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NATIONAL
MoSJE partners with UNDP
⇢ The Ministry of Social Justice and Empowerment (MoSJE) has signed a Letter of Agreement
(LoA) with UNDP.
⇢ The agreement aims to recognise and strengthen the contribution of wastepickers in waste
collection, recovery and recycling.

New manufacturing initiative in IITH

⇢ IIT Hyderabad and Deakin University, Australia have jointly launched the 'Advanced
Manufacturing Research Innovation and Training (AMRIT)' initiative.
⇢ The initiative aims to promote next-generation manufacturing technologies, innovation, and
workforce development.

Corporate Bhawan in Kolkata

⇢ Union Minister Nirmala Sitharaman has inaugurated the ‘Corporate Bhavan’ in New Town,
Kolkata.
⇢ The 7-storey building, built at a cost of ₹150.43 crore, has a built-up area of 13,239 sq m.
⇢ She also launched the first ‘Prime Minister Internship Scheme (PMIS) Facilitation Centre’ on
the 7th floor of the building.
⇢ The Ministry of Corporate Affairs (MCA) CII PMIS Centre, a joint initiative of MCA and
Confederation of Indian Industry (CII), aims to connect youth (aged 21-24) with internships offered
by companies.

Enforcement Directorate Foundation Day

⇢ Union Minister of State Pankaj Chaudhary presided over the 69th Foundation Day of the
Directorate of Enforcement (ED) in New Delhi.
⇢ The ED has initiated 5,113 new PMLA investigations between 2014 and 2024 (more than 500
cases per year).
⇢ The value of assets provisionally attached stood at ₹1.54 lakh crore as of March 2025.
⇢ 333 prosecution complaints were filed last year, taking the total number of cases under trial
to 1,739 as of March 2025.
⇢ Abhishek Goyal, the former Special Director of the ED, was awarded the President’s Medal for
Meritorious Service on Independence Day 2024 for his exemplary investigation work.

I4C authorized to exchange information

⇢ The Department of Revenue (DoR), under the Ministry of Finance (MoF), has authorised the
Indian Cyber Crime Coordination Centre (I4C) to share information with the Enforcement
Directorate (ED), MoF under Section 66 of the Prevention of Money Laundering Act, 2002 (PMLA).
⇢ The I4C was established in 2018, to detect money trails and combat cyber fraud.

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Statue of Bodofa Upendranath Brahma unveiled

⇢ Union Minister Amit Shah has unveiled a statue of Bodofa Upendranath Brahma in New Delhi
and named a Road and Rotary after him, commemorating his 35th death anniversary.
⇢ He stated that 96% of the issues mentioned in the Bodo Accord have been addressed and the
remaining issues will be resolved soon.

Funds raised through Green Municipal Bond

⇢ Ghaziabad Nagar Nigam in Uttar Pradesh has raised ₹150 crore through India’s first certified
Green Municipal Bond (GMB) under the Swachh Bharat Mission-Urban (SBM-U) 2.0 scheme.
⇢ The bond, listed on the BSE Bond platform, was issued with an annual coupon rate of 8.1%.
⇢ The funds will be used to construct a 40 MLD (Million Liters per Day) Tertiary Sewage
Treatment Plant (TSTP) in Ghaziabad.
⇢ The project will be developed under the Hybrid Annuity Model (HAM), with 40% funding from
the municipality and 60% from private partners.

ECMS guidelines and portal launched

⇢ Union Minister Ashwini Vaishnaw has launched the guidelines and portal for the Electronics
Component Manufacturing Scheme (ECMS).
⇢ The scheme, with an outlay of ₹22,919 crore (from FY26 to FY32), aims to promote domestic
manufacturing, large-scale investments, and connect Indian firms with Global Value Chains (GVC).
⇢ India aims to achieve $300 billion worth of domestic electronics production by 2026 and $500
billion by 2030-31.
⇢ The target segments are divided into 4 segments.
⇢ Incentives are provided in 3 forms.
⇢ FY25 will be considered as the base year for calculating turnover-linked incentives.

DoP and SBIFM partnership

⇢ The Department of Posts (DoP) has partnered with SBI Funds Management Ltd to provide
doorstep KYC verification services to the investors of SBI Mutual Fund.

Coastal States Fisheries Meet 2025

⇢ Union Minister Rajiv Ranjan Singh chaired the “Coastal States Fisheries Meet: 2025” held in
Mumbai, Maharashtra.
⇢ Fisheries projects worth ₹255 crore initiated under Pradhan Mantri Matsya Sampada Yojana
(PMMSY).
⇢ 5th Marine Fisheries Census Operations (MFC 2025) launched for digital data collection.
⇢ Guidelines on Turtle Excluder Device and Standard Operating Procedure for Vessel
Communication & Support System released.
⇢ Technology & Digital Innovations
▪ VyAS-NAV Mobile App launched for geo-referenced data collection by ICAR-CMFRI.
▪ Tablets distributed with Digital Application VyAS-NAV for enhanced efficiency.
5th Marine Fisheries Census (MFC 2025)
▪ Covers 1.2 million fisher households across 3,500 villages in 9 coastal states.
▪ Runs from April 2025 to December 2025.
▪ ICAR-CMFRI serves as the nodal agency implementing the census.
⇢ Smart devices used for data collection reducing manual errors and improving validation.

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Aqua Insurance under PM-MKSSY

▪ First-ever Aqua Insurance awarded under Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana
(PM-MKSSY).
▪ Covers 40% of insurance premium (₹1 lakh per farmer for 1800 cubic meters of aquaculture).
▪ Additional 10% incentive for SC, ST, and women beneficiaries.
▪ Insurance covers one crop cycle, mitigating risks from natural calamities and diseases.
▪ Total pond area insured: 19.41 Ha, with a one-time incentive of ₹2.34 lakh.
▪ Beneficiaries from Tamil Nadu and Andhra Pradesh received awards.
Pradhan Mantri Matsya Sampada Yojana (PMMSY)
▪ Implemented by Department of Fisheries (DoF), MoFAH&D to promote sustainable fisheries
development.
▪ Budget: ₹20,050 crore (FY 2020-21 to FY 2024-25).
▪ Union Budget 2025-26: ₹2,465 crore allocated for PMMSY.
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)
▪ Sub-scheme under PMMSY supporting micro and small enterprises.
▪ ₹6,000 crore allocated for 4 years (FY 2023-24 to FY 2026-27).

Bio-Input Resource Centres

⇢ The Ministry of Agriculture and Farmers’ Welfare (MoA&FW) has issued guidelines for
setting up Bio-Input Resource Centres (BRCs) under the National Mission on Natural Farming
(NMNF).
⇢ The initiative aims to promote chemical-free natural farming by empowering cluster-level
enterprises to produce and distribute natural farming inputs locally.
⇢ A financial aid of ₹1 lakh will be provided for each BRC.
⇢ The NMNF was launched on November 25, 2024 as a Centrally Sponsored Scheme (CSS), under
Ministry of Agriculture & Farmers’ Welfare(MoA&FW) to reduce dependence on chemical inputs,
promote low-cost, sustainable farming, and enhance soil health.
⇢ The scheme has a total outlay of ₹ 2,481 crores.

Updated data on Indias coastline length

⇢ The Survey of India (SoI) has updated India’s coastline length to 11,098.81 km from 7,516.60
km.
⇢ It increased nearly by 50%.
⇢ Gujarat has the longest coastline among states, and Goa has the shortest coastline among states.
⇢ Andaman & Nicobar (A&N) Islands have the longest coastline among UTs, and Puducherry
has the shortest coastline among UTs.
Survey of India (SoI):
▪ Surveyor General of India – Hitesh Kumar S. Makwana
▪ Headquarters – Dehradun (Uttarakhand)
▪ Established in – 1767

Aadhaar authentication crosses 2707 crore

⇢ Aadhaar authentication transactions have crossed 2,707 crore in FY25, including 246.75
crore in March 2025 alone.
⇢ Since its inception, Aadhaar authentication transactions have crossed 14,800 crore.
⇢ The Unique Identification Authority of India (UIDAI) has received the Prime Minister’s
Award for Excellence in Public Administration under the Innovation category for UIDAI’s Face
Authentication modality.

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YUGM Innovation Conclave

⇢ PM Narendra Modi addressed the “YUGM: Uniting Academia, Industry, and Innovators for
Viksit Bharat” Innovation conclave.
⇢ It was organised by the Ministry of Education (MoE) in collaboration with the Wadhwani
Foundation at Bharat Mandapam, New Delhi.
⇢ He stated that the gross expenditure on Research and Development (R&D) has doubled from
₹60,000 crore in 2013-14 to over ₹1.25 lakh crore in 2023-24.
⇢ He highlighted that “The Trinity of Talent, Temperament and Technology will transform
India’s future”.
⇢ He mentioned initiatives such as Atal Tinkering Labs (ATL), with 10,000 labs already
operational and 50,000 announced, to provide early exposure to children.
⇢ During the event, the Anusandhan National Research Foundation (ANRF) and the
Wadhwani Foundation exchanged the Letter of Intent (LoE).

Greenfield High-Speed Corridor approved

⇢ The Union cabinet has approved the proposal for the Development, Maintenance and
Management of Greenfield High-Speed Corridor along the National Highway-06 from
Mawlyngkhung in Meghalaya to Panchgram in Assam.
⇢ The 166.8 km long four-lane, access-controlled Greenfield expressway will be developed
under the Hybrid Annuity Model (HAM).
⇢ The estimated cost of the project is ₹22,864 crore.

NIELIT signs MoUs

⇢ The National Institute of Electronics and Information Technology (NIELIT) has signed
MoUs with 8 organisations to promote the Digital India mission.
▪ Semi-Conductor Laboratory (SCL),
▪ ERNET India,
▪ National Institute of Solar Energy (NISE),
▪ Amrita Vishwa Vidyapeetham,
▪ SKYROOT Aerospace,
▪ Institute for Financial Management and Research (IFMR)
▪ Kyndryl India.
⇢ The MoUs aim to improve education, skilling, research, and innovation in Electronics and IT.

MoU with Swiggy Instamart

⇢ The Ministry of Cooperation has signed an MoU with Swiggy Instamart to list cooperative dairy
and organic products on its e-commerce and quick-commerce platforms.

CBIC streamlines GST registration

⇢ The Central Board of Indirect Taxes and Customs (CBIC) has issued new instructions to
streamline the Goods and Services Tax (GST) registration process.
⇢ As per the instructions:
▪ GST registration must be granted within 7 working days if the application is complete and not
flagged as risky.
▪ If an application is flagged as risky or Aadhaar authentication fails, registration will be granted
within 30 days, after physical verification.

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Shipbuilding policy by Maharashtra

⇢ Maharashtra became the first Indian state to introduce a dedicated policy for the maritime
manufacturing sector, named the ‘Shipbuilding, Ship Repair and Ship Recycling Policy 2025’.
⇢ The policy aims to attract investments worth ₹6,600 crore by 2030 and ₹18,000 crore by 2047.
⇢ Financial incentives under the policy include:
▪ 15% capital subsidy of the project cost (up to ₹1 crore per project for skill development and ₹25
crore for R&D).
▪ Land will be allotted at concessional rates on a long-term lease of 30 years (renewable)
⇢ India ranks 21st globally in shipbuilding, 20th in ship repair, and 2nd in ship recycling.
⇢ The state contributes 11% of India’s shipbuilding capacity and 21% of production.

AI-based alert system for forest management

⇢ Madhya Pradesh has become the first state in India to implement an AI-based real-time alert
system for active forest management.
⇢ Based on Google Earth Engine, the system analyses multi-temporal satellite data and identifies
land use changes using a custom AI model.
⇢ Advanced Detection System:
▪ Uses satellite imagery, machine learning, and field feedback to monitor forest encroachments
and tree felling.
▪ Can detect changes as small as 10×10 meters.
▪ Integrates Google Earth Engine satellite data, AI algorithms, and ground feedback.
▪ Identifies land-use activities like crop sowing, construction, and other changes.

India showcases Telecom ambitions

⇢ Union Minister Jyotiraditya Scindia has inaugurated Bharat Telecom 2025 in New Delhi.
⇢ The event is organised by the Telecom Equipment and Services Export Promotion Council
(TEPC), in collaboration with the Department of Telecommunications (DoT).
⇢ More than 130 foreign delegates from over 35 countries and over 80 leading Indian Telecom and
ICT companies participated in the event.

FRP of sugarcane
⇢ The Union Cabinet has fixed the Fair and Remunerative Price (FRP) of sugarcane at ₹355 per
quintal (qtl) for the sugar season 2025-26 (October-September), with a basic recovery rate of 10.25%.
⇢ It is 4.41% higher than the FRP of the current sugar season (2024-25).
⇢ The new FRP will be effective from October 2025.
⇢ To protect sugarcane farmers (GannaKisan), the government has decided that there will be no
deduction from FRP for mills where recovery is below 9.5%.
⇢ Such farmers will get ₹329.05 per qtl for sugarcane in the sugar season 2025-26.

Yoga Mahotsav marking IDY 2025

⇢ The Morarji Desai National Institute of Yoga (MDNIY) has organised the ‘Yoga Mahotsav’ in
Nashik, Maharashtra.
⇢ The event was inaugurated by Union Minister of State (Independent Charge) Prataprao Jadhav.
⇢ It marked the 50-day countdown to the International Day of Yoga (IDY) 2025.
⇢ During the event, the minister launched the 'Yoga Sangam' Portal for online registration, to
facilitate the synchronized nationwide celebration of IDY 2025 on June 21.

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IIFT to open off-campus centre in GIFT City

⇢ The Ministry of Education has approved the establishment of an off-campus centre of the
Indian Institute of Foreign Trade (IIFT), New Delhi, at GIFT City, Gandhinagar, Gujarat.
⇢ Regulatory Compliance: Approved as per UGC (Institutions Deemed to be Universities)
Regulations, 2023.
⇢ Alignment with NEP 2020: Supports multidisciplinary education and improves access to
specialized education in international trade
⇢ Approval Process: Granted after successful compliance with the Letter of Intent (LoI) issued in
January 2025.

Tax Exemption for NMCG

⇢ The Finance Ministry has exempted the National Mission for Clean Ganga (NMCG) from
paying taxes.
⇢ The NMCG, which implements the Namami Gange programme, is now an authority under the
Environment (Protection) Act, 1986.
⇢ Mission: Restoration and conservation of the Ganga River’s ecosystem
Key Functions:
▪ Sewage treatment and management
▪ River surface cleaning and solid waste disposal
▪ Afforestation and biodiversity conservation
▪ Monitoring of industrial effluents
▪ Promoting public participation in river rejuvenation efforts

Niveshak Shivir initiative

⇢ The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of
Corporate Affairs (MoCA), has organised a virtual preparatory meeting with Nodal Officers of
Stakeholder companies to discuss the implementation of the ‘Niveshak Shivir’ initiative.
⇢ The initiative, launched in collaboration with SEBI, will enhance investor services and streamline
the claim process.
⇢ This meeting was chaired by Anita Shah Akella, Chief Executive Officer (CEO), IEPFA and Joint
Secretary, MoCA.
⇢ The pilot phase of the initiative will be launched in Ahmedabad and Mumbai in May 2025.
⇢ The initiative will be organised in cities with high-claimed dividends with companies for 6-7
years.
⇢ IEPFA has also signed an MoU with Kotak Mahindra Bank to promote investor education and
protection through digital outreach.

Panel to design NMM

⇢ The Union Cabinet has formed an inter-ministerial committee to design the framework for the
proposed National Manufacturing Mission (NMM).
⇢ The committee will be headed by BVR Subrahmanyam, CEO of NITI Aayog.

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India to lead disaster charter

⇢ India, through ISRO, will chair the “International Charter Space and Major Disasters” for 6
months, starting from April 2025.
⇢ The Charter functions as a collaborative framework involving 17 member organizations, who
voluntarily provide Earth observation data and value-added products for managing disasters occurring
globally.
Indian Space Research Organisation (ISRO):
▪ Chairman – Dr.V.Narayanan
▪ Headquarters – Bengaluru, Karnataka
▪ Established in – 1969

IWAI reports cargo movement

⇢ The Inland Waterways Authority of India (IWAI) has recorded cargo movement of 145.5
million metric tonnes in FY25, an increase from 18.1 MMT in FY14 (a CAGR of 20.86%).
⇢ Passenger movement on National Waterways (NWs) reached 1.61 crore in FY24.
⇢ The IWAI has increased the number of NWs from 5 to 111 under the National Waterways Act,
2016.
⇢ The operational length of NWs has increased to 4,894 km (FY24).
⇢ India aims to increase Inland Water Transport (IWT) modal share from 2% to 5%.

GAME and NITI Aayog join hands

⇢ NITI Aayog has partnered with GAME (Global Alliance for Mass Entrepreneurship) to
develop healthy entrepreneurship ecosystems across India.
⇢ The partnership will focus on location-based entrepreneurship interventions, with pilot sites in
Nagpur, Visakhapatnam, and Uttar Pradesh.

Vizhinjam port inaugurated

⇢ PM Narendra Modi has inaugurated the Vizhinjam International Seaport in
Thiruvananthapuram, Kerala.
⇢ The port was developed under a public-private partnership between the Kerala government
and Adani Ports and Special Economic Zone Ltd (APSEZ).
⇢ It is India’s first dedicated container transshipment port and semi-automated port.
⇢ Key features of the port:
▪ Breakwater is nearly 3 km long and 28 m high
▪ India’s first AI-powered Vessel Traffic Management System
▪ Received MSC Turkey, one of the largest cargo ships to ever dock in India
⇢ The port is now a part of the Jade Service of MSC, the world’s biggest shipping line.
⇢ It will have an annual capacity of 3 million TEUs by 2028.
⇢ This phase will cost ₹10,000 crore and will be fully funded by Adani Ports.
⇢ It will be connected to National Highway 66 and Kerala’s first cloverleaf interchange.
⇢ Until now, 75% of India’s transshipment containers were handled by the Colombo Port, Sri
Lanka.

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Indias first AI LLM

⇢ The Government of India has selected Bengaluru-based 'Sarvam' to build India’s first
indigenous AI Large Language Model (LLM) under the ₹10,370 crore India AI mission.
⇢ The company is the first startup to get approved for Standard Operating Procedures (SOPs)
for the India AI mission.
⇢ It is developing three model variants in collaboration with IIT Madras.

INTERNATIONAL
Revive Our Ocean Initiative launched
⇢ A new global initiative named ‘Revive Our Ocean’ has been launched to empower coastal
communities to establish and manage Marine Protected Areas (MPAs) through local actions.
⇢ The initiative is led by:
▪ Dynamic Planet (USA-based NGO)
▪ Pristine Seas program of the National Geographic Society (NGS)
⇢ The initiative is supported by British naturalist Sir David Attenborough.
⇢ Its three main pillars are Inspire, Enable, and Equip.
⇢ The initiative will initially focus on 7 countries: UK, Portugal, Greece, Turkey, Philippines,
Indonesia, and Mexico.

South Korea launches spy satellite

⇢ South Korea has launched its fourth indigenously developed spy satellite '425Sat-3' into orbit
using SpaceX’s Falcon 9 rocket.
⇢ The satellite uses synthetic aperture radar (SAR) technology.
⇢ SAR enables it to capture high-resolution images even in challenging conditions such as during
night time or under cloud cover.

BRICS Labour meeting in Brazil

⇢ The 11th BRICS Labour and Employment Ministers’ meeting was held in Brasilia, Brazil,
under the presidency of Brazil.
⇢ The theme of the meeting was “Strengthening the Cooperation of the Global South for More
Inclusive and Sustainable Governance”.
⇢ Union Minister of State Sushri Shobha Karandlaje led the Indian delegation.
⇢ The meeting concluded with a declaration focusing on “AI and the Future of Work” and “The
Impacts of Climate Change on the World of Work and a Just Transition”.
⇢ About BRICS:
▪ Formation: Established in 2006 with Brazil, Russia, India, and China (BRIC).
▪ Expansion: Renamed BRICS in 2010 after South Africa joined.
▪ Further Growth: In 2023, Ethiopia, Egypt, Iran, and UAE became members during the 15th
BRICS Summit.

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Uganda declares an end to Ebola outbreak

⇢ Uganda has declared the end of the Ebola Sudan Virus Disease (SVD) outbreak.
⇢ This declaration was made after completing a 42-day mandatory countdown period without
any new confirmed cases.
⇢ The virus was detected in Kampala, the capital city, less than 3 months ago.

CMA CGM registers ship in India

⇢ CMA CGM, a French shipping company, has become the first major foreign shipping company
to register its vessel in India.
⇢ Its container ship ‘CMA CGM Vitoria’ will operate under the Indian flag.

New PM for Trinidad and Tobago

⇢ Kamla Persad-Bissessar has been elected as the 9th Prime Minister of Trinidad and Tobago
for 5 years.
⇢ She succeeds Stuart Young.

New sites included in UNESCO GGN

⇢ The UNESCO Global Geoparks Council (UGGp) has added 16 new sites from 11 countries to
its Global Geoparks Network (GGN).
⇢ Mt Paektu of North Korea, and North Riyadh and Salma of Saudi Arabia are the first additions
from the respective countries.
⇢ With the new additions, the number of sites in the GGN becomes 229 (from 50 countries),
spanning nearly 855,000 sq km.
⇢ Each site in the network undergoes a revalidation once in 4 years.
⇢ A green card indicates renewal for 4 years, while a yellow card indicates renewal for 2 years.

BANKING
Deploying BIS standards NSM timeline extended
⇢ RBI has extended the deadline for banks to install the new Bureau of Indian Standards (BIS)
standards Note Sorting Machines (NSMs) by 6 months to November 2025.
⇢ The RBI has also directed banks and White Label ATM Operators (WLAOs) to ensure that ATMs
dispense ₹100 and ₹200 notes regularly.
⇢ By September 2025, 75% of all ATMs should dispense either ₹100 or ₹200 notes from at
least one cassette.
⇢ By March 2026, this should be increased to 90%.

New payment card by Airtel Payments Bank

⇢ Airtel Payments Bank has launched NCMC-enabled RuPay On-The-Go Cards.

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RBI NEWS

RBI cancels license

⇢ RBI has cancelled the licence of the Punjab-based Imperial Urban Co-operative Bank due
to the lender’s inadequate capital and earning prospects.
⇢ RBI has also cancelled the licence of Ajantha Urban Co-operative Bank due to capital &
compliance issues.

RBI revised ATM usage cost

⇢ RBI has increased the ATM cash withdrawal charges by ₹2.
⇢ The new charge is ₹23 per transaction, after a customer exceeds the permissible free limit in a
month.
⇢ The revised charges came into effect from May 2025.
⇢ Earlier, the charge was ₹21 per transaction.

Interim Committee for IndusInd Bank

⇢ RBI has approved the formation of an interim “Committee of Executives” to manage the
operations at IndusInd Bank Ltd.
⇢ The committee will operate for a period of three months or until a new CEO is appointed,
whichever is earlier.
⇢ The committee will function under an Oversight Committee of the Board, chaired by Sunil
Mehta, the Chairman of the Board.
IndusInd Bank Limited:
▪ MD & CEO- Sumant kathpalia
▪ Headquarters – Mumbai, Maharashtra
▪ Established in– 1994
▪ Tagline – We make you feel richer

RBI clarifies on the use of PRAVAAH portal

⇢ RBI has mandated all banks, financial companies, and other regulated entities to use the
PRAVAAH portal, from May 2025, for submitting applications for authorisations, licenses, and
approvals.
⇢ PRAVAAH (Platform for Regulatory Application, Validation and Authorization) is a secure, web-
based portal launched by the RBI in 2024.

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ECONOMY
Remittances fall under LRS scheme
⇢ According to a report by the RBI, remittances to India have declined by 8.21% year-on-year (Y-
o-Y) to $27.02 billion in FY25 (April-February) from $29.43 billion in the previous fiscal.
⇢ The largest segment, international travel, saw a slight dip of about 1% to $15.84 billion.
⇢ Remittances for overseas education decreased by 16% to $2,758.9 million, while those for
the purchase of immovable property increased by 28.32% to $277.7 million.
⇢ In February 2025, remittances dropped by 2.44% to $1.96 billion.

S&P cuts India's growth projections

⇢ According to a report by S&P Global Ratings, the GDP growth of India is estimated at 6.3% in
FY26 and 6.5% in FY27

UPI transactions in April

⇢ The number of transactions through the UPI declined by 2% to 17.89 billion in April 2025.
⇢ The value of transactions also fell by 3% to ₹23.95 trillion.

Record GST collection in April

⇢ GST collection rose 12.6% year-on-year to about ₹2.37 lakh crore in April 2025, which is an
all-time high.
⇢ Revenue from domestic transactions and imported goods rose 10.7% and 20.8% to about ₹1.9
lakh crore and ₹46,913 crore respectively.

IMF data on largest economies

⇢ According to the “April 2025 World Economic Outlook (WEO)” released by the Internation
Monetary Fund (IMF), USA retained its position as the largest economy with a GDP of $30.51 trillion,
followed by China and Germany.
⇢ India became the 4th largest economy with a GDP of $4.39 trillion.
⇢ India is expected to lead Germany by 2030.

ADB loan to India

⇢ According to a report, the Asian Development Bank (ADB) has committed $5 billion in the
form of loans, grants, and technical assistance to India in 2024.
⇢ It has also committed $2.2 billion in cofinancing.
Asian Development Bank (ADB):
▪ President – Masato Kanda (Japan)
▪ Headquarters – Mandaluyong City, Manila, Philippines
▪ Established – 1966
▪ Members – 69

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Moodys cuts India GDP forecast

⇢ According to the “Global Macro Outlook 2025-26” report by Moody’s, the GDP growth of India
for 2025 is estimated at 6.3% from the earlier forecast of 6.5%.

BUSINESS
Combination proposal approved by CCI
⇢ The Competition Commission of India (CCI) has approved:
⇢ Jubilant Beverages Ltd (JBL) acquiring a 40% stake in HealthCare Global Enterprises Ltd
(HCCH)
⇢ KKR acquiring HCCH through Hector Asia Holdings and KIA EBT II Scheme

Global Forex Card introduced

⇢ BookMyForex, an entity owned by MakeMyTrip Group, has launched its ‘Global Forex Card’.
⇢ This is a USD-denominated single currency prepaid card.
⇢ The card aims to reduce foreign exchange expenses for international travellers and students.

Axis Max Life launches Bandhan 2.0

⇢ Axis Max Life Insurance has launched “Bandhan 2.0”, an AI-powered augmented reality (AR)
platform for onboarding new employees.
⇢ It Provides immersive storytelling, interactive gamification, and real-time leadership
engagement.
⇢ Multi-Platform Accessibility: Available in English and Hindi via mobile and desktop.

AWARDS
New honour to Sri Madhusudhan Sai
⇢ Madhusudhan Sai, an Indian spiritual/humanitarian leader, was conferred the ‘Companion of
the Order of Fiji’, the highest civilian award of the country.

Green Airports Recognition 2025

⇢ The Airports Council International Asia-Pacific & Middle East (ACI APAC & MID) has
announced the winners of the 9th edition of the Green Airports Recognition (GAR) 2025.
⇢ Three Indian airports have been recognised:
▪ Hubballi Airport (Karnataka) - recognised for installing an 8 MW solar power plant
▪ Kempegowda International Airport (Bengaluru) - won Silver under “15-38 million
passengers per year” category for its “Sustainable Energy for a Greener Perpetuity” project
▪ Cochin International Airport (Kerala) - won Silver for setting up a 12 MWp solar power
plant.

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ACI Safety Recognition Awards 2025

⇢ Kempegowda International Airport (Bengaluru) has won the Gold Award at the inaugural
Safety Recognition Awards 2025, presented by the 9th edition of Airports Council International
(ACI) APAC & MID Regional Assembly in New Delhi.
Award Winner
Diamond Award Dubai International Airport (DXB)
Silver Award Narita International Airport (NRT) (Japan)

Indian wins HonorsGradU Scholarship

⇢ Japteg Singh Bamrah, a Class 12 student of Dalhousie Public School, has won the HonorsGradU
2025 Scholarship “Build a Better Future” Award for his invention of the Solar Mech Engine.
⇢ He is among the 5 global winners.
⇢ He won:
▪ A scholarship of $10,000 for his undergraduate education in the US
▪ A grant of $5,000 for developing and scaling his innovation.
▪ He is the first student from India to win the award since its inception in 2012.

Guillermo Cano prize for La Prensa

⇢ La Prensa, a Nicaragua-based newspaper, has been selected as the winner of the
UNESCO/Guillermo Cano World Press Freedom Prize.
⇢ The award carries a cash prize of $25,000.

APPOINTMENTS
New Chief Secretary for Telangana
⇢ K Ramakrishna Rao has been appointed as the Chief Secretary (CS) of Telangana.
⇢ He succeeds A Santhi Kumari.

New CMD of REC

⇢ Jitendra Srivastava has been appointed as the CMD of REC Ltd.

New ED in Reliance
⇢ Reliance Industries Ltd (RIL) has appointed Anant M Ambani as an Executive Director (ED)
for a period of 5 years.

New Chief Secretary of Kerala

⇢ A Jayathilak has been appointed as the 50th Chief Secretary of Kerala succeeding Sarada
Muraleedharan.

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Sujata Chaturvedi appointed to UPSC

⇢ Sujata Chaturvedi, former Secretary of the Department of Sports, took the Oath of Office and
Secrecy as Member of the Union Public Service Commission (UPSC).

New appointment in Axiom Space

⇢ Tejpaul Bhatia, an Indian-origin executive, has been appointed as the CEO of the US-based
Axiom Space Inc.
⇢ He succeeds Kam Ghaffarian.

New Chairman of NSE IX

⇢ Neeraj Kumar Gupta has been appointed as Chairman and Public Interest Director of NSE
International Exchange (NSE IX).
⇢ He succeeds Rajiv Mehrishi.

New appointment for YouTube India

⇢ Gunjan Soni has been appointed as the Country MD of YouTube India.
⇢ She succeeds Ishan Chatterjee.

New appointment in IMF

⇢ Parameswaran Iyer, executive director at the World Bank, has been appointed as the nominee
director of India on the board of the International Monetary Fund (IMF).
⇢ He succeeds Krishnamurthy Venkata Subramaniyan (2022-2025).
International Monetary Fund (IMF):
▪ Managing Director (MD) – Kristalina Georgieva
▪ Headquarters – Washington DC, the United States of America (USA)
▪ Established – 1944
▪ Member nations – 191

New appointments in ECI

⇢ Rakesh Verma has been appointed as the Director General (DG) of the India International
Institute of Democracy and Election Management (IIIDEM).
⇢ Ashish Goyal took charge as DG, Media, in the Election Commission of India (ECI).

New chief for NSAB

⇢ The Government of India has reconstituted the National Security Advisory Board (NSAB).
⇢ Alok Joshi, former Chief of the Research and Analysis Wing (R&AW), has been appointed as its
Chairman.
⇢ The board has 7 members.

New CEO of ISM

⇢ Amitesh Kumar Sinha has been appointed as the CEO of the India Semiconductor Mission
(ISM) under the Ministry of Electronics and Information Technology (MeitY).
⇢ He succeeds Sushil Pal.

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RANK & INDEXES

Forbes India W-Power 2025
⇢ Forbes India, in collaboration with L’Oréal Paris, has released the annual W-Power 2025 list
which features 20 self-made women.
⇢ Initiative: Started in 2017 to highlight inspiring women across various fields.
⇢ Selection Criteria: Based on financial success, influence, leadership, innovation, and societal
impact.
⇢ Jury Members: Industry leaders like Arundhati Bhattacharya, Ashu Suyash, Meena Ganesh, and
Swati Piramal.
⇢ Some of the women featured in the list are:
▪ Dr. Gita Gopinath, the First Deputy MD of the International Monetary Fund (IMF)
▪ Kaku Nakhate, the India CEO of Bank of America
▪ Vishakha Mulye, the CEO of Aditya Birla Capital Ltd (ABCL)
▪ Manu Bhaker, who won two bronze medals at the 2024 Paris Olympics
⇢ Key Honorees:
▪ Business & Finance: Dr. Gita Gopinath, Renuka Ramnath, Leena Nair, Vishakha Mulye.
▪ Sports: Manu Bhaker, Smriti Mandhana, P.V. Sindhu.
▪ Entrepreneurship: Anamika Khanna, Mira Kulkarni, Rohini Iyer.
▪ Public Service & Academia: Mona Khandhar, Dr. Pratima Murthy.
▪ Arts & Entertainment: Payal Kapadia, Sunidhi Chauhan.
▪ Corporate Leadership: Savitha Balachandran, Shefali Goradia.

CareEdge State Rankings 2025

⇢ According to the second edition of the state rankings released by CareEdge Ratings:
⇢ Maharashtra (56.5 score) is ranked top in the overall composite rankings
⇢ Gujarat and Karnataka are the second and third top states respectively.
⇢ Goa (62.1 score) is ranked top in the North-East, Hilly & Small states (Group B) category.
⇢ The rankings are based on 7 pillars:
⇢ Economic Pillar:
▪ Gujarat is ranked top
▪ Sikkim is ranked top under the Group B category
⇢ Fiscal Pillar:
▪ Odisha is ranked top
▪ Uttarakhand is ranked top under the Group B category
⇢ Financial Development: Maharashtra ranked top
⇢ Infrastructure:
▪ Punjab and Haryana ranked top
▪ Goa led the Group B states
⇢ Social Indicators:
▪ Kerala is ranked top
▪ Goa and Mizoram topped under the Group B category
⇢ Governance Pillar:

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▪ Andhra Pradesh is ranked top
▪ Uttarakhand and Himachal Pradesh topped under the Group B category
⇢ Environmental Performance: Karnataka, Telangana, Andhra Pradesh, and Tamil Nadu performed
well:
▪ Karnataka leading in air quality and Renewable Energy
▪ Telangana in forest cover changes and potable water access
▪ Himachal Pradesh topped in renewable energy, potable water, and change in forestcover under
the Group B category

Report by SIPRI
⇢ According to a report by the Stockholm International Peace Research Institute (SIPRI), global
military expenditure reached $2,718 billion in 2024, a 9.4% increase compared to 2023.
⇢ Military expenditure accounted for 2.5% of global GDP in 2024.
Rank Country Expenditure (in billions)
1 USA $997
2 China
3 Russia
4 Germany
5 India $86.1

AGREEMENTS
SBI signs MoU
⇢ SBI has signed an MoU with the Land Ports Authority of India (LPAI) to enhance banking
services infrastructure at 26 land ports bordering India’s neighbouring countries.
⇢ The aim is to increase trade transactions from the current ₹80,000 crore to ₹2 trillion by 2030.
⇢ LPAI currently operates 15 land ports across 8 border states.

STATE NEWS
Approval for PM MITRA Park in MP
⇢ Madhya Pradesh gets the approval for the ₹2,100 crore PM Mega Integrated Textile Region
and Apparel (PM MITRA) Park project.
⇢ The project will be the first integrated textile park in India.
⇢ The park, spanning 2,100 acres, is expected to attract investments and generate employment
opportunities in the state.
Madhya Pradesh (MP):
▪ Chief Minister (CM)- Mohan Yadav
▪ Governor- Mangubhai C. Patel
▪ Capital- Bhopal
▪ National Parks - Kanha National Park, Bandhavgarh National Park

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Flood protection project in UP

⇢ The Uttar Pradesh government has allocated ₹200 crore for flood protection projects in flood-
prone districts before the upcoming monsoon.
⇢ Funds are allocated for strengthening embankments along Saryu, Ganga, Rapti, and Rohin
rivers.
⇢ Irrigation department directed to implement state and NABARD-funded projects urgently.
⇢ Key Infrastructure Projects
▪ Building RCC pillars, repairing embankments, anti-erosion measures, and new pumping stations.
⇢ Major allocations for:
▪ Pumping stations & embankment work at Gorakhpur.
▪ Bridge replacements at Amethi.
▪ Embankment strengthening at Shravasti.
▪ Slope pitching at Azamgarh.
▪ Anti-erosion measures at Ghazipur.
▪ Protection work at Bulandshahr.
▪ Embankment construction at Sitapur.

AI-Based Data Center Park in Chhattisgarh

⇢ Chhattisgarh CM Vishnu Deo Sai has laid the foundation stone of India’s first Artificial
Intelligence (AI)-based data centre park in Sector-22 of Nava Raipur.
⇢ The park, spread across 5.5 hectares, will be operated by RackBank Datacenters Pvt Ltd.
⇢ The first phase will have a capacity of 5 megawatts and may be expanded to 150 megawatts.
⇢ An additional investment of ₹2,000 crore is expected.

New Guinness records by Bihar

⇢ Bihar has set two Guinness World Records ahead of the Khelo India Youth Games 2025.
⇢ The first record was set for the largest Madhubani painting (201.17 sq ft).
⇢ The second record was for the largest singing bowl ensemble by 375 Buddhist monks of Bodh
Gaya.
Bihar:
▪ Chief Minister – Nitish Kumar
▪ Governor– Arif Mohammed Khan
▪ Capital– Patna

HP’s E-Kalyan Portal

⇢ Himachal Pradesh government has launched the 'E-Kalyan Portal' to simplify the application
process for various social security pension schemes in the state.
⇢ It was developed by the Department for Empowerment of Scheduled Castes, Other Backward
Classes, Minorities, and Specially Abled (ESOMSA).
⇢ Eligible applicants can apply online directly or through Lokmitra Kendras.

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SCIENCE
China Sent Astronauts to Tiangong Space Station
⇢ China has sent three astronauts to its Tiangong space station.
⇢ The mission, named Shenzhou-20, marks the 15th crewed and 20th overall spaceflight of China
under its Shenzhou program.
⇢ Pakistan is currently conducting a preliminary selection process to send an astronaut on a
future Shenzhou flight, making them the first foreign astronaut to enter China’s space station.

Pact on Space Medicine

⇢ ISRO has signed an MoU with Sree Chitra Tirunal Institute for Medical Sciences &
Technology (SCTIMST) to collaborate in the field of space medicine.
⇢ The partnership is named ‘Framework Memorandum of Understanding on Cooperation in
Space Medicine’.

China launches Tianlian 2 05 satellite

⇢ China has launched the Tianlian-2 (05) satellite, a second-generation geostationary orbit (GEO)
data relay satellite.
⇢ The satellite was launched on a Long March 3B rocket from the Xichang Satellite Launch Center
in Sichuan Province, Southwest China.

IIT-M filed 417 patents in 2024-25

⇢ IIT Madras has filed 417 Patents in FY25, a 10% increase compared to FY24.
⇢ The institute also filed 39 designs, 6 copyrights, and 1 trademark, taking the total count to 463.

Amazon launches Kuiper satellites

⇢ Amazon has launched the first 27 satellites for its Project Kuiper at Cape Canaveral Space Force
Station, Florida, USA.
⇢ It is a $10 billion initiative to provide broadband internet globally.
⇢ Amazon plans to launch a total of 3,236 satellites into low-Earth orbit for the project which was
unveiled in 2019.
⇢ It was deployed at 450 km, and will ascend to 630 km
⇢ It was integrated with Amazon Web Services (AWS) for advanced data processing

34 Supercomputers deployed across India

⇢ The Ministry of Electronics and Information Technology (MeitY) has announced that 34
supercomputers, having a combined computing power of 35 Petaflops (10 lakh gigabytes, gb), have
been deployed across India under the National Supercomputing Mission (NSM).
⇢ NSM was launched in 2015 by the Government of India with the aim of making the country
strong in the field of supercomputing.
⇢ NSM launched to develop high performance computing (HPC) system.

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Genome edited rice developed

⇢ The Indian Council of Agricultural Research (ICAR) has developed two new genome-edited
rice varieties.
⇢ This is the first time such an achievement is made in the country using genome editing technology.
⇢ The first variety is named DRR Dhan 100 Kamala which is developed from Samba Mahsuri.
⇢ The second variety is from Maruteru 1010 (MTU1010).

SPORTS
Khel Ratna award 2023
⇢ Union Minister Dr Mansukh Mandaviya has presented the Major Dhyan Chand Khel Ratna
award to the badminton pair Satwiksairaj Rankireddy and Chirag Shetty.
⇢ The pair:
▪ Became no. 1 in the Badminton World Federation (BWF) rankings in 2023
▪ Won gold at the Asian Games held in Hangzhou
▪ Were shortlisted for the award in 2023

New BWF president elected

⇢ Khunying Leeswadtrakul of Thailand has been elected as the new President of the
Badminton World Federation (BWF) for a term of 4 years.
⇢ She is the second woman to hold the position, after Lu Shengrong of China.
⇢ She succeeds Poul-Erik Larsen of Denmark.
Badminton World Federation (BWF):
▪ Headquarters- Kuala Lumpur, Malaysia
▪ Established in- 1934

Neeraj Chopra wins athletics event

⇢ Neeraj Chopra, an Indian javelin thrower, has won gold at the Potch Invitational Meet in
Potchefstroom, South Africa.
⇢ He won with a throw of 84.52 m.

India wins Asian Yogasana Championship

⇢ India has won 83 gold medals and ranked top at the 2nd Asian Yogasana Sport
Championship held at the KD Jadhav Arena, Indira Gandhi Sports Complex in New Delhi.
⇢ Japan ranked second, followed by Mongolia, Oman, and Nepal.

Cricket and MMA in Asian Games

⇢ The Olympic Council of Asia (OCA) and the Aichi-Nagoya Asian Games Organising
Committee (AINAGOC) of Japan have retained Cricket and included Mixed Martial Arts (MMA).
⇢ These sports will feature in the 2026 Asian Games, scheduled to be held in Aichi-Nagoya,
Japan.

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Youngest to score IPL century

⇢ Vaibhav Suryavanshi, a 14-year-old player of Rajasthan Royals, becomes the youngest player
to hit a century (100 runs) in the history of the Indian Premier League (IPL).
⇢ He achieved the feat in just 35 balls, in a match against Gujarat Titans during IPL 2025 at the
Sawai Mansingh Stadium in Jaipur, Rajasthan.

REPORTS
Report by NITI Aayog
⇢ According to the report “Enhancing MSMEs Competitiveness in India” released by NITI Aayog
(in collaboration with the Institute for Competitiveness), the share of micro and small enterprises
accessing credit through scheduled commercial banks has increased from 14% to 20% between
2020-24.
⇢ The share of medium enterprises has increased from 4% to 9%.
⇢ Only 19% of the credit demand of MSMEs were met formally by FY21, leaving a credit gap of
₹80 lakh crore.
⇢ The report focused on 4 key sectors: textiles manufacturing and apparel, chemical products,
automotive and food processing.

Report by ADB and WEF

⇢ According to the “Energy Transition Readiness Assessment (ETRA) for Developing Asia and
the Pacific” report released jointly by the Asian Development Bank (ADB) and the World Economic
Forum (WEF), Clean energy investments in developing Asia increased by over 900% to $729.4
billion (45% of global investments) between 2013-2023.
⇢ The People’s Republic of China (PRC) accounted for 90% of the regional investments during
2013-2023.
⇢ Green bonds, sustainability-linked bonds, and transition loans grew from $70 billion
(2020) to $295 billion (2022) in developing Asia.
⇢ Georgia, Malaysia, and Thailand have improved their regulatory frameworks to accelerate
clean energy transitions.
⇢ The demand for green hydrogen is expected to increase by 2.5 to 3.5 times by 2040.
⇢ The report is ADB’s first attempt to assess regional countries capacity to transform their energy
systems and it uses a new readiness framework based on the WEF’s Energy Transition Index (ETI).

TN tops in textile exports

⇢ Tamil Nadu remained the top textile goods exporting state in India in FY25 with $7.99
billion (26.81% share), followed by Gujarat and Maharashtra, according to the data available in the
Centre’s Niryat portal.
⇢ The total export from India stood at $36.61 billion, among which readymade garments
contributed $15.99 billion.

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World Social Report 2025 released

⇢ According to the report “World Social Report 2025: A New Policy Consensus to Accelerate
Social Progress” released by the UN Department of Economic and Social Affairs (UN DESA):
⇢ Nearly 60% of the global population faces economic insecurity
⇢ Over 690 million people continue to live in extreme poverty.
⇢ The share of income owned by the richest 1% of the population increased or remained stable
at a high level in 113 of 182 countries from 1990-2002.
⇢ Out of 27 Asian countries taken for the assessment:
▪ 13 countries have witnessed rising inequality
▪ 12 countries have decreased inequality
▪ 2 countries are in the ‘No Trend’ category
⇢ Almost 80% in South Africa, 60% in Latin America, 50% in India, and 40% in the United
States can still be attributed to inequality based on race, caste, place of birth, or family background.

MSME Competitiveness Report

⇢ According to the ‘Enhancing MSMEs Competitiveness in India’ report released by NITI Aayog
in collaboration with the Institute for Competitiveness (IFC), Micro, Small & Medium Enterprises
(MSMEs) contribute 30.1% to India’s Gross Value Added (GVA).
⇢ MSMEs account for 45.79% of total exports (₹12.39 lakh crore) in FY25.
⇢ The proportion of Micro and Small Enterprises (MSEs) accessing credit from scheduled
commercial banks has increased from 14% to 20% between 2020-2024.
⇢ The increase for medium enterprises is from 4% to 9%.
⇢ About 35% of MSME clusters face issues with unreliable electricity, poor internet connectivity,
and high technology costs.

Data on services trade by RBI

⇢ According to the “Data on services trade for March 2025” released by the RBI, India’s total
exports of goods and services reached a record high of $824.9 billion in FY25.
⇢ This represents a 6.01% increase compared to $778.1 billion in FY24.
⇢ Services exports reached a record high of $387.5 billion in FY25, a 13.6% increase.
⇢ In March 2025, services exports increased by 18.6% to $35.6 billion.
⇢ Merchandise exports (excluding petroleum products) reached $374.1 billion, a 6% increase from
$352.9 billion in FY24.

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BOOKS
New book on Ramanujan
⇢ The National Archives of India (NAI), in partnership with the Vani Prakashan Group, has
launched a book titled “Ramanujan: Journey of a Great Mathematician” at the Dr. Ambedkar
International Centre in New Delhi.
⇢ The book is authored by Arun Singhal and DK Sharma.

OBITUARY
Director Shaji N Karun passes away
⇢ Shaji N Karun, former chairman of the Kerala State Film Development Corporation, passed away
at the age of 73.
⇢ He was a recipient of Padma Shri in 2010.
⇢ His debut film ‘Piravi’ (Birth), released in 1989, won several national and international awards.

Baba Sivanand passed away

⇢ Baba Sivanand, a spiritual guru and yoga practitioner, passed away at the age of 128.
⇢ He is a recipient of Padma Shri in 2022.

DAYS
Days Celebrated on Theme Key Points
World Intellectual April 26 Music and IP: Feel the Observed since – 2001
Property Day Beat of IP Commemorating – Establishment
of the World Intellectual Property
Organization (WIPO) in 1967

World Veterinary Last Saturday Animal Health Takes a Observed by – World Veterinary
Day of April (April Team Association (WVA)
26 in 2025) Observed since – 2000

World Malaria Day April 25 Malaria Ends With Us: Observed by – WHO
Reinvest, Reimagine, Observed since – 2008
Reignite

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16th National April 24 Observed since – 2010
Panchayati Raj Day Commemorating – Establishment
of first Panchayati Raj system in
1993

International April 25 Commemorating – First day of the

Delegate’s Day San Francisco Conference (UN
Conference on International
Organisations) held in 1945

World Day for April 28 Revolutionising Health Observed by – International

Safety and Health at and Safety: The Role of Labour Organization (ILO)
Work AI and Digitalisation at Observed since – 2003
Work
International Dance April 29 Dance Unites the World Observed by – International
Day Theatre Institute (ITI)
Observed since – 1982
Commemorating – Birth
anniversary of Jean-Georges
Noverre, the inventor of the ballet
dance

International April 26 Observed by – UN

Chernobyl Disaster Commemorating – The event of
Remembrance Day Chernobyl disaster which took
place in USSR (now Ukraine) in
1986

World Last week of Immunization for All is Observed since – 2012

Immunization Week April (April 24- Humanly Possible Initiated by – World Health
30 in 2024) Assembly

Ayushman Bharat April 30 Launched by – PM Modi in 2018

Diwas

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