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Banking and Financial News RBI and Banking Updates Banks in Shillong remain closed on 14.07.2025 for Beh Deinkhlam festival All other cities across India have normal banking operations Digital banking services continue to operate normally despite physical branch closure in Shillong RBI fines HDFC Bank and Shriram Finance for regulatory violations Public Sector Banks planning…
Question 1 Which state’s Chief Minister rejected the proposed ’50-50′ formula for power sharing? A) Kerala B) Karnataka C) Tamil Nadu D) Andhra Pradesh Answer: B) Karnataka Explanation: Karnataka Chief Minister Siddaramaiah rejected the proposed ’50-50′ formula for power sharing, stating clearly that there is no vacancy for the CM position in the state. Question…
NATIONAL NEWS Political and Administrative Updates Karnataka CM Siddaramaiah Denies Leadership Change – Karnataka Chief Minister Siddaramaiah rejected the proposed ’50-50′ formula for power sharing, stating clearly that there is no vacancy for the CM position in the state Vadodara Bridge Collapse Tragedy – The death toll from the Vadodara bridge collapse has risen to…
NATIONAL NEWS Major Headlines PM Modi Concludes Historic Brazil Visit: Prime Minister Narendra Modi concluded his five-nation tour after attending the 17th BRICS Summit in Rio de Janeiro, Brazil. India has taken over the BRICS presidency for 2026, with PM Modi announcing the theme “Building Resilience and Innovation for Cooperation and Sustainability” India Achieves SDG…
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 CURRENT AFFAIRS – 06.07.2025 Political and Administrative Updates Parliament Monsoon Session Extended: The Monsoon Session of Parliament has been extended from July 21 to August 21, 2025, instead of the earlier scheduled conclusion on August 12. The session will have a two-day break on August 13-14 for Independence Day preparations. National Sports Policy 2025…
Introduction to Gaganyaan Mission Gaganyaan represents India’s most ambitious space endeavor – the nation’s first human spaceflight program that will make India the fourth country to independently send humans to space. The term “Gaganyaan” derives from Sanskrit words “gagana” meaning celestial and “yana” meaning craft or vehicle, literally translating to “sky craft” or “celestial vehicle.”…
National Affairs Cabinet Approvals and Government Decisions Union Cabinet chaired by Prime Minister Narendra Modi approved several key proposals on 25.06.2025, marking significant policy developments Government approved the establishment of South Asia regional centre of Lima (Peru) based International Potato Centre at Singna, Agra in Uttar Pradesh Cabinet Committee on Economic Affairs (CCEA) approved the…
National News International Yoga Day 2025 The 11th International Day of Yoga is being celebrated today (21.06.2025) with the theme “Yoga for One Earth, One Health,” highlighting the connection between individual well-being and planetary health. Prime Minister Narendra Modi is leading the national event from Visakhapatnam, Andhra Pradesh, with over 3 lakh participants joining him…
National News Updates Economic and Banking Developments RBI Monetary Policy Impact: The Reserve Bank of India’s recent monetary policy decision in June 2025 has significantly impacted the banking sector, with the repo rate being cut by 50 basis points to 5.50 percent, marking a substantial change from the previous accommodative stance to neutral. Digital India…
