Daily Current Affairs

The Ministry of Coal launched C-CARES Version 2.0, a revamped digital portal developed by CMPFO to provide coal workers with seamless provident fund and pension services.

Built by C-DAC in collaboration with SBI, the platform offers:

• Real-time claim tracking
• Direct benefit transfers
• Mobile-based access

Initially rolled out in five regional offices, nationwide implementation will begin from July 2025, strengthening transparency and worker welfare under the Digital India framework.

The Asian Development Bank (ADB) announced a five-year plan to mobilise up to $10 billion for India’s urban development.

The initiative will support:

• Metro rail expansion
• New RRTS corridors
• Essential urban services across more than 100 cities

The plan aligns with India’s Urban Challenge Fund and focuses on inclusive growth, women’s participation, and skill development under the Viksit Bharat @2047 vision.

The Indian Institute of Corporate Affairs (IICA) is setting up its first regional campus in Shillong, Meghalaya, with funding under the PM-DevINE scheme.

With an investment of over ₹100 crore, the campus aims to promote:

• Corporate governance
• Entrepreneurship
• Policy training

The initiative supports decentralised development in the North-Eastern region.

The third Lavender Festival concluded in Bhaderwah, Jammu & Kashmir, showcasing the success of the CSIR-Aroma Mission.

The event demonstrated the economic potential of lavender cultivation, which has:

• Generated significant income for farmers
• Boosted women entrepreneurship
• Trained thousands of farmers and startups

The Uttar Pradesh government approved 20% horizontal reservation for former Agniveers in police recruitment, including constables and fire services.

The policy, effective from 2026, also provides age relaxation and aims to ensure post-service employment for Agniveepath scheme beneficiaries.

Liberal leader Lee Jae-myung was elected President of South Korea following political upheaval in the country.

He pledged:

• Economic reforms
• Balanced diplomacy
• Peaceful engagement with North Korea
• Maintaining strong ties with the United States

Historian and conservative leader Karol Nawrocki was elected President of Poland after a closely contested race.

Known for his nationalist stance, he is expected to influence Poland’s domestic policies and its relations with the European Union.

The 51st G7 Summit will be hosted by Canada in Kananaskis in June 2025.

Focus areas include:

• Climate action
• Global economic stability
• Digital transformation

India will not attend due to diplomatic considerations.

The Reserve Bank of India (RBI) imposed penalties worth ₹54.78 crore on 353 regulated entities for violations related to:

• KYC norms
• Cybersecurity
• Asset classification
• Reporting standards

Cooperative banks accounted for the highest number of penal actions.

Global institutions offered mixed outlooks on India’s FY26 GDP growth:

• OECD reduced its projection citing global risks
• UBS raised its estimate on expectations of stronger consumption, tax relief, and potential interest rate cuts by the RBI

Shailendra Nath Gupta assumed charge as Director General of Defence Estates, overseeing the management of over 18 lakh acres of defence land.

His appointment supports the government’s push for digitisation and transparency in defence land administration.

Aditya Birla Group Chairman Kumar Mangalam Birla was honoured with the USISPF Global Leadership Award 2025 for strengthening India-US economic ties and expanding investments that generated thousands of jobs in the United States.

India will construct its first Polar Research Vessel in collaboration with Norway to support polar expeditions and strengthen its scientific presence in Arctic and Antarctic regions.

McLaren’s Oscar Piastri secured a dominant victory at the Spanish Grand Prix 2025, extending his lead in the Formula One championship standings.

Royal Challengers Bangalore (RCB) won their first-ever IPL title by defeating Punjab Kings in the IPL 2025 final at Ahmedabad, ending years of near-misses.