News One Liner: 23-June-2025

  1.  The Index of Eight Core Industries rose in May 2025, driven by strong performance in cement, steel, coal, and refinery products.
  2. India Post Payments Bank (IPPB) secured first place among payments banks in the RBI’s Performance Index for FY 2024–25 and earned a special mention for FY 2023–24.
  3. MNRE introduced a ₹2.3 crore Innovative Projects Start-Up Challenge under Startup India to encourage rooftop solar and distributed renewable energy innovations.
  4. The Indian Navy will commission the latest stealth frigate Tamal at Kaliningrad, Russia on 1 July 2025, enhancing its maritime combat capabilities.
  5. BSNL has soft-launched its ‘Quantum 5G FWA’, an indigenous SIM-free fixed wireless access offering fibre-like speeds over 5G, at its Hyderabad Ameerpet exchange.
  6. NLC India Renewables Ltd won a contract from TNGECL for three standalone Battery Energy Storage System (BESS) projects totaling 250 MW/500 MWh, its first large-scale utility storage venture.
  7. IIT Madras and STL unveiled India’s first multi-core fibre (MCF) testbed—4.07 km underground + 1.20 km aerial—to accelerate optical communication research.
  8. To reduce dependence on China, India is rolling out a ₹3,500–5,000 crore initiative to boost domestic rare-earth mineral and magnet production.
  9. Union WCD Ministry inaugurated the Gender Budgeting Knowledge Hub, a portal to guide gender-responsive budgeting, boosting allocations from ₹0.98 to ₹4.49 lakh crore since 2014.
  10. According to IEA, India recorded the third-largest power generation growth in the past 5 years, with 83% of investment targeted at clean energy and USD 2.4 billion in development finance in 2024.
  11. Reserve Bank of India (RBI) spearheads a joint initiative with major banks to set up Digital Payment Infrastructure Protection (DPIP) units to curb rising fraud in UPI and online banking.
  12. Retail inflation faced by farm and rural workers dropped to 2.94% in May 2025, attributed to moderating food and fuel prices.
  13. Net direct tax collections for FY 2025–26 are projected to decline due to accelerated refunds and enhanced salary exemptions, despite strong gross inflows.
  14. Deposits by Indian residents in Swiss banks rose to CHF 2.54 billion in 2024, exceeding pre-2018 levels, but authorities emphasise it does not indicate black money repatriation.
  15.  On International Yoga Day, Uttarakhand CM Pushkar Singh Dhami announced India’s first state-level Yoga Policy in Gairsain, aiming to make the state a global yoga and wellness centre.
  16. In Bhubaneswar, PM Modi inaugurated 105 development projects worth over ₹18,600 crore and unveiled the Odisha Vision Document, steering the state towards a $500 billion economy by 2036 and $1.5 trillion by 2047.
  17. Javelin icon Neeraj Chopra secured victory at the Paris Diamond League, launching an early winning throw of 88.16 m, outlasting Germany’s Julian Weber.
  18. The Sahitya Akademi honoured 23 young writers with the Yuva Puraskar and 24 authors with the Bal Puraskar 2025, celebrating diverse literary contributions across Indian languages.
  19. World Hydrography Day is observed every year on 21 June, and in 2025 the theme “Seabed Mapping: Enabling Ocean Action” focuses on the pivotal role of seabed mapping in marine safety, sustainable resource management, and ocean governance.
  20. India observes the 11th International Day of Yoga on 21 June 2025 under the UN-designated theme Yoga for One Earth, One Health, promoting personal and planetary wellness.
  21. India maintained its position as the world’s top destination for greenfield FDI in 2024, ranking 15th in overall FDI, attracting $27.6 billion, despite an 11% global downturn.
  22. Chandigarh achieved the Prachesta‑1 grade with a 703/1000 score, ranking first in the Centre’s PGI 2.0 school education index for 2022–24, while Meghalaya ranked lowest.

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