News One Liner: 24-June-2025

  1. On 24 June 2025 in Sonbhadra, UP, the MWCD and MSDE jointly launched NAVYA, a pilot vocational-skilling initiative for adolescent girls under the Viksit Bharat@2047 vision
  2. MoSPI announced India’s inaugural All-India Household Income Survey, scheduled for 2026 with guidance from a Technical Expert Group led by Dr. Surjit Bhalla.
  3. MoPR and IIM Ahmedabad launched a three‑day Training of Trainers (ToT) on “Generation of Own Source Revenue by Gram Panchayats” under RGSA in New Delhi on 23 June 2025, with 65 Master Trainers from 16 States/UTs.
  4. SECI issued a landmark tender under SIGHT Scheme Mode 2A (Tranche I) to supply 724,000 tpa of Green Ammonia across 13 fertilizer plants, advancing decarbonisation.
  5. Aditya Birla Lifestyle Brands (ABLBL), newly listed, plans to invest ₹300 crore annually to double revenues in five years and develop billion‑dollar brands in India.
  6. Waaree Renewable Technologies signed an MoU with Viet Khanh JSC to execute EPC works for a 100 MW photovoltaic solar project in Vietnam, following a successful 49.5 MW project in 2019.
  7. Central Coalfields Ltd (CCL), Coal India arm, will start production in two new mines this fiscal, boosting output by 10–12 million tonnes annually, targeting 110 MT in FY26 and 150 MT by 2030.
  8. Institutional real estate investments in India dropped 37% in H1 2025 to $3.06 billion across 30 deals, with foreign funds (68%) leading and strong investor activity in Mumbai and Bengaluru.
  9. Fitch Ratings reports that Indian banks’ robust financial performance in FY25 has strengthened their standalone credit profiles and positioned the sector for sustained growth.
  10. Retail credit rose by just 5% in March 2025, down from 12% in Q4 FY24, marking the slowest growth in two years despite an RBI rate cut to 6.25%.
  11. India’s outward FDI commitments rose sharply in April 2025 to USD 6.8 billion, yet net FDI for FY25 plunged by over 96% to USD 0.35–0.4 billion, reflecting both high inflows and record outflows.
  12. Public sector banks (PSBs) are projected to achieve a 12–13% loan book growth in FY26, surpassing private banks at around 10%, as per Fitch Ratings.
  13. Gujarat unveiled a new electronics component manufacturing policy to attract over ₹35,000 crore in investment, while Uttar Pradesh announced a ₹22,000 crore package to boost its rural economy and double farm incomes.
  14. Uttar Pradesh government, led by CM Yogi Adityanath, plans to invest ₹22 000 crore in FY26 to revamp rural infrastructure, enhance agricultural productivity and double farm income.
  15. Global equity markets advanced while oil prices declined after easing concerns of a broader U.S.–Iran conflict following retaliatory strikes and diplomatic signals.
  16. Oman will become the first Gulf Cooperation Council (GCC) country to implement a 5 percent personal income tax from January 1, 2028, targeting individuals earning over OMR 42,000 (~USD 109,000) annually.
  17. International Olympic Day, observed annually on 23 June, promotes Olympic ideals and encourages global participation in physical activity, with the 2025 theme being Let’s Move? which emphasizes motivation, community and joy.
  18. The world observes United Nations Public Service Day on 23 June 2025, focusing on accelerating efficient and inclusive public service delivery as the 2030 Sustainable Development Goals deadline approaches.
  19. Sivasubramanian Ramann has assumed charge as PFRDA chairperson for a five-year term (or until age 65), bringing extensive experience in finance, governance, and technology.
  20. Capital expenditure by Indian states is projected to reach ₹10.2 lakh crore in FY26, with Uttar Pradesh, Gujarat and Maharashtra accounting for nearly half of the total, a Bank of Baroda study reveals.

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