Current Affairs 06 May 2025

President Trump imposes 100% tariff on films produced outside US.

• U.S. President Donald Trump announces a 100% tariff on foreign-produced movies to protect Hollywood and U.S. filmmakers.
• Trump claims other countries are luring American filmmakers with incentives, causing the decline of the U.S. movie industry.
• The tariff would be enforced by the Department of Commerce and the U.S. Trade Representative (USTR).

Mumbai Airport unveils digital-first Airport Operations Control Centre.

• Mumbai International Airport, owned by Adani Group, inaugurates a revamped Airport Operations Control Centre (AOCC) with advanced infrastructure and technology.
• The new AOCC features cutting-edge visuals, real-time data, and communication systems, enhancing efficiency and coordination among airport stakeholders.

India’s First Mortgage-Backed Pass Through Certificates Listed on NSE.

• India’s first mortgage-backed Pass Through Certificates (PTC), structured by RMBS Development Company, were listed on the National Stock Exchange.
• The PTCs are backed by a pool of housing loans from LIC Housing Finance, with a fully subscribed issue of ₹1,000 crore.
• The PTCs offer a 7.26% per annum coupon and a maturity of nearly 20 years, rated AAA(SO) by CRISIL and CARE Ratings.

Greenfield Airports Approved for Kota and Puri.

• Union Minister Rammohan Naidu Kinjarapu grants in-principle approval for Greenfield airports in Kota, Rajasthan, and Puri, Odisha.
• Kota Airport will serve as a major hub for education and industry, benefiting the Hadoti region with enhanced connectivity.
• The Puri airport will boost religious tourism and regional development, improving access to key metropolitan cities.

Indian Navy and DRDO Successfully Test Multi-Influence Ground Mine.

• Indian Navy and DRDO conduct successful combat firing of the indigenously developed Multi-Influence Ground Mine (MIGM).
• MIGM is designed to enhance the Navy’s capabilities against modern stealth ships and submarines.
• The mine features multiple sensors for detecting acoustic, magnetic, and pressure influences from marine vessels.