Latest Current Affairs Daily Update

25th June 2020 Current Affairs Headlines and GK Update

National News

Union HRD Minister virtually launches ‘YUKTI 2.0’ platform

“YUKTI 2.0” platform has been virtually started by the Union Minister of Human Resource Development, Ramesh Pokhriyal ‘Nishank’, to help in regularly utilising the technologies having business potential and data related to incubated startups in our higher education institutions.

Union FPI Minister launches “Exclusive Investment Forum”

Union Food Processing Industries Minister Harsimrat Kaur Badal has started The Food Processing Edition of the “Exclusive Investment Forum”. It has been produced by the Invest India, the National Investment Promotion & Facilitation Agency of the Government of India. The “Exclusive Investment Forum” is a sectoral order to conduct extensive conversations among global industry leaders and key decision-makers from the highest levels of the Central and State Governments.

India to give USD 10 million to UNRWA for Palestine Refugees

India has promised to provide USD 10 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). The cost would be provided over the coming two years.

GeM mandates “Information about Country of Origin” for sellers

Information about Country of Origin” has been mandated for the sellers by the Government e-Marketplace (GeM), a Special Purpose Vehicle under the Ministry of Commerce and Industry. The sellers have been advised to mention “Information about Country of Origin” while registering all new products on GeM. While those sellers, who had already registered their products before the launch of this new feature on GeM, would be reminded regularly to update the information about Country of Origin. If they fail to update the same, their products shall be removed from GeM.

State News

Rajasthan Goverment to launch “Indira Rasoi Yojana”

Government of Rajasthan will begin Indira Rasoi Yojana to give complete and nutritious food on concessional rates to the needy twice each day and planning to spend of Rs.100 crore into the same project. This project will assure that “no one sleeps hungry” in the state.

Useful for all competitive exams:

  • Chief Minister of Rajasthan: Ashok Gehlot; Governor: Kalraj Mishra.

Tamil Nadu CM K. Palaniswami inaugurates compressed biogas plant

Chief Minister of Tamil Nadu, K. Palaniswami has introduced compressed biogas (CBG) Plant in Namakkal, Tamil Nadu, through video conference in the presence of Union Minister for Petroleum and Natural Gas, Dharmendra Pradhan. The cost of compressed biogas plant (CBG) is Rs 25 crore. The new plant can make 15 tonnes of CBG per day and 20 tonnes of bio manure per day.

Useful for all competitive exams:

  • Governor of Tamil Nadu: Banwarilal Purohit.


T. Rabi Sankar becomes new Chairman of IFTAS

Indian Financial Technology & Allied Services (IFTAS) has announced the appointment of T Rabi Sankar as its Chairman, while Dr N Rajendran has been appointed as the Chief Executive Officer (CEO) of the organization. IFTAS is a wholly-owned subsidiary of Reserve Bank of India.

Useful for all competitive exams:

  • IFTAS Headquarters: Mumbai, Maharashtra.

Banking & Economy News

GoI brings all cooperative banks under supervision of RBI

Government of India will bring a law to bring all cooperative banks under the Reserve Bank of India supervision. Now 1,482 urban cooperative banks and 58 multi-state cooperative banks would come under the supervisory authorities of the Reserve Bank of India. This determination will provide a promise to more than 86 million accounts holders that their money is safe.

Useful for all competitive exams:

  • RBI 25th Governor: Shaktikanta Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Moody’s forecasts India’s GDP to shrink 3.1% in 2020

Moody’s Investors Service has released its June update to Global Macro Outlook (2020-21). In its latest release, the rating agency projected the Indian economy to shrink 3.1% in the fiscal year 2020, while it is expected to register 6.9% growth in fiscal year 2021. Global Macro Outlook also indicated that China would be the only G-20 country to record growth of 1% in fiscal year 2020 and expects it to grow at 7.1% in fiscal year 2021.

Karnataka Bank rolls out KBL Micro Mitra for Micro entrepreneurs

The Karnataka Bank has launched a new product called “KBL Micro Mitra” for the Micro entrepreneurs. Under the newly launched product, the Micromanufacturing and service enterprises will be offered financial assistance of up to Rs 10 lakhs. This financial assistance would be provided with either for working capital or for investment purposes. KBL Micro Mitra would be available for the Micro entrepreneurs across India through all the branches of Karnataka Bank.

Useful for all competitive exams:

  • MD & CEO of Karnataka Bank: Mahabaleshwara M.S.

Sports Headlines

Wasim Jaffer becomes head coach of Uttarakhand cricket team

Former Indian opener Wasim Jaffer has been appointed the head coach of the Uttarakhand cricket team. This will be his first spell as a lead trainer with a Team.

Science & Technology

 IIT-Bombay develops Indian receiver chip “Dhruva”

IIT-Bombay has designed Indian beneficiary chip “Dhruva” which can be used in cell phones and gadgets to identify locations and directions inside the nation. Dhruva will get signals from India’s NAVIC group of navigation satellites.

Useful for all competitive exams:

  • IIT-Bombay Headquarters: Mumbai, Maharashtra.
  • Director of IIT-Bombay: Subhasis Chaudhuri.

Obituaries News

Former MP & veteran journalist Vishwa Bandhu Gupta passes away

Former member of parliament (MP) and veteran journalist Vishwa Bandhu Gupta passed away. He was associated with the Congress party during the 1980s and served as a Member of Parliament from Delhi between April 1984 to 1990, in the Rajya Sabha. He was also the President of the All India Newspaper Editors Conference.

Former Indian shooter Pournima Zanane passes away

Former Indian shooter and coach Pournima Zanane passed away. She represented India at multiple ISSF World Cups, Asian Championships, Commonwealth Championships, amongst other tournaments.

Former Karnataka basketball player K Raghunath passes away

Former Karnataka basketball star player, K Raghunath passed away. He was one of the founding members of the popular Beagles Basketball Club.

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