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CURRENT AFFAIRS : BANKING & FINANCE

National Bank for Agriculture and Rural Development Gets Government Nod to Raise ₹19,500 Crore via Deep-Discount Bonds 

• The National Bank for Agriculture and Rural Development (NABARD) has received federal government approval to raise up to ₹19,500 crore ($2.3 billion) through deep-discount bonds.
• NABARD can raise funds by issuing deep-discount zero-coupon bonds that mature in 10 years, 11 months, and 13 days, with the deadline to complete fundraising by March 2027.

Key Highlights :

• Deep-discount bonds are usually issued at a discount of 20%-25% or more to their face value and do not pay regular interest (similar to zero-coupon notes).
• This structure eliminates reinvestment risks because the bonds are redeemed at face value at maturity.
• Since March 2025, this is the fifth time the government has allowed a state-run firm to issue deep-discount debt, and the largest amount approved so far.
• Earlier in the month, the state-run Rural Electrification Corporation (REC) also received approval to issue such bonds.
• All approved firms must complete their fundraising by March 2027.

About NABARD:

• It is an All India Development Financial Institution (DFI) and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India.
• Headquarters: Mumbai, Maharashtra
• Founded: July 12, 1982 by the Government of India
• Chairman: Shaji K V

Reserve Bank of India Reports India’s Forex Reserves Increase by $5.17 Billion to $696.65 Billion  

• India's forex reserves increased by USD 5.17 billion to USD 696.65 billion for the week ended June 6, 2025, according to the Reserve Bank of India (RBI).
• For the previous week ended May 30, 2025, the reserves had declined by USD 1.237 billion to USD 691.485 billion.
• The all-time high of India’s forex reserves was USD 704.885 billion at the end of September 2024.

For the week ended June 6:

• Foreign Currency Assets (FCA), the major component of forex reserves, rose by USD 3.47 billion to USD 587.68 billion.
• FCA values include effects of appreciation or depreciation of non-US currencies like the euro, pound, and yen.
• Gold reserves increased by USD 1.58 billion to USD 85.88 billion during the week.
• Special Drawing Rights (SDRs) rose by USD 102 million to USD 18.67 billion.
• India’s reserve position with the IMF increased by USD 14 million to USD 4.4 billion.

Recent News :

• In May 2025, BookMyForex has introduced a single-currency Global Forex Card in USD, designed to facilitate international transactions without cross-currency charges or ATM withdrawal fees.

Reserve Bank of India Declines 30-Year Green Bond Bids Amid Investors’ Demand for Higher Yields

• The Reserve Bank of India (RBI) rejected all bids for the 30-year sovereign green bonds at the recent weekly auction due to investors demanding higher yields.
• RBI aimed to raise ₹5,000 crore through the auction but received:90 competitive bids worth ₹10,943.5 crore & 3 non-competitive bids totaling ₹1.24 crore
• The yield on the 30-year government bond rose by 2 basis points to 7.02%.
• The benchmark 10-year bond yield increased by 1 basis point to 6.36%.
• Green bonds are typically favored by insurers and pension funds.
• Greenium, a premium investors pay for green bonds due to their sustainability impact, was not observed in this auction, leading to bid rejection.
• RBI's green bond auction history in FY25:
• Two 30-year green bond auctions were fully subscribed (Dec 13, 2024, and Feb 21, 2025).
• Three 10-year green bond auctions were either cancelled or partially devolved to primary dealers.
• Auction cancellations and partial acceptances occurred on:
• May 31, 2024 (₹6,000 crore auction cancelled)
• August 2, 2024 (₹6,000 crore auction partially cancelled; ₹1,697 crore accepted)
• November 29, 2024 (₹5,000 crore auction partially devolved; ₹1,502 crore accepted)
• January 31, 2025 (₹5,000 crore auction partially devolved; ₹1,054 crore accepted)
• RBI's first-ever sovereign green bond auction was held on January 25, 2023, raising ₹8,000 crore through a mix of five-year and 10-year bonds, marking India’s entry into sovereign green finance.

Recent News :

• In May 2025, The Reserve Bank of India (RBI)added nearly 58 tonnes of gold in the financial year 2024-25 (FY25), bringing its total gold reserves to 879.59 tonnes.

Maruti Suzuki India Limited (MSIL) inks Memorandum of Understanding with Equitas Small Finance Bank for strategic vehicle financing partnership

• Maruti Suzuki India Limited (MSIL) has signed an MoU (Memorandum of Understanding) with Equitas Small Finance Bank for a strategic vehicle financing partnership.
• The partnership aims to offer comprehensive financing solutions to diverse customer profiles of Maruti Suzuki.
• The collaboration will leverage the growing customer base of Equitas Small Finance Bank to benefit Maruti Suzuki customers.

About Equitas Small Finance Bank :

• Equitas Small Finance Bank was originally Equitas Microfinance Ltd, and was converted into a small finance bank in 2016.
• The bank is headquartered in Chennai, Tamil Nadu.
• It operates as a subsidiary of Equitas Holdings Ltd.

Reserve Bank of India Simplifies Access and Reactivation of Dormant Accounts and Deposits 

• The Reserve Bank of India (RBI) has issued new guidelines to reactivate bank accounts and access unclaimed deposits, giving relief to customers and heirs trying to claim forgotten assets.
• Banks must offer more accessible options for updating Know Your Customer (KYC) information needed to reactivate a dormant account, according to the new guidelines

Updated KYC Process for Reactivating Dormant Accounts: Key Points

• KYC Update at Any Branch: Customers can now update their KYC not only at the home branch but at any branch of their bank.
• Video KYC Allowed: Banks are directed to facilitate Video-based Customer Identification Process (V-CIP) for reactivating inoperative accounts. This allows remote identity verification through a video call.
• Business Correspondents: Banks can use authorised Business Correspondents to assist customers with the KYC process, especially useful in rural and remote areas lacking physical branches.
• Importance of the Update:
• Helps customers and family members access forgotten or dormant account funds more easily.
• Video KYC and branch flexibility reduce paperwork and travel, benefiting senior citizens, NRIs, and heirs claiming funds of deceased relatives.
• What to Do:
• Check with your bank if you suspect an old account might be dormant.
• Contact customer service or visit any branch to initiate the KYC update process.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Punjab Launches ‘Udyog Kranti’ to Propel Industrial Growth

• The Punjab government, led by CM Bhagwant Singh Mann and Arvind Kejriwal, launched the Punjab Udyog Kranti, marking India’s first state-level comprehensive industrial reform campaign.
• With 12 major reforms, the initiative aims to enhance ease of doing business, ensure time-bound industrial clearances, and attract both domestic and international investments, positioning Punjab as a competitive industrial destination.

Key Highlights:

• Deemed Approval in 45 Days: Applications for industrial approvals to be cleared within 45 working days; delays will result in automatic clearance via FastTrack Portal.
• FastTrack Punjab Portal: A digital single-window system allowing end-to-end processing without manual intervention.
• Online Application Review: Application deficiencies to be communicated within 7 days, improving efficiency and clarity.
• Self-Certification for Structural Stability: Removes dependency on external experts, simplifying building plan approvals.
• Colour-Coded Stamp Papers: First-of-its-kind in India, integrating payments for CLU, pollution, fire, etc., through Invest Punjab Portal; enables clearance within 15 days.
• Single Window, Single Pen System: Industrialists interact with only one authority and one platform, reducing red tape.
• Investor-Friendly Governance: Built-in accountability mechanisms to address departmental delays automatically.

Static Info:

• Punjab’s industrial base includes textiles, agri-processing, engineering, and auto components.
• Industry contributes ~25% to Punjab’s GSDP.
• Invest Punjab serves as the state’s nodal investment promotion agency.

RECENT NEWS

• In a significant boost to crop diversification, Punjab has recorded a 20% increase in cotton cultivation in 2025 compared to the previous year. The area under cotton has expanded from 2.49 lakh acres to 2.98 lakh acres, marking a rise of over 49,000 acres.
• In a significant move to enhance the safety and protection of women and children affected by violence, Punjab’s Social Security, Women, and Child Development Minister, Dr. Baljit Kaur, officially launched ‘Project Hifazat’ on Thursday, March 7, 2025.

India Halts Rare Earth Exports to Japan to Prioritize Domestic Needs

• India has directed its state-run miner IREL (India Rare Earths Limited) to suspend a 13-year export agreement with Japan’s Toyotsu Rare Earths India, marking a significant strategic shift amid rising global demand and supply chain uncertainties.
• This move aims to boost domestic capacity and reduce reliance on imports, especially from China, which recently imposed export restrictions on rare earths.

Key Details:

• Export Suspension: IREL will halt shipments under the 2012 bilateral deal supplying mostly Neodymium, a rare earth used in electric vehicle (EV) motors and magnets.
• Rationale: Protect India’s rare earth reserves to meet growing domestic demand, driven by rapid EV and renewable energy expansion.
• Diplomatic Note: India seeks an amicable resolution with Japan, maintaining strong bilateral ties.

Background:

• Agreement: Between IREL and Toyotsu Rare Earths India (subsidiary of Toyota Tsusho, Japan).
• Exports: Over 1,000 metric tons shipped in FY2024; India mined about 2,900 metric tons.
• Domestic Demand Rise: Following China’s rare earth export curbs from April 2025, India faces pressure to develop self-reliance.

India’s Rare Earth Profile & Plans:

• Holds 5th-largest global reserves (~6.9 million metric tons).
• Currently lacks domestic magnet manufacturing, importing large quantities (53,748 metric tons in FY2024-25).
• IREL’s expansion aims:
  • Extract 450 metric tons of Neodymium by FY2026.
  • Double production by 2030.
  • Operate extraction plants in Odisha and refining units in Kerala.
  • Explore partnerships to develop domestic magnet manufacturing.
• Government is preparing incentives to encourage rare earth processing industries.

Global Context:

• China controls over 80% of global rare earth processing, creating vulnerability for countries dependent on imports.
• Rare earths are critical for EVs, wind turbines, medical devices, smartphones, and defense.
• China’s recent export curbs have revived concerns about supply security, similar to the 2010 embargo on Japan.

RECENT NEWS

• In a major shift on the global financial stage, Germany has overtaken Japan as the world’s top creditor country in 2024, ending Japan’s 34-year reign. This change, driven by current account surpluses, exchange rate dynamics, and structural economic trends, reflects broader transformations in global trade and investment patterns.
• India has marked a historic economic milestone by surpassing Japan to become the fourth-largest economy in the world. With a nominal Gross Domestic Product (GDP) of USD 4 trillion, India now stands just behind the United States, China, and Germany.
• India and Japan have taken a major step in their joint lunar exploration effort with the Chandrayaan-5 mission, also known as LUPEX (Lunar Polar Exploration).
• In a significant development in the Indian banking sector, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is reportedly in advanced talks to acquire a majority 51% stake in Yes Bank. This move, if finalized, could mark a major foreign direct investment in a private Indian bank that has been recovering from a financial crisis.
• In a remarkable engineering feat, West Japan Railway Company (JR West) has constructed the world’s first 3D-printed train station, assembling it in under six hours in Arida City, Wakayama Prefecture.

2025 Inland Fisheries Meet Calls for Collaborative Push Under Pradhan Mantri Matsya Sampada Yojana

• The Inland Fisheries and Aquaculture Meet 2025 was held on June 13 in Indore, Madhya Pradesh, bringing together Union and State ministers, policymakers, and experts to accelerate India’s inland fisheries development under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
• Union Minister Rajiv Ranjan Singh highlighted the need for technology integration, production scale-up, and export growth to support India’s vision of Viksit Bharat.

Key Highlights:

• Organised by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying (MoFAH&D).
• Meet focused on reviewing PMMSY progress, innovation, productivity, and state-centre coordination.
• Strategies promoted: expanding culture areas, improving brood and seed availability, and adoption of RAS, Biofloc, coldwater, and saline aquaculture systems.
• India’s fish production grew by 142% since 2013–14, reaching 147 lakh tonnes.
• The fisheries sector recorded an average annual growth of 9%, the highest among agri-allied sectors.
• Livelihood support for over 3 crore people, making India the second-largest fish producer globally.
• Total funding of ₹38,572 crore infused through:
  • Pradhan Mantri Matsya Sampada Yojana
  • FIDF (Fisheries and Aquaculture Infrastructure Development Fund)
  • Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)
  • Kisan Credit Card (KCC) initiatives.

Pradhan Mantri Matsya Sampada Yojana

• The Pradhan Mantri Matsya Sampada Yojana is an initiative launched by the Government of India to establish a comprehensive framework and reduce infrastructural gaps in the fisheries sector.
• It aims to achieve an ecologically healthy, economically viable, and socially inclusive growth of the sector.
• The scheme is being implemented for a period of five years, from 2020-21 to 2024-25, with a total investment of ₹ 20,050 crore.

RECENT NEWS

• In a landmark move aimed at securing water resources and promoting inter-State cooperation, Madhya Pradesh and Maharashtra signed an MoU on May 10, 2025, to jointly implement the Tapti Basin Mega Recharge Project.
• In a landmark move for wildlife conservation in India, Rajasthan is set to join Madhya Pradesh in establishing the country’s first inter-state cheetah conservation corridor, spanning 17,000 square kilometers.
• Madhya Pradesh has taken a significant leap towards forest conservation with the launch of India’s first AI-based real-time forest alert system. This system uses satellite data, AI, and mobile-based field reporting to detect land encroachment, deforestation, and other changes in forest areas.
• The Madhya Pradesh government has declared a new wildlife sanctuary in Sagar district, covering an area of 258.64 square kilometers. The sanctuary, named Dr. Bhimrao Ambedkar Abhyaran, was officially announced ahead of the 134th birth anniversary of Dr. B.R. Ambedkar, which will be observed on April 14.
• In a major step to support the agricultural community in Madhya Pradesh, Chief Minister Mohan Yadav announced on Sunday, March 3, 2025, that farmers across the state will soon receive permanent power connections for a nominal fee of just Rs 5.

Shell India & Government Partner to Skill Youth in EV and Green Technologies

• In a significant step toward clean energy goals, Shell India and the Ministry of Skill Development and Entrepreneurship (MSDE) have launched a national skilling initiative to train Indian youth in electric vehicle (EV) systems and green energy technologies.
• Facilitated by the Directorate General of Training (DGT), the programme supports India’s net-zero emissions vision and addresses rising demand for green-skilled manpower.

Key Highlights:

• Joint initiative by Shell India, DGT, and Edunet Foundation, launched.
• Focused on building a job-ready, climate-ready workforce in EV technology, battery systems, and digital diagnostics.
• Training deployed across five states: Delhi-NCR, Gujarat, Maharashtra, Tamil Nadu, and Karnataka.
• Advanced 240-hour EV Technician Course delivered via National Skill Training Institutes (NSTIs) at 4 centres.
• Job-oriented 90-hour course at 12 ITIs, equipped with Shell-supported labs.
• Foundational 50-hour green skills module for ITIs lacking physical lab infrastructure.
• Over 250 trainers to be upskilled through a dedicated Training of Trainers (ToT) component.
• Graduates to receive co-branded certificates from Shell and DGT, with structured placement assistance.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

SMFG India Credit Initiates Process to Appoint New MD & CEO

• SMFG India Credit, a non-banking finance company (NBFC), is in the process of appointing a new Managing Director (MD) and Chief Executive Officer (CEO).
• Shantanu Mitra, the current MD & CEO, has informed the board of his decision to step down by the end of this month.
• Mitra’s term was originally set to end in September 2025, but his retirement is part of a planned leadership transition.
• Mitra is retiring due to personal and family commitments.
• Until a new appointment is made, the leadership team at SMFG India Credit will manage operations.
• Mitra has served two terms at the company:2010–2017 (initially joined as Group Chief Risk Officer, became CEO in 2011) & 2021–2025
• Sumitomo Mitsui Financial Group (SMFG):
• Owns 100% stake in SMFG India Credit
• Is the second-largest banking group in Japan
• Has total assets of $2 trillion as of December 2024
• SMFG India Credit provides home loans, business loans, and personal loans, among other services.

Recent News :

• In May 2025, Sumitomo Mitsui Banking Corporation (SMBC), a subsidiary of SMFG, signed a definitive agreement to acquire a 20% stake in Yes Bank for ₹13,483 crore.

Sun Pharma names Kirti Ganorkar as Managing Director & Dilip Shanghvi to remain Executive Chairman

• Kirti Ganorkar appointed as Managing Director of Sun Pharmaceutical Industries, effective September 1, 2025.
• Ganorkar will succeed Dilip Shanghvi as MD; Shanghvi will continue as Executive Chairman of the board.
• The appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
• All business and functions will now report to Kirti Ganorkar.
• Ganorkar has been heading India business at Sun Pharma since June 2019.
• Under his leadership, the India business has seen consistent growth and increased market share.
• He has held leadership roles in business development, marketing, M&A, new product introduction, project management, IP, and litigation at Sun Pharma.
• Played a key role in Sun Pharma’s specialty portfolio expansion, including securing rights for innovative products like Ilumya.
• Led Sun Pharma’s entry into Japan and initiated groundwork for entry into Europe.

About Sun Pharmaceutical Industries :

• Founded : 1983
• Headquarters : Mumbai, Maharashtra

Tamilnad Mercantile Bank appoints K Ramachandran as Additional Director and Part-Time Chairman

• The Board of Tamilnad Mercantile Bank approved the appointment of K Ramachandran as an Additional (Non-Executive Independent) Director and Non-Executive Part-Time Chairman.
• His appointment as Part-Time Chairman is subject to RBI approval.
• The tenure for the part-time chairman role will be for three years starting from approval.
• K Ramachandran has served as Executive Director at both Allahabad Bank and Indian Bank.
• He played a key role in the successful amalgamation of Allahabad Bank with Indian Bank.
• Tamilnad Mercantile Bank Limited is an Indian bank headquartered in Thoothukudi, Tamil Nadu.

Reserve Bank of India Approves Prashant Kumar's Re-Appointment as YES Bank Managing Director & Chief Executive Officer for Six-Month Term Starting October 6

• The Reserve Bank of India (RBI) has approved the re-appointment of Prashant Kumar as Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank for six months effective October 6, or till a new MD, CEO takes charge, whichever is earlier.
• Normally, the RBI approves a three-year term for bank heads, but this is a shorter-term extension.
• The shorter extension follows a recent event where Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) entered into a definitive agreement to acquire a 20% stake in YES Bank.
• SMBC's acquisition is via a secondary stake purchase: 13.19% from State Bank of India (SBI) and 6.81% from other bank shareholders including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank.
• Prashant Kumar was first appointed as the YES Bank administrator in March 2020, when the RBI superseded the lender’s board due to serious financial deterioration and lack of a credible revival plan.
• Moody’s Ratings upgraded YES Bank’s rating from ‘Ba3’ to ‘Ba2’ and changed the outlook from positive to stable.

CURRENT AFFAIRS : DEFENCE NEWS

Defence Research and Development Organisation developing three Kusha air defence system variants, induction expected by 2030  

• Defence Research and Development Organisation (DRDO) is developing three variants of Project Kusha.
• The phased induction of Project Kusha into the Armed Forces is expected to be completed by around 2030.

Key Highlights :

• Kusha M1: Equipped with short-range missile systems to intercept incoming threats including aircraft and missiles.
• Kusha M2: Armed with medium-range surface-to-air missiles (MRSAM).
• Kusha M3: Has a strike range exceeding 400 km.
• The Extended Range Air Defence System (ERADS) Kusha is promoted as an indigenous alternative to Russia’s S-500 missile system.
• DRDO claims Kusha will surpass the capabilities of the S-400 system currently operated by the Indian Air Force (IAF).
• Kusha is designed to provide multi-layered spatial protection.
• One system can launch multiple interceptor missiles to cover a range of 100 to 200 km against a variety of aerial threats.

About DRDO:

• Founded: 1958
• Headquarters: New Delhi, India
• Parent Ministry: Ministry of Defence, Government of India
• Chairman: Dr. Samir V. Kamat

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

National Aeronautics and Space Administration Spots Mars Volcano Standing Twice as Tall as Earth’s Highest Mountains

• The National Aeronautics and Space Administration (NASA’s) 2001 Mars Odyssey orbiter captured a stunning image of a 20-kilometer-high volcano on Mars called Arsia Mons.
• The image was taken from the upper atmosphere at dawn, showing a green haze with Arsia Mons visible through clouds.
• Arsia Mons stands roughly twice as tall as Earth’s tallest volcano, Mauna Loa in Hawaii, which rises 9 kilometers above the seafloor.
• The summit caldera of Arsia Mons is about 120 kilometers wide, making it larger than many Earth volcanoes.
• The image was taken on May 2 using the Thermal Emission Imaging System (THEMIS).
• Arsia Mons is the southernmost and cloudiest of the Tharsis volcanoes on Mars.
• The Mars Odyssey orbiter, launched in 2001, is the longest-running mission orbiting another planet.

About NASA:

• Established: 1958
• Headquarters: Washington, D.C., USA

CURRENT AFFAIRS: SPORTS NEWS

Suruchi Singh Clinches Third Consecutive ISSF World Cup 10m Air Pistol Gold

• Indian teenager Suruchi Singh continued her remarkable debut season by winning gold in the women’s 10m air pistol final at the Munich ISSF World Cup, shooting 241.9 to edge out France’s Camille Jedrzejewski by 0.2 points.

Key Highlights:

• Hat-trick of Golds: Victories in Buenos Aires, Lima, and now Munich mark her first three World Cup appearances.
• Qualification Excellence: Scored 588, equalling Manu Bhaker’s national record; China’s Yao Qianxuan led with a junior world record 589.
• Turning Point Shots: A 10.8 in the 12th shot and a decisive 10.5 in the 23rd regained the lead amid fierce competition.
• Podium Rivals: Camille Jedrzejewski claimed silver (241.7); Yao Qianxuan took bronze (221.7).
• India’s First Gold at This Stage: Breaks the medal drought after earlier bronzes by Anjum Moudgil and Sift Kaur Samra.

Cristiano Ronaldo Appointed Global Ambassador for Esports World Cup 2025

• Football legend Cristiano Ronaldo has been named Global Ambassador by the Esports World Cup Foundation for the 2025 Esports World Cup in Riyadh, Saudi Arabia (July 7–August 24, 2025).
• This landmark partnership underscores the growing synergy between traditional sports and competitive gaming.

Key Highlights:

• Ambassador Role: Ronaldo will promote esports globally, inspiring the next generation of gamers.
• Event Scale: Features 2,000 elite players and 200 clubs from 100+ countries, across 25 tournaments in 24 games.
• Record Prize Pool: Over $70 million, the largest in esports history.
• Signature Tournament: “FATAL FURY: City of the Wolves” includes Ronaldo as a playable character.
• Bridging Sports and Gaming: Marks a significant crossover that enhances esports’ mainstream credibility.
• Previous EWCF Involvement: Ronaldo joined the 2024 launch and attended its closing ceremony, cementing his commitment to esports.

South Africa Clinches Maiden ICC World Test Championship 2025 Title at Lord’s

• In a historic victory, South Africa defeated defending champions Australia by five wickets in the ICC World Test Championship (WTC) Final 2025 at Lord’s, London, ending a 27-year wait for a global cricket title.
• The win was powered by Aiden Markram’s match-winning century and Temba Bavuma’s astute captaincy, making it South Africa’s first-ever ICC trophy.

Key Highlights:

• First ICC title for South Africa since 1998, marking a major breakthrough in world cricket.
• Final Score Summary:
  • Australia 1st Innings: 212 (Steve Smith, Beau Webster – fifties; Kagiso Rabada – 5 wickets)
  • South Africa 1st Innings: 138 (Pat Cummins – 6 wickets)
  • Australia 2nd Innings: 207
  • South Africa 2nd Innings: 282/5 (Target: 282)
• Aiden Markram scored 136, anchoring the successful chase with a fourth-innings century.
• Captain Temba Bavuma contributed a vital half-century in the chase and led from the front throughout the match.
• Kyle Verreynne finished the match with a composed final knock.
• Man of the Match: Aiden Markram
• Symbolic Win: First ICC final win under South Africa’s first full-time Black Test captain, Temba Bavuma—signifying national unity and sporting redemption.
• South Africa entered the final on an 8-match winning streak, showcasing consistency and resilience.
• Past WTC Champions:
  • 2021: New Zealand
  • 2023: Australia
  • 2025: South Africa

India Dominate 2025 Taiwan Athletics Open with 16 Medals Including 12 Gold

• India emerged as the top-performing nation at the 2025 Taiwan Athletics Open, held from June 7–8 at Taipei Municipal Stadium, with a record-breaking medal haul of 16 medals (12 Gold, 3 Silver, 1 Bronze).
• Indian athletes excelled across sprint, hurdles, relay, and field events, setting multiple championship records.

Key Highlights:

• India topped the overall medal tally, ahead of Australia (7 Gold) and Japan (3 Gold).
• 12 Gold Medals:
  • Jyothi Yarraji – Women’s 100m hurdles (12.99s)
  • Tejas Shirse – Men’s 110m hurdles (13.52s)
  • Abdulla Aboobacker – Men’s Triple Jump (16.21m)
  • Pooja – Women’s 1500m (4:11.63, Championship Record)
  • Krishan Kumar – Men’s 800m (1:48.46, Championship Record)
  • Annu Rani – Women’s Javelin Throw (56.82m)
  • Rohit Yadav – Men’s Javelin Throw (74.42m)
  • Vithya Ramraj – Women’s 400m hurdles (56.53s)
  • Men’s 4x100m Relay – Gurindervir Singh, Animesh Kujur, Manikanta Hoblidhar, Amlan Borgohain (38.75s)
  • Women’s 4x100m Relay – Sudheeksha Vadluri, Sneha S S, Abinaya Rajarajan, Nithya Gandhe (44.07s, Championship Record)
  • Men’s 4x400m Relay – Santosh T, Vishal TK, Dharamveer Chaudhary, Manu TS (3:05.58s, Championship Record)
  • Pooja – Women’s 800m (2:02.79s, Championship Record)
• 3 Silver Medals:
  • Yashas Palaksha – Men’s 400m hurdles (49.22s)
  • Twinkle Chaudhary – Women’s 800m (2:06.96s)
  • Shaili Singh – Women’s Long Jump (6.41m)
• 1 Bronze Medal:
  • Ancy Sojan – Women’s Long Jump (6.39m)
• India’s clean sweep in relays and consistent podium finishes across disciplines signal strong preparation ahead of Olympic qualifiers and global championships.

CURRENT AFFAIRS: IMPORTANT DAYS

Global Wind Day 2025: June 15

• Global Wind Day 2025 is observed all over the world on 15th June.
• On June 15, Global Wind Day, also known as World Wind Day, is commemorated. It's a day for learning about wind energy, and its potential for reshaping energy systems, decarbonizing economies, and boosting employment and growth.

History

• In 2007, The European Wind Energy Association (EWEA) organized the first Wind Day.
• In 2009 the EWEA joined forces with the Global Wind Energy Council (GWEC) and made it a worldwide event.
• In recent years, WindEurope and the GWEC have organized the day together.
•  In 2012, the organization sponsored a photo competition. People around the world were encouraged to enter photos that best captured the theme for the year.

World Elder Abuse Awareness Day 2025: June 15

• On June 15th, every year the world commemorates World Elder Abuse Awareness Day.
• This day is marked in order to raise awareness about the plight of the elderly who are abused and harmed.
• 2025 Theme: Addressing Abuse of Older Adults in Long Term Care Facilities: Through Data and Action

 History

• In 1978, SAGE was formed and the Advocacy and Services for LGBT elders were created.
• In 1983, The first book on elder abuse, “Abuse and Maltreatment of the Elderly: Causes and Interventions”, was published.
• In1988, The National Center on Elder Abuse (NCEA) was established by the U.S. Administration on Aging.
• In 2003, A group of UCI professors created the nation’s first-ever Elder Abuse Forensic Center
• The day was officially recognized by the United Nations General Assembly in December 2011 bypassing the resolution 66/127 of the United Nations following a request by the International Network for the Prevention of Elder Abuse (INPEA), which first established the commemoration in June 2006.

World Fathers’ Day 2025: June 15

• On June 15th, 2025, World Fathers’ Day 2025 is celebrated all over the world to acknowledge and appreciate the role of fathers who play a very important role in our families, and in society at large.
• World Fathers’ Day is celebrated globally on the 3rd Sunday of June every year.
• Father's Day always falls on the third Sunday in June which means its actual date changes from year to year.

History

• Sonora Smart Dodd is credited for establishing this lovely day in memory of those who gave up their present for our future (our parents, mom, and dad). Dodd was born in the United States of America, in the state of Arkansas.
• Sonora Smart's father, William Jackson Smart, was a Civil War soldier who raised his six children as a single parent.
• Dodd praised her authoritarian father as a "very rigorous man," claiming that his strictness was the primary cause for her family's cohesion.
• Father's Day was originally observed in the state of Washington on June 19, 1910, largely to the efforts of Sonora Smart Dodd.
• President Richard Nixon designated Father's Day a permanent national holiday in 1972.
• The Father's Day Council named "Father's Day" a Second Christmas for all men's gift-oriented sectors by the mid-1980s.

Daily CA One- Liner: June 15 & 16

• The Punjab government, led by CM Bhagwant Singh Mann and Arvind Kejriwal, launched the Punjab Udyog Kranti, marking India’s first state-level comprehensive industrial reform campaign
• India has directed its state-run miner IREL (India Rare Earths Limited) to suspend a 13-year export agreement with Japan’s Toyotsu Rare Earths India, marking a significant strategic shift amid rising global demand and supply chain uncertainties
• The Inland Fisheries and Aquaculture Meet 2025 was held on June 13 in Indore, Madhya Pradesh, bringing together Union and State ministers, policymakers, and experts to accelerate India’s inland fisheries development under the Pradhan Mantri Matsya Sampada Yojana
• In a significant step toward clean energy goals, Shell India and the Ministry of Skill Development and Entrepreneurship (MSDE) have launched a national skilling initiative to train Indian youth in electric vehicle (EV) systems and green energy technologies
• Indian teenager Suruchi Singh continued her remarkable debut season by winning gold in the women’s 10m air pistol final at the Munich ISSF World Cup, shooting 241.9 to edge out France’s Camille Jedrzejewski by 0.2 points
• Football legend Cristiano Ronaldo has been named Global Ambassador by the Esports World Cup Foundation for the 2025 Esports World Cup in Riyadh, Saudi Arabia
• In a historic victory, South Africa defeated defending champions Australia by five wickets in the ICC World Test Championship (WTC) Final 2025 at Lord’s, London, ending a 27-year wait for a global cricket title
• India emerged as the top-performing nation at the 2025 Taiwan Athletics Open, held from June 7–8 at Taipei Municipal Stadium, with a record-breaking medal haul of 16 medals (12 Gold, 3 Silver, 1 Bronze).
• Global Wind Day 2025 is observed all over the world on 15th June
• On June 15th, every year the world commemorates World Elder Abuse Awareness Day
• On June 15th, 2025, World Fathers’ Day 2025 is celebrated all over the world to acknowledge and appreciate the role of fathers who play a very important role in our families, and in society at large.
• The National Bank for Agriculture and Rural Development (NABARD) has received federal government approval to raise up to ₹19,500 crore ($2.3 billion) through deep-discount bonds.
• India's forex reserves increased by USD 5.17 billion to USD 696.65 billion for the week ended June 6, 2025, according to the Reserve Bank of India (RBI).
• The Reserve Bank of India (RBI) rejected all bids for the 30-year sovereign green bonds at the recent weekly auction due to investors demanding higher yields.
• Maruti Suzuki India Limited (MSIL) has signed an MoU (Memorandum of Understanding) with Equitas Small Finance Bank for a strategic vehicle financing partnership.
• The Reserve Bank of India (RBI) has issued new guidelines to reactivate bank accounts and access unclaimed deposits, giving relief to customers and heirs trying to claim forgotten assets.
• SMFG India Credit, a non-banking finance company (NBFC), is in the process of appointing a new Managing Director (MD) and Chief Executive Officer (CEO).
• Kirti Ganorkar appointed as Managing Director of Sun Pharmaceutical Industries, effective September 1, 2025.
• The Board of Tamilnad Mercantile Bank approved the appointment of K Ramachandran as an Additional (Non-Executive Independent) Director and Non-Executive Part-Time Chairman.
• The Reserve Bank of India (RBI) has approved the re-appointment of Prashant Kumar as Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank for six months effective October 6, or till a new MD, CEO takes charge, whichever is earlier.
• Defence Research and Development Organisation (DRDO) is developing three variants of Project Kusha.
• The National Aeronautics and Space Administration (NASA’s) 2001 Mars Odyssey orbiter captured a stunning image of a 20-kilometer-high volcano on Mars called Arsia Mons.