Banking & Business 

RBI- The Reserve Bank of India has extended the operating hours of the call money market to 7 PM, effective July 1, 2025. Additionally, starting August 1, trading hours for the market repo and TREP segments will also be revised.

Revised Trading Hours:

• • Call Money Market

Current Hours: 9:00 AM to 5:00 PM

New Hours (Effective July 1, 2025): 9:00 AM to 7:00 PM

• • Market Repo & Tri-Party Repo (TREP)

Current Closing Time:

Market Repo: 2:30 PM

TREP: 3:00 PM

New Hours (Effective August 1, 2025): 9:00 AM to 4:00 PM

14.5%- Credit Card Spending Jumps 14.5% in May 2025

• • According to the latest data from the Reserve Bank of India, credit card spending witnessed a significant rise in May 2025, reaching ₹1.89 trillion—a 14.5% increase compared to the same month last year. This surge in spending was largely driven by the addition of 7.6 lakh new credit cards during the period.

Tata Group- India’s First Brand Valued at $30 Billion

• • As per the 2025 Brand Finance India report, Tata Group has become the first Indian brand to cross the $30 billion mark, with its brand value rising by 10% to reach $31.6 billion.

NPCI- NPCI Reports Surplus. (Profit) Exceeding ₹1,500 Crore in FY25, Revenue Climbs to ₹3,270 Crore

• • 42% surge in surplus.

• • 19% growth in revenue.

• • According to ICRA’s credit report.

$8.8 Billion- Surge in FDI Inflow in the month of April 2025.

• • According to RBI monthly Bulletin.

• • This represents a significant increase from $5.9 billion in March 2025 and $7.2 billion in April 2024.

NABARD & NIRCA- launched a training program for Farmers’ Producer Organisations (FPOs) and individual farmers in East Godavari district, Andhra Pradesh.

• • A collaboration aimed at strengthening the post-harvest value chain of major spice crops such as chilli and turmeric.

• • National Bank for Agriculture and Rural Development (NABARD) and the National Institute for Research on Commercial Agriculture (ICAR-NIRCA)

• • NABARD – Headquarters: Mumbai, Maharashtra.

• • ICAR-NIRCA – Headquarters: Baripada, Odisha.

UPI- The International Monetary Fund (IMF) has acknowledged India’s Unified Payments Interface (UPI) as a key breakthrough in digital finance.

Adani Total Gas Ltd and Jio-bp– Adani Total Gas Ltd (ATGL) and Reliance BP Mobility Ltd (Jio-bp), two major private energy companies, have formed a strategic partnership to offer each other’s fuels at selected outlets across India.

IFFCO partnership with Brazil’s NANOFERT- for Sets Up its’ First Overseas Nano Fertiliser.

• • IFFCO is setting up its first nano fertiliser plant outside India, in Brazil. In partnership with NANOFERT, the facility will produce 4.5 million litres annually and aims to transform crop productivity.

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National

Central Board of Secondary Education (CBSE)- Starting from the 2026-27 academic year, CBSE will allow Class 10 students to appear for board exams twice a year

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Science & Technology

Amaravati, Andhra Pradesh- India’s First Quantum Computing Valley Set to Launch in Amaravati by January 2026.

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Schemes

Top National Players Stipend Scheme (TNPSS)- launched by The All India Chess Federation (AICF)

• • This scheme is designed to nurture and empower talent across age groups from Under-7 to Under-19.

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Books

Celebrating V.V. Kumar @ 90– Former Indian leg-spinner V.V. Kumar was recently celebrated with a special book launch in Chennai to mark his 90th birthday.

The Emergency Diaries- Union Home Minister Amit Shah unveiled a new book to mark the 50th anniversary of the 1975 Emergency in India.

• • The book tells the story of Prime Minister Narendra Modi’s activities as a young RSS Pracharak during the Emergency.

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Summits and Conferences

Dehradun, Uttarakhand- Hosts the Indian Conservation Conference (ICCON) 2025

• • Scheduled to be held from June 25 to 27 at the Wildlife Institute of India (WII).

• • Hosted by the Ministry of Environment, Forest and Climate Change (MoEFCC).

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Reports

World Meteorological Organization (WMO)- According to the WMO, Asia is heating up at almost twice the global average, resulting in more severe heatwaves, faster glacial melting, increased floods, cyclones, and droughts.

• • 2024 is the warmest year on record in Asia.

• • Report Name- Attention to the widespread socio-economic and environmental impacts of climate change across the continent

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States News

Kerala- India’s First Butterfly Sanctuary.

• • Kerala has renamed the existing Aralam Wildlife Sanctuary as the Aralam Butterfly Sanctuary, making it India’s first forest area dedicated solely to butterflies. Situated in the biodiversity-rich Western Ghats, the sanctuary aims to protect and promote butterfly conservation.

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