WORLD ECONOMIC SITUATION AND PROSPECTS REPORT
The World Economic Situation and Prospects (WESP) report, mid-2025 update, revised India’s GDP growth forecast for 2025 down to 6.3% (from 6.6% earlier). Despite the downgrade, India remains the fastest-growing major economy. The report is jointly released by the UN
MINIRATNA STATUS
Ministry of Defence has conferred Miniratna (Category-I) status to three key Defence Public Sector Undertakings (DPSUs): Munitions India Limited (MIL) Armoured Vehicles Nigam Limited (AVNL) India Optel Limited (IOL) Transformation of DPSUs These three entities were carved out of the
PM-PRANAM
The PM-PRANAM scheme (Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth) has reported a reduction of 15.14 lakh tonnes of synthetic fertilizers in FY 2023–24. This has led to substantial savings in fertilizer subsidies, reflecting its early success.
RBI ANNUAL REPORT 2024–25
RBI released its Annual Report 2024–25, covering key aspects of: Monetary policy Financial stability Regulatory reforms Economic developments Key Takeaways from RBI Annual Report 2024–25 Global Economy Global GDP growth in 2024: 3%, below historical average of 3.7% Projected growth:
ORGANIZATION OF THE PETROLEUM EXPORTING COUNTRIES (OPEC)
OPEC+ group, led by Saudi Arabia, announced an increase of 411,000 barrels per day in oil production. This is the third consecutive monthly production hike, reversing the voluntary output cuts made in 2023. Organization of the Petroleum Exporting Countries (OPEC)
PARLIAMENTARY COMMITTEES
At the National Conference of Estimates Committees (May 2025), the Lok Sabha Speaker emphasized that Parliamentary Committees are complementary to the government, not adversaries. He urged governments to implement committee recommendations seriously and in letter and spirit to ensure better
PERFORMANCE GRADING INDEX (PGI) 2.0
The Ministry of Education released the Performance Grading Index (PGI) 2.0 report for the years 2022–23 and 2023–24. The PGI assesses the school education performance of States and Union Territories (UTs). Performance Grading Index (PGI) 2.0: A data-driven assessment framework
REVISED GREEN INDIA MISSION (2021–2030)
The Ministry of Environment, Forest and Climate Change (MoEFCC) released the revised Green India Mission (GIM) Plan 2021–2030 on World Day to Combat Desertification and Drought, observed on 17th June 2025. The theme for 2025: “Restore the Land. Unlock the
