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CURRENT AFFAIRS : BANKING & FINANCE
Reserve Bank of India Increases Agency Commission for Banks Handling Government Transactions
- The Reserve Bank of India (RBI) has increased agency commission for banks conducting government business such as revenue receipts and payments, pension payments, and other related transactions.
- The move aims to encourage agency banks to improve efficiency in handling government-related transactions.
- For revenue receipt and payment transactions in electronic (e-) mode, the agency commission has been raised from ₹9 to ₹12 per transaction.
- For physical mode transactions related to revenue receipts and payments, the commission remains ₹40 per transaction (unchanged).
- For pension payments relating to Central/State Governments, the commission has increased from ₹75 to ₹80 per transaction.
- For other payments (non-pension), the commission rate has been raised from 5 paise to 7 paise per ₹100 turnover.
- The revised commission rates will be effective from April 1, 2025.
- RBI clarified that commission may be paid on all payment transactions handled by agency banks, except those that are pre-funded or where the government provides some compensation to the banks.
Recent News :
- In May 2025, A working group of the Reserve Bank of India (RBI), chaired by Radha Shyam Ratho, reviewed trading and settlement timings and recommended extending call money markettrading hours.
About RBI :
- Established : 1 April 1935
- Headquarters : Mumbai, Maharashtra, India
- Governor : Sanjay Malhotra
RuPay JCB Cards to Provide Cashback on In-Store Purchases Across 8 Asian Nations
- National Payments Corporation of India (NPCI), in partnership with JCB International, announced a limited-time 25% cashback offer for RuPay debit and credit cardholders.
- The offer aims to expand RuPay card usage in eight Asian countries: Japan, South Korea, Malaysia, Sri Lanka, Vietnam, Singapore, Thailand, and Hong Kong.
- The cashback is valid for in-store (point of sale) transactions until August 31, 2025.
- To be eligible for cashback, a cardholder must complete a minimum of two transactions in the eligible countries during the offer period.
- The maximum cashback per transaction is ₹1,500.
- The total cashback cap per card during the offer period is ₹15,000.
Recent News :
- In May 2025, NPCI issued two circulars giving guidelines on application programming interfaces (APIs) that aim at reducing outages in the Unified Payments Interface (UPI).
About NPCI :
- Founded : 19 December 2008
- Headquarters : Mumbai, Maharashtra, India
- MD & CEO : Dilip Asbe
- It is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
Securities and Exchange Board of India Urges Investors to Use CeFCoM Platform for Payments to Advisers and Research Analysts
- The Securities and Exchange Board of India (SEBI) is encouraging investors to make payments to investment advisers and research analysts through the Centralized Fee Collection Mechanism (CeFCoM) to protect against financial fraud and unauthorized fund collections.
- Use of CeFCoM is optional, but SEBI highlights its benefits in enhancing transparency, security, and trust in the investment advisory ecosystem.
- CeFCoM was launched on October 1, 2024, and is operated by BSE Ltd. in collaboration with MF Utilities India Pvt. Ltd.
- CeFCoM supports multiple digital payment modes including Net Banking, UPI/UPI Autopay, Debit/Credit Cards, IMPS/NEFT/RTGS, eNACH, and cheques.
- As of June 10, 2025, investors have paid over ₹5 crore through CeFCoM.
- The platform helps investors distinguish between SEBI-registered advisers/analysts and unregistered fraudulent entities, reducing the risk of deception via misleading schemes and payment links.
- SEBI plans to launch a digital verification tool called ‘SEBI Check’ from October 1, 2025, allowing investors to verify authenticity of UPI handles and bank account details before making payments.
- The new structured UPI handle system will use readable usernames with category-specific suffixes like ‘brk’ (brokers), ‘mf’ (mutual funds), and an ‘@valid’ tag issued by the National Payments Corporation of India (NPCI).
- Verified UPI handles will have a green triangle with a thumbs-up icon as a visual indicator of legitimacy.
- SEBI also intends to collaborate with online app stores to ensure only validated apps for investment-related payments are listed, enhancing digital trust.
Recent News :
- In May 2025, SEBI mandates a minimum ticket size of ₹1 crore for securitised debt instruments (SDIs) for both RBI-regulated and unregulated originators involved in securitisation activities.
About SEBI :
- Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 199
- Headquarters : Mumbai, Maharashtra
- Chairman : Tuhin Kanta Pandey
- SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance (MoF), GoI.
First Abu Dhabi Bank Adopts eMACH.ai Platform for Digital Lending Transformation
- First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates (UAE), has implemented Intellect Design Arena’s eMACH.ai Lending platform as part of its digital transformation journey.
- The move transitions FAB from manual credit processes to a fully automated digital lending workflow, improving operational efficiency and customer experience.
- The ai Lending platform automates a wide range of credit processes and integrates with over ten subsystems within FAB, providing real-time visibility into the credit portfolio.
- The platform enables advanced collection strategies including equal distribution, percentage allocation, and bucket-based queue stamping to efficiently manage collections across loan and card products.
- FAB aims to fully automate its debt collection features over the next five years.
- The implementation leverages Intellect’s “First Principles” technology suite, which includes over 329 microservices, 1,757 APIs, and 535 events, allowing for future-ready, composable, cloud-native solutions.
CURRENT AFFAIRS: NATIONAL AND STATE NEWS
DhartiAaba Janbhagidari Abhiyan Launched for Tribal Empowerment
- The Ministry of Tribal Affairs rolled out the DhartiAaba Janbhagidari Abhiyan from June 15–30, 2025, marking the largest benefit saturation campaign in India’s tribal areas.
- Spanning 549 tribal-dominated districts and 207 PVTG districts, it reaches over 100,000 villages and habitations to deliver welfare schemes and restore dignity in pursuit of Antyodaya and Viksit Bharat.
Key Highlights:
- Nationwide Coverage: Extends across 549 tribal districts and 207 Particularly Vulnerable Tribal Group (PVTG) districts, touching more than one lakh villages and habitations.
- Inclusive Development: Aims to empower tribal communities by ensuring doorstep delivery of entitlements and fostering community ownership (Janbhagidari).
- Multi-Ministerial Backing: Described as an unprecedented community-led model synchronized across ministries, with 125+ District Magistrates mobilising local Panchayati Raj bodies and tribal leaders.
- Flagship Frameworks: Operates under PM-JANMAN and Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA), celebrating Janjatiya Gaurav Varsh and emphasizing last-mile delivery.
- Benefit Saturation Camps: Provide critical services, including Aadhaar enrolment, Ayushman Bharat health cards, Pradhan Mantri Jan Dhan accounts, PM-Kisan support, old-age/ disability pensions, scholarships, insurance, and skill training.
- Restoring Dignity: Beyond welfare distribution, the campaign focuses on self-respect and ownership for tribal households, fulfilling PM Modi’s vision of Antyodaya.
India Hosts First International Big Cat Alliance (IBCA) Assembly to Lead Global Wildlife Protection
- India showcased its leadership in biodiversity conservation by hosting the first-ever Assembly of the International Big Cat Alliance (IBCA) in New Delhi.
- Spearheaded by Union Environment Minister Bhupender Yadav, the event marked a significant step in uniting the global community to protect the planet’s most iconic predators.
Key Highlights:
- What is IBCA?
- A global initiative launched by India in March 2024 under the National Tiger Conservation Authority (NTCA).
- Aims to halt the decline of big cat populations and promote habitat preservation.
- Includes 95 member countries, all of which are range states for the seven major big cat species:
Tiger, Lion, Leopard, Snow Leopard, Cheetah, Jaguar, and Puma.
- Purpose of the First Assembly:
- Held in New Delhi under the vision of Prime Minister Narendra Modi.
- Focused on endorsement of leadership roles, adoption of strategic documents, and reinforcement of international collaboration.
- Major Outcomes of the Assembly:
- Bhupender Yadav elected as President of IBCA.
- S.P. Yadav appointed as Director General.
- Ratification of key governance frameworks, including:
- Headquarters Agreement with India
- Workplan
- Rules of Procedure
- Financial Regulations
- Countries in Attendance:
Delegations from nine nations reaffirmed commitment to the alliance:
Bhutan, Cambodia, Eswatini, Guinea, India, Liberia, Suriname, Somalia, and Kazakhstan. - Core Objectives of IBCA:
- Foster global collaboration through knowledge exchange and shared technical/financial support.
- Preserve critical habitats and ecosystems vital to big cats’ survival.
- Enhance global policy advocacy and raise awareness for big cat conservation.
- Significance and Background:
- The concept of IBCA was announced by PM Modi during the 50th Anniversary of Project Tiger.
- Builds upon India’s expertise in tiger conservation to provide a model for multilateral environmental cooperation.
- Also promotes ecotourism, rural development, and environmental education as tools for conservation.
Bihar Becomes First Indian State to Launch Mobile-Based e-Voting in Urban Polls
- In a historic move, Bihar has become the first state in India to implement mobile-based e-voting, set to debut during the urban local body elections on 28th June 2024.
- The initiative, spearheaded by the Bihar State Election Commission (SEC), is expected to revolutionize voting accessibility, particularly for marginalized and remote populations.
Key Highlights:
- Mobile-Based e-Voting Rollout:
Bihar’s e-voting system will operate through two dedicated Android mobile applications:- “e-Voting SECBHR” developed by C-DAC (Centre for Development of Advanced Computing)
- A second app developed by the Bihar State Election Commission
- Target Beneficiaries – Enhancing Inclusivity:
The system is designed to empower voters unable to physically reach polling booths, including:
-
- Migrant workers
- Persons with disabilities (Divyang voters)
- Pregnant women
- Senior citizens
- Seriously ill individuals
- Digital Security and Voter Verification:
The e-voting system ensures tamper-proof and secure voting through advanced features:
-
- Blockchain-based data handling for transparency
- Liveness detection to confirm the voter’s presence
- Face match and live face scan for biometric verification
- Face comparison with pre-recorded voter data
- Audit trail similar to VVPAT for vote verification
- Bihar’s Digital Leadership in Elections:
Prior to this, Bihar’s SEC has already implemented several digital tools in the election process:
-
- FRS (Face Recognition System) for voter identity authentication
- OCR (Optical Character Recognition) for digital vote counting
- Digital locks to secure EVM strongrooms
Chennai Unveils India’s First-Ever Resting Pod for Gig Workers, Setting New Standard for Worker Welfare
- Chennai has launched India’s first “Gig Workers’ Pod”.
- The initiative is aimed at providing safe, clean, and comfortable resting spaces for gig and platform-based workers such as delivery agents and ride-hailing drivers.
- The pod includes seating, charging points, toilets, and drinking water.
- It is part of a broader push by the Greater Chennai Corporation (GCC) and Cities4Workers initiative.
- The pod is located in Anna Nagar and was inaugurated in June 2024.
- Chennai is reportedly the first city in India to implement such a dedicated public facility for gig workers.
- The initiative acknowledges the essential role gig workers play and aims to provide them with dignified urban infrastructure.
- This effort could become a model for other cities to improve working conditions for the informal workforce.
Andhra Pradesh’s Belum Caves declared Geo Heritage Site by Geological Survey of India (GSI)
- Belum Caves, located in Kolimigundla mandal, Nandyal district, Andhra Pradesh, have been declared a Geo Heritage Site by the Geological Survey of India (GSI).
- These caves are India’s second largest natural cave system, after Meghalaya’s Siju Caves.
- The limestone caves stretch over 3.6 km, with 1.5 km open to tourists.
- Known for their stalactite and stalagmite formations, the caves also have freshwater galleries and underground streams.
- The GSI’s move aims to preserve and protect the geological significance of the site.
- The caves are believed to be millions of years old, formed by constant underground water flow.
- The designation could boost geo-tourism and scientific research in the region.
- Belum Caves are already a popular tourist destination, maintained by the Andhra Pradesh Tourism Development Corporation (APTDC).
- With this status, the site will receive better conservation and promotion efforts.
CURRENT AFFAIRS : INTERNATIONAL NEWS
Prime Minister Narendra Modi to Meet Canadian PM Mark Carney for Key Talks to “Reset” Bilateral Relations
- Indian Prime Minister Narendra Modi is set to hold a crucial meeting with Canadian PM Mark Carney to “reset” bilateral ties.
- The meeting will take place on the sidelines of the Group of Seven (G7) Summit in Kananaskis, Canada.
- PM Modi will also hold bilateral talks with leaders from Germany, Italy, and Ukraine.
- No meeting is scheduled between PM Modi and US President Donald Trump at the G7, as Trump left the summit early due to tensions in West Asia.
- A meeting was expected in light of the pending India-US Bilateral Trade Agreement (BTA), which both countries aim to conclude before July 9, ahead of higher US tariffs taking effect.
- This would have been their first meeting after the Pulwama terror attack and India’s Operation Sindoora against terror infrastructure in Pakistan.
- Despite not being a G7 member, India was invited due to its global importance and role in representing the Global South.
- PM Modi arrived in Calgary, marking his first visit to Canada in over a decade.
- Modi will attend the G7 Outreach Summit Session and participate in discussions on:Energy security, Industry diversification, Technology and innovation, Affordability in the Global South
- His visit is part of a four-day tour to Cyprus, Canada, and Croatia.
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
Swiggy Appoints Saurav Goyal as SVP to Lead Driver and Delivery Operations
- Swiggy Limited, one of India’s largest on-demand convenience platforms, has appointed Saurav Goyal as Senior Vice President (SVP) and head of its Driver and Delivery Organisation.
- Saurav Goyal joined Swiggy in June 2020 and was earlier serving as head of business finance.
- In his previous role, Goyal contributed significantly to aligning financial planning with business outcomes and advancing Swiggy’s strategic objectives.
- The appointment reflects Swiggy’s emphasis on developing internal talent and building a future-ready organisation.
- As head of the Driver and Delivery Organisation, Goyal will lead initiatives to empower delivery partners, a key pillar of Swiggy’s ecosystem.
- This move comes amid Swiggy’s efforts to scale logistics and delivery capabilities in India’s competitive food and convenience commerce sectors.
- Goyal will continue to hold the role of Head of Business Finance temporarily until a successor is appointed.
- He brings over 18 years of experience in strategic finance and business transformation, with prior roles at Ola, Flipkart, and Tata Communications.
Anuradha Thakur to Succeed Ajay Seth on SEBI Board; RBI Board Notification Expected Soon
- Anuradha Thakur, Economic Affairs Secretary designate, will join the Board of Securities and Exchange Board of India (SEBI), effective July 1, 2025.
- She will replace Ajay Seth, the outgoing Finance and Economic Affairs Secretary, who retires on June 30,2025.
- A notification for her inclusion in the Central Board of the Reserve Bank of India (RBI) is also expected soon.
- Ajay Seth was an ex-officio member on both the SEBI and RBI Boards; Thakur will succeed him in both roles.
- The SEBI Board consists of a Chairman, four full-time members, and three part-time ex-officio members — including the RBI Deputy Governor, Economic Affairs Secretary, and Corporate Affairs Secretary.
- Apart from Thakur, Corporate Affairs Secretary Deepti Gaur Mukerjee is another government representative on SEBI’s Board.
- The RBI Central Board includes two ex-officio government nominees from the Finance Ministry — the Economic Affairs Secretary and Financial Services Secretary.
- Thakur will join as the new Economic Affairs Secretary member.
About Anuradha Thakur :
- Thakur is a 1994 batch IAS officer from the Himachal Pradesh cadre.
- She has served as Officer on Special Duty in the Economic Affairs Department and was earlier Additional Secretary in the Corporate Affairs Ministry.
- She was the first woman Economic Affairs Secretary, a post earlier held by leaders like Manmohan Singh and Montek Singh Ahluwalia.
- Previously, she led the PM Internship Programme and was in charge of the 3Is enforcement initiative (Inquiry, Inspection, Investigation).
- She served as Director of the Serious Fraud Investigation Office (SFIO) under the Companies Act.
- At DIPAM, she played a key role in strategic disinvestment of Air India, launching the HARAT Bond Exchange Traded Fund, and asset monetisation formalisation.
- As Economic Affairs Secretary, her responsibilities include representing the government on the boards of SEBI and RBI and advocating for an upgrade before rating agencies.
India Names New Ambassador to North Korea After Four-Year Gap
- India has appointed Aliawati Longkumer as the next Ambassador to North Korea, marking the resumption of diplomatic engagement after a four-year gap.
- Aliawati Longkumer is a 2008-batch Indian Foreign Service (IFS) officer and is currently serving as Charge d’affaires at the Indian Embassy in Asuncion, Paraguay.
- He will take charge in Pyongyang shortly, as per the Ministry of External Affairs (MEA).
- India reopened its embassy in Pyongyang in December 2024, after its closure in July 2021 due to COVID-19 pandemic-related disruptions.
- The last ambassador to North Korea before the closure was Atul Malhari Gotsurve.
- Before reopening, India conducted security assessments and implemented anti-surveillance measures.
- India halted all trade with North Korea in 2017 to comply with United Nations sanctions, but did not sever diplomatic ties.
- India–North Korea relations are shaped by strategic concerns, especially North Korea’s historical support to Pakistan’s missile programme.
- In 2018, Minister of State for External Affairs VK Singh visited North Korea.
- India has extended humanitarian assistance, including food and medical aid, and provided training to North Korean diplomats and scientists.
CURRENT AFFAIRS : DEFENCE NEWS
Indian Army Troops Depart for India-France Joint Military Exercise Shakti
- The Indian Army contingent has departed to participate in the 8th edition of Exercise SHAKTI, a biennial India-France Joint Military Exercise.
- The exercise will be conducted at Camp Larzac, La Cavalerie, France, from 18th June to 1st July 2025.
- The Indian contingent includes 90 personnel, primarily from the Jammu and Kashmir Rifles, along with troops from other arms and services.
- The French contingent, also comprising 90 personnel, will be represented by the 13th Foreign Legion Half-Brigade (13th DBLE).
- Exercise SHAKTI is held biennially and aims to enhance interoperability, operational coordination, and military-to-military cooperation between the two armies.
- The 2025 edition will focus on joint operations in a sub-conventional environment, under Chapter VII of the United Nations Charter, conducted in semi-urban terrain.
- The exercise will enable troops to:Rehearse tactical drills, Share best practices in Tactics, Techniques and Procedures (TTPs), Train on contemporary military technologies, Strengthen physical endurance
- It also fosters esprit-de-corps, mutual respect, and professional camaraderie between the Indian and French forces.
About Ministry of Defence:
- Cabinet Minister: Rajnath Singh
- Minister of State (MoS): Ajay Bhatt
Chiefs’ Chintan: Indian Army Enhances Coordination with Former Army Chiefs
- Chiefs’ Chintan is a structured two-day interaction between the Chief of the Army Staff (COAS), General Upendra Dwivedi, and former Chiefs of the Army Staff (CsOAS) held in New Delhi.
- The conclave is held after Operation SINDOOR and aims to leverage institutional knowledge and experience of former Chiefs to guide the transformation and future direction of the Indian Army.
- A key highlight was a detailed operational briefing on Operation SINDOOR, including the joint conduct of operations with the Indian Air Force and Navy.
- The operation’s execution, strategic impact, and jointmanship model were presented to provide context and invite inputs from former Chiefs.
- Updates were shared on the induction of niche technologies and modernisation initiatives aimed at enhancing the Army’s operational capabilities.
- Other discussions included:
- Technological Initiatives: Efforts on technology absorption in the Army.
- Viksit Bharat @2047: The Army’s contributions towards the Viksit Bharat vision for India by 2047.
- Human Resource and Veteran Welfare: Reforms in HR policies and initiatives for the welfare of veterans.
- The conclave reaffirmed continuity of leadership and a collective commitment to keep the Indian Army future-ready.
CURRENT AFFAIRS : ACQUISITIONS & MERGERS
UGRO Capital to Acquire Profectus Capital for ₹1,400 Crore
- UGRO Capital Limited, a Non-Banking Financial Company (NBFC), has proposed to acquire 100% shares of Profectus Capital Pvt Ltd for a cash consideration of Rs 1,400 crore.
- The acquisition aims to expand UGRO’s MSME loan business.
- UGRO has signed a Share Purchase Agreement (SPA) with existing shareholders of Profectus for the deal.
- The all-cash deal will be paid in a single tranche at closing, funded by proceeds from UGRO’s recent equity raise.
- Post-acquisition, Profectus Capital will become a wholly owned subsidiary of UGRO Capital.
- The acquisition is expected to add approximately Rs 150 crore of annualised profit to UGRO.
- It is a capital adequacy accretive transaction, meaning it strengthens UGRO’s capital base.
- The deal is estimated to generate:Rs 115 crore in cost savings through operational efficiencies, Incremental profitability of Rs 150 crore, Boost in Return on Assets (ROA) by 0.6-0.7% post-merger.
- The combined entity will have a strengthened asset mix with a higher share of secured assets, supporting growth in emerging market and embedded finance businesses.
Competition Commission of India Approves Mahindra & Mahindra’s Acquisition of SML Isuzu Limited
- The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of SML Isuzu Limited by Mahindra and Mahindra Limited.
- The deal pertains to Mahindra and Mahindra Limited (Acquirer) acquiring SML Isuzu Limited (Target).
- Mahindra and Mahindra Limited is the flagship company of the Mahindra Group, a leading Indian conglomerate with diversified interests across sectors such as:Automotive, Farm equipment, Agricultural products and services, Power generation equipment, Financial services, Information technology, Logistics, Alternative energy, Aerospace, Steel processing, Trading, Insurance broking, Real estate and infrastructure, Hospitality
- The Target company, SML Isuzu Limited, is engaged in the manufacture and sale of commercial vehicles (CVs).
About CCI:
- The Competition Commission of India (CCI) is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act of 2002.
- Founded: October 14, 2003
- Headquarters: New Delhi, India
- Chairperson: Ravneet Kaur
Competition Commission of India Approves Delhivery’s Acquisition of 99.44% Stake in Ecom Express
- The Competition Commission of India (CCI) has approved the acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Limited by Delhivery Limited.
- The Proposed Combination involves Delhivery acquiring a majority controlling stake in Ecom Express.
About Delhivery Limited:
- A publicly listed Indian company.
- Known for investments in automation, self-developed logistics technology, and data intelligence capabilities.
- Operates through both domestic and global partners.
About Ecom Express Limited:
- A public unlisted Indian company.
- Specializes in logistics solutions for the Indian e-commerce industry.
- The acquisition will enhance Delhivery’s market share in the e-commerce logistics sector and strengthen its operational network.
CURRENT AFFAIRS: RANKING AND REPORTS
SIPRI Report 2025: India Expands Nuclear Arsenal Amid Global Modernisation
- India has reportedly increased its nuclear weapons capability in 2024, according to the Stockholm International Peace Research Institute (SIPRI) Yearbook 2025, which highlights a worrying global trend of nuclear modernisation by all nine nuclear-armed countries.
Key Highlights:
- India’s Expansion:
- Slight increase in nuclear warheads.
- Ongoing development of advanced nuclear delivery systems.
- Introduction of canisterised missiles capable of carrying multiple warheads (MIRVs).
- Global Nuclear Landscape:
- All nine nuclear powers (US, Russia, China, India, Pakistan, UK, France, Israel, North Korea) are modernising arsenals.
- China’s stockpile grew fastest, with approximately 600 warheads and 350 new ICBM silos, potentially rivaling the US and Russia by 2030.
- Estimated global total of 12,241 nuclear warheads (as of January 2025), with 9,614 in military stockpiles.
- About 3,912 warheads are actively deployed; 2,100 are on high alert mainly in the US and Russia.
- China is shifting towards keeping warheads on missiles even during peacetime.
India’s Nuclear Doctrine:
- Maintains a policy of credible minimum deterrence.
- Upholds a No First Use (NFU) doctrine.
- Continues developing missile systems with enhanced capabilities.
SIPRI’s Warning:
- The report highlights the emergence of a dangerous new nuclear arms race amid stalled disarmament talks.
- Rising nuclear modernisation raises global security risks, especially in the increasingly tense Indo-Pacific region.
IndiGo Ranks 3rd Globally Among Low-Cost Airlines in Skytrax 2025 Awards
- In a major global achievement for Indian aviation, IndiGo has been ranked 3rd in the World’s Best Low-Cost Airlines 2025 by Skytrax World Airline Awards, placing India firmly on the international aviation map.
- While IndiGo gained global recognition in the low-cost category, no I ndian full-service airline appeared in the top 10 full-service airline rankings this year.
Key Highlights:
- Skytrax Awards are regarded as the “Oscars of the aviation industry”, established in 1999.
- The 2025 edition was based on 22.3 million passenger votes globally, covering over 325 airlines.
- The award ceremony was held at Le Bourget Airport during the Paris Air Show, attended by over 500 industry leaders including CEOs and crew members.
- IndiGo ranked 3rd in the World’s Best Low-Cost Airlines 2025, behind:
- AirAsia (Malaysia)
- Scoot (Singapore)
- IndiGo (India)
- Eurowings (Germany)
- Vueling Airlines (Spain)
- Volotea (Spain)
- Transavia (Netherlands)
- Iberia Express (Spain)
- Flynas (Saudi Arabia)
- easyJet (UK)
- IndiGo’s recognition is attributed to its affordable fares, operational efficiency, and dependable domestic and international service.
- In the full-service airline category, Qatar Airways topped the rankings, winning the title for the ninth time.
-
- Other top full-service airlines included:
- Qatar Airways
- Singapore Airlines
- Cathay Pacific
- Emirates
- ANA All Nippon Airways (Japan)
- Turkish Airlines
- Korean Air
- Air France
- Japan Airlines
- Hainan Airlines
- Other top full-service airlines included:
- Qatar Airways also received several other awards:
-
- World’s Best Business Class
- Best Business Class Lounge
- Best Airline in the Middle East
- Singapore Airlines, a previous five-time winner, was awarded:
-
- World’s Best Cabin Crew
- Best First Class
- Best Airline in Asia
- The recognition for IndiGo reflects its:
-
- Strong network connectivity across Asia and international sectors
- Commitment to punctuality and cost-efficiency
- Contribution to setting benchmarks in the Indian low-cost airline sector
CURRENT AFFAIRS: MOUS AND AGREEMENT
Indian Council of Medical Research (ICMR) and World Health Organization (WHO) Launch India’s First National Child Growth Standards Survey
- For the first time, the Indian Council of Medical Research (ICMR), in collaboration with the World Health Organization (WHO), has initiated a nationwide survey to develop India-specific Child Growth Standards, updating the outdated 2006 WHO benchmarks.
Key Highlights:
- Scope & Objective: Measure height, weight, and calculate a mass index for all children up to two years old to establish accurate growth references.
- Zonal Coverage: Survey spans six climatically diverse zones—Shillong (North East), Delhi (North), Pune (West), Bengaluru (South), Purulia (East), plus one more—to capture regional variations in growth.
- Longitudinal Design: 500 healthy pregnant women enrolled; their offspring will be tracked from birth to age two, recording health metrics, nutritional intake, and ailments.
- Data-Driven Standards: Compiled data will yield India-specific growth curves, pinpointing nutritional deficits and informing targeted interventions.
- Impact on Child Welfare Programs: Findings will guide enhancements in Anganwadi services, Mid-Day Meal schemes, and pediatric treatment protocols, ensuring better nutrition monitoring and policy alignment for early childhood development.
TCS Partners with Council of Europe Development Bank to Modernise Financial Operations
- Tata Consultancy Services (TCS) has announced a strategic partnership with the Council of Europe Development Bank (CEB) to transform the bank’s transaction reconciliation processes.
- This initiative highlights India’s growing influence in global financial technology and the role of AI in improving operational efficiencies.
Key Highlights:
- Partnership Overview:
- TCS will deploy its AI-powered solution TCS BaNCS™ for Reconciliations.
- The goal is to automate and modernise the CEB’s reconciliation processes for enhanced accuracy, control, and operational transparency.
- Strategic Importance:
- Demonstrates India’s leadership in IT-led financial innovation.
- Integrates AI and automation into the core banking functions of a major European financial institution.
- Aligns with CEB’s mission to improve operational efficiency for better delivery of social development projects across Europe.
- Core Features of the Solution:
- End-to-end automation across the reconciliation lifecycle.
- Transaction matching, exception handling, investigation, and reporting.
- Seamless integration with CEB’s existing core banking systems.
- Technological Advantages:
- AI-driven analytics for real-time visibility and faster turnaround.
- Reduces manual intervention, improving productivity and reducing errors.
- Facilitates timely decision-making through accurate and transparent data.
- Benefits for CEB:
- Greater transparency and control over daily operations.
- Reduced manual workload and improved reporting accuracy.
- Better alignment with the bank’s goals of social inclusion and development.
About the Council of Europe Development Bank (CEB):
-
- Established: 1956
- Headquarters: Paris, France
- Members: 43 European countries
- Mission: Promote social cohesion through financing in sectors like education, housing, and healthcare.
CURRENT AFFAIRS: SPORTS NEWS
Smriti Mandhana Returns to No.1 in ICC Women’s ODI Batting Rankings
- India’s star opener Smriti Mandhana has reclaimed the top spot in the ICC Women’s ODI Batting Rankings, marking her first return to number one since November 2019.
- The 28-year-old scored 727 rating points to displace South Africa’s Laura Wolvaardt, who now shares second place with England’s captain Nat Sciver-Brunt.
Key Details:
- Mandhana’s Recent Form:
She showcased her resurgence by scoring her 11th ODI century in the tri-series final against Sri Lanka and South Africa in Colombo, helping India secure the title. - Wolvaardt’s Ranking Drop:
Wolvaardt’s scores of 27 and 28 in South Africa’s ongoing series versus West Indies contributed to her slide in the rankings. - Other Notable Movers:
- Tazmin Brits (South Africa): Climbed 5 places to 27th after a half-century in the Barbados series.
- Shemaine Campbelle (West Indies): Jumped 7 spots to 62nd.
- Qiana Joseph (West Indies): Rose 12 places to joint-67th after scoring 60 in the first ODI.
- Sune Luus (South Africa): Moved up 7 places to 42nd in batting and also reached 42nd in bowling rankings after a 76-run innings.
- Bowling Rankings Update:
West Indies spinner Afy Fletcher made the biggest leap into the top 20, now ranked 19th following a four-wicket haul against South Africa. England’s Sophie Ecclestone remains the top-ranked ODI bowler.
Indian-American Faizan Zaki wins 2025 Scripps National Spelling Bee
- Faizan Zaki, a 13-year-old Indian-American student from Texas, won the 2025 Scripps National Spelling Bee by correctly spelling “éclaircissement”, meaning “the clearing up of something obscure: enlightenment.”
- Zaki is a 7th-grade student at C M Rice Middle School and had finished second in 2024, losing in a spell-off to Bruhat Soma.
Key Highlights:
- This was Zaki’s fourth time participating in the Spelling Bee, previously finishing 21st in 2023 and 370th in 2019.
- He became only the fifth speller in Bee history to win after finishing second the previous year.
- Zaki won the title in Round 21, outlasting eight other accomplished spellers.
- In what could have been the final round, Sarvadnya Kadam and Sarv Dharavane misspelled their words, giving Zaki another chance after an earlier miss.
- The championship trophy was presented by Adam Symson, President and CEO of The E.W. Scripps Company.
- This year marks the 100th anniversary of the Scripps National Spelling Bee, which began in 1925 with only 9 participants.
- Zaki will receive $50,000, a medal, a trophy, and a $2,500 prize along with a reference library from Merriam-Webster.
- Sarvadnya Kadam of California placed second and will receive $25,000, while Sarv Dharavane of Georgia placed third and will receive $15,000.
- 30 of the past 36 champions, including Zaki, have been Indian-American.
- Nupur Lala was the first Indian-American to win the competition in 1999.
Chennai to Host Inaugural Hockey India Masters Cup 2025
- The first-ever Hockey India Masters Cup will be held in Chennai from June 18–27, 2025, bringing together veteran men’s and women’s teams to celebrate India’s rich hockey heritage.
- Organized by the Hockey Unit of Tamil Nadu at the Mayor Radhakrishnan Hockey Stadium, the tournament features former Olympians and national players competing in age-based categories.
Key Highlights:
- Dates & Venue: June 18–27 at Mayor Radhakrishnan Hockey Stadium, Chennai.
- Organiser: Hockey Unit of Tamil Nadu (HUTN) leading India’s first national-level veterans’ hockey event.
- Age Categories:
- Men’s (40+ years)
- Women’s (35+ years)
- Tournament Structure:
- Group stage across four men’s and two women’s pools
- Knockout rounds culminating in finals
- Participating Teams:
- Men’s (12 teams): Andhra Pradesh, Tamil Nadu, Kerala; Odisha, Punjab, Puducherry; Chandigarh, Maharashtra, Manipur; Haryana, Karnataka, Tripura
- Women’s (8 teams): Himachal Pradesh, Karnataka, Maharashtra, Kerala; Odisha, Haryana, Punjab, Tamil Nadu
Ankita Raina and Alice Robbe Triumph in Guimarães ITF Doubles Final
- Indian star Ankita Raina, partnering with France’s Alice Robbe, staged a stunning comeback to win the doubles title at the $40,000 ITF Women’s Tournament in Guimarães, Portugal.
- The fourth-seeded pair overcame a 1–6 first-set loss to defeat Japan’s Hiromi Abe and Kanako Morisaki 6-4, [10-8] in a gripping three-set final.
Key Highlights:
- Comeback Victory: After dropping the opening set 1–6, Raina and Robbe rallied to claim the second set 6–4 and edged the match tiebreak [10–8].
- Career Milestone: This win marks Ankita Raina’s 32nd career doubles title and her third in 2025, underscoring her longevity and consistency at age 32.
- Rise of Robbe: For 25-year-old Alice Robbe, this victory adds to her 8 ITF doubles titles, signaling her growing prowess on the circuit.
- Indo-French Partnership: The successful collaboration highlights cross-border synergy and the strength of combining experience (Raina) with emerging talent (Robbe).
- Tournament Context: The final at a $40K ITF event in Guimarães featured top seeds, amplifying the significance of their underdog triumph.
Russell Triumphs at Canadian GP as Norris–Piastri Collision Shapes Title Race
- Mercedes driver George Russell claimed his first victory of the 2025 season at the Canadian Grand Prix, held at Circuit Gilles Villeneuve in Montreal.
- The race’s defining moment came on Lap 66, when McLaren teammates Lando Norris and Oscar Piastri collided during a battle for fourth place, ending Norris’s race.
Key Highlights:
- Collision Incident: Norris misjudged an overtaking move on Piastri at the pit straight, crashing into his teammate and suffering front suspension failure that forced his retirement.
- Podium Finishers:
- 1st: George Russell (Mercedes)
- 2nd: Max Verstappen (Red Bull)
- 3rd: Kimi Antonelli (Mercedes)
- 4th: Oscar Piastri (McLaren)
- Alternate Strategy: Norris had started on hard tyres and was executing an aggressive charge up the field when the incident occurred.
- Race Conclusion: The crash brought out the safety car, under which the race finished.
- Championship Impact:
- Piastri’s lead over Norris extends to 22 points.
- Verstappen now sits 21 points behind Norris.
- Mercedes Momentum: Russell’s win provides vital confidence for Mercedes after a challenging start to the season.
CURRENT AFFAIRS: IMPORTANT DAYS
Global Observance of International Day for Countering Hate Speech
- On 18 June, the world observes the International Day for Countering Hate Speech, renewing commitments to combat the spread of online hate and protect vulnerable communities.
- This year’s observance highlights practical measures—from AI governance to community education—to safeguard democratic values and human rights.
Key Highlights:
- Scope of the Threat: Hate speech thrives in hyper-connected digital spaces, targeting women, LGBTI individuals, and ethnic or religious minorities, and can victimize anyone.
- Local Action Roadmap: Authorities are urged to implement educational programmes to prevent radicalisation, deploy AI-powered early-warning systems, and support elected officials facing online abuse.
- AI’s Dual Role: While AI can detect and block hateful content, unregulated algorithms risk amplifying it—necessitating ethical governance under frameworks like the Global Digital Compact.
- UN Frameworks: The UN Strategy and Plan of Action on Hate Speech (2019) and the 2021 GA resolution on “Promoting inter-religious and intercultural dialogue” call for a multistakeholder approach involving governments, tech firms, civil society, educators, and faith leaders.
- #NoToHate Campaign: Encourages individual responsibility—speaking out in workplaces, schools, and online—to prevent hate from normalizing and to foster a culture of respect and inclusion.
International Day of Family Remittances 2025 — June 16
- The International Day of Family Remittances (IDFR) is observed annually on June 16 to recognize the vital financial contributions made by migrant workers who send money back home to support their families and communities.
- These remittances are more than just money transfers — they are crucial lifelines that foster development and resilience worldwide.
- 2025 Theme: “Remittances financing development”
- The 2025 observance on June 16 emphasized renewed global commitment to harness remittances as powerful tools for development.
- Recognized by the United Nations General Assembly, the day raises awareness about how over 1 billion people worldwide—both senders and recipients—benefit from remittance flows.
Historical Background
- The IDFR was initiated on June 16, 2008, by the International Fund for Agricultural Development (IFAD) and the World Bank.
- Originally aimed at highlighting the development impact of migrant workers’ remittances, it has grown into a global platform advocating for migrant family empowerment, financial inclusion, and innovation.
International Domestic Workers’ Day 2025 — June 16
- International Domestic Workers’ Day, observed annually on June 16, highlights the critical need for decent work, fair wages, social protection, and legal rights for millions of domestic workers worldwide — especially women and migrants.
- Purpose: To honor the invaluable contributions of domestic workers who provide essential care and support in households globally.
- Origin: The day commemorates the adoption of ILO Convention 189 (C189) on June 16, 2011, which established, for the first time, international labor standards specifically for domestic workers.
- 2025 Focus: Urging governments and stakeholders to take meaningful action to ensure dignity, rights, and protections for domestic workers everywhere.
- The International Trade Union Confederation (ITUC) is renewing calls for governments to ratify and fully implement:
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- ILO Convention 189 on Decent Work for Domestic Workers
- ILO Convention 190 on Violence and Harassment in the World of Work.
Sustainable Gastronomy Day 2025: June 18
- Observed every year on 18 June, Sustainable Gastronomy Day highlights the crucial link between food, culture, health, and environmental sustainability.
- Spearheaded by the United Nations (UN), UNESCO, and the Food and Agriculture Organization (FAO), the day encourages the global community to adopt eco-friendly and culturally respectful food practices.
- In 2025, Sustainable Gastronomy Week (16-22 June) will bring together young chefs to once again craft custom menus to celebrate the week, featuring the theme “Local Seeds, Local Eats”.
- This year’s theme challenges young chefs worldwide to rethink what it truly means to eat locally and go further than simply sourcing ingredients from nearby farms.
Key Highlights:
- Definition and Concept:
- Sustainable gastronomy refers to food practices that are environmentally friendly, culturally rooted, and economically viable.
- It emphasizes local, seasonal ingredients, resource-efficient production, and minimal environmental impact while respecting culinary traditions.
- UN’s Official Recognition:
- The UN General Assembly designated 18 June as Sustainable Gastronomy Day via resolution A/RES/71/246 in December 2016.
- The observance acknowledges food as both a cultural expression and a driver of sustainable development.
- UNESCO’s Role and Creative Cities Network:
- UNESCO launched the Creative Cities Network (UCCN) in 2004, with 56 cities named “Creative Cities of Gastronomy” as of 2025.
- Initiatives include:
- Promoting clean energy in restaurants (shift to gas/electricity)
- Public education through food shows and exhibitions
- Supporting local farmers to preserve traditions using sustainable practices
World Sickle Cell Awareness Day 2025: June 19
- Every year on June 19th, World Sickle Cell Day is commemorated to raise awareness of the human Sickle Cell illness.
- The UN declared the day, and it has served to raise awareness of the condition, its organization, the care and measures that should be taken, and the treatment that should be given to someone who is suffering from it.
- This year, 2025, the World Sickle Disease Day theme is “Global Action, Local Impact: Empowering Communities for Effective Self-Advocacy”.
History
- The United Nations General Assembly declared World Sickle Cell Day in 2008 to promote awareness of sickle cell illness. They also highlighted the agony and emotional devastation that a patient with the condition must endure.
- As a result, on June 19, 2009, World Sickle Cell Day was commemorated for the first time. Sickle cell disease has spread throughout the world and has gradually evolved into a hereditary and genetic illness. Due to the fact that a large population is now infected with the illness, it is critical that sufferers receive increased knowledge, effective care, and treatment.
World Sauntering Day 2025: June 19
- On the 19th of June every year, World Sauntering Day is observed each year all over the world to encourage people to slow down and appreciate the world around them and connect with nature.
- World Sauntering Day 2025, sometimes also known as International Sauntering Day.
- The purpose of this day is to remind the public to slow down and enjoy their life.
History
- In 1979, T. Rabe established World Sauntering Day. He was the one who started this holiday in the 1970s.
- This day was created in response to jogging’s growing popularity. W.T. Rabe, it appears, has also devised a few sauntering norms.
- This act must be performed in comfortable clothing, and “some people are just born with it,” according to W.T. Rabe.
- The purpose of commemorating this day is to encourage people to take a break, enjoy life, and appreciate what they have.
Daily CA One- Liner: June 19
- The Ministry of Tribal Affairs rolled out the DhartiAaba Janbhagidari Abhiyan from June 15–30, 2025, marking the largest benefit saturation campaign in India’s tribal areas
- India showcased its leadership in biodiversity conservation by hosting the first-ever Assembly of the International Big Cat Alliance (IBCA) in New Delhi
- In a historic move, Bihar has become the first state in India to implement mobile-based e-voting, set to debut during the urban local body elections on 28th June 2024
- India has reportedly increased its nuclear weapons capability in 2024, according to the Stockholm International Peace Research Institute (SIPRI) Yearbook 2025, which highlights a worrying global trend of nuclear modernisation by all nine nuclear-armed countries
- In a major global achievement for Indian aviation, IndiGo has been ranked 3rd in the World’s Best Low-Cost Airlines 2025 by Skytrax World Airline Awards, placing India firmly on the international aviation map
- For the first time, the Indian Council of Medical Research (ICMR), in collaboration with the World Health Organization (WHO), has initiated a nationwide survey to develop India-specific Child Growth Standards, updating the outdated 2006 WHO benchmarks
- Tata Consultancy Services (TCS) has announced a strategic partnership with the Council of Europe Development Bank (CEB) to transform the bank’s transaction reconciliation processes.
- India’s star opener Smriti Mandhana has reclaimed the top spot in the ICC Women’s ODI Batting Rankings, marking her first return to number one since November 2019
- The first-ever Hockey India Masters Cup will be held in Chennai from June 18–27, 2025, bringing together veteran men’s and women’s teams to celebrate India’s rich hockey heritage.
- Organized by the Hockey Unit of Tamil Nadu at the Mayor Radhakrishnan Hockey Stadium, the tournament features former Olympians and national players competing in age-based categories.
- Indian star Ankita Raina, partnering with France’s Alice Robbe, staged a stunning comeback to win the doubles title at the $40,000 ITF Women’s Tournament in Guimarães, Portugal.
- Mercedes driver George Russell claimed his first victory of the 2025 season at the Canadian Grand Prix, held at Circuit Gilles Villeneuve in Montreal
- On 18 June, the world observes the International Day for Countering Hate Speech, renewing commitments to combat the spread of online hate and protect vulnerable communities
- The International Day of Family Remittances (IDFR) is observed annually on June 16 to recognize the vital financial contributions made by migrant workers who send money back home to support their families and communities
- International Domestic Workers’ Day, observed annually on June 16, highlights the critical need for decent work, fair wages, social protection, and legal rights for millions of domestic workers worldwide — especially women and migrants
- Observed every year on 18 June, Sustainable Gastronomy Day highlights the crucial link between food, culture, health, and environmental sustainability
- Every year on June 19th, World Sickle Cell Day is commemorated to raise awareness of the human Sickle Cell illness
- On the 19th of June every year, World Sauntering Day is observed each year all over the world to encourage people to slow down and appreciate the world around them and connect with nature
- The Reserve Bank of India (RBI) has increased agency commission for banks conducting government business such as revenue receipts and payments, pension payments, and other related transactions.
- National Payments Corporation of India (NPCI), in partnership with JCB International, announced a limited-time 25% cashback offer for RuPay debit and credit cardholders.
- The Securities and Exchange Board of India (SEBI) is encouraging investors to make payments to investment advisers and research analysts through the Centralized Fee Collection Mechanism (CeFCoM) to protect against financial fraud and unauthorized fund collections.
- First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates (UAE), has implemented Intellect Design Arena’s eMACH.ai Lending platform as part of its digital transformation journey.
- Indian Prime Minister Narendra Modi is set to hold a crucial meeting with Canadian PM Mark Carney to “reset” bilateral ties.
- Swiggy Limited, one of India’s largest on-demand convenience platforms, has appointed Saurav Goyal as Senior Vice President (SVP) and head of its Driver and Delivery Organisation.
- Anuradha Thakur, Economic Affairs Secretary designate, will join the Board of Securities and Exchange Board of India (SEBI), effective July 1, 2025.
- India has appointed Aliawati Longkumer as the next Ambassador to North Korea, marking the resumption of diplomatic engagement after a four-year gap.
- The Indian Army contingent has departed to participate in the 8th edition of Exercise SHAKTI, a biennial India-France Joint Military Exercise.
- Chiefs’ Chintan is a structured two-day interaction between the Chief of the Army Staff (COAS), General Upendra Dwivedi, and former Chiefs of the Army Staff (CsOAS) held in New Delhi.
- UGRO Capital Limited, a Non-Banking Financial Company (NBFC), has proposed to acquire 100% shares of Profectus Capital Pvt Ltd for a cash consideration of Rs 1,400 crore.
- The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of SML Isuzu Limited by Mahindra and Mahindra Limited.
- The Competition Commission of India (CCI) has approved the acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Limited by Delhivery Limited.
- Chennai has launched India’s first “Gig Workers’ Pod”.
- Belum Caves, located in Kolimigundla mandal, Nandyal district, Andhra Pradesh, have been declared a Geo Heritage Site by the Geological Survey of India (GSI).
- Faizan Zaki, a 13-year-old Indian-American student from Texas, won the 2025 Scripps National Spelling Bee by correctly spelling “éclaircissement”, meaning “the clearing up of something obscure: enlightenment.”
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