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Daily Current Affairs: 21 June 2025

Current affairs of 21 June 2025: BSNL Quantum 5G FWA: India’s First SIM-less 5G Broadband; D2D Satellite Connectivity: Phones Talking Directly to Satellites; 100% FDI in Insurance: Amendments Planned for Monsoon Session, and 14 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)June 2025

In this issue: 17 topics

National Affairs

International Day of Yoga 2025: 11th IDY Theme and Venue

Banking & Finance

100% FDI in Insurance: Amendments Planned for Monsoon Session
Small Finance Banks PSL Target Cut to 60% by RBI
Parametric Insurance in India: Automatic Payouts for Weather Risk
Fino Payments Bank Fined ₹29.6 Lakh by RBI Over Balance Limit
SEBI Consultation Paper on Responsible AI/ML Use in Markets
Bajaj Allianz State-wise Health Insurance Policy Launched
RBI Master Circular on Credit to SC/ST Communities
RBI Master Direction on Electronic Trading Platforms 2025
NABARD Green Lending Facility: ₹10,000 Crore Planned for FY25
SEBI Nod for Tata Capital’s ₹17,200 Crore IPO

Economy

G-Sec Yield Spread Widens to 48 bps on RBI Easing
CCI Cost of Production Regulations 2025 on Predatory Pricing

Agriculture & Rural

Nabcons AI Projects: Water Bodies, Carbon Credits, Agri Tech
Prosperity through Cooperatives: Chouhan’s Mumbai Seminar

Science & Technology

BSNL Quantum 5G FWA: India’s First SIM-less 5G Broadband
D2D Satellite Connectivity: Phones Talking Directly to Satellites

National Affairs

Health & Social Issues

1. International Day of Yoga 2025: 11th IDY Theme and Venue

The 11th International Day of Yoga (IDY) was observed on June 21, 2025.
The national event was held in Visakhapatnam under Prime Minister Narendra Modi.
The theme was 'Yoga for One Earth, One Health'.

Full notes and 3 MCQs ›

Banking & Finance

2. 100% FDI in Insurance: Amendments Planned for Monsoon Session

Amendments to the Insurance Act are planned for the Monsoon Session to permit 100% FDI, up from 74%.
Foreign insurers may get a majority of nonresident board members and KMPs.
IRDAI regulation will continue.

Full notes and 3 MCQs ›

Banking & Finance

3. Small Finance Banks PSL Target Cut to 60% by RBI

RBI cut the PSL target for Small Finance Banks from 75% to 60% from FY26.
Sub-targets: micro enterprises 7.5%, weaker sections 12%.
Renewable energy loans qualify up to ₹35 crore for projects.

Full notes and 3 MCQs ›

Banking & Finance

4. Parametric Insurance in India: Automatic Payouts for Weather Risk

Parametric insurance pays automatically once predefined thresholds such as temperature or rainfall are reached.
No claim filing or damage assessment is needed.
Daily payouts range from ₹500 to ₹2,000; hospitalisation allowance goes up to ₹5,000.

Full notes and 3 MCQs ›

Banking & Finance

5. Fino Payments Bank Fined ₹29.6 Lakh by RBI Over Balance Limit

RBI fined Fino Payments Bank ₹29.6 lakh for breaching payments bank licensing norms.
The bank exceeded the ceiling on end-of-day customer balances.
Payments banks cannot lend; balance limit is ₹2 lakh per customer.

Full notes and 3 MCQs ›

Banking & Finance

6. SEBI Consultation Paper on Responsible AI/ML Use in Markets

SEBI proposed a framework for responsible AI and ML use in the securities market.
Five pillars: model governance, investor protection, testing, fairness, data privacy and cybersecurity.
The proposals come from a SEBI working group of experts and stakeholders.

Full notes and 3 MCQs ›

Banking & Finance

7. Bajaj Allianz State-wise Health Insurance Policy Launched

Bajaj Allianz General Insurance launched a State-wise Health Insurance Policy across 25 states and 5 UTs.
Plans reflect local hospitals, diseases, treatment costs and affordability, with local names like "AapKe Liye".
Renewal is allowed for life with no age limit.

Full notes and 3 MCQs ›

Banking & Finance

8. RBI Master Circular on Credit to SC/ST Communities

RBI released a Master Circular covering credit facilities for SCs and STs, aiming at wider credit access.
DAY-NRLM (1 April 2013) needs at least 50% SC/ST beneficiaries; DRI gives loans up to ₹15,000 at 4%.
CEGSSC, launched 6 May 2015 with IFCI Ltd. as nodal agency, gives guarantee cover of ₹0.15 crore to ₹5 crore.

Full notes and 3 MCQs ›

Banking & Finance

9. RBI Master Direction on Electronic Trading Platforms 2025

RBI's Master Direction on Electronic Trading Platforms (16 June 2025) replaces 2018 guidelines with immediate effect.
Operators must be Indian-incorporated with a net worth of at least ₹5 crore.
Applications go through the PRAVAAH portal.

Full notes and 3 MCQs ›

Banking & Finance

10. NABARD Green Lending Facility: ₹10,000 Crore Planned for FY25

NABARD plans about ₹10,000 crore of disbursement in FY25 under its new Green Lending Facility.
Borrowers include central and state governments, government agencies and private entities.
The minimum loan size is ₹100 crore.
Eligible projects include ethanol plants, electric vehicles and other climate-aligned initiatives.

Full notes and 3 MCQs ›

11. SEBI Nod for Tata Capital’s ₹17,200 Crore IPO

SEBI approved Tata Capital's IPO worth ₹17,200 crore.
Tata Capital is a subsidiary of Tata Sons; the issue includes an offer for sale by Tata Sons.
The filing used the confidential draft red herring prospectus (DRHP) route.
The listing was expected to open by September 2025.

Full notes and 3 MCQs ›

Economy

12. G-Sec Yield Spread Widens to 48 bps on RBI Easing

The 3-year to 10-year G-sec spread widened to 48 bps from 15 bps at FY26 start.
Yields: 3-year 5.83%, 10-year 6.31%.
Drivers: easing, liquidity and a 100 bps CRR cut.

Full notes and 3 MCQs ›

Polity & Governance

13. CCI Cost of Production Regulations 2025 on Predatory Pricing

CCI notified the Determination of Cost of Production Regulations, 2025 to assess predatory pricing using Average Total Cost.
Predatory pricing means a dominant firm sets prices below cost to remove rivals and later gain monopoly power.
Intent is hard to prove under Section 4 of the Competition Act.

Full notes and 3 MCQs ›

Agriculture & Rural

Agriculture & Rural Development

14. Nabcons AI Projects: Water Bodies, Carbon Credits, Agri Tech

Nabcons, NABARD's consultancy arm, is applying AI, GIS and open-source tools to agriculture and water monitoring.
Its AI Hawk-Eye system tracks water bodies and encroachments around Chennai.
A Kolar (Karnataka) pilot with Rabobank sells Carbon Removal Units from agroforestry farmers via ACORN.

Full notes and 3 MCQs ›

Government Schemes

15. Prosperity through Cooperatives: Chouhan’s Mumbai Seminar

The UN declared 2025 the International Year of Cooperatives; Union Agriculture Minister Shivraj Singh Chouhan addressed the seminar in Mumbai.
Agriculture contributes 18% of India's GDP and supports 46% of the population.
Foodgrain production has risen 44% in 11 years.

Full notes and 3 MCQs ›

Science & Technology

Science & Technology

16. BSNL Quantum 5G FWA: India’s First SIM-less 5G Broadband

BSNL soft-launched Quantum 5G Fixed Wireless Access at its Ameerpet Exchange in Hyderabad.
It is billed as India's first indigenous, SIM-less 5G FWA service.
Authentication runs on BSNL's Direct-to-Device (D2D) platform, so no physical SIM is needed.
Core, RAN and CPE were all built by Indian vendors under Atmanirbhar Bharat.

Full notes and 3 MCQs ›

Science & Technology

17. D2D Satellite Connectivity: Phones Talking Directly to Satellites

Direct-to-Device (D2D) lets ordinary smartphones connect straight to satellites without towers.
It relies on Low-Earth Orbit satellites and licensed spectrum compatible with 4G/5G.
BSNL soft-launched Quantum 5G FWA with SIM-less authentication on its own D2D platform in Hyderabad.

Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 21 June 2025, with answers and explanations.