NATIONAL AFFAIRS Banking and Financial Sector Developments Banking Laws Amendment Act 2025 Implementation: Key provisions of the Banking Laws (Amendment) Act, 2025 came into effect from August 1, 2025. The comprehensive legislation introduces 19 amendments across five major banking laws including the Reserve Bank of India Act 1934, Banking Regulation Act 1949, State Bank of…
Major Events Air India Flight Crash in Ahmedabad Air India Flight AI171, a Boeing 787 Dreamliner bound for London Gatwick, crashed shortly after takeoff from Sardar Vallabhbhai Patel International Airport in Ahmedabad The aircraft was carrying 242 passengers and crew members, including 169 Indian nationals, 53 British nationals, one Canadian, and seven Portuguese nationals The…
1. What is the new repo rate announced by RBI in June 2025? A) 5.25% B) 5.50% C) 5.75% D) 6.00% Answer: B) 5.50% 2. Which infrastructure project was inaugurated by PM Modi in Jammu & Kashmir? A) Mumbai-Ahmedabad Bullet Train B) Udhampur-Srinagar-Baramulla Rail Link C) Delhi-Meerut Expressway D) Chennai-Bengaluru Industrial Corridor Answer: B) Udhampur-Srinagar-Baramulla…
National News Headlines for 08.06.2025 Economic and Banking Developments RBI Monetary Policy Update: Reserve Bank of India reduced repo rate by 50 basis points from 6.00% to 5.50% during the 55th Monetary Policy Committee meeting held from June 4-6, 2025 Policy Stance Change: RBI shifted its policy stance from “Accommodative” to “Neutral,” indicating a data-dependent…
1. What significant development took place between India and Pakistan on 10 May 2025? A) Trade agreement B) Ceasefire agreement C) Joint military exercise D) Border opening Answer: B) Ceasefire agreement 2. Which Indian city saw the inauguration of Phase 2A of Metro Line 3, promising a one-ticket system across the region? A) Delhi B)…
National Affairs UK-India Free Trade Agreement Signed: Prime Minister Narendra Modi spoke with the UK Prime Minister on 06.05.2025, celebrating the landmark UK-India Free Trade Agreement announced yesterday. This agreement is expected to add billions to both economies and is the biggest trade deal the UK has secured since leaving the EU. Moody’s Cuts India’s…
