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April 08, 2025

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Heres whats going on in 🇮🇳

  • Empowering Indian Entrepreneurs

  • President Murmu Honored in Lisbon

  • Indigenous Wireless EV Charger Technology

10 Years of Pradhan Mantri Mudra Yojana

Prime Minister Narendra Modi will interact with beneficiaries of Pradhan Mantri Mudra Yojana (PMMY) on April 8, 2024, marking its 10th anniversary. The event, telecast at 9 AM, celebrates PMMY's success in providing over 52 crore loans totaling more than 32 lakh crore rupees since its 2015 launch. PMMY offers collateral-free loans up to 10 lakh rupees to small and micro enterprises, promoting financial inclusion and entrepreneurship.

Why it's important: PMMY's 10th anniversary highlights its significant contribution to India's economic growth by empowering millions of small and micro entrepreneurs through accessible credit.

President Murmu Honored in Lisbon, Strengthening India-Portugal Ties

President Droupadi Murmu received the “Key of Honour” of Lisbon, Portugal's highest city award, on October 26, 2023. Mayor Carlos Moedas presented the award, recognizing her as an honorary citizen. President Murmu expressed gratitude, highlighting Portugal's importance as a partner and the strong Indian community there. She discussed India's vision for a sustainable world ("Viksit Bharat" by 2047) and bilateral cooperation in areas like renewable energy and IT. Her visit marks the 50th anniversary of India-Portugal diplomatic ties. On October 27, she will meet the Portuguese Prime Minister and visit key locations before proceeding to Slovakia.

Why it's important: President Murmu's visit strengthens India-Portugal relations, celebrating 50 years of diplomatic ties and fostering cooperation in key areas for mutual benefit.

Indigenous Wireless EV Charger Technology Transferred for Commercialization

CDAC and VNIT Nagpur's indigenous wireless electric vehicle (EV) charger technology, capable of 90 percent battery charging in three hours, has been transferred to an Indian firm for commercialization. This transfer, announced on [Date not provided] in New Delhi by S. Krishnan, secretary of the Ministry of Electronics and Information Technology, marks a significant step towards achieving "Make in India" and "Aatmanirbhar Bharat" goals. The technology was developed under the National Mission on Power Electronics Technology and highlights the importance of industry collaboration in research.

Why it's important: This technology transfer signifies a crucial step towards India's self-reliance in EV technology, boosting domestic manufacturing and reducing dependence on foreign imports.

Global Chronicles 🌐 

  • South Korea's snap presidential election is set for June 3rd, following Yoon Suk Yeol's removal from office last week for declaring martial law on December 3rd.

  • President Trump announced direct U.S.-Iran nuclear talks beginning Saturday, warning Tehran of significant danger if negotiations fail.

Market Movers 🤑 

  • Major Asian and European indices plummeted today, with Hong Kong's Hang Seng down 15.2%, Japan's Nikkei down 8.5%, and other major indices experiencing significant losses, fueled by US-China trade tensions and recession fears.

  • Domestic equity indices plunged ~3%, with Sensex closing at 73,138 (-2,227 points) and Nifty at 22,162 (-743 points), mirroring global recession concerns.

Sports Spectacle 🏅 

  • RCB beat Mumbai Indians by 12 runs last night, with Rajat Patidar's 64 leading to a 221/5 total, while Krunal Pandya took 4 wickets for Mumbai, who scored 209/9 chasing 222.

  • Rudrankksh Patil won his second ISSF World Cup gold in the men's 10m air rifle, giving India a joint lead in the medal standings with China (2 gold, 1 silver, 1 bronze) at the 2025 Buenos Aires event.

Meme of the day

Thank you for being awesome readers and staying informed with our news updates! We look forward to having you join us again on the next one for more exciting stories.

Stay curious and keep smiling!
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