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

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

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

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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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