Russian Language Day at the United Nations is celebrated on 6 June — the birthdate of Alexander Sergeyevich Pushkin, who is considered by many to be the greatest Russian poet, as well as the founder of modern Russian literature. Russian Language Day is the result of a 2010 initiative by the UN's Department of Global Communications,
establishing language days for each of the Organization's six official languages. The purpose of the UN's language days is to celebrate multilingualism and cultural diversity, and to promote equal use of all six official languages throughout the Organization.
Under the initiative, UN duty stations around the world celebrate six separate days, each dedicated to one of the Organization's six official languages. With the goal of increasing awareness and respect for the history, culture and achievements of each of the six working languages among the UN community, Language Days at the UN aim to entertain, as well as to inform.
The Ministry of Statistics and Programme Implementation (MoSPI), Government of India, released the 8th issue of the publication titled “EnviStats India 2025: Environment Statistics” during the National Workshop on Using Alternate Data Sources and Frontier Technologies for Policy Making on 5th June, 2025 in New Delhi.
Since 2018, the National Statistics Office (NSO) has been publishing "EnviStats India" in alignment with the Framework for the Development of Environment Statistics (FDES) 2013. The data presented in the publication are compiled based on the data, sourced from various Ministries, Departments, and Organizations of the Government of India.
Following the structure of FDES 2013, the data presented in "EnviStats India 2025: Environment Statistics" are organized into six components, each corresponding to the components of FDES 2013. Related topics under each component have been grouped together to facilitate easier understanding and use.
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Minister of Foreign Affairs of the Kyrgyz Republic, Mr. Zheenbek Kulubaev Moldokanovich signed the Protocol and exchanged Instrument of Ratification of the Bilateral Investment Treaty (BIT) between the Government of the Republic of India and the Government of the Kyrgyz Republic, in New Delhi.
The Bilateral Investment Treaty signed on 14th June, 2019, in Bishkek, between the Government of the Republic of India and the Government of the Kyrgyz Republic, enters into force with effect from today, i.e. 5th June 2025. This new BIT replaces the earlier agreement enforced on 12th May 2000, ensuring continuity in the protection of investments between the two nations.
The India-Kyrgyz BIT marks a significant milestone in strengthening bilateral economic relations and fostering a secure and predictable investment environment.
Aadhaar number holders executed over 211 crore authentication transactions in May 2025 taking the cumulative number of such transactions to more than 15,223 crores since inception. The May 2025 authentication transactions are more than the previous month, as well as of May 2024 when 201.76 Cr such transactions were carried out.
The AI/ML based Aadhaar Face Authentication solutions of UIDAI too witnessed a consistent growth. In May, 15.49 crore face authentication transactions were recorded, which underlines the adoption of this authentication modality and how it is benefiting Aadhaar number holders.
More than 100 entities both in government ministries and departments, financial institutions, oil marketing companies, telecom service providers among others are using face authentication for smooth delivery of benefits and services. Similarly, in May over 37 Cr e-KYC transactions were carried out.
In a historic move to position India as the global epicenter for traditional medicine and wellness, the Government of India launched ‘the Ayush Nivesh Saarthi portal on 29th May 2025 during the Ayush Stakeholder/Industry Interaction Meet held at Vanijya Bhawan, New Delhi.
Ayush Nivesh Saarthi is a dedicated, investor-centric digital platform developed by the Ministry of Ayush in collaboration with Invest India. It brings together policy frameworks, incentive structures, investment-ready projects, and real-time facilitation under one unified interface.
India’s Ayush industry has emerged as one of the fastest-growing sectors in the country, recording an annual growth of 17% between 2014 and 2020. With rising global consumer interest in natural, preventive, and wellness-based healthcare, Ayush is at the forefront of a new wave in global health and lifestyle transformation.
The Ayush sector’s relevance is also strongly reflected in its contributions to medical value travel (MVT) and the global wellness economy. Ranked among the top five health services in India, Ayush is a key driver of the country’s USD 13 billion MVT sector Globally.
IndusInd Bank has announced the expansion of its flagship digital banking platform, ‘INDIE’, to over 15 million existing retail banking customers, aiming to redefine the digital banking experience with a hyper-personalised and secure approach, the company said on 5th June 2025.
Launched as a future-ready financial super-app, INDIE integrates core banking services—savings, fixed deposits, credit cards, loans, mutual funds, and more—into one unified digital interface. The company stated that it provides a seamless, end-to-end digital experience that requires no branch visits, ensuring convenience for users.
The app has already made significant strides, with over 1.4 million new accounts opened and a 50% monthly active user rate (MAU)—well above the industry benchmark of 40%—underscoring its strong appeal and functionality.
State-owned Central Bank of India on Thursday said it has acquired a 24.91 per cent stake in Future Generali India for Rs 451 crore. Additionally, it acquired a 25.18 per cent stake in Future Generali India Life Insurance for Rs 57 crore, according to exchange filings. The acquisition of shares was completed on 4 June 2025.
Future Generali’s life and general insurance arms were set up in 2006 as joint ventures between Future Enterprises Ltd (FEL) and the Generali Group, with the latter holding nearly 74 per cent shareholding in each company.
The multi-line general insurer, which provides personal insurance, commercial insurance, social and rural insurance, posted 21.06 per cent year-on-year (YoY) growth in gross direct premium income (GDPI) in FY25 to Rs 527.8 crore. The company’s gross written premium was Rs 4,910.9 crore in FY24, compared to Rs 4,546.23 crore in FY23.
Private-sector banks had a sharper drop in loan growth in FY25 when overall growth moderated to 11.1 per cent, from 15.3 per cent the year before. Credit growth decelerated across all bank groups in FY 2024-25, according to data released by the RBI. Private banks had the steepest decline, of 9.5 %, in March after a sustained credit growth of above 15 for the past 3 years.
The share of individuals in total credit kept its momentum, standing at 47.8 per cent in March 2025 compared to 41.5 per cent in March 2020. Within this group, the share of female borrowers also rose gradually — to 23.8 per cent from 22.0 per cent — over the same period.
On the liabilities side, the share of savings deposits continued to decline, falling to 29.1 per cent in March 2025 from 30.8 per cent a year ago and 33.0 per cent two years ago. RBI’s data showed that the share of term deposits bearing interest rates of 7 per cent and above rose to 72.7% in March 2025, compared to 64.2 per cent a year ago and 33.5 per cent two year ago.
The Union government has appointed economist S Mahendra Dev as the chairperson of the Economic Advisory Council to the Prime Minister (EAC-PM) for a period of two years. NITI Aayog Vice Chairman Suman Bery was holding the position following the death of Bibek Debroy on November 1 last year.
Dev is an expert in the fields of agriculture and rural economy, and also serves as the editor of the Economic and Political Weekly. He also serves as the chairman of the Institute for Development Studies, Andhra Pradesh. In the past, he served as the director and vice chancellor of the Indira Gandhi Institute of Development Research.
Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group, has been honoured with the Global Leadership Award by the U.S.-India Strategic Partnership Forum (USISPF). The award was presented at USISPF’s eighth annual Leadership Summit held in Washington, D.C., where Mr. Birla was recognised for his exceptional role in deepening the U.S.-India economic partnership.
This year’s summit featured notable dignitaries including Second Lady Usha Vance, U.S. Deputy Secretaries Christopher Landou and James Danly, Senator Steve Daines, Representatives Ro Khanna and Rich McCormick, and Ambassador of India to the U.S., Vinay Mohan Kwatra.
This honour adds to a growing list of prestigious recognitions for Mr. Kumar Mangalam Birla. In 2023, Mr. Birla was conferred the Padma Bhushan, one of India’s highest civilian awards, for his contribution to industry and economic growth. That same year, he was named Business Leader of the Decade by AIMA.
The Reserve Bank of India (RBI) has imposed monetary penalties on three financial institutions for non-compliance with regulatory guidelines, citing violations ranging from unauthorized public deposit acceptance to lapses in Know Your Customer (KYC) norms.
According to the RBI, the company accepted public deposits, which is prohibited under the terms of its registration, and failed to obtain prior written approval from the RBI for a change in shareholding exceeding 26 percent of its paid-up equity capital.
PayMe India Financial Services Private Limited has been fined 2 lakh rupees for breaching specific conditions of its Certificate of Registration (CoR) under Section 45IA(5) of the RBI Act, 1934.
With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched a ‘Scheme for writing books originally in Hindi on Economics/Banking/Financial subjects.
Under this scheme, working/retired Professors (Including Assistant and Associate Professor etc.) of Indian Universities (UGC recognized) are awarded three prizes of Rs. 1,25,000.00 (One lakh twenty-five thousand) each for writing books originally in Hindi on subjects related to Economics/Banking/Finance.
