NATIONAL AFFAIRS
Prime Minister’s Development Initiatives
PM Modi’s Bihar, Odisha & Andhra Pradesh Visit (20-21 June 2025): Prime Minister Narendra Modi inaugurated and laid foundation stones for development projects worth over Rs. 24,400 crores across three states, focusing on infrastructure, housing, energy, connectivity, sanitation, and sustainable mobility.
Vaishali-Deoria Railway Line Inauguration: The new 29-kilometer railway line project worth over Rs. 400 crores was inaugurated, connecting important Buddhist and Jain pilgrimage sites including Vaishali and Kesaria Stupa.
Patliputra-Gorakhpur Vande Bharat Express: India’s 71st semi-high-speed train was virtually flagged off, covering 384 kilometers in approximately 7 hours, enhancing regional connectivity between Bihar and Uttar Pradesh.
President’s Official Engagements
President Droupadi Murmu’s Uttarakhand Visit: The President visited Uttarakhand from June 19-21, 2025, participating in various developmental and cultural programs in the hill state.
Ministry Initiatives and Launches
MNRE Startup Challenge: The Ministry of New and Renewable Energy launched a Rs. 2.3 crore startup challenge to boost rooftop solar and renewable energy innovations, focusing on affordability, resilience, inclusivity, and environmental sustainability.
Union Home Minister’s Chhattisgarh Visit: Amit Shah laid foundation stones for National Forensic Sciences University (NFSU) and Central Forensic Science Laboratory (CFSL) campus in Raipur, strengthening forensic education infrastructure.
ICETAB Device Launch: Union Minister of State Pankaj Chaudhary launched the ICETAB device for export examination at the CBIC Conclave in Delhi, modernizing customs procedures.
State-Level Developments
Bihar’s E-Voting Innovation: Bihar pioneered India’s first mobile-based e-voting system for urban elections, marking a significant advancement in electoral technology and democratic processes.
Gharial Conservation Programme: Union Environment Minister launched the Gharial Conservation Programme in Katarniaghat, Uttar Pradesh, releasing seven one-year-old gharial hatchlings into the Gerua River.
Government Schemes and Policies
International Yoga Day Preparations: Extensive preparations were underway across India for International Yoga Day 2025, with the main event scheduled at Kashi Vishwanath Dham in Varanasi.
Department of Posts Yoga Celebration: The Department of Posts observed International Day of Yoga 2025 with various activities promoting health and wellness among postal employees.
INTERNATIONAL AFFAIRS
Middle East Developments
Iran-Israel Ceasefire Agreement: US President Donald Trump announced a complete and total ceasefire between Israel and Iran, bringing an end to the 12-day conflict that began with Israeli strikes on Iranian nuclear facilities.
Diplomatic Breakthrough: The ceasefire was facilitated through intensive diplomatic efforts involving Qatar as a mediator, with the agreement scheduled to begin at midnight on June 24, 2025.
Regional Impact: The conflict resolution significantly impacted global oil markets and regional stability, with stock markets responding positively to the peace agreement.
Global Summits and Conferences
51st G7 Summit: The summit was held from June 15-17, 2025, in Alberta, Canada, addressing international peace, security, global economic stability, and digital transition challenges.
55th International Paris Air Show: The prestigious aerospace event took place from June 16-22, 2025, in France, showcasing cutting-edge aviation technologies and defense systems.
Nuclear Safety and Security
ConvEx-3 Nuclear Emergency Exercise: A major international nuclear emergency response exercise began on June 24, 2025, hosted by Romania, involving over 75 countries and 10 international organizations testing global readiness for nuclear emergencies.
Economic and Trade Relations
OECD Drought Report: The Organization for Economic Cooperation and Development reported that droughts are expected to be 35% more costly by 2035, highlighting climate change economic impacts.
Asian Development Bank Loan: The ADB and World Bank sanctioned $1.5 billion in loans to Bangladesh for infrastructure and development projects.
BANKING AND FINANCIAL SECTOR
Reserve Bank of India Updates
RBI Monetary Policy June 2025: The Reserve Bank of India reduced the policy repo rate by 50 basis points to 5.50% with immediate effect, aiming to achieve the medium-term CPI inflation target of 4% while supporting growth momentum.
Growth Projections: RBI projected real GDP growth for 2025-26 at 6.5%, with quarterly projections of Q1 at 6.5%, Q2 at 6.7%, Q3 at 6.6%, and Q4 at 6.3%.
Inflation Outlook: CPI inflation for 2025-26 was projected at 3.7%, with Q1 at 2.9%, Q2 at 3.4%, Q3 at 3.9%, and Q4 at 4.4%.
PSL Norms Revision: RBI revised Priority Sector Lending norms for Small Finance Banks, effective from April 1, 2025, enhancing financial inclusion objectives.
Penalty on Fino Payments Bank: RBI imposed a monetary penalty of Rs. 29.6 lakh on Fino Payments Bank for regulatory non-compliance issues.
Market Developments
SEBI Compliance Easing: The Securities and Exchange Board of India eased compliance norms for Foreign Portfolio Investors investing in Government Securities, facilitating foreign investment flows.
Stock Market Performance: BSE Sensex dropped 511.38 points to 81,896.79, while Nifty 50 lost 140.50 points to 24,971.90, reflecting market volatility amid geopolitical developments.
Financial Sector Appointments
K. Paul Thomas Election: K. Paul Thomas was elected as Chairperson of Sa-Dhan, the association of community development finance institutions.
SPORTS UPDATES
International Sports Events
Archery Asia Cup 2025: India topped the medal tally at the Archery Asia Cup 2025 Stage 2 in Singapore with 9 medals, including 2 golds, 6 silvers, and 1 bronze.
Neeraj Chopra’s Performance: Olympic champion Neeraj Chopra competed at the Ostrava Golden Spike 2025 event in Czech Republic, facing Rio 2016 champion Thomas Rohler.
Tennis Updates: Lulu Sun achieved her best win since Wimbledon Championship by defeating top seed Daria Kasatkina in the Eastbourne grasscourt tournament.
Domestic Sports Developments
Cricket Updates: England stood at 21 without loss in pursuit of 371 runs against India at stumps on the fourth day of the opening Test at Headingley.
Netball Results: Southern Steel defeated Pulse 58-57 in Wellington, marking Pulse’s third consecutive ANZ Premiership loss.
Basketball News: Parker Jackson-Cartwright signed a 2-year extension with New Zealand Breakers until the end of the 2026-27 campaign.
IMPORTANT DAYS AND OBSERVANCES
International Observances
International Olympic Day 2025: Celebrated on June 23, 2025, with the theme “Let’s Move – Together for More Motivation, Community and Joy,” promoting physical activity and Olympic values globally.
International Widows Day: Observed on June 23, 2025, raising awareness about the challenges faced by widows worldwide and advocating for their rights and support.
United Nations Public Service Day: Celebrated on June 23, 2025, recognizing the value and virtue of public service to the community and highlighting the contribution of public service in the development process.
National Celebrations
International Yoga Day Preparations: Extensive arrangements were made across India for International Yoga Day on June 21, 2025, with the main event at Kashi Vishwanath Dham in Varanasi.
TECHNOLOGY AND INNOVATION
Digital Infrastructure
BSNL 5G Launch: Bharat Sanchar Nigam Limited launched indigenous Quantum 5G Fixed Wireless Access service in Hyderabad, marking a significant step in India’s 5G rollout.
Digital India Initiatives: Various digital transformation projects continued under the Digital India campaign, focusing on improved online infrastructure and digital literacy.
Innovation in Governance
Mobile E-Voting System: Bihar’s implementation of India’s first mobile-based e-voting system for urban elections represents a breakthrough in electoral technology and democratic processes.
ECONOMIC DEVELOPMENTS
Export Performance
Coffee Export Growth: Indian coffee exports grew by 25% in FY 2025-26 according to the Coffee Board, reflecting strong international demand for Indian coffee varieties.
Locomotive Export: The first locomotive manufactured at Marhowra Locomotive Factory was exported to Guinea, showcasing India’s manufacturing capabilities under the “Make in India” initiative.
Trade and Commerce
US Tariff Measures: The United States imposed new tariffs on home appliance imports, including refrigerators, washing machines, and other steel-aluminum derivative products, affecting global trade dynamics.
APPOINTMENTS AND PERSONNEL CHANGES
Corporate Appointments
Sona BLW Precision Forgings: Jeffrey Mark Overly was appointed as the new Chairperson of the Board, while Priya Sachdev Kapur joined as Additional Non-Executive Director.
Tata Motors Leadership: The company announced leadership changes in its electric vehicle division, strengthening its position in India’s EV market.
Government Appointments
Civil Services Appointments: Various IAS, IPS, and other civil services officers received new postings and appointments across different ministries and departments.
CONCLUSION
The current affairs of June 24, 2025, reflect India’s continued progress in infrastructure development, technological innovation, and international diplomacy. The successful resolution of the Iran-Israel conflict, significant railway infrastructure projects, advancement in digital governance, and strong performance in international sports competitions demonstrate India’s growing global influence and domestic development momentum. These developments are crucial for competitive examination preparation, particularly for banking and civil services aspirants who need comprehensive awareness of national and international affairs.
