05th June 2025

1. IOB Collaborated with AMUL and Richplus to Support Organic Farmers
2. IOCL to Set Up India’s Largest Green Hydrogen Plant at Panipat
3. Asian Athletics Championships 2025: India Finishes 2nd with 24 Medals; China Tops
4. Thailand Open Boxing 2025: Deepak, Naman Tanwar Bagged Gold; Indian Secured Total 8 Medals
5. Oscar Piastri Wins F1 Spanish Grand Prix 2025
6. Glenn Maxwell Retires from ODI Cricket, Heinrich Klaasen Retires from International Cricket
7. World Bicycle Day 2025 – June 3
8. MeitY Report: India to Require 1 Million AI Professionals by 2026
9. Union Minister Dr. Mansukh Mandaviya Inaugurates ‘Urban Adda 2025’ in New Delhi
10. Nicaragua Becomes 101st WTO Member to Formally Accept Agreement on Fisheries Subsidies
11. Bangladesh Unveils New Currency Notes Excluding Sheikh Mujibur Rahman’s Portrait
12. Indian Bank Launched NRE Savings Accounts and Premium Debit Cards for NRIs
13. India’s GDP growth likely to slow at 6.3% in FY26: OECD
14. India’s GDP growth decline to 6.2% in FY26, says Nomura
15. IndiGo signs MoU with Delta Airlines, Air France-KLM and Virgin Atlantic
16. ACC Extends Tenure of Swarup Kumar Saha as MD & CEO of PSB till February 2027
17. Deutsche Bank Appointed Stefan Schaffer as CEO of Deutsche India
18. Ulaanbaatar Open 2025 Wrestling: India Secured 2nd Spot with 21 Medals; Host Mongolia Topped
19. Singapore Open 2025: China’s Chen Yufei Claimed Women’s title; Thailand’s Kunlavut Vitidsarn Bags Men’s title
20. International Day of Innocent Children Victims of Aggression 2025 – June 4
21. Himachal CM Launches Van Samvardhan Yojana & Green Adoption Scheme
22. Overview of PM Narendra Modi’s Two-Day Visit to Sikkim, West Bengal, Bihar, and Uttar Pradesh
23. GoI Notifies ESZ Around Tral Wildlife Sanctuary in Pulwama, J&K

National News

1. Urban Adda 2025 Conclave Promotes Sustainable Urban Futures

• What:
  • Union Minister Dr. Mansukh Mandaviya launched the Urban Adda 2025 conclave at India Habitat Centre, New Delhi, focusing on sustainable urban futures and promoting cycling.
• Why:
  • The event aims to encourage discussions on climate resilience, mobility, and inclusive transport, and to promote cycling for health and environmental sustainability.
• Tell me more:
  • Urban Adda 2025 runs from June 3 to 5 and includes sessions on climate-resilient cities, gender and mobility, clean air, water, waste management, and inclusive transport.
  • Dr. Mandaviya unveiled two books on cycling’s benefits and flagged off a Cyclothon on World Bicycle Day with over 100 cyclists.
  • The event features a Youth Adda for young voices, a film festival on urban innovation, and public art exhibits.
  • The conclave is organized by Raahgiri Foundation with partners like ICCT and GuruJal, and supported by Nagarro.

Source: DD

State News

1. Rajiv Gandhi Van Samvardhan Yojana and Green Adoption Scheme Launched

• What:
  • Chief Minister Sukhvinder Singh Sukhu launched the ‘Rajiv Gandhi Van Samvardhan Yojana’ and ‘Green Adoption Scheme’ in Hamirpur to increase green cover and promote afforestation on barren forest land.
• Why:
  • The schemes aim to boost green cover, generate employment and income for local communities, and encourage private and corporate participation in forest development.
• Tell me more:
  • Fruit-bearing trees will be planted on barren and degraded forest areas with participation from mahila mandals, yuvak mandals, and self-help groups.
  • In the Green Adoption Scheme’s first phase, Ambuja group will plant on 25 hectares, while Adani Foundation and UltraTech will adopt 10 hectares each.
  • Certificates were given to organizations and mahila mandals for plantation and maintenance activities.
  • Van Mitras have been appointed to address staff shortages in the forest department, with many young women in these roles.
  • Three new wellness centres were announced, and a mobile app was launched for Van Mitra attendance tracking.

Source: TOI

2. Centre Notifies Eco-Sensitive Zone Around Tral Wildlife Sanctuary

• What:
  • The Centre has declared an Eco-Sensitive Zone (ESZ) of nearly 127.1 sq km around Tral Wildlife Sanctuary in Jammu and Kashmir to protect the critically endangered Hangul deer.
• Why:
  • The ESZ aims to create a buffer zone for the Hangul’s survival by regulating activities and conserving the sanctuary’s biodiversity.
• Tell me more:
  • The ESZ extends up to 3.36 km from the sanctuary’s boundary and includes 26 villages.
  • Tral Wildlife Sanctuary is a vital corridor for the remaining Hangul population, estimated at just 150-200 individuals.
  • The Kashmir Red Deer (Hangul) is listed as “critically endangered” by IUCN and under Schedule I of the Wildlife (Protection) Act, 1972.
  • The sanctuary is home to other endemic and threatened species, including the Kashmir Musk Deer, Common Leopard, and Himalayan Griffon Vulture.
  • The Tral area and its reserves have been protected since 1945 and were upgraded to a wildlife sanctuary in 2019, now covering about 155 sq km.

Source: N18

3. PM Modi Launches Major Development Projects in Four States

• What:
  • Prime Minister Narendra Modi began a four-state tour, launching and inaugurating multiple development projects in Sikkim, West Bengal, Bihar, and Uttar Pradesh.
• Why:
  • The projects aim to boost infrastructure, improve connectivity, support energy needs, and create employment opportunities in various regions.
• Tell me more:
  • In Sikkim, projects include a 500-bed hospital, a passenger ropeway, and a statue of Atal Bihari Vajpayee.
  • In West Bengal, the foundation stone was laid for a City Gas Distribution project to provide piped and compressed natural gas to households and vehicles.
  • In Bihar, the new Patna Airport terminal was inaugurated, and the foundation stone was laid for Bihta Airport, Nabinagar Super Thermal Power Project, and several highway and rail projects.
  • In Uttar Pradesh, projects include new substations, expansion of the Panki Thermal Power Project, and three units of the Ghatampur Thermal Power Project.

Source: TOI

International News

1. WTO Fisheries Subsidies Agreement Nears Entry into Force

• What:
  • Nicaragua has formally accepted the WTO Agreement on Fisheries Subsidies, bringing the total to 101 acceptances and moving the agreement closer to being enforced.
• Why:
  • The agreement aims to promote sustainable use of marine resources by prohibiting harmful fisheries subsidies and supporting global ocean health.
• Tell me more:
  • Two-thirds of WTO members (111) must accept the agreement for it to take effect.
  • The agreement was adopted at the WTO’s 12th Ministerial Conference (MC12) in June 2022.
  • It bans subsidies for illegal, unreported, and unregulated fishing, overfished stocks, and unregulated high seas fishing.
  • A special fund will provide technical assistance and capacity building to developing and least-developed countries for implementation.

Source: WTO

2. Bangladesh Removes Sheikh Mujibur Rahman’s Image from Banknotes

• What:
  • Bangladesh has issued new banknotes without the image of Sheikh Mujibur Rahman for the first time in over fifty years, featuring motifs of temples, landmarks, and national artwork instead.
• Tell me more:
  • The new notes include depictions of Hindu and Buddhist temples, artwork by Zainul Abedin, and the National Martyrs’ Memorial.
  • Both old and new notes are currently in legal circulation, marking a period of transition.
  • The currency redesign follows the ouster of former Prime Minister Sheikh Hasina and the formation of an interim government led by Muhammad Yunus.

Source: BS

Banking and Economy

1. IOC to Set Up India’s Largest Green Hydrogen Plant

• What:
  • Indian Oil Corporation (IOC) has finalised the levelized cost of hydrogen for a 10,000 tonnes per annum green hydrogen unit at its Panipat refinery in Haryana.
• Why:
  • The project aims to replace fossil-derived hydrogen with green hydrogen in refinery operations to reduce carbon emissions and support India’s clean energy goals.
• Tell me more:
  • The Panipat green hydrogen plant is India’s largest-ever green hydrogen project.
  • The unit is scheduled to be commissioned by December 2027.
  • Green hydrogen will be produced using renewable energy sources like solar, wind, or hydropower.
  • The project aligns with the government’s National Green Hydrogen Mission and IOC’s decarbonization roadmap.

Source: BS

2. Indian Bank Launches New Savings Accounts for NRIs

• What:
  • Indian Bank has introduced new Savings Account variants designed specifically for Non-Resident Indians (NRIs).
• Why:
  • The new accounts aim to provide NRIs with convenient, secure, and valuable digital banking solutions and strengthen their connection with India.
• Tell me more:
  • The new products are tailored to meet the changing financial needs and lifestyles of NRIs.
  • Accounts come with premium debit cards—IND D’Elite, IND Premium, and IND Plus—offering benefits like airport lounge access (domestic & international), personal accident cover, and exclusive loyalty offers.
  • The offerings combine traditional trust with modern conveniences for global Indian customers.
  • The initiative was announced by Shri Binod Kumar, managing director and CEO of Indian Bank.

Source: BS

3. IndiGo, Delta, Air France-KLM, Virgin Atlantic Announce Global Partnership

• What:
  • IndiGo, Delta Air Lines, Air France-KLM, and Virgin Atlantic have signed a Memorandum of Understanding (MoU) to create a global partnership connecting India with Europe and North America.
• Why:
  • The partnership aims to provide seamless travel, enhanced connectivity, and loyalty benefits for customers across dozens of cities in the US, Canada, Europe, and India.
• Tell me more:
  • The alliance builds on IndiGo’s existing agreements with Air France-KLM and Virgin Atlantic, and brings Delta Air Lines into the partnership for the first time.
  • IndiGo’s expansion to Europe will be supported by new aircraft, and new routes like KLM’s Amsterdam–Hyderabad and Delta’s Atlanta–Delhi are planned, pending approvals.
  • The partnership will also explore shared technology, operational excellence, and sustainability initiatives.

Source: ET

Reports and Indices

1. MeitY Report ‘India’s AI Revolution: A Roadmap to Viksit Bharat’

• What:
  • The Ministry of Electronics and Information Technology (MeitY) released the report ‘India’s AI Revolution: A Roadmap to Viksit Bharat’.
  • India is experiencing rapid growth in Artificial Intelligence (AI) education, with new government plans to prepare up to 1 million AI professionals by next year.
• Why:
  • The aim is to meet the rising demand for skilled AI personnel and support India’s technological growth.
• Tell me more:
  • AI learning is being promoted at undergraduate, postgraduate, and doctoral levels, with fellowships for PhD students in top institutions.
  • Data and AI Labs are being set up in Tier 2 and Tier 3 towns, and a model lab is operational at NIELIT Delhi.
  • BTech seats in areas like AI, Computer Science, and Data Science have increased, with 14.9 lakh seats sanctioned for 2024–25.
  • IIT Madras launched five free AI courses on the SWAYAM Plus platform for students and professionals.

Source: IT

GDP Forecasts

1. Nomura Projects India’s GDP Growth at 6.2% for FY26

• What:
  • Japanese brokerage Nomura has estimated that India’s real GDP growth will slow to 6.2% in FY26 from 6.5% in FY25.
• Why:
  • The projection is based on divergence between GST collection growth and other indicators like auto sales and bank credit, along with global uncertainties affecting the investment cycle.
• Tell me more:
  • Official data showed GDP growth at 6.5% in FY25, down from 9.2% in FY24.
  • The Reserve Bank of India expects growth to remain at 6.5%.
  • Nomura raised its March 2026 Nifty target to 26,140, citing strong domestic macro trends and resilient equity markets.
  • Bofa Securities noted that Indian equity market valuations are “full” but expects India to deliver many high-performing stocks, supported by themes like infrastructure and digitisation.
  • Nomura prefers domestic-focused sectors over exporters due to global uncertainties and expects a delay in the investment cycle.

Source: ET

Agriculture and Rural Development

1. Climate Support Initiative for 1 Lakh Organic Farmers

• What:
  • Indian Overseas Bank (IOB), Amul, and Richplus have signed a tripartite MoU to support one lakh organic farmers with credit and other benefits.
• Why:
  • The initiative aims to promote organic farming and empower organic farmers with financial and technical support.
• Tell me more:
  • IOB will onboard one lakh organic farmers in Tamil Nadu initially, with plans to expand nationally.
  • A co-branded Organic Farming Card will be launched for IOB account holders, offering access to discounted organic inputs at Amul outlets.
  • Farmers will receive free agronomist support, training, high-quality seeds, and NPOP certification. The MoU includes buy-back arrangements to ensure fair pricing and market stability for farmers.
  • IOB will introduce a dedicated credit scheme called “Harit Kranti” for organic farmers.

Source: HBL

Important Days

1. International Day of Innocent Children Victims of Aggression 2025 – June 4

Source: UN

Sports

1. India Finishes Second at Asian Athletics Championships 2025

• What:
  • Indian athletes won 24 medals and secured second place at the Asian Athletics Championships 2025 held in Gumi, Republic of Korea, from May 27 to 31.
• Tell me more:
  • Over 60 Indian athletes competed in 30 medal events across men’s, women’s, and mixed team categories.
  • India’s medal tally included eight gold, ten silver, and six bronze medals.
  • Notable achievements included Gulveer Singh’s double gold in men’s 5000m and 10000m, Subha Venkatesan and Rupal Chaudhary’s gold in relays, and national records by Animesh Kujur and Parul Chaudhary.
  • Avinash Sable became the first Indian man in 36 years to win a steeplechase gold at the championships.

Source: OC

2. India Wins Eight Medals at Thailand Open Boxing

• What:
  • Indian boxers won eight medals, including two gold, at the Thailand Open boxing tournament.
• Tell me more:
  • Deepak won gold in the men’s 75kg event and Naman Tanwar won gold in the 90kg event.
  • Kiran won silver in the women’s 80+kg category.
  • Five bronze medals were won by Tamanna (51kg), Priya (57kg), Sanju (60kg), Saneh (70kg), and Lalfakmawii Ralte (80kg).
  • Anshul Gill was disqualified from receiving a medal after a formal complaint by the opposing coach.

Source: TH

3. Oscar Piastri Wins Spanish Grand Prix for McLaren

• Oscar Piastri won the Spanish Grand Prix, leading a McLaren 1-2 finish with teammate Lando Norris.
• Oscar Piastri is an Australian Formula 1 driver.

Source: F1

4. Ulaanbaatar Open Wrestling 2025

• What:
  • India’s final medal tally was six gold, seven silver, and eight bronze. India finished with a total of 21 medals.
• Tell me more:
  • The fourth and final Ranking Series of the year will be held in Budapest, Hungary, from July 17 to 20.

Source: OC

5. Singapore Open 2025

• Chen Yufei won the women’s singles title at the BWF Singapore Open 2025.
• The men’s singles title was won by Kunlavut Vitidsarn of Thailand, who beat Lu Guangzu.
• The BWF Singapore Open is a major event in the international badminton calendar.

Source: OC

Appointments

1. Swarup Kumar Saha’s Tenure as Punjab & Sind Bank MD Extended

• The government has extended the tenure of Swarup Kumar Saha as Managing Director and CEO of Punjab & Sind Bank till February 2027.

Source: ET

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