Weekly Current Affairs (19th May to 25th May 2025)

Category : Business and economics Published on: May 25 2025

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Tamil Nadu's 2025 GDP reached ₹17.23 lakh crore, surpassing Pakistan's GDP of $397.58 billion, with the state showing the fastest economic growth among Indian states.
Microsoft has laid off over 6,000 employees worldwide to reduce management layers and make teams more efficient.
Sebi mandates e-book mechanism for private debt securities above Rs 20 cr.
India's Growth Forecast Reduced: The United Nations lowered India's growth forecast for 2025 and 2026 amid global trade tensions and economic uncertainty.
SBM Bank India and ICICI Prudential Life Insurance Join Forces:
Remittance Transfer Tax: The US House Ways and Means Committee has proposed a remittance transfer tax change affecting non-resident Indians in the United States.
TCS ranked among World’s top 100 most valuable brands in Kantar BrandZ 2025 Report.
China-Pakistan Economic Deal: Pakistan and China have agreed to expand the China-Pakistan Economic Corridor (CPEC) to Afghanistan, potentially strengthening economic ties between the three nations:
BEL signs contract with Army for Indigenous Counter-Drone System, secures orders worth Rs 572 crore.
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs. 1 crore on Acko General Insurance.
Despite India's protest, the International Monetary Fund justified its bailout to Pakistan, sparking tensions between India and Pakistan.
Mukesh Ambani pledged Rs 75,000 crore for the development of the North-East region, while Gautam Adani announced an investment of Rs 50,000 crore.

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Weekly Current Affairs (19th May to 25th May 2025)

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