News One Liner: 12-June-2025
- India was elected Vice-President of the IALA Council during its 2nd session in Nice, underscoring its global leadership in maritime navigation safety and heritage preservation.
- Union Labour Minister Dr Mansukh Mandaviya addressed the 113th International Labour Conference in Geneva, showcasing India’s significant decline in unemployment and expansion in social protection coverage.
- A 40‑member Indian Army contingent, including three women, has moved to Mongolia to participate in KHAAN QUEST 2025, a multinational peacekeeping exercise being held from 14 to 28 June.
- Union Commerce Minister Piyush Goyal concluded a two-day visit to Switzerland (9–10 June 2025), advancing TEPA implementation, and began engagements in Sweden to deepen economic cooperation.
- New Delhi hosted the third ITU‑T Focus Group meeting on Artificial Intelligence‑Native Networks (FG‑AINN), convening telecom policymakers, technologists, and startups to shape future AI‑embedded telecom architecture.
- India’s probiotics market has nearly doubled from ₹1,016 crore in 2021 to ₹2,070 crore in 2025, growing at a 19 % CAGR over five years.
- The Centre will allocate an additional ₹5,400 crore in Viability Gap Funding (VGF) to support 30 GWh of battery energy storage systems under its clean energy push.
- Adani Cement (Ambuja & ACC) supplied 65,000 tonnes of high-strength OPC 43-grade cement for the world’s highest railway arch bridge over Chenab River.
- India’s AI market is projected to triple and cross $17 billion by 2027, powered by enterprise adoption, digital ecosystems, and deep talent pools.
- Union Bank of India, Canara Bank, and Indian Overseas Bank reduced their repo-linked and external benchmark lending rates by 50 basis points following RBI’s rate cut, easing EMIs for customers.
- Loan disbursements by microfinance institutions dropped by 25% in FY25 to ₹1.12 lakh crore due to rising defaults and tighter lending norms.
- Starting October 1, SEBI-mandated verified ‘@valid’ UPI handles and the ‘Sebi Check’ verification tool will shield investors from payment fraud, enhancing market transaction security.
- Economists’ poll indicates India’s retail CPI inflation eased to approximately 3.0% in May, marking a six-year low and within RBI’s comfort zone.
- The Union Cabinet approved doubling of 318 km on Koderma–Barkakana (Jharkhand) and Ballari–Chikjajur (Karnataka–Andhra Pradesh) lines with ₹6,405 crore outlay, to be completed in three years.
- ASSOCHAM and Switzerland’s Swissmem signed a three-year MoU in Bern to enhance trade, investment, technology transfer, and joint projects in mechanical and electrical engineering.
- Commerce Minister Piyush Goyal expects India to surpass $825 billion in exports for FY26 and reach ~$1 trillion, aided by resilience and strategic trade diversification.
- Meta is creating a new AI superintelligence lab, personally led by Zuckerberg, recruiting a “Fantastic 50” top AI talent with nine-figure compensation and planning a ~$15 billion investment for a 49% stake in Scale AI.
- Chanel’s CEO Leena Nair was appointed Commander of the Order of the British Empire (CBE) by the UK in recognition of her leadership in the retail and consumer sector.
- India observes National Red Rose Day annually on 12 June to celebrate the beauty, symbolism, and cultural importance of the red rose.
- SBI General Insurance has appointed Arif Khan as its new Deputy CEO, reinforcing senior management amid growth and diversification plans.
- Axis Max Life has named Sumit Madan, Chief Distribution Officer, as its Managing Director & CEO for a five‑year term starting October 2025, reinforcing leadership continuity.
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