Daily Current Affairs: 7 June 2025

Current affairs of 7 June 2025: Pandya-Era Shiva Temple Found at Udampatti, Madurai; UMEED Portal for Waqf Property Management; Bharatiya Bhasha Anubhag: Indian Languages Section Launched, and 12 more topics. Key facts for every exam, with a quiz.

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In this issue: 15 topics

National Affairs

Pandya-Era Shiva Temple Found at Udampatti, Madurai
Bharatiya Bhasha Anubhag: Indian Languages Section Launched
NeVA Launch in Puducherry: One Nation One Application
Ladakh Regulations Under Article 240: Domicile and Quota

Government Schemes

UMEED Portal for Waqf Property Management

Banking & Finance

Gold Loan LTV Raised to 85% for Loans Up to ₹2.5 Lakh
NBFC-MFI Qualifying Asset Norm Cut to 60% by RBI
RBI Bank Licensing and Ownership Norms Review: Malhotra’s Signals
RBI Penalties on PayMe India and Two Cooperative Banks
Mehul Choksi Assets Attached by SEBI for ₹2.1 Crore Dues

Economy

RBI Rate Cut to 5.5%: MPC Backs Growth Over Inflation

International Affairs

India-Central Asia Dialogue: 4th Edition Outcomes
BRICS Parliamentary Forum: India Chairs 12th Edition in 2026
Modi to Attend G-7 Summit in Kananaskis, Canada

Defence & Security

INS Arnala: First Anti-Submarine Shallow Water Craft

National Affairs

History, Art & Culture

1. Pandya-Era Shiva Temple Found at Udampatti, Madurai

A later-Pandya Shiva temple, Thennavanisvaram, was unearthed at Udampatti, Melur taluk, Madurai.
It dates to 1217-1218 CE, under Maravarman Sundara Pandya.
Two Tamil inscriptions record a 64-kasu land and waterbody sale.

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Polity & Governance

2. Bharatiya Bhasha Anubhag: Indian Languages Section Launched

Union Home Minister Amit Shah launched the Bharatiya Bhasha Anubhag (BBA), meaning the Indian Languages Section.
The BBA aims to institutionalise Indian languages in administration and cut reliance on foreign languages.
A budget of ₹56 crore is listed for 2024-25.
It will help translate documents among Indian languages and Hindi.

Full notes and 3 MCQs ›

Polity & Governance

3. NeVA Launch in Puducherry: One Nation One Application

NeVA is a digital platform for paperless working of State and UT legislatures, built on the One Nation - One Application idea.
It was inaugurated on 9 June 2025 at the Puducherry Legislative Assembly by the Union Minister for Parliamentary Affairs.
Project cost is ₹673.94 crore as a centrally sponsored scheme, approved on 15 January 2020.

Full notes and 3 MCQs ›

Polity & Governance

4. Ladakh Regulations Under Article 240: Domicile and Quota

Regulations for Ladakh were issued under Article 240 of the Constitution, not through Sixth Schedule status.
Domicile criteria include 15 years of residence, or 7 years of study with Class 10 or 12 examination in Ladakh.
Reservations for SCs, STs, OBCs and other backward groups are capped at 85%; EWS quota stays at 10%.
Official languages: English, Hindi, Urdu, Bhoti and Purgi; one-third of LAHDC seats go to women.

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Government Schemes

Polity & Governance

5. UMEED Portal for Waqf Property Management

Union Minority Affairs Minister Kiren Rijiju launched the UMEED portal for managing Waqf properties across India.
UMEED stands for Unified Waqf Management, Empowerment, Efficiency and Development.
It enables real-time upload, verification and monitoring of Waqf properties.

Full notes and 3 MCQs ›

Banking & Finance

Economy

6. Gold Loan LTV Raised to 85% for Loans Up to ₹2.5 Lakh

Gold loan LTV up to ₹2.5 lakh rises from 75% to 85%.
₹2.5-5 lakh: 80%; above ₹5 lakh: 75% cap.
Pledge limits: gold ornaments 1 kg, silver 10 kg.

Full notes and 3 MCQs ›

Banking & Finance

7. NBFC-MFI Qualifying Asset Norm Cut to 60% by RBI

RBI lowered the qualifying asset threshold for NBFC-MFIs from 75% to 60%.
The 60% level must be maintained on an ongoing basis.
Failure for four consecutive quarters requires a remediation plan for RBI review and approval.
The change lets NBFC-MFIs diversify beyond microfinance loans.

Full notes and 3 MCQs ›

Banking & Finance

8. RBI Bank Licensing and Ownership Norms Review: Malhotra’s Signals

RBI is reassessing bank licensing and ownership rules; Governor Sanjay Malhotra wants more banks and trustworthy promoters.
SMBC plans a 20% stake in Yes Bank for ₹13,482 crore; Emirates NBD eyes a majority stake in IDBI Bank.
RBI may create a separate framework for Type I NBFCs if their risk profile needs it.

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Banking & Finance

9. RBI Penalties on PayMe India and Two Cooperative Banks

RBI fined PayMe India ₹2 lakh for taking public deposits and an unapproved shareholding change above 26%.
Two Maharashtra co-operative banks were fined ₹2 lakh and ₹1 lakh over KYC and supervisory lapses.
In May 2025 RBI fined SBI ₹1.72 crore and Jana Small Finance Bank ₹1 crore.

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Banking & Finance

10. Mehul Choksi Assets Attached by SEBI for ₹2.1 Crore Dues

SEBI attached Mehul Choksi's bank, demat and mutual fund holdings to recover ₹2.1 crore.
Dues stem from insider trading in Gitanjali Gems: ₹1.5 crore fine plus ₹60 lakh interest.
The attachment order is dated 4 June 2025.

Full notes and 3 MCQs ›

Economy

11. RBI Rate Cut to 5.5%: MPC Backs Growth Over Inflation

The MPC cut the repo rate by 50 basis points to 5.5%, the third cut since February 2025.
RBI shifted its stance from accommodative back to neutral.
GDP growth was projected at 6.5% for FY 2025-26.

Full notes and 3 MCQs ›

International Affairs

International Relations

12. India-Central Asia Dialogue: 4th Edition Outcomes

The 4th India-Central Asia Dialogue in New Delhi was chaired by EAM S. Jaishankar with five Central Asian foreign ministers.
The forum began in 2019 in Samarkand.
Participants backed full operationalisation of INSTC and use of Chabahar Port.
A second India-Central Asia Rare Earth Forum is planned soon.

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Polity & Governance

13. BRICS Parliamentary Forum: India Chairs 12th Edition in 2026

India chairs the 12th BRICS Parliamentary Forum for 2025-26.
The forum began in 2015; Brazil hosted the 11th edition.
BRICS has 11 members after the 2024 expansion; first summit was in 2009 at Ekaterinburg.

Full notes and 3 MCQs ›

International Relations

14. Modi to Attend G-7 Summit in Kananaskis, Canada

PM Narendra Modi will represent India at the G-7 summit in Kananaskis, Alberta, Canada.
Canadian PM Mark Carney, newly elected, invited him during a recent phone call.
Modi confirmed his attendance on Friday.
The visit is expected to signal a possible thaw in strained India-Canada relations.

Full notes and 3 MCQs ›

Defence & Security

15. INS Arnala: First Anti-Submarine Shallow Water Craft

INS Arnala, first of 16 ASW shallow water crafts, was commissioned at Visakhapatnam.
GRSE, Kolkata, built it with L&T Shipbuilders; about 80% of systems are indigenous.
It is the first Indian warship with a diesel engine-waterjet drive.

Full notes and 3 MCQs ›

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Daily Current Affairs: 7 June 2025

In this issue: 15 topics

National Affairs

1. Pandya-Era Shiva Temple Found at Udampatti, Madurai

2. Bharatiya Bhasha Anubhag: Indian Languages Section Launched

3. NeVA Launch in Puducherry: One Nation One Application

4. Ladakh Regulations Under Article 240: Domicile and Quota

Government Schemes

5. UMEED Portal for Waqf Property Management

Banking & Finance

6. Gold Loan LTV Raised to 85% for Loans Up to ₹2.5 Lakh

7. NBFC-MFI Qualifying Asset Norm Cut to 60% by RBI

8. RBI Bank Licensing and Ownership Norms Review: Malhotra’s Signals

9. RBI Penalties on PayMe India and Two Cooperative Banks

10. Mehul Choksi Assets Attached by SEBI for ₹2.1 Crore Dues

Economy

11. RBI Rate Cut to 5.5%: MPC Backs Growth Over Inflation

International Affairs

12. India-Central Asia Dialogue: 4th Edition Outcomes

13. BRICS Parliamentary Forum: India Chairs 12th Edition in 2026

14. Modi to Attend G-7 Summit in Kananaskis, Canada

Defence & Security

15. INS Arnala: First Anti-Submarine Shallow Water Craft

Test yourself