National News Updates
Banking and Financial Sector Developments
RBI’s recent monetary policy decisions continue to impact the banking sector significantly, with all banks required to swiftly pass on the 50-basis-point rate cut to customers as emphasized in the latest RBI Bulletin
Bank Nifty achieved a remarkable four-month winning streak, driven by RBI rate cuts and improving investor confidence in the banking sector
HDFC Bank recorded a new all-time high of ₹2,027, while AU Small Finance Bank reached a peak of ₹824, showcasing the broad-based recovery in the banking sector
Banks remained closed on 28.06.2025 as it marked the fourth Saturday of the month, following RBI’s holiday calendar for scheduled and non-scheduled banks
Cash Reserve Ratio reduction by 100 basis points is expected to inject around ₹2.5 lakh crore of primary liquidity into the banking system by December 2025
Government Policy and Administrative Updates
Bihar CM Nitish Kumar distributed job letters to 21,391 new police constables in Patna, strengthening the state’s law enforcement capabilities
Delhi government cabinet approved the proposal to continue the existing liquor policy for 2025-26, maintaining current regulatory framework
Over 5.5 crore devotees have visited Ayodhya for darshan since January 22, 2024, highlighting the religious tourism boost in Uttar Pradesh
41,862 pilgrims participated in Uttarakhand’s Chardham Yatra on Friday, demonstrating continued religious tourism momentum
Mamata Banerjee inaugurated the first Rath Yatra at Jagannath Dham temple in Digha, marking a significant cultural milestone for West Bengal
Economic and Infrastructure Developments
India’s rice surplus is being diverted to ethanol production as the country prepares for a significant harvest post-monsoon season
YEIDA allocated 100 acres for EV Trust near Noida Airport, boosting Sector-10 with a dedicated EV manufacturing cluster
Air India plane crash investigation has prompted Parliament panel to summon Civil Aviation Secretary and Boeing representatives over safety concerns
Navi Mumbai International Airport scheduled to open in June 2025 remains on track as a game-changer for the aviation sector
Mumbai-Delhi Expressway construction continues as part of India’s ambitious infrastructure development program
Legal and Justice System Updates
Gujarat High Court extended interim bail of 2013 rape convict Asaram till July 7, continuing legal proceedings in the high-profile case
Supreme Court developments continue to shape judicial precedents across various domains affecting governance and civil rights
Various state high courts are actively addressing pending cases, contributing to the ongoing judicial reforms in the country
Science and Technology Sector
India’s telecom sector recorded impressive growth in May 2025, with broadband subscribers crossing 974 million mark
Fixed wireless broadband growth exploded with a 60.06 percent increase, growing from 4.87 million to 7.79 million subscribers in May
Innovation funding challenges persist as researchers face months-long delays in stipend payments under the INSPIRE scheme
DRDO continues advancement in defense technology with new weapon systems and surveillance capabilities under development
Agricultural and Rural Development
Meat sector shows significant boom with share in farm output rising 2.5 percentage points to 7.5 percent over the past decade
Agricultural policies continue to focus on sustainable farming practices and technology adoption across various states
Rural employment schemes maintain momentum with continued government support for agricultural communities
Migration and Demographics
Approximately 3,500 millionaires are expected to leave India and settle abroad, raising concerns about wealth migration and its economic impact
Demographic studies reveal changing patterns in urban-rural migration influenced by economic opportunities and policy changes
International News Updates
Middle East Developments
Israel-Iran conflict sees a 12-day strike operation with IDF detailing massive offensive that reportedly crippled Iran’s nuclear ambitions
US shared bunker-buster footage demonstrating Iran strike damage, with Pentagon releasing detailed video evidence
Gaza humanitarian situation remains critical with UN Secretary General expressing concerns about civilian casualties due to US aid missions
Trump administration indicated potential for major peace agreement within a week regarding Gaza conflict resolution
US Political and Economic Updates
President Trump ended trade talks with Canada, threatening new tariff implementation within seven days due to disputes over digital services tax
Trump expressed willingness to consider bombing Iran again if uranium enrichment levels become concerning to the United States
US Court reduced judges’ power to interfere in presidential policy decisions, marking significant judicial precedent
American researchers arrived at French universities as part of “science asylum” program amid federal research spending cuts
Global Economic Trends
World Bank projects global growth to slow to 2.3 percent in 2025, representing weakest performance since 2008 outside of recessions
Trade tensions and policy uncertainty drive growth forecasts down for nearly 70 percent of global economies
Oil prices dropped 6 percent following Israel-Iran ceasefire announcement, reducing Middle East supply risk concerns
Bitcoin remains relatively stable despite $3.5 billion inflows into ETFs during June 2025, showing market maturation
Asia-Pacific Developments
Japan executed the “Twitter Killer” for luring and killing nine people through social media contact
Vietnamese decision to legalize cryptocurrency effective from 2026 could spur mass adoption across Southeast Asia
Hindu community outrage grows following sudden temple demolition in Dhaka, raising religious freedom concerns
Chinese economic data offers mixed signals affecting global market sentiment and trade relationships
European Union Updates
France welcomes first batch of American researchers under science asylum program as universities offer alternatives to US academics
European economy projected to grow by 1.0 percent in 2025, unchanged from 2024 but below earlier forecasts
EU-India Free Trade Agreement negotiations continue with potential completion by mid-2025
Brexit-related developments continue to influence UK-EU economic relationships
Technology and Innovation Global Trends
Global technology sector faces over 76,000 job cuts in 2025, with major companies restructuring for AI integration
Intel announces plans for 25,000+ job cuts representing nearly 20 percent of workforce in largest tech layoff
Microsoft, Meta, Google, and Amazon continue workforce adjustments amid shifting technology priorities
Artificial intelligence investments drive major restructuring across international technology companies
Sports News Updates
Cricket Developments
Indian U19 team achieved six-wicket victory over England, taking 1-0 lead in ODI series with Vaibhav Suryavanshi’s impressive 48 runs in 18 balls
ICC revised powerplay rules for shortened T20 matches, implementing new playing conditions effective from next month
Indian cricket team preparation continues for second Test of Anderson-Tendulkar Trophy starting July 2 at Edgbaston
Women’s cricket team prepares for England series with five T20s and three ODIs scheduled for late June
Other Sports Highlights
R Praggnanandhaa claimed victory at 2nd UzChess Cup tournament in Tashkent, demonstrating exceptional chess performance in 2025
Neeraj Chopra’s NC Classic event highlighted growing prominence of athletics in India with fan engagement initiatives
Steeplechaser Avinash Sable recovering from calf and hamstring injuries, planning training stint in Morocco before World Championships
Hockey player Lalit Upadhyay announced retirement despite captain Harmanpreet Singh’s requests to continue playing
Upcoming Sports Events
Austrian Grand Prix weekend features Max Verstappen at Red Bull Ring with upgraded car for team’s home race
Real Madrid secured 3-0 victory over Salzburg in Club World Cup, advancing to round of 16 with first place in Group H
Various sports calendars show continued international competition across multiple disciplines throughout summer 2025
Technology and Innovation Updates
Telecommunications Growth
India’s broadband subscriber base reached 974.87 million in May 2025, representing 3.37 percent month-on-month growth
Reliance Jio Infocomm leads with 494.47 million subscribers, followed by Bharti Airtel with 302.15 million subscribers
5G Fixed Wireless Access services show explosive growth with 60 percent increase in adoption during May 2025
Mobile number portability requests hit record 14 million, while M2M connections for IoT crossed 73 million mark
Space and Defense Technology
Gaganyaan program continues with three uncrewed flights scheduled for 2025-2026, followed by crewed mission in 2026
India’s space station plans progress with Bharatiya Antariksha Station expected 5-7 years after Gaganyaan completion
DRDO develops advanced QRSAM system with 30 km operational range for enhanced air defense capabilities
I-STAR aircraft procurement proposal worth ₹10,000 crore under consideration for enhanced surveillance capabilities
Information Technology Sector
Indian IT industry continues evolution amid global challenges, with companies adapting to new technology paradigms
Artificial intelligence integration drives significant changes in software development and service delivery models
Cybersecurity measures gain prominence with robust implementations across various sectors including railways
Digital governance initiatives expand with National Awards for e-Governance recognizing innovative implementations
Competitive Exam Updates
Banking Sector Examinations
IBPS PO 2025 preliminary examination scheduled for August 17, 23, and 24, with mains exam on October 12, 2025
SBI CBO 2025 online examination planned for July 2025 with registration dates from May 9 to 29, 2025
Indian Overseas Bank LBO recruitment ongoing with registration dates from May 12 to 31, 2025
Bank of Baroda Office Assistant recruitment continues with registration from May 3 to 23, 2025
Union Bank Assistant Manager recruitment applications accepted from April 30 to May 20, 2025
Staff Selection Commission Updates
SSC CGL 2025 notification released on June 9 with 14,582 vacancies and application period from June 9 to July 4, 2025
SSC CHSL examination scheduled for June 23 to July 18, 2025, with 3,131 posts available
SSC MTS Havaldar recruitment announces 1,075 posts with application deadline July 24, 2025
SSC CPO Sub Inspector recruitment opens with application period until July 17, 2025
Other Government Examinations
UPSC announces 241 posts for Scientific Officer and Specialist positions with application deadline July 17, 2025
DRDO RAC Scientist B recruitment offers 152 positions with July 4, 2025 application deadline
ISRO Scientist/Engineer recruitment provides 39 positions with July 14, 2025 application deadline
Indian Coast Guard announces 630 Navik and Yantrik positions with June 29, 2025 application deadline
Defense and Paramilitary Recruitment
Indian Air Force Agniveervayu recruitment for intake 02/2026 continues until July 31, 2025
IAF Commissioned Officer recruitment for 284 posts with July 1, 2025 application deadline
Assam Rifles announces 79 positions for Rifleman and other posts with July 21, 2025 deadline
Territorial Army recruitment offers 62 Soldier positions with July 13, 2025 application deadline
Awards and Recognition Updates
National Honor Recognition
President Droupadi Murmu presented Padma Awards 2025 to 139 distinguished individuals across various fields
National Florence Nightingale Awards 2025 honored 15 nursing professionals for exceptional healthcare service
Defence Investiture Ceremony Phase-1 recognized gallantry and distinguished service in armed forces
National Awards for e-Governance 2025 celebrated digital innovation with 10 Gold and 6 Silver awardees
Cultural and Academic Recognition
M.T. Vasudevan Nair received posthumous Padma Vibhushan for literature and education contributions
Sharda Sinha honored posthumously with Padma Vibhushan, known as Bihar Kokila for artistic achievements
Various artists, scientists, and social workers received recognition across different categories of national awards
International recognition continues for Indian achievements in science, technology, and cultural fields
Infrastructure and Development Projects
Transportation Infrastructure
Mumbai’s Coastal Road project advances with south-bound connector installation between Coastal Road and Bandra-Worli Sea Link
Hyderabad’s H-CITI Programme allocated ₹7,032 crore for 38 infrastructure projects including flyovers and tunnels
Delhi-Mumbai Expressway construction continues as part of corridor-based development strategy
Railway infrastructure modernization includes locomotive exports to Guinea and Mozambique from Bihar plant
Urban Development Initiatives
GIFT City in Gujarat progresses as global financial and IT services hub with world-class infrastructure
Smart city initiatives expand across multiple states with digital governance and technology integration
Urban mobility projects include metro rail expansions and modern transportation systems
Sustainable development projects focus on renewable energy and environmental conservation
Airport and Aviation Infrastructure
Navi Mumbai International Airport preparation continues for June 2025 opening with lotus petal-inspired terminals
Jewar International Airport development progresses as planned Asia’s largest airport with multiple phases
Regional connectivity schemes expand to improve air transport accessibility across smaller cities
Aviation safety measures strengthen following various incidents and regulatory reviews
This comprehensive daily current affairs update for 28.06.2025 provides essential information for competitive exam preparation, covering all major developments across national and international domains relevant for banking, SSC, and other government examinations in India.
