NITI Aayog today released the third edition of its quarterly insights series Future Front, titled “India’s Data Imperative: The Pivot Towards Quality.” This report underscores the urgent need for robust data quality to fortify digital governance, cultivate public trust, and ensure efficient service delivery.
The report critically examines the pervasive challenges posed by poor data quality and introduces practical, easy-to-use tools: a Data-Quality Scorecard to measure and track data quality attributes, and a Data-Quality Maturity Framework for self-assessment and roadmap development.
At the release, senior government officials including Shri B.V.R. Subrahmanyam (CEO, NITI Aayog), Dr. Saurabh Garg (Secretary, MoSPI), and Ms. Debjani Ghosh (Distinguished Fellow, NITI Aayog) shared their views on how India can make its data management more robust.
Raksha Mantri, Shri Rajnath Singh, along with Minister of Information & Broadcasting, Shri Ashwini Vaishnaw and Minister of State for Information & Broadcasting, Dr L. Murugan, presented first copies of the second volume of the books ‘Wings to Our Hopes’ and ‘Aashaon Ki Udaan’ to the President of India, Smt. Droupadi Murmu at Rashtrapati Bhavan.
The second volume of ‘Wings to Our Hopes’ and ‘Aashaon Ki Udaan, published by the Directorate of Publications Division, are collection of selected speeches of President Droupadi Murmu during her 2nd year in office.
The second volume of the book includes 51 selected speeches of President Droupadi Murmu, which are categorized into 11 sections: Addressing the nation, fostering holistic development through education, inspiring the karmayogis for selfless service, armed forces – our national pride, role of governance in citizen empowerment, recognizing outstanding achievements,
building and strengthening global connections, celebrating our cultural heritage, innovation in agriculture: driving India’s growth, integrating self and nature, and women’s empowerment: breaking down barriers.
KredX has entered into a strategic alliance with the State Bank of India (SBI) to broaden the reach of digital trade receivable discounting via its RBI-licensed TReDS platform, Domestic Trade Exchange (DTX). This collaboration is set to make a significant impact on the Rs. 30 lakh crore financing gap faced by the country’s micro, small, and medium enterprises (MSMEs).
The DTX platform, operating under the RBI’s TReDS framework, is engineered to go beyond traditional lending by offering a digital-first, end-to-end trade finance solution. With more than 50 financiers connected to the platform, DTX enables competitive bidding on trade receivables, ensuring businesses can access the lowest cost of finance.
SBI’s entry as a financing partner on the DTX platform brings unmatched credibility and reach, further strengthening the ecosystem. Manish Kumar, Founder and CEO of KredX, expressed enthusiasm about the partnership, noting that SBI’s involvement marks a pivotal step in KredX’s mission to digitise and democratise trade finance.
Bajaj Markets, a digital marketplace under Bajaj Finserv Ltd., has announced its integration with the Open Network for Digital Commerce (ONDC), marking a significant leap in India’s digital commerce landscape. With this move, Bajaj Markets becomes a buyer network participant on the ONDC Network,
enabling its 16 million-plus users to seamlessly access and purchase electronics and appliances directly through the Bajaj Markets App and website, alongside its comprehensive suite of financial products and services. This integration significantly broadens Bajaj Markets’ offerings, now featuring over 1.5 lakh SKUs of premium electronics and appliances at competitive prices
further enhancing the customer experience and convenience.
Bajaj Markets has evolved from a fintech platform focused on uniting financial service providers and consumers to one of India’s largest digital platforms for financial products, services, and now, electronics and appliances.
The Ministry of Heavy Industries (MHI) is pleased to announce the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).
The scheme was notified vide notification dated 15th March 2024, and the detailed Scheme Guidelines were subsequently issued through Notification No. S.O. 2450(E) dated 02.06.2025.
The Government of India, under the visionary leadership of Prime Minister Shri Narendra Modi, has approved a forward-looking scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). It is designed to firmly establish India as a premier global destination for automotive manufacturing and innovation.
The scheme is strategically crafted to position India as a global hub for electric vehicle manufacturing. With a minimum investment threshold of ₹4,150 crore, it provides an enabling policy environment for leading global and domestic players to establish long-term manufacturing footprints in the country.
UGRO Capital Limited has announced the elevation of Anuj Pandey to the position of Chief Executive Officer, effective July 1, 2025. Anuj Pandey has been with UGRO since its inception, serving as Chief Risk Officer and playing a vital role in developing the company’s risk governance and credit architecture frameworks.
His appointment as CEO comes at a pivotal time for UGRO Capital, which has recently surpassed Rs. 12,000 crore in assets under management, expanded its network to over 300 branches, completed the acquisition of Profectus Capital, and secured a significant capital raise.
Ministry of Women and Child Development (MWCD), in convergence with Ministry of Skill Development and Entrepreneurship (MSDE), will launch the joint pilot initiative of both the Ministries for Skilling of Adolescent Girls NAVYA – Nurturing Aspirations through Vocational Training for Young Adolescent Girls on 24th June 2025 in Sonbhadra, Uttar Pradesh.
NAVYA is a pilot initiative aimed at equipping adolescent girls aged 16–18 years with a minimum qualification of Class 10, with vocational training mainly in non-traditional job roles.
India has for the first time secured a place among the top 100 out of 167 countries ranked for their progress in achieving the Sustainable Development Goals (SDGs), according to a report published.
According to the UN Sustainable Development Solutions Network's 10th and latest Sustainable Development Report (SDR),
India ranks 99th on the 2025 SDG Index with a score of 67, while China ranks 49th with 74.4 and the US 44th with 75.2 points.
India ranked 109th in 2024, 112th in 2023, 121st in 2022, 120th in 2021, 117th in 2020, 115th in 2019, 112th in 2018 and 116th in 2017.
The Odisha government on June 22 removed three major private sector banks—HDFC Bank, ICICI Bank, and Axis Bank—from its list of approved banks. The government said these banks did not perform up to the standards in important government schemes and did not meet general banking goals in the last two financial years.
A letter from the Finance Department, signed by Principal Secretary Saswata Mishra, told all government departments, agencies, PSUs, societies, and universities to immediately close all their accounts (savings, current, or any other) with these three banks. They must transfer the money to accounts in other approved banks as soon as possible.
However, if there are any fixed or term deposits in these banks, they do not need to be closed right now. Closing them early could mean losing interest. But once these deposits mature, the entire amount, along with the interest earned, must be transferred to another approved bank the letter added.
The letter also warned that not following these instructions will be taken very seriously. All government departments have been asked to make sure everyone under their control is aware of these new rules.
Auto components major Sona BLW Precision Forgings announced the appointment of Jeffrey Mark Overly as its Chairman.
The board of directors, at its meeting held on June 23, 2025, appointed Overly, an independent director since February 12, 2021, as the Chairman of the company, Sona BLW Precision Forgings Ltd (Sona Comstar) said in a regulatory filing.
His appointment comes after the death of the company's Chairman Sunjay Kapur.
Overly has been on the board of the company for almost 5 years. He holds a bachelor's degree of science in industrial management from the University of Cincinnati and a Master's degree in business from Central Michigan University.
Bandhan Bank has further solidified its position in India’s banking sector by opening 18 new branches across Jharkhand, Andhra Pradesh, Bihar, and Odisha, reinforcing its commitment to financial inclusion and accessibility in semi-urban and rural markets.
This strategic expansion, with 7 branches in Jharkhand, 5 in Andhra Pradesh, and 3 each in Bihar and Odisha, is designed to bridge the gap in banking services for underserved communities.
The Reserve Bank of India (RBI) has, by an order dated June 06, 2025, imposed a monetary penalty of Rs. 29.60 lakh (Rupees Twenty Nine Lakh Sixty Thousand only) on Fino Payments Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Licensing of Payments Banks’.
This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
The Statutory Inspection for Supervisory Evaluation (ISE 2024) of the bank was conducted by RBI with reference to its financial position as on March 31, 2024.
June 24 has been designated by the United Nations as the International Day of Women in Diplomacy—a day to recognize and honor the role, participation, and potential of women in foreign policy, conflict resolution, and the shaping of a global order based on peace, justice, and dialogue.
By the resolution (A/RES/76/269) the Assembly invited all Member States, United Nations organizations, non-governmental groups, academic institutions and associations of women diplomats — where they exist — to observe the Day in a manner that each considers most appropriate, including through education and public awareness-raising.
