Daily News One Liner: 06-May-2025

News in One Liner:

1. CSIR-IIIM Jammu’s mentored project, the Solar Mech Engine, wins top honor at the Jigyasa Hackathon, showcasing innovation in renewable energy.
2. Secretary, Department of Financial Services reviews performance of Regional Rural Banks and progress on amalgamation plan, emphasizing enhanced lending and sustainability
3. DRDO and Indian Navy successfully conduct combat firing of indigenous Multi-Influence Ground Mine (MIGM), marking a significant advancement in undersea warfare capabilities.
4. Secretary, Department of Financial Services reviews performance of Regional Rural Banks and progress on amalgamation plan, emphasizing enhanced lending and sustainability.
5. Shri Prakash Magdum assumes charge as Managing Director of National Film Development Corporation (NFDC).
6. India achieves record production in key minerals and non-ferrous metals in FY 2024-25, indicating robust growth in the mining sector.
7. Union Minister Satish Chandra Dubey commends Bharat Coking Coal Limited (BCCL) for achieving a record 3.39 million tonnes of coal production in April 2025.
8. Coal India Ltd (CIL) signs MoU with Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) to establish a 500 MW solar power project in Uttar Pradesh, marking a significant step towards renewable energy adoption.
9. Bharti Airtel’s B2B arm launches ‘Business Name Display’ (BND) solution, enabling enterprises to display their brand name on recipients’ mobile screens during outgoing calls.
10. Chhattisgarh Chief Minister Vishnu Deo Sai lays the foundation for India’s first AI-based data park in Nava Raipur, aiming to bolster the state’s digital infrastructure and employment opportunities.
11. France launches ‘Classes Internationales’, a one-year foundation program enabling Indian students with minimal French proficiency to access over 200 French university degrees.
12. PhonePe unveils its next-generation ‘Made in India’ SmartSpeaker, enhancing digital payment experiences for merchants with improved features and localized manufacturing.
13. A recent report by Mavenark Advisors indicates that Non-Banking Financial Companies (NBFCs) have consistently outpaced India’s GDP growth and are projected to continue this trend, driven by robust expansion in retail and rural lending sectors.
14. Reserve Bank of India (RBI) added nearly 58 metric tonnes of gold to its reserves in FY25, increasing gold’s share to approximately 11.7% of total foreign exchange reserves.
15. Andhra Pradesh has signed a Memorandum of Understanding (MoU) to establish ‘Creator Land’, India’s first transmedia entertainment city, aiming to generate 25,000 jobs and attract ₹10,000 crore in investments
16. Chhattisgarh has secured investment proposals exceeding ₹4.50 lakh crore within six months of launching its new industrial policy, with projects like a semiconductor unit and an AI-based Data Center Park underway
17. Gujarat’s Goods and Services Tax (GST) collection in April 2025 surged by 13% to ₹14,970 crore, outperforming the national average and securing the third position nationwide.
18. UBS has agreed to pay $511 million to settle a U.S. tax investigation related to its former rival, Credit Suisse.
19. CBI Director Praveen Sood is likely to receive a one-year extension after the high-level selection committee failed to reach a consensus on his successor.
20. Rohit Sharma’s India maintains dominance in the latest ICC rankings for ODIs and T20Is, while Sri Lanka and Afghanistan register significant improvements.