Daily News One Liner: 13-May-2025
- C-DOT and Synergy Quantum India have signed an MoU to jointly develop drone-based Quantum Key Distribution (QKD) systems, enhancing India’s secure communication capabilities.
- The Department of Administrative Reforms & Public Grievances (DARPG) conducted an interactive training session under the “Rashtriya Karmayogi Jan Seva Program” on May 10, 2025, in New Delhi, aiming to enhance the competencies of civil servants.
- India’s initiatives, SVAMITVA and Gram Manchitra, were highlighted as exemplary models for rural governance at the World Bank Land Conference 2025 in Washington D.C.
- A high-level Ethiopian delegation, including Governors and Ministers, visited India to participate in a capacity-building program and discuss bilateral cooperation with Union Minister Dr. Jitendra Singh.
- Adani Group and Bhutan’s Druk Green Power Corporation (DGPC) have signed a Memorandum of Understanding (MoU) to jointly develop 5,000 MW of hydropower projects in Bhutan, enhancing regional renewable energy collaboration.
- Adani Power has secured a 25-year contract to supply 1,500 MW of thermal power to Uttar Pradesh at a tariff of ₹5.383 per unit.
- ReNew Power is set to invest ₹22,000 crore to develop India’s largest renewable energy complex in Anantapur, Andhra Pradesh, comprising solar, wind, and battery storage facilities.
- Biocon announces a $150 million capital expenditure over the next two years, allocating $100 million to its biologics division, primarily enhancing Malaysian capacities, and $50 million to its generics business.
- Public sector banks in India may experience pressure on net interest margins (NIMs) in FY26 due to declining interest rates, potentially impacting profitability despite a 26% net profit growth in FY25.
- CRISIL projects a 50–60% annual increase in capital expenditure at small private airports in India by FY28, driven by rising terminal utilization and the need for capacity expansion.
- State-run banks in India are projecting a cautious 11-13% credit growth for FY26, citing weaker demand in unsecured loans and mortgages.
- Defence Minister Rajnath Singh inaugurated the BrahMos Aerospace Integration and Testing Facility in Lucknow, marking a significant step towards India’s defence self-reliance and strengthening deterrence capabilities amid regional tensions.
- India has extended financial assistance to the Maldives by rolling over a USD 50 million treasury bill for another year, reinforcing its commitment to the ‘Neighbourhood First’ policy.
- India aims to expand its space economy from $8.4 billion in 2022 to $44 billion by 2033, focusing on satellite technology, navigation systems, and data analytics to capture 8% of the global market.
- The UK government has announced plans to tighten visa regulations, including raising qualification thresholds for skilled workers and limiting lower-skilled work visas, aiming to reduce legal migration and address public concerns over immigration.
- China has developed LICOMK++, a high-resolution ocean simulation system operating at a 1-kilometer scale, enhancing climate forecasting and disaster planning capabilities despite ongoing US semiconductor sanctions.
- Eureka Forbes has appointed actress Shraddha Kapoor as the brand ambassador for its vacuum cleaner range, aiming to promote cleanliness and healthier living in Indian homes.
- On Failing, edited by Amit Chaudhuri, is a collection of eight essays and one short story presented at the fifth symposium in February 2020, exploring the multifaceted nature of failure.
- Virat Kohli, India’s cricketing legend, announced his retirement from Test cricket on May 12, 2025, after a remarkable 14-year career that included numerous records and accolades.
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