NATIONAL NEWS HIGHLIGHTS
Prime Minister Modi’s Mega Development Projects in Uttar Pradesh
PM Modi inaugurated and laid foundation stones for 15 mega development projects worth ₹47,600 crore in Kanpur, Uttar Pradesh
Flagged off Kanpur Metro’s new corridor between Chunniganj and Nayaganj stations covering 14 stations
Inaugurated 660 MW extension of Panki Thermal Power Plant worth over ₹8,300 crore
Opened three 660 MW units of Ghatampur Thermal Power Project valued at ₹9,330 crore
Launched 132 kV substations at Ecotech-8 and Ecotech-10 in Greater Noida worth ₹320 crore
Inaugurated 40 MLD tertiary treatment plant at Bingawan in Kanpur worth ₹290 crore
Distributed certificates and cheques to beneficiaries of PM Ayushman Vay Vandana Yojana, National Livelihood Mission, and PM Surya Ghar Muft Bijli Yojana
Operation Sindoor Updates
PM Modi emphasized that Operation Sindoor showcased India’s indigenous defense capabilities and Make in India strength
BrahMos missile played crucial role in precision strikes during the operation
PM outlined three clear principles in India’s fight against terrorism
Seven all-party delegations dispatched across continents to convey India’s zero-tolerance message against terrorism
Delegations traveled to Washington, Paris, Tokyo, Pretoria, and other global capitals
Supreme Court Judicial Appointments
Union government formally notified appointment of three new Supreme Court judges
Justice N.V. Anjaria, Chief Justice of Karnataka High Court
Justice Vijay Bishnoi, Chief Justice of Gauhati High Court
Justice A.S. Chandurkar, Judge of Bombay High Court
Appointments completed the Supreme Court’s sanctioned strength of 34 judges
New judges expected to be sworn in by Chief Justice Bhushan R. Gavai
Reserve Bank of India Annual Report 2024-25
RBI’s balance sheet expanded by 8.2% to ₹76.25 lakh crore
Record transfer of ₹2.69 lakh crore to central government for fiscal consolidation
RBI income increased by 27% due to higher global interest rates
Inflation moderated below 4% target in February and March 2025
Real GDP growth projected at 6.5% for 2025-26
Currency deposit ratio declined to 15.4% by March 2025
Central Bank Digital Currency (CBDC) reached ₹1,016 crore by March 2025
India’s external debt to GDP ratio at 19.1% in December 2024, lowest among emerging markets
Foreign Exchange Reserves Update
India’s forex reserves jumped by $6.99 billion to $692.72 billion during week ended May 23
Foreign currency assets increased by $4.516 billion to $586.167 billion
Gold reserves increased by $2.366 billion to $83.582 billion
Special Drawing Rights rose by $81 million to $18.571 billion
Reserve position with IMF increased by $30 million to $4.401 billion
Important MoU Signings
FPSB India and NPS Trust signed MoU to boost financial education and retirement planning awareness
State Bank of India signed MoU with Karnataka Digital Economy Mission to support Global Capability Centres
SBI opened India’s first Exclusive GCC Centre in Bengaluru
INTERNATIONAL NEWS HIGHLIGHTS – 30.05.2025
United Nations Financial Crisis
UN Secretariat preparing to cut $3.7 billion budget by 20%
Plans to slash approximately 6,900 jobs amid financial crisis
US owes nearly $1.5 billion in arrears and current fiscal year payments
Cuts would take effect January 1, 2026, start of next budget cycle
Secretary General Antonio Guterres considering massive organizational overhaul
Taylor Swift Music Rights
American singer-songwriter Taylor Swift announced reacquisition of rights to entire body of music
Regained master recordings of first six studio albums
Significant development in artist rights and music industry
African Development Bank Leadership
Mauritanian economist Sidi Ould Tah elected as new president
Major leadership change in African financial institution
G7 Summit Preparations
51st G7 summit scheduled for June 15-17, 2025, in Kananaskis, Alberta, Canada
Brazilian President Luiz Inácio Lula da Silva invited and expected to attend
Mexican President Claudia Sheinbaum previously invited but decision pending
First summit for several world leaders including British PM Keir Starmer
Global Disasters and Conflicts
Nigeria floods in Mokwa, Niger State: death toll rose to 117, thousands of homes destroyed
Indonesia quarry collapse in Cirebon, West Java: 10 killed, 12 injured, 6 missing
Mexican drug war: 9 alleged Los Metros cartel members arrested
Sudan drone strike: 6 killed, 15 injured in hospital attack
SPORTS NEWS HIGHLIGHTS – 30.05.2025
Asian Athletics Championships
India won 8 additional medals, taking total tally to 14 medals
Nandini, Gulveer, and 18-year-old Pooja won gold medals
Parul secured silver medal at the championships
Strong performance by Indian athletes in South Korea
Badminton Updates
Satwiksairaj Rankireddy and Chirag Shetty reached Singapore Open Super 750 semifinals
Only Indian winners in second round of Singapore Open
Duo advanced to face Malaysian world number 2 pair in quarterfinals
Boxing Achievements
Naman (90kg) and Anshul (90+kg) entered finals of Thailand Open
Tamanna (51kg), Priya (57kg), and Lalfakmawii (80kg) won bronze medals in semifinals
Tennis and Chess
Rohan Bopanna and partner Adam Pavlasek advanced in French Open men’s doubles
Gukesh defeated Caruana in ongoing chess competition
ECONOMIC AND BUSINESS HIGHLIGHTS – 30.05.2025
Digital Payment Growth
Unified Payments Interface (UPI) surpassed 13 billion transactions in single month in March 2024
Point of Sale terminals increased by 14.3% to 89 lakh
Bharat QR codes deployment increased by 16.1% to 62.5 lakh
RBI working with NPCI to expand UPI reach to 20 countries by 2028-29
Financial Sector Developments
Expected Credit Loss model adoption for asset classification
Review of loan rate frameworks and prudential guidelines
National Strategy for Financial Inclusion 2025-30 under development
Enhanced focus on CBDC expansion and financial inclusion
Currency Management Reforms
RBI ceased printing ₹2, ₹5, and ₹2,000 denomination notes
98.2% of ₹2,000 notes returned to banks by March 2025
₹500 note comprises 40.9% of all notes and 86% of circulation value
Sa-Mudra project for digitizing currency management advanced
