National News
Khichan and Menar Wetlands Get Ramsar Tag Ahead of World Environment Day
International News
Nicaragua Becomes 101st WTO Member to Accept Fisheries Subsidies Agreement
- Nicaragua’s acceptance of the WTO Agreement on Fisheries Subsidies marks the 101st formal endorsement, moving the global community closer to the agreement’s entry into force.
- With just 10 more acceptances needed, this step reinforces the WTO’s aim to eliminate harmful fisheries subsidies, particularly those that support illegal, unreported, and unregulated (IUU) fishing, and to strengthen marine sustainability.
- Adopted at MC12 in Geneva, the agreement introduces binding global rules, a Fish Fund for developing nations, and a collective move toward securing the blue economy.
Bangladesh Unveils New Banknotes, Drops Mujibur Rahman’s Portrait
- In a landmark decision, Bangladesh’s interim government has unveiled new Taka banknotes that replace the image of Sheikh Mujibur Rahman with visuals of natural landscapes, archaeological sites, and Hindu and Buddhist temples.
- The move aims to depoliticise currency amidst ongoing political turmoil, including legal proceedings against exiled leader Sheikh Hasina.
- The redesigned notes of Taka 1000, 50, and 20 will circulate alongside existing ones, symbolising a shift towards a more inclusive national identity rooted in cultural heritage rather than political legacy.
India Secures Presidency of IIAS for 2025–2028 Term
- India has secured the Presidency of the International Institute of Administrative Sciences (IIAS) for the 2025–2028 term, with V. Srinivas, Secretary of DARPG, elected as its head.
- The election, held in New Delhi, saw India defeat Austria by receiving 87 out of 141 votes. With this win, India gains a leading role in global public administration reforms, marking a significant milestone in its international engagement.
- IIAS, based in Brussels, is a respected federation of 31 member countries and academic institutions dedicated to improving administrative science.
Banking News
- The Reserve Bank of India (RBI) issued a draft proposal on April 9, 2025, outlining revised rules for lending against gold, aiming to align practices across financial institutions and curb discrepancies.
- Triggered by the surge in gold loan activity, particularly among banks, these guidelines focus on enhancing borrower safety, ensuring transparency, and streamlining lending norms—though they’ve raised alarms about potential disruptions to rural credit, especially for small-scale borrowers in southern India.
Economy News
Nomura Forecasts India’s GDP to Slow to 6.2% in FY26
- Nomura has revised India’s GDP growth forecast for FY26 to 6.2%, citing a divergence between strong headline indicators like GST collections and weak trends in auto sales and bank credit growth.
- This comes as a contrast to the RBI’s 6.5% growth estimate, highlighting caution amidst global uncertainty.
- Despite this, Nomura raised its Nifty 50 target to 26,140, underscoring confidence in domestic macroeconomic stability and market resilience.
- It also signaled a sectoral preference for domestic-oriented sectors over exporters. Meanwhile, BofA Securities maintained a positive long-term view on Indian equities, emphasizing structural reforms and digitisation.
Awards News
President Murmu Confers 92 Distinguished Service Awards at Defence Investiture Ceremony 2025
- The Defence Investiture Ceremony 2025 (Phase-II), held at Rashtrapati Bhawan, saw President Droupadi Murmu confer 92 Distinguished Service Awards to officers from the Armed Forces, Coast Guard, and BRO.
- The honors, including 30 PVSMs, 5 UYSMs, and 57 AVSMs, recognize excellence in both peacetime and wartime service.
- This ceremony reflects India’s focus on military recognition, modernization, and border preparedness, especially amid strategic challenges along the LAC with China.
Appointments News
Ashwani Lohani Appointed Director of Prime Ministers Museum and Library
- Ashwani Lohani, former chief of Air India and the Railway Board, has been appointed as the Director of the Prime Ministers Museum and Library (PMML) for a three-year term starting June 2025.
- His appointment follows recent restructuring of the PMML’s executive council, which now includes eminent figures like Smriti Irani and Shekhar Kapur.
- Lohani’s extensive public sector experience is expected to significantly contribute to preserving and promoting the legacy of India’s Prime Ministers.
Defense News
India’s First Tri-Services All-Women Sailing Team Returns from Historic Seychelles Voyage
- The Tri-Services All-Women Sailing Expedition Team completed a historic 1,800-nautical-mile international voyage to Seychelles, marking the first of its kind by the Indian Armed Forces.
- The mission, conducted aboard ‘Triveni’, not only showcased the resilience and operational capability of women officers from the Army, Navy, and Air Force, but also contributed to India’s maritime diplomacy.
- Their return on June 4, 2025, is a tribute to Nari Shakti, Tri-services synergy, and India’s strategic vision for gender inclusion and oceanic outreach.
Schemes News
Rajiv Gandhi Van Samvardhan Yojana Launched to Boost Green Cover in Himachal
- Himachal Pradesh has launched the Rajiv Gandhi Van Samvardhan Yojana to improve green cover and provide employment opportunities through community participation.
- Introduced by CM Sukhvinder Singh Sukhu, the scheme involves Mahila Mandals, Yuvak Mandals, and SHGs in forest restoration on degraded lands.
- Complementing this is the Green Adoption Scheme, which brings in corporate players like Ambuja, Adani, and UltraTech for large-scale plantations.
- Additionally, Van Mitras were inducted to address staff shortages in the forest department, and the event highlighted the state’s commitment to women empowerment and sustainable forest management.
Sports News
India Finishes Second at Asian Athletics Championships 2025 with 24 Medals
- India concluded the Asian Athletics Championships 2025 with an impressive tally of 24 medals, including 8 golds, securing the second position behind China.
- Notable performances came from Gulveer Singh, Jyothi Yarraji, and the relay teams, while athletes like Parul Chaudhary and Animesh Kujur set new national records.
- With over 60 athletes competing across 30 events, India’s success reinforced its growing stature in Asian athletics and strengthened preparations for the upcoming Paris 2026 Olympics.
Important Days News
International Day for the Fight against Illegal, Unreported and Unregulated (IUU) Fishing
- The International Day for the Fight against Illegal, Unreported and Unregulated (IUU) Fishing, observed annually on June 5, aims to spotlight global efforts to curb unsustainable and often criminal fishing practices.
- With support from the UN FAO and the Agreement on Port State Measures (PSMA), now backed by two-thirds of coastal nations, this initiative enforces port-level regulations to block illegally sourced fish.
- IUU fishing continues to inflict massive economic and ecological damage, threatening food security and marine biodiversity. Strengthening global cooperation and raising public awareness remain critical to achieving Sustainable Development Goal 14.
Current Affairs Today | 5 June Current Affairs 2025 | Daily Current Affairs By Ashish Gautam