Daily Current Affairs — 28 June 2025
4 articles • UPSC Prelims & Mains
India's First Maritime NBFC Launched
In News The Union Minister of Ports, Shipping Waterways (MoPSW) inaugurated Sagarmala Finance Corporation Limited (SMFCL). Sagarmala Finance Corporation Limited (SMFCL) It was formerly known as Sagarmala Development Company Limited. It is a Mini Ratna, Category-I, Central Public Sector Enterprise and has been formally registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI) .
Statistical Report on Agriculture and Allied Sectors
Context The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the annual publication of “Statistical Report on Value of Output from Agriculture and Allied Sectors (2011-12 to 2023-24)”. About It is a comprehensive document which provides detailed tables on values of output of Crop, Livestock, Forestry logging and Fishing aquaculture sectors of Agriculture allied activities from 2011-12 to 2023-24 at both current and constant (2011-12) prices.
India-US Trade Deal To Finalise Soon
Context In a recent address, the US President signaled the possibility of a ‘very big’ trade deal with India, suggesting that negotiations between the two nations are gaining momentum. Key Concerns in US-India Trade Relations Tariff Disparities: India maintains one of the highest average applied tariffs among G20 nations — around 17%, compared to the US average of 3.3%. India is seeking full exemption from these duties.
India’s Start-up Ecosystem Witnessed Exponential Growth: Meta
Context According to a report released by Meta, India’s start-up ecosystem has witnessed exponential growth over the last decade. Key Highlights It identified six key levers of growth of India’s startups such as: AI adoption, cross-border expansion, omnichannel presence, Tier 2/3 market expansion, category diversification, creator-led brand building. Integration of AI: Over 70% of startups were integrating artificial intelligence into their business operations.