4.5/5
Current Affairs 14 & 15 June 2025
1. Satya Sharma becomes new chairperson of MCD Standing
Committee
Committee-
Party Affiliation: Satya Sharma is a member of the Bharatiya Janata Party and a councillor from Gautampuri ward in Northeast Delhi.
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Election Victory: She won the chairperson election with 11 votes, defeating AAP's Praveen Kumar who received 7 votes.
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Experience: Sharma is a three-time councillor with over two decades of experience in the East Delhi Municipal Corporation, having served as the mayor in 2017.
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Role in MCD: She will oversee financial and policy decisions, including approving projects exceeding ₹5 crores, playing a crucial role in the MCD's decision-making process.
Foot notes:
About MCD-
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Mayor: Raja Iqbal Singh
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Headquarters: New Delhi
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Founded: 1958
2. DFCC Bank Becomes First Foreign Entity to List Bond on NSE IX at GIFT City
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Historic Listing: DFCC Bank PLC, a Sri Lankan bank, has become the first foreign corporate to list a bond on the National Stock Exchange International Exchange (NSE IX) at GIFT City in Gujarat, India.
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Green Bond: The bond listed is a Green Bond worth LKR 2.5 billion, previously issued in Sri Lanka and dual-listed on the Luxembourg Stock Exchange, aimed at funding renewable energy projects in Sri Lanka.
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Sustainable Goals: The bond's primary focus is to support Sri Lanka's goal of generating 70% of its electricity from renewable energy by 2030, aligning with the United Nations Sustainable Development Goals.
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Regional Climate Resilience: This move reinforces DFCC Bank's commitment to sustainable development, regional climate resilience, and green growth, following the Green Bond Principles by the International Capital Market Association (ICMA).
Foot notes:
About DFCC Bank-
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CEO: Thimal Perera
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Headquarters: Colombo, Sri Lanka
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Founded: 1955
3. Canara Bank reduces Repo Linked Lending rate in line with RBI MPC
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Rate Reduction: Canara Bank has reduced its RLLR by 50 basis points, from 8.75% to 8.25%, following the RBI's 50 basis point repo rate cut to 5.5%.
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Effective Date: The revised lending rates took effect from June 12, 2025, making loans more affordable for borrowers and potentially increasing credit demand.
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Alignment with RBI: This move aligns with the RBI's efforts to stimulate economic growth by making borrowing more affordable, as part of its monetary policy strategy.
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Impact on Borrowers: The reduction in RLLR will benefit both new and existing retail and MSME borrowers, easing their financial burden and potentially boosting economic activity.
Foot notes:
About Canara Bank-
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MD & CEO: K Satyanarayana Raju
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Headquarters: Bengaluru
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Founded: 1906
4. Maratha Royals clinch T20 Mumbai League title
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Thrilling Victory: Mumbai South Central Maratha Royals defeated SoBo Mumbai Falcons by five wickets in the final match held at the Wankhede Stadium, chasing down a target of 158 runs in 19.2 overs.
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Match Highlights: SoBo Mumbai Falcons scored 157/4 in 20 overs, with Mayuresh Tandel registering a calm knock of 50 runs and Harsh Aghav scoring 45 off 28 balls.
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Key Performances: Chinmay Sutar was named the Best Batter of the Tournament, while Shashank Attarde won the Best Bowler award with 11 wickets from 6 games.
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Trophy Presentation: The winning team was presented with the trophy by the Mumbai Cricket Association, with Rohit Sharma handing over the medals to the players.
5. Sun Pharma appoints Kirti Ganorkar as MD
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Kirti Ganorkar's Role: Kirti Ganorkar has been appointed to a key role in Sun Pharma, previously heading the global business development function. He will now head the India formulations business, overseeing the company's domestic operations and strategy.
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Leadership Team: Sun Pharma's leadership team includes experienced professionals like Dilip Shanghvi, Aalok Shanghvi, and Kal Sundaram.
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Business Focus: The company is also expanding its global specialty business, with a growth target of "low-to-mid teens" in revenues.
Foot notes:
About Sun Pharma-
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MD: Dilip Shanghvi
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Headquarters: Mumbai
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Founded: 1983
6. Cristiano Ronaldo Named Global Ambassador for Esports World Cup 2025
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Global Sports Icon: Cristiano Ronaldo is a five-time Ballon d'Or winner and one of the most celebrated athletes of all time, known for his exceptional skills on the football pitch.
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Esports Ambassador Role: He will headline the tournament's global campaign, bridging traditional sports and competitive gaming, and spotlighting the next generation of esports athletes.
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Involvement with Esports World Cup: He has been involved with the Esports World Cup since its inception, participating in the global announcement in 2023 and attending the closing ceremony in Riyadh last year, where he celebrated Team Falcons' historic Club Championship win.
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Playable Character in Fatal Fury: Ronaldo will also appear as a playable character in FATAL FURY, one of the 25 tournament titles featured in the Esports World Cup 2025 games lineup.
7. Singareni signs MoU with IMMT to explore critical minerals
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Critical Minerals Exploration: The MoU aims to facilitate cooperation in exploration, scientific research, application of advanced technologies, production of critical minerals, and adoption of eco-friendly mining methods.
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IMMT's Role: The institute has already identified 14 types of minerals, including six light REEs and eight heavy REEs.
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Government Priorities: The Government of India is prioritizing domestic production of critical minerals, and SCCL is fully prepared to develop several potential blocks in this sector.
Foot notes:
About Singareni-
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Chairman & MD: N. Balram, IRS
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Headquarters: Kothagudem
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Founded: 23 December 1920
About IMMT-
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Chairman: Dr.Nallathamby Kalaiselvi
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Location: Bhubaneshwar
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Established: 1964
8. GAIL Honoured with ‘GreenCo Champion Award’
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GAIL's Achievement: GAIL (India) Limited was honored with the prestigious GreenCo Champion Award at the 14th Edition of the CII GreenCo Summit 2025 in Hyderabad, recognizing its commitment to environmental sustainability.
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Award Criteria: The GreenCo Champion Award acknowledges organizations demonstrating outstanding performance in energy efficiency, decarbonization, and resource optimization, reflecting GAIL's dedication to embedding green practices across its operations.
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Sustainability Efforts: GAIL's multiple sites actively participating in the CII GreenCo rating system contributed to this success, showcasing the company's leadership role in advancing green initiatives in the Indian energy sector.
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Additional Accolades: Besides the GreenCo Champion Award, GAIL's JHBDPL-Ranchi pipeline and KKBMPL-Kochi pipeline were awarded the GreenCo Platinum Award, bringing the total number of GreenCo-certified GAIL sites to 10.
Foot notes:
About GAIL-
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Chairman & MD: Sandeep Kumar Gupta
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Headquarters: New Delhi
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Founded: 1984
9. World Blood Donor Day observed on 14th June
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Purpose: The day is celebrated to raise awareness about the importance of blood donation and to thank voluntary blood donors for their life-saving gifts of blood.
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Theme: The theme for World Blood Donor Day 2025 is " Give blood, give hope: together we save lives!".
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Global Celebration: World Blood Donor Day is celebrated worldwide to acknowledge the contribution of blood donors and to encourage more people to donate blood voluntarily.
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Importance: Blood donation is crucial for saving millions of lives each year, helping patients undergoing surgeries, those suffering from accidents, and patients with diseases such as cancer and blood disorders.
10. Renowned Kashmiri singer Ustad Ghulam Nabi Shah passed away
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Date of Passing: Ustad Ghulam Nabi Shah passed away on June 11, 2025, at his ancestral home in Dangiwacha Rafiabad, Baramulla.
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Contribution to Kashmiri Music: He was a celebrated torchbearer of Kashmiri folk music and culture, known for his soulful voice and exceptional mastery over the sarangi.
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Awards and Recognition: Shah was honored with the Sher-e-Kashmir Sheikh Muhammad Abdullah Award in 2011 for his significant contributions to promoting Kashmiri Lok Sangeet (folk music).
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Legacy: He represented Kashmiri folk music nationally and internationally, inspiring generations of local artists to pursue and preserve folk traditions.
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