School Assembly News Headlines: 7 May 2025 

National News

1. India lists first mortgage-backed certificates on NSE, backed by LIC housing loans worth ₹1,000 crore, promoting financial innovation.

2. Amit Shah reviews key cooperative bodies boosting organic farming, exports, and seed development under India’s “Whole of Government” approach.

3. Government blocks auction of sacred Piprahwa Relics in Hong Kong, preserving India’s historical connection to Lord Buddha’s teachings.

4. Civil Defence mock drills planned nationwide to check emergency readiness; Union Home Ministry urges all districts to participate actively.

International News

1. UNSC questions Pakistan’s claims, condemns Pahalgam attack, raises concern over missile tests and demands accountability for cross-border terrorism.

2. US offers $1,000 and travel aid for migrants choosing self-deportation, aiming to reduce costly deportation procedures, says DHS.

Sports News

1. Nottingham Forest draws 1-1 with Crystal Palace, dropping crucial points in Champions League race, now two behind Chelsea.

2. Gavaskar’s Asia Cup comment sparks backlash; India-Pakistan sports ties tense after Kashmir attack and suspension of water-sharing treaty.

Business News

1. India lists first mortgage-backed certificates on NSE worth ₹1,000 crore, promoting housing finance innovation and attracting major financial institutions.

2. India’s Services PMI rises to 58.7 in April, showing steady growth; Composite PMI also indicates strong economic expansion.

1. India Lists First Mortgage-Backed Pass Through Certificates on NSE, Marking a Milestone in Housing Finance
In a significant move, ₹1,000 crore worth of mortgage-backed Pass Through Certificates were listed on NSE. These are backed by LIC Housing Finance loans and aim to strengthen India’s housing finance sector.

2. Amit Shah Reviews Progress of Key Cooperative Institutions Focused on Export, Organics, and Seeds
Home Minister Amit Shah led a meeting reviewing three national cooperatives formed in 2023 to promote organic farming, seed quality, and exports, supporting farmers under a unified government strategy.

3. Centre Stops Auction of Sacred Piprahwa Relics Linked to Lord Buddha in Hong Kong
The Culture Ministry acted quickly to stop the auction of Piprahwa Relics, believed to be connected to Lord Buddha. A legal notice was sent to Sotheby’s, which agreed to review the issue seriously.

4. Centre Plans Nationwide Civil Defence Mock Drill to Strengthen Emergency Preparedness at Village Level
The Home Ministry will conduct civil defence mock drills across 244 districts to improve disaster readiness. States will test local emergency systems through practical drills, reaching even the village level.

5. Jitendra Singh Pushes for India’s Own AI System to Support Science and Deep-Tech Growth
Minister Jitendra Singh urged the development of an Indian AI Open Stack, designed for local scientists. He emphasised innovation, deep tech startups, and sharing scientific infrastructure for future growth.

6. PM Modi Congratulates Australia’s PM on Second Term, Both Leaders Reaffirm Stronger India-Australia Ties
Prime Minister Modi congratulated Australian PM Albanese on re-election. They pledged to deepen cooperation under the Comprehensive Strategic Partnership and appreciated the Indian diaspora’s role in building strong international friendship.

7. India Stops Chenab River Flow to Pakistan After Terror Attack, Suspends Indus Waters Treaty
After the deadly Pahalgam attack, India shut sluice gates of two key dams, reducing water flow to Pakistan and halting the Indus Waters Treaty, a major water-sharing agreement.

8. OpenAI Cuts Back Restructuring, CEO Sam Altman’s Power Curbed Amid Lawsuit by Elon Musk
OpenAI revised its leadership plans, keeping nonprofit control. The move follows Elon Musk’s lawsuit claiming OpenAI drifted from its mission of using AI to help humanity.

9. IIFT to Open New Campus at GIFT City, Gujarat with Education Ministry’s Approval
The Indian Institute of Foreign Trade will set up a new centre at GIFT City, Gandhinagar. It will follow updated university rules and boost trade-related education in India.

10. Bharat Telecom 2025 Kicks Off in Delhi, Showcasing India’s Strength in Global Telecom Industry
Minister Jyotiraditya Scindia launched Bharat Telecom 2025 to highlight India’s growing role in telecom exports. The event promotes innovation in telecom gear and digital technologies for the future.

1. Telangana Gears Up to Host Miss World 2025, CM Revanth Reddy Stresses Cultural and Global Impact
Telangana CM Revanth Reddy urged officials to deliver top-notch arrangements for Miss World 2025, aiming to showcase Telangana’s culture and boost Hyderabad’s image on the global stage.

2. Punjab Police Recover Huge Arms Cache in Joint Operation Near SBS Nagar Forest Area
In a major operation, Punjab Police and central agencies seized arms and ammunition from a forest near SBS Nagar. The recovery boosts efforts to maintain state security and vigilance.

3. Rangacherra Becomes Tripura’s First Green Village with Solar Power and Clean Water Initiatives
Rangacherra village in Tripura has become the state’s first green village. Thanks to solar power and purified water systems, it’s a model for sustainable living in rural India.

4. Kerala’s Grand Thrissur Pooram Festival Draws Huge Crowds with Elephants, Fireworks, and Traditions
The famous Thrissur Pooram festival is being celebrated at Vadakkumnathan Temple. Known for its grand processions, it attracts thousands to witness Kerala’s rich temple traditions and cultural brilliance.

5. Supreme Court Orders Maharashtra to Hold Local Body Polls Within Four Weeks After OBC Reservation Delay
The Supreme Court has asked Maharashtra to conduct long-pending local elections within four weeks. The polls were delayed due to issues around OBC reservation and legal challenges.

1. UN Security Council Questions Pakistan Over Terror Links and Rising Tensions with India
The UN Security Council raised concerns about Pakistan’s missile tests and links to LeT in the Pahalgam attack. Tensions between India and Pakistan were discussed, emphasising the need for accountability.

2. US to Offer $1,000 and Travel Aid to Migrants Who Voluntarily Leave, Says Homeland Security
The US will offer $1,000 and travel support to migrants who leave voluntarily. This is a cost-effective alternative to deportation, which usually costs around $17,000 per person.

3. Kremlin Announces Ceasefire in Ukraine from May 8-10, But Will Respond to Strikes
Russia plans a ceasefire from May 8-10 to mark WWII victory, following Putin’s orders. However, it will retaliate if Ukraine targets Russian positions during this period.

4. Pakistan Struggles with $130 Billion Debt Amid Economic Crisis and High Loan Rates
Pakistan’s economy faces severe strain with over $130 billion in external debt. The country is forced to take high-interest loans just to service existing debt, worsening the economic crisis.

5. Bangladesh’s Former Prime Minister Khaleda Zia Returns After Four Months of Treatment in London
Khaleda Zia, former Prime Minister of Bangladesh and BNP Chairperson, returned to Dhaka after four months of treatment in London. BNP leaders hope her return will aid in strengthening democracy in the country.

1. Nottingham Forest Held to 1-1 Draw by Crystal Palace, Hampering Champions League Hopes
Nottingham Forest’s Champions League hopes were dented with a 1-1 draw against Crystal Palace. Forest remains in sixth place, two points behind Chelsea for the final qualification spot.

2. Former Pakistani Cricketers Criticise Sunil Gavaskar’s Remarks on Pakistan’s Possible Absence from Asia Cup
Sunil Gavaskar’s comments on Pakistan’s potential absence from the Asia Cup have sparked backlash from Pakistani cricketers, following political tensions and the recent militant attack in Kashmir that killed 26 tourists.

3. Rajasthan’s Prachi and Mayank Choudhary Win First Gold at Khelo India Youth Games 2025
Rajasthan’s Prachi and Mayank Choudhary clinched the first gold at Khelo India Youth Games 2025, defeating Uttar Pradesh in a tense 10m air pistol mixed team final by hitting a near-perfect final shot.

4. Brisbane 2032 Olympics Chief Welcomes Mikaela Cojuangco Jaworski as New Chair of Coordination Commission
Andrew Liveris, Brisbane 2032 Olympics chief, has welcomed Mikaela Cojuangco Jaworski as the new chair of the coordination commission, responsible for overseeing the Games’ preparations on behalf of the IOC.

5. Nottingham Forest’s Champions League Hopes Dented with 1-1 Draw Against Crystal Palace
Nottingham Forest’s Champions League aspirations took a hit with a 1-1 draw against Crystal Palace. Forest remains in sixth place, two points behind Chelsea for the final qualification spot.

1. India’s First Mortgage-Backed Pass Through Certificates (PTCs) Listed on NSE
M. Nagaraju, Secretary, Department of Financial Services, rang the ceremonial bell to mark the listing of India’s first mortgage-backed Pass Through Certificates (PTCs) on the National Stock Exchange (NSE). The PTCs were fully subscribed.

2. India’s Services PMI for April 2025 Shows Slight Growth in Services Sector
India’s Services Purchasing Managers’ Index (PMI) for April 2025 rose to 58.7 from 58.5 in March, indicating slight growth. The India Composite PMI also rose to 59.7, reflecting expansion across sectors.

3. India’s Services Sector Regains Momentum with Increased Demand and Employment in April
India’s services sector regained momentum in April, with the HSBC India Services PMI rising to 58.7 from 58.5 in March. Demand grew, and employment expanded, continuing 45 consecutive months of growth.

4. Moody’s Lowers India’s 2025 GDP Growth Forecast to 6.3% Amid Global Slowdowns
Moody’s Ratings reduced India’s 2025 GDP growth forecast to 6.3%, down from 6.5%. Global economic slowdowns, geopolitical tensions, and trade restrictions are factors contributing to this revised projection for India’s growth.

5. India’s First Mortgage-Backed Pass Through Certificates Listed on NSE
M. Nagaraju, Secretary, Department of Financial Services, marked the listing of India’s first mortgage-backed Pass Through Certificates (PTCs) on NSE. The PTCs, worth ₹1,000 crore, are backed by LIC Housing Finance loans.

1. Macquarie University to Offer AUD $40,000 Scholarships for Indian Students
Macquarie University will offer AUD $40,000 scholarships for Indian students in the 2025 and 2026 batches. The merit-based scholarships cover tuition fees for undergraduate and postgraduate courses at the Sydney campus.

2. NTA Informs UGC About Postponement of Examination Schedule
The NTA has informed the University Grants Commission (UGC) that it cannot conduct the previously scheduled examination. A meeting between NTA and UGC will decide on a new examination schedule.

3. HBSE to Announce Class 10 and 12 Results on May 12 and 17, 2025
HBSE will announce the Class 10 results on May 12 and Class 12 results shortly after. Students can access their results online through the official HBSE website at bseh.org.in.

4. Mizoram Board Declares Class 12 (HSSLC) Exam Results for 2024-25
The Mizoram Board of School Education (MBSE) has declared the Class 12 (HSSLC) exam results for the academic year 2024-25. Results for all three main streams – arts, science, and commerce – are now available.

5. West Bengal HS Results to Be Declared on May 7, 2025
The West Bengal Council of Higher Secondary Education (WBCHSE) will announce the Class 12 board exam results on May 7. Candidates can check their scores on wbresults.nic.in and wbchse.wb.gov.in once released.

1. Thunderstorms, Light Rain Forecast for Delhi on May 7
Delhi expects cloudy skies, light rain, and thunderstorms with gusty winds (30-40 kmph). Maximum temperature around 36°C, minimum 21°C, under orange alert.

2. Gujarat Braces for Heavy Rainfall, Thunderstorms
Gujarat faces moderate to heavy rainfall and thunderstorms on May 7, with winds of 50-60 kmph, following deadly storms earlier this week.

3. Northeast India Expects Moderate Rainfall
Assam and Northeast India, including Guwahati, will see moderate rainfall and cloudy skies on May 7, contrasting with national heatwaves.

4. Bengaluru Under Yellow Alert for Rain
Bengaluru forecasts light rainfall, cloudy skies, and possible thunderstorms on May 7, with temperatures between 23-32°C and 56% humidity.

3. Mumbai to See Pre-Monsoon Showers
Mumbai anticipates light to moderate rainfall and thunderstorms on May 7, offering relief from heat, with temperatures around 29-30°C.