Current Affairs 29 & 30 June 2025

We are here for you to provide the important Recent and Latest Current Affairs 29 & 30 June 2025, which have unique updates of Latest Current Affairs 2025 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

Union Labour Minister Dr. Mansukh Mandaviya Chaired 196th Meeting of ESIC at Shimla, HPIn June 2025, the Union Minister Dr. Mansukh Mandaviya, Ministry of Labour & Employment (MoL&E) and Ministry of Youth Affairs & Sports (MYAS), chaired the 196th meeting of the Employees’ State Insurance Corporation (ESIC) at Shimla in Himachal Pradesh (HP).

• During the high-level meeting, some key reform measures and policy initiatives were undertaken which aimed to expand social security, enhance healthcare delivery, and promote voluntary compliance.

Key Initiatives Launched:
i.During the meeting, ESIC has decided to re-launch SPREE (Scheme to Promote Registration of Employers/ Employees) scheme, aimed to expand ESI coverage across the country.

• As per ESIC, the renewed SPREE scheme will be available from July 01, 2025 to December 31, 2025.

ii.ESIC has also approved the Amnesty Scheme-2025, one-time dispute resolution window, which will be effective from October 01, 2025 to September 30, 2026.
iii.ESIC has decided to simplify its damages framework by replacing the previous framework of graded penalty system with a fixed rate.

• The maximum rate of damage has now been reduced to 1% for every month on the amount payable by the employer, from 25% per annum.

About Employees’ State Insurance Corporation (ESIC):
Director General (DG)- Ashok Kumar Singh
Headquarters- New Delhi
Established- 1952
>>Read Full News

Union Minister Nirmala Sitharaman Chaired the Annual Review Meeting with MDs & CEOs of PSBs in New DelhiIn June 2025, Union Minister Nirmala Sitharaman, Ministry of Finance (MoF) and Ministry of Corporate Affairs (MoCA), chaired a high-level meeting to review the performance of Public Sector Banks (PSBs) across various areas of banking sector such as: financial parameters, credit offtake, financial customer service,  grievance redressal, digital banking and cyber security.

• Union Minister of State (MoS) Pankaj Chaudhary, MoF; M. Nagaraju, Secretary of Department of Financial Services (DFS), MoF; Managing Directors (MDs) of PSBs; and other senior officials of DFS were present at the meeting.

Key Points:
i.Union Minister Nirmala Sitharaman acknowledged the robust financial performance of PSBs in recent years and particularly in Financial Year 2024-25 (FY25), where they registered a record-high net profit of Rs 1.78 lakh crore (compared to Rs 1.04 lakh registered in FY23).
ii.During the meeting, it was highlighted that the total business of PSBs increased from Rs 203 lakh crore (FY23) to Rs 251 lakh crore (FY25).
iii.The Net Non-Performing Assets (NNPAs) of the PSBs decreased from 1.24% (FY23) to 0.52%(FY25), showing improved asset quality and risk management.
iv.PSBs are well capitalised, with a Capital to Risk-Weighted Assets Ratio (CRAR) of 16.15% as of March 2025.
>>Read Full News

MoRTH Mandates ABS for all Two-Wheelers from January 1, 2026On June 27, 2025, the Ministry of Road Transport and Highways (MoRTH),Government of India (GoI), notified draft rules which mandated all two-wheelers manufactured on and after January 1, 2026, to be fitted with Anti-Lock Braking System (ABS).

• It has also directed all two-wheeler manufacturers to supply two protective helmets, adhering to specifications prescribed by the Bureau of Indian Standards (BIS), at the time of purchase.

Key Points:
i.The move is aimed at reducing accidents involving motorcycles and scooters. As per a data from the government, nearly 20% of India’s 151,997 road accidents in 2022 were related to two-wheelers.
ii.Death due to two-wheeler accidents rose by 8% in 2022, claiming nearly 75,000 lives, which is 44% of the 1,68,491 road accident deaths in 2022. However, it could lead to an increase in the cost of two-wheelers.
iii.Currently, ABS is mandatory for two-wheeler models above 150 cubic capacity (cc), the lower-capacity models are currently equipped with a Combined Braking System (CBS).
Anti-lock Braking System (ABS):
i.ABS is designed to prevent wheel lock-up during sudden braking, reducing the livelihood of skidding and crashes.
ii.They achieve this by rapidly pulsing the brakes, preventing the wheels from skidding and allowing the driver to steer around obstacles.
iii.ABS helps the driver to maintain steering control and stability, especially on slippery and uneven surfaces.
iv.ABS are of two types, such as Single-channel ABS, which controls brakes on only one wheel (usually the front), and Dual-channel ABS, which controls brakes on both wheels.
About the Ministry of Road Transport and Highways (MoRTH):
Union Minister – Nitin Jairam Gadkari (Constituency – Nagpur, Maharashtra)
Minister of State (MoS) – Ajay Tamta (Constituency – Almora, Uttarakhand), Harsh Malhotra (Constituency – East Delhi, Delhi)

Sugamya Bharat App Revamped to Enhance Accessibility for Divyangjan and Elderly Citizens
In June 2025, the Department of Empowerment of Persons with Disabilities (DEPwD), under the Ministry of Social Justice and Empowerment (MoSJE), announced the revamp of its flagship initiative ‘Sugamya Bharat App (SBA)’ to further strengthen accessibility for Persons with Disabilities (PwDs) and elderly citizens across India.

• The SBA was originally launched in 2021, empowering citizens to report accessibility challenges in public infrastructure, transportation, and Information and Communication Technology (ICT) systems.
• Users can upload geo-tagged photos highlighting the inaccessible spots, facilitating authorities to take timely corrective action.

i.The revamped SBA offers a more intuitive and user-friendly interface for easy navigation. It features an Artificial Intelligence (AI) powered chatbot to assist users in real time and provides regular circulars and notifications on new initiatives related to accessibility.

• Additionally, it integrates information about government schemes and resources that are valuable for persons with disabilities.

ii.The SBA aligns with the Accessible India Campaign, launched in December 2015, to build a barrier-free  and inclusive nation.
iii.As per the 2011 Census, India has 26.8 million persons with disabilities (2.21%) which rose to 2.3% in the National Sample Survey(NSS) 2018. The app helps citizens report accessibility issues, supporting an inclusive society.

Union Minister Pralhad Joshi Inaugurates 5 GWh BESS Manufacturing Facility in Bengaluru
In June 2025, Union Minister Pralhad Joshi, Ministry of New and Renewable Energy (MNRE), inaugurated a Battery Energy Storage Systems (BESS) manufacturing facility in the Bidadi Industrial Area, Bengaluru, Karnataka. The facility contributes to India’s target of 500 GW of non-fossil fuel capacity by 2030.

• Union Minister Pralhad Joshi announced an additional Rs.5,400 crore in Viability Gap Funding (VGF) to support building 30 GWh of battery storage systems.  This new funding adds to the existing Rs.3,700 crore under the current VGF scheme.

i.The new BESS facility has an annual manufacturing capacity of 5 Gigawatt hours (GWh), making it one of the largest and most advanced BESS plants in India.
ii.The BESS facility, developed by Bengaluru based Lineage Power Private Limited, is equipped with a fully automated cell-to-pack assembly line, ensuring precision and minimal human intervention.
iii.It enhances grid stability, integrates renewable energy, manages peak demand, and maintains frequency regulation.
Note: According to the India Energy Storage Alliance (IESA), the energy storage sector in India is projected to attract an investment of Rs. 4.79 lakh crore by 2032.

MEPZ SEZ and C-DAC Signs MoU to Bridge the Digital Skill Gap
In June 2025, Chennai, TamilNadu(TN) based Madras Export Processing Zone Special Economic Zone (MEPZ SEZ), under the Ministry of Commerce and Industry (MoCI) has formally partnered with the Pune (Maharashtra) based Centre for Development of Advanced Computing (C-DAC), a premier Research and Development (R&D) institution under the Ministry of Electronics and Information Technology (MeitY).

• The Memorandum of Understanding (MoU) was signed in Tech-Verse 2025 event in New Delhi(Delhi), in the presence of S. Krishnan, Secretary, MeitY and Director-General(DG) E. Magesh, C-DAC.

i.The strategic partnership is aimed at bridging critical gaps and enhancing employability aligned with Skill India and Digital India missions.
ii.It will support skill development for professionals and students in the TN,  Andaman, and Puducherry (TAP) region.
iii.Under this collaboration, an IT Skill Development Centre will be established within the MEPZ SEZ campus to provide hands-on training in High-Performance Computing (HPC), Artificial Intelligence (AI), Internet of Things (IoT), Quantum Computing, Drone Technology, and Cyber Security. This training facility aims to equip the local workforce with advanced digital skills, making them better prepared to meet industry requirements.
iv.In addition technical training, the partnership will focus on structured capacity-building programs for SEZ personnel, ensuring continuous alignment with industry trends, to promote inclusive, innovative-driven industrial growth across the region.

Union MoS Jayant Chaudhary Unveiled report on “Skills for the Future: Transforming India’s Workforce Landscape”
In June 2025, Union Minister of State (MoS) (Independent Charge) Jayant Chaudhary, Ministry of Skill Development and Entrepreneurship (MSDE) has unveiled a report titled “Skills for the Future: Transforming India’s Workforce Landscape”, developed by the Gurugram (Haryana) based Institute for Competitiveness (IFC) in New Delhi(Delhi).

• The report presents a detailed examination of the skills landscape in India, focusing on educational attainment, occupational distribution, and attainment of technical and vocational education and training of the workforce (TVET).

i.The report’s analysis of Periodic Labour Force Survey (PLFS) 2023-24 data shows that 88% of India’s workforce is employed in low-competency occupations, while only about 10–12% are engaged in high-competency roles.
ii.Using PLFS (2023-24) data, five sectors such as Information Technology (IT) and IT enabled services (ITes), Textile and Apparel, Electronics, Healthcare and Life Sciences, and Beauty and Wellness, accounted for over 66% of vocational training in India.
iii.The report has recommended multifaceted and targeted inventions to develop a resilient and future-ready workforce. It has further recommended a dedicated, standardized data collection system to generate estimates about skill requirements, enabling targeted evidence-based reforms and policies.

INTERNATIONAL AFFAIRS

UP’s Salkhan Fossils Park Added to UNESCO’S Tentative List of World Heritage SitesIn June 2025, Salkhan Fossils Park, also known as Sonbhadra Fossils Park, located in Salkhan village, Sonbhadra district of Uttar Pradesh (UP), was added to the Tentative List of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites.

• The recognition marks the first formal step towards its inscription as a UNESCO World Heritage Site.
• India has a total of 63 sites on UNESCO’s Tentative List as of June 2025.

About Salkhan Fossils Park:
i.Area Covered: Approximately 25 hectares.
ii.Geological Significance: Contains stromatolites, layered sedimentary formations created by ancient cyanobacteria (blue-green algae)

• Fossils are estimated to be around 1.4 billion years old, dating back to the Mesoproterozoic era (1.6 to 1.0 billion years ago).
• Embedded in Bhander limestone of the Kaimur range, part of the Vindhyan Supergroup (UP), one of the oldest and best-preserved Proterozoic rock formations in the world.

iii.Ecological Context – Situated within the Kaimoor Wildlife Sanctuary(KWLS) (UP), rich in dry deciduous forests and riverine ecosystems.
>>Read Full News

BANKING & FINANCE

RBI Report: India Records Current Account Surplus of USD 13.5 Billion in Q4 FY25On June 27, 2025, the Reserve Bank of India (RBI) released data on ‘India’s Balance of Payments for Q4 (January–March) FY25’, showing that India’s current account balance posted a surplus of USD 13.5 billion (1.3% of Gross Domestic Product, GDP) in the fourth quarter (Q4) of Financial Year 2024–25 (FY25).

• This surplus was higher compared to USD 4.6 billion (0.5% of GDP) in Q4 FY24, and a significant improvement from a deficit of USD 11.3 billion (1.1% of GDP) in Q3 FY25.

Key Highlights:
i.Merchandise Trade Deficit: Moderated to USD 59.5 billion from USD 79.3 billion in Q3 FY25, though higher than USD 52 billion in Q4 FY24.
ii.Net Services Receipts: Increased to USD 53.3 billion, from USD 42.7 billion in Q4 FY24.
iii.Remittances (Personal Transfers): Rose to USD 33.9 billion, up from USD 31.3 billion in Q4 FY24.
iv.Current Account Deficit (CAD): Narrowed to USD 23.3 billion (0.6% of GDP) from USD 26 billion (0.7% of GDP) in FY24, aided by higher net invisibles receipts (services and remittances).

• For FY26, the CAD is expected to average 1% of GDP, assuming crude oil prices stabilize at USD 70/barrel.

>>Read Full News

Instifi Fintech Secures RBI License to Operate as PA
On 27 June 2025, Panaji (Goa) based Instifi, a homegrown financial technology (fintech) venture, has received Certificate of Authorization (COA), a final authorization from the Reserve Bank of India (RBI) to operate as a licensed online Payment Aggregator (PA) under the Payments and Settlement Systems (PSS) Act, 2007.

• The approval positions Instifi as the only company based in Goa to hold the authorization, marking a significant step forward for Goa’s digital economy.

i.Instifi, operating under Instanow Info Systems Pvt Ltd, demonstrates a strong focus on innovation, regulatory compliance, and delivering high-quality financial services.
ii.Instifi offers a robust suite of digital payment solutions, including credit/debit card processing, Unified Payment Interface (UPI) services, net banking, and virtual accounts.
iii.The platform is tailored to serve both businesses and underserved markets across India.
iv.Instifi aims to become a hub for Goan tech talent, driving digital transformation and creating sustainable growth opportunities within Goa.

RBI Penalizes Four Co-Operative Banks for Regulatory Non-Compliance
On June 27, 2025, the Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks for breaching various provisions under the Banking Regulation (BR) Act, 1949 and failing to comply with critical RBI guidelines.

• The four cooperative banks are Hyderabad (Telangana) based Hyderabad District Cooperative Central Bank (HDCCB), Karimnagar (Telangana) based Karimnagar District Cooperative Central Bank (KDCCB), Chittoor (Andhra Pradesh, AP) based Chittoor Co-operative Town Bank (CCTB), and Bengaluru (Karnataka) based Karnataka Co-operative Bank (KCB).

i.The penalties are part of the RBI’s push towards accountability and sound governance in the cooperative sector.
ii.HDCCB and the KDCCB are fined for Rs. 1 lakh each. The fines were imposed for violations of Section 20 read with Section 56 of the Banking Regulation(BR) Act, 1949, which deals with restrictions on granting loans and advances
iii.CCTB was fined Rs.1 lakh for failing to comply with RBI instructions concerning Urban Cooperative Banks (UCBs), regarding exposure norms and Know Your Customer (KYC) lines
iv.KCB was penalized Rs.1 lakh for comparable non-compliance, charged under Section 47A(1)(c) along with Sections 46 (4)(i) and 56 of the BR Act, 1949.

ECONOMY & BUSINESS

SEPC & IAMAI Sign MoU to Boost India’s Digital Services Exports
In June 2025, New Delhi (Delhi) based Services Export Promotion Council (SEPC), established by Ministry of Commerce and Industry (MoC&I), and Mumbai (Maharashtra) based Internet and Mobile Association of India (IAMAI) signed a Memorandum of Understanding (MoU) to enhance India’s digital services exports and strengthen the global presence of Indian digital businesses.

• The MoU aims to promote international market access, enabling Indian companies to enter and expand in global markets.

i.It also aims to address trade-related policy challenges by establishing joint working groups with relevant government ministries and regulators like MoC&I, to resolve trade-related bottlenecks.

• These groups will engage with policymakers to streamline procedures, improve compliance, and address operational barriers for exporters.

ii.The collaboration will focus on building export readiness through structured support and initiatives.
iii.The partnership will especially promote high-potential digital verticals, including Advertising Technology (AdTech), Financial Technology (FinTech), Healthcare Technology (HealthTech), Software as a Service (SaaS), Digital Entertainment, Educational Technology (Edutech), Agriculture Summit Solutions and Cross-Border E-commerce.
Note: Established in 2004, the IAMAI is a not-for-profit industry organization registered under the Societies Registration Act, 1860. It stands as the sole representative body for India’s digital services sector.

ACQUISITIONS & MERGERS

HDFC MF Buys 0.65% Stake in Sundram Fasteners for Rs.137 Crore
In June 2025, Mumbai (Maharashtra) based HDFC Mutual Fund (MF), a wholly owned subsidiary of HDFC Asset Management Company (AMC), purchased 0.65% (13.70 lakh shares) of Chennai (Tamil Nadu, TN) based Sundram Fasteners Limited, for Rs. 137.02 crores, at an average price of Rs.1,000 per share through an Open Market transaction.

• Through this transaction, HDFC MF’s holding in Sundaram Fasteners rose to 5.02% from 4.27%.

i.Sundram Fasteners, started in 1966, is an auto components supplier. It is Part of The TVS Group. Its production encompasses fasteners, power train components, sintered metal products, iron powder, cold extruded parts, radiator caps, water pumps, oil pumps and wind energy components.
ii.In a separate transaction, Singapore-based Cube Mobility Investments sold 0.59% stake (79.25 lakh shares) in Noida (Uttar Pradesh, UP) based Cube Highways Trust for Rs.101 crores, at an average price of Rs.127.50 per share.

SPORTS

Indian GM Praggnanandhaa Clinched UzChess Cup Masters 2025, Becomes India’s No:1On 27 June 2025, Indian Chess Grandmaster (GM) Rameshbabu Praggnanandhaa won the 2nd UzChess Cup Masters title at Tashkent, Uzbekistan. With this win, his live elo rating increased to 2778.3, elevating him as India’s No:1 chess player and World No: 4.

• The 19-year-old GM defeated Nodirbek Abdusattorov of Uzbekistan in the final round to seal the championship.
• GM Magnus Carlsen (2839.2) remains world No:1, followed by GM Hikaru Nakamura (2807.0) and GM Fabiano Caruana (2784.2).

About UzChess Cup Masters 2025:
i.The tournament was held from June 19 to 27, 2025.
ii.The Masters section featured a single round-robin with 10 elite players over 9 rounds.
iii.The total prize money amounted to USD 121,500, with USD 80,000 allocated to the “Masters” group, USD 25,000 to the “Challengers,” USD 11,500 to the “Futures,” and USD 5,000 to the “Open” group.

Top 5 Final Standings of UzChess Cup Masters:

About Ramesh Praggnanandhaa:
i.Praggnanandhaa became the youngest (10 years, 10 months, and 19 days) International Master (IM) in 2016.
ii.In 2023, he became runner-up at the Chess World Cup and secured a place in the 2024 Candidates Tournament.
iii.In 2024, he won gold with India in the Open Section of the 45th Chess Olympiad, held in Budapest, Hungary.
About Uzbekistan:
President – Shavkat Mirziyoyev
Capital – Tashkent
Currency – Uzbekistani Som, UZS

ICC Approves New Playing Conditions for International Cricket from July 2025In June 2025, Dubai, United Arab Emirates (UAE) based International Cricket Council (ICC) approved several important changes to the playing conditions for men’s international cricket, covering both red-ball (Test matches) and white-ball formats (One Day Internationals (ODIs) and Twenty20 (T20) matches) to enhance game flow, fairness, and tactical balance.

• While some rules have already been implemented during the ongoing ICC World Test Championship (WTC) 2025–2027 cycle, other rules will come into effect from July 2, 2025.

1. Stop Clock Mandated in Test Cricket
The stop clock rule, introduced earlier in white-ball formats to tackle slow over-rates, will now be applied in Test cricket. Under this regulation:
i.The fielding side must begin a new over within 60 seconds after the previous over ends.
ii.If they fail to comply, they will receive two warnings.
iii.A third failure will result in a five-run penalty awarded to the batting team.
iv.The two warnings will reset to zero after every 80 overs.
Note: This rule has already been enforced in the ICC WTC 2025–2027.
2.ODI Ball Usage Revised
i.Two new balls will continue to be used for the first 34 overs of an innings. From the 35th over, the fielding team selects one ball (the better-conditioned one) for the remaining 16 overs.
ii.This rule change aims to encourage reverse swing, particularly in the final overs, and to create a fairer balance between the bat and ball during the death overs.
3.Penalty for Deliberate Short Runs
If a batter deliberately fails to make their ground to attempt an extra run:
i.The batting side will face a five-run penalty, which already existed under the previous rule.
ii.Additionally, the fielding team will now have the right to decide which batter remains on strike.
4.Boundary Catch Clarification
Fielders who touch the ball while airborne beyond the boundary must:
i.Touch the ball only once while they are in the air outside the field.
ii.Land completely inside the boundary to complete a legal catch.
About International Cricket Council (ICC):
Chairman – Jay Shah
Headquarters – Dubai, the United Arab Emirates (UAE)
Established – 1909

Inaugural Hockey Masters Cup 2025: Odisha Women, Tamil Nadu Men Crowned Champions
On June 27, 2025, Bhubaneswar (Odisha) based Hockey Association of Odisha (Women), and Chennai (Tamil Nadu, TN) based Hockey Unit of Tamil Nadu (Men) were crowned Champions of the inaugural edition of Hockey India Masters Cup 2025, held at the Mayor Radhakrishnan Hockey Stadium in Chennai, TN.

• Odisha Women team defeated Hockey Punjab (Women) for 1-0 and TN Men’s Hockey team defeated Hockey Maharashtra (Men)’s team for 5-0 to lift the trophy.

i.Hockey Haryana won the bronze medal in the women’s category after defeating the Hockey unit of TN 4-3 in a closely contested game.
ii.Hockey Chandigarh defeated the Hockey Association of Odisha 2-1 in the men’s category to finish their campaign on the podium.
iii.In the Men’s category, 12 teams split into four pools (A-D), leading to semis and finals.
iv.In the Women’s category, 8 teams were split into two pools (A-B).

BOOKS & AUTHORS

Jagadish Shukla’s Book “A Billion Butterflies: A Life in Climate and Chaos Theory” Released
Jagadish Shukla, an eminent Indian Meteorologist, has authored a book titled “A Billion Butterflies: A Life in Climate and Chaos Theory”, a personal memoir as well as a log about the course weather and climate.

• The book has been published by New Delhi (Delhi) based Pan Macmillan Publishing India Private Limited.

i.Jagadish Shukla has shared about his journey from a remote Indian village to global prominence in climate science.
ii.He has mentioned how he challenged conventional beliefs about weather unpredictability through his “billion butterfly” experiments.
iii.In 2007, he co-led the Intergovernmental Panel on Climate Change (IPCC), which jointly received the Nobel Peace Prize with former United  State of America(USA) Vice President Al Gore. That same year, he was also honoured with the International Meteorological Organization (IMO) Prize, regarded as the highest international award in the field of meteorology.
iv.He was conferred Padma Shri in 2012 for his contributions in the field of Science and engineering.
v.He currently serves as a Professor in the Virginia, USA based George Mason University.

IMPORTANT DAYS

National Insurance Awareness Day 2025- June 28National Insurance Awareness Day is annually observed on June 28 to raise awareness about the significance of insurance, a financial product which protects individuals, families, and businesses from financial risks.

• The day encourages people to review their current insurance policies and assess if they need any changes or additional coverage.

i.Insurance is a legal agreement between the insurer (insurance company) and the insured (individual), governed by specific terms and conditions.
ii.In India, the emergence of insurance was witnessed with the establishment of the Oriental Life Insurance Company in 1818, in Calcutta (now Kolkata) in West Bengal (WB).
iii. Insurance plans offer attractive tax benefits for instance: life insurance premiums are eligible for deductions up to Rs 1.5 lakh under Section 80C, and death benefits are tax-exempt under Section 10 (10D) of the Income-tax Act, 1961.
>>Read Full News

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