News One Liner: 17-June-2025

  1. India’s merchandise & services exports reach US $142.43 billion in April–May 2025 (+5.8%), while unrelated key developments include TRAI’s digital consent pilot, DRDO’s milestone in quantum communication, and Bhopal’s designation as Category‑A Rinderpest facility.
  2. TRAI, in collaboration with RBI and select banks, has initiated a Digital Consent Registry Pilot under TCCCPR 2018 to streamline and authenticate consumer consent for telecommunication and financial services.
  3. DRDO and IIT Delhi demonstrated entanglement-based free-space quantum key distribution (QKD) over a 1 km optical link, achieving ~240 bps secure key rate and <7% QBER.
  4. ICAR-NIHSAD, Bhopal has been recognized by WOAH–FAO as a Category A Rinderpest Holding Facility, becoming one of just six such global facilities for secure rinderpest virus containment.
  5.  CREDAI has tied up with Adani Cement to introduce GRIHA-certified green concrete solutions, skilling programmes, and on-site technical support across its 13,000-member network.
  6. Pharma major Lupin has signed a licensing and supply agreement with China’s Sino Universal Pharmaceuticals for its Tiotropium dry powder inhaler (18 mcg) to treat COPD in China.
  7. Karnataka recorded the highest annual wind capacity addition in 2024–25 in India, installing 1,331.48 MW, leading the country in new wind energy capacity.
  8. The Centre has issued guidelines for States/UTs to avail ₹18,000 crore under SSASCI in FY26, earmarked for urban planning, land reforms, and governance improvements.
  9. SBI Holdings and Sumitomo Mitsui Financial Group have formed a joint venture targeting affluent Japanese clients, aiming to manage ¥10 trillion (~US $69 billion) in assets over five years.
  10. Bank credit growth slowed to 8.97% YoY for fortnight ending May 30, marking a three‑year low, as banks tighten lending amid stress in unsecured and microfinance segments.
  11. India’s Wholesale Price Index inflation eased to 0.39% in May, the lowest since March 2024, driven by falling food, fuel, and base metal prices.
  12. India’s outbound shipments declined 2.17% YoY in May, reflecting global demand slowdown and affecting export-led growth momentum.
  13. Uttar Pradesh government plans a ₹700 crore electric vehicle (EV) manufacturing park over 500 acres in Kanpur under PM-Major Districts Programme to boost local EV ecosystem.
  14. Kerala’s builders propose upward revision of the ₹18 lakh price cap for PMAY affordable housing, citing inflation and rising input costs.
  15. Leaders of the G7 (Canada, France, Germany, Italy, Japan, UK, US) along with EU and invited nations—including India—met in Kananaskis, Canada (June 15–17, 2025) to address the Israel‑Iran conflict, global trade, energy security, digital transition, and partnerships.
  16. Microsoft introduced its Azure Sovereign Public Cloud to help governments, including in the EU, host data domestically under tighter sovereign cloud and data-localisation requirements.
  17. American golfer JJ Spaun secured his first major championship at the US Open 2025, sinking a dramatic 65-foot birdie putt on the 18th to finish two shots ahead of Robert MacIntyre.
  18. South Africa emerged victorious in the ICC World Test Championship (WTC) 2025 by defeating India by 7 wickets in the final at The Oval, claiming their first WTC title.
  19. Observed on 17 June 2025, this global day emphasizes sustainable land practices, drought management, and community-led ecosystem restoration.
  20. Amitabh Kant has resigned from his position as India’s G20 Sherpa and from the IAS after 45 years of service, marking the end of an influential career in policymaking and global diplomacy.
  21. The Reserve Bank of India has approved a two-year extension for ICICI Bank’s Executive Director Sandeep Batra, ensuring stability in the bank’s enforcement leadership.

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