Daily News One Liner: 27-May-2025
- Union Minister Sarbananda Sonowal announced plans to operationalize 47 new National Waterways by 2027, aiming for a cargo volume increase to 156 million tonnes per annum (MTPA) by 2026.
- Prime Minister Narendra Modi inaugurated and laid the foundation stone for development projects worth over ₹24,000 crore in Dahod, Gujarat, emphasizing self-reliance and national unity in building a Viksit Bharat.
- The 2025 Breakthrough Prize in Fundamental Physics was awarded to CERN’s LHC experiments—ATLAS, CMS, ALICE, and LHCb—with significant contributions from Indian scientists and institutions.
- India actively participated in the 9th BRICS Industry Ministers’ Meeting held in Brasília, Brazil, focusing on strengthening global south cooperation and launching the BRICS Startup Knowledge Hub to enhance cross-border collaboration.
- Union Earth Sciences Minister Dr. Jitendra Singh unveiled the indigenously developed Bharat Forecast System, enhancing India’s weather prediction resolution from 12 km to 6 km.
- AM Green, supported by Greenko Group’s founders, has partnered with the Port of Rotterdam Authority to establish a green fuel corridor between India and Northwestern Europe, facilitating annual exports of up to 1 million tonnes of green fuels valued at approximately $1 billion.
- India’s mining and construction equipment sector, currently valued at USD 16 billion, is projected to grow at a 19% CAGR to reach USD 45 billion by 2030, according to the CII-Kearney Vision 2030 report.
- Jupiter Renewables is set to invest ₹2,700 crore in establishing a solar cell and module manufacturing facility in Andhra Pradesh, reinforcing the state’s position as a burgeoning hub for solar manufacturing.
- Reliance Jio has approached the Department of Telecommunications’ Telecommunication Engineering Centre (TEC) to seek approval for using the 26 GHz spectrum band, initially acquired for 5G services, to provide Wi-Fi services.
- The Reserve Bank of India (RBI) has revised its Economic Capital Framework, widening the Contingency Risk Buffer (CRB) range to 4.5–7.5%, facilitating a record surplus transfer of ₹2.69 trillion to the government for FY2024–25.
- NITI Aayog has urged Indian states to establish clear and actionable intermediate development targets for 2030 and 2035, complementing the overarching goal of transforming India into a $30 trillion economy by 2047.
- Over 25 mid and small-sized Portfolio Management Services (PMS) firms have collectively amassed assets nearing ₹1 lakh crore, challenging established players in India’s wealth management sector.
- India’s GDP growth for the January–March 2025 quarter is projected to reach a four-quarter high, driven by robust agricultural performance and improved rural consumption, despite subdued urban demand.
- Telangana Chief Minister A. Revanth Reddy has outlined a roadmap to elevate the state’s contribution to India’s GDP to 8% by 2047, proposing the establishment of a national task force for the development of six major metropolitan cities.
- Arunachal Pradesh attracted investment proposals totaling ₹6,357 crore through 16 memoranda of understanding (MoUs) signed during the Rising Northeast Investors Summit held in New Delhi from May 23 to 24, 2025.
- Pakistan has allocated 2,000 megawatts (MW) of electricity to power bitcoin mining and artificial intelligence (AI) data centres, aiming to transform surplus energy into digital innovation and economic growth.
- Young shooters Khyaty Chaudhary, Shambhavi Kshirsagar, and Ojasvi Thakur are being hailed as the promising future of Indian air rifle shooting, showcasing exceptional talent and potential.
- Olympic gold medalist Neeraj Chopra has been appointed as the brand ambassador for Audi India, aligning with the brand’s values of performance, precision, and innovation.
- Citigroup has appointed Prashant Thakker as Head of the Corporate Bank for South and Southeast Asia, overseeing operations across nine key markets.
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