National News and Government Updates
Prime Minister and Policy Announcements
Prime Minister Narendra Modi launched centenary celebrations of Acharya Shri 108 Vidyanand Ji Maharaj at Vigyan Bhawan, New Delhi on 28th June 2025, marking the beginning of year-long tribute to the renowned Jain spiritual leader
PM Modi’s Mann Ki Baat program scheduled for 29th June 2025, with public invited to share thoughts and suggestions for the monthly radio address
Parag Jain appointed as new Research and Analysis Wing chief, set to begin tenure from July 1, 2025, succeeding Ravi Sinha
Home Minister Amit Shah to chair Manthan Baithak in Delhi to support cooperative sector development initiatives
State Government Initiatives
Delhi Chief Minister Rekha Gupta launched 100 electric buses across nine city routes to promote green public transport and environmental sustainability
Punjab government signed MoU to establish Data Intelligence Unit focused on anti-drug campaigns, rehabilitation support, and technical staff training
Assam government recognized transgender community as socially and educationally backward class, marking significant progress in LGBTQ+ rights
Andhra Pradesh launched ‘Vidya Shakti’ initiative to help slow-learning children advance in their studies
Meghalaya Chief Minister Conrad Sangma encouraging Northeast youth to embrace entrepreneurship opportunities
Judicial and Administrative Developments
Kerala High Court questioned censor board over objections to movie title ‘Janaki’, seeking written response from revising committee
Uttarakhand High Court lifted ban on Panchayat polls, directing State Election Commission to release revised schedule with three-day extension
Karnataka Common Entrance Test authority to hold UGCET seat allotment interaction to simplify admission process for students
Delhi University panel dropped proposed PG papers on Islam, Pakistan, and China after controversy over curriculum content
International News and Global Affairs
Middle East Developments
At least 34 people killed in Israeli strikes across Gaza, with health officials reporting growing humanitarian crisis while ceasefire prospects inch closer
UN Secretary-General António Guterres reiterated call for immediate ceasefire in Gaza, warning about deteriorating humanitarian situation
Iran’s Foreign Minister Seyed Abbas Araghchi warned Trump over remarks about Khamenei, telling him to adopt acceptable tone toward Iranian leadership
One person killed and 11 wounded in Israeli strikes on Lebanon, continuing regional tensions
Global Security and Politics
13 people killed in suicide attack in Pakistan’s Khyber Pakhtunkhwa province, highlighting ongoing security challenges in the region
Protesters gathered in Bangkok demanding Thai Prime Minister’s resignation over leaked Cambodia call controversy
Four individuals arrested in UK military base break-in incident, raising security concerns
Russian Foreign Minister Sergey Lavrov stated NATO’s military buildup will not affect Russia’s strategic position
UN and International Organizations
UN summit in Spain proceeded without US participation, focusing on bridging 4 trillion dollar global development gap
UN report warned about risks of AI misuse in terrorism, urging urgent global regulatory measures
India called for permanent border solution with China at SCO meeting, emphasizing peace and trust-building post-2020 standoff
Banking and Financial Sector Updates
RBI Monetary Policy Developments
Reserve Bank of India cut repo rate by 50 basis points to 5.50 percent in June 2025 MPC meeting, changing stance to ‘neutral’ from previous position
RBI Governor Sanjay Malhotra announced policy aimed at supporting growth while maintaining inflation target of 4 percent within +/- 2 percent band
Central bank projected Real GDP growth for 2025-26 at 6.5 percent, with quarterly breakdown showing steady performance across all quarters
CPI inflation for financial year 2025-26 projected at 3.7 percent, with quarterly distribution from 2.9 percent in Q1 to 4.4 percent in Q4
Banking Sector News
MSME credit crossed Rs 40 trillion in March 2025 with 20 percent growth, though active loan growth dropped to 1.3 percent
AU Finance Bank scheduled board meeting on 28th June to consider fund raising options
Federal Bank planned board meeting on 30th June to discuss equity and debt fund raising initiatives
Enhanced Kisan Credit Card facility to provide short-term loans for 7.7 crore farmers, fishermen, and dairy farmers with increased limit of Rs 5 lakh
Market Performance
NIFTY 50 index ended 88.8 points higher at 25,637.8, up 0.35 percent, driven by buying interest in key constituents
Sensex recorded modest gain of 303.03 points or 0.36 percent to close at 84,058.9, with 18 stocks advancing and 12 declining
Bank Nifty surged 237.2 points to close at 57,443.9, up 0.41 percent, with IndusInd Bank leading gains at 2.58 percent
India’s office market grew 11 percent in Q2 2025, with 17.8 million square feet leased across top seven cities
Economic and Business Updates
Budget and Tax Reforms 2025
Union Budget 2025 introduced zero income tax up to Rs 12 lakh under new tax regime, with revised tax slabs for higher income brackets
TDS and TCS rationalization implemented, with senior citizen interest limit doubled from Rs 50,000 to Rs 1 lakh
Standard deduction increased from Rs 50,000 to Rs 75,000, providing additional relief to taxpayers
New Income Tax Bill tabled in Parliament to simplify tax regime and reduce compliance burden
Economic Indicators
India’s economic activity reached 14-month high in June 2025, driven by strong PMI data and increased business output
Consumer confidence increased by 2.9 percentage points in June 2025, reaching national index score of 59.0
Crude oil prices rose as US stockpiles dropped by 5.8 million barrels, indicating higher demand in global markets
Export orders showed strongest upturn since September 2014, with companies scaling up production to meet demand
Industrial and Infrastructure Development
Prime Minister Dhan-Dhaanya Krishi Yojana launched to enhance agricultural productivity and farmer income
Research, Development and Innovation allocation of Rs 20,000 crore announced for private sector-driven initiatives
PM Research Fellowship program to provide 10,000 fellowships for technological research in IITs and IISc
Nuclear energy capacity increased from 4.78 GW to 8.78 GW as of 3rd June 2025, with ambitious targets set ahead
Sports News and Updates
Cricket Developments
ICC World Test Championship 2025-27 cycle commenced with Sri Lanka vs Bangladesh series beginning 17th June 2025
South Africa defeated Australia by 5 wickets in WTC Final 2025 at Lord’s, winning their maiden championship title
England and India engaged in five-Test series across major venues including Headingley, Edgbaston, Lord’s, Old Trafford, and The Oval
Neeraj Chopra won Ostrava Golden Spike 2025 title with impressive 85.29m throw performance
Other Sports
Indian Grandmaster R Praggnanandhaa defeated leader Abdusattarov at Prague Masters, moving closer to top spot with three rounds remaining
Team India began practice for second Test against England at Edgbaston, with Jasprit Bumrah present but skipping on-field activity
ICC introduced new powerplay rules for shortened T20 matches, adjusting fielding restrictions based on overs played
FIFA Club World Cup Round of 16 confirmed with Real Madrid and Al Hilal advancing after group stage matches
Odisha emerged victorious in women’s final of Hockey India Masters Cup, showcasing impressive talent throughout tournament
Education and Innovation
Educational Initiatives
Department of Education launched Mission Mathematics program expansion to include Classes 6 and 7, strengthening foundational math skills
50,000 Atal Tinkering Labs announced in Budget 2025 to promote innovation and scientific thinking among students
Expanded medical seats allocation announced to address healthcare professional shortage
Gene Bank for Crops Germplasm establishment planned with 10 lakh germplasm lines for future food security
Technology and Research
International Conference on Information and Education Innovations scheduled for 29th June 2025 in Mumbai
International Conference on Computer Science and Engineering held in Kollam on 29th June 2025
AI-driven projects receive significant funding boost under Budget 2025 allocations
India developing K-6 hypersonic Submarine-Launched Ballistic Missile to enhance strategic deterrence capabilities
Important Days and Commemorations
National Statistics Day – 29th June 2025
Theme for 2025: “75 Years of National Sample Survey”
Ministry of Statistics and Programme Implementation celebrated 19th Statistics Day at Dr. Ambedkar International Centre, New Delhi
Day commemorates birth anniversary of Professor Prasanta Chandra Mahalanobis, founder of Indian Statistical Institute Kolkata
Government designated 29th June as Statistics Day in 2007 to honor statistical contributions to national development
Personality Tributes
Nation paid tribute to former Prime Minister PV Narasimha Rao on his birth anniversary
Rao remembered for initiating 1991 economic reforms that liberalized India’s economy
Defense Minister Rajnath Singh described Rao as towering statesman who guided economic transformation
Congress President Mallikarjun Kharge credited Rao’s policies for expanding middle class and advancing nuclear foreign policies
Environment and Climate
Weather and Climate Patterns
May 2025 witnessed unseasonably cool conditions across India, marking departure from typical summer heat patterns
Meteorological observations indicate significant shift in atmospheric circulation patterns affecting traditional weather cycles
Early moisture influx and altered wind patterns contributed to premature end of typical summer season
Climate experts suggest multiple factors including monsoon dynamics influenced unusual weather patterns
Environmental Initiatives
Renewable energy capacity addition reached record 29.52 GW in FY 2024-25, increasing total installed capacity to 223.6 GW
Solar energy capacity grew from 2.82 GW in 2014 to 107.9 GW as of 3rd June 2025
Wind energy capacity expanded from 21.04 GW in March 2014 to 51.05 GW by June 2025
Government making strong progress toward 500 GW non-fossil fuel target by 2030
Key Takeaways for Competitive Examinations
Banking Awareness
RBI repo rate reduced to 5.50 percent with neutral stance adoption
MSME credit growth at 20 percent reaching Rs 40 trillion mark
Enhanced KCC limits and financial inclusion measures implemented
Current Affairs Focus
India hosting 2029 World Police and Fire Games in Ahmedabad
South Africa won maiden WTC title defeating Australia
National Statistics Day theme focuses on 75 years of National Sample Survey
Economic Updates
Zero income tax up to Rs 12 lakh under new regime
Consumer confidence index reached 59.0 with 2.9 point increase
Economic activity hit 14-month high driven by strong PMI performance
Word of the Day: Resilience – The capacity to recover quickly from difficulties and adapt to challenging situations
Thought of the Day: “The best time to plant a tree was 20 years ago. The second best time is now.” – Ancient wisdom emphasizing the importance of taking action today for future benefits
