Archive · 9 Jun 2025
India in the News: Economic Policies, Festivals, and International Agreements
This week, the RBI cut interest rates to encourage borrowing and boost the economy.
There was also news about a festival in Kashmir and India signing agreements with other countries.
India is also making its own polar research ship and has been designated as the presidency of the International Institute of Administrative Sciences (IIAS) for the 2025-2028 term.
Additionally, two new wetlands have been added to the Ramsar list to help protect them.
There were also major events in the sports world.
Finally, there were various science and tech and events news from around the globe.
The RBI reduced the repo rate and the cash reserve ratio to stimulate economic growth.
The Kheer Bhawani festival was held at the Mata Kheer Bhawani temple in Kashmir.
India and Norway signed an MoU for the co-design and building of India's first polar research vehicle.
India won the Presidency of the International Institute of Administrative Sciences (IIAS) for the 2025–2028 term.
Two new wetlands in Rajasthan, Khichan and Menar, have been designated as Ramsar sites.
- Who
- The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) and various international organizations.
- What
- Economic policy changes, cultural events, international agreements, environmental initiatives, scientific discoveries, and sports results.
- When
- The week of June 2 to June 8, 2025.
- Where
- India, Norway, and various locations related to the events discussed.
- Why
- To stimulate economic growth, celebrate cultural events, foster international cooperation, protect the environment, and advance scientific understanding.
- Repo Rate
- 5.50%
- CRR
- 3%
- Kheer Bhawani Temple Location
- Tullamulla, Ganderbal district, Kashmir
- Polar Research Vehicle (PRV)
- Being co-designed and built with Norwegian firm Kongsberg
- Ramsar Sites Addition
- Khichan, Menar