Daily News One Liner: 03-June-2025
- Union Minister Sarbananda Sonowal and Japan’s Vice Minister Terada Yoshimichi held bilateral discussions in Oslo on June 2, 2025, focusing on enhancing maritime collaboration between the two nations.
- Union Minister Dr. Jitendra Singh launches BharatGen, India’s first government-funded, indigenously developed AI-based Multimodal Large Language Model (LLM) for Indian languages at the BharatGen Summit.
- Prime Minister Narendra Modi highlights India’s emergence as a global aviation leader at IATA’s 81st Annual General Meeting, emphasizing transformative growth and investment opportunities.
- The Government of India has notified guidelines for a scheme aimed at promoting the manufacturing of electric passenger cars, encouraging investments from global manufacturers and positioning India as a global hub for electric vehicles.
- Karnataka inaugurates a 24/7 solar-integrated EV charging station near Kempegowda International Airport, powered by repurposed second-life electric vehicle batteries.
- Global investment firm KKR has provided $600 million in debt funding to Manipal Group, bolstering the expansion of one of India’s leading hospital chains.
- The Indian Association of Tour Operators (IATO) has appealed to Prime Minister Narendra Modi to set up an India Tourism Board and allocate ₹1,000 crore under the Incredible India Campaign to boost foreign tourist arrivals.
- India’s green hydrogen initiatives are experiencing setbacks due to high production costs, lack of pricing clarity, and policy uncertainties, hindering the country’s ambitious 2030 targets.
- India’s Goods and Services Tax (GST) collections for May 2025 rose by 16.4% year-on-year, totaling ₹2.01 lakh crore, driven by increased imports and robust domestic consumption.
- The Asian Development Bank (ADB) has announced a $10 billion investment plan over five years to enhance urban infrastructure in India, focusing on metro expansion, Regional Rapid Transit System (RRTS) corridors, and sustainable urban development.
- Nomura forecasts India’s real GDP growth to decline to 6.2% in FY26 from 6.5% in FY25, citing divergence between GST collections and other economic indicators.
- According to Reserve Bank of India (RBI) data, bank deposits in India grew by 10.6% in FY25, a slowdown from 13% in the previous fiscal year.
- Telangana Chief Minister A. Revanth Reddy announced the state’s ambitious goal to achieve a $3 trillion economy by 2047, coinciding with India’s centenary of independence.
- Union Home Minister Amit Shah announced the establishment of seven new Central Forensic Science Laboratories (CFSLs) and nine additional campuses of the National Forensic Science University (NFSU), with a combined investment of ₹2,080 crore, to enhance forensic capabilities across India.
- Karol Nawrocki, a conservative historian with no prior political experience, narrowly won Poland’s presidential election with 50.89% of the vote, defeating liberal candidate Rafał Trzaskowski.
- India’s wrestlers delivered a stellar performance at the Ulaanbaatar Open 2025, clinching 21 medals—6 gold, 7 silver, and 8 bronze—marking their best-ever showing at a UWW Ranking Series event.
- Valmik Thapar, India’s leading tiger conservationist and prolific author, passed away on May 31, 2025, in New Delhi, leaving behind a legacy of dedication to wildlife preservation.
- Rajiv Memani, Chairman and CEO of EY India, has been appointed as the President of the Confederation of Indian Industry (CII) for the fiscal year 2025–26, succeeding Sanjiv Puri of ITC.
- Singapore has maintained its position as India’s largest source of foreign direct investment (FDI) for the seventh consecutive year, contributing approximately $14.94 billion in the fiscal year 2024–25.
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