National Events – India
Prime Minister’s Kashmir Visit and Infrastructure Development
PM Narendra Modi inaugurated the world’s highest railway arch bridge – Chenab Rail Bridge in Jammu and Kashmir
The bridge stands 359 meters above the riverbed, making it taller than the Eiffel Tower
Bridge spans 1,315 meters and connects Bakkal and Kauri villages in Reasi district
Designed to withstand earthquakes and wind speeds up to 266 km/h with a lifespan of over 120 years
PM Modi flagged off Katra-Srinagar Vande Bharat Express train service
The rail connectivity is part of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project
Regular train services to Kashmir expected to begin from September 2025
Reserve Bank of India Monetary Policy Decision
RBI Monetary Policy Committee cut repo rate by 50 basis points to 5.50 percent
This marks the third consecutive rate cut in 2025 (25 bps each in February and April)
Policy stance changed from ‘accommodative’ to ‘neutral’
Cash Reserve Ratio (CRR) reduced by 100 basis points from 4% to 3%
CRR reduction to be implemented in four tranches of 25 bps each starting September 2025
Expected to inject Rs 2.5 lakh crore liquidity into the banking system
Inflation forecast revised downward to 3.7% from earlier projection of 4% for FY26
GDP growth projections remain unchanged for second half of FY26
Legal and Administrative Developments
Karnataka High Court granted relief to Karnataka State Cricket Association (KSCA) officials in Bengaluru stampede case
Court imposed stay on punitive action against KSCA officials in the investigation
Congress Gujarat unit general secretary arrested for objectionable comments on Operation Sindur
Delhi CM Rekha Gupta received death threats, police investigation ongoing
Political Developments
Rahul Gandhi visited Bihar for the sixth time in five months
Gandhi met family members of Mountain Man Dashrath Manjhi during his visit
Criticized Nitish Kumar and BJP for allegedly making Bihar a “crime capital”
International Events
Middle East Developments
Israeli PM Benjamin Netanyahu acknowledged government’s involvement in arming criminal gangs in Gaza
Gaza Humanitarian Foundation suspended aid distribution citing safety concerns
World Health Organization called for halt to systematic destruction of hospitals in Gaza
Fourth journalist killed following Israeli attack on Al-Ahli Baptist Hospital
Total journalist casualties in Gaza reached 226 since October 2023
United States Policy Actions
US imposed sanctions on four International Criminal Court (ICC) judges
Sanctions target judges from Benin, Peru, Slovenia, and Uganda
Action taken in response to ICC’s investigation into alleged Israeli war crimes
European Union expressed support for ICC and condemned US sanctions
Trump administration considering major restructuring of State Department
Proposed changes include consolidation or elimination of over 3,400 staff positions
Bangladesh Political Update
Interim government chief Mohammad Yunus announced elections for first week of April 2026
Announcement has reignited political tensions in Bangladesh
Economic and Banking News
Interest Rate Impact
Bank lending rates expected to decrease following RBI’s repo rate cut
Home loan EMIs likely to reduce, benefiting borrowers
External benchmark-based lending rates (EBLRs) to be adjusted by banks
Marginal Cost of Funds-based Lending Rates (MCLR) expected to decline
Bank Holiday Information
Banks closed in Kerala on 06.06.2025 for Eid al-Adha (Bakrid)
Most banks across India closed on 07.06.2025 for Bakrid celebrations
Digital banking services remained operational throughout the holiday period
Next RBI MPC meeting rescheduled to August 4-6, 2025 from earlier August 5-7, 2025
Sports News
Cricket Updates
Indian cricket team departed from Mumbai airport for England tour
Five-match Test series part of 2025-27 World Test Championship cycle
KL Rahul scored brilliant century (116 off 168 balls) for India A against England Lions
Dhruv Jurel contributed 52 runs in the unofficial Test match
India A reached 319 for 7 in 83 overs on rain-affected first day
Match being played in Northampton as preparation for main series
Team India Coaching Staff Comments
Coach Gautam Gambhir commented on crowd control issues following Bengaluru stampede
Emphasized need for better crowd management during cricket celebrations
Stated that celebrations should be avoided if proper crowd control cannot be ensured
Important Dates and Observances
Religious Observances
Eid al-Adha (Bakrid) celebrated across India on 06.06.2025 and 07.06.2025
Nirjala Ekadashi observed on 06.06.2025
Day of Arafah marked on 05.06.2025
International Observances
D-Day Anniversary commemorated on 06.06.2025
World Food Safety Day observed on 07.06.2025
Health and Safety Updates
COVID-19 Situation
Delhi reported 30 new COVID-19 cases, bringing active cases to 592
Seven deaths recorded in Delhi since January 1, 2025
No new deaths reported in the past 24 hours
Kerala remains the most affected state followed by Gujarat, West Bengal, and Delhi
Total active cases across India stand at 5,364
Security Operations
Security forces engaged in encounter with armed cadres in Arunachal Pradesh
Incident occurred in Longding district along Indo-Myanmar border
Armed groups forced to flee across border following effective retaliation
Competitive Exam Relevant Points
Key Appointments and Positions
Sanjay Malhotra serving as RBI Governor
Current MPC composition includes three external and three internal members
External members: Saugata Bhattacharya, Dr Nagesh Kumar, Professor Ram Singh
Important Dates for 2025
Remaining RBI MPC meetings: August 4-6, September 29-October 1, December 3-5, February 4-6 (2026)
ICC investigation ongoing against Israeli officials
Bangladesh elections scheduled for April 2026
Banking Sector Key Points
Repo rate now at 5.50% (lowest in nearly three years)
Reverse repo rate unchanged at 3.35%
Bank rate and MSF rate at 5.75%
Standing Deposit Facility rate at 5.25%
CRR reduction from 4% to 3% in phases
This comprehensive current affairs update covers major national and international developments from 06.06.2025, providing essential information for competitive exam preparation including banking, SSC, UPSC, and other government examinations.
