National News Updates
Economic and Banking Developments
RBI Monetary Policy Impact: The Reserve Bank of India’s recent monetary policy decision in June 2025 has significantly impacted the banking sector, with the repo rate being cut by 50 basis points to 5.50 percent, marking a substantial change from the previous accommodative stance to neutral.
Digital India Milestone: The Government of India celebrated 11 years of the Digital India initiative in June 2025, highlighting that the digital economy now contributes 11.74 percent to the national income in 2022-23 and is projected to grow to 13.42 percent by 2024-25.
Air India Operations Disrupted: Air India cancelled 66 Boeing 787 flights following the tragic Ahmedabad crash, with technical snags and safety inspections affecting several international routes including Delhi-Paris and Ahmedabad-London services.
Supreme Court Banking Related Decisions: The Supreme Court made several important rulings affecting the financial sector, including decisions on property registration requirements and security provisions for high-profile individuals.
State Government Initiatives
Arunachal Pradesh Hydropower Declaration: The state cabinet declared 2025-2035 as the ‘Decade of Hydropower’ to harness 58,000 MW of electricity generation potential, with investments exceeding Rs 2 lakh crore expected over the next decade.
Telangana Cow Protection Policy: Chief Minister Revanth Reddy announced the formation of a panel for establishing cow shelters and developing a comprehensive cow protection policy.
Kerala Fake Drug Case: Ongoing investigation into the 2023 fake drug case continues to unfold with family members of the accused woman coming under police scrutiny.
Legal and Judicial Updates
Supreme Court Weekly Highlights: The apex court handled multiple significant cases including Tamil Nadu’s suit against the Centre for education funds worth Rs 2291 crores under the Samagra Shiksha Scheme.
NEET UG 2025 Developments: The Supreme Court dismissed petitions challenging the National Testing Agency’s practice of publishing final answer keys after result declaration.
Preventive Detention Guidelines: The Supreme Court emphasized that preventive detention cannot be used as a substitute for bail cancellation, setting important legal precedents.
International News Updates
Middle East Crisis
Israel-Iran Conflict Escalation: The ongoing Iran-Israel War that began on June 13, 2025, has intensified with Israel’s Operation Rising Lion targeting Iranian nuclear facilities and military installations, while Iran retaliated with Operation True Promise III.
G7 Summit Developments: The G7 leaders’ summit in Kananaskis, Canada, focused heavily on the Israel-Iran conflict, with leaders calling for de-escalation while President Trump cut short his visit due to the Middle East crisis.
Nuclear Facility Strikes: Israeli airstrikes successfully targeted Iran’s Natanz nuclear facility and damaged Isfahan’s uranium conversion facility, though the underground Fordow Fuel Enrichment Plant remained intact.
Global Economic Developments
BRICS Expansion: Vietnam officially joined BRICS as the 10th partner country on June 13, 2025, marking a significant milestone in the bloc’s expansion and Vietnam’s foreign policy diversification strategy.
UK-US Trade Relations: British Prime Minister Keir Starmer and US President Donald Trump signed elements of a trade deal at the G7 summit, focusing on reducing tariffs on key British exports.
Bank of Japan Policy: The Bank of Japan maintained its benchmark rate at 0.5 percent while announcing plans to reduce monthly bond purchases from next fiscal year.
International Organizations
ILO Conference 2025: The 113th International Labour Conference held in Geneva from June 2-13, 2025, concluded with historic adoption of first international labour standards focused on preventing workplace exposure to biological hazards.
UN General Assembly Decision: The United Nations General Assembly declared 2026 as the International Year of the Woman Farmer, recognizing the crucial role of women in global agriculture and food security.
SIPRI Nuclear Report: The Stockholm International Peace Research Institute reported that India expanded its nuclear arsenal from 172 to 180 warheads as of January 2025, maintaining its nuclear advantage over Pakistan.
Sports News Updates
International Shooting
ISSF World Cup Munich Success: India secured third place at the ISSF World Cup in Munich, Germany, with four medals including two gold and two bronze, finishing behind China and Norway in the overall medal tally.
Medal Winners Performance: Suruchi Inder Singh won gold in Women’s 10m Air Pistol, while Arya Borse and Arjun Babuta clinched gold in Mixed 10m Air Rifle event.
Prize Money Structure: Each gold medalist received 5,000 Euros, silver medalists 4,000 Euros, and bronze medalists 2,000 Euros at the Munich event.
Cricket Developments
India vs England Test Series: Harshit Rana was added to India’s 18-man squad for the upcoming England Test series, strengthening the fast bowling lineup for the Leeds Test.
ICC Format Changes: The International Cricket Council prepared for 4-day Test matches in the new 27-29 World Test Championship cycle, with India and Australia leading the implementation charge.
Hockey Updates
Masters Cup Launch: The inaugural Hockey India Masters Cup 2025 began on June 18 in Chennai, featuring competitions for veteran players aged 40 and above for men and 35 and above for women.
Tournament Format: The competition follows a league-cum-knockout format with teams structured based on final participation numbers from various state units.
Business and Market Updates
Stock Market Performance
Market Volatility: Indian equity indices faced volatility on June 17, with Sensex closing down 212.85 points at 81,583.30 and Nifty falling 93.10 points to 24,853.40 due to Middle East tensions.
Sectoral Performance: The pharma sector declined 2 percent after reports of potential US tariffs, while IT sector gained 0.72 percent, making it the best performing sector.
GIFT Nifty Trends: Early trends on June 18 indicated a flat to negative opening for Indian markets, with GIFT Nifty showing a loss of 31 points or 0.12 percent.
Corporate Developments
SEBI Market Actions: The Securities and Exchange Board of India restrained former IIFL director Sanjiv Bhasin from markets due to stock manipulation charges.
Railway Infrastructure: Union Minister Vaishnaw inaugurated the largest automobile in-plant railway siding in Manesar to increase car loading capacity in Railways.
MSC Bank Innovation: MSC Bank launched India’s first Cyber Security Operations Center (C-SOC) specifically designed for cooperative banks.
Aviation Sector Updates
Air India Crisis Management
Flight Cancellation Impact: Following the Ahmedabad crash, Air India implemented comprehensive safety checks resulting in multiple international flight cancellations affecting thousands of passengers.
Technical Issues: Flight AI 315 from Hong Kong to Delhi was forced to return due to mid-flight technical glitches, while AI 180 from San Francisco to Mumbai was grounded in Kolkata.
Safety Protocols: The airline introduced enhanced pre-flight safety inspections and additional maintenance checks across its Boeing 787 Dreamliner fleet.
Airport Operations
Delhi Airport Disruptions: Heavy rains in Delhi led to 14 flight diversions and caused significant traffic snarls and waterlogging throughout the city.
Emergency Procedures: IndiGo flight 6E 2706 made an emergency landing in Nagpur following a bomb threat, though preliminary investigations found no suspicious activity.
Technology and Innovation
Digital Infrastructure
AI Development Focus: The digital economy’s growth trajectory emphasizes artificial intelligence, cloud computing, and enhanced digital infrastructure as key drivers for future expansion.
Rural Connectivity: Mobile network coverage expansion and improved internet access in rural regions continue to strengthen India’s digital foundation.
E-Governance Evolution: The Digital India initiative has evolved from basic e-governance programs of the mid-1990s into a comprehensive digital transformation framework.
Space and Defense
China’s Satellite Launch: China launched the ‘Zhangheng 1-02’ satellite to enhance natural disaster monitoring capabilities, representing advancement in space-based earth observation systems.
Indian Coast Guard: Garden Reach Shipbuilders launched the 5th Fast Patrol Vessel ‘Achal’ for the Indian Coast Guard, strengthening maritime security infrastructure.
Educational and Cultural Updates
Academic Achievements
University Expansion: The University of Aberdeen received approval to establish its first Indian campus in Navi Mumbai, expanding international educational opportunities.
Academic Collaboration: Punjab University and the Research and Information System signed an MOU to strengthen academic-policy collaboration frameworks.
Cultural Celebrations
World Crocodile Day: Observed on June 17, 2025, with the theme “Connecting crocodiles and communities,” highlighting Odisha’s 50th anniversary of crocodile conservation programs.
Global Yoga Summit: The Ministry of AYUSH hosted the Global Yoga Connect 2025 Summit in Delhi, promoting international yoga practices and wellness initiatives.
Environmental and Climate Updates
Conservation Efforts
Green India Mission: The Centre announced a revised plan focusing on Aravalli and Western Ghats restoration as part of environmental conservation priorities.
Wildlife Protection: World Crocodile Day celebrations emphasized the importance of crocodile conservation, with Odisha marking 50 years of successful conservation programs.
Climate Initiatives
Ocean Conference: The 3rd United Nations Ocean Conference held from June 9-13, 2025, in Nice, France, addressed critical marine conservation and sustainable ocean management issues.
Wildfire Management: The G7 summit introduced the Kananaskis Wildfire Charter to address increasing global wildfire challenges and coordinate international response efforts.
Banking Exam Relevant Updates
Monetary Policy Implications
Interest Rate Changes: The 50 basis points repo rate cut affects lending rates across all banks, impacting loan affordability and deposit returns for consumers.
Banking Sector Impact: The neutral stance adoption by RBI signals balanced approach toward growth and inflation management in the current economic environment.
Liquidity Management: The 100 basis points CRR reduction demonstrates RBI’s commitment to maintaining adequate banking system liquidity.
Regulatory Changes
Financial Stability Measures: RBI Governor emphasized financial stability challenges amid global spillover effects and technological innovations including AI implementation.
Credit Growth Projections: GDP growth projections at 6.5 percent for 2025-26 indicate moderate credit expansion opportunities for banking institutions.
Competitive Exam Updates
June Examination Schedule: Multiple competitive examinations including RRB NTPC, NEET UG, and UGC NET are scheduled throughout June 2025, affecting millions of aspirants.
Result Declarations: Various examination results and recruitment notifications continue to impact the competitive examination landscape for banking and government job aspirants.
This comprehensive update covers all major national and international developments relevant for banking and competitive examination preparation, providing candidates with essential current affairs knowledge for their upcoming examinations.
