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Daily Current Affairs 25th June 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 25th June 2023. It includes all Major National, International, Business and Sports related current affairs of 25th June 2023. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 25th June 2023 Current affairs test.


Sports News

1. Diksha Dagar Clinches Another European Tour Victory

  • Diksha Dagar, an Indian golf player, marked her second victory at the Ladies European Tour (LET) during the Tipsport Czech Ladies Open 2023.
  • The finale witnessed her triumph over Trichat Cheenglab of Thailand.
  • Originally from Jhajjar, Haryana, Dagar earned her first LET title in Cape Town at the 2019 South African Women’s Open.
  • After Aditi Ashok, she is the second Indian female golfer to win two or more LET titles.
  • She also represented India at the Tokyo 2022 Olympics.

National News

2. Haryana’s Jind District Prepares for India’s First Hydrogen-Powered Train

  • Haryana’s Jind district is gearing up to launch India’s inaugural hydrogen-powered train by the end of 2023.
  • The administration has indicated nearing completion of the plant set to extract hydrogen from water.
  • The proposed eight-bogie hydrogen-fueled trains promise a more sustainable mode of travel.
  • In contrast to these, the currently operational trains are powered by diesel and electricity.
  • Currently, only Germany operates hydrogen-powered trains.

3. India Joins Hands with the US in the Artemis Accord

  • India has confirmed its collaboration with the USA by signing the Artemis Accords, targeting broader horizons in space exploration, including Mars.
  • The Artemis Accord, led by the US, is dedicated to returning humans to the moon by 2025 and to ensure sustainable lunar activities beyond the Apollo missions.
  • This partnership paves the way for both countries to embark on joint space ventures.
  • By signing the accord, India has become its 27th signatory.

International News

4. Germany Adopts New Immigration Legislation

  • In response to a severe labor crunch, the German Parliament approved a new immigration law aimed at attracting skilled laborers.
  • Endorsed by a coalition of Social Democrats, Free Democrats, and the Greens, the law introduces a scoring system to evaluate prospective work visa applicants based on skills, age, and language proficiency.

Banking & Economics

5. Technical Education Gets Boost with World Bank Loan

  • The World Bank is providing a substantial loan of USD 255.5 million with the aim of enhancing the quality of technical education in Indian state-run institutions.
  • Over the next five years, nearly 275 selected state-supported technical institutions will benefit from this initiative.
  • The project, named “Multidisciplinary Education and Research Improvement in Technical Education,” seeks to refine student skills and enhance their employment opportunities.

6. REC Pledges Financial Backing for Bangalore Metro

  • REC Limited has committed to fund the Bangalore Metro Rail Corporation Limited (BMRCL) with a sizeable amount of Rs. 3,045 crores.
  • This funding is dedicated to the development of metro routes as part of Bangalore Metro’s Phase-II project.
  • This endeavor by the Phase-II Namma Metro project is set to streamline commuting and reduce traffic congestion in the busy city of Bengaluru.
  • REC, a major Central Public Sector Enterprise, functions under the Ministry of Power.

7. LIC Introduces New Plan ‘Dhan Vridhhi’

  • The Life Insurance Corporation (LIC) has unveiled a new scheme named ‘Dhan Vridhhi’.
  • This plan is a closed-end, single premium, non-linked, non-participating individual life insurance offering, which combines both protection and savings.
  • In addition to providing a lump sum upon maturity, it ensures financial support for beneficiaries in the unfortunate event of the policyholder’s passing.
  • The policy starts with a minimum guaranteed sum of Rs 1,25,000.

8. IOB Collaborates with Tamil Nadu Initiative for SHGs

  • The Indian Overseas Bank (IOB) and the Tamil Nadu State Rural Livelihood Mission (TNSRLM) have entered into a Memorandum of Understanding.
  • This agreement is designed to facilitate financial support for eligible Self Help Groups (SHGs) in Tamil Nadu through IOB.
  • The primary goal is to increase SHGs’ access to financial resources, enabling them to initiate business activities, expand their entrepreneurial ventures, and contribute to the state’s economic growth.

9. World Bank Announces Relief for Disaster-Afflicted Nations

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  • Ajay Banga, the President of the World Bank, announced support measures for countries affected by natural disasters, which include temporary suspension of debt repayments.
  • This initiative follows the International Monetary Fund’s success in allocating $100 billion in special drawing rights for vulnerable nations.
  • This significant announcement came during the “Summit for a New Global Financial Pact”, which aims to provide enhanced financial aid during crises for less wealthy nations and reduce their debt burdens.

National & Global Institutions

10. Harish Bhat Climbs Forbes’ CMO List

  • Harish Bhat, the brand custodian of Tata Group, has been recognized by Forbes among the top ten influential Chief Marketing Officers for the second consecutive year, securing the 10th position this year.
  • While he was ranked ninth in the previous year, the 2023 Forbes list is topped by Walmart’s William White.
  • Additionally, Ashimita Dubey of L’Oreal is ranked 21st, and Sumit Virmani from Infosys is at the 41st position.
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