News One Liner: 30-June-2025

  1. MoSPI’s NSO published a report detailing the value of output from agriculture and allied sectors between 2011‑12 and 2023‑24.
  2. Union Minister Pralhad Joshi inaugurated a 5 GWh BESS manufacturing plant in Bengaluru, under support schemes targeting 47 GW by 2032.
  3. FM Nirmala Sitharaman reviewed PSBs’ FY 2024‑25 performance—profits reached ₹1.78 lakh crore, NPAs at 0.52%, and outlined July‑Sept financial inclusion campaign across 2.7 lakh local bodies.
  4. The Ministry of Power set up a task force to develop the India Energy Stack, a DPI for digital integration across the energy value chain, piloted through a Utility Intelligence Platform.
  5. NSO under MoSPI released the GoIStats Android app on 29 June 2025, delivering official socio‑economic data via interactive dashboards and mobile‑optimized downloads.
  6. NLC India received a Letter of Award from NTPC to develop a 450 MW ISTS‑connected wind‑solar hybrid power project (300 MW in Bikaner, Rajasthan; 150 MW in Bhuj, Gujarat) with a 25‑year PPA, scheduled to start within 24 months.
  7. India’s mobile services revenue is expected to grow from US $30.2 billion in 2023 to US $39.3 billion by 2029, at a 5.4% CAGR, led by 5G-driven data demand and rural penetration.
  8. Torrent Pharmaceuticals will acquire a 46.39% stake in JB Chemicals from KKR and launch an open offer, valuing JB at ₹25,689 crore, making it India’s second-largest pharma deal.
  9. Reliance’s sports arm RISE Worldwide has partnered 50:50 with Denmark’s BLAST ApS to form Jio BLAST eSports, aimed at elevating India’s competitive gaming ecosystem.
  10. A joint MUFG Bank–Climate Bonds Initiative report estimates that India needs US $1.3 trillion by 2030 in green, social, and sustainability-linked debt to decarbonise energy-intensive sectors.
  11. India recorded a US $13.5 billion current account surplus in Q4 FY25 (1.3% of GDP), marking the first quarterly surplus in a year and reducing FY 25’s deficit to 0.6 % of GDP.
  12. The Ministry of Finance has directed public sector banks to monetise subsidiary stakes (e.g., in FIs, insurance) through stock exchange listings, raising capital and unlocking shareholder value.
  13. RBI projects that States and Union Territories will borrow up to ₹2.87 lakh crore through government securities in Q2 FY26, supporting planned fiscal spending.
  14. CM Chandrababu Naidu unveiled Space Policy 4.0, targeting ₹25,000 crore investments, creation of 5,000 direct and 30,000 indirect jobs, and establishment of Space Cities in Lepakshi and Tirupati.
  15. Maharashtra Government announced plans to deploy Automated Weather Stations (AWS) in every village, enhancing local weather data precision to aid agriculture and disaster preparedness.
  16. China has agreed to roll over US $3.4 billion in commercial loans to Pakistan, covering maturities due imminently as Beijing seeks broader debt restructuring support.
  17. World Bank approved a USD 50 million grant to Sri Lanka under the “Education Responses to Economic Crisis” project, aiming to enhance learning outcomes and youth employability.
  18. National Statistics Day is observed annually on 29 June, marking the birth anniversary of Prof Prasanta Chandra Mahalanobis, to highlight the role of statistics in governance and planning.
  19. World Asteroid Day is observed annually on 30 June to raise global awareness about asteroids and the critical need for planetary defence measures.
  20. Jammu & Kashmir Bank has named Ketan Kumar Joshi as its new Chief Financial Officer for a three-year term, succeeding Fayaz Ahmad Ganai.
  21. Infosys co-founder Nandan Nilekani has been appointed Chief Mentor of the new India Energy Stack Task Force, tasked with building a unified digital infrastructure for the power sector.
  22. Amul has maintained its rank as India’s top food brand with a brand valuation of USD 4.1 billion, while Mother Dairy surged to second place.

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