News One Liner: 09-June-2025
- Union Minority Affairs Minister Kiren Rijiju launched the UMEED Central Portal to ensure real-time monitoring, transparency, and public participation in Waqf property administration.
- Shri T. Rabi Sankar, Deputy Governor of RBI, appointed as part-time Member of the 16th Finance Commission until October 31, 2025.
- India’s Bharat Mandap Pavilion at World Expo 2025 in Osaka ranked among the top five most admired pavilions globally, reflecting a fusion of heritage and modernity.
- DRDO’s VRDE transferred technologies of nine advanced defence systems to ten industries, advancing India’s defence industrial ecosystem.
- IndiGrid announced acquisition of ReNew Solar Aayan and Koppal Narendra Transmission assets for approximately ₹2,108 crore to enhance renewable energy and transmission infrastructure.
- Tata Steel plans to begin constructing a low-carbon Electric Arc Furnace (EAF) steelmaking facility at Port Talbot, UK, in July 2025, with operations expected to commence by 2027.
- The Indian government is set to introduce a ₹1,500 crore incentive scheme to promote the recycling of 24 critical minerals, including lithium, cobalt, and graphite, aiming to bolster the nation’s clean energy transition and reduce dependence on imports.
- India plans to invest $20 billion in maritime infrastructure development to boost economic growth and enhance port connectivity.
- ICICI Prudential Life has disbursed loans exceeding Rs 900 crore against traditional insurance policies in FY25.
- RBI has reduced the qualifying asset criteria for NBFC-MFIs from 75% to 60%, easing operational norms.
- The Reserve Bank of India cuts repo rate by 50 basis points and reverses its monetary policy stance from hawkish to neutral.
- Private sector banks in India reported a significant slowdown in credit growth to 9.5% in FY25, marking the steepest decline among all banking groups, as per Reserve Bank of India (RBI) data.
- Andhra Pradesh government signs MoU with NVIDIA to set up India’s first dedicated AI University focusing on research, skilling, and innovation.
- Uttar Pradesh plans a green aviation fuel policy to promote biofuel production by integrating agriculture with sustainable energy initiatives.
- Donald Trump signs an executive order aimed at boosting drone security ahead of major global events like the World Cup and Olympics.
- India emerged as the top nation at the Taiwan Athletics Open, winning 12 gold medals across various events.
- World Food Safety Day 2025 highlights the importance of safe food to protect health and promote sustainable development.
- World Brain Tumour Day 2025 raises awareness on brain tumour risks, symptoms, and early detection for better patient outcomes.
- Reserve Bank of India Deputy Governor T Rabi Sankar joins the 16th Finance Commission as a part-time member.
- Sat Pal Bhanoo has been given additional charge as the Managing Director and CEO of Life Insurance Corporation of India.