News of The Day – 2nd June 2025

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

• About Kheer Bhawani Mela
• Cultural and religious significance.
• Location in J&K.

• Criteria for backwardness.
• Sub-regional equity.
• Targeted policy intervention.
•  Welfare allocation reforms.
•  Implications for central funds and development.

• Academic freedom under threat.
• Politicisation of education institutions. Autonomy of universities.
• Legal protections and regulatory interventions.

• Bar Council of India’s decision.
• Implications for legal profession liberalisation.
• WTO compliance, regulatory concerns, legal service sector reforms.

• About Composite Backwardness Index.
• Its Components and parameters.

• Viksit Bharat vision: Targets and Indicator
• Growth vs inequality.
• Job creation challenges.
• Way Forward

• IMF/World Bank GDP rankings.
• PPP vs nominal GDP.
• Sectoral contributions, implications for policy credibility and global influence.

• Concept of RRTS, NCRTC projects.
• Impact on regional connectivity.
• Investment models used.

• Regulation of cryptocurrency & digital assets.
• SEBI/RBI role, need for legal clarity, FATF guidelines.
• Blockchain governance, investor protection.

• Green IT initiatives.
• Net-zero strategies.
• Carbon offsetting in tech companies.
• Innovations in clean energy for data centres and AI. challenges and progress.

• EU Naval Force (EUNAVFOR).
• Counter-piracy operations in Gulf of Aden and Indian Ocean.
• Strategic maritime cooperation.
• India-EU naval relations.