Current Affairs 04 June 2025

₹2,000 Notes: Only 1.74% Remain Circulating After RBI Withdrawal.

• RBI reports 98.26% of ₹2,000 notes returned since withdrawal began on May 19, 2023.
• Value of ₹2,000 notes in circulation dropped from ₹3.56 lakh crore to ₹6,181 crore by May 31, 2025.
• Exchange facility continues at 19 RBI Issue Offices and via India Post for bank credit.

Govt Integrates Agri-Schemes via Unified Krishi Nivesh Portal.

• The government merged multiple agri-schemes into the Krishi Nivesh portal to boost investments.
• The portal currently covers 17 flagship schemes across seven ministries for seamless access.
• Enables tracking of applications, investment opportunities, and eases loan disbursal processes.

RBI to Enhance Bank Liquidity Stress Tests with Cash Flow Analysis.

• RBI plans to develop cash flow analysis for liquidity risk stress testing of Scheduled Commercial Banks.
• The process will assess banks’ ability to meet obligations under extreme but plausible stress scenarios.
• This framework aims to ensure forward-looking resilience and stability of banks’ liquidity positions.

India Unveils "BharatGen" AI Model for Multilingual Innovation.

• India launched BharatGen, a multimodal AI model supporting 22 Indian languages at the BharatGen Summit.
• Developed under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) and led by the TIH Foundation for IoT & IoE at IIT Bombay.
• The initiative collaborates with leading academic institutions to create AI that is ethical, multilingual & deeply rooted in Indian values.

Bangladesh Removes Sheikh Mujibur Rahman from New Currency Notes.

• New Bangladeshi banknotes no longer feature Sheikh Mujibur Rahman’s portrait.
• Currency now showcases Hindu, Buddhist temples, national landmarks, and cultural artwork.
• Change follows political shifts after the ouster of former PM Sheikh Hasina.