Daily News One Liner: 15-May-2025

1. ARIES and IRDE sign MoU to strengthen India’s ground-based Space Situational Awareness capabilities.
2. Union Cabinet approves establishment of sixth semiconductor unit, a joint venture between HCL and Foxconn, near Jewar Airport in Uttar Pradesh.
3. India’s WPI-based annual inflation for April 2025 stands at 0.85%, driven by price increases in manufactured products.
4. Department of Science and Technology (DST) initiates five CCU testbeds in the cement sector to advance decarbonisation efforts.
5. Tata Power plans a ₹25,000 crore capital expenditure for FY26, focusing on renewables, generation, and transmission & distribution, and intends to bid for two discoms in Uttar Pradesh.
6. India’s coal imports declined by 9.2% in FY25, leading to foreign exchange savings of approximately USD 6.93 billion.
7.  Renesas Electronics inaugurates R&D centers in Noida and Bengaluru to design 3nm semiconductor chips entirely within India.
8. CRISIL Ratings forecasts India’s storage-backed renewable energy capacity to surge from nearly zero in FY25 to 25–30 GW by FY28, driven by government initiatives and the need for grid stability.
9. Canara Bank and Union Bank of India have launched innovative deposit schemes offering higher interest rates, health insurance, and personalized services to attract new customers and boost deposit growth.
10.  India’s mutual fund industry is projected to attract $40–45 billion in FY26, propelled by the growing popularity of Systematic Investment Plans (SIPs), according to Bernstein Research.
11. The Reserve Bank of India (RBI) is poised to transfer a substantial dividend to the Indian government, potentially ranging from ₹2.25 lakh crore to ₹2.75 lakh crore, significantly bolstering the Centre’s fiscal resources.
12.  India’s life insurance sector experienced an 8.43% year-on-year increase in new business premiums in April 2025, reaching ₹21,965 crore, primarily driven by the Life Insurance Corporation of India’s (LIC) strong performance.
13. Apollo 24/7, a digital health platform, is venturing into the insurance market with the launch of ‘Apollo 24/7 Insurance Services,’ aiming to distribute health, life, and general insurance products from 12 insurers within two months.
14. India has authorized three Russian insurers—Sberbank Insurance, Ugoria Insurance Group, and ASTK Insurance Company—to provide marine insurance coverage for ships arriving at Indian ports, effective until February 20, 2026.
15. Union Minister Jyotiraditya Scindia announced that the Indian government aims to secure a ₹2.5 trillion investment in the Northeast region, with major commitments from Reliance, Tata Sons, Birla, Ambuja Neotia, ITC, and the Adani Group, ahead of the Rising Northeast Summit scheduled for May 23–24, 2025.
16.  President Donald Trump announced a historic $1.2 trillion economic exchange with Qatar, encompassing major agreements in aviation, defense, energy, and technology sectors.
17. Bangladesh is set to receive a $1.3 billion loan tranche from the IMF next month after reaching an agreement on exchange rate adjustments.
18. Shourya Ambure returned to Patna to compete in the Khelo India Youth Games 2025 with greater maturity, following his recent success in winning a medal at the Asian level.
19. MN Srinivasu, co-founder of BillDesk, has been appointed as the new chairperson of the Internet and Mobile Association of India (IAMAI) for a two-year term, succeeding Harsh Jain.
20. International Day of Families 2025, observed on May 15, emphasizes “Family-Oriented Policies for Sustainable Development,” highlighting the pivotal role of families in achieving the 2030 Agenda for Sustainable Development.

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