National News
Government Announces 3 Crore Additional Homes under PMAY
The Prime Minister, Shri Narendra Modi, has said that the decision of 3 crore additional rural and urban houses under Pradhan Mantri Awas Yojana (PMAY) underscores the government’s commitment to addressing the housing needs of our nation and ensuring that every citizen leads a better quality of life.
India Welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia Joining BRICS
India on June 10, wholeheartedly welcomed Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining the BRICS as their representatives attended for the first time a key meeting of the grouping hosted by Russia. Senior diplomat Dammu Ravi led the Indian delegation at the BRICS Foreign Ministers’ Meeting in Nizhny Novgorod, in western Russia.
States News
Chandrababu Naidu Reaffirms Amaravati as Sole Capital of Andhra Pradesh
A day before his swearing-in as the chief minister of Andhra Pradesh, TDP supremo N Chandrababu Naidu on Tuesday announced that Amaravati will be the sole capital of the state.
Chandrababu Naidu Sworn In as Andhra Pradesh Chief Minister for 4th Term
Three years after vowing to enter the Assembly only as Chief Minister, N. Chandrababu Naidu has been sworn in for his fourth term as the Chief Minister of Andhra Pradesh. The oath-taking ceremony, held near Gannavaram Airport in Kesarapalli on the outskirts of Vijayawada, saw the attendance of key figures including PM Modi and Home Minister Amit Shah.
Appointments News
Lt General Upendra Dwivedi Named New Army Chief
Lieutenant General Upendra Dwivedi take over as the next Chief of the Army Staff (COAS) on June 30. In his career of over 39 years, he has served as Northern Army Commander and Director General (DG) infantry amongst other appointments.
Abhijit Kishore and Rahul Vatts Appointed as New Leadership of COAI
The Cellular Operators’ Association of India (COAI) has announced its new leadership for the 2024-25 term, effective from June 2024. Abhijit Kishore, Chief Operating Officer (COO) of Vodafone Idea (VI), has been appointed as the Chairman, while Rahul Vatts, Chief Regulatory Officer (CRO) of Bharti Airtel, will serve as the Vice Chairman.
Banking News
RBI Initiatives to Combat Online Payment Frauds and Streamline Financial Operations
The Reserve Bank of India (RBI) has initiated several measures to address the increasing risks of payment frauds and to enhance operational efficiencies in the banking sector. To combat the rising incidence of domestic payment frauds, which surged by 70.64% to Rs 2,604 crore in the six-month period ended March 2024, the RBI plans to set up a Digital Payments Intelligence Platform. This platform will utilize advanced technologies to mitigate fraud risks. A committee headed by A.P. Hota, former MD & CEO of NPCI, has been formed to examine the setup of this digital infrastructure, with recommendations expected within two months.
Business News
GAIL to Set Up India’s Largest Ethane Cracker Project with Rs 60,000 Crore Investment in MP
GAIL (India) plans to establish a 1500 KTA Ethane Cracker Project in Sehore, Madhya Pradesh, with an estimated capex of Rs 60,000 crore. The project aims to produce a range of ethylene derivatives, bolstering the petrochemical infrastructure in the region.
Defence News
Japan-India Maritime Exercise JIMEX-24 Kicks Off in Yokosuka
The 8th edition of the Japan-India Maritime Exercise (JIMEX-24) has commenced at Yokosuka, Japan, hosted by the Japan Maritime Self-Defence Force (JMSDF). Indian Navy’s INS Shivalik and Japan’s JS Yugiri are participating.
Banking News
SBI Revolutionizes SME Lending with ‘SME Digital Business Loans’
In a groundbreaking move, the State Bank of India (SBI) has launched ‘SME Digital Business Loans’, aiming to sanction loans within an astonishing 45 minutes. Recognizing the pivotal role of micro, small, and medium enterprises (MSMEs) in its growth strategy, SBI has streamlined the borrowing process, eliminating traditional credit underwriting and appraisal procedures.
Economy News
World Bank Retains India’s FY25 Growth Forecast at 6.6%
In its latest biannual Global Economic Prospects, the World Bank maintains India’s growth projection at 6.6% for FY25, affirming its status as the fastest-growing among the largest economies. The forecast reflects a moderate pace of expansion following a high growth rate in FY 2023/24. Over the subsequent three fiscal years, India is expected to sustain an average growth of 6.7%, with projections of 6.7% for FY26 and 6.8% for FY27.
Schemes News
Modi clears PM-Kisan 17th Instalment
Prime Minister Narendra Modi on June10, signed the release of the 17th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN Nidhi) scheme. The move will benefit more than 93 million farmers by disbursing more than Rs 20,000 crore. 16th Installment of PM KISAN scheme was released on 28th February 2024.
Sports News
UP to Organize 2025 Edition of MotoGP Bharat in Noida
The Uttar Pradesh government has unveiled its plans for the MotoGP event as it will be hosted by the city of Noida from 2025 until 2029 and announced a collaboration with Spain’s Dorna Sports and the Indian partner which is Fairstreet sports. Initially, the event was to take place in 2024, but resulted in postponement due to weather conditions and is now slated for March 2025.
Puja Tomar Becomes First Indian to Win in UFC
Indian strawweight Puja Tomar became the first ever Indian to win a bout in the UFC as she defeated Brazil’s Rayanne Amanda dos Santos via split decision at the UFC Louisville on June 8. Puja Tomar beat Rayanne Amanda dos Santos 30-27, 30-27, 29-28.
India Named Hosts for 2025 FIH Hockey Men’s Junior World Cup
In a landmark decision, the Executive Board of the International Hockey Federation (FIH) has designated India as the host country for the inaugural FIH Hockey Men’s Junior World Cup featuring 24 teams, set to take place in December 2025. This decision underscores FIH’s commitment to expanding opportunities for National Associations and promoting diversity in the sport.
Important Days
World Day Against Child Labor 2024, Date, Theme, History and Significance
On June 12, the World Day Against Child Labour is observed globally. Its objective is to spark the growing global movement against child labour. The United Nations believes that child labour could be eradicated if people and governments focused on the primary cause and recognized the connection between social justice and child labor. “Let’s act on our commitments: End Child Labour” is the theme of World Day Against Child Labour 2024.
Obituaries News
Tragic Plane Crash Claims Lives of Malawi’s Vice President and Others
Malawi Vice President Saulos Chilima and nine other people, including his wife, were killed as the plane they were onboard crashed in the Chikangawa mountain range, said President Lazarus Chakwera. The aircraft carrying Chilima, who was being seen as the presidential candidate in next year’s general elections in Malawi, went missing.
Mumbai Cricket Association Honorary President Amol Kale Passes Away During India-Pak Match
Mumbai Cricket Association president Amol Kale has passed away due to cardiac arrest in New York. Kale had travelled to United States and watched the India vs Pakistan match live from the Nassau County International Cricket Stadium along with MCA secretary Ajinkya Naik and apex council member Suraj Samat on June 9.
Miscellaneous News
Oxford University Agrees to Return Stolen 500-Year-Old Bronze Idol to India
Oxford University’s Ashmolean Museum has decided to return a 16th-century bronze sculpture of Saint Tirumankai Alvar to India, following a formal request from the Indian government. The 60cm-tall statue, believed to have been stolen from a temple in Tamil Nadu, was acquired by the museum in 1967 from Sotheby’s auction house. The decision comes after an independent researcher alerted the museum to the statue’s origins, prompting the museum to notify the Indian High Commission.
