Daily Current Affairs Quiz6 June, 2025 National Affairs 1. Ayush Nivesh Saarthi Portal Why in News? About Ayush Nivesh Saarthi Portal Key Features Significance 2. Ek Ped Maa Ke Naam 2.0 Why in News? Key Highlights Launch Details Objectives of the Campaign Special Modules Eco Clubs for Mission LiFE Web Portal & Microsite Features 3. Waste Picker Enumeration App Launched under NAMASTE Scheme (MoSJE) Why in News? Major Announcements & Features Waste Picker Enumeration App About the NAMASTE Scheme Full Form: National Action for Mechanised Sanitation EcosystemLaunch Year: July 2023Type: Central Sector Scheme Purpose: Expanded NAMASTE Scheme Scope Objectives of Expanded NAMASTE Scheme Significance 4. India-U.S. Bilateral Trade Agreement (BTA) Context: India is actively negotiating an early tranche of the proposed Bilateral Trade Agreement (BTA) with the United States to protect key export sectors from punitive tariffs. This move is driven by a scheduled 26% reciprocal tariff hike on July 9, 2025, and the need to restore competitiveness for Indian goods affected by previous US trade actions. Key Objectives of India’s Proposal India’s Strategic Proposal Urgency of an Early Tranche Challenges and US Position Strategic and Economic Significance 5. EnviStats India 2025 Released by: Ministry of Statistics and Programme Implementation (MoSPI)Framework Used: Framework for the Development of Environment Statistics (FDES 2013) Why in News? 8th edition of EnviStats India 2025: The 8th edition of EnviStats India 2025 was released by MoSPI on 5 June 2025, reflecting a structured statistical profile of India’s environment. Key Environmental Indicators and Trends Energy Generation Trends Fisheries Production Temperature and Rainfall Patterns Biodiversity Snapshot Public Expenditure on Environment (2021–22) New Additions in 2025 Edition Strengths of the Report Key Gaps and Challenges Banking/Finance 1. RBI Cuts Repo Rate to 5.5% Context: In a bid to boost economic growth and ease borrowing costs, the Reserve Bank of India (RBI) announced a 50 basis points (bps) cut in the repo rate, lowering it from 6.00% to 5.50%. This is the third rate cut in 2025 and the largest single cut in over two years. The decision was made following a three-day Monetary Policy Committee (MPC) meeting chaired by RBI Governor Sanjay Malhotra. Key Rates Announced Rate Type New Rate Previous Rate Repo Rate 5.50% 6.00% Standing Deposit Facility (SDF) 5.25% – Marginal Standing Facility (MSF) & Bank Rate 5.75% – Why Did RBI Cut Rates? What Does the Rate Cut Mean for You? Lower EMIs for Borrowers Cheaper Credit for Businesses Impact on Fixed Deposits (FDs) Loan and Investment Policy Stance and Outlook Impact on Affordable Housing and Real Estate BS 2. Insolvency and Bankruptcy Code (IBC) Why in News? Background Role in Debt Recovery Key Impacts Key Challenges Area Details Judicial delays NCLT backlog delays resolution despite CoC approval. Post-resolution uncertainty Implementation risks discourage investor bids. Bhushan Steel verdict SC review of a closed transaction threatens commercial certainty. Infrastructure gaps Insufficient benches, lack of trained professionals. Future-readiness Unclear treatment of IPRs, employee dues, and tech continuity. Suggestions for Reform 3. Flipkart Gets NBFC Licence from RBI Context: Flipkart has received a Non-Banking Financial Company (NBFC) licence from the Reserve Bank of India (RBI). This marks the first instance of a large e-commerce player in India being permitted to lend directly. The licence was officially granted on March 13, 2025, as per RBI documents reviewed by Reuters. What This Means Implications 4. IndusInd Bank Accounting Irregularities Context: On March 10, 2025, IndusInd Bank disclosed accounting discrepancies in its derivatives portfolio, with an estimated adverse impact of 2.35% on its net worth as of December 2024. NFRA Investigation Internal Red Flags ICAI Oversight SEBI Action BS 5. RBI Data: Bank Credit and Deposit Trends in FY2024–25 Overall Bank Credit Growth Retail Lending Trends Borrower Profile Shifts Deposit Composition and Interest Rate Trends Key Takeaways 6. Motilal Oswal BSE 1000 Index Fund Launched Context: Motilal Oswal Mutual Fund has launched India’s first index fund tracking the BSE 1000 Total Return Index, offering investors access to a broad-based, passive equity portfolio covering 1,000 companies across large, mid, small, and micro-cap segments. The New Fund Offer (NFO) is open from June 5 to June 19, 2025. Key Highlights Fund Objective & Benchmark Investment Features Why Invest in the Motilal Oswal BSE 1000 Index Fund? Broad Diversification Passive & Cost-Effective Aligned with India’s Growth Story Lower Risk via Index Cap 7. SEBI Notifies Framework for ESG Debt Securities Including Social, Sustainability, and Linked Bonds Notified by: Securities and Exchange Board of India (SEBI)Effective From: June 5, 2025Purpose: To standardize the issuance and monitoring of Environmental, Social, and Governance (ESG)-linked debt instruments in India Context: Markets regulator Sebi came out with an operational framework for issuance of social bonds, sustainability bonds and sustainability-linked bonds, which together will be known as Environment, Social and Governance (ESG) debt securities. What are ESG Debt Securities? Financial instruments issued to raise funds exclusively for projects with positive environmental, social, or governance (ESG) outcomes. Types of ESG Debt Instruments: Key Features of ESG Debt Securities Highlights of SEBI’s Operational Framework 1. Classification Criteria 2. Mandatory Disclosures 3. Independent Review 4. Impact Monitoring & Transparency Significance & Impact Agriculture 1. FAIFA Report Urges Action on Climate-Resilient Agriculture Context: The Federation of All India Farmer Associations (FAIFA) released a report titled “Nourishing the Future: A Report on Climate-Resilient Agriculture” during a seminar in New Delhi on June 5, 2025. The study underscores the growing threats climate change poses to Indian agriculture and outlines key interventions needed to build resilience. Key Climate Risks Identified These factors are disrupting crop cycles in major producing States and threatening farm productivity and rural incomes. Barriers to Sustainable Farming Adoption Recommendations from FAIFA Report Policy and Institutional Actions Public Investment and Research Targeted Subsidies Commendation for Existing Central Schemes The report appreciated government initiatives such as: However, it urged greater targeting and flexibility to meet local needs more effectively. Equity and Adaptation Needs BL Facts To Remember 1. Kaziranga National Park to be expanded to promote tourism The Assam Cabinet, headed by Chief Minister