Daily Current Affairs - 24 June 2025

The Indian Navy is set to induct its newest stealth multi-role frigate, Tamal, on 1 July 2025 in Kaliningrad, Russia. The commissioning ceremony will be led by Vice Admiral Sanjay J Singh. Tamal is the eighth Krivak-class ship acquired over two decades and the second of the upgraded Tushil class, following the Talwar and Teg series.

David Valentine Lawrence, who played five Tests and one ODI for England between 1986 and 1991, has passed away aged 61 after a battle with Motor Neurone Disease. A fearsome fast bowler, Lawrence took 18 Test wickets at an average of 37.55 and four in his lone ODI appearance.

Frederick W. Smith, the visionary founder and longtime Executive Chairman of FedEx Corporation, passed away at 80. FedEx CEO Raj Subramaniam paid tribute on the company’s website, expressing profound sorrow and highlighting Smith’s transformational legacy in global logistics.

Hindustan Copper Limited (HCL) welcomed a three‑week delegation from CODELCO, the Chilean state copper producer, in New Delhi. The experts will tour HCL’s operational units to study mining practices and discuss knowledge exchange and potential technology integration.

Hindustan Aeronautics Limited (HAL) secured a ₹511 crore contract from IN‑SPACe to manufacture and commercialise ISRO’s Small Satellite Launch Vehicle (SSLV). HAL will produce 6–8 rockets annually for Indian and overseas customers and becomes the first Indian entity to own full SSLV launch vehicle technology, estimated at $6.5 million revenue per launch.

Iran’s Majlis has authorised, and referred for final approval to its Supreme National Security Council, a move to close the Strait of Hormuz. This strategic waterway sees nearly 20% of global oil exports, making the potential closure a major concern for energy markets. The decision follows U.S. airstrikes on three Iranian nuclear facilities.

The Paralympic Committee of India, with Delhi CM, inaugurated the logo and mascot “Viraaj” for the 2025 World Para Athletics Championships, scheduled from September 27 to October 5 at Jawaharlal Nehru Stadium. Viraaj, a young elephant with a blade prosthesis, represents strength and resilience. India becomes the fourth Asian nation to host, after Qatar, UAE, and Japan.

According to UNCTAD’s 2025 World Investment Report, India has moved up one position to rank 15th globally in foreign direct investment (FDI) destinations. Although FDI inflows fell marginally from $28.1 billion in 2023 to $27.6 billion in 2024, there was strong growth in greenfield project announcements, indicating robust investor interest.

The Solar Energy Corporation of India (SECI) is on the verge of issuing contracts for producing 724,000 tonnes of green ammonia annually. Green ammonia, made via renewable-powered green hydrogen, offers a low-carbon alternative to fossil-fuel–based fertiliser inputs like urea. SECI will also aggregate demand and secure long-term 10-year offtake agreements to provide producers with market assurance.

The RBI, through its Innovation Hub (RBIH), has introduced the Unified Lending Interface (ULI), a first-of-its-kind digital public infrastructure aimed at transforming lending for MSMEs. The platform will streamline the lending process by enabling efficient, transparent loan origination and risk assessment across banks and NBFCs.