News of The Day – 12th June 2025

SOURCES: The Hindu, Indian Express, Live Mint, Business Standard, Economic Times, and PIB.

• Kabir Panthis.
• Literary Works
• Contribution to Bhakti movement

• MoHUA’s Advisory on Repurposing Smart City SPVs
• Challenges: Financial viability, coordination with ULBs
• Alignment with AMRUT, PMAY-U for holistic urban growth
• Impact on urban governance and infrastructure

• What is CROPIC?

• How will CROPIC work on the ground?

• About Passage Exercise (PASSEX)
• Objectives

• About Exercise Khaan Quest 2025
• Objectives
• Significance for India

• About Golden Passports’ Scheme
• Why the EU Opposed It
• About European Court of Justice (ECJ)

• 1988 Taliban Sanctions Committee

• 1373 Counter-Terrorism Committee

• What do Pakistan’s new roles mean substantially?

• About Microfinance Sector
• Status In India
• RBI concerns 
• Historical context: Andhra Pradesh MFI crisis (2010)
• Regulatory framework: RBI’s NBFC-MFI guidelines, Malegam Committee
• Challenges: Mission drift, balancing social and financial goals
• Impact on financial inclusion and rural economy
• Way forward: Stricter oversight, ethical lending practices

• Government Shifts Focus from Subsidies to Quality Control for Export Growth
• ‘Carrot and Stick’ Approach to Drive Global Competitiveness
• QCOs to Enforce Product Standards and Boost Export Credibility
• Rare Earth Battery Subsidy Still Under Discussion Amid China Export Ban
• QCO Coverage Expands to Hundreds of Products Across Sectors
• Debate Over QCOs: Enhancing Competitiveness or Hurting MSMEs?

• What is the rationale behind GDP base year revisions?

• How do regular revisions of base year and methodology help?

• Why was the base year not changed five years after 2011-12?
• Why is this particular revision crucial for India’s global standing?

• India’s Social Security Coverage Surges from 19% to 64.3% in a Decade
• ILO Recognises India’s Landmark Social Protection Milestone
• India Now Second Globally in Social Protection Beneficiaries
• 94 Crore Indians Covered Under At Least One Social Security Benefit

• Blue NDC Challenge Initiative
• Why Focus on Oceans?
• Global Significance

• About Eurasian otter
• Ecological significance
• Conservation status
• Habitat of Eurasian otter
• Conservation efforts