Daily News One Liner: 04-June-2025
- Union Minister of Coal & Mines, Shri G. Kishan Reddy launched C CARES Version 2.0, a web portal of Coal Mines Provident Fund Organization (CMPFO), aimed at streamlining Provident Fund and Pension disbursements for coal sector workers.
- The Indian Institute of Corporate Affairs (IICA) is set to establish its first regional campus in New Shillong Township, Meghalaya, under the PM-DevINE initiative, to enhance corporate governance and development in the Northeast.
- India embarks on constructing its first indigenous Polar Research Vessel (PRV) through a Memorandum of Understanding (MoU) between Garden Reach Shipbuilders & Engineers Ltd. (GRSE) and Norway’s Kongsberg.
- Union Minister Shri Shivraj Singh Chouhan announced expanded eligibility for Pradhan Mantri Awas Yojana – Gramin (PMAY-G) and Maharashtra CM announced ₹50,000 solar panel subsidy at the MahaAwas Abhiyan event in Pune.
- India presented its Digital Public Infrastructure (DPI) as a global benchmark for inclusive digital governance at the 11th BRICS Communications Ministers’ Meeting in Brasília, Brazil.
- Chennai Petroleum Corporation Ltd (CPCL), an IndianOil Group company, announces entry into retail fuel market with a ₹400 crore investment during its Diamond Jubilee year.
- Larsen & Toubro (L&T) has secured significant water infrastructure contracts from the Rajasthan government, valued between ₹1,000 crore and ₹2,500 crore, focusing on rural water supply and fluorosis mitigation.
- India’s coal production increased by 2.6% in May 2025, reaching 86.24 million tonnes, bolstered by higher output from captive and commercial mines.
- Vodafone and CK Hutchison have merged their UK operations to form ‘VodafoneThree’, committing £1.3 billion for network upgrades in the first year.
- The Indian government has announced a reduction in import duty to 15% for electric vehicle (EV) manufacturers investing a minimum of ₹4,150 crore in domestic production facilities within three years.
- Five major Public Sector Banks (PSBs), including State Bank of India, Punjab National Bank, and Bank of Baroda, are jointly developing a common platform through PSB Alliance Pvt Ltd to streamline the recovery of retail and MSME loans below ₹5 crore.
- Unsecured retail loans held by Asset Reconstruction Companies (ARCs) increased by 50% to ₹76,029 crore in FY25, now comprising 7.3% of total acquired dues.
- The general insurance industry in India is projected to grow by 8.7 percent in gross direct premium income (GDPI) in the financial year 2026, according to ICRA.
- SEBI has approved the Initial Public Offering (IPO) of HDB Financial Services, a subsidiary of HDFC Bank, marking a significant development in the NBFC sector.
- Delhi Chief Minister Rekha Gupta has unveiled a comprehensive Air Pollution Mitigation Plan 2025, aiming to combat the city’s air quality issues through innovative and science-based solutions.
- The West Bengal Cabinet has approved the inclusion of 76 new castes into the state’s Other Backward Classes (OBC) list, expanding the total to 140 ethnic groups.
- Liberal candidate Lee Jae-myung has been elected as South Korea’s new president following a snap election prompted by the impeachment of former President Yoon Suk Yeol.
- India’s travel and tourism sector is projected to contribute over ₹22 trillion to the economy in 2025, with international visitor spending reaching ₹3.2 trillion, according to the World Travel & Tourism Council (WTTC).
- Shashi Tharoor’s latest book, Our Living Constitution, offers a concise commentary on India’s Constitution, eliciting discussions on its interpretation and historical context.
- Royal Challengers Bengaluru (RCB) secured their first-ever IPL championship by defeating Punjab Kings (PBKS) by 6 runs in the 2025 final held at Narendra Modi Stadium, Ahmedabad.
- Gujarat Titans’ Sai Sudharsan and Prasidh Krishna clinched the Orange and Purple Caps respectively in IPL 2025, highlighting their exceptional performances throughout the season.
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