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News In Short-21-06-2025

In News

  • India Post Payments Bank (IPPB) received the Digital Payments Award 2024–25 from the Ministry of Finance for its significant role in promoting digital payments and financial inclusion nationwide.

    • India Post Payments Bank (IPPB)

  • It is  a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications.
  • It was launched  in 2018, to provide accessible, affordable, and trusted banking for all. 
  • It aimed at reaching the unbanked and underbanked and it leverages India’s vast postal network of 1.65 lakh post offices and 3 lakh postal employees, primarily in rural areas. 
  • It is built on India Stack and  it offers paperless, cashless, and presence-less banking at customers’ doorsteps through biometric-enabled smartphones. 

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    India Develops Solar-Based Technology for Green Hydrogen Generation

    Context

  • Scientists have developed a scalable next-generation device that produces green hydrogen by splitting water molecules using only solar energy.

    • What is hydrogen?

  • Hydrogen is the chemical element with the symbol H and atomic number 1. 
  • Hydrogen is the lightest element and the most abundant chemical substance in the universe, constituting roughly 75% of all normal matter.
  • It is colorless, odorless, tasteless, non-toxic, and highly combustible gas.

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    India to Cut Logistics Cost to 9% by Year-End

    Context

  • The Union Road Transport and Highways Minister has said that India’s logistics cost will come down to 9% by the Year-End.

    • Background

  • Logistics cost refers to the total expenditure incurred to move goods from the point of origin to the point of consumption.
  • It includes Transportation cost, Warehousing cost, Inventory carrying cost and Packaging and administrative cost.
  • The Economic Survey 2022-23 pointed out that logistics costs in India have been in the range of 14-18% of GDP against the global benchmark of 8%.

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    Steel Industry in India

    In News

  • Recently ,the Ministry of Steel has extended Bureau of Indian Standards (BIS) quality norms to steel inputs and imports, giving industry players less than one working day to comply. 

    • India’s Steel Sector 

  • Steel has been a key driver of industrialization and is considered a foundation of economic development.
  •  As both a raw material and intermediate product, its production and consumption reflect a nation’s growth. 
  • In India, the steel industry is divided into three categories: major producers, main producers, and secondary producers.

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    Understanding Pakistan’s Balancing Act on Iran

    Context

  • Pakistan has extended strong rhetorical support to Iran amid the ongoing Iran-Israel conflict.

    • How is Iran strategically important to India?

  • India and Iran share deep civilisational, linguistic, and historical ties. Post-independence, they signed a friendship treaty in 1950.
  • Key milestones include the 2001 Tehran Declaration and the New Delhi Declaration, which strengthened cooperation in areas like economy, energy, education, and counter-terrorism. 
  • Iran is extremely important for India as a strategic partner as it offers connectivity, particularly through the Chabahar Port and the International NorthSouth Transport Corridor (INSTC). 
  • These provide alternative trade routes, bypassing Pakistan and enhance access to Central Asia and beyond.

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    UK Assisted Dying Bill

    Context

  • The U.K. House of Commons passed the Assisted Dying Bill to allow terminally ill people in England and Wales to end their lives. 

    • About

  • The bill will only apply to people in England and Wales who have less than six months to live. 
  • A patient choosing to die would need to be of competent mind and two doctors, a psychiatrist, senior lawyer and social worker would need to sign off on their decision.
  • Advocates regard the new Bill as a humane and compassionate intervention that brings closure to a painful dependence on the immediate family. 
  • Opponents are apprehensive that the severely disabled and vulnerable patients may feel forced to end their lives to relieve the burden on relatives. 

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    Nuclear Non-Proliferation Treaty (NPT)

    Context

  • Recently, Iran’s Foreign Ministry has confirmed that its Parliament is drafting legislationto withdraw from the Non-Proliferation of Nuclear Weapons (NPT) Treaty.

    • Present Status

  • A total of 191 States have joined the Treaty, including the five nuclear-weapon States.
  • India, Pakistan, South Sudan and Israel never joined the treaty, however they are known or believed to possess nuclear weapons.
  • North Korea joined the NPT in 1985 but withdrew in 2003.

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    Financing Maternity Rights in India

    The recent landmark Supreme Court judgment on K Uma Devi vs State of Tamil Nadu pronounced is significant for recognising maternity rights as a Fundamental Right under Article 21 of the Constitution.

    संक्षिप्त समाचार 21-06-2025

    संदर्भ 

  • भारत पोस्ट पेमेंट्स बैंक (IPPB) को वर्ष 2024–25 के लिए डिजिटल पेमेंट्स अवॉर्ड वित्त मंत्रालय द्वारा प्रदान किया गया है, जिसे देशभर में डिजिटल भुगतान और वित्तीय समावेशन को बढ़ावा देने में इसकी महत्वपूर्ण भूमिका के लिए दिया गया।

    • भारत पोस्ट पेमेंट्स बैंक (IPPB) 

  • यह संचार मंत्रालय के अंतर्गत डाक विभाग के अधीन 100% भारत सरकार के स्वामित्व वाली इकाई है।
  • इसे 2018 में सभी के लिए सुलभ, किफायती और विश्वसनीय बैंकिंग प्रदान करने के उद्देश्य से शुरू किया गया था।

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