Important Monthly Current Affairs Capsule – May 2025

S. No Topics Page No

1. IMPORTANT DAYS 03

2. NATIONAL NEWS 11

3. INTERNATIONAL NEWS 38

4. BANKING, FINANCE & BUSINESS NEWS 46

5. STATE NEWS 86

6. APPOINTMENTS & RESIGNATIONS 94

7. BOOKS AND AUTHORS 152

8. MOUS AND AGREEMENT 115

9. AWARDS AND HONOURS 122

10. RANKING AND INDEXES 122

11. APPS AND PORTAL 130

12. DEFENCE NEWS 131

13. SCIENCE & TECHNOLOGY 140

14. ACQUISITIONS & MERGERS 146

15. SPORTS NEWS 152

16. OBITUARIES 163

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 Important Monthly Current Affairs Capsule – May 2025

NATIONAL NEWS
India Launches Green Hydrogen Certification Scheme (GHCI) & Empowers MSMEs
• The Ministry of New and Renewable Energy (MNRE) organized a National Workshop on
“Opportunities for MSMEs in the Green Hydrogen Supply Chain” in New Delhi.
• During the event, Union Minister Pralhad Joshi launched the Green Hydrogen Certification
Scheme of India (GHCI).
Green Hydrogen Certification Scheme (GHCI)
• Launched by: Union Minister Pralhad Joshi
• Purpose:
o Certify green hydrogen production in India
o Ensure transparency, traceability, and market credibility
• Significance:
o Supports India’s National Green Hydrogen Mission (NGHM)
o Aims to establish India as a global hub for green hydrogen
India Releases Draft Greenhouse Gases Emissions Intensity (GEI) Target Rules, 2025
• The Ministry of Environment, Forest and Climate Change (MoEFCC) notified the Draft
Gases Emissions Intensity (GEI) Target Rules, 2025.
• Aims to implement the Carbon Credit Trading Scheme (CCTS), 2023.
• Supports India’s commitment under the Paris Agreement to reduce GHG emissions
intensity of GDP by 45% by 2030 (compared to 2005 levels).
About GEI (Greenhouse Gases Emissions Intensity)
• GEI = GHG emissions per unit of output (e.g., per tonne of cement).
• Measured in tCO₂e (tonnes of CO₂ equivalent).
• Covers major greenhouse gases including CO₂, CH₄, N₂O, CFCs, HCFCs.
National Mission on Natural Farming (NMNF) – 2024: Bio-input Resource Centres Guidelines
Released
• The Union Ministry of Agriculture and Farmers’ Welfare released detailed guidelines for
establishing Bio-input Resource Centres (BRCs) under the National Mission on Natural
Farming (NMNF).
• NMNF was launched in November 2024 to promote chemical-free, sustainable
farming across India.

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 Important Monthly Current Affairs Capsule – May 2025

Ghaziabad Nagar Nigam Issues India’s First Certified Green Municipal Bond for Water Recycling
Facility
• Ghaziabad Nagar Nigam (GNN) has become the first Urban Local Body (ULB) in India to
issue a Certified Green Municipal Bond, raising ₹150 crore to fund an advanced Tertiary
Sewage Treatment Plant (TSTP).
• This initiative is part of the Swachh Bharat Mission–Urban and demonstrates India’s
evolving urban financial mechanisms and commitment to sustainability.
GenomeIndia Project: Government Grants Access to India’s First National Genomic Dataset
• The Department of Biotechnology (DBT) has completed Whole Genome Sequencing
(WGS) of over 10,000 individuals across India under the GenomeIndia Project,
representing the country’s vast population diversity.
• The Government of India officially made the GenomeIndia dataset available to Indian
researchers via the Indian Biological Data Centre (IBDC).
• The data was dedicated by Prime Minister Narendra Modi on January 9, 2025, during
the Genomics Data Conclave.
Centre Approves Greenfield NH-6 Corridor Connecting Meghalaya and Assam
• The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the
development of the Shillong–Silchar Greenfield Corridor on National Highway-06 (NH-
06) to enhance connectivity and infrastructure in Northeast India.
Union Cabinet Approves ₹355 Per Quintal FRP for Sugarcane for 2025–26 Season
• The Union Cabinet has approved a Fair and Remunerative Price (FRP) of ₹355 per
quintal for sugarcane for the 2025–26 season, effective from October 1, 2025.
● The decision is based on a basic recovery rate of 10.25% with additional premiums and
protections for both high and low recovery percentages, aimed at supporting sugarcane
farmers and stabilizing the agro-based sugar sector.

WAVES 2025: The Ultimate Global Exhibition for Media, Entertainment, and Technology
• India’s Media & Entertainment industry is among the world’s fastest-growing sectors, and
WAVES 2025 aims to position the country as a digital and cultural superpower by blending
storytelling, innovation, and entrepreneurship.
• The inaugural World Audio Visual & Entertainment Summit kicked off on May 1, 2025 at
Mumbai’s Jio World Convention Centre, drawing over 100,000 registrations from 60+
countries.

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 Important Monthly Current Affairs Capsule – May 2025

Election Commission of India Launches Training for Grassroot Election Officials

• The Election Commission of India (ECI) began a two-day capacity-building training
programme for 369 grassroots-level election officials from Bihar, Uttar Pradesh, Delhi, and
Haryana.
• This initiative is crucial for ensuring the accuracy of electoral rolls and enhancing poll
preparedness, particularly in Bihar, ahead of the upcoming state assembly elections.
India Champions Global Chemical & Waste Governance at BRS COPs 2025
• India reaffirmed its leadership in environmental governance at the BRS COPs 2025 in
Geneva, held from 30th April to 1st May.
• Led by Union Environment Minister Bhupender Yadav, India highlighted its regulatory
framework and advocated for technology transfer, finance access, and global action on
plastic pollution.
Static Information:
• Basel Convention (1989): Controls hazardous waste movement and disposal
• Rotterdam Convention (1998): Requires prior informed consent for hazardous chemicals
• Stockholm Convention (2001): Targets elimination of persistent organic pollutants (POPs)
• UNEA: United Nations Environment Assembly
• Venue: Geneva, Switzerland
Amit Shah Unveils Statue of Bodofa Upendranath Brahma in New Delhi
• Union Home Minister Amit Shah unveiled a 9-feet statue of Bodofa Upendranath Brahma
in New Delhi.
• A road and rotary were also named after him to commemorate his 35th death anniversary.
• Brahma was a respected Bodo leader known for his peaceful struggle for tribal rights and
identity.
About Bodo:
• Bodoland is an autonomous region within Assam under the Bodoland Territorial Region
(BTR).
• The traditional Bodo religion is Bathou, centred around worship of the Sijou plant.
• The 2020 Bodo Accord aimed to bring peace and development to Bodo-inhabited areas.
Prime Minister Narendra ModiDedicates ₹8,800 Crore Vizhinjam International Seaport in Kerala
• Prime Minister Narendra Modi inaugurated the Vizhinjam International Deepwater
Multipurpose Seaport in Thiruvananthapuram, Kerala, coinciding with Adi Shankaracharya’s
birth anniversary.

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 Important Monthly Current Affairs Capsule – May 2025

● Developed at a cost of ₹8,800 crore under a PPP model with Adani Ports, it is India’s first
deepwater transshipment hub and will accommodate vessels over 20,000 TEUs.
India Achieves Major Milestone in ITER Fusion Project with Central Solenoid Completion
• India has emerged as a major contributor to a key breakthrough in the ITER project —
the world’s most ambitious nuclear fusion initiative — by supplying the massive cryostat
and related technologies.
• This project, aimed at mimicking the sun’s energy production on Earth, has reached a
landmark.
• India supplied the 30 m cryostat chamber, cryolines, in-wall shielding, cooling and heating
systems that create the Tokamak’s ultra-cold, superconducting environment.
• The sixth module of the Central Solenoid—ITER’s core magnet system—has been
completed, providing sufficient magnetic force to “lift an aircraft carrier” and confine plasma
at 150 million °C.
NITI Aayog and IFC Release Report on Enhancing MSME Competitiveness
• NITI Aayog, in collaboration with the Institute for Competitiveness (IFC), has
published “Enhancing Competitiveness of MSMEs in India,” a detailed assessment of the
challenges facing Micro, Small, and Medium Enterprises (MSMEs).
• The report offers a roadmap of systemic reforms aimed at strengthening MSMEs through
improved financing, skill development, technology adoption, and market integration.
India Unveils World’s First Genome-Edited Rice Varieties
• India has become the first country in the world to officially launch genome-edited rice
varieties.
• Union Agriculture Minister Shri Shivraj Singh Chouhan unveiled two innovative rice strains—
DRR Rice 100 (Kamla) and Pusa DST Rice 1—developed by the Indian Council of
Agricultural Research (ICAR) using CRISPR-Cas technology.
• This marks a major leap forward in agricultural biotechnology and climate-smart farming.
India’s First AI-Powered Gold-Melting ATM Launched by Goldsikka
• Hyderabad-based fintech firm Goldsikka has introduced India’s first AI-integrated Gold-
Melting ATM, revolutionising the way gold is bought, sold, and monetised.
• This advanced machine, equipped with Artificial Intelligence (AI) and Augmented Reality
(AR), allows users to perform a variety of gold-related transactions, including virtual jewellery
trials, with no human intervention.

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 Important Monthly Current Affairs Capsule – May 2025

CBI’s Operation Hawk 2025 Dismantles International Online Child Exploitation Networks
• The Central Bureau of Investigation (CBI), in collaboration with global law enforcement
agencies, successfully dismantled cybercrime networks targeting minors through
Operation Hawk 2025.
Prime Minister Narendra Modi Inaugurates Khelo India Youth Games 2025 in Patna, Bihar
• Prime Minister Narendra Modi virtually inaugurated the seventh edition of the Khelo India
Youth Games (KIYG) in Patna, Bihar.
• This edition, with 27 medal disciplines and over 10,000 participants, marks Bihar’s first major
multi-sport event, showcasing its growing sports infrastructure and talent development.
• The Games, running until May 15, also introduced esports as a demonstration event.
India to Showcase SVAMITVA Scheme at World Bank Land Conference 2025
• India is set to take center stage at the 2025 World Bank Land Conference, which will be
held from May 5th to 8th in Washington, D.C.
• The Indian delegation, led by Shri Vivek Bharadwaj, Secretary, Ministry of Panchayati Raj
(MoPR), will highlight the country’s groundbreaking SVAMITVA Scheme and the Gram
Manchitra platform.
• These initiatives, leveraging advanced geospatial technologies and drones, are revolutionizing
rural land governance while supporting climate action and sustainable development.
Centre Launches ₹1.5 Lakh Cashless Treatment Scheme for Road Accident Victims
• The Central Government has launched the Cashless Treatment of Road Accident Victims
Scheme, 2025, offering free trauma care up to ₹1.5 lakh for those injured in road accidents
across India.
• The scheme, effective from May 5, 2025, aims to ensure timely and affordable emergency
treatment during the critical first seven days following an accident.
Government Approves Greenfield Airports in Kota and Puri for Enhanced Connectivity
• Union Civil Aviation Minister Rammohan Naidu Kinjarapu granted in-principle approval for
two new Greenfield airports—one in Kota, Rajasthan, and the other in Puri, Odisha.
• Aligned with the UDAN regional connectivity scheme, these projects will serve as catalysts for
improved air links, tourism growth, and economic development in both the educational hub of
Kota and the pilgrimage centre of Puri.
National Mission for Clean Ganga (NMCG), Approves Projects to Strengthen Ganga Rejuvenation
Efforts in 62nd Executive Committee Meeting

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 Important Monthly Current Affairs Capsule – May 2025

• The National Mission for Clean Ganga (NMCG), in its 62nd ExecutiveCommittee meeting
chaired by Shri Rajeev Kumar Mital, approved several projects focused on rejuvenating the
Ganga River and its ecosystem.
• These projects align with the goals of the Namami Gange Mission, emphasizing sustainable
practices such as wetland conservation and wastewater reuse to enhance environmental
and water resource management.
Indian Institute of Foreign Trade to Open Off-Campus Centre at GIFT City, Gujarat
• The Indian Institute of Foreign Trade (IIFT) has received approval from the Ministry of
Education to establish an off-campus centre at GIFT City, Gandhinagar.
• This initiative is in line with the objectives of the National Education Policy (NEP) 2020,
aiming to promote multidisciplinary education, global competitiveness, and decentralised
access to premier trade education.
Centre Launches ₹1.5 Lakh Cashless Trauma Care Scheme for Road Accident Victims
• The Government of India has notified the Cashless Treatment of Road Accident Victims
Scheme, 2025, effective May 5, 2025, to provide up to ₹1.5 lakh in immediate, cashless
medical care for accident victims during the first seven days post-incident.
• This landmark policy, rolled out by the Ministry of Road Transport and Highways, aims to
reduce mortality by eliminating financial barriers to prompt trauma treatment.
Centre approves ₹60,000 Crore ITI Modernisation and Five National Centres of Excellence
• The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a Centrally
Sponsored Scheme with an outlay of ₹60,000 crore to upgrade 1,000 Government ITIs and
establish five National Centres of Excellence for Skilling over five years, aiming to skill 20
lakh youth and align vocational training with industry needs.
Cabinet Sanctions ₹11,828.79 Crore for Expansion of Five New IITs and Research Parks
• The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved
the Phase-B expansion of academic and infrastructure capacity at IIT Tirupati, IIT Bhilai, IIT
Jammu, IIT Dharwad, and IIT Palakkad, along with the creation of five state-of-the-art
research parks to deepen industry-academia linkages.
• Total Outlay: ₹11,828.79 crore over 2025–26 to 2028–29, funding expansion at five recently
established IITs.
• Student Intake Boost: Capacity to increase by 6,576 seats, taking total strength from 7,111
to 13,687 across UG, PG, and PhD programmes.
Cabinet approves Revised SHAKTI Policy Rolls Out Two-Window Coal Linkage Mechanism for
Thermal Power Plants
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 Important Monthly Current Affairs Capsule – May 2025

• The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra
Modi, has approved fresh coal linkages under a revamped SHAKTI Policy.
• It introduces Window–I for supplies at notified prices and Window–II for auction-based
linkages at a premium, streamlining allocation and boosting flexibility for Central Gencos,
State Gencos, and Independent Power Producers.
• Window–I (Notified Price):
• Continues existing nomination-based linkages for Central Sector TPPs (including JVs) and
State Gencos.
• States may allocate their quota to IPPs via Tariff Based Competitive Bidding or existing
PPAs under Section 62 for new expansion units.

Development of Telematics (C-DOT)andCSIR-National Physical Laboratory (CSIR-NPL)Forge

Strategic Partnership in Classical & Quantum Communications
• The Centre for Development of Telematics (C-DOT) and CSIR-National Physical
Laboratory (CSIR-NPL) have signed an MoU to establish a long-term framework for joint
R&D, standardization, and innovation in next-generation classical and quantum
communication technologies.
• This collaboration combines C-DOT’s telecom expertise with CSIR-NPL’s metrology
leadership to drive indigenous, globally competitive solutions.
India Launches Non-Ferrous Metal Recycling Portal to Propel Circular Economy
• Union Minister Shri G. Kishan Reddy inaugurated the National Non-Ferrous Metal Scrap
Recycling Portal, under the National Scrap Recycling Framework.
• The digital platform offers a transparent registry and real-time data for recycling aluminium,
copper, lead, zinc, and critical minerals, strengthening India’s drive toward resource
efficiency and reduced import dependency.
India Rolls Out Biometric Chip-Enabled Passports to Bolster Travel Security
• India has commenced issuing chip-based e-passports, embedding RFID chips with citizens’
biometric data to deliver tamper-proof, internationally compliant travel documents.

Delhi to Conduct Five Cloud-Seeding Trials with IIT-Kanpur’s Expertise

• The Delhi government has launched a ₹3.21 crore project aimed at conducting five cloud-
seeding trials to combat the city’s severe air pollution.

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 Important Monthly Current Affairs Capsule – May 2025

• The initiative, led by the Delhi Environment Department in collaboration with IIT Kanpur,
uses technological solutions to explore artificial rainfall as a potential remedy during pollution
crises.
India Plans to Amend Seed Act for Seed Traceability and Quality Control
• The Indian government is moving forward with a proposal to amend the Seed Act to
address issues related to seed traceability, curb counterfeit sales, and improve the quality
of seeds available to farmers.
• This initiative is led by Agriculture Minister Shivraj Singh Chouhan.
India Sets Record 354.64 MT Foodgrain Output Target for 2025-26, Driven by ‘Above Normal’
Monsoon Forecast
• India’s government has set a record foodgrain output target of 354.64 million tonnes
(MT) for the 2025-26 crop year (July-June), marking a 4% increase from the previous year’s
target.
• This ambitious goal is supported by an above-normal monsoon forecast, with the Kharif
season expected to contribute 88 MT of the total output.

India at UNFF20: Showcasing Forest Conservation & Global Leadership in Big Cat Protection
• India actively participated in the 20th Session of the United Nations Forum on Forests
(UNFF20) held in New York, highlighting its achievements in forest
conservation, sustainable forest management, and big cat conservation.
Government notifies the expansion of the Credit Guarantee Scheme for Startups (CGSS) to
increase capital mobilization for startups
• The Government of India has expanded the Credit Guarantee Scheme for Startups
(CGSS) to enhance capital mobilization, reduce lending risks, and promote innovation.
• The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce
and Industry has notified the expansion of the CGSS which increases the ceiling on guarantee
cover per borrower under the Scheme from Rs. 10 crore to Rs. 20 crore.
• It aligns with initiatives such as ‘Make in India’ and supports the goal of building
an innovation-driven and self-reliant economy.
India Bans Medically Important Antimicrobials in Aquaculture to Curb AMR
• In May 2025, the Union Ministry of Commerce and Industry prohibited the use of
several WHO-listed, medically important antimicrobials in India’s aquaculture sector.
• This landmark decision targets the reduction of antimicrobial resistance (AMR),
ensures food safety, and aligns India’s seafood exports with global standards.
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 Important Monthly Current Affairs Capsule – May 2025

TDB-DST launches theme for National Technology Day 2025: “YANTRA – Yugantar for
Advancing New Technology, Research & Acceleration”
• The Technology Development Board (TDB) under the Department of Science &
Technology (DST) has announced “YANTRA – Yugantar for Advancing New Technology,
Research & Acceleration” as the official theme for National Technology Day 2025.
• YANTRA, reflecting India’s heritage of mechanical ingenuity and systemic synergy,
and Yugantar, denoting an epochal shift, together underscore the nation’s transition from
technology adaptation to global leadership in deep-tech and R&D.
India’s Maternal Mortality Ratio (MMR) Declines: A Step Toward Improved Maternal Health
• India has made significant progress in improving maternal health, as seen in the
latest Maternal Mortality Ratio (MMR) statistics.
• According to data released by the Office of the Registrar General and Census
Commissioner of India, the MMR has declined to 93 per 1 lakh live births during 2019-21,
down from 97 in 2018-20 and 103 in 2017-19.
• This decline reflects the combined efforts of government policies, healthcare improvements,
and increased awareness of maternal health services.
• The Maternal Mortality Ratio (MMR) is a key indicator of a country’s reproductive health,
calculated as the number of maternal deaths per 100,000 live births in a given period.
• According to the World Health Organization (WHO), maternal death refers to the death of a
woman during pregnancy or within 42 days after pregnancy termination due to causes related
to or aggravated by pregnancy or its management.
GeM Marks 8th Anniversary with Focus on Inclusive and Transparent Procurement
• The Government e-Marketplace (GeM), India’s digital public procurement portal, celebrated
its 8th Incorporation Day on May 19, 2025.
• Launched in 2016, GeM has played a pivotal role in transforming government procurement by
making it more inclusive, transparent, and efficient.
• Empowerment of Enterprises and Artisans: Over 10 lakh Micro and Small Enterprises
(MSEs) have been onboarded, along with 1.84 lakh women entrepreneurs and 1.3 lakh
artisans and weavers, reflecting GeM’s inclusive procurement approach.
• Introduction of GeMAI – AI Chatbot:GeM launched GeMAI, India’s first Generative AI-
powered chatbot for public sector services. It supports voice and text in 10 Indian languages,
improving accessibility and user experience.

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 Important Monthly Current Affairs Capsule – May 2025

• Adoption Across India:GeM is now adopted by all 36 States/UTs, with mandatory usage in 8
states including Gujarat, Maharashtra, and Assam. It has also been integrated with IFMS in
states like Delhi, Kerala, and West Bengal.
India Recognised by WHO for Eliminating Trachoma as a Public Health Problem
• India achieved a major public health milestone by receiving the WHO Certificate of
Elimination of Trachoma as a public health problem during the 78th World Health Assembly
(WHA) held in Geneva.
• This recognition highlights India’s success in tackling one of the leading causes of preventable
blindness through sustained healthcare interventions and community-level action.
• Trachoma Overview: A neglected tropical disease (NTD) caused by Chlamydia trachomatis,
trachoma spreads through contact with infected eye/nasal secretions or flies and is a major
cause of infectious blindness, especially in areas with poor hygiene.
• Indian Delegation: The country’s delegation to WHA was headed by Punya Salila Srivastava,
Secretary, MoHFW.
78th World Health Assembly:
• Held from May 19 to 27, 2025 in Geneva, Switzerland
• Theme:“One World for Health”
• Teodoro Javier Herbosa from the Philippines was elected as President of the WHA
India Celebrates 125 Years of Solar Research with Kodaikanal Observatory Commemorative
Stamp
• Department of Posts released a commemorative postage stamp to mark 125 years of
the Kodaikanal Solar Observatory.
• The release event was held at the Indian Institute of Astrophysics (IIA), Bengaluru.
Features of the Commemorative Stamp:
• Showcases the twin-domed building of the Kodaikanal Observatory
o Right Dome: Houses a 6-inch telescope (originating from the Madras Observatory,
1850; installed at Kodaikanal in 1900)
o Left Dome: Contains an 8-inch telescope (from 1866; moved to Kodaikanal in 1930)
• Includes a recent H-alpha solar image captured on May 6, 2024
• Depicts the IIA logo and a Butterfly Diagram showing sunspot positions from 1904 to 2020
About Kodaikanal Solar Observatory:
• Established: 1 April 1899
• Location: Tamil Nadu, India
• Affiliation: Indian Institute of Astrophysics (IIA)
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 Important Monthly Current Affairs Capsule – May 2025

India Opens Nuclear Energy Sector to Private Operators with Liability Reform
• The Indian government is set to introduce a landmark reform allowing private companies to
operate nuclear power plants for the first time.
• This move aims to attract private and foreign investments by capping liability in the event of
nuclear accidents, addressing a major concern that has hindered private sector participation.
• Private Sector Participation
o Private firms will be permitted to own and operate nuclear power plants, ending NPCIL’s
exclusive role.
o This aligns India with global nuclear sector practices and supports growing energy needs.
• Liability Reform
o Proposal to limit the financial liability of private operators in case of nuclear accidents.
o Reduces risk concerns for investors and foreign collaborators.
o Possible amendments to the Civil Liability for Nuclear Damage Act, 2010 (CLND
Act) to facilitate these changes.
“Sagar Mein Samman” Policy Launched to Empower Women in India’s Maritime Sector
• Union Minister Shri Sarbananda Sonowal unveiled the Sagar Mein Samman (SMS) initiative
on International Day for Women in Maritime in Mumbai, aiming to build a future-ready,
gender-equitable maritime workforce by boosting women’s participation across all seafaring
and shore-based roles.
• 100% Subsidy Scheme
o Structured roadmap covering planning & strategy, training &
development, R&D, governance & compliance, communications, and community
outreach.
o Aligned with the government’s DEI objectives under Maritime India Vision 2030.
• Empowerment Targets
o 12% female representation in technical maritime roles by 2030.
o Recorded a 739 percent rise in registered women seafarers—from 1,699
(2015) to 14,255 (2024).
o 2,989 women seafarers received financial assistance since 2014; applications rose
from 45 (2014–15) to 732 (2024–25).
President Murmu Invokes Article 143 on Governor’s Assent Powers
• President Droupadi Murmu invoked Article 143 of the Indian Constitution to seek the Supreme
Court’s advisory opinion.

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 Important Monthly Current Affairs Capsule – May 2025

• This move was triggered by an April 8, 2025 Supreme Court judgment which held the Tamil
Nadu Governor’s delay in assenting to Bills as unconstitutional.
• The President referred 14 key constitutional questions concerning the powers of Governors
and the President in dealing with State legislation under Articles 200 and 201.
• The Tamil Nadu government had petitioned against Governor R.N. Ravi for delaying action
on 10 re-passed Bills.
• The Supreme Court, invoking Article 142, declared the Governor’s inaction illegal and
deemed that the Bills had received assent.
Key Constitutional Questions Referred
1. What are the Governor’s constitutional options under Article 200 when a Bill is presented?
2. Is the Governor bound by the aid and advice of the Council of Ministers?
3. Is the Governor’s discretion under Article 200 subject to judicial review?
4. Does Article 361 (immunity for President/Governors) bar judicial review of actions under Article
200?
5. In the absence of a time limit, can courts impose deadlines or direct how Governors exercise
power?
6. Is the President’s discretion under Article 201 justiciable?
7. Can judicial orders prescribe timelines and directions for the President’s actions under
Article 201?
8. Is the President required to consult the SC before assenting to a Bill reserved under Article
201?
9. Can courts intervene in the legislative process before a Bill becomes law?
10. Can the President’s or Governor’s constitutional powers be overridden by courts
using Article 142?
11. Is a State Bill valid law without the Governor’s formal assent?
12. Should such cases be automatically referred to a Constitution Bench under Article 145(3)?
13. Does Article 142 allow issuing directions that contradict substantive constitutional
provisions?
14. Can disputes between the Centre and States be resolved by the SC other than via Article 131
(original suits)?
Amit Shah Inaugurates Upgraded ₹500 Crore Multi-Agency Centre
• Union Home Minister shri Amit Shah unveiled the modernised Multi-Agency Centre
(MAC) in New Delhi.

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 Important Monthly Current Affairs Capsule – May 2025

• Developed at a cost of ₹500 crore under the Intelligence Bureau (IB), the revamped MAC
integrates 28 security and intelligence agencies into an AI-powered, real-time information-
sharing grid to counter terrorism, organised crime, and cyber threats.
Honduras Inaugurates Embassy in New Delhi, Strengthening India–Central America Relations
• The Republic of Honduras officially opened its Embassy in New Delhi, with External Affairs
Minister S. Jaishankar and his Honduran counterpart Eduardo Enrique Reina García presiding
over the ceremony.
• The new diplomatic mission marks a milestone in bilateral ties, paving the way for
enhanced trade, development cooperation, and strategic partnership.
• Solidarity Against Terrorism: Honduras publicly condemned the Pahalgam terror attack, a
gesture appreciated by India’s leadership.
• Diplomatic Milestone: Embassy opening reflects a shared vision since the establishment of
ties on September 28, 1994, and signals India’s outreach to Latin America.
• Bilateral trade at USD 310 million, with India
exporting pharmaceuticals, textiles, automobiles, and machinery.
Shri Amit Shah Inaugurates ₹708 Crore Development Works in Gandhinagar and Highlights ‘
Operation Sindoor’ Success
• Union Home Minister and Minister of Cooperation Shri Amit Shah inaugurated and laid the
foundation stone for various development projects worth ₹708
crore in Gandhinagar alongside a benefit-distribution programme of the Department of Posts.
• In his address, he also celebrated the decisive victory of ‘Operation Sindoor’, India’s retaliatory
strikes following the Pahalgam terror attack.
• Postal Benefit Distribution: Certificates and Kisan Credit Cards (KCC) handed out to postal-
scheme beneficiaries, underscoring commitment to inclusive welfare.
• Terrorism Response History:
o Uri (2016): Surgical strikes as a symbolic response.
o Pulwama (2019): Air strike warning.
o Pahalgam (2025): Prompted Operation Sindoor to destroy terror camps.
• Operation Sindoor Achievements:
o 100 km incursion into Pakistan territory—first since independence.
o Nine terrorist hideouts (Jaish-e-Mohammed and Lashkar-e-Taiba) razed.
o Multiple Pakistani airbases struck (15 locations), neutralising aerial attack capability.
Union Minister Shri Manohar Lal to Attend BRICS Energy Ministers’ Meeting in Brazil

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 Important Monthly Current Affairs Capsule – May 2025

• Hon’ble Union Minister of Power and Housing & Urban Affairs Shri Manohar Lal will represent
India at the BRICS Energy Ministers’ Meeting in Brasília on 19 May 2025, under the
theme “Empowering Global South Cooperation for Inclusive and Sustainable Global
Governance.”
• Discussion Agenda: Energy security, accessibility, affordability, and sustainability among
BRICS nations.
• India’s Showcase:
o 90% increase in power generation capacity over the past decade.
o Global leadership in renewable energy, green hydrogen, and biofuels.
o Innovations in smart grids, energy efficiency, and sustainable development.
Pradhan Mantri Awas Yojana – Urban Coffee Table Book Released in Kohima
• Government of Nagaland released a Coffee Table Book titled “Transforming Lives: A Glance
of Pradhan Mantri Awas Yojana (Urban) Mission in Nagaland”.
• The event aimed to highlight the achievements and impact of the PMAY-U scheme in the
state.
• Date & Venue: at Hotel Vivor, Kohima.
• Released by: Zhaleo Rio, Advisor, Municipal Affairs & Urban Development.
• Chaired by: Kekhrievor Kevichusa, Commissioner & Secretary, MAUD.
About the Coffee Table Book
• Title: Transforming Lives: A Glance of PMAY (Urban) Mission in Nagaland.
• Purpose: To document success stories, community impact, and the progress made
under PMAY-U in urban Nagaland.
About PMAY-U (Pradhan Mantri Awas Yojana – Urban)
• Launched: June 25, 2015.
• Nodal Ministry: Ministry of Housing and Urban Affairs (MoHUA).
• Objective: To ensure “Housing for All” in urban areas by 2022.
Union Minister Lays Foundation for ₹42.4 Crore Integrated Aquapark & Inaugurates Fish Festival
in Tripura
• Union Minister Shri Rajiv Ranjan Singh (MoFAH&D & Panchayati Raj) will inaugurate a one-
day Fish Festival at Agartala and lay the foundation for a ₹42.4 crore Integrated Aquapark in
Kailashahar, Tripura—both under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
• Distribution of Kisan Credit Cards (KCCs) to eligible fishers and fish farmers.
• Recognition of Best Cooperatives, Fish Farmer Producer Organizations (FFPOs),
and fisheries start-ups under PMMSY.
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 Important Monthly Current Affairs Capsule – May 2025

• Integrated hub offering hatcheries, feed mills, cold storage, processing, training,
and marketing.
• Modernizes fish production, processing, and market access in Tripura.
• Tripura’s high per-capita fish consumption (29 kg/year) and PMMSY support of ₹319
crore over the past decade.
• Underlines the state’s role as a front-runner in India’s Blue Revolution.
Indian Railway Finance Corporation approved to raise $1.17 billion through deep-discount bonds
• Indian Railway Finance Corporation (IRFC) has received government approval to raise $1.17
billion through deep-discount bonds.
• Deep-discount bonds are issued at a discount to face value and do not pay regular interest,
similar to zero-coupon bonds.
• IRFC’s board approved raising Rs 60,000 crore in FY26 to support its capital needs, shifting
focus beyond railways to sectors with forward and backward linkages such as ports,
renewables, and tourism.
• Funds will be raised through a mix of instruments across domestic and international
markets, including bonds, bank loans, and external commercial borrowings (ECBs).
• Other PSUs like HUDCO and PFC have also been allowed to raise deep-discount bonds,
gaining popularity among PSUs like Power Grid Corp, REC, SIDBI, NABARD, and IREDA.
About IRFC :
• Founded : 12 December 1986
• Headquarters : New Delhi, India
• Chairman & MD : Manoj Kumar Dubey
Cabinet approves ₹351 crore township project for Wayanad landslide victims
• The Cabinet granted administrative sanction for the Wayanad township project aimed at the
rehabilitation of landslide survivors of July 30, 2024.
• The estimated project cost is ₹351.48 crore, which includes preliminary expenses.
• Approval is subject to technical approval by KIIFCON, a subsidiary of the Kerala
Infrastructure Investment Fund Board (KIIFB).
• Chief Minister Pinarayi Vijayan laid the foundation stone for the township on March 27, 2025,
at the Elstone Tea Estate in Kalpetta municipality.
• Earlier in January 2025, the Cabinet approved the construction of model townships on:
• 58.50 hectares on Elstone Estate
• 48.96 hectares on Nedumpala Estate.

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 Important Monthly Current Affairs Capsule – May 2025

Global Di-Ammonium Phosphate Prices Surge 13% Since April, Could Increase Fertiliser
Subsidy
• The global price of di-ammonium phosphate (DAP) has risen over 13% since April, currently
at $652/tonne.
• DAP is the second most consumed fertiliser in India after urea.
• India meets its DAP demand mainly through imports, so the price rise increases import
costs for companies.
• At the start of 2025, DAP prices were around $550-560/tonne.
• The landed cost of DAP in India is now higher than the combined government subsidy and
retail price.
• Retail prices of phosphatic and potassic (P&K) fertilisers, including DAP, were
decontrolled in 2010 with the introduction of a fixed subsidy regime under the Nutrient Based
Subsidy (NBS) mechanism.
India Launches First Cluster of CCU Testbeds to Decarbonize Cement Industry
• On National Technology Day 2025, the Department of Science and Technology (DST),
Government of India, launched the first-ever cluster of five Carbon Capture and Utilisation
(CCU) testbeds aimed at reducing emissions in the cement sector, a major contributor to
industrial CO₂ emissions.
• This initiative supports India’s Net Zero target by 2070 under a Public-Private Partnership
(PPP) model.
• Sector Focus: The cement industry, identified as a hard-to-abate sector, is the primary target
due to its high carbon output.
• Technology Use: CCU enables capturing CO₂ from industrial processes and converting it into
value-added products.
• Policy Alignment: The initiative aligns with India’s Nationally Determined Contributions
(NDCs) and the commitment to Net Zero emissions by 2070.
• Public-Private Model: Each testbed is jointly developed by academic institutions and cement
companies, fostering academia-industry collaboration.
‘Inclusive India Summit 2025’ Commemorates Global Accessibility Awareness Day
• The Department of Empowerment of Persons with Disabilities (DEPwD) under the Ministry
of Social Justice and Empowerment hosted the Inclusive India Summit 2025 on May 15 at
the India International Centre, New Delhi, in hybrid format to mark Global Accessibility
Awareness Day (GAAD).

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 Important Monthly Current Affairs Capsule – May 2025

• The summit emphasized the importance of digital accessibility and inclusive development for
Divyangjan (persons with disabilities) through collaboration among key stakeholders.
• Organizers: Hosted by DEPwD in partnership with:
o SBI Foundation
o National Association for the Blind (NAB), New Delhi)
o Association of People with Disability (APD)
o Mission Accessibility (Dhananjay Sanjogta Foundation)
India Ranks Among Top Six Patent Filers in 6G Technology
• At the Bharat 6G 2025 conference in New Delhi, Union MoS Dr. Chandra Sekhar
Pemmasani announced that India has secured a place among the top six nations globally for
filing 6G technology patents, underscoring the country’s dedication to next-generation telecom
innovation.
Key Highlights:
• Why in News?
o India’s ranking reflects its rising prowess in cutting-edge telecom research and aligns
with the Bharat 6G Vision to lead global 6G by 2030.
• Event Details:
o Conference: Bharat 6G 2025 – 3rd International Conference & Exhibition
o Date & Venue: May 14, 2025, New Delhi
o Speaker: Dr. Chandra Sekhar Pemmasani, Union MoS for Communications & Rural
Development
• Bharat 6G Vision:
o Aim: Establish India as a global 6G leader by 2030 via the Bharat 6G Alliance.
o Goals: Achieve terabit-level speeds, sub-millisecond latency, self-healing intelligent
networks, and seamless volumetric connectivity (from underwater to aerospace).
Union Cabinet Approves Sixth Semiconductor Unit under India Semiconductor Mission
• The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the
establishment of a sixth semiconductor fabrication unit—a joint venture between HCL and
Foxconn—near Jewar airport in the YEIDA region.
• This plant, with an investment of ₹3,700 crore, will produce display driver chips for mobile
phones, laptops, automobiles, PCs, and other display-equipped devices.
• Unit Capacity: Designed for 20,000 wafers per month, yielding 36 million units monthly.
• Strategic Partners:
o HCL: Established Indian hardware developer and manufacturer.
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 Important Monthly Current Affairs Capsule – May 2025

o Foxconn: Global leader in electronics manufacturing.

• Location: Near Jewar airport, within the Yamuna Expressway Industrial Development
Authority (YEIDA).
ReNew Power to Build India’s Largest Renewable Energy Complex in Andhra Pradesh
• ReNew Power announced a ₹22,000 crore investment to develop the country’s largest single-
site Renewable Energy (RE) complex at Bethapalle village, Anantapur district, Andhra
Pradesh.
• The project will be inaugurated on May 16, 2025, marking a significant step in India’s clean
energy transition.
• This major investment boosts India’s renewable energy ambitions and signals renewed investor
confidence in Andhra Pradesh after the introduction of the Integrated Clean Energy Policy
(ICEP) in October 2024.
• The project underscores Andhra Pradesh’s role in India’s clean energy future.
India Launches Its First 3nm Semiconductor Design Hubs at Noida and Bengaluru
• Union Minister Ashwini Vaishnaw inaugurated India’s inaugural 3nm chip design centres,
established by Renesas Electronics India, marking a pivotal advance in the country’s
semiconductor journey.
• The facilities, located in Noida and Bengaluru, bolster India’s push for self-reliance and position
it on the global stage for cutting-edge chip design under the Aatmanirbhar Bharat
• First 3nm Design Centres: Noida and Bengaluru hubs are the first in India to work at the 3nm
process node, a leap from previous 5nm and 7nm capabilities.
• Renesas Partnership: Rolled out by Renesas Electronics India, a global leader in embedded
semiconductor solutions.
India Fixes 23rd September as Ayurveda Day for Global Consistency
• The Indian government has officially designated 23rd September as Ayurveda Day, moving
away from its previous celebration linked to Dhanteras.
• This shift aims to provide a consistent date for global observances, enhancing
the visibility and recognition of Ayurveda on the international stage.
• New Fixed Date: The government’s decision, formalized by the Ministry of Ayush,
establishes 23rd September as the annual Ayurveda Day, replacing the
fluctuating Dhanteras date.
• Symbolic Significance: The date coincides with the autumnal equinox, symbolizing balance
in nature, which aligns with Ayurveda’s core principles of holistic health and harmony between
mind, body, and spirit.
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 Important Monthly Current Affairs Capsule – May 2025

• Why 23rd September?

o Symbolizes cosmic equilibrium, echoing Ayurveda’s focus on balance.
o The autumnal equinox marks a day of equal day and night, symbolizing harmony.
o Ensures logistical ease for organizing global Ayurveda celebrations.
India Honored as ‘Country Champion’ at World Bank Land Conference 2025
• India was recognized as a Country Champion at the 2025 World Bank Land Conference for
its groundbreaking work in digital land governance.
• Programs like SVAMITVA and Gram Manchitra have earned international praise for their
effectiveness in improving land ownership clarity and empowering rural communities through
innovative technology.
• SVAMITVA (Survey of Villages Abadi and Mapping with Improvised Technology in Village
Areas):
o Objective: Establish clear ownership of residential property in rural areas.
o Method: Drone-based land parcel mapping.
o Achievements:
▪ 68,000 sq. km surveyed.
▪ ₹1.16 trillion worth of land monetized.
▪ Scalable model for land rights formalization and financial inclusion.
• Gram Manchitra Platform:
o A GIS-based platform for village-level development planning.
o Supports data-driven, climate-resilient development and helps in integrating
schemes at the local level.
o Particularly beneficial for the Global South, as it adapts to local governance systems.
Cabinet Approves ₹3,706 Crore HCL-Foxconn Chip Plant in Jewar
• The Union Cabinet has approved a ₹3,706 crore joint venture between HCL and Foxconn to
establish a semiconductor assembly and packaging plant in Jewar, Uttar Pradesh.
• This initiative is part of India’s Semiconductor Mission and will play a crucial role in advancing
India’s self-reliance in chip manufacturing.
• The plant is set to begin operations in 2027 and aims to meet a significant portion of India’s local
semiconductor demand.
Centre Allocates 2.8 Million Tonnes MoreFood Corporation of India(FCI) Rice for Ethanol
• To strengthen its clean energy agenda, the Indian government has approved an additional
allocation of 2.8 million tonnes of Food Corporation of India (FCI) rice for ethanol
production during the 2024–25 ethanol supply year.
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 Important Monthly Current Affairs Capsule – May 2025

• This brings the total rice allocation under the Ethanol Blended Petrol (EBP) scheme to 5.2
million tonnes.
• Union Ministry of Consumer Affairs, Food and Public Distribution approved the allocation of 2.8
million tonnes of FCI rice for ethanol production.
• This move supports India’s strategy to boost ethanol output under the EBP programme and
achieve its target of 20% ethanol blending by 2025–26.
• However, the decision has raised concerns about food security, especially during times of
inflation and nutritional stress.
India Set to Become World’s Leading Potato Producer by 2050
• India is projected to overtake China and become the largest potato producer globally by
2050, with production expected to reach 100 million tonnes annually.
• This growth is being attributed to scientific innovation, government-backed reforms, and
a long-standing partnership with the International Potato Center (CIP).
Centre Launches e-Zero FIR to Fast-Track Cybercrime Cases
• The Ministry of Home Affairs (MHA) has launched a new tech-based initiative called e-Zero
FIR to strengthen India’s cybercrime response system.
• Announced by Union Home Minister Amit Shah the project has been introduced as a pilot
in Delhi and is designed to automatically convert high-value cyber financial fraud
complaints into Zero FIRs, enabling quicker investigations.
Centre Launches Special Apprenticeship Scheme for Northeast Youth
• The Ministry of Skill Development and Entrepreneurship (MSDE) has introduced a pilot
apprenticeship scheme to enhance employment-linked skill training for youth in the
northeastern region.
• Launched in Aizawl in partnership with the Mizoram government, the scheme provides
an additional ₹1,500 monthly stipend on top of the existing National Apprenticeship
Promotion Scheme (NAPS) allowances, benefiting 26,000 youth over a 12-month
• The program focuses on overcoming mobility barriers, promoting female participation, and
aligning regional talent with industry demands.
FSSAI Directs Crackdown on Illegal Fruit Ripening Practices
• The Food Safety and Standards Authority of India (FSSAI) has instructed all states and
Union Territories to launch special enforcement drives against the use of banned ripening
agents—particularly calcium carbide—in fruits such as mangoes, aiming to protect public
health during peak season.

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 Important Monthly Current Affairs Capsule – May 2025

India Reaffirms Global Health Commitment at the 78th World Health Assembly
• India participated in the 78th World Health Assembly (WHA) in Geneva, where it reiterated
its commitment to global health equity, universal health coverage, and pandemic
preparedness.
• Union Health Secretary Punya Salila Srivastava represented India and highlighted key
national health initiatives and India’s role in supporting developing countries.
Prime Minister Narendra Modi Inaugurates 103 Redeveloped Amrit Stations Under ₹1,100 Crore
Plan
• Prime MinisterNarendra Modi inaugurated 103 redeveloped Amrit Stations across 86
districts in 18 states, marking a major milestone under the Amrit Bharat Station Scheme.
• Executed at a cost of over ₹1,100 crore, these modernized stations aim to
enhance passenger comfort, connectivity, and regional cultural representation, as part of
a broader effort to upgrade 1,300+ railway stations
India Assumes Chairmanship of Asian Productivity Organization (APO) at 67th Governing Body
Meeting in Jakarta
• India takes over Chairmanship of APO for the 2025–26 term during the 67th Session of
the APO Governing Body Meeting (GBM).
• Indian delegation led by Shri Amardeep Singh Bhatia, IAS, Secretary of Department for
Promotion of Industry and Internal Trade (DPIIT) and APO Director for India.
• APO is a Tokyo-based intergovernmental organization established in 1961 to promote
productivity enhancement across Asia-Pacific.

Prime Minister Shri Narendra Modi Inaugurates and Lays Foundation Stone for ₹26,000 Crore
Projects in Bikaner
• Prime MinisterShri Narendra Modi inaugurated, laid foundation stones, and dedicated
multiple development projects worth ₹26,000 crore in Bikaner, Rajasthan, boosting
infrastructure across roads, railways, power, health, water, and industry.
• Scale of Investment:₹26,000 crore dedicated to projects in 86 districts of 18 states/UTs, with
significant local and online participation.
• Railway Modernization: Inaugurated 103 Amrit Stations; electrification foundations laid
for 999 km of track—including Suratgarh–Phalodi (336 km) and Udaipur–Himmatnagar
(210 km); flagged off the Bikaner–Mumbai Express.

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 Important Monthly Current Affairs Capsule – May 2025

India to Integrate Mission LiFE with National Action Plan on Climate Change (NAPCC)
• The Government of India is planning to merge Mission LiFE (Lifestyle for
Environment) with the National Action Plan on Climate Change (NAPCC).
• This strategic move aims to scale up climate action by promoting sustainable lifestyles,
enhancing citizen participation, and embedding behavioural change within India’s climate
policy framework.
Depot Darpan & Anna Platforms to Revolutionize Public Distribution System (PDS)
• Union Food and Consumer Affairs Minister Shri Pralhad Joshi launched three key digital
platforms—Depot Darpan, Anna Mitra, and Anna Sahayata—to enhance transparency,
efficiency, and real-time grievance redressal in the Public Distribution System (PDS),
impacting over 81 crore beneficiaries under NFSA and PMGKAY.
CERT-In SAMVAAD 2025 Inaugurated to Strengthen India’s Cybersecurity Audit Ecosystem
• The three-day national conference CERT-In SAMVAAD 2025, organized by CERT-In in
collaboration with SkillsDA, was inaugurated, at Mahabalipuram, Tamil Nadu.
• The event, attended by over 300 representatives from empanelled information security
auditing organizations, regulators, and key stakeholders, aims to enhance audit
quality, foster innovation, and build capacity in cybersecurity auditing.

Central Marine Fisheries Research Institute to Host MECOS-4 International Symposium on

Marine Ecosystems in Kochi
• The Central Marine Fisheries Research Institute (CMFRI) will host the 4th International
Symposium on Marine Ecosystems: Challenges and Opportunities (MECOS-
4) from November 4 to 6, 2025, in Kochi.
• The event is organized jointly with the Marine Biological Association of India (MBAI).
ECI Introduces Mobile Deposit Facility and Rationalises Canvassing Norms
• The Election Commission of India (ECI) has implemented two major poll-day reforms—
a Mobile Deposit Facility outside polling stations and the rationalisation of canvassing
boundaries—to streamline procedures, protect voting secrecy, and enhance voter
convenience.
Fisheries Secretaries Conference 2025 Emphasizes Technology and Policy Reform in
Aquaculture
• Ministry of Fisheries, Animal Husbandry & Dairying convened the Fisheries Secretaries
Conference 2025 and a National Workshop on Technology in Aquaculture in New Delhi.

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 Important Monthly Current Affairs Capsule – May 2025

• Chaired by Abhilaksh Likhi, Secretary (Fisheries), MoFAH&D, the event reviewed progress
under flagship schemes and explored drone-based fish transport, satellite monitoring,
and digital platforms to modernize India’s fisheries sector.
Prime Minister Narendra ModiChairs 10th NITI Aayog Governing Council Meeting: Focus on
Viksit Bharat@2047
• Prime Minister Narendra Modi chaired the 10th Governing Council Meeting of NITI
Aayog at Bharat Mandapam, New Delhi.
• The meeting revolved around the theme “Viksit Rajya for Viksit Bharat@2047”,
underscoring the role of states as primary drivers in India’s vision to become a fully
developed nation by 2047—the centenary of India’s independence.
• The meeting strategically aligned state initiatives with the national vision of Viksit
Bharat@2047.
Ministry of Environment, Forest and Climate Change Announces Top 21 Sustainable Ideas Under
‘Ideas4LiFE’ Initiative
• The Ministry of Environment, Forest and Climate Change (MoEFCC) has declared the 21
winning entries under its ‘Ideas4LiFE’ campaign, a part of Mission LiFE (Lifestyle for
Environment).
• The winners were chosen from a total of 1384 submissions, aimed at promoting eco-friendly
habits and sustainable living across India.
• The results were announced by Union Environment Minister Bhupender Yadav.
Prime Minister Narendra Modi Inaugurates Rising North East Investors Summit 2025 to Boost
Regional Growth
• Prime Minister Narendra Modi inaugurated the Rising North East Investors Summit
2025 at Bharat Mandapam, New Delhi, aiming to accelerate inclusive development in
the North Eastern states.
• The two-day summit serves as a key initiative to attract investments across vital sectors and
strengthen the region’s role in India’s economic roadmap.
Wings India 2026 to Be Held in Hyderabad from January 28–31
• The Ministry of Civil Aviation, Government of India under the leadership of Hon’ble Minister
Sh. Ram Mohan Naidu organized a curtain raiser event for Wings India 2026, Asia’s
largest civil aviation event in New Delhi in collaboration with the Federation of Indian
Chambers of Commerce & Industry (FICCI).
• Hon’ble Minister of state for civil aviation, Sh. Murlidhar Mohol; Secretary Civil Aviation, Sh.
Samir Kumar Sinha; Chairman Airport Authority of India, Sh. Vipin Kumar; DG BCAS, Sh.
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 Important Monthly Current Affairs Capsule – May 2025

Rajesh Nirwan; Chairman FICCI Civil Aviation Committee, Mr. Remi Maillard; Director General
FICCI, Ms. Jyoti Vij graced the occasion.

India to Participate in BRICS Culture Ministers’ Meeting 2025 in Brasília

• India will be represented by Union Minister Shri Gajendra Singh Shekhawat at
the BRICS Culture Ministers’ Meeting, in Brasília, Brazil.
• The gathering of culture heads from Brazil, Russia, India, China, and South Africa aims to
deepen cultural cooperation and launch joint initiatives.
Ayushman Vay Vandana Yojana: ₹5 Lakh Annual Health Cover for Senior Citizens
• The Ayushman Vay Vandana Yojana (AVVY), launched in October 2024, provides every
Indian citizen aged 70 and above with a cashless health insurance cover of up to ₹5
lakh per year.
• The Ayushman Vay Vandana Card (AVVC) entitles beneficiaries to free treatment at 30,000
+ empanelled hospitals, including 13,000 + private facilities, across 1,961 procedures in 27
specialties.
Joint National Mountaineering Team Conquers Mount Everest in Historic Feat
• A combined expedition of instructors from JIM&WS, NIM, and HMI successfully
summited Mount Everest (8,848.86 m), demonstrating institutional synergy, endurance,
and leadership in high-altitude mountaineering.
Railway Ministry Approves New Agartala–Guwahati Train to Boost Northeast Connectivity
• The Ministry of Railways has approved a new train service between Agartala
(Tripura) and Guwahati (Assam), as announced by MP Biplab Kumar Deb.
• This development aligns with the Centre’s ongoing focus on strengthening infrastructure in
the Northeast region.
India Strengthens Polar & Ocean Research with Sagar Bhavan and Polar Bhavan at NCPOR, Goa
• Union Minister Jitendra Singh inaugurated two advanced research facilities—Polar
Bhavan and Sagar Bhavan—at the National Centre for Polar and Ocean Research
(NCPOR) in Goa during its Silver Jubilee celebrations.
• These hubs significantly upgrade India’s capacity for climate science, ocean geopolitics,
and polar exploration, supporting goals under the Blue Economy and Viksit Bharat@2047

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 Important Monthly Current Affairs Capsule – May 2025

India Unveils Bharat Forecasting System (BFS) with World’s Highest-Resolution Weather
Forecasts
• The Government of India launched the Bharat Forecasting System (BFS), developed
by IITM Pune and powered by the Arka supercomputer, delivering ultra-localized
forecasts at a 6 km × 6 km grid resolution—the finest in the world.
PM e-Drive Scheme: Electric Bus Rollout Accelerates in Major Indian Cities
• Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, chaired a key meeting to
expedite the deployment of electric buses under the PM e-Drive Scheme—
a transformative initiative aimed at modernizing urban public transport and reducing
carbon emissions in India.

Govt Extends Remission of Duties and Taxes on Exported Products Benefits to Export Oriented
Units, Advance Authorisation Holders, and Special Economic Zones Units
• The government has extended the benefits of the RoDTEP (Remission of Duties and
Taxes on Exported Products) scheme to Export Oriented Units (EOUs), Advance
Authorisation (AA) holders, and units in Special Economic Zones (SEZs).
• According to a DGFT notification, the benefits will be applicable from June 2025.
• These exporter categories were excluded from the scheme after RoDTEP benefits lapsed on
December 31, resulting in a 6-month gap.
• Exporters had been demanding the restoration of the scheme amid global trade
uncertainties influenced by factors such as the US Presidential Election and trade policies
under the Trump administration.
Aizawl Becomes Fourth Northeast Capital Linked to Rail Network After Successful Trial Run
• Aizawl, the capital of Mizoram, is now connected to the national railway network via
the Bairabi–Sairang line.
• Bairabi (in Kolasib district) was previously the only railhead in Mizoram; Sairang is a
satellite town about 20 km from Aizawl.
• The formal inauguration of the Bairabi–Sairang line is expected after June 17, following
inspection by the Commission of Railway Safety (CRS).
Indian Prime Minister Shri Narendra Modi Inaugurates First 9,000 HP D9 Locomotive Built in
Dahod, Gujarat
• Prime Minister Narendra Modi inaugurated the first 9,000 horsepower
locomotive called D9, manufactured at the rolling stock workshop facility in Dahod,
Gujarat.
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 Important Monthly Current Affairs Capsule – May 2025

• The D9 locomotive is the second-most powerful locomotive of Indian Railways, after

the 12,000-horsepower WAG-12B.
• Dahod, once among the 100 backward districts in India, is now recognized globally
for locomotive manufacturing.
Government to Procure 0.6 Million Tonnes of Tur, Highest Since FY20
• The government is likely to procure about 0.6 million tonne (MT) of tur in the
ongoing 2024-25 kharif season at Minimum Support Price (MSP) – the highest since
2019-20.
• The procurement aims to build buffer stocks for market intervention during the festive
season, to stabilize retail prices.
India Launches Development of E-Hansa Next-Generation Electric Trainer Aircraft
• India has initiated the development of E-Hansa, a two-seater electric trainer
aircraft designed and built by CSIR-NAL, Bengaluru, marking a significant advance in green
aviation and indigenous aerospace innovation.
• Announced by Dr. Jitendra Singh, this aircraft will cost around ₹2 crore—50% cheaper than
imported trainers—and supports India’s goals of carbon reduction and self-reliance.
Panchayat Advancement Index 2.0 Launched to Strengthen Data-Driven Rural Governance
• The Ministry of Panchayati Raj officially rolled out the Panchayat Advancement Index
(PAI) 2.0 for FY 2023–24 during a National Writeshop held on 26–27 May 2025 at
the Ambedkar International Centre, New Delhi.
• This upgraded framework empowers Gram Panchayats with streamlined indicators,
enhanced data integration, and decision-support tools aligned to Localized Sustainable
Development Goals (LSDGs).
Union Minister Shri Jyotiraditya M. Scindia Unveils the Theme for 9th Edition of India Mobile
Congress 2025: ‘Innovate to Transform’
• Shri Jyotiraditya M. Scindia, Minister for Communications and Development of North East
Region, announced “Innovate to Transform” as the theme for the 9th India Mobile
Congress (IMC 2025), scheduled from 8 –11 October 2025 at Yashobhoomi Convention
Centre, New Delhi.
• The theme underscores the pivotal role of innovation in driving transformative change
across telecommunications, digital infrastructure, and sustainability, inviting industry leaders,
startups, and technologists to co-create solutions for India’s next phase of inclusive digital
growth.

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 Important Monthly Current Affairs Capsule – May 2025

Cabinet Approves Hike in MSP for 14 Kharif Crops for 2025-26

• The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra
Modi has approved the increase in Minimum Support Prices (MSP) for 14 Kharif crops for
the Marketing Season 2025–26 to ensure remunerative prices for farmers.
Cabinet Approves Two Multitracking Projects to Enhance Rail Capacity in Maharashtra and
Madhya Pradesh
• The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra
Modi, has approved two major multitracking projects under the PM-Gati Shakti National
Master Plan.
• These initiatives will seamlessly increase line capacity, speeding up passenger and freight
movement, reducing logistics costs, cutting oil imports, and lowering CO₂
• The two projects covering four Districts across the states of Maharashtra, and Madhya
Pradesh, will increase the existing network of Indian Railways by about 176 Kms.
Union Cabinet Approves Continuation of Modified Interest Subvention Scheme (MISS) for FY
2025–26
• The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the
continuation of the Interest Subvention (IS) component under the Modified Interest
Subvention Scheme (MISS) for the financial year 2025–26, along with necessary fund
arrangements.
• The scheme plays a crucial role in providing affordable short-term agricultural credit to
farmers through Kisan Credit Cards (KCC).
Shantanu Thakur Unveils Key Infrastructure and Seafarer Welfare Projects at Deendayal Port,
Kandla
• Shri Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, inaugurated and
laid foundation stones for multiple transformative projects at Deendayal Port Authority
(DPA), Kandla, under the Maritime India Vision 2030 and the Amrit Kaal Maritime
Roadmap (2047).
• These initiatives aim to modernize port operations, enhance multimodal connectivity, and
prioritize seafarer welfare in line with Viksit Bharat @2047.
Prime Minister Shri Narendra Modi Unveils ₹47,600 Crore of Development Projects in Kanpur
• Prime Minister Shri Narendra Modi laid the foundation stone and inaugurated projects worth
approximately ₹47,600 crore in Kanpur, Uttar Pradesh, emphasizing infrastructure
expansion, industrial growth, and seafarer welfare under the Make in
India and Atmanirbhar Bharat initiatives.
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 Important Monthly Current Affairs Capsule – May 2025

Prime Minister Narendra Modi Unveils ₹48,520 Crore of Development Projects in Karakat, Bihar
• Prime Minister Narendra Modi laid the foundation stone and dedicated multiple projects
worth over ₹48,520 crore in Karakat, Bihar.
• These initiatives span energy, infrastructure, connectivity, and social welfare, reinforcing
Bihar’s development trajectory.
Viksit Krishi Sankalp Abhiyan (VKSA-2025) Launched in Bhubaneswar
• The Union Minister of Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan,
inaugurated the Viksit Krishi Sankalp Abhiyan (VKSA-2025) at ICAR-CIFA,
Kausalyaganga, Bhubaneswar, marking a decisive step towards self-reliant and
sustainable agriculture and fisheries in line with PM Modi’s vision.

INTERNATIONAL NEWS
Indian Prime Minister Shri Narendra Modi to Miss Moscow WW2 Victory Day Celebrations;
Rajnath Singh to Represent India
• Prime Minister Narendra Modi will not attend Russia’s Victory Day
celebrations scheduled for May 9, 2025, in Moscow, Russia.
• Possible Reason: While the Russian officials did not specify the reason for Modi’s absence,
reports suggest that it might be due to the security situation after the terrorist attack in
Pahalgam, Jammu and Kashmir.
About Russia :
• President : Vladimir Putin
• Prime minister: Mikhail Mishustin
• Capital: Moscow
• Currency: Russian Ruble
Australia Unveils World’s Largest Electric-Powered Ferry Ship
• Australian boatbuilder Incat launched the world’s largest electric-powered ship on May
2, 2025, a 130-metre (426-feet) aluminium catamaran named Hull 096.
• The ship is designed to carry 2,100 passengers and up to 225 vehicles across the River
Plate between Buenos Aires and Uruguay for South American ferry operator Buquebus.
• Hull 096 is powered by over 250 tonnes of batteries and features an Energy Storage
System (ESS) built by Wartsila, providing more than 40 megawatt hours of installed
capacity, connected to eight electric-driven waterjets.
• The boat was originally planned to run on liquefied natural gas (LNG) but was reconfigured
to battery power.
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 Important Monthly Current Affairs Capsule – May 2025

• Shipping accounts for nearly 3% of global greenhouse gas emissions, according to

the International Maritime Organization (IMO), which has voted for a global pricing
system to help curb maritime carbon emissions.
• The IMO requires ships to use a less carbon-intensive fuel mix by 2028 or face financial
penalties.
About Australia :
• Prime Minister :Anthony Albanese
• Capital :Canberra
• Currency :Australian dollar
India and Angola to Strengthen Energy Partnership, with India Sharing Expertise in Digital
Infrastructure, Space Tech, and Capacity Building
• India and Angola have decided to expand their energy partnership, with India offering to
share its expertise in digital public infrastructure, space technology, and capacity
building with Angola.
About Angola :
• President :João Lourenço
• Capital: Luanda
• Currency : kwanza
Maldives Announces $8.8 Billion Financial Free Zone in Malé to Emerge as Indian Ocean
Business Hub by 2030
• Maldives has announced plans to build an $8.8 billion Maldives International Financial
Centre (MIFC) in Malé, in collaboration with Qatari-owned MBS Global Investments.
• The MIFC is set to be completed by 2030 and will be a sustainable Financial Freezone.
• The Centre aims to attract global financial institutions, fintech firms, and digital nomads.
About Maldives :
• President : Mohamed Muizzu
• Capital : Malé
• Currency : Maldivian rufiyaa

Vietnam Introduces Renewable 10-Year Golden Visa to Draw Indian Investors and Tourists
• Vietnam has announced a renewable 10-year Golden Visa scheme aimed at long-term
residency for foreign investors, skilled professionals, and tourists—particularly from India—to
bolster its transformation into a regional business and innovation hub.
Kozhikode Joins WHO’s Global Age-Friendly Cities Network
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 Important Monthly Current Affairs Capsule – May 2025

• Kozhikode has officially been inducted into the WHO Global Network of Age-friendly
Cities and Communities (GNAFCC).
• This recognition highlights the city’s commitment to creating a supportive and inclusive
environment for its elderly population through sustainable policies and accessible
infrastructure.
About GNAFCC:
• Established: 2010 by WHO
• Global Reach: Includes cities from over 50 countries, aiming to connect and promote age-
friendly practices worldwide.
• Focus: Encouraging policy innovation, elder participation in governance, and fostering cross-
sectoral collaboration.
About Kozhikode:
• Location: Kerala, India
• Historical Significance: Known as Calicut, it is a major port city on the Malabar Coast, with a
legacy of social development and strong health indicators.
• Governance: Kozhikode Municipal Corporation

India and United Kingdom Announce Successful Conclusion of Free Trade Agreement (FTA) by
Prime Ministers Narendra Modi and Keir Starmer
• Hon’ble Prime Minister of India, Shri Narendra Modi, and Hon’ble Prime Minister of the
United Kingdom (UK), Sir Keir Starmer, announced the successful conclusion of
the India-UK Free Trade Agreement (FTA).
• This FTA aligns with India’s vision of Viksit Bharat 2047 and complements the growth
aspirations of both nations.
• The engagement follows discussions between the two Prime Ministers at the G-20 Summit in
Rio de Janeiro, Brazil, in November 2024.
About UK :
• Capital : London
• Currency : Pound sterling

India & European Union to Begin Next Round of Free Trade Agreement Talks on May 12, 2025
• India and the European Union (EU) will begin the next round of Free Trade Agreement
(FTA) talks on May 12, 2025, with the goal of concluding the first phase of the pact as soon as
possible.
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 Important Monthly Current Affairs Capsule – May 2025

What is a Free Trade Agreement?

• A Free Trade Agreement (FTA) is a treaty between two or more countries that aims to
reduce or eliminate trade barriers, such as tariffs and quotas, to facilitate trade and
investment between member countries.
• United States (US) President Donald Trump plans to announce during a visit to Saudi
Arabia that the United States will refer to the Persian Gulf as the “Arabian Gulf” or “Gulf of
Arabia”.
• This decision aligns with the preferences of Arab nations, especially Saudi Arabia and
the UAE, and is part of broader shifts in US foreign and domestic policy.
• The Persian Gulf has been historically known by that name since the 16th century, but
many Middle Eastern countries refer to it as the “Arabian Gulf”.
About Saudi Arabia :
• Capital :Riyadh
• Currency :Saudi riyal
United States-China Trade Negotiations End with Positive Agreement in Geneva

• The United States and China reached a preliminary trade agreement after two days
of high-level negotiations in Geneva.
• The agreement comes amid escalating global trade tensions and a prolonged trade
dispute between the two countries.
About United States :
• President :Donald Trump
• Capital :Washington, D.C
• Currency : U.S. dollar ($)
About China :
• Capital :Beijing
• Currency :Renminbi
United Kingdom and European Union Agree on Post-Brexit Deal to Strengthen Trade and
Security Cooperation
• Britain (United Kingdom) and the European Union (EU) have agreed on a new
deal to restore closer ties post-Brexit, focusing on trade and security.
• The deal reflects concerns about the US pulling back from European security and
imposing new trade tariffs.

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 Important Monthly Current Affairs Capsule – May 2025

• The agreement supports British Prime Minister Keir Starmer’s goal to “reset” relations with the
EU, nearly nine years after Brexit.
Brexit background:
• The UK voted to leave the EU in the 2016 referendum.
• Officially left on January 31, 2020, with an 11-month transition
• Final post-Brexit trade deal signed in December 2020.
• Overall, as Europe seeks more self-reliance in defence, the UK prefers partnering with
the EU rather than acting alone.
About UK :
• Prime Minister :Keir Starmer
• Capital :London
• Currency :Pound sterling
About EU :
• President of the European Commission : Ursula von der Leyen
• Capital :Brussels
• Currency : Euro
United States remittance tax proposal threatens Indian families and weakens rupee: Global
Trade Research Initiative
• The U.S. The House of Representatives introduced a legislative package called ‘The One Big
Beautiful Bill’ on May 12, 2025, which includes a proposed 5% tax on remittances sent
abroad by non-U.S. citizens.
• The tax targets international money transfers made by non-citizens, including green card
holders and temporary visa workers (e.g., H-1B, H-2A visa holders), but excludes U.S.
citizens.
• India is significantly affected since it received $120 billion in remittances in 2023-24, with
nearly 28% of these coming from the U.S.
• The tax could increase the cost of sending remittances home, potentially causing a 10-15%
drop in flows, leading to a $12-18 billion shortfall annually for India.
• The Reserve Bank of India (RBI) might need to intervene more frequently to stabilize the
rupee, which could weaken by ₹1-1.5 per U.S. dollar.
Iran and Azerbaijan Begin Joint Military Exercises in Nagorno-Karabakh
• Iran and Azerbaijan launched a joint special forces exercise named “Aras-2025” running
from May 18 to May 21, 2025.
• The drill involves Iran’s Islamic Revolutionary Guard Corps (IRGC) and Azerbaijani troops.
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 Important Monthly Current Affairs Capsule – May 2025

• The exercise takes place in Karabakh, a region previously disputed

with Armenia before Azerbaijan regained control in September 2023.
• The drill aims at boosting border security and confronting potential threats.
• The drill follows a rare visit by Iranian President Masoud Pezeshkian to Baku in April 2025,
where he met Azerbaijani President Ilham Aliyev.
• Bilateral ties had been strained due to Azerbaijan’s close security cooperation with Israel and
a deadly 2023 attack on the Azerbaijani embassy in Tehran.
• The embassy was reopened in mid-2024 after the attacker was sentenced to death.
About Iran :
• President :Masoud Pezeshkian
• Capital :Tehran
• Currency :Iranian Rial
About Azerbaijan :
• President :Ilham Aliyev
• Prime Minister :Ali Asadov
• Capital :Baku
• Currency :Manat
Himalayan Yala Glacier in Langtang, Nepal, Officially Declared Dead
• The Yala Glacier in Langtang, Nepal has been officially declared dead, marking a significant
loss in the global climate crisis.
• The declaration took place on May 12, 2025, with a memorial ceremony attended
by scientists, local communities, and monks.
• This is the first glacier in Asia to receive a memorial plaque.
• The Yala Glacier has lost 66% of its mass and retreated 784 meters since the 1970s.
• The memorial plaque features messages in English, Nepali, and Tibetan, authored by Andri
Snaer Magnason and Manjushree Thapa.
• Over 50 people attended the glacier funeral, including representatives from Nepal, India,
China, and Bhutan.
• Yala Glacier is the third glacier worldwide to be memorialized after OK Glacier
(Iceland) and Ayoloco Glacier (Mexico).
India & European Union Collaborate on Innovative Research to Tackle Marine Plastic Litter and
Convert Waste to Hydrogen

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 Important Monthly Current Affairs Capsule – May 2025

• India and the European Union (EU) launched two major research and innovation
initiatives under the India-EU Trade and Technology Council (TTC) established
in 2022 by PM Narendra Modi and European Commission President Ursula von der Leyen.
• The joint investment is approximately ₹391 crore (~€41 million), co-funded by Horizon
Europe (EU’s research framework) and the Government of India.
Focus areas:
1. Marine Plastic Litter (MPL)
2. Waste to Green Hydrogen (W2GH)
• These initiatives aim to address environmental challenges through collaborative
research between Indian and European researchers.
Russia Sentences Prominent Election Monitor Grigory Melkonyants to Five Years in General
Prison Colony
• Russia sentenced Grigory Melkonyants, a high-profile election monitor, to five years in
a general regime prison colony.
• Melkonyants is the co-chair of the Russian vote-monitoring NGO Golos, which documents
alleged election fraud in Russia.
• He was arrested in August 2023 amid a crackdown by the Kremlin on independent
critics and opponents, intensified due to Russia’s military offensive on Ukraine.
• Prosecutors accused Melkonyants of collaborating with the European Network of Election
Monitoring Organizations, an “undesirable organisation” banned in Russia.
• Russia had labelled Golos a “foreign agent”, a term used to target and stigmatize
independent civil society and media.
• Golos disbanded and reformed as a new entity but continues to run an online interactive
map reporting election violations nationwide.
About Russia :
• Prime Minister : Mikhail Mishustin
• Capital : Moscow
• Currency : Ruble
Denmark launches the world’s first commercial-scale e-methanol plant
• The World’s first commercial-scale e-methanol plant has begun operations in Denmark.
• The plant is located in Kasso, southern Denmark, with an estimated investment of €150
million (approximately $167 million).
• The plant will produce 42,000 metric tons (53 million liters) of e-methanol per year.

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 Important Monthly Current Affairs Capsule – May 2025

• Partnership and Ownership: The plant is jointly owned by European Energy (Denmark)
and Mitsui (Japan).
• Maersk’s Role: Maersk, a shipping giant, will buy part of the e-methanol for its fleet
of container ships, using it as a low-emission fuel.
• Zero-Emission Shipping Fuels: The shipping industry is seeking zero-emission fuels like e-
methanol and green ammonia to meet International Maritime Organization’s (IMO) targets
for eliminating carbon emissions by 2050.
• Sustainability and Technology: The e-methanol is produced using renewable
energy and CO2 captured from biogas plants and waste incineration.
About Denmark :
• Prime Minister :Mette Frederiksen
• Capital :Copenhagen
• Currency :Danish krone
Indonesia’s Mount Lewotobi Laki-Laki Erupts, Ash Plume Soars 6 Km Above Summit
• Mount Lewotobi Laki-Laki, located on the tourist island of Flores in eastern
Indonesia, erupted, spewing an ash cloud 1.2 kilometres high.
• The volcano erupted twice — shortly after midnight and again.
• The alert level for the volcano was raised to the highest level in Indonesia’s four-tiered
alert system on Sunday evening.
World Health Assembly approves landmark Pandemic Agreement to enhance global equity and
safety against future pandemics
• The World Health Organization (WHO) Member States formally adopted by consensus the
world’s first WHO Pandemic Agreement during the 78th World Health Assembly in
Geneva.
• The Agreement is the result of more than three years of negotiations launched in response
to the COVID-19 pandemic to make the world safer and ensure a more equitable
response to future pandemics.
• Tedros Adhanom Ghebreyesus, WHO Director-General, called the Agreement a victory for
public health, science, and multilateral action.

India to urge Financial Action Task Force to reinclude Pakistan in grey list during upcoming
review
• India plans to submit a dossier at the upcoming Financial Action Task Force
(FATF) meeting to demand that Pakistan be placed back on the grey list.
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 Important Monthly Current Affairs Capsule – May 2025

• The grey list identifies countries with strategic deficiencies in combating money
laundering and terrorist financing.
Pakistan Upgrading Nuclear Capabilities to Offset India’s Superiority: US Intelligence
• Pakistan regards India as an “existential threat”, while India views China as its “primary
adversary” and Pakistan as an “ancillary security problem”.
• Pakistan focuses on advancing its nuclear arsenal to offset India’s conventional military
superiority.
• Modernisation of Pakistan’s nuclear weapons is a top priority, alongside
ongoing counter-terrorism operations and cross-border skirmishes.

BANKING, FINANCE & BUSINESS

Reserve Bank of India launches 3 surveys for inflation, consumer confidence, policy input
• The Reserve Bank of India (RBI) has launched three major surveys in May 2025 to
gather consumer sentiment ahead of its upcoming monetary policy meeting scheduled
for June 4–6.
• These surveys are conducted regularly and help the central bank make informed policy
decisions based on consumer perception and expectations.
About RBI:
• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Sanjay Malhotra
Reserve Bank of India Mandates Use of Platform for Regulatory Application, Validation and
Authorisation (PRAVAAH) Portal for All Regulatory Applications from May 1, 2025
• The Reserve Bank of India (RBI) has issued a directive requiring all regulated financial
entities to use the PRAVAAH portal for submitting applications related to licences,
authorisations, and approvals starting May 1, 2025.
• This move aims to centralise regulatory communications and bring uniformity across the
financial system.
What is PRAVAAH?
• PRAVAAH stands for Platform for Regulatory Application, Validation and Authorisation.
• It is a secure, web-based digital platform launched by the Reserve Bank of India (RBI).
• Purpose: To enable filing, tracking, and managing of applications for licences,
authorisations, and approvals.

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 Important Monthly Current Affairs Capsule – May 2025

Airtel Payments Bank RuPay ON-THE-GO Card enabled with National Common Mobility
Cards (NCMC)
• Airtel Payments Bank has launched eco-friendly NCMC (National Common Mobility
Cards) enabled debit and pre-paid cards.
• The bank has partnered with National Payments Corporation of India (NPCI) to
offer interoperable cards powered by RuPay.
• This initiative supports India’s One Nation, One Card vision,
emphasizing interoperability across transit and payment systems.
• Two types of cards introduced:
• NCMC-enabled Debit Card for savings account customers
• NCMC-enabled Pre-paid Card for wallet customers
• Both cards are made using eco-friendly e-PVC material, certified for its environmental
sustainability.
• The cards can be used for:
• Payments at all merchant establishments
• Online (e-commerce) and offline NCMC transit transactions (metros, buses, parking, etc.)
About Airtel Payments Bank:
• Headquarters: New Delhi, India
• Managing Director & CEO: Anubrata Biswas
State Bank of India Partners with Land Ports Authority to Provide Banking Services at 26 Land
Ports
• State Bank of India (SBI) signed a Memorandum of Understanding (MoU) with Land
Ports Authority of India (LPAI) to enhance banking services at 26 land ports across India’s
borders with neighboring countries.

About SBI :
• Founded : 1 July 1955
• Headquarters : Mumbai, Maharashtra, India
• Chairman : Challa Sreenivasulu Setty
About LPAI :
• Headquarters: New Delhi
• Chairman: Aditya Mishra
• Parent Ministry: Ministry of Home Affairs, Government of India

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 Important Monthly Current Affairs Capsule – May 2025

• Statutory Status:LPAI is a statutory body created through the Land Ports Authority of India
Act, 2010.
• Came into effect on 1 March 2012.
• Responsibilities:Creation, upgradation, maintenance, and management of border
infrastructure.
• Manages Integrated Check Posts (ICPs) across India’s international borders.
National Payments Corporation of India Issues Guidelines for application programming
interfaces to Minimize Unified Payments Interface Outages
• National Payments Corporation of India (NPCI) issued two circulars giving guidelines
on application programming interfaces (APIs) that aim at reducing outages in the Unified
Payments Interface (UPI).
• One of the two is on reducing the response time for four application programming interfaces
(APIs) whereas the second lists directions to prevent the misuse of APIs associated with real-
time payments.
About NPCI :
• Founded : 19 December 2008
• Headquarters : Mumbai, Maharashtra, India
• MD & CEO : Dilip Asbe
• It is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA)
under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust
payment and settlement infrastructure in India.
Reserve Bank of India Buys 57.5 Tonnes of Gold in FY25, Marking Second-Highest Annual
Purchase in 7 Years
• The Reserve Bank of India (RBI) acquired 57.5 tonnes of gold in FY25, marking its
second-largest annual gold purchase since 2017.
• This increase in gold reserves was driven by global market instability and a 30% rise in gold
prices.
Razorpay Launches India’s First Model Context Protocol Server for Instant AI-Powered Payment
Integration
• Fintech firm Razorpay launched India’s first Model Context Protocol (MCP) server for a
payment gateway, enabling AI-driven systems to integrate directly with payment infrastructure.
• Businesses can now automate payment processes without relying on traditional dashboards
or Application Programming Interfaces (APIs).

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 Important Monthly Current Affairs Capsule – May 2025

BookMyForex Launches USD Global Forex Card with Zero Cross-Currency and ATM Withdrawal
Charges
• BookMyForex has introduced a single-currency Global Forex Card in USD, designed to
facilitate international transactions without cross-currency charges or ATM withdrawal fees.
Asian Development Bank Commits $5 Billion in Loans and Assistance to India for Development
in Healthcare, Education, and Infrastructure
• Asian Development Bank (ADB) committed $5 billion in loans, grants, and assistance to
India in 2024.
• An additional $2.2 billion in co-financing was allocated to support various developmental
sectors.
• ADB’s assistance focuses on key sectors like healthcare, education, and infrastructure.
• A significant $500 million loan was provided to the Maharashtra government to address
pressing healthcare needs.
• A $64 million loan was given to Meghalaya to upgrade infrastructure in 65 secondary schools
and 10 industrial training institutes.
• The project primarily focuses on improving opportunities for disadvantaged youth.
About ADB :
• Formation : 19 December 1966
• Headquarters : Philippines
• President : Masato Kanda
• Membership : 69 countries
Markets regulator Securities and Exchange Board of India Chief Rejects Aptitude Test for Retail
F&O Traders, Cites Strong Existing Safeguards Against Fraud
• Securities and Exchange Board of India (SEBI) Chief Tuhin Kanta Pandey ruled out the
possibility of introducing an aptitude test for retail traders before they can trade in the Futures
& Options (F&O)
• The reasoning behind this decision is based on concerns about practicality and regulatory
overreach.
About SEBI :
• Founded : April 12, 1988
• Headquarters : Mumbai, Maharashtra
• Chairman :Tuhin Kanta Pandey
• Parent Department : Ministry of Finance

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 Important Monthly Current Affairs Capsule – May 2025

Deloitte Projects India’s FY25 GDP Growth at 6.5–6.7% Backed by Tax Incentives and Strong
Domestic Demand
• Deloitte has projected India’s GDP growth at 6.5-6.7% for the current fiscal year (2025),
driven by tax incentives and domestic demand growth, despite an uncertain global trade
environment.
• For FY26, Deloitte estimates India’s GDP growth at 6.3-6.5%.
• The outlook depends on a balance between trade relations and efforts to boost domestic
consumer demand.

Reserve Bank of India Issues Report on Market Timings, Recommends Extension of Call Hours
• A working group of the Reserve Bank of India (RBI), chaired by Radha Shyam Ratho,
reviewed trading and settlement timings and recommended extending call money
market trading hours.
• Objective of Review: The working group reviewed the current market timings in light of
financial developments and feedback from market participants to assess if current timings
support market efficiency and recommend enhancements for operational effectiveness.
What is meant by the call money market?
• The call money market is a segment of the money market where banks and other financial
institutions lend and borrow funds, primarily on an overnight basis, to meet their short-term
liquidity needs.
• These transactions are typically on an unsecured basis, meaning they don’t require collateral.
Reserve Bank of India Proposes Removing Cap on ‘Vostro’ Accounts Investments to Boost
Rupee-Linked Trade
• The Reserve Bank of India (RBI) has sought the government’s approval to remove the
cap on foreign banks using vostro accounts to buy short-term sovereign debt, aiming to
boost rupee-denominated trade.
What is a vostro account?
• Vostro Accounts: These accounts are held by domestic banks on behalf of foreign banks,
allowing trading partners to hold rupee-denominated balances from trade transactions.
Reserve Bank of India Penalizes ICICI, Axis, Bank of Maharashtra, IDBI, and Bank of Baroda for
Regulatory Non-Compliance
Monetary Reason for
Bank Name Regulatory Violations
Penalty Amount Penalty

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 Important Monthly Current Affairs Capsule – May 2025

1. Failure to ensure staff engaged in

Non-compliance insurance corporate agency services
with directions on were not given non-cash incentives
Bank of Financial Services, by insurers.
₹61.40 lakh
Baroda (BoB) Customer Service, 2. Failure to credit interest at
and Interest Rate prescribed intervals in certain
on Deposits. inoperative, dormant, or frozen
savings accounts.

Non-compliance
with the ‘Interest
Subvention
Scheme for Short 1. Charged interest in excess of the
IDBI Bank ₹31.80 lakh Term Loans for applicable rate of interest in certain
Agriculture and Kisan Credit Card (KCC) accounts.
Allied Activities
under Kisan Credit
Card (KCC)’

Non-compliance
1. Did not adhere to regulatory
with directions on
Bank of requirements for deposit accounts
₹31.80 lakh Know Your
Maharashtra opened using Aadhaar OTP-based
Customer (KYC)
e-KYC in non-face-to-face mode.
norms.

1. Failed to report a cyber security

Non-compliance
incident to RBI within the stipulated
with RBI directions
timeline.
on Cyber Security
2. Failed to use robust software to
Framework, KYC,
ICICI Bank ₹97.80 lakh send alerts for certain categories of
and Credit
accounts.
Card/Debit Card
3. Failed to send credit card
Issuance and
bills/statements to certain customers
Conduct.
but levied late payment charges.

Non-compliance 1. Routed unauthorized or unrelated

Axis Bank ₹29.60 lakh
with directions on entries through internal/office

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 Important Monthly Current Affairs Capsule – May 2025

Unauthorized accounts.
Operation of
Internal/Office
Accounts.
S&P Global Ratings Lowers India’s GDP Growth Forecast for FY 2025-26 to 6.3% Due to US Tariff
Policy Uncertainty
• S&P Global Ratings has revised India’s GDP growth projection for FY 2025-26 from 6.5% to
6.3%, citing uncertainty over the US tariff policy and downside risks to the economy.
• Despite the downward revision, S&P projected India’s GDP growth to remain at 6.5% in FY
2026-27.
• S&P noted that downside risks to the growth outlook remain firm, particularly if the global
tariff shock negatively impacts the real economy, and the long-term global economic
configuration is uncertain.
• S&P emphasized that there are no winners in escalating protectionist policies, which can
hurt global growth.
• The US’s trade policy, including tariffs, is expected to slow global growth.
• S&P projected the INR/USD exchange rate to be at 88 by the end of 2025, up from 86.64 in
2024.
• The INR has been experiencing significant fluctuations due to the US tariff announcements,
with the rupee currently around 84 against the dollar.
• S&P expects the US economy to grow at 1.5% in 2025 and 1.7% in 2026, reflecting the
impact of tariff policies on its own economy.
GST Collection Hits Record High of ₹2.37 Lakh Crore in April 2025, Up 12.6% Y-o-Y
• Goods and Services Tax (GST) collection rose 12.6% Y-o-Y to an all-time high of
about ₹2.37 lakh crore in April 2025.
• Previous GST Collections:
• April 2024: GST mop-up was ₹10 lakh crore, the second-highest collection since the GST
regime began on July 1, 2017.
• March 2025: GST collection was ₹96 lakh crore.
• GST Registrations: More than five states (including Uttar
Pradesh, Gujarat, Maharashtra, Karnataka, and Tamil Nadu) now have over 1 million GST
registrations each, out of a total of 15 million registrations across the country.
• E-way Bill Generation:Recorded a growth of 20.2% in March 2025.

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 Important Monthly Current Affairs Capsule – May 2025

India’s Total Exports Rise by 6.01% to Record $824.9 Billion in FY25: RBI Report
• As per the latest data released by the Reserve Bank of India on services trade for March
2025, India’s total exports have touched an all-time high of US$824.9 billion in the financial
year 2024–25.
• This marks a growth of 6.01% over the previous year’s export figure of US$778.1 billion,
setting a new milestone in the country’s trade trajectory.
• Services exports continued to drive the growth momentum, reaching a historic
high of US$387.5 billion in 2024–25, up 13.6% from US$341.1 billion in the previous year.
• For March 2025, services exports stood at US$35.6 billion, reflecting a year-on-year
growth of 18.6% compared to US$30.0 billion in March 2024.
• In 2024–25, merchandise exports excluding petroleum products rose to a
record US$374.1 billion, registering a 6.0% increase from US$352.9 billion in 2023–24 —
the highest ever annual non-petroleum merchandise exports.
About Ministry of Commerce and Industry :
• Cabinet Minister :Piyush Goyal
• Minister of State :Jitin Prasada
India Post Payments Bank Reaffirms Its Support for India’s Labour Force on Labour Day
• India Post Payments Bank (IPPB) emphasized its commitment to the welfare of Shramiks
(labourers) on the occasion of Labour Day (May 01).
• IPPB launched the Antyodaya Shramik Suraksha Yojana (ASSY) for unorganised sector
workers, which is an affordable insurance scheme providing comprehensive coverage
and protection.
• The Antyodaya Shramik Suraksha Yojana (ASSY) was launched by the Hon’ble Chief
Minister of Gujarat on 8th July 2023 at Kheda, Gujarat.
• The fundamental mandate of India Post Payments Bank (IPPB) is to remove barriers for
the unbanked and underbanked populations and ensure services reach the last mile,
leveraging the Postal network comprising approximately:
• 1,65,000 Post Offices (~140,000 in rural areas)
• 3,00,000 Postal employees
• MD & CEO of India Post Payments Bank : Mr. R. Viswesvaran
India Post Joins Forces with SBI Mutual Fund to Simplify KYC Verification for Investors
Nationwide
• Department of Posts (DoP) partners with SBI Funds Management Limited (SBIFM) to
simplify the customer on-boarding process for mutual fund investors.
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 Important Monthly Current Affairs Capsule – May 2025

• The partnership is formalized through a Memorandum of Understanding (MoU) aimed at

leveraging India Post’s extensive network for doorstep KYC verification services for SBI
Mutual Fund investors.
• The collaboration ensures that investors from any location can easily complete the KYC
process through India Post’s vast infrastructure.
• The partnership supports the Government of India’s Jan Nivesh initiative, which aims
to increase financial inclusion and encourage greater participation in India’s capital
markets.
• India Post’s role in facilitating KYC verifications has been proven through successful
collaborations with other mutual fund companies, including UTI Mutual Fund and SUUTI
(Securities and Exchange Board of India’s public fund).
• India Post has handled over 5 lakh KYC verifications in a short period, demonstrating its
capability to manage high-volume operations with precision, security, and efficiency.
About SBI Mutual Fund :
• Founded : 29 June 1987
• Headquarters : Mumbai, Maharashtra
• MD &CEO : Mr. Nand Kishore
• SBIFMPL is a joint venture between the State Bank of India, an Indian public sector bank, and
Amundi, a European asset management company.
Finance Minister Nirmala Sitharaman to Participate in Asian Development Bank’s Annual
Meeting in Milan, Italy, from 4th to 7th May 2025
• Union Minister for Finance & Corporate Affairs Nirmala Sitharaman will lead the Indian
delegation at the 58th Annual Meeting of the Board of Governors of the Asian
Development Bank (ADB) in Milan, Italy, from May 4 to 7, 2025.
• The event will be attended by official delegations from ADB’s Board of Governors, ADB
member countries, and international financial institutions.
• Sitharaman will participate in key events, including:
• Governors’ Business Session
• Governor’s Plenary Session
• Panelist at the ADB Governors’ Seminar on “Cross-Border Collaboration for Future
Resilience”.
• On the sidelines of the meeting, Smt. Sitharaman will hold bilateral meetings with Finance
Ministers of Italy, Japan, and Bhutan.
About Asian Development Bank (ADB):
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 Important Monthly Current Affairs Capsule – May 2025

• Headquarters: Mandaluyong, Metro Manila, Philippines

• Founded: 1966
• President: Masato Kandaassa
• ADB is a leading multilateral development bank supporting inclusive, resilient, and
sustainable growth across Asia and the Pacific.
About Ministry of Finance:
• Cabinet Minister: Smt. Nirmala Sitharaman
• Minister of State (MoS): Shri Pankaj Chaudhary, Dr. Bhagwat Kishanrao Karad
Aditya Birla Capital Digital Introduces Digital Gold Systematic Investment Plan (SIP)for Easy
Systematic Investment
• Aditya Birla Capital Digital Limited (ABCDL) has launched Digital Gold SIP, a systematic
investment plan (SIP) that allows users to invest in digital gold.
• The investment amount starts at ₹50 for weekly SIPs and ₹100 for monthly SIPs.
• The feature is available on the ABCD mobile app.
What is SIP?
• Systematic Investment Plan (SIP)is an investment route offered by Mutual Funds wherein
one can invest a fixed amount in a Mutual Fund scheme at regular intervals– say once a
month or once a quarter, instead of making a lump-sum investment.
• SIPs are primarily used for investing in mutual funds, which pool money from many investors
to invest in a variety of assets like stocks, bonds, and other securities.
Reserve Bank of India Increases Gold Reserves by 58 Metric Tonnes in FY25
• The Reserve Bank of India (RBI) added nearly 58 tonnes of gold in the financial year 2024-
25 (FY25), bringing its total gold reserves to 879.59 tonnes.
• Increase in Gold Share: The share of gold in India’s total foreign exchange
reserves increased to 11.70% by the end of March 2025, up from 9.32% at the end
of September 2024.
• Foreign Exchange Reserves: As of April 25, 2025, India’s foreign exchange
reserves stood at $688 billion.
India’s First Mortgage-Backed Pass-Through Certificates Listed on the National Stock
Exchange
• Shri M. Nagaraju, Secretary of the Department of Financial Services, Ministry of Finance,
listed India’s first Mortgage-Backed Pass-Through Certificates (PTC) on the National
Stock Exchange (NSE) on 5th May 2025.
What is a pass-through certificate?
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 Important Monthly Current Affairs Capsule – May 2025

• A Pass Through Certificate (PTC) is a form of securitized debt instrument in which

investors receive a portion of the cash flows—such as principal and interest payments—
generated from a pool of underlying assets like loans.
About Ministry of Finance:
• Cabinet Minister: Smt. Nirmala Sitharaman
• Minister of State (MoS): Shri Pankaj Chaudhary, Dr. Bhagwat Kishanrao Karad
Moody’s Lowers India’s 2025 GDP Growth Projection to 6.3%
• Moody’s has revised India’s 2025 GDP growth forecast down to 6.3% from 6.6%.
• The downward revision is attributed to policy shifts and trade uncertainties, particularly
tensions between major economies like the US and China.
• Geopolitical risks, especially tensions with Pakistan, pose additional downside risks to
India’s economic outlook.
About Moody:
• Founded: 1909 by John Moody
• Headquarters: 7 World Trade Center, New York City, USA
• Operations: Moody’s Ratings (Credit Ratings), Moody’s Analytics (Financial Analysis)
• President & CEO: Rob Fauber
Sa-Dhan and Bank of India Ink Memorandum of Understanding to Boost Financial Inclusion for
Small, Micro, and Women-Led Businesses
• Sa-Dhan, a self-regulatory organization for microfinance institutions (MFIs), has signed
a Memorandum of Understanding (MoU) with Bank of India (BoI) to expand financial
access for small, micro, and women-led enterprises.
About Bank of India:
• Founded: 1906
• Headquarters: Mumbai, Maharashtra, India
• Managing Director & CEO: Rajneesh Karnatak
• Tagline: “Relationships Beyond Banking”

Finance Ministry Releases Draft ‘Climate Taxonomy’ Framework to Boost Clean Energy
Investments
• The Finance Ministry has released the draft ‘Framework of India’s Climate Finance
Taxonomy’ to direct investment towards clean energy projects and infrastructure that can
withstand climate change-related weather threats.

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 Important Monthly Current Affairs Capsule – May 2025

• Objective of the Taxonomy:Thetaxonomy aims to guide investments in climate-friendly

technologies and activities to help India achieve Net Zero by 2070.
• It will also ensure long-term access to reliable and affordable energy while
preventing green-washing and aligning with the Viksit Bharat vision for 2047.
What is Climate Finance Taxonomy?
• A climate finance taxonomy classifies which parts of the economy are consistent with
sustainable investments and guides investors and banks in directing funds to impactful
projects.
• It classifies activities into ‘climate supportive’ or ‘climate transition’, which includes:
About Ministry of Finance:
• Cabinet Minister: Smt. Nirmala Sitharaman
• Minister of State (MoS): Shri Pankaj Chaudhary, Dr. Bhagwat Kishanrao Karad
Reserve Bank of India Designates Fixed Income Money Market and Derivatives Association of
India (FIMMD)as Self-Regulatory Organisation (SRO) for Financial Markets Under New Guidelines
• The Reserve Bank of India (RBI) has officially recognised the Fixed Income Money Market
and Derivatives Association of India (FIMMDA) as a Self-Regulatory Organisation
(SRO) for the financial market.
What Is SRO?
• A self-regulatory organization (SRO) is an entity such as a non-governmental organization,
which has the power to create and enforce stand-alone industry and professional regulations
and standards on its own.
• In the case of financial SROs, such as a stock exchange, the priority is to protect investors by
establishing rules, regulations, and setting standards of procedures that promote ethics,
equality, and professionalism.
About FIMMDA:
• Established in
• Represents scheduled commercial banks, primary dealers, public financial institutions,
insurance companies, etc.
• Functions as a calculation agent for:
• Daily valuation of government securities and corporate bonds.
• Administers key benchmarks, like the FIMMDA–NSE Overnight MIBOR.
• Recognised by RBI as the benchmark administrator for all Indian rupee interest rates.
Reserve Bank of India Unveils Framework to Streamline Regulatory Drafting and Stakeholder
Consultation Process
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 Important Monthly Current Affairs Capsule – May 2025

• The Reserve Bank of India (RBI) has introduced the “Framework for Formulation of
Regulations” to standardize the regulatory formulation and public feedback process.
• Draft Regulation Publication:RBI will publish the draft regulation on its website along with
a statement of particulars.
• The draft will be open for public comments for at least 21 days.
• Public Feedback Process:After receiving public comments, RBI will consider the
feedback and publish a general statement of response along with the final regulation on
its website.
About RBI :
• Established : 1 April 193
• Headquarters : Mumbai, Maharashtra, India
• Governor : Sanjay Malhotra
India Set to Overtake Japan as World’s Fourth-Largest Economy in 2025: IMF April Outlook
• According to the latest World Economic Outlook released by the International Monetary
Fund (IMF), India is set to become the world’s fourth-largest economy in 2025,
surpassing Japan.
• India’s nominal GDP is projected to reach 4,187.02 billion dollars in 2025, just ahead of
Japan’s 4,186.43 billion dollars.
Unified Payments InterfaceQR Codes See 91.5% Growth in Digital Payments Infrastructure in FY
2024-25, Reaching 657.9 Million
• According to the latest data from the Reserve Bank of India (RBI), Unified Payments
Interface (UPI) QR codes recorded the fastest growth in digital payments
infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous year,
reaching 657.9 million.
• Credit and Debit Card Growth:Credit card transaction growth slowed to 7.94% year-on-
year.
• Debit card growth was modest, rising only 2.7%, bringing the total number of debit cards in
circulation to 991 million.
Securities and Exchange Board of India Mandates ₹1 Crore Minimum Investment and Demat for
Securitised Debt Instruments
• Markets regulator Securities and Exchange Board of India (SEBI) mandates a minimum
ticket size of ₹1 crore for securitised debt instruments (SDIs) for both RBI-
regulated and unregulated originators involved in securitisation activities.

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 Important Monthly Current Affairs Capsule – May 2025

• Definition of Securitised Debt Instruments (SDIs):SDIs are financial products created

by pooling various types of debt (such as loans, mortgages, or receivables) and selling
them as securities to investors.
• Purpose of Securitisation:Securitisation helps convert illiquid assets into liquid ones,
providing alternative funding sources for originators (like banks).
About SEBI :
• Established : 12 April 1988 as an executive body and was given statutory powers on 30
January 1992 through the SEBI Act, 199
• Headquarters : Mumbai, Maharashtra
• Chairman : Madhabi Puri Buch (first woman to lead the SEBI
• SEBI is the regulatory body for securities and commodity markets in India under the
ownership of the Ministry of Finance (MoF), GoI.

Kotak Mahindra Bank Launches Solitaire Credit Card for Premium Travellers
• Kotak Mahindra Bank has introduced the Kotak Solitaire Credit Card, an exclusive, invite-
only metal card aimed at catering to affluent travellers.
• This premium card offers a range of luxury benefits, including zero foreign transaction fees,
unlimited airport lounge access, and the ability to transfer airmiles to top-tier airline and hotel
partners.
About Kotak Mahindra Bank:
• Founded: 2003
• Headquarters: Mumbai, Maharashtra, India
• Managing Director & CEO: Ashok Vaswani
• Tagline: Let’s Make Money Simple
• Merger: ING Vysya Bank merged with Kotak Mahindra Bank in 2015

India’s Sovereign Credit Rating Upgraded to ‘BBB’ with a ‘Stable’ Outlook by Morningstar DBRS
• Morningstar DBRS, a global sovereign credit rating agency, has upgraded India’s Long-
Term Foreign and Local Currency – Issuer Ratings from BBB (low) to BBB with a stable
trend.
• India’s Short-Term Foreign and Local Currency Issuer Ratings were also upgraded to R-2
(high) from R-2 (middle) with a stable trend.
About Ministry of Finance:
• Cabinet Minister: Smt. Nirmala Sitharaman
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 Important Monthly Current Affairs Capsule – May 2025

• Minister of State (MoS): Shri Pankaj Chaudhary, Dr. Bhagwat Kishanrao Karad
IIFCL Reports Record Performance for FY 2024-25 with ₹51,124 Cr Sanctions and ₹28,501 Cr
Disbursements, Marking Fifth Consecutive Year of Growth
• IIFCL recorded highest ever Annual Sanctions and Disbursements of ₹51,124
Crore and ₹28,501 Crore, respectively, for FY 2024-25, marking a y-o-y growth of
~21% and ~28%, respectively, compared to the previous year’s figures of ₹42,309
Crore and ₹22,356 Crore.
• The Cumulative Sanctions and Disbursements stood at ₹3.06 Lakh Crore and ₹1.56 Lakh
Crore as of March 31, 2025, with ~55% achieved in the last five years.
• The Consolidated Cumulative Sanctions and Disbursements of IIFCL were ~₹3.53 Lakh
Crore and ~₹1.79 Lakh Crore, respectively.
About IIFCL:
• IIFCL is a government-owned financial institution catering to the long-term financing needs
of India’s infrastructure sector.
• It is a diversified public sector lender offering various infrastructure financing products and
providing policy inputs to the Government.
Reserve Bank of India Eases Rules for Foreign Portfolio Investors Investments in Corporate
Debt Securities
• The Reserve Bank of India (RBI) has relaxed the norms for Foreign Portfolio Investors
(FPIs) investing in corporate debt securities through the general route.
• The relaxation specifically removes the requirements related to the short-term investment
limit and the concentration limit for FPI investments in corporate debt securities.
• Objective:The RBI’s decision aims to provide greater ease of investment for FPIs,
encouraging more participation in India’s corporate debt market.
About RBI :
• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Sanjay Malhotra
Securities and Exchange Board of India Imposes Cooling-Off Period for Directors of Market
Infrastructure Institutions
• Markets regulator Securities and Exchange Board of India (SEBI) has amended the SECC
Regulations, 2018 and Depositories and Participants Regulations, 2018 to
enhance governance at Market Infrastructure Institutions (MIIs) such as stock
exchanges, clearing corporations, and depositories.
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 Important Monthly Current Affairs Capsule – May 2025

• A mandatory cooling-off period is now required for non-independent directors before they
can join the board of a competing MII.
• For public interest directors, after completing their term at an MII, they may be appointed to
another competing MII for a further three-year term, subject to SEBI’s prior approval.
About SEBI :
• Established : 12 April 1988 as an executive body and was given statutory powers on 30
January 1992 through the SEBI Act, 199
• Headquarters : Mumbai, Maharashtra
• Chairman : Madhabi Puri Buch (first woman to lead the SEBI)
• SEBI is the regulatory body for securities and commodity markets in India under the
ownership of the Ministry of Finance (MoF), GoI.

AMEX, HSBC Top Foreign Banks in Net Credit Card Additions in FY25
• HSBC and American Express (AmEx) were the top two foreign banks in net credit card
additions during FY25:
• HSBC: Added 216,997
• American Express: Added 107,086
Reserve Bank of India Levies Penalties on SBI and Jana Small Finance Bank
• The Reserve Bank of India (RBI) has imposed monetary penalties on State Bank of India
(SBI) and Jana Small Finance Bank for non-compliance with regulatory norms.
Penalty on SBI:
• Amount: ₹1,72,80,000
• Reasons:
• Violation of directions on “Loans and Advances – Statutory and Other Restrictions”
Penalty on Jana Small Finance Bank:
• Amount: ₹1 crore
• Reason: Contravention of provisions of the Banking Regulation Act, 1949
About RBI :
• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Sanjay Malhotra

India Provides Financial Assistance to Maldives by Rolling Over $50 Million Treasury Bill

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 Important Monthly Current Affairs Capsule – May 2025

• India has extended financial support to the Maldives through the rollover of a $50 million
Treasury Bill for one more year.
• Purpose of the Move: This rollover will assist in their ongoing efforts to implement fiscal
reforms aimed at strengthening economic resilience.
About Maldives :
• President :Mohamed Muizzu
• Capital :Malé
• Currency :Maldivian rufiyaa
Reserve Bank of India Makes Reporting of Digital Lending Apps Mandatory Starting May 13,2025
• The Reserve Bank of India (RBI) has issued new regulations under the Reserve Bank of
India (Digital Lending) Directions, 2025, aimed at increasing transparency and
accountability in the digital lending
• Objective:The new rules aim to clean up the digital lending space by enforcing uniform
standards, offering better borrower protection, and addressing concerns over hidden
charges and aggressive recovery practices.
About RBI :
• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Sanjay Malhotra
Life Insurance Corporation of India Launches WhatsApp Premium Payment Service for
Policyholders
• Life Insurance Corporation of India (LIC) has introduced a WhatsApp-based premium
payment facility for policyholders.
• This online facility allows registered customers to check policy details and pay premiums
via WhatsApp bot.
• Payments can be made using UPI, net banking, or cards within the WhatsApp interface.
• The full customer journey — from identifying policies due for payment to payment and
receipt generation — takes place within the WhatsApp bot.
About LIC :
• Founded : 1 September 1956
• Headquarters : Mumbai, Maharashtra, India
• Chairman : Siddhartha Mohanty
International Monetary Fund Approves $1 Billion Loan for Pakistan

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 Important Monthly Current Affairs Capsule – May 2025

• The International Monetary Fund (IMF) approved a $1 billion loan to Pakistan as part of
its Extended Fund Facility (EFF).
• The EFF is designed to support countries with balance of payments issues caused
by structural weaknesses, such as inadequate infrastructure, a poorly educated workforce,
and excessive government borrowing.
• Pakistan’s economy has faced challenges such as GDP stagnation, high inflation (peaking
at 29.1% in 2023), and low savings due to high population growth and insufficient
investments in infrastructure.
About IMF :
• Formation : 22 July 1944
• Headquarters :Washington, D.C., U.S
• Managing Director :Kristalina Georgieva
• Membership : 191 countries (190 UN countries and Kosovo)
Reserve Bank of India to Give In-Principle Approval to Emirates NBD Bank PJSC
• The Reserve Bank of India (RBI) has granted “in-principle” approval to Emirates NBD Bank
PJSC to set up a Wholly Owned Subsidiary (WOS) in India.
• This is under the “Scheme for Setting up of WOS by foreign banks in India”.
• Emirates NBD Bank currently operates in India through branches in Chennai, Gurugram, and
Mumbai.
• RBI will consider granting a full banking licence under Section 22(1) of the Banking
Regulation Act, 1949, after the bank fulfills all RBI’s conditions as part of this approval.
• Emirates NBD inaugurated its first full-fledged Indian branch in Mumbai in 2017.
• India is the sixth country where Emirates NBD has an onshore presence, after the UAE,
Saudi Arabia, Egypt, Singapore, and the UK.
SBM Bank India and ICICI Prudential Life Enter Bancassurance Partnership
• SBM Bank India and ICICI Prudential Life Insurance Company have entered into
a bancassurance partnership.
• The partnership aims to offer a wide range of life insurance products to SBM Bank
India’s customers.
• Products offered will include:
• Term insurance
• Long-term savings
• Wealth creation products
• Retirement income planning solutions
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 Important Monthly Current Affairs Capsule – May 2025

What Is Bancassurance?
• Bancassurance is an arrangement between a bank and an insurance company allowing
the insurance company to sell its products to the bank’s client base.
• This partnership arrangement can be profitable for both companies.
About SBM Bank India :
• Founded : 1st December 2018
• Headquarters : Mumbai, Maharashtra, India
• MD &CEO : Ashish Vijayakar
• SBM Bank India is a subsidiary of the State Bank of Mauritius.
• It was the first bank to receive a banking license from the Reserve Bank of India (RBI) to
establish a universal banking business in India.
About ICICI Prudential Life Insurance Company Limited :
• Founded : 2000
• Headquarters : Mumbai, Maharashtra, India
• MD &CEO : Anup Bagchi
Securities and Exchange Board of India Strengthens Governance by Tightening and
Standardising Internal Audit Norms for Market Infrastructure Institutions (MIIs)
• The Securities and Exchange Board of India (SEBI) has tightened and
standardised the internal audit mechanism norms for Market Infrastructure Institutions
(MIIs) to strengthen governance.
• Managing Directors (MDs) are barred from being part of audit committees.
• Key Managerial Personnel (KMPs) may be invited to audit committee meetings with
approval of the committee’s chairman but without voting rights.
• Auditors and KMPs have the right to be heard in audit committee meetings when the auditor’s
report is discussed but do not have voting rights.
• The new norms will be effective after three months from the circular.
What are Market Infrastructure Institutions?
• Market Infrastructure Institutions (MIIs) are organizations that provide the essential
facilities for trading, clearing, and settling financial instruments like stocks, bonds,
and derivatives.
• They are the backbone of a robust and well-regulated financial market.
About SEBI :
• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January
1992 through the SEBI Act, 1992
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 Important Monthly Current Affairs Capsule – May 2025

• Headquarters : Mumbai, Maharashtra

• Chairman : Tuhin Kanta Pandey
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of
the Ministry of Finance (MoF), GoI.
State Bank of India Reduces Interest Rates on Domestic Term Deposits by 20 Basis Points
Across All Tenures
• State Bank of India (SBI), the country’s largest lender, has cut interest rates on retail
domestic term deposits by 20 basis points (bps)across all tenors, effective 16 May 2025.
• The move reflects improved liquidity conditions in the financial system.
• Revised deposit rates (for general public):
• 211 days to < 1 year: 6.30% (earlier 6.5%)
• 1 year to < 2 years: 6.5%
• 2 years to < 3 years: 6.7% (highest return)
• 3 years to < 5 years: 6.55%
• 5 years to 10 years: 6.30%
Directorate General of Foreign Trade Issues Import Policy for Newly Introduced ITC (HS) Codes
on Precious Metals under Finance Act 2025
• The Directorate General of Foreign Trade (DGFT) has amended the import
policy and policy conditions for specific Indian Trade Classification (Harmonised System)
2022 [ITC (HS) 2022] codes, including those for precious metals, in line with the Finance Act
2025.
• The import policy for ITC(HS) codes under Chapter 71 of ITC (HS) 2022, Schedule (Import
Policy), newly created under the Finance Act 2025 (dated March 29, 2025), has been notified
with immediate effect.
• This amendment ensures consistency between customs duties and import regulations.
• New HS codes introduced for key precious metals items:
• Gold dore
• Silver dore
• Platinum containing at least 99% platinum
About DGFT :
• Founded : 1991
• Headquarters : New Delhi, India
• Director General : Santosh Kumar Sarangi

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 Important Monthly Current Affairs Capsule – May 2025

Reserve Bank of India Proposes Easing Investment Norms for Banks and NBFCs in Alternative
Investment Funds (AIFs)
• The Reserve Bank of India (RBI) has proposed revised guidelines to ease investment
norms for regulated entities (REs) like banks and Non Banking Finance Companies
(NBFCs) in Alternative Investment Funds (AIFs).
• AIFs are privately pooled investment vehicles that invest in assets outside traditional
categories like stocks and bonds.
Under the new proposal:
• Total investment by all REs in any AIF scheme is capped at 15% of the scheme’s corpus.
• Individual RE investment is capped at 10% of the corpus.
• Investments up to 5% by an RE in an AIF scheme are allowed without restriction.
• If an RE invests more than 5%, and the AIF has downstream debt investment in a debtor
company of the RE, then the RE must make 100% provisioning for its proportionate
exposure.
• In December 2023, RBI had barred investments in AIFs that were investing in existing/recent
borrowers due to loan evergreening concerns and regulatory circumvention.
• In March 2024, RBI eased provisioning norms, and now further relaxation has been proposed
after SEBI issued due diligence guidelines for AIFs.
US 30-Year Treasury Yield Climbs to Highest Level Since 2023 Following Moody’s Downgrade
• 30-year Treasury bond yield reached its highest level this year at 5.02%, rising by 13 basis
points (bps), the biggest one-day increase in over six months.
• The US lost its remaining AAA-credit rating from Moody’s Investors Service, which
downgraded it by one notch from Aaa to Aa1 (note: the passage states “Aaa from Aaa,” likely a
typo, Moody’s downgrade means loss of top AAA rating).
• Moody’s downgrade cited large fiscal deficits and growing interest costs as main reasons.
• Previously, Fitch and S&P Global had downgraded the US years ago.
• US President Donald Trump’s tax-cut bill, approved by a key congressional committee,
threatens to add $3 trillion to national debt over the next decade, increasing fiscal concerns.
• The US national debt stands at $36.2 trillion.
• The 10-year Treasury yield rose by about 11 bps to 4.55%.
• The 2-year Treasury notes remained broadly muted (little change).
Reserve Bank of India Requests Government Approval to Expand Contingent Risk Buffer Band
• The Reserve Bank of India (RBI) reviewed its Economic Capital Framework (ECF) and
sought the government’s approval to expand the Contingent Risk Buffer (CRB) band.
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 Important Monthly Current Affairs Capsule – May 2025

• The CRB is a portion of the RBI’s balance sheet maintained to absorb potential losses, currently
set at 5.5–6.5%, as per the Bimal Jalan Committee recommendations.
• A higher CRB means a lower surplus transferred to the government, and vice versa.
The CRB levels over the years:
• FY19 to FY22: 5.5%
• FY23: 6.0%
• FY24: 6.5%
• The framework by the Jalan Committee has been found effective over the past five years,
and RBI is exploring a wider range for the buffer in view of economic vulnerabilities and
fluctuations.
RBI’s surplus transfers to the Government (₹ crore):
• FY23: ₹87,416
• FY24: ₹2,10,873 (Highest ever)
What is the contingency risk buffer?
• The Contingency Risk Buffer (CRB) is a specific provision fund kept by the central
bank primarily to be used during any unexpected and unforeseen contingencies.
About RBI :
• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Sanjay Malhotra
Reserve Bank of India to release new ₹20 currency notes bearing Governor Sanjay Malhotra’s
signature
• The Reserve Bank of India (RBI) will soon issue ₹20 denomination banknotes in
the Mahatma Gandhi (New) Series bearing the signature of the new RBI Governor Sanjay
Malhotra.
Design Features:
• The design remains unchanged from the existing ₹20 notes, except for the signature.
• Dimensions: 63 mm x 129 mm
• Base Colour: Greenish Yellow
• Reverse Illustration: Ellora Caves, symbolizing India’s cultural heritage.
• Legal Tender Status:All previously issued ₹20 notes will remain legal tender.
• Every note issued by RBI is guaranteed by the Central Government, per Section 26(2) of the
RBI Act, 1934.
• Even ₹1 notes issued by the Government of India are legal tender.
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 Important Monthly Current Affairs Capsule – May 2025

India’s outward Foreign Direct Investment (FDI) nearly doubles to $6.8 billion in April 2025: RBI
data
• India’s outward Foreign Direct Investment (FDI) commitments nearly doubled to $6.8
billion in April 2025, compared to $3.58 billion in April 2024.
• Sequentially, outward FDI commitments increased from $5.9 billion in March 2025 to $6.8
billion in April 2025.
• Outbound FDI commitments are categorized into three components:
1. Equity commitments rose significantly to $2.72 billion in April 2025 from $740 million in April
2024, and slightly from $2.53 billion in March 2025.
2. Loan commitments increased more than three-fold to $1.16 billion in April 2025, compared
to $687.33 million in April 2024, but were lower than $2.12 billion in March 2025.
3. Guarantees for overseas units increased to $2.98 billion in April 2025, up from $2.16 billion in
April 2024 and $1.23 billion in March 2025.
India’s Exports Rise by 9% in April 2025 Despite US Tariff Concerns
• India’s Merchandise exports rose by 9% YoY to $38.49 billion in April 2025, marking the
highest in six months.
• Services exports increased to $35.31 billion in April 2025 from $30.18 billion in April 2024.
• Imports rose by 19.12% to $64.91 billion, resulting in a trade deficit of $26.42 billion (five-
month high).
• Exports to the United States surged by 27% YoY to $8.4 billion, driven by tariff-related
uncertainty.
Top-performing export sectors:
• Electronics: Up by 39.51% to $3.69 billion.
• Engineering goods: Up by 11.28% to $9.51 billion.
Bill Gates to Give Away Entire Fortune and Wind Up Foundation by 2045
• Bill Gates announced his plan to donate nearly all of his estimated US$200 billion
fortune over the next two decades.
• The Bill & Melinda Gates Foundation is set to shut down by December 31, 2045.
• The announcement came on the 25th anniversary of the foundation, which was established in
2000 by Bill Gates and his then-wife Melinda French Gates, later joined by Warren Buffett.
• The decision follows the Trump administration’s move to cut funding for health, foreign aid,
and public assistance programs—key areas supported by the foundation—raising concerns
about potential global health setbacks.

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 Important Monthly Current Affairs Capsule – May 2025

• Since its inception, the foundation has donated US$100 billion, contributing to saving millions
of lives and supporting major global health programs like:
• Gavi – The Vaccine Alliance
• The Global Fund to Fight AIDS, Tuberculosis and Malaria
HDFC Bank Unveils ‘Biz+ Current Accounts’ to Support Expanding MSME Sector in India
• HDFC Bank, India’s leading private sector bank in Current Account deposits, launched the
new Biz+ Current Accounts.
• Biz+ is a reimagined suite of Current Account offerings designed to meet the evolving
needs of Indian businesses.
• The accounts aim to empower businesses by bringing the entire bank to the
customer from day one.
• Biz+ accounts are designed to scale with the success of customers and adapt dynamically to
different business segments like manufacturers, traders, service providers, offering sector-
specific solutions.
About HDFC Bank:
• Founded: 1994
• Headquarters: Mumbai, Maharashtra, India
• Managing Director & CEO: Sashidhar Jagdishan
• Tagline: “We understand your world”
India’s First Monthly Job Report Reveals 5.1% Unemployment Rate in April 2025
• The unemployment rate in India, measured on a monthly basis for the first time, stood
at 5.1% in April 2025.
• Data released by the Ministry of Statistics & Programme Implementation (MoSPI) through
the first monthly Periodic Labour Force Survey (PLFS).
• Earlier, labour force data was released quarterly and annually, not monthly.
• Current Weekly Status (CWS) method used — refers to employment status over the last 7
days before the survey date
Unemployment Rate (UR) Details:
• Overall unemployment rate: 5.1%
• Men’s unemployment rate: 5.2%
• Women’s unemployment rate: 5%
• Age group 15-29 unemployment: 13.8%
• Urban unemployment rate: 17.2%
• Rural unemployment rate: 12.3%
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 Important Monthly Current Affairs Capsule – May 2025

Reliance Industries Secures $2.98 Billion Loan, Marking Largest Deal in India Since 2023
• Reliance Industries (RIL) has secured a dual-currency loan worth $2.9 billion, the largest
offshore loan raised by an Indian company in over a year.
• The loan agreement was signed last week, involving 55 banks, making it the largest bank
group for a syndicated loan in Asia in 2025.
• The loan is split into two parts:
1. A $2.4 billion tranche in US dollars
2. A 67.7 billion yen tranche (equivalent to $462 million) in Japanese yen.
• This loan has pushed foreign currency loan volumes raised by Indian companies to
around $10.4 billion in 2025, the fastest year-to-date pace in a decade (according to
Bloomberg data).
India Stays World’s Fastest-Growing Economy as Global Risks Rise: United Nations report
• India remains the fastest-growing large economy as per the United Nations’ World
Economic Situation and Prospects (WESP) Mid-Year Report.
• India’s GDP growth is projected at 6.3% in FY 2024-25, and expected to rise to 6.4% in FY
2025-26.
• The growth drivers identified are:
• Strong private consumption
• Robust public investment
• Inflation in India is forecast to ease from 4.9% in 2024 to 4.3% in 2025, staying within the
RBI’s target range.
India’s April Trade Deficit Rises to $8.65 Billion, Services Offset Gap Again
• India’s total trade deficit (merchandise + services) widened to $8.65 billion in April 2025
from $5.77 billion in April 2024.
• According to Ministry of Commerce and Industry data, total exports (merchandise + services)
in 2024-25 reached $824.9 billion, the highest-ever, up 6% from 2023-24.
• Merchandise exports grew by 9% to $38.49 billion in April 2025.
• Merchandise imports increased faster by 19.1% to $64.91 billion in April 2025.
• As a result, the merchandise trade deficit widened to $26.4 billion in April 2025 from $19.19
billion in April 2024.
Cancelled Systematic Investment Plans Tripled in April Following AMFI’s Implementation of
SEBI Cancellation Norms
• The number of Systematic Investment Plans (SIP) cancellations more than tripled to 162.3
lakh in April 2025 compared to the previous month.
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 Important Monthly Current Affairs Capsule – May 2025

• This surge in cancellations was primarily due to the implementation of SEBI norms rather than
investor fears related to market volatility.
• SIP (Systematic Investment Plan) is a method of investing in Mutual Funds by investing a
fixed amount periodically at regular intervals (e.g., monthly).
SEBI Guidelines (Effective April 1, 2024):
• SIP Classification as Invalid:
o Daily/Weekly/Monthly/Fortnightly SIPs: Invalid after 3 consecutive missed instalments.
o Quarterly/Bimonthly SIPs: Invalid after 2 consecutive missed instalments.
• SIP Cancellation Requests: Must be processed by AMCs within 10 days.
• Data Transparency Mandate: SEBI required AMCs and AMFI to improve clarity on cancelled SIP
data.
Changes in SIP Data Reporting:
• Previously included inactive accounts; now includes only active (contributing) and outstanding
SIPs.
• From April 2024, AMFI began displaying contributing SIPs, which make up 70–80% of total
outstanding SIPs.
• This allows for more accurate monthly SIP trend analysis.
International Monetary Fund to Release $1.3 Billion to Bangladesh
• The International Monetary Fund (IMF) is set to release $1.3 billion to Bangladesh in June
after completing the fourth review of its $4.7-billion loan program.
• The release of funds covers both the fourth and fifth tranches, which were delayed due to IMF’s
demand for greater exchange rate flexibility.
• A key reform includes the adoption of a crawling peg mechanism for the exchange rate.
• The fourth review took place in Dhaka in April, followed by discussions during the Bank-Fund
Spring Meetings in Washington.
About IMF :
• Formation : 22 July 1944
• Headquarters : Washington, D.C., U.S
• Managing Director : Kristalina Georgieva
• Membership : 191 countries (190 UN countries and Kosovo)
Wholesale Price Index Inflation Falls to 9-Month Low in April Due to Moderate Food Prices
• Wholesale Price Index (WPI) inflation dropped to a nine-month low of 0.85% in April from
2.05% in March.
• The decline was mainly due to falling energy prices and moderation in food product prices.
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 Important Monthly Current Affairs Capsule – May 2025

• Among the three main WPI components:

1. Primary articles prices contracted by –1.44%,
2. Fuel and power prices declined by -2.18%,
3. Manufactured articles saw inflation at 2.62%.
• Retail inflation (CPI) eased to a 69-month low of 3.16% in April, driven by a further fall in food
prices.
• Food inflation, which has a 24.38% weight in WPI, moderated to 2.5% in April 2025 from 6.1%
in April 2024.
• Vegetable inflation dropped steeply by 18.3% in April 2025 compared to an increase of
23.6% in the same month last year.
• WPI inflation is forecasted to average close to 3% in FY 2026 according to CareEdge chief
economist.
Canara Bank and Union Bank launch special deposit schemes to drive growth
• State-owned Canara Bank and Union Bank of India have announced special deposit
schemes to boost resource mobilisation amid slowing deposit growth.
• Deposit growth declined to 10.3% in FY25 from 13.5% in FY24.
• Most public sector banks project deposit growth of 9–11% for the current financial year.
• Union Bank’s scheme offers an interest rate of 6.75% for deposits of 375 days, with
a minimum deposit of ₹10 lakh and maximum up to ₹3 crore.
• The Union Bank scheme includes a 375-day Super Top-up Health Insurance cover with
a sum insured of ₹5 lakh and cashless hospitalisation.
• Canara Bank launched Canara TruEdge, a current account and savings account
(CASA) product designed to offer enhanced customer segmentation and tailored operational
and financial solutions.
• Both banks aim to address challenges in deposit mobilisation through specialised
schemes offering multiple benefits.
About Canara Bank:
• Founded: 1906
• Headquarters: Bengaluru, Karnataka, India
• Managing Director & CEO: K. Satyanarayana Raju
• Tagline: “Together We Can”
About Union Bank of India (UBI):
• Founded Year: 1919
• Headquarters: Mumbai, Maharashtra, India
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 Important Monthly Current Affairs Capsule – May 2025

• MD & CEO: A. Manimekhalai

• Slogan: “Good People to Bank With”
Qatar National Bank Becomes First Middle East and Africa Bank to Open Branch in India’s GIFT
City, Gujarat
• QNB (Qatar National Bank), the largest financial institution in the Middle
East and Africa (MEA), has become the first bank from the region to open a branch in India’s
GIFT City, Gujarat’s premier international financial hub and special economic zone.
• The bank’s GIFT City branch plans to support Indian corporates seeking global banking
partners to drive their expansion.
• QNB’s international network spans 28 markets across three continents.
About QNB Group :
• Founded : June 6, 1964
• Headquarters :Doha, Qatar
• QNB India first entered India in 2017 and has since rapidly expanded to serve the international
banking needs of Indian corporates and institutions.
PayU Receives Final Reserve Bank of India Approval to Function as Online Payment Aggregator
• PayU, backed by Prosus, has received final approval from the Reserve Bank of India (RBI) to
operate as an online payment aggregator.
• PayU had previously received an in-principle approval from the RBI in April 2024, enabling it to
begin onboarding merchants onto its platform.
• The Payment and Settlement Systems Act, 2007 regulates this approval, allowing PayU to
operate within India’s payments ecosystem.
• PayU’s approval comes after it was asked by the RBI to reapply for a payment aggregator
licence in January 2023 due to concerns over its corporate structure.
What is a Payment Aggregator?
• Online payment aggregators are companies that facilitate online payments by acting as
intermediaries between the customer and the merchant
• The RBI introduced Guidelines for Regulating PAs and Payment Gateway in March 2020.
Fitch Upgrades Shriram Finance’s Rating Due to Enhanced Business Profile
• Fitch Ratings upgraded Shriram Finance Limited’s (SFL) Long-Term Foreign- and Local-
Currency Issuer Default Ratings (IDRs) from ‘BB’ to ‘BB+’ with a stable
• The upgrade reflects the sustained improvement in SFL’s standalone profile, particularly in
areas like funding diversity, risk management, portfolio quality, and profitability.

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 Important Monthly Current Affairs Capsule – May 2025

• The ratings highlight SFL’s steady performance since its merger with Shriram City Union
Finance Ltd (SCUF) in 2022.
• Established Franchise and Risk Controls: SFL has a time-tested and established
franchise in used commercial-vehicle financing, supported by a seasoned management
team and established risk controls.
Dvara Solutions Forms Strategic Alliance with Kissandhan Agri Financial Services
• Dvara Solutions has formed a strategic partnership with Kissandhan Agri Financial
Services Private Limited (Kissandhan), an RBI-regulated Non-Banking Financial Company
(NBFC) and a subsidiary of Sohan Lal Commodity Management Limited (SLCM).
• The partnership aims to streamline Kissandhan’s loan lifecycle workflows,
improve growth, operational efficiency, and customer experience, while ensuring adherence
to regulatory norms.
• Kissandhan will adopt Dvara Solutions’ Perdix platform, which includes its loan origination
system, loan management system, reports, platform services, and co-lending module.
Retail inflation drops to 6-year low of 3.16% in April amid decline in food prices
• India’s retail inflation dropped to 3.16% in April 2025, marking the lowest level since July 2019.
• The Consumer Price Index (CPI) for April 2025 registered at 3.16%, down from 3.34% in March
2025.
• CPI-based inflation has stayed below the Reserve Bank of India’s (RBI) medium-term target
of 4% for the third consecutive month.
• Food Price Decline: The Consumer Food Price Index (CFPI) dropped to 1.78% in April,
marking the lowest food inflation since October 2021.
Rural vs Urban Inflation:
• Rural inflation decreased to 2.92% from 3.25% in March.
• Urban inflation decreased to 3.36% from 3.43% in March.
• Kerala recorded the highest inflation at 5.94%.
• Telangana had the lowest inflation at 1.26%.
Reserve Bank of India Raised Concerns Over IndusInd Bank’s Weak Internal Audit System in
FY23: Sources
• The Reserve Bank of India (RBI) flagged the ineffectiveness of IndusInd Bank’s Internal
Audit Department (IAD) in its 2022-23 Annual Inspection Report.
• The IAD was understaffed, and its weak structure appeared deliberate.

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 Important Monthly Current Affairs Capsule – May 2025

Insurance Regulatory and Development Authority of India Imposes ₹1 Crore Fine on Acko
General Insurance
• The Insurance Regulatory and Development Authority of India (IRDAI) imposed a penalty
of ₹1 crore on Acko General Insurance.
• Reason for Penalty:Violation of regulations on outsourcing activities.
• Breach of norms related to payment of commission, remuneration, or
reward to insurance agents and intermediaries.
Reserve Bank of India to Reduce Cash Infusion After Injecting $100 Billion
• The Reserve Bank of India (RBI) has infused ₹8.57 lakh crore (~$100.06 billion) into
the banking system since December through Open Market Operations (OMOs).
• RBI concluded its final scheduled open market bond purchase recently and has not
announced further purchases, signaling a likely slowdown in liquidity infusion.
• Liquidity has been pumped continuously for the past six months.
India’s core sector output rises by 0.5% in April, marking the slowest growth in eight months
• The output of eight core infrastructure sectors in India, which contribute 40.27% to the
Index of Industrial Production (IIP), grew by 0.5% in April 2025, marking the lowest
growth in eight months.
• Growth sharply declined from 4.6% in March 2025, which was also revised upwards from the
earlier 3.8% estimate.
• In April 2024, core sector growth was recorded at 6.9%, indicating a notable slowdown this
year.

India Post Payments Bank Collaborates with Aditya Birla Capital to Enhance Access to Loan
Products Nationwide
• India Post Payments Bank (IPPB), a Government of India undertaking, has formed
a strategic partnership with Aditya Birla Capital Limited (ABCL), a leading diversified
financial service company in India.
• The partnership aims to broaden the reach and accessibility of loan
products across Bharat (India).
• The collaboration integrates Aditya Birla Capital’s diverse lending products with IPPB’s
extensive network and digital infrastructure.

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 Important Monthly Current Affairs Capsule – May 2025

Government to Play Key Role in New Payments Regulatory Board

• The Centre has notified the Payments Regulatory Board Regulations, 2025, establishing a
new Payments Regulatory Board (PRB) to replace the Board for Regulation and
Supervision of Payment and Settlement Systems (BPSS).
• The BPSS was a committee under the Reserve Bank of India (RBI) central board regulating
payment and settlement systems.
• The new PRB will be assisted by the Department of Payment and Settlement Systems
(DPSS), a department within RBI.
Reserve Bank of India offloads $34.5 billion in FY25, highest amount since global financial crisis
• The Reserve Bank of India (RBI)net sold $34.5 billion in FY25 (2024-25), the highest since
the global financial crisis (2008-09).
• RBI’s forward book was reduced to $84.34 billion as of March 31, 2025, down from $88.75
billion in February 2025.
• The Indian rupee (INR) sharply depreciated by 2.4% in FY25 due to a surge in the US
dollar index to 108, prompting RBI intervention to control volatility.
Fitch Revises India’s Medium-Term Economic Growth Estimate to 6.4% Till FY26
• Fitch Ratings revised India’s medium-term GDP growth potential till FY2026 upwards
to 6.4%, from the earlier projection of 6.2%.
• The upward revision of 0.2 percentage points (pp) is due to higher labour force
participation, which more than offsets a lower contribution from labour productivity.
• Fitch noted “less pandemic scarring in India”, contributing to stronger growth prospects.
Reserve Bank of India Expects Digital Lending Rates to Drop Under New Draft Co-Lending
Guidelines
• The Reserve Bank of India (RBI) expects the final interest rate charged by digital
lenders to fall once the new draft co-lending guidelines come into effect.
• RBI’s Department of Regulation held discussions with fintech industry bodies such as:
• Fintech Association for Consumer Empowerment (FACE)
Edelweiss Asset Management Unveils Altiva SIF, Signaling Entry into Specialized Investment
Funds Market
• Edelweiss Asset Management Limited launched altiva SIF, a new brand identity marking
its strategic entry into the Specialized Investment Funds (SIFs)
• Edelweiss AMC is among the first Asset Management Companies (AMCs) in India to
formally develop offerings in the emerging SIF category.

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 Important Monthly Current Affairs Capsule – May 2025

• Altiva SIF brand is inspired by the word “altitude,” symbolizing ambition, discipline, and
vision — core values guiding the company’s approach.
Morgan Stanley Raises India’s GDP Growth Outlook to 6.2% for FY26, 6.5% for FY27
• Morgan Stanley modestly upgraded India’s GDP growth forecast to 6.2% for FY
2026 (previously 6.1%) and 6.5% for FY 2027 (previously 6.3%).
• Upgrade is attributed to the de-escalation of US-China trade tensions, improving the
outlook for external demand.
• Key Drivers of Growth : Domestic demand remains the primary engine of India’s
economic growth despite global uncertainties.
India-United States 10-Year Bond Yield Spread Shrinks to Lowest in Over 20 Years
• The spread between Indian 10-year bonds and US 10-year bonds fell to its lowest in over
20 years at 164 basis points (bps).
• The last time the spread was this low was on July 28, 2004, at 135 bps.
Reserve Bank of India Approves Record ₹2.69 Trillion Surplus Transfer to Government
• The Reserve Bank of India (RBI) Central Board approved a record surplus transfer of
₹2.69 trillion to the government for FY 2024-25.
• The transfer was approved despite maintaining the contingent risk buffer (CRB) at 7.5%,
which is the upper limit of a newly widened CRB range.
• RBI expanded the Contingent Risk Buffer (CRB) range from 5.5-6.5% (followed for FY19-
24) to 4.5-7.5% of the balance sheet.
Government Approves 8.25% Interest Rate on Employees’ Provident Fund for FY25
• The Government has ratified an interest rate of 8.25% on the Employees’ Provident
Fund (EPF) for FY 2024-25.
• This approval allows the Employees’ Provident Fund Organisation (EPFO) to credit
the annual interest accumulation into the post-retirement funds of over 7 crore
subscribers.
• On February 28, 2024, the EPFO had decided to retain the 8.25% interest rate on EPF
deposits for FY25, the same rate as FY24.
SIDBI Report: MSME Loan Demand Up 11%, but Supply Drops 11% in Jan-Mar 2025
• Commercial loan demand in the MSME sector grew by 11% year-on-year (y-o-y) during
the January to March 2025 quarter, as per a report by SIDBI and TransUnion CIBIL.
• Private sector banks, which account for 42% of MSME credit demand, saw an 8%
growth in this period.

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 Important Monthly Current Affairs Capsule – May 2025

• Public sector banks, with a 39% share, registered a stronger 15% growth in MSME credit
demand.
BoB Report: Corporate Fixed Assets See Robust Investment Growth in FY25 Driven by
Consumer, Pharma, and Infrastructure Sectors
• The corporate sector showed encouraging growth in fixed asset investments for FY25
with an overall increase of 7.6%.
• Leading sectors driving investments are primarily in the infrastructure space,
including cement and construction, engineering, and the auto and mobility sectors.
• The consumer-oriented industries show a diverse investment trend but are expected to
gain traction with a revival in consumption.
U.S. government plans to reduce proposed tax on outward remittances from 5% to 3.5%
• The U.S. government has decided to reduce the proposed excise tax on outward
remittances from 5% to 3.5%.
• This change was made through an amendment to the One Big Beautiful Bill Act, passed by
the U.S. House of Representatives on May 23, 2025.
• The original Bill included major changes to income tax, healthcare, corporate tax,
and national debt regulations, and had proposed a 5% excise tax on remittance transfers.
Reserve Bank of India imposes ₹63.6 lakh fine on Union Bank and ₹40 lakh on Lendbox for
regulatory violations
• The Reserve Bank of India (RBI) imposed penalties on Union Bank of
India and Transactree Technologies Pvt Ltd (Lendbox) for regulatory non-compliance.
• Union Bank of India was fined ₹63.6 lakh for violating provisions of the Banking Regulation
Act, 1949 and directions related to Credit Flow to Agriculture – Collateral Free
Agricultural Loans.
Aditya Birla Sun Life Insurance partners with Equitas Small Finance Bank to enhance life
insurance reach via bank branches
• Aditya Birla Sun Life Insurance Company Limited (ABSLI) partnered with Equitas Small
Finance Bank to expand life insurance accessibility through the bank’s branch network.
• Equitas customers can access ABSLI’s life insurance products directly at bank branches,
including:Salaried Term Plan, Nishchit Aayush Plan, Assured Savings Plan.
• These cover protection, savings, and retirement solutions.
India Surpasses Japan to Become World’s Fourth-Largest Economy: NITI Aayog
• India has surpassed Japan to become the world’s fourth-largest economy.

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 Important Monthly Current Affairs Capsule – May 2025

• NITI Aayog CEO B.V.R. Subrahmanyam stated India is expected to displace Germany from
the third rank within the next 2.5 to 3 years.
New IBC regulation tightens norms for personal guarantors
• The Insolvency and Bankruptcy Board of India (IBBI) has made
it mandatory for Resolution Professionals (RPs) to inform the National Company Law
Tribunal (NCLT) if a personal guarantor fails to submit a repayment plan.
• The new rule is codified as Regulation 17B and aims to increase accountability of personal
guarantors and prevent delay in the insolvency process.
Securities and Exchange Board of India Board to Meet in June to Streamline Regulations
• The Securities and Exchange Board of India (SEBI) board is next scheduled to meet
on June 18 to approve a slew of measures aimed at taking forward the theme of ease of
doing business and optimisation regulations for market intermediaries and
different segments.
JSW Steel expects no immediate tax effect from Supreme Court order on Bhushan Power &
Steel Limited
• JSW Steel, as a standalone company, has not availed any tax benefits from the
acquisition of Bhushan Power & Steel Ltd (BPSL), which continues to operate as
an independent entity.
• The Supreme Court’s order on May 2, 2025, directed the liquidation of BPSL,
rejecting JSW Steel’s resolution plan for BPSL.
• The Court ordered the refund of amounts paid to creditors and equity contributions, as
per a prior order dated March 6, 2020.
Coal India to Lead 1.15 Billion Tonne Coal Output in FY26
• India’s coal production for FY26 is targeted at 1.15 billion tonnes (bt), with Coal India
Limited (CIL) expected to lead, contributing over three-fourths (76.06%) of the total output.
• CIL’s target for FY26 is 875 million tonnes (mt), higher than its 74.55% share in FY25 but
lower than 77.53% in FY24.
• The share of Singareni Collieries Company Limited (SCCL) in FY26 is set at 6.17% (72
mt), which is a decline compared to 6.59% (69.01 mt) in FY25 and 7.01% (70.02 mt) in
FY24.
India Pushes for Withdrawal of 25% US Tariffs on Steel in Early Trade Deal
• US tariffs of 25% on steel and aluminium imports were imposed by US President Donald
Trump on March 12.
• These tariffs could impact Indian exports worth $7.6 billion annually.
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 Important Monthly Current Affairs Capsule – May 2025

• The US and India are in talks to strike a deal within the ongoing 90-day pause period on
US reciprocal tariffs.
• The Trump administration does not need Congressional approval to roll back these
tariffs, so this can be done immediately if agreed.

Reserve Bank of India Seeks Nod to Allow Rupee Loans to Neighbouring Nations: Sources
• The Reserve Bank of India (RBI) is seeking approval from the Union Government to
allow domestic banks and their foreign branches to lend Rupees to overseas
borrowers for the first time.
• The proposal targets neighbouring countries such as Bangladesh, Bhutan, Nepal, and Sri
Lanka as the initial recipients of Rupee-denominated loans.
• This move is aimed at internationalising the Rupee and enhancing its
use and acceptability in global trade.
Reserve Bank of India Eases Norms to Attract More Foreign Portfolio Investors Investment in
Corporate Bonds
• The Reserve Bank of India (RBI) relaxes investment norms for Foreign Portfolio
Investors (FPIs) in the corporate bond market to encourage more aggressive participation.
• Previously, FPIs had to sell bonds with less than one year of residual maturity or reduce
concentration in one-year papers to below 30% of their portfolio.
• Due to this rule, FPI participation was muted at ₹7.63 lakh crore, only 14.3% of the overall
investment limit of ₹53.6 lakh crore.
• Now, FPIs can hold maturing papers until maturity, giving them greater flexibility and
reducing regulatory hurdles.
Government Finances Get a Boost from RBI Transfer
• The Reserve Bank of India’s (RBI’s) Record Surplus Transfer will moderately offset the
fiscal impact of any likely rise in defence expenditure.
• The RBI transferred ₹2.11 trillion in surplus for FY25, higher than earlier years but ₹13,000
crore more than FY26 Budget Estimate (BE) of ₹2.56 trillion (which also includes dividends
from nationalised banks and financial institutions).
• Market expectations ranged from ₹31,000 crore to ₹80,000 crore more than the actual
transfer.

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 Important Monthly Current Affairs Capsule – May 2025

Reserve Bank of India Approves Sale and Change of Control of Capital India Home Loans
Limited to Weaver Services
• Capital India Home Loans Limited (CIHL) has received approval from the Reserve Bank
of India (RBI) for its acquisition and change in control to Weaver Services Private.
Limited.
• This regulatory nod is a significant milestone in CIHL’s ongoing strategic consolidation
efforts.
• The CIFL Board approved the sale of its 100% stake in CIHL, valued at ₹267 crore,
to Weaver Services.
Getepay Receives RBI Approval to Operate as Online Payment Aggregator
• Getepay has received final authorization from the Reserve Bank of India (RBI) to operate
as an online payment aggregator.
• Getepay is the first fintech firm from Rajasthan to secure this RBI license, marking
a significant milestone for the company and the Indian fintech ecosystem.
• The approval supports Getepay’s mission to promote digital transformation and financial
inclusion for micro, small, and medium enterprises (MSMEs) across India.
• Getepay currently serves over 1.5 million merchants, including kirana stores, micro-
retailers, e-commerce businesses, educational institutions, service
• providers, and small-scale manufacturers.
• The RBI approval enables Getepay to expand digital payment solutions and commerce
enablement tools particularly in Tier 2, Tier 3, and rural areas.
Foreign Direct Investment in India’s Renewable Energy Sector Increases Eight Times Between
FY21 and FY25
• The Council on Energy, Environment and Water’s Green Finance Centre (CEEW-
GFC) released its latest annual market handbook noting a rise in the share of renewable
energy (RE) in India’s total FDI inflows from around 1% in FY21 to about 8% in FY25.
• The RE sector attracted $3.4 billion in FDI in the first three quarters of FY25, nearly
matching the total FDI inflows for the entire FY24 ($3.7 billion).
• Under current FDI policy, 100% FDI is permitted in the renewable/non-conventional energy
and power sectors under the automatic route.
Axis Bank and super.money Unveil RuPay-Powered Cashback Credit Card
• Axis Bank, a leading private sector bank in India, has partnered with money, the Flipkart
Group’s credit-first UPI platform, to launch a lifetime-free co-branded RuPay credit card.
• The card offers high rewards, UPI-enabled convenience, and zero annual fees.
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 Important Monthly Current Affairs Capsule – May 2025

• The Axis Bank super.moneyRuPay Credit Card supports transactions via UPI, POS
terminals, online purchases, and ATM withdrawals.
IndusInd Bank Partners with AIC STPINEXT to Support Startups and MSMEs
• IndusInd Bank has signed a pact with AIC STPINEXT to provide financial
solutions and structural support to early-stage startups and MSMEs.
• AIC STPINEXT is a special purpose vehicle of Software Technology Parks of India
(STPI) under the Ministry of Electronics and Information Technology (MeitY).
• Under the collaboration, IndusInd Bank will offer tailored banking solutions to support
startups associated with STPI/STPINEXT.
Canara Bank Introduces ‘CANARA TruEdge’ to Cater to Institutional Banking Requirements
• Canara Bank has launched “CANARA TruEdge,” a specialised and feature-rich
suite of Current and Savings Accounts designed for institutional clients across sectors
like healthcare, education, religious organisations, and other non-individual entities.
• The suite carries the tagline: “Grow with trust, lead with edge.”
• It aims to enhance customer segmentation and provide tailored solutions aligned with
clients’ operational and financial workflows.
Muthoot Microfin Achieves Top CareEdgeESG 1 Rating with 72.2 ESG Score from SEBI-
Approved CARE ESG Ratings
• Muthoot Microfin has secured an ESG score of 72.2 and received the CareEdgeESG 1
rating, the highest tier by CARE ESG Ratings, a SEBI-licensed ESG rating provider.
• This achievement places Muthoot Microfin among India’s ESG leaders in the financial
services sector.
• The company has outperformed industry medians across the Environmental, Social, and
Governance (ESG) pillars.

India Attracts USD 81.04 Billion Foreign Direct Investment Inflows in Fiscal Year 2024–25
• The Government of India has implemented an investor-friendly FDI policy, allowing 100%
FDI in most sectors through the automatic route.
• The FDI policy is regularly reviewed to keep India an attractive and competitive
investment destination.
India’s Coal Imports Decline by 7.9% in FY 2024–25 Compared to Previous Fiscal Year
• Coal imports in India during FY 2024-25 fell by 7.9%, totaling 243.62 million tonnes
(MT) compared to 264.53 MT in FY 2023-24.
• This reduction saved approximately $7.93 billion (₹60,681.67 crore) in foreign exchange.
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 Important Monthly Current Affairs Capsule – May 2025

• The Non-Regulated Sector (excluding power) saw a sharper decline in coal imports
by 8.95% year-on-year.
Kotak811 Launches Campaign Featuring Ranveer Singh to Celebrate India’s Digital-First
Banking Generation
• Kotak Mahindra Bank launched a new campaign for Kotak811, its flagship digital banking
platform.
• Kotak811 is positioned as a full-service mobile bank tailored for India’s digital-first
generation.
• The campaign features Ranveer Singh, highlighting a bold repositioning of Kotak811 as
a seamless, intuitive, and frictionless banking solution.
• India has over one billion mobile connections and a tech-savvy population, leading to a
rapid shift in the banking landscape.
Securities and Exchange Board of India Grants Approval to JioBlackRock Asset Management to
Launch Mutual Fund Operations
• Jio BlackRock Asset Management Private Ltd, 50:50 joint venture between Jio Financial
Services Ltd (JFSL) and BlackRock has received regulatory approval from the Securities
and Exchange Board of India (SEBI) to start operations as an investment manager for
its mutual fund business in India.
• JioBlackRock aims to offer an innovative investment proposition to Indian retail mutual
fund investors and institutional investors.
• The company plans to launch a range of investment products utilizing BlackRock’s
expertise in data-driven investing.
National Payments Corporation of India Mandates UPI Apps to Display Only Verified Account
Holder Names from June 30, 2025
• The National Payments Corporation of India (NPCI) has mandated that all UPI
applications must display only the recipient’s name as registered with their bank starting
from 30 June, 2025.
• Custom or user-defined names will no longer be shown in UPI payment interfaces; only
the verified bank account holder name will appear to the sender.
• This rule applies to all UPI platforms in India, including popular apps like PhonePe, Google
Pay, Paytm, and BHIM.

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 Important Monthly Current Affairs Capsule – May 2025

Government extends income tax return filing deadline from July 31 to September 15, 2025
• The Central Board of Direct Taxes (CBDT) has extended the income tax return (ITR)
filing deadline for Assessment Year (AY) 2025-26 (Financial Year 2024-25) from July 31,
2025 to September 15, 2025.
• The extension is due to extensive structural and content changes in the notified ITR
forms, aimed at simplifying compliance, enhancing transparency, and enabling accurate
reporting.
• The changes required additional time for system development, integration, and testing of
the ITR filing utilities.
Government Plans to Promote Four Miniratna PSUs to Navratna
Category
• The Ministry of Finance plans to upgrade the status of four Central Public Sector
Enterprises (CPSEs) from Miniratna to Navratna in the coming months.
• The companies under consideration are:
1. Cochin Shipyard Limited (CSL)
2. Goa Shipyard Limited (GSL)
3. Garden Reach Shipbuilders & Engineers Limited (GRSE)
4. MOIL Limited
India’s Goods and Services Exports Expected to Hit $1 Trillion by FY26: FIEO
• The overall goods and services exports of India are expected to reach $1 trillion during FY
2025-26, according to the Federation of Indian Export Organisations (FIEO).
• In FY 2024-25, total exports stood at $825 billion.
Reserve Bank of India’s New Default Loss Guarantee Norms Likely Triggered by Fintechs’
Excessive Dependence on Lenders
• The Reserve Bank of India’s (RBI’s) directive dated May 8, 2024, mandates lenders
to exclude Default Loss Guarantee (DLG) cover while making provisions for bad
loans (NPA recognition and provisioning).
• DLG is a contractual arrangement where a fintech entity guarantees to compensate the
lender (bank or NBFC) for losses due to loan defaults up to a specified
percentage (typically up to 5%) of the loan portfolio.

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 Important Monthly Current Affairs Capsule – May 2025

Securities and Exchange Board of India likely to relax F&O position limits for structured
products and market-linked debentures (MLDs)
• Market Regulator Securities and Exchange Board of India (SEBI) is
considering exempting the proposed long delta end-of-day position limits in index
options specifically for structured products and market-linked debentures (MLDs).
Finance Minister Nirmala Sitharaman chairs review meeting of Public Sector General Insurance
Companies (PSGICs) in New Delhi
• Union Finance Minister Smt. Nirmala Sitharaman chaired a review meeting of Public
Sector General Insurance Companies (PSGICs) in New Delhi.
• Attendees included Secretary, Department of Financial Services (DFS) Shri M.
Nagaraju, Managing Directors of PSGICs (New India Assurance, United India Insurance,
Oriental Insurance, National Insurance), General Insurance Corporation of India
(Reinsurance), Agriculture Insurance Company of India Limited, and other
senior Finance Ministry officials.
ICRA projects 6–6.5% rise in power demand over the next five years
• India’s energy demand is expected to grow at a CAGR of 6–6.5% over the next five
years (FY26 to FY30), according to ratings agency ICRA.
Investor Education and Protection Fund Authority (IEPFA) Launches ‘NiveshakShivir’ Pilot
Initiative
• The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of
Corporate Affairs, in collaboration with SEBI, has launched a new pilot initiative
titled “NiveshakShivir”, to be held for the first time in Pune on June 1, 2025.
Raksha Mantri Approves Miniratna Category-I Status for Three Defence PSUs
• Raksha Mantri Shri Rajnath Singh has granted Miniratna Category-I status to Munitions
India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL), and India Optel
Limited (IOL).
• The Defence Minister acknowledged the management’s efforts in increasing turnover,
maximizing indigenization, and fulfilling other performance criteria required for the Miniratna
status.
Crisil Forecasts India’s GDP Growth at 6.5% in Fiscal 2026
• GDP Growth Outlook: Crisil projects India’s Gross Domestic Product (GDP) growth at
6.5% for FY 2026, supported primarily by improving domestic consumption and industrial
activity.

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 Important Monthly Current Affairs Capsule – May 2025

STATE NEWS
Madhya Pradesh Launches India’s First AI-Based Real-Time Forest Alert System
• Madhya Pradesh becomes the first Indian state to launch an AI-based real-time forest
monitoring system.
• The system uses a combination of satellite data, AI algorithms, and mobile field reports to
detect deforestation, land encroachment, and land use changes.
• It is currently being piloted in five forest divisions: Shivpuri, Guna, Vidisha, Burhanpur, and
Khandwa.
India’s First Inter-State Cheetah Corridor to Link Madhya Pradesh and Rajasthan
• In a major step towards wildlife conservation, India’s first inter-state cheetah corridor is set
to be developed across Madhya Pradesh and Rajasthan, spanning a total area of 17,000 sq
km.
• The initiative will connect Kuno National Park and Gandhi Sagar Sanctuary in Madhya
Pradesh with the Mukundara Hills Tiger Reserve in Rajasthan.
• This corridor aims to provide a safe and continuous passage for cheetahs, supporting the
broader goals of Project Cheetah, India’s mission to reintroduce the species.
Navi Mumbai to Host India’s First EduCity with Foreign University Campuses
• Maharashtra Chief Minister Devendra Fadnavis has announced the development of India’s
first EduCity in Navi Mumbai, aimed at hosting offshore campuses of prestigious global
universities.
• This initiative, in line with the National Education Policy 2020, seeks to integrate
international education institutions into India’s academic infrastructure.
Telangana Hosts Miss World 2025: A Global Showcase for Culture and Tourism
• Telangana will host the 72nd Miss World pageant from May 10 to 31, 2025, in Hyderabad,
featuring delegates from 120 countries and live broadcasts in over 150 nations.
• The state government is leveraging this global event to shine a spotlight on Telangana’s
tourism potential, cultural heritage, and investment opportunities in hospitality and
entertainment.
Tamil Nadu to Observe Traders Day on May 5
• Chief Minister M.K. Stalin has issued a Government Order to designate May 5 as Traders
Day, in recognition of the state’s trading community.
• Announced at a Chennai traders’ conference, this move is accompanied by a suite of
regulatory and financial reforms aimed at bolstering SMEs under Tamil Nadu’s inclusive
governance model.
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 Important Monthly Current Affairs Capsule – May 2025

Maharashtra Unveils ‘Adishakti Abhiyan’ on Ahilyabai Holkar’s 300th Birth Anniversary

• To honor the 300th birth anniversary of Ahilyabai Holkar, the Maharashtra government
has launched the Adishakti Abhiyan, a Rs 10.50 crore campaign aimed at strengthening
delivery of women’s and children’s welfare schemes.
• The initiative targets key social challenges at the grassroots level and seeks to
boost women’s participation in local governance.
Kerala Launches ‘Jyothi’ Scheme to Mainstream Education for Migrant Children
• Kerala has introduced the ‘Jyothi’ scheme to enrol children of migrant workers in public
schools and anganwadis, ensuring educational continuity, healthcare access, and social
inclusion despite frequent relocations.
Haryana Launches “Pandit Lakhmi Chand KalakarSamajik Samman Yojana” to Support Veteran
Artistes
• The Haryana government has introduced the Pandit Lakhmi Chand KalakarSamajik
Samman Yojana, a welfare initiative designed to provide monthly financial assistance to
elderly and economically disadvantaged artistes who have contributed significantly to the
state’s cultural heritage.
About Haryana:
• Chief Minister: Nayab Singh Saini
• Governor: Bandaru Dattatreya
• Capital: Chandigarh
• National Parks: Sultanpur National Park, Kalesar National Park
• Wildlife Sanctuaries: Bhindawas Wildlife Sanctuary, Kalesar Wildlife Sanctuary, Nahar Wildlife
Sanctuary

Uttar Pradesh Launches UP AGREES and AI Pragya with World Bank Support
• Chief Minister of Uttar Pradesh Yogi Adityanath, alongside World Bank President Ajay
Banga, inaugurated two flagship programmes—UP AGREES and AI Pragya—to
drive agricultural innovation and digital upskilling.
• These World Bank–backed initiatives aim to boost rural productivity
across Bundelkhand and Purvanchal and prepare 1 million youth for the AI-driven
economy.

Delhi Police Launches ‘Nayi Disha’ to Reintegrate School Dropouts

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 Important Monthly Current Affairs Capsule – May 2025

• The Delhi Police has rolled out ‘Nayi Disha – A Path Back to Learning’, a pioneering
community empowerment programme designed to bring school dropouts back into the
formal education system.
• By conducting door-to-door outreach and partnering with NGOs, schools, and social
workers, the initiative addresses the underlying causes of dropout and supports
disadvantaged children in resuming their studies.
Andhra Pradesh Government Waives Property Tax for Defence Personnel’s Homes in Villages
• Andhra PradeshDeputy Chief Minister Pawan Kalyan announced 100% property tax
exemption for residences of active defence personnel in gram panchayat areas.
• The announcement followed the martyrdom of Agniveer Murali Naik, a 23-year-old soldier
from Sri Sathya Sai district, during an operation in Jammu and Kashmir.
About Andhra Pradesh:
• Chief Minister: N. Chandrababu Naidu
• Governor: S. Abdul Nazeer
• Capital: Amaravati
• National Parks: Sri Venkateswara National Park, Papikonda National Park
• Wildlife Sanctuaries: Coringa Wildlife Sanctuary, Pulicat Lake Bird Sanctuary, Kambalakonda
Wildlife Sanctuary, Rollapadu Wildlife Sanctuary, Krishna Wildlife Sanctuary
Bihar Leads in Pradhan Mantri Formalisation of Micro Food Processing Enterprises
(PMFME)Scheme Implementation for FY 2024-25
• Bihar’s Industries Minister, Nitish Mishra, announced that under the Pradhan Mantri
Formalisation of Micro Food Processing Enterprises (PMFME)
scheme, 10,296 applicants received loan approvals in FY 2024-25.
• Of these, 6,589 units (63%) have had their loans disbursed—an achievement poised to boost
industry and employment in the state.
About Bihar:
• Capital: Patna
• Chief Minister: Nitish Kumar
• Governor: Arif Mohammed Khan
• National Parks: Valmiki National Park
• Wildlife Sanctuaries: Valmiki Wildlife Sanctuary, Bhimbandh Wildlife Sanctuary, Kanwar Lake
Bird Sanctuary, Udaypur Wildlife Sanctuary, Gautam Buddha Wildlife Sanctuary, Kaimur
Wildlife Sanctuary

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 Important Monthly Current Affairs Capsule – May 2025

Karnataka Government Greenlights B-Smile Special Purpose Vehicle for ₹7,000 Crore Bengaluru
Infrastructure Drive
• The Karnataka government has approved the formation of Bengaluru Smart Infrastructure
Ltd (B-Smile), a special-purpose vehicle with an initial corpus of ₹7,000 crore to execute
large-scale infrastructure projects across Bengaluru Urban district.
About Karnataka:
• Capital: Bengaluru
• Chief Minister: Siddaramaiah
• Governor: Thaawarchand Gehlot
• National Parks: Bandipur National Park, Nagarhole National Park, Kudremukh National Park,
Anshi (Kali) National Park, Bannerghatta National Park
• Wildlife Sanctuaries: Dandeli Wildlife Sanctuary, Bhadra Wildlife Sanctuary, Ranganathittu
Bird Sanctuary, Brahmagiri Wildlife Sanctuary, Pushpagiri Wildlife Sanctuary, Cauvery Wildlife
Sanctuary
Tamil Nadu Transfers ₹50 Crore Endangered Species Conservation Fund to AIWC
• The Tamil Nadu Forest Department has reassigned management of its ₹50 crore
Endangered Species Conservation Fund to the Advanced Institute of Wildlife Conservation
(AIWC), Vandalur.
• This change was prompted by the State Forest Development Agency (SFDA) being found
non-functional.
Background and Objectives
• Announced in 2024 with a corpus of ₹50 crore.
• Initially managed by SFDA; temporarily held by Tamil Nadu Power Finance Corporation or Tamil
Nadu Transport Development Finance Corporation.
• Aimed to survey, map, assess endangered species and build research – conservation
partnerships.
Tripura Launches Viksit Krishi Sankalp Abhiyan to Empower Farmers
• The Tripura government has launched the Viksit Krishi Sankalp Abhiyan from May 29 to
June 12, 2025, as part of a central initiative led by the Union Ministry of Agriculture.
• The campaign focuses on improving agricultural productivity and farmer welfare by promoting
awareness of government schemes and modern farming practices.
Objective:
• To increase agricultural productivity and output
• To reduce input costs and improve farmer incomes
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 Important Monthly Current Affairs Capsule – May 2025

• To spread awareness of state and centrally sponsored schemes

• To promote scientific agricultural techniques and innovations
Coverage and Duration:
• Campaign period: May 29 – June 12, 2025
• Implementation across all villages and gram panchayats in Tripura
Tamil Nadu Tops Central Fund Allocation for MGNREGS in FY26; Followed by Uttar Pradesh &
Bihar
• Tamil Nadu has emerged as the largest recipient of funds from the Central government under
the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the
current fiscal year (FY26), followed by Uttar Pradesh and Bihar (which is poll-bound).
• Fund Allocation (FY26 so far):
o Tamil Nadu: ₹2,900+ crore
o Uttar Pradesh: ₹2,100+ crore
o Bihar: ₹2,000 crore approx.
• Top 10 Recipients: Include Karnataka, despite being governed by the opposition.
• These allocations come amid political debates and allegations by opposition-ruled states over
the distribution of funds in Centrally Sponsored Schemes (CSS), including MGNREGS.
Expenditure Share Based on FY24 Data:
• Tamil Nadu: ~38% of total allocation
• Uttar Pradesh: ~22%
• Bihar: ~30%
Kerala CM Pinarayi Vijayan Launches ₹200 Crore ‘CIAL 2.0’ IT Infrastructure Project at Cochin
International Airport
• Kerala Chief Minister Pinarayi Vijayan inaugurated the ambitious ₹200 crore CIAL 2.0
project aimed at fully digitising operations at Cochin International Airport (CIAL), focusing on
artificial intelligence, automation, and enhanced cybersecurity.
• Project Objective:
To modernize and digitize airport operations to improve efficiency, security, and passenger
experience.
• Technological Upgrades under CIAL 2.0:
o Introduction of AI-enabled surveillance cameras (4,000 units) for enhanced security.
o Implementation of full-body scanners to replace physical pat-downs during security
checks.
o Automated tray retrieval system to accelerate cabin baggage screening.
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 Important Monthly Current Affairs Capsule – May 2025

o Upgrades to the airport’s bomb detection and disposal systems.

Telangana CM to Launch “Indira Soura Giri Jala Vikasam” for Tribal Irrigation
• Chief Minister Revanth Reddy will inaugurate the “Indira Soura Giri Jala Vikasam” scheme at
Macharam village, Nagarukurnool district, to empower 2.1 lakh tribal farmers by providing solar-
powered irrigation and developing six lakh acres of RoFR lands over the next five years.
• Outlay & Duration:
o ₹12,600 crore allocated for 2025-26 to 2029-30 on a 100% subsidy (saturation mode).
o Unit cost per installation: ₹6 lakh.
• Beneficiaries & Coverage:
o 2.1 lakh Scheduled Tribe farmers across Telangana.
o Development of six lakh acres titled under the Rights of Forests Records (RoFR) Act,
2006.
• RoFR Background:
o 2,30,735 STs have received RoFR title deeds, covering 6.69 lakh acres.
o Prior schemes provided irrigation to 23,886 ST farmers on 69,039 acres (₹141.57 crore).
Maharashtra Launches Policy to Promote Use of Artificial Sand (M-Sand)
• The Maharashtra government has introduced a new policy mandating the use
of manufactured sand (m-sand) in all government and semi-government construction projects.
• Approved by the state cabinet, this move is aimed at curbing illegal river sand mining and
promoting sustainable construction practices.
• Mandatory Adoption: Use of m-sand is compulsory in all construction projects backed
by government and semi-government agencies.
• Crusher Setup Expansion: Permission granted to install 50 crusher machines in each
district, totaling 1,500 across the state.
• Land Leasing: State land will be leased on a first-come, first-served basis to set up m-sand
production units.
Inland Waterways Authority of India (IWAI)Opens Srinagar Office to Boost Inland Waterways in
Jammu & Kashmir
• In a significant development aimed at enhancing water-based transportation, the Inland
Waterways Authority of India (IWAI) has opened a regional office in Srinagar, Jammu &
Kashmir.
• This move is part of a strategic initiative to promote sustainable development through inland
waterways in the Union Territory, fostering economic activity and eco-tourism.

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 Important Monthly Current Affairs Capsule – May 2025

• IWAI, in collaboration with the Government of Jammu and Kashmir, has taken steps to
develop inland navigation infrastructure along three National Waterways—Chenab,
Jhelum, and Ravi.
• The new regional office in Srinagar will serve as a hub for coordinating these efforts, aiming to
boost river transport and tourism in the region.
• Three National Waterways Identified:
o NW-26: River Chenab
o NW-49: River Jhelum
o NW-84: River Ravi
Mizoram Declared India’s First Fully Literate State
• Mizoram achieved the milestone of becoming the first state in India to attain 100%
literacy, as formally announced by Chief Minister Shri Lalduhoma in Aizawl.
• This success is attributed to the ULLAS – Nav Bharat SaakshartaKaryakram, which
mobilized volunteers, educators, and government agencies to educate every remaining non-
literate adult.
Gujarat’s Asiatic Lion Population Increases by 32% Since 2020
• The Gujarat Forest Department reported a significant 32% increase in the Asiatic lion
population over five years, reaching 891 lions in 2025.
• This growth highlights successful conservation efforts but also raises concerns about lion
movements into human settlements, posing challenges for coexistence.

Assam Introduces ‘Ankita’: India’s First AI News Anchor in Regional Language

• Assam Chief MinisterHimanta Biswa Sarma unveiled Ankita, an AI-powered virtual
anchor capable of delivering official updates in Assamese, marking India’s first use of a
regional-language AI news anchor to report on Cabinet proceedings.
Karnataka Cabinet Approves Renaming of Ramanagara District to ‘Bengaluru South’
• The Karnataka State Cabinet approved the renaming of Ramanagara
district as ‘Bengaluru South’.
• Ramanagara, located about 50 km from Bengaluru, will remain the district headquarters.
• The renamed Bengaluru South district will include Magadi, Kanakapura, Channapatna,
and Harohalli taluks.

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 Important Monthly Current Affairs Capsule – May 2025

Nagshankar Temple Designated Model Site for Turtle Conservation in Assam

• The Nagshankar Temple in Biswanath district, Assam, has been officially recognized as
a model temple for freshwater turtle conservation.
• MLA Padma Hazarika unveiled the designation on World Turtle Day (May 23, 2025) during
an event co-hosted by Kaziranga National Park, Assam State Zoo, DBT-NER Biotech Hub
Chaiduar College, the Turtle Survival Alliance (TSA) Foundation India, Aaranyak,
and Help Earth.

Uttar Pradesh to Invest ₹6,124 Crore in Ring Roads, Bypasses, and Flyovers in FY26
• The Uttar Pradesh government has approved an investment of ₹6,124 crore for the
construction of 62 projects—including ring roads, bypasses, and flyovers—across high-
density and heavy-traffic regions in the 2025–26 financial year.

Gujarat Achieves 100% Railway Electrification, Becomes 24th State/UT to Join India’s Green
Transport Mission
• Gujarat has reached a significant milestone by becoming the 24th State/Union Territory in
India to achieve 100% electrification of its railway network.
• Prime Minister Narendra Modi announced this achievement during the inauguration of
the Dahod Electric Locomotive Factory, marking a major step towards sustainable and
energy-efficient rail transport.
• Gujarat joined 23 other States/UTs with fully electrified rail routes.
Nagshankar Temple Recognized as Model for Turtle Conservation
• Nagshankar Temple in Biswanath district, Assam, was officially designated a model
temple for turtle conservation during a special World Turtle Day event.
• This recognition highlights the temple’s exemplary efforts in protecting 13 species of
freshwater turtles and engaging the local community in conservation.
Tata Advanced Systems & Airbus to Establish India’s First Private Helicopter Assembly Plant in
Karnataka
• Tata Advanced Systems Ltd (TASL) and Airbus are set to build India’s first privately-led
helicopter Final Assembly Line (FAL) at Kolar district, Karnataka, marking a significant
boost to the country’s aerospace manufacturing under the Make in India initiative.

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 Important Monthly Current Affairs Capsule – May 2025

Aizawl Linked to National Rail Network via 51.38 km Bairabi–Sairang Line

• Mizoram’s capital, Aizawl, has been officially connected to the Indian railway network through
the Bairabi–Sairang New Line, a ₹5,021 crore project featuring 48 tunnels and a 104 m tall
bridge, marking a transformative leap in Northeast connectivity.
Atal Network for Knowledge, Urbanization and Reform (ANKUR) Launched to Drive Viksit
Odisha’s Urban Transformation
• The Housing and Urban Development Department of Odisha launched ANKUR—the Atal
Network for Knowledge, Urbanization and Reform—to catalyse inclusive, sustainable, and
innovative urban growth across the state.
• Six MoUs were signed with leading institutions to support this mission.

APPOINTMENTS & RESIGNATION

Mark Carney continues as Prime Minister of Canada following his party’s win in General
Elections
• Mark Carney, a former banker and political newcomer, led the Liberal Party to a strong
electoral performance and will continue as Prime Minister of Canada.
• The Liberal Party is currently leading in 168 seats in the House of Commons, just shy of
the 172 required for a majority. Final vote counting is still underway.
• Conservative Party leader Pierre Poilievre conceded defeat after a tightly contested race
that saw both parties running close in the polls leading up to election day.
• If the Liberals do not reach the 172-seat threshold, they may need to form a minority
government, as was the case under Justin Trudeau in 2021.
About Canada:
• Capital: Ottawa
• Currency: Canadian Dollar (CAD)
• Prime Minister: Mark Carney
• Monarch (Head of State): King Charles III
Kamla Persad-Bissessar Serves Second Term as Prime Minister of Trinidad and Tobago
• Kamla Persad-Bissessar will be the next Prime Minister of Trinidad and Tobago.
• Her party United National Congress has won the parliamentary election of the twin-island
Caribbean nation.
• The victory marks a remarkable comeback for 73-year-old Persad-Bissesar who previously
served as Prime Minister from 2010-2015.
• She is the only woman ever to have led the Caribbean country.
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 Important Monthly Current Affairs Capsule – May 2025

• The snap election was triggered after the former Prime Minister Keith Rowley of People’s
National Movement resigned amid a surge in the cost of living, Trump’s trade wars and
soaring crime rates.
About Trinidad and Tobago:
• Capital: Port of Spain
• Currency: Trinidad and Tobago Dollar (TTD)
• President: Christine Kangaloo
• Prime Minister: Kamla Persad-Bissessar
Government Revamps National Security Advisory Board
• The Union Government has reconstituted the National Security Advisory Board (NSAB),
appointing former RAW chief Alok Joshi as its new head.
• The board now has seven members, including retired officials from the armed
forces, Indian Police Service (IPS), and Indian Foreign Service (IFS).
Other Appointments:
• Newly inducted members include:
• Air Marshal P.M. Sinha (former Western Air Commander)
• Lt. General A.K. Singh (former Southern Army Commander)
• Rear Admiral Monty Khanna
• Rajiv Ranjan Verma and Manmohan Singh (retired IPS officers)
• Venkatesh Varma (former diplomat)
• This move follows a terrorist attack in Pahalgam, Jammu and Kashmir, which killed 26
civilians (including one Nepalese national) and injured several others.
• In response, Prime Minister Narendra Modi chaired a Cabinet Committee on Security
(CCS) meeting at his residence, reviewing the situation and India’s strategic response.
Sunil Bharti Mittal Joins New Members in World Bank’s Investment Lab Initiative
• The World Bank has inducted Sunil Mittal, Chairman of Bharti Enterprises, into the
Private Sector Investment Lab.
• Other inductees include:
• Bill Anderson (CEO, Bayer AG)
• Aliko Dangote (CEO, Dangote Group)
• Mark Hoplamazian (CEO, Hyatt Hotels)
• These leaders are part of the next phase of the Lab’s operations.
• Purpose of the Private Sector Investment Lab:The Lab’s objective is to implement scalable
solutions that aim to boost private sector investments in developing economies.
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 Important Monthly Current Affairs Capsule – May 2025

• A key focus of the Lab is to enhance job creation in these regions.

Former Cricketer Kapil Dev Appointed as Brand Ambassador of Sobo Mumbai Falcons for T20
Mumbai League
• Kapil Dev, former cricketer and captain of India’s 1983 World Cup-winning team, has been
unveiled as the official brand ambassador of Sobo Mumbai Falcons.
• This partnership highlights the franchise’s commitment to excellence, legacy, and the
cricketing spirit of Mumbai.
• Kapil Dev’s leadership is seen as crucial for guiding the team through its debut season.
• His reputation as a World Cup-winning captain will help inspire players and fans, setting new
benchmarks of excellence for the team.
• Omkar Salvi, known for his expertise in player development, has been appointed as the head
coach of Sobo Mumbai Falcons.
• Salvi, who is also the bowling coach of Royal Challengers Bangalore (RCB) and head coach
of Mumbai’s senior men’s team, will help the team build a competitive squad.
• Vikrant Yeligeti has been appointed as the team principal, playing a key role in steering the
franchise towards growth and success.
• The third edition of the T20 Mumbai League will take place from 26 May to 8 June at the
Wankhede Stadium.
• Eight teams will compete in the league across 20 matches.
• The tournament will showcase Mumbai’s cricketing depth and emerging talent.
• All matches of the T20 Mumbai League will be broadcast live on Jio Hotstar and Star Sports.
Senior IPS Officer, Deven Bharti Named New Commissioner of Police for Mumbai
• Deven Bharti, a 1994-batch IPS officer, was appointed as the new Commissioner of Police
for Mumbai on April 30, 2025.
• He will take charge from Vivek Phansalkar, who is retiring after 35 years of service.
• Vivek Phansalkar, the incumbent Mumbai Police Commissioner, is retiring after 35 years of
service in the police force.
• The post of Mumbai Police Commissioner has been downgraded to the rank of Additional
Director General of Police (ADGP).
• Previously, the post was upgraded to the DG rank in certain instances, but the current
appointment reflects the ADGP rank.
About Deven Bharti :
• Deven Bharti has held several important positions in the Mumbai police force, including:
o Joint Commissioner of Police (Law and Order)
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 Important Monthly Current Affairs Capsule – May 2025

o Additional Commissioner of Police (Crime)

o Deputy Commissioner of Police (Crime)
• He also served as the Head of the Maharashtra Anti-Terrorism Squad (ATS) and as the
Inspector General of Police (Law and Order) at the state police headquarters.
• Before his Mumbai posting, Bharti had served on central deputation in various capacities.
• Known for his investigative expertise, Bharti has been involved in several high-profile cases,
including the 26/11 Mumbai terror attacks, where 166 people were killed.
N Saravana Kumar Appointed as Vice Chairman of Delhi Development Authority
• Senior IAS officer N Saravana Kumar took charge as the Vice Chairman of Delhi
Development Authority (DDA) on May 1, 2024.
About N Saravana Kumar:
• Kumar is a 2000-batch IAS officer from the Bihar cadre.
• Prior to joining DDA, Kumar served as the Principal Secretary in Bihar’s Department of
Food and Consumer Protection.
• Kumar’s leadership comes at a pivotal time as the Delhi Master Plan 2041 is being finalized,
which will guide the capital’s development over the next two decades.
About DDA:
• Headquarters: New Delhi, India
• Chairman: Vinai Kumar Saxena
• It is a statutory body established under the Delhi Development Act, 1957, under the
jurisdiction of the Ministry of Housing and Urban Affairs, Government of India, to
“promote and secure the development of Delhi“.
Rajiv Anand, Deputy MD of Axis Bank, emerges as top contender for IndusInd Bank CEO
position
• Rajiv Anand, Deputy MD of Axis Bank and a frontrunner for the CEO role at IndusInd
Bank.
• He has a capital market background and is a Chartered Accountant.
• He has managed retail, wholesale, and derivatives segments.
• Anand is set to retire from Axis Bank on August 3, 2025, but will continue as Non-Executive
Chairman of Axis Life Insurance.
• Sumant Kathpalia resigned as Managing Director (MD) and CEO of IndusInd
Bank on April 29, 2025.
• Reason: He took moral responsibility for discrepancies in the bank’s derivatives portfolio.
• The issue is described as an accounting problem, not a fraud.
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 Important Monthly Current Affairs Capsule – May 2025

• The discrepancies could impact the bank’s balance sheet by ₹2,000 crore.
Sanjay Khanna Takes Over as Chairman and Managing Director (CMD) of BPCL After G.
Krishnakumar’s Tenure Ends on April 30, 2025
• Sanjay Khanna assumed additional charge as the Chairman and Managing Director
(CMD) of BPCL, following the end of Krishnakumar’s tenure on April 30, 2025.
• He was serving as Director (Refineries) at BPCL before taking the additional charge.
• Khanna has previously headed BPCL’s Kochi and Mumbai refineries and played a key role
in significant refinery projects.
About Sanjay Khanna:
• Khanna anchored several prestigious projects for setting up new process units in refineries
at Mumbai, Kochi, and Numaligarh.
• As Executive Director of Kochi Refinery, he played a key role in commissioning BPCL’s
first niche petrochemical project—the Propylene Derivative Petrochemical Project.
• Khanna serves on the boards of Bharat PetroResources Ltd and Ratnagiri Refinery and
Petrochemicals Ltd.
• He also chairs the Technical Committee for Petroleum Refineries under the Ministry of
Petroleum and Natural Gas (MoPNG).
• BPCL currently accounts for 35 million tonnes of India’s total refining capacity of 250
million tonnes per annum.
Former IAS Officer Neeraj Kumar Gupta Appointed as Chairman and Public Interest Director of
NSE International Exchange
• Neeraj Kumar Gupta, a former IAS officer, has been appointed as Chairman and Public
Interest Director (PID) of NSE International Exchange (NSE IX).
• The International Financial Services Centres Authority (IFSCA) has approved his
appointment to the Governing Board of NSE IX, effective from April 1, 2025.
• Neeraj Kumar Gupta retired as Secretary, Ministry of Finance (Department of Investment
& Public Asset Management) in 2018.
• He was re-appointed by the President of India as Central Information Commissioner of
India and completed his tenure in 2023.
About NSE International Exchange (NSE IX):
• NSE IX is an international stock exchange set up by the National Stock Exchange of India
(NSE).
• It is located at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat.

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 Important Monthly Current Affairs Capsule – May 2025

India Nominates M. Revathi for Director Role at International Telecommunication Union’s

Radiocommunication Bureau
• India has nominated M. Revathi, Joint Wireless Advisor at the Department of
Telecommunications (DoT), as its candidate for the Director of the Radiocommunication
Bureau at the International Telecommunication Union (ITU).
• This is India’s most significant bid in decades to influence global radio spectrum
governance.
• If elected, Revathi would become:Thefirst woman to lead the Radiocommunication
Bureau.
• The first representative from ITU Regions E (Asia/Australasia) and D (Africa) to hold this
position.
• India’s leadership in global telecom was also highlighted by its successful hosting of
the World Telecommunication Standardization Assembly (WTSA) in October
2024 in New Delhi.
About the ITU:
• The International Telecommunication Union (ITU) is a specialized UN agency based
in Geneva, Switzerland.
• ITU plays a key role in ensuring that the world’s communication systems work together in a
manner that is safe, secure, and fair.
• ITU was established in 1865 and is the oldest agency in the UN family, connecting the world
since the invention of the telegraph.
• ITU’s Membership:ITU has a membership of 194 Member States and more than 1,000
companies, universities, and international/regional organizations.
• ITU operates regional offices across every continent.
Air Marshal Nagesh Kapoor Assumes Role as Air Officer Commanding-in-Chief of South
Western Air Command (SWAC)
• Air Marshal Nagesh Kapoor took charge as Air Officer Commanding-in-Chief (AOC-in-
C) of the South Western Air Command (SWAC).
• He succeeded Air Marshal Narmdeshwar Tiwari, who is set to take charge as the Vice
Chief of the Air Staff on May 2.
• The South Western Air Command (SWAC) is headquartered in Gandhinagar, Gujarat.
• Prior to taking charge of SWAC, he served as AOC-in-C, Training Command.
About Air Marshal Nagesh Kapoor:
• Graduated from the National Defence Academy (NDA) in December 1985.
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 Important Monthly Current Affairs Capsule – May 2025

• He was commissioned into the Indian Air Force (IAF) on December 6, 1986.
• Flying Experience:A highly experienced fighter pilot with more than 3,400 flying hours.
• Has flown all variants of MiG-21 and MiG-29
• Operational Experience:Commanded a fighter squadron in the central sector.
• Served as station commander of a flying base in the western sector.
• Served as Air Officer Commanding of a premier air base.
• Served as Chief Instructor (Flying) at the Air Force Academy, where he played a key role
in the induction and operationalization of PC-7 MK II aircraft in the Indian Air Force.
Lieutenant General Pratik Sharma assumes charge as Commander of Indian Army’s Northern
Command
• Lieutenant General Pratik Sharma assumed the role of General Officer Commanding-in-
Chief (GOC-in-C) of the Indian Army’s Northern Command.
About Lieutenant General Pratik Sharma :
• An alumnus of National Defence Academy (NDA), Khadakwasla, Indian Military Academy
(IMA), Dehradun, and Defence Services Staff College, Wellington.
• Commissioned into the MADRAS Regiment in December 1987.
• Operational Experience:Commanded an Infantry Battalion, Brigade, and Division along
the Line of Control (LoC).
• Commanded a Strike Corps in the Western Sector.
• Staff and Instructional Roles:Held varied staff and instructional roles, including being a staff
officer in the UN Mission.
• Appointed in key positions at Military Operations Directorate and Military Secretary
Branch at Army Headquarters.
• Served as Director General of Military Operations and Deputy Chief of Army Staff
(Strategy).
Shri Arvind Shrivastava Assumes Office as Revenue Secretary in the Ministry of Finance
• Shri Arvind Shrivastava took charge as the Secretary of the Department of
Revenue, Ministry of Finance on 18th April 2025.
• His appointment was approved by the Appointments Committee of the Cabinet.
About Shri Arvind Shrivastava :
• He is a 1994-batch IAS officer of the Karnataka cadre.
• Prior to this role, he served as Joint Secretary and Additional Secretary in the Prime
Minister’s Office (PMO).
• Previous Roles:
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 Important Monthly Current Affairs Capsule – May 2025

• Joint Secretary in the Budget Division of the Department of Economic Affairs, Ministry of
Finance.
• Development Officer at the Asian Development Bank.
• Secretary in the Finance Department and Urban Development Department in Bengaluru.
• Managing Director at the Urban Infrastructure Development & Finance Corporation in
Karnataka.
About Ministry of Finance :
• Cabinet Minister :Nirmala Sitharaman
• Minister of State :Pankaj Choudhary
Financial Services Institutions Bureau Proposes Sanjay Joshi for Chairman and Managing
Director Role at Oriental Insurance Company Limited
• The Financial Services Institutions Bureau (FSIB) has recommended Sanjay Joshi for
the post of Chairman-cum-Managing Director (CMD) of Oriental Insurance Company
Limited (OICL).
• The CMD post became vacant after R R Singh retired at the end of February 2025.
• Amit Misra, who is the Executive Director, was appointed as acting CMD of OICL for three
months starting from 1 March 2025.
• Sanjay Joshi is currently serving as a General Manager at United India Insurance
Company.
• Joshi is a 1989-batch direct recruit officer with over 30 years of experience in the general
insurance sector.
• He has worked as a branch head and divisional head in various regional
offices throughout his career.
About Oriental Insurance Company Limited :
• Founded : 12 September 1947
• Headquarter : New Delhi, India
Poonam Gupta Appointed as Deputy Governor of Reserve Bank of India
• Poonam Gupta took over as the Deputy Governor of the Reserve Bank of India
(RBI) on April 2, 2025.
• Her tenure will be for a period of three years or until further orders, whichever is earlier.
• As Deputy Governor, Dr. Gupta will oversee the following departments:
• Monetary Policy Department
• Financial Markets Operations Department
• Department of Economic and Policy Research
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 Important Monthly Current Affairs Capsule – May 2025

• Financial Stability Department

• International Department
• Department of Statistics and Information Management
• Corporate Strategy and Budget Department
• Department of Communication
• Gupta is the fourth woman to be appointed as Deputy Governor of RBI, following KJ
Udeshi, Shyamala Gopinath, and Usha Thorat.
About Dr. Poonam Gupta :
• Prior to this appointment, she was the Director General of the National Council of Applied
Economic Research (NCAER), where she led research on economic growth
• She served as a member of the Economic Advisory Council to the Prime Minister and
was the Convener of the Advisory Council to the 16th Finance Commission.
• Before joining NCAER, Dr. Gupta held senior positions for nearly two decades at both
the International Monetary Fund (IMF) and the World Bank.
Gyaneshwar Kumar Singh Appointed as Director General and Chief Executive Officer of Indian
Institute of Corporate Affairs (IICA)
• Shri Gyaneshwar Kumar Singh has been appointed as the new Director General and
Chief Executive Officer of the Indian Institute of Corporate Affairs (IICA), a think
tank under the Ministry of Corporate Affairs, Government of India.
• He is a distinguished officer of the Indian Post & Telecommunication Accounts and
Finance Service (IP&TAFS).
About Indian Institute of Corporate Affairs (IICA):
• Established: 2008
• Location: Manesar, Gurugram, Haryana
Australia’s Prime Minister Anthony Albanese Secures a Second Three-Year Term
• Australian Prime Minister Anthony Albanese led the Labor Party to a landslide victory in
the 2025 general elections.
• This victory secured a second consecutive term for Albanese, marking the first back-to-
back win for any Australian PM in over two decades.
• Peter Dutton, leader of the Liberal-National Coalition, lost his parliamentary seat in the 2025
election.
• Albanese’s success is seen as a rejection of the conservative Liberal-National
Coalition led by Peter Dutton.

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 Important Monthly Current Affairs Capsule – May 2025

• The victory ensures political stability by continuing the Labor Party’s governance into a
second term.
• The win endorsed core election themes of fairness and opportunity supported by the
Australian electorate.
About Australia :
• Capital :Canberra
• Currency :Australian dollar
Government abruptly ends Krishnamurthy V Subramanian’s tenure as IMF Executive Director,
shortening it by six months
• The Indian government unexpectedly terminated the services of Krishnamurthy V
Subramanian as Executive Director, India, at the International Monetary Fund (IMF),
cutting his term short by about six months.
• The termination was approved by the Appointments Committee of the Cabinet and came
into effect immediately as per the order dated April 30, from the Department of Personnel
and Training.
About Krishnamurthy V Subramanian :
• Krishnamurthy Subramanian assumed the role of IMF Executive Director in November
2022 for a three-year tenure.
• Prior to his appointment at the IMF, he was the 17th Chief Economic Adviser of
India from 2018 to October 2021.
• He represented India and the three other countries (Bangladesh, Sri Lanka, and Bhutan) at
the IMF.
About IMF Executive Board:
• The IMF Executive Board has 25 directors (Executive Directors or EDs), representing
countries or groups of countries.
• India is part of a four-country constituency along with Bangladesh, Sri Lanka,
and Bhutan.
Singapore Prime Minister Lawrence Wong’s People’s Action Party Wins General Elections with
Landslide Victory
• The People’s Action Party (PAP), led by Prime Minister Lawrence Wong, secured a
landslide victory in the 2025 General Election, winning 87 out of 97 seats.
• PAP received 66.57% of the 2,386,452 valid votes, an increase from 61.24% in the 2020
General Election, highlighting public support for the party.

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 Important Monthly Current Affairs Capsule – May 2025

• This election marked the first time Lawrence Wong led PAP in a national election as
Prime Minister, following the leadership transition after Lee Hsien Loong’s tenure.
• The Workers’ Party (WP), the strongest opposition party, retained 10 parliamentary seats
despite PAP’s overwhelming victory.
• The PAP has ruled Singapore since its independence in 1965.
• This election marked Singapore’s 14th General Election since independence and the 19th
overall since the first election in 1948.
About Singapore:
• Capital: Singapore
• Currency: Singapore Dollar (SGD)
• President: Tharman Shanmugaratnam
• Prime Minister: Lawrence Wong
Central Bureau of Investigation Director Praveen Sood Expected to Receive One-Year Extension
as Selection Panel Fails to Reach Agreement
• Praveen Sood is set to receive a one-year extension as Central Bureau of Investigation
(CBI) Director due to a lack of consensus in the selection committee on appointing a new
Director.
• The selection panel is headed by Prime Minister Narendra Modi, with Chief Justice of India
(CJI) Sanjiv Khanna and Leader of Opposition (LoP) Rahul Gandhi as members.
• The panel met on May 5, 2025, at the Prime Minister’s Office.
• The Department of Personnel and Training (DOPT) will issue the official notification
regarding the extension of Praveen Sood’s tenure.
• As per law, a CBI Director can receive an extension of up to one year.
About Praveen Sood :
• Praveen Sood is a 1986-batch IPS officer of the Karnataka cadre and previously served as
the Director General of Police (DGP) in Karnataka before being appointed CBI Director.
• He took over as CBI Director on May 25, 2023.
About CBI :
• Formed : 1963 through Delhi Special Police Establishment Act, 1946
• Headquarters : New Delhi, India
• It operates under the jurisdiction of the Ministry of Personnel, Public Grievances and
Pensions.

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 Important Monthly Current Affairs Capsule – May 2025

World Bank Executive Director Parameswaran Iyer Appointed as India’s Representative on

International Monetary Fund Board
• Parameswaran Iyer, an executive director at the World Bank, has been temporarily
appointed as India’s nominee director on the International Monetary Fund (IMF)
• His appointment is in light of the vacancy left by K.V. Subramanian‘s termination as India’s
executive director at the IMF.
• Reason for Iyer’s Nomination:The vacancy occurred when V. Subramanian‘s term as
the IMF executive director was terminated six months early (effective April 30, 2025).
• The IMF Executive Board meeting on May 9, 2025, will discuss critical issues such as a $1.3
billion loan under the climate resilience programme and the first review of a $7 billion
bailout package for Pakistan.
About IMF Executive Board Structure:
• The IMF Executive Board consists of 25 executive directors (EDs) elected by member
countries or groups of countries.
• India is part of a four-country constituency at the IMF, alongside Bangladesh, Sri Lanka,
and Bhutan.
Berkshire Board Appoints Greg Abel as Chief Executive Officer, Warren Buffett to Stay on as
Chairman
• Greg Abel has been appointed as the new Chief Executive Officer (CEO) of Berkshire
Hathaway Inc., effective January 1.
• The decision was made following Warren Buffett’s recommendation, and it was unanimously
approved by Berkshire’s board of directors.
• As CEO, Abel will oversee nearly 400,000 employees across Berkshire’s wide range of
businesses, which include manufacturing, retail, finance, and a massive stock portfolio.
• Buffett will remain as Chairman of the Board after stepping down as CEO.
About Greg Abel :
• Greg Abel is a 62-year-old Canadian executive, known for being one of Buffett’s top
lieutenants for years.
• Abel has been overseeing various businesses, including BNSF railroad, See’s
Candies, Dairy Queen, and other manufacturing and retail businesses owned by Berkshire
Hathaway.
• Prior to this, he managed a diverse portfolio of companies under the Berkshire umbrella,
making him highly experienced for the role.
About Berkshire Hathaway Inc :
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 Important Monthly Current Affairs Capsule – May 2025

• Founded : 1839
• Headquarters :Nebraska, United States
Shri Prakash Magdum Takes Over as Managing Director of National Film Development
Corporation
• Shri Prakash Magdum,1999-batch Officer of the Indian Information Service has assumed
charge as the Managing Director (MD) of the National Film Development Corporation
(NFDC).
About Shri Prakash Magdum :
• Prior to his appointment as MD of NFDC, Shri Magdum served as the Additional Director
General of the Press Information Bureau (PIB) and Central Bureau of Communication
(CBC) in Ahmedabad.
• He also served as the Director of the National Film Archive of India (NFAI) in Pune, where
he played a key role in preserving, conserving, digitizing, and restoring India’s cinematic
heritage through the National Film Heritage Mission.
• He has also held the position of Registrar at the Film and Television Institute of India
(FTII).
• He served as a spokesperson for the Ministry of Defence in Thiruvananthapuram.
About National Film Development Corporation :
• Founded : 1975
• Headquarters : Mumbai, Maharashtra,India
Romanian Prime Minister Resigns, Exits Coalition Following Nationalist Party’s Election Victory
• Romanian Prime Minister Marcel Ciolacu resigned and the Social Democrat Party
(PSD) left the government following the victory of right-wing nationalist candidate George
Simion in the first round of the presidential election.
• Election Results:George Simion, leader of the Alliance for the Unity of Romanians
(AUR), won 40.96% of the vote.
• Nicusor Dan, the Bucharest Mayor and reformist candidate, secured 20.99% of the vote.
About Romania :
• President : Ilie Bolojan
• Capital : Bucharest
• Currency : Romanian leu (RON)
Conservative Leader Friedrich Merz Elected as Germany’s New Chancellor
• Friedrich Merz has been elected as the new Chancellor of Germany after securing a
majority in the second round of voting in the Lower House of Parliament.
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 Important Monthly Current Affairs Capsule – May 2025

• 325 out of 630 lawmakers voted in favor of Merz in the second round, surpassing the
necessary threshold of 316 votes.
• Merz had only 310 votes in the first round, which was a setback to his prestige and
an unprecedented failure in post-war German history.
• Prime Minister Narendra Modi congratulated Merz and expressed eagerness to work
together to strengthen the India-Germany Strategic Partnership.
About Germany :
• President : Frank-Walter Steinmeier
• Capital : Berlin
• Currency : Euro

Mikaela Cojuangco Jaworski Named Chair of Coordination Commission for Brisbane 2032
• Mikee Cojuangco-Jaworski has been appointed as the Chair of the International Olympic
Committee (IOC) Coordination Commission for the 2032 Olympic Games in Brisbane,
Australia.
About Mikee Cojuangco-Jaworski :
• Cojuangco-Jaworski is a former equestrian athlete who represented the Philippines
• She has been a member of the IOC Executive Board (EB) since 2020.
• The previous chair, Kirsty Coventry, became the first female IOC President and will take
over from Thomas Bach in late June.
First American Pontiff Elected: Cardinal Prevost Becomes Pope Leo XIV,
• The College of Cardinals elected American Cardinal Robert Francis Prevost as the 267th
pope, who took the name Leo XIV.
• His election—following the death of Pope Francis on April 21—marks the first time a U.S.
prelate has risen to lead the Roman Catholic Church, and unites over 4 billion
Catholics under a new era of leadership.
Ajoy Chawla to Succeed C.K. Venkataraman as Titan’s MD from January 2026
• Titan Company Ltd. has announced the appointment of Ajoy Chawla, the head of its
jewellery division, as the new Managing Director, starting January 1, 2026.
• This change comes as the current MD, K. Venkataraman, prepares for retirement at the end
of 2025.
Government Removes Solar Energy Corporation Chairman Rameshwar Prasad Gupta Ahead of
Term Completion

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 Important Monthly Current Affairs Capsule – May 2025

• The Indian government removed Rameshwar Prasad Gupta, the chairman of Solar Energy
Corporation of India (SECI), with immediate effect, just over a month before the scheduled
end of his tenure.
• Rameshwar Prasad Gupta, a former top bureaucrat at India’s Environment Ministry, was
appointed SECI Chairman in June 2023. His tenure was set to end in June 2025.
• Reason for Dismissal:Thegovernment did not provide a reason for Gupta’s dismissal, and
he declined to comment on the matter.
About Rameshwar Prasad Gupta :
• R.P. Gupta is an Indian Administrative Services (IAS) officer from the 1987 batch of
the Gujarat Cadre.
• He was appointed Chairman and Managing Director (CMD) of Solar Energy Corporation
of India (SECI) in June 2023, after retiring as Secretary at the Ministry of Environment,
Forest and Climate Change in 2021.
About SECI :
• Founded : 9 September 2011
• Headquarters : New Delhi, India
• The SECI is a public sector company of the Ministry of New and Renewable Energy,
Government of India, established to facilitate the implementation of the National Solar Mission
(NSM).

Ministry of New & Renewable Energy Secretary Assigned Additional Charge as Solar Energy
Corporation of India Chairman & Managing Director
• R K Gupta, the Chairman & Managing Director (CMD) of the Solar Energy Corporation of
India (SECI), was terminated by the government, and Santosh Kumar Sarangi, Secretary
of the Ministry of New & Renewable Energy (MNRE), has been given the additional
charge of SECI CMD.
• R K Gupta, a former IAS officer from the Gujarat cadre, took charge as SECI CMD in June
2023, with a tenure set to end in June 2025.
Vineet Mahajan Appointed as Chief Financial Officer of Kuhoo Finance
• Vineet Mahajan has been appointed as the Chief Financial Officer (CFO) of Kuhoo
Finance.
• Strengthening financial governance frameworks and ensuring compliance with RBI
regulations.
• Enhancing real-time financial reporting and fund utilization tracking
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 Important Monthly Current Affairs Capsule – May 2025

About Vineet Mahajan :

• Vineet brings over 25 years of experience in the banking, financial services, and
insurance (BFSI) sector, with expertise in finance, strategy, and education lending.
• He has worked with leading institutions like Aavas Financiers, Edelweiss, and Deutsche
Postbank Home Finance, with a notable tenure as CFO at a leading education loan NBFC.
Bandhan Bank Appoints DK Das as Head of Digital Transformation and Excellence Unit
• Bandhan Bank appointed Dibyendu Kumar Das (DK Das) as Senior Executive Vice
President and Head of the Digital Transformation and Excellence Unit.
• This appointment aligns with Bandhan 2.0 vision, focusing on digital
innovation and operational excellence.
About DK Das :
• DK Das brings over three decades of experience in banking and information technology.
• Previous leadership roles include positions at Axis Bank, Tata Consultancy
Services, Siemens Nixdorf Information Systems, and Tata Elxsi.
• At Axis Bank, Das was Executive Vice President and Country Head for Government and
Institution Business, leading digital transformation and driving business growth.
About Bandhan Bank :
• Founded : 23 August 2015
• Headquarters : Kolkata, West Bengal, India
• MD &CEO : Partha Pratim Sengupta
HCL Technologies Names Kiran Cherukuri as Global GCC Practice Leader
• HCL Technologies (HCLTech) has appointed Kiran Cherukuri as the Global GCC Practice
Leader.
• In this role, he will be responsible for scaling HCLTech’s Global Capability Center (GCC)
practice.
• His focus will be on delivering specialized offerings that utilize HCLTech’s services,
technology portfolio, and corporate function capabilities.
• GCCs (Global Capability Centers) are key strategic units for global organizations to drive
business operations, innovation, and digital transformation.
LIC Nominee Director, Raj Kumar Steps Down from IDBI Bank Board
• Raj Kumar, the LIC Nominee Director, has ceased to hold his position on the Board of IDBI
Bank with effect from May 18, 2025.

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 Important Monthly Current Affairs Capsule – May 2025

• His departure is due to the completion of his term as per the official statement by IDBI Bank in
a regulatory filing.
• LIC (Life Insurance Corporation) and the Government of India are the major
promoters of IDBI Bank, collectively holding 94.71% stake.
• Among promoters, LIC holds about 49%, while the government holds 45.48% shares in IDBI
Bank.
Anurag Bhushan Named India’s New Envoy to Sweden
• Anurag Bhushan, a 1995 batch Indian Foreign Service (IFS) officer, has been appointed as
the next Ambassador of India to the Kingdom of Sweden.
• Currently, he is serving as Additional Secretary in the Ministry of External Affairs (MEA),
heading the Emigration Policy and Welfare (EP&W) Division.
• His posting to Stockholm is considered important due to the growing ties between India and
Sweden in the areas of innovation, sustainability, and education.
• He served as Regional Passport Officer (RPO) between 2010 and 2013, showcasing
his administrative acumen.
HPE India names Bhawna Agarwal as Senior Vice President and Managing Director
• Hewlett Packard Enterprise (HPE) has appointed Bhawna Agarwal as the Senior Vice
President (SVP) and Managing Director (MD) of HPE India, effective immediately.
• Bhawna Agarwal will report to Heiko Meyer, who is the Executive Vice President and Chief
Sales Officer.
• She succeeds Som Satsangi, who is retiring after more than 27 years of service at HPE.
• Som Satsangi will remain with HPE until July 2025. He became the Managing Director of HPE
India in 2016.
• Bhawna Agarwal joined HPE in 2019, initially to lead the Compute Business Unit and Growth
team.
Ex-Defence Secretary Ajay Kumar named as new Union Public Service Commission Chairman
• Ajay Kumar, former Defence Secretary, has been appointed as Chairman of the UPSC
(Union Public Service Commission).
• The appointment was made official by the Union Personnel Ministry and cleared by
President Droupadi Murmu.
• The UPSC chairman post fell vacant after the tenure of Preeti Sudan ended on April 29,
2025.
About UPSC:

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 Important Monthly Current Affairs Capsule – May 2025

• The UPSC conducts the Civil Services Examination for recruitment to services like IAS, IFS,
IPS, etc.
• UPSC is headed by a Chairman and can have up to 10 members.
• Currently, there are two vacant member posts in the commission.
• The term of a UPSC chairman is for 6 years or until reaching the age of 65 years, whichever
is earlier.
Harvansh Chawla Named Chairman of BRICS Chamber of Commerce & Industry
• Harvansh Chawla appointed as Chairman of BRICS Chamber of Commerce & Industry.
• As Chairman, he will lead policy advocacy, facilitate high-level trade delegations, and
promote collaboration in sectors such as technology, manufacturing, and agriculture.
• He is a lawyer and expert in international trade law with over 30 years of experience.
• Has served as legal advisor to global corporations like Northrop Grumman, Singapore
Airlines, Denso Corporation, and Alcatel.
Dr Manoj Kumar Jhawar assumes charge as full-time Chairman and Managing Director of PTC
India Limited
• Dr Manoj Kumar Jhawar has officially taken over as the Chairman and Managing Director
(CMD) of PTC India Limited, effective May 13.
• His appointment was approved by the company’s Board on April 26.
• Dr Jhawar had been holding the additional charge of CMD since June 13, 2024, and will
continue until his superannuation at the age of 60.
Indian-origin Anita Anand takes oath as Canada’s new Foreign Minister
• Anita Anand, 58, has been sworn in as Canada’s new Foreign Minister in a Cabinet
reshuffle by Prime Minister Mark Carney.
• Anand took the oath of office with her hand on the Bhagavad Gita, a tradition she follows
for cabinet appointments.
• She previously served as Defence Minister from 2021 to 2023.
• Maninder Sidhu, 41, has been appointed as Minister of International Trade.
• Anand’s appointment is significant amid strained Canada-India relations following the 2023
assassination of pro-Khalistani terrorist Hardeep Singh Nijjar.
Vibhor Jain appointed as acting Chief Executive Officer of Open Network for Digital Commerce
• ONDC (Open Network for Digital Commerce) has appointed Vibhor Jain as the acting Chief
Executive Officer (CEO) with immediate effect.
• Prior to this, Vibhor Jain served as the Chief Operating Officer (COO) and was part of the 8-
member executive committee.
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 Important Monthly Current Affairs Capsule – May 2025

• All executive powers will now transition to the acting CEO, marking the end of the committee’s
interim role.
• ONDC is in the process of identifying a new Managing Director and CEO.
BillDesk Co-founder M N Srinivasu Named Internet and Mobile Association of India Chairperson
for Two-Year Tenure
• M N Srinivasu, co-founder of BillDesk, was appointed as the chairperson of the Internet and
Mobile Association of India (IAMAI) following the governing council elections.
• Srinivasu succeeds Harsh Jain, co-founder and CEO of Dream Sports.
• Harshil Mathur, co-founder and CEO of Razorpay, was elected vice-chairperson.
• Sameer Nigam, founder and CEO of PhonePe, has taken over as the treasurer of IAMAI.
• Previously, Rajesh Magow, co-founder of MakeMyTrip, served as vice-chairperson, and Satyan
Gajwani, vice-chairperson of Times Internet, was the treasurer.
Senior lawyer Vikas Singh chosen as new president of Supreme Court Bar Association
• Senior advocate Vikas Singh was elected president of the Supreme Court Bar
Association (SCBA).
• This is Singh’s fourth term as SCBA president; he previously held the position in 2018, 2021,
and 2022-23.
• Singh defeated senior advocates Adish C Aggarwala and Pradeep Kumar Rai in the
elections.
Sudan’s Army Chief General Abdel-Fattah Burhan Names Kamil al-Taib Idris as First Prime
Minister Since April 2023 Civil War Outbreak
• Sudan’s army chief, General Abdel-Fattah Burhan, appointed Kamil al-Taib Idris as the
country’s first prime minister since the outbreak of the civil war in April 2023.
• Kamil al-Taib Idris is tasked with forming the transitional government, following
the army’s regain of control of Khartoum in March 2025, ousting the Rapid Support
Forces (RSF) from the capital.
• The civil war in Sudan began in April 2023 due to a power struggle between the Sudanese
Army and the RSF, spreading across the country.
Intelligence Bureau Chief Tapan Kumar Deka Granted One-Year Extension
• The Appointments Committee of the Cabinet (ACC) extended the tenure of Tapan Kumar
Deka, Director of the Intelligence Bureau (IB), for one more year.
• Tapan Kumar Deka is a 1988 batch Indian Police Service (IPS) officer from the Himachal
Pradesh cadre.
• He was first appointed as IB chief in 2022 and this is his second extension.
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 Important Monthly Current Affairs Capsule – May 2025

President appoints Karnataka High Court judge K. Somashekar as Chief Justice of Manipur High
Court
• On May 20, 2025, the President of India appointed Justice Kempaiah Somashekar,
a Judge of Karnataka High Court, as the Chief Justice of Manipur High Court.
• The appointment was announced by Law and Justice Minister Arjun Ram Meghwal on X
(formerly Twitter).
• The appointment was made in consultation with the Chief Justice of India (CJI), as per
the Constitution of India.
Pakistan government elevates Army Chief General Asim Munir to Field Marshal rank
• General Asim Munir, Pakistan Army Chief, was promoted to the rank of Field
Marshal on May 20, 2025.
• The promotion was made by the Pakistan government during a cabinet meeting chaired
by Prime Minister Shehbaz Sharif.
• The ceremonial five-star rank was conferred in recognition of General Munir’s
leadership during the recent conflict with India.
Paytm Names Ramana Kumar as Chief Executive Officer for Middle East Operations
• Paytm has appointed Ramana Kumar as the Chief Executive Officer (CEO) for its Middle
East operations.
• Role &Responsibility:Kumar will lead the development and expansion of Paytm’s digital
payments solutions tailored for the Middle East market, especially the United Arab
Emirates (UAE).

Noboa Takes Oath for Second Term as Ecuador’s President

• Daniel Noboa, aged 37, was officially sworn in for his second four-year term as Ecuador’s
president; term lasts until May 2029.
• Noboa’s Vice President is María José Pinto.
• Noboa is known for fighting against a surge in armed group violence, corruption, drug
trafficking, and violent crime in Ecuador.
President Murmu Appoints Justice Surya Kant as Executive Chairman of National Legal Services
Authority
• President Droupadi Murmu has nominatedSupreme Court judge Surya Kant as
the executive chairman of the National Legal Services Authority (NALSA).
• The previous executive chairman of NALSA was Justice B R Gavai, judge of the Supreme
Court of India.
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 Important Monthly Current Affairs Capsule – May 2025

• As per convention, the post of NALSA executive chairman is held by the second senior-
most judge of the Supreme Court of India.
Axis Max Life MD & CEO Prashant Tripathy to Step Down in September
• Prashant Tripathy, the current Managing Director and Chief Executive Officer (MD &
CEO) of Axis Max Life Insurance, will step down at the end of the September 2025
quarter after opting for early retirement.
• The Board of Directors will begin the succession process, subject to regulatory
approvals.
Royal Sundaram Names Vedanarayanan Seshadri as Managing Director
• Royal Sundaram General Insurance appointed Vedanarayanan Seshadri as the
new Managing Director (MD), effective from 28 May 2025.
• Seshadri has over 30 years of experience in the BFSI (Banking, Financial Services, and
Insurance) sector
IndiGo Names Ex-IAS Officer Vikram Singh Mehta as New Chairman
• IndiGo Airlines appointed Vikram Singh Mehta as the Chairman of its Board, May 2025.
• He succeeds Venkataramani Sumantran, who served as chairman for three years and
resigned after completing his five-year term as a board member.
• Venkataramani Sumantran was appointed chairman in May 2022 and helped IndiGo through
a strong post-Covid recovery and growth
Dr. Samir V. Kamat Receives Another One-Year Extension as Secretary Defence R&D and DRDO
Chairman
• The Appointments Committee of Cabinet (ACC) granted a one-year extension to Dr.
Samir V. Kamat as Secretary, Department of Defence Research and Development
(Defence R&D) and Chairman, Defence Research Development Organisation (DRDO).
• The extension is effective from June 1, 2025, to May 31, 2026, or until further orders,
whichever is earlier.
Hitachi India Appoints N Venu as Managing Director
• Hitachi India has named N Venu as its new Managing Director, in addition to his existing
roles as Managing Director & CEO of Hitachi Energy India and South Asia Region
Head at Hitachi Energy.
• This leadership change follows Bharat Kaushal’s elevation to Executive Chairman of
Hitachi India, effective April 1, 2025.

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 Important Monthly Current Affairs Capsule – May 2025

MOUs & AGREEMENTS

Memorandum of Understanding Signed Between Ministry of Labour & Employment and Rapido
to Boost Job Opportunities via National Career Service Portal
• The Ministry of Labour & Employment signed a Memorandum of Understanding
(MoU) with Rapido in New Delhi, aiming to strengthen employment linkages in the
logistics sector through the National Career Service (NCS) portal.
• National Career Service (NCS) portal — a central government initiative with 1.75 crore job
seekers and 40 lakh employers registered.
• Create 50 lakh livelihood opportunities over the next 1–2 years through the NCS platform.
India–Egypt Cooperation on Skilling Strengthened During High-Level Visit
• The Ministry of Skill Development and Entrepreneurship (MSDE) hosted a high-level
Egyptian delegation led by E. Prof. Dr. Ayman Bahaa El Din, Deputy Minister of Technical
Education in New Delhi, aiming to strengthen bilateral cooperation in technical and
vocational education and training (TVET).
India’s Contributions and Vision
• Skill India Mission Achievements:
o Over 4 lakh individuals trained in advanced technologies like AI, robotics, and big
data.
o Over 1.3 million entrepreneurs nurtured.
• Global Outreach:
o Development of Skill India International Centres.
o Aligning India’s TVET ecosystem with global standards.
About Egypt
• Capital: Cairo
• Currency: Egyptian Pound
• President: Abdel Fattah El-Sisi
• Prime minister: Mostafa Madbouly
GAIL and CONCOR Collaborate to Explore LNG as Alternative Fuel for Logistics Sector
• GAIL India and CONCOR signed an MoU to assess the feasibility of using Liquefied
Natural Gas (LNG) for CONCOR’s rail-based container transport fleet.
• The partnership aims to leverage LNG’s cleaner combustion and potentially lower fuel costs to
reduce emissions and operational expenses.

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 Important Monthly Current Affairs Capsule – May 2025

India and Denmark Renew Partnership for Clean Energy Transition

• India and Denmark have signed a renewed Memorandum of Understanding (MoU),
deepening their collaboration in the energy sector.
• The agreement, signed by Shri Pankaj Agarwal, Secretary of the Ministry of Power, and E.
Mr. Rasmus Abildgaard Kristensen, Ambassador of Denmark to India, focuses on
accelerating clean energy transitions and supports India’s goal of achieving net-zero
emissions by 2070.
• This partnership aligns with India’s growing commitment to sustainable energy development,
facilitating knowledge exchange and technological cooperation.
About Denmark
• Capital: Copenhagen
• Currency: Krone
• Prime minister: Mette Frederiksen
India and TCS Partner with IBM to Boost Quantum Computing Ecosystem
• IBM and Tata Consultancy Services (TCS) have entered into a groundbreaking collaboration
to advance India’s quantum computing industry.
• This initiative is part of the development of the Quantum Valley Tech Park in Amaravati,
Andhra Pradesh.
• The tech park will feature an IBM Quantum System Two, equipped with a 156-qubit Heron
quantum processor, envisioned to be the largest quantum computer in India.
• The partnership aims to foster quantum research, innovation, and applications that will
address complex challenges in India and globally.
About IBM
• CFO: James J. Kavanaugh
• CEO: Arvind Krishna (6 Apr 2020–)
• Headquarters: Armonk, New York, United States
• Founded: 16 June 1911, Endicott, New York, United States
Angola Joins International Solar Alliance; Strengthens Ties with India During Presidential Visit
• President João Lourenço of Angola undertook a state visit to India, significantly
boosting bilateral cooperation.
• The visit marked Angola’s official entry into the International Solar Alliance (ISA) as its
123rd member, underscoring a shared commitment to renewable energy.
• India also extended a USD 200 million Line of Credit for defence procurement, furthering
strategic ties between the two nations.
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 Important Monthly Current Affairs Capsule – May 2025

About ISA
• President: R. K. Singh
• Date founded: 2018
• The headquarters of the International Solar Alliance (ISA) is located in Gurugram, Haryana,
India.
India-Italy Strategic Action Plan 2025–29 Accelerates at ADB Summit in Milan
• At the 58th Asian Development Bank (ADB) Annual Meeting held in Milan, Indian Finance
Minister Nirmala Sitharaman met Italian counterpart Giancarlo Giorgetti to advance
the India-Italy Joint Strategic Action Plan 2025–2029.
• The meeting aimed at reinforcing bilateral ties in areas such as green energy, fintech, climate
action, and digital infrastructure, aligning both nations’ global and sustainable development
goals.
CIL Signs MoU with UPRVUNL for 500 MW Solar Power Project in Uttar Pradesh
• Coal India Ltd (CIL) has entered into a Memorandum of Understanding (MoU) with Uttar
Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) to establish a 500 MW solar power
project in Uttar Pradesh.
• This agreement is a key step in Coal India’s transition towards green energy and aims to
meet the growing power demand in the state.
India–UK Ink Landmark Trade Pact Aimed at Doubling Bilateral Commerce
• India and the United Kingdom signed a landmark Free Trade Agreement (FTA) after over
two years of negotiations.
• This wide-ranging pact is expected to significantly enhance trade in goods, services,
and investment, and strengthen the Comprehensive Strategic Partnership between the
two nations.
• It also introduces key provisions to promote mobility of professionals and safeguard
sensitive sectors, reflecting a balance between ambition and national interest.
IWAI Partners with Rhenus Logistics India to Accelerate Cargo Movement on National
Waterways
• The Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and
Waterways, has signed an MoU with Rhenus Logistics India—a global logistics leader with a
turnover of EUR 8.2 billion—to deploy barge services on NW-1, NW-2, NW-16 and the Indo-
Bangladesh Protocol routes.
• The agreement, witnessed by Minister Shri Sarbananda Sonowal, leverages the Jal Marg
Vikas Project to expand India’s inland water transport network and lower logistics costs.
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 Important Monthly Current Affairs Capsule – May 2025

India and Vietnam Sign MoU to Promote Peace and Cooperation through Buddhist Teachings
• During the UN Day of Vesak 2025 celebrations in Vietnam, India and Vietnam’s leading
Buddhist organizations signed a Memorandum of Understanding (MoU) to deepen
collaboration based on the teachings of the Buddha, emphasizing compassion, wisdom, and
peace.
India and Chile Sign Terms of Reference for Comprehensive Economic Partnership
Agreement Negotiations
• India and Chile have officially launched negotiations for a Comprehensive Economic
Partnership Agreement (CEPA) by signing the Terms of Reference (ToR).
• This move expands upon the existing Preferential Trade Agreement (PTA) and seeks to
enhance trade, investment, and sectoral cooperation.
• The ToR for CEPA negotiations were signed following the State Visit of Chilean President
Gabriel Boric Font to India in April 2025.
• The mutually agreed ToR were duly signed by H.E. Mr. Juan Angulo, Ambassador of Chile in
India and Shri Vimal Anand, Joint Secretary, Department of Commerce, Ministry of Commerce
& Industry, Government of India, also the Chief Negotiator for India-Chile CEPA from the
Indian side.
• Negotiations are scheduled to commence from May 26–30, 2025 in New Delhi.
Department for Promotion of Industry and Internal Trade and Hafele India Sign MoU to Boost
Manufacturing Innovation and Localized Supply Chains
• Department for Promotion of Industry and Internal Trade (DPIIT) and Hafele India Pvt.
Ltd. signed a Memorandum of Understanding (MoU) in New Delhi.
• The collaboration aims to enhance India’s manufacturing and innovation ecosystem by
empowering startups, MSMEs, and entrepreneurs.
• This partnership will contribute to the local supply chain strengthening and accelerate India’s
journey to becoming a global manufacturing hub.
IBM and Tata Consultancy Services Collaboration Anchors Quantum Future in Amaravati
• In a major step toward strengthening India’s position as a leader in quantum
technology, IBM and Tata Consultancy Services (TCS) have partnered with the Andhra
Pradesh government to establish the Quantum Valley Tech Park in Amaravati.
• This groundbreaking initiative will house India’s largest quantum computer, featuring
IBM’s 156-qubit Heron processor, and aims to place the country at the forefront of global
quantum innovation.
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 Important Monthly Current Affairs Capsule – May 2025

Madhya Pradesh and Maharashtra Sign MoU for Tapti Basin Mega Recharge Project
• In a major step toward sustainable water management, Madhya Pradesh and
Maharashtra signed a Memorandum of Understanding (MoU) in Bhopal to jointly
implement the Tapti Basin Mega Recharge Project.
• The initiative aims to ensure drinking water security and irrigation for drought-prone
regions in both States.
• The MoU, signed by Madhya Pradesh CM Mohan Yadav and Maharashtra CM Devendra
Fadnavis, marks a significant revival of inter-State coordination.
• It seeks national project status with 90% Central government funding.
C-DOT and Synergy Quantum Sign MoU to Develop Drone-Based Quantum Key Distribution
Technology
• C-DOT (Centre for Development of Telematics) and Synergy Quantum India have signed
an MoU to jointly develop quantum key distribution (QKD) technology for drone-based
systems.
• This collaboration will enhance India’s capabilities in quantum-secure communication,
aligning with the Atmanirbhar Bharat
Bhutan Becomes First Country to Integrate Crypto Payments in Tourism
• Bhutan has partnered with Binance Pay and DK Bank to launch a cryptocurrency-based
payment system for its tourism sector, making it the world’s first sovereign nation to
embed crypto transactions into national tourism services.
• Rolled out in May 2025, this initiative enhances the visitor experience and promotes financial
inclusion across the kingdom.
Uber Integrates Delhi Metro Ticketing via ONDC for Seamless Multimodal Journeys
• Uber has added Delhi Metro ticket booking within its app, powered by the Open Network for
Digital Commerce (ONDC).
• Users can now plan routes, purchase QR-based metro tickets, receive real-time updates,
and book an Uber to the station—all without leaving the app.
• ONDC Integration: Enables in-app access to digital public goods, following the 2024
MoU signed during CEO Dara Khosrowshahi’s India visit.
• Seamless Multimodal Flow: Combines metro ticket purchase and ride-to-station booking in
one user journey, encouraging public transport use.
• Real-Time Information: Offers live train schedules, platform alerts, and ticket
validity updates.
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 Important Monthly Current Affairs Capsule – May 2025

• Expansion Plans: Uber will roll out metro ticketing in three more Indian cities by end of
2025.
Adani Defence & Aerospace Partners with Sparton to Localise Sonobuoy Production
• Adani Defence & Aerospace has signed a binding collaboration agreement with Sparton
(DeLeon Springs LLC)—a subsidiary of Elbit Systems specialising in advanced Anti-Submarine
Warfare (ASW) systems—to assemble sophisticated electronic sonobuoy
solutions domestically for the Indian Navy and global markets.
• First Private-Sector Sonobuoy Manufacturer: Adani Defence becomes the first Indian
private entity to produce sonobuoys—critical underwater surveillance devices previously
sourced entirely from foreign OEMs.
• Technology & Capability Synergy: Combines Sparton’s proven ASW technology with Adani
Defence’s design, manufacturing, and maintenance expertise to deliver mission-ready
solutions.
Department for Promotion of Industry and Internal Trade Collaborates with Global Energy
Alliance for People and Planet P to Boost Climate-Tech Entrepreneurship in India
• The Department for Promotion of Industry and Internal Trade (DPIIT) has signed
a Memorandum of Understanding (MoU) with the Global Energy Alliance for People and
Planet (GEAPP) to promote innovation and entrepreneurship in India’s clean energy and
manufacturing sectors.
Key Details:
• Duration: 2-year partnership, extendable based on progress.
• Energy Transitions Innovation Challenge (ENTICE):
o A competitive platform launched by GEAPP offering up to $500,000 in rewards for
impactful climate-tech solutions.
o Investment facilitation through partners like Spectrum Impact and Avana Capital.
DST–DRDO MoU to Boost India’s Space Surveillance Capabilities
• India has strengthened its ground-based space surveillance systems through a strategic
partnership between the Department of Science and Technology (DST) and the Defence
Research and Development Organisation (DRDO).
• A Memorandum of Understanding (MoU) was signed between ARIES (Nainital) and IRDE
(Dehradun) to develop Space Situational Awareness (SSA) technologies and infrastructure.
• DST’s ARIES and DRDO’s IRDE signed an MoU to enhance space surveillance via joint
research, development, and utilization of advanced observational tools.
• Marks a key step in India’s efforts toward space security and satellite tracking.
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 Important Monthly Current Affairs Capsule – May 2025

CRCL and IIT Delhi Sign MoU to Boost Scientific Capabilities and Ease of Doing Business
• Central Revenues Control Laboratory (CRCL), under the Central Board of Indirect Taxes
and Customs (CBIC), Ministry of Finance, and the Indian Institute of Technology (IIT)
Delhi signed a Memorandum of Understanding (MoU).
• The agreement aims to enhance trade facilitation, improve customs scientific testing, and
promote ease of doing business through joint research, innovation, and capacity building.
India Partners with WHO to Mainstream Ayush Globally through Landmark ICHI Agreement
• The Ministry of Ayush and the World Health Organization signed an MoU to develop
a Traditional Medicine module under the International Classification of Health
Interventions (ICHI)—complementing ICD-11—thereby bringing Ayurveda, Yoga, Siddha,
and Unani therapies into a globally standardized framework.
• Announced by PM Modi on Mann Ki Baat, this initiative is backed by a $3 million Indian
contribution.
Six East African Nations Sign MoU to Eliminate Kala-Azar
• During the 78th World Health Assembly in Geneva, six East African countries—Chad,
Djibouti, Ethiopia, Somalia, South Sudan, and Sudan—signed a Memorandum of
Understanding (MoU) aimed at eliminating kala-azar (visceral leishmaniasis).
• The agreement was signed at a WHO-African Union side event, marking a major step in
combating this neglected tropical disease (NTD) in the region.
• Kala-azar remains a significant health threat, with East Africa accounting for over 70% of
global cases.
NIRL and MAHAPREIT Form 2,000 MW Renewable Energy Joint Venture in Maharashtra
• A Joint Venture Agreement was signed in Mumbai between NLC India Renewables
Limited (NIRL) and Mahatma Phule Renewable Energy and Infrastructure Technology
Limited (MAHAPREIT)—following their April 16 2025 MoU—to establish a company targeting
up to 5,000 MW of renewable capacity in Maharashtra, with Phase I set at 500 MW.
Delhi Government Signs MoU with CBC &Karmayogi Bharat to Implement Mission Karmayogi
• In a significant development to enhance governance and public service delivery,
the Government of the National Capital Territory (NCT) of Delhi has signed
a Memorandum of Understanding (MoU) with the Capacity Building Commission
(CBC) and Karmayogi Bharat for the rollout of Mission Karmayogi.

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 Important Monthly Current Affairs Capsule – May 2025

• Operational in over 180 Indian missions abroad and 12 Foreigners Regional Registration
Offices (FRROs).
About Ministry of Home Affairs :
• Cabinet Minister :Amit Shah
• Minister of State : Nityanand Rai, Bandi Sanjay Kumar
India Unveils ‘Know Your DIGIPIN’ and ‘Know Your PIN Code’ Portals to Revolutionise
Geospatial Addressing System
• The Department of Posts, Ministry of Communications launched two digital
platforms: ‘Know Your DIGIPIN’ and ‘Know Your PIN Code’ to modernise India’s addressing
system and geospatial governance.
• Launch aligns with the National Geospatial Policy 2022, which aims to develop
advanced geospatial infrastructure for digital governance and public service delivery.
Union Public Service Commission Unveils New Online Application System
• The Union Public Service Commission (UPSC) has introduced a new Online Application
Portal for registration and filling up application forms online.
• The portal is divided into four parts (cards) on the homepage:
1. Account Creation
2. Universal Registration
3. Common Application Form — These three parts contain common information for all
exams and can be filled anytime by candidates.
4. Examination — Contains exam-specific notices, applications, and status; to be filled only
during the exam notification period.

DEFENCE NEWS
Defence Research and Development Organisation Successfully Conducts First Flight Trials of
High-Altitude Stratospheric Airship Platform
• The Defence Research and Development Organisation (DRDO) successfully carried out
the maiden flight-trials of the Stratospheric Airship Platform on May 03, 2025.
• The trial took place at the Sheopur Trial site in Madhya Pradesh.
• The airship was developed by Aerial Delivery Research and Development Establishment
(ADRDE), Agra.
• The airship was launched carrying an instrumental payload to an altitude of around 17
kilometers.
About DRDO:
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 Important Monthly Current Affairs Capsule – May 2025

• Founded: 1958
• Headquarters: New Delhi, India
• Parent Ministry: Ministry of Defence, Government of India
• Chairman: Dr. Samir V. Kamat
About Ministry of Defence:
• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Ajay Bhatt
Pakistan Successfully Test-Fires Abdali Surface-to-Surface Missile with 450 km Range During Ex
INDUS
• Pakistan successfully conducted a training launch of the Abdali Weapon System as part
of Ex INDUS.
• Missile Specifications: The Abdali (Hatf-II) is a surface-to-surface missile with a range of
450 kilometers (about 280 miles).
• It is a short-range, road-mobile, solid-fuel ballistic missile developed
by SUPARCO (Space and Upper Atmosphere Research Commission of Pakistan).
About Pakistan:
• Capital: Islamabad
• Currency: Pakistani Rupee (PKR)
• President: Asif Ali Zardari
• Prime Minister: Shehbaz Sharif
Defence Research and Development Organisation and Indian Navy Successfully Conduct
Combat Firing Trial of Indigenous Multi-Influence Ground Mine with Reduced Explosive
• The Defence Research and Development Organisation (DRDO) and the Indian Navy have
successfully conducted combat firing of the Multi-Influence Ground Mine
(MIGM) with reduced explosive.
• The MIGM system is an indigenous and advanced underwater naval mine, developed by
the Naval Science & Technological Laboratory (NSTL) in Visakhapatnam.
• The development involved collaboration with other DRDO laboratories: High Energy
Materials Research Laboratory (HEMRL) in Pune and Terminal Ballistics Research
Laboratory (TBRL) in Chandigarh.
About DRDO:
• Founded: 1958
• Headquarters: New Delhi, India
• Parent Ministry: Ministry of Defence, Government of India
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 Important Monthly Current Affairs Capsule – May 2025

• Chairman: Dr. Samir V. Kamat

About Ministry of Defence:
• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Ajay Bhatt
INS Sharda Reaches Maafilaafushi, Maldives for Humanitarian Assistance and Disaster Relief
(HADR) Exercise
• INS Sharda has arrived at Maafilaafushi Atoll, Maldives, for a Humanitarian Assistance
and Disaster Relief (HADR) exercise scheduled from 04 to 10 May 2025.
• This deployment underscores India’s commitment to regional cooperation and strong
defense and maritime ties between India and the Maldives.
• The exercise aligns with India’s “MAHASAGAR” vision, which stands for Mutual and
Holistic Advancement for Security and Growth Across Regions.
• The vision emphasizes collaborative efforts to ensure peace, stability, and prosperity in
the Indian Ocean Region.
• Exercise Objective:The HADR exercise aims to improve interoperability between
the Indian Navy and the Maldives National Defence Force (MNDF).
India Launches Operation Sindoor: Joint Military Strike on Terror Camps in Pakistan and PoK
• Operation Sindoor was launched on May 7, 2025, as a joint military strike by the Indian
Army, Air Force, and Navy against terror camps in Pakistan and PoK.
• It was a retaliation to the Pahalgam terrorist attack on April 22, in which 26
people (including one Nepali citizen) were killed, most of them targeted based on religion.
• The operation lasted only 25 minutes (1:05 AM to 1:30 AM IST), showcasing speed,
precision, and coordination among India’s armed forces.
INS Kiltan Reaches Singapore for IMDEX Asia 2025 at Changi Exhibition Centre
• INS Kiltan arrived in Singapore to participate in IMDEX Asia 2025, held at the Changi
Exhibition Centre.
• The visit is part of the Indian Navy’s operational deployment and highlights the
strong maritime partnership between India and Singapore.
• The crew of INS Kiltan will take part in bilateral and multilateral activities,
including professional exchanges with the Republic of Singapore Navy and other navies.
• Activities include guided tours for school children, cross-deck visits with other navies,
and curated visits for defence industries to promote maritime security and India’s naval
heritage.
About Ministry of Defence:
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 Important Monthly Current Affairs Capsule – May 2025

• Cabinet Minister: Rajnath Sing

• Minister of State (MoS): Ajay Bhatt
22 Maoists Killed in Ongoing Anti-Maoist Operation ‘Mission Sankalp’ in Chhattisgarh
• ‘Mission Sankalp’ is an ongoing anti-Maoist operation in Chhattisgarh, specifically in
the south-west forest border area of Bijapur district, which borders Telangana.
• The operation is aimed at neutralizing Maoist insurgents and is being conducted with
over 15,000 security personnel.
Starlink Receives Telecom Department’s Approval Letter to Launch Satellite Communication
Services in India
• The Indian government granted approval for Starlink, a satellite internet service by
SpaceX, to provide satellite communication services in India.
• The Department of Telecommunications (DoT) issued a Letter of Intent (LoI) to Starlink.
• Starlink uses a constellation of low Earth orbit (LEO) satellites, with around 7,000 satellites
currently in orbit, expected to expand to over 40,000.
• This enables high-speed, low-latency broadband internet services globally, including for
streaming, gaming, and video calls.
Iran Unveils Ballistic Missile Capable of Reaching 1,200 Km Amid Ongoing Houthi Strikes
• Iran unveiled a new solid-fuel medium-range ballistic missile (MRBM) called Ghassem Basir.
• The missile is designed to strike targets located over 1,200 kilometers away and can reach
speeds of up to Mach 12.
• The missile is approximately 11 meters in length and weighs around 7 tons.
About Iran :
• President :Masoud Pezeshkian
• Capital :Tehran
• Currency :Iranian Rial

INS Arnala: India’s First Indigenous Anti-Submarine Shallow Water Craft Delivered
• In a significant leap towards enhancing India’s maritime self-reliance, the Indian Navy has
received its first Anti-Submarine Warfare Shallow Water Craft (ASW SWC),
named ‘Arnala’.
• Built through a public-private partnership between Garden Reach Shipbuilders and
Engineers (GRSE) and L&T Shipyard, the warship is a testament to India’s growing
indigenous defence manufacturing capabilities under the ‘Aatmanirbhar Bharat’

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 Important Monthly Current Affairs Capsule – May 2025

• The delivery of ‘Arnala’, the first in a series of eight ASW SWCs, marks a major milestone in
India’s indigenous shipbuilding efforts.
• This move significantly enhances India’s coastal anti-submarine warfare capabilities, aligning
with the government’s push for self-reliant defence manufacturing.

Raksha Rajya Mantri Shri Sanjay Seth takes part in Victory Day celebrations during Moscow
visit
• Raksha Rajya Mantri Shri Sanjay Seth visited Moscow, Russia from May 08 to 09, 2025 to
participate in Victory Day celebrations.
• The celebrations commemorated the 80th anniversary of the Soviet Union’s
victory over Nazi Germany and its allies in World War II (1941-45).
India’s Achievements in Operation Sindoor
• India launched a massive strike deep inside Pakistan and Pakistan-Occupied Jammu
and Kashmir (PoJK) in response to the killing of Indian civilians by Pakistan-linked terrorists.
• Nine high-value terror launchpads were destroyed, linked to Lashkar-e-Taiba (LeT), Jaish-
e-Mohammed (JeM), and Hizbul Mujahideen.
INS Sunayna (IOS Sagar) Returns to Kochi After Successful Completion of Month-Long Mission
• The Indian Navy’s first-of-its-kind mission, Indian Ocean Ship (IOS) Sagar, concluded its
month-long deployment on 8 May 2025 at Kochi, marking a significant step in regional
maritime cooperation and security.
• The mission was flagged off by Defence Minister Rajnath Singh from Karwar on 5 April
2025.

Pakistan Fired Chinese-Origin PL-15 Air-to-Air Missiles, Missed Target: Air Marshal Bharti
• For the first time, India officially confirmed that Pakistan used Chinese-origin PL-15 air-
to-air missiles during its offensive against India.
• Air Marshal AK Bharti, Director General of Air Operations (DGAO), revealed visuals
showing debris of a probable PL-15 missile, confirming its Chinese origin.
Operation Olivia: Indian Coast Guard Safeguards Nearly 7 Lakh Olive Ridley Turtles on Odisha
Coast
• Operation Olivia is an annual mission by the Indian Coast Guard (ICG) focused on marine
conservation, especially protecting Olive Ridley turtles.

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 Important Monthly Current Affairs Capsule – May 2025

• In February 2025, the ICG protected a record 6.98 lakh Olive Ridley turtles nesting at
the Rushikulya river mouth, Odisha.
• The operation runs every year from November to May, covering key nesting sites
like Gahirmatha Beach and other coastal areas of Odisha.
• Odisha witnesses the arrival of over 8 lakh turtles annually during the nesting season.
• These efforts have helped reduce threats such as illegal fishing and habitat disruption.
• ICG engages with local fishing communities by promoting Turtle Excluder Devices
(TEDs) and collaborates with NGOs via MoUs to support sustainable
fishing and conservation education.
About Ministry of Defence:
• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Ajay Bhatt
Defence Minister to Head Indian Delegation at 17th Langkawi International Maritime & Aerospace
Exhibition in Malaysia
• Raksha Rajya Mantri Shri Sanjay Seth will lead the Indian delegation at the 17th Langkawi
International Maritime and Aerospace Exhibition (LIMA 2025).
• The event is being held at Langkawi, Malaysia, from May 20 to 24, 2025.
• An Indian Pavilion will be set up at LIMA 2025 and will be inaugurated by the Raksha Rajya
Mantri.
• Major Defence Public Sector Undertakings (DPSUs) participating include:
• Mazagon Dock Shipbuilders Limited
• Bharat Dynamics Limited
• BEML
• Hindustan Aeronautics Limited
• Gliders India Limited
Defence Research & Development Organisation Develops High-Pressure Polymeric Membrane
for Seawater Desalination
• Defence Research & Development Organisation (DRDO) has successfully developed
an indigenous nanoporous multilayered polymeric membrane for high-pressure sea water
desalination.
• The technology was developed by Defence Materials Stores and Research & Development
Establishment (DMSRDE), a Kanpur-based DRDO laboratory.
• The membrane is designed for desalination plants on Indian Coast Guard (ICG) ships,
addressing the challenge of stability against chloride ions in saline water.
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 Important Monthly Current Affairs Capsule – May 2025

• The development was completed in a record time of eight months.

• Initial technical trials were conducted on the Offshore Patrolling Vessel (OPV) of the ICG,
with satisfactory safety and performance results.
• Final operational clearance by ICG is pending after 500 hours of operational testing.
• The membrane, after certain modifications, can be used for desalination of seawater in coastal
areas.
Army Hospital (R&R) inaugurates Femto-LASIK Suite for spectacle removal treatment
• DG, Armed Forces Medical Services (AFMS) Surgeon Vice Admiral Arti Sarin and DG,
Medical Services (Army) Lt Gen Sadhna S Nair inaugurated the state-of-the-art Femto-
LASIK Suite at Army Hospital (Research and Referral), Delhi Cantt.
• The Femto-LASIK Suite uses advanced laser technology for customised
treatment of spectacle removal in young and middle-aged adult patients.
• The initiative highlights the Armed Forces’ commitment to cutting-edge medical
care and patient welfare.
• This milestone marks a significant advancement in treating borderline refractive
errors and various corneal diseases.
• Army Hospital (R&R) is the apex centre of the Armed Forces Medical Services (AFMS).
Cambodia and China Launch Largest-Ever Military Exercises Running Until May 28
• Cambodia and China began their largest-ever joint military exercises on May 14, 2025,
which will continue until May 28, 2025.
• The drills involve advanced Chinese military hardware, including artillery, warships,
helicopters, armored vehicles, reconnaissance drones, and robot battle dogs.
• Nearly 900 Chinese military personnel and more than 1,300 Cambodian soldiers are
participating, according to the Royal Cambodian Armed Forces (RCAF).
• The exercises aim to develop deeper ties and cooperation between the two armies.
About Cambodia :
• Prime Minister : Hun Manet
• Capital : Phnom Penh
About China :
• President : Xi Jinping
• Capital : Beijing
• Currency : Renminbi
United States Approves $142 Billion Arms Deal with Saudi Arabia

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 Important Monthly Current Affairs Capsule – May 2025

• The United States agreed on May 13, 2025, to sell Saudi Arabia an arms package worth
nearly $142 billion.
• According to a White House fact sheet, it is the largest defense cooperation agreement in
U.S. history.
• The agreement was signed during U.S. President Donald Trump’s visit to Riyadh, the capital of
Saudi Arabia.
• Saudi Arabia is the largest customer for U.S. arms
• If approved, Saudi Arabia would be the second Middle Eastern country after Israel to
operate F-35 fighters, which use stealth technology.
A Decade Later, Google Unveils Redesigned ‘G’ Logo in Classic Colors
• Google’s new ‘G’ logo appears nearly identical to its previous version, but with a subtle change:
the four primary colors — red, yellow, green, and blue — now blend into each other in a soft
gradient.
• The redesign was first spotted on the iOS app and later in the 8 beta release on Android.
• While not fully rolled out, the new logo has started appearing on Pixel devices and is expected
to spread across the broader Google ecosystem in the coming weeks.
• The Product Sans font remains unchanged since 2015.
About Google :
• Founded : September 4, 1998
• Headquarters :California, United States
• CEO :Sundar Pichai
Hindustan Aeronautics Ltd (HAL) Develops CATS Warrior, a Combat Air Teaming System with
One Fighter Pilot Controlling Two Armed Drones (UCAVs)
• Hindustan Aeronautics Ltd (HAL), a Maharatna Defence PSU, is developing the Combat
Air Teaming System (CATS) Warrior, featuring a single fighter pilot commanding two
armed drones (UCAVs) in combat.
• The project aims to enhance India’s air combat capabilities by teaming a manned
“mothership” aircraft with two unmanned combat aerial vehicles (UCAVs).
• This concept is being developed only by a few countries including the US, Russia, China, UK,
and Australia.
Indian Navy Inducts Traditionally Built ‘Ancient Stitched Ship’ as INSV Kaundinya
• The Indian Navy formally inducted the Ancient Stitched Ship as INSV Kaundinya at a
ceremony held at Naval Base, Karwar.

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 Important Monthly Current Affairs Capsule – May 2025

• The event was presided over by Hon’ble Minister of Culture Shri Gajendra Singh
Shekhawat.
• The ship is a stitched sail ship, inspired by a 5th century CE vessel depicted in the Ajanta
Caves paintings.
Indian Coast Guard and Navy Rescue 24 Crew as Liberian Ship Carrying Hazardous Cargo Sinks
off Kerala
• Liberian container vessel MSC ELSA 3 (IMO NO. 9123221) sank off the Kochi
coast around May 25, 2025 due to flooding.
• All 24 crew members were rescued: 21 by Indian Coast Guard (ICG) and 3 by Indian
Navy’s INS Sujata.
Indian Air Force Carries Out Significant Exercise on Ganga Expressway in Shahjahanpur, Uttar
Pradesh
• The Indian Air Force (IAF) conducted a historic exercise by landing fighter jets at night on
the 3.5-km airstrip of the Ganga Motorway in Shahjahanpur district, Uttar Pradesh.
• This was the first time in India that fighter jets landed at night on a highway, marking a
major advancement in military preparedness.
• The exercise involved advanced fighter jets such as Rafale, Jaguar, Mirage 2000, SU-30
MKI, MiG-29, along with transport aircraft like C-130J Super Hercules, AN-32, and the MI-17
V5 helicopter.

Defence Research and Development Organisation launches Quantum Technology Research

Centre to enhance indigenous quantum capabilities for strategic and defense use
• The Defence Research and Development Organisation (DRDO) inaugurated Quantum
Technology Research Centre (QTRC) at Metcalfe House, Delhi on May 27, 2025.
• The inauguration was done by Samir V Kamat, Secretary, Department of Defence R&D and
Chairman, DRDO.
• Aim: To strengthen indigenous quantum capabilities for strategic and defence
applications.
Indian Navy Launches Sixth 25T BP Tug Sabal (Yard 340)
• The sixth 25T Bollard Pull (BP) Tug Sabal was launched on 27 May 2025 at M/s Titagarh
Rail Systems Limited (TRSL), Kolkata.
• The launch event was attended by Commodore S Sreekumar, WPS, Kolkata, as the Chief
Guest.

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 Important Monthly Current Affairs Capsule – May 2025

• The tugs are part of a contract signed on 12 November 2021 with M/s TRSL, Kolkata for the
construction of six 25T BP tugs.
Indian Army Departs for 17th India-Mongolia Joint Military Exercise NOMADIC ELEPHANT
• The Indian Army contingent has departed for the 17th edition of the India-Mongolia Joint
Military Exercise NOMADIC ELEPHANT, scheduled from 31st May to 13th June
2025 in Ulaanbaatar, Mongolia.
IIT Kharagpur and Singapore’s IME Partner for Semiconductor Research and Talent
Development
• The Indian Institute of Technology (IIT) Kharagpur and Singapore’s Institute of
Microelectronics (IME), under A*STAR, have signed a Memorandum of Understanding
(MoU) to collaborate on semiconductor research and talent development.
• The agreement was formalized during SEMICON Southeast Asia 2025 and supports
India’s India Semiconductor Mission aimed at enhancing the country’s global semiconductor
capabilities through innovation and international cooperation.

SCIENCE & TECHNOLOGY

Amazon launches first operational satellites for Project Kuiper from Cape Canaveral
• A United Launch Alliance (ULA) Atlas V rocket successfully lifted off on 28
April from Cape Canaveral, initiating the full-scale deployment of Amazon’s Project
Kuiper.
• The mission, named Kuiper-1, launched the first batch of operational satellites for
Amazon’s planned broadband internet constellation of over 3,200 satellites in low Earth
orbit (LEO).
Indian Scientists Develop Innovative Metal-Free Catalyst for Hydrogen Fuel Production
• Researchers have developed a cost-effective, metal-free porous organic
catalyst for efficient hydrogen (H2) production by harvesting mechanical energy.
• This development aims to reduce global warming and reliance on fossil fuels by promoting
sustainable energy solutions, specifically green hydrogen.
• Green hydrogen (H2) is a clean and renewable energy source with no direct carbon
emissions, producing only water as a by-product when used in fuel cells.
• The Government of India launched the National Green Hydrogen Mission to drive large-
scale production, research, and innovation in the H2 sector, positioning India as a global
leader in the H2 economy.

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 Important Monthly Current Affairs Capsule – May 2025

Limited (Target 1) and Batlivala& Karani Finserv Private Limited (Target 2) by 360 ONE
WAM Limited (Acquirer).
• 360 ONE WAM Limited (360 ONE) is a wealth and asset management firm operating in
India, including its group entities.
Wellington Management receives CCI approval to invest in Porter
• The Competition Commission of India (CCI) has given approval to US-based Wellington
Management to acquire a stake in SmartShift Logistics Solution, the parent company of
logistics unicorn Porter.
• The deal was cleared under the green channel route as per Section 6(4) of the
Competition Act, 2002 and Rule 3 of the Competition (Criteria of Combination) Rules,
2024.
SBI Life and Vidyaniti Buy 4.25% Stake in NHIT for Rs 1,100 Crore
• SBI Life Insurance and Vidyaniti LLP acquired a 4.25% stake in National Highways Infra
Trust (NHIT) for Rs 1,100 crore through an open market transaction.
• A total of 8.24 crore units (representing 4.25% unit-holding) were acquired by both entities.
• SBI Life Insurance purchased over 3.74 crore units (1.93% holding) in NHIT.
Competition Commission of India Clears Merger of Ring Plus Aqua and Maini Precision with JK
Maini Precision Technologies Limited; Approves Demerger of Aerospace Unit into JK Maini
Global Aerospace Limited
• The Competition Commission of India (CCI) has approved a combination involving:
• Merger of Ring Plus Aqua Limited (RPAL) and Maini Precision Products Limited
(MPPL) into JK Maini Precision Technologies Limited (JKMPTL).
• Demerger of the aerospace business of JKMPTL into JK Maini Global Aerospace Limited
(JKMGAL).
CCI Approves American Axle & Manufacturing Holdings’ Acquisition of 100% Shares in Dowlais
Group plc
• The Competition Commission of India (CCI) has approved the proposed
acquisition of 100% shareholding of Dowlais Group plc by American Axle &
Manufacturing Holdings, Inc. (AAM).
• The acquisition involves obtaining the entire issued and to-be-issued ordinary share
capital and thereby sole control of Dowlais Group plc.

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 Important Monthly Current Affairs Capsule – May 2025

CCI approves proposed combination involving Jumbotail Technologies, Standard Chartered

entities, Solv-India, Artal Asia, and JTPL founders
• The Competition Commission of India (CCI) has approved the proposed
combination involving multiple entities:
• Jumbotail Technologies Pvt. Ltd. (JTPL)
• Standard Chartered Research and Technology India Pvt. Ltd. (SCRTIPL)
• SC Ventures Holdings Limited (SC Ventures)
• Solv-India Pte. Ltd. (Solv-India)
• SCV Master Holding Company Pte. Ltd. (SCV Master)
• Artal Asia Pte Ltd. (Artal Asia)

BOOKS & AUTHOR

Bandaru Dattatraya’s Autobiography ‘Janta Ki Kahani’ Released
• Vice-President Jagdeep Dhankhar released the autobiography ‘Janta Ki Kahani – Meri
Aatamkatha’ authored by Bandaru Dattatraya, the Governor of Haryana, at Maharashtra
Sadan, New Delhi.
About Bandaru Dattatraya
• Born in: Hyderabad
• Political Career:
o Former Union Minister for Labour and Employment
o MP from Secunderabad
o Governor of Haryana (current)
• Social Work:
o Active in slum development, disaster relief, and voluntary initiatives.
PMO: Prime Minister’s Office Through the Years – Book by Himanshu Roy
• A non-fiction book titled “PMO: Prime Minister’s Office Through the Years” by Himanshu
Roy was released.
• The book provides an in-depth study of the evolution, structure, and influence of the Prime
Minister’s Office (PMO) in Indian governance.
• Publisher: Rupa Publications

SPORTS NEWS
Pankaj Advani Dominates Opening Match at CCI Billiards Classic

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• Pankaj Advani began his campaign with a commanding 860–170 victory over Tathya
Sachdev in Mumbai, constructing three century-plus breaks to assert his supremacy.
● The first round also saw Rishabh Thakkar defeat Hitesh Kotwani 495–313, and Rohan
Jambusaria overcome Anurag Bagri 611–294.
Mixed Martial Arts (MMA) Debuts and Cricket Retained at Asian Games 2026 in Japan
• The Olympic Council of Asia approved the inclusion of Mixed Martial Arts (MMA) for the
first time and confirmed cricket will return for its fourth appearance at the Asian Games, to be
held in Aichi and Nagoya, Japan from September 19 to October 4, 2026.
• MMA will feature six medal events, joining other combat sports like kurash and jujitsu, while
cricket will follow the T20 format for both men and women.
Indo-Tibetan Border Police (ITBP) Scales Mt. Makalu in Historic Twin Peak Expedition
• In a landmark feat, a 12-member team of the Indo-Tibetan Border Police
(ITBP) successfully summited Mt. Makalu (8,485 m)—the world’s fifth highest peak—as part
of its first-ever dual expedition also targeting Mt. Annapurna.
• This historic climb showcases the force’s elite endurance and commitment to mountaineering
excellence and ecological responsibility.
Kerala Cricket Association(KCA) Suspends Sreesanth for Three Years Amid Sanju Samson
Controversy
• The Kerala Cricket Association (KCA) has imposed a three-year suspension on former
Indian cricketer S. Sreesanth following his public criticism of the association
regarding Sanju Samson’s exclusion from the Indian squad for the upcoming ICC Champions
Trophy.
• The suspension, which prohibits Sreesanth from all cricketing activities under KCA’s
jurisdiction, was finalized during a special General Body meeting on April 30, 2025, in
• Franchise-Related Actions: KCA issued advisories to Aries Kollam Sailors and Alleppey
Ripples regarding management behavior, without imposing penalties.
• Defamation Cases: KCA has filed defamation claims against Sanju Samson’s father, Reji
Lukose, and a news anchor over defamatory statements.
Amanpreet Singh Wins Gold in Centre Fire Pistol at 23rd Kumar Surendra Singh Shooting
Championship
• Amanpreet Singh of Punjab secured the gold medal in the 25m Centre Fire Pistol event
with a score of 587 at the 23rd Kumar Surendra Singh Shooting Championship, held at
the Madhya Pradesh Academy.
• The 22-year-old edged past Mandeep Singh by two points to claim the top spot.
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 Important Monthly Current Affairs Capsule – May 2025

• Sahil Choudhary won the bronze, finishing ahead of seasoned shooters like Olympian
Gurpreet Singh, Harpreet Singh, and Olympic silver medallist Vijay Kumar.
China Secures 14th Sudirman Cup Triumph Despite An Seyoung’s Unbeaten Streak
• In the 2025 Sudirman Cup finalheld in Xiamen, China overwhelmed South Korea 3–1 to
claim their 14th world mixed team title, reaffirming their unparalleled squad depth even as
South Korea’s star, An Seyoung, extended her perfect season.
About China
• Capital: Beijing
• Currency: Chinese Yuan
• President: Xi Jinping

Rohit Sharma Announces Retirement from Test Cricket

• Rohit Sharma, one of India’s most successful openers and red-ball captains, has
officially announced his retirement from Test cricket, just before the India vs England
Test series.
• This move concludes a distinguished Test career that began in 2013 and reflects the Board of
Control for Cricket in India’s (BCCI) shift toward youth leadership for the upcoming 2025–27
World Test Championship (WTC)
England and Wales Cricket Board Enforces Ban on Transgender Women in Women’s Cricket
• The England and Wales Cricket Board (ECB) has updated its eligibility criteria to exclude
transgender women from all tiers of women’s cricket, following an April 2025 UK Supreme
Court ruling that legally defines gender by biological sex.
• Transgender players remain eligible for open/mixed-gender competitions.
About ECB
• ECB Headquarters: Lord’s Cricket Ground, London.
• Founded: 1997, governing body for cricket in England and Wales.
• Current Context: ICC already banned transgender women post-male puberty from
international matches in 2023.
Brazil Confirms Eight Host Cities for Inaugural Latin American FIFA Women’s World Cup 2027
• The Federation Internationale de Football Association (FIFA) has selected Maracanã
Stadium in Rio de Janeiro among eight venues across Brazil for the 2027 Women’s World
Cup, running June 24–July 25, 2027.
• This edition marks the tournament’s first staging in South America, showcasing Brazil’s
vibrant culture and sporting passion.
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 Important Monthly Current Affairs Capsule – May 2025

About FIFA
• Headquarters of FIFA: Zürich, Switzerland.
• President of FIFA: Gianni Infantino.

Virat Kohli Announces Retirement from Test Cricket

• In a significant moment for Indian cricket, Virat Kohli has announced his retirement from
Test cricket, marking the end of a remarkable 14-year journey in the sport’s longest format.
• This decision brings down the curtain on an era of excellence and leadership in Indian Test
cricket.
India Bags 7 Medals at Archery World Cup Stage 2 in Shanghai
• India concluded its campaign at the Archery World Cup Stage 2 in Shanghai, China with
a total of 7 medals – 2 Gold, 1 Silver, and 4 Bronze.
• The Archery World Cup Stage 3 will be held in Antalya, Turkey, from June 3 to 8, 2025.
Medal Tally – Archery World Cup Stage 2
Gold Medals:
• Madhura Dhamangaonkar – Women’s Compound Individual
• Men’s Compound Team – Abhishek Verma, Rishabh Yadav, Ojas Deotale
Silver Medal:
• Women’s Compound Team – Jyothi Surekha Vennam, ChikithaTaniparthi, Madhura
Dhamangaonkar
Bronze Medals:
• Parth Salunkhe – Men’s Individual Recurve (defeated France’s Baptiste Addis 6–4)
• Deepika Kumari – Women’s Individual Recurve (defeated Korea’s Kang Chae-young 7–3)
• Madhura & Abhishek – Compound Mixed Team
• Rishabh Yadav – Men’s Compound Individual
India’s Nirupama Devi Finishes 4th at Asian Weightlifting Championships
• Nirupama Devi, India’s 24-year-old weightlifter, finished 4th in the Asian Weightlifting
Championships held in Jiangshan, China.
• Nirupama Devi lifted a total of 206 kg in the non-Olympic category, comprising:
o 115 kg in Clean and Jerk
o 91 kg in Snatch
About China
• Capital: Beijing
• Currency: Chinese Yuan
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 Important Monthly Current Affairs Capsule – May 2025

• President: Xi Jinping

Jeeno Thitikul Wins Fifth LPGA Tour Title at Americas Open

• Thailand’s JeenoThitikul captured her fifth LPGA Tour title with a victory at the Americas
Open at Liberty National.
• The 22-year-old shot a three-under-par 69 to secure a four-stroke win over Celine Boutier.
Indian Shuttlers Shine at 6th Fazza Para Badminton International Tournament in Dubai
• Indian shuttlers made an impressive performance at the 6th Fazza Para Badminton
International tournament, securing 19 medals—including 1 gold, 4 silver, and 14 bronze—
in Dubai.
• Gold Medalists: Sivarajan Solaimalai and Sudarsan Saravanakumar Muthusamy won
the only gold for India, after their top-seed Hong Kong opponents, Chu Man Kai and Wong
Chun Yim, gave a walkover in the men’s doubles SH6 final.

Miss Estonia Triumphs in Miss World 2025 Sports Challenge

• Eliise Randmaa of Estonia clinched gold at the Miss World 2025 Sports Challenge at
Hyderabad’s Gachibowli Indoor Stadium, becoming the first Estonian delegate to reach
the quarter-finals since 1999.
• Competing against 108 contestants, Randmaa’s athletic prowess secured her a fast-track into
the Top 40 of the pageant.
• Medal Winners
o Gold: Eliise Randmaa (Estonia)
o Silver: Aurélie Joachim (Martinique)
o Bronze: Emma Morrison (Canada)
India Clinches SAFF U-19 Title After Penalty Shootout Thriller Against Bangladesh
• India won the SAFF U-19 Championship 2025 by defeating Bangladesh 4-3 in a penalty
shootout after a 1-1 draw in regulation time.
• Final held at the Golden Jubilee Stadium, Yupia, Arunachal Pradesh.
• This is India’s second title in the tournament, the first being in 2023.
• Title Count: India’s 2nd SAFF U-19 title (after 2023)
• 2nd Minute: Goal by Indian captain Shami Singamayum from a direct free-kick.
• 61st Minute: Equalizer by Md Joy Ahamed of Bangladesh.
• Penalty Shootout: India maintained composure and triumphed 4-3.
Carlos Alcaraz Clinches Maiden Italian Open Title, Ends Sinner’s 26-Match Streak
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 Important Monthly Current Affairs Capsule – May 2025

• Carlos Alcaraz defeated Jannik Sinner7-6 (5), 6-1 in the 2025 Italian Open final, securing
his first Italian Open and 7th ATP Masters 1000
• The win halted Sinner’s 26-match winning streak and underlined Alcaraz’s clay-court mastery
ahead of Roland Garros.
• Final Score: 7-6 (5), 6-1 in favour of Alcaraz
• Masters 1000 Titles: This triumph marks Alcaraz’s 7th at that level
• ATP Titles Overall: Now 19 career titles
• Sinner’s Streak Ended: Italy’s world No. 1 had won 26 consecutive matches since August
2024
• Head-to-Head Record: Alcaraz extends his lead to 7–4 over Sinner
• Clay-Court Credential: Becomes the third player since 1990 to win all major ATP clay
tournaments
KL Rahul Becomes Fastest Indian to Score 8000 Runs in T20 Cricket
• KL Rahul achieved a remarkable milestone during the IPL 2025 match between Delhi Capitals
and Gujarat Titans at Arun Jaitley Stadium, Delhi, becoming the fastest Indian to reach 8000
runs in T20 cricket.
• Rahul reached 8000 T20 runs in just 224 innings, breaking Virat Kohli’s record of 243
innings.
• He is the sixth Indian to cross the 8000-run mark in T20 format.
• KL Rahul debuted in T20 cricket in 2013.
• He has scored 6 centuries and 68 fifty-plus scores in T20 cricket so far.
Fastest Indian Players to Reach 8000 T20 Runs (By Innings):
Innings to 8000
Rank Player
Runs

1 KL Rahul 224

2 Virat Kohli 243

3 Shikhar Dhawan 277

4 Suresh Raina 284

Suryakumar
5 288
Yadav

6 Rohit Sharma 294

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 Important Monthly Current Affairs Capsule – May 2025

Neeraj Chopra Crosses 90 m Mark but Finishes Second in Doha Diamond League 2025
• In a landmark performance, Olympic champion Neeraj Chopra became the first Indian and only
the third Asian to breach the 90 m barrier in men’s javelin, recording 23 m at the Doha leg of
the Diamond League.
• Despite leading for most of the competition, he was overtaken in the final round by
Germany’s Julian Weber, who threw 06 m.
• Historic Throw: Chopra’s 90.23 m (3rd attempt) surpassed his previous best of 89.94 m,
marking a major career milestone.
• Final Standing: Finished 2nd, edged out by Julian Weber’s 91.06 m world-leading throw in the
last round.
• Diamond League Consistency: Following his 2023 Doha win (88.67 m) and 2024 runner-up
finish (88.36 m), Chopra once again secured a podium spot.
• Other Podium Finishers: Julian Weber (GER) – 91.06 m; Anderson Peters (GRN) – 84.65 m.
Fellow Indian Kishore Jena placed 8th with 78.60 m.
Praggnanandhaa Clinches First Grand Chess Tour Title at Superbet Classic
• Indian Grandmaster Praggnanandhaa won his first-ever Grand Chess Tour event by taking
the Superbet Classic 2025 crown in Bucharest, Romania.
• In a dramatic playoff, the 18-year-old prevailed in a blitz tiebreak to outclass top rivals after all
three leaders finished the classical rounds on 5.5 points.
• Historic Milestone: First Grand Chess Tour title for Praggnanandhaa, joining India’s elite in
global chess.
• Tiebreak Details:
o Format: Blitz (5 min + 2 sec increment).
o Sequence: Two drawn games followed by Praggnanandhaa’s win against Maxime
Vachier-Lagrave in the final blitz.
• Prize Money: $77,667 (~₹66 lakh) awarded to the champion.
Khelo India Youth Games 2025 Concludes; Maharashtra Leads Medal Tally With 158 Medals
• The Khelo India Youth Games 2025 concluded with a closing ceremony at the Pataliputra
Sports Complex, Patna, Bihar.
• The event started on January 4, 2025, and ended on the final day with exciting competitions
in basketball, fencing, and weightlifting.

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 Important Monthly Current Affairs Capsule – May 2025

Key Highlights :

Rank State 🥇 Gold 🥈 Silver 🥉 Other Medals 🏅 Total Medals

1 Maharashtra 58 47 53 158

2 Haryana 39 27 51 117

3 Rajasthan 24 12 24 60

Bologna Wins First Italian Cup in 51 Years with 1-0 Victory Over AC Milan
• Bologna ended a 51-year wait for a major trophy by beating AC Milan 1-0 to win the Italian
Cup (Coppa Italia).
• The only goal was scored by Dan Ndoye, who had just returned from injury.
• This is Bologna’s first Italian Cup win since 1974.
• In the meantime, the club only won two second-division titles.
• The club is owned by Canadian Joey Saputo.
• Coach Vincenzo Italiano won his first final after losing two Europa Conference League finals
with Fiorentina and finishing runner-up in the 2023 Italian Cup.
• Italiano replaced Thiago Motta as Bologna’s coach this season.
Sunil Gavaskar unveils ‘10000 Gavaskar’ boardroom named after him at BCCI headquarters
• Indian cricket legend Sunil Gavaskar inaugurated a new boardroom named “10000
Gavaskar” at the BCCI headquarters in Mumbai, Maharashtra.
• The ceremony was attended by BCCI President Roger Binny, Vice President Rajeev Shukla,
and Secretary Devajit Saikia.
About Sunil Gavaskar :
• Sunil Gavaskar played for India from 1971 to 1987 and is regarded as one of the best batsmen
in cricket history.
• Known for his calm demeanor, technical strength, and bravery, Gavaskar famously faced fast
bowlers without wearing a helmet.
• During the 1987 Ahmedabad Test against Pakistan, Gavaskar became the first player in Test
cricket history to reach 10,000 runs.
• He scored a total of 10,122 Test runs, making him India’s third-highest Test run-scorer,
after Sachin Tendulkar (15,921) and Rahul Dravid (13,288).
• Gavaskar held the world record for the most Test centuries (34) for over 20 years until Sachin
Tendulkar surpassed it in 2005.
Neeraj Chopra Conferred Honorary Lieutenant Colonel Rank in Territorial Army
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 Important Monthly Current Affairs Capsule – May 2025

• Olympic gold medallist Neeraj Chopra has been honoured with the Honorary Lieutenant
Colonel title in the Territorial Army by the Indian Government
• Announcement by Ministry of Defence: The Department of Military Affairs issued the
notification on May 13, 2025, stating that Neeraj Chopra would receive the honorary
rank effective from April 16, 2025.
• Legal Basis: The rank was conferred under Para-31 of the Territorial Army Regulations,
1948, reserved for individuals contributing to national prestige.
• Neeraj Chopra’s Achievements:
o Olympic Gold Medal at Tokyo 2020 (held in 2021).
o Silver Medal at the Paris Olympics 2024.
o World Champion at the 2023 Budapest World Athletics Championships.
o Previously held the rank of Subedar Major in the Indian Army.
• Other Honorary Rank Recipients: M.S. Dhoni was awarded the honorary Lt. Colonel rank in
2011, highlighting a tradition of honouring sports icons.
Mehidy Hasan Miraz Wins ICC Men’s Player of the Month – April 2025
• Bangladesh’s Mehidy Hasan Miraz was named the ICC Men’s Player of the Month for April
2025, following a series of standout performances in the Test series against Zimbabwe.
• This marks his first win of the prestigious award and places him among the top cricketers from
Bangladesh, becoming the third to achieve this honor.
• Mehidy Hasan Miraz was named the April 2025 Player of the Month for his exceptional all-
round performance in the two-match Test series against Zimbabwe.
• Miraz triumphed over Blessing Muzarabani (Zimbabwe) and Ben Sears (New Zealand) for the
award, after producing match-winning contributions with both bat and ball.
Pakistan’s Participation in Hero Asia Cup 2025 in Doubt Amid Indo-Pak Tensions
• The National Federation is awaiting a government advisory, but Pakistan’s spot at the Hero
Asia Cup (Rajgir, Bihar | Aug 27–Sep 7, 2025) is uncertain due to heightened tensions following
the Pahalgam terror attack and Operation Sindoor retaliatory strikes.
• Tournament Details:
o Dates & Venue: August 27–September 7, 2025, Rajgir, Bihar.
o Teams Scheduled: India, Pakistan, Japan, Korea, China, Malaysia, Oman, Chinese
Taipei.
o Stakes: Asia Cup winner earns a direct World Cup qualifier berth for Netherlands &
Belgium, Aug 14–30, 2026.
• Security Flashpoint:
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 Important Monthly Current Affairs Capsule – May 2025

o Pahalgam Attack: Claimed 26 lives, prompting visa revocations and expulsion of

Pakistani nationals.
o Operation Sindoor: India’s missile strikes on terrorist camps in Pakistan/PoK, followed by
mutual drone/missile exchanges.
o Ceasefire: Agreed May 10 after DGMO-level talks.
Shivpal Singh Faces 8-Year Ban After Second Doping Violation
• Shivpal Singh, a prominent Indian javelin thrower and Tokyo Olympian, is facing an 8-year
ban after failing a dope test for the second time.
• His urine sample tested positive for a banned substance during out-of-competition testing at
NIS Patiala in early 2025.
• He has been provisionally suspended by the National Anti-Doping Agency (NADA).
Tottenham Hotspur Clinch UEFA Europa League Title, Ending 17-Year Trophy Drought
• Tottenham Hotspur defeated Manchester United 1-0 at Estadio de San Mamés, Bilbao, to
win the UEFA Europa League final, securing their first major trophy in 17 years and their first
continental title since 1984.
Adriyan Karmakar Opens India’s Medal Tally with Silver at ISSF Junior World Cup
• At the International Shooting Sport Federation (ISSF) Junior World Cup in Suhl,
Germany, Adriyan Karmakar claimed silver in the 50m Rifle Prone event, marking India’s
first medal of the competition.
Joe Root Becomes Fastest to 13,000 Test Runs: A Historic Cricket Milestone
• England’s star batsman Joe Root made cricket history by becoming the fastest player to
reach 13,000 Test runs.
• He achieved this feat in just his 153rd Test match during a one-off game against Zimbabwe
at Trent Bridge, surpassing the previous record held by Jacques Kallis (159 matches).
Kush Maini Clinches First F2 Sprint Victory at Monaco, Becomes First Indian Winner
• Seventeen-year-old Indian driver Kush Maini won the Formula 2 Sprint Race at
the Monaco Grand Prix, marking the first-ever F2 victory by an Indian at the iconic circuit.
• Driving for DAMS Lucas Oil, Maini converted pole position (earned via the reverse-grid
system after a P10 feature qualifying) into a controlled, mistake-free win over 30 laps.
Kidambi Srikanth Finishes Runner-Up at Malaysia Masters 2025
• India’s Kidambi Srikanth claimed the men’s singles runner-up spot at
the Malaysia Mastersin Kuala Lumpur, falling to World No. 4 Shi Feng Li of China in
straight games, 21-11, 21-9, in the final.

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 Important Monthly Current Affairs Capsule – May 2025

Hockey India Masters Cup 2025 Inaugural Edition Scheduled in Chennai from June 18–27
• The Hockey Unit of Tamil Nadu will host the first-ever Hockey India Masters Cup
2025 in Chennai from June 18 to 27, 2025, featuring dedicated competition for veteran
hockey players.
India Announces 18-Member Test Squad for England Tour Under Shubman Gill
• The BCCI has named an 18-member squad for the upcoming England Test tour,
appointing Shubman Gill as captain and Rishabh Pant as vice-captain and primary
wicketkeeper.
• This youthful selection signals a bold shift in India’s red-ball strategy.
Napoli Clinches 2024–25 Serie A Title with Final Round Win Over Cagliari
• Napoli secured the 2024–25 Serie A title with a decisive 2–0 victory over Cagliari at
the Diego Armando Maradona Stadium, outpacing Inter Milan by just one point on the final
day of the season.
• Under the leadership of Antonio Conte, who was suspended from the touchline, the win
marked a historic milestone for both club and coach.
Lando Norris Secures Monaco Grand Prix Win from Pole, Narrows Piastri’s Championship Lead
• Lando Norris achieved a dream victory at the Monaco Grand Prix on May 25, 2025,
converting pole position into McLaren’s first Monaco win since 2008.
• Charles Leclerc finished second, Oscar Piastri third, and Max Verstappen fourth, with all
top four drivers maintaining their starting positions throughout a race defined by strategy over
overtaking.
ISSF Junior World Cup 2025: Tejaswini Clinches 25m Pistol Gold as India Finish on Top of Medal
Table
• Tejaswini won the women’s 25m pistol gold medal, helping India top the medal
tally with 11 medals (3 gold, 4 silver, 4 bronze).
• India finished ahead of China, which won 3 gold and 1 bronze
• Tejaswini scored 31/50, beating neutral athlete Alina Nestsiarovich (29/50) for gold.
Mahendra Gurjar of India Breaks World Record at World Para Athletics Grand Prix in Switzerland
• Mahendra Gurjar, aged 27, set a world record in men’s javelin F42 category with a throw
of 61.17m at the Nottwil World Para Athletics Grand Prix in Switzerland.
• He broke the previous world record of 59.19m, set by Brazil’s Roberto Floriani
Edenilson in 2022.
• Gurjar’s record-breaking throw came on his third attempt after initial throws
of 56.11m and 55.51m.
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 Important Monthly Current Affairs Capsule – May 2025

Arsenal Clinches 2025 UEFA Women’s Champions League Title with 1–0 Win Over Barcelona
• Arsenal ended an 18-year wait for European glory by defeating defending champions FC
Barcelona 1–0 in the UWCL final at Estadio José Alvalade, Lisbon.
• Substitute Stina Blackstenius struck in the 75th minute—via a Beth Mead assist—to secure
the Gunners’ second UWCL crown and halt Barcelona’s bid for a third straight title.
Shubman Gill Becomes Oakley Brand Ambassador for “Artifacts from the Future” Campaign
• Indian Test captain Shubman Gill has been named the brand ambassador for Oakley,
aligning with their new “Artifacts from the Future” eyewear campaign.
• At 25 years old, Gill adds off-field style to his on-field elegance, embodying the values
of performance, innovation, and resilience.
Cristiano Ronaldo Reaches 800 Club Goals at Age 40
• Cristiano Ronaldo scored his 800th club goal in a Saudi Pro League match for AI
Nassr against AI Fateh, a landmark achievement even in a 3–2 defeat.
• At 40 years old, Ronaldo continues to perform at the highest level, reinforcing his status as
one of football’s all-time greats.
Virat Kohli Becomes First Cricketer to Score 9,000 T20 Runs for a Single Franchise
• Virat Kohli, the star batter of Royal Challengers Bengaluru (RCB), has set a new record by
becoming the first cricketer to score 9,000 T20 runs for a single franchise.
• This milestone was reached during RCB’s final league match against Lucknow Super Giants
(LSG) in Lucknow.
• Kohli’s runs include his performances in the Indian Premier League (IPL) and the now-defunct
Champions League T20 (CLT20).
Vishwanath Karthikey Padakanti Becomes Youngest Indian to Complete 7 Summits Challenge
• At just 16 years old, Vishwanath Karthikey Padakanti from Hyderabad has become
the youngest Indian and the second youngest in the world to complete the 7 Summits
challenge — climbing the highest peak on each of the seven continents.
• He achieved his final and most challenging ascent of Mount Everest (8,848 metres), fulfilling
a dream years in the making.

OBITUARY
Renowned Kenyan author, Ngugi wa Thiong’o, died at 87
• Celebrated Kenyan novelist and playwright Ngũgĩ wa Thiong’o, renowned for his incisive
critiques of colonialism and post-independence governance, passed away at the age of 87 in
Buford, Georgia, on May 28, 2025.

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