National News and Government Updates
Banking and Financial Sector Developments
RBI announced a significant 50 basis points reduction in repo rate to 5.50% during June 2025 monetary policy meeting, marking the second bi-monthly policy statement for FY26
The policy stance was changed back to ‘neutral’ from accommodative, with Standing Deposit Facility rate at 5.25% and Marginal Standing Facility rate at 5.75%
RBI emphasized commitment to provide sufficient liquidity to banking system with 100 basis points CRR reduction backing this intent
Union Finance Minister Nirmala Sitharaman chaired Annual Review Meeting with Managing Directors and CEOs of Public Sector Banks in New Delhi
RBI reported India recorded Current Account Surplus of USD 13.5 billion in Q4 FY25, showing strong economic fundamentals
RBI penalized four cooperative banks for regulatory non-compliance as part of ongoing supervision activities
Instifi Fintech secured RBI license to operate as Payment Aggregator, expanding digital payment ecosystem
HDFC Mutual Fund purchased 0.65% stake in Sundram Fasteners for Rs 137 crore, indicating institutional investment activity
Government Schemes and Policy Announcements
Ministry of Road Transport and Highways mandated Anti-lock Braking System for all two-wheelers from January 1, 2026, enhancing road safety measures
Sugamya Bharat App was revamped to enhance accessibility for Divyangjan and elderly citizens, promoting digital inclusion
Union Minister Pralhad Joshi inaugurated 5 GWh Battery Energy Storage System manufacturing facility in Bengaluru, boosting renewable energy infrastructure
MEPZ SEZ and C-DAC signed MoU to bridge digital skill gap, supporting technology workforce development
Union MoS Jayant Chaudhary unveiled report on “Skills for the Future: Transforming India’s Workforce Landscape”
UP’s Salkhan Fossils Park was added to UNESCO’s Tentative List of World Heritage Sites, recognizing geological heritage
Infrastructure and Development Projects
NHAI developed India’s first wildlife corridor on Delhi-Mumbai Expressway in Rajasthan, balancing development with conservation
Ministry of Housing and Urban Affairs launched ‘SABB Campaign’ under Swachh Bharat Mission for urban cleanliness
Kerala’s Aralam Wildlife Sanctuary became India’s first butterfly sanctuary, promoting biodiversity conservation
Union Minister Sarbananda Sonowal inaugurated India’s first Maritime NBFC, Sagarmala Finance Corporation Limited
10 years of AMRUT program celebrated as decade of urban transformation in India
Education and Academic Updates
UGC NET June 2025 examination commenced with tests held on June 25, 26, 27, 28, and 29
Staff Selection Commission released SSC Calendar 2025-26 with detailed exam schedule for various competitive examinations
Maharashtra government made Hindi language mandatory as third language for classes 1 to 5 in Marathi and English medium schools
UGC granted Letter of Intent to leading foreign universities from UK, USA, Australia, and Italy to establish campuses in India
International News and Global Affairs
United States Political Developments
President Trump conducted press briefing on June 27, 2025, addressing various policy matters and upcoming legislative agenda
Senate Republicans pushed forward Trump’s sweeping tax cut and spending bill in marathon weekend session
Congressional Budget Office estimated the bill would add $3.3 trillion to nation’s debt over decade
Trump emphasized importance of July 4th deadline for tax legislation, warning of 68% tax increase if bill fails
US markets showed strong performance with S&P 500 and Nasdaq hitting record closing highs
China and Asia-Pacific Updates
Severe flooding in China’s Guizhou province forced evacuation of over 80,000 people with at least six fatalities reported
Eight-year-old girl survived seven hours in flooded sewer after being swept away in China floods, highlighting rescue efforts
China invited President Trump to September military parade marking 80th anniversary of World War II end
Iran’s defense minister visited China for Shanghai Cooperation Organization conference, strengthening bilateral ties
Japanese markets gained 1.5% as Asia-Pacific indices showed positive momentum
European and Middle East Developments
NATO Summit was hosted by Netherlands from June 24-25, 2025, addressing security cooperation
European Union cleared several corporate acquisitions including XXL by Frasers Group and SkyNRG by APG and MGETS
SEBI tightened Related Party Transaction disclosure norms effective September 1, 2025, enhancing corporate governance
Iran-Israel ceasefire was reached after 12-day conflict, with US mediation playing key role
Hong Kong’s pro-democracy bloc virtually ended with last functioning party announcing dissolution
Sports and Entertainment Updates
Cricket and International Sports
India defeated England by 97 runs in first T20 of five-match series at Trent Bridge in Nottingham
Indian Grandmaster Praggnanandhaa clinched UzChess Cup Masters 2025, becoming India’s No.1 chess player
ICC approved new playing conditions for international cricket effective July 2025, including stop clock mandate in Test cricket
Inaugural Hockey Masters Cup 2025 saw Odisha Women and Tamil Nadu Men crowned champions
India won three gold medals at 2nd Asian Squash Doubles Championships 2025 in Malaysia
Badminton and Individual Sports
Tanvi Sharma advanced to US Open 2025 Badminton final with straight-games victory over Ukraine’s Polina Burhova
The 16-year-old from Hoshiarpur, Punjab, showcased rising Indian talent in international badminton
35 Americans represented at 138th Wimbledon Championships, maintaining strong tennis presence
Technology and Innovation
Smartphone and Tech Launches
OnePlus launched OnePlus 13s compact flagship on June 5, featuring Qualcomm Snapdragon 8 Elite chipset
Samsung Galaxy M36 5G launched in India on June 27 with price under Rs 20,000
Vivo T4 Ultra expected launch in first half of June with MediaTek Dimensity 9300 series processor
Infinix GT 30 Pro launched on June 3 at approximately Rs 25,000, targeting mobile gaming segment
Samsung launched new range of Bespoke AI digital appliances on June 25 with advanced smart features
Defense and Aviation Technology
India announced Super-30 program to modernize Su-30MKI fighter jet fleet with indigenous Virupaksha AESA radar
Safran established Rafale engine MRO facility in Hyderabad, supporting defense manufacturing
Italy’s iRonCub3 became world’s first jet-powered flying humanoid robot, advancing robotics
Indian Coast Guard inducted first Fast Patrol Vessel ‘Adamya’ under 08 FPV Project at GSL
Awards and Recognition
Civilian Honors and Achievements
Second Civil Investiture Ceremony for Padma Awards 2025 took place on May 27, with 69 personalities receiving honors
Ram Bahadur Rai awarded Padma Bhushan for outstanding contributions to journalism and literature
Total 139 Padma Awards approved for 2025, consisting of 7 Padma Vibhushan, 19 Padma Bhushan, and 113 Padma Shri Awards
Regional Cultural Center inaugurated renovated book shop and auditorium in Puri
Literary and Cultural Contributions
Indian cricketer Shikhar Dhawan debuted as author with release of his memoir
Jagadish Shukla’s book “A Billion Butterflies: A Life in Climate and Chaos Theory” was released
Various cultural programs and installations were inaugurated across different states
Economic and Market Updates
Stock Market Performance
GIFT Nifty indicated flat opening with futures trading 10 points higher at 25,750
Sensex closed up 303.03 points at 84,058.90, gaining 0.36% in previous session
Nifty gained 88.80 points to close at 25,637.80, up 0.35% for the day
BSE Midcap index rose 0.4% while smallcap index gained 0.5%
Bank Nifty index hit record high, closing above 57,400 for first time
Economic Indicators and Projections
India’s economic activity reached 14-month high in June 2025 driven by strong PMI data
HSBC Flash India Composite Output Index climbed to 61.0 in June from 59.3 in May
ICRA retained India’s FY26 GDP forecast at 6.2%, showing economic stability
Real GDP growth for 2025-26 projected at 6.5% with quarterly breakdowns provided
CPI inflation projected at 3.7% for FY 2025-26 with balanced risk assessment
Weather and Climate Updates
Monsoon and Seasonal Forecast
Indian Meteorological Department forecasted above-normal rainfall for June 2025 at over 108% of Long Period Average
Southwest Monsoon season expected to deliver 106% of LPA rainfall with model error of ±4%
Central India and South Peninsular region likely to receive above-normal rainfall
Maximum temperatures expected to be normal to below-normal across most of India
Minimum temperatures likely to remain above normal except in Central India and southern Peninsula
Regional Weather Patterns
June temperatures in India ranged from 28°C to 46°C across different regions
Northern India experienced relief from scorching heat as monsoon rains progressed
Southern India saw full monsoon swing with heavy rainfall and cooler temperatures
Weather conditions showed transition from intense heat to monsoon season onset
Regulatory and Legal Updates
Supreme Court and Judicial Matters
Supreme Court issued various orders and judgments on June 27, 2025, covering multiple legal matters
Latest orders included cases related to criminal appeals, civil matters, and constitutional issues
Court addressed various state-related disputes and individual petition matters
Banking and Financial Regulations
RBI issued master circulars on Prudential Norms for Income Recognition, Asset Classification, and Provisioning
New guidelines effective from April 1, 2025, consolidated all earlier instructions up to March 31, 2025
SEBI circular on Related Party Transaction disclosure norms to be implemented from September 1, 2025
Enhanced transparency requirements for listed entities regarding audit committee and shareholder approvals
This comprehensive daily current affairs update for 30.06.2025 provides essential information for competitive exam preparation across banking, SSC, UPSC, and other government examinations. The coverage includes national and international developments, economic indicators, policy changes, and sector-specific updates crucial for exam success.
