Daily News One Liner: 30-May-2025

1.  NLC India Renewables Limited (NIRL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have signed a Joint Venture Agreement to develop up to 5000 MW of renewable energy projects in Maharashtra.
2.  Union Minister Shri Piyush Goyal announced that India is projected to be the fastest-growing large economy for the next 30 years, with significant foreign investments and inclusive growth initiatives.
3. Raksha Mantri Shri Rajnath Singh has approved the grant of Miniratna Category-I status to Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL), and India Optel Limited (IOL), recognizing their significant growth and contributions to India’s defence sector.
4. The Indian Army contingent has departed for the 17th edition of the India-Mongolia Joint Military Exercise NOMADIC ELEPHANT, scheduled from May 31 to June 13, 2025, in Ulaanbaatar, Mongolia.
5. The Government of NCT of Delhi has signed a Memorandum of Understanding with the Capacity Building Commission and Karmayogi Bharat to implement Mission Karmayogi, aiming to enhance governance and public service delivery through comprehensive civil services capacity building.
6. The Atomic Energy Regulatory Board (AERB) has approved the siting of four 700 MWe Pressurised Heavy Water Reactors (PHWRs) at the Mahi Banswara site in Rajasthan, marking a significant advancement in India’s nuclear energy expansion.
7.  Ather Energy has signed a Memorandum of Understanding with Infineon Technologies Asia Pacific to enhance semiconductor technologies for electric two-wheelers, charging infrastructure, and safety systems in India.
8. Texmaco Rail & Engineering Ltd has received a ₹140.55 crore order from Indian Railways to supply Flat Multi-Purpose (FMP) wagons, enhancing its role in modernizing India’s freight infrastructure.
9.  India is poised to unveil its first domestically produced semiconductor chip in 2025, marking a significant milestone in the nation’s technological advancement.
10. In FY25, public sector banks (PSBs) in India reported a record net profit of ₹1.83 lakh crore, marking a 26% year-on-year increase, driven by improved asset quality, reduced bad loan provisions, and enhanced earnings from lending and treasury operations.
11. India’s corporate bond secondary market experienced a notable increase in trading activity during FY25, reflecting a positive trend in market liquidity and investor confidence.
12. India’s venture capital (VC) landscape experienced robust growth in early 2025, with deal volumes increasing by 19% and funding rising by 20%, outperforming global markets like China and the UK.
13.  The Reserve Bank of India’s (RBI) balance sheet grew by 8.2% to ₹76.25 lakh crore in FY25, primarily due to a 33% increase in foreign exchange transaction gains, totaling ₹1.11 lakh crore.
14.  Diu has become the first district in India to fulfill its entire power needs with solar energy, achieving an 11.88 MW capacity, making it a national leader in renewable energy adoption.
15. The Union Cabinet has sanctioned ₹7,052 crore for key infrastructure projects, including a four-lane Badvel–Nellore highway in Andhra Pradesh and multitracking railway lines in Madhya Pradesh and Maharashtra, aiming to enhance logistics and connectivity.
16. Prime Minister Narendra Modi chaired a PRAGATI meeting reviewing infrastructure projects worth over ₹62,000 crore across road transport, power, and water resources, urging timely completion to avoid cost overruns and ensure citizens receive essential services.
17. Schaeffler AG, a German automotive and industrial supplier, has announced an investment of €500 million (approximately ₹4,800 crore) over the next five years in India to enhance its capabilities in electric mobility, rail, and renewable energy sectors.
18. Jyothi Yarraji secured the gold medal in the women’s 100m hurdles at the 2025 Asian Athletics Championships in Gumi, South Korea, clocking a championship record time of 12.96 seconds.
19. Maharashtra has retained its position as the leading recipient of Foreign Direct Investment (FDI) equity inflows in India for FY25, accounting for 39% of the total, followed by Karnataka at 13%, according to the Department for Promotion of Industry and Internal Trade (DPIIT).

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