Daily News One Liner: 23-May-2025
- Prime Minister Narendra Modi inaugurated, laid the foundation stone, and dedicated multiple development projects worth ₹26,000 crore in Bikaner, Rajasthan.
- India Post Payments Bank (IPPB) partners with Aditya Birla Capital Limited (ABCL) to provide seamless access to diverse loan products nationwide.
- President Droupadi Murmu conferred six Kirti Chakras (including four posthumous) and 33 Shaurya Chakras (including seven posthumous) to Armed Forces, CAPF, and State/UT Police personnel during the Defence Investiture Ceremony 2025 (Phase-I) at Rashtrapati Bhawan, New Delhi on May 22, 2025.
- Union Minister Ashwini Vaishnaw urges industry and academia to collaborate in developing a future-ready workforce to drive India’s manufacturing growth under the Viksit Bharat 2047 vision.
- Honda Motorcycle & Scooter India (HMSI) announces a ₹920 crore investment to establish a fourth production line at its Vithalapur plant in Gujarat, slated to commence operations by 2027.
- The Indian government has finalized the coal production target for FY26 at 1.15 billion tonnes, aiming to bolster energy security and meet increasing demand.
- The Spices Board of India has introduced the SPICED scheme to enhance sustainable and value-added spice exports, focusing on improving productivity, quality, and global competitiveness.
- Adani Ports and Special Economic Zone Ltd. (APSEZ) has obtained a $150 million loan from DBS Group Holdings Ltd. to fund capital expenditure, marking its first major international financing since recent legal challenges.
- Non-Resident Indian (NRI) deposits in Indian banks increased by 9.9% in FY25, reaching $16.16 billion, with total outstanding deposits at $164.7 billion by March 2025.
- Commercial credit supply in India decreased by 11% year-on-year in Q4 FY25 due to asset quality concerns and external headwinds, as per the SIDBI-CIBIL report.
- Indian banks are urging the Reserve Bank of India (RBI) to reinstate overnight liquidity management operations and relax cash reserve ratio (CRR) maintenance requirements to enhance lending capacity and economic growth.
- Morgan Stanley has revised India’s GDP growth projections to 6.2% for FY26 and 6.5% for FY27, citing de-escalation in US-China trade tensions and robust domestic demand.
- India has officially assumed the chairmanship of the Asian Productivity Organization (APO) for the 2025–26 term during the 67th Governing Body Meeting held in Jakarta, Indonesia.
- As of April 30, 2025, Gujarat has become India’s leading state in renewable energy, with a total installed capacity of 35.16 GW, contributing 15.72% to the nation’s total renewable energy output.
- Telangana has emerged as the top-performing state in India for recovering stolen and lost mobile phones, with 78,114 devices traced through the Central Equipment Identity Register (CEIR) portal as of May 19, 2025.
- OpenAI has acquired io, a hardware startup co-founded by former Apple design chief Jony Ive, in a $6.5 billion all-stock deal to develop next-generation AI devices.
- BRICS-led New Development Bank (NDB) has officially admitted Algeria as its new member, expanding the bank’s global footprint and strengthening cooperation with African nations.
- Launched on May 9, 2015, the Pradhan Mantri Suraksha Bima Yojana (PMSBY) has completed ten years, providing affordable accident insurance to over 50 crore Indians, especially in rural and underserved areas.
- World No. 1 Jannik Sinner advanced to the third round of the 2025 Italian Open by defeating Jesper de Jong 6–4, 6–2 in the Round of 32.
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