TNPSC BITS
❖IndiGo has emerged as the world's second-fastest-growing airline in terms of seat capacity and the fastest-growing airline in terms of flight frequency.
❖ India, Japan, Australia and the Republic of Korea are participating in the Sea Dragon 2025 naval exercise at the Guam coast in the western Pacific Ocean, which is hosted by the U.S. Navy’s 7th Fleet.
❖ The Life Insurance Corporation of India (LIC) is the strongest insurance brand, with a steady brand value (12th rank) of $9.8 billion.
❖ The Assam government has named the Electronic City after Ratan Tata as a tribute to his immense contributions to India's industrial and technological development.
❖ Madhya Pradesh, the tiger state of India, has officially designated Madhav National Park as India's 58th and 9th Tiger reserve.
❖ The State Bank of India (SBI) has launched ‘SBI Asmita’, a collateral-free digital SME loan exclusively for women entrepreneurs.
❖ Mark Carney has been appointed as the new leader of Canada’s Liberal Party and the country’s next Prime Minister to replace Justin Trudeau.
Deal for T-72 tank engines
❖ The defence ministry of India has inked a USD 248 million deal with Russia's Rosoboronexport for the procurement of engines for T-72 tanks.
❖ The contract also involves the transfer of technology (ToT) to Armoured Vehicles Vehicle Factory in Avadi.
❖ The T-72 tank, named Ajeya in the Indian Army, was introduced in India in the 1970s.
❖ It is currently fitted with a 780 HP Engine.
ECONOMIC NEWS
India Financial System Stability Assessment 2025
❖ It was the International Monetary Fund report titled “India Financial System Stability Assessment”.
❖ It found that 63% of the power sector loans were from the three largest Infrastructure Financing Companies, a type of NBFC, in the fiscal year 2024.
❖ This increased from 55% in 2019-20.
❖ Moreover, 56% of their lending was financed by market instruments and the rest by bank borrowings.
❖ Public sector banks (PSBs) may have difficulties maintaining a capital adequacy ratio (CAR)of barely 9%.
❖ The CAR is the ratio of capital to risk-weighted assets used to measure the bank’s ability to absorb losses.
❖ The RBI mandates a 12% and 9% CAR for PSB and Scheduled commercial banks, respectively.
