Daily News One Liner: 21-May-2025
- Prime Minister Narendra Modi addressed the 78th World Health Assembly in Geneva, highlighting India’s inclusive health initiatives and advocating for global collaboration under the theme ‘One World for Health’.
- India commemorated the 150th anniversary of the Metre Convention on World Metrology Day 2025, introducing significant reforms in legal metrology to enhance consumer protection and align with global standards.
- Mizoram has officially been declared the first fully literate state in India, achieving a literacy rate of 98.20% through the ULLAS – Nav Bharat Saaksharta Karyakram.
- India presented its strategic vision for renewable energy and green hydrogen at the World Hydrogen Summit 2025 in Rotterdam, emphasizing its commitment to achieving 5 million metric tonnes of green hydrogen production by 2030.
- India, represented by Union Minister Shri Manohar Lal, emphasized inclusive energy governance and showcased its clean energy achievements at the BRICS Energy Ministers’ Meeting held in Brasília on May 19, 2025.
- India’s foodgrain production reached a record 1,663.91 lakh tonnes in FY25, marking an increase of over 106 lakh tonnes from the previous year, as announced by Union Agriculture Minister Shivraj Singh Chouhan.
- Foxconn is investing $1.5 billion in its Indian subsidiary, Yuzhan Technology India, to bolster iPhone production and support Apple’s strategy to diversify manufacturing away from China.
- Maruti Suzuki India Ltd has entered into a strategic partnership with Standard Chartered Bank to provide comprehensive inventory funding solutions to over 4,000 dealerships across India.
- The Government e-Marketplace (GeM) is set to introduce global tendering and rate contract functionalities to its platform, aiming to enhance flexibility and competitiveness in public procurement processes.
- The Reserve Bank of India (RBI) has proposed new guidelines to limit the exposure of regulated entities (REs), including banks and non-bank financial companies (NBFCs), to Alternative Investment Funds (AIFs), aiming to mitigate concentration risks and enhance financial stability.
- The Competition Commission of India (CCI) has approved Bajaj Group’s acquisition of Allianz SE’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for ₹24,180 crore, marking the largest deal in India’s insurance sector.
- The State Bank of India (SBI) has received approval from its Executive Committee to raise up to $3 billion in long-term funds during the financial year 2025-26.
- ICRA forecasts India’s GDP growth to reach 6.9% in Q4 FY2025, with a full-year expansion of 6.3%, indicating a slowdown from the previous fiscal year.
- The Maharashtra Cabinet has approved a ₹70,000 crore housing policy aiming to construct 35 lakh homes for Economically Weaker Sections (EWS) and Low-Income Groups (LIG) by 2030, focusing on affordability, sustainability, and inclusivity.
- The Uttar Pradesh government has approved private investments totaling ₹6,772 crore to establish facilities that will enhance the state’s ethanol production capacity by 1.06 billion litres, reinforcing its position as India’s leading ethanol producer.
- Microsoft introduced Magentic-UI at Build 2025, a human-centered AI agent designed to collaborate with users in performing complex online tasks while maintaining full transparency of its actions.
- Veteran nuclear scientist and former Chairman of the Atomic Energy Commission, M R Srinivasan, passed away on May 20, 2025, in Udhagamandalam, Tamil Nadu, at the age of 95).
- TIME magazine’s inaugural list of the 100 Most Influential People in Philanthropy 2025 features Indian philanthropists Mukesh and Nita Ambani, Azim Premji, and Nikhil Kamath for their significant contributions to social causes.
- Maharashtra secured its third consecutive championship at the Khelo India Youth Games 2025, held in Patna, Bihar, topping the medal tally with 158 medals, including 58 golds.
- George Verghese has been appointed as the Managing Director of Kirloskar Industries Limited (KIL) for a five-year term commencing May 21, 2025, subject to shareholder approval.
- National Anti-Terrorism Day is observed annually on May 21 to commemorate the assassination of former Prime Minister Rajiv Gandhi in 1991 and to reaffirm India’s commitment to combating terrorism.
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