Daily News One Liner: 29-May-2025
- The Union Cabinet has approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2025-26, maintaining the existing 1.5% interest subvention to support affordable short-term agricultural credit.
- The 94th meeting of the Network Planning Group (NPG) assessed five major infrastructure proposals, including four metro rail extensions and a greenfield airport in Kota, aligning with the PM GatiShakti National Master Plan to enhance multimodal connectivity and regional development.
- Union Finance Minister Smt. Nirmala Sitharaman chaired a review meeting of Public Sector General Insurance Companies (PSGICs), emphasizing digital transformation, innovative insurance products, and improved customer service to enhance insurance penetration and efficiency.
- India’s Index of Industrial Production (IIP) registered a 2.7% year-on-year growth in April 2025, driven by a 3.4% increase in the manufacturing sector.
- India’s data centre capacity is projected to exceed 4,500 MW by 2030, driven by $20–25 billion in investments, with significant growth in cities like Mumbai, Chennai, Hyderabad, and Pune.
- ICRA forecasts India’s electricity demand will grow at a 6–6.5% CAGR from FY2026 to FY2030, driven by the rise of electric vehicles, green hydrogen adoption, and expanding data centre infrastructure.
- India’s coal imports decreased by 7.9% in FY2024–25, leading to foreign exchange savings of approximately ₹60,681 crore ($7.93 billion), as domestic coal production and strategic initiatives reduced reliance on imported coal.
- Researchers at Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST), Kashmir, have developed India’s first gene-edited sheep using CRISPR-Cas9 technology, enhancing muscle growth by 30%.
- India’s Foreign Direct Investment (FDI) inflows reached $81.04 billion in FY2024–25, a 14% increase from the previous year, driven by robust growth in the services and manufacturing sectors.
- India’s life insurance market is projected to grow at an annual rate of 10.5% over the next decade, surpassing the global average of 5%, driven by economic growth and supportive government policies.
- The general insurance industry in India has announced a commitment to invest ₹100 crore annually over the next 3 to 5 years in a nationwide awareness campaign aimed at enhancing public understanding and adoption of general insurance products.
- Uttar Pradesh has become the leading state in India with the highest number of registered electric vehicles (EVs), totaling 4.14 lakh, surpassing Delhi and Maharashtra.
- India’s inaugural Artificial Intelligence (AI)-focused Special Economic Zone (SEZ) has been established in Nava Raipur, Chhattisgarh, with a ₹1,000 crore investment by RackBank Datacenters, aiming to position India as a global hub for AI research and development.
- Andhra Pradesh Chief Minister N. Chandrababu Naidu has unveiled a proposal for a ₹28,436 crore green energy corridor aimed at connecting the state’s renewable energy projects to the central grid, facilitating the evacuation of 11,000 MW from renewable sources and 7,000 MW from pumped storage.
- The World Meteorological Organization (WMO) has issued a warning indicating a 70% probability that global temperatures will temporarily exceed the 1.5°C threshold above pre-industrial levels between 2025 and 2029, highlighting the urgent need for enhanced climate action.
- Germany’s government, led by Chancellor Friedrich Merz, has introduced legislation to eliminate the expedited citizenship process, extending the naturalization wait time from three to five years for migrants with strong integration records.
- Sukhdev Singh Dhindsa, a prominent Shiromani Akali Dal leader and former Union Minister, passed away at the age of 89 on May 28, 2025, after a prolonged illness.
- Bollywood actor Saif Ali Khan has been appointed as the brand ambassador for Sparsh Pearl, a bathroom fittings company, under a two-year agreement.
- Bengaluru has been recognized as one of the top 12 global tech hubs, with its AI talent pool surpassing 1 million professionals, positioning it alongside cities like San Francisco, London, and Tokyo.
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