National Current Affairs

Telangana Signs Pact with Kitakyushu for Sustainable Development

Source: Government of Telangana

• Telangana signed a cooperative agreement with Kitakyushu City, Japan, during Telangana Formation Day celebrations in Hyderabad to promote sustainable development.
• Key Highlights:
  • Eco-Town Model: Develop an 80-acre eco-town in Hyderabad, focusing on circular economy, waste management, and recycling technologies.
  • Musi River Rejuvenation: Leverage Kitakyushu’s expertise for environmental conservation and riverfront development.
• Signatories: CM A. Revanth Reddy, Kitakyushu Mayor Kazuhisa Takeuchi.
• State Details:
  • Chief Minister: A. Revanth Reddy
  • Governor: C.P. Radhakrishnan
  • Capital: Hyderabad

Ayush Nivesh Saarthi Portal Launched

Source: Ministry of Ayush, MoC&I

• Union Ministers Piyush Goyal (MoC&I) and Prataprao Jadhav (MoS, Ayush) launched the Ayush Nivesh Saarthi portal in New Delhi to boost investments in traditional medicine.
• Key Features:
  • Unified platform with policy frameworks, incentives, and investment-ready projects.
  • Real-time dashboards for guidance and approvals.
  • Targets domestic and international investors for India’s USD 13 billion Medical Value Travel sector.
• Developed By: Ministry of Ayush, DPIIT, and Invest India.
• Significance: Supports 100% FDI via automatic route, enhances global wellness economy.
• DPIIT Details:
  • Secretary: Amardeep Sing Bhatia
  • Headquarters: New Delhi

International Current Affairs

Global Platform for Disaster Risk Reduction 2025 Concludes

Source: United Nations Office for Disaster Risk Reduction (UNDRR)

• The 8th Session of the Global Platform for Disaster Risk Reduction (GPDRR) 2025, held from June 2-6 in Geneva, Switzerland, concluded with key recognitions.
• Key Highlights:
  • Theme: “Every Day Counts: Act for Resilience Today.”
  • Award: Mrutyunjay Mohapatra, IMD Director General, received the UN Sasakawa Award 2025 for Disaster Risk Reduction (individual category).
• Hosted By: Government of Switzerland, co-chaired by Switzerland and UNDRR.
• UNDRR Details:
  • Head: Kamal Kishore
  • Headquarters: Geneva, Switzerland

Banking & Finance Current Affairs

RBI’s 2nd Bi-monthly Monetary Policy for FY 2025-26

Source: Reserve Bank of India (RBI)

• The RBI held its 55th MPC meeting from June 4-6, 2025, chaired by Governor Sanjay Malhotra.
• Key Decisions:
  • GDP growth forecast retained at 6.5% for FY26 (Q1: 6.5%, Q2: 6.7%, Q3: 6.6%, Q4: 6.3%).
  • Loan-to-Value (LTV) cap for small-ticket gold loans (< Rs.2.5 lakh) raised to 85% from 75%.
  • NBFC-MFI qualifying asset threshold reduced to 60% from 75%.
  • Forex reserves at USD 691.5 billion (May 30, 2025).
  • FDI inflows up 14% to USD 81 billion in 2024-25.
• MPC Members: Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta, Dr. Rajiv Ranjan.

Economy & Business Current Affairs

NSE Sustainability Launches ESG Ratings

Source: National Stock Exchange (NSE)

• NSE Sustainability, a subsidiary of NSE Indices Limited, launched ESG ratings for listed companies to enhance sustainable finance.
• Key Points:
  • Registered as a Category I ESG Rating Provider by SEBI.
  • Uses transparent, data-driven methodology aligned with national/international standards.
  • Evaluates corporate sustainability practices across sectors.
• NSE Details:
  • Managing Director: Aniruddha Chatterjee
  • Headquarters: Mumbai, Maharashtra

L&T Issues India’s First ESG Bond

Source: Larsen & Toubro (L&T)

• L&T announced a Rs. 500 crore ESG bond issuance, the first under SEBI’s ESG framework, with HSBC as the sole lead arranger.
• Key Points:
  • Complies with SEBI’s requirements for sustainability objectives, external assessments, and post-issuance reporting.
  • L&T commitments: Reduce greenhouse gas emissions, achieve water neutrality by 2035, carbon neutrality by 2040.
• HSBC Details:
  • CEO: Georges Elhedery
  • Headquarters: London, UK

Important Days

World Oceans Day 2025

• Theme: Empowering leadership to stop ocean pollution.
• Observed annually on June 8 to raise awareness about protecting oceans and water bodies.
• Significance: Encourages global action for sustainable marine ecosystems.

National Best Friend Day 2025

• Celebrated on June 8 to honor supportive friendships and their value in personal growth.
• Significance: Promotes expressing gratitude for friends’ companionship.