Daily News One Liner: 08-May-2025
- The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy, introducing two new windows for coal allocation to thermal power plants.
- The Centre for Development of Telematics (C-DOT) and the Council of Scientific and Industrial Research – National Physical Laboratory (CSIR-NPL) have signed a Memorandum of Understanding (MoU) to collaborate on research and development in telecom and quantum technologies.
- The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the National Scheme for Industrial Training Institute (ITI) Upgradation and the establishment of five National Centres of Excellence for Skilling, aiming to transform vocational education in India.
- India presented its SVAMITVA Scheme as a model for inclusive land governance at the World Bank Land Conference 2025 in Washington D.C., highlighting its success in rural land reforms.
- A recent report reveals that India’s Micro, Small, and Medium Enterprises (MSME) sector has a credit gap of approximately ₹28 lakh crore, indicating substantial opportunities for financial institutions to expand lending.
- The Inland Waterways Authority of India (IWAI) has signed a Memorandum of Understanding (MoU) with Europe’s Rhenus Logistics to bolster multimodal cargo movement across India’s inland waterways.
- The Assam Cabinet has approved the Assam Thermal Power Generation Product Promotion Policy 2025, aiming to attract ₹7,730 crore investments to boost thermal power capacity and make the state a regional energy hub.
- Airtel Africa has entered into a partnership with SpaceX to introduce Starlink’s high-speed satellite internet services across its 14 African markets, aiming to enhance connectivity in underserved and remote regions.
- India and the UK have finalized a Free Trade Agreement (FTA) aiming to increase bilateral trade to $100 billion by 2030, with key sectors like FMCG, healthcare, and textiles poised to benefit.
- According to the Reserve Bank of India (RBI), priority sector bank credit to Micro, Small, and Medium Enterprises (MSMEs) increased by 15.2% in March 2025, totaling ₹28.4 lakh crore, compared to ₹24.6 lakh crore in the same month last year.
- The Central Goods and Services Tax (CGST) formulation, characterized by a lower number of assessees, has led to higher per-GSTIN collection compared to state-level GST systems.
- SEBI has introduced new regulations for Securitised Debt Instruments (SDIs), setting a ₹1 crore minimum investment threshold and requiring dematerialised (demat) form for all issuances and transfers.
- On May 7, 2025, India executed a large-scale civil defence mock drill, ‘Operation Abhyas’, spanning 244 districts nationwide, to enhance preparedness following the Pahalgam terror atack.
- The Maharashtra government is contemplating a policy to deny fuel at petrol pumps to vehicles lacking valid Pollution Under Control (PUC) certificates, aiming to combat air pollution.
- India’s Services Purchasing Managers’ Index (PMI) increased to 58.7 in April 2025, indicating sustained expansion in the services sector, bolstered by a significant rise in new export orders.
- The World Bank has announced a $1 billion support package over three years to aid Sri Lanka in job creation, private sector development, and long-term economic growth.
- Ajinkya Rahane became the 9th batter to score 5000 runs in the Indian Premier League (IPL), achieving this milestone during the 2025 season.
- India has been ranked 130th out of 193 countries in the United Nations Development Programme’s (UNDP) 2025 Human Development Index (HDI), reflecting significant progress since 1990.
- Gopalkrishna Gandhi’s memoir, The Undying Light, offers an intimate account of India’s post-independence journey, drawing from his personal experiences and familial legacy.
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