National Affairs
Banking and Financial Sector
Reserve Bank of India Monetary Policy Committee Meeting Commences
RBI’s three-day Monetary Policy Committee meeting began on 04.06.2025 under Governor Sanjay Malhotra’s chairmanship
Meeting scheduled to conclude on 06.06.2025 with policy announcement on Friday
Economists predict a potential 50 basis points repo rate cut from current 6% to 5.75%
SBI Economic Research Department projects aggressive rate reduction to revive credit cycle
Current retail inflation stands at 3.16% in April, below RBI’s 4% target
Commercial banks’ credit growth slowed to 9.8% as of May 16, 2025
Banks have already reduced savings account rates to floor of 2.7%
Fixed deposit rates cut by 30-70 basis points since February 2025
Financial Market Performance
Indian equity markets recovered from three-day losing streak on 04.06.2025
Sensex and Nifty closed in positive territory driven by global cues
Strong domestic institutional buying supported market recovery
Defence and railway stocks emerged as top gainers
Government Policies and Initiatives
Ladakh Reservation Regulation 2025
President assented to Union Territory of Ladakh Reservation Amendment Regulation 2025 on 02.06.2025
New regulation effective from 03.06.2025
85% reservation cap imposed in government appointments excluding EWS category
Amendment addresses local community concerns and regional autonomy
Separate procedures prescribed for EWS vacancies
Digital Infrastructure Development
Department of Posts introduced DHRUVA Digital Address Digital Public Infrastructure
System designed to provide unique digital addresses for every home in India
Initiative aims to enhance postal delivery efficiency nationwide
Central Government Extensions and Appointments
Unified Pension Scheme benefits extended to Central Government employees
Coverage includes NPS retirees with minimum 10 years service before March 31, 2025
Manufacturing scheme for electric passenger cars officially notified
New operational guidelines released for automotive sector development
Environmental and Conservation Initiatives
Wetland Conservation Achievements
India’s Ramsar Site tally reached 91 with addition of two Rajasthan wetlands
Country maintains third position globally in wetland conservation
Continuous efforts towards biodiversity preservation and environmental protection
Green Energy Projects
Prime Minister to launch Aravalli Green Project promoting afforestation
Maharashtra CM sets target of planting 10 crore trees in 2025
Building-Integrated Photovoltaics gaining momentum under PM Surya Ghar Yojana
Infrastructure and Transportation
Railway Development
PM to flag off Vande Bharat train between Katra and Srinagar
Enhanced connectivity for Jammu and Kashmir region
Continued expansion of high-speed rail network across India
Polar Research Advancement
India signs MoU with Norway’s Kongsberg for first indigenous Polar Research Vessel
Garden Reach Shipbuilders and Engineers partnership established
Significant milestone in India’s polar research capabilities
International Affairs
Middle East Developments
Gaza Conflict Escalation
Israeli forces killed at least 27 Palestinians near Gaza aid location
Ongoing tensions continue to escalate in the region
International community monitoring humanitarian crisis
European Political Changes
Netherlands Political Shift
Dutch far-right leader Geert Wilders withdrew from ruling coalition
Disagreement over asylum policy triggered political crisis
European political landscape experiencing significant changes
Natural Disasters
Turkey Earthquake Impact
Magnitude 5.8 earthquake struck Turkish coast
Dozens injured with one teenager fatality during hospital transport
International emergency response protocols activated
Asian Political Developments
Mongolia Government Transition
Prime Minister Oyun-Erdene resigned following public protests
Loss of parliamentary support contributed to political instability
Regional implications for Central Asian politics
Sports Updates
Chess Championships
Norway Chess Tournament Highlights
Indian Grandmaster D Gukesh achieved maiden classical victory over Magnus Carlsen
Prime Minister Modi congratulated Gukesh on historic achievement
Vaishali Rameshbabu defeated women’s world champion in Women’s section
Koneru Humpy surged into tournament lead
Cricket Developments
International Cricket Updates
Colombo added as neutral venue for ICC Women’s 50-over World Cup
Tournament scheduled from September 30 to November 2, 2025
Joint hosting by India and Sri Lanka confirmed
Domestic Cricket
Neeraj Chopra Classic rescheduled to July 5 in Bengaluru
India’s first international javelin event gaining prominence
P.V. Sindhu advanced to Indonesia Open second round
Football Achievements
Champions League Victory
PSG won Champions League trophy for first time
Record 5-0 victory over Inter Milan in final
Historic achievement for French football
Business and Economy
Corporate Developments
Walt Disney Restructuring
Major layoffs announced across film, television, marketing divisions
Several hundred employees affected worldwide
Cost-cutting measures amid industry challenges
IT Sector Growth
Infosys CEO received 22% salary hike to $9.4 million
Ranking among highest-paid executives in Indian IT sector
NMDC reported record iron ore production and sales in May 2025
Currency and Trade
Rupee Performance
Indian rupee declined 10 paise to 85.49 against US dollar
Early trading session reflected global market pressures
Forex markets monitoring international trade developments
BRICS Cooperation
India participated in 9th BRICS Industry Ministers’ Meeting in Brasília
Theme focused on “Strengthening Global South Cooperation”
India launched BRICS Startup Knowledge Hub on January 31, 2025
Digital India campaign achievements highlighted internationally
Educational and Research Developments
Scientific Breakthroughs
Medical Research Advancement
IISc researchers developed artificial metal-based nanozyme
Innovation prevents excess blood clotting complications
Potential applications in cardiovascular medicine
Environmental Research
Bacteria discovered at Rajgir hot spring showing antimicrobial activity
Research implications for pharmaceutical development
Indigenous biodiversity contributing to medical sciences
Space Program Updates
International Space Mission
Indian astronaut’s ISS mission postponed to June 10
Continued collaboration with international space agencies
India’s growing presence in global space exploration
Administrative and Governance
Judicial Developments
Supreme Court Rulings
Court clarified no contempt if Parliament makes laws within constitutional framework
Important precedent for legislative-judicial relationship
Democratic governance principles reinforced
Election Commission Initiatives
New tech-driven system introduced for voter turnout updates
Enhanced transparency in electoral processes
Digital transformation of democratic institutions
State Government Initiatives
Telangana Conservation Efforts
Kumram Bheem Conservation Reserve established covering 88 square kilometers
Wildlife corridor connecting tiger reserves and sanctuaries
Central India biodiversity conservation enhanced
Healthcare Policy Updates
Government plans to wind down National Polio Surveillance Network centres
Successful polio eradication efforts reaching completion phase
Public health infrastructure optimization ongoing
Key Appointments and Changes
Banking Sector Leadership
Life Insurance Corporation
Dinesh Pant and Ratnakar Patnaik appointed as Managing Directors
Appointments effective from June 1, 2025
Leadership strengthening in insurance sector
Punjab & Sind Bank Extension
Swarup Kumar Saha’s tenure extended by 21 months as MD & CEO
Continued stability in public sector banking leadership
Corporate Leadership
Tata Chemicals Appointment
S Padmanabhan appointed Chairman effective May 30, 2025
IIM Bangalore alumnus and Distinguished Alumni Award recipient
Strategic leadership transition in chemical industry
Fertiliser Association Leadership
Sailesh C Mehta elected as new Chairman of Fertiliser Association of India
DFPCL Managing Director bringing industry expertise
Agricultural sector representation enhanced
Important Observances
International Recognition Days
Children’s Rights Awareness
International Day of Innocent Children Victims of Aggression observed on June 4
Global awareness campaign highlighting children affected by conflict
International humanitarian focus on child protection
Cultural and Religious Observances
Upcoming Festivals
World Environment Day scheduled for June 5
Ganga Dussehra celebrations on June 5
Eid al-Adha festivities beginning June 6
Examination Focus Points
Banking Exam Relevance
Monetary Policy Understanding
Repo rate mechanism and transmission effects
Inflation targeting framework implications
Credit growth patterns and banking sector impact
Government Scheme Knowledge
Digital infrastructure initiatives and implementation
Environmental conservation policies and targets
Financial inclusion measures and banking penetration
Competitive Exam Highlights
Current Affairs Integration
International relations developments affecting India
Domestic policy changes with long-term implications
Sports achievements bringing national recognition
Scientific research contributions to global knowledge
Static GK Connections
BRICS member countries and cooperation frameworks
Ramsar Convention significance and Indian sites
Constitutional provisions regarding legislative-judicial relations
Space program milestones and international partnerships
This comprehensive current affairs update for 05.06.2025 provides essential information for banking, SSC, UPSC, and other competitive examinations, ensuring candidates stay updated with latest developments across multiple domains.
