Daily News One Liner: 09-May-2025
- South Eastern Coalfields Limited (SECL) organized its inaugural ‘Sneh Milan Mela’ in Surajpur district, Chhattisgarh, to foster community engagement and facilitate smoother land acquisition for mining projects.
- The Cabinet Committee on Economic Affairs (CCEA) approved the Revised SHAKTI Policy to streamline coal allocation, enhance domestic coal utilization, and support the power sector’s growth.
- The Department for Promotion of Industry and Internal Trade (DPIIT) and Häfele India Pvt. Ltd. signed a Memorandum of Understanding (MoU) on May 7, 2025, to strengthen India’s manufacturing and innovation ecosystem by empowering startups, MSMEs, and entrepreneurs.
- Raksha Mantri Shri Rajnath Singh emphasized the success of Operation Sindoor and India’s commitment to defense quality and self-reliance at the National Quality Conclave 2025.
- According to TRAI’s March 2025 data, Reliance Jio added 21.74 lakh wireless subscribers, while Bharti Airtel gained 12.50 lakh users, highlighting their continued growth in India’s telecom sector.
- IndiGo has entered into a damp lease agreement with Norwegian low-cost carrier Norse Atlantic Airways for two additional Boeing 787-9 Dreamliner aircraft, enhancing its long-haul capabilities.
- Adani Group and Bhutan’s Druk Green Power Corporation (DGPC) have signed a Memorandum of Understanding to jointly develop 5,000 MW of hydropower projects, enhancing regional energy cooperation and supporting Bhutan’s renewable energy goals.
- NITI Aayog is preparing a comprehensive green energy investment strategy to achieve India’s net-zero emissions target by 2070, focusing on key sectors like power, transport, industry, and construction.
- EXIM Bank retracted its planned ₹2,500 crore 10-year bond issuance due to investor demands for higher yields, exceeding the bank’s expectations.
- According to CareEdge Ratings, the bank lending-deposit rate spread declined to 2.71% in March 2025, marking the lowest level in a decade due to reduced lending rates and RBI’s repo rate cuts.
- RBI has officially recognised the Fixed Income Money Market and Derivatives Association of India (FIMMDA) as a Self-Regulatory Organisation (SRO) for financial markets.
- RBI’s dividend payout to the government for FY25 is projected to be significantly higher than FY24, possibly exceeding it by 50%.
- Moody’s has revised India’s GDP growth forecast for 2025 down to 6.3% due to global trade uncertainties and tighter financial conditions.
- The Indian Government has approved a revised Credit Guarantee Scheme for Startups with enhanced coverage up to ₹20 crore.
- The India-UK Free Trade Agreement (FTA) is set to provide British companies access to India’s vast government procurement market.
- Karnataka and IN-SPACe have signed MoUs to establish a Centre of Excellence and a Space Manufacturing Park, aiming to boost NewSpace R&D and manufacturing capabilities.
- Emirates Airline reported a record annual profit of $5.2 billion for the fiscal year ending March 31, 2025, marking a significant rebound and solidifying its status among the world’s most profitable airlines.
- The World Bank has approved a $1 billion financing package for Sri Lanka over three years to stimulate private sector growth and create jobs, addressing a projected shortfall of 700,000 jobs by 2035.
- Titan has announced Ajoy Chawla, currently CEO of its Jewellery Division, as the next Managing Director, succeeding C.K. Venkataraman upon his retirement at the end of 2025.
- Josaia Raisuqe, a key member of Fiji’s silver medal-winning rugby sevens team at the Paris 2024 Olympics, tragically passed away at 30 following a road accident in France.
- Maharana Pratap Jayanti, observed on May 9, 2025, commemorates the 485th birth anniversary of Maharana Pratap, the valiant Rajput king of Mewar, renowned for his resistance against the Mughal Empire.
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