06th June 2025

1. Flipkart Secures NBFC Licence from RBI, Enters Direct Lending Space
2. Ashwani Lohani Appointed Director of Prime Ministers Museum and Library
3. India Secures Presidency of IIAS for 2025–2028 Term
4. India’s First Tri-Services All-Women Sailing Team Returns from Historic Seychelles Voyage
5. India to Conduct Population Census 2027 in Two Phases with Caste Enumeration
6. Nicaragua Becomes 101st WTO Member to Accept Fisheries Subsidies Agreement
7. President Murmu Confers 92 Distinguished Service Awards at Defence Investiture Ceremony 2025
8. Overview of Paraguayan President Santiago Peña Palacios’s Visit to India from June 02 to 04, 2025
9. Overview of ADB’s President Masato Kanda Visit to India From 28 to 31 May 2025
10. Khichan & Menar Wetlands in Rajasthan Declared Ramsar Sites; India Leads Asia with 91 Wetlands
11. Yashasvi Solanki appointed as ADC to President of India
12. Candere Hurun India Women Leaders List 2025: Recognizing 97 Influential Women Shaping India’s Economy
13. UNGA Elected Five Countries as Non-Permanent Members to UNSC for 2026–2027 Term
14. Motilal Oswal MF launches India’s first BSE 1000 Index Fund
15. Adani Airports Raised USD 750 Million via ECB to Expand Airport Infrastructure
16. BEL Secures Rs 537 Crore Orders for Ship Systems and Upgrades
17. IBA inks MoU with IOCL to Boost Bio-Energy and Hydrogen Sectors
18. TCL India Extended Rohit Sharma as Brand Ambassador for Second Consecutive Year
19. Netherlands PM Dick Schoof resigns after PVV decides to quit coalition
20. International Day for the Fight Against Illegal, Unreported and Unregulated Fishing 2025 – June 5
21. World Day Against Speciesism – June 5, 2025

National News

1. India Elected President of International Institute of Administrative Sciences

• What:
  • India has been elected President of the International Institute of Administrative Sciences (IIAS) for the 2025-2028 term after winning the election against Austria.
• Why:
  • The Indian Presidency aims to promote “Maximum Governance – Minimum Government” and focus on digital empowerment and unity.
• Tell me more:
  • The Department of Administrative Reforms and Public Grievances represents India in IIAS since 1998.
  • IIAS is a federation of 31 member countries, 20 national sections, and 15 academic research centres, working together on public administration research.
  • Four countries—India, South Africa, Austria, and Bahrain—submitted nominations, but the final election was between India and Austria after South Africa withdrew.
  • The hearings for the presidency were held in February 2025 at Bharat Mandapam, New Delhi, during the Annual IIAS Conference.

Source: PIB

2. Next Census to Begin in April 2026 with Caste Data

• What:
  • The government will start the next nationwide population census from April 1, 2026, which will include caste enumeration for the first time in over seventy years.
• Why:
  • The inclusion of caste data aims to ensure transparency, consistency, and address concerns over different approaches by states.
• Tell me more:
  • The census will be conducted in two phases under the Census Act, 1948, and Census Rules, 1990.
  • The reference date for most regions is March 1, 2027, but in snow-bound and non-synchronous areas, it will be October 1, 2026.
  • The last population census was held in 2011, and the 2021 census was postponed due to the Covid-19 outbreak.
  • A formal notification about the reference dates will be published in the official gazette on June 16, 2025.
  • The last full caste-based count was conducted by the British between 1881 and 1931.

Source: TOI

3. Paraguay President Completes First State Visit to India

• What:
  • President Santiago Peña Palacios of Paraguay made his first State Visit to India from June 2 to 4, 2025, marking the 64th anniversary of diplomatic relations between the two countries.
• Why:
  • The visit aimed to strengthen bilateral cooperation in various sectors and celebrate the long-standing partnership between India and Paraguay.
• Tell me more:
  • President Peña was received with a ceremonial welcome and held talks with Prime Minister Narendra Modi in New Delhi.
  • Discussions covered trade, investment, defence, agriculture, green energy, education, and cultural cooperation.
  • Both countries agreed to deepen cooperation in cybersecurity, space, biofuels, green hydrogen, and critical minerals.
  • India welcomed Paraguay’s support for the Comprehensive Convention on International Terrorism and its inclusion as the 100th member of the International Solar Alliance.
  • A Joint Commission Mechanism at the Vice Minister level was established to ensure sustained engagement.

Source: MEA

State News

1. Khichan and Menar Wetlands in Rajasthan Named Ramsar Sites

• What:
  • Khichan in Phalodi and Menar in Udaipur, Rajasthan, have been designated as Ramsar sites, making them Wetlands of International Importance.
• Why:
  • The designation aims to support conservation and highlight India’s efforts in protecting vital wetlands.
• Tell me more:
  • With these additions, India now has 91 Ramsar sites.
  • The Ramsar Convention is an intergovernmental treaty signed in 1971 in Ramsar, Iran, to protect wetlands worldwide.
  • Menar Wetland Complex is a freshwater monsoon wetland formed by three ponds and agricultural land, supporting 110 species of waterbirds, including 67 migratory species.
  • Khichan Wetland in the Thar Desert includes two water bodies and supports over 150 bird species, especially large flocks of migratory demoiselle cranes.
  • Both sites are recognized for strong community-led conservation efforts by local residents.

Source: IE

International News

1. UN Security Council Elects Five New Non-Permanent Members

• What:
  • Bahrain, Democratic Republic of the Congo, Liberia, Latvia, and Colombia have been elected as non-permanent members of the UN Security Council and will serve through the end of 2027.
• Why:
  • The election fills five non-permanent seats on the Security Council, ensuring regional representation and continuity in maintaining international peace and security.
• Tell me more:
  • These countries will join Denmark, Greece, Pakistan, Panama, and Somalia, who will serve through 2026.
  • The newly elected members will replace Algeria, Guyana, Republic of Korea, Sierra Leone, and Slovenia, whose terms end in December 2025.
  • Latvia will serve on the Security Council for the first time, while Colombia, DRC, Bahrain, and Liberia have previously served.
  • The Security Council has fifteen members: five permanent with veto power and ten non-permanent elected for staggered two-year terms.
  • Elections are held by secret ballot, with seats allocated by regional groups and a two-thirds majority required for election.

Source: UN

Banking and Economy

1. Flipkart Gets NBFC Licence from RBI

• What:
  • Flipkart has received a non-banking finance company (NBFC) licence from the Reserve Bank of India, allowing it to lend from its own books.
• Why:
  • The licence will help Flipkart expand its financial services and bring part of its loan book in-house.
• Tell me more:
  • Flipkart entered UPI payments earlier, and in May, its UPI processed 3.47 million transactions worth Rs 195 crore.
  • Flipkart already works with Axis Bank for a credit card and with other lenders for consumer loans and buy-now-pay-later services.
  • The NBFC licence enables Flipkart to create co-lending partnerships, helping partners increase credit disbursals.
  • Flipkart plans to list on Indian stock exchanges and has received board approval to shift its parent entity from Singapore to India.

Source: ET

2. ADB Announces $10 Billion Urban Infrastructure Initiative for India

• What:
  • The Asian Development Bank (ADB) announced a five-year urban infrastructure initiative for India, targeting up to $10 billion in investments for metro expansions, new transit corridors, and urban services.
• Why:
  • The initiative aims to support India’s vision of “Viksit Bharat 2047” by promoting sustainable, inclusive, and connected cities.
• Tell me more:
  • ADB’s plan includes sovereign loans, private sector funding, and third-party investments anchored in the Urban Challenge Fund (UCF).
  • The initiative will support metro projects, rapid rail transit systems, and urban services, focusing on air pollution management, transport efficiency, and social challenges.
  • ADB has committed $3 million in technical assistance for designing urban projects and strengthening state and local capacities.
  • ADB’s current urban portfolio in India covers 27 loans worth $5.15 billion, supporting over 110 cities in water supply, sanitation, housing, and waste management.
  • ADB is also investing in skill development under the National Industrial Training Institute Upgradation Program to create quality jobs for youth.

Source: ADB PIB

3. Motilal Oswal Launches BSE 1000 Index Fund

• What:
  • Motilal Oswal Mutual Fund has launched the Motilal Oswal BSE 1000 Index Fund, India’s first index fund tracking the BSE 1000 Total Return Index.
• Why:
  • The fund aims to offer investors broad-based exposure to India’s equity markets through a single, diversified index.
• Tell me more:
  • The new fund offer is open for subscription from June 5 to June 19.
  • The fund tracks the BSE 1000 Total Return Index, which covers about 94% of India’s listed market capitalization and includes companies from large, mid, small, and micro-cap segments across 22 sectors.
  • The investment objective is to provide returns that correspond to the BSE 1000 Total Return Index, subject to tracking error.
  • The scheme is managed by Swapnil Mayekar, Dishant Mehta, and Rakesh Shetty.
  • The minimum lumpsum investment is Rs 500, and the fund uses a passive, free-float weighted structure with semiannual rebalancing.

Source: ET

4. Adani Airports Raises $750 Million for Expansion

• What:
  • Adani Airports Holdings has raised $750 million through external commercial borrowings from a group of international banks.
• Why:
  • The funds will be used to refinance existing debt, upgrade infrastructure, and expand capacity at six airports.
• Tell me more:
  • The loan was secured at an interest rate of around 7.5% from a consortium led by First Abu Dhabi Bank, Barclays, and Standard Chartered.
  • The money will support expansion at airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.
  • Funds will also go towards expanding non-aeronautical businesses like retail, food and beverage, and duty-free services.
  • Adani Airports handled 94 million passengers in FY25, with a total capacity of 110 million, and plans to increase this to 300 million passengers a year by 2040.
  • Navi Mumbai International Airport is set to begin operations soon, with the first phase handling 20 million passengers annually.

Source: ET

Defence News

1. All-Woman Tri-Services Team Completes Historic Sailing Expedition

• What:
  • A team of 12 women officers from the Indian Army, Navy, and Air Force completed the first-ever international open-sea sailing mission by an all-woman team from the Indian armed forces.
• Why:
  • The expedition aimed to showcase women’s empowerment and operational excellence in the armed forces.
• Tell me more:
  • The sailing expedition was launched on April 7 from Mumbai and returned on June 4 after a 1,800-nautical-mile voyage to Seychelles and back.
  • The team sailed on the Indian Armed Services Vessel ‘Triveni’, a 56-foot indigenously-built yacht.
  • The expedition was ceremonially flagged-in by Lieutenant General AK Ramesh in Mumbai.
  • The mission paid tribute to India’s legendary warrior queens and highlighted the growing role of women in the armed forces.

Source: TP

2. Bharat Electronics Secures Fresh Defence Orders Worth Rs 537 Crore

• What:
  • Bharat Electronics (BEL) has received new orders worth Rs 537 crore for defence equipment and services.
• Why:
  • The orders will strengthen BEL’s defence electronics portfolio and boost its manufacturing presence in strategic and operational defence areas.
• Tell me more:
  • The new contracts include communication equipment, advanced shipborne systems, jammers, software, simulator upgrades, spares, and related services.
  • BEL is a Navratna defence public sector undertaking (PSU).
  • The company’s current market capitalisation is Rs 2,85,519 crore.
  • The average target price for BEL shares is Rs 395, with most analysts maintaining a ‘Buy’ rating.

Source: ET

Awards

1. President Confers Distinguished Service Medals to Armed Forces

• What:
  • President Droupadi Murmu awarded distinguished service decorations to top officers from the armed forces, Indian Coast Guard, and Border Roads Organisation for exceptional service during the Defence Investiture Ceremony 2025 (Phase-II).
• Why:
  • The awards recognize extraordinary courage and unwavering commitment shown by the personnel in their service.
• Tell me more:
  • Lt Gen Manoj Kumar Katiyar and Lt Gen Dhiraj Seth, commanders of Western and Southern Army Commands, received the Param Vishisht Seva Medal (PVSM).
  • Director General of Military Operations Lt Gen Rajiv Ghai received the Uttam Yudh Seva Medal (UYSM) for his role in Operation Sindoor.
  • Lt Gen Bhavnish Kumar, Parade Commander of the 2025 Republic Day Parade, received the Ati Vishisht Seva Medal (AVSM).
  • A total of 92 personnel from the armed forces, Coast Guard, and Border Roads Organisation were honoured.
  • The list of 30 PVSM awardees includes Lt Gen Dinesh Singh Rana, Lt Gen Amardeep Singh Aujla, Air Marshal Narmdeshwar Tiwari, and Air Marshal Nagesh Kapoor.

Source: TP

2. Hurun India and Candere Release 2025 Women Leaders List

• What:
  • Hurun India and Candere released the first edition of the 2025 Women Leaders List, recognising 97 women making a big impact in key sectors of the Indian economy.
• Why:
  • The list aims to celebrate and highlight the achievements of women leaders and entrepreneurs in India.
• Tell me more:
  • Shanti Ekambaram, Deputy Managing Director of Kotak Mahindra Bank, topped the list of leading women professionals.
  • Radha Vembu, co-founder of Zoho, led the first-generation wealth creators list with a net worth of INR 55,300 crore.
  • Roshni Nadar Malhotra, chairperson of HCL Technologies, led the next-generation women leaders list, with HCL Technologies valued at INR 4.87 lakh crore.
  • Rohini Nilekani contributed Rs 154 crore in philanthropy, focusing on policy reform and civic engagement.
  • Devanshi Kejriwal, Co-founder and CPO of Skillmatics, is known for eco-friendly educational games, and Arpita Singh achieved total art sales of Rs 22.9 crore.

Source: ET

Important Days

1. International Day for the Fight Against Illegal, Unreported and Unregulated Fishing 2025 – June 5

2. World Day Against Speciesism – June 5

Memorandum of Understanding

1. Indian Biogas Association and IOCL Sign MoU for Bioenergy

• What:
  • Indian Biogas Association has signed a Memorandum of Understanding with Indian Oil Corporation Ltd to develop the bioenergy and bio-hydrogen sector.
• Why:
  • The collaboration aims to expand the bioenergy sector by combining the strengths and resources of both organisations.
• Tell me more:
  • IOCL and IBA will create a knowledge centre, share technology, infrastructure, and skilled workforce, and focus on training and capacity-building for the biofuels sector.
  • Both organisations will work with legislators, industry players, and think tanks to support bioenergy initiatives and propose policy incentives for biofuels.
  • The partnership will also focus on research and development, especially industry-institute collaboration in the biofuels area.
  • IBA is already working with ministries to create regulations for biogas, bio-CNG, and renewable energy sectors.
  • The association is working with the German Biogas Association to develop the biogas sector in India.

Source: ET

Appointments

1. Ashwani Lohani Appointed Director of Prime Ministers Museum

• Ashwani Lohani has been appointed as director of the Prime Ministers Museum and Library (PMML) in Delhi for three years on a contract basis.

Source: TOI

2. First Woman Navy Officer Appointed ADC to President

• What:
  • Lieutenant Commander Yashasvi Solanki of the Indian Navy has been appointed as Aide-de-Camp (ADC) to the President of India, becoming the first woman Navy officer to hold this post.
• Why:
  • The appointment reflects the growing trust and recognition of women officers in the highest ceremonial and administrative roles in the armed forces.
• Tell me more:
  • The ADC role involves coordinating and communicating between the President and various parts of the establishment, ensuring smooth staff work and protocol.
  • The President usually has five ADCs: three from the Army, one from the Navy, and one from the Air Force, with the option to select officers from any service.
  • Recent years have seen women officers appointed as ADCs to Army Commanders, Service Chiefs, and Governors.
  • In December 2024, it was decided that personal staff officers for service chiefs would be appointed from sister services starting January 1, 2025.
  • This move is part of steps towards greater integration and uniformity in the defence forces.

Source: IT

3. TCL Extends Rohit Sharma’s Brand Ambassador Role

• TCL has extended its association with Rohit Sharma as its brand ambassador for the second year in a row.

Source: BW

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