- According to a report released by Meta, India’s start-up ecosystem has witnessed exponential growth over the last decade.
- 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.
- Sectors such as healthcare, edtech, and beauty were leading in AI maturity, leveraging automation for customer service, predictive analytics, and personalisation.
- Tier 2 and 3 Market Focus: Emerging as the new growth area. Read More
Home / Daily Current Affairs / 28-06-2025
Daily Current Affairs – 28 June, 2025
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- 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.
- 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.
- The US is looking for greater market access, especially in sectors like agriculture, dairy, and industrial goods.
- Agriculture and Dairy Sensitivities: India is cautious about opening its agriculture and dairy sectors, citing the need to protect small farmers and domestic producers.
- These sectors are politically sensitive and have become major sticking points in trade talks. Read More
India-US Trade Deal To Finalise Soon
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Key Concerns in US-India Trade Relations
- 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)”.
- 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. Read More
Statistical Report on Agriculture and Allied Sectors
Context
About
- The Union Minister of Ports, Shipping & Waterways (MoPSW) inaugurated 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) .
- It is India’s first NBFC in the maritime sector. Read More
India’s First Maritime NBFC Launched
In News
Sagarmala Finance Corporation Limited (SMFCL)
- The first batch of Indian pilgrims has arrived at Lake Manasarovar in Tibet after a five-year pause, marking the resumption of the sacred pilgrimage.
- It is one of the world’s highest freshwater lakes, located about 2,000 km from Lhasa at the southern foot of Mount Kailash.
- Mount Kailash and the Mansarovar Lake lie in the Tibet Autonomous Region of China.
- It is known for its crystal-clear blue shores and emerald green center.
- It is revered in both Hinduism and Buddhism and attracts pilgrims mainly from India, Tibet, and neighboring countries. Read More
