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Operation Sindoor Marks Strategic Shift in India-Pakistan Relations

In response to a terror attack in Pahalgam, India launched Operation Sindoor, a significant military operation targeting terrorist infrastructure in Pakistanoccupied Kashmir. The operation involved coordinated strikes by the Indian Army, Navy, and Air Force, utilizing advanced indigenous defense systems like Akashteer. Operation Sindoor signifies a decisive shift in India's defense posture, emphasizing proactive measures against crossborder terrorism.

Defense & Security

May 24, 2025 • The Economic Times

RBI Transfers Record Surplus of ₹2.69 Trillion to Central Government

The Reserve Bank of India (RBI) has approved a record surplus transfer of ₹2.69 trillion (approximately $31.5 billion) to the central government for the fiscal year 202425. This transfer exceeds the budgeted dividend of ₹2.56 trillion and is expected to provide additional fiscal space of approximately 0.2% of GDP. The surplus is attributed to strong US dollar sales, significant gains in foreign exchange reserves, and a consistent rise in interest income.

Economy

May 23, 2025 • Reuters

Indian Parliamentary Delegation Engages with Japanese Leaders on Counter-Terrorism

An allparty Indian parliamentary delegation, led by MP Sanjay Kumar Jha, met with Japanese Foreign Minister Takeshi Iwaya in Tokyo to discuss bilateral cooperation and regional security. The visit aimed to garner international support against crossborder terrorism following the April 22 Pahalgam attack. Japan reaffirmed its support for India's antiterrorism efforts and emphasized the need for collaborative security measures.

International Relations

May 22, 2025 • The Tribune

IBPS Releases 2025 Exam Calendar; Clerk Position Renamed to Customer Service Associate

The Institute of Banking Personnel Selection (IBPS) has announced its 2025 examination schedule, introducing a significant change by renaming the 'Clerk' position to 'Customer Service Associate' (CSA). This change, effective from April 1, 2024, reflects a shift towards customercentric roles in the banking sector. The preliminary exams are scheduled for December 6, 7, 13, and 14, 2025, with the main examination on February 1, 2026.

Exam Updates

May 22, 2025 • Shiksha

Foxconn to Invest $1.5 Billion in India, Boosting iPhone Production

Foxconn, a major supplier for Apple, has announced a $1.5 billion investment to bolster iPhone production in India. The move aligns with the Indian government's 'Make in India' initiative, aiming to enhance local manufacturing capabilities and reduce dependence on imports.

Economy

May 21, 2025 • Reuters

RBI to Slow Liquidity Support After ₹8.57 Trillion Injection; Surplus Transfer Expected

The Reserve Bank of India (RBI) announced plans to reduce liquidity support after injecting ₹8.57 trillion into the financial system. The move comes as the central bank anticipates a substantial surplus transfer to the government, signaling a focus on maintaining fiscal discipline and monetary stability.

Finance

May 21, 2025 • Economic Times