National News
RBI Cuts Repo Rate to 6%:
The Reserve Bank of India reduced the repo rate by 25 basis points to 6% to boost economic growth. GDP is projected to grow at 6.5% for FY 2025–26.
The central bank shifted its policy stance to “accommodative,” signaling potential future rate cuts.
Amit Shah Inaugurates Projects in Gujarat:
Union Home Minister Amit Shah launched development projects worth ₹708 crore in Gandhinagar. He emphasized India’s strengthened security under PM Modi, referencing retaliatory measures post-Pahalgam terror attack.
Free Entry to ASI Monuments on International Museum Day:
The Archaeological Survey of India announced free entry to all ASI-protected monuments and museums on 18.05.2025 to celebrate International Museum Day.
INI CET 2025 Exam Conducted:
The AIIMS-conducted INI CET 2025 exam for July session took place on 17.05.2025 across 130 test centers. Results will be declared on 24.05.2025.
Banking Updates:
Banks remained open on 17.05.2025 (third Saturday). Upcoming closures include 24.05.2025 (fourth Saturday) and 26.05.2025 (Kazi Nazrul Islam’s birthday in Agartala).
International News
Israel-Hamas Ceasefire Talks Resume:
Negotiations resumed in Qatar after Israel launched a major offensive in Gaza. Discussions include a proposed 2-month truce and hostage release.
Ukraine Strikes Russian Ammunition Depot in Crimea:
Ukrainian drones targeted a Russian military depot in Perevalne, causing explosions and disrupting logistics. Russia blocked traffic on the Simferopol-Alushta highway.
Pope Leo XIV’s Inauguration:
Deputy Rajya Sabha Chairman Harivansh led India’s delegation to the Vatican for Pope Leo XIV’s installation. PM Modi praised the Pope’s commitment to global peace.
Trump’s Middle East Deals:
Former US President Donald Trump signed $200 billion agreements with the UAE and secured $600 billion Saudi investments during his tour. Critics raised concerns over conflicts of interest.
UK’s New Investor Visa Plan:
The UK announced a visa scheme to attract wealthy investors for economic recovery, focusing on critical sectors like technology and infrastructure.
Sports News
Praggnanandhaa Wins Superbet Classic Chess Title:
Indian Grandmaster R. Praggnanandhaa clinched his first Grand Chess Tour victory in Bucharest, defeating Maxime Vachier-Lagrave and Alireza Firouzja in tiebreakers.
IPL 2025 Resumes Amid Rain Delays:
Kolkata Knight Riders (KKR) were eliminated after their match against Royal Challengers Bengaluru (RCB) was washed out. Virat Kohli is 33 runs away from becoming the fastest Indian to 12,000 T20 runs.
Delhi Capitals’ Squad Update:
Faf du Plessis and Tristan Stubbs rejoined Delhi Capitals ahead of their match against Gujarat Titans. The team aims to address bowling concerns post-India-Pakistan conflict disruptions.
Economic Updates
RBI’s FY25 Dividend Surge:
The RBI may transfer ₹3 lakh crore to the government in FY25, a 50% increase from FY24, driven by higher income and controlled provisions.
India’s Export Growth:
Engineering, agriculture, pharma, and electronics sectors contributed over 50% of India’s merchandise exports in FY 2024–25, totaling $437.42 billion.
India-UK Trade Projections:
Bilateral trade is expected to grow 15% annually post-FTA, boosting manufacturing and economic cooperation by 2030.
Important Days & Observances
17.05.2025: World Telecommunication Day, World Hypertension Day, Armed Forces Day (Third Saturday).
18.05.2025: World AIDS Vaccine Day, International Museum Day.
Key Takeaways for Competitive Exams
RBI’s repo rate decisions impact inflation, lending rates, and economic growth (relevant for RBI Grade B, UPSC).
Operation Sindoor and India’s defense budget hike (₹50,000 crore) are critical for CAPF and CDS exams.
INI CET and IPL 2025 updates feature in general awareness sections.
International Museum Day links to cultural heritage topics for SSC and state exams.
