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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
The Public Investment Board (PIB), a Finance Ministry body that appraises large public investments, had in August 2024 termed the proposed International Container Transhipment Port (ICTP) at Galathea Bay in Great Nicobar Island as lacking "strategic objectives".
2.
The southwest monsoon set in over Kerala on Thurs-day, the India Meteorological Department (IMD) announced. The monsoon has arrived three days later than the normal onset date of June 1 and five days be-hind the date forecast by the department.
3.
Israel and Lebanon agreed on Wednesday to implement a ceasefire but said it would require a "complete cessation" of fire by Iran-backed Hezbollah, according to a joint statement after U.S.-led talks in ter Washington.
4.
There is one figure that should command the attention of every policymaker, banker, and financial expert in India. India will require 162.5 trillion - roughly $2.5 trillion - by 2030 to meet its Nationally Determined Contributions. Over the longer term, the cost of achieving net-zero emissions by 2070 is estimated at $10.1 trillion, nearly three times India's current GDP. This is not a counsel of despair. India has more tools to bridge this gap than it has deployed so far. But doing so requires a clear financing strategy and the institutional resolve to build mechanisms that can mobilise capital at scale.
5.
In India, the environment sits on the back bench - starved of funds, with only 0.07% of the annual budget allocated to the Ministry of Environment, Forest and Climate Change (MoEFCC), understaffed, and intellectually neglected. Its custodians often work in silos with overlapping jurisdictions. The result is ignorance masquerading as knowledge. The MoEFCC's annual reports outline forest-restoration initiatives such as the National Afforestation Programme (NAP) and REDD+ (reducing emissions from deforestation and forest degradation in developing countries '+' additional forest-related activities that protect the climate), yet say little about the scale of State-wise deforestation, its impact on biodiversity and livelihoods, or the country's preparedness for future environmental challenges.
6.
When Cyclone Dana made landfall near Bhitarkanika on Odisha's coast, the region's mangroves quietly provided a form of protection that billions of rupees in coastal infrastructure often struggle to deliver: reducing climate impacts while strengthening ecosystems and livelihoods. Across India's coastline, mangroves, seagrass meadows, and coral reefs are already helping communities adapt to rising cli-mate risks.
7.
Asia is sitting on significant pools of capital committed to climate action, health, and poverty reduction. What we have not yet built is a framework that recognises these as part of the same pool. Globally, half of the $4 trillion SDG financing gap lies in the energy transition alone. That means that the single largest driver of development underfunding is also a climate problem. In India, estimates suggest that achieving the Sustainable Development Goals will require additional in-vestments of around 6% of GDP annually, and the sectors driving this gap energy, infrastructure, and health - are also the sectors where climate investment is most urgently needed.
8.
India often meets the arrival of extreme heat and erratic rain with a familiar shrug: the weather is harsh, the monsoon is uncertain, and life must go on. But that response misses the larger point. If El Niño returns as forecast, India will not face merely a weather disturbance; it will face a development crisis in which heat stress, water scarcity, crop losses, and food inflation expose the fragility of the informal economy.
9.
At the COP climate summits and elsewhere, India's representatives, including its Union Environment Minister, have argued that economically developing and under-developed countries deserve an extended off-ramp regarding the use of fossil fuels because these countries cannot abruptly abandon the cheapest source of energy known without also plunging millions of people back into poverty.
10.
India's partnership with Venezuela is of "immense importance" for the Global South, Prime Minister Narendra Modi said on Thurs-day, welcoming Delcy Rodriguez, the Acting President of Venezuela, even as the South Ameri-can country called "energy security a fundamental pillar of the bilateral relationship".
11.
Seeking to expand cooperation and technology-sharing in the realm of critical minerals, India and the United Kingdom on Thursday formally launched the Critical Minerals Global Supply Chain Observatory (GSCO). The platform - to be jointly operated by India's Technology Innovation in Exploration & Mining Foundation (TEXMIN), Indian Institute of Technology (ISM) Dhanbad and U.K's University of Cambridge - will institute a data-driven platform to monitor and analyse global critical mineral supply chains.
12.
An apex Kuki organisation has opposed the ongoing Special Intensive Revision (SIR) of electoral rolls in conflict-scarred Manipur, alleging that it has excluded thousands of internally displaced persons (IDPs) from the community.
13.
Defence Minister Rajnath Singh on Thursday revised the financial powers of the defence forces via the framework for the Delegation of Financial Powers for De-fence Services, including for medical and works pro-jects. The move aims to enhance operational efficienсу, accelerate procurement, and strengthen self-reliance in the defence sector.
14.
In an effort to strengthen grassroots governance, the Ministry of Rural Development is planning to train 2,000 Block Development Officers (BDOs), focusing the training on decentralised planning. The officers will be trained in the use of Geographic Information Systems (GIS) and Management Information Systems (MIS), which have become crucial especially with the new rural employment law Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission.
15.
Parliament's Public Аccounts Committee (PAC), headed by senior Congress leader K.C. Venugopal, pulled up the government over its flagship skilling programme, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY). Citing the audit report tabled by the Comptroller and Auditor General (CAG), the panel said the scheme disproportionately focused on skilling for jobs with low demand, such as retail.
16.
Prohibiting the use of artificial intelligence (AI) to deter-mine judicial outcomes, the Supreme Court Al committee has proposed draft regulations that bar AI-assisted sentencing without mandatory human over-sight, prevent Al systems from profiling parties or witnesses, and disallow the use of "opaque" or "unexplainable" Al systems in any court process.
17.
India plans to scrap capital gains tax on foreign portfolio investments in government securities, which could help boost such in-flows, a source familiar with the matter said on Thursday.
18.
A recent study conducted in Vellore found that prevalence of thinness and overweight began to rise sharply between ages seven and nine; double burden of malnutrition is a cause of concern in India and needs to be addressed; programmes designed primarily to combat undernutrition need to be re-thought
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