On June 07th, 2025, India marked developments in governance, economic recovery, and international affairs. The launch of the UMEED Portal aims to reform Waqf property management, while the IBC continues to lead corporate debt resolution. Meanwhile, Pakistan’s appointment to the UN CTC has drawn criticism from India, highlighting ongoing diplomatic concerns.
Awareness regarding daily UPSC current affairs is crucial for cracking the UPSC Prelims, excelling in UPSC Mains. It helps perform well in the UPSC personality test, thus becoming an informed and effective UPSC civil servant.
Daily UPSC Current Affairs 07-06-2025
Below are the current affairs and headlines of the day taken from The Hindu, Indian Express, Press Information Bureau & All India Radio as required for UPSC preparation:
Your Total Savings ₹50000 People also like
UMEED Portal
Source: The Hindu
Syllabus: GS Paper II (Governance)
IN NEWS
- The Union Government is set to launch the UMEED Portal, a centralized digital platform for managing and registering Waqf properties across India.
- This follows the enactment of the Waqf (Amendment) Bill, 2025, which recently received Presidential assent.
What is the UMEED Portal?The Unified Waqf Management, Empowerment, Efficiency, and Development (UMEED) portal is a centralized digital system developed by the Ministry of Minority Affairs. It aims to:
|
Key Features
- Mandatory Online Registration: All Waqf properties must be registered within 6 months of launch, including geotagged location data and ownership details.
- Three-Tier Approval System:
- Mutawalli uploads property documents.
- State Waqf Board officer verifies.
- The CEO of the Board gives final approval.
- Geospatial Integration: Properties must include GIS/geotagging for mapping and verification.
- Exclusion Clause: Properties in the name of women are not eligible as Waqf. However, women, children, and EWS will remain beneficiaries.
- Grace Period & Tribunal Referral:
- Non-registration beyond 6 months may get a 1–2 month extension.
- Unregistered properties beyond the deadline to be treated as disputed and referred to the Waqf Tribunal.
- Non-migration of Previous Data: Existing records will not be migrated. Fresh uploads are mandatory.
Significance
The portal seeks to modernize Waqf governance, reduce disputes, and enhance welfare outreach.
Insolvency and Bankruptcy Code (IBC), 2016
Source: The Hindu
Syllabus: GS Paper III (Economy)
IN NEWS
- The IBC has completed over 8 years since its implementation. As of FY 2023–24, creditors recovered ₹3.89 lakh crore—achieving a 32.8% recovery rate, with IBC responsible for 48% of bank recoveries, according to the RBI.
What is IBC?The Insolvency and Bankruptcy Code (2016) is a comprehensive legislation that consolidates insolvency processes for companies, LLPs, partnerships, and individuals. It:
|
Why was IBC Introduced?
India's earlier framework involved overlapping laws (SARFAESI, SICA, DRT, Companies Act), resulting in:
- Lengthy litigation
- Poor asset recovery (<20%)
- Decline in credit confidence IBC aimed to:
- Improve ease of doing business
- Allow early resolution of financial distress
- Create a vibrant distressed asset market
Key Features
- Time-Bound Resolution: CIRP to be completed in 180–330 days including litigation.
- Creditor-in-Control Mechanism: Power shifted to Committee of Creditors (CoC).
- Moratorium Period: Legal proceedings halted post-admission of insolvency.
- Institutional Framework:
- IBBI as regulator
- NCLT/DRT as adjudicators
- IPs and IUs as facilitators
- Section 12A: Permits withdrawal of insolvency cases with 90% CoC approval.
- Pre-Packaged Insolvency (2021): For MSMEs to enable swift resolution.
Is IBC a Preferred Route for Recovery?
Yes. As of Dec 2024:
- 30,310 cases settled pre-admission (defaults worth ₹13.78 lakh crore).
- Resolution values: 170.1% of liquidation value.
- 93.41% of fair value recovered on average.
Has IBC Been Effective?
YES. Key outcomes include:
- Improved borrower behavior
- Drop in Gross NPAs from 11.2% (2018) to 2.8% (2024)
- Recovery rate improved to 32.8%
- Greater transparency and governance in restructured firms
Know more about the Difference Between Insolvency and Bankruptcy!
UN Counter-Terrorism Committee (CTC)
Source: The Hindu
Syllabus: GS Paper II (International Relations)
IN NEWS
- Pakistan has been appointed as the Vice-Chair of the UN Security Council’s Counter-Terrorism Committee (CTC) for 2025 and will also chair the Taliban Sanctions Committee.
- India has expressed strong criticism over the decision.
What is the UN CTC?The Counter-Terrorism Committee (CTC) is a subsidiary body of the UN Security Council, established via Resolution 1373 (2001) post 9/11 to:
The CTC is supported by the Counter-Terrorism Committee Executive Directorate (CTED). |
How Are Chair & Vice-Chair Appointed?
- Appointments are made by consensus among the 15 UNSC members, not by the General Assembly.
- Includes 5 Permanent Members (China, France, Russia, UK, US) and 10 Non-Permanent Members elected for two-year terms.
- Selection considers regional representation, diplomatic negotiation, and geopolitical balance.
Why the Controversy?
- India has objected to Pakistan’s appointment citing its record on cross-border terrorism and support for entities sanctioned by the UN.
- Seen as diplomatically incongruent with the CTC’s goals.
Significance
- Raises questions about credibility and neutrality in global counter-terror efforts.
- Reflects geopolitical compromises in UN decision-making.
- Highlights limitations of multilateral diplomacy in enforcing counter-terror norms.
Monthly Current Affairs Compilation
|
Monthly Current Affairs |
| UPSC Current Affairs for June 2025 |
Download the Testbook APP & Get Pass Pro Max FREE for 7 Days
- 10,000+ Study Notes
- Realtime Doubt Support
- 71000+ Mock Tests
- Rankers Test Series
- + more benefits
Download the testbook app and unlock advanced analytics.