NATIONAL AFFAIRS Banking and Financial Sector Major Financial Changes Effective July 2025 Aadhaar verification becomes mandatory for new PAN card applications starting July 1, 2025 Cash Reserve Ratio (CRR) reduced by 100 basis points to support banking liquidity HDFC Bank implements 1% fee on monthly online gaming spends exceeding Rs 10,000 SBI revises Minimum Amount…
NATIONAL NEWS Prime Minister Modi’s International Tour Prime Minister Narendra Modi embarked on a significant three-nation diplomatic tour starting with Cyprus on June 15, 2025 This marks the first visit by an Indian Prime Minister to Cyprus in over two decades, since former PM Atal Bihari Vajpayee’s visit in 2002 The tour includes participation in…
National Affairs and Government Updates Banking and Financial Sector Developments RBI Monetary Policy Update: The Reserve Bank of India maintained its aggressive monetary stance with a significant 50 basis points repo rate cut, bringing the rate down from previous levels. The central bank also announced a 100 basis points reduction in Cash Reserve Ratio (CRR)…
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…
