🇮🇳 National News
Prime Minister Narendra Modi released the 17th instalment of PM-KISAN, transferring ₹20,000 crore directly to bank accounts of over 9 crore farmers via DBT (Direct Benefit Transfer).
The scheme provides ₹6,000 annually to eligible farmer families in three instalments.
PM-KISAN provides ₹6,000 per year in 3 instalments of ₹2,000 each to eligible small and marginal farmer families.
The Union Government notified the Unified Pension Scheme (UPS) for central government employees.
The scheme assures 50% of last drawn salary as pension after 25 years of service, offering a balance between OPS and NPS while ensuring fiscal sustainability.
UPS guarantees 50% of the average basic pay of last 12 months as pension for employees with 25+ years of service.
💼 Business & Economy
India’s WPI inflation declined to –0.79% in May 2025, driven by falling fuel and manufactured product prices, indicating easing input cost pressures.
Negative WPI indicates deflation at the wholesale level, which typically leads to lower production costs and may eventually benefit consumers.
🌐 International News
The 51st G7 Summit was held in Apulia, Italy, focusing on:
- Global economic stability
- AI governance
- Climate finance
- Support for Ukraine
Italy assumed the G7 presidency for 2025.
G7 comprises USA, UK, France, Germany, Italy, Japan, and Canada – representing major advanced economies.
🔬 Science & Technology
ISRO successfully conducted the RLV-LEX (Reusable Launch Vehicle Landing Experiment) autonomous landing experiment, marking progress towards cost-effective reusable space missions.
RLV technology aims to reduce space mission costs significantly by enabling rockets to be reused like aircraft.
🏆 Sports
Olympic champion Neeraj Chopra clinched gold in men’s javelin throw at the Paavo Nurmi Games in Finland with a season-best throw.
Neeraj Chopra continues his dominant form in the javelin throw, adding another international gold to his collection.
📅 Important Days
14 June – World Blood Donor Day
“Give blood, give hope: together we save lives”
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