Union Minister Ashwini Vaishnaw Launches Guidelines and Portal for ECMS to Boost Electronics Manufacturing in India.

In April 2025, Union Minister Ashwini Vaishnaw from the Ministry of Electronics and Information Technology (MeitY) launched the guidelines and dedicated portal for the Electronics Component Manufacturing Scheme (ECMS) — a significant initiative aimed at strengthening India’s electronics manufacturing ecosystem.


      - The scheme seeks to promote domestic production, attract large-scale investments, and integrate Indian firms into Global Value Chains (GVCs).


      - The guidelines of ECMS are designed with clarity, transparency, and simplicity to ensure a smooth and unambiguous implementation process.

      - ECMS stands out as India’s first dedicated Production-Linked Incentive (PLI) scheme focused exclusively on accelerating the manufacturing of electronic components.

Main Point :-   (i) In April 2025, the Government of India (GoI) approved the scheme with a total outlay of Rs 22,919 crore, covering a period of six years from Financial Year 2025-26 (FY26) to FY2031-32 (FY32).

      (ii) Additionally, the GoI has selected Bengaluru (Karnataka)-based startup Sarvam to develop India’s first indigenous AI Large Language Model (LLM) under the Rs 10,370 crore India AI Mission, further marking a milestone in India’s tech innovation landscape.

About Ministry of Electronics and Information Technology (MeitY)
Minister : Ashwini Vaishnaw
Headquarters: New Delhi
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India and France Ink ₹64,000-Crore Agreement for Procurement of 26 Rafale-M Fighter Jets.

On 28 April 2025, the Government of India (GoI) and the Government of France officially signed a ₹64,000-crore (approximately USD 7.4 billion) agreement for the procurement of 26 Rafale-Marine (Rafale-M) fighter jets to enhance the operational capabilities of the Indian Navy (IN).


      - The fleet will comprise 22 single-seat fighter aircraft and 4 twin-seat trainer aircraft, which will primarily operate from India’s first indigenous aircraft carrier, Indian Naval Ship (INS) Vikrant.


     

     

Main Point :-   (i) The contract was signed during a virtual ceremony attended by Rajesh Kumar Singh, Defence Secretary, Ministry of Defence (MoD), Government of India, and Thierry Matho, Defence Minister of France.

      (ii) The agreement is a Government-to-Government (G2G) deal, meaning it was directly negotiated and concluded between the two governments, without the involvement of private entities.

(iii) Deliveries of the Rafale-M fighter jets are scheduled to begin by the end of 2029 and are expected to be completed by 2031.

About France
President: Emmanuel Macron
Prime Minister: François Bayrou
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Government Brings Cybercrime Coordination Centre (I4C) Under the Purview of PMLA.

In April 2025, the Department of Revenue (DoR) under the Ministry of Finance (MoF) authorized the Indian Cyber Crime Coordination Centre (I4C), based in New Delhi (Delhi), to exchange information with the Enforcement Directorate (ED) under Section 66 of the Prevention of Money Laundering Act, 2002 (PMLA).


      - This decision is aimed at enhancing the detection of money trails and strengthening efforts to combat cyber fraud.


      - With this move, I4C is now empowered to share and receive information with the ED and other law enforcement agencies, enabling improved tracking and identification of cybercrime masterminds.

      - Established in 2018 under the Ministry of Home Affairs (MHA), the Indian Cyber Crime Coordination Centre (I4C) serves as the central agency for coordinating efforts to combat cybercrime across India.

Main Point :-   (i) Amid the rising cases of cyber fraud affecting the general public, this initiative will aid in identifying perpetrators behind trans-national cybercrimes.

      (ii) These cyber frauds are often executed through fake websites, misleading social media pages, and paid advertisements on search engines. Fraudsters trick victims by sending OTPs (One-Time Passwords) or malicious links via phone or email. Once the unsuspecting user clicks the link or shares the OTP, their devices become compromised.

(iii) The government has urged citizens to report cyber fraud through the National Cybercrime Reporting Portal (NCRP) at cybercrime.gov.in or by calling the cyber helpline 1930.

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‘Revive Our Ocean’ Global Initiative Launched to Empower Coastal Communities in Marine Protection.

In April 2025, a new global initiative titled ‘Revive Our Ocean’, a first-of-its-kind programme, was launched to empower coastal communities in establishing and managing Marine Protected Areas (MPAs) through localized efforts.


      - This initiative is being spearheaded by the United States of America (USA)-based Non-Governmental Organization (NGO) Dynamic Planet, in collaboration with the National Geographic Society (NGS)’s Pristine Seas programme.


      - The initiative is supported by renowned British naturalist David Attenborough and is structured around three core pillars: Inspire, Enable, and Equip.

     

Main Point :-   (i) The primary objective of this initiative is to assist coastal communities in creating and managing MPAs by eliminating barriers that hinder their conservation efforts.

      (ii) Revive Our Ocean has also formed the Revive Our Ocean Collective, uniting local leaders and successful community organizations to promote collaborative marine protection.

(iii) Initially, the programme will focus on seven countries: United Kingdom (UK), Portugal, Greece, Turkey, Philippines, Indonesia, Mexico.

About National Geographic Society (NGS)
CEO : Dr. Jill Tiefenthaler
Headquarters: Washington, United States of America (USA)
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Uganda Announces End of Ebola Sudan Virus Outbreak.

In April 2025, the Ministry of Health (MoH) of Uganda officially declared the end of the Ebola Sudan Virus Disease (SVD) outbreak, less than 3 months after it was confirmed in the capital, Kampala.


      - The outbreak was officially declared over after the discharge of the last confirmed patient on 14 March 2025, followed by a 42-day countdown, in accordance with the World Health Organization (WHO) guidelines.


      - This marked Uganda’s 2nd Ebola outbreak in less than 3 years, which was confirmed on 30 January 2025.

      - The Ebola strain involved in this outbreak was the SVD subtype, which, in past outbreaks, has had a fatality rate of 4 in 10 people infected.

Main Point :-   (i) SVD is a severe disease caused by the Sudan virus (SUDV), which belongs to the same family as the Ebola Virus (EBOV). SUDV was first identified in southern Sudan in June 1976.

      (ii) Prior to this outbreak, there had been 8 previous outbreaks caused by SUDV, with 5 occurring in Uganda and 3 in Sudan. Uganda last reported an SVD outbreak in 2022.

About Uganda
Capital: Kampala
President: Yoweri Museveni
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Axis Max Life Introduces AI-Powered 'Bandhan 2.0' for New Hire Onboarding.

In April 2025, Gurugram (Haryana)-based Axis Max Life Insurance Limited (formerly Max Life Insurance Company Limited), the largest non-bank private-sector life insurer in India, launched Bandhan 2.0, an Artificial Intelligence (AI)-enabled Augmented Reality (AR) platform.


      - This platform is designed to transform the onboarding process for new hires by incorporating immersive storytelling, interactive gamification, and real-time leadership engagement.


      - Bandhan 2.0 is available in English and Hindi on both mobile and desktop devices, enabling employees to onboard at their own pace.

      - The platform offers virtual interactions with leadership and gamified modules covering company history, values, and culture.

Main Point :-   (i) Uniform onboarding is provided for thousands of employees annually, regardless of their location, and modules are accessible for 60 days post-joining for ongoing learning.

      (ii) Real-time HR dashboards track employee progress and reduce onboarding time, resulting in faster employee productivity.

(iii) Axis Max Life Insurance is a joint venture (JV) between Max Financial Services Limited (MFSL) and Axis Bank Limited.

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Bihar Creates History with Two Guinness World Records in Madhubani Art and Singing Bowl Performance.

In April 2025, Bihar made history by setting two Guinness World Records (GWR). The records included the world’s largest Madhubani painting on canvas and the largest singing bowl ensemble performed by 375 Buddhist monks in Bodh Gaya. The GWR certificates were officially presented to Chief Minister Nitish Kumar during a ceremony at Patliputra Sports Complex in Patna, Bihar.


      - The first world record was achieved with a massive Madhubani painting measuring 18.69 square meters (201.17 square feet). This monumental artwork was created at the Madhubani Painting Institution in Bihar.


      - The painting was the collaborative effort of a 50-member team of women artists, guided by Padma Shri Bauaa Devi. It was specially crafted as a tribute to another legendary Madhubani artist, Padma Shri Jagdamba Devi. The team dedicated 50 continuous hours to completing the artwork.

      - This record-setting painting is scheduled to be unveiled at the opening ceremony of the Khelo India Youth Games on May 4, 2025. This marks the first time the games are being hosted in Bihar, with events spread across cities like Patna, Rajgir, Gaya, Bhagalpur, and Begusarai.

Main Point :-   (i) Madhubani, also known as Mithila painting, is a traditional folk art that originates from the Mithila region in Bihar, particularly the town of Madhubani. The artists used natural colors made from turmeric, beetroot, carbon, and flowers to craft the record-breaking painting.

      (ii) The second Guinness World Record was set in Bodh Gaya, where 375 Buddhist monks—aged between five and seventy—came together to perform a singing bowl ensemble. This gathering marked the largest-ever such performance linked to traditional Buddhist rituals and meditation.

(iii) This unique event was organised by the Bihar State Sports Authority (BSSA). Singing bowl performances are deeply connected with Buddhist culture, known for their calming effects and spiritual significance during meditation and ceremonies.

About Bihar
Chief Minister (CM) : Nitish Kumar
Governor : Arif Mohammed Khan
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Cooperation Ministry Collaborates with Swiggy Instamart to Promote Sale of Cooperative Products Online.

In April 2025, the Ministry of Cooperation (MoC) signed a Memorandum of Understanding (MoU) with Swiggy Instamart, a Bengaluru, Karnataka-based quick-commerce platform, to onboard dairy and other cooperative products. This collaboration aims to help cooperatives connect with a wider consumer base by leveraging digital marketplaces.


      - The MoU was signed by Amitesh Jha, CEO of Swiggy Instamart, and D.K. Verma, Joint Secretary, MoC, during a formal event attended by Dr. Ashish Kumar Bhutani, Secretary, Ministry of Cooperation. The partnership is a step forward in modernizing and empowering India’s cooperative sector.


      - Under the agreement, products from Bharat Organics and other cooperative dairy units will be listed on Swiggy’s e-commerce and quick-commerce platforms.

      - Swiggy will create a dedicated "Cooperative" category on its app, featuring a range of products including organic items, dairy, millets, handicrafts, and more—sourced from cooperative societies across India.

Main Point :-   (i) The collaboration will support cooperative brands in the areas of marketing, promotion, consumer technology, and capacity building.

      (ii) The MoU aligns with the United Nations’ declaration of 2025 as the ‘International Year of Cooperation’, further highlighting the global focus on strengthening cooperative systems.

(iii) On 24 April 2025, Dr. Ashish Kumar Bhutani also inaugurated a state-of-the-art packaging facility of the National Cooperative Organics Limited (NCOL) in Noida, Uttar Pradesh, which will specialize in hygienic packaging of pulses and various organic food products.

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SIPRI Report 2024 Reveals Global Military Spending Exceeds USD 2.7 Trillion with India Investing USD 86.1 Billion.

Amid major global conflicts, including the Russia-Ukraine war and the Israel-Palestine conflict, world military expenditure reached USD 2718 billion in 2024, reflecting a 9.4% increase in real terms from 2023, as per a report by Stockholm International Peace Research Institute (SIPRI), based in Stockholm, Sweden.


      - Military spending rose across all regions, with particularly rapid growth in Europe and the Middle East.


      - The United States of America (USA) remained the world’s top spender with USD 997 billion, followed by China with USD 314 billion in second place and Russia with USD 149 billion in third.

      - India retained its position as the 5th-largest military spender, investing USD 86.1 billion, marking a 1.6% increase from the previous year.

Main Point :-   (i) The top five military spenders – USA, China, Russia, Germany, and India – accounted for 60% of global military expenditure, with a combined total of USD 1635 billion.

      (ii) Over 100 countries increased their military spending in 2024, with the share of global GDP devoted to military expenditure rising to 2.5%.

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Fali S. Nariman Unveils His New Book 'Beyond the Courtroom.

In April 2025, "Beyond the Courtroom: Reflections on Law, Constitution, and Nationhood," authored by the late Fali Sam Nariman, was released. The book presents a curated collection of Fali S. Nariman’s most impactful speeches, groundbreaking articles, and enlightening lectures, showcasing the wide-ranging depth of his legal and constitutional expertise.


      - The book is published by New Delhi (Delhi)-based Hay House Publishers India Private Limited.


      - Divided into five sections — Nation, Judiciary, Constitution, Law, and Arbitration — the book also offers advice for young lawyers and addresses critical ethical questions.

      - Fali Sam Nariman, born on 10 January 1929, was an eminent Indian jurist and senior advocate at the Supreme Court of India. He served as a nominated member of the Upper House of India's Parliament from 1999 to 2005.

Main Point :-   (i) Fali Sam Nariman was appointed as the Chairman of the Executive Committee of the International Commission of Jurists (ICJ), Geneva, Switzerland, from 1995 to 1997.

      (ii) He also served as a member of the ICC International Court of Arbitration, Paris, and later became its Vice-President from 1998 to 2005. Additionally, he was elected President of the International Council for Commercial Arbitration (ICCA) from 1994 to 2002.

(iii) Fali S. Nariman was honored with the Padma Bhushan in 1991 for distinguished service in jurisprudence and the Padma Vibhushan in 2007 for exceptional contributions to public affairs.

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RBI Fines Indian Bank, IOB, and Mahindra & Mahindra Financial Services.

In April 2025, the Reserve Bank of India (RBI) imposed penalties on three financial institutions: Indian Bank (Chennai, Tamil Nadu), Indian Overseas Bank (IOB) (Chennai), and Mahindra & Mahindra Financial Services Ltd (MMFSL) (Mumbai, Maharashtra) for various regulatory non-compliances.


      - Indian Bank was fined Rs. 55 lakh for non-compliance with RBI directions on 'Interest Rate on Advances', 'Kissan Credit Card (KCC) Scheme', and 'Lending to Micro, Small, and Medium Enterprises (MSME) Sector. The penalty was imposed for violating provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act (BR Act), 1949.


      - Indian Overseas Bank (IOB) faced a penalty of Rs. 2.2 crore for non-compliance with RBI directions related to 'Credit Flow to Agriculture - Collateral Free Agricultural Loans' and 'Lending to Micro, Small, and Medium Enterprises (MSME) Sector.

      - This penalty was imposed under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.

Main Point :-   (i) Mahindra & Mahindra Financial Services Ltd (MMFSL) was fined Rs. 6.77 crore for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systematically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016' and Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016.

      (ii) The penalty was imposed under Clause (b) of Sub-section (1) of Section 58G read with Clause (aa) of Sub-section (5) of Section 588 of the Reserve Bank of India Act, 1934.

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Madhya Pradesh Receives Approval for Rs 2,100 Crore PM MITRA Textile Park Project, India’s First.

In April 2025, Madhya Pradesh (MP) officially received approval from the Ministry of Textiles (MoT) for the Rs 2,100 crore Prime Minister Mega Integrated Textile Region and Apparel (PM-MITRA) Park Project. This project will be India’s first-of-its-kind state-of-the-art integrated textile park.


      - The newly approved project aims to enhance the industrial landscape of Madhya Pradesh while strengthening India’s textile sector on a global scale. The approval reflects the growing interest in the state’s industrial potential, with investment proposals worth Rs 10,000 crore already received.


      - The PM MITRA Park will be located in Bhainsola village, Badnawar tehsil, in Dhar district, Madhya Pradesh. It will span over 21,000 acres, positioned approximately 110 kilometers from Indore, 85 kilometers from the Pithampur industrial cluster, and 50 kilometers from the Delhi-Mumbai Expressway via Ratlam.

      - The park will feature various modern facilities including a 20 Mega Liters per Day (MLD) Zero Liquid Discharge (ZLD) plant, a solar-powered energy facility, and plug-and-play Built-To-Suit (BTS) units. These facilities will help establish the park as a sustainable and energy-efficient textile hub.

Main Point :-   (i) In addition to industrial facilities, residential complexes will be built for the workers, ensuring that the workforce has comprehensive infrastructure within the project’s vicinity. The construction is expected to be completed within 14 months.

      (ii) The PM MITRA Park Project is a Centrally Sponsored Scheme (CSS), which was announced by Union Minister Nirmala Sitharaman in the Union Budget for Financial Year 2021-22. The Government of India (GoI) has allocated Rs 4,445 crore for the implementation of the scheme over seven years (FY22-FY28).

(iii) As part of the PM MITRA initiative, the Government of India has announced the establishment of seven sites across the country for setting up textile parks. These locations include Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalaburagi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow), and Maharashtra (Amravati).

About Madhya Pradesh (MP)
Chief Minister (CM) : Mohan Yadav
Governor : Mangubhai C. Patel
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"RCS-UDAN Scheme Launched to Boost Regional Connectivity and Bridge Gap Between Metros and Small Cities".

The Regional Connectivity Scheme - Ude Desh Ka Aam Nagrik (RCS-UDAN), a flagship initiative of the Government of India (GoI), was launched on October 21, 2016, to democratize aviation by making flying accessible and affordable for all citizens. The scheme is implemented by the Ministry of Civil Aviation (MoCA). The first RCS-UDAN flight was inaugurated by Prime Minister Narendra Modi on April 27, 2017, connecting Shimla (Himachal Pradesh) to New Delhi (Delhi).


      - The RCS-UDAN is an essential component of India's National Civil Aviation Policy (NCAP) 2016. It has a 10-year vision to connect Tier-2 and Tier-3 cities across India through a market-driven model that is financially supported by the government. This vision aims to bridge the gap between metros and smaller cities, thus boosting regional air connectivity.


      - The primary goal of the scheme is to enhance infrastructure and strengthen air connectivity in India, especially focusing on remote and underserved regions. It also emphasizes improving airport facilities, constructing new airports, and revitalizing non-operational airports to stimulate regional development.

      - RCS-UDAN operates on a market-driven approach where airlines assess passenger demand on specific regional routes and submit proposals during the bidding rounds. Selected airlines receive financial support, such as Viability Gap Funding (VGF), making air travel affordable while ensuring the economic viability of the operations.

Main Point :-   (i) The UDAN scheme has successfully operationalized 625 routes, connecting 90 airports, including 15 heliports and 2 water aerodromes, enhancing regional air connectivity across India.

      (ii) Over 1.49 crore passengers have benefited from affordable regional air travel, with 3 lakh UDAN flights operated, improving accessibility and convenience for citizens.

(iii) The scheme has contributed to the growth of regional airlines like Flybig, Star Air, and IndiaOne, facilitating air connectivity to key destinations and boosting trade, healthcare, and tourism across India.

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11th BRICS Labour and Employment Ministers’ Meeting held in Brazil.

In April 2025, the 11th BRICS (Brazil, Russia, India, China, South Africa) Labour and Employment Ministers' Meeting was held under the slogan "Strengthening the Cooperation of the Global South for More Inclusive and Sustainable Governance" under Brazil's presidency in Brasília, Brazil.


      - The Indian delegation at the meeting was led by Union Minister of State (MoS) Sushri Shobha Karandlaje, Ministry of Labour & Employment (MoL&E).


     

     

Main Point :-   (i) During the BRICS Labour and Employment Ministers' Meeting 2025, Union MoS Sushri Karandlaje highlighted India's human-centric approach to technological transformation, aligning with Prime Minister (PM) Narendra Modi's vision of "Technology for Empowerment, Not Exclusion".

      (ii) During the meeting, a progressive declaration was adopted, focusing on two vital themes: the transformative impact of Artificial Intelligence (AI) on the future of work, and the need for a just, inclusive transition in response to climate change challenges.

About Brazil
President : Luiz Inácio Lula da Silva
Capital : Brasília
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DRDO-DRDL Successfully Completes 1,000-Second Scramjet Engine Test for Advancing Hypersonic Missile Technology.

In April 2025, the Hyderabad, Telangana-based Defence Research & Development Laboratory (DRDL), a unit of the Defence Research and Development Organisation (DRDO), successfully conducted a 1,000-second ground test of an Active Cooled Scramjet Subscale Combustor at its newly established Scramjet Connect Test Facility (SCPT) in Hyderabad.


      - This achievement represents a major milestone in India's Hypersonic Cruise Missile Development Programme, following an earlier 120-second successful test conducted in January 2025.


      - The success of this test paves the way for full-scale, flight-worthy combustor testing, an essential step toward the operational deployment of hypersonic missiles.

     

Main Point :-   (i) A Hypersonic Cruise Missile (HCM) is capable of sustained flight at speeds exceeding Mach 5 (>6,100 kilometers per hour), powered by air-breathing scramjet engines that utilize supersonic combustion for extended performance.

      (ii) A Scramjet (Supersonic Combustion Ramjet) is an air-breathing propulsion system without any moving parts, designed to sustain combustion at supersonic speeds.

(iii) It employs a unique flame stabilization technique that allows combustion even when air enters the engine at speeds greater than 1.5 kilometers per second (km/s).

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ISRO and SCTIMST Forge MoU to Accelerate Advances in Space Medicine.

In April 2025, the Bengaluru (Karnataka)-based Indian Space Research Organisation (ISRO), Department of Space (DoS), and the Thiruvananthapuram (Kerala)-based Sree Chitra Tirunal Institute for Medical Sciences & Technology (SCTIMST), Department of Science & Technology (DST), Ministry of Science & Technology (MoS&T), signed the 'Framework Memorandum of Understanding (MoU) on Cooperation in Space Medicine'.


      - The MoU was signed by Dr. Sanjay Behari, Director of SCTIMST, and M. Ganesh Pillai, Scientific Secretary at ISRO, in the presence of Dr. V Narayanan, Chairman of ISRO, in Thiruvananthapuram.


     

     

Main Point :-   (i) This strategic partnership marks a significant milestone in the advancement of space medicine. The collaboration will support India’s human space flight missions, particularly the Gaganyaan program, and enhance healthcare both in space and on Earth.

      (ii) The MoU aims to accelerate innovations in areas such as human physiological research, behavioral health studies, biomedical support systems, radiation biology, and medicine, among others.

(iii) The collaboration will also promote research opportunities in space medicine and lead to the development of new technologies that could benefit national priorities.

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World Veterinary Day 2025 Observed on April 26 to Honor Animal Healthcare Heroes.

World Veterinary Day (WVD) is observed annually on the last Saturday of April worldwide to recognize the contributions of veterinarians in ensuring animal health, welfare, and public safety.


      - The annual observance is led by the World Veterinary Association (WVA), a global federation of veterinary associations dedicated to advancing veterinary science.


      - In 2026, World Veterinary Day will be observed on 25th April 2026.

     

Main Point :-   (i) In 2025, World Veterinary Day was observed on 26th April 2025.

      (ii) WVA announced the theme for World Veterinary Day 2025 as "Animal Health Takes a Team."

(iii) In 2000, WVA initiated World Veterinary Day as an annual celebration.

About World Veterinary Association (WVA)
President : John de Jong
Headquarters : Brussels, Belgium
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International Chernobyl Disaster Remembrance Day 2025 Observed on April 26 to Honour the Victims and Raise Awareness.

The United Nations (UN)'s International Chernobyl Disaster Remembrance Day is annually observed across the globe on 26th April to commemorate the anniversary of the 1986 Chernobyl nuclear disaster.


      - The day is observed to honour the victims and survivors of the Chernobyl disaster and to raise awareness about its long-lasting impacts.


      - 26th April 2025 marks the 39th anniversary of the Chernobyl nuclear disaster.

     

Main Point :-   (i) On 8th December 2016, the United Nations General Assembly (UNGA) adopted the resolution A/RES/71/125 and proclaimed 26th April of every year as International Chernobyl Disaster Remembrance Day.

      (ii) The first-ever International Chernobyl Disaster Remembrance Day was observed on 26th April 2017.

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India Unveils First Indigenous HPV Test Kits for Cervical Cancer Detection.

In April 2025, Union Minister of State (Independent Charge) Jitendra Singh, Minister of State for Science and Technology (MoS&T), launched India's first Made-in-India Human Papilloma Virus (HPV) test kits for cervical cancer screening.


      - The two kits are Truenat HPV-HR Plus by Goa-based Molbio Diagnostics and Patho Detect by Pune (Maharashtra)-based Mylab Discovery Solutions. The kits were developed under the Department of Biotechnology (DBT), Ministry of Science and Technology's (MoS&T) Grand Challenges India (GCI) initiative, coordinated by the Biotechnology Industry Research Assistance Council (BIRAC).


      - The newly launched HPV test kits are designed for cervical cancer screening, which is the second most common cancer among Indian women. These kits target 7-8 high-risk HPV strains responsible for most cervical cancer cases, making them highly effective in early detection. The kits utilize Reverse Transcription-Polymerase Chain Reaction (RT-PCR) technology, leveraging India's expanded post-COVID diagnostic infrastructure for more reliable results.

      - The kits offer rapid, cost-effective, and point-of-care testing, overcoming challenges posed by traditional methods such as Pap smears and Visual Inspection with Acetic Acid (VIA). These traditional methods are often inaccessible and time-consuming, but the new kits provide a faster and more affordable alternative, making cervical cancer screening more accessible, especially in rural areas.

Main Point :-   (i) These kits were validated through the "Validation of Indigenous Human Papillomavirus Tests for Cervical Cancer Screening in India" (I-HPV) study, conducted by renowned institutions including All India Institute of Medical Sciences (AIIMS), National Institute of Cancer Prevention and Research (NICPR), and National Institute for Research in Reproductive and Child Health (NIRRCH). Additionally, international collaboration with the World Health Organization (WHO) and the International Agency for Research on Cancer (IARC) ensured that the kits met global standards.

      (ii) According to the WHO, India is home to a significant portion of the global burden of cervical cancer, with 1 out of every 5 women suffering from cervical cancer being Indian. Furthermore, 25% of global cervical cancer deaths occur in India, highlighting the urgent need for more effective screening methods.

(iii) The WHO recommends that countries adopt HPV testing to screen 70% of eligible women by 2030, with only two lifetime tests required at the ages of 35 and 45 years. This initiative aims to reduce cervical cancer rates globally, with India playing a pivotal role in achieving this goal.

About Biotechnology Industry Research Assistance Council (BIRAC)
Chairman Dr. Rajesh S. Gokhale
Headquarters: New Delhi
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"CSIR-IMMT Signs Pact with Russia to Enhance Critical Mineral Technologies".

In April 2025, Bhubaneswar (Odisha)-based Council of Scientific and Industrial Research Institute of Minerals and Materials Technology (CSIR-IMMT), under the Ministry of Science and Technology (MoS&T), signed two Joint Declarations of Intent (JDIs) with leading Russian institutions:


      - State Research and Design Institute of the Rare Metal Industry (JSC Giredmet), a premier research and design institute under the Russian State Atomic Energy Corporation, Rosatom, Moscow (Russia).


      - National University of Science and Technology MISIS, Moscow (NUST MISIS).

      - The aim of the collaboration is to strengthen cooperation in critical mineral processing and sustainable resource development.

Main Point :-   (i) Two separate JDIs were signed by Dr. Ramanuj Narayan (Director, CSIR-IMMT), one with Dr. Andrei I. Golinei (Director, Chemical Technology Unit, JSC Rosatom Science) and another with Dr. Michael R. Filonov (Vice Rector, NUST MISIS), in the presence of Anoop Kumar Srivastava, Counsellor (Space) from the Embassy of India in Moscow.

      (ii) The collaborations are coordinated by Dr. Kali Sanjay, Chief Scientist and Head of Business Development from CSIR-IMMT, and Dr. Konstantin V Ivanovskikh, Deputy Director for Science and Innovation, Griedmet JSC, and Dr. Korotchenko Natalia, Director, MISIS Information and Marketing Centre, NUST MISIS.

(iii) The collaboration focuses on research and development in process metallurgy, especially on technologies for extracting and processing critical minerals.

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World Bank Report: India’s Extreme Poverty Falls to 2.3% and Employment Growth Surpasses Working-Age Population.

In April 2025, Washington DC (USA)-based World Bank (WB) released its latest report titled 'India Poverty and Equity Brief: April 2025'. As per the report, India's extreme poverty (defined as living on less than USD 2.15 per day) has dropped significantly from 16.2% in 2011-12 to just 2.3% in 2022-23.


      - The report further revealed that 17.1 crore people have been lifted out of extreme poverty, and 37.8 crore have moved above the broader poverty line during this period.


     

     

Main Point :-   (i) The report highlighted that India has made significant strides in poverty reduction, with employment growth outpacing the working-age population since 2021-22.

      (ii) The report also indicated that the decline in India's extreme poverty rate was highest in rural areas, where it dropped from 18.4% to 2.8%. Urban extreme poverty decreased from 10.7% to 1.1%, narrowing the rural-urban poverty gap from 7.7% to just 1.7%, reflecting a 16% Year-on-Year (Y-o-Y) decrease.

(iii) According to the World Bank's findings, India's employment rates, especially among women, are increasing. Urban unemployment dropped to 6.6% in the 1st Quarter (Q1) of Financial Year 2024-25 (FY25), the lowest since 2017-18.

About World Bank
CFO : Anshula Kant
Headquarters: Washington, D.C., United States
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RBI Revokes Imperial Urban Co-op Bank's License Due to Insufficient Liquidity.

In April 2025, the Reserve Bank of India (RBI) cancelled the license of the Jalandhar (Punjab)-based Imperial Urban Co-operative Bank due to the bank’s lack of adequate capital and earning prospects.


      - With immediate effect, the bank has been prohibited from conducting any banking business, which includes the acceptance and repayment of deposits, as defined under Section 5(b) read with Section 56 of the Banking Regulation Act, 1949.


     

     

Main Point :-   (i) The Registrar of Cooperative Societies, Government of Punjab, has been requested to issue an order for the winding up of the bank and appoint a liquidator for the bank.

      (ii) On liquidation, each depositor is entitled to receive a deposit insurance claim up to Rs. 5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961.

(iii) According to the data submitted by the bank to the RBI, 97.79% of depositors are entitled to receive the full amount of their deposits from DICGC. As of January 31, 2025, DICGC has already paid Rs. 541 crore of the total insured deposits.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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"Humanitarian Madhusudhan Sai Receives Fiji's Highest Honour.

On 25th April 2025, Sri Madhusudhan Sai, an Indian spiritual and humanitarian leader, was awarded the 'Companion of the Order of Fiji', the highest civilian honor of Fiji, by Ratu Naiqama Lalabalavu, the President of Fiji, at the State House of Fiji in Suva, Fiji.


      - Previous recipients of the 'Companion of the Order of Fiji' include Prime Minister (PM) Narendra Modi in 2023 and President of India Draupadi Murmu in 2024.


     

     

Main Point :-   (i) Sri Madhusudhan Sai was honored for his significant contributions to healthcare and social welfare in Fiji, particularly through his Sri Satya Sai Sanjeevani Children's Hospital, the first state-of-the-art, fully free children’s hospital in the South Pacific region, providing treatment to children from all backgrounds.

      (ii) He is the founder of 'One World One Family', a global humanitarian mission that operates in over 80 countries, working to improve access to healthcare, nutrition, and education.

(iii) The Companion of the Order of Fiji (CF) is the highest civilian honor awarded by the Republic of Fiji, established on 1st March 1995 under the Fiji Honours and Awards Act. This prestigious award recognizes individuals, both Fijian nationals and non-citizens, for their eminent achievements and merit of the highest degree in service to Fiji or to humanity at large.

About Fiji
President: Ratu Naiqama Lalabalavu
Capital: Suva
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ISRO Assumes Lead Role in 'International Charter on Space and Major Disasters.

India, through its national space agency — the Bengaluru, Karnataka-based Indian Space Research Organisation (ISRO) — has assumed the lead role of the "International Charter: Space and Major Disasters" for a period of six months starting from April 2025. This leadership role officially began during the 53rd Charter meeting, hosted by ISRO’s National Remote Sensing Centre (NRSC) from April 14 to 17, 2025, in Hyderabad, Telangana.


      - The 53rd Charter meeting witnessed participation from major global space agencies involved in space-based disaster management activities, with 22 foreign delegates attending in person. This gathering highlighted ISRO’s growing stature in the global space and disaster management community.


      - India is a signatory to the International Charter, which marks its 25th anniversary in 2025. The Charter serves as a critical global framework for providing Earth Observation Satellite (EOS) data and collaborating with experts to support disaster relief efforts, helping save lives, property, and infrastructure during major disasters worldwide.

      - The International Charter operates as a collaborative initiative involving 17 member organizations. These members voluntarily supply Earth observation data and value-added products to assist in managing disasters across the globe. The Charter’s services extend to more than 120 countries, ensuring even nations with limited space capabilities can access vital satellite-based information.

Main Point :-   (i) Assuming the lead role places India at the strategic core of coordinating global disaster response efforts through space-based assets. ISRO’s responsibilities include managing activation requests, ensuring the rapid delivery of satellite products, leading strategic planning activities, supervising the delivery of satellite imagery from partner agencies, and promoting training, outreach, and capacity-building efforts.

      (ii) Since 2021, ISRO has actively contributed to the Charter by responding to 153 activation requests and delivering nearly 700 Earth observation products. These contributions include flood extent maps, landslide assessments, infrastructure damage evaluations, and aiding in post-disaster recovery planning efforts across various affected regions.

(iii) Not only has India contributed significantly to Charter operations, but it has also benefited from Charter activations during times of natural calamities within the country. This two-way engagement reinforces India’s role as both a benefactor and a beneficiary within the global disaster management community.

About Indian Space Research Organisation (ISRO)
Chairman : Dr. V. Narayanan
Headquarters : Bengaluru, Karnataka
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Anant Ambani Appointed Executive Director as Reliance Industries and Becomes First Indian Company to Cross ₹10 Lakh Crore Equity Value.

On 26th April 2025, the Board of Directors of Mumbai, Maharashtra-based Reliance Industries Limited (RIL) appointed Anant M. Ambani as an Executive Director (ED) for a five-year term, effective from 1st May 2025, subject to shareholders’ approval.


      - Currently, Anant M. Ambani serves as a Non-Executive Director at RIL and has been actively involved in the group’s energy and sustainability initiatives, where RIL aims to achieve net-zero carbon emissions by 2035.


      - He plays a key role in leading RIL’s energy ventures, with a strong focus on driving green and Renewable Energy (RE) initiatives.

      - Anant Ambani becomes the first among the Ambani siblings to assume an Executive Director (ED) role at Reliance Industries Limited (RIL); he has also been serving as a Board Member of Jio Platforms Limited (since March 2020), Reliance Retail Ventures Limited (since May 2022), and both Reliance New Energy Limited and Reliance New Solar Energy Limited (since June 2021).

Main Point :-   (i) Reliance Industries Limited (RIL) has achieved a major milestone by becoming the first Indian company to surpass ₹10 lakh crore in total equity. This landmark follows RIL’s earlier achievement in 2024, when it became the first Indian firm to cross ₹20 lakh crore in market capitalization. The company’s consistent growth reflects its strong market leadership and strategic expansions.

      (ii) The surge in RIL’s equity value has been driven by robust performances in its consumer businesses and its oil-to-chemicals (O2C) segment. Demonstrating its financial strength, RIL reported a 2.9% year-on-year (YoY) increase in its annual consolidated Profit After Tax (PAT) and share of profit/(loss) from associates and joint ventures, reaching ₹81,309 crore (approximately USD 9.5 billion).

(iii) Additionally, RIL announced a significant capital expenditure of ₹131,107 crore (around USD 15.3 billion) for the fiscal year ending March 31, 2025. This investment highlights RIL’s commitment to future growth, focusing on strengthening its businesses across energy, digital services, and retail sectors.

About Reliance Industries Limited
Chairman & Managing Director (CMD) : Mukesh Ambani
Headquarters : Mumbai, Maharashtra
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Indian Grandmaster Koneru Humpy Triumphs at FIDE Women’s Grand Prix 2024-25 Held in Pune.

In April 2025, the fifth leg of the International Chess Federation (FIDE) Women's Grand Prix (WGP) 2024-25 was held in Pune, Maharashtra, India, from April 13 to 24, 2025. Indian chess Grandmaster (GM) Koneru Humpy clinched the title recently on tiebreaks after tying with Chinese GM Zhu Jiner, with both scoring 7/9 points.


      - This victory marks Humpy’s 8th Grand Prix (GP) title, setting a new record and surpassing the previous joint record she shared with China's Hou Yifan.


      - Despite both Humpy and Zhu Jiner finishing with 7.0 points each, Humpy emerged victorious owing to her superior tie-break scores.

      - In the final round, Humpy defeated Bulgarian International Master (IM) Nurgyul Salimova, while Zhu Jiner secured second place by defeating Russian IM Polina Shuvalova. Indian IM Divya Deshmukh finished third with 5.5 points.

Main Point :-   (i) The 5th leg of the FIDE Women's Grand Prix (WGP) 2024-25 was played in a 10-player round-robin format featuring participants from various countries. Both Koneru Humpy and Zhu Jiner earned 117.5 WGP points each for their shared first-place finish.

      (ii) After five legs of the series, the cumulative Grand Prix standings are: Aleksandra Goryachkina (Russia) with 308.34 points from 3 events, Koneru Humpy (India) with 279.17 points from 3 events, and Zhu Jiner (China) with 235 points from 2 events.

(iii) The FIDE Women's Grand Prix 2024-25 consists of six tournaments organized by FIDE, with each tournament featuring ten players, and each player participating in three of the six events. The series serves as a qualification pathway for the FIDE Women's Candidates Tournament 2026, which will determine the challenger for the Women's World Chess Championship. The final leg of the WGP series is scheduled to be held in Großlobming, Austria, from May 5 to 16, 2025.

About International Chess Federation (FIDE)
President : Arkady Dvorkovich
Headquarters : Lausanne, Switzerland
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Hubballi Airport Earns Platinum Status in ACI GAR 2025, Among Three Indian Airports Honored.

In April 2025, Hong Kong (China)-based Airports Council International Asia-Pacific & Middle East (ACI APAC & MID) announced the winners of the ninth Green Airports Recognition (GAR) 2025 during its Regional Assembly held in New Delhi (Delhi).


      - In the Green Category, three Indian airports operated by the Airports Authority of India (AAI) were recognized under GAR 2025 — Hubballi Airport (HBX) (Hubballi, Karnataka), Kempegowda International Airport or Bengaluru International Airport Limited (KIA/BLR) (Bengaluru, Karnataka), and Cochin International Airport Limited (CIAL) (Kochi, Kerala).


      - In the ACI Safety category, Kempegowda International Airport received the Gold Award, and a total of 12 airports across Asia-Pacific and the Middle East were awarded Platinum, Gold, and Silver awards under the Green Airports Recognition (GAR) 2025 initiative.

      - This edition, themed "Sustainable Energy at Airports," received a record 39 submissions, reflecting the aviation sector's strong commitment to reducing environmental impact through innovative and sustainable energy solutions.

Main Point :-   (i) Hubballi Airport was honoured for implementing an 8 megawatt (MW) solar power plant within its premises, showcasing its commitment to sustainable energy usage.

      (ii) Kempegowda International Airport received Silver recognition in the 15–38 million passengers per year category for its project titled "Sustainable Energy for a Greener Perpetuity."

(iii) Cochin International Airport Limited (CIAL) also received Silver recognition for setting up a 12 megawatt-peak (MWp) solar power plant.

About Airports Council International Asia-Pacific & Middle East (ACI APAC & MID)
Director General (DG) : Stefano Baronci
President : SGK Kishore (India)
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Sunil Bharti Mittal Becomes Part of WBG's Private Sector Investment Lab to Support Growth in Developing Economies.

On April 23, 2025, Washington, D.C., the United States of America (USA) based World Bank Group (WBG) announced the next phase of its Private Sector Investment Lab (PSIL), focusing on scaling solutions to attract private investments and generate jobs in developing nations.


      - Sunil Bharti Mittal, Chairman of New Delhi (Delhi)-based Bharti Enterprises Limited (BEL), has joined the PSIL alongside global industry leaders, including Bill Anderson, Chief Executive Officer (CEO) of Germany-based Bayer AG; Aliko Dangote, President and CEO of Nigeria-based Dangote Group; and Mark Hoplamazian, President and CEO of USA-based Hyatt Hotels Corporation.


     

     

Main Point :-   (i) Launched in June 2023, the PSIL is a collaborative initiative between the WBG and global private sector leaders.

      (ii) It is chaired by Shriti Vadera, Chair of Prudential pic based in London, the United Kingdom (UK).

About World Bank Group (WBG)
President: Ajay Banga
Headquarters: Washington, D.C., the United States of America (USA)
__________________________________________

Government Appoints IAS Officer Jitendra Srivastava as Chairman and Managing Director (CMD) of REC Ltd.

In April 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved the appointment of Indian Administrative Service (IAS) officer Jitendra Srivastava as the Chairman & Managing Director (CMD) of New Delhi (Delhi)-based REC Limited, formerly known as Rural Electrification Corporation Limited, under the Ministry of Power (MoP). He assumed charge of the post on April 22, 2025.


      - He succeeds Vivek Kumar Dewangan, IAS (Manipur cadre, 1993 batch), whose tenure concluded in March 2025. Following Dewangan's departure, Parminder Chopra, CMD of Power Finance Corporation (PFC), held the additional charge of CMD at REC Ltd.


     

     

Main Point :-   (i) Jitendra Srivastava is a 2000 batch IAS officer from the Bihar cadre. His career spans significant roles across key sectors, including finance, power, education, public health, and infrastructure.

      (ii) Prior to joining REC, he was serving as Joint Secretary in the Department of Drinking Water and Sanitation (DDWS) under the Ministry of Jal Shakti (MoJS) since January 2023.

(iii) He has earlier served as Secretary in the Home Department and the Public Health Engineering Department (PHED) in the Government of Bihar.

About REC Limited
Chairman & Managing Director (CMD): Jitendra Srivastava
Headquarters: New Delhi
__________________________________________

NABARD Acquires 10% Stake in 24×7 Moneyworks Consulting.

In April 2025, Mumbai (Maharashtra)-based National Bank for Agriculture and Rural Development (NABARD) acquired a 10% equity stake in Chennai (Tamil Nadu, TN)-based agri-fintech startup 24×7 Moneyworks Consulting Private Limited.


      - This marks NABARD's first-ever investment in a bootstrapped startup, aiming to enhance digital transformation in rural credit delivery.


      - 24×7 Moneyworks is renowned for its flagship platform, eKisanCredit (eKCC), a fully digital loan origination system tailored for Cooperative Banks, Primary Agricultural Credit Societies (PACS), and Regional Rural Banks (RRBs).

     

Main Point :-   (i) The eKCC platform integrates: Land records, Aadhaar and eKYC (Electronic Know Your Customer), Core banking systems, and ePACS (Digital PACS).

      (ii) This enables end-to-end automation of loan disbursals, reducing processing time and enhancing transparency.

(iii) As of March 2025, India has 7.71 crore operational KCC holders, including 1.24 lakh for fisheries and 44.4 lakh for animal husbandry.

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INS Surat Successfully Conducts MR-SAM Test in Arabian Sea.

On April 24, 2025, the Indian Naval Ship (INS) Surat, a P15B Guided Missile Destroyer, successfully test-fired the Medium-Range Surface-to-Air Missile (MR-SAM) system, also known as Barak 8, in the Arabian Sea. This test demonstrates India’s preparedness to address emerging maritime security challenges.


      - The MR-SAM system, developed jointly by the Defence Research and Development Organisation (DRDO) of New Delhi and Israel Aerospace Industries (IAI), has a range of up to 70 kilometers and is designed to counter sea-skimming threats.


      - It is an extension of the Long-Range Surface-to-Air Missile (LR-SAM) system and can be launched from both ship-based vertical launch systems (VLS) and land-based mobile launchers.

      - The missile is 4.5 meters long, weighs approximately 275 kilograms (including a 60 kg warhead), and has a diameter of 22.5 cm at the missile body, expanding to 54 cm at the booster stage. First tested in 2016, MR-SAM has undergone several successful trials, proving its effectiveness against high-speed aerial targets.

Main Point :-   (i) INS Surat is the fourth and final ship of the Project 158 Visakhapatnam-class stealth guided missile destroyers of the Indian Navy (IN), ranking among the world’s largest and most advanced destroyers.

      (ii) The ship is equipped with state-of-the-art weapon-sensor systems and network-centric warfare capabilities, with 75% of its components being indigenously manufactured, in line with India’s Atmanirbhar Bharat (Self-Reliant India) initiative.

(iii) The ship measures 164 meters in length, has a displacement of approximately 7,400 tons, and can achieve speeds exceeding 30 knots (around 56 km/h).

About Indian Navy(IN)
Chief of Naval Staff (CNS) : Admiral Dinesh K Tripathi
Headquarter : Mumbai
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China Launches Shenzhou-20 Crewed Mission to Tiangong Space Station.

On April 24, 2025, China successfully launched the Shenzhou-20 crewed mission to the Heavenly Palace, also known as the Tiangong Space Station, aboard the Long March-2F carrier rocket. Launched from the Jiuquan Satellite Launch Base in northwest China, the mission carried three astronauts who will spend six months aboard the station.


      - This marks China's ninth crewed mission to Tiangong and aligns with its goal to establish a permanent lunar base by 2030.


      - The primary objective of the Shenzhou-20 crewed mission is to conduct experiments in various scientific fields, including physics, life sciences, and regenerative biology, using planarians (aquatic flatworms). Additionally, the crew will install space debris protection systems on the Tiangong Space Station, perform spacewalks, conduct equipment maintenance, and replenish supplies for the station.

      - The crew of Shenzhou-20 will also replace the Shenzhou-19 team, who are scheduled to return to Earth on April 29, 2025. This mission is an important step in advancing China’s space capabilities and furthering the scientific research aboard the Tiangong Space Station.

Main Point :-   (i) The crew members of the Shenzhou-20 mission include Commander Chen Dong, a veteran astronaut and former fighter pilot, who holds the record for the longest cumulative stay (200+ days) in space by a Chinese national. This marks his third spaceflight. Joining him is Chen Zhongrui, a 40-year-old former Air Force pilot who is embarking on his first space mission. The team is also joined by Wang Jie, a 35-year-old former space technology engineer, making his debut as an astronaut.

      (ii) The Tiangong Space Station, where the crew will be stationed, is a permanently crewed orbital facility constructed and operated by the China Manned Space Agency (CMSA). The station became fully operational in October 2022 and is designed with a T-shape structure consisting of three core modules: Tianhe (Harmony of Heavens), Wentian (Quest for Heavens), and Mengtian (Dreaming of Heavens).

(iii) With a total mass of around 100 metric tons, Tiangong orbits the Earth at an altitude ranging from 340 to 450 kilometers in Low Earth Orbit (LEO). It serves as a key milestone in China’s space exploration efforts, providing a platform for long-term research and development in space science and technology.

About China
President : Xi Jinping
Capital : Beijing
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ICAR-NBFGR's PAGR Centre Discovers Two New Freshwater Fish Species in Western Ghats.

In April 2025, the Centre for Peninsular Aquatic Genetic Resources (PAGR), located in Kochi (Kerala), a regional unit of the Lucknow (Uttar Pradesh)-based ICAR-National Bureau of Fish Genetic Resources (ICAR-NBFGR), identified two new freshwater fish species: 'Labeo uru' and 'Labeo chekida' from the rivers of the Western Ghats.


      - The findings, published in the Indian Journal of Fisheries, emphasize the urgent need for conservation efforts against threats like dams and habitat destruction.


      - The research team, led by V.S. Basheer, resolved a 150-year-old taxonomic confusion surrounding Labeo nigrescens (Rohu), first described in 1870, through detailed morphological analysis of historical specimens and fresh samples from rivers in Kerala and Karnataka.

     

Main Point :-   (i) Labeo uru was discovered in the Chandragiri River (Karnataka). The species was named after a traditional wooden dhow ('uru'), due to its sail-like elongated dorsal fin.

      (ii) Labeo chekida, a small, dark-bodied fish, was identified in the Chalakudy River (Kerala) and is locally known as "kaka chekida".

(iii) Both species are endemic to their respective river systems, highlighting the unique aquatic biodiversity of the region.

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EMF Unveils India’s First BSE Internet Economy Index Fund.

On April 24, 2025, Edelweiss Mutual Fund (EMF), also known as Edelweiss Asset Management Limited (EAML), a subsidiary of Mumbai (Maharashtra)-based Edelweiss Financial Services Limited (EFSL), announced the launch of the 'Edelweiss BSE Internet Economy Index Fund'—India's first index fund providing exposure to the BSE Internet Economy Index.


      - The investment objective of the scheme is to generate returns, before expenses, that closely correspond to the total returns of the BSE Internet Economy Total Return Index, subject to tracking errors.


      - Edelweiss adopts a transparent, rules-based approach, specifically excluding traditional Information Technology (IT) and software companies. The fund is designed to reflect the performance of businesses that are part of India's rapidly expanding internet-driven economy.

      - Edelweiss BSE Internet Economy Index Fund is an open-ended index fund designed to replicate the performance of the BSE Internet Economy Total Return Index. The New Fund Offering (NFO) opens for subscription on April 25, 2025, and will close on May 9, 2025. This fund offers investors a unique opportunity to participate in India's rapidly evolving digital economy.

Main Point :-   (i) The underlying index includes the top 20 companies from the BSE 500, selected based on their six-month average market capitalization. It spans 11 sub-industries such as e-retail, internet and catalogue retail, e-learning, digital entertainment, fintech, and other digitally driven sectors, reflecting the breadth of India’s internet ecosystem.

      (ii) Investors can start with a minimum investment of Rs. 100 and add in multiples of Rs. 1 thereafter. According to the Scheme Information Document (SID), an exit load of 0.10% will be applicable if units are redeemed or switched within 30 days from the date of allotment. No exit load is charged for redemptions made after the 30-day period.

(iii) The fund will be managed by Bhavesh Jain and Bharat Lohoti, Co-Heads of Factors Investing at Edelweiss Mutual Fund. The NFO, or New Fund Offering, represents the initial phase where the Asset Management Company (AMC) sells units of the scheme to investors to raise capital and attract early participation.

About Edelweiss Mutual Fund(EMF)
MD & CEO : Radhika Gupta
Headquarters : Mumbai
__________________________________________

Former ISRO Chief and Padma Awardee K. Kasturirangan Passes Away Recently.

On 26th April 2025, Dr. Krishnaswamy Kasturirangan, former Chairman of the Indian Space Research Organisation (ISRO) and Padma awardee, passed away recently at the age of 84 in Bengaluru, Karnataka. He was born on 24th October 1940 in Ernakulam, Kerala.


      - Dr. Krishnaswamy Kasturirangan began his professional career in space science in 1969 as a researcher at the Physical Research Laboratory (PRL) in Ahmedabad, Gujarat. His early research laid a strong foundation for his future contributions to India's space journey.


      - He served as the Chairman of ISRO from 1994 to 2003. During his tenure, he oversaw the successful development and launch of the Polar Satellite Launch Vehicle (PSLV) and the Geosynchronous Satellite Launch Vehicle (GSLV), and initiated India's planetary exploration efforts, which eventually led to the Chandrayaan-1 mission.

     

Main Point :-   (i) For his immense contributions to the field of science and engineering, he was honoured with several of India’s highest civilian awards: Padma Shri in 1982 (India's fourth-highest civilian award), Padma Bhushan in 1992 (India's third-highest civilian award), and Padma Vibhushan in 2000 (India's second-highest civilian award).

      (ii) Dr. Kasturirangan's legacy continues to inspire generations of scientists and researchers, leaving an indelible mark on India's advancements in space exploration and technology.

About ISRO
Founder: Vikram Sarabhai
Headquarters: Bengaluru
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Recently Former Australia Batter Keith Stackpole Passes Away.

In April 2025, Former Australia vice-captain and opener, Keith Raymond Stackpole, passed away at the age of 84 in Melbourne, Australia. Born on July 10, 1940, in Victoria, Australia, Stackpole was named one of Wisden's 'Cricketers of the Year' in 1973.


      - Keith Stackpole made his international debut in 1966 and played 43 Test matches and 6 One Day Internationals (ODIs) between 1966 and 1974, accumulating a total of 2,807 runs in Tests at an average of 37.42, including seven centuries.


      - Batter Keith Stackpole excelled in the Ashes series, averaging 50.6 in 13 Tests, with a high score of 207 against England at the Gabba in 1970. He led the scoreboard during the 1972 Ashes as vice-captain under Ian Chappell.

     

Main Point :-   After retiring from cricket in 1974, Stackpole had a long and distinguished career in media and broadcasting.

     

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World Malaria Day Observed on 25 April 2025.

World Malaria Day (WMD) is celebrated annually on April 25 across the globe to raise awareness, mobilize resources, and promote actions for the prevention, control, and elimination of malaria.


      - The theme for WMD 2025 is "Malaria Ends With Us: Reinvest, Reimagine, Reignite," which aims to energize efforts at all levels—from global policy to community action—to accelerate progress towards malaria elimination.


     

     

Main Point :-   (i) WMD was established by WHO member states during the World Health Assembly (WHA) in 2007.

      (ii) The first World Malaria Day was observed on April 25, 2008.

(iii) The concept of WMD originates from Africa Malaria Day, initiated in 2001 by African countries following the Abuja Declaration, which was signed by 44 malaria-endemic countries at the African Summit on Malaria.

About World Health Organization (WHO)
Director-General (DG): Dr. Tedros Adhanom Ghebreyesus
Headquarters: Geneva, Switzerland
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International Delegate's Day Celebrated on 25 April 2025.

The United Nations (UN)'s International Delegate's Day is observed annually on 25th April across the globe to highlight the role of representatives and delegates of Member States to the UN.


      The 25th April 2025 marks the 6th observance of International Delegate's Day.


     

     

Main Point :-   (i) In April 2019, the United Nations General Assembly (UNGA) adopted the resolution A/RES/73/286, officially proclaiming 25 April as International Delegate's Day.

      (ii) The first International Delegate's Day was celebrated on 25 April 2020.

(iii) The date commemorates the opening of the San Francisco Conference (also known as the UN Conference on International Organization) held on 25 April 1945.

About the United Nations (UN)
Secretary-General: António Guterres
Headquarters: New York, United States of America (USA)
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World Penguin Day Observed on 25 April 2025.

World Penguin Day is celebrated annually on 25th April across the globe to raise awareness about the environmental challenges faced by penguins and the importance of their conservation.


      - The celebration of World Penguin Day began on 25th April 1972 when researchers observed the migration of Adelie Penguins towards the north. Initially, it focused only on Adelie Penguins but now it honors all 18 species of penguins worldwide.


      - According to the Antarctic and Southern Ocean Coalition (ASOC), the date April 25 is linked to the annual migration of Adelie Penguins, first recorded by researchers at McMurdo Station in Antarctica. ASOC, based in Washington, D.C., USA, is a global coalition working to protect the Antarctic region.

      - A related observance, Penguin Awareness Day, is observed every year on January 20th to celebrate penguins and highlight the environmental threats they face.

Main Point :-   (i) Penguins are captivating flightless birds adapted to aquatic life. They live exclusively in the Southern Hemisphere, from the icy expanses of Antarctica to the temperate coasts of Africa and South America. There are 18 species of penguins, with 11 classified as "Globally Threatened" by the IUCN Red List.

      (ii) The Antarctic Treaty System, signed in 1959 and updated in 1991, provides protection for all 18 types of penguins in Antarctica by banning hunting and egg collection activities.

(iii) Other significant conservation efforts include the Põhatu Marine Reserve in New Zealand, which protects the largest group of little blue penguins, and the establishment of no-fishing zones near six important African penguin breeding sites in South Africa in 2025.

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IWAI Reports Record 145.5 MMT Cargo Movement in FY 2024-25 and National Waterways See Exponential Growth Over a Decade.

In April 2025, Noida, Uttar Pradesh-based The Inland Waterways Authority of India (IWAI) reported a record-breaking cargo movement of 145.5 million metric tonnes (MMT) in the Financial Year (FY) 2024-25, up from 18.1 MMT in FY 2013-14, registering a Compounded Annual Growth Rate (CAGR) of 20.86 percent.


      - Out of the total cargo moved on National Waterways (NWs) during the year, five commodities (i.e., coal, iron ore, iron ore fines, sand, and fly ash) constituted over 68 percent of the total movement.


     

     

Main Point :-   (i) The IWAI, under the Ministry of Ports, Shipping and Waterways (MoPS&W), has expanded the number of NWs from 5 to 111 under the National Waterways Act, 2016. ii. Simultaneously, the operational length of NWs has increased from 2,716 km (2014-15) to 4,894 km (2023-24).

      (ii) Various digital tools like the Least Available Depth Information System (LADIS), River Information System (RIS), Car-D, Portal for Navigational Information (PANI), and Management Information and Reporting Solution (MIRS) were launched by the IWAI to boost the Ease of Doing Business.

(iii) India aims to increase the Inland Water Transport (IWT) modal share from 2 percent to 5 percent, and raise traffic to 200+ MMT by 2030 and 500+ MMT by 2047 under the Maritime Amrit Kaal Vision.

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Similipal in Odisha Recently Declared as India’s 107th National Park.

In April 2025, Mohan Charan Manjhi, Chief Minister (CM) of Odisha, officially declared the Similipal Tiger Reserve (TR), located in Mayurbhanj district, as a National Park (NP). Now, Similipal TR has become India's 107th National Park (NP) and Odisha’s 2nd protected area to be declared a National Park after Bhitarkanika (declared as NP in 1998).


      - This newly declared National Park is now the largest NP in Odisha, covering an area of 845.70 square kilometers (sq. km).


      - The Forest, Environment and Climate Change (FE&CC) Department of Odisha issued a notification exercising powers under Section 35(4) of the Wildlife (Protection) Act, 1972.

      - Similipal is divided into two divisions: the Similipal South Wildlife Division, which comprises seven ranges including Pithabata North, Nawana South, Jenabil, among others, and the Similipal North Wildlife Division, which includes four ranges such as Barrehipani, Chahala, Nawan North, and Talabandh wildlife ranges. The name ‘Similipal’ is derived from the ‘Simul’ (Silk Cotton) tree, which is abundantly found in the region.

Main Point :-   (i) Similipal hosts rich biodiversity, with more than 360 species of birds, 55 species of mammals including leopards and sambar, 62 species of reptiles, and 21 species of amphibians. It is notably home to around 40 wild tigers, including the world's only population of wild melanistic (black) tigers, and serves as a natural habitat for 25% of Odisha’s elephant population.

      (ii) The Similipal landscape spreads over 2,750 square kilometers, with approximately 2,306 square kilometers forming the Similipal Wildlife Sanctuary (WLS). This vast and ecologically significant area plays a crucial role in wildlife conservation and habitat protection within the state.

(iii) In 2007, the Odisha government notified 1,194.75 square kilometers of the Similipal Tiger Reserve (STR) as the core critical tiger habitat. Furthermore, since 2009, Similipal has been recognized as part of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) World Network of Biosphere Reserves (WNBR), highlighting its global ecological significance.

About Odisha
Chief Minister (CM): Mohan Charan Manjhi
Governor : Dr. Hari Babu Kambhampati
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In THE Asia University Rankings 2025 IISc Tops Among Indian Institutes and China’s Tsinghua University Leads Overall.

In April 2025, London, United Kingdom (UK)-based Times Higher Education (THE) released its 13th edition of the Asia University Rankings. The Indian Institute of Science (IISc), Bengaluru, Karnataka, topped among all the Indian institutes featured on the list. IISc secured the 38th rank with an overall score of 65.2, a drop from its 32nd position in the 2024 list.


      - Overall, China retained its dominance by securing the top two spots, with Tsinghua University ranking 1st (score 92.5) and Peking University ranking 2nd (score 92).


      - They were followed by the National University of Singapore (NUS) and Nanyang Technological University (NTU) from Singapore, ranked 3rd and 4th respectively.

     

Main Point :-   (i) This latest edition ranked 853 universities from 35 countries/territories, up from 739 universities in 2024, evaluating their research, teaching, knowledge transfer, and international outlook.

      (ii) Among India's top 10 universities, only two Indian Institutes of Technology (IITs) — IIT-Indore (Madhya Pradesh), ranked 131st, and IIT-Guwahati (Assam), ranked 184th — featured on the list.

(iii) Shoolini University of Biotechnology and Management Sciences, with an overall score of 48.1, ranked 146th (up from 150th in 2024), and emerged as the highest-ranked private university in India for the second consecutive year.

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UNDP Joins Global Network to Support Countries in Tackling Climate Change.

In April 2025, the New York (United States of America, USA)-based United Nations Development Programme (UNDP) recently joined the Santiago Network, an international initiative specifically developed to support vulnerable countries and communities in addressing the irreversible impacts of loss and damage caused by climate change.


      - This marks a major step in scaling up technical assistance and policy support for countries most affected by climate-induced loss and damage.


      - The term 'loss and damage' refers to the harmful effects of climate change that cannot be avoided or adapted to.

     

Main Point :-   (i) A 2023 study showed that between 2000 and 2019, the world suffered at least USD 2.8 trillion in climate-related damages, amounting to nearly USD 16 million every hour.

      (ii) Vulnerable countries, despite being least responsible for global greenhouse gas emissions (GHGs), are most affected by climate change. For instance, the 2022 floods in Pakistan impacted 33 million people and caused economic damages close to USD 30 billion.

(iii) The Santiago Network was established in 2019 under the United Nations Framework Convention on Climate Change (UNFCCC) to bring together organizations, networks, and experts to support the implementation of solutions that avert, minimize, and address loss and damage due to climate change. Its secretariat is co-hosted by the UN Office for Disaster Risk Reduction (UNDRR) and the UN Office for Project Services (UNOPS) in Geneva, Switzerland.

About United Nations Development Programme (UNDP)
Administrator : Achim Steiner
Headquarters : New York
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RBI Revokes Ajantha Urban Co-operative Bank’s Licence Over Capital and Compliance Shortfalls.

In April 2025, the Reserve Bank of India (RBI) cancelled the banking licence of Ajantha Urban Co-operative Bank Maryadit, headquartered in Aurangabad, Maharashtra. The action was taken under the provisions of the Banking Regulation Act, 1949, due to the bank’s inadequate capital position, poor earning prospects, and continued non-compliance with regulatory requirements.


      - The bank failed to meet the requirements under Sections 11(1), 22(3)(a) to 22(3)(e), and Section 56 of the Banking Regulation Act, 1949.


      - It lacked adequate capital and did not demonstrate any viable earning potential.

      - The RBI found that allowing the bank to continue operations would be against public interest, particularly affecting depositors, as the bank was unable to meet its deposit repayment obligations.

Main Point :-   (i) Following the bank's liquidation, depositors are eligible to receive insurance coverage of up to ₹5 lakh under the provisions of the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961. The DICGC, headquartered in Mumbai, ensures protection of depositors' funds in such cases of bank failure.

      (ii) As of April 3, 2025, approximately 91.55% of the depositors qualified to receive the full insured amount of their deposits. In total, the DICGC had disbursed ₹275.22 crore to eligible depositors of Ajantha Urban Co-operative Bank Maryadit.

(iii) As of March 31, 2025, a total of 23 Urban Co-operative Banks (UCBs) were operating under All-Inclusive Directions (AID), with the highest number in Maharashtra (9), followed by Karnataka (5), and Uttar Pradesh (4).

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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Indian Filmmaker Payal Kapadia Awarded France’s 'Officer of the Order of Arts and Letters' for Her Contribution to Cinema.

On 24th April 2025, Mumbai (Maharashtra)-based Indian filmmaker Payal Kapadia was honoured with the "Officier dans l'Ordre des Arts et des Lettres" (Officer of the Order of Arts and Letters), one of France's highest civilian distinctions in the fields of arts and literature. She was recognised for her exceptional contribution to global cinema and her efforts in fostering Indo-French cultural ties. The award was conferred by Jean-Marc Sere-Charlet, Consul General of France in Mumbai, during a ceremony held at the Residence of France in Mumbai.


      - Kapadia is an alumna of the Film and Television Institute of India (FTII) and is widely known for her innovative and experimental storytelling in cinema.


      - ii. Her fiction feature debut, All We Imagine as Light (2024), an Indo-French co-production between France-based petit chaos and Mumbai-based Chalk and Cheese Films, won the Grand Prix at the 77th Cannes Film Festival (CFF)—making it the first Indian film in 30 years to receive a major award in the main competition. The film was also shortlisted as France’s official entry for the Academy Awards (Oscars) in the Best International Feature Film category.

     

Main Point :-   (i) In 2017, her short film Afternoon Clouds was selected as the only Indian entry at the 70th CFF.

      (ii) Her experimental short And What Was the Summer Saying won the Special Jury Prize at the International Documentary Film Festival Amsterdam (IDFA) in 2018, and the Pramod Pati Award at the Mumbai International Film Festival (MIFF) in 2020.

(iii) In 2021, Payal Kapadia received the Oeil d'Or (Golden Eye) Award at the 74th Cannes Film Festival for her acclaimed documentary A Night of Knowing Nothing. In 2025, she further cemented her global reputation with a Golden Globe nomination for Best Director and was ranked 5th in Cahiers du Cinéma's prestigious annual list of top filmmakers.

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Bhuvnesh Kumar Appointed CEO of UIDAI and K.K. Pathak Designated Additional Secretary in Cabinet Secretariat.

In April 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, made major senior-level key bureaucratic changes across ministries and departments, particularly in the Cabinet Secretariat (CS) and Unique Identification Authority of India (UIDAI), with an aim to reinforce administrative efficiency and align governance priorities with emerging challenges and opportunities.


      - Senior bureaucrat Bhuvnesh Kumar, a 1995 batch Indian Administrative Service (IAS) officer of Uttar Pradesh (UP) cadre, has been named as the full-time Chief Executive Officer (CEO) of UIDAI.


      - He was earlier appointed as the part-time CEO of UIDAI in January 2025. He previously served as Additional Secretary (AS) in the Ministry of Electronics & Information Technology (MeitY), a position now replaced by Amitesh Kumar Sinha, a 1997 Indian Railways Account Service (IRAS) officer.

     

Main Point :-   (i) Senior IAS officer Abhishek Singh, a 1995 batch officer from Nagaland cadre, has been appointed as the Director General of the National Informatics Centre (NIC) and will also hold the additional charge as Additional Secretary of MeitY.

      (ii) Keshav Kumar Pathak, a senior IAS officer from the Bihar cadre, has been appointed as the Additional Secretary (AS) in the Cabinet Secretariat (CS).

About UIDAI
CEO : Bhuvnesh Kumar
Headquarters: New Delhi
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Ambuja Cements Secures 37.8% Stake in OCL, Takes Control from CK Birla Group.

In April 2025, Mumbai-based Ambuja Cements, backed by the Adani Group, officially acquired control of Orient Cement Limited (OCL), which was previously managed by the CK Birla Group and headquartered in New Delhi.


      - Ambuja Cements acquired 7.76 crore equity shares, representing 37.79% of OCL’s total shareholding, from its promoters. Additionally, it bought 1.82 crore shares (8.87%) from public shareholders, giving it a total stake of 46.66%, thus gaining full operational control over OCL.


      - Following the change in ownership, several key figures from the CK Birla Group stepped down, including Chandrakant Birla, Amita Birla, and Desh Deepak Khetrapal. Additionally, four independent directors also resigned, marking a significant leadership shift.

      - Ambuja Cements appointed new leadership to steer OCL forward. Vaibhav Dixit was named Executive Director (ED), Vinod Bahety as Chairman and Non-Executive Non-Independent Director, while Sudhir Nanavati, Shruti Shah, and Ravi Kapoor joined as Independent Directors. Kajal Sarda was appointed the new Chief Financial Officer (CFO), replacing Prakash Chand Jain, effective April 23, 2025.

Main Point :-   (i) Since its acquisition by the Adani Group in 2022 from Switzerland-based Holcim Group for Rs 51,000 crore, Ambuja Cements has aggressively expanded its footprint in the cement sector through multiple acquisitions and plant upgrades.

      (ii) In June 2024, the Adani Group acquired Penna Cement Industries Ltd. (Hyderabad, Telangana) for Rs 10,422 crore, adding 14 million tonnes per annum (MTPA) to its production capacity. In December 2024, it further expanded by purchasing Sanghi Industries Ltd. (Ahmedabad, Gujarat) for Rs 5,185 crore.

(iii) With these strategic acquisitions, the Adani Group aims to reach a cement production capacity of 140 MTPA by FY28. Meanwhile, UltraTech Cement, also backed by the Adani Group and based in Mumbai, continues to lead the market with a capacity of 183.06 MTPA.

About Ambuja Cements
Chairman : Gautam Adani
Headquartered : Mumbai
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Government Announces 5-Point Action Plan Against Pakistan Following Pahalgam Terror Attack.

In April 2025, the Cabinet Committee on Security (CCS), the highest decision-making body on national security in India, chaired by Prime Minister Narendra Modi, took a series of stringent actions against Pakistan in response to a terrorist attack that claimed the lives of 26 people, including a foreign national, in Pahalgam, Jammu & Kashmir (J&K).


      - Following a CCS meeting held in New Delhi (Delhi), the Government of India (GoI) has implemented a 5-point action plan targeting Pakistan's infrastructure, diplomatic presence, and movement across borders. The measures are aimed at strengthening national security and countering terrorism.


      - The Resistance Front (TRF), an offshoot of the Pakistan-based militant group Lashkar-e-Taiba (LeT), has claimed responsibility for the recent terrorist attack in Pahalgam.

      - The Government of India has suspended the Indus Waters Treaty (IWT), a crucial water-sharing agreement between India and Pakistan, with immediate effect. This suspension will remain in place until Pakistan credibly and irrevocably halts its support for cross-border terrorism.

Main Point :-   (i) The government has decided to close the integrated Attari-Wagah Border, the international border between India and Pakistan, located near Attari, Amritsar, Punjab (India), and Wagah (Pakistan), with immediate effect. As a result, all cross-border movement through this route has been halted indefinitely.

      (ii) The Government of India has announced the suspension of the South Asian Association for Regional Cooperation (SAARC) Visa Exemption Scheme (SVES) for Pakistani nationals. Additionally, any SVES visa previously issued to Pakistani nationals is now deemed cancelled, and any Pakistani national currently in India under this scheme has been given 48 hours to leave the country.

(iii) The Government of India has decided to expel all Pakistani military, Naval, and Air advisors stationed at the Pakistan High Commission in New Delhi, declaring them 'Persona Non Grata' and giving them one week to leave India. In response, India will also withdraw its own military advisors from the Indian High Commission in Islamabad, Pakistan. Additionally, the Government of India has announced a reduction in diplomatic personnel at the Indian High Commission in Islamabad, decreasing the staff from 55 to 30 by May 1, 2025.

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ICAI and CAG Sign MoU to Enhance Capacity Building in Public Sector Audits.

In April 2025, the Institute of Chartered Accountants of India (ICAI), through its Committee on Public and Government Financial Management (CPGFM), signed a Memorandum of Understanding (MoU) with the Office of the Comptroller & Auditor General (CAG) of India to enhance Capacity Building (CB) in areas like commercial accounting, financial auditing, taxation, and other related aspects within the CAG institution in New Delhi.


      - The MoU documents were exchanged by K. Sanjay Murthy, CAG of India, and Charanjot Singh Nanda, President of ICAI.


      - This collaboration aims to build domain expertise, improve audit quality, and support economic growth through professional development.

      - The MoU will strengthen professional capacity in contributing to India's economic growth and development by enhancing the skills of auditors.

Main Point :-   (i) The MoU includes a range of training programs aimed at enhancing the skills and knowledge of auditors. It covers training for recent recruits to help them build a strong foundation in auditing practices. Additionally, advanced programs for experienced officers will be provided to further develop their expertise in specialized areas. The MoU also includes Continuous Professional Education (CPE) programs to ensure that auditors remain updated with the latest industry developments and best practices.

      (ii) The training will have a practical, application-oriented approach, covering topics such as Enterprise Resource Planning (ERP) systems, forensic accounting, and fraud investigation.

(iii) The CAG of India, established in 1949, is the Supreme Audit Institution of India, based in New Delhi. It is the sole licensing and regulatory body for the financial audit and accounting profession in India.

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PM Narendra Modi's Official Visit to Saudi Arabia from April 22-23, 2025, Strengthens Bilateral Ties with Key MoUs and Strategic Discussion.

Prime Minister (PM) of India, Narendra Modi, undertook a two-day official visit to the Kingdom of Saudi Arabia from April 22-23, 2025, at the invitation of Crown Prince and PM of Saudi Arabia Mohammed bin Salman bin Abdulaziz Al Saud. PM Modi received a grand welcome with a 21-gun salute upon his arrival at the airport in Jeddah, Saudi Arabia.


      - This marked PM Modi's third visit to Saudi Arabia, emphasizing the strengthening of bilateral ties between the two nations.


      - It also marked his 15th official trip to the Gulf region since assuming office in 2014.

     

Main Point :-   (i) During the visit, PM Narendra Modi and Crown Prince Mohammed bin Salman held official talks and co-chaired the second meeting of the India-Saudi Arabia Strategic Partnership Council (SPC).

      (ii) The SPC decided to establish a new Ministerial Committee focused on Defence Cooperation, Tourism, and Cultural Cooperation.

(iii) India and Saudi Arabia signed four Memoranda of Understanding (MoUs) during PM Modi's visit, aimed at enhancing bilateral cooperation across various sectors.

About the Kingdom of Saudi Arabia
Prime Minister: Mohammed bin Salman bin Abdulaziz Al Saud
Capital: Riyadh
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RBI Data Shows 8.2% Decline in Outward Remittances Under LRS During April to February.

Outward remittances under the Reserve Bank of India's (RBI) Liberalised Remittance Scheme (LRS) during April 2024 to February 2025 in Financial Year (FY)25 remained lower compared to the same period last year. The remittances recorded a year-on-year (Y-o-Y) decline of 8.21 per cent, falling to USD 27.02 billion from USD 29.43 billion in the previous year.


      - International travel, which is the largest component under LRS, saw a marginal drop of about 1 per cent. Remittances under this segment declined to USD 15.84 billion in April–February FY25 from USD 16 billion in the same period last year. Meanwhile, remittances for the maintenance of close relatives registered a sharp fall of nearly 22 per cent, declining to USD 3,300.5 million.


      - Funds sent overseas for educational purposes also witnessed a notable drop. Remittances for overseas education fell by 16 per cent to USD 2,758.9 million compared to the same period last year, highlighting a significant reduction in this segment.

      - Interestingly, remittances for the purchase of immovable property abroad rose by 28.32 per cent, reaching USD 277.7 million. In addition, investments in equity and debt under the LRS increased by 8.27 per cent to USD 1,392.55 million during the same period.

Main Point :-   (i) In February alone, outward remittances fell by 2.44 per cent year-on-year to USD 1.96 billion from USD 2.01 billion in February 2024. This reflects a moderate decline in overall monthly remittance activity under the scheme.

      (ii) Despite the overall dip, the international travel segment grew by 3.5 per cent in February 2025, with remittances rising to USD 1.09 billion from USD 1.05 billion a year ago. However, remittances for overseas education declined sharply by 26.19 per cent to USD 182.17 million, and funds for maintenance of close relatives dropped by 11.78 per cent to USD 235 million.

(iii) The Liberalised Remittance Scheme was launched in 2004, initially with a remittance limit of USD 25,000. Over time, the limit has been revised in stages and currently allows all resident individuals, including minors, to remit up to USD 250,000 per financial year for permissible current or capital account transactions, or a combination of both.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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SVAMITVA Scheme Completes 5 Years of Empowering Rural India with Property Rights and Technological Advancements.

The SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) scheme, a game-changer in rural governance, was launched on April 24, 2020, by Prime Minister Narendra Modi on National Panchayati Raj Day. After five successful years, the scheme continues to make a significant impact on rural India.


      - The scheme is being executed by the Ministry of Panchayati Raj (MoPR) with crucial support from Survey of India (SoI), based in Dehradun, Uttarakhand, and the National Informatics Centre Services Inc. (NICSI), based in New Delhi as the technology partner.


     

     

Main Point :-   (i) SVAMITVA is a Central Sector Scheme (CSS) aimed at providing ‘record of rights’ in the form of property cards to village household owners in inhabited rural areas across India.

      (ii) Initially launched with a budget of Rs 566.23 crore from Financial Year 2020-21 (FY21), the scheme has been extended until FY26 to continue its progress.

(iii) As of January 18, 2025, the Government of India (GoI) had distributed a total of 65 lakh SVAMITVA property cards to households in over 50,000 villages across 10 states, including 2 Union Territories (UTs).

About MoPR
Cabinet Minister: Lalan Singh
Headquarters: New Delhi
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SBI to Appoint 'Grahak Mitras' for Promoting Alternate Banking Channels.

In April 2025, the Mumbai (Maharashtra)-based State Bank of India (SBI), India's largest Public Sector Bank (PSB), announced the deployment of "Grahak Mitras" (Customers' Friends) across 4,500 branches, representing nearly 20% of its total 22,740 branches across India.


      - The initiative aims to encourage customers to use self-service banking channels and help reduce congestion at bank branches.


      - These Grahak Mitras will be sourced from State Bank Operations Support Services (SBOSS), a wholly-owned subsidiary of SBI, headquartered in New Delhi (Delhi).

      - The deployment will focus primarily on high-footfall branches, particularly those handling government salary accounts, pensions, and Direct Benefit Transfers (DBT).

Main Point :-   (i) SBI offers a wide range of alternate banking channels to enhance customer convenience and reduce branch dependency, including Automated Teller Machines (ATMs), Automated Deposit Cum Withdrawal Machines (ADWMs), self-service kiosks, SWAYAM barcode-based passbook printing kiosks, cheque deposit kiosks, internet banking, mobile banking through the You Only Need One (YONO) application, and WhatsApp banking services—ensuring 24/7 secure and seamless access to banking services.

      (ii) As of December 2024, 98.1% of all transactions at SBI were carried out through alternate banking channels, marking a substantial rise from 88.1% in March 2019 and highlighting the bank's successful shift towards digital banking solutions.

About SBI
Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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RBI Directs Banks to Shift to '.bank.in' Domain by October 31, 2025.

In April 2025, the Mumbai (Maharashtra)-based Reserve Bank of India (RBI) issued a directive mandating all banks to transition their digital operations to the exclusive '.bank.in' domain by October 31, 2025. The directive is part of a broader initiative aimed at strengthening the cybersecurity framework of digital banking services across India.


      - The primary goal of this move is to address the rising cybersecurity threats posed by cybercriminals who exploit online vulnerabilities, thereby ensuring safer digital transactions for customers.


      - This initiative was officially introduced on February 7, 2025, as a proactive step to bolster cybersecurity standards in the financial sector.

     

Main Point :-   (i) The Institute for Development and Research in Banking Technology (IDRBT), based in Hyderabad (Telangana), has been designated as the registrar for the '.bank.in' domain. IDRBT has been authorized by the National Internet Exchange of India (NIXI) under the Ministry of Electronics and Information Technology (MeitY).

      (ii) Banks are required to contact IDRBT at sahyog@idrbt.ac.in to begin their migration. IDRBT will provide technical and procedural guidance for the transition.

(iii) Banks will need to upgrade their IT infrastructure to comply with the new domain requirements, ensuring secure and uninterrupted digital banking experiences for users.

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World Bank Cuts India’s FY26 GDP Growth Forecast to 6.3%.

On April 23, 2025, the Washington D.C. (United States of America, USA)-based World Bank (WB) released its “South Asia Development Update April 2025”, in which it lowered India’s Gross Domestic Product (GDP) growth forecast for the fiscal year 2025-26 (FY26) to 6.3%, marking a 0.4 percentage point cut from its previous estimate of 6.7%.


      - This downward revision reflects slower private investment, reduced public capital expenditure, and rising global economic challenges and policy uncertainties.


      - India’s GDP growth for FY2024-25 is also projected to slow to 6.3% from 6.5%, due to diminishing positive impacts of lower interest rates and easier business regulations in the face of weakened global economic conditions.

     

Main Point :-   - The World Bank noted that India’s GDP growth declined from 9.2% in FY24 to an estimated 6.5% in FY25, representing the slowest pace in four years.

      (i) For the South Asian region, the World Bank projects growth to decelerate to 5.8% in 2025, a 0.4 percentage point drop from its October 2024 estimates. However, for 2026, the region's growth is expected to recover slightly to 6.1%.

(ii) On April 22, 2025, the International Monetary Fund (IMF) also revised India’s GDP growth forecast for FY26 to 6.2%, down from its January 2025 projection of 6.5%.

About World Bank (WB)
President: Ajay Banga
Headquarters: Washington D.C., United States of America (USA)
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Campbell Wilson Resigns as Air India Express Chairman and Nipun Aggarwal Named Successor.

In April 2025, Mumbai (Maharashtra)-based Air India Express (IX), a wholly owned subsidiary of Air India, announced that Campbell Wilson, who had been serving as the Chairman of Air India Express since June 2022, has stepped down from his position. This leadership transition comes amid the Tata Group’s ongoing efforts to streamline and restructure its aviation business.


      - He will be succeeded by Nipun Aggarwal, the current Chief Commercial Officer (CCO) of Air India. Aggarwal will continue in his CCO role while also taking on the responsibilities of Chairman at the budget airline.


      - To further enhance operational efficiency, Air India’s Chief Operations Officer (COO), Captain Basil Kwauk, will be appointed to the board of Air India Express, replacing Campbell Wilson, following regulatory approval.

     

Main Point :-   (i) Nipun Aggarwal is a seasoned professional with over 28 years of experience spanning aviation, finance, and energy sectors.

      (ii) He has previously held key roles at Bank of America Merrill Lynch, Standard Chartered Bank, and BP PLC, bringing a rich background in banking and energy.

(iii) Before joining Air India, Aggarwal served as Senior Vice President at Tata Sons, where he was instrumental in driving transformation across several Tata Group companies.

About Air India Express (IX)
Headquarters: Gurgaon, Haryana
Established: 2004
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T Rabi Sankar Gets One-Year Extension as RBI Deputy Governor.

In April 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, approved the reappointment of T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for a one-year term. The extension will commence on May 3, 2025, or until further orders, whichever is earlier.


      - This marks his second consecutive one-year extension since his initial appointment in May 2021, following the retirement of former Deputy Governor B.P. Kanungo.


      - As of April 2025, T. Rabi Sankar continues to oversee several crucial departments within the Reserve Bank of India (RBI), including the Foreign Exchange Department, Currency Management, and the Government Accounts Department. These roles place him at the center of key financial and monetary operations of the central bank.

      - Before his appointment as Deputy Governor in May 2021, T. Rabi Sankar served as an Executive Director (ED) at the RBI. Additionally, between 2005 and 2011, he worked as a consultant with the International Monetary Fund (IMF), where he contributed to the development of government bond markets and debt management systems in emerging economies.

Main Point :-   (i) Beyond T Rabi Sankar core responsibilities at the RBI, Rabi Sankar also holds several leadership positions in affiliated institutions. He serves as the Chairman of Indian Financial Technology and Allied Services (IFTAS), is a Board Member of Reserve Bank Information Technology Pvt Ltd (ReBIT), and sits on the Governing Council of the Institute for Development and Research in Banking Technology (IDRBT).

      (ii) As of April 2025, the Reserve Bank of India is led by four Deputy Governors: T. Rabi Sankar, M. Rajeshwar Rao, Swaminathan Janakiraman, and Poonam Gupta. Each plays a pivotal role in shaping the monetary policy and operational strategy of India's central banking system.

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CCI Approves Key Business Combinations and Acquisitions in Multiple Sectors on April 22, 2025.

On April 22, 2025, the Competition Commission of India (CCI) approved the following proposals:


      - The Competition Commission of India (CCI) has approved the proposed combination of Bharat Forge Limited (BFL), a global provider of safety and critical forged components and solutions to various sectors such as automotive, railways, and defence, for the acquisition of 100% equity shareholding of AAM India Manufacturing Corporation Private Limited (AAMCPL), which is primarily engaged in the manufacturing and selling of axles for commercial vehicles in India, with voluntary modifications.


      - The approval followed BFL's announcement on October 17, 2024, regarding the execution of a Share Purchase Agreement (SPA) to acquire 100% stake in AAMCPL.

     

Main Point :-   (i) On April 22, 2025, the Competition Commission of India (CCI) approved a joint proposal from 360 ONE Private Equity Fund and Bharti Life Ventures Private Limited (BLVPL) to acquire certain stakes in Bharti Axa Life Insurance Company Limited (BALIC), a private, unlisted limited liability company offering life insurance policies in India. The transaction will be executed in two stages: first, 360 Fund, through its schemes or affiliates, will acquire equity shares of BALIC from BLVPL.

      (ii) Subsequently, both 360 ONE and BLVPL will subscribe to additional equity shares in BALIC. BLVPL is the parent company of BALIC, and both are part of the Bharti Group. 360 Fund, a Category II Alternative Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI), focuses on investing across various sectors globally.

(iii) The CCI approved KGBPL's Rs 2,000 crore acquisition of Hindustan Coca-Cola Beverages' operations in North Gujarat and Diu. Supporting Coca-Cola’s strategy of franchising regional operations, the deal enables KGBPL—an authorized bottler in Rajasthan—to expand its distribution of non-alcoholic beverages into new markets.

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LIC Increases Shareholding in Bank of Baroda to 7.05%.

In April 2025, Mumbai (Maharashtra)-based Life Insurance Corporation of India (LIC), a state-owned insurance and investment company, increased its stake in Vadodara (Gujarat)-based Bank of Baroda (BoB), a leading Public Sector Bank (PSB), from 5.03% to 7.05%, marking a rise of about 2%.


      - This strategic move is part of LIC’s diversified investment approach and reflects growing institutional confidence in the Indian banking sector.


     

     

Main Point :-   (i) LIC acquired an additional 10.45 crore shares of BoB through Open Market Purchases (OMPs) conducted over a period of one and a half years, from 20 November 2023 to 16 April 2025.

      (ii) With this acquisition, LIC’s total shareholding in BoB reached 36,47,58,678 shares, equating to a 7.053% stake in the bank.

(iii) The acquisition did not affect the total voting capital of Bank of Baroda, which remains at 10,34,27,24,358.

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HDFC Bank Becomes Third Indian Firm to Cross Rs 15 Lakh Crore Market Capitalisation Mark.

In April 2025, Mumbai (Maharashtra)-based HDFC Bank Limited reached a major milestone by surpassing a market capitalisation (m-cap) of Rs 15 lakh crore, becoming the third Indian company to achieve this feat after Reliance Industries Limited (RIL) and Tata Consultancy Services (TCS), both also based in Mumbai.


      - As of 31 March 2025, HDFC Bank's m-cap stood at Rs 15,01,289.37 crore, supported by consistent share price appreciation and robust investor confidence.


     

     

Main Point :-   (i) The bank posted a standalone net profit of Rs 17,616 crore in Q4 FY25, marking a 6.7% increase from Rs 16,512 crore in the same quarter of the previous year.

      (ii) NII grew by 10.3% year-on-year, reaching Rs 32,070 crore, compared to Rs 29,080 crore in Q4 of FY24.

(iii) The total income for the quarter was Rs 89,488 crore, slightly lower than Rs 89,639 crore recorded during the corresponding period last year.

About HDFC Bank
CEO: Sashidhar Jagdishan
Headquarter : Mumbai
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South Korea Launches Fourth Military Spy Satellite via SpaceX Falcon 9 Rocket.

In April 2025, South Korea (Republic of Korea, ROK) successfully launched its fourth military reconnaissance satellite aboard a SpaceX Falcon 9 rocket from the Cape Canaveral Space Force Station in Florida, USA. The launch is part of the country’s ongoing efforts to bolster independent surveillance capabilities under the 425 Project.


      - This launch is aimed at enhancing South Korea’s ability to monitor North Korea’s nuclear and missile activities. The satellite is expected to play a critical role in gathering real-time, high-resolution data for national security and strategic defense.


      - The newly launched satellite is equipped with Synthetic Aperture Radar (SAR) technology, which enables it to capture detailed images regardless of weather conditions or time of day, including at night or through cloud cover.

      - The satellite was developed by the Agency for Defence Development (ADD) and is being managed by the Defence Acquisition Program Administration (DAPA). These institutions are responsible for advancing South Korea’s defense technologies and military capabilities.

Main Point :-   (i) Under the 425 Project, South Korea has made steady progress in building its satellite reconnaissance system. Unit 1, an Electro-Optical/Infrared (EO/IR) satellite, was launched on December 1, 2023, providing high-resolution optical and infrared imagery.

      (ii) This was followed by the launch of Unit 2, a Synthetic Aperture Radar (SAR) satellite, on April 7, 2024, and Unit 3, also a SAR satellite, on December 21, 2024. Most recently, Unit 4—another SAR satellite—was successfully launched on April 22, 2025, significantly enhancing South Korea’s radar imaging capabilities.

(iii) The fifth and final satellite (SAR) under the 425 Project is scheduled for launch later in 2025. Once deployed, it will complete South Korea’s strategic satellite constellation, enabling real-time, round-the-clock monitoring of the Korean Peninsula and surrounding regions.

About SpaceX
CEO: Elon Musk
Headquarters: Hawthorne, California, United States
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Union Minister Piyush Goyal Unveils “The Bharat Project” Aimed at Creating 1 Million Entrepreneurs.

In April 2025, Union Minister Piyush Goyal, Ministry of Commerce & Industry (MoC&I), launched the 'Bharat Project', a national initiative by India’s leading digital media platform YourStory, during an event held at Radisson Goregaon, Mumbai, Maharashtra.


      - This visionary initiative is aimed at empowering entrepreneurs from Tier-II, Tier-III cities and rural India by fostering innovation, mentorship, and access to resources.


      - The first pillar of The Bharat Project, Co-Pilot for Entrepreneurs, is an AI-powered, mobile-first platform created to support aspiring entrepreneurs across India by offering comprehensive startup guidance, curated learning resources, mentorship access, and inspirational success stories, all

      - State-level and district-level activations will boost awareness and practical training. A WhatsApp-based learning program will help young individuals learn how to start and grow their own businesses.

Main Point :-   (i) A nationwide challenge that aims to discover high-potential business ideas from over 1,000 districts, with mentorship provided to the top emerging founders.

      (ii) BharatSparks a launchpad initiative where selected entrepreneurs from smaller towns will get the chance to pitch to investors, secure grants, and receive long-term support for their ventures.

(iii) A 7-part web documentary series showcasing real startup journeys from across India. It will feature innovators, investors, and policymakers, highlighting the grassroots startup ecosystem.

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China Launches Gold ATMs in Shanghai Enabling Instant Gold-to-Cash Conversion.

In April 2025, China launched its first Gold ATM, an innovative financial service developed by Shenzhen Kinghood Holdings Group Company Limited, based in Guangdong, China. This machine offers a fast, fully paperless way for individuals to convert gold items into cash, significantly enhancing the convenience and accessibility of gold monetization.


      - It assesses, melts, and weighs the gold, verifies its purity, and transfers the equivalent value directly to the user’s bank account—all within 30 minutes and without requiring any form of identification or documentation.


      - The Gold ATM accepts gold items weighing more than 3 grams and with a minimum purity of 50%.

     

Main Point :-   (i) The machine melts the gold at temperatures above 1,200°C, performs real-time purity analysis, and calculates the payout amount based on the current market price of gold.

      (ii) A service charge of 18 yuan per gram (approximately ₹210) is deducted from the total value before the amount is transferred to the seller’s bank account.

(iii) This initiative marks a major step toward digital financial innovation in precious metals, bringing convenience, speed, and transparency to gold-to-cash transactions in China.

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RBI Revises Liquidity Coverage Ratio (LCR) Framework to Strengthen Banking Liquidity Management.

On April 21, 2025, the Reserve Bank of India (RBI) announced key amendments to the existing Liquidity Coverage Ratio (LCR) framework.


      - These amendments will be applicable to all Commercial Banks, excluding Payments Banks, Regional Rural Banks (RRBs), and Local Area Banks (LABs).


      - To ensure a smooth transition, RBI has provided sufficient time for banks to align their systems with the new LCR computation standards. The revised instructions will come into effect from April 01, 2026.

     

Main Point :-   (i) Banks will now be required to assign an additional 2.5% run-off factor on retail deposits enabled with internet and mobile banking (IMB) facilities.

      (ii) As a result, the stable retail deposits with IMB facilities shall carry a 7.5% run-off factor (up from the earlier 5%).

(iii) The less stable retail deposits with IMB shall now carry a 12.5% run-off factor (up from the earlier 10%). These changes aim to enhance the accuracy and resilience of liquidity risk management practices across the banking sector.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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IMF Revises India’s GDP Growth Forecast Down to 6.2% for FY26 and 6.3% for FY27.

In April 2025, the International Monetary Fund (IMF) released its "April 2025 World Economic Outlook (WEO): A Critical Juncture-amid Policy Shifts" report. The IMF revised India’s GDP growth forecast for Financial Year 2025-26 (FY26) down by 30 basis points (bps) to 6.2%, from its previous estimate of 6.5%. Additionally, the IMF lowered the forecast for FY27 to 6.3% from the earlier projection of 6.5%.


      - The report highlighted that the growth rate for FY26 is supported by private consumption, especially in rural areas. However, the growth projection for FY27 is slightly lower due to trade tensions and global uncertainty. The IMF indicated that persistent risks due to trade disruptions and geopolitical tensions are weighing on growth, but factors like enhanced employment, better credit access, and easing inflation are expected to boost private consumption.


      - As per the IMF's forecast, India’s consumer price inflation is expected to decrease to 4.2% in FY26, down from 4.7% in FY25. The inflation rate is further projected to decrease to 4.1% in FY27, reflecting a positive trend towards price stability over the next two years.

      - The report projects India's Current Account Deficit (CAD) at 0.9% of GDP in FY26 and 1.4% in FY27. In terms of employment, the unemployment rate is expected to remain static at 4.9% throughout this period, indicating stability in the labor market.

Main Point :-   (i) On the global front, the IMF forecasts the world’s GDP to grow by 2.8% in Calendar Year 2025 (CY25) and 3% in CY26. These growth projections have been revised downward from the previous estimate of 3.3% for both years, reflecting a combined downgrade of 80 basis points. This brings global growth below the 2009-19 average of 3.7%.

      (ii) Global inflation is expected to decrease more gradually, with projections of 4.3% in CY25 and 3.6% in CY26. This marks an adjustment from the previous forecast, with upward revisions for advanced economies and slight downward revisions for emerging markets. The easing inflation trend is seen as a positive sign for the global economy.

(iii) The IMF further revised the growth projections for emerging and developing economies, estimating growth rates of 3.7% for CY25 and 3.9% for CY26. These projections reflect a decrease in growth expectations for these economies as a whole, primarily driven by ongoing challenges in the global trade environment and geopolitical tensions.

About International Monetary Fund (IMF)
Managing Director (MD)- Kristalina Georgieva
Headquarters- Washington DC, the United States of America (USA)
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Telangana Inks ₹10,500 Crore Pact with Japanese Companies to Establish AI Data Center in Hyderabad.

In April 2025, the Government of Telangana signed a tripartite agreement with Japanese Information Technology (IT) firms—NTT (Nippon Telegraph and Telephone) DATA Group Corporation, a global leader in digital transformation and IT services, and Neysa Networks, an Artificial Intelligence (AI)-first cloud platform company—to establish an AI Data Center Cluster in Hyderabad, Telangana, with an investment of ₹10,500 crore.


      - The agreement was signed in the presence of Anumula Revanth Reddy, Chief Minister (CM) of Telangana, during a high-level investment meeting held in Tokyo, Japan.


     

     

Main Point :-   (i) The proposed facility will include a 400 MegaWatt (MW) data center cluster, envisioned to host India's most powerful AI supercomputing infrastructure, equipped with 25,000 Graphics Processing Units (GPUs).

      (ii) As per the Memorandum of Understanding (MoU), the partnership will combine the global data center expertise of NTT DATA with Neysa’s AI acceleration platform to co-develop cutting-edge AI-first solutions.

(iii) The facility will operate on a combination of grid and renewable energy sources, with a capacity of up to 500 MW, and will leverage advanced technologies such as liquid immersion cooling to meet Environmental, Social, and Governance (ESG) standards.

About Telangana
Chief minister: Revanth Reddy
Governor: Jishnu Dev Varma
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Goldman Environmental Prize 2025: 7 Grassroots Heroes Recognized for Environmental Advocacy.

On April 21, 2025, the California, United States of America (USA)-based Goldman Environmental Foundation announced the recipients of the 36th Goldman Environmental Prize (2025), popularly known as the ‘Green Nobel Prize’, recognizing seven grassroots environmental activists for their exceptional efforts in protecting the environment across six inhabited continental regions.


      - The award ceremony took place in San Francisco, California (USA), celebrating the profound global influence of grassroots environmental leadership.


     

     

Main Point :-   (i) The 2025 Goldman Environmental Prize was conferred on 7 recipients from six geographical regions, acknowledging their impactful environmental activism at the grassroots level.

      (ii) Batmunkh Luvsandash, a former electrical engineer from Mongolia, received the 2025 Goldman Environmental Prize for Asia for his significant contribution to environmental conservation.

About Goldman Environmental Foundation
President : Susan R. Gelman
Headquarters : California, United States of America (USA)
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Captain (Retd.) Jagmohan Named as New CMD of Mazagon Dock Shipbuilders Limited (MDL).

In April 2025, the Appointments Committee of the Cabinet (ACC) approved the appointment of Captain (Retd.) Jagmohan as the new Chairman and Managing Director (CMD) of Mazagon Dock Shipbuilders Limited (MDL), a premier Defence Public Sector Undertaking (DPSU) based in Mumbai, Maharashtra, under the Ministry of Defence (MoD).


      - He officially assumed charge as CMD of MDL with effect from 21 April 2025 for a tenure lasting until his superannuation on 30 September 2029, or until further orders, whichever is earlier.


      - He succeeds Biju George, who was holding the additional charge as CMD of MDL since March 2025, following the superannuation of Sanjeev Singhal in February 2025.

     

Main Point :-   (i) Captain Jagmohan was serving as the Director (Corporate Planning, Projects and Business Development) at Goa Shipyard Limited (GSL) prior to this appointment, and brings with him over 25 years of experience in the Indian Navy (IN) and shipbuilding industry.

      (ii) Earlier, as Head of Design at Garden Reach Shipbuilders & Engineers Limited (GRSE), Kolkata (West Bengal), he successfully led key defence projects such as the Advanced Stealth Frigate, P28 Anti-Submarine Warfare (ASW) Corvette, and Fast Patrol Vessels (FPV) for both the Indian Navy (IN) and Indian Coast Guard (ICG).

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Sandeep Singh Named as New CEO of TrillionLoans Fintech.

In April 2025, Mumbai (Maharashtra)-based TrillionLoans Fintech Private Limited (TFPL), a digital-first Non-Banking Financial Company (NBFC) regulated by the Reserve Bank of India (RBI), appointed Sandeep Singh as its new Chief Executive Officer (CEO), with immediate effect.


      - He succeeds Sabyasachi Senapati, who will now transition to a new role within BharatPe Group, the majority stakeholder in TFPL. Sabyasachi will lead growth initiatives and platform operations at BharatPe, while continuing as a Whole-time Director on the TFPL board to ensure a smooth leadership transition.


      - Sandeep Singh previously served as the Head of Digital Loans at Aditya Birla Finance Limited (ABFL), where he played a significant role in advancing the company’s digital lending initiatives.

      - He brings over 16 years of cross-industry experience in digital lending, insurance, and enterprise software, with strong expertise in product development, customer service, and distribution.

Main Point :-   (i) TrillionLoans Fintech offers a diverse range of financial products, including merchant loans, Micro, Small and Medium Enterprises (MSME) finance, revenue-based lending, consumer credit, and vehicle loans.

      (ii) BharatPe, backed by Tiger Global, acquired a 51% stake in TFPL in May 2023, and later increased its shareholding to nearly 60%.

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RGIA Attains Prestigious ACA Level-5 Carbon Accreditation for Environmental Excellence.

In April 2025, Hyderabad (Telangana)-based Rajiv Gandhi International Airport Limited (RGIA), operated by GMR Hyderabad International Airport Ltd. (GHIAL), announced that it has received the Level-5 Accreditation under the globally recognised Airport Carbon Accreditation (ACA) programme by Airports Council International (ACI).


      - With this prestigious recognition, RGIA has become one of the top 4 airports in the ACI Asia-Pacific & Middle East region to achieve Level-5, the highest level of carbon management certification under the ACA framework.


     

     

Main Point :-   (i) The ACA programme serves as the industry standard for assessing an airport's initiatives to manage and reduce carbon emissions.

      (ii) The Airport Carbon Accreditation (ACA) programme comprises seven progressive levels that evaluate an airport’s efforts to manage and reduce carbon emissions. These levels are: Level-1 (Mapping), where airports measure their carbon footprint; Level-2 (Reduction), which involves actively lowering emissions; Level-3 (Optimization), where airports engage stakeholders to reduce emissions collectively; Level 3+ (Neutrality), which requires offsetting residual emissions to achieve carbon neutrality; Level-4 (Transformation), focusing on aligning carbon management with global climate goals; Level-4+ (Transition), which incorporates long-term emissions reduction strategies; and Level-5, the highest level of carbon accreditation, awarded to airports that demonstrate exceptional performance in carbon management and alignment with net-zero targets.

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Klaus Schwab Steps Down as WEF Chairman and Peter Brabeck Named Interim Successor.

In April 2025, Klaus Schwab, founder of the Geneva (Switzerland)-based World Economic Forum (WEF), announced his resignation as Chairman and member of the Board of Trustees with immediate effect.


      - Following Klaus Schwab's resignation, the WEF's Board of Trustees held an extraordinary meeting, during which Peter Brabeck-Letmathe, former Chairman and Chief Executive Officer (CEO) of Nestlé S.A., was unanimously appointed as interim Chairman.


      - Peter Brabeck-Letmathe, an Austrian businessman, has been associated with the WEF as Vice Chairman of the Foundation Board.

      - Klaus Schwab, a German engineer and economist, founded the WEF in 1971, aiming to foster dialogue between political, business, and academic leaders to address global challenges.

Main Point :-   (i) Under his leadership, the WEF gained recognition for its annual meetings in Davos, Switzerland, where global leaders from various sectors convene to discuss critical international issues.

      (ii) Schwab founded the Forum of Young Global Leaders (YGL) and co-founded the Schwab Foundation for Social Entrepreneurship.

(iii) He has received several accolades for his leadership and humanitarian contributions, including the Guggenheim Humanitarian Award, the Dan David Prize, and the Global Economy Prize.

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India Marks 50 Years of Aryabhata and Celebrating the Launch of Its First Indigenous Satellite.

In April 2025, India commemorated the 50th anniversary of its first satellite, Aryabhata, launched on 19th April 1975. This historic milestone marks five decades of India’s journey in space exploration and reflects the achievements of the Indian Space Research Organisation (ISRO).


      - Aryabhata was launched aboard a Soviet Kosmos-3M rocket from Kapustin Yar in Astrakhan Oblast, Russia, with assistance from the USSR. This international collaboration enabled India’s initial steps into the global space arena.


      - Developed by ISRO under the guidance of Dr. Vikram Sarabhai and Prof. U.R. Rao, Aryabhata weighed 360 kilograms. It had a 26-sided polyhedron design with a diameter of 1.4 meters, and its power was derived from 24 solar-panel-covered faces generating 46 watts.

      - The satellite’s primary mission was to conduct scientific experiments in Solar Physics, Aeronomy, and X-ray Astronomy. These studies contributed valuable data for ISRO's early research efforts despite technical setbacks.

Main Point :-   (i) Aryabhata made India the 11th country to launch a satellite into orbit. Although it faced a power failure after five days, it successfully transmitted critical data and stayed in orbit for nearly 17 years, re-entering Earth’s atmosphere on 11th February 1992.

      (ii) The satellite was named after the renowned ancient Indian mathematician and astronomer Aryabhata. Then Prime Minister Indira Gandhi selected the name from a shortlist that included Aryabhata, Mitra, and Jawahar.

(iii) Aryabhata laid the groundwork for India’s satellite technology and inspired major missions like Chandrayaan and Mangalyaan. Since 1975, ISRO has developed 131 satellites, with 55 currently operational, showcasing India's strong presence in global space exploration.

About Indian Space Research Organisation (ISRO)
Chairman : Dr. V. Narayanan
Headquarters Bengaluru, Karnataka
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ISRO Develops Indigenous Satellite Nozzle Divergent for PSLV, Reducing Import Costs by 90%.

In April 2025, ISRO achieved a major milestone by successfully developing and testing an indigenous nozzle divergent for the fourth stage (PS4) of the Polar Satellite Launch Vehicle (PSLV). This innovation is part of the Atmanirbhar Bharat (Self-Reliant India) initiative and marks a significant step towards reducing dependence on foreign components.


      - The new nozzle divergent is made using Stellite (KC20WN), a cobalt-based alloy comprising Chromium, Nickel, Tungsten, and Iron. It replaces the previously imported Columbium (C103) material, enhancing India’s self-reliance in advanced space hardware.


      - ISRO's tests confirmed that the Stellite-fabricated nozzle can withstand extremely high temperatures of up to 1150°C, maintaining its structural strength during intense operational conditions, crucial for the success of the PS4 stage.

     

Main Point :-   (i) The final hot test of the nozzle divergent was conducted for 665 seconds on 8 April 2025 at the ISRO Propulsion Complex (IPRC), Mahendragiri, Tamil Nadu. This test followed three successful qualification tests, ensuring full readiness for operational deployment.

      (ii) This development brings multiple benefits—a 90% cost reduction in nozzle procurement, greater self-reliance in space technology, and increased strategic independence by reducing India’s reliance on foreign suppliers for critical rocket components.

About ISRO
Chairperson : Dr V. Narayanan
Headquarters: Bengaluru
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"MoCA Drives Aviation Modernization Under PM Modi, Fueling India's Viksit Bharat @2047 Vision".

The Ministry of Civil Aviation (MoCA), under the visionary leadership of Prime Minister (PM) Narendra Modi, has propelled India’s aviation sector into a new era of growth, modernization, and global alignment.


      - This reflects the emergence of a robust aviation ecosystem, firmly aligned with the Government of India (GoI)’s mission of becoming a developed nation by 2047, under the vision of Viksit Bharat @2047.


      - Protection of Interest in Aircraft Objects Bill, 2025: Passed by both Houses of Parliament in April 2025, this landmark legislation aligns India’s aircraft leasing and financing regime with global norms under the Cape Town Convention, 2001. It strengthens the legal framework to boost investor confidence in India’s aviation finance sector.

      - Bharatiya Vayuyan Adhiniyam, 2024: Replacing the colonial-era Aircraft Act of 1934, this progressive legislation was passed in 2024 and came into force on January 01, 2025. It marks a major leap in regulatory modernization and streamlining of India’s aviation governance structure.

Main Point :-   (i) The Government of India (GoI) has laid the foundation stones for new terminal buildings at strategically important locations including Varanasi (Uttar Pradesh), Agra (Uttar Pradesh), Darbhanga (Bihar), and Bagdogra (West Bengal).

      (ii) Since 2014, out of 21 ‘in-principle’ approved projects, 12 Greenfield Airports have been operationalised, reinforcing regional connectivity and infrastructure expansion.

(iii) India witnessed a dramatic surge in domestic air travel, with 22 crore 81 lakh passengers in 2024, more than double the 10 crore 38 lakh passengers recorded over the 65-year period before 2014, highlighting the democratization of air travel across the country.

About MoCA
Officeholder: Murlidhar Mohol
Headquarters: New Delhi
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MSDE and Microsoft Join Hands to Launch "AI Careers for Women" Initiative.

In April 2025, the Ministry of Skill Development and Entrepreneurship (MSDE) signed a Memorandum of Understanding (MoU) with Microsoft Corporation, Inc., headquartered in Redmond, Washington, United States of America (USA). The partnership marks the launch of ‘AI Careers for Women’, a significant skilling initiative focused on empowering women enrolled in Higher Education Institutions (HEIs) to build careers in the field of Artificial Intelligence (AI).


      - The initiative is designed to equip women with industry-relevant AI skills, enabling their active participation in the digital economy. This collaboration aims to position women as key contributors to India’s innovation-driven growth and strengthen their role in shaping the country’s future tech ecosystem.


      - As part of this strategic collaboration, Microsoft will train 20,000 women through a 240-hour training curriculum under the AI Skilling and Innovation Framework for Women. This program is designed in alignment with the National Council for Vocational Education and Training (NCVET), based in New Delhi (Delhi), to ensure industry-relevant and globally recognized skill development.

      - To create a widespread impact, the program will set up 30 Centres of Excellence (CoEs) in women's colleges across six Indian states. These CoEs will serve as central hubs and will provide mentorship, resources, and support to an additional 150 spoke institutions located in Tier-II and Tier-III towns, thus expanding the reach of AI education and innovation to semi-urban and rural areas.

Main Point :-   (i) The implementation of this transformative program will be led by the Bengaluru (Karnataka)-based Edunet Foundation, a nonprofit organization. The foundation will collaborate closely with academic institutions, government agencies, corporates, and industry leaders to ensure a holistic ecosystem approach that promotes industry-relevant skills and economic empowerment for women in AI.

      (ii) This initiative also aims to reshape traditional learning by integrating AI training into credit-linked university curricula, in line with the National Education Policy (NEP). The program promotes a flexible, interdisciplinary, and future-ready education model, fostering an inclusive workforce equipped to thrive in the 21st-century digital economy.

(iii) With a strong emphasis on practical application and innovation, the program will provide access to AI certifications, internships, apprenticeships, fellowships, and career guidance. Special focus will be given to empowering women from rural areas, enabling them to innovate in the field of AI and significantly improve their economic and career prospects.

About Ministry of Skill Development and Entrepreneurship (MSDE)
Union Minister : Jayant Chaudhary
Founded: 2014
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Simone Biles and Mondo Duplantis Clinch Top Laureus World Sports Awards 2025 Honours.

On April 21, 2025, the Laureus World Sports Awards 2025 was held at the Palacio de Cibeles in Madrid, Spain, marking the 25th anniversary of the prestigious awards ceremony that honors the remarkable achievements of athletes from across the globe.


      - Awarded to Armand Gustav Duplantis (popularly known as Mondo Duplantis), a pole vaulter from Sweden, for his outstanding performances in athletics.


      - Conferred upon Simone Biles, a legendary gymnast from the United States of America (USA), recognizing her excellence and resilience in gymnastics.

     

Main Point :-   (i) Real Madrid Men’s Football Team (Spain) was honoured for their exceptional teamwork and achievements in international football.

      (ii) Awarded to Lamine Yamal, a rising football talent from Spain, acknowledging his breakthrough in the global sports arena.

(iii) Presented to Jiang Yuyan, a para swimmer from China, for her inspirational performances and accomplishments in para swimming.

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England’s Gus Atkinson, Jamie Smith, and Sophie Ecclestone Named Among Wisden’s Five Cricketers of the Year 2025.

In April 2025, the 2025 edition of the Wisden Cricketers' Almanack unveiled its prestigious list of Five Cricketers of the Year, recognizing outstanding contributions to the sport. The honorees include England's Gus Atkinson, Jamie Smith, and Sophie Ecclestone, along with Liam Dawson from Hampshire and Dan Worrall, the Australian-born cricketer representing Surrey, England.


      - Mitchell Santner of New Zealand received the Wisden Trophy 2024 for his exceptional match performance, claiming 13 wickets for 157 runs against India.


      - Indian stars Jasprit Jasbirsingh Bumrah and Smriti Mandhana were honoured as the world’s leading male and female cricketers for 2024, respectively, for their stellar displays on the international stage.

     

Main Point :-   (i) Nicholas Pooran, the explosive West Indies batter, was named the Leading T20 Player in the World.

      (ii) Quinn Rooney’s photograph, which captures Australia’s Nathan Lyon and nearly the entire Australian team appealing for an LBW (Leg Before Wicket) decision against Mohammed Siraj of India at the Melbourne Cricket Ground (MCG), was awarded the Wisden Photograph of the Year 2024.

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Amarjit Singh Dulat Unveils His Book Titled "The Chief Minister and the Spy".

In April 2025, Amarjit Singh Dulat, former chief of the Research and Analysis Wing (RAW), launched his latest book titled "The Chief Minister and the Spy" in New Delhi, Delhi. Published by Juggernaut Books, the book provides a personal and political narrative of Dr. Farooq Abdullah, the former Chief Minister of Jammu and Kashmir (J&K), through the lens of a top intelligence official.


      - Amarjit Singh Dulat, born in 1940, is a seasoned Indian bureaucrat, former spymaster, and served as the Special Director of the Intelligence Bureau (IB).


     

     

Main Point :-   (i) After retiring, he served as an Advisor on Jammu and Kashmir in the Prime Minister's Office (PMO) from 2000 to 2004.

      (ii) Dulat is also the author of the widely discussed book Kashmir: The Vajpayee Years (2015) and co-authored The Spy Chronicles: RAW, ISI and the Illusion of Peace (2018) with Asad Durrani, the former chief of Pakistan's Inter-Services Intelligence (ISI).

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International Mother Earth Day Observed on 22 April 2025.

In April 2025, the United Nations (UN) observes International Mother Earth Day, or Earth Day, on April 22 to highlight the interdependence between humans and the Earth’s ecosystems. This observance stresses the collective responsibility to promote harmony with nature, balancing economic, social, and environmental needs for the present and future generations.


      - Earth Day 2025 holds special significance as it aligns with the UN Decade on Ecosystem Restoration (2021-2030), a global initiative aimed at combating environmental degradation. The theme for Earth Day 2025 is "Our Power, Our Planet."


      - Establishment: Officially recognized in 2009 through UN General Assembly Resolution A/RES/63/278, introduced by Bolivia and supported by more than 50 member states.

     

Main Point :-   (i) The first official observance of the UN's International Mother Earth Day occurred on April 22, 2009.

      (ii) Earth Day was first proposed by American peace activist John McConnell during a 1969 UNESCO conference held in San Francisco, United States of America (USA). His vision aimed to dedicate a day to honor the Earth and the concept of peace. This idea laid the foundation for what would become a global environmental awareness movement.

(iii) The inaugural Earth Day was celebrated on April 22, 1970, and is recognized as the beginning of the modern environmental movement. In 2025, the world marks the 55th anniversary of Earth Day, reaffirming its long-standing commitment to environmental protection and sustainability.

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Jammu & Kashmir Launches 'e-SEHAT App' to Enhance Access to Digital Healthcare Services.

In April 2025, Omar Abdullah, the Chief Minister of the Union Territory of Jammu & Kashmir (J&K), launched the 'Electronic Solutions for Enabling Health Access Through Technology (e-SEHAT)' Application. This comprehensive digital healthcare platform is designed to enhance the accessibility and efficiency of medical services across the region.


      - The e-SEHAT App supports tele-diagnosis and remote healthcare, allowing patients to consult with doctors virtually. This feature is particularly beneficial for individuals in remote or rural areas where physical access to medical facilities is limited.


      - A robust hospital networking and referral system is integrated within the app. This allows patients to be quickly and efficiently referred to appropriate hospitals, especially in emergencies, ensuring prompt care and support.

      - The app also provides detailed information on government-sponsored health insurance schemes, such as the Pradhan Mantri Jan Arogya Yojana (PMJAY), Central Government Health Scheme (CGHS), and Ex-Servicemen Contributory Health Scheme (ECHS), helping users understand their benefits and entitlements.

Main Point :-   (i) Additionally, the e-SEHAT App plays a significant role in skill development and training. It offers modules on Basic Life Support (BLS) and Cardiopulmonary Resuscitation (CPR), vital for both healthcare workers and the general public.

      (ii) The app hosts Continuing Medical Education (CME) and training workshops for healthcare professionals to stay updated on the latest medical practices and innovations, ensuring better service delivery.

(iii) Overall, the launch of the e-SEHAT App marks a major step forward in digitizing healthcare in Jammu & Kashmir, bridging the urban-rural health divide, and empowering both providers and beneficiaries with accessible, reliable medical services.

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India Accelerates Cruise Tourism with 'Cruise Bharat Mission' to Boost River and Ocean Travel.

Cruise tourism is a nature-driven travel experience that explores India’s rivers, seas, and canals through themed journeys catering to all budgets. It enables safe and comfortable access to even remote destinations, enhancing inclusivity and ease of travel.


      - Cruise tourism in India encompasses four key segments: international ocean cruises; coastal and island cruises, including luxury yachts and smaller ships; cruises along National Waterways (NWs); and tourism centered on island, coastal, and riverbank assets.


      - The Cruise Bharat Mission (CBM) was launched by the Ministry of Ports, Shipping & Waterways (MoPSW) on September 30, 2024, from Mumbai Port, Maharashtra.

      - The mission aims to double cruise passenger traffic in India within 5 years (by 2029), boosting the nation’s cruise tourism sector.

Main Point :-   (i) The Government of India’s Maritime India Vision (MIV) 2030 aims to position India as a major global player in both ocean and river cruising. India’s cruise market is expected to grow 8-fold over the next decade, driven by rising demand and disposable income.

      (ii) The Inland Waterways Authority of India (IWAI), functioning under the MoPSW, is working to develop navigational channels on select waterways.

(iii) This includes installation of navigational aids and undertaking dredging operations (removal of sediments) to ensure smooth cruise navigation in NWs.

About Inland Waterways Authority of India (IWAI)
Chairman: Vijay Kumar
Headquarters: Noida, Uttar Pradesh (UP)
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India's DBT System Saves ₹3.48 Lakh Crore, Boosting Welfare Scheme Efficiency.

In April 2025, a new quantitative assessment by the New Delhi-based BlueKraft Digital Foundation revealed that India’s Direct Benefit Transfer (DBT) system has enabled cumulative savings of ₹3.48 lakh crore by reducing leakages in welfare delivery mechanisms.


      - The report, supported by the Ministry of Finance (MoF), shows that subsidy allocations dropped from 16% to 9% of total government expenditure since DBT implementation, demonstrating its effectiveness in streamlining public finances.


      - The findings highlight DBT’s transformative impact on public spending efficiency, better targeting of beneficiaries, and promotion of social inclusion across various sectors.

      - A core feature of the DBT system is the JAM Trinity—Jan Dhan bank accounts, Aadhaar IDs, and Mobile numbers—which ensures direct and secure fund transfers to beneficiaries. The assessment, based on data from 2009 to 2024, highlights DBT’s impact on enhancing budgetary efficiency, promoting subsidy rationalisation, and achieving better social welfare outcomes.

Main Point :-   (i) Key findings from the assessment reveal that during the Pre-DBT Era (2009-2013), subsidies accounted for 16% of total government expenditure, amounting to Rs. 2.1 lakh crore annually, but the system suffered from significant leakages.

      (ii) In contrast, the Post-DBT Era (2014-2024) saw a reduction in subsidy expenditure to 9% of total expenditure in 2023-24, with beneficiary coverage increasing dramatically by 16 times, from 11 crores to 176 crores. Additionally, there was a COVID-19 Outlier where a temporary spike in subsidies occurred during the 2020-21 fiscal year due to emergency fiscal measures.

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Union Minister Sarbananda Sonowal Inaugurates India’s Largest Cruise Terminal ‘Mumbai International Cruise Terminal (MICT)’ in Mumbai.

On April 21, 2025, Union Minister Sarbananda Sonowal from the Ministry of Ports, Shipping and Waterways (MoPSW), officially flagged off Cruise Operations from the Mumbai International Cruise Terminal (MICT). Located at Ballard Pier in Mumbai, Maharashtra, MICT is India’s largest and first world-class cruise terminal, developed to meet international standards.


      - The event also included the inauguration of several initiatives under the Green Port Initiative: the renovation of heritage buildings, the launch of the Shore-to-Ship Electric Supply system, and the opening of the Sagar Upvan Garden.


      - Additionally, Memoranda of Understanding (MoUs) worth ₹5,700 crores were signed to support infrastructure development at the upcoming Vadhavan Port.

     

Main Point :-   (i) The ceremony was attended by Union Minister of State (MoS) Shantanu Thakur (MoPSW), Sushil Kumar Singh (IRSME), Chairman of Mumbai Port Authority (MBPA), Adesh Titarmare, Deputy Chairman of MBPA, Unmesh Sharad Wagh, Chairman of Jawaharlal Nehru Port Authority (JNPA), and Dhruv Kotak, Managing Director of J.M. Baxi, among other key dignitaries.

      (ii) MICT has been built at a total cost of ₹556 crore as part of the Cruise Bharat Mission. The terminal was created to promote cruise tourism across India and is aligned with global benchmarks for design and functionality.

(iii) The project was developed through a Public-Private Partnership (PPP) model, with operational management of the terminal being handled by JM Baxi & Co. (Mumbai) and Ballard Pier Port Private Limited (Mumbai).

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India Joins Global League as 17th Nation to Set Up Athlete Passport Management Unit in New Delhi.

In April 2025, Union Minister Dr. Mansukh Mandaviya, from the Ministry of Youth Affairs & Sports (MYAS) and the Ministry of Labour & Employment (MoL&E), inaugurated the Athlete Passport Management Unit (APMU) at the National Dope Testing Laboratory (NDTL) in New Delhi, Delhi.


      - This milestone establishes India as the 17th country in the world to implement a dedicated system for tracking athletes' biological profiles over time, in accordance with the guidelines of the World Anti-Doping Agency (WADA).


      - Countries currently hosting APMU facilities include the United States of America (USA), China, Great Britain, Germany, France, Australia, Japan, Austria, Belgium, Canada, Italy, Norway, Poland, Qatar, Spain, and Switzerland.

      - The APMU functions as a specialized entity that oversees the Athlete Biological Passport (ABP) program.

Main Point :-   (i) The ABP program involves continuous monitoring of athletes' biological indicators, such as blood parameters and hormone levels, to identify possible doping practices without directly detecting banned substances.

      (ii) The launch of the APMU reflects India’s commitment to ensuring clean, fair, and transparent sporting practices.

(iii) The Athlete Biological Passport Operating Guidelines were introduced by WADA and have been in effect since 1 December 2009.

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RBI Permits Minors Aged 10 and Above to Operate Bank Accounts Independently.

In April 2025, Mumbai (Maharashtra)-based Reserve Bank of India (RBI) has issued revised directions regarding the opening and operation of deposit accounts for minors.


      - As per the RBI directions, minors aged 10 years and above are now permitted to independently open and operate their own savings and term deposit accounts, subject to terms and limits set by individual banks. These directions came into effect from April 21, 2025.


      - Banks including commercial banks, urban co-operative banks, state co-operative banks, and district central co-operative banks have been instructed by the RBI to frame new or amend existing policies to comply with the updated guidelines by July 01, 2025.

     

Main Point :-   (i) Banks are also allowed to offer additional banking facilities—such as internet banking, debit cards, and cheque book facilities—to minor accounts, depending on their risk management policies.

      (ii) RBI has permitted minors below the age of 10 to open accounts as well, only through their natural or legal guardians.

(iii) It has specifically clarified that such accounts can now also be opened with the mother as the guardian.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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Jharkhand Government and SBI Ink MoU to Offer Insurance Benefits to State Employees.

In April 2025, the Government of Jharkhand and Mumbai (Maharashtra)-based State Bank of India (SBI) signed a Memorandum of Understanding (MoU) to provide insurance and financial benefits to Jharkhand government employees with salary accounts in SBI.


      - The MoU was signed by Rajeshwari B, Special Secretary of the Finance Department, and Devesh Mittal, Deputy General Manager of SBI, in the presence of Hemant Soren, Chief Minister of Jharkhand, and Radha Krishana Kishore, Finance Minister of Jharkhand.


     

     

Main Point :-   (i) Employees will receive accidental insurance coverage of up to ₹1 crore in case of death or disability due to accidents.

      (ii) Additional health and life insurance benefits will be provided at no extra cost.

(iii) Earlier, about 70,000 police personnel were covered under similar benefits (as of September 2024). With this new MoU, an additional 1.05 lakh employees will be included, taking the total coverage to approximately 1.75 lakh state government employees.

About SBI
Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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SEBI Extends Automated Trading Window Framework to Include Immediate Relatives of Designated Persons (DPs).

In April 2025, Mumbai (Maharashtra)-based Securities and Exchange Board of India (SEBI) has decided to extend its automated trading window closure mechanism to include immediate relatives of Designated Persons (DPs) in listed companies.This decision has been taken ahead of the declaration of financial results to further strengthen compliance with insider trading regulations.


      - The move aims to prevent inadvertent violations by ensuring that individuals who may have access to Unpublished Price-Sensitive Information (UPSI)—such as quarterly financial results—are restricted from trading during specific periods.


      - Designated Depository (DD) must provide portal access to listed companies, which are mandated to upload key details—like PAN, names, and demat account numbers—of Designated Persons (DPs) and their immediate relatives. Depositories must also submit quarterly reports to SEBI in a specified format.

     

Main Point :-   (i) The implementation of the PAN-based trading freeze mechanism will be carried out in two phases—Phase-I will begin on July 01, 2025, for the top 500 listed companies (based on market capitalization), while Phase-II will cover the remaining listed companies starting from October 01, 2025. Listed companies are required to confirm the submitted data at least two trading days (T-2) before the trading window closure date. Following this, the Designated Depository (DD) will forward the verified information to stock exchanges and depositories at least one day prior to the closure period.

      (ii) Depositories will issue standardized formats and submission timelines to maintain consistency in reporting and compliance.

(iii) Any discrepancies or disputes in the process will be resolved through coordination among depositories, stock exchanges, and listed companies, as per SEBI.

About SEBI
Chairperson: Tuhin Kanta Pandey
Headquarters: Bengaluru
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AU Small Finance Bank Introduces Personalized Concierge Services for Premium Customers.

In April 2025, Jaipur (Rajasthan)-based AU Small Finance Bank Limited (AU SFB), India’s largest small finance bank, has launched ‘Concierge Services’ for its premium banking programs — ‘AU ivy’ and ‘AU Eternity’.


      - This initiative is designed to offer High-Net-worth Individuals (HNIs) personalized lifestyle assistance that goes beyond traditional banking services, enhancing their overall banking experience.


      - AU Small Finance Bank’s Concierge Services offer a suite of personalized, premium solutions under its elite programs — ‘AU ivy’ and ‘AU Eternity’ — catering to High-Net-worth Individuals (HNIs) seeking beyond-banking experiences.

      - The service includes international travel planning, airport lounge access, and visa support, making travel smoother and more luxurious for premium clients.

Main Point :-   (i) Concierge services help in exclusive event organization, premium stadium seating, dining reservations, personalized shopping experiences, and even golf bookings for an elevated lifestyle.

      (ii) Clients also get access to business-related assistance such as conference updates, courier services, and other professional support solutions tailored to their needs.

(iii) To avail AU SFB’s Concierge Services, clients under the AU ivy program must maintain an average quarterly balance of ₹25 lakh in their savings account or have a Total Relationship Value (TRV) of ₹2 crore at the group level. Meanwhile, the AU Eternity program is tailored for individuals seeking high-interest returns and exclusive luxury privileges, with detailed eligibility criteria available on the official AU SFB website.

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Telangana Partners with Japanese Companies to Develop Eco Town in Hyderabad.

In April 2025, Anumula Revanth Reddy, Chief Minister (CM) of Telangana, signed Letters of Intent (LoIs) with multiple Japanese companies to develop an ‘Eco Town’ in Hyderabad, Telangana. This project emphasizes recycling, waste management, environmental restoration, and supports the vision of a circular economy.


      - The agreements were signed during CM Revanth Reddy’s official visit to Kitakyushu, Japan, held from April 16 to 22, 2025.


      - During this visit, the CM also inaugurated the Telangana Pavilion at the Osaka World Expo in Kansai, Japan, making Telangana the first Indian state to participate in the World Expo 2025.

     

Main Point :-   (i) The Letters of Intent (LoIs) were signed with several renowned Japanese companies to facilitate the development of the proposed 'Eco Town' in Hyderabad. The companies involved include EX Research Institute Limited, P9 Limited Liability Company (LLC), Nippon Steel Engineering Co., Ltd., New Chemical Trading Co., Ltd., and Amita Holdings Co., Ltd..

      (ii) These collaborations aim to strengthen efforts in environmental restoration, recycling, and waste management through innovative Japanese technologies and practices.

(iii) In addition to these agreements, Toshiba Transmission Distribution Systems (India) Pvt. Ltd. (TTDI), a wholly-owned subsidiary of Toshiba Corporation (Japan), announced a major investment of ₹562 crore in Telangana. This investment will be used to set up a new manufacturing facility for surge arresters and expand existing infrastructure for transformers and gas-insulated switchgear at the company’s plant located in Rudraram, Telangana.

About Japan
Prime Minister (PM) : Shigeru Ishiba
Capital : Tokyo
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Fitch Ratings Revises India's FY26 GDP Growth Forecast Downward to 6.4%.

In April 2025, Fitch Ratings, headquartered in New York (USA) and London (UK), revised India's Gross Domestic Product (GDP) growth forecast for the fiscal year 2025-26 (FY26) downward by 10 basis points (bps) to 6.4%, down from the earlier projection of 6.5%, due to escalating global trade tensions.


      - The forecast for FY2024-25 (FY25) has also been trimmed by 10 bps to 6.2%, while the estimate for FY2026-27 (FY27) remains unchanged at 6.3%.


      - The downward revision reflects rising risks from a "severe escalation" in global trade conflicts, especially amid uncertainty surrounding US trade policy, which has negatively impacted business investments and equity markets.

      - Fitch also downgraded its global growth forecast for 2025 by 0.4 percentage points, with both China and the United States seeing a 0.5 percentage point cut in their respective growth projections.

Main Point :-   (i) Global economic growth is now projected to stay below 2% in 2025, marking the weakest pace since the 2009 financial crisis, excluding the pandemic years.

      (ii) In February 2025, Moody’s Ratings also revised India’s 2025 GDP growth forecast to 5.5-6.5%, down from 6.6%.

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Tata Sons' Agratas Secures USD 990.79 Million Loan to Develop UK’s Largest Battery Manufacturing Plant.

In April 2025, Mumbai (Maharashtra)-based Tata Sons Private Limited, through its wholly owned subsidiary Agratas Energy Storage Solutions Private Limited, secured a 750 million Euros (approximately USD 990.79 million) two-year bridge loan to construct the United Kingdom (UK)'s largest battery manufacturing facility.


      - This loan marks a significant step in Tata Group’s broader 4 billion Euros investment aimed at boosting Electric Vehicle (EV) battery production in the UK. The initiative aligns with Tata’s strategy to promote sustainable energy solutions and reinforce the UK's automotive industry.


      - This bridge loan, among the top three foreign currency borrowings by Indian companies in 2025, was structured with participation from approximately 15 banks. It features a spread over the Sterling Overnight Index Average (SONIA).

      - The battery manufacturing facility will be located at the Gravity Smart Campus in Somerset, UK, and is scheduled to begin production by 2026.

Main Point :-   (i) The facility is expected to contribute nearly 50% of the UK’s projected battery manufacturing capacity for the automotive sector by the early 2030s.

      (ii) Jaguar Land Rover, a Tata Motors subsidiary, is anticipated to be the anchor customer. The plant will significantly aid the UK’s transition to electric mobility.

(iii) A bridge loan is a short-term financing option used to bridge the gap between two major financial events, such as buying a new asset before selling an existing one.

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C-DOT and STL Achieve India’s First Quantum Key Distribution Over Multi-Core Fibre (MCF) Network.

In April 2025, the Centre for Development of Telematics (C-DOT), based in New Delhi (Delhi) and functioning under the Department of Telecommunications (DoT), Ministry of Communications (MoC), in collaboration with Pune (Maharashtra)-based Sterlite Technologies Limited (STL), successfully conducted India’s first Quantum Key Distribution (QKD) transmission over a 4-core Multi-Core Fibre (MCF) network.


      - Both C-DOT and STL reaffirmed their commitment to strengthening India’s leadership in quantum communication and optical networking technologies on the global stage.


      - A stable QKD link was established over a distance of more than 100 kilometres, demonstrating reliability even under heavy data traffic. One core transmitted quantum signals, while the remaining three cores handled high-speed classical data.

      - C-DOT developed and deployed industry-grade QKD systems, which have been approved by the Telecommunication Engineering Centre (TEC) under the DoT.

Main Point :-   (i) The test validated the coexistence of quantum and classical communication on the same optical fibre, allowing for secure and cost-efficient data transmission.

      (ii) Quantum Key Distribution (QKD) is a method of secure encryption key exchange based on quantum mechanics principles.

(iii) Multi-Core Fibre (MCF) is an advanced optical fibre featuring multiple cores (channels) within a single cladding, enabling concurrent data transmission through multiple paths.

About Sterlite Technologies Limited (STL)
Managing Director (MD): Ankit Agarwal
Headquarters: Pune, Maharashtra
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RBI Revokes Banking Licence of Shankarrao Mohite Patil Sahakari Bank.

In April 2025, the Reserve Bank of India (RBI) canceled the Certificate of Registration (CoR) of Shankarrao Mohite Patil Sahakari Bank Limited, located in Indapur, Maharashtra.The cancellation became effective from the close of business on April 11, 2025, thereby prohibiting the bank from conducting any banking activities, including accepting or repaying deposits.


      - The bank failed to maintain adequate capital and lacked earning potential, violating regulatory requirements under Section 11(1) and Section 22(3)(d) of the Banking Regulation Act, 1949.


      - The bank did not comply with the provisions of Sections 22(3)(a), (b), (c), (d), and (e) of the Banking Regulation Act, 1949.

      - RBI found the bank’s continued operations detrimental to depositors, as it was unable to repay its depositors in full.

Main Point :-   (i) The Deposit Insurance and Credit Guarantee Corporation (DICGC) has disbursed ₹47.89 crore to eligible depositors under Section 18A of the DICGC Act, 1961.

      (ii) Depositors are insured for up to ₹5 lakh per account as per DICGC norms.

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Padma Shri Awardee and Renowned Cardiologist Dr. Mathew Samuel Kalarickal Passes Away.

In April 2025, Padma Shri awardee Dr. Mathew Samuel Kalarickal, a renowned cardiologist and widely known as the 'Father of Angioplasty' in India, passed away at the age of 77 in Chennai. He was born on January 6, 1948, in Kottayam, Kerala. Dr. Kalarickal was honored with the Padma Shri, India’s fourth-highest civilian award, in 2000 for his significant contributions to the field of medicine.


      - In 1986, Dr. Kalarickal performed India's first coronary angioplasty, a pioneering achievement in interventional cardiology.


      - He was instrumental in setting up angioplasty facilities across various countries in the Asia-Pacific region, including Pakistan, Bangladesh, Sri Lanka, as well as multiple nations in the Middle East and Southeast Asia.

      - He founded the National Angioplasty Registry of India (NARI) to promote standardization in cardiac procedures and foster innovation, and also served as the President of the Asian-Pacific Society of Interventional Cardiology from 1995 to 1997.

Main Point :-   (i) Dr. Mathew Samuel Kalarickal received the prestigious Dr. B.C. Roy Award in 1996 for excellence in the field of medicine.

      (ii) In 2003, Tamil Nadu Dr. M.G.R. Medical University in Chennai conferred upon him the honorary degree of Doctor of Science (Honoris Causa).

(iii) He was also recognized with the "Rashtriya Samman" in 2000, awarded to top taxpayers in the country.

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Indian Air Force (IAF) Joins Multinational 'Desert Flag-10' Exercise in UAE.

In April 2025, a frontline contingent of the Indian Air Force (IAF) arrived at Al Dhafra Air Base, United Arab Emirates (UAE), to take part in 'Exercise Desert Flag-10', a prestigious multinational air combat exercise organized by the UAE Air Force. The exercise is scheduled to take place from April 21 to May 8, 2025.


      - Desert Flag is an annual multinational large-force employment warfare exercise hosted by the UAE Air Force, with its inaugural edition held in 2011. The Indian Air Force (IAF) participated in the exercise for the first time in 2021.


      - Exercise Desert Flag-10, the 10th edition of this premier multinational aerial warfare exercise, is designed to enhance operational capabilities, interoperability, and strategic cooperation among participating nations. The 2025 edition includes air forces from 12 countries: India, Australia, Bahrain, France, Germany, Qatar, Saudi Arabia, the Republic of Korea, Turkey, the United Kingdom (UK), the United States of America (USA), and the host nation UAE.

      - This exercise aims to foster better coordination and joint operations, allowing air forces from diverse nations to refine their combat techniques and share valuable insights, strengthening global defense partnerships.

Main Point :-   (i) India’s participation in Exercise Desert Flag-10 involves the deployment of MiG-29 and Jaguar fighter aircraft from the Indian Air Force (IAF). The primary objectives of India’s involvement include conducting complex and diverse fighter engagements in a multinational environment, exchanging operational knowledge and mission planning strategies with global air forces, and enhancing interoperability. Additionally, the exercise provides an opportunity to build mutual trust with partner nations.

      (ii) India's strong defence cooperation with the UAE is highlighted through regular engagements such as annual Defence Dialogue and the Joint Defence Cooperation Committee (JDCC). This collaboration also includes naval and military training exchanges, along with regular port calls, strengthening the defense ties between the two nations.

(iii) To facilitate deeper defence engagements, India has posted a resident Defence Adviser (DA) at the Indian Embassy in UAE since March 2013. These efforts align with the shared vision of Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan to deepen defence, energy, and security cooperation between India and the UAE.

About Indian Air Force (IAF)
Chief of the Air Staff(CAS) : Air Chief Marshal Amar Preet Singh
Headquarters: New Delhi
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Bajaj Allianz Life Insurance Launches ‘Superwoman Term Plan’ Exclusively for Women.

In April 2025, Pune (Maharashtra)-based Bajaj Allianz Life Insurance launched a new women-centric term insurance product called Superwoman Term (SWT). This exclusive offering is designed to provide comprehensive financial protection, health benefits, and child care support for women.


      - The SWT plan covers 60 critical illnesses, including breast, cervix, and ovarian cancers, and offers a lump-sum payout to nominees in case of the policyholder’s demise.


     

     

Main Point :-   (i) The product includes complimentary Health Management Services (HMS) worth Rs 36,500 per year, covering regular health check-ups, OPD consultations, pregnancy-related support, and nutrition counseling.

      (ii) As of March 31, 2024, the company reported a Claim Settlement Ratio (CSR) of 99.23% and a solvency ratio of 432%, highlighting its financial strength and reliability.

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India Observes National Civil Services Day 2025 on April 21.

National Civil Services Day is observed annually across India on April 21 to recognize and celebrate the crucial role of civil servants in governance and the nation’s overall development.


      - April 21, 2025, marks the 17th National Civil Services Day observance.


      - The first Civil Services Day was inaugurated in 2006 by then Prime Minister Dr. Manmohan Singh at Vigyan Bhawan, New Delhi.

      - Since then, the day has been commemorated each year with conferences, award ceremonies, and dialogues between senior civil servants and government leaders.

Main Point :-   (i) The 2025 Civil Services Day was organized as a full-day conference at Vigyan Bhawan, New Delhi. The event brought together top civil servants, government officials, and dignitaries to discuss public administration reforms and governance strategies.

      (ii) One of the key highlights of the event was the presentation of the Prime Minister’s Awards for Excellence in Public Administration 2025. These awards recognize outstanding innovations, initiatives, and reforms carried out by various government departments and officers across the country.

(iii) During the event, Dr. Jitendra Singh, Union Minister of State (Independent Charge) for the Ministry of Science & Technology (MoS&T) and the Ministry of Personnel, Public Grievances and Pensions (MoPPG&P), shared that the IAS 2023 batch includes 74 women officers, the highest number to date, accounting for 41% of the total 180 officers in the batch.

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MoL&E Partners with Swiggy to Enhance Gig Economy Employment Opportunities through NCS Portal.

In April 2025, the Ministry of Labour & Employment (MoL&E) signed a Memorandum of Understanding (MoU) with Swiggy Limited (formerly Bundi Technologies Pvt. Ltd.), based in Bengaluru, Karnataka, to create more employment opportunities in India’s gig and logistics sector through the National Career Service (NCS) portal.


      - The MoU was signed in New Delhi, with the presence of Union Minister Dr. Mansukh Mandaviya (MoL&E) and Union Minister of State (MoS) Shobha Karandlaje (MoL&E).


      - This partnership is expected to create over 12 lakh job opportunities within the next 2-3 years through the NCS portal.

      - Swiggy will regularly post verified gig and delivery job opportunities on the NCS portal and conduct hiring processes through it, with API-based integration ensuring real-time job postings and seamless application tracking for users.

Main Point :-   (i) The collaboration will focus on inclusive hiring, with a special emphasis on providing employment opportunities for youth, women, and individuals seeking flexible work.

      (ii) The partnership will also support structured onboarding, digital empowerment, and enhance awareness about worker welfare schemes.

(iii) As of January 31, 2025, the NCS portal has over 1.25 crore active job seekers and 40 lakh registered employers.

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Central Railway Introduced India’s First Onboard ATM Service on Panchavati Express.

In April 2025, the Central Railway (CR), headquartered in Mumbai, Maharashtra, in collaboration with the Pune-based Bank of Maharashtra (BoM), recently launched India’s first onboard Automated Teller Machine (ATM) on the Mumbai-Manmad Panchavati Express.


      - The initiative was introduced under the New, Innovative Non-Fare Revenue Ideas Scheme (NINFRIS) to enhance passenger convenience and increase Non-Fare Revenue (NFR).


      - The ATM has been installed in an air-conditioned (AC) coach of the Panchavati Express, utilizing a space previously occupied by a temporary pantry.

     

Main Point :-   (i) The train operates daily between Mumbai’s Chhatrapati Shivaji Maharaj Terminus (CSMT) and Manmad Junction in Nashik district, Maharashtra, covering a journey of approximately 4 hours and 35 minutes.

      (ii) The initiative focuses on generating non-fare revenue while offering a practical service to passengers, particularly benefiting senior citizens, women, and those in need of emergency cash during travel.

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ICIMOD 2025 Report Highlights Decline in Snow Persistence Across Ganga, Indus & Brahmaputra River Basins.

In April 2025, the Kathmandu (Nepal)-based International Centre for Integrated Mountain Development (ICIMOD) released the HKH Snow Update Report 2025, highlighting a significant decline in snow persistence across the Ganga, Indus, and Brahmaputra river basins in the Indian subcontinent.


      - The report is based on a 23-year time series (2003–2025) analysis of basin-scale snow persistence during the November to March snow seasons. The Hindu Kush Himalaya (HKH) region, which sustains these major rivers, recorded its third consecutive below-normal snow year in 2025.


      - According to the report, snow persistence was 23.6% below normal, marking the lowest level in the past 23 years. This decline poses serious concerns for water availability in the region.

      - Snow Persistence refers to the number of days snow remains on the ground after snowfall. It plays a critical role in maintaining the water supply, river flow, and ecological balance in snow-fed regions like the HKH.

Main Point :-   (i) The HKH Snow Update Report 2025 reveals alarming trends in snow persistence across major South Asian river basins. In the Ganga Basin, snow persistence peaked at +30.2% in 2015 but sharply declined to a 23-year low of just 24.1% in 2025, posing threats to early-summer river flows. Similarly, the Indus Basin, which saw a peak of +19.5% in 2020, experienced a drastic drop to -24.5% in 2024 and further plummeted to -27.9% in 2025, marking its lowest in two decades.

      (ii) In the Brahmaputra Basin, snow persistence that peaked at +27.7% in 2019 steadily declined to 27.9% in 2025. This trend raises concerns over the region’s water-dependent sectors like hydropower generation and agriculture. Meanwhile, the Tibetan Plateau, known as the source of many North Indian rivers, saw snow levels plunge from a significant +92.4% in 2022 to a worrying -29.1% in 2025, highlighting its growing climate vulnerability.

(iii) Other regional basins have also shown sharp reductions. The Mekong Basin recorded the most severe drop at -51.9%, closely followed by the Salween Basin at -48.3%. The Yangtze River Basin (Vangtze) also showed a notable decline at -26.3%. These findings underscore the regional scale of snow loss and its potential implications for water security, agriculture, and ecosystems across Asia.

About International Centre for Integrated Mountain Development
Director General (DG) : Pema Gyamtsho (Bhutan)
Headquarters : Kathmandu, Nepal
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"UNESCO's 2025 Report Reveals Only 60% of Countries Have Food and Beverage Regulations in Schools, Highlighting Health Concerns".

In April 2025, the Paris (France)-based United Nations Educational, Scientific and Cultural Organisation (UNESCO) released its latest Global Education Monitoring (GEM) report, revealing that only 60% of countries have implemented legislations or standards regulating food and beverages in schools. This finding raises concerns about the global commitment to ensuring student health and well-being.


      - The report, which focuses on the importance of nutrition in education, was released in partnership with the Research Consortium for School Health and Nutrition.


      - It is also supported by the London School of Hygiene and Tropical Medicine under the School Meal Coalition, highlighting the ongoing efforts to promote healthy eating in schools worldwide.

      - According to the UNESCO Global Education Monitoring (GEM) report, only 93 out of 187 countries have legislation, compulsory standards, or norms regulating school food and beverages. It was further revealed that only 29% of these countries have measures to restrict food and beverage marketing in schools.

Main Point :-   (i) The report showed that in 30 low-and middle-income countries (LMICs), food and nutrition education in schools is mainly integrated through extracurricular activities or project-based initiatives rather than as a standalone subject across the curriculum.

      (ii) The report highlighted that only 3 out of 28 countries regularly assess changes in attitudes, perceptions, knowledge, and practices related to food and nutrition. It also noted that 72% of countries have some restrictions on food marketing on school grounds, while 52% have national-level restrictions on food permitted near schools. This indicates a need for more comprehensive and consistent policies to promote better student health worldwide.

(iii) India's school meal program, now called PM-POSHAN, was nationalized in 2001 after a Supreme Court order, showing that children who received meals throughout primary school scored 18% higher in reading and 9% higher in math. Tamil Nadu, which pioneered school meals in 1925, introduced a breakfast program in 2022, increasing attendance from 60-70% to 90-95%.

About UNESCO
Director-General: Audrey Azoulay
Headquarters: Paris, France
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Japan to Provide Shinkansen E5 and E3 Series Trains for India’s Bullet Train Project.

In April 2025, the Government of Japan announced the donation of two Shinkansen train sets, 'E5' and 'E3' series, to India. These high-speed trains will support the testing and inspection of India’s first bullet train project, the Mumbai-Ahmedabad High-Speed Rail Corridor (MAHSRC).


      - The trains, scheduled to be delivered in early 2026, will be equipped with specialized inspection tools to gather vital operational data, particularly focused on India’s environmental conditions such as high temperatures and dust.


      - Shinkansen refers to Japan’s renowned high-speed rail technology.

      - In 2016, Prime Minister Narendra Modi and former Japanese PM Shinzo Abe signed an agreement to manufacture Shinkansen trains in India under the "Make in India" initiative, facilitating the transfer of Japanese high-speed rail technology to India.

Main Point :-   (i) The Mumbai-Ahmedabad High-Speed Rail Corridor (MAHSRC) is being developed by the National High-Speed Rail Corporation Limited (NHSRCL), a subsidiary of Indian Railways. Once completed, the corridor will enable bullet trains to run at speeds of up to 320 km/h, marking India’s entry into high-speed rail infrastructure.

      (ii) The donated Shinkansen trains include the E5 and E3 series. The E5 Series, introduced by East Japan Railway Company in 2011, is known for its aerodynamic design, advanced safety, and superior ride quality. The E3 Series, an older model used for mini-shinkansen services, is recognized for its efficient performance and reliability.

(iii) The India-Japan collaboration stems from an agreement signed in 2016 between PM Narendra Modi and former Japanese PM Shinzo Abe, promoting high-speed rail technology transfer through the "Make in India" initiative. The trial data from the E5 and E3 series will help in the future indigenous production of the E10 (Alfa-X) series trains, capable of reaching speeds up to 400 km/h. The project is financially supported by around 80% low-interest yen loans from the Japanese government, and negotiations are underway for further loan frameworks to introduce the E10 trains.

About Japan
Prime minister: Shigeru Ishiba
Capital: Tokyo
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Union Finance Minister Nirmala Sitharaman Unveils BSE Coin, Logo, and Index to Mark 150th Anniversary of BSE.

On April 17, 2025, Union Finance Minister Nirmala Sitharaman unveiled a Rs 150 commemorative coin to celebrate 150 years of the Bombay Stock Exchange (BSE) at the Jio World Convention Centre in Mumbai, Maharashtra. BSE, Asia's oldest stock exchange, also saw the launch of the BSE@150 Logo and the BSE 150 Index, a new benchmark index designed to monitor the performance of the top 150 listed companies based on market capitalization and liquidity.


      - Union Minister of State Pankaj Chaudhary and Tuhin Kanta Pandey, Chairman of the Securities and Exchange Board of India (SEBI), were present at the event.


     

     

Main Point :-   (i) During her address, the Union Minister praised BSE's technological advancements and its critical role in India's economic growth, emphasizing that BSE processes orders worth Rs 1,500 crore daily, highlighting its seamless integration with cutting-edge technology.

      (ii) Additionally, the market capitalization of BSE has reached Rs 400 lakh crore, positioning it among the top stock exchanges in the world.

About BSE
Managing Director and CEO: Sundararaman Ramamurthy
Headquarter : Mumbai
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PB Fintech Receives RBI Approval to Operate as an Online Payment Aggregator (PA).

In April 2025, the Reserve Bank of India (RBI) granted in-principle authorisation to PB Pay Private Limited, a wholly owned subsidiary of Gurugram (Haryana)-based PB Fintech Limited, to operate as an Online Payment Aggregator (PA) under the Payment and Settlement Systems Act, 2007.


      - This approval enables PB Pay to enter the digital payments ecosystem, providing payment processing services and competing with existing players like Razorpay, Cashfree, and CCAvenue.


     

     

Main Point :-   (i) In March 2024, PB Fintech's board approved the incorporation of PB Pay Private Limited to carry out domestic and cross-border payment aggregation services, supporting merchants through both offline and digital payment infrastructure.

      (ii) The company was incorporated in April 2024 with a proposed authorised share capital of Rs 50 crore and a paid-up share capital of Rs 27 crore.

(iii) The RBI introduced the Payment Aggregator (PA) framework in March 2020, requiring entities to obtain a license to onboard merchants and offer digital payment acceptance services.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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SEBI Grants Approval to Capitalmind Financial Services to Launch Mutual Fund Operations.

In April 2025, Bengaluru (Karnataka)-based Capitalmind Financial Services, founded by Deepak Shenoy, received approval from the Securities and Exchange Board of India (SEBI), headquartered in Mumbai (Maharashtra), to commence operations as Capitalmind Mutual Fund under Capitalmind Asset Management Private Limited (Capitalmind AMC).


      - This approval enables Capitalmind to expand its financial offerings beyond Portfolio Management Services (PMS) and Alternative Investment Funds (AIF).


     

     

Main Point :-   (i) Capitalmind AMC plans to launch actively managed equity schemes based on proven quantitative models like Adaptive Momentum and Surge India, which have shown consistent post-fee performance over the past five years.

      (ii) Currently, the firm manages over Rs 2,200 crore in assets under management (AUM) for more than 1,400 clients, maintaining a 98% annual client retention rate.

About SEBI
Chairperson: Tuhin Kanta Pandey
Headquarter : Mumbai
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India’s Retail Inflation Falls to 3.34% in March 2025, Lowest in Over 5 Years.

In April 2025, India’s retail inflation, as measured by the Consumer Price Index (CPI), fell to 3.34% in March 2025, marking the lowest inflation rate in over five years, since August 2019. The decline from 3.61% in February 2025 is largely due to a substantial reduction in food prices, particularly vegetables, eggs, and pulses.


      - India has witnessed a steady fall in inflation over the last three financial years (FY), easing from 6.7% in FY23, to 5.4% in FY24, and further to 4.6% in FY25, reflecting sustained disinflationary momentum.


      - In March 2025, food inflation dropped to 2.69%, down from 3.75% in February, marking the lowest level since November 2021. Urban food inflation stood at 2.48%, while rural areas recorded 2.82%, reflecting an overall cooling of food prices.

      - Core inflation, which excludes food and fuel components, edged up to 4.1%. This increase was mainly driven by a rise in costs related to gold, transportation, and education, indicating price pressures in essential services.

Main Point :-   (i) India’s wholesale price inflation (WPI) also eased, falling to a six-month low of 2.05%. This decline points to a broader disinflationary trend in the economy, suggesting price stability across multiple sectors.

      (ii) Among items with the highest year-on-year inflation in March 2025, the top five were: coconut oil (56.81%), coconut (42.05%), gold (34.09%), silver (31.57%), and grapes (25.55%).

(iii) On the other hand, the steepest decline in prices was seen in: ginger (-38.11%), tomato (-34.96%), cauliflower (-25.99%), jeera (-25.86%), and garlic (-25.22%), showing relief in essential kitchen items.

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World Trade Organization (WTO) Forecasts 0.2% Decline in Global Goods Trade for 2025.

In April 2025, the Geneva (Switzerland)-based World Trade Organization (WTO) released its latest Global Trade Outlook and Statistics report, forecasting a 0.2% decline in global merchandise trade volume for 2025 under current tariff and policy conditions. This marks a sharp downward revision from the 3.0% growth forecast made in October 2024, reflecting growing trade tensions, tariff hikes, and policy uncertainty across regions.


      - The global commercial services trade is expected to grow at a slower rate of 4.0% in 2025, down from previous projections, due to subdued demand and policy frictions.


      - North America is expected to witness the sharpest contraction, with exports declining by 12.6% and imports falling by 9.6%, dragging down global trade growth by 1.7 percentage points.

      - Asia is projected to see modest growth in both exports and imports at 1.6%, while Europe anticipates 1.0% growth in exports and 1.9% in imports, reflecting a mixed regional recovery.

Main Point :-   (i) The imposition of reciprocal tariffs is estimated to reduce global trade growth by 0.6 percentage points, suggesting a significant impact of protectionist measures.

      (ii) Trade policy uncertainty could potentially further depress global trade growth by 0.8 percentage points, underlining the importance of stable international trade regulations.

About World Trade Organization (WTO)
Director-General: Ngozi Okonjo-Iweala
Headquarters: Geneva, Switzerland
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IISR Unveils New Light-Colored Turmeric Variety 'IISR Surya'.

In April 2025, the Indian Council of Agricultural Research (ICAR)-Indian Institute of Spices Research (IISR), based in Kozhikode (Kerala), developed a new light-coloured turmeric variety named 'IISR Surya'. This new variety features a light-coloured rhizome designed to meet the specific requirements of the modern powdering (masala) industry.


      - The new variety has a pleasant aroma, expected to benefit farmers significantly, particularly in the production of high-quality turmeric powder.


      - It is a high-yielding variety of turmeric, offering a 20% to 30% increase in yield compared to existing light-coloured local varieties. It can yield up to a maximum of 41 tonnes per hectare.

     

Main Point :-   The turmeric contains curcumin content in the range of 2% to 3%, on par with other light-coloured turmeric varieties.

     

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Pope Francis, First Latin American Head of the Roman Catholic Church, Passes Away.

In April 2025, Pope Francis, the first Latin American leader of the Roman Catholic Church, passed away at the age of 88 in Vatican City. Born Jorge Mario Bergoglio on December 17, 1936, in Buenos Aires, Argentina, he was the first non-European pope in over 1,000 years and the first Jesuit pope.


      - He also became the first to adopt the name Francis, in honor of Saint Francis of Assisi.


      - He was ordained a Jesuit priest in 1969 and later served as the Provincial Superior of the Jesuits in Argentina from 1973 to 1979.

     

Main Point :-   (i) In 1992, he was appointed Auxiliary Bishop of Buenos Aires and became Archbishop in 1998. He was elevated to the rank of cardinal by Pope John Paul II in 2001.

      (ii) In 2013, following the resignation of Pope Benedict XVI, he was elected Pope at the age of 76.

(iii) As Pope, he introduced several Vatican reforms, promoting transparency, financial accountability, and inclusivity. He was known for appointing diverse leaders to high-ranking roles within the Church.

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United Nations Celebrates Chinese Language Day on 20 April 2025.

The United Nations (UN) Chinese Language Day is annually observed across the globe on April 20 to promote multilingualism, cultural diversity, and the equal use of the six official UN languages.


      - The theme for 2025, "Chinese Language: A Gift Across Time and Space", emphasizes the deep historical and cultural impact of the Chinese language throughout centuries.


     

     

Main Point :-   (i) Established in 2010 by the UN Department of Global Communications (DGC) (formerly the Department of Public Information), the day was initiated to celebrate the richness of Chinese heritage and to encourage its broader use across all UN duty stations.

      (ii) The first Chinese Language Day was observed on 12 November 2010. However, from 2011 onward, the celebration is held annually on April 20, to coincide with Guyu, a solar term in the traditional Chinese calendar, and to honour Cangjie, the legendary inventor of Chinese characters.

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World Celebrates Creativity and Innovation Day on April 21, 2025.

The United Nations (UN) annually observes World Creativity and Innovation Day (WCID) on 21 April to raise global awareness about the role of creativity and innovation in promoting human development and achieving sustainable growth.


      - World Creativity and Innovation Week (WCIW) is celebrated from 15th to 21st April 2025, aligning with the birth anniversary of Leonardo da Vinci, who was born on 15th April. This week-long celebration recognizes the importance of creativity and innovation in driving progress and honors one of history’s greatest creative minds.


     

     

Main Point :-   (i) On 27 April 2017, the United Nations General Assembly (UNGA) adopted Resolution A/RES/71/284, officially designating 21 April as World Creativity and Innovation Day.

      (ii) WCID was first celebrated on 21 April 2018 following its UN recognition.

(iii) The day is observed in 50+ countries, including India, the United States of America (USA), and European Union (EU) nations.

About the United Nations (UN)
Secretary-General: António Guterres
Headquarters: New York, United States of America (USA)
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Madhya Pradesh Set to Launch 'Krishak Kalyan Mission' Aimed at Enhancing Farmer Incomes.

In April 2025, the State Cabinet of Madhya Pradesh (MP), led by Chief Minister (CM) Mohan Yadav, approved the launch of the MP Krishak Kalyan Mission (KKM) to consolidate various farmer welfare schemes operating under different departments.


      - The mission aims to integrate initiatives from multiple departments to streamline and enhance farmer welfare. These departments include the Farmers' Welfare and Agriculture Development Department, Horticulture and Food Processing Department, and Fisheries Department. Together, they focus on improving core agriculture, value addition, and aquaculture promotion.


      - Additionally, the mission involves the Animal Husbandry and Dairy Department, Cooperative Department, and the Food, Civil Supplies and Consumer Protection Department. These departments contribute by supporting livestock-based income, facilitating collective farming and credit access, and ensuring fair pricing and food security for farmers.

     

Main Point :-   (i) The mission aims to boost farmers' income by ensuring fair pricing of agricultural produce, securing nutritional and food security, and offering sustainable livelihood opportunities.

      (ii) It emphasizes climate-resilient agriculture, encourages sustainable farming practices, and seeks to preserve biodiversity and traditional agricultural knowledge.

(iii) Madhya Pradesh's agricultural productivity rose significantly from 1,195 kg/hectare in 2002-03 to 2,393 kg/hectare in 2024, marking a 200% increase.

About Madhya Pradesh
Governor: Mangubhai C. Patel
CM : Mohan Yadav
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Union Minister Ashwini Vaishnaw Inaugurated VVDN’s Largest SMT and Mechanical Innovation Park in Haryana.

In April 2025, Union Minister Ashwini Vaishnaw, Ministry of Electronics & Information Technology (MeitY), Recently Inaugurated VVDN Technologies’ Largest State-of-the-Art Surface Mount Technology (SMT) Line and Mechanical Innovation Park at its Global Innovation Park in Manesar, Haryana.


      - During the event, he also unveiled India’s first fully designed Artificial Intelligence (AI) server 'Adipoli', developed by VVDN Technologies. The server is equipped with 8 Graphics Processing Units (GPUs) and marks a significant milestone in India’s tech innovation.


      - India’s electronics manufacturing sector has grown 5 times in the last 6 years, with its total value now exceeding Rs 11 lakh crore.

      - Electronics exports have surged 6 times to over Rs 3.25 lakh crore in the same period, and the sector now employs over 25 lakh people, with expectations of exponential growth in the coming years.

Main Point :-   (i) The newly inaugurated Surface Mount Technology (SMT) Line at VVDN Technologies supports Printed Circuit Boards (PCBs) of up to 850 mm × 560 mm in size and boasts an industry-leading speed of 2,50,000 components per hour (CPH). This high-speed capability significantly enhances the efficiency and scale of electronic product manufacturing.

      (ii) This state-of-the-art infrastructure will enable VVDN to produce large and complex products such as AI servers, networking equipment, and motherboards. The move is set to play a crucial role in reducing India’s dependence on imports while strengthening the nation’s supply chain resilience in the electronics sector.

(iii) In addition, the newly opened Mechanical Innovation Park, spanning 1,50,000 sq.ft, is equipped with mold and tool-making setups, wire-cut machines, and advanced injection molding systems. The facility establishes a fully integrated design-to-manufacturing ecosystem, and is expected to generate over 3,000 new skilled jobs, further aligning with the Government of India’s vision for employment generation and fostering high-tech skills.

About MeitY
Union Minister : Ashwini Vaishnaw
Headquarters: New Delhi
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CREDAI Signed MoU with NSDC and QCI to Boost Skill Development and Promote Sustainability in Indian Real Estate Sector.

In April 2025, New Delhi-based Confederation of Real Estate Developers Association of India (CREDAI) Recently Signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) and the Quality Council of India (QCI), Both Based in New Delhi, to Strengthen Workforce Skills and Sustainability in India’s Construction and Real Estate Sector.


      - The MoU was formalized during CREDAI’s leadership transition ceremony, where Shekhar G Patel officially assumed the role of President of CREDAI for the 2025–2027 term.


      - This strategic partnership aims to deliver industry-aligned training programs, support Recognition of Prior Learning (RPL) to validate existing skills, and foster sustainable employment opportunities through job placements and the adoption of modern construction practices, including green building technique

     

Main Point :-   (i) During the recent MoU signing event, CREDAI along with Canada-based Colliers (Toronto) jointly released a report titled ‘Sustainability in Real Estate: Towards a Greener Skyline’, showcasing India’s growing emphasis on sustainable practices in the real estate sector. The report highlights that approximately 66% of India’s Grade A office stock is now green-certified, with Hyderabad leading the way at 75% penetration.

      (ii) The report also sheds light on the industrial and logistics sector, where leasing in green-certified buildings witnessed a 20% rise in 2024, reaching an impressive 492 lakh square feet across six major Indian cities. This marks a significant shift towards environmentally responsible infrastructure in the country’s evolving real estate landscape.

(iii) CREDAI is India’s apex body of private real estate developers, representing over 13,000 members across 230 cities in 21 states, aiming to promote transparency, quality, and sustainable development while driving economic growth.

About Confederation of Real Estate Developers Association of India (CREDAI)
President-Shekhar G Patel
Director General (DG) & Chief Executive Officer (CEO) : Atul Rai
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CENJOWS Hosted the 2nd Edition of Defence Literature Festival ‘Kalam & Kavach 2.0’.

In April 2025, the Centre for Joint Warfare Studies (CENJOWS), operating under the Headquarters Integrated Defence Staff (HQ IDS), Ministry of Defence (MoD), in partnership with Pentagon Press (New Delhi, Delhi), organised the 2nd edition of the Defence Literature Festival ‘Kalam & Kavach 2.0’ at the Manekshaw Centre, New Delhi.


      - The theme for the 2025 edition was ‘Securing India’s Rise through Defence Reforms’, with a focus on Defence Technology, Future Warfare, and Defence Manufacturing.


      - ‘Kalam & Kavach’ has emerged as India’s leading forum for discussions on national security and geopolitics, convening senior military leaders, policymakers, industry stakeholders, and strategic experts from across the country.

     

Main Point :-   (i) The 2025 edition emphasized critical areas including Artificial Intelligence (AI), quantum computing, cyber technologies, drone warfare, space technologies, and semiconductors, reflecting the future trajectory of Defence Technology and Warfare.

      (ii) It also spotlighted themes like Defence Manufacturing, Aatmanirbharta (Self-Reliance) in defence production, and reforms in acquisition and procurement processes.

(iii) The event was held against the backdrop of Defence Minister Rajnath Singh declaring 2025 as the 'Year of Reforms', with the goal of accelerating India’s transformation into a combat-ready, technologically advanced defence force.

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Indian Army Concludes ‘ARMEX-24’ High-Altitude Adventure Expedition in Sikkim.

The Indian Army (IA) successfully concluded ARMEX-24, a 28-day high-altitude adventure expedition, on April 14, 2025, showcasing the endurance, leadership, and operational readiness of IA personnel under extreme environmental conditions.


      - The mission, including acclimatization, was conducted from March 22 to April 14, 2025, covering a total distance of 146 kilometres (km) — beginning in the dense jungles of Northern West Bengal and culminating in the snow-covered heights of Sikkim.


     

     

Main Point :-   (i) A dedicated team of 20 military personnel was selected based on physical fitness, mental toughness, and team coordination.

      (ii) The team undertook 18 days of intense trekking (excluding 10 days of acclimatization), traversing challenging terrains with steep gradients, unpredictable weather, and rugged mountain trails.

(iii) The expedition route witnessed dramatic altitude transitions, ranging from sub-tropical forests to regions over 14,000 feet, pushing the soldiers to operate effectively in low-oxygen, high-stress environments, thereby testing their physical endurance and psychological resilience.

About Indian Army
Chief of the Army Staff (COAS): General Upendra Dwivedi
Headquarters: New Delhi
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India’s First Prototype Fast-Breeder Reactor in Tamil Nadu to be Operational by September 2026.

According to the Department of Atomic Energy (DAE), operating under the Prime Minister’s Office, India’s first 500 MegaWatt (MW) Prototype Fast Breeder Reactor (PFBR) located at Kalpakkam, near Chennai, Tamil Nadu, is expected to attain first criticality by March 2026, with complete operationalisation targeted by September 2026. This milestone will mark the second stage of India’s ambitious three-stage nuclear programme, focused on recycling spent fuel to minimize radioactive waste.


      - In a significant regulatory step, the Atomic Energy Regulatory Board (AERB) granted approval for the first approach to criticality for the PFBR in July 2024, enabling preparations for nuclear start-up procedures.


      - The PFBR is India’s first-of-its-kind nuclear reactor to use plutonium-based mixed oxide (MOX) fuel and liquid sodium as coolant. This innovative design will allow the reactor to use and recycle spent fuel from Pressurised Heavy Water Reactors (PHWRs)—currently the backbone of India’s nuclear power infrastructure.

      - The reactor is being developed by Bharatiya Nabhikiya Vidyut Nigam (BHAVINI), a Chennai-based Public Sector Unit (PSU), which plays a pivotal role in India's advanced nuclear energy initiatives.

Main Point :-   (i) The Government of India (GoI) has set an ambitious goal of generating 100 Giga Watt (GW) of electricity from nuclear sources by 2047, as part of its long-term clean energy vision. Currently, India’s total installed nuclear power capacity stands at 8.18 GW.

      (ii) An additional 7.30 GW of nuclear power projects are either under construction or nearing completion, while 7.00 GW has been approved and is in the pre-project phase. With the completion of these projects, India’s nuclear power capacity is expected to rise to 22.48 GW by 2031–32.

(iii) Meanwhile, the Nuclear Power Corporation of India Limited (NPCIL), based in Mumbai, Maharashtra, has plans to further boost capacity by 15.40 GW through indigenously developed Pressurised Heavy Water Reactors (PHWRs) and an additional 17.60 GW through Light Water Reactors (LWRs) in collaboration with global partners. This expansion aims to help India reach a total nuclear capacity of 55 GW in the coming decades.

About Nuclear Power Corporation of India Limited (NPCIL)
Chairman : Bhuwan Chandra Pathak
Headquarters: Mumbai
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Mission Amrit Sarovar Revives Over 68000 Water Bodies Across India Through Government Initiative.

The Mission Amrit Sarovar, a flagship initiative under the Azadi Ka Amrit Mahotsav, was launched on 24th April 2022 by Prime Minister Narendra Modi during the National Panchayati Raj Day celebrations at Palli Gram Panchayat, Samba District, Jammu & Kashmir (J&K).


      - The mission aims to construct or rejuvenate at least 75 Amrit Sarovars (ponds) in each district across India to restore traditional water bodies and promote water conservation.


      - Each Amrit Sarovar is developed to cover a minimum pondage area of 1 acre (0.4 hectares) and is capable of holding approximately 10,000 cubic meters (m³) of water.

     

Main Point :-   (i) Mission Amrit Sarovar adopts a "Whole of Government" approach, involving coordination between multiple ministries and departments for seamless execution. The mission is further supported by the Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N) for geospatial monitoring.

      (ii) As of March 2025, more than 68,000 Sarovars have been constructed or rejuvenated, out of which 46,000 were developed under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).

(iii) The recharge capacity from tanks, ponds, and water conservation structures has significantly increased from 13.98 Billion Cubic Meters (BCM) in 2017 to 25.34 BCM in 2024, showcasing substantial progress in groundwater replenishment.

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India and 62 Nations Endorse World's First Global Carbon Tax for Shipping Sector.

In April 2025, India along with 62 other countries agreed to the world's first-ever global carbon tax by including commercial shipping under its ambit to combat Greenhouse Gas (GHG) emissions in the sector.


      - This historic move was finalized following a vote at the United Nations (UN)-backed International Maritime Organisation (IMO) headquarters in London, United Kingdom (UK).


      - A total of 63 nations, including India, Brazil, China, the European Union (EU), Japan, South Africa, and Singapore, voted in favor of the new carbon pricing mechanism for the shipping industry. However, major oil-producing countries like Saudi Arabia, the United Arab Emirates (UAE), Russia, and Venezuela opposed the proposal.

      - Currently, the shipping industry contributes to 3% of global GHG emissions.

Main Point :-   (i) The new carbon tax framework is expected to be formally adopted in October 2025, after which it will become mandatory for large ocean-going ships exceeding 5,000 gross tonnage, which currently contribute to 85% of total Carbon Dioxide (CO2) emissions from international shipping. The carbon tax will officially be enforced from 2028, marking a significant regulatory step for the maritime industry.

      (ii) Under this framework, ships will be required to either transition to low-emission fuels or pay emission fees ranging from USD 100 to USD 380 per tonne, depending on their pollution levels. This pricing mechanism aims to push shipping companies towards cleaner energy alternatives while placing financial responsibility on higher emitters.

(iii) Since the shipping sector was not included under the 2015 Paris Agreement, this legally binding global carbon tax represents a major milestone in addressing emissions from the maritime domain. The initiative is projected to generate USD 30–40 billion in revenues by 2030, averaging USD 10 billion annually, all of which will be dedicated to decarbonizing the shipping industry. However, the framework is expected to cut CO2 emissions by only 10% by 2030, falling short of the IMO's target of a minimum 20% reduction.

About International Maritime Organisation(IMO)
Secretary General : Arsenio Dominguez
Headquarters: London, the United Kingdom (UK)
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SBI Revives 'Amrit Vrishti' Fixed Deposit Scheme with Updated Interest Rates.

In April 2025, Mumbai (Maharashtra)-based State Bank of India (SBI) reintroduced its special Fixed Deposit (FD) scheme, 'Amrit Vrishti', with a tenor of 444 days, offering competitive interest rates aimed at boosting SBI’s deposit mobilisation efforts, particularly among senior citizens.


      - The revived scheme reflects a 20 basis points (bps) reduction in interest rates for senior citizens — decreased from 7.75% (2024–25) to 7.55%. For the general public, the rate has been revised from 7.25% to 7.05%, while super senior citizens continue to enjoy a slightly higher rate of 7.65%.


     

     

Main Point :-   (i) ‘Amrit Vrishti’ was originally launched on 15th July 2024 and extended several times until its closure on 31st March 2025. The updated interest rates are effective from 15th April 2025.

      (ii) SBI has also revised interest rates for other FD tenures, implementing a 10 bps reduction effective from the same date — 15th April 2025.

(iii) The current interest rates for regular fixed deposits now range from 3.50% to 6.90% for tenures spanning 7 days to 10 years, while senior citizens receive between 4.00% and 7.50%, based on the duration.

About SBI
Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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Union Jal Shakti Minister CR Patil Reviewed Key WII Projects under the National Mission for Clean Ganga (NMCG).

In April 2025, Union Minister of Jal Shakti, Chandrakant Raghunath (C.R.) Patil, chaired a review meeting of key projects implemented by the Wildlife Institute of India (WII), Dehradun, Uttarakhand. These projects are supported by the Ministry of Jal Shakti (MoJS) under the aegis of the National Mission for Clean Ganga (NMCG). The meeting was held in New Delhi, Delhi.


      - Union Minister C.R. Patil appreciated the efforts of NMCG and WII in restoring aquatic biodiversity, improving river health, building local capacities, and engaging communities in conservation activities.


      - As part of the meeting, the Minister launched an important digital platform – https://www.rivres.in/ – developed by MoJS and WII. This platform serves as an information dashboard for river ecosystems.

     

Main Point :-   (i) CR Patil also unveiled several knowledge products developed under various initiatives of the Ministry of Jal Shakti (MoJS) and the Wildlife Institute of India (WII). Notable among them are Hydrophytes: Green Lungs of Ganga Volumes I & II and Protocols for Collection, Storage, and Transportation of Biological Samples of Freshwater Macrofauna.

      (ii) These publications reflect the strong scientific basis and practical relevance of the government’s efforts in biodiversity conservation.

(iii) These publications demonstrate the scientific depth and practical importance of MoJS’s ongoing efforts in biodiversity conservation.

About Wildlife Institute of India (WII)
Director: Dr. Dhananjai Mohan
Headquarters: Dehradun, Uttarakhand
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India Becomes Permanent Host of IBCA Secretariat After Signing Headquarters Agreement with IBCA.

In April 2025, the Government of India (GoI) officially signed a Headquarters Agreement with the International Big Cat Alliance (IBCA), establishing India as the permanent host country for the IBCA headquarters and secretariat in New Delhi, Delhi. The agreement was signed by P. Kumaran, Secretary (East) in the Ministry of External Affairs (MEA), and Dr. S. P. Yadav, the first Director General (DG) of IBCA.


      - The Union Cabinet, chaired by Prime Minister Narendra Modi, has recently approved a financial allocation of ₹150 crore for the International Big Cat Alliance (IBCA) over a five-year period from 2023–24 to 2028–29. This funding is designated to support the creation of a corpus fund, develop the necessary infrastructure, and manage recurring operational expenditures of the IBCA.


      -The Headquarters Agreement outlines essential operational protocols such as visa facilitation, privileges, and immunities for IBCA personnel and premises. Additionally, it establishes a robust legal framework that enables the signing of supplementary agreements to address administrative and functional needs for the smooth operation of the IBCA headquarters.

      - IBCA holds a significant conservation role by working to combat major threats faced by big cats globally, including habitat destruction, illegal poaching, and escalating human-wildlife conflicts. The alliance aims to facilitate collaborative efforts, both nationally and internationally, to preserve these endangered species and their ecosystems.

Main Point :-   (i) The International Big Cat Alliance (IBCA) was launched by PM Modi in April 2023 to facilitate global conservation efforts for seven big cat species, including tigers, lions, and leopards, fostering international cooperation.

      (ii) IBCA achieved treaty-based intergovernmental status in 2025. It currently has 27 member countries, working together on capacity building, technology use, and research to ensure the survival of big cats, addressing threats like poaching and habitat loss.

(iii) On 17 April 2025, India signed an agreement to host IBCA's headquarters in New Delhi. This solidifies India’s commitment to big cat conservation and supports initiatives such as wildlife protection, habitat restoration, and international cooperation.

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Banarasi Shehnai and 20 other traditional products from Uttar Pradesh have received the prestigious GI tag, making UP the leading state in India for GI-tagged items.

In April 2025, Prime Minister Narendra Modi awarded Geographical Indication (GI) certificates to 21 traditional products from Uttar Pradesh (UP). One of the key highlights was the Banarasi Shehnai—a traditional musical instrument deeply connected to the cultural roots of Varanasi (also called Banaras or Kashi). Other notable items included the Banarasi Tabla and Banarasi Bharwan Mirch.


      - PM Modi personally handed over the GI certificate for the Banarasi Shehnai to Ramesh Kumar, a well-known artisan from Varanasi, during a public program held at Mehndi Ganj in UP.


      - With this recent development, Uttar Pradesh (UP) has become the state with the highest number of Geographical Indication (GI)-tagged products in India, surpassing Tamil Nadu. UP now boasts a total of 77 GI-certified products, while Tamil Nadu holds 69.

      - This was also the first time in India that GI certificates for 21 products were distributed at a single event by the Prime Minister since the Geographical Indications of Goods (Registration and Protection) Act, 1999 came into effect in 2003.

Main Point :-   (i) Out of the 21 products awarded GI tags, 9 are from Varanasi, showcasing the city's strong cultural and craftsmanship traditions.

      (ii) Interestingly, Varanasi alone has 32 GI-tagged products, making it a global center for GI-recognized heritage items.

About Uttar Pradesh
Chief minister: Yogi Adityanath
Governor: Anandiben Patel
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Maharashtra CM Devendra Fadnavis Inaugurates Amravati Airport and Announces Southeast Asia's Largest Pilot Training Institute.

In April 2025, Devendra Fadnavis, Chief Minister (CM) of Maharashtra, inaugurated Amravati Airport in Belora, Vidarbha, Maharashtra. The airport is now operated by Alliance Air, marking a significant milestone for regional air connectivity in the state.


      - During the inauguration event, CM Fadnavis flagged off the first flight from Amravati to Mumbai under the Regional Connectivity Scheme (RCS) - Ude Desh ka Aam Nagrik (UDAN). This initiative aims to make air travel more affordable and accessible for the common man.


      - The inauguration was attended by key dignitaries, including Union Minister Kinjarapu Rammohan Naidu from the Ministry of Civil Aviation (MoCA), Union Minister of State (MOS) Murlidhar Mohol, MoCA, and Deputy Chief Ministers (DCMs) of Maharashtra, Eknath Shinde and Ajit Pawar. Their presence highlighted the importance of this project.

      - So far, Maharashtra has identified 160 routes under the UDAN scheme, with 105 of them already operational. The state's efforts to enhance regional connectivity through air travel were showcased during the event, reinforcing the government’s commitment to improving infrastructure.

Main Point :-   (i) Originally developed by the Public Works Department (PWD) in 1992, Amravati Airport had remained non-functional for years. Its revival was spearheaded by the Maharashtra Airport Development Company (MADC), which undertook significant infrastructure upgrades, including an extended runway and acquiring the necessary operating license from the Directorate General of Civil Aviation (DGCA).

      (ii) During the event, CM Fadnavis also announced the establishment of Southeast Asia’s largest pilot training institute in Amravati. The Flying Training Organisation (FTO) will open in the next six months, with 34 training aircraft. The institute aims to train 180 pilots annually, positioning India as a leader in aviation education.

(iii) Union Minister Rammohan Naidu highlighted the 40% increase in air passenger traffic over the last five years. He also pointed out the growth in India's airport infrastructure, with the number of airports in the country increasing from 74 in 2014 to 159 in 2025, further emphasizing the importance of the UDAN scheme and regional connectivity.

About Maharashtra
Chief Minister (CM) : Eknath Shinde
Governor : CP Radhakrishnan
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CEA Unveils STELLAR Model to Strengthen Resource Adequacy Planning.

In April 2025, the Central Electricity Authority (CEA), based in New Delhi (Delhi), launched STELLAR — a powerful software tool for improving how India plans its electricity generation, transmission, and storage. STELLAR stands for State-of-the-art, Totally indigenously developed Resource Adequacy model.


      - The model was officially launched by Shri Ghanshyam Prasad, Chairperson of CEA, during an event held in New Delhi. The event was attended by Shri Alok Kumar (Former Secretary, Ministry of Power), along with representatives from The Lantau Group (TLG) and various State Power Utilities.


      - STELLAR was developed by CEA in collaboration with The Lantau Group (TLG), based in Hong Kong (China), and the Asian Development Bank (ADB), based in Manila (Philippines).

      - The software is a symbol of india’s self-reliance (Atmanirbhar Bharat) in advanced power sector technologies. It will be updated every year to keep up with the changing needs of the energy sector.

Main Point :-   (i) The STELLAR software will be shared free of cost with all State Electricity Distribution Companies (Discoms) and Load Despatch Centres, as per the Resource Adequacy Guidelines issued by the Ministry of Power (MoP) in June 2023.

      (ii) This model helps in avoiding power cuts, finding the most cost-effective ways to generate and manage electricity, choosing the best energy storage methods for renewables like solar and wind, and supporting India’s goal of 24x7 reliable electricity supply under the Atmanirbhar Bharat initiative.

(iii) STELLAR comes with several key features that enhance power system planning and operations. It simulates the chronological operations of the power system, manages unit commitment constraints such as minimum operating levels and ramp-up/down times, and includes endogenous demand response to adjust electricity demand based on system needs. Additionally, it integrates ancillary services like frequency and voltage control and supports the optimal sizing and placement of energy storage systems. Overall, STELLAR is a significant step toward making India’s power sector more efficient, reliable, and future-ready.

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New York City Officially Declares April 14 as 'Dr. B.R. Ambedkar Day'.

In April 2025, New York City (NYC), United States of America (USA), officially proclaimed April 14 as 'Dr. B.R. Ambedkar Day' to mark the 134th birth anniversary of Dr. Bhimrao Ramji Ambedkar. This historic declaration honours Dr. Ambedkar's monumental contributions to justice, equality, and human rights on a global platform.


      - The proclamation was formally announced by NYC Mayor Eric Adams, recognising Dr. Ambedkar’s legacy as a global icon of social justice. The announcement underlined the significance of his lifelong efforts to fight caste discrimination and promote democratic values and social empowerment.


      - The declaration was delivered by Dilip Chauhan, Deputy Commissioner for the New York City Mayor’s Office for International Affairs, during a special commemorative event. This event was held at the United Nations (UN) Headquarters in New York, further amplifying its global relevance and respect for Dr. Ambedkar’s legacy.

      - The commemorative event was organised by the Permanent Mission of India to the United Nations, showcasing India's pride in celebrating Dr. Ambedkar's life and ideals on an international stage. The event was also attended by Dr. Ramdas Athawale, Union Minister of State (MoS), Ministry of Social Justice and Empowerment (MoSJE), Government of India.

Main Point :-   (i) Dr. Bhimrao Ramji Ambedkar was born on 14 April 1891 in Mhow, Madhya Pradesh, India. He played a transformative role in shaping modern India, particularly in championing the rights of marginalized communities and promoting inclusive governance.

      (ii) As the Chairman of the Drafting Committee of the Indian Constituent Assembly, Dr. Ambedkar is hailed as the Architect of the Indian Constitution. The Drafting Committee originally consisted of seven members: Dr. B.R. Ambedkar, Alladi Krishnaswami Ayyar, N. Gopalaswami Ayyangar, K. M. Munshi, Mohammad Saadulla, Madhava Rao (who replaced B.L. Mitter), and T.T. Krishnamachari (who replaced D.P. Khaitan).

(iii) A tireless social reformer, Dr. Ambedkar led campaigns against caste-based discrimination and worked extensively for Dalit rights, women’s empowerment, and labour reforms. His slogan, "Educate, Agitate, Organize," continues to inspire human rights movements across the globe, cementing his legacy as a universal symbol of equality and justice.

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SBI and HDFC Bank Rank Among World’s Top 100 Banks by Assets in 2025 as per S&P Global.

S&P Global Market Intelligence recently released its Annual Ranking of the World's 100 Largest Banks by Assets for 2025, spotlighting the major financial giants across the globe based on total assets as of year-end 2024. This prestigious list reflects changes due to mergers, acquisitions (M&A), and other major structural activities in the global banking sector.


      - From India, only two banks secured spots in the global top 100 rankings, both of which are headquartered in Mumbai, Maharashtra. These are the State Bank of India (SBI) and HDFC Bank Limited — reaffirming their strong presence in the global financial landscape.


      - The State Bank of India (SBI) showed remarkable growth, climbing 4 positions compared to the previous year to secure the 43rd spot in the 2025 rankings. This jump underscores SBI’s consistent expansion and financial strength.

      - HDFC Bank Limited also witnessed progress in the global chart, moving up one position to claim the 73rd spot. This reflects the bank’s steady performance and growing international stature in the banking industry.

Main Point :-   (i) China continues to dominate the global banking sector, with the top three spots on the list occupied by Chinese financial institutions. Leading the rankings is the Industrial and Commercial Bank of China Limited (ICBC) at rank 1, followed by the Agricultural Bank of China Ltd. (ABC) at rank 2, and China Construction Bank Corporation (CCB) at rank 3.

      (ii) The 2025 rankings provide crucial insight into the evolving dynamics of the global banking ecosystem, highlighting the increasing role of Asian banks and the gradual rise of Indian financial institutions on the world stage.

About S&P Global Inc.
President & CEO: Martina L. Cheung
Headquarters: New York
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RBI and FIU-IND Sign MoU to Strengthen AML/CFT Framework AND Cancels Licence of Colour Merchants Co-op Bank and Approves Revolut's Entry.

On April 16, 2025, the Reserve Bank of India (RBI) and New Delhi-based Financial Intelligence Unit-India (FIU-IND) under the Department of Revenue (DOR), Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) to enhance coordination in implementing the Prevention of Money Laundering Act, 2002 (PMLA) and its associated rules.


      - The MoU was signed by Vivek Aggarwal, Director of FIU-IND, and R. Laksmi Kanth Rao, Executive Director (ED) of the Department of Regulation, RBI.


     

     

Main Point :-   (i) RBI cancelled the licence of Ahmedabad (Gujarat)-based Colour Merchants Co-operative Bank Limited due to inadequate capital adequacy, poor earnings prospects, and non-compliance with Section 11(1) and Section 22(3)(d) read with Section 56 of the Banking Regulation Act, 1949.

      (ii) RBI imposed penalties of Rs. 61.4 lakh on KMBL, Rs. 38.6 lakh on IDFC First Bank, and Rs. 29.6 lakh on PNB for regulatory non-compliance.

(iii) UK-based Revolut, a global financial application (App), received full authorization from the RBI to operate as a Prepaid Payment Instrument (PPI) issuer and enable Unified Payments Interface (UPI) transactions in India.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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SBI Card Collaborates with Tata Digital to Introduce the 'Tata Neu SBI Card'.

In April 2025, Gurugram (Haryana)-based SBI Cards & Payment Services Limited (SBICPSL), a subsidiary of the State Bank of India (SBI), partnered with Mumbai (Maharashtra)-based Tata Digital Private Limited to launch the 'Tata Neu SBI Card', a co-branded credit c


      - The card is available in two variants: Tata Neu Infinity SBI Card and Tata Neu Plus SBI Card, offering rewards in NeuCoins, which are redeemable on the Tata Neu application (app).


      - Both variants are issued on the RuPay and Visa networks.

     

Main Point :-   (i) Tata Neu Infinity SBI Card: Joining & annual fees are ₹1,499, with a Spend-Based Annual Fee Reversal at ₹3,00,000.

      (ii) Tata Neu Plus SBI Card: Joining & annual fees are ₹499, with a Spend-Based Annual Fee Reversal at ₹1,00,000.

(iii) In April 2025, New York (United States of America, USA)-based Mastercard Inc. partnered with Kumbakonam (Tamil Nadu)-based City Union Bank Limited (CUB) to launch India’s first cricket-themed credit cards, offering exclusive benefits for fans of Indian Premier League (IPL) teams Chennai Super Kings (CSK) and Sunrisers Hyderabad (SRH).

About SBI
Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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United India Insurance Collaborates with SIDBI to Offer Insurance Solutions for MSMEs.

In April 2025, Chennai (Tamil Nadu, TN)-based United India Insurance Company Limited (UIICL), a Public Sector Undertaking (PSU) under the Ministry of Finance (MoF), partnered with Lucknow (Uttar Pradesh, UP)-based Small Industries Development Bank of India (SIDBI) to distribute general insurance products specifically tailored for the Micro, Small and Medium Enterprises (MSMEs) sector.


      - The collaboration aims to improve insurance penetration among MSMEs by offering a wide range of general insurance solutions to SIDBI's customer base across India.


     

     

Main Point :-   (i) The partnership aims to provide comprehensive insurance offerings, including home, health, motor, and engineering insurance, to customers of SIDBI through its 123 branches across the country.

      (ii) The initiative focuses on strengthening insurance accessibility among MSMEs, a sector considered crucial for India’s economic development and job creation.

(iii) This tie-up will enable MSMEs to access both financial and insurance services through an integrated platform, simplifying processes and boosting protection for small businesses.

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TIME Unveils 2025 TIME100 List of the World’s Most Influential People; No Indian Included This Year.

In April 2025, New York (United States of America, USA)-based TIME, the 102-year-old global media organization, unveiled the 22nd edition of its annual "TIME100 Most Influential People 2025" list, celebrating individuals worldwide who have made a profound impact in areas such as politics, entertainment, science, and business over the past year. Notably, no Indian citizens were featured on the list this year.


      - However, Indian-origin Reshma Kewalramani, Chief Executive Officer (CEO) of Boston, Massachusetts (USA)-based Vertex Pharmaceuticals Limited, was included in the 'Leaders' category for her leadership and contributions in the pharmaceutical sector.


      - The TIME100 list is categorized into six sections: Leaders, Icons, Artists, Innovators, Pioneers, and Titans, highlighting diverse forms of influence.

     

Main Point :-   (i) The 2025 edition of the TIME100 list was released with five international TIME covers, each spotlighting a standout personality from different categories. American actor Demi Moore was featured under the Icons category, while Serena Jameka Williams, the former American tennis champion and four-time Olympic gold medalist, appeared under Titans. The Innovators category highlighted Snoop Dogg, the renowned American rapper and entrepreneur. Celebrated British singer-songwriter Ed Sheeran was featured under the Artists category. Lastly, Demis Hassabis, CEO of UK-based Google DeepMind, was featured under the Pioneers category.

      (ii) Leon Marchand, a 22-year-old Olympic swimmer from France, is the youngest person featured this year under the Icons category.

(iii) Meanwhile, Muhammad Yunus, 84-year-old Nobel Peace Prize laureate and Chief Advisor of Bangladesh, is the oldest person on the list, appearing in the Leaders category.

About TIME Magazine
CEO : Jessica Sibley
Headquarters : New York, United States of America (USA)
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Seven Indians Named in WEF 2025 Young Global Leaders List, Including Union Minister Ram Mohan Naidu and OYO’s Ritesh Agarwal.

In April 2025, the Switzerland-based World Economic Forum (WEF) unveiled the 2025 list of Young Global Leaders (YGL), recognizing 116 dynamic individuals under the age of 40 from nearly 50 countries. These leaders have made significant contributions across various fields, including business, politics, science, sports, and the arts.


      - From India, seven individuals have been honoured, including Kinjarapu Ram Mohan Naidu, Union Minister of Civil Aviation, Ministry of Civil Aviation (MoCA), Government of India (GoI), and Ritesh Agarwal, Group Chief Executive Officer (CEO) of OYO Hotels and Homes.


      - The global list also includes several high-profile personalities such as Sana Mir, Sports Analyst and Commentator at Pakistan Television Corporation Limited (Pakistan); Milojko Spajić, Prime Minister (PM) of Montenegro; and Paetongtarn Shinawatra, PM of Thailand, among others.

      - The Forum of Young Global Leaders (YGL), established in 2004 by the World Economic Forum (WEF), is an initiative designed to nurture responsible and impactful leaders committed to building a more sustainable and inclusive future. Selected members participate in a 3-year leadership program that includes collaborations with top academic institutions, immersive learning experiences, and global networking opportunities aligned with WEF's mission.

Main Point :-   (i) The 2025 Young Global Leaders (YGL) list by the World Economic Forum (WEF) features seven outstanding Indian personalities, showcasing India’s expanding role in global leadership and innovation.

      (ii) Among the honourees are Ritesh Agarwal, Founder and Group CEO of Gurugram-based OYO Hotels and Homes, and Kinjarapu Ram Mohan Naidu, Union Minister of Civil Aviation, Ministry of Civil Aviation (MoCA), Government of India. They are joined by Nipun Malhotra, founder of Delhi-based Nipman Foundation, known for his work in disability advocacy, and Alok Medikepura Anil, Founder and MD of Bengaluru-based Next Big Innovation Labs, a biotechnology firm.

(iii) Other distinguished Indians on the list include Natarajan Sankar, MD and Partner at Boston Consulting Group (BCG), Mumbai; Manasi Subramaniam, Editor-in-Chief and Vice President of Penguin Random House India, New Delhi; and Anurag Maloo, a mountaineer, entrepreneur, and keynote speaker representing Jaipur-based Orophile Ventures Private Limited (Climbing4SDGs).

About World Economic Forum (WEF)
President and Chief Executive Officer (CEO) : Børge Brende (Norway)
Headquarters : Cologny, Switzerland
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ACC Approves Appointment of Mangi Lal Jat as New Director General of ICAR.

In April 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved the appointment of Dr. Mangi Lal Jat, Deputy Director General of the Hyderabad (Telangana)-based International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), as the new Director General (DG) of the Indian Council of Agricultural Research (ICAR), headquartered in New Delhi (Delhi).


      - He has also been appointed as the ex-officio Secretary of the Department of Agricultural Research and Education (DARE) under the Ministry of Agriculture and Farmers Welfare (MoA&FW).


      - As per the ACC order, Dr. Mangi Lal Jat will serve in both roles for a period of three years from the date he assumes charge or until further orders, whichever is earlier.

      - He is set to take charge on April 21, 2025, succeeding Dr. Himanshu Pathak, who voluntarily retired from ICAR and joined ICRISAT as DG in March 2025.

Main Point :-   (i) Additionally, the ACC has approved the appointment of four officers from the 1989 batch of the Indian Revenue Service (IRS), Income Tax cadre, as new members of the Central Board of Direct Taxes (CBDT), headquartered in New Delhi.

      (ii) The newly appointed members of the Central Board of Direct Taxes (CBDT) are Pankaj Kumar Mishra, Sanjay Bahadur, L. Rajasekhar Reddy, and G. Aparna. These appointments were recently approved by the Appointments Committee of the Cabinet (ACC) to strengthen the leadership within the Income Tax cadre.

About Indian Council of Agricultural Research (ICAR):
Headquarters: New Delhi, Delhi
Established: 1929
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NITI Aayog Launches Strategic Blueprint to Boost India's Hand & Power Tools Exports to USD 25 Billion.

In April 2025, New Delhi-based National Institution for Transforming India (NITI Aayog) released a report titled "Unlocking USD 25+ Billion Export Potential – India’s Hand & Power Tools Sector." The report outlines a strategic vision for India to achieve over USD 25 billion (Rs. 2,13,925+ crore) in exports within the next decade by capturing 25% of the global hand tools market and 10% of the global power tools market.


      - The report was unveiled by Suman Bery, Vice Chairman of NITI Aayog, in the presence of CEO BVR Subrahmanyam, and Members Dr. Vijay Kumar Saraswat and Dr. Arvind Virmani. It also highlights the potential to generate approximately 35 lakh jobs through MSME empowerment and the development of a robust industrial ecosystem.


      - The report emphasizes the pivotal role of India’s Hand and Power Tools sector in driving economic growth, presenting a strategic roadmap to boost global competitiveness and reinforce the country's manufacturing capabilities.

     

Main Point :-   (i) India currently participates in a global hand and power tools trade valued at USD 100 billion, which is projected to reach USD 190 billion by 2035. The hand tools segment, currently worth USD 34 billion, is expected to grow to USD 60 billion, while the power tools segment—including accessories—is anticipated to rise from USD 63 billion to USD 134 billion, with electrical tools accounting for the largest share.

      (ii) China dominates the global export landscape, accounting for 50% (USD 13 billion) of hand tool exports and 40% (USD 22 billion) of power tool exports.

(iii) In contrast, India holds a modest share with 1.8% (USD 600 million) in the hand tools market and 0.7% (USD 470 million) in power tools.

About National Institution for Transforming India (NITI) Aayog
CEO : B.V.R. Subrahmanyam
Headquarters: New Delhi
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India Strengthens Global Leadership in Pharmaceuticals and MedTech with Robust Exports, FDI Inflows, and Market Growth.

As of April 2025, India’s pharmaceutical industry ranks as the world’s 3rd largest by volume and 11th largest by value. The country is the largest global supplier of generic drugs, accounting for 20% of the world’s supply, and is also one of the leading suppliers of low-cost vaccines globally.


      - India is the fourth largest medical device market in Asia, following Japan, China, and South Korea, and ranks among the top 20 global medical device markets. In the financial year (FY) 2023-24, the total annual turnover of the pharmaceutical sector was Rs. 4,17,345 crores, with exports contributing Rs. 2,19,439 crores.


      - As per the FDI Policy 2020, India allows up to 100% foreign investment under the automatic route in meditech activities. In the pharmaceutical sector, 100% FDI is permitted in greenfield projects, while up to 74% FDI is allowed in brownfield projects under the automatic route.

      - In the financial year 2024-25, from April to December 2024, FDI inflows in both pharmaceuticals and medical devices reached ₹11,888 crores. Additionally, the Department of Pharmaceuticals approved 13 FDI proposals worth ₹7,246.40 crores for brownfield projects during the same period.

Main Point :-   (i) The Production Linked Incentive (PLI) Scheme, launched by the Government of India in 2020, is a transformative initiative aimed at boosting domestic manufacturing, attracting investments, reducing reliance on imports, and increasing exports. The scheme is designed to enhance India's competitiveness in various sectors, including pharmaceuticals.

      (ii) The Department of Pharmaceuticals administers three PLI schemes to bolster manufacturing capabilities in the sector. Among them, the PLI Scheme for Pharmaceuticals, approved by the Union Cabinet on 24 February 2021, focuses on strengthening India’s pharmaceutical production and capabilities.

(iii) This PLI scheme has a financial outlay of ₹15,000 crores and offers financial incentives over six years (from FY 2022-23 to FY 2027-28) to 55 selected manufacturers. The scheme particularly supports the production of high-value pharmaceutical products across three key categories, further promoting India's growth in the global pharmaceutical market.

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India's Total Exports Projected to Rise by 5.5% to USD 820.93 Billion in FY 2024-25.

In April 2025, the Ministry of Commerce & Industry reported that India’s total exports—including both merchandise and services—for the financial year (FY) 2024-25 are estimated at USD 820.93 billion, reflecting a growth of 5.5% over FY 2023-24, when exports stood at USD 778.13 billion. Total imports for FY 2024-25 are projected at USD 915.19 billion, marking a 6.85% increase from USD 856.52 billion in the previous financial year.


      - In the merchandise trade segment, exports during FY 2024-25 reached USD 437.42 billion, showing a slight rise from USD 437.07 billion in FY 2023-24. Meanwhile, merchandise imports increased to USD 720.24 billion, up from USD 678.21 billion in the previous year. As a result, India’s merchandise trade deficit widened to USD 282.83 billion, compared to USD 241.14 billion recorded in FY 2023-24.


      - For March 2025 alone, merchandise exports were reported at USD 41.97 billion, slightly higher than USD 41.69 billion in March 2024. On the import side, March 2025 witnessed merchandise imports worth USD 63.51 billion, a notable increase from USD 57.03 billion in the same month last year, highlighting a continued rise in trade activities.

      - India’s service trade also saw significant growth. The estimated value of service exports during FY 2024-25 reached USD 383.51 billion, up from USD 341.06 billion in FY 2023-24. On the other hand, service imports rose to USD 194.95 billion, compared to USD 178.31 billion in the previous fiscal year.

Main Point :-   (i) With robust service exports and a controlled increase in imports, India’s services trade surplus for FY 2024-25 is estimated at USD 188.57 billion, marking a rise from USD 162.75 billion in FY 2023-24. This further emphasizes the strength of India’s service sector in driving foreign exchange earnings.

      (ii) In March 2025, the estimated services export value was USD 31.64 billion, increasing from USD 30.01 billion in March 2024. Interestingly, service imports declined to USD 13.73 billion in March 2025 from USD 16.60 billion in the same month of the previous year, further contributing to a positive trade balance in services.

(iii) Among notable export categories, coffee exports surged by 40.37%, rising from USD 1.29 billion to USD 1.81 billion. Drugs & pharmaceuticals exports increased by 9.39%, reaching USD 30.47 billion, up from USD 27.85 billion. Rice exports grew by 19.73% to hit USD 12.47 billion, while exports of jute manufacturing items, including floor coverings, rose by 13.35% to reach USD 0.38 billion in FY 2024-25.

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India and Uzbekistan Begin 6th Edition of Joint Military Exercise ‘DUSTLIK-VI’ in Pune.

In April 2025, the 6th edition of the India-Uzbekistan Joint Military Exercise (DUSTLIK-VI) commenced at the Foreign Training Node (FTN) in Aundh, Pune, Maharashtra. Scheduled from April 16 to 28, 2025, the 13-day exercise aims to strengthen bilateral defence cooperation and enhance joint counter-terrorism strategies, particularly in semi-urban operational environments.


      - The joint military exercise ‘DUSTLIK’—meaning ‘friendship’ in Uzbek—is an annual bilateral initiative between India and Uzbekistan, conducted alternately in both countries since its inception in 2019. It aims to foster deeper military collaboration through the exchange of tactical knowledge, operational techniques, and best practices in subconventional warfare operations.


      - The exercise plays a vital role in enhancing defence cooperation and building mutual trust between the two nations. The previous edition, DUSTLIK-V, was held in April 2024 in the Termez District of Uzbekistan, continuing the tradition of strengthening strategic ties through shared military training experiences.

      - The DUSTLIK-VI exercise focuses on Joint Multi-Domain Sub-Conventional Operations in semi-urban environments, simulating a range of counter-terrorism missions. These include territory capture, setting up a Joint Operations Centre at the battalion level, implementing population control measures, conducting raids, executing search-and-destroy operations, and ensuring coordinated deployment of air assets to enhance operational synergy.

Main Point :-   (i) The participating contingents in DUSTLIK-VI include 60 personnel from a battalion of the Indian Army's JAT Regiment along with Garud Commandos from the Indian Air Force (IAF), while the Uzbekistan contingent comprises personnel from the Uzbekistan Army.

      (ii) The key focus areas of DUSTLIK-VI include intensive counter-terrorism drills simulating scenarios like territory capture by terrorists, population control, raids, and search-and-destroy missions. A Joint Operations Centre (JOC) is established at the battalion level to facilitate coordinated planning and execution of operations between the participating forces.

(iii) Additionally, the exercise emphasizes the integration of air force capabilities such as Special Heliborne Operations (SHBO), Small Team Insertion and Extraction (STIE), reconnaissance, and logistics using helicopters. Advanced technology deployment also plays a crucial role, with the use of Unmanned Aerial Vehicles (UAVs) and Counter-Unmanned Aircraft System (C-UAS) measures to enhance operational efficiency.

About Uzbekistan
PM : Abdulla Nigmatovich Aripov
Capital : Tashkent
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Rajesh Kumar Singh, Secretary, Ministry of Defence (MoD), Visits Italy to Boost India-Italy Defence Ties.

Rajesh Kumar Singh, Secretary, Ministry of Defence (MoD), visited Rome, Italy from April 14 to 15, 2025, to advance the strategic partnership between India and Italy in the defence sector. The visit focused on strengthening bilateral collaboration in defence, maritime security, and industrial cooperation.


      - The visit commenced with a high-level meeting between Rajesh Kumar Singh and Italy’s Defence Minister Guido Crosetto. Both sides discussed deepening defence cooperation as a key component of their strategic relationship.


      - A Business-to-Business (B2B) session was also conducted, featuring participation from senior leadership and industry stakeholders from both countries to explore avenues for joint ventures and technological collaboration.

      - During his visit to Rome, Rajesh Kumar Singh, Secretary, Ministry of Defence (MoD), co-chaired the 11th India-Italy Joint Defence Committee (JDC) meeting along with Luisa Riccardi, Secretary General of Defence, Republic of Italy. The meeting aimed at enhancing strategic cooperation between both nations in key defence areas.

Main Point :-   (i) The JDC meeting highlighted crucial topics such as strengthening maritime security and improving information-sharing under the Trans Regional Maritime Network (T-RMN). Both sides also addressed regional security challenges in the Red Sea and Western Indian Ocean Region (WIOR), and discussed deeper collaboration in defence technology, armament production, and industrial tie-ups.

      (ii) Rajesh Kumar Singh also participated in the India-Italy Defence Industry Roundtable held in Italy. This event served as a platform for key stakeholders from both countries to explore industrial partnerships and collaborative opportunities in the defence manufacturing sector.

(iii) A key outcome of the roundtable was the signing of a Memorandum of Understanding (MoU) between the Society of Indian Defence Manufacturers (SIDM), based in New Delhi, and the Federation of Italian Companies for Aerospace, Defence and Security (AIAD), based in Rome. The MoU aims to boost cooperation in defence R&D, facilitate technology transfer, encourage joint production, and promote Business-to-Business (B2B) collaborations between Indian and Italian industries.

About Italy
President : Sergio Mattarella
Prime Minister (PM): Giorgia Meloni
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Union Minister Amit Shah Addresses State-Level Cooperative Conference in Madhya Pradesh.

In April 2025, Union Minister Amit Shah, who heads both the Ministry of Home Affairs (MHA) and the Ministry of Cooperation (MoC), recently addressed the State Level Cooperative Conference in Bhopal, Madhya Pradesh (MP). The event was held under the theme of ‘2025 - International Cooperative Year’ to highlight the growing significance of cooperative societies in India.


      - The conference was graced by key dignitaries, including Dr. Mohan Yadav, Chief Minister (CM) of MP, Vishwas Sarang, State Cooperation Minister, and Dr. Ashish Kumar Bhutani, Secretary of the Ministry of Cooperation.


      - Union Minister Amit Shah highlighted the Government of India’s strong commitment to modernizing the cooperative sector during the State Level Cooperative Conference held in Bhopal, Madhya Pradesh. He announced that the Centre has allocated Rs 2,500 crore for the digitization of all Primary Agricultural Credit Societies (PACS), with Madhya Pradesh emerging as the leading state in its implementation. This move aims to streamline operations and enhance transparency across the cooperative network.

      - Additionally, to make these systems more accessible and inclusive, PACS now operate in 13 regional languages. Further strengthening the sector, a merger of dairy, fishery, and credit cooperatives has been undertaken to form Multipurpose PACS (MPACS), which are expected to significantly improve operational efficiency and expand the services provided to rural communities.

Main Point :-   (i) A strategic Memorandum of Understanding (MoU) was signed during the event between the National Dairy Development Board (NDDB) (based in Gujarat) and the Madhya Pradesh Cooperative Dairy Federation (MPCDF). This MoU aims to expand the role of cooperative dairy societies in improving milk production across MP.

      (ii) Madhya Pradesh currently produces around 5.5 crore liters of milk daily, contributing about 9% of India’s total milk output, but less than 1% of this is processed through cooperative dairies.

About Madhya Pradesh
CM : Mohan Yadav
Governor: Mangubhai C. Patel
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In ACI’s World’s Top 10 Busiest Airports 2024 rankings Atlanta Tops the List, Delhi Secures 9th Position.

In April 2025, the Montreal (Canada)-based Airports Council International (ACI) World released its Annual Rankings of the World’s Busiest Airports for 2024. According to the report, Indira Gandhi International Airport (IGIA), New Delhi (Delhi) ranked 9th among the world's top 10 busiest airports in the 'passenger' category. Over time, Delhi Airport has consistently improved its global ranking—from 17th in 2019, 13th in 2021, to 10th in 2023.


      - In 2024, IGIA recorded 77 million passengers, showing a growth of 7.8% over 2023 and 13.6% compared to 2019.


      - Hartsfield-Jackson Atlanta International Airport (ATL) in the United States of America (USA) retained its position as the world’s busiest airport, managing over 108 million passengers in 2024.

      - It was followed by Dubai International Airport (DXB) in the United Arab Emirates (UAE) and Dallas/Fort Worth International Airport (DFW) in the USA, securing the 2nd and 3rd ranks, respectively.

Main Point :-   (i) According to ACI World’s latest preliminary data, global passenger traffic reached nearly 9.5 billion in 2024, reflecting a 9% increase over 2023 and a 3.8% rise compared to pre-pandemic (2019) levels.

      (ii) The world’s top 10 busiest airports collectively accounted for 855 million passengers or 9% of total global traffic, showing an 8.8% increase over 2023 and 8.4% over 2019.

About Airports Council International (ACI)
Director General (DG): Justin Erbacci
Headquarters: Montreal, Canada
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World Bank's 2025 Report Highlight that 2 Billion People in Low and Middle-Income Countries Still Without Adequate Social Protection.

In April 2025, the Washington, D.C. (United States of America)-based World Bank (WB) released its report titled “State of Social Protection Report 2025: The 2-Billion-Person Challenge.” The report highlights significant global disparities in social protection and emphasizes the urgent need for reform, especially in Low-Income Countries (LICs) and Middle-Income Countries (MICs).


      - According to the report, nearly three out of four people in LICs had no access to social protection services as of 2022. Overall, around two billion people in LICs and MICs were found to lack adequate social protection.


      - The report reveals gender disparities in the distribution of social protection benefits. In a sample of 27 countries, women received only 81 cents for every USD 1 received by men, highlighting a major gender gap in benefit allocation.

     

Main Point :-   (i) The report was prepared by the ASPIRE team (Atlas of Social Protection Indicators of Resilience and Equity) of the World Bank, in collaboration with departments focused on social safety nets, labour, skills development, and pensions.

      (ii) An analysis covering 73 countries, including LICs, MICs, and High-Income Countries (HICs), showed that between 2010 and 2022, social protection coverage increased by 10 percentage points, rising from 41% to 51% of the population.

(iii) Over the past decade, social protection systems in LICs and MICs have expanded to cover approximately 4.7 billion people—equivalent to three out of every four individuals. However, 1.6 billion people still remain uncovered, underscoring the massive gap that still needs to be addressed.

About World Bank
CFO: Anshula Kant
Headquarters: Washington, D.C., United States
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UNCTAD Report Forecasts 6.5% Growth for Indian Economy in Calendar Year 2025.

In April 2025, the Geneva (Switzerland)-based United Nations Conference on Trade and Development (UNCTAD) released its latest report titled "Trade and Development Foresights 2025 – Under Pressure: Uncertainty Reshapes Global Economic Prospects." According to the report, India’s economy is projected to grow at 6.5% in Calendar Year 2025 (CY25), compared to an estimated 6.9% growth rate in CY24.


      - The report attributed India’s projected growth in CY25 to strong public spending and a continuing easing of the monetary system.


      - Despite experiencing a slight slowdown in 2024, India is expected to remain the fastest-growing economy in the world.

     

Main Point :-   (i) The report also forecasts that global economic growth will decline to 2.3% in 2025, down from 2.8% in 2024, reflecting global uncertainties and economic pressures.

      (ii) Additionally, it estimates that the South Asia region will experience 5.6% growth in 2025. This growth is expected to be supported by declining inflation and a more accommodative monetary environment across most countries in the region.

About United Nations Conference on Trade and Development (UNCTAD)
Secretary-General : Rebeca Grynspan
Headquarters : Geneva, Switzerland
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Former England Pacer James Anderson Honoured with 'Knighthood' for Outstanding Contribution to Cricket.

In April 2025, former England fast bowler Sir James Michael Anderson was recently awarded a 'Knighthood', one of the highest civilian honours conferred by the British Monarchy or Commonwealth nations, in recognition of his exceptional services to cricket.


      - He was granted this prestigious honour as part of former United Kingdom (UK) Prime Minister Rishi Sunak’s resignation honours list. Notably, Sir James Anderson is the only sportsperson included in this list.


      - With this honour, Anderson becomes the 13th England cricketer to be knighted for contributions to the sport, joining a prestigious list of legends who have served English cricket with distinction.

      - The PM’s Resignation Honours are awards granted at the request of an outgoing UK Prime Minister, allowing the British monarch to bestow honours such as peerages, knighthoods, and damehoods under the UK honours system. Notable cricketers who have received knighthoods include Australia’s Sir Donald Bradman (1949) and West Indies legends Sir Garfield Sobers (1975), Sir Everton Weekes (1995), and Sir Vivian Richards (1999).

Main Point :-   (i) Sir James Anderson made his debut for the England cricket team in December 2002, playing his first One-Day International (ODI) against Australia. He entered the Test cricket arena in 2003 against Zimbabwe at Lord's, where he made an impressive start by taking five wickets in his first innings.

      (ii) Over a career spanning more than two decades, Anderson represented England in 188 Test matches, 194 ODIs, and 19 Twenty20 Internationals (T20Is), amassing a total of 991 wickets across all formats. He retired from international cricket in July 2024 as the most successful Test seamer in history, with 704 wickets in Test matches alone.

(iii) James Anderson stands third on the all-time list for most Test wickets, behind Shane Warne of Australia (708) and Muttiah Muralitharan of Sri Lanka (800). Despite his international retirement, he extended his cricketing journey by signing a one-year contract with Lancashire in January 2025 to continue playing in the domestic circuit.

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Justice Bhushan Ramkrishna Gavai Appointed as the 52nd Chief Justice of India.

In April 2025, Justice Bhushan Ramkrishna (BR) Gavai, the second-most senior judge of the Supreme Court of India (SCI), was announced to assume charge as the 52nd Chief Justice of India (CJI). He will take oath on 14th May 2025, succeeding CJI Sanjiv Khanna, who retires on 13th May 2025. Justice Gavai will hold the position till 23rd November 2025, marking his retirement date. He will become the second Dalit CJI in India's history after Justice KG Balakrishnan, who served from 2007 to 2010.


      - The appointment follows the Memorandum of Procedure (MoP), under which the Ministry of Law and Justice (MoL&J) acts on the recommendation of the outgoing CJI. As per norms, Supreme Court judges retire at the age of 65 years.


      - Justice Bhushan Ramkrishna Gavai began his legal career in 1985, enrolling as an advocate. He initially trained under Raja S. Bhonsale, who served as the former Advocate General and later a judge at the Bombay High Court.

      - From 1987 to 1990, he practiced independently at the Bombay High Court in Mumbai, before shifting to its Nagpur Bench. There, he specialized in Constitutional and Administrative Law, gaining prominence for his legal expertise in public law matters.

Main Point :-   (i) Justice Bhushan Ramkrishna Gavai served as Standing Counsel for multiple civic and educational bodies, including the Nagpur Municipal Corporation, Amravati Municipal Corporation, and Amravati University, contributing to governance and public interest litigation.

      (ii) He was appointed as a Permanent Judge of the Bombay High Court on 12th November 2005, and was later elevated to the Supreme Court of India on 24th May 2019, marking a significant rise in his judicial career.

(iii) Justice Gavai was part of several landmark constitutional benches, including the 2023 ruling that upheld the abrogation of Article 370, converting Jammu and Kashmir into a Union Territory. He also contributed to the 2024 verdict striking down the Electoral Bonds Scheme and the 2023 ruling against unlawful demolitions, widely known as the "bulldozer culture" judgment.

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Sourav Ganguly Reappointed as Chairperson of ICC Men’s Cricket Committee.

In April 2025, former Indian cricket captain Sourav Ganguly was recently reappointed as the Chairperson of the International Cricket Council (ICC) Men's Cricket Committee. He replaced Anil Kumble, who completed the maximum allowed tenure of three consecutive three-year terms.


      - The ICC Men’s Cricket Committee plays a significant role in shaping the game’s regulations, playing conditions, and overall development strategies. Ganguly’s leadership is expected to guide the committee in refining and modernizing cricket policies globally.


      - The committee also includes several notable former international cricketers, such as VVS Laxman (India), who was reappointed, Hamid Hassan (Afghanistan), Desmond Haynes (West Indies), Temba Bavuma (South Africa’s Test and ODI captain), and Jonathan Trott (former England batsman).

     

Main Point :-   (i) Additionally, the ICC Women's Cricket Committee was reconstituted, with Catherine Campbell (New Zealand) reappointed as Chair.

      (ii) Other newly included members are Avril Fahey (Australia) and Pholetsi Moseki (Cricket South Africa).

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L&T's Indigenous 651 kW Waterjet Propulsion System Passes Sea Trials for Indian Navy.

On April 15, 2025, Mumbai (Maharashtra)-based Larsen & Toubro’s Precision Engineering Systems (L&T PES) successfully completed preliminary sea trials of its indigenously developed 651 kilowatt (kW) Waterjet Propulsion System, marking a significant milestone in enhancing India’s naval propulsion technology under the Technology Development Fund (TDF) scheme of the Defence Research and Development Organisation (DRDO).


      - The cutting-edge system was trialed aboard the Indian Navy’s (IN’s) Fast Interceptor Craft (FIC), where it demonstrated high-speed operational capability exceeding 45 knots (equivalent to 85 kilometers per hour, km/h).


      - With over 70% Indigenous Content (IC), the propulsion system boosts the nation's self-reliance and aligns with the 'Make in India' initiative in the defence sector.

      - The 651 kW Waterjet Propulsion System was developed at Larsen & Toubro’s AM Naik Heavy Engineering Complex located in Surat, Gujarat, as part of the company’s efforts to boost indigenous defence manufacturing capabilities.

Main Point :-   (i) This advanced propulsion system is engineered to support a range of critical naval operations, including high-speed interception, coastal patrolling, surveillance, and search-and-rescue missions. Its deployment is expected to significantly strengthen the Indian Navy’s coastal security framework.

      (ii) Unlike conventional propeller systems, the waterjet propulsion system operates by accelerating water through a pump to generate thrust, enabling rapid response and high-precision maneuverability. This makes it highly suitable for Fast Interceptor Crafts (FICs) engaged in agile, high-speed missions.

(iii) The system is equipped with integrated steering and braking mechanisms, allowing for a compact design that ensures better control at elevated speeds. It also delivers enhanced efficiency, reduced noise levels, and is capable of operating effectively in shallow-water environments.

About Larsen & Toubro Limited (L&T)
Chairman & Managing Director (CMD): Sekharipuram Narayanan (S.N.) Subrahmanyan
Headquarter : Mumbai
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China's Betavolt Introduces BV100 Nuclear Battery with an Impressive 50-Year Lifespan.

In April 2025, Beijing (China)-based Betavolt Technology Company Limited, a developer specializing in nuclear energy batteries, unveiled its nuclear-powered battery, BV100, capable of functioning for up to 50 years on a single charge. This technological breakthrough represents a major leap in energy storage innovation, offering promising applications in medical devices, aerospace systems, and remote sensing technologies.


      - The BV100 is a coin-sized nuclear battery that utilizes Nickel-63, a radioactive isotope, as its core energy source. It boasts an energy density 10 times higher than traditional Lithium-ion batteries, enabling compact, long-lasting power solutions.


      - The battery provides a continuous output of 100 microwatts (μW) at 3 volts (V) and does not require charging or maintenance throughout its entire operational lifespan.

      - It is engineered to operate reliably across extreme temperature ranges — from -60°C to +120°C — without the risk of explosion or fire, ensuring safety in high-demand environments.

Main Point :-   (i) The battery functions as Nickel-63 decays, emitting high-speed beta particles (electrons) that strike a semiconductor layer. This interaction generates electron-hole pairs, which are then converted into electric current.

      (ii) After 50 years, Nickel-63 decays into stable, non-radioactive copper, making the battery environmentally safe post-use.

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New Frog Species Leptobrachium aryatium Discovered in Assam’s Garbhanga Reserve Forest.

In April 2025, a new species of frog named Leptobrachium aryatium was officially described following a 21-year-long zoological study conducted in the Garbhanga Reserve Forest, located in the southwestern part of Guwahati, Assam. The species was named in honor of Arya Vidyapeeth College, a renowned educational institution in Guwahati.


      - The discovery was published in the peer-reviewed journal Zootaxa and described by four Indian zoologists — Jayaditya Purkayastha from Help Earth (an NGO based in Guwahati, Assam), Dipankar Dutta from the University of Science and Technology, Meghalaya, Jayanta Gogoi from Arya Vidyapeeth College, and Saibal Sengupta from Assam Don Bosco University.


      - The newly identified frog belongs to the Leptobrachium genus, known for its stocky body structure, broad heads, short hind limbs, and striking eye colors.

      - This species is distinguished by its fiery orange-and-black eyes, a reticulated throat pattern, and a smooth, rhythmic call that is most commonly heard at dusk.

Main Point :-   (i) The name "aryatium" not only pays tribute to Arya Vidyapeeth College but also reflects the institution's impact on the community.

      (ii) In 2022, the nearby area was renamed from "Sharabbhati" (formerly known for liquor brewing) to "Aryanagar", symbolizing a move toward community upliftment and educational pride.

(iii) Although first observed in 2004, the species was misidentified as Leptobrachium smithi — a frog species found in Southeast Asia and Bangladesh — due to limited scientific information available at that time.

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Magnus Carlsen Clinches Title at Inaugural 2025 Freestyle Chess Grand Slam Held in France.

In April 2025, Magnus Carlsen of Norway, the world's top-ranked chess player, secured a commanding victory at the Paris Freestyle Chess Grand Slam, held at Pavillon Chesnaie du Roy in Paris, France. This event was the second leg of the Freestyle Chess Grand Slam Tour 2025.


      - Carlsen clinched the title by defeating American Grandmaster Hikaru Nakamura with a final score of 1.5–0.5. He won the first game and drew the second, making a tiebreak match unnecessary.


      - For his championship win, Magnus Carlsen received a prize of USD 200,000 (approximately Rs 1.7 crore), while Hikaru Nakamura earned USD 140,000 as the runner-up.

     

Main Point :-   (i) India’s Arjun Erigaisi finished in fifth place on his Freestyle Chess debut after defeating France’s Maxime Vachier-Lagrave. He was awarded USD 50,000 (around Rs 43 lakh) for his performance.

      (ii) Indian Grandmaster R Praggnanandhaa secured the 9th position in the 2025 Freestyle Chess Grand Slam Tour after winning his placement match against Hungary’s Richard Rapport, earning a prize of USD 12,500.

(iii) In 2013, Magnus Carlsen famously defeated Viswanathan Anand in Chennai, Tamil Nadu, in the World Chess Championship match, with 3 wins and 7 draws across 10 games. He became the second-youngest world champion in chess history, after Garry Kasparov.

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Former Malaysian Prime Minister Abdullah Ahmad Badawi Recently Passed Away.

In April 2025, Abdullah bin Ahmad Badawi, the former Prime Minister (PM) of Malaysia, affectionately known as ‘Pak Lah’ (Uncle Lah), passed away at the age of 85 in Kuala Lumpur, Malaysia. He was born on November 26, 1939, in the northern Malaysian state of Penang.


      - He served as the 5th Prime Minister of Malaysia from 2003 to 2009.


      - Before beginning his political journey, Abdullah Ahmad Badawi served in the Malaysian civil service for 14 years, resigning in 1978 to become a Member of Parliament (MP). During his political career, he also held key positions such as Defence Minister and Foreign Minister of Malaysia.

     

Main Point :-   (i) In January 1999, he was appointed Deputy Prime Minister of Malaysia as well as Home Affairs Minister, holding both positions until 2003.

      (ii) He became the Prime Minister of Malaysia in 2003, succeeding Mahathir bin Mohamad, the long-serving and authoritative leader who had held power for 22 years before stepping down.

(iii) Abdullah remained in office until 2009, stepping down after the then-ruling Barisan Nasional (BN) coalition, led by his party United Malays National Organisation (UMNO), lost its parliamentary supermajority for the first time since Malaysia’s independence in 1957.

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World Hemophilia Day Observed Globally on 17 April to Raise Awareness on Bleeding Disorders.

World Hemophilia Day (WHD) is observed every year on 17 April across the globe to raise awareness about Hemophilia—a rare inherited bleeding disorder—and other blood-related conditions that impair clotting. The observance is led by the Canada-based World Federation of Hemophilia (WFH) and emphasizes the need for better diagnosis, treatment, and support systems for individuals with bleeding disorders.


      - The 2025 observance marks the 31st anniversary of WHD, continuing its mission to amplify global awareness and support. It serves as a platform to unite the bleeding disorders community and draw attention to the challenges patients face, particularly in terms of medical access and societal understanding.


      - The theme for WHD 2025 is "Access for All: Women and Girls Bleed Too". This year’s theme focuses on gender equity in diagnosis and care. It highlights how females are often underdiagnosed or misdiagnosed due to lack of awareness and clinical recognition, despite also being affected by bleeding disorders.

      - WHD was first celebrated on 17 April 1989, initiated by the World Federation of Hemophilia. The date commemorates the birth anniversary of Frank Schnabel, the visionary founder of WFH, who played a key role in shaping the global community for people with hemophilia.

Main Point :-   (i) Hemophilia is a genetic bleeding disorder where the blood does not clot properly due to a lack of essential clotting factors. The two primary types are Hemophilia A, caused by a deficiency of Factor VIII, which affects approximately 21 in 100,000 males, and Hemophilia B (also known as Christmas Disease), resulting from a deficiency of Factor IX, affecting around 4 in 100,000 males.

      (ii) A major challenge in managing hemophilia is the global treatment gap—only about 25% of the estimated 1.1 million affected people worldwide receive adequate care. Around 85% of those in low-income countries lack access to proper diagnosis and treatment. WHD also serves as a call for policy advocacy to improve availability of clotting factor therapies and comprehensive care programs.

(iii) As part of 2025 events, the WFH 2025 Comprehensive Care Summit titled “New Developments in Bleeding Disorders and Musculoskeletal (MSK) Care” will be held from 23 to 25 April 2025 in Dubai, UAE, in collaboration with Hemophilia Eastern Mediterranean Network (HEMNET). Additionally, the WFH 2026 World Congress is scheduled for 19 to 22 April 2026 at the Kuala Lumpur Convention Centre, Malaysia.

About World Federation of Hemophilia (WFH)
President : Cesar Garrido (Venezuela)
Headquarters : Québec, Canada
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Telangana Launched 'Bhu Bharati' Portal to Boost Land Record Transparency.

In April 2025, Chief Minister (CM) of Telangana, A. Revanth Reddy inaugurated the 'Bhu Bharati' portal, a new integrated online revenue records management system aimed at enhancing land security and increasing transparency in land records across the state. This new portal replaces the earlier Dharani portal, which was introduced in 2020.


      - The portal functions under the Telangana Bhu Bharati (Record of Rights in Land) Act, 2024, which consolidates and updates laws related to the recording of land rights within the state. As per this Act, landowners will be provided with a Bhudhaar card for authentication and secure identification.


      - The Bhu Bharati portal provides multiple online services including access to Record of Rights (RoR-1B), Pahani details, mutation applications, encumbrance certificates, and property registration slot booking.

      - Initially, the portal has been launched on a pilot basis in four mandals: Maddur (Narayanpet district), Nelakondapalli (Khammam district), Lingampeta (Kamareddy district), and Venkatapur (Mulugu district).

Main Point :-   (i) Mandal Revenue Officers (MROs) will visit every revenue village within these mandals to resolve all pending land-related cases by May 1, 2025.

      (ii) After the pilot phase, one block from each district will be selected for the next rollout, with plans to expand the initiative statewide starting June 2, 2025.

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USA Retains Position as India’s Top Trading Partner for 4th Consecutive Year in FY 2024-25 with USD 131.84 Billion Trade.

In April 2025, the Ministry of Commerce and Industry (MoC&I) released trade data indicating that the United States of America (USA) remained India’s largest trading partner for the 4th consecutive year in Financial Year 2024-25 (FY25), with bilateral trade reaching USD 131.84 billion.


      - In FY25, China ranked as India’s second-largest trading partner, with total bilateral trade at USD 127.7 billion, while the United Arab Emirates (UAE) stood third, recording USD 100.5 billion in trade value.


      - In Financial Year 2024-25 (FY25), India’s bilateral trade with the United States reached USD 131.84 billion. Exports from India to the USA saw a robust growth of 11.6%, rising from USD 77.52 billion in FY24 to USD 86.51 billion in FY25. Imports from the USA also rose by 7.44%, increasing from USD 42.2 billion to USD 45.33 billion during the same period.

      - India’s trade surplus with the USA widened to USD 41.18 billion in FY25, up from USD 35.32 billion in FY24. Major Indian exports to the U.S. included drug formulations and biologicals (USD 8.1 billion), telecom instruments (USD 6.5 billion), and precious and semi-precious stones (USD 5.3 billion), among other significant sectors.

Main Point :-   (i) India's major imports from the USA during FY25 included crude oil worth USD 4.5 billion, petroleum products at USD 3.6 billion, and coal and coke valued at USD 3.4 billion. These commodities highlight the USA’s critical role in fulfilling India’s energy and industrial needs.

      (ii) China continued as India’s second-largest trading partner in FY25, with the total bilateral trade amounting to USD 127.7 billion, up from USD 118.4 billion in FY24. However, India’s exports to China declined sharply by 14.5%, falling from USD 16.66 billion in FY24 to USD 14.25 billion in FY25.

(iii) Imports from China surged by 11.52% in FY25, reaching USD 113.45 billion compared to USD 101.73 billion in the previous year. This widened India’s trade deficit with China to USD 99.2 billion in FY25, a 17% increase from USD 85.07 billion in FY24. Notably, China was India’s top trading partner from FY14 to FY18 and again in FY21, while the USA has held the top position since FY22.

About Ministry of Commerce and Industry (MoC&I)
Cabinet Minister: Shri Piyush Goyal
Headquarter : New Delhi
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6th Edition of National Highways Excellence Awards 2024 Held in New Delhi.

In April 2025, the 6th edition of the 'National Highways Excellence Awards' (NHEA 2023), organized by the Ministry of Road Transport & Highways (MoRTH), was held at Bharat Mandapam Convention Centre, New Delhi.


      - These awards aim to recognize professionals and organizations for excellence in the development, operation, and maintenance of National Highways across India.


      - The event celebrated the achievements of officials, concessionaires, and contractors who demonstrated outstanding performance and innovative practices.

      - The occasion was graced by Union Minister Nitin Jairam Gadkari, MoS Harsh Malhotra (MoRTH), Dr. V.K. Saraswat (Member, NITI Aayog), along with various other key stakeholders.

Main Point :-   (i) Out of 125 nominations, 22 entries were shortlisted by a jury through a rigorous multi-level evaluation process. For the year 2023, awards were presented under five different categories, highlighting excellence in highway project implementation and quality.

      (ii) Additionally, winners of the 'पथ चिंतन Hackathon' were felicitated during the event for presenting tech-driven, innovative ideas aimed at transforming India’s National Highway infrastructure.

About National Highways Authority of India (NHAI)
Chairman: Santosh Kumar Yadav
Headquarters: New Delhi
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ZSI and Germany’s Museum Koenig Bonn Discover Six New Sericinae Beetle Species in India.

The Kolkata (West Bengal, WB)-based Zoological Survey of India (ZSI), operating under the Ministry of Environment, Forest and Climate Change (MoEFCC), in collaboration with Germany’s Museum Koenig Bonn, recently discovered six new species of Sericinae scarab beetles. These beetles were identified from the biodiversity-rich regions of Northeast India and the Western Ghats (Kerala).


      - The findings of this collaborative discovery were published in the peer-reviewed journal ‘Zootaxa’, marking a significant addition to entomological studies and India’s rich biodiversity records.


      - The joint research team included Devanshu Gupta, Debika Bhunia, and Kailash Chandra from ZSI, along with Dirk Ahrens from Museum Koenig. The team conducted a detailed specimen analysis using collections from both the Coleoptera Section of ZSI (Kolkata) and Museum Koenig (Germany).

      - The six newly discovered Sericinae beetle species are — Maladera champhaiensis, found in Mizoram; Neoserica churachandpurensis, identified from Manipur; Maladera barasingha, named in honor of the Indian swamp deer; Maladera lumlaensis, discovered in Arunachal Pradesh; Serica subansiriensis, also from Arunachal Pradesh; and Maladera onam, which was found in Kerala.

Main Point :-   (i) The study also led to new state records, including Maladera bengalensis in Goa and Maladera seriatoguttata in Maharashtra. In total, 28 additional beetle species were documented, enhancing the distribution data and understanding of beetle diversity across India.

      (ii) The discoveries emphasize the importance of India’s biodiversity hotspots. Five of the six species were found in Northeast India, a region that forms part of the Himalayan biodiversity hotspot, known for its high endemism and ecological sensitivity. Maladera onam, found in Kerala, highlights the richness and vulnerability of the Western Ghats, a UNESCO World Heritage Site threatened by deforestation and human encroachment.

(iii) Sericinae beetles play dual roles in ecosystems. While some species are known agricultural pests impacting crops, others are beneficial to soil health, contributing to aeration and nutrient recycling, which is vital for maintaining ecological balance and agricultural productivity.

About Zoological Survey of India (ZSI)
Director : Dhriti Banerjee
Headquarters : Kolkata, West Bengal (WB)
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According to India Justice Report (IJR) 2025 Karnataka Tops Among Large States and Sikkim Leads Smaller States in Justice Delivery.

As per the India Justice Report 2025 (4th edition) released on 15 April 2025, Karnataka has emerged as the top performer among the 18 large and mid-sized states in India (with populations exceeding 1 crore) in terms of delivering justice effectively. It stands out as the only state to have completely implemented reservation mandates for Scheduled Castes (SCs), Scheduled Tribes (STs), and Other Backward Classes (OBCs) in both the police force and judicial services.


      - In the ranking of large and mid-sized states, Karnataka was followed by Andhra Pradesh (AP) in the second spot, Telangana in third, Kerala in fourth, and Tamil Nadu (TN) in fifth place.


      - Telangana showed the most notable progress by climbing up the rankings from 11th position to 3rd, making it the biggest gainer in this edition. On the other end of the spectrum, West Bengal (WB) was ranked at the bottom among the 18 states. Karnataka received a total score of 6.78 out of 10, whereas West Bengal scored only 3.63.

      - In the category of smaller states (with populations up to 1 crore), Sikkim secured the top position, followed by Himachal Pradesh (HP) in second place and Arunachal Pradesh (AR) in third, while Goa found itself at the lowest rank among the smaller states.

Main Point :-   (i) The India Justice Report (IJR) is an annual publication initiated by Mumbai (Maharashtra)-based Tata Trusts in 2019.

      (ii) The report evaluates how 36 States and Union Territories (UTs) of India are performing across four main pillars: police, judiciary, prisons, and legal aid.It evaluates these pillars by analysing key indicators such as staff strength, availability of infrastructure, utilisation of allocated budgets, workload management, and the level of inclusivity and diversity within each system.

(iii) The 2025 edition was prepared by Tata Trusts in collaboration with organisations such as Ahmedabad (Gujarat)-based Centre for Social Justice, Common Cause, Commonwealth Human Rights Initiative (CHRI) based in New Delhi (Delhi), Bengaluru (Karnataka)-based Think-Tank and research institution DAKSH, Mumbai (Maharashtra)-based TISS-Prayas, Vidhi Centre for Legal Policy located in New Delhi (Delhi), and How India Lives (Media Company) also located in New Delhi (Delhi) as the data partner.

About Karnataka
Chief minister: Siddaramaiah
Governor: Thawar Chand Gehlot
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PNB Unveils 34 New Offerings on Its 131st Foundation Day.

Punjab National Bank (PNB), the nation’s first Swadeshi Bank and a leading public sector bank, commemorated its 131st foundation day on 12 April 2025 by unveiling 34 innovative banking products and services at its Corporate Office in Dwarka, New Delhi.


      - The newly launched suite comprises 12 customer-focused deposit initiatives and 10 cutting-edge digital solutions, highlighting PNB’s ongoing drive toward inclusive banking and technological progress.


     

     

Main Point :-   (i) The deposit schemes are specially designed for varied customer groups such as working professionals, women, armed forces personnel, farmers, NRIs, senior citizens, students, and the youth, catering to their unique financial needs.

      (ii) Among the digital solutions, notable introductions include a QR-code-based feedback mechanism, the intelligent live-chat assistant “Pihu,” and advanced internal banking tools aimed at elevating service standards for customers.

(iii) The event witnessed the presence of M Nagaraju, Secretary, Department of Financial Services (DFS) under the Ministry of Finance (MoF); along with Ashok Chandra, Managing Director (MD) and Chief Executive Officer (CEO) of PNB. He was joined by Executive Directors Kalyan Kumar, M. Paramasivam, Bibhu Prasad Mahapatra, and D. Surendran, among other senior officials.

About Punjab National Bank (PNB)
CEO: Ashok Chandra
Headquarters: New Delhi
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Oscar Piastri Clinches Victory for McLaren at 2025 Bahrain Grand Prix.

In April 2025, Australian Formula One (F1) driver Oscar Piastri, racing for the UK-based McLaren team, won the Formula 1 (F1) Gulf Air Bahrain Grand Prix (GP) 2025, held at the Bahrain International Circuit, Sakhir, Bahrain. This victory marked his second win of the 2025 F1 season and the fourth F1 career win.


      - The Bahrain GP also marked Oscar Piastri’s 50th career race start in Formula 1. With this win, he became the first driver in the 2025 season to win multiple races, having also clinched victory at the Chinese GP in March 2025.


      - Notably, Piastri became the first McLaren driver to win at the Sakhir Circuit in Bahrain since its F1 debut in 2004, ending a long wait for the team at this venue.

     

Main Point :-   (i) Oscar Piastri started from pole position and maintained a commanding lead throughout the race, ultimately finishing with a 15.499-second margin over the runner-up, George Russell of Germany-based Mercedes, who secured 2nd place despite facing gearbox issues and a malfunctioning Drag Reduction System (DRS).

      (ii) Lando Norris of McLaren secured 3rd place, finishing 16.273 seconds behind the winner. He faced a 5-second penalty due to incorrect grid positioning, but still made it to the podium.

(iii) Charles Leclerc and Lewis Hamilton, both racing for Italy-based Ferrari, secured 4th and 5th positions respectively. With this win, Oscar Piastri advanced to 2nd place in the F1 2025 Drivers' Standings, behind Lando Norris.

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World Voice Day 2025 Observed Recently on April 16 to Celebrate the Power of Voice.

World Voice Day (WVD) is observed annually on April 16 to celebrate the importance of the human voice in communication, identity, and culture. It highlights the role of the voice in both personal and professional spheres, as well as its power in artistic expression.


      - The theme for World Voice Day 2025 is "Empower Your Voice," which emphasizes the importance of vocal health and encourages individuals to care for and nurture their voices. The campaign also seeks to raise awareness about the significance of voice-related disorders.


      - The Voice Committee of the American Academy of Otolaryngology–Head and Neck Surgery (AAO-HNS) selected the theme for 2025. The organization plays a pivotal role in promoting WVD globally by advocating for vocal health and related medical research.

      - The origins of WVD trace back to Brazil on April 16, 1999, when the Brazilian Society of Laryngology and Voice (SBLV) initiated the event under the leadership of Dr. Nedio Steffen. It was initially celebrated as Brazilian Voice Day.

Main Point :-   (i) The Brazilian observance of Voice Day inspired other countries such as Argentina and Portugal to hold similar events. This growing recognition of voice health laid the foundation for WVD’s international expansion.

      (ii) In 2002, the AAO-HNS officially recognized April 16 as World Voice Day and began promoting it worldwide. This move transformed a national initiative into a globally acknowledged day dedicated to vocal health.

(iii) World Voice Day serves as a global platform to educate the public about voice care, encourage research in voice sciences and speech therapy, support artistic expression, and raise awareness for individuals dealing with voice-related disorders like spasmodic dysphonia.

About American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS)
President : Troy D. Woodard
Headquarters : Virginia, the United States of America(USA)
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PM Narendra Modi Inaugurated and Laid Foundation Stone for Development Projects Worth ₹10,000 Crore in Haryana.

In April 2025, Prime Minister (PM) Narendra Modi inaugurated and laid the foundation stone of various development projects worth Rs 10,000 crore in Yamuna Nagar district, Haryana on the occasion of the 135th birth anniversary (April 14, 2025) of Dr. Bhimrao Ambedkar, the architect of the Indian Constitution.


      - During the event, PM Modi reaffirmed the Government of India (GoI)’s commitment to a ‘Viksit Haryana’ as a major step towards building a ‘Viksit Bharat’.


      - The event was attended by several prominent leaders, including Nayab Singh Saini (Chief Minister [CM] of Haryana); Manohar Lal Khattar (Union Minister, Ministry of Housing and Urban Affairs [MoHUA]); Rao Inderjit Singh (Union Minister of State [MoS], Independent Charge, Ministry of Statistics and Programme Implementation [MoSPI]); and Krishan Pal Gurjar (Union MoS, Ministry of Cooperation [MoC]). Other dignitaries were also present, adding to the significance of the occasion.

      - PM Narendra Modi inaugurated the 3rd modern thermal power unit of 800 MW at the Deenbandhu Chhotu Ram Thermal Power Plant in Yamuna Nagar. The unit, being set up by Haryana Power Generation Corporation Limited (HPGCL) at a cost of Rs 8,469 crore, is an expansion of the existing plant (2x300 MW) and is expected to be completed within 52 months, with commercial operations starting by March 2029.

Main Point :-   (i) With the addition of this 3rd unit, Haryana’s in-house power generation capacity is projected to rise to 3,382 MW. This will enable the state to ensure uninterrupted power supply across regions, playing a crucial role in supporting the growing demand from households, industries, and agriculture, thereby strengthening the overall energy infrastructure of the state.

      (ii) PM Modi also laid the foundation stone for a Compressed Biogas (CBG) Plant under the GOBARDhan Yojana in Mukarabpur, Yamuna Nagar. The project will be jointly developed by the Municipal Corporation Yamunanagar-Jagadhri and Bharat Petroleum Corporation Limited (BPCL) at a cost of Rs 90 crore, with an estimated completion timeline of May 2027 and a production capacity of 2,600 MT annually.

(iii) In addition, he inaugurated the 14.4 km long Rewari Bypass Project, developed under the Bharatmala Pariyojana on a Hybrid Annuity Model (HAM) at a cost of Rs 1,070 crore. This 4-lane bypass connects NH-352 to NH-11 towards Narnaul, significantly reducing traffic congestion in Rewari city and cutting Delhi-Narnaul travel time by nearly one hour.

About Haryana
Chief Minister (CM) : Nayab Singh Saini
Governor : Bandaru Dattatraya
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Telangana Becomes the First Indian State to Implement Sub-Categorisation of Scheduled Castes (SCs).

In April 2025, the Government of Telangana officially implemented the Telangana Scheduled Castes (Rationalisation of Reservations) Act, 2025 through a gazette notification, making Telangana the first state in India to implement sub-categorization of Scheduled Castes (SCs)—also known as “reservation within reservation.” This initiative involves classifying 59 SC sub-castes into three groups to ensure more equitable reservations in education and employment.


      - The Telangana Government’s decision was driven by empirical data, which considered the social, economic, educational, employment, and political status of the SC communities, aiming to promote fairness and inclusivity within the reservation system.


      - On August 1, 2024, a 7-judge bench of the Supreme Court of India (SCI) upheld the constitutional validity of sub-classifying Scheduled Castes (SCs) and Scheduled Tribes (STs) to ensure the equitable distribution of reservation benefits. This landmark ruling provided the legal foundation for states to introduce sub-categorization within the existing reservation framework.

      - Following this, on March 18, 2025, the Telangana Legislative Assembly passed the SC Sub-Categorization Bill, in alignment with the Supreme Court’s judgment. The bill, titled The Telangana Scheduled Castes (Rationalisation of Reservation) Act, 2025, received the Governor’s assent on April 8, 2025, and was officially published in the Telangana Gazette on April 14, 2025.

Main Point :-   (i) Out of the 59 Scheduled Caste (SC) sub-castes in Telangana, 15 have been identified as the "most backward," representing just 0.5% of the state’s SC population. These communities have been allocated 1% reservation, which is double their population share, to improve their access to education and employment opportunities.

      (ii) A total of 18 SC sub-castes that were receiving marginal benefits under the previous system have been categorized under Group-II. These sub-castes have now been allocated 9% reservation, aiming to enhance their representation and support in both education and public sector jobs.

(iii) The remaining 26 SC sub-castes, considered to have relatively better access to social and economic opportunities, fall under Group-III and have been granted 5% reservation. Notably, out of the 59 total sub-castes, 33 continue in their earlier classification, and only 26 sub-castes, accounting for 3.43% of the SC population, have been reclassified under this new system.

About Telangana
Chief Minister (CM) : Anumula Revanth Reddy
Governor : Jishnu Dev Varma
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Crown Prince of Dubai Sheikh Hamdan bin Mohammed Concludes First Official Visit to India and 8 MoUs Signed to Boost Bilateral Ties.

Crown Prince of Dubai and United Arab Emirates (UAE)'s Deputy Prime Minister (Dy PM) and Defence Minister, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, paid his first two-day official visit to India from 8th to 9th April 2025. The visit was in response to an invitation extended by Prime Minister (PM) Narendra Modi.


      - The Crown Prince arrived in India accompanied by senior officials, ministers, and business leaders, and was accorded a ceremonial Guard of Honour upon his arrival.


      - Prime Minister Narendra Modi welcomed the Crown Prince at his residence on Lok Kalyan Marg, New Delhi. During the meeting, PM Modi presented Sheikh Hamdan with a replica of the traditional cloak worn by the Sheikh’s grandfather.

      - Both leaders engaged in discussions to deepen the Comprehensive Strategic Partnership (CSP), enhance cultural ties, and promote cooperation in key areas such as defence, trade, technology, space, and connectivity.

Main Point :-   (i) The Indian Institute of Foreign Trade (IIFT), based in New Delhi, is set to establish its first overseas campus at the India Pavilion in Expo City, Dubai. This marks a significant step in bolstering India-UAE educational collaboration. The move follows the 2024 launch of the first Indian Institute of Technology (IIT) campus in the Middle East, located in Abu Dhabi, Dubai.

      (ii) The construction of Bharat Mart has commenced, alongside the unveiling of its 3D (Three-Dimensional) model. Additional announcements were made regarding the Virtual Trade Corridor (VTC) and the MAITRI platform (Market Access and Information through Technology for Responsive International Trade). These initiatives highlight the robust trade relationship between India and the UAE under the Comprehensive Economic Partnership Agreement (CEPA).

(iii) India-UAE bilateral trade is projected to surpass USD 97 billion, moving closer to the USD 100 billion non-oil trade target.

About United Arab Emirates (UAE)
President: Sheikh Mohamed bin Zayed bin Al Nahyan
Capital: Abu Dhabi
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Odisha Joins as 34th State to Roll Out Ayushman Bharat PM-JAY Scheme.

In April 2025, the Government of Odisha, in collaboration with the Ministry of Health and Family Welfare (MoHFW), launched three major health schemes—Ayushman Bharat Pradhan Mantri-Jan Arogya Yojana (AB PM-JAY), Gopabandhu Jan Arogya Yojana, and Ayushman Vaya Vandana Yojana—during a grand event held in Cuttack, Odisha.


      - The event was graced by the presence of several prominent leaders including Union Minister Jagat Prakash Nadda (MoHFW), Odisha CM Mohan Charan Majhi, Union Minister Jual Oram (Ministry of Tribal Affairs), and Mukesh Mahaling, Odisha’s Minister of Health and Family Welfare, along with other dignitaries.


      - Odisha officially became the 34th state in India to implement the AB PM-JAY scheme, integrating central and state-level healthcare initiatives to provide better coverage to its citizens.

      - Under AB PM-JAY, approximately 1.03 crore families, covering around 3.52 crore individuals in Odisha, are set to benefit from the health insurance scheme. Each family will receive health coverage of up to ₹5 lakh per year, and senior citizens aged 70 and above will be eligible for free treatment up to ₹5 lakh regardless of income level.

Main Point :-   (i) A robust hospital network of around 29,000 empanelled hospitals, both within and outside Odisha, will accept the new health cards issued under the scheme, ensuring seamless access to healthcare services for beneficiaries.

      (ii) The Gopabandhu Jan Arogya Yojana, renamed from the earlier Biju Swasthya Kalyan Yojana (BSKY), focuses on providing healthcare access to the economically weaker sections in Odisha. It offers free health coverage of up to ₹5 lakh in rural areas and ₹6 lakh in urban areas, for all permanent residents selected under the scheme.

(iii) The Ayushman Vaya Vandana Yojana aims to support the health needs of senior citizens aged 70 years and above, irrespective of socio-economic background. The scheme ensures free access to essential medical treatments, removing financial barriers for the elderly.

About Odisha
Chief minister: Mohan Charan Majhi
Governor: Hari Babu Kambhampati
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UAE Recently Elected as Chair of INTERPOL's Governance Committee.

In April 2025, the Ministry of Interior of the United Arab Emirates (UAE) was recently elected to chair the International Criminal Police Organization (INTERPOL)'s Committee on Governance, one of INTERPOL’s key advisory bodies. With this, the UAE became the first country to lead this newly formed standing committee, and will serve a two-year term.


      - Lieutenant Colonel Dana Humaid Al Marzouqi, Director General (DG) of the International Affairs Bureau at the UAE Ministry of Interior, secured 67% of the total votes from representatives of INTERPOL member states during the committee session held in Lyon, France.


      - As part of its mandate, the UAE will be responsible for leading discussions on INTERPOL’s governance, representing the committee in reports to the General Assembly and Executive Committee, and coordinating with member states to strengthen INTERPOL's overall functioning.

      - The Committee on Governance was established in November 2024 through a resolution passed during the 92nd General Assembly of INTERPOL, held in Glasgow, United Kingdom (UK).

Main Point :-   (i) The committee is assigned to monitor reviews of INTERPOL’s statutes, regulations, and related documents, and to propose necessary amendments or clarifications for improved clarity and relevance.

      (ii) It consists of high-level experts in governance and international law from member states, enabling diverse and inclusive participation in the committee’s activities.

(iii) The committee also offers guidance to the General Assembly on interpreting and improving INTERPOL’s foundational legal frameworks, thereby ensuring greater transparency and operational efficiency.

About International Criminal Police Organization (INTERPOL)
Secretary General : Valdecy Urquiza (Brazil)
Headquarters : Lyon, France
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NPCI Updates UPI Guidelines, Introduces Fresh Transaction Limits.

In April 2025, the National Payments Corporation of India (NPCI), headquartered in Mumbai, Maharashtra, introduced key updates to the Unified Payments Interface (UPI) framework. These changes, which came into effect on 4th April 2025, are aimed at boosting user security and minimizing fraudulent activities across digital transactions.


      - One of the most significant changes is the discontinuation of international QR code payments using the "QR Share & Pay" method. This move affects users attempting to make payments by scanning QR codes shared through messaging apps or social media platforms while abroad.


      - Non-Resident Indians (NRIs) and other Indian users overseas can no longer scan shared QR codes via apps like WhatsApp to complete transactions. However, in-person scanning of QR codes at physical merchant locations abroad remains permitted, ensuring legitimate international purchases are still supported.

      - NPCI has also capped domestic transactions involving QR Share & Pay payments to non-verified offline merchants at Rs. 2,000 per transaction. This measure is intended to prevent fraud and encourage merchants to undergo proper verification and registration.

Main Point :-   (i) By restricting the transaction limit with unverified merchants, NPCI hopes to foster trust and transparency in small-scale peer-to-merchant (P2M) digital transactions across India, particularly in informal retail sectors.

      (ii) Another critical revision includes the prohibition of "collect requests" for reloading wallets. Merchants can no longer send UPI requests asking users to load money into prepaid wallets or gift cards, which had been commonly exploited in scams.

(iii) Instead, users will now be required to manually initiate wallet recharges using push-based transactions. This change gives consumers greater control over their funds and helps reduce unauthorized deductions due to fraudulent requests.

About National Payments Corporation of India (NPCI)
MD & CEO : Dilip Asbe
Headquarter : Mumbai
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RBI Slaps ₹3.20 Lakh Fine on Citibank for Breaching FEMA Guidelines.

In April 2025, the Reserve Bank of India (RBI), headquartered in Mumbai, Maharashtra, imposed a monetary penalty of ₹3.20 lakh on Citibank N.A., a banking institution based in New York, United States of America (USA), for violating provisions under the Foreign Exchange Management Act (FEMA), 1999.


      - The penalty was imposed for contravention of Section 10(4) of FEMA, 1999, which outlines the obligations of authorized persons to ensure compliance with rules related to foreign exchange dealings.


      - The RBI found that Citibank N.A. failed to conduct proper due diligence while processing inward remittances originating from a Foreign Currency Account held by one of its clients. This lapse was considered a breach of regulatory norms meant to prevent misuse of cross-border fund flows.

      - As per the provisions of Section 11(3) of FEMA, the RBI exercised its authority to levy the fine, emphasizing the need for vigilance and compliance among authorized dealers of foreign exchange.

Main Point :-   (i) Prior to the imposition of the penalty, the RBI had issued a Show Cause Notice to Citibank N.A., requesting justification for the suspected violation. The bank submitted a written response and also provided oral submissions during the proceedings.

      (ii) After a thorough evaluation of the case and the explanations provided, the RBI determined that the violation was established, and thus proceeded with the monetary penalty.

(iii) This action highlights RBI’s ongoing commitment to enforcing strict compliance with FEMA guidelines to ensure transparency and due diligence in foreign exchange transactions.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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Telangana Inks MoU with Godrej Capital to Boost Credit Support for MSMEs.

In April 2025, Godrej Capital Limited, the financial services arm of the Godrej Industries Group, headquartered in Mumbai, Maharashtra, signed a Memorandum of Understanding (MoU) with the Government of Telangana to strengthen the growth of Micro, Small, and Medium Enterprises (MSMEs) across the state by expanding access to credit and business development opportunities.


      - As per the agreement, both Godrej Capital and the Telangana Government will work in close coordination to accelerate wider credit penetration for MSMEs, particularly in semi-urban and emerging markets within the state.


      - This strategic collaboration is designed to enhance the MSME ecosystem by offering better access to formal credit channels, especially for first-time and underserved borrowers, thereby supporting sustainable entrepreneurship.

     

Main Point :-   (i) A key objective of this initiative is to bridge the credit gap in Telangana, foster entrepreneurial ventures, and fuel inclusive economic growth in the region's developing business corridors.

      (ii) The partnership will emphasize digital-first lending solutions, tailored to meet the unique financial needs and operational models of MSMEs, ensuring faster, simpler, and tech-enabled financing options.

(iii) A special highlight of the collaboration is the integration of Godrej Capital’s women-centric initiative ‘Aarohi’, which aims to provide focused support and financial inclusion opportunities to women entrepreneurs across Telangana.

About Telangana
Governor: Jishnu Dev Varma
Chief minister: Revanth Reddy
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Justice Dinesh Maheshwari Named Chairperson of 23rd Law Commission of India.

In April 2025, the Ministry of Law and Justice (MoL&J) appointed Justice Dinesh Maheshwari, former judge of the Supreme Court of India, as the Chairperson of the 23rd Law Commission of India (LCI). He succeeds Justice (Retired) Ritu Raj Awasthi, the previous chairperson.


      - Alongside his appointment, Advocate Hitesh Jain and Professor D.P. Verma have been inducted as full-time members of the 23rd LCI. Their tenure will continue until 31st August 2027.


     

     

Main Point :-   (i) The 23rd Law Commission of India was formally constituted with effect from 1st September 2024, for a three-year term, following the completion of the 22nd Commission's tenure on 31st August 2024.

      (ii) The primary objectives of the Commission include reviewing obsolete and outdated laws to recommend suitable repeals or amendments, and evaluating the feasibility of implementing a Uniform Civil Code (UCC) across the country.

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T Koshy Resigns as CEO of Open Network for Digital Commerce (ONDC).

In April 2025, T Koshy, the Managing Director (MD) and Chief Executive Officer (CEO) of the Open Network for Digital Commerce (ONDC), stepped down after successfully completing his three-year tenure. His last working day has been set as June 30, 2025.


      - Following his resignation, the ONDC board has temporarily delegated his responsibilities to an executive committee. However, Koshy will continue to offer advisory support to the organization for the next three months.


     

     

Main Point :-   (i) Prior to his role at ONDC, T Koshy held the position of Executive Director (ED) at the National Securities Depository Limited (NSDL). He also served for over a decade as a Partner at Ernst & Young (EY).

      (ii) ONDC, established in 2021, is a Section 8 (not-for-profit) entity initiated by the Ministry of Commerce and Industry (MoC&I).

(iii) It is not a conventional application or software platform, but rather a set of open specifications designed to facilitate interoperable and inclusive digital commerce across India.

About ONDC
CEO: Thampy Koshy
Founded: 2021
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Mohun Bagan Super Giant Clinches 2024–25 ISL Championship Title.

In April 2025, Mohun Bagan Super Giant (MBSG), a Kolkata (West Bengal)-based football club (FC), recently clinched the title of the 11th edition of the Indian Super League (ISL) 2024–25 by defeating Bengaluru FC with a score of 2–1 in the final match held at the Vivekananda Yuba Bharati Krirangan Stadium, Kolkata.


      - This win marked MBSG’s second ISL title, with their first triumph coming in the 2022–23 season, when they were known as ATK Mohun Bagan. With this victory, MBSG also became only the second team in ISL history, after Mumbai City FC (2020–21), to win both the ISL Winners Shield and the ISL Title in a single season.


      - Pokemon acted as the Official Sponsor of the ISL 2024–25 Final, while Hero MotoCorp Limited continued to be the Title Sponsor of the tournament.

      - During the 2024–25 season, MBSG secured the ISL Winners Shield by defeating Odisha FC, showcasing consistent performance throughout the league stage.

Main Point :-   (i) In the Indian Super League (ISL) 2024–25 season, Alaaeddine Ajaraie of NorthEast United FC (NEUFC) emerged as the standout performer, clinching both the Golden Boot (Top Scorer) and Golden Ball (Best Player) awards. Vishal Kaith of Mohun Bagan Super Giant (MBSG) was awarded the Golden Glove for the most clean sheets. Brison Fernandes from FC Goa (FCG) was named the Emerging Player of the Season. Jamshedpur FC won the award for the Best Grassroot Program, while Punjab FC was recognized for having the Best Elite Youth Program.

      (ii) The Indian Super League (ISL) is India’s premier professional football league, established in 2014. It is co-promoted by the All India Football Federation (AIFF) based in New Delhi, Reliance Industries Limited from Mumbai, and Star India. In 2019, the league gained official recognition as the top-tier domestic league of India by both FIFA (Zurich, Switzerland) and the Asian Football Confederation (AFC) (Kuala Lumpur, Malaysia).

(iii) The ISL features 13 clubs competing for two major titles: the ISL Winners Shield, awarded to the team topping the league table, and the ISL Title, given to the winner of the playoffs. Notably, in the 2023–24 season, the ISL Title was won by Mumbai City FC.

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Cricket Set to Make Olympic Comeback After 128 Years at LA 2028 Games.

In April 2025, the International Olympic Committee (IOC), headquartered in Lausanne, Switzerland, officially confirmed that cricket will return to the Olympic Games at the 2028 Los Angeles (LA) Olympics after a 128-year hiatus. Cricket last featured at the 1900 Paris Olympics, where only one match was played between Great Britain and France.


      - The Olympic cricket event will follow the T20 (Twenty20) format, with six teams each in the men's and women's tournaments vying for medals.


      - A total of 90 athlete slots have been allocated for each gender, permitting 15-member squads per team. This marks a significant addition to the Games, which will feature a record 351 medal events at LA 2028—22 more than the Paris 2024 Olympics. Despite this expansion, the overall athlete quota remains capped at 10,500, with 698 additional slots allotted to accommodate new sports.

      - While the final qualification process is yet to be detailed, the host nation—the United States of America (USA)—is expected to receive a direct entry. The remaining teams will qualify based on the International Cricket Council (ICC) rankings.

Main Point :-   (i) The venues for the cricket tournaments in Los Angeles are yet to be finalized, and details regarding scheduling will be released closer to the event.

      (ii) The ICC currently includes 12 full-member countries—such as India, Australia, and England—alongside 94 associate members, many of whom could be contenders for Olympic qualification.

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Former Indian Basketball Captain Hari Dutt Kapri Passes Away Recently at Age 83.

In April 2025, former Indian basketball team captain Hari Dutt Kapri passed away recently at the age of 83 in Pithoragarh, Uttarakhand. Born in 1942 in Chiiriyakhan village of the Muwani area in Pithoragarh district, Uttarakhand, he was a celebrated figure in Indian sports history.


      - He was honoured with the prestigious Arjuna Award in 1969, one of India’s highest accolades for excellence in sports, recognising his significant contributions to basketball.


      - Hari Dutt Kapri led the Indian basketball team during its golden era from 1965 to 1978. Under his leadership, the national team climbed from the 7th to 4th position in Asia in 1969, showcasing a remarkable leap in international performance.

     

Main Point :-   (i) After retiring from active sports, Kapri served in the Uttarakhand Police. He also played a key role in nurturing young talent by working as a basketball coach and trainer, greatly impacting grassroots sports development in Uttarakhand.

      (ii) In recognition of his lifelong dedication to basketball, the Uttarakhand Government honoured him with a Lifetime Achievement Award, celebrating his enduring legacy in the sport.

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Autobiography 'The India I Saw' of Freedom Fighter S. Ambujammal Released.

Historian Sriram V translated freedom fighter S. Ambujammal's 1973 Tamil autobiography ‘Nan Kanda Bharatham’ into English as ‘The India I Saw: A Glimpse into the Life of S. Ambujammal’. The book was recently published by New Delhi (Delhi)-based Rupa Publications.


      - The book is notable for documenting over 65 previously undocumented rebels, with Sriram V mentioning that many more are likely to exist, thus shedding light on lesser-known contributors to India’s freedom struggle.


     

     

Main Point :-   The autobiography presents a subaltern viewpoint, offering a grassroots narrative of India’s path to independence. It also highlights the struggles faced by women in 20th-century India, establishing the work as a vital historical and social record.

     

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World Art Day Celebrated on 15 April 2025.

World Art Day (WAD) is observed annually on April 15 across the globe to highlight the importance of art in fostering creativity, cultural exchange, and sustainable development. It aims to enhance the relationship between artistic creations and society, while also promoting global awareness of diverse forms of artistic expression.


      - The theme for WAD 2025 was "DNA - Do No Algorithm," which underscores the value of human imagination and creativity as a counterbalance to the rise of AI-generated art.


      - The celebrations are led by the International Association of Art/Association Internationale des Arts Plastiques (IAA/AIAP), a Paris (France)-based NGO that works in partnership with the United Nations Educational, Scientific and Cultural Organization (UNESCO).

     

Main Point :-   (i) In April 2011, the 17th General Assembly of the IAA/AIAP held in Guadalajara, Mexico, adopted a proposal by the Turkish National Committee to observe April 15 as World Art Day.

      (ii) The first World Art Day was celebrated on April 15, 2012.

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Madhya Pradesh Declares 25th Wildlife Sanctuary Named After Dr. B.R. Ambedkar in Sagar District.

In April 2025, the Government of Madhya Pradesh (MP) declared its 25th Wildlife Sanctuary (WLS), named Dr. Bhimrao Ambedkar Abhyaran, covering an area of 258.64 square kilometres (sq. km) in the Sagar district of Madhya Pradesh.


      - The sanctuary was formally notified under the Wildlife Protection Act, 1972, and was inaugurated on 14th April 2025, commemorating the 134th birth anniversary of Dr. Bhimrao Ramji Ambedkar.


      - The creation of this WLS aims to strengthen wildlife conservation, safeguard regional biodiversity, and promote sustainable eco-tourism along with generating employment opportunities in the region. Madhya Pradesh retains its title as the “Tiger State of India.”

      - Dr. Bhimrao Ambedkar Abhyaran is situated within the North Sagar Forest Division, encompassing forested regions in Banda Tehsil and Shahgarh of the Sagar district, Madhya Pradesh (MP). It has been strategically planned to serve as a protected wildlife corridor between the Panna Tiger Reserve in the Bundelkhand region and the Madhav Tiger Reserve in the Gwalior-Chambal region.

Main Point :-   (i) This corridor is expected to play a crucial role in developing the longest and largest tiger corridor in North-Central India, facilitating the safe movement of various species including tigers, cheetahs, leopards, wolves, gharials, and vultures. It further enhances landscape-level connectivity between Madhav Tiger Reserve and Ranthambore Tiger Reserve in Sawai Madhopur, Rajasthan, via the Kuno National Park in Sheopur, MP — known for housing African cheetahs.

      (ii) Madhya Pradesh is already home to several significant wildlife sanctuaries and tiger reserves such as Pench, Kanha, Bandhavgarh, Satpura, and Panna, reinforcing its status as a major biodiversity hotspot in India. The declaration of this new sanctuary adds to the conservation efforts aimed at preserving both flora and fauna.

(iii) As a national comparison, Ranthambore National Park in Rajasthan is among the largest and most famous tiger reserves in the country. Interestingly, the Andaman and Nicobar Islands have the highest number of Wildlife Sanctuaries (WLS) in India, with a total of 97 sanctuaries among all states and Union Territories.

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India and Italy Strengthen Bilateral Ties During Deputy PM Antonio Tajani’s Official Visit from April 11–12, 2025.

The Deputy Prime Minister (PM) and Minister of Foreign Affairs & International Cooperation of Italy, Antonio Tajani, was on an official 2-day state visit to India from April 11 to 12, 2025.


      - He was accompanied by Anna Maria Bernini, Minister of University and Research, and a high-level delegation comprising business leaders, academic institutions, and research organisations.


      - During the visit, Deputy PM Antonio Tajani called on the President of India, Droupadi Murmu, at Rashtrapati Bhavan, New Delhi, and discussed the strengthening of bilateral ties between India and Italy.

     

Main Point :-   (i) On April 11, 2025, External Affairs Minister (EAM) Dr. S. Jaishankar, Union Minister of Commerce & Industry Piyush Goyal, and Antonio Tajani jointly co-chaired the 1st India-Italy Business, Science and Technology Forum in New Delhi.

      (ii) On the same day, Anna Maria Bernini, Minister of University and Research (Italy), called on Union Minister of State (Independent Charge) Dr. Jitendra Singh, Ministry of Science and Technology (India), in New Delhi.

(iii) During this meeting, both ministers signed a Memorandum of Understanding (MoU) to enhance bilateral collaboration in the fields of science and technology.

About Italy
Prime Minister : Giorgia Meloni
Capital : Rome
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India's Raw Silk Production Sees Steady Growth with 16.46% Boost in Exports in 2023-24.

According to recent data released by the Ministry of Textiles (MoT), India has shown a consistent rise in silk production and exports from 2017-18 to 2023-24, reflecting its strengthened capacity in sericulture and growing significance in the global silk market.


      - India holds the position as the second-largest producer and consumer of silk in the world, with sericulture being deeply rooted in its historical, cultural, and economic fabric.


      - Raw silk production in India has increased from 31,906 Million Tonnes (MT) in 2017-18 to 38,913 MT in 2023-24, indicating significant growth in domestic sericulture output.

     

Main Point :-   (i) Silk and silk goods exports rose from Rs.1,649.48 crores in 2017-18 to Rs.2,027.56 crores in 2023-24, showcasing a 16.46% export boost.

      (ii) This growth is attributed to the expansion of mulberry plantations, which increased from 223,926 hectares (ha) in 2017-18 to 263,352 ha in 2023-24. Consequently, mulberry silk production also grew from 22,066 MT to 29,892 MT during the same period.

(iii) According to the Directorate General of Commercial Intelligence and Statistics (DGCIS), India exported 3,348 MT of silk waste in the financial year 2023-24, further contributing to its global trade footprint in the silk sector.

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India Enhances Polymer Sector with Plastic Parks Scheme and Ranks 12th Globally in Plastic Exports.

The Department of Chemicals and Petro-Chemicals under the Ministry of Chemicals and Fertilizers is implementing the Scheme for Setting up of Plastic Parks under the umbrella initiative New Scheme of Petrochemicals. The scheme aims to develop Plastic Parks equipped with state-of-the-art infrastructure and common facilities to promote polymer-based industrial growth.


      - According to 2022 World Bank estimates, India ranks 12th globally in plastic exports.


      - India’s plastic export value has shown substantial growth, rising from 8.2 million thousand USD in 2014 to an estimated 27 million thousand USD in 2022.

      - The Government of India, through the Scheme for Setting up of Plastic Parks, offers financial assistance to support project implementation. Under this initiative, up to 50% of the project cost is covered, subject to a maximum ceiling of Rs. 40 crores per project. This substantial financial aid aims to encourage the development of world-class infrastructure in the plastics sector.

Main Point :-   (i) The scheme is designed to enhance the competitiveness, polymer absorption capacity, and value addition in India’s domestic downstream plastic processing industry.

      (ii) It also aims to boost investments, expand production capacities, and encourage export-oriented growth in the sector by facilitating an enabling environment for stakeholders.

(iii) To ensure sustainable industrial growth, the scheme emphasizes the use of environmentally responsible methods. Additionally, it adopts a cluster development approach, which focuses on resource optimization, economies of scale, and improved coordination among stakeholders to achieve greater efficiency and impact.

About Ministry of Chemicals and Fertilizers
Minister : Jagat Prakash Nadda
Headquarter : New Delhi
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CPCB Launches 'Blue Category' to Regulate High-Pollution Incineration Industries in India.

In April 2025, the Central Pollution Control Board (CPCB), based in New Delhi, Delhi, introduced a new category of industries termed the ‘Blue Category.’ This classification is based on Essential Environmental Services (EES) aimed at managing pollution caused by anthropogenic (human-induced) activities.


      - Previously, Waste-to-Energy (WTE) incineration industries, which use the process of burning unsegregated Municipal Solid Waste (MSW) to produce "dirty electricity," were classified as 'Red Category' industries by CPCB.


      - Industries under the Blue Category will be granted an additional two years of validity for their Consent to Operate (CTO), allowing them to continue operations based on their Pollution Index (PI).

     

Main Point :-   (i) The new classification is based on the 'precautionary principle,' meaning industries are assessed for their potential to pollute the environment, even before actual damage occurs.

      (ii) Industries producing minimal hazardous waste will also be classified under the Blue Category.

(iii) This includes sectors such as composting, Compressed Biogas (CBG) plants, Sewage Treatment Plants (STPs), and Material Recovery Facilities (MRF). Despite having a high Pollution Index (PI) of 97.6, Waste-to-Energy (WTE) plants have been included in the Blue Category due to the environmental services they provide.

About Central Pollution Control Board (CPCB)
Chairman: Amandeep Garg
Headquarter : New Delhi
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MoC Inks CMDPAs for Marwatola-II and Namchik West Coal Blocks to Boost Coal Production.

In April 2025, the Ministry of Coal (MoC), Government of India (GoI), signed Coal Mine Development and Production Agreements (CMDPAs) with the successful bidders for two coal mines — Marwatola-II and Namchik West — under the 11th round of commercial coal mining auctions.


      - This initiative aligns with India’s strategic goals of enhancing energy security and achieving self-reliance in coal production.


      - Marwatola-II, located in Madhya Pradesh (MP), has been awarded to Singhal Business Private Limited, based in Raipur, Chhattisgarh. The Namchik West mine, located in Arunachal Pradesh (AR), has been awarded to PRA Nuravi Coal Mining Private Limited, also based in Raipur.

      - Out of the two coal blocks, one is fully explored, while the other is partially explored, indicating varied readiness levels for commercial development.

Main Point :-   (i) The two coal blocks have a combined Peak Rated Capacity (PRC) of approximately 0.34 Million Tonnes Per Annum (MTPA).

      (ii) An initial investment of around Rs. 55 crore is projected to operationalize the mines, which are expected to yield annual revenue of about Rs. 106.14 crore.

(iii) With the inclusion of these two coal mines, the Ministry of Coal has signed CMDPAs for a total of 120 coal mines under the commercial auction framework. These collectively represent a cumulative PRC of 265.64 MTPA, annual revenue generation of Rs. 37,300 crore, and projected investments worth Rs. 39,900 crore.

About Ministry of Coal (MoC)
Cabinet Minister : G. Kishan Reddy
Headquarters: New Delhi
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IIT-Madras Collaborates with Ziroh Labs to Launch 'Kompact AI', a CPU-Based Platform Aimed at Democratizing AI Access.

In April 2025, Chennai (Tamil Nadu)-based Indian Institute of Technology Madras (IIT Madras) and California (USA)-based Ziroh Labs, in collaboration with IIT-M Pravartak Technologies Foundation, launched ‘Kompact AI’, a CPU-based AI platform. This platform allows for the development and deployment of Artificial Intelligence (AI) models on Central Processing Units (CPUs) without the need for Graphics Processing Units (GPUs), supporting India’s “AI for All” initiative to bridge the digital divide.


      - The collaboration also established the Centre of AI Research (CoAIR) to overcome compute accessibility barriers in India.


      - The centre is focused on developing practical AI solutions optimized for CPU and edge device inferencing, benefiting startups, Micro, Small, and Medium Enterprises (MSMEs), and government bodies.

      - ‘Kompact AI’ empowers users to deploy AI models directly on conventional Central Processing Units (CPUs), significantly reducing reliance on costly Graphics Processing Units (GPUs). Additionally, it is designed to function effectively without a constant internet connection, making it highly suitable for deployment in remote and underserved areas with limited digital infrastructure.

Main Point :-   (i) The platform has achieved successful optimization of 17 AI models—including notable ones like DeepSeek, Qwen, and Llama—for CPU-based inference. These optimizations are backed by benchmarking support from IIT Madras, ensuring reliable performance even on low-resource hardware.

      (ii) By minimizing infrastructure costs, Kompact AI makes artificial intelligence more accessible to startups, researchers, and Micro, Small, and Medium Enterprises (MSMEs). This cost-efficient approach supports broader adoption of AI across various sectors and helps democratize technology for wider societal impact.

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University of Jammu Honoured at 11th Annual Breakthrough Prizes 2025 for Scientific Excellence.

In April 2025, the 11th Annual Breakthrough Prizes—widely known as the Oscars® of Science—were announced by the Breakthrough Prize Foundation in a grand ceremony held in Santa Monica, California, USA. The prestigious event celebrated groundbreaking contributions in the fields of science and mathematics.


      - India’s contribution was highlighted as the High Energy Physics Group from the Department of Physics, University of Jammu (Jammu & Kashmir), was recognized as part of the international collaboration awarded the 2025 Breakthrough Prize in Fundamental Physics.


      - This acknowledgment underscores the university’s significant role in advancing global scientific research.

      - The Breakthrough Prize in Fundamental Physics was awarded to 13,508 physicists worldwide, including participants from the Department of Physics and Astronomy at Stony Brook University (SBU), New York, USA.

Main Point :-   (i) Six New Horizons Prizes, each worth USD 100,000, were awarded to eight early-career physicists and mathematicians for their promising research contributions.

      (ii) Three women mathematicians, who recently earned their PhDs, received the Maryam Mirzakhani New Frontiers Prize, with each recipient being awarded USD 50,000.

(iii) The total prize money awarded in 2025 amounted to USD 18.75 million.

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Daniel Noboa Secures Re-election as President of Ecuador.

In April 2025, Daniel Roy Gilchrist Noboa Azín was re-elected as the President of Ecuador for a full 4-year term after securing 55.8% of the votes in the presidential election. He defeated Luisa González of the Citizen Revolution Movement, who received 44% of the vote share.


      - This victory marks Daniel Noboa’s second term as President of Ecuador. He initially rose to power in November 2023 after winning a snap general election held for a shortened 16-month term, becoming the youngest President in the country's history at age 35.


      - He succeeded Guillermo Alberto Santiago Lasso Mendoza, a businessman and politician who served as the 47th President of Ecuador from 2021 to 2023.

     

Main Point :-   (i) Daniel Noboa is an Ecuadorian politician and businessman representing the National Democratic Action (ADN) alliance. He is the son of Alvaro Noboa, Ecuador’s wealthiest man and a prominent banana industry tycoon who ran unsuccessfully for the presidency multiple times.

      (ii) Noboa began his political journey in 2021, when he was elected to the National Assembly of Ecuador from the Santa Elena province as a member of the United Ecuadorian Movement. He gained national recognition for his firm stance on crime, notably through measures such as deploying the military to tackle drug trafficking and constructing high-security prisons to isolate gang leaders.

(iii) With his re-election in April 2025, Daniel Noboa now holds a full 4-year term to carry forward his political vision. His administration is expected to prioritize crime reduction, anti-drug campaigns, and national security reforms as key elements of his governance agenda.

About Ecuador
President : Daniel Noboa
Capital : Quito
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Brice Oligui Nguema Elected as Gabon's President for a 7-Year Term.

In April 2025, Brice Clotaire Oligui Nguema, who had been serving as the interim President of Gabon, was officially elected as the President of Gabon, as per the provisional results declared by the Ministry of Interior (MoI) of Gabon.


      - He won by a significant margin, securing 90.35% of the total votes, while his nearest competitor, former Prime Minister Alain Claude Bilie-By-Nze, received only 3% of the vote share.


      - With this victory, Brice Oligui Nguema begins a full seven-year presidential term.

      - This was Gabon’s first presidential election since the 2023 military coup, which ended the Bongo political dynasty that ruled Gabon for over 56 years.

Main Point :-   (i) Brice Oligui Nguema is a Gabonese politician and military leader who assumed interim presidency in August 2023 after removing President Ali Bongo Ondimba, who served from 2009 to 2023.

      (ii) He led the Committee for the Transition and Restoration of Institutions (CTRI), the military junta that ruled Gabon post-coup.

(iii) Since 2020, he has also served as the Commander-in-Chief of the Gabonese Republican Guard.

About Gabon
President : Brice Clotaire Oligui Nguema
Capital : Libreville
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DRDO Successfully Tests Mk-II Laser Directed Energy Weapon (DEW) System in Andhra Pradesh.

In April 2025, the Defence Research and Development Organisation (DRDO), headquartered in New Delhi, successfully conducted the field trial of its vehicle-mounted Mk-II (A) Laser-Directed Energy Weapon (DEW) system. The test took place at the National Open Air Range (NOAR) located in the Kurnool district of Andhra Pradesh.


      - This trial marked a significant advancement in India’s defence capabilities, showcasing indigenous innovation under challenging environmental conditions.


      - The Laser-DEW Mk-II(A) was tested for operational efficiency in extreme weather conditions and demonstrated its ability to engage targets at a range of 3.5 kilometres. With this successful trial, India has become the fourth country in the world—after the United States, Russia, and China—to possess a Star Wars-like DEW system, placing it among the global leaders in laser weapon technology.

      - The Mk-II Laser DEW is a powerful 30 kilowatt (KW) laser-based weapon designed to disable, degrade, or destroy small unmanned aerial vehicles (UAVs), swarm drones, missiles, and other surveillance or attack sensors. The weapon works by directing a concentrated beam of light to heat and damage the target, achieving high-impact results with surgical precision.

Main Point :-   (i) The Mk-II Laser Directed Energy Weapon (DEW) was indigenously developed by DRDO’s CHESS, Hyderabad, in collaboration with labs like LRDE (Bengaluru), IRDE (Dehradun), DLRL (Hyderabad), academic institutions, and Indian industries, showcasing a unified national effort in advanced defence technology development.

      (ii) This laser-based DEW system offers ultra-fast engagement speed and precise targeting, making it highly effective against aerial threats like drones and missiles. Its compact design, operational simplicity, and low-cost nature make it a promising replacement for traditional kinetic or missile defence systems.

(iii) Equipped with radar and electro-optic systems, the DEW detects targets and emits a powerful laser beam that causes structural damage within seconds. It significantly reduces ammunition dependency and collateral damage, marking a transformative leap in India’s future battlefield strategy and defence capability.

About Defence Research and Development Organisation (DRDO)
Chairman : Dr. Samir Vankatpati Kamat
Headquarters: New Delhi
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Nobel Laureate & Peruvian Literary Legend Mario Vargas Llosa Passes Away Recently.

In April 2025, Mario Vargas Llosa, the Nobel Prize-winning Peruvian novelist and a towering figure in Latin American literature, passed away at the age of 89 in Lima, Peru, on 13th April 2025, surrounded by his family.


      - He was a prolific author and essayist, renowned for his celebrated novels such as The Time of the Hero (La Ciudad y los Perros) and The Feast of the Goat.


      - His literary contributions earned him global recognition, including the Nobel Prize in Literature in 2010, honoring his profound influence on modern storytelling and political thought.

      - Mario Vargas Llosa was born on March 28, 1936, in Arequipa, Peru, as Jorge Mario Pedro Vargas Llosa. His early life was marked by challenges, with his parents separating before his birth. Despite these beginnings, he pursued his passion for literature and journalism, which would later place him among the most influential literary voices of the 20th century.

Main Point :-   (i) Mario Vargas Llosa rose to international prominence during the Latin American literary "Boom" of the 1960s and 1970s, a period of explosive growth in Latin American literature. He was a central figure in this movement, alongside other iconic writers like Gabriel García Márquez and Carlos Fuentes. Vargas Llosa's work is known for its intricate narratives, political engagement, and deep social commentary.

      (ii) Vargas Llosa earned widespread acclaim in the 1960s with novels such as The Time of the Hero (La ciudad y los perros, 1963/1966), The Green House (La casa verde, 1965/1968), and Conversation in The Cathedral (Conversación en La Catedral, 1969/1975). These novels addressed themes like authoritarianism, corruption, and personal freedom, cementing his reputation as a master storyteller and political thinker.

(iii) Over the years, Mario Vargas Llosa received many prestigious awards, including the 2010 Nobel Prize in Literature for portraying power and resistance. He was also honored with the Miguel de Cervantes Prize (1994), Jerusalem Prize (1995), Carlos Fuentes Prize (2012), and Pablo Neruda Order of Artistic and Cultural Merit (2018).

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World Chagas Disease Day Observed on 14 April 2025.

World Chagas Disease Day (WCDD) is observed globally every year on April 14 to raise awareness about Chagas disease, also known as American trypanosomiasis. This Neglected Tropical Disease (NTD) is caused by the protozoan parasite Trypanosoma cruzi (T. cruzi). Background:


      - The observance promotes the importance of early diagnosis, comprehensive treatment, and equitable healthcare access for affected individuals.


      - The theme for WCDD 2025 is "Prevent, Control, Care: Everyone's Role in Chagas Disease", underscoring the shared responsibility of governments, healthcare providers, and communities in preventing and managing the disease.

     

Main Point :-   (i) In May 2019, the World Health Organization (WHO), during the 72nd World Health Assembly (WHA), officially designated April 14 as World Chagas Disease Day.

      (ii) The first-ever observance of WCDD took place on April 14, 2020.

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National Fire Service Day Observed on 14 April 2025.

National Fire Service Day (NFSD) is observed annually on April 14 in India to honour the brave firefighters who lost their lives in the line of duty, most notably during the Bombay Dock Explosion of 1944.


      - This date also marks the start of Fire Service Week (FSW), observed from April 14 to 20, to promote fire safety awareness among the public, employees, and students. April 14, 2025 commemorates the 81st anniversary of the 1944 explosion.


     

     

Main Point :-   (i) The theme for NFSD 2025 and FSW 2025 is “Unite to Ignite, a Fire Safe India – Fire Safety, Contribute towards Nation Building.”

      (ii) Since 1999, the National Safety Council (NSC) has actively run the Fire Service Week campaign to raise fire safety awareness among employees, their families, and the general public.

About Directorate General of Fire Services, Civil Defence & Home Guards (DG FSCDGH)
Director General: Vivek Srivastava
Headquarters: New Delhi
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World Quantum Day Observed on 14 April 2025.

World Quantum Day is observed annually across the globe on 14th April to promote public awareness and understanding of quantum science and technology. The 2025 observance marks the 4th edition of World Quantum Day.


      - The 2025 celebration coincides with the International Year of Quantum Science and Technology (IYQST), as declared by the United Nations (UN), amplifying the significance of the year-long awareness campaign.


      - World Quantum Day was initiated on 14 April 2021 by a global community of quantum scientists from over 65 countries.

      - The first official celebration was held on 14 April 2022.

Main Point :-   (i) The Office of the Principal Scientific Adviser (PSA) to the Government of India released the first edition of the International Technology Engagement Strategy for Quantum (ITES-Q). This initiative aims to enhance India’s leadership role in the global quantum ecosystem and drive innovation in Quantum Science, Technology, and Innovation (QSTI).

      (ii) QNu Labs, a Bengaluru-based quantum cybersecurity startup, launched QShield, the world’s first platform offering unified cryptography management across cloud, on-premise, and hybrid environments.

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Gujarat Police Unveils 'GP-DRASTI Project' to Strengthen Crime Monitoring Using Drones.

In April 2025, the Gujarat Police launched the Gujarat Police - Drone Response and Aerial Surveillance Tactical Intervention (GP-DRASTI) Project to improve emergency response using drone-based surveillance. This initiative is designed to reduce response time during crime incidents and enhance law enforcement efficiency through advanced technology.


      - As per the project's framework, when a crime is reported via the emergency number 100, alerts are simultaneously dispatched to both the Police Control Room (PCR) van and the drone base station.


      - This ensures that drones and ground forces are mobilized simultaneously, optimizing real-time crime scene monitoring and response.

     

Main Point :-   (i) A 10-day pilot trial in Ahmedabad and Surat demonstrated impressive results, with drones arriving at the incident site within 2 to 2.5 minutes, significantly faster than PCR vans.

      (ii) The drones are equipped to stream real-time footage back to the drone base station, providing officers with instant visual intelligence. This allows for faster evaluation and strategic deployment of police resources.

(iii) In its initial phase, the GP-DRASTI project will be operational at eight police stations in Ahmedabad. Plans are in place to expand the project to Vadodara, Rajkot, and Surat, supported by further drone deployments.

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IFC Unveils First Loss Guarantee Facility to Strengthen MSME Financing Support.

In April 2025, the International Finance Corporation (IFC), a member of the World Bank Group (WBG) based in the United States, launched a call for expressions of interest for eligible Financial Services Providers (FSPs) to participate in its Catalytic First Loss Guarantee Facility under the Micro, Small, and Medium Enterprise (MSME) Finance Platform.


      - The facility is designed to enhance credit access for women-owned businesses, agriculture-based MSMEs, and climate-focused financing, while also demonstrating the commercial potential of these sectors.


      - The primary aim of the facility is to offer first-loss guarantees to qualified third-party FSPs. This will empower them to expand operations, explore innovative products, and adopt inclusive risk criteria.

     

Main Point :-   (i) MSMEs represent over 90% of all businesses worldwide, contribute 50% to global GDP, and account for 70% of employment. However, the MSME finance gap stands at USD 5.7 trillion, expanding to USD 8 trillion when informal enterprises are included.

      (ii) The facility targets Regulated Banks, Non-Banking Financial Institutions (NBFIs), and Microfinance Institutions (MFIs) authorized to conduct lending or leasing operations in their respective regions.

(iii) This initiative is aimed at fostering growth in the MSME sector by addressing financing challenges, with a specific focus on women and climate-conscious enterprises.

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Katy Perry Blasts Off into Space Aboard Blue Origin Rocket with All-Female Crew.

In April 2025, American pop icon Katy Perry, along with five other women, was recently launched into space aboard a Blue Origin rocket, marking a historic moment in space travel. The mission, conducted using the New Shepard rocket, took off from Blue Origin’s launch site in West Texas, United States of America (USA), and successfully returned to Earth.


      - This was recently the first all-women spaceflight in over six decades, the last being Valentina Tereshkova’s solo orbital mission in 1963. The all-female crew included a diverse group of women with notable accomplishments in various fields.


      - Joining Katy Perry on this milestone journey were Lauren Sánchez, fiancée of Amazon founder Jeff Bezos; CBS television host Gayle King; former NASA rocket scientist Aisha Bowe; civil rights activist Amanda Nguyen; and film producer Kerianne Flynn.

     

Main Point :-   (i) The launch, designated Blue Origin NS-31, marked Blue Origin’s 11th human spaceflight and made history as the first all-female spaceflight since Valentina Tereshkova’s solo mission in 1963. Tereshkova, the Soviet cosmonaut, had orbited Earth alone for nearly three days, becoming the first woman in space.

      (ii) During this recently conducted mission, the six-member female crew flew for about 11 minutes, crossing the Kármán line — the internationally recognized boundary of space set at 100 km (62 miles) above Earth. The passengers experienced moments of weightlessness before safely descending back.

(iii) The New Shepard spacecraft operated fully autonomously, requiring no pilot input during the mission. Both the capsule and the rocket booster made soft landings using parachutes, with the booster successfully touching down in Texas.

About Blue Origin Enterprises, L.P
CEO : Dave Limp
Headquarters : Washington, United States of America(USA)
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President Droupadi Murmu Concluded a Four-Day State Visit to Portugal and Slovakia to Strengthen Bilateral Ties and Sign Key Agreements.

President of India, Droupadi Murmu, undertook a four-day state visit to Portugal and Slovakia from April 7 to 10, 2025, with the aim of strengthening bilateral ties and enhancing diplomatic cooperation with both nations.


      - The first leg of the visit was to Portugal from April 7–8, 2025, at the invitation of Marcelo Rebelo de Sousa, the President of Portugal. The visit marked the celebration of 50 years of diplomatic relations between India and Portugal, reinforcing their dynamic and multifaceted partnership.


      - During her visit to Portugal, President Murmu held meetings with the Portuguese delegation and the Cabinet of the President of Assembleia Da Republica, where she discussed key bilateral and global issues. She also signed the Book of Honour as a mark of respect.

      - President Murmu was honoured with the ‘City Key of Honour’ of Lisbon City by Carlos Moedas, the Mayor of Lisbon. This recognition made her an honorary citizen of Lisbon, highlighting the growing goodwill between the two nations.

Main Point :-   (i) As part of the diplomatic celebrations, the Presidents of India and Portugal jointly launched commemorative postage stamps to mark 50 years of diplomatic ties, symbolizing the historical and cultural friendship between both nations.

      (ii) In the second leg, from April 9–10, 2025, President Murmu visited Slovakia at the invitation of Peter Pellegrini, the President of Slovakia. The visit underlined India’s commitment to deepening its strategic and economic engagements with the Slovak Republic.

(iii) During the Slovakia visit, President Murmu was presented with a Slovak translation of the ancient Indian texts—the Upanishads by the Slovak President. She also received an Honorary Doctorate (Honoris Causa, Dr. h. c.) from Constantine the Philosopher University in Nitra, and two MoUs were signed between India and Slovakia to foster cooperation in key sectors of mutual interest.

About Slovakia
Capital : Bratislava
Prime Minister (PM) : Robert Fico
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India Clinches 8 Medals, Secures 2nd Spot Behind China at ISSF World Cup 2025.

In April 2025, India successfully concluded the first leg of the International Shooting Sport Federation (ISSF) World Cup 2025 held in Buenos Aires, Argentina, securing a total of 8 medals—4 Gold, 2 Silver, and 2 Bronze.


      - India finished second in the overall medal tally, while China topped the chart with 11 medals (5 Gold, 3 Silver, 3 Bronze). The event was conducted from April 1 to April 11, 2025.


      - Saurabh Chaudhary and Suruchi Singh (18 years old) secured the bronze medal in the mixed team event by defeating Olympic medalist Manu Bhaker and Ravinder Singh.

     

Main Point :-   (i) In the Men’s 10m Air Pistol event, Rudrankksh Patil won the gold medal with a score of 252.9, beating Hungary’s Istvan Marton Peni.

      (ii) In the Men’s 25m Rapid Fire Pistol event, Vijayveer Sidhu made history by becoming the first Indian to win a gold medal in this event at any ISSF World Cup, scoring 29 points.

(iii) United States of America (USA) finished third with a total of 6 medals (2 Gold, 3 Silver, 1 Bronze).

About International Shooting Sport Federation (ISSF)
President: Luciano Rossi (Italy)
Headquarters: Munich, Germany
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India Observes 106th Anniversary of Jallianwala Bagh Massacre on April 13, 2025.

On 13th April 2025, India observed the 106th anniversary of the Jallianwala Bagh Massacre, also known as the Amritsar Massacre, which took place on 13th April 1919 in Amritsar, Punjab (then under British India). Prime Minister Narendra Modi and several leaders paid homage to the victims, calling it a “dark chapter” in Indian history and a “major turning point” in the country’s freedom struggle.


      - The massacre occurred during the Baisakhi festival, when hundreds of unarmed civilians, including women and children, had assembled at Jallianwala Bagh to peacefully protest against the repressive Rowlatt Act and also to celebrate the traditional fair. The gathering was non-violent and unaware of any imposed restrictions.


      - Acting Brigadier-General Reginald Dyer ordered his troops to open fire without warning on the innocent crowd. The shooting continued until the troops exhausted their ammunition. There was no escape route, and the firing lasted around ten minutes.

      - According to official British records, 379 people were killed, but Indian sources and eyewitnesses suggest the actual death toll was in the thousands. The incident shocked the nation and intensified the demand for India’s independence from British rule.

Main Point :-   (i) The Rowlatt Act of 1919, officially known as the Anarchical and Revolutionary Crimes Act, was passed by the British based on the Sedition Committee led by Justice Rowlatt. It gave the colonial government the power to arrest and detain individuals without trial for up to two years, sparking widespread protests across the country.

      (ii) Following the massacre, the British government set up the Hunter Commission in 1919, officially called the Disorders Inquiry Committee, chaired by Lord William Hunter. The committee investigated the incident and questioned General Dyer, whose controversial testimony drew global criticism. His story was later documented in Nigel Collett’s book “The Butcher of Amritsar”.

(iii) In 1920, a trust was formed to build a memorial at the site. The memorial was inaugurated on April 13, 1961, by then-President Dr. Rajendra Prasad in the presence of Prime Minister Jawaharlal Nehru. The design was created by Benjamin Polk, an American architect, and the site now stands as a symbol of the sacrifice and spirit of India’s freedom struggle.

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PM Narendra Modi Inaugurated Projects Worth Over ₹3,880 Crore During His Visit to Uttar Pradesh and Madhya Pradesh, Including Varanasi.

In April 2025, Prime Minister (PM) Narendra Modi visited Uttar Pradesh (UP) and Madhya Pradesh (MP), where he laid the foundation stone and inaugurated development projects worth over ₹3,880 crore in Varanasi, UP.


      - These initiatives focused on enhancing infrastructure, electricity supply, education, healthcare, and sports facilities, aiming to strengthen connectivity and promote social welfare.


      - In MP, PM Narendra Modi undertook a spiritual visit to Anandpur Dham in Ashoknagar district, where he performed pooja at the Guru Ji Maharaj Temple in Isagarh, participated in a public program at Anandpur Dham, and addressed a public gathering.

     

Main Point :-   (i) The Prime Minister inaugurated and laid the foundation stone for several key road infrastructure projects in Varanasi, including a road bridge connecting the Varanasi Ring Road to Sarnath, flyovers at Bhikharipur and Manduadih crossings, and a highway underpass tunnel on National Highway 31 (NH-31) near Varanasi International Airport, with a combined worth of over ₹980 crore.

      (ii) The Prime Minister inaugurated two 400-kilovolt (kV) and one 220-kV transmission substations along with associated transmission lines in the Jaunpur, Chandauli, and Ghazipur districts of the Varanasi division, with a total value of over ₹1,045 crore.

(iii) He also laid the foundation stone for a 220-kV transmission substation at Chaukaghat in Varanasi, a 132-kV transmission substation in Ghazipur, and the augmentation of the electricity distribution system in Varanasi city, worth over ₹775 crore.

About Uttar Pradesh (UP)
Chief Minister : Yogi Aditya Nath
Governor : Anandiben Patel
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NITI Aayog Released a Report on "Automotive Industry: Powering India's Participation in Global Value Chains (GVCs).

In April 2025, the National Institution for Transforming India (NITI Aayog) released a comprehensive report titled "Automotive Industry: Powering India's Participation in Global Value Chains". This report is the second in the series on Global Value Chains (GVCs) and was launched by Suman Bery, Vice Chairman, NITI Aayog.


      - The report delves into the transformative potential of India's automotive component industry and outlines a strategic roadmap to enhance India's role in the global automotive ecosystem.


      - India has become the fourth-largest automobile producer globally, following China, the United States of America (USA), and Japan, with an annual production of nearly 6 million automobile units.

      - The Indian auto industry produced over 28 million vehicles from April 2023 to March 2024, including Passenger Vehicles, Commercial Vehicles, three-wheelers, two-wheelers, and Quadricycles.

Main Point :-   (i) India’s automotive industry contributes 7.1% to its Gross Domestic Product (GDP) and 49% to the manufacturing GDP.

      (ii) India’s share in the global automotive component trade stands at around 3% (~USD 20 billion). The trade ratio of India’s auto components is nearly neutral (~0.99), with exports and imports almost balancing each other.

(iii) The report forecasts a bright future where India's automotive component production reaches USD 145 billion by 2030, with automotive component exports expected to triple to USD 60 billion (from USD 20 billion).

About NITI Aayog
CEO : Shri B.V.R. Subrahmanyam
Headquarters : New Delhi
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MoI&B, Maharashtra Govt, MFSCDCL & IICT Collaborated to Establish India’s First AVGC-XR Centre of Excellence in Mumbai.

In April 2025, the Ministry of Information & Broadcasting (MoI&B) signed a Memorandum of Understanding (MoU) with the Government of Maharashtra and the Maharashtra Film, Stage & Cultural Development Corporation Limited (MFSCDCL), headquartered in Mumbai, to establish India's first-of-its-kind institute dedicated to Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR).


      - The institute, named the Indian Institute of Creative Technologies (IICT), will be set up at Dadasaheb Phalke Film City in Goregaon, Mumbai, and will be developed through a Public-Private Partnership (PPP) model.


      - The MoU was signed in the presence of Maharashtra Chief Minister Devendra Fadnavis and Union Minister Ashwini Vaishnaw, with Sujata Saunik, Chief Secretary of Maharashtra, and Sanjay Jaju, Secretary of MoI&B, as the official signatories.

      - The Indian Institute of Creative Technologies (IICT) will be established as a not-for-profit Section 8 company under the Companies Act, 2013. The equity structure will include 34% by the Government of India, 14% by the Government of Maharashtra through MFSCDCL, and the remaining 52% equally shared between FICCI and CII, both headquartered in New Delhi.

Main Point :-   (i) The Government of India has sanctioned an initial grant of ₹391.15 crore for infrastructure development and early operations. In addition, MFSCDCL has allotted a 10-acre land parcel within Film City, Mumbai, on a 30-year lease to facilitate the establishment of the institute.

      (ii) IICT will initially operate from a temporary campus located at the premises of the National Film Development Corporation (NFDC) Limited in Mumbai. The institute envisions becoming a national centre for India's creative economy, fostering growth and innovation in the AVGC-XR sector.

(iii) Functioning as a Centre of Excellence (CoE), IICT will focus on training, education, research, and innovation in Animation, Visual Effects, Gaming, Comics, and Extended Reality. It will also form a Governing Council and sector-specific councils to maintain industry alignment, support global collaborations, and drive skill development and employment opportunities in the creative industries.

About Maharashtra
CM : Devendra Fadnavis
Governor : Chandrapuram Ponnusamy (C.P.) Radhakrishnan
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MoE Announced a 9.5% Increase in Material Costs Under the PM POSHAN Scheme, Effective from May 1, 2025.

In April 2025, the Ministry of Education (MoE) Announced a 9.5% Hike in Material Costs Under PM POSHAN Scheme, Effective from May 1, 2025.The Ministry of Education (MoE) recently announced a 9.5% increase in the material cost under the centrally sponsored Pradhan Mantri Poshan Shakti Nirman (PM POSHAN) scheme, previously known as the Midday Meal Scheme.


      - The revision is based on inflation trends, as per the Consumer Price Index for Rural Labourers (CPI-RL), compiled by the Labour Bureau under the Ministry of Labour & Employment (MoL&E).


      - For the Financial Year 2025-26 (FY26), the Union Government has allocated an overall budget of ₹12,500 crore for the PM POSHAN scheme. To implement the revised cooking cost, an additional ₹954 crore will be borne by the Union Government.

     

Main Point :-   (i) The material cost per student under the PM POSHAN scheme has been revised, effective from May 1, 2025. For Kindergarten and Primary Classes (Grades 1 to 5), the cost has increased from ₹6.19 to ₹6.78 per student per day.

      (ii) For Upper Primary Classes (Grades 6 to 8), the material cost has been raised from ₹9.29 to ₹10.17 per student per day.

About MoE
Union Minister : Dharmendra Pradhan
Headquarters : New Delhi
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India and Tanzania Co-Hosted the 1st Edition of Multilateral Maritime Exercise ‘AIKEYME’ in Tanzania.

In April 2025, the inaugural edition of the multilateral maritime exercise titled ‘Africa India Key Maritime Engagement (AIKEYME 2025)’, meaning ‘Unity’ in Sanskrit, commenced in Tanzania from April 13 to April 18, 2025. This first-of-its-kind initiative was co-hosted by India and Tanzania to strengthen maritime cooperation between India and African nations.


      - The harbour phase of the exercise was jointly inaugurated onboard Indian Naval Ship (INS) Chennai at Dar-es-Salaam, Tanzania, by Sanjay Seth, Union Minister of State (MoS), Ministry of Defence (MoD), India, and Dr. Stergomena Lawrence, Minister of Defence and National Service of Tanzania.


      - This initiative aligns with Prime Minister Narendra Modi’s vision of MAHASAGAR – Mutual and Holistic Advancement for Security and Growth Across Regions, promoting inclusive maritime security and regional cooperation.

     

Main Point :-   (i) The 6-day multilateral maritime exercise witnessed participation from various African nations, including Comoros, Djibouti, Kenya, Madagascar, Mauritius, Mozambique, Seychelles, and South Africa (SA).

      (ii) From India, INS Chennai (destroyer) and INS Kesari (large platform) arrived at Dar-es-Salaam to take part in the exercise.

(iii) Additionally, INS Sunayna, renamed as Indian Ocean Ship (IOS) SAGAR, departed from Karwar Naval Base on April 5, 2025, and will also participate in the exercise.

About Indian Navy (IN)
Chief of Naval Staff (CNS): Admiral Dinesh Kumar (DK) Tripathi
Headquarters : New Delhi
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IRDAI Imposed ₹1.06 Crore Penalty on Flipkart for Violating Insurance E-commerce and Corporate Agency Regulations.

In April 2025, the Insurance Regulatory and Development Authority of India (IRDAI), headquartered in Hyderabad, Telangana, imposed a monetary penalty of ₹1.06 crore on Bengaluru (Karnataka)-based Flipkart Internet Private Limited (FIPL) for violating e-commerce guidelines related to online insurance distribution.


      - FIPL has been instructed by IRDAI to remit the penalty within 45 days. The company also has the option to appeal the order before the Securities Appellate Tribunal (SAT).


     

     

Main Point :-   (i) A fine of ₹1 crore was imposed for violating the Insurance E-commerce Guidelines, 2017, specifically the clause stating that an insurance intermediary can onboard only insurers as permitted on its Insurance Self-Network Platform (ISNP).

      (ii) FIPL was found redirecting consumers to the “Buy Insurance” section of another insurance intermediary instead of the actual insurer's website.

(iii) An additional fine of ₹6 lakh was levied for continuing the sale and purchase of insurance policies via its platform even after its Certificate of Registration (CoR) expired on September 25, 2024, thereby violating Clause 3(ii)(a) of Schedule III read with Regulation 26 of the IRDAI (Registration of Corporate Agents) Regulations, 2015.

About Flipkart
CEO: Kalyan Krishnamurthy
Headquarters: Bengaluru
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Moody’s Analytics Revised India’s CY25 GDP Growth Forecast Down to 6.1%.

In April 2025, New York-based Moody's Analytics, a subsidiary of Moody's Corporation, released its latest report titled "APAC Outlook: US Versus Them." According to the report, India's Gross Domestic Product (GDP) growth forecast for Calendar Year 2025 (CY25) has been revised downward by 30 basis points (bps) to 6.1%, compared to its previous estimate of 6.4% (March 2025).


      - The report attributed the revision to potential risks posed by new tariffs imposed by the United States (USA), especially affecting sectors such as gems and jewellery, textiles, and medical devices.


      - However, it also emphasized that India's overall economic growth remains relatively insulated from such external shocks, as external demand contributes a smaller share to the country’s total GDP.

      - The report highlighted that the United States of America (USA), one of India's major trading partners, has imposed a 26% tariff on Indian imports, significantly impacting India’s trade balance. Notably, President Donald Trump announced this reciprocal tariff on 60 countries including India, effective April 9, 2025. However, the Trump administration later declared a 90-day freeze on implementing the tariffs, excluding China.

Main Point :-   (i) According to Moody’s Analytics, the Reserve Bank of India (RBI) is expected to cut interest rates due to easing headline inflation, predicting a 25 basis points (bps) reduction in the policy rate to 5.75% by the end of Calendar Year 2025 (CY25).

      (ii) The report also revised down the GDP growth projections for several Asia-Pacific countries, including China, New Zealand, Indonesia, South Korea, and the Philippines. However, India's GDP downgrade was comparatively less severe, given its lower dependency on exports when compared with countries like Vietnam, China, and Taiwan.

(iii) Additionally, the RBI, in its 1st Bi-monthly Monetary Policy for FY2025-26, announced in April 2025, had already reduced India’s GDP growth forecast from 6.7% to 6.5% for the fiscal year, further reinforcing Moody’s outlook.

About Moody’s Analytics
President : Stephen Tulenko
Headquarters : New York, the United States of America (USA)
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Uttar Pradesh Police Portal Honoured with SKOCH Award in the 'Police Safety' Category.

In April 2025, the "Investigation, Prosecution and Conviction Portal" developed by the Technical Services Unit of Uttar Pradesh (UP) Police received the SKOCH Award at the national level in the ‘Police & Safety’ category.


      - Prashant Kumar, Director General of Police (DGP), Uttar Pradesh, was awarded the SKOCH Award Certificate by Naveen Arora, Additional Director General (ADG), Technical Services, in New Delhi, Delhi.


      - The portal is instrumental in tracking serious and sensitive criminal cases such as mafia-related offenses, cases under the Protection of Children from Sexual Offences (POCSO) Act, rape, and other heinous crimes.

      - It enables real-time monitoring of investigations, supports timely filing of chargesheets, and allows for efficient tracking of court trials.

Main Point :-   (i) To date, the portal has contributed to around 85,000 convictions, while resolving over 40,000 long-pending cases from the past five years.

      (ii) Instituted in 2003, the SKOCH Awards recognize outstanding work by individuals, institutions, and projects in areas like governance, technology, inclusive growth, service delivery, and more.

(iii) These awards are presented annually by the SKOCH Group, a Gurugram (Haryana)-based consulting firm established in 1997.

About Uttar Pradesh
Chief minister: Yogi Adityanath
Governor: Anandiben Patel
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DRDO Conducted Trials of Indigenous LRGB ‘Gaurav’ Using Su-30 MKI Aircraft.

In April 2025, the Defence Research and Development Organisation (DRDO), headquartered in New Delhi (Delhi), successfully conducted release trials of the indigenous Long-Range Glide Bomb (LRGB) named ‘Gaurav’. These trials were carried out between April 8 and 10, 2025, using the Su-30 MKI fighter aircraft.


      - The weapon system was developed indigenously by DRDO through collaboration among multiple key laboratories. These include the Research Centre Imarat (RCI) in Hyderabad, Telangana, the Armament Research and Development Establishment (ARDE) in Pune, Maharashtra, and the Integrated Test Range (ITR) in Chandipur, Odisha.


      - The project was developed in partnership with Indian defence industry leaders. Key contributors included Adani Defence Systems & Technologies Limited in Ahmedabad, Gujarat, Bharat Forge Limited (BFL) in Pune, Maharashtra, along with several other Micro, Small and Medium Enterprises (MSMEs), reflecting a strong public-private collaboration in India’s defence innovation ecosystem.

      - These successful trials of LRGB ‘Gaurav’ mark a significant milestone in India's efforts towards self-reliance in advanced precision-guided munitions under the “Make in India” initiative.

Main Point :-   (i) During the trials, the indigenous Long-Range Glide Bomb (LRGB) ‘Gaurav’ was tested by mounting it on various positions of the Su-30 MKI aircraft with different types of warheads. The weapon was launched towards a land-based target located on an island and successfully struck it with precision from a standoff distance of around 100 kilometres (km).

      (ii) The quality assurance and certification process for ‘Gaurav’ was supported by two key organisations — the Centre for Military Airworthiness & Certification (CEMILAC), located in Bengaluru, Karnataka, and the Directorate General of Aeronautical Quality Assurance (DGAQA), a regulatory body functioning under the Department of Defence Production (DDP), Ministry of Defence (MoD) in New Delhi.

(iii) ‘Gaurav’ is a new-generation smart precision-guided weapon in the 1,000 kilogram (kg) class, featuring a wingspan of 3.4 meters. It has a strike range between 30 km and 150 km, and employs advanced guidance systems such as GPS (Global Positioning System), inertial navigation, and optionally laser or infrared sensors to accurately engage both stationary and mobile/hardened targets. The bomb can be equipped with fragmentation warheads for soft targets or penetration-blast warheads for fortified structures like bunkers.

About Defence Research and Development Organisation (DRDO)
Chairman : Sameer Venkatapathy Kamat
Headquarter : New Delhi
__________________________________________

Padma Awardee & Kathak Legend Kumudini Lakhia Passed Away Recently.

In April 2025, legendary Kathak dancer and Padma Awardee Kumudini Lakhia passed away at the age of 95 at her residence in Ahmedabad, Gujarat. She was born on May 17, 1930, in Ahmedabad. In recognition of her lifelong contribution to Indian classical dance, she was conferred with the Padma Vibhushan in January 2025 in the ‘Arts’ category, India's 2nd highest civilian award.


      - Kumudini Lakhia began her dance journey with the renowned Ram Gopal troupe and toured extensively across the globe. She played a pivotal role in popularizing Indian classical dance forms, especially Kathak, on international platforms, earning global admiration and respect for her unique style and contribution.


      - Some of her most notable choreographic works include Dhabkar (Pulse), Yugal (The Duet), and Atah Kim (Where Now?). She presented Atah Kim at the Kathak Mahotsav in Delhi in 1980, which marked a significant milestone in contemporary Kathak choreography.

      - She established the Kadamb: Centre for Dance and Music in Ahmedabad in 1964, which became a hub for innovation in Kathak. Through Kadamb, she expanded the vocabulary, structure, and aesthetics of Kathak, infusing it with a contemporary perspective while preserving its classical essence.

Main Point :-   (i) Kumudini Lakhia mentored several celebrated Kathak dancers, including Aditi Mangaldas, Vaishali Trivedi, Sandhya Desai, Daksha Seth, Maulik Shah, and many others. These disciples went on to become well-known performers and choreographers, furthering her legacy.

      (ii) Apart from being a dancer and mentor, she also held several prominent positions such as Vice President of the Council International De La Dance (Paris, France), Executive Board Member of the Sangeet Natak Akademi (New Delhi), and Chairperson of the Gujarat State Sangeet Natak Akademi.

(iii) Her awards include Padma Shri (1987), Padma Bhushan (2010), the Sangeet Natak Akademi Award (1982), Kalidas Samman (2002-03) by Madhya Pradesh Government, and Guru Gopinath Desiya Natya Puraskaram (2021) by the Kerala Government (awarded in 2022), showcasing her immense contribution to Indian arts and dance.

__________________________________________

Padma Shri Awardee & India’s ‘Tree Man’ Daripalli Ramaiah Passed Away at the Age of 87.

In April 2025, renowned environmentalist Daripalli Ramaiah, popularly known as “Vanajeevi Ramaiah” and “Chettu Ramaiah”, passed away at the age of 87. He was famously known as the “Tree Man of India” for his lifelong commitment to planting and conserving trees.


      - Born in 1937 in Reddipalli village, located in Khammam Rural Mandal, Telangana, Ramaiah worked as a potter by profession. However, his true calling was in greening the planet, which he pursued as a personal mission.


      - Over the years, Ramaiah is estimated to have planted more than one crore (10 million) trees across Telangana and Andhra Pradesh, earning him national and international acclaim as one of India's most devoted environmentalists.

      - He often wore a wooden placard with the Sanskrit quote “Vriksho Rakshati Rakshitah”, which translates to “If you protect trees, they will protect you.” This phrase became symbolic of his deep-rooted belief in environmental conservation.

Main Point :-   (i) For his extraordinary contribution to society, he was awarded the Padma Shri in 2017 under the category of Social Work. In addition, he received several other accolades including the Vanaseva Award (1995) and the Vanamitra Award (2005).

      (ii) He was also honoured with an honorary doctorate by the Academy of Universal Global Peace (USA) in recognition of his efforts to promote environmental awareness and sustainability on a global scale.

(iii) His inspirational life story has been preserved through education: the Telangana government included a chapter about him in the 6th-grade social studies textbook, and his journey is also featured in the 9th-grade Telugu syllabus in Maharashtra for Telugu-speaking students.

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International Day of Human Space Flight Observed on April 12, 2025.

The United Nations (UN)’s International Day of Human Space Flight is annually observed across the globe on April 12 to commemorate the beginning of the human space era and emphasize the importance of space science and technology in supporting the Sustainable Development Goals (SDGs).


      - On April 7, 2011, the UN General Assembly (UNGA), headquartered in New York, United States of America (USA), adopted the resolution A/RES/65/271 declaring April 12 to be observed every year as the International Day of Human Space Flight. The first-ever observance took place on April 12, 2011.


     

     

Main Point :-   (i) To celebrate the first International Day of Human Space Flight, the UN Postal Administration (UNPA), based in New York, issued a special series of commemorative stamps at its offices in New York (USA), Geneva (Switzerland), and Vienna (Austria).

      (ii) The collection included a stamp featuring Yuri Gagarin, the first human to journey into outer space.

(iii) The United Nations Office for Outer Space Affairs (UNOOSA), headquartered in Vienna, Austria, is the UN entity responsible for promoting international cooperation in the peaceful use of outer space.

About United Nations Office for Outer Space Affairs (UNOOSA)
Director: Aarti Holla-Maini
Headquarters: Vienna, Austria
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International Day for Street Children Observed on 12 April 2025.

The International Day for Street Children (IDSC) is observed annually across the world on April 12 to raise awareness about the challenges faced by millions of children living on the streets. The observance is led by the Consortium for Street Children (CSC), based in London, United Kingdom (UK).


      - Each year, CSC announces a unique theme to spotlight the rights and needs of street-connected children globally.


      - The theme for IDSC 2025 is "Participation", emphasizing the importance of involving street children in decisions that affect their lives.

     

Main Point :-   (i) The first-ever International Day for Street Children was observed on April 12, 2011, launched by CSC, a global network of organizations dedicated to promoting and protecting the rights of street-connected children.

      (ii) April 12 also marks the anniversary of the first United Nations General Assembly (UNGA) on Children, which was held in 1955.

About Consortium for Street Children (CSC)
Chief Executive Officer (CEO): Pia MacRae
Headquarters: London, United Kingdom
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Indian Army Observes 41st Siachen Day on April 13, 2025, Marking Operation Meghdoot’s Historic Success.

Every year, Siachen Day is observed by the Indian Army (IA) on April 13 to commemorate the success of Operation Meghdoot, a historic military operation that allowed India to gain control of key positions on the Siachen Glacier, the world's highest battlefield. This day honours the bravery, determination, and sacrifices made by the Indian troops in extremely harsh conditions.


      - The significance of April 13 lies in the launch of Operation Meghdoot in 1984, when Indian troops landed at Bilafond La Pass and swiftly occupied strategic peaks in the Siachen region. The operation gave India a strategic advantage in the contested Kashmir region.


      - 13th April 2025 marks the 41st anniversary of India’s continuous presence at the Siachen Glacier. The day also serves as a tribute to soldiers who continue to guard the glacier while enduring one of the most difficult terrains and weather conditions in the world.

      - Operation Meghdoot, the longest military operation in the world till date, was a proactive campaign launched by the IA in response to intelligence reports about Pakistan's planned military advances in the region. The Indian Army acted swiftly to preempt Pakistan's moves.

Main Point :-   (i) The operation was executed with the combined effort of the Indian Army and Indian Air Force (IAF). Troops were airlifted by the IAF and deployed on the snow-covered peaks of the Siachen Glacier. The leadership included Lt. Gen. Manohar Lal Chibber, Lt. Gen. P.N. Hoon, and Maj. Gen. Shiv Sharma.

      (ii) The Siachen Glacier, situated at an altitude of nearly 20,000 feet in the Karakoram range, is considered the highest militarized zone in the world. Its strategic value lies in overseeing the Shaksgam Valley (ceded illegally to China by Pakistan), Gilgit-Baltistan, and the Karakoram Pass.

(iii) The soldiers stationed on the glacier face extreme hardships. Each is posted for about three months under life-threatening conditions including sub-zero temperatures and frequent avalanches, all while keeping a constant vigil against enemy intrusions in the high-altitude warzone.

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Meghalaya’s Ryndia and Khasi Handloom Products Granted GI Tag for Indigenous Textiles.

In April 2025, Chennai (Tamil Nadu, TN)-based Geographical Indications (GI) Registry, under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoC&I), officially granted the Geographical Indication (GI) tag to Meghalaya's indigenous textile, 'Ryndia' silk and Khasi handloom products.


      - This achievement aligns with the vision of Meghalaya Chief Minister (CM) Conrad Kongkal Sangma and Textiles Minister Paul Lyngdoh to promote the state’s indigenous heritage and establish "Brand Meghalaya" on a global platform.


      - The GI recognition applies to Ryndia, a handwoven, hand-spun, naturally dyed, organically produced, and ethically sourced fabric, along with other traditional Meghalaya handloom products.

      - The initiative was led by the Meghalaya Department of Textiles with support from NABARD and technical guidance from GI expert Dr. Rajnikanth, facilitating joint applications by the Textiles Department and the Meghalaya Ryndia Producers Association. It was further catalyzed by the recognition of Umden-Diwon Village (Ri-Bhoi district) as Meghalaya’s 1st Eri Silk Village on February 12, 2021.

Main Point :-   (i) "Ryndia" is the Khasi name for Eri silk, derived from the ryndia (castor) plant that feeds the Philosamia ricini silkworms. It is a unique heirloom fabric known for its traditional and sustainable qualities. Ryndia or Eri silk is also referred to as Peace Silk or Ahimsa Silk, as it is extracted without harming the silkworms, preserving Meghalaya's eco-conscious weaving heritage.

      (ii) This fabric is primarily produced by the indigenous Khasi, Bhoi, and Jaintia artisans of Meghalaya, with Ryndia weaving being a woman-centric tradition among the Khasi tribes. The fabric is hand-spun, handwoven, and naturally dyed, reflecting both cultural legacy and ethical craftsmanship.

(iii) A Geographical Indication (GI) tag certifies products from a specific region with unique qualities or reputation. In India, it is governed by the GI Act, 1999 (effective from 15 Sept 2003). The Ministry of Commerce & Industry (MoC&I) aims to reach 10,000 GI tags by 2030 to boost local heritage.

About Meghalaya
Chief Minister (CM) : Conrad Kongkal Sangma
Governor : Chandrashekhar H. Vijayashankar
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India Global Forum Hosts NXT25 Summit 2025 in Maharashtra.

In April 2025, the India Global Forum (IGF) hosted its flagship event, 'NXT25 Summit 2025 – Leading the Leap', from April 7 to 8 at the Jio World Convention Centre in Mumbai, Maharashtra.


      - The summit was supported by the United Kingdom (UK) Government, the Government of Maharashtra, and the Ministry of Commerce and Industry (MoC&I), Government of India (GoI).


      - During the IGF NXT25 Summit 2025, the Mumbai Metropolitan Region Development Authority (MMRDA) signed five MoUs worth USD 49.02 billion to accelerate infrastructure growth in the Mumbai Metropolitan Region (MMR). Key agreements include USD 18.09 billion with HUDCO for housing, transport, and urban development, USD 12.06 billion each with REC Limited and PFC for urban mobility and energy-efficient infrastructure, respectively.

      - Additionally, USD 6.03 billion was signed with IRFC to boost transport infrastructure such as metro and suburban rail projects, and USD 843 million with NaBFID for smart infrastructure and urban development initiatives. These investments aim to support long-term, sustainable urban transformation across the region.

Main Point :-   (i) The event witnessed participation from key dignitaries including Union Minister Piyush Goyal (MoC&I) and Devendra Fadnavis, Chief Minister of Maharashtra, alongside other prominent industry leaders and policymakers.

      (ii) During the IGF NXT25 Summit, the Government of Maharashtra signed 5 Memoranda of Understanding (MoUs) valued at approximately USD 50 billion with leading domestic and international investors to enhance infrastructure, boost economic growth, and promote innovation across the state.

About Indian Railway Finance Corporation Limited (IRFC)
Chairman & Managing Director(CMD) : Manoj Kumar Dubey
Headquarters : New Delhi
__________________________________________

India and Russia Hold 8th Working Group Meeting on Priority Investment Projects in New Delhi.

In April 2025, the 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP) under the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation was held in New Delhi, Delhi.


      - The session was co-chaired by Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry (MoC&I), representing the Government of India (GoI), and Vladimir Ilichev, Deputy Minister of the Ministry for Economic Development, Government of Russia.


      - Additionally, the 2nd edition of the India-Russia Investment Forum was organised on the sidelines of the session in New Delhi.

     

Main Point :-   (i) During the WG meeting, India and Russia agreed on 6 new strategic projects to enhance bilateral investment cooperation. The co-chairs of the session also signed a protocol highlighting these projects' strategic importance and reviewed the outcomes of the 7th session of IRWG-PIP. These initiatives aim to strengthen mutual investments, sector-specific partnerships, and deepen economic ties.

      (ii) Both countries discussed initiatives to bolster their bilateral economic ties, reaffirming their commitment to expand investment collaboration across key sectors.

(iii) The India-Russia Investment Forum 2025 was organized by Invest India (Delhi), under the DPIIT (MoC&I), in collaboration with the Indian Chamber of Commerce (ICC) (Kolkata) and the Ministry of Economic Development, Russia. The forum saw strong participation from over 80 stakeholders, including business leaders, financial institutions, logistics firms, trade bodies, and senior officials from both countries.

About Russia
PM : Mikhail Mishustin
Capital: Moscow
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Singapore Changi Named World's Best Airport for 13th Time at Skytrax World Airport Awards 2025.

On 9 April 2025, Singapore Changi Airport was awarded the title of World's Best Airport during the Skytrax World Airport Awards 2025, held at the Passenger Terminal Expo at Institución Ferial de Madrid (IFEMA) in Madrid, Spain. This marks the 13th time Singapore Changi Airport has won this prestigious title, setting a record in the history of the awards.


      - Doha's Hamad International Airport (HIA) secured the second position, and Japan's Tokyo International Airport (Haneda) ranked third.


     

     

Main Point :-   (i) Indira Gandhi International Airport (IGIA) in New Delhi was ranked 32nd and was also named the Best Airport in India and South Asia for 2025.

      (ii) Kempegowda International Airport (KIA) in Bengaluru was ranked 48th. It was also awarded the title of Best Regional Airport in India & South Asia. KIA’s T2 terminal received a Skytrax 5-star airport terminal rating, making it the first airport in India to achieve this rating.

(iii) Rajiv Gandhi International Airport (RGIA) in Hyderabad was ranked 56th. GMR Hyderabad International Airport Limited (GHIAL), which operates RGIA, was honoured with the 'Best Airport Staff in India & South Asia 2025' award for the fourth consecutive time.

About Skytrax
Established: 1989
Headquarters: London, United Kingdom
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Union Agriculture Minister Shivraj Singh Chouhan Represents India at 3rd BIMSTEC Ministerial Meeting on Agriculture in Nepal.

In April 2025, Union Minister Shivraj Singh Chouhan, Ministry of Agriculture & Farmers' Welfare (MoA&FW) and Ministry of Rural Development (MoRD), led the Indian delegation at the 3rd BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Agriculture Ministerial Meeting (BAMM) in Kathmandu, Nepal.


      - The meeting was attended by agriculture ministers and senior officials from BIMSTEC member countries, including India, Bangladesh, Bhutan, Nepal, Myanmar, Thailand, and Sri Lanka.


     

     

Main Point :-   (i) During the meeting, Union Minister Shivraj Singh Chouhan reaffirmed India’s commitment to regional agricultural cooperation and highlighted the alignment of BIMSTEC with India's 'Neighbourhood First' and 'Act East' policies.

      (ii) India proposed the establishment of a BIMSTEC Centre of Excellence (CoE) for Agriculture Cooperation, focusing on accurate farming, natural and organic agriculture, climate risk mitigation, gender equality, and the use of Artificial Intelligence (AI) in agriculture.

(iii) On the sidelines of the meeting, Union Minister Shivraj Singh Chouhan and Ramnath Adhikari, Minister for Agriculture and Livestock Development of Nepal, signed a Memorandum of Understanding (MoU) to enhance agricultural cooperation, further strengthening the bilateral ties between India and Nepal.

About Ministry of Agriculture and Farmers Welfare (MoA&FW)
Union Minister : Shivraj Singh Chouhan
Headquarters : New Delhi
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Mauritius Becomes First African Nation to Sign Partnership Framework with International Solar Alliance (ISA).

In April 2025, Mauritius became the first African country and the fourth globally—after Bangladesh, Bhutan, and Cuba—to sign a Country Partnership Framework (CPF) with the International Solar Alliance (ISA), a treaty-based intergovernmental organization launched by India and France in 2015.


      - The CPF was signed during the two-day Global SolarX Accelerator Programme hosted by the ISA in Mauritius. The strategic partnership was formalized in Port Louis by Barakat Ahmed, Regional Programmes Head for Africa at ISA, and Zeenat Guness-Goolbar, Permanent Secretary of Mauritius' Ministry of Energy and Public Utilities.


      - The CPF is a renewable three-year strategic framework introduced by ISA to deepen long-term collaboration with its member countries in the field of solar energy and sustainable development.

      - Under the recently signed Country Partnership Framework (CPF), a Country Partnership Strategy (CPS) will be formulated to implement solar energy projects specific to Mauritius’s requirements. The key focus areas include floating solar, rooftop solar systems, solar-powered water pumps, agrivoltaics, and green hydrogen technologies.

Main Point :-   (i) The CPF aims to support Mauritius in its transition to clean energy through a country-specific roadmap aligned with its national development goals. This collaboration will help enhance energy security and sustainability.

      (ii) The CPF also proposes the establishment of a Solar Technology Application Resource Centre (STAR-C) in Mauritius. This centre will serve as a hub for innovation, capacity building, and investment promotion in solar energy technologies.

(iii) Mauritius has previously partnered with the International Solar Alliance (ISA) under the ISA CARES initiative. A significant outcome of this was the solarisation of Jawaharlal Nehru Hospital in June 2024, improving sustainability in the healthcare sector. The CPF was signed during the Global SolarX Accelerator Programme—an ISA initiative in partnership with Business Mauritius—aimed at accelerating solar startups across Africa and the Asia-Pacific (APAC) regions.

About International Solar Alliance (ISA)
Director General (DG) : Ashish Khanna
Headquarters : Gurugram, Haryana
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Bangladesh Signs Artemis Accords with NASA to Promote Peaceful Space Exploration.

In April 2025, Bangladesh became the 54th country to sign the Artemis Accords—non-binding agreements initiated by the Washington, D.C. (USA)-based National Aeronautics and Space Administration (NASA) in October 2020. These accords aim to promote peaceful, transparent, and cooperative civil space exploration.


      - The agreement was signed by Bangladesh's Defence Secretary Md Ashraf Uddin, in the presence of Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), and Tracey Ann Jacobson, Chargé d'Affaires at the USA Embassy in Dhaka, Bangladesh.


      - The Artemis Accords are based on the 1967 Outer Space Treaty and supported by the Registration Convention and the Rescue and Return Agreement. They provide a framework for ensuring that space activities are safe, sustainable, and aligned with international law.

      - NASA collaboration will give Bangladesh access to advanced space technologies, satellite systems, and scientific research tools.

Main Point :-   (i) The Dhaka-based Bangladesh Space Research and Remote Sensing Organisation (SPARRSO), established in 1980, will benefit from technical aid in developing satellites for disaster management (e.g., cyclones, floods).

      (ii) Students and scientists from Bangladesh will gain global collaboration opportunities and access to NASA training and exchange programs.

(iii) With this move, Bangladesh joins 53 countries—including the USA, India, Japan, and the UAE—committed to responsible and transparent space exploration.

About Bangladesh
Capital: Dhaka
President: Mohammed Shahabuddin
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RBI Announces Highlights of First Bi-monthly Monetary Policy for FY 2025-26.

The Reserve Bank of India (RBI) conducted its 54th meeting of the Monetary Policy Committee (MPC) from April 7 to 9, 2025, under the chairmanship of Shri Sanjay Malhotra, Governor of RBI.


      - The meeting was attended by MPC members including Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Rajiv Ranjan, and Shri M. Rajeshwar Rao.


      - The Gross Domestic Product (GDP) growth projection for FY 2025-26 (FY26) was retained at 6.5%, matching the estimate for FY 2024-25.

     

Main Point :-   (i) The MPC unanimously decided to reduce the policy repo rate by 25 basis points (bps) to 6.00%, effective immediately.

      (ii) The Standing Deposit Facility (SDF) rate under the Liquidity Adjustment Facility (LAF) was revised to 5.75%.

(iii) The Marginal Standing Facility (MSF) rate and the Bank Rate were both set at 6.25%.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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SEBI Clarifies ₹10 Lakh Minimum Investment Requirement for SIFs Applicable at PAN Level.

In April 2025, the Securities and Exchange Board of India (SEBI), headquartered in Mumbai (Maharashtra), introduced a regulatory framework for Specialized Investment Funds (SIFs), which came into effect on April 1, 2025.


      - Investors are now required to maintain a minimum aggregate investment of ₹10 lakh across all SIF strategies offered by a single Asset Management Company (AMC). This threshold is calculated at the Permanent Account Number (PAN) level and not per scheme.


      - Accredited investors and investments made mandatorily by AMC employees are exempted from the ₹10 lakh minimum investment requirement.

      - SEBI’s revised framework allows investors to opt for Systematic Investment Plans (SIPs), Systematic Withdrawal Plans (SWPs), and Systematic Transfer Plans (STPs) under SIFs. However, if market fluctuations reduce investment value below ₹10 lakh, immediate redemption is required.

Main Point :-   (i) SIFs are structured to bridge the investment gap between Mutual Funds (MFs) and Portfolio Management Services (PMS). They are designed for High-Net-Worth Individuals (HNIs), offering tailored strategies such as long-short equity, sectoral rotation, and multi-asset diversification.

      (ii) To launch SIFs, AMCs must have at least 3 years of operational history and should maintain an average Assets Under Management (AUM) of ₹10,000 crore or more over the last three years.

(iii) In a related development from March 2025, SEBI revised the minimum investment requirement for Zero Coupon Zero Principal (ZCZP) instruments listed on the Social Stock Exchange (SSE), lowering it from ₹10,000 to ₹1,000.

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NaBFID and NDB Sign MoU to Boost Infrastructure Financing in India.

In April 2025, Mumbai (Maharashtra)-based National Bank for Financing Infrastructure and Development (NaBFID), India's leading Development Financial Institution (DFI), signed a Memorandum of Understanding (MoU) with Shanghai (China)-based New Development Bank (NDB) to foster a strategic partnership for infrastructure financing and development in India.


      - The collaboration aims to establish a robust and sustainable infrastructure financing market in India and develop a supportive ecosystem to enhance its growth.


      - The MoU focuses on Clean Energy, with joint efforts in renewable energy projects, sustainable water management, and sewage management initiatives, alongside Transportation, which aims at developing eco-friendly urban mobility solutions.

     

Main Point :-   (i) The MoU outlines initiatives for joint seminars, workshops, and research to build institutional capabilities.

      (ii) NaBFID and NDB will work together on research and capacity-building initiatives to promote knowledge sharing and strengthen institutional capabilities in infrastructure financing.

(iii) The New Development Bank (NDB), established in 2015 by the BRICS nations (Brazil, Russia, India, China, and South Africa), supports infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs).

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Razorpay Collaborates with NBSL & Axis Bank to Launch 'Turbo UPI Plugin' on BHIM Vega Platform.

In April 2025, Bengaluru (Karnataka)-based fintech company Razorpay Software Private Limited collaborated with NPCI BHIM Services Limited (NBSL)—a wholly owned subsidiary of the National Payments Corporation of India (NPCI)—and Axis Bank Limited, headquartered in Mumbai (Maharashtra), to launch the ‘Razorpay Turbo Unified Payments Interface (UPI) Plugin’ on the Bharat Interface for Money (BHIM) Vega platform.


      - With this launch, Razorpay became the first payment gateway to integrate the new in-app UPI solution, marking a significant milestone in enhancing digital payment experiences.


      - The partnership is aimed at reducing friction in online transactions by minimizing payment drop-offs and improving transaction success rates. It streamlines the user experience and onboarding for businesses, offering a faster, seamless payment process.

      - BHIM Vega is a next-generation UPI plugin developed by NBSL, built upon the existing BHIM infrastructure to enable smoother in-app payment experiences.

Main Point :-   (i) The Razorpay Turbo UPI Plugin offers seamless in-app transactions by allowing users to complete payments without switching to third-party UPI applications. This feature reduces payment drop-offs and provides a smoother, more convenient user experience for customers making online transactions.

      (ii) The plugin is designed with enhanced reliability by using smart routing through multiple banking partners. This ensures higher success rates for transactions, even during downtimes or technical issues with one of the banks, making the payment process more stable and dependable.

(iii) For businesses, the plugin simplifies onboarding and integration. It enables companies to adopt the solution quickly and go live faster, helping them streamline operations and deliver a better payment experience to their customers.

About Axis Bank
CEO: Amitabh Chaudhry
Headquarter : Mumbai
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Piramal Finance Joins Hands with ICICI Bank to Expand Access to Credit Solutions.

In April 2025, Mumbai (Maharashtra)-based Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Ltd.), a leading Non-Banking Financial Company (NBFC), entered into a co-lending partnership with ICICI Bank Limited, a prominent private sector bank also headquartered in Mumbai (Maharashtra).


      - This strategic alliance aims to improve credit accessibility for middle and low-income borrowers, especially across rural and semi-urban regions, with a focus on Home Loans and Loan Against Property.


      - The partnership aligns with Piramal Finance's broader strategy to strengthen its footprint in India’s semi-urban markets, reaffirming its commitment to offering simple, accessible, and affordable credit solutions to underserved communities.

     

Main Point :-   (i) The collaboration aims to deliver affordable credit solutions to borrowers residing in Tier 2 and Tier 3 cities, thereby supporting financial inclusion and contributing to economic growth across underserved regions.

      (ii) Piramal Finance brings its innovative ‘High Tech + High Touch’ model, blending advanced technology with personalized customer service, while ICICI Bank offers its deep financial and banking expertise, enhancing the partnership's overall effectiveness.

(iii) With a network of over 510 branches covering 13,000+ pin codes and catering to nearly 4.5 million customers across 26 states, Piramal Finance’s wide presence will significantly strengthen credit delivery and outreach under this alliance.

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GAIL Launches ‘GAIL Global IFSC Ltd’ to Strengthen International Business Operations.

In April 2025, New Delhi (Delhi)-based GAIL (India) Limited, a Maharatna Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas, established a wholly owned subsidiary named GAIL Global IFSC Limited at the International Financial Services Centre (IFSC) located in Gujarat International Finance Tec-City (GIFT City), Gujarat.


      - This strategic initiative is aimed at diversifying GAIL’s business portfolio beyond its core natural gas and energy infrastructure segments.


      - The newly formed entity will operate as a finance company under the regulatory framework of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

     

Main Point :-   (i) The key details include the incorporation date as 7 April 2025, with an authorised share capital of ₹17 crore and an initial paid-up capital of ₹8.5 crore. GAIL (India) Limited holds 100% ownership, with shares issued at a face value of ₹10 each.

      (ii) The necessary regulatory approvals were received in March 2025 from the Ministry of Petroleum and Natural Gas (MoPNG) and the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance (MoF).

(iii) The strategic intent behind setting up GAIL Global IFSC Limited is to undertake global and regional corporate treasury functions, including ship leasing activities. This initiative is aimed at enhancing GAIL’s global presence and strengthening its capital management capabilities through structured financial operations within India’s premier financial hub at GIFT City.

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Renowned Publicist and Oscar Honorary Award Recipient Marvin Levy Recently Passes Away.

In April 2025, Marvin Levy, the Oscar-winning American publicist, passed away at the age of 96 in Los Angeles, California, United States of America (USA). Levy became the first and only publicist to receive an Honorary Academy Award in 2018, recognizing his distinguished career and contributions to the film industry.


      - Born in 1928, Marvin Levy began his career in the entertainment industry during the golden age of Hollywood, eventually rising to become one of the most respected names in film publicity.


      - He started out as a publicist for film studios and TV networks, later joining Columbia Pictures, where he worked on campaigns for classic films like Lawrence of Arabia (1962) and Funny Girl (1968).

      - His iconic collaboration with Steven Spielberg began with Close Encounters of the Third Kind (1977) and continued with celebrated films like E.T. the Extra-Terrestrial (1982), Schindler's List (1993), Saving Private Ryan (1998), and Lincoln (2012), among many others.

Main Point :-   (i) Marvin Levy received the Honorary Academy Award in 2018 from the Academy of Motion Picture Arts and Sciences (AMPAS), recognizing his lifetime achievements and making him the only publicist to ever receive this distinction.

      (ii) He was also honored with the Les Mason Award in 1994, the highest accolade presented by the Publicists' Guild.

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National Safe Motherhood Day 2025 Observed on April 11.

National Safe Motherhood Day (NSMD) is observed annually in India on 11 April to highlight the importance of maternal healthcare, encourage safe delivery practices, and work towards reducing maternal mortality rates.


      - The observance also marks the birth anniversary of Kasturba Gandhi (born 11 April 1869), the wife of Mahatma Gandhi, symbolizing the nation’s commitment to protecting maternal health.


      - In 2025, the focus of NSMD was on accelerating efforts to achieve equitable access to quality maternal care.

     

Main Point :-   (i) The day was initiated by White Ribbon Alliance India (WRA India), a New Delhi-based grassroots organization advocating for women’s health rights.

      (ii) The Government of India (GOI) officially declared 11 April as National Safe Motherhood Day in 2003, with the first observance taking place that year.

(iii) India is the only country in the world to have a nation-specific day dedicated to motherhood, underlining its unique and focused approach to maternal welfare.

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World Parkinson’s Day Observed on 11 April 2025.

World Parkinson's Day (WPD) is observed globally every year on 11 April to raise awareness about Parkinson’s disease (PD) — a chronic, progressive neurological disorder affecting both motor and non-motor functions. The date commemorates the birth anniversary of Dr. James Parkinson, the English surgeon who first described PD as "paralysis agitans" in his 1817 work An Essay on the Shaking Palsy.


      - The inaugural World Parkinson’s Day was held in April 1997, co-founded by the European Parkinson's Disease Association (EPDA), now known as Parkinson’s Europe, and co-sponsored by the World Health Organization (WHO).


      - The 1997 event also marked the launch of the Parkinson’s Europe Charter, which aimed to unite patients, families, and healthcare professionals in raising the global profile of Parkinson’s disease (PD).

      - In December 2003, the WHO established a Working Group on Parkinson’s Disease, which led to the development of the Global Declaration on Parkinson’s Disease. This declaration was officially launched in Mumbai, Maharashtra, and aimed to transform societal attitudes toward Parkinson’s disease.

Main Point :-   (i) The red tulip with a white fringe was adopted as the official symbol of Parkinson’s Disease (PD) during the 9th World Parkinson’s Day Conference held in Luxembourg in 2005. In 2022, global PD organizations launched ‘The Spark’, a unified logo symbolizing hope and reinforcing international advocacy efforts.

      (ii) Parkinson’s Disease is a chronic neurological disorder that disrupts dopamine production in the brain, impairing movement control. Symptoms include tremors, rigidity, and balance difficulties. While there is no cure, treatments like levodopa medication, surgery, and lifestyle adjustments can significantly improve quality of life. Over 10 million people currently live with PD globally, a number expected to double by 2050.

(iii) In 2003, the World Health Organization (WHO) launched the Global Declaration on Parkinson’s Disease, recognizing it as a public health priority and encouraging nations to enhance research and care. According to a report by the Parkinson’s Disease Society (UK), more than 10 million individuals worldwide are affected by PD.

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India and Australia Signed MoU to Enhance Bilateral Cotton Trade.

In April 2025, the Cotton Association of India (CAI), headquartered in Mumbai, Maharashtra, and the Australian Cotton Shippers Association (ACSA), based in Queensland, Australia, signed a Memorandum of Understanding (MoU) to enhance cooperation in areas including cotton production, trade trends, pricing, and market insights. The MoU was signed at the Cricket Club of India Limited (CCI) in Mumbai.


      - This agreement aims to boost bilateral cotton trade and improve market access under the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA), which has been operational since 29 December 2022. The MoU was signed by Atul S. Ganatra, President of CAI, and Cliff White, Chair of ACSA, during the visit of an Australian trade delegation to India led by Jules Willis, CEO of ACSA.


     

     

Main Point :-   (i) AI-ECTA enables duty-free access for 51,000 tonnes of Australian cotton annually to India, comprising 50,000 tonnes under an allocated quota and 1,000 tonnes under a first-come, first-served basis.

      (ii) According to data from Australia’s Department of Agriculture, Fisheries and Forestry (DAFF), Australia exported 50,719 tonnes of cotton to India in 2024, compared to 50,690 tonnes in 2023.

(iii) As per the latest ACSA Market Report, India was Australia’s 3rd largest cotton export market, accounting for 12% of exports, following China (28%) and Vietnam (26%).

About Australia
Prime Minister: Anthony Norman Albanese
Capital: Canberra
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SEBI Forms High-Level Committee to Review Conflict of Interest Rules for Officials and Members.

In April 2025, Mumbai (Maharashtra)-based market regulator, Securities and Exchange Board of India (SEBI) announced the formation of a 6-member High-Level Committee (HLC) chaired by Pratyush Sinha, former Chief Vigilance Commissioner (CVC), to review conflict of interest disclosure provisions for SEBI officials.


      - The committee will examine current norms and suggest improvements related to the disclosure of personal property, investments, and liabilities by SEBI board members.


      - The HLC is expected to submit its report within three months, after which SEBI's board will review and act upon the recommendations.

     

Main Point :-   (i) SEBI recently relaxed disclosure norms for Foreign Portfolio Investors (FPIs) by increasing the asset threshold for granular Beneficial Ownership (BO) disclosures from Rs 25,000 crore to Rs 50,000 crore.

      (ii) Mumbai-based hBits Investment Management Private Limited, a fractional investment platform in commercial real estate, received SEBI’s approval to launch a Small & Medium Real Estate Investment Trust (SM-REIT) public issue.

(iii) hBits plans to raise up to Rs 500 crore through its Initial Public Offering (IPO) by June 2025.

About SEBI
Chairperson: Tuhin Kanta Pandey
Headquarter : Mumbai
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Former Lao PDR President Khamtay Siphandone Passes Away.

In April 2025, General Khamtay Siphandone, the former President of the Lao People's Democratic Republic (PDR) and former General Secretary of the Central Committee of the Lao People's Revolutionary Party, passed away at the age of 102 in Vientiane, Lao PDR. Born on February 8, 1924, in Huakhongphayai village, Siphandone province (now Champasack province), he was a prominent figure in the history of Laos.


      - He was among the first generation of leaders of the Central Committee of the Lao People's Revolutionary Party, playing a significant role in leading the Lao people in their revolutionary struggle for national liberation.


      - Khamtay Siphandone began his career as a postman and later trained as a telegrapher in Saigon, working in Phongsaly province by 1944. His early career laid the foundation for his later involvement in the revolutionary movement in Laos.

      - In 1944, he joined the Lao Issara movement and became a member of the Indochinese Communist Party in 1954. He further solidified his political path by joining the Central Committee of the Lao People's Revolutionary Party in 1956.

Main Point :-   (i) Khamtay Siphandone was elected a member of the Politburo, the highest decision-making body of the Lao People's Revolutionary Party, at the 2nd Party Congress in 1972. He later became the Commander-in-Chief of the Lao People's Liberation Army, leading the country's forces during pivotal moments in its history.

      (ii) After the successful revolution of 1975, Khamtay was appointed Vice-Chairman of the Council of Ministers, Minister of National Defence, and Commander-in-Chief of the Lao People's Liberation Army, taking on key leadership roles in the newly established government.

(iii) Khamtay Siphandone was appointed Prime Minister of the Lao People's Democratic Republic on August 15, 1991, by the 6th session of the 2nd Supreme People's Assembly. He was elected President in 1998 and retired from the presidency and as chairman of the party in 2006. In recognition of his contributions to the nation, he received numerous honors, including the Order of José Martí from Cuba and the Gold Star Order from Vietnam.

About Lao People's Democratic Republic (Lao PDR)
President : Thongloun Sisoulith
Prime Minister (PM): Sonexay Siphandone
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PM Modi Inaugurates Navkar Mahamantra Divas and Calls for Nine Resolutions Inspired by Jain Principles on Mahavir Jayanti.

On April 9, 2025, the Prime Minister (PM) of India, Narendra Modi, inaugurated and participated in the Navkar Mahamantra Divas at Vigyan Bhawan, New Delhi (Delhi). The event served as a global spiritual congregation aimed at fostering peace, non-violence, and inner harmony through the collective chanting of the Navkar Mahamantra, the most sacred chant in Jainism (an ancient Indian religion).


      - The celebration coincided with Mahavir Jayanti, honoring the birth of Lord Mahavir, the 24th Tirthankara of Jainism, and witnessed participation of over 25,000 people from 108 countries chanting in unison to spread a message of peace and unity.


     

     

Main Point :-   (i) PM Modi described the Navkar Mantra as a deep spiritual reservoir of peace, stability, and mental clarity.

      (ii) He emphasized its role in honoring the Panch Parmeshthi—Arihants, Siddhas, Acharyas, Upadhyayas, and Sadhus—who together represent 108 divine attributes in Jainism.

(iii) The Prime Minister also urged citizens to adopt nine meaningful resolutions inspired by Jain values to build a sustainable and harmonious future: conserve water, plant a tree in the name of one’s mother, actively participate in the cleanliness mission, support local products (Vocal for Local), explore the cultural richness of India, promote and practice natural farming, maintain a healthy lifestyle, incorporate yoga or sports into daily routines, and extend help to the underprivileged.

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Resilient Payments, a BharatPe Company Receives RBI Approval to Operate as Online Payment Aggregator.

In April 2025, the Reserve Bank of India (RBI) granted final authorization to Resilient Payments Private Limited, a New Delhi (Delhi)-based subsidiary of the BharatPe Group, to operate as an Online Payment Aggregator (PA). This follows the in-principle approval given in January 2023.


      - With this authorization, Resilient Payments will soon launch its online PA platform under the brand name 'BharatPe X', aiming to expand BharatPe’s digital payment services, especially across Tier 2 and Tier 3 cities in India.


     

     

Main Point :-   (i) The PA license allows companies to facilitate online transactions for e-commerce, bringing them under RBI’s regulatory framework. It also enables them to offer early settlements, a form of short-term credit, and partner with NBFCs and banks to provide term loans.

      (ii) BharatPe has become the only fintech company in India to possess a unique combination of financial authorizations—holding an NBFC license through Trillion Loans, a stake in Unity Small Finance Bank (SFB), and now, the Payment Aggregator (PA) authorization from the Reserve Bank of India (RBI).

(iii) As of April 2025, the RBI has granted PA authorization to 41 companies, while over 28 firms have received in-principle approval to operate as payment aggregators in India.

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ADB Lowers India’s FY26 GDP Growth Forecast to 6.7% Amid Rising US Tariff Concerns.

In April 2025, the Asian Development Bank (ADB), headquartered in Manila, the Philippines, released its latest report titled Asian Development Outlook (ADO) April 2025: Trade Uncertainty Challenges Resilience in Asia and the Pacific.


      - The report revised India's Gross Domestic Product (GDP) growth forecast for Financial Year 2025-26 (FY26) to 6.7%, down from its earlier estimate of 7%.


      - This downward revision is attributed to external risks like potential US tariffs, though higher domestic demand, increasing rural incomes, and moderating inflation remain growth drivers.

     

Main Point :-   (i) The report projects India’s GDP growth to rise marginally by 10 basis points (bps) to 6.8% in FY27, backed by supportive fiscal and monetary policies.

      (ii) India’s inflation rate is forecasted to ease further, reaching 4.3% in FY26 and 4.0% in FY27, aligning with the RBI’s target range.

(iii) The Developing Asia region’s economies are expected to grow at 4.9% in 2025, slightly below the previous year’s 5.0%, and are projected to slow down further to 4.7% in 2026.

About Asian Development Bank (ADB)
President: Masato Kanda
Headquarters: Manila, the Philippines
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Poonawalla Fincorp Unveils Shopkeeper Loan Scheme to Empower Small Retailers.

In April 2025, Pune (Maharashtra)-based Non-Banking Financial Company (NBFC), Poonawalla Fincorp Limited (PFL) (formerly known as Magma Fincorp), promoted by the Cyrus Poonawalla Group, announced the launch of its Shopkeeper Loan Business.


      - The newly launched product is designed to offer tailored financial solutions to small retailers and kirana store owners across India, aiming to enhance their competitiveness and sustainability in the retail sector.


      - The product is built on a risk-first and customer-first approach, aimed at empowering small businesses—especially kirana stores—to thrive in a fast-changing retail environment. In its initial rollout, PFL has activated 44 locations, with a strong focus on semi-urban and rural areas, where small retailers form a significant part of the market.

      - This initiative aligns with PFL’s long-term vision of becoming the preferred financier for the self-employed segment. It also supports the Atmanirbhar Bharat mission by helping small retailers gain access to the formal credit ecosystem, promoting financial inclusion and business growth across underserved regions.

Main Point :-   (i) PFL is registered with the Reserve Bank of India (RBI) as a 'non-deposit taking NBFC' and currently operates across 18 states and 2 Union Territories (UTs).

      (ii) Earlier, in March 2025, PFL launched a new Commercial Vehicle (CV) Secured Loan Business to support India’s logistics and supply chain sectors.

(iii) As of March 31, 2025, PFL reported an Asset Under Management (AUM) of nearly Rs 35,550 crore.

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GSL and IIT Hyderabad Join Forces to Revolutionize Shipbuilding Using AI and Digital Twin Tech.

In April 2025, Goa-based Goa Shipyard Limited (GSL) and Hyderabad (Telangana)-based Indian Institute of Technology Hyderabad (IIT-H) signed a Memorandum of Understanding (MoU) to integrate Artificial Intelligence (AI) and Digital Twin technologies into India's maritime sector.


      - The collaboration also includes Hyderabad-based Neer Interactive Solutions Pvt. Ltd. and Andhra Mahila Sabha (AMS) Arts and Science College, with the objective of enhancing efficiency, security, and sustainability in shipbuilding processes.


     

     

Main Point :-   (i) The MoU leverages Geospatial AI, Object Detection AI, Generative AI, and Digital Twin solutions to optimize vessel design, enhance shipyard security, and enable 360-degree surveillance systems. It aligns with Industry 4.0 and Quality 4.0 (QA 4.0) principles to modernize shipbuilding, reduce operational costs, and set new global benchmarks.

      (ii) The Center for Geospatial AI and Digital Twins (CGDT) at IIT-H, led by Director Prof. B.S. Murty, will be responsible for developing advanced Geospatial Digital Twin models to build virtual replicas of shipbuilding environments for testing and innovation.

(iii) This collaboration marks the launch of Asia’s first AI-driven maritime security project and positions India as a global frontrunner in AI-powered maritime technology, significantly boosting indigenous technological expertise and innovation in the shipbuilding sector.

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IOC Announces ₹61,077 Crore Investment for Petrochemical Complex in Odisha.

In April 2025, New Delhi (Delhi)-based Indian Oil Corporation (IOC) signed a Memorandum of Understanding (MoU) with the Odisha government to establish a world-class petrochemical complex at Paradip, Odisha, with an investment of ₹61,077 crore.


      - The MoU was formalized during the Odisha Investors' Meet in New Delhi, making it IOC’s largest-ever single-location investment.


      - The proposed petrochemical facility will feature a dual-feed cracker unit along with downstream plants to manufacture key chemicals such as Phenol, Polypropylene (PP), and Isopropyl Alcohol (IPA)—all crucial for India's industrial and manufacturing sectors.

      i. Petronet LNG Limited (PLL), headquartered in New Delhi and recognized as India’s largest importer of Liquefied Natural Gas (LNG), will invest ₹6,500 crore to set up an LNG import terminal at Gopalpur port, Odisha.

Main Point :-   (i) Additionally, Indian Strategic Petroleum Reserves Ltd (ISRPL), a Noida (Uttar Pradesh)-based special purpose vehicle (SPV), plans to invest ₹8,743 crore to construct a 4-million-tonne underground oil storage facility at Chandikhol, Odisha.

      (ii) These strategic investments are geared toward enhancing India’s domestic production capabilities, minimizing dependency on imports, and significantly boosting Odisha’s industrial ecosystem.

(iii) India’s petrochemical demand is projected to rise sharply from the current 30–35 million tonnes (Mt) to nearly 80 Mt by 2040, underscoring the importance of such infrastructure initiatives.

About Odisha
Chief minister: Mohan Charan Majhi
Governor: Hari Babu Kambhampati
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World Homeopathy Day 2025 Observed on April 10 to Promote Alternative Medicine.

World Homeopathy Day (WHD) is observed annually on April 10 to promote awareness of homeopathy, its guiding principles, and its contribution to global healthcare.


      - The day commemorates the birth anniversary of Dr. Christian Friedrich Samuel Hahnemann, the founder of homeopathy. In 2025, we mark his 270th birth anniversary.


      - Homeopathy, derived from the Greek terms "homeo" (similar) and "pathos" (suffering), is based on the principle that substances causing symptoms in healthy individuals can, when highly diluted, treat similar symptoms in sick individuals.

     

Main Point :-   (i) Since 2016, the Central Council for Research in Homoeopathy (CCRH) under the Ministry of AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy) has been organizing various events to commemorate WHD, emphasizing the role of research in advancing the global acceptance of homeopathy.

      (ii) To celebrate World Homeopathy Day 2025, Union Minister of State (Independent Charge), Prataprao Jadhav, Ministry of AYUSH, inaugurated a two-day convention from April 10–11, 2025, at the Mahatma Mandir Convention and Exhibition Centre, Gandhinagar, Gujarat.

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Maharashtra Government Approves Renaming of Khuldabad to 'Ratnapur'.

In April 2025, Maharashtra’s Social Justice Minister Sanjay Shirsat announced the government’s decision to rename the town of Khuldabad, located in Chhatrapati Sambhajinagar district, to its historical name Ratnapur.


      - This renaming move is part of a wider effort by the state to restore original names of places that were renamed during the Mughal era.


      - In tandem with this initiative, the Maharashtra government also unveiled plans to develop a memorial in Khuldabad to commemorate the legacy of Chhatrapati Shivaji Maharaj and Chhatrapati Sambhaji Maharaj, highlighting the region’s cultural and historical significance.

     

Main Point :-   (i) The renaming of Khuldabad to Ratnapur reflects the Maharashtra government's broader mission to revive pre-Mughal place names, reaffirming the state's historical identity and heritage.

      (ii) Khuldabad, located about 25 kilometers from Chhatrapati Sambhajinagar, holds deep historical importance as the burial site of Mughal emperor Aurangzeb, and also houses the graves of his son Azam Shah and Asaf Jah I, the founder of the Hyderabad Nizam dynasty.

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Union Cabinet Approves Rs 1,600 Cr Irrigation Scheme, 6-Lane Zirakpur Bypass & Railway Line Doubling Project.

On April 09, 2025, the Union Cabinet, chaired by Prime Minister (PM) Narendra Modi, approved the following major proposals and schemes:


      - The Union Cabinet approved a new sub-scheme called M-CADWM under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). It has a financial allocation of Rs 1,600 crore for the year 2025 to 2026. The scheme is aimed at enhancing water use efficiency and strengthening irrigation infrastructure across the country.


      - The Cabinet approved the construction of a 6-lane access-controlled Zirakpur Bypass, covering Punjab and Haryana, to be developed under the Hybrid Annuity Mode (HAM). This project will decongest traffic and enhance connectivity in the region.

      - The Union Cabinet approved the doubling of the 104 kilometre-long Tirupati–Pakala–Katpadi single railway line section. This railway stretch spans across Andhra Pradesh and Tamil Nadu. The project has an estimated cost of Rs 1,332 crore and aims to enhance rail capacity while improving regional transport efficiency.

Main Point :-   (i) The project will not only enhance connectivity to the famous Tirumala Venkateswara Temple in Tirupati, Andhra Pradesh but will also provide improved rail access to other major pilgrimage sites such as the Sri Kalahasti Shiva Temple in Sri Kalahasti, Kanipakam Vinayaka Temple in Chittoor district, and Chandragiri Fort in Tirupati. This is expected to attract a large number of pilgrims and tourists from across the country.

      (ii) The multi-tracking initiative will significantly improve connectivity to around 400 villages and benefit approximately 14 lakh people living in the region.

(iii) In addition to boosting infrastructure, the project will support India’s climate goals by reducing annual oil imports by nearly 4 crore liters and cutting down Carbon Dioxide (CO2) emissions by about 20 crore kilograms. This environmental benefit is equivalent to planting 1 crore trees.

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First Ever PAI Baseline Report for FY23 Shows Gujarat and Telangana Leading as Front Runners.

In April 2025, the Ministry of Panchayati Raj (MoPR) launched the first-ever ‘Panchayat Advancement Index (PAI) baseline report’ for the Financial Year 2022-23 (FY23), aimed at localizing the Sustainable Development Goals (SDGs).


      - This initiative serves as a transformative tool to evaluate the performance of over 2.5 lakh Gram Panchayats (GPs) across India using a comprehensive and evidence-based framework aligned with the SDG 2030 Agenda.


      - The Panchayat Advancement Index (PAI) is a composite index designed to assess Panchayat performance based on 9 themes under the Localized SDGs (LSDGs), such as Good Governance, Poverty-Free and Enhanced Livelihoods, among others.

     

Main Point :-   (i) According to the 2022-23 PAI data, out of 2,55,699 GPs, a total of 2,16,285 GPs submitted validated data. Among them, 699 (0.3%) Panchayats were identified as Front Runners.

      (ii) Gujarat led the rankings with 346 Gram Panchayats recognized as Front Runners, followed by Telangana with 270 Gram Panchayats in the same category.

About the Ministry of Panchayati Raj (MoPR)
Cabinet Minister : Lalan Singh
Headquarters : New Delhi
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IEPFA and IPPB Collaborate to Launch Phase 2 of 'Niveshak Didi' Initiative to Enhance Financial Literacy in Rural India.

On April 9, 2025, the Investor Education and Protection Fund Authority (IEPFA), headquartered in New Delhi under the Ministry of Corporate Affairs (MoCA), signed a Memorandum of Agreement (MoA) with the India Post Payments Bank (IPPB), also based in New Delhi and functioning under the Department of Posts (DoP), Ministry of Communications (MoC).


      - This collaboration marks the launch of Phase 2 of the "Niveshak Didi" initiative, which aims to enhance financial literacy among women residing in rural, semi-urban, and underserved regions across India.


      - The "Niveshak Didi" initiative is a community-driven financial literacy program that empowers women postal workers and community leaders to become financial educators in their local areas, promoting responsible investing, fraud prevention, savings habits, and the adoption of digital banking tools.

     

Main Point :-   (i) In the first phase of the initiative, over 55,000 individuals took part in IPPB’s Financial Literacy Camps conducted across India. Around 60% of the participants were women, mostly from the youth and economically active demographic. Notably, two out of every three beneficiaries came from deep rural regions, ensuring a significant grassroots-level impact.

      (ii) In the second phase, more than 4,000 financial literacy camps will be organized nationwide. Nearly 40,000 women postal workers will be trained as Niveshak Didis to lead these camps at the grassroots level, fostering financial awareness within their communities.

(iii) IEPFA is dedicated to educating and safeguarding investors, with a special focus on rural and underserved areas, by enhancing financial literacy and spreading awareness about investor rights and responsibilities.

About Investor Education and Protection Fund Authority (IEPFA)
CEO : Anita Shah Akella
Headquarters : New Delhi
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MSDE and WEF Partner to Launch ‘India Skills Accelerator’ Aimed at Bridging Workforce Skill Gaps.

In April 2025, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with the Switzerland-based World Economic Forum (WEF), co-hosted a high-level roundtable at Kaushal Bhawan, New Delhi. The event marked the official launch of the "India Skills Accelerator", a public-private collaborative platform designed to address India’s pressing skilling challenges.


      - The initiative aims to tackle workforce skill gaps—identified by 65% of Indian organizations as a critical barrier—through strategic cross-sector partnerships and comprehensive systemic reforms.


      - The India Skills Accelerator initiative aims to unite various sectors to develop innovative and sustainable solutions for India’s evolving skill development needs. It emphasizes fostering awareness and driving a mindset shift by highlighting the future demand for skills in high-growth sectors such as Artificial Intelligence (AI), robotics, energy, cybersecurity, and cloud computing.

      - The platform also focuses on strengthening collaborations between the government and industry to promote upskilling, reskilling, and lifelong learning. Additionally, it calls for modernizing institutional frameworks and policies to build a dynamic and adaptive skilling ecosystem across the country.

Main Point :-   (i) The India Skills Accelerator initiative will be co-led by key government stakeholders including Union Minister of State (Independent Charge) Jayant Chaudhary from the Ministry of Skill Development and Entrepreneurship (MSDE), and Dr. Sukanta Majumdar, Union MoS for both the Ministry of Education (MoE) and the Ministry for Development of North Eastern Region (MDONER).

      (ii) In addition to the government leadership, the initiative will have two private sector co-chairs: Shobana Kamineni, Executive Chairperson of Apollo HealthCo Limited (Hyderabad, Telangana), and Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv Limited (Pune, Maharashtra), ensuring strong public-private collaboration.

About World Economic Forum (WEF)
President and CEO : Børge Brende (Norway)
Headquarters : Cologny, Switzerland
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Union Minister Ram Mohan Naidu Inaugurates DFDR and CVR Laboratory at Aircraft Accident Investigation Bureau (AAIB).

On April 10, 2025, Union Minister Ram Mohan Naidu, Ministry of Civil Aviation (MoCA), inaugurated the state-of-the-art Digital Flight Data Recorder (DFDR) and Cockpit Voice Recorder (CVR) Laboratory at the Aircraft Accident Investigation Bureau (AAIB), located at Udaan Bhawan, New Delhi.


      - Commonly referred to as the 'Black Box Lab,' the facility has been established with an investment of Rs 9 crore and supported by Bengaluru-based Hindustan Aeronautics Limited (HAL).


      - The Minister also launched the ‘Career Guidance Programme’ in Aviation at the Indian Aviation Academy, New Delhi.

     

Main Point :-   (i) This initiative aims to educate Class 11 and 12 students about career prospects in aviation, including roles such as pilots, air traffic controllers, aircraft designers, and airport managers.

      (ii) Additionally, Mahindra Aerostructures Private Limited (MASPL), a Bengaluru-based unit of Mahindra & Mahindra, secured a contract from Airbus Helicopters, a division of France-based Airbus, to manufacture and assemble the main fuselage of the H130 helicopter.

About Aircraft Accident Investigation Bureau (AAIB)
Director General (DG): Godaba Venkata Gouri Yugandhar
Headquarters : New Delhi
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Union MoS Dr. Jitendra Singh Inaugurates India’s First High-Altitude Atmospheric and Climate Research Centre in Jammu & Kashmir.

In April 2025, Union Minister of State (MoS) (Independent Charge), Dr. Jitendra Singh, Ministry of Science and Technology (MoS&T), inaugurated India’s first-ever and the world’s second Himalayan High Altitude Atmospheric and Climate Research Centre at Nathatop, located at an altitude of 2,250 meters in Mandlote village, Udhampur district, Jammu & Kashmir (J&K).


      - The centre will primarily focus on climate forecasting, aerosol studies, cloud microphysics, and weather pattern analysis in the North-Western Himalayan region. It supports India’s net-zero goals and reinforces the country's position in global climate science efforts.


      - The Nathatop site was selected due to its clean air and minimal pollution levels, making it ideal for studying atmospheric processes in free-tropospheric conditions without interference from urban or industrial emissions.

      - The research centre is the result of a collaborative effort involving the Ministry of Earth Sciences (MoES), the J&K Forest Department, and the Central University of Jammu (CUJ), with international expertise provided by the Swiss National Science Foundation (SNSF).

Main Point :-   (i) This high-altitude centre will contribute valuable atmospheric data to the Geneva (Switzerland)-based World Meteorological Organization’s (WMO) Global Atmospheric Watch (GAW) Programme, thus helping to refine global climate prediction models.

      (ii) Alongside the inauguration, the Indo-Swiss Joint Research Project titled ‘ICE-CRUNCH’ (Ice Nucleating Particles and Cloud Condensation Nuclei Properties in the North-Western Himalayas) was officially launched in the Udhampur district.

(iii) Under the ICE-CRUNCH project, the centre will begin its first measurements focused on understanding how aerosols affect cloud formation, rainfall patterns, and climate variations in the Himalayan region. This study involves collaboration between Indian researchers and scientists from ETH Zürich, Switzerland, supported by the SNSF.

About Jammu & Kashmir (J&K)
Chief Minister (CM) : Omar Abdullah
Lieutenant Governor (LG) : Manoj Sinha
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Union Minister Sarbananda Sonowal Unveils Digital Portal to Strengthen National Waterways Management.

In April 2025, Union Minister Sarbananda Sonowal from the Ministry of Ports, Shipping & Waterways (MoPSW) launched a new digital portal developed by the Inland Waterways Authority of India (IWAI), based in Noida, Uttar Pradesh. The portal is designed to enhance the Ease of Doing Business (EoDB) in the Inland Water Transport (IWT) sector.


      - This initiative aims to attract private sector participation in the development and modernization of inland waterways across India. The launch event was attended by Vijay Kumar, Chairman of IWAI, along with other senior officials from IWAI and MoPSW.


      - During the launch event of the new digital portal, Union Minister Sarbananda Sonowal introduced the National Waterways (Construction of Jetties/Terminals) Regulations, 2025. These newly established regulations aim to encourage private investment in developing jetties and terminals along India’s extensive network of National Waterways (NWs).

      - The new framework allows both private and public sector entities to apply for a No Objection Certificate (NoC) from the Inland Waterways Authority of India (IWAI). This certificate is mandatory for developing or operating an inland waterway terminal, thereby streamlining the entry of new players into the IWT sector.

Main Point :-   (i) The regulations are designed to be inclusive, covering both new and existing terminals—whether permanent or temporary—under a single, unified framework. This ensures standardization and transparency in terminal development and operations on national waterways.

      (ii) A significant milestone at the event was the issuance of the first-ever digital NoC through the portal to Marina India Infrastructure Private Limited (MIIPL), based in Mumbai, Maharashtra. This marked the first time a private company received an NoC to construct a terminal on any National Waterway.

(iii) MIIPL will establish a jetty at Malim on river Mandovi (National Waterway-68) in Goa. With an investment of around Rs 8 crore (USD 96,000), the jetty will be capable of berthing up to 16 privately-owned yachts and pleasure crafts with a length of up to 30 meters, boosting tourism and marine infrastructure in the region.

About Inland Waterways Authority of India (IWAI)
Chairman : Vijay Kumar
Headquarters : Noida, Uttar Pradesh (UP)
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GRSE and SDHI Ink MoU to Strengthen Indigenous Commercial Shipbuilding Efforts.

In April 2025, Kolkata (West Bengal)-based Garden Reach Shipbuilders & Engineers Limited (GRSE) entered into a strategic Memorandum of Understanding (MoU) with Gujarat-based Swan Defence and Heavy Industries Limited (SDHI) to boost collaboration in commercial shipbuilding and offshore infrastructure, thereby advancing India's maritime self-reliance under the Atmanirbhar Bharat initiative.


      - The MoU is designed to develop a robust and scalable commercial shipbuilding model by harnessing the core competencies of GRSE and SDHI in design, infrastructure, and project execution to serve both domestic and international markets for ships and offshore assets.


      - The partnership enables both entities to share infrastructure and jointly develop standardised vessel platforms, aimed at improving project timelines and ensuring cost-effectiveness.

      - The agreement encompasses collaboration in vessel trials, commissioning processes, and comprehensive ship repair services.

Main Point :-   (i) GRSE and SDHI will adopt integrated project management approaches and co-create solutions to minimise operational hurdles.

      (ii) A strong emphasis will be placed on establishing a mutually advantageous vendor and supply chain framework, with joint procurement and sourcing strategies.

(iii) The agreement includes training initiatives to cultivate skilled manpower, supporting long-term growth of the shipbuilding sector.

About Garden Reach Shipbuilders & Engineers Limited (GRSE)
Established : 1884
Headquarters : Kolkata, West Bengal
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India and Israel Strengthen Strategic Ties to Enhance Agricultural Innovation and Productivity.

In April 2025, the Government of India (GoI) and the Government of Israel signed significant agreements to strengthen bilateral cooperation in the field of agriculture, focusing on enhancing agricultural productivity, innovation, and sustainability.


      - The agreements were signed in New Delhi (Delhi) between Union Minister Shivraj Singh Chouhan, Ministry of Agriculture and Farmers' Welfare (MoA&FW), and Avi Dichter, Israel’s Minister of Agriculture and Food Security, during his first official visit to India in his current role.


      - As part of the engagement, Union Minister Shivraj Singh Chouhan extended an invitation to the Israeli delegation to participate in World Food India 2025, scheduled to be held from September 25th to 28th in New Delhi.

      - The strategic partnership between India and Israel aims to tackle the dual challenges of climate change and population growth impacting agriculture. A key highlight of the discussions was the proposal of a Five-Year Seed Improvement Plan (FYSIP), which focuses on developing high-quality, high-yielding seed varieties. This initiative is expected to significantly enhance food security by increasing productivity.

Main Point :-   (i) Both nations emphasized the vital role of technological innovation and capacity building in modernizing agriculture. As part of the agreement, they committed to expanding the use of advanced agricultural technologies such as pest management and post-harvest solutions. Additionally, the plan includes setting clear guidelines for technology transfer, boosting capacity development, and improving market access.

      (ii) To implement the agreement effectively, India and Israel will form a Joint Working Group (JWG). This group will be responsible for preparing a detailed roadmap with specific goals and timelines. Key focus areas will include the enhancement of Centres of Excellence (CoEs) and scaling the Villages of Excellence (VoE) initiative to broaden the outreach of modern farming practices.

(iii) A notable contributor to this cooperation is MASHAV, Israel’s Agency for International Development Cooperation. MASHAV has played a pivotal role in strengthening Indo-Israeli agricultural ties. So far, 43 Centres of Excellence have been set up under this initiative, with 35 of them currently operational, serving as hubs for knowledge sharing, innovation, and capacity enhancement in agriculture.

About Israel
President : Isaac Herzog
Prime minister (PM) : Benjamin Netanyahu
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Rajesh Unni Receives National Maritime Varuna Award 2025 for Outstanding Contribution.

In April 2025, Captain Rajesh Unni, Founder of Singapore-based Synergy Marine Group, was conferred the National Maritime Varuna Award, the highest individual honour in India’s maritime sector, by the Government of India (GoI) during the 62nd National Maritime Day (April 5) celebrations held in Mumbai (Maharashtra).


      - Rajesh Unni was recognised for his over two decades of transformative contributions in reshaping global ship management and enhancing India’s presence in the global maritime sector.


      - The award was presented by Shyam Jagannathan, Director General of Shipping (DGS) and Chairman of the National Maritime Day Celebration (Central) Committee (NMDCC) under the Ministry of Ports, Shipping and Waterways (MoPSW).

     

Main Point :-   (i) The National Maritime Varuna Award is presented annually during India’s National Maritime Day celebrations to recognise individuals for their sustained and extraordinary contributions to the country’s maritime sector. The award commemorates India’s rich maritime heritage and the historic 1919 voyage of S.S. Loyalty, the first Indian-owned ship to sail internationally under the Indian flag.

      (ii) The award includes a statue of Lord Varuna and a scroll acknowledging the recipient’s significant contributions to the maritime industry.

(iii) India’s first coastal green shipping corridor will be developed between Kandla (Gujarat) and Tuticorin (Tamil Nadu, TN) in collaboration with the Shipping Corporation of India (SCI), Deendayal Port Authority (DPA) in Gujarat, and V. O. Chidambaranar Port Authority (VoCPA) in TN.

About Synergy Marine Group
Founder and Executive Chairman : Rajesh Unni
Headquarters : Singapore
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MoWCD’s Palna Scheme under Mission Shakti Ensures Quality Day-Care for Children Aged 6 Months to 6 Years.

The Palna Scheme, integrated within the Samarthya sub-scheme of Mission Shakti, stands as a vital initiative by the Ministry of Women and Child Development (MoWCD) to ensure accessible and quality day-care services for children aged six months to six years.


      - To ease the burden on working mothers and ensure proper care and protection for their young children, the Palna Scheme facilitates the provision of day-care crèche services.


      - Under the Palna Scheme, key services include day-care facilities with proper sleeping arrangements, early stimulation activities for children below 3 years, and pre-school education for those aged 3 to 6 years. The scheme also ensures locally sourced supplementary nutrition, along with regular growth monitoring, health check-ups, and immunization support.

     

Main Point :-   (i) Palna Scheme Launched in 2022, the Palna Scheme is a restructured and renamed version of the former National Creche Scheme.

      (ii) Its core aim is to offer safe, nurturing, and development-focused crèche services, ensuring child health, cognitive growth, regular monitoring, immunization, and nutrition, in convergence with Mission Poshan 2.0.

(iii) Palna functions as a Centrally Sponsored Scheme (CSS) with a funding ratio of 60:40 between the Central and State Governments and Union Territories (UTs) with legislatures. For North Eastern and Special Category States, the funding ratio is 90:10.

About MoWCD
Minister : Krishna Raj
Headquarters : New Delhi
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Startup Mahakumbh 2025 Inaugurated in New Delhi by Union Minister Piyush Goyal.

Union Minister Piyush Goyal, Ministry of Commerce and Industry (MoC&I), inaugurated the 2nd edition of Startup Mahakumbh, held from April 3 to 5, 2025, at Bharat Mandapam, New Delhi.


      - Startup Mahakumbh 2025, recognized as the world's largest event for startups and innovation, was organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).


      - The event was supported by leading industry associations including ASSOCHAM, The Indus Entrepreneurs (TiE), Indian Venture and Alternate Capital Association (IVCA), and the Bootstrap Foundation.

     

Main Point :-   (i) During the event, Union Minister Piyush Goyal announced the approval of a Second Fund of Funds for Startups (FFS) with a total corpus of ₹10,000 crore (USD 1.17 billion). He also announced the launch of a dedicated Startup India Desk within the Ministry of Commerce and Industry.

      (ii) The Startup Maharathi Challenge 2025 was unveiled, aiming to honour outstanding startups contributing to India’s innovation ecosystem.

(iii) The India Fintech Foundation (IFF) was officially launched as a proposed self-regulatory organization (SRO) for the Indian fintech sector. The logo of IFF was unveiled by Amitabh Kant, India’s G20 Sherpa.

About Federation of Indian Chambers of Commerce and Industry (FICCI)
President : Harsha Vardhan Agarwal
Headquarters : New Delhi
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President Droupadi Murmu Approves Waqf (Amendment) Act, 2025.

On April 5, 2025, President Droupadi Murmu gave her assent to the Waqf (Amendment) Act, 2025. The Bill was passed by Parliament following three days of intense debate in both the Lok Sabha and the Rajya Sabha.


      - The main objective of the Waqf (Amendment) Act, 2025 is to amend the Waqf Act, 1995, to address existing challenges in the regulation and management of waqf properties across India.


      - The amendment aims to enhance transparency, administration, and overall governance of waqf assets.

     

Main Point :-   (i) Waqf refers to properties permanently dedicated for religious or charitable purposes under Islamic law, and their use or sale for any other purpose is strictly prohibited. Once dedicated, the property is considered to be held in the name of Allah.

      (ii) A waqf is permanent and irrevocable—once a property becomes waqf, it cannot be taken back, reclaimed, or redirected from its intended religious or charitable purpose.

(iii) India holds the largest waqf property base in the world. The Waqf Board is also the third-largest landowner in the country, after the Indian Armed Forces and the Indian Railways.

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Ministry of Finance Announces Implementation of 'One State, One RRB' Policy from May 1, 2025.

In April 2025, the Department of Financial Services (DFS), Ministry of Finance (MoF), announced the implementation of the 'One State-One Regional Rural Bank (RRB)' policy through an official notification.


      - This initiative involves the amalgamation of 26 RRBs across 11 regions (10 States and 1 Union Territory), with effect from May 1, 2025. States affected include Andhra Pradesh (AP) with the highest number of RRBs (4), followed by Uttar Pradesh (UP) and West Bengal (WB) (3 each), and Bihar, Gujarat, Jammu & Kashmir (J&K), Karnataka, Madhya Pradesh (MP), Maharashtra, Odisha, and Rajasthan (2 each).


      - The merger is executed under Section 23A (1) of the RRB Act, 1976, and marks the 4th round of RRB consolidation, reducing the number of RRBs from 43 to 28 across India.

     

Main Point :-   (i) As per the notification, each newly formed RRB will inherit the properties, powers, rights, obligations, and duties of the previously existing banks.

      (ii) The goal of this consolidation is to enhance the operational efficiency of RRBs, avoid overlapping functions, and reduce competition among Public Sector Banks (PSBs) that sponsor them.

(iii) The ongoing consolidation process of RRBs began in 2005, following the recommendations of the Dr. Vyas Committee.

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Tri-Services All-Women Sailing Expedition ‘Samudra Pradakshina’ Recently Flagged Off from Mumbai.

In April 2025, Lieutenant General (Lt Gen) AK Ramesh, Commandant of the Pune (Maharashtra)-based College of Military Engineering (CME), flagged off India’s first all-women tri-services circumnavigation sailing expedition, titled "Samudra Pradakshina", from the Indian Naval Watermanship Training Centre (NWTC) in Colaba, Mumbai (Maharashtra).


      - This pioneering initiative is aimed at promoting gender parity in maritime operations and celebrating the unwavering spirit of Nari Shakti (women power).


      - Additionally, it serves as a preparatory mission for a more challenging global circumnavigation sailing expedition scheduled for 2026.

     

Main Point :-   (i) The expedition involves a 55-day sea voyage, covering around 4,000 nautical miles from Mumbai to Seychelles and back, aboard the Indian Armed Services Vessel (IASV) Triveni. The mission is set to culminate with a Flag-In Ceremony in Mumbai on 30th May 2025.

      (ii) The sailing team comprises a 12-member all-women crew, selected from 41 volunteers representing the Indian Army (IA), Indian Navy (IN), and Indian Air Force (IAF). These officers have undergone two years of extensive ocean sailing training.

(iii) Launched by the Ministry of Defence (MoD), this initiative aims to highlight the resilience, bravery, and leadership of women in the armed forces, while inspiring broader female participation in both maritime and defence sectors.

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UNCTAD Reports that India Ranked 36th in Global Index for Readiness in Frontier Technologies.

In April 2025, the Geneva (Switzerland)-based United Nations Conference on Trade and Development (UNCTAD) released the '2025 Technology and Innovation Report', highlighting global readiness for frontier technologies. According to the report, India secured the 36th rank (for the year 2024) among 170 countries on the ‘Readiness for Frontier Technologies’ Index, marking a significant improvement from the 48th rank in 2022.


      - The index evaluates five core indicators: Information and Communications Technology (ICT) deployment, skills, Research and Development (R&D) activity, industrial capacity, and access to finance.


      - India’s performance on the ‘Readiness for Frontier Technologies’ Index was mixed across key parameters. It ranked 99th in ICT deployment, 113th in skills, but showed strength in R&D activity (3rd) and industrial capacity (10th).

      - In terms of access to finance, India stood at 70th, reflecting areas of both progress and potential improvement.

Main Point :-   (i) Among the top 5 countries globally, four were developed nations: the United States of America (1st), Sweden (2nd), Netherlands (3rd), and Switzerland (4th).

      (ii) Singapore secured the 5th position, making it the only Asian country featured in the top five rankings.

(iii) According to the 2025 Technology and Innovation Report by UNCTAD, in 2023, only two developing countries made notable private investments in Artificial Intelligence (AI). China ranked 2nd globally, investing approximately USD 7.8 billion, while India secured the 10th position, with AI investments worth USD 1.4 billion. This highlights the growing emphasis on AI development in emerging economies.

About United Nations Conference on Trade and Development (UNCTAD)
Secretary-General : Rebeca Grynspan
Headquarters : Geneva, Switzerland
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UNESCAP Warns"Climate Disasters Could Slash GDP by 6% in One-Third of Asia-Pacific Countries".

On April 8, 2025, the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) released its report titled “Economic and Social Survey of Asia and the Pacific 2025: Understanding the Macroeconomic Implications of Climate Change.” The report sheds light on the significant economic challenges faced by the Asia-Pacific region due to the adverse impacts of climate change.


      - According to UNESCAP, climate disasters could result in annual economic losses of at least 6% of Gross Domestic Product (GDP) in one-third of the region's countries.


      - Despite contributing 60% to global economic growth in 2024, many Asia-Pacific nations remain underprepared for the potential economic shocks induced by climate change and the transition to greener, more sustainable economies.

      - The report highlights key threats to regional resilience, including slower productivity growth, high public debt risks, and increasing trade tensions, while emphasizing the critical need for governments to strike a balance between promoting economic growth and achieving sustainability amidst the growing climate-related challenges.

Main Point :-   (i) The survey analyzed 30 Asia-Pacific countries and identified 11, including Afghanistan, Cambodia, Iran, Kazakhstan, Laos, Mongolia, Myanmar, Nepal, Tajikistan, Uzbekistan, and Vietnam, as particularly vulnerable to climate risks. These nations face heightened risks due to their reliance on climate-sensitive sectors such as agriculture, fossil fuels, and coastal economies.

      (ii) India's Real GDP growth is projected to increase to 6.5% in 2025, up from 6.2% in 2024, with inflation expected to ease to 4.3%.

(iii) By 2026, India's GDP growth is forecast to reach 6.6%, backed by strong macroeconomic fundamentals, while inflation is anticipated to decrease further to 4%.

About United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)
Executive Secretary : Armida Salsiah Alisjahbana
Headquarters : Bangkok, Thailand
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Bandhan Bank Introduces 'Elite Plus' Savings Account for High Net-worth Individuals (HNIs).

In April 2025, Bandhan Bank Limited, based in Kolkata (West Bengal), launched the 'Elite Plus' Savings Account, specifically designed for High Net-worth Individuals (HNIs). This premium account offers a range of exclusive benefits such as unlimited monthly cash deposits, complimentary digital transactions, and luxurious lifestyle perks.


      - The product was unveiled by Partha Pratim Sengupta, Managing Director and Chief Executive Officer (MD & CEO) of Bandhan Bank, alongside former Indian cricket captain Sourav Ganguly.


      - The 'Elite Plus' Savings Account provides an enhanced banking experience with unlimited free cash deposits each month, along with complimentary RTGS (Real Time Gross Settlement), NEFT (National Electronic Funds Transfer), and IMPS (Immediate Payment Service) transactions.

     

Main Point :-   (i) The account also offers enhanced debit card insurance coverage, including up to Rs 15 lakh for personal accident cover and Rs 3 lakh for purchase protection.

      (ii) Customers enjoy domestic lounge access, with 2 visits per quarter for the cardholder and 1 for a companion.

(iii) To qualify for the 'Elite Plus' Savings Account, customers must be Indian residents and meet any of the following balance criteria: a monthly average savings account balance of Rs 15,00,000, a term deposit relationship of Rs 75,00,000, or a Total Relationship Value (TRV) of Rs 15,00,000 or above.

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"Juspay Emerges as India’s First Unicorn of 2025".

In April 2025, Bengaluru (Karnataka)-based payments infrastructure company, Juspay became India's 1st Unicorn of 2025 and successfully raised USD 60 million in a Series D funding round through a combination of primary and secondary investments.


      - This round was led by Mumbai (Maharashtra)-based Kedaara Capital, with participation from existing investors such as: Tokyo (Japan)-based SoftBank Group Corporation and Chennai (Tamil Nadu, TN)-based Accel Limited.


      - Mumbai (Maharashtra)-based Avendus Capital Private Limited acted as the exclusive financial advisor to Juspay for the transaction. Unicorn refers to startups whose valuation exceeds USD 1 billion.

      - Juspay, a Bengaluru-based fintech firm, will use its recent funding to enhance Artificial Intelligence (AI) capabilities, aiming to develop future-ready innovations that boost workforce productivity and improve merchant experiences. It also plans to expand its open-source payment orchestration platform to meet growing market demands efficiently and effectively.

Main Point :-   (i) The company has successfully expanded its global footprint, establishing a presence across Asia-Pacific, Latin America, Europe, the United Kingdom (UK), and North America. Notably, in January 2025, Juspay had already begun exploring a USD 150 million Series D funding round, led by Kedaara Capital, with potential support from West Bridge and SoftBank.

      (ii) According to market intelligence platform Tracxn, Juspay had previously secured USD 60 million in Series C (2021) and USD 21.6 million in Series B (2020). These consistent funding rounds reflect strong investor confidence in the company's long-term vision and operational resilience.

(iii) In a significant regulatory milestone, the Reserve Bank of India (RBI) granted Payment Aggregator (PA) authorisation to Juspay in February 2024. Financially, the company demonstrated robust growth in FY 2023-24 (FV24), with revenue increasing by 49.6%, from Rs 213.39 crore in FV23 to Rs 319.32 crore in FV24.

About Juspay
Founder and CEO : Vimal Kumar
Headquarters : Bengaluru, Karnataka
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RBI Named World's Most Innovative Financial Institution by Global Finance Magazine.

In April 2025, the Reserve Bank of India (RBI) was honoured as the Most Innovative Financial Institution globally in the 2025 Innovators list by Global Finance magazine (United States of America, USA), marking the first time a central bank has received this prestigious accolade.


      - In the 2025 Innovators list, Global Finance magazine also recognised HSBC Holdings plc and Standard Chartered plc, both headquartered in London, United Kingdom (UK), for their innovation in the financial sector.


      - The award acknowledges the Unified Lending Interface (ULI), a platform developed by the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of RBI, headquartered in Bengaluru, Karnataka.

      - ULI, launched as a pilot in August 2023, aims to enable frictionless credit delivery by providing lenders with seamless access to authenticated financial and non-financial data through standardised Application Programming Interfaces (APIs).

Main Point :-   (i) In its 12th Annual Innovators Awards 2025, Global Finance honoured the Most Innovative Banks and Fintech Companies globally and regionally.

      (ii) The 2025 awards also recognised Nubank (São Paulo, Brazil), REGnosys (London), and Auquan (London) as among the most innovative financial technology companies globally.

(iii) In the regional categories, Taipei Fubon Bank (Asia-Pacific), Bank of America (North America), and Société Générale (Western Europe) were named innovation leaders in their respective geographies.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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Tata Steel Recognised as Steel Sustainability Champion 2025 by World Steel Association.

In April 2025, Mumbai (Maharashtra)-based Tata Steel Limited (TSL) was recognised as a Steel Sustainability Champion 2025 by Brussels, Belgium-based World Steel Association (worldsteel) for the eighth consecutive year since 2018.


      - This accolade, announced during Worldsteel's Special General Meeting (SGM) held in Sydney, Australia, highligh- Tata Steel's leadership in Environmental, Social, and Governance (ESG) excellence and its commitment to sustainable steelmaking.


      - To qualify as a Steel Sustainability Champion, Tata Steel endorsed worldsteel’s Sustainability Charter, fulfilling rigorous criteria in areas such as environmental management, workplace safety, innovation, and transparency.

      - The company also contributed Life Cycle Inventory (LCI) data to worldsteel’s global data collection programme, which is essential for evaluating the environmental impact of steel products.

Main Point :-   (i) In Financial Year 2024-25 (FY25), Tata Steel achieved several sustainability milestones. It became India’s first steelmaker to manufacture hydrogen (H) transport-ready steel pipes, introduced biochar into its blast furnaces, and carried out India’s first B24 biofuel-powered raw material shipment, marking notable strides in green steel production and clean logistics.

      (ii) Additionally, Tata Steel launched the Carbon Bank, a virtual CO₂ repository designed to promote and track low-carbon products.

(iii) The company has set a target of achieving Net Zero emissions by 2045 and continues to lead in digital transformation, with multiple plants earning the World Economic Forum’s Global Lighthouse recognition for their advanced use of smart technologies.

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NASA Astronaut Jonny Kim Launches to ISS Aboard Soyuz MS-27 with Russian Crewmates.

In April 2025, NASA (National Aeronautics and Space Administration) astronaut Jonathan Yong Jonny Kim and Roscosmos (Russian Space Agency) cosmonauts Sergey Viktorovich Ryzhikov and Alexey Vitalyevich Zubritsky successfully launched to the International Space Station (ISS) aboard the Soyuz MS-27, a Russian spacecraft.


      - The launch took place from the Baikonur Cosmodrome, Kazakhstan, a launch facility leased by Russia.


      - This marks the first space mission for Jonny Kim and Alexey Zubritsky, and the third spaceflight for Sergey Ryzhikov.

      - In April 2025, Soyuz MS-27 successfully docked with the International Space Station (ISS), initiating an eight-month mission as part of Expeditions 72 and 73. The crew—NASA astronaut Jonny Kim and Roscosmos cosmonauts Sergey Ryzhikov and Alexey Zubritsky—is scheduled to return to Earth in December 2025.

Main Point :-   (i) The mission will focus on conducting a wide range of scientific investigations and technology demonstrations. These experiments are designed to support future deep-space exploration and deliver advancements in technology and medicine that benefit life on Earth.

      (ii) The International Space Station (ISS) is a state-of-the-art orbital laboratory located in low Earth orbit, developed through international collaboration. It is jointly operated by five major space agencies: NASA (USA), Roscosmos (Russia), JAXA (Japan), ESA (Europe), and CSA (Canada).

About National Aeronautics and Space Administration (NASA)
Acting Administrator : Janet Petro
Headquarters : Washington, D. C., the United States of America (USA)
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India Clinches 6 Medals at World Boxing Cup 2025 in Brazil and Hitesh Gulia Secures Gold.

The World Boxing Cup Brazil 2025, the first leg of the World Boxing Cup 2025, was held from 31st March to 5th April 2025 at Foz do Iguaçu, Brazil, where India secured 6 medals and finished 2nd in the overall men's medal tally.


      - Uzbekistan topped the overall men's medal tally with a total of 7 medals (5 Gold, 1 Silver, and 1 Bronze), followed by India in second place with 6 medals (1 Gold, 1 Silver, and 4 Bronze), while Brazil stood third with 5 medals (2 Gold, 2 Silver, and 1 Bronze).


      - The World Boxing Cup 2025 is organised by World Boxing (WB), a Switzerland-based global governing body for Olympic-style boxing. The tournament witnessed the participation of 130 male and female boxers from 19 countries.

      - India was represented by a 10-member men's team, while the women’s team did not participate due to the ongoing 8th Elite Women National Boxing Championship in Greater Noida, Uttar Pradesh (UP).

Main Point :-   (i) The tournament is being held in three legs across different countries — Brazil, Kazakhstan, and India.

      (ii) Boxers will earn ranking points at each leg, which will determine qualification for the season-ending World Boxing Cup Finals.

(iii) The second leg will be hosted in Astana, Kazakhstan, from 30th June to 7th July 2025, while the finals will be held in New Delhi, India, from 15th to 22nd November 2025.

About World Boxing (WB)
President : Boris van der Vorst
Headquarters Lausanne, Switzerland
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Brahma Kumaris Spiritual Leader Dadi Ratan Mohini Passes Away.

In April 2025, Dadi Ratan Mohini, the Chief Administrator of Brahma Kumaris Ishwariya Vishwavidyalaya, passed away at the age of 101 in Ahmedabad, Gujarat. She was born in 1925 in Hyderabad, Sindh (now in Pakistan).


      - She was one of the most prominent spiritual figures in India and served as a guiding light for millions through her long-standing association with the Brahma Kumaris, which is recognised as the world's largest women-led spiritual organisation.


      - She was the second chief of the Brahma Kumaris to reach the age of 100, following Dadi Janki, who passed away in 2020 at the age of 104.

      - Dadi Ratan Mohini joined the Brahma Kumaris at the age of 13 in Mount Abu, Rajasthan, playing a key role in the organisation's global growth by promoting women's empowerment, youth development, and environmental protection. She became the Chief Administrator of Brahma Kumaris in 2021, following the passing of Dadi Hriday Mohini.

Main Point :-   (i) Dadi Ratan Mohini led the youth wing for over four decades, inspiring young people to adopt spiritual and value-based living.

      (ii) She represented the Brahma Kumaris at international forums, including the World Peace Conference in Japan (1954) and spiritual missions in Hong Kong, Singapore, and Malaysia.

(iii) In 2014, Dadi Ratan Mohini was conferred with an Honorary Doctorate by Gulbarga University, Karnataka, for her contributions to society and spirituality, and in 2006, she led a 31,000 km youth march across India to promote value education, which was recognised in the Limca Book of Records.

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Central Reserve Police Force (CRPF) Valour Day Observed on 9 April 2025.

The Central Reserve Police Force (CRPF) Valour Day, also known as Shaurya Diwas, is observed annually on April 9 to honor the bravery of CRPF personnel during the 1965 Battle of Sardar Post in Gujarat. In 2025, India celebrated the 60th anniversary of this historic battle, paying tribute to the sacrifices made by the CRPF soldiers.


      - CRPF Valour Day commemorates the courage of CRPF troops during Operation Desert Hawk on April 9, 1965, when a small contingent of the 2nd Battalion defended Sardar Post in the Rann of Kutch against a full-fledged Pakistani infantry brigade. Despite being heavily outnumbered, the CRPF unit repelled the attack, causing 34 enemy casualties and capturing 4 Pakistani soldiers. Six brave CRPF personnel lost their lives in the confrontation.


      - Valour Day not only pays tribute to those who laid down their lives in 1965 but also symbolizes the resilience, courage, and unwavering commitment of the CRPF towards national security. It serves as a reminder of the vital role the CRPF continues to play in safeguarding India.

      - The New Delhi-based CRPF is India’s largest Central Armed Police Force (CAPF). It was originally founded on July 27, 1939, as the Crown Representative’s Police and was renamed the Central Reserve Police Force under the CRPF Act of December 28, 1949. Over the years, it has grown into a vital force for national security and law enforcement.

Main Point :-   (i) As of 2025, the CRPF consists of 246 battalions, including specialized units such as Mahila Battalions, Rapid Action Force (RAF), and Commando Battalion for Resolute Action (COBRA). The force operates under the Ministry of Home Affairs (MHA) and is primarily responsible for internal security, counter-insurgency operations, and disaster response.

      (ii) The CRPF’s legacy of bravery is reflected in its numerous gallantry awards, including 1 George Cross, 1 Ashok Chakra, 10 Kirti Chakras, 39 Shaurya Chakras, 1 Padma Shri, and over 2,027 Police Medals for Gallantry. So far, 2,255 CRPF personnel have made the ultimate sacrifice in the line of duty.

(iii) On April 9, 2025, CRPF commemorated its 60th Valour Day with various events, including wreath-laying ceremonies at memorials to honor the martyrs. Additionally, parades and exhibitions were organized, showcasing the operational strength, capabilities, and rich history of the force.

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MP CM Mohan Yadav Launches ANMOL 2.0 App and Web Portal to Boost Maternal Health Services.

On the occasion of World Health Day (April 7, 2025), Madhya Pradesh (MP) Chief Minister (CM) Dr. Mohan Yadav launched the Auxiliary Nurse Midwife Online 2.0 (ANMOL 2.0) app, web portal, and the Maternal & Child Sanjeevan Mission Strategy Document in Bhopal, MP.


      - The ANMOL 2.0 platform aims to ensure 100% registration and real-time monitoring of pregnant women and infants to effectively reduce the Maternal Mortality Rate (MMR) and Infant Mortality Rate (IMR) in the state.


     

     

Main Point :-   (i) Around 20,000 Auxiliary Nurse Midwives (ANMs) have been mapped and trained to utilize the ANMOL 2.0 system for seamless data entry and health service delivery.

      (ii) Future plans include the integration of Accredited Social Health Activists (ASHAs) and Anganwadi workers into the platform, enabling a comprehensive and collaborative approach to maternal and child healthcare services.

(iii) The Government of MP has set specific targets to reduce the MMR to below 100 and the IMR to below 20 by the year 2030, aligning with national health objectives.

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Renowned Rai Folk Dancer and Padma Shri Recipient Ram Sahay Panday Passes Away.

In April 2025, renowned folk dance artist Ram Sahay Panday passed away at the age of 92 in Sagar district, Madhya Pradesh (MP). He was born in Sagar district (MP) on March 11, 1933.


      - In 2022, he was honoured with the Padma Shri award, India's fourth highest civilian award in the field of Arts, for his contributions to Indian art and culture, particularly for preserving and popularising Rai dance.


      - Ram Sahay Panday dedicated over 60 years of his life to promoting Rai, a traditional folk dance form of the Bedia community from the Bundelkhand region in MP, by skillfully blending it with the rhythmic beats of the classical percussion instrument Mridangam.

      - Ram Sahay Panday transformed Rai dance from a local tradition into a globally acclaimed cultural heritage, delivering over 100 performances in 18 countries.

Main Point :-   (i) Ram Sahay Panday established the Bundelkhandi Lok Nritya Natya Kala Parishad, an organization committed to preserving the rich cultural heritage of the economically marginalized Bundelkhand region.

      (ii) He was appointed as a member of the Tribal Folk Art Council by the Government of Madhya Pradesh in recognition of his lifelong dedication to the art form.

(iii) He was honoured with the title of ‘Nritya Shiromani’ in 1980 and "Shikhar Samman" in 1984 by the Government of Madhya Pradesh.

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Supreme Courts of India and Nepal Sign MoU to Strengthen Judicial Cooperation.

In April 2025, the Supreme Court (SC) of India signed a Memorandum of Understanding (MoU) with the Supreme Court of Nepal to enhance judicial cooperation between the two countries. The agreement was formalized in New Delhi, India.


      - The MoU is aimed at fostering structured interactions, exchange visits, training programs, and academic collaborations between judges and judicial officers of both nations, paving the way for stronger legal ties and improved judicial capabilities.


      - The event was attended by CJI Justice Sanjiv Khanna, Nepal’s CJI Justice Prakash Man Singh Raut, MoS Arjun Ram Meghwal, Attorney General R. Venkataramani, Solicitor General Tushar Mehta, and other senior legal officials.

     

Main Point :-   (i) A dedicated group will be formed with officials from both the Indian and Nepali judiciaries. This group will be responsible for planning, coordinating, and implementing collaborative activities to strengthen judicial cooperation between the two nations. The focus will be on creating structured and goal-oriented partnerships.

      (ii) Both countries will adopt digital innovations to streamline judicial processes and improve services. Capacity building will include training, seminars, research, and cross-border visits to enhance judicial knowledge and efficiency.

(iii) The agreement encourages the mutual sharing of information on recent legal trends, judicial reforms, and procedural updates. This exchange of knowledge is intended to promote continuous learning, modernization of judicial practices, and a deeper understanding of each country's legal frameworks.

About the Supreme Court of India (SCI)
Chief Justice: Justice Sanjiv Khanna
Headquarters : New Delhi
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Private Firms Secure ₹25,000 Crore Share in HAL’s Mega Deal for 156 Light Combat Helicopters.

In April 2025, Hindustan Aeronautics Limited (HAL) secured a major deal worth ₹62,500 crore from the Cabinet Committee on Security (CCS) for the supply of 156 Light Combat Helicopters (LCH) to the Indian Army (IA) and the Indian Air Force (IAF). Following the approval of this mega deal, HAL has planned to allocate approximately ₹25,000 crore (40%) of the contract value to private sector firms.


      - This strategic move is expected to boost the defence industrial ecosystem and significantly promote self-reliance in aerospace manufacturing across India at all levels.


      - The order for 156 Light Combat Helicopters (LCH) will be split between the Indian Army (90 helicopters) and the Indian Air Force (66 helicopters) for deployment along the China and Pakistan borders. This move marks a significant push towards job creation and aerospace ecosystem expansion within India.

      - HAL will manufacture the helicopters at its facilities in Bengaluru and Tumkur, Karnataka. As India’s largest aerospace firm, HAL now maintains an order book exceeding ₹2 lakh crore, which also includes 83 Light Combat Aircraft (LCA)—10 of which are trainer variants—and 12 Su-30MKI fighter jets.

Main Point :-   (i) The Light Combat Helicopter (LCH), named Prachand, is the only attack helicopter in the world capable of taking off and landing at altitudes up to 5,000 meters (16,400 feet).i. The Light Combat Helicopter (LCH), named Prachand, is the only attack helicopter in the world capable of taking off and landing at altitudes up to 5,000 meters (16,400 feet).

      (ii) This remarkable high-altitude capability makes it ideal for operations in extreme terrains such as the Siachen Glacier and Eastern Ladakh.

(iii) The Prachand is equipped to launch a wide range of air-to-ground and air-to-air missiles, allowing it to neutralize enemy air defense systems and conduct precision strike operations effectively.

About Hindustan Aeronautics Limited (HAL)
Chairman and Managing Director (CMD) : Dr. DK Sunil
Headquarters : Bengaluru, Karnataka
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Axis Bank Rolls Out 'In-App Mobile OTP' Feature to Strengthen Cybersecurity Measures.

In April 2025, Mumbai (Maharashtra)-based Axis Bank Limited launched a new security feature called 'In-App Mobile OTP' on its Open mobile banking platform, aimed at addressing OTP-related frauds such as Subscriber Identity Module (SIM) swap and phishing attacks.


      - This feature replaces traditional SMS-based One-Time Passwords (OTPs) with more secure Time-based One-Time Passwords (TOTP) that are generated directly within the mobile banking app.


     

     

Main Point :-   (i) The primary objective of this innovation is to combat growing cyber threats related to SMS-based OTPs. By generating OTPs on the user’s device, Axis Bank offers a device-bound, time-sensitive solution that enhances protection against cyber fraud.

      (ii) The Mobile OTP feature allows users to log in to internet banking and authenticate transactions securely. It is accessible globally via internet, making it especially useful for seafarers, international travelers, and Non-Resident Indians (NRIs) who face OTP delivery issues while abroad.

(iii) The bank has also introduced instant alerts for login and transaction attempts, giving customers real-time visibility and greater control over their account activities.

About Axis Bank
CEO : Amitabh Chaudhry
Headquarter : Mumbai
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USA and UK Selected as Hosts for FIFA Women's World Cup 2031 and 2035 Editions.

In April 2025, Zurich (Switzerland)-based Fédération Internationale de Football Association (FIFA) President Gianni Infantino announced that the United States of America (USA) will be the sole bidder to host the 2031 FIFA Women’s World Cup, while the United Kingdom (UK) is set to host the 2035 edition.


      - The announcement was made during the 49th Union of European Football Associations (UEFA) Congress held in Belgrade, Serbia.


      - FIFA has also proposed expanding the 2031 Women’s World Cup from 32 to 48 teams, aligning it with the current men’s tournament format.

      - This marks a historic first for the tournament being held in the UK and the third time for the USA, showcasing a major global commitment to the growth of women’s football.

Main Point :-   (i) The United States of America (USA) is set to host the 11th edition of the FIFA Women’s World Cup in 2031, potentially in collaboration with other CONCACAF member nations. Meanwhile, the United Kingdom’s (UK) bid, involving England, Scotland, Wales, and Northern Ireland, remains the only valid submission to host the 2035 edition.

      (ii) The 10th edition of the FIFA Women’s World Cup, scheduled to be held in 2027, will be hosted by Brazil, making it the first time the women’s tournament will be conducted in South America. This reinforces FIFA's aim to diversify global hosting of major football tournaments.

(iii) In addition to this, the USA, along with Canada and Mexico, is already confirmed as the co-host for the 2026 FIFA Men’s World Cup (23rd edition). Furthermore, the UEFA Euro 2028 (18th edition) will be co-hosted by England, Ireland, Scotland, and Wales, further strengthening collaborative hosting efforts in global football.

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Padma Shri Awardee Sudarsan Pattnaik Becomes First Indian to Win Fred Darrington Sand Art Award.

In April 2025, renowned Indian sand artist and Padma Shri awardee, Sudarsan Pattnaik became the first Indian to recently receive the Fred Darrington Sand Master Award for Excellence in Art and Culture, recognizing his outstanding contributions to the art of sand sculpting.


      - The award and medal were presented to him by Cllr Jon Orrell, Mayor of Weymouth, during the Sandworld 2025 International Sand Art Festival, held in Weymouth, United Kingdom (UK).


      - He received the award in the presence of eminent dignitaries, including Mark Andersen, Director of Sandworld; David Hicks, Co-founder of the Sandworld Festival; and Naorem J. Singh, Minister for Culture at the High Commission of India in London, United Kingdom (UK).

      - At the Sandworld 2025 International Sand Art Festival, Sudarsan Pattnaik sculpted a stunning 10-foot-high statue of Lord Ganesha, conveying the powerful message of ‘World Peace.’ This artwork drew immense appreciation from global visitors and contributed significantly to the cultural and spiritual ambiance of the event.

Main Point :-   (i) The prestigious Fred Darrington Sand Master Award coincided this year with the 100th birth anniversary of the legendary British sculptor Fred Darrington. The festival, held at Lodmoor Park, has long been a hub for international sand art, renowned for showcasing massive and intricate sculptures made purely from sand and water.

      (ii) The Sandworld exhibition, open till November 2025, features remarkable works from renowned artists across the globe. It has earned global recognition for its artistic excellence, attracting tourists, professionals, and art lovers from various countries, making it a unique platform for creative expression in sand sculpting.

(iii) Hailing from Odisha, Sudarsan Pattnaik has represented India in over 65 international sand sculpture championships. He was conferred the Padma Shri in 2014 for his outstanding contribution to arts. Recently in 2024, he also won the Golden Sand Master Award and a gold medal at the championship in St. Petersburg, Russia.

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Skyroot Aerospace Successfully Conducts Test of Kalam-100 Engine for Upcoming Vikram-1 Rocket.

In April 2025, Hyderabad-based Skyroot Aerospace Private Limited, a leading Indian spacetech startup, successfully conducted the static fire test of its Kalam-100 engine. The test was carried out at Solar Group’s testbed in Nagpur, Maharashtra, marking a major milestone in the development of Vikram-1, India’s first privately developed orbital rocket.


      - The Kalam-100 engine, part of Vikram-1's third stage, is named in honour of Dr. A.P.J. Abdul Kalam, former President and prominent aerospace scientist. The successful static fire test propels Skyroot closer to the maiden flight of Vikram-1, signifying a historic leap for India’s private space sector.


      - During the test, the Kalam-100 engine fired continuously for over 102 seconds, delivering a peak vacuum thrust of 100 kilonewtons (kN). It features an operating area ratio of 60 in flight, showcasing strong performance and reliability under orbital conditions.

      - The engine also integrates an advanced flex nozzle, providing precision in thrust vector control. This feature enables accurate maneuvering in space, enhancing the rocket’s capability for deploying payloads to desired orbits.

Main Point :-   (i) Kalam-100 is a solid-fuel engine with a carbon composite structure and EPDM-based thermal protection system, combining high strength with lightweight efficiency. It includes a head-mounted safe arm (HMSA) for enhanced safety, co-developed with ISRO’s Vikram Sarabhai Space Centre (VSSC).

      (ii) Previously, in March 2024, Skyroot had successfully tested the Kalam-250 engine (stage-2 of Vikram-1) at the Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh. These progressive tests reflect Skyroot's consistent momentum in private launch vehicle development.

(iii) The Vikram-1 launch vehicle is designed to carry up to 480 kg of payload to a 500 km Low Earth Orbit (LEO). It includes four stages—three solid-fuel motors (Kalam-1200, Kalam-250, Kalam-100) and a final liquid-fueled Raman engine. Its first launch is expected by the end of 2025.

About Skyroot Aerospace Private Limited
CEO : Pawan Kumar Chandana
Headquarters : Telangana
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SDAL Develops Third-Stage Propulsion System for Vikram-1 Rocket, Boosting India’s Private Space Ambitions.

On April 5, 2025, Nagpur (Maharashtra)-based Solar Defence and Aerospace Limited (SDAL), a subsidiary of Solar Industries India Limited (SIIL), successfully developed the propulsion system—including the igniter and third-stage rocket motor—for the Vikram-1 Satellite Launch Vehicle.


      - The third-stage rocket motor plays a vital role in propelling Vikram-1 beyond Earth's atmosphere into space, marking a crucial milestone in India's private space sector.


      - To ensure maximum reliability and safety for space deployment, the rocket motor underwent extensive Non-Destructive Testing (NDT), including X-ray imaging, ultrasonic inspection, and magnetic particle testing, at SDAL’s state-of-the-art facility in Nagpur.

      - The third-stage rocket motor developed by SDAL has a propellant mass of 2,400 kg and delivers a maximum thrust of 75,000 Newtons (around 7.65 tons). It supports payloads of up to 290 kg into a 500 km Sun-Synchronous Polar Orbit (SSPO) or 480 kg into a 500 km Low Earth Orbit (LEO). For high-precision space maneuvering, it is equipped with a high-performance igniter and a flex nozzle-based Thrust Vector Control (TVC) mechanism, enhancing control in a vacuum environment.

Main Point :-   (i) The Vikram-1 is India’s first privately built orbital rocket, currently under development by Skyroot Aerospace Private Limited, based in Hyderabad (Telangana).

      (ii) The project receives strategic support from ISRO (Bengaluru, Karnataka) and IN-SPACE (Ahmedabad, Gujarat), both functioning under the Department of Space, Government of India (GoI).

(iii) The Vikram-1 rocket features a four-stage configuration comprising the Kalam-1200 solid motor in the first stage, followed by the Kalam-250 solid motor in the second stage, a third-stage solid rocket motor developed by Solar Defence and Aerospace Limited (SDAL), and concludes with a liquid-fueled Raman engine in the fourth stage, which is responsible for precise final orbital adjustments.

About Solar Industries India Limited (SIIL)
MD & CEO : Manish Satyanarayan Nuwal
Headquarters Nagpur, Maharashtra
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India Observes Prevention of Blindness Week 2025 from April 1 to 7 to Promote Eye Health Awareness.

The Government of India (GoI) annually observes Prevention of Blindness Week from 1st to 7th April (the first week of April) to raise awareness about eye health, encourage regular eye check-ups, and promote preventive measures to reduce blindness in the population.


      - In 2025, the week was observed from April 1 to April 7 across India.


      - The observance is led by the National Society for the Prevention of Blindness (NSPB) under the Ministry of Health and Family Welfare (MoHFW), Government of India (GoI).

     

Main Point :-   (i) Globally, around 2.2 billion people are affected by near or distance vision impairment, highlighting the widespread nature of vision-related issues. Of these, a significant portion can be prevented or treated with timely intervention and access to proper eye care.

      (ii) An estimated 1.1 billion people currently live with vision loss, with 90% of these cases considered preventable or treatable. This underscores the urgent need for enhanced awareness, affordable treatment options, and improved healthcare access worldwide.

(iii) There are about 43 million blind individuals across the globe, and approximately 77% of blindness cases are due to conditions that can be managed or prevented. If global efforts are not strengthened, this number could surge to 60 million by 2050, making it a growing public health concern.

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International Romani Day 2025 Observed on April 8 to Celebrate Romani Culture and Raise Awareness Against Discrimination.

The International Romani Day is observed annually across the globe on April 8 to celebrate Romani culture and raise awareness about the social, political, and economic challenges faced by the Roma community, which is considered Europe’s largest ethnic minority.


      - International Romani Day commemorates the 1st World Romani Congress held on April 8, 1971, in Orpington, Kent, London, United Kingdom (UK).


     

     

Main Point :-   (i) It was organized by the UK-based Gypsy Council and the Rome (Italy)-based Comité International Rom (CIR), marking the first global attempt at Romani cooperation.

      (ii) The official recognition of International Romani Day occurred on April 8 during the 4th World Romani Congress held in 1990 in Serock, Poland.

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MOSPI Unveils 26th Edition of ‘Women & Men in India 2024’ Featuring Key Selected Indicators and Data.

In April 2025, the Ministry of Statistics and Programme Implementation (MOSPI) released the 26th edition of its publication titled ‘Women and Men in India 2024: Selected Indicators and Data’.


      - The publication provides comprehensive insights into India’s gender scenario, presenting selected indicators and data across critical sectors such as population, education, health, economic participation, and decision-making. All data has been compiled from various ministries, departments, and organizations.


      - The Gender Parity Index (GPI) at the primary level showed a rise from 1.02 (2020–21) to 1.05 (2022–23), followed by a slight dip to 1.03 in 2023–24.

      - Meanwhile, GPI at the secondary level has shown a steady increase from 0.99 (2020–21) to 1.02 (2023–24).

Main Point :-   (i) According to the publication, the Labour Force Participation Rate (LFPR) in usual status for individuals aged 15 years and above has risen significantly from 49.8% (2017–18) to 60.1% (2023–24).

      (ii) The data also highlighted that women constitute 39.2% of all bank accounts and contribute to 39.7% of total bank deposits.

About Ministry of Statistics and Programme Implementation (MOSPI)
Minister : Rao Inderjit Singh
Headquarters : New Delhi
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MoRD Organizes Webinar and Unveils New Initiatives to Boost Rural Women Empowerment.

In April 2025, the Ministry of Rural Development (MoRD) organized a webinar involving Lakhpati Didis and representatives from various State Rural Livelihood Missions (SRLMs) as part of its post-budget consultation series.


      - The session emphasized collaborative strategies for the effective implementation of the 2025–26 Union Budget announcements.


      - MoRD launched the Entrepreneurship Planning Digital Tool (EPDT), developed on an operating system called LoKOS, to support and empower aspiring Lakhpati Didis.

      - A toll-free helpline (0120-5202521) was introduced to provide guidance and assistance to women aiming to become Lakhpati Didis.

Main Point :-   (i) Under the Connectivity component of the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN), MoRD sanctioned infrastructure projects for Tripura and Odisha, focusing on the welfare of Particularly Vulnerable Tribal Groups (PVTGs).

      (ii) The MoRD also approved new infrastructure projects under Pradhan Mantri Gram Sadak Yojana (PMGSY)-III to enhance rural connectivity and economic development in the states of Manipur, Mizoram, Himachal Pradesh (HP), and Uttarakhand.

About MoRD
Cabinet Minister : Shivraj Singh Chouhan
Headquarters : New Delhi
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MeitY Unveils First-Ever Digital Threat Report 2024 to Strengthen Cybersecurity in the BFSI Sector.

In April 2025, the Ministry of Electronics and Information Technology (MeitY) launched the 1st edition of the Digital Threat Report 2024 focused on the Banking, Financial Services, and Insurance (BFSI) sector. The report offers a comprehensive overview of both current and emerging cyber threats along with defense strategies tailored for the BFSI domain.


      - The report aims to present adversaries’ tactics and playbooks, recommend preventive and detective controls, forecast future attacks, highlight current cybersecurity trends, showcase select case studies, and analyze the impact of Artificial Intelligence (AI) in cyber breaches.


      - The Digital Threat Report 2024 was officially launched by M. Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance (MoF); S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY); Dr. Sanjay Bahl, Director General of CERT-In, New Delhi; and Dharshan Shanthamurthy, Founder & CEO of SISA Information Security.

      - The 1st edition of the Digital Threat Report 2024 was developed by CERT-In in collaboration with CSIRT-Fin and SISA, a global forensic-driven cybersecurity company specializing in digital payments. The report is aimed at strengthening the cyber defense strategies of the Banking, Financial Services, and Insurance (BFSI) sector by reducing financial risks and building a collective response framework to counter advanced cyber threats.

Main Point :-   (i) The report draws from a rich mix of sources, including SISA’s digital forensics and incident response (DFIR) investigations, cybersecurity intelligence reports, and key insights from CSIRT-Fin and CERT-In. This blend offers a comprehensive threat landscape view, focusing on key attack vectors, systemic vulnerabilities, and tactics used by rising threat actors targeting BFSI entities.

      (ii) A strong emphasis is placed on adopting an integrated cybersecurity approach, which unifies technology, regulatory compliance, and proactive threat intelligence. This strategic alignment is designed to help financial institutions enhance their cyber resilience, anticipate vulnerabilities, and maintain stability in the face of evolving cyber risks.

(iii) With India’s digital payments market projected to reach USD 3.1 trillion by 2028, contributing to 35% of total banking revenues, the BFSI sector has become an increasingly attractive target for cyber-criminals. The report serves as a critical strategic tool, equipping organizations with real-time intelligence and guidance to stay ahead of sophisticated cyber-attacks.

About The Indian Computer Emergency Response Team (CERT-In)
Director General (DG): Dr. Sanjay Bahl
Headquarters : New Delhi
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MoD Inks ₹2,385.36 Crore Deal with BEL to Equip Mi-17 V5 Helicopters with Advanced EW Suites.

In April 2025, the Ministry of Defence (MoD) signed a ₹2,385.36 crore contract with Bharat Electronics Limited (BEL), a Bengaluru-based Navratna PSU under the MoD, for the supply and installation of indigenous Electronic Warfare (EW) Suites and aircraft modification kits for the Mi-17 V5 helicopters of the Indian Air Force (IAF).


      - The contract, signed in New Delhi in the presence of Defence Secretary Rajesh Kumar Singh, falls under the Buy (Indian–IDDM) category of the Defence Acquisition Procedure (DAP), promoting indigenous defence manufacturing.


      - The Electronic Warfare (EW) Suite includes a Radar Warning Receiver (RWR) to detect and identify enemy radar signals, a Missile Approach Warning System (MAWS) to alert pilots of incoming missile threats, and a Counter Measure Dispensing System (CMDS) that automatically deploys defensive countermeasures like chaff to mislead radar-guided missiles and flares to divert heat-seeking missiles, significantly enhancing the aircraft's protection and survivability in combat zones.

      - The advanced EW Suite has been indigenously designed and developed by DRDO’s Combat Aircraft System Development and Integration Centre (CASDIC), Bengaluru, and will be manufactured by BEL, enhancing India’s self-reliance in defence technologies.The advanced EW Suite has been indigenously designed and developed by DRDO’s Combat Aircraft System Development and Integration Centre (CASDIC), Bengaluru, and will be manufactured by BEL, enhancing India’s self-reliance in defence technologies.

Main Point :-   (i) This integrated system will significantly improve the combat survivability of Mi-17 V5 helicopters by enabling them to operate in hostile environments with better protection against threats.

      (ii) The project will also foster increased participation from Indian electronics and associated industries, especially encouraging contributions from Micro, Small and Medium Enterprises (MSMEs).

(iii) The Mi-17 V5 is a Russian-origin, multi-role military transport helicopter inducted into the IAF in 2012. It can carry personnel and cargo, has a maximum speed of 250 km/h, and a payload capacity of up to 4,000 kg, making it a crucial component of IAF’s medium-lift fleet.

About Bharat Electronics Limited (BEL)
Chairman & Managing Director (CMD) : Manoj Jain
Headquarters : Bengaluru, Karnataka
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Gujarat's Famous ‘Amalsad Chikoo’ Recently Awarded GI Tag for Its Unique Agricultural Identity.

In April 2025, "Amalsad Chikoo" (sapodilla), a horticultural fruit from South Gujarat, was recently awarded the Geographical Indication (GI) tag, becoming the first agricultural product from the region to achieve this recognition.


      - The GI tag was granted by the Chennai (Tamil Nadu)-based GI Registry, under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoC&I).


      - The GI tag was awarded to the Valsad Navsari Jilla Fal Ane Shakhbhaji Sahakari Sangh Limited (Gujarat) following a joint application submitted by the Gujarat Council on Science and Technology (GUJCOST), Gandhinagar and Navsari Agricultural University (NAU), Navsari.

      - It is the 3rd fruit from Gujarat to receive the GI tag, after the Gir Kesar Mango and Kutchhi Kharek (date).

Main Point :-   (i) Amalsad Chikoo, named after Amalsad village in Navsari district, is known for its remarkable sweetness, smooth texture, and extended shelf life. It is cultivated using traditional horticultural practices passed down for generations.

      (ii) The GI-tagged region includes 51 villages in Gandevi Taluka, 6 in Jalalpore Taluka, and 30 in Navsari Taluka, collectively producing 30% of Gujarat’s chikoo, while Gujarat itself contributes 98% of India’s chikoo exports.

(iii) Amalsad Chikoo’s premium quality and extended shelf life make it ideal for both domestic and global markets. The recently granted GI tag is expected to boost exports to the UAE, UK, and Bahrain, while also promoting traditional farming practices and supporting local farmers’ livelihoods in Gujarat.

About Gujarat
Chief Minister : Bhupendra Patel
Governor : Acharya Dev Vrat
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PM Narendra Modi's April 2025 Visits to Thailand and Sri Lanka Strengthen Strategic Ties and Secure Key MoUs.

In April 2025, Prime Minister (PM) of India, Narendra Modi, undertook official visits to Thailand and Sri Lanka to strengthen bilateral relations and explore cooperation across multiple sectors.


      - PM Narendra Modi visited Thailand on a two-day official visit at the invitation of the Thai PM, Paetongtarn Shinawatra.


      - He held comprehensive bilateral talks with PM Shinawatra, covering a wide range of cooperation areas such as defence and security, trade and investment, science & technology (S&T), innovation, space, education, health, culture, and tourism.

      - Key Memorandums of Understanding (MoUs) were signed during the visit to boost collaboration in strategic sectors.

Main Point :-   (i) PM Narendra Modi visited Sri Lanka from April 5–6, 2025, on the official invitation of Sri Lankan President Anura Kumara Dissanayake. This marked his fourth official visit to Sri Lanka, following earlier visits in 2015, 2017, and 2019.

      (ii) During a special ceremony held in Colombo, PM Modi was conferred with Sri Lanka’s highest civilian award, the ‘Mithra Vibhushana’, in recognition of his contribution to strengthening India-Sri Lanka relations.

(iii) The visit included high-level talks with President Dissanayake and the signing of several MoUs in strategic sectors such as defence, energy, digital infrastructure, healthcare, and trade, aimed at deepening bilateral cooperation.

About Sri Lanka
President: Anura Kumara Dissanayake
Prime Minister: Harini Nireka Amarasuriya
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India Elected by Acclamation to UN's ISAR for 2025–2027 Term.

In April 2025, India was elected by acclamation to the United Nations Intergovernmental Working Group (IWG) of Experts on International Standards of Accounting and Reporting (ISAR) for a three-year term from 2025 to 2027. This reflects India’s growing leadership in global financial governance and international standard-setting platforms.


      - As a member of ISAR, India will contribute significantly to shaping global standards in financial reporting. Its participation strengthens efforts to enhance transparency, accountability, and uniformity in both financial and non-financial reporting practices across nations, further reinforcing India’s position in international policy-making related to corporate disclosure and sustainability.


      - ISAR was formed in 1983 by the United Nations Economic and Social Council (ECOSOC). It is coordinated by the United Nations Conference on Trade and Development (UNCTAD), based in Geneva, Switzerland. ISAR conducts annual sessions in Geneva to address emerging global issues in enterprise accounting and corporate reporting frameworks.

      - The main mandate of ISAR is to help member states improve the quality and international comparability of financial reporting. It also covers non-financial disclosures, focusing on critical areas like environmental sustainability, corporate governance, and corporate social responsibility (CSR), ensuring that companies provide holistic and transparent reports to stakeholders.

Main Point :-   (i) ISAR consists of 34 formal member countries, each serving a three-year term. The representation is regionally balanced with 9 members from Africa, 7 from Asia, 6 from Latin America, 3 from Eastern Europe, and 9 from Western Europe and other states. This structure ensures diverse and inclusive perspectives on global accounting standards.

      (ii) ISAR organizes elections twice every three years, usually around April or May. Member countries are selected without financial obligations, making participation accessible and focused purely on knowledge-sharing and global cooperation. India’s acclamation reflects its widespread support and respect within the international financial reporting community.

(iii) Current ISAR members include a wide range of countries such as the United States, United Kingdom, China, Russia, Brazil, Germany, Saudi Arabia, Nigeria, Mexico, Philippines, Zambia, and Zimbabwe. This diverse membership enables ISAR to address varied regional issues and contribute to the global harmonization of corporate reporting standards.

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Bank of Baroda Unveils 'BoB Square Drive Deposit Scheme' Offering 7.15% Interest for 444 Days.

In April 2025, Vadodara (Gujarat)-based Indian Public Sector Bank (PSB), Bank of Baroda (BoB) launched a new Fixed Deposit (FD) scheme titled 'BoB Square Drive Deposit Scheme', a term deposit with a tenor of 444 days.


      - As per BoB, the revised FD interest rates, along with the launch of this new scheme, came into effect on April 07, 2025.


      - The bank also discontinued its earlier 'BoB Utsav Deposit Scheme', which was introduced in October 2024 and had offered a maximum interest rate of 7.90% for super senior citizens. The revision aims to align BoB’s FD offerings with recent market trends.

     

Main Point :-   (i) The newly launched 'BoB Square Drive Deposit Scheme' is available only under retail term deposit options and applies to deposits below ₹3 crore, offering an interest rate of 7.15% per annum for general citizens.

      (ii) For senior citizens and super senior citizens (aged 80 years and above), the scheme offers interest rates of 7.65% and 7.75% per annum, respectively.

(iii) These depositors will receive an additional 5 basis points (bps) on non-callable deposits (above ₹1 crore and below ₹3 crore).

About Bank of Baroda (BoB)
MD & CEO : Debadatta Chand
Headquarters: Vadodara, Gujarat
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Kotak Mahindra Bank Partners with KSUM to Strengthen Kerala’s Startup Ecosystem.

In April 2025, Mumbai (Maharashtra)-based Kotak Mahindra Bank Limited (KMBL) signed a Memorandum of Understanding (MoU) with the Kerala Startup Mission (KSUM)—the nodal agency under the Government of Kerala—to boost and strengthen the startup ecosystem in Kerala.


      - This strategic partnership focuses on emerging sectors such as agriculture, medical technology (MedTech), electronics, and space technology, aiming to empower startups through holistic support in innovation and entrepreneurship.


     

     

Main Point :-   (i) Under the MoU, KMBL, as a Scheduled Commercial Bank (SCB), will extend tailored banking solutions, including support for export documentation, fundraising workshops, and masterclasses on financial management for startups.

      (ii) The bank will also utilize its international branch network to help Kerala-based startups connect with Non-Resident Indians (NRIs) and explore global business opportunities.

(iii) On its part, KSUM will provide a robust framework comprising incubation support, mentorship programs, funding assistance, and access to startup infrastructure. It will further aid startups by facilitating connections with investors, industry experts, and government schemes to accelerate their growth journey.

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RBI Grants Certificate of Registration to Piramal Finance to Function as NBFC-ICC.

In April 2025, the Reserve Bank of India (RBI) granted a Certificate of Registration (CoR) to Piramal Finance Limited (PFL)—a wholly-owned subsidiary of Piramal Enterprises Limited (PEL) based in Mumbai, Maharashtra—to operate as a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC) without accepting public deposits.


      - The Certificate of Registration (CoR) was issued under Section 45 IA of the RBI Act, 1934.


      - With this approval, PFL will transition from its current status as a Housing Finance Company (HFC) and surrender its HFC registration to focus on broader NBFC-ICC operations.

      - In March 2025, Piramal Enterprises Limited (PEL) infused ₹600 crore into PFL through a rights issue to support its business operations and corporate expansion.

Main Point :-   (i) PEL has also approved the issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis.

      (ii) The issue includes a base size of ₹100 crore, with a green shoe option of ₹200 crore, aggregating to ₹300 crore.

(iii) These NCDs carry an annual coupon rate of 9.30%, and are redeemable by April 9, 2029. In case of payment defaults, a 1% penalty interest will be applicable. The minimum Net Owned Fund (NOF) required to operate as an NBFC-ICC is ₹5 crore.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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President of Chile Gabriel Boric Font Pays First Official Visit to India to Mark 76 Years of Diplomatic Ties and Sign Key MoUs.

The President of the Republic of Chile, Gabriel Boric Font, paid an official five-day visit to India from 1st to 5th April 2025, at the invitation of the Prime Minister (PM) of India, Narendra Modi, to further strengthen the 76 years of diplomatic relations between India and Chile.


      - This was his first visit to India, and he was accompanied by a high-powered delegation comprising cabinet ministers, parliamentarians, senior officials, and a large business delegation.


      - During his visit, the President of Chile held bilateral discussions with PM Narendra Modi and the President of India, Droupadi Murmu, in New Delhi, Delhi.

      - He also held bilateral talks with the Minister of External Affairs (EAM), Dr. S. Jaishankar.

Main Point :-   (i) PM Narendra Modi and President Gabriel Boric Font witnessed the signing of key Memorandums of Understanding (MoUs), including on Antarctica cooperation, space, disability, and mineral resources.

      (ii) India and Chile held a Mining Industry Round Table to strengthen cooperation in the mining sector, with a focus on key minerals like copper, lithium, and other critical resources.

(iii) Chile was the sole nation from the Latin America and Caribbean (LAC) region to send a Special Envoy to India’s Independence Day celebrations in 1947.

About the Republic of Chile
President : Gabriel Boric Font
Capital : Santiago
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President Droupadi Murmu Gives Assent to Immigration and Foreigners Bill 2025, Making it a Law.

In April 2025, the President of India, Droupadi Murmu, gave her assent to the ‘Immigration and Foreigners Bill, 2025’, officially making it a law following its notification in the Gazette of India. The new law focuses on addressing matters related to foreign nationals and immigration control.


      - The primary objective of the Act is to strengthen national security, streamline immigration processes, and enforce strict penalties on foreign nationals violating entry or stay regulations in India.


      - The new Act repeals four earlier laws that originated during the British colonial era, namely The Foreigners Act, 1946, The Passport (Entry into India) Act, 1920, The Registration of Foreigners Act, 1939, and The Immigration (Carriers’ Liability) Act, 2000.

     

Main Point :-   (i) The Act explicitly states that any foreigner posing a threat to India’s national security, sovereignty, or integrity shall either be denied entry or refused permission to stay within the country.

      (ii) On arrival, foreign nationals must register with a Registration Officer. The law also includes provisions that may restrict their movement, change of name, and entry into protected or restricted areas.

(iii) Foreigners entering without a valid passport or travel documents may face penalties including up to 5 years imprisonment, a fine up to ₹5 lakh, or both, as per the provisions of the Act.

About Ministry of Home Affairs (MHA)
Minister : Amit Shah
Headquarters : New Delhi
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PM Narendra Modi Launches ₹8,300 Crore Worth of Development Projects in Tamil Nadu.

In April 2025, the Prime Minister (PM) of India, Narendra Modi, laid the foundation stone and inaugurated several rail and road development projects worth over ₹8,300 crore in Rameswaram, located in Ramanathapuram district, Tamil Nadu (TN).


      - These projects underline the Government of India’s (GoI) continued focus on infrastructure modernization and economic growth in Tamil Nadu.


      - PM Narendra Modi inaugurated the New Pamban Rail Bridge, India’s first vertical lift sea bridge, which connects Rameswaram Island to Mandapam on the mainland.

      - This new structure replaces the old British-era bridge and serves as a major milestone in coastal connectivity.

Main Point :-   (i) PM Modi flagged off a new train service between Rameswaram and Tambaram (Chennai), strengthening regional rail connectivity and boosting local mobility.

      (ii) The Prime Minister also laid the foundation stone and dedicated completed infrastructure projects under the National Highways Authority of India (NHAI) in Tamil Nadu, with a total investment exceeding ₹8,300 crore.

About Tamil Nadu (TN)
Chief Minister (CM): Muthuvel Karunanidhi Stalin
Governor: R. N. Ravi
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NSO Launches New Digital Initiatives to Boost India’s Statistical Infrastructure.

In April 2025, the National Statistical Office (NSO), functioning under the Ministry of Statistics and Programme Implementation (MoSPI), introduced a set of transformative digital initiatives aimed at modernizing India's statistical infrastructure.


      - The newly launched tools include the revamped Microdata Portal, the official website of the National Statistical System Training Academy (NSSTA), and an AI/ML-Based Classification Tool.


      - These initiatives were unveiled during the 'Conference of State Government Ministers on Strengthening of Statistical Systems' held at Vigyan Bhawan, New Delhi. The primary aim is to boost data accessibility, accuracy, and ensure stronger policy relevance.

      - These efforts are aligned with the Government of India’s vision of building a Viksit Bharat (Developed India) through robust and data-driven governance.

Main Point :-   (i) The revamped Microdata Portal is a centralized digital repository offering enhanced access to datasets from national surveys and economic censuses. Developed in collaboration with the World Bank Technology Team (Washington D.C., USA), it overcomes earlier tech limitations and boosts data dissemination. Built on a modern, scalable, and secure tech stack, it features a responsive design and improved data access mechanisms.

      (ii) The National Statistical System Training Academy (NSSTA) website is a centralized platform developed in-house by the Data Informatics & Innovation Division (DIID) of MoSPI. It serves as a hub for capacity-building initiatives, making training and development resources easily accessible to stakeholders in the statistical ecosystem.

(iii) The AI/ML-Based Classification Tool is a Proof of Concept developed by MoSPI to automate the classification of economic activities using the National Industrial Classification (NIC) system. Leveraging Natural Language Processing (NLP), the tool simplifies the categorization process, reduces manual effort, and enhances data collection accuracy—ultimately supporting more efficient policymaking.

About National Statistical Systems Training Academy (NSSTA)
Additional Director General (ADG) : Kishor Baburao Surwade
Headquarters - Greater Noida, Uttar Pradesh, UP
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Indian Army’s White Tiger Division Conducts Air Defence Exercise with OSA-AK-9K33 Missiles in Odisha.

In March 2025, the Indian Army’s (IA’s) White Tiger Division, under the Southern Command, successfully conducted a live air defence missile firing drill using the OSA-AK (9K33) missile system at the Gopalpur Seawards Firing Ranges, Odisha.


      - The exercise demonstrated the operational readiness of the Army Air Defence (AAD) and achieved 100% accuracy against Maneuverable Expendable Aerial Targets (MEAT).


      - The drill was organized by the Sudarshan Chakra Corps, based in Pune, Maharashtra, to enhance combat preparedness and test capabilities in modern warfare scenarios.

     

Main Point :-   (i) The OSA-AK (9K33) missile system, also known by its NATO designation SA-8 Gecko, is a low-altitude, short-range surface-to-air missile (SAM) system developed by the Soviet Union and inducted in 1972. It features a length of 9.14 meters, width of 2.75 meters, weight of 17.5 tonnes, and can engage targets up to a maximum range of 12 kilometers, making it highly effective for short-range aerial defense.

      (ii) Accommodates 5 crew members, equipped with NBC (Nuclear, Biological, and Chemical) protection, and uses TELAR (Transporter-Erector-Launcher and Radar) configuration for independent threat detection and engagement.

(iii) It is fully amphibious, air-transportable, and operational across varied terrains, with a road range of 500 km.

About Indian Army (IA)
Chief of the Army Staff (COAS): General Upendra Dwivedi
Headquarters : New Delhi
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Indian Army Successfully Showcases Manned-Unmanned Teaming (MUM-T) Capability During Exercise SARVSHAKTI.

On April 5, 2025, the Indian Army (IA) successfully demonstrated its Manned-Unmanned Teaming (MUM-T) capability during Exercise SARVSHAKTI, conducted by the Trishakti Corps in India’s Eastern Theatre.


      - The exercise marked a significant step in integrating cutting-edge technologies, including drones, autonomous systems, and AI-enabled platforms, into tactical-level military operations. Its primary objective is to boost interoperability, faster decision-making, and battlefield awareness for Multi-Domain Operations (MDO).


      - It involves the seamless coordination between manned platforms (e.g., helicopters, ground vehicles) and unmanned systems (e.g., drones, autonomous platforms) for real-time surveillance, reconnaissance, and target acquisition.

      - This capability enhances operational effectiveness by enabling quicker response cycles and improved situational awareness.

Main Point :-   (i) MUM-T significantly contributes to future-ready force structuring by delivering faster decision loops, accurate threat responses, and increased battlefield agility.

      (ii) In March 2025, the IA’s Fleur-De-Lis Brigade, in partnership with the Terminal Ballistics Research Laboratory (TBRL) in Chandigarh, Punjab, successfully tested a First Person View (FPV) drone equipped with a kamikaze-style anti-tank munition in Pathankot, Punjab.

(iii) The drone is intended for precision attacks on armoured targets.

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Hungary Recently Announces Decision to Withdraw from International Criminal Court (ICC).

In April 2025, the Government of Hungary announced its decision to withdraw from the International Criminal Court (ICC), headquartered in The Hague, Netherlands. The move came shortly after the visit of Israeli Prime Minister Benjamin Netanyahu to Hungary, drawing international attention. As per Article 127 of the Rome Statute, which governs the ICC, Hungary’s withdrawal will become official one year after it formally notifies the United Nations (UN).


      - Hungary, a signatory of the Rome Statute since 1999, is now set to become the first European Union (EU) country to exit the ICC.


      - The formal exit process requires Hungary to send a written notice of withdrawal to António Guterres, the Secretary-General of the United Nations. Once this letter is received, the one-year countdown toward official withdrawal begins.

      - As of March 2025, only two countries—Burundi and the Philippines—have officially withdrawn from the ICC. Hungary’s move adds a new chapter in ICC history, raising concerns about international accountability and the future participation of EU nations in global justice mechanisms.

Main Point :-   (i) In November 2024, the ICC issued an arrest warrant against Israeli Prime Minister Benjamin Netanyahu for alleged war crimes in Gaza. These charges relate to Israel’s military retaliation following the October 7, 2023, Hamas attack on southern Israel, which killed about 1,200 people and saw over 250 hostages taken.

      (ii) As an ICC member, Hungary is required to act on ICC warrants, including arresting accused individuals. However, due to its strong political and diplomatic support for Israel, Prime Minister Viktor Orbán declared Hungary would not arrest Netanyahu, creating a direct conflict with ICC obligations.

(iii) To avoid violating ICC rules while maintaining its alliance with Israel, Hungary announced its decision to withdraw from the ICC in April 2025. Once the formal withdrawal notice is submitted, Hungary will become the first European Union (EU) country to leave the ICC.

About International Criminal Court (ICC)
President : Tomoko Akane
Headquarters : The Hague, Netherlands
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SEBI Recently Launches PaRRVA Framework to Curb Misleading Performance Claims in Financial Advertisements.

In April 2025, the Securities and Exchange Board of India (SEBI), headquartered in Mumbai, Maharashtra, released an operational framework for a performance validation agency named Past Risk and Return Verification Agency (PaRRVA). The framework is designed to curb misleading claims regarding past financial product performance in advertisements issued by Research Analysts (RAs), Investment Advisors (IAs), and Stock Brokers.


      - According to SEBI’s circular, a Credit Rating Agency (CRA) can be recognised as a PaRRVA under Regulation 12A of the SEBI (Credit Rating Agencies) Regulations, 1999, read with Regulation 16E of the Intermediaries Regulations.


      - Additionally, such CRA, in collaboration with a recognised Stock Exchange (SE), will function as a PaRRVA Data Centre (PDC).

     

Main Point :-   (i) To function as a Past Risk and Return Verification Agency (PaRRVA), a Credit Rating Agency (CRA) must meet specific criteria. These include a minimum of 15 years of operational experience, a net worth of at least ₹100 crore, and a robust investor grievance redressal mechanism with an Online Dispute Resolution (ODR) system. Additionally, the CRA must have provided ratings to at least 250 issuers of debt securities.

      (ii) For a recognised Stock Exchange (SE) to serve as a PaRRVA Data Centre (PDC), it must also have a minimum of 15 years of experience, a net worth of ₹200 crore, and a nationwide presence through terminals.

(iii) The SE must further ensure an effective investor grievance redressal system, including an ODR mechanism, to qualify under SEBI’s operational framework.

About SEBI
Chairperson: Tuhin Kanta Pandey
Headquarter : Mumbai
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SBI Report Projects India’s Inflation to Remain Below 4% in H1 FY26.

On April 6, 2025, a report released by the State Bank of India (SBI), headquartered in Mumbai, Maharashtra, projected that India's retail inflation may remain between 3.9% and 4.0% during the first half (April to September) of Financial Year 2025-26 (H1 FY26). If realized, this would mark the first time in recent years that inflation remains below 4% for two consecutive quarters.


      - Consumer Price Index (CPI) inflation is expected to fall to 3.8% in Q4 of FY25, with the average inflation for FY25 projected at around 4.6%.


      - Core inflation (excluding food and fuel) is forecasted to range between 4.2% and 4.3% in FY26.

      - The report also anticipates that India’s current account balance could record a surplus in Q4 FY25, driven by rising net service receipts despite a widening merchandise trade deficit.

Main Point :-   (i) In Q3 FY25, India's Current Account Deficit (CAD) stood at USD 11.5 billion, or 1.1% of GDP, rising from USD 10.4 billion in Q3 FY24.

      (ii) The merchandise trade deficit increased to USD 79.2 billion, up from USD 71.6 billion in the same quarter of the previous fiscal year.

About SBI
Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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New Land Snail Species ‘Theobaldius konkanensis’ Discovered in Maharashtra’s Konkan Region.

In March 2025, a collaborative team of researchers from India and the United Kingdom (UK) recently discovered a new species of land snail named 'Theobaldius konkanensis' in the Konkan region of Maharashtra.


      - The discovery was published in the international journal Molluscan Research (MR), based in New Zealand, highlighting the rich and relatively unexplored biodiversity of the Western Ghats.


      - The discovery stems from a 2021 survey conducted across select locations in Ratnagiri and Raigad districts of Maharashtra.

      - The new species was observed at Dev Gireshwar Temple (Ansure, Ratnagiri), Uttamrao Patil Biodiversity Park (Chikhali, Chiplun-Guhagar Road, Ratnagiri), Kesharnath Vishnu Temple (Shedwai, Ratnagiri), and Phansad Sanctuary (Raigad).

Main Point :-   (i) Theobaldius konkanensis is endemic to the northern Western Ghats, a recognized biodiversity hotspot. It was recorded in evergreen and semi-evergreen forests at altitudes ranging from 80 to 240 meters above sea level.

      (ii) The newly discovered land snail, Theobaldius konkanensis, features a thick, conoidally depressed shell with brown striations and a corneous yellow tint, giving it a distinctive appearance suited to its natural habitat. Its small size, though not precisely measured, sets it apart morphologically from related species.

(iii) The snail’s body is stout and rounded, an adaptation well-suited for survival in the humid, forested ecosystems of the Western Ghats. These features support its ability to thrive in evergreen and semi-evergreen forest environments.

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Himachal Pradesh CM Sukhvinder Singh Sukhu Launches Poetry Anthology ‘Buransh: The Fragrance of Words’ by Anupama Sharma.

In April 2025, Himachal Pradesh (HP) Chief Minister (CM) Sukhvinder Singh Sukhu officially launched the poetry book 'Buransh: The Fragrance of Words', authored by Anupama Sharma, an educator and poetess.


      - The collection was published by Satluj Prakashan, based in Panchkula, Punjab.


     

     

Main Point :-   (i) This 56-page anthology features 39 poems that explore deep human emotions such as the pain of broken relationships, introspective solitude, and the resilience of hope inspired by the calmness of nature.

      (ii) Anupama Sharma, a lecturer by profession, is also a passionate poetess who enjoys bike riding, trekking, and sports. Her poetic works reflect both personal introspection and a strong message advocating mental well-being.

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International Day of Reflection on the 1994 Genocide Against the Tutsi in Rwanda Observed on 7 April 2025.

The International Day of Reflection on the 1994 Genocide Against the Tutsi in Rwanda is observed globally on April 7 each year to honor the memory of over 1 million victims who lost their lives during the 100-day mass killings in Rwanda.


      - The day also acknowledges the suffering of moderate Hutus and others who stood against the genocide.


      - April 7, 2025, marked the 31st anniversary of this tragic event, focusing on remembrance, education, and global efforts to prevent future atrocities and promote unity, tolerance, and peace.

     

Main Point :-   (i) The United Nations General Assembly (UNGA) adopted Resolution A/RES/58/234 on 23rd December 2003, officially designating April 7 as the International Day of Reflection on the Genocide in Rwanda.

      (ii) The first observance took place on April 7, 2004, commemorating the 10th anniversary of the genocide.

About United Nations Office at Nairobi (UNON)
Director-General (DG): Zainab Hawa Bangura
Headquarters: Nairobi, Kenya
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World Health Day Observed Globally on 7 April 2025.

The United Nations (UN's) World Health Day is observed annually on April 7 to raise awareness about a global health issue of critical importance. April 7, 2025, marks the 77th anniversary of the founding of the World Health Organization (WHO) in 1948.


      - The theme for World Health Day 2025 is: "Healthy Beginnings, Hopeful Futures."


      - World Health Day has been observed every year on April 7 since 1950, following a proposal by WHO during the First World Health Assembly (WHA) held in 1948.

      - The date commemorates the establishment of WHO and serves as a platform to highlight urgent health challenges and promote awareness globally.

Main Point :-   (i) On 7 April 2025, the WHO hosted a hybrid global event titled "Healthy Beginnings, Hopeful Futures: Global Action for Women and Newborns" to mark the observance.

      (ii) As part of the celebrations in India, the Morarji Desai National Institute of Yoga (MDNIY) under the Ministry of AYUSH organized Yoga Mahotsav 2025 at Kalinga Stadium, Bhubaneswar, Odisha, aligning with the theme of holistic health.

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Union Minister Rajnath Singh Flags Off INS Sunayna from Karnataka for Mission SAGAR under Indian Ocean Outreach.

The Indian Navy (IN)’s Offshore Patrol Vessel (OPV), Indian Naval Ship (INS) Sunayna, was flagged off as part of the Indian Ocean Ship (IOS) SAGAR (Security and Growth for All in the Region) mission from the Karwar Naval Base, Karnataka.


      - The flag-off took place on the occasion of the 10th anniversary of SAGAR, which was launched in 2015, and also coincided with National Maritime Day on April 5, 2025.


      - Union Minister Rajnath Singh highlighted Prime Minister Narendra Modi’s MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) initiative, stating that it will take SAGAR’s vision forward through wider and stronger regional cooperation.

      - The flagging-off ceremony witnessed the presence of Chief of Defence Staff (CDS) General Anil Chauhan, Chief of the Naval Staff (CNS) Admiral Dinesh K Tripathi, Secretary of the Ministry of Defence (MoD) Rajesh Kumar Singh, along with other senior officials.

Main Point :-   (i) The Indian Naval Ship (INS) Sunayna, as part of the IOS SAGAR mission, is carrying 44 naval personnel from nine friendly countries — Comoros, Kenya, Madagascar, Maldives, Mauritius, Mozambique, Seychelles, Sri Lanka, and Tanzania. During its voyage, the ship will visit Dar-es-Salaam (Tanzania), Nacala (Mozambique), Port Louis (Mauritius), and Port Victoria (Seychelles), where the international crew will undergo training sessions based on skills learned at naval schools in Kochi, Kerala.

      (ii) The training program includes hands-on activities such as firefighting and damage control, Visit Board Search and Seizure (VBSS), bridge and engine room operations, seamanship and boat handling, and switchboard management, aimed at enhancing regional maritime security cooperation and skill-building under the SAGAR framework.

(iii) As part of his visit, Union Minister Rajnath Singh also inaugurated facilities worth ₹2,000 crore under Project Seabird, India’s largest naval infrastructure project, being developed over 11,000 acres at Karwar, Karnataka. The newly unveiled facilities include seven piers, approximately 400 residential units, roads, and bridges, linking different parts of the base. He also participated in Phase 1 of the Naval Commanders’ Conference and reviewed the newly developed infrastructure at the site.

About Indian Navy (IN)
Chief of the Naval Staff (India): Admiral Dinesh K Tripathi PVSM
Headquarters : New Delhi
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Thailand Hosts 6th BIMSTEC Summit in Bangkok with Regional Leaders in Focus.

In April 2025, Thailand, the current chair, hosted the 6th Summit of the Heads of State/Government of the member States of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) in Bangkok under the theme "Prosperous, Resilient, and Open BIMSTEC" (PRO BIMSTEC). The summit was chaired by Thailand Prime Minister (PM) Paetongtarn Shinawatra.


      - The summit was attended by the Heads of State/Government of the member States to address their shared security and developmental challenges through institutional reform, strategic cooperation, and sustainable development.


      - Prime Minister (PM) Narendra Modi represented India at the 6th BIMSTEC Summit.

      - The Summit followed the 25th Session of the BIMSTEC Senior Officials' Meeting (SOM) on 2 April 2025 and the 20th Session of the Ministerial Meeting (MM) of BIMSTEC on 3 April 2025 in Bangkok.

Main Point :-   (i) One of the major outcomes of the summit was the launch of the BIMSTEC Bangkok Vision 2030, the first-ever vision document of BIMSTEC, which charts a strategic roadmap to build a "PRO BIMSTEC" (Prosperous, Resilient, and Open BIMSTEC) by 2030.

      (ii) Prime Minister Narendra Modi proposed a comprehensive 21-point action plan to boost regional cooperation. Key proposals included a pilot study on Digital Public Infrastructure (DPI), linking India’s UPI with BIMSTEC payment systems, hosting the BIMSTEC Athletics Meet in 2025, and organizing the first BIMSTEC Games in 2027, coinciding with BIMSTEC’s 30th anniversary.

(iii) Following the Summit, Bangladesh, a founding member of BIMSTEC, took over the Chairmanship of BIMSTEC for a 2-year term, succeeding Thailand.

About BIMSTEC
Secretary General (SG): Ambassador Indra Mani Pandey (India)
Secretariat : Dhaka, Bangladesh
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International Day of Sport for Development and Peace Observed on 6 April 2025.

The United Nations’ (UN) International Day of Sport for Development and Peace (IDSDP) is observed annually on April 6 across the globe to recognize the power of sport in promoting peace, encouraging social inclusion, and contributing to sustainable economic growth.


      - The 2025 celebration marks the 12th anniversary of the IDSDP observance.


      - The theme for IDSDP 2025 is "Leveling the Playing Field: Sport for Social Inclusion".

     

Main Point :-   (i) The United Nations General Assembly (UNGA) officially proclaimed April 6 as IDSDP through Resolution A/RES/67/296 on August 23, 2013.

      (ii) The first-ever observance of IDSDP took place on April 6, 2014.

(iii) The date commemorates the opening of the first modern Olympic Games, which were held in Athens, Greece, from April 6 to 15, 1896.

About International Olympic Committee (IOC)
Established : 1894
Headquarters : Lausanne, Switzerland
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Union Cabinet Approves VVP-II with ₹6,839 Cr Outlay & ₹18,658 Cr Rail Multi-Tracking Projects Across 3 States.

On April 04, 2025, the Union Cabinet, chaired by Prime Minister (PM) Narendra Modi, has approved the following proposals/schemes:


      - Approved 2nd phase of Vibrant Villages Programme (VVP-II) with a total budget outlay of Rs 6,839 crore, for the comprehensive development of the villages located in the blocks along all International Land Borders (ILBs), other than the Northern border already covered under VVP-I.


      - The newly approved programme reaffirms the Government of India (GoI)'s commitment to the vision of Viksit Bharat@2047 for 'Safe, Secured & Vibrant land borders'.

      - VVP-II will be a Central Sector Scheme (CSS), which means that GoI will provide 100% funding for the programme.

Main Point :-   (i) Approved 4 multi-tracking projects for Indian Railways (IR), aimed at enhancing line capacity and improving both passenger and freight transportation across key routes.

      (ii) The total estimated cost of the projects is Rs 18,658 crore, and the projects are expected to be completed by 2030-31.

(iii) These 4 projects will cover 15 districts across 3 states – Maharashtra, Odisha, and Chhattisgarh, and will increase the existing IR network by 1,247 kilometers (km).

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Stand-Up India Completes 9 Years Empowering SC/ST and Women Entrepreneurs with Over ₹61,000 Crore in Sanctions.

On April 5, 2025, the Stand-Up India Scheme, a transformative initiative of the Government of India (GoI), has completed 9 years of successful implementation.


      - It was launched on April 05, 2016, to promote entrepreneurship at the grassroot level, focusing on economic empowerment and job creation.


      - The scheme is being implemented by the Department of Financial Services (DFS), Ministry of Finance (MoF), and the Lucknow (Uttar Pradesh, UP)-based Small Industries Development Bank of India (SIDBI) is the nodal agency for the scheme.

     

Main Point :-   (i) The scheme is specifically designed to address the challenges faced by Scheduled Caste (SC) / Scheduled Tribe (ST) or women entrepreneurs in establishing enterprises, accessing loans, and obtaining other necessary business support.

      (ii) It offers bank loans ranging from Rs 10 lakh to Rs 100 lakh to a minimum of one SC/ST borrower and one woman borrower per bank branch of Scheduled Commercial Banks (SCBs).

(iii) Over the past 9 years, the scheme has witnessed significant growth, with the total amount sanctioned increasing from Rs 14,431.14 crore (as of October 31, 2018) to Rs 61,020.41 crore (by March 17, 2025) since its inception.

About MoF
Union Minister : Nirmala Sitharaman
Headquarters : New Delhi
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MSRDC Bags SKOCH Award 2025 for Samruddhi Mahamarg Project Excellence.

In April 2025, the Maharashtra State Road Development Corporation Limited (MSRDC) was honoured with the prestigious SKOCH 2025 Award in the Gold category under the 'Infrastructure' segment. The award was presented in recognition of MSRDC’s successful implementation of its flagship project, the Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg.


      - Dr. Anil Kumar Gaikwad, Vice-Chairman and Managing Director (MD) of MSRDC, accepted the award at the 100th SKOCH Summit held at the India Habitat Centre in New Delhi, Delhi.


      - The expressway is a high-speed greenfield corridor that connects 392 villages across 26 talukas in 10 districts of Maharashtra.

      - The project has significantly reduced travel time between Nagpur and Mumbai, cutting it down from 16–18 hours to just 7–8 hours.

Main Point :-   (i) Instituted in 2003, the SKOCH Awards recognize outstanding achievements in governance, inclusive growth, technology excellence, corporate leadership, citizen service delivery, and capacity building.

      (ii) The awards are conferred annually by the SKOCH Group, a Gurgaon (Haryana)-based full-service consulting firm established in 1997.

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MoWCD Recently Releases Report Highlighting Women and Children as Most Vulnerable to Climate Change.

In April 2025, the Ministry of Women and Child Development (MoWCD), Government of India (GoI), recently released a scoping study titled "How Does Climate Change Impact Women and Children Across Agroecological Zones in India."


      - The report highlights that women, particularly those in poor and rural communities, face greater climate-related challenges due to their daily responsibilities and social roles, while children remain highly exposed to climate threats.


      - The impacts of climate change on women and children vary across India’s 20 agroecological zones, revealing region-specific vulnerabilities.

     

Main Point :-   (i) The complexity of the situation increases as states like Jharkhand, Gujarat, Maharashtra, and Andhra Pradesh (AP) have five agroecosystems each. Additionally, zones like the North Eastern Hills and Western Coastal Plains span multiple states, necessitating inter-state coordination.

      (ii) Heatwaves have surged in India, increasing nearly 30 times by 2022, posing critical threats. Among the most vulnerable are pregnant women, elderly women, outdoor workers, and economically disadvantaged women.

(iii) Young children, especially those under 5 years of age, are at serious risk during extreme weather events such as heatwaves. Between 2000 and 2016, India reported over 17,000 child deaths due to natural disasters.

About the Ministry of Women and Child Development (MoWCD)
Minister : Annpurna Dev
Headquarters : New Delhi
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6 More Products from Tamil Nadu Recently Receive GI Tag, Raising State’s Total to 69.

In April 2025, the Geographical Indication (GI) Registry, based in Chennai, Tamil Nadu, and operating under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoC&I), recently granted GI tags to six additional products from Tamil Nadu.


      - These include the well-known Puliyankudi Acid Lime, Panruti Cashew, and Virudhunagar Samba Vathal (dried red chillies), among others.


      - With this recognition, the total number of GI-tagged products from Tamil Nadu has increased to 69, further strengthening its position as the second-highest Indian state in terms of Geographical Indication-certified products.

      - Tamil Nadu now follows Uttar Pradesh (UP), which currently holds the top spot with 79 GI-certified products.

Main Point :-   (i) The GI Registry has also recently awarded GI certificates to 8 additional traditional products from Jammu & Kashmir (J&K), along with one product each from Telangana, Assam, and Kerala.

      (ii) With these additions, the total number of GI-registered crafts from the Kashmir region has risen to 15, out of which 7 crafts have already received official GI certification.

About the Department for Promotion of Industry and Internal Trade (DPIIT)
Secretary : Amardeep Sing Bhatia
Headquarters : New Delhi
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Union Minister Dr. Mansukh Mandaviya Recently Inaugurates Viksit Bharat Youth Parliament 2025 in New Delhi.

In April 2025, Union Minister Dr. Mansukh Mandaviya, who heads the Ministry of Labour and Employment (MoL&E) and the Ministry of Youth Affairs & Sports (MYAS), recently inaugurated the National Round of the 2-day Viksit Bharat Youth Parliament Festival 2025 held in New Delhi.


      - The event concluded with the presentation of the National Youth Awards and the Viksit Bharat Youth Parliament Awards, celebrating the voices and contributions of the youth towards building a developed India.


     

     

Main Point :-   (i) The festival began with the District Youth Parliament sessions, which were organized from March 16 to 27, 2025, followed by the State Youth Parliament sessions, held across various State Legislative Assemblies from March 23 to 31, 2025.

      (ii) The key agenda of the Viksit Bharat Youth Parliament 2025 was to deliberate on the proposal to refer the ‘One Nation, One Election (ONOE)’ Bill to the Joint Parliamentary Committee (JPC) for further examination.

(iii) A total of 24 National Youth Awards were recently presented across individual and organization categories. For the year 2021-22, 11 awards were given in the individual category, while 13 awards were presented for 2022-23, including 12 in the individual category and 1 in the organization category.

Ministry of labour and Employment (MoL&E)
Minister : Dr. Mansukh Mandaviya
Headquarters : New Delhi
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MoD Grants In-Principle Approval for Establishing Adilabad Airport in Telangana.

In April 2025, the Ministry of Defence (MoD) has recently granted in-principle approval for civil aircraft operations at the Adilabad airfield in Telangana. Originally established during the Nizam era, this airfield is set to be developed into a joint-use facility catering to both military and civilian purposes.


      - This approval marks the second airport sanctioned by the Government of India (GoI) since 2023, aiming to boost regional air connectivity and support defence training needs.


      - The Indian Air Force (IAF) intends to set up a training establishment at the Adilabad airfield in the future.

     

Main Point :-   (i) The IAF has proposed that the Airports Authority of India (AAI) acquire adjacent land for the construction of a civil terminal, aircraft parking apron, and associated infrastructure.

      (ii) The AAI is likely required to submit a detailed proposal to obtain a No Objection Certificate (NOC) from the IAF for the civil development plans.

(iii) In February 2025, the GoI had granted approval for the development and operationalization of the Mamnoor Airport in Warangal, Telangana.

About MoD
Minister : Rajnath Singh
Headquarters : New Delhi
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DoT & RPF Collaborate to Strengthen Mobile Phone Security for Train Passengers.

On 3 April 2025, the Department of Telecommunications (DoT), under the Ministry of Communications (MoC), recently partnered with the Railway Protection Force (RPF) under the Ministry of Railways (MoR) to strengthen the mechanisms for blocking, tracing, and recovering lost or stolen mobile phones of train passengers.


      - This initiative connects the Rail Madad application with the Sanchar Saathi platform developed by the DoT, aiming to enhance passenger safety and curb the misuse of lost devices.


      - Rail Madad, developed by Indian Railways (IR), is a passenger-centric app that helps address grievances and issues during train travel.

      - With this integration, passengers can now report stolen or lost phones via Rail Madad, and these complaints will be automatically redirected to Sanchar Saathi for immediate action such as device blocking and tracking.

Main Point :-   (i) As of now, the Central Equipment Identity Register (CEIR) feature under Sanchar Saathi has blocked over 30 lakh devices, traced about 18 lakh, and successfully recovered 3.87 lakh handsets.

      (ii) Established in 1957, the RPF has played a vital role in railway security and will now be further empowered with cutting-edge digital tools to assist passengers more effectively.

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11th BRICS Environment Ministers’ Meeting Held in Brazil.

In April 2025, under the presidency of Brazil, the 11th BRICS (Brazil, Russia, India, China, and South Africa) Environment Ministers’ Meeting was recently held in Brasília, Brazil, from April 3 to 4, 2025. The meeting aimed to strengthen collaboration among Global South nations to foster inclusive and sustainable environmental governance.


      - The Indian delegation was led by Amandeep Garg, Additional Secretary, Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India (GoI).


      - During the session, India highlighted the importance of collective leadership among BRICS member nations to drive progress on the 2030 Climate Agenda.

      - India urged BRICS nations to collectively support the ‘Baku to Belem Roadmap,’ an initiative launched at COP29 in Baku, Azerbaijan in 2024, which aims to mobilize USD 1.3 trillion annually in climate finance to help developing countries achieve their Nationally Determined Contributions (NDCs).

Main Point :-   (i) India reaffirmed the 2021 New Delhi Statement, highlighting integrated climate action via adaptation, mitigation, and implementation. With BRICS expanding to 11 nations, India urged joint action on desertification, biodiversity loss, and marine plastic pollution, while stressing energy diversification and promoting the Green Grids Initiative under ISA for sustainable energy transition.

      (ii) India advocated for adherence to Common but Differentiated Responsibilities (CBDR-RC) in global forums such as UNFCCC, UNCCD, CBD, and UNEA. It emphasized the urgent need to scale up climate finance, noting that the proposed USD 300 billion per year by 2035 falls short of the USD 1.3 trillion needed.

(iii) India urged BRICS nations to actively engage in global sustainability initiatives such as the International Solar Alliance (ISA), Leadership Group for Industry Transition (LeadIT) co-led by India and Sweden, and the Global Biofuel Alliance (GBA) initiated by India, to collectively accelerate climate action and sustainable development efforts.

About Brazil
President : Luiz Inácio Lula da Silva
Capital : Brasilia
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Securis Finance Receives RBI’s NBFC Licence to Provide Education Loans.

In April 2025, the Reserve Bank of India (RBI) granted a Non-Banking Financial Company (NBFC) licence to Securis Finance Private Limited, a Bengaluru (Karnataka)-based subsidiary of FirstPay Technologies. This regulatory approval enables Securis Finance to cater to the credit needs of teenagers, by offering education loans ranging from ₹50,000 to ₹5 lakh.


      - Securis Finance will pilot operations in key educational hubs across India, specifically targeting students in need of financial support for higher education.


      - The company aims to disburse ₹100 crore in loans during its first year of operations, with a target of expanding its loan book to ₹1,000 crore by 2030.

      - An AI-powered credit assessment model will be used to evaluate applicants based on academic performance and financial indicators, ensuring responsible and inclusive lending.

Main Point :-   (i) The initiative is designed to bridge the credit access gap for teenagers, especially from underserved and financially weaker sections, supporting their educational aspirations and career development.

      (ii) To obtain the NBFC licence, Securis Finance fulfilled key regulatory requirements, including registration under the Companies Act, 2013, maintaining a minimum Net Owned Fund (NOF) of ₹2 crore, and demonstrating financial stability through a robust business plan and a clean CIBIL (Credit Information Bureau India Limited) history.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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India Post & Nippon India Mutual Fund Join Hands to Launch Doorstep KYC Services.

In April 2025, India Post, functioning under the Department of Posts (DoP), entered into a Memorandum of Understanding (MoU) with Mumbai (Maharashtra)-based Nippon Life India Asset Management Limited (Nippon India Mutual Fund) to provide door-to-door Know Your Customer (KYC) verification services.


      - This collaboration is designed to streamline the mutual fund onboarding process, particularly benefiting investors in remote and underserved areas.


      - The MoU was signed between Manisha Bansal Badal, General Manager (GM) of the Business Development Directorate at DoP, and Sundeep Sikka, Executive Director (ED) and Chief Executive Officer (CEO) of Nippon India MF.

     

Main Point :-   (i) The initiative utilizes India Post’s vast network of over 1.5 lakh post offices to offer accessible and seamless KYC services, especially aiding senior citizens and individuals with mobility challenges.

      (ii) India Post has previously completed over 5 lakh KYC verifications for institutions like Unit Trust of India (UTI) and Specified Undertaking of UTI (SUUTI).

(iii) This initiative supports the Government of India’s Jan Nivesh campaign, which focuses on promoting financial inclusion and bridging the gap between the financially underserved population and formal financial systems.

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RBI Keeps FPI Investment Limits Unchanged for Government and Corporate Bonds in FY26.

In April 2025, the Reserve Bank of India (RBI) recently announced that the Foreign Portfolio Investors (FPI) investment limits in Government Securities (G-Secs), State Development Loans (SDLs), and corporate bonds will remain unchanged for the Financial Year 2025-26 (FY26). This decision reflects RBI’s strategy to maintain financial stability while encouraging steady foreign capital inflows.


      - The continuation of existing FPI investment limits highlights RBI’s commitment to ensuring a balanced and secure investment climate for global investors.


      - The Reserve Bank of India (RBI) has recently retained the Foreign Portfolio Investment (FPI) caps as follows — 6% for central government securities, 2% for state government securities, and 15% for corporate bonds, ensuring continuity in policy to support market stability and investor confidence.

     

Main Point :-   (i) The general investment limit for Government Securities (G-Secs) has been recently set at Rs 2.79 trillion (USD 32.71 billion) for the period April to September 2025, and Rs 2.89 trillion for October 2025 to March 2026.

      (ii) For corporate bonds, the investment ceiling stands at Rs 8.22 trillion for April to September 2025, and Rs 8.80 trillion for October 2025 to March 2026.

(iii) As of April 2025, Foreign Portfolio Investors (FPIs) have utilized only 22.3% of the G-Sec limit and 15.7% of the corporate bond limit, reflecting significant untapped potential for foreign capital inflows into Indian debt markets.

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Hyderabad Industries Limited Rebrands Itself as BirlaNu Ltd.

In March 2025, Hyderabad (Telangana)-based HIL Limited, formerly known as Hyderabad Industries Limited and part of the C.K. Birla Group, has been rebranded as BirlaNu Limited as part of its strategic transformation.


      - The rebranding aims to create a unified brand architecture that enables consistent communication across its product segments.


      - With 32 manufacturing units spread across India—including Telangana and Andhra Pradesh—and Europe, BirlaNu currently caters to customers in over 80 countries.

     

Main Point :-   (i) The company has committed to investing ₹1,200 crore over the next three years to scale operations in high-priority segments such as pipes, construction chemicals, and designer boards.

      (ii) To expand its global presence, BirlaNu will leverage Parador, the German flooring company it acquired in 2018, alongside exporting its India-made products.

(iii) In a pioneering move for the Indian market, BirlaNu has adopted Organic Based Stabilizers (OBS) in the manufacturing of Unplasticized Polyvinyl Chloride (UPVC) pipes, eliminating the use of heavy metals in the process.

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Paras Defence Collaborates with MicroCon Vision to Supply Drone Cameras for India.

In April 2025, Mumbai (Maharashtra)-based Paras Defence and Space Technologies Limited signed a Memorandum of Understanding (MoU) with Israel-based MicroCon Vision Limited (MicroCon), a subsidiary of Controp and Rafael Group, to introduce advanced drone camera technologies in India.


      - Paras Defence becomes the exclusive partner for MicroCon's Intelligence, Surveillance, and Reconnaissance (ISR) operations in India.


      - MicroCon will serve as the sole supplier of ISR payloads and Electro-Optical/Infrared (EO/IR) seekers to Paras Defence.

     

Main Point :-   (i) Integration of AI-powered analytics, thermal vision, and high-resolution imaging systems is set to enhance India’s surveillance and reconnaissance capabilities.

      (ii) Two drone camera models, typically priced at Rs 20 lakh and Rs 40 lakh per unit when imported, will now be 50-60% cheaper due to local supply—benefiting both the Indian Armed Forces and commercial sectors.

(iii) The Indian drone market is projected to grow by 17% by 2029, driven by rising demand in sectors like defence, agriculture, infrastructure, and surveillance.

About Paras Defence and Space Technologies Limited
Managing Director: Munjal Sharad Shah
Headquarter : Mumbai
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South Korea's Hanwha Aerospace Signs USD 253.6 Million Deal with L&T to Supply K9 Howitzers to Indian Army.

In April 2025, Chagwon (South Korea)-based defence manufacturing company Hanwha Aerospace Co., Ltd. signed a USD 253.6 million (KRW 371.4 billion) agreement with Mumbai (Maharashtra)-based Larsen & Toubro Limited (L&T) to export components of the K9 Vajra-T, a 155 millimeter (mm), 52-caliber tracked self-propelled howitzer, to the Indian Army (IA).


      - The agreement was signed at the Embassy of the Republic of Korea in New Delhi, Delhi, marking a significant milestone in the defence partnership between India and South Korea.


      - As per the agreement, Hanwha Aerospace will supply 100 K9 Vajra-T howitzers to the Indian Army by September 2030.

     

Main Point :-   (i) This deal follows the successful delivery of the first batch of 100 K9 Vajra-T units ordered in 2017, under a procurement agreement valued at USD 310 million.

      (ii) Out of these, 10 units were manufactured in South Korea, while the remaining 90 units were assembled in India by L&T.

(iii) The new batch of K9 Vajra-T howitzers will be manufactured in partnership with Hanwha Aerospace at L&T’s Armoured Systems Complex (ASC) located in Hazira near Surat, Gujarat.

About Larsen & Toubro Limited (L&T)
Chairman & Managing Director (CMD): Sekharipuram Narayanan (S.N.) Subrahmanyan
Headquarter : Mumbai
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Padma Shri Awardee & Veteran Actor-Director Manoj Kumar Passes Away.

On April 3, 2025, veteran Indian actor and filmmaker Manoj Kumar passed away at the age of 87 in Mumbai, Maharashtra. He was born on July 24, 1937, in Abbottabad, then part of British India (now in Pakistan).


      - Fondly known as 'Bharat Kumar', he was celebrated for his contribution to Indian cinema through films with strong patriotic themes.


      - In 1992, he was honored with the Padma Shri, India's fourth-highest civilian award, for his outstanding contribution to the field of Arts.

      - Born as Harikrishna Giri Goswami, Manoj Kumar began his film career with minor roles in movies such as Fashion (1957), Sahara (1958), and Chand (1959). He earned his first lead role in Kaanch Ki Gudiya (1961), but it was Hariyali Aur Rasta (1962) that brought him initial recognition. His role in Shaheed (1965), based on the life of freedom fighter Bhagat Singh, firmly established him in the Indian film industry.

Main Point :-   (i) Manoj Kumar made his directorial debut with Upkar (1967), highlighting the life of a soldier and a farmer. He continued to create patriotic films like Purab Aur Paschim (1970) and Kranti (1981), earning him the title ‘Bharat Kumar’.

      (ii) He won the National Film Award for Upkar in 1968 and received seven Filmfare Awards, including Best Actor (Be-Imaan), Best Editing (Shor), Best Director (Roti Kapda Aur Makaan), and a Lifetime Achievement Award in 1999.

(iii) In recognition of his cinematic legacy, he received the Kishore Kumar Award (2008), Raj Kapoor Award (2010), and the prestigious Dadasaheb Phalke Award in 2016.

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Sahitya Akademi Awardee & Eminent Malayalam Linguist Venugopala Panikkar Passes Away.

On April 3, 2025, eminent Malayalam linguist and writer Venugopala Panikkar passed away at the age of 80 in Kozhikode, Kerala. He was born on August 2, 1945, in Ernakulam, Kerala. In 2005, he was honored with the Sahitya Akademi Award for translating the Tamil novel Koonanthoppu by Thoppil Mohammed Meeran into Malayalam.


      - Venugopala Panikkar began his career as a research assistant at the University of Madras (Tamil Nadu) in 1971.


      - He joined the Malayalam Department at the University of Calicut (Kerala) as a faculty member in 1973.

      - He served as the Head of the Malayalam Department at Kannur University (Kerala) from 2003 to 2005 and retired in 2006.

Main Point :-   (i) In 2015, Venugopala Panikkar received the Kerala Sahitya Akademi Award for Lifetime Achievement.

      (ii) He presented papers at over 100 national and international seminars and authored notable books such as Swanamandalam, Noam Chomsky, Bhashartham, and Bhashalokam.

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Union Minister C.R. Patil Recently Launches RSMS Portal, Water Resource Census App & Portal.

On April 03, 2025, Union Minister C.R. Patil, Ministry of Jal Shakti (MoJS), recently launched three key digital initiatives: the web-based ‘Reservoir Storage Monitoring System (RSMS)’ portal, a Water Resource Census Application (App), and its associated portal at Shram Shakti Bhavan, New Delhi (Delhi).


      - These initiatives are aimed at enhancing water resource management, accessibility, and transparency.


     

     

Main Point :-   (i) The RSMS Portal has been developed to automate the creation of essential reports, including graphs, charts, tables, and advisories, which were previously generated manually.

      (ii) This portal has been developed using the Digital Brand Identity Manual (DBIM) framework, making it one of the first government platforms to fully comply with the latest Guidelines for Indian Government Websites (GIGW) 3.0.

(iii) The Water Resource Census App and Portal have been launched to support important census schemes, including: 7th Minor Irrigation Census, 2nd Census of Water Bodies,1st Census of Springs and 1st Census of Major and Medium Irrigation Projects.

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India Assist Signs MoU to Launch Operations in UAE.

In April 2025, Mumbai (Maharashtra)-based India Assist, a real-time travel assistance service platform, recently signed a Memorandum of Understanding (MoU) with the authorities of the United Arab Emirates (UAE) to launch its international arm, 'UAE Assist'.


      - Through this initiative, the company will provide complimentary travel assistance to every UAE visa applicant upon arrival, offering real-time support, emergency advice, and on-ground help.


     

     

Main Point :-   (i) The initiative targets coverage of over 40 million inbound visitors to the UAE annually.

      (ii) With this launch, India Assist enters the international travel assistance domain for the first time.

(iii) Previously, India Assist supported major events like the 2025 Mahakumbh in Uttar Pradesh (UP) and served as the official assistance partner for MotoGP.

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Syed Mohsin Raza Naqvi Appointed as President of Asian Cricket Council (ACC).

In April 2025, Syed Mohsin Raza Naqvi, Chairman of the Lahore (Pakistan)-based Pakistan Cricket Board (PCB), was recently appointed as the new Chairman of the Asian Cricket Council (ACC) during its Annual General Meeting (AGM), held virtually.


      - He will serve a two-year term beginning on April 3, 2025.


      - He succeeded Shammi Silva of Sri Lanka Cricket (SLC), who had taken over the ACC presidency in December 2024 following Jay Shah from India.

     

Main Point :-   (i) Naqvi’s first major assignment as ACC Chairman will be overseeing the Asia Cup 2025, scheduled for September 2025.

      (ii) In addition to his cricketing role, he currently serves as Pakistan's Interior Minister and has been heading the PCB since February 2024.

Asian Cricket Council (ACC)
President: Mohsin Naqvi
Headquarters: Dubai
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International Day for Mine Awareness & Mine Action Assistance 2025 Observed on April 4.

The United Nations (UN)’s International Day for Mine Awareness and Assistance in Mine Action is observed annually on April 4 to raise awareness about the threats posed by landmines and explosive remnants of war (ERW), and to promote efforts toward their elimination.


      - The day also supports the development of national mine-action capacities in conflict-affected regions, in alignment with the UN Sustainable Development Goals (SDGs).


      - April 4, 2025, marks the 20th observance of the International Day for Mine Awareness and Assistance in Mine Action.

      - The theme for 2025 is "Safe Futures Start Here", highlighting the importance of mine clearance in building safer, more secure communities.

Main Point :-   (i) On December 8, 2005, the United Nations General Assembly (UNGA) adopted Resolution A/RES/60/97, officially designating April 4 as the International Day for Mine Awareness and Assistance in Mine Action.

      (ii) The first-ever observance of this day took place on April 4, 2006.

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MNRE Records Historic 25 GW Renewable Energy Addition in FY25, Led by Solar Power Growth.

In April 2025, the Ministry of New and Renewable Energy (MNRE) announced a record-breaking addition of 25 gigawatts (GW) of Renewable Energy (RE) capacity in the Fiscal Year 2024–25 (FY25), reflecting a nearly 35% increase from the 18.57 GW added in FY24. This achievement marks the highest-ever annual increase in India’s renewable capacity.


      - As of March 2025, India’s total installed power generation capacity reached 483.26 GW. By February 28, 2025, the country had installed a total of 222.86 GW of non-fossil fuel-based power, comprising 102.57 GW of solar power, 48.59 GW of wind power, 11.45 GW of bio-power, 52.07 GW of hydro power, and 8.18 GW of nuclear power.


      - In FY25, solar power contributed to 80% of India’s renewable energy capacity addition, increasing from 15 GW in FY24 to 21 GW, a 38% rise. India also surpassed 100 GW of cumulative solar power capacity, becoming the 4th largest solar energy producer in the world, reflecting its growing focus on clean and sustainable energy.

      - India's domestic solar manufacturing sector saw major progress. Solar module capacity doubled from 38 GW (March 2024) to 74 GW (March 2025), while solar PV cell capacity tripled from 9 GW to 25 GW. This expansion was driven by MNRE's Production Linked Incentive (PLI) Scheme, attracting Rs. 41,000 crore investments. Gujarat also launched India’s first 2 GW ingot-wafer facility.

Main Point :-   (i) As of March 31, 2025, over 11.01 lakh households benefited under the PM Surya Ghar Muft Bijli Yojana. A total of Rs. 5,437.20 crore was disbursed as Central Financial Assistance (CFA) to 6.98 lakh beneficiaries, promoting solar adoption at household level and significantly reducing electricity expenses for lower and middle-income families.

      (ii) Under the National Green Hydrogen Mission (NGHM), the government allocated Rs. 2,220 crore for manufacturing electrolyzers (1,500 MW capacity/year) and Rs. 2,239 crore for producing 4.5 lakh tons per annum of green hydrogen. Pilot projects in the steel sector received Rs. 454 crore, while transport projects received Rs. 208 crore to deploy 37 hydrogen vehicles and 9 refueling stations.

(iii) In FY25, under PM-KUSUM, 4.4 lakh solar pumps were installed (4.2 times more than FY24) and 2.6 lakh pumps were solarized under Component C (25 times more than FY24). Total installations crossed 10 lakh with Rs. 2,680 crore spent. IREDA sanctioned Rs. 47,453 crore in loans and disbursed Rs. 30,168 crore, showing strong renewable energy financing growth.

About MNRE
Cabinet Minister : Pralhad Joshi
Headquarters : New Delhi
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Indian Navy Signs ₹270 Crore Agreement with Kirloskar for Indigenous Marine Diesel Engine Development.

On April 2, 2025, the Indian Navy (IN) signed a Project Sanction Order under the Make-I category with Kirloskar Oil Engines Limited (KOEL), based in Pune, Maharashtra, for the design and development of a 6-megawatt (MW) medium-speed marine diesel engine.


      - The agreement was finalized in New Delhi in the presence of Sanjeev Kumar, Secretary of Defence Production (DP), Ministry of Defence (MoD), and Vice Admiral Krishna Swaminathan, Vice Chief of the Naval Staff (VCNS).


      - The initiative aims to reduce India's dependency on imports in marine propulsion systems.

     

Main Point :-   (i) The project is valued at ₹270 crore and is 70% government-funded, focusing on creating a prototype engine with over 50% indigenous content.

      (ii) The project includes the development of detailed designs for diesel engines ranging from 3 to 10 MW, intended for use in the main propulsion and power generation of Indian Navy and Coast Guard vessels.

(iii) The primary objective is to replace the current dependence on high-capacity engines sourced from foreign Original Equipment Manufacturers (OEMs) with domestically developed alternatives.

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Axis Bank Becomes the First Indian Bank to Launch B2B Collections Solution for Businesses.

In April 2025, Mumbai (Maharashtra)-based Axis Bank Limited, one of the largest Private Sector Banks (PVB) in India, partnered with a Fortune 500 company in India to introduce a B2B (Business to Business) collections solution using Bharat Connect, formerly known as the Bharat Bill Payment System (BBPS), developed by NPCI Bharat BillPay Limited (NBBL).


      - This makes Axis Bank the first bank to implement this innovative payment solution, leveraging its advanced Application Programming Interface (API) banking stack.


      - It aims to streamline B2B payments, automate processes in supply chains, and improve digital payment efficiency for corporate clients.

     

Main Point :-   (i) The platform integrates with multiple ordering applications across sectors like Fast-Moving Consumer Goods (FMCG), Pharma, Automotives, and Healthcare.

      (ii) It enables wholesale distributors and retailers to make invoice payments directly from their applications.

(iii) Axis Bank acts as a Biller Operating Unit (BOU), offering a customizable and scalable solution.

About Axis Bank
CEO: Amitabh Chaudhry
Headquarter : Mumbai
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GI Tag Conferred to Tamil Nadu’s ‘Kumbakonam Betel Leaf’, ‘Thovalai Flower Garland’ & Gujarat’s ‘Saudagari Block Print’.

In April 2025, the Geographical Indications (GI) Registry in Chennai, Tamil Nadu (TN), under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoC&I), recently granted the GI Tag to two traditional products from TN — the Kumbakonam Betel Leaf from Thanjavur and the Thovalai Flower Garland (Manikka Malai) from Kanyakumari.


      - With this new recognition, Tamil Nadu’s GI tally has risen to 62 products, including 11 GI-tagged items from the Thanjavur district. These tags aim to protect the unique identity and cultural heritage of regional goods, ensuring better market value and recognition for local artisans and cultivators.


      - The GI Tag is an official certification provided under the Geographical Indications of Goods (Registration and Protection) Act, 1999, recognizing products that possess distinctive qualities, reputation, or characteristics linked to their specific geographical origin.

      - The successful GI tag acquisition was made possible through the dedicated efforts of P. Sanjai Gandhi, Intellectual Property (IP) Attorney and Advocate, who serves as the Nodal Officer for Geographical Indication Registration of Products for the Government of Tamil Nadu. He was supported by the Tamil Nadu Agricultural University (TNAU), Coimbatore, and the Thovalai Manikkamaalai Kaivinai Kalaingargal Nalasangam, Kanyakumari.

Main Point :-   (i) The traditional Saudagari Block Print from Jamalpur, Ahmedabad in Gujarat, renowned for its detailed and intricate hand-printed motifs, has recently been awarded the Geographical Indication (GI) tag.

      (ii) This recognition safeguards the distinctive artisanal craftsmanship, ensures the authenticity of origin, and aims to enhance the livelihood of artisans who have upheld this legacy for generations.

About Geographical Indications (GI) Registry
Established : 2003
Headquarters : Chennai, Tamil Nadu
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Paradip Port Retains Top Position in Cargo Handling Among Major Ports in FY25.

According to provisional estimates released by the Indian Ports Association (IPA), Odisha-based Paradip Port Authority (PPA), formerly known as Paradip Port Trust, has retained its position as the top cargo-handling major port in India for the Financial Year 2024-25 (FY25).


      PPA handled 150.41 Million Metric Tonnes (MMT) of cargo, marking a 3.5% increase compared to 145.4 MMT handled in FY24. With this, it has joined the exclusive 150 MMT club among Indian ports.


      It was closely followed by Deendayal Port (Kandla, Gujarat), which witnessed a 13% increase, handling 150.15 MMT of cargo in FY25, up from 132 MMT in FY24. Meanwhile, Jawaharlal Nehru Port Authority (JNPA), located in Mumbai, Maharashtra, recorded 7.4% growth, reaching 86 MMT cargo volume in FY25.

     

Main Point :-   (i) Overall, the data shows that most of the 12 major Indian ports recorded cargo traffic growth of 4.35%, reaching a total of 855 MMT in FY25, compared to 819.30 MMT in FY24.

      (ii) Mundra Port (Mumbai, Maharashtra), India’s largest commercial port operated by Adani Ports and Special Economic Zone Limited (APSEZ), made history by becoming the first Indian port to cross 200 MMT of cargo handling. It recorded 200.7 MMT in FY25, showing an 11.5% rise from 180 MMT in FY24.

(iii) Indian Ports Association (IPA) Established in1966 under the Societies Registration Act, the Indian Ports Association (IPA) serves as a statutory body dedicated to promoting the coordinated growth and modernization of India’s major ports. It functions under the supervisory authority of the Ministry of Ports, Shipping and Waterways (MoPSW), supporting policy formulation, development strategies, and performance improvement across the sector.

About Indian Ports Association (IPA)
Chairman : Rajiv Jalota
Headquarters : New Delhi
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MoEFCC Report Reveals Over 13,000 sq km of Forest Encroached Across India as of March 2024 and Madhya Pradesh Tops the List.

In March 2024, the Ministry of Environment, Forest and Climate Change (MoEFCC) submitted a detailed report to the National Green Tribunal (NGT), revealing that a total of 13,056 square kilometers (sq km) or 13,05,668.1 hectares of forest land across 25 States and Union Territories (UTs) in India was under encroachment.


      - This reflects a significant rise from the 7,506.48 sq km reported as encroached forest area in April 2023.


      - Madhya Pradesh (MP) topped the list with the highest forest encroachment, amounting to 5,460.9 sq km, followed by Assam at 3,620.9 sq km.

      - Other significantly affected states include Arunachal Pradesh (AR) with 534.9 sq km, Odisha with 405.07 sq km, Uttar Pradesh (UP) with 264.97 sq km, Mizoram with 247.72 sq km, Jharkhand with 200.40 sq km, and Chhattisgarh with 168.91 sq km.

Main Point :-   (i) Additional states impacted are Tamil Nadu (TN) with 157.68 sq km, Andhra Pradesh (AP) with 133.18 sq km, Gujarat with 130.08 sq km, Punjab with 75.67 sq km, Uttarakhand with 49.92 sq km, Kerala with 49.75 sq km, Tripura with 42.42 sq km, Andaman & Nicobar (A&N) Islands with 37.42 sq km, and Manipur with 32.7 sq km.

      (ii) Data from 10 States and UTs is still pending. These include Bihar, Haryana, Himachal Pradesh (HP), Rajasthan, Telangana, West Bengal (WB), Nagaland, Delhi, Jammu and Kashmir (J&K), and Ladakh.

(iii) Recorded Forest Area (RFA) refers to land officially classified as forest by the Government of India under the Indian Forest Act, 1927, irrespective of actual tree cover. RFA is categorized into Reserved Forests (RF) with full protection and restricted activities; Protected Forests (PF) where certain activities are permitted unless restricted; and Unclassed Forests, which are not designated as reserved or protected.

About Ministry of Environment, Forest, and Climate Change (MoEFCC)
Union Minister : Bhupender Yadav
Headquarters : New Delhi
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According to MoR Report Indian Railways Produces 1,681 Locomotives in FY25 and Surpasses USA and Europe.

According to the Ministry of Railways (MoR), India has emerged as a global leader in railway locomotive manufacturing by producing a record 1,681 locomotives in the financial year 2024-25 (FY25).


      - This marks a 19% increase over the 1,472 locomotives produced in FY24, with an addition of 209 locomotives.


      - With this feat, India has surpassed the total locomotive production of regions such as the United States of America (USA), Europe, South America, Africa and Australia.

     

Main Point :-   (i) Driven by the 'Make in India' initiative, locomotive manufacturing has seen remarkable growth. Between 2014 and 2024, India produced 9,168 locomotives, averaging nearly 917 annually. In comparison, only 4,695 locomotives were produced between 2004 and 2014, with an annual average of 470.

      (ii) West Bengal-based Chittaranjan Locomotive Works (CLW) led the output with 700 locomotives. It was followed by Uttar Pradesh-based Banaras Locomotive Works (BLW) with 477 locomotives, Punjab’s Patiala Locomotive Works (PLW) with 304 units, and Bihar’s Madhepura and Marhowrah units, each contributing 100 locomotives.

(iii) The WAG-9/9H freight locomotive topped production with 1,047 units in FY25. It was followed by WAP-7 (272 units), WAG-9 Twin (148 units), WAG-12B (100 units), WDG-4G/6G (100 units), WAG-9HH (7 units), NRC (5 units), and WAP-5 (2 units).

About Ministry of Railways (MoR)
Minister : Ashwini Vaishnaw
Headquarters : New Delhi
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EPFO Launches Two Key Reforms to Streamline Claim Settlement Process.

In April 2025, the Employees' Provident Fund Organisation (EPFO) introduced two major reforms to streamline its claim settlement process. These reforms are focused on improving the Ease of Living for EPF members and enhancing the Ease of Doing Business (EoDB) for employers. They are expected to significantly ease the claim process and reduce grievances related to claim rejections.


      - EPFO has recently removed the requirement to upload an image of a cheque leaf or attested bank passbook when filing claims online. Initially introduced as a pilot for KYC-compliant members, this change has already benefitted around 1.7 crore EPF members since its launch on May 28, 2024.


      - Since the member’s name is verified during bank account seeding with the Universal Account Number (UAN), EPFO found the additional documentation redundant. This reform is expected to benefit nearly 6 crore members by reducing claim rejections due to poor-quality uploads and cutting down grievances.

      - The requirement for employer approval after bank verification has been removed. EPFO has eliminated the employer's role in approving the verification of bank account details during the seeding process with UAN.

Main Point :-   (i) Members can now independently register or update their bank account details with UAN using Aadhaar OTP authentication. This is especially beneficial for those wishing to change their existing bank account linked to UAN.

      (ii) Even those members who have not yet seeded their bank accounts or want to update their details can now easily do so through the simplified online process. This reform enhances autonomy and speeds up the claim settlement mechanism.

(iii) Currently, bank account seeding with UAN is mandatory for Provident Fund (PF) withdrawals. During FY25 alone, around 1.3 crore members submitted their requests to seed their bank accounts, reflecting the importance and impact of this process.

About Employees' Provident Fund Organisation (EPFO)
Central Provident Fund Commissioner (CPFC) : Ramesh Krishnamurthi
Headquarters : New Delhi
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SBI Research Report Finds Increased Mudra Loan Availment by MSMEs in Bihar, Uttar Pradesh, Odisha and North-Eastern States.

Recently in April 2025, the State Bank of India (SBI) released a report titled "The PMMY: A Decade of Audacious Dreams: Bolder Bigger and Indeed Beautiful" to mark ten years of the Pradhan Mantri Mudra Yojana (PMMY). The report revealed that the share of MUDRA (Micro Units Development and Refinancing Agency) loans in Bihar, Uttar Pradesh, Odisha and the North-East has grown significantly, reflecting a more inclusive and balanced credit distribution pattern across India.


      - Out of the total 52 crore MUDRA accounts opened over the past decade, Shishu loans account for 78%, Kishor for 20%, and Tarun/Tarun Plus for 2%.


      - The share of Shishu loans has decreased from 93% in FY16 to 51.7% in FY25, while Kishor loans have grown from 5.9% in FY16 to 44.7% in FY25, indicating the expansion and formalization of Micro, Small and Medium Enterprises (MSMEs).

      - Bihar leads in the number of women entrepreneurs under PMMY with 4.2 crore beneficiaries, followed by Tamil Nadu with 4.0 crore and West Bengal with 3.7 crore. Maharashtra has the highest share of women account holders at 79%, followed by Jharkhand (75%) and West Bengal (73%).

Main Point :-   (i) Overall, women constitute 68% of all PMMY account holders, showcasing the scheme’s strong impact on women’s empowerment at the grassroots level.

      (ii) The share of PMMY loans has also grown significantly in states like Bihar (from 5.67% in FY16 to 10.97% in FY25), Uttar Pradesh (from 9.27% to 11.30%), and Odisha (from 4.24% to 4.51%).

(iii) Under PMMY, collateral-free loans of up to ₹20 lakh are provided through Member Lending Institutions in four categories—Shishu (up to ₹50,000), Kishor (₹50,000–₹5 lakh), Tarun (₹5–10 lakh), and Tarun Plus (₹10–20 lakh).

About SBI
Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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SBI and Citibank Collaborate on USD 295 Million Social Loan to Boost Support for Indian Farmers.

On April 3, 2025, the State Bank of India (SBI), headquartered in Mumbai, Maharashtra, in collaboration with Citibank (Citi), headquartered in New York, USA, announced a social loan facility worth USD 295 million.


      - This initiative is aimed at uplifting small and marginal farmers across India by improving their access to credit and enhancing agricultural productivity.


      - The social loan will be deployed by SBI to finance its Kisan Credit Card (KCC) loan portfolio, ensuring crucial credit flow to smallholder farmers.

      - It aims to boost agricultural output by facilitating better access to financial resources and promoting sustainable rural livelihoods.

Main Point :-   (i) The initiative supports broader goals of financial inclusion and economic empowerment of underserved farming communities.

      (ii) This collaboration is part of Citi’s global commitment to invest USD 1 trillion in sustainable finance by 2030, which includes support for 15 million low-income households globally.

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Bank of Maharashtra Collaborates with Customer Capital to Launch 'Tripstacc' Digital Travel Platform.

On April 2, 2025, Pune (Maharashtra)-based Bank of Maharashtra (BoM) partnered with Mumbai (Maharashtra)-based Customer Capital (registered in India as Custcap Solutions Private Limited), a captive commerce solutions provider, to launch Tripstacc, a white-label travel platform exclusively for BoM cardholders.


      - The platform integrates Artificial Intelligence (AI)-powered loyalty rewards, allowing seamless hotel and ticket bookings through BoM's card website and mobile application.


      - Developed by Customer Capital, Tripstacc allows banks to personalize travel-related services for their customers.

     

Main Point :-   (i) The platform offers advanced insights into Travel and Expenses (T&E), which are typically unavailable through conventional promotional travel partnerships.

      (ii) India’s loyalty market is expected to grow and reach USD 7.92 billion by 202

About Bank of Maharashtra
CEO : Nidhu Saxena
Headquarters : Pune
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SEBI Postpones Retail Algo Trading Implementation Deadline to August 1, 2025.

In April 2025, the Securities and Exchange Board of India (SEBI), headquartered in Mumbai, Maharashtra, extended the deadline for implementing retail algorithmic (algo) trading regulations from April 1, 2025, to August 1, 2025.


      - This extension follows requests from stock exchanges seeking more time to finalize technical standards in coordination with the Brokers' Industry Standards Forum (ISF).


     

     

Main Point :-   (i) The new algo trading norms were announced on February 4, 2025, targeting retail investors using automated software to place trading orders.

      (ii) The framework clearly defines the roles of brokers (as principals) and algo providers (as agents), where the latter operate using broker-authorized Application Programming Interfaces (APIs).

(iii) Every algo order must include a unique identifier for improved auditability and tracking.

About SEBI
Chairperson: Tuhin Kanta Pandey
Headquarter : Mumbai
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IDFC FIRST Bank Authorized by CPAO to Disburse Pensions.

In April 2025, Mumbai (Maharashtra) based IDFC FIRST Bank (Formerly Infrastructure Development Finance Company) received authorization from the New Delhi (Delhi) based Central Pension Accounting Office (CPAO) under the Department of Expenditure (DoE), Ministry of Finance (MoF), to disburse pensions to central government pensioners.


      - Pensioners can now receive their pensions directly into their IDFC FIRST Bank Savings Account.


      - This authorization enables IDFC FIRST Bank to provide pension disbursement services to various categories of pensioners, including All India Service Officers, Former Members of Parliament (MPs), Retired Judges of High Courts and the Supreme Court, Former Presidents and Vice Presidents of India, and officials of Civil Ministries and Departments (excluding Railways, Posts, Telecom, and Defence).

      - Pensioners have the option to open a joint savings account with their spouse to ensure uninterrupted family pension payments.

Main Point :-   (i) The bank offers a range of benefits under its Savings Account for pensioners, including zero-fee banking on 36 services such as debit card issuance, IMPS, NEFT, RTGS, chequebooks, and ATM withdrawals.

      (ii) Senior citizens also receive ₹2 lakh cyber insurance, unlimited online health consultations, and free doorstep banking.

(iii) Additionally, the bank provides favourable fixed deposit terms with no penalty on premature withdrawals and an extra 0.5% interest on Fixed Deposits (FDs) for senior citizens.

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Debmalya Sen Recently Appointed as President of IESA.

Pune (Maharashtra) based India Energy Storage Alliance (IESA), a leading industry body in India for energy storage, green hydrogen, and e-mobility (electro mobility), recently appointed Debmalya Sen as its President effective from April 01, 2025. He succeeds Dr. Rahul Walawalkar, who served as the President of IESA from 2019 to 2024.


      - Debmalya Sen has over 15 years of experience in conventional power, renewables, energy storage, and green hydrogen. Since 2021, he has worked with the Ministry of New and Renewable Energy (MNRE) and the Solar Energy Corporation of India (SECI) under the Government of India (GoI).


      - His career also includes significant roles at Customized Energy Solutions in Mumbai (Maharashtra) and Apraava Energy Private Limited (formerly CLP India) in Mumbai.

      - Prior to joining IESA, he served as India Lead – Advanced Energy Solutions at the World Economic Forum (WEF) from June 2023 to March 2025.

Main Point :-   (i) The India Energy Storage Alliance (IESA) was founded by the United States of America (USA)-based Customized Energy Solutions (CES). It aims to establish India as a global leader in clean energy technologies by promoting advancements in energy storage, green hydrogen, and related sectors.

      (ii) IESA has a strong network of members comprising over 180 companies, including those involved in Electric Vehicle (EV) manufacturing, microgrids, cleantech startups, and research institutes.

(iii) Its core mission is to accelerate India’s net-zero emissions target by 2070 through innovation in battery storage, grid modernization, and green hydrogen technologies.

About India Energy Storage Alliance (IESA)
President : Debmalya Sen
Headquarters : Pune, Maharashtra
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CCI Chairperson Ravneet Kaur Assigned Additional Charge as NFRA Chairperson for 3 Months.

In April 2025, the Government of India (GoI) appointed Ravneet Kaur, the 5th Chairperson of the New Delhi (Delhi)-based Competition Commission of India (CCI), with additional charge as Chairperson of the New Delhi-based National Financial Reporting Authority (NFRA) under the Ministry of Corporate Affairs (MoCA).


      - The Appointments Committee of the Cabinet (ACC) approved the appointment for a period of three months starting from 1 April 2025, or until a regular appointment is made.


      - The position became vacant after Ajay Bhushan Pandey completed his three-year term on 31 March 2025.

     

Main Point :-   (i) Ravneet Kaur served as Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I).

      (ii) She has served as Chairperson and Managing Director (CMD) of India Tourism Development Corporation Limited (ITDC), Exim Bank (Export-Import Bank of India), and India Infrastructure Finance Company Limited (IIFCL).

(iii) She was a consultant at the International Food Policy Research Institute, Washington D.C., United States of America (USA), and a Hubert H. Humphrey Fellow at Cornell University, USA.

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New Damselfly Species 'Euphaea wayanadensis' Recently Discovered in Kerala.

In April 2025, a group of scientists have discovered a new species of damselfly named Euphaea wayanadensis in the Wayanad landscape of the Western Ghats, Kerala. The discovery of the new species was published in the peer-reviewed journal ENTOMON.


      - This species marks the 191st recorded odonate species (including dragonflies and damselflies) found in Kerala and the 223rd one to be documented from the Western Ghats.


      - The newly discovered species belongs to the Euphaeidae family and was identified using integrated taxonomy methods.

      - Initially, the new species' features had been misidentified as Euphaea pseudodispar, a species described from Maharashtra. But later, the study found that the new species exhibits various morphological differences from Euphaea pseudodispar like: longer black hind wing patch, wider and uninterrupted humeral and antehumeral stripes in males, among others.

Main Point :-   (i) The new species is observed throughout the year, except during the months of March and April.

      (ii) In 2013, a group of researchers first observed the distinct morphotype of Euphaea wayanadensis at the Kalindi River, Thirunelli in Wayanad district (Kerala).

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Sanjeev Chopra’s Book "The Great Conciliator: Lal Bahadur Shastri and the Transformation of India" Recently Released.

In March 2025, a new biography titled "The Great Conciliator: Lal Bahadur Shastri and the Transformation of India", authored by historian and former Indian Administrative Service (IAS) officer Sanjeev Chopra, has been recently released. It offers an in-depth look at India’s second Prime Minister (PM), Lal Bahadur Shastri.


      - Published by New Delhi-based Bloomsbury Publishing India Private Limited, the book highlights Shastri’s contributions to India’s growth.


     

     

Main Point :-   (i) In this meticulously researched biography, Sanjeev Chopra delves into Shastri’s political and administrative journey.

      (ii) The narrative sheds light on his pivotal role in establishing key national institutions such as the Border Security Force (BSF) and the Central Bureau of Investigation (CBI).

(iii) Additionally, the book revisits Shastri’s iconic slogan, "Jai Jawan, Jai Kisan," which encapsulated his vision for India's defense and agricultural sectors.

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Army Medical Corps Raising Day Observed on 3 April 2025.

Every year, the Indian Army (IA) observes the Raising Day of the Army Medical Corps (AMC) on April 3 to honor the founding of the AMC in 1764 and commemorate the sacrifices made by medical professionals in the line of duty.


      - April 3, 2025, marked the 261st Raising Day of the AMC, a specialized corps dedicated to providing comprehensive healthcare services to active personnel, veterans, and their families.


      - The AMC's motto, "Sarve Santu Niramaya" (Sanskrit for "Let all be free from disease and disability"), reflects its commitment to holistic health and preventive care.

     

Main Point :-   (i) The origins of the AMC trace back to the Indian Medical Service (IMS), established in 1612 during the British East India Company’s rule, with John Woodall as the first Surgeon General.

      (ii) In 1764, medical services were formalized under the Company’s armies.

(iii) The administrative headquarters of the Indian Army Medical Corps (IAMC) was established in Pune, Maharashtra, in May 1943. Post-independence, the IAMC was renamed as Army Medical Corps (AMC) on 26 January 1950 (Republic Day).

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Sagarmala Programme Marks 10 Years of Successful Implementation.

The Sagarmala Programme, a flagship initiative of the Ministry of Ports, Shipping and Waterways (MoPSW), launched in March 2015, has successfully completed 10 years of implementation.


      - The programme aims to transform port-led development in the country by leveraging India's 7,500-kilometer (km) long coastline, 14,500 km of potentially navigable waterways, and its strategic location along key international maritime trade routes.


      - The Sagarmala Programme is an integral part of the Maritime Amrit Kaal Vision 2047 (MAKV), which envisions India as a global leader in maritime affairs.

      - Developed based on the Maritime India Vision 2030, MAKV has set ambitious targets, including achieving 4 million Gross Tonnage (GT) of shipbuilding capacity and handling 10 billion metric tons (MT) of cargo annually. It also aims to position India among the world's top 5 shipbuilding nations by 2047.

Main Point :-   (i) The Sagarmala Programme has identified 839 projects worth Rs 5.79 lakh crore for implementation by central ministries, state governments, and other organizations. As of March 19, 2025, 272 projects have been completed with a total investment of Rs 1.41 lakh crore, while Rs 10,000 crore has been allocated for 119 projects across coastal states and Union Territories (UTs).

      (ii) Under the modernization pillar, 103 projects have added 528 MTPA of port capacity. The port-connectivity pillar includes 279 projects worth Rs 2.06 lakh crore, with 92 completed. Additionally, more than 300 projects worth Rs 26,000 crore under Community Development and Inland Waterways have improved coastal infrastructure, benefiting 30,000 fishermen.

(iii) To enhance the programme’s impact, the GoI is set to launch Sagarmala 2.0 with a Rs 40,000 crore budget, aiming to attract Rs 12 lakh crore in investments over the next decade. This initiative will focus on infrastructure development, coastal economic growth, and job creation.

About MoPSW
Minister : Sarbananda Sonowal
Headquarters : New Delhi
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MoHFW Unveils 'ZooWIN' Portal for Tracking ARV & ASV Availability.

In March 2025, the Ministry of Health and Family Welfare (MoHFW) launched 'ZooWIN', a digital platform to monitor the real-time availability of Anti-Rabies Vaccines (ARV) and Anti-Snake Venom (ASV) across India, ensuring efficient distribution and preventing shortages in healthcare facilities.


      - The platform aligns with the National Action Plan for Prevention and Control of Snakebite Envenoming (NAP-SE), introduced in 2023, which aims to halve snakebite deaths and disabilities by 2030 through a 'One Health' approach.


      - It is designed to facilitate real-time stock monitoring, ensuring adequate vaccine availability in health facilities and preventing shortages.

      - It functions similarly to Co-WIN (Covid Vaccine Intelligence Network) and U-WIN (Universal Immunization WIN), enhancing collaboration among healthcare providers, municipal authorities, and veterinary services.

Main Point :-   (i) The National Centre for Disease Control (NCDC), based in New Delhi, developed ZooWIN with technical support from the United Nations Development Programme (UNDP) India. The pilot phase was launched in Delhi, Madhya Pradesh, Assam, Puducherry, and Andhra Pradesh to assess its effectiveness before nationwide expansion.

      (ii) ZooWIN integrates with the Electronic Vaccine Intelligence Network (eVIN) and U-WIN under the Universal Immunisation Programme (UIP) for real-time stock monitoring. Additionally, a dedicated 15,400 helpline, launched in 2023, provides guidance on rabies and snakebite treatment in pilot states.

(iii) India records 3-4 million snakebites annually, resulting in 50,000 deaths, accounting for 50% of global fatalities. The country also contributes to 36% of global rabies deaths, with approximately 60,000 fatalities worldwide per year.

About Ministry of Health and Family Welfare (MoHFW)
Minister : Jagat Prakash Nadda
Headquarters : New Delhi
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Finance Minister Nirmala Sitharaman Launches 'NITI NCAER States Economic Forum' Portal.

On April 1, 2025, Union Minister Nirmala Sitharaman, Ministry of Finance (MoF), inaugurated the 'NITI NCAER States Economic Forum' portal in New Delhi, Delhi.


      - The portal has been created by National Institution for Transforming India (NITI) Aayog in partnership with New Delhi-based National Council of Applied Economic Research (NCAER).


     

     

Main Point :-   (i) The portal will provide a comprehensive repository of data on India's states, encompassing social, economic, and fiscal parameters spanning over three decades (1990-91 to 2022-23).

      (ii) The portal serves as a centralized hub, enabling policymakers, researchers, and analysts to compare and benchmark state-wise data against national figures, thereby facilitating informed decision-making and policy debates.

(iii) The portal will facilitate an understanding of macro, fiscal, demographic, and socio-economic trends; easily accessible data and user-friendly format and will also address the ongoing need for consolidated sectoral data in one place.

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Elon Musk, Mark Zuckerberg Lead Forbes' List of World's Richest People in 2025.

On April 02, 2025, Forbes released its '39th Annual World's Billionaires List,' the definitive ranking of the world's richest people. Elon Musk, CEO of Tesla Motors, topped the list with a net worth of USD 342 billion (bn).


      - He is followed by Mark Zuckerberg, CEO of Meta, with a net worth of USD 216 bn, and at the 3rd place is Jeff Bezos, chairman and founder of Amazon.


      - The 2025 list features 3,028 billionaires, the most since the list's inception in 1987. The world's wealthiest people are collectively worth a record-breaking $16.1 trillion.

      - Mukesh Ambani remains India's richest person and Asia's wealthiest, ranking 18th globally with a fortune of $92.5 billion from Reliance Industries.

Main Point :-   (i) Gautam Adani, chairman of the Adani Group, follows at 28th place with $56.3 billion. He is the fourth richest Asian, behind TikTok's Zhang Yiming (23rd, $65.5 billion) and Nongfu Spring's Zhong Shanshan (26th, $57.7 billion).

      (ii) Jensen Huang, the CEO and co-founder of Nvidia, presently positioned at the 10th rank, has entered the ranks of the top 10 richest people for the first time and US topped the list with a record of 902 billionaires, followed by China with 516 billionaires and India at the 3rd position with 205 billionaires.

(iii) The richest woman of all is Walmart heir Alice Walton, whose fortune stands at an estimated $101 billion. She reclaims the title from French L'Oréal heiress Francoise Bettencourt Meyers, who now ranks second, at $81.6 billion.

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India & Nepal Recently Sign MoUs for 10 HICDPs in Nepal Under NRs. 625 Million Grant.

On April 1, 2025, the Embassy of India in Kathmandu (Nepal), in collaboration with the Ministry of Federal Affairs and General Administration, Government of Nepal, and other Project Implementing Agencies, recently signed Memoranda of Understanding (MoUs) for undertaking 10 High Impact Community Development Projects (HICDPs) in Nepal.


      - These projects, supported under the grant assistance of the Government of India (GoI), focus on Education, Health, and Culture sectors, with a total estimated cost of Nepalese Rupees (NRs) 625 million.


      - This initiative is part of India's ongoing commitment to enhancing infrastructure and community development in Nepal at the grassroots level.

      - New schools will be built in Taplejung (Koshi), Gulmi & Rupandehi (Lumbini), and Kailali & Bajhang (Sudurpashchim). These projects aim to improve educational infrastructure, ensuring better learning opportunities for students in remote regions and enhancing access to quality education across Nepal.

Main Point :-   (i) Health posts will be established in Sindhupalchowk (Bagmati), and the Nepal-Bharat Maitri Hospital will be built in Humla (Karnali) to enhance medical accessibility in rural areas. Cultural projects include the Ngagyur Nyngma Palyul Dhongag Chholing Monastery (Solukhumbu, Koshi) and the Nepal-Bharat Maitri E-Library (Chitwan, Bagmati), promoting heritage and education.

      (ii) The projects will be implemented through Nepalese local authorities, including Metropolitan Cities, Sub-Metropolitan Cities, Municipalities, and Rural Municipalities. This ensures efficient administration, smooth execution, and direct community benefits while strengthening India-Nepal bilateral cooperation.

(iii) Since 2003, India has supported 573 High Impact Community Development Projects (HICDPs) in Nepal, completing 495. These initiatives span education, healthcare, roads, irrigation, and electrification, contributing to grassroots infrastructure development across all seven provinces and improving the quality of life for local communities.

About Nepal:
President : Ram Chandra Poudel
Prime Minister (PM): KP Sharma Oli
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Federal Bank, NPCI & Visa Unveil Fed StarBiz Credit Card for Business Customers.

On April 1, 2025, Aluva (Kerala)-based Federal Bank Limited (FBL), formerly known as Travancore Federal Bank Limited, a leading private sector bank (PVB) in India, in partnership with the National Payments Corporation of India (NPCI) and United States of America (USA)-based Visa Inc., introduced the Fed StarBiz Credit Card, an exclusive financial product for business customers.


      - The credit card is designed to optimize business transactions and provide greater financial flexibility for Small and Medium Enterprises (SMEs).


     

     

Main Point :-   (i) The card integrates directly with Overdraft (OD) or Cash Credit (CC) accounts, offering limits up to Rs. 50 lakh. It enables transactions up to Rs. 3 lakh per day or up to the available OD/CC limit, ensuring seamless financial management for businesses.

      (ii) Equipped with advanced security features, it utilizes tokenization and encryption technologies for safe digital transactions. All transactions are automatically recorded in the OD/CC account, eliminating the need for separate statements and simplifying financial tracking.

(iii) With a validity of five years, the card is globally accepted via Visa and RuPay networks, allowing business customers to make secure transactions across India and internationally.

About Federal Bank Limited (FBL)
MD & CEO : KVS Manian
Headquarters : Aluva, Kerala.
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Moody's Forecasts India's GDP Growth at 6.5% for FY26, Highest Among G-20 Nations.

In April 2025, the global credit rating agency, Moody's Ratings, released its latest report on Emerging Markets, projecting India's Gross Domestic Product (GDP) growth at 6.5% for Financial Year 2025-26 (FY26), down from 6.7% in FY25. Despite this slowdown, India will continue to have the highest growth rate among both advanced and emerging Group-20 (G-20) nations.


      - This growth projection for India in FY26 is driven by tax measures and continued monetary easing, supporting economic stability and expansion.


      - The report also highlighted that while India's growth will remain the highest in the Asia-Pacific region, its deep integration with international trade makes it vulnerable to global uncertainties, including potential economic impacts from United States of America (USA) tariffs.

     

Main Point :-   (i) Moody’s emphasized that large emerging markets like India and Brazil will continue to attract and retain global capital, even in risk-averse conditions. Their economic resilience is attributed to strong, domestically-driven economies, robust capital markets, moderate policy credibility, and substantial Foreign Exchange Reserves (FER).

      (ii) India's growth projection is backed by its low External Vulnerability Indicator (EVI) of 61%, indicating reduced susceptibility to external financial shocks. This is further supported by a modest external debt-to-GDP ratio of 19% and minimal dependency on the United States (USA), accounting for just 2% of GDP.

(iii) The report forecasted India's inflation to average 4.5% in FY26, down from 4.9% in FY25. Additionally, the Government of India (GoI) significantly raised the income tax exemption limit from Rs 7 lakh to Rs 12 lakh in the Union Budget for FY26, aiming to boost consumption and economic demand.

About Moody's Ratings
President : Michael West
Headquarters : New York, the United States of America (USA)
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Subhash Chander (SC) Ralhan Recently Appointed as President of FIEO Until 2027.

On April 1, 2025, Subhash Chander (SC) Ralhan was appointed as the President of the Federation of Indian Export Organisations (FIEO), headquartered in New Delhi (Delhi), under the Ministry of Commerce and Industry (MoC&I).


      - He succeeds Ashwani Kumar and will serve in this role until March 31, 2027.


      - Along with him, Ravikant Shyamsunder Kapur has assumed the position of Vice-President (VP) of FIEO. He replaced Israr Ahmed.

      - The Federation of Indian Export Organisations (FIEO) is the apex body for export promotion councils, commodity boards, and export development authorities in India. It is ISO 9001:2015 certified and works to promote Indian exports, facilitate international trade, provide services, advocate for favorable policies, and address challenges faced by exporters.

Main Point :-   (i) SC Ralhan is a veteran in the export sector with over 50 years of experience, particularly in the engineering and hand tools industry.

      (ii) He is also the Managing Director (MD) of Sri Tools Industries Private Limited, based in Ludhiana (Punjab).

(iii) As President of FIEO, he addresses tariff barriers, promotes export diversification, and advocates for technology-driven exports.

About Federation of Indian Export Organisations (FIEO)
President : Subhash Chander (SC) Ralhan
Headquarters : New Delhi
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ACC Recently Appointed Sivasubramanian Ramann as PFRDA Chairman for 5 Years.

In April 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved the appointment of Sivasubramanian Ramann as the Chairman of the Pension Fund Regulatory and Development Authority (PFRDA) for a period of 5 years, effective from the date he assumes charge of the post, or until he attains the age of 65 years, or until further orders, whichever is the earliest.


      - He will succeed Deepak Mohanty, who has been serving as the Chairman of PFRDA since 2023.


      - At present, Ramann is serving as the Deputy Comptroller and Auditor General (CAG) of India and the Chief Technology Officer (CTO) at the CAG of India.

      - Sivasubramanian Ramann is a 1991 batch Indian Audit & Accounts Service (IA&AS) officer. He previously served as Chief General Manager (CGM) and Executive Director (ED) of SEBI between 2007 and 2013. In 2015-16, he was appointed as the Principal Accountant General (Audit) in Ranchi, Jharkhand.

Main Point :-   (i) From 2016 to 2021, Sivasubramanian Ramann was the Managing Director (MD) and Chief Executive Officer (CEO) of National E-Governance Services Limited (NeSL), India’s first information utility. In April 2021, he joined as Chairman & MD (CMD) of Small Industries Development Bank of India (SIDBI).

      (ii) He has held key positions under the Comptroller and Auditor General (CAG) of India in various states and also worked as Executive Secretary to the CAG of India.

(iii) PFRDA was initially established as a regulatory body to promote, develop, and regulate the pension sector in India. It gained statutory status through the PFRDA Act, 2013, which was passed in September 2013 and officially notified on February 1, 2014. PFRDA operates under the Department of Financial Services (DFS), Ministry of Finance (MoF).

About Pension Fund Regulatory and Development Authority (PFRDA)
Chairman : Dr. Deepak Mohanty
Headquarters : New Delhi
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Economist Poonam Gupta Appointed as Deputy Governor of RBI.

On April 2, 2025, the Appointments Committee of the Cabinet (ACC) appointed Poonam Gupta, Director General of the National Council of Applied Economic Research (NCAER), New Delhi, as the Deputy Governor of the Reserve Bank of India (RBI) for a term of three years, effective from her date of joining.


      - Poonam Gupta is the first woman to hold this position in over a decade. She succeeds Michael Debabrata (MD) Patra, whose tenure ended in January 2025.


      - The Deputy Governor of the RBI is the second most senior executive after the Governor. The RBI has four Deputy Governors, and the other three are M Rajeshwar Rao, T Rabi Sankar, and Swaminathan Janakiraman.

      - Poonam Gupta is an accomplished economist with nearly two decades of experience at the World Bank and the International Monetary Fund (IMF). She has also served as a government adviser in India, providing key insights on economic policies.

Main Point :-   (i) Poonam Gupta has held prestigious academic positions, including RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP) and Professor at the Indian Council for Research on International Economic Relations (ICRIER).

      (ii) Currently, she is the Director General (DG) of the National Council of Applied Economic Research (NCAER), New Delhi, India’s leading economic policy think tank. She joined NCAER in 2021 after serving in senior positions at the IMF and the World Bank for nearly two decades.

(iii) Poonam Gupta is a member of the Economic Advisory Council to the Prime Minister (EAC-PM) and serves as the Convener of the Advisory Council to the 16th Finance Commission (FC). In recognition of her academic excellence, she received the 1998 Export-Import Bank of India (Exim Bank) Award for her PhD thesis on international economics.

About National Council of Applied Economic Research (NCAER)
President : Nanan M. Nilekani
Headquarters : New Delhi
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CCI Recently Approved Acquisition Proposals of API Holdings by 360 ONE & Claypond Capital, and Voting Rights Changes in Groww.

On April 1, 2025, the Competition Commission of India (CCI) approved multiple acquisition proposals, including the joint acquisition of stakes in API Holdings Limited by 360 ONE and Claypond Capital Partners Private Limited and the acquisition of additional voting rights by certain shareholders of Billionbrains Garage Ventures Private Limited (Groww).


      - CCI approved the proposal of wealth management firm 360 ONE and Bengaluru-based Claypond Capital to jointly acquire Class B compulsorily convertible preference shares (CCPS B) of Mumbai-based API Holdings Limited.


      - API Holdings operates healthcare services through subsidiaries like Aknamed, Pharmeasy, Docon, Thyrocare, and Retailio. The shares will be acquired from MEMG Family Office LLP (MEMG LLP).

      - Additionally, CCI approved Groww's proposal involving the issuance of bonus shares and the relinquishment of extra voting rights by its founders. This restructuring includes eliminating differential voting rights and issuing bonus compulsorily convertible shares to its existing shareholders.

Main Point :-   (i) Groww's shareholders benefiting from this proposal include Peak XV Partners, Ribbit Capital, YC Holdings, Tiger Global, and ICONIQ Strategic Partners. These entities primarily invest in early-stage companies and startups across India, Southeast Asia, and the United States.

      (ii) 360 ONE Large Value Fund (LVF), which is registered with SEBI as a Category-II Alternative Investment Fund (AIF), will manage its investment in API Holdings through its investment manager, 360 ONE Alternates Asset Management Limited (AAML).

(iii) With these approvals, CCI has facilitated key investments and strategic acquisitions in India's healthcare and fintech sectors, supporting the growth of API Holdings and Groww while streamlining their corporate structures.

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Aditya Birla Capital Successfully Merges Aditya Birla Finance to Establish a Unified NBFC.

On 31st March 2025, Mumbai (Maharashtra)-based Aditya Birla Capital Limited (ABCL), a non-banking finance company (NBFC), announced the successful amalgamation of its wholly-owned subsidiary, Aditya Birla Finance Limited (ABFL), effective from 1st April 2025.


      - The merger received approvals from the National Company Law Tribunal (NCLT), Ahmedabad Bench, and regulatory bodies such as the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).


      - The proposed amalgamation aims to rationalize and simplify the group structure, enhance financial stability, improve stakeholder value, and increase operational efficiency.

     

Main Point :-   (i) Vishakha Mulye has been appointed as Managing Director (MD) & Chief Executive Officer (CEO) of ABCL.

      (ii) Rakesh Singh has been appointed as Executive Director (ED) and CEO of ABCL.

(iii) Nagesh Pinge and Sunil Srivastav have been appointed as Independent Directors of ABCL.

About Aditya Birla Capital Limited (ABCL)
Chairman : Kumar Mangalam Birla
Headquarters : New Delhi
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ICAR-CTCRI Unveils New Biofortified Sweet Potato Variety to Enhance Tribal Nutritional Security.

In March 2025, the Indian Council of Agricultural Research – Central Tuber Crops Research Institute (ICAR-CTCRI), headquartered in Thiruvananthapuram (Kerala), developed a new orange-fleshed sweet potato variety named SP-95/4 to support food security initiatives in tribal regions of India.


      - The new sweet potato variety SP-95/4 contains a high beta-carotene content of 8 mg per 100 grams, which helps effectively combat Vitamin A deficiency, especially common in tribal populations. Its average tuber weight is 300 grams, and its fusiform shape makes it suitable for food processing purposes.


      - SP-95/4 has shown strong adaptability across multiple states. It has been successfully tested in Odisha, West Bengal, Karnataka, and Kerala, demonstrating its suitability for cultivation in diverse ecological conditions.

     

Main Point :-   (i) The ‘Rainbow Diet’ programme, initiated in 2023 in Attappady, focuses on combating malnutrition through biofortified crops and was expanded under the ‘Punarjeevanam’ programme in 2024.

      (ii) The variety is currently cultivated across 10–15 acres, with expansion plans to reach 100 acres by December 2025.

(iii) A processing unit, funded through Corporate Social Responsibility (CSR) support, is being proposed to improve farmer incomes and ensure commercial viability of the crop.

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Vandana Katariya Recently Announces Retirement from International Hockey Career.

In April 2025, Vandana Katariya, a legendary figure in Indian women's hockey, announced her retirement from international hockey, concluding an illustrious 15-year journey with the Indian national team.


      - With a career beginning in 2009, Katariya became the most-capped player in Indian women’s hockey history, recording 320 international appearances and scoring 158 goals.


      - She played a crucial role in India's historic fourth-place finish at the Tokyo Olympics 2020, where she etched her name in the record books as the first Indian woman to score a hat-trick in Olympic hockey.

      - Her retirement marks the end of an era, leaving behind a lasting legacy as one of the most accomplished and inspiring figures in Indian hockey.

Main Point :-   (i) Vandana Katariya represented India at the Olympics in Rio 2016 and Tokyo 2020. She played in the FIH Hockey Women's World Cups in 2018 and 2022. She also participated in three Commonwealth Games – 2014, 2018, and 2022 – where she helped secure a Bronze medal in 2022.

      (ii) Katariya was instrumental in India’s success at the Asian Games, winning a Silver medal in 2018 and Bronze medals in 2014 and 2022. She also clinched Gold in the Women’s Asian Champions Trophy in 2016 and 2023, and won the FIH Nations Cup in 2022.

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World Autism Awareness Day Observed on 2 April 2025 to Promote Inclusion and Rights of Autistic Individuals.

The United Nations (UN)’s World Autism Awareness Day (WAAD) is observed annually on April 2 to raise awareness about Autism Spectrum Disorder (ASD) and promote the rights, dignity, and inclusion of autistic individuals.


      - On April 2, 2025, the world marked the 18th observance of WAAD.


      - The theme for WAAD 2025 is "Advancing Neurodiversity and the UN Sustainable Development Goals (SDGs)".

      - The Institute of Neurodiversity (ION), a neuro minority-founded organisation based in Switzerland and active in 40 countries, is leading the 2025 event in collaboration with the UN Department of Global Communications (DGC).

Main Point :-   (i) On December 18, 2007, the UN General Assembly (UNGA) adopted Resolution A/RES/62/139, officially declaring April 2 as World Autism Awareness Day.

      (ii) The first observance of WAAD took place on April 2, 2008.

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International Children’s Book Day Celebrated on 2 April 2025.

International Children's Book Day (ICBD) is celebrated globally on 2 April every year to commemorate the birth anniversary of Hans Christian Andersen, the renowned Danish author widely regarded as the "father of modern fantasy." The day highlights the pivotal role of children's literature in fostering creativity, empathy, and a lifelong passion for reading.


      - The International Board on Books for Young People (IBBY) – Netherlands is the official sponsor for ICBD 2025, observed under the theme: “The freedom of imagination to inspire young readers.”


      - The observance is supported by The United Nations Educational, Scientific and Cultural Organization's (UNESCO) Body Mind and Wellness (BMW) Club.

     

Main Point :-   ICBD was first celebrated in 1967, initiated by IBBY, a global non-profit organization dedicated to promoting quality children's literature and reading.

     

About International Board on Books for Young People (IBBY)
President: Basarat Kazim (Pakistan)
Headquarters: Basel, Switzerland
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Assam Unveils ‘Mukhya Mantri Mahila Udyamita Abhiyan’ to Boost Women Entrepreneurship.

On April 1, 2025, Assam’s Chief Minister (CM) Himanta Biswa Sarma launched the ‘Mukhya Mantri Mahila Udyamita Abhiyan’ (MMMUA) in Behali, Assam. At the inauguration event, 23,375 women beneficiaries were handed their first cheques, officially commencing the implementation of the scheme.


      - This initiative, also called the CM Women Entrepreneurship Campaign, aims to foster self-employment and economic empowerment among women. It stands as one of Assam’s most extensive women-focused entrepreneurship drives.


     

     

Main Point :-   (i) MMMUA is a structured three-phase financial assistance programme aimed at supporting women in launching and expanding micro-enterprises. In the first year, each eligible woman receives Rs.10,000 as seed capital to start or grow small businesses in sectors like agriculture, livestock, and retail, promoting self-employment and economic empowerment.

      (ii) Second Year: After showing effective use of the initial amount, the beneficiary becomes eligible for Rs.25,000 — comprising a Rs.12,500 bank loan and Rs.12,500 in government support. The Assam government will bear the loan interest.

(iii) Third Year: Entrepreneurs who succeed in the first two stages will be eligible to receive Rs.50,000 to further scale their business operations.

About Assam
Chief minister: Himanta Biswa Sarma
Governor: Lakshman Acharya
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President Droupadi Murmu Unveils Commemorative Stamp Marking RBI's 90th Anniversary.

• On April 1, 2025, President of India, Droupadi Murmu, unveiled a special postage stamp of Rs.5 denomination to commemorate the 90th anniversary of the Reserve Bank of India (RBI) at the National Centre for the Performing Arts (NCPA) in Mumbai, Maharashtra.


      - The 90th anniversary of RBI marks a significant milestone, reinforcing its commitment to economic stability, financial growth, and strengthening trust in India's financial system.


      - The event was attended by Union Minister Jyotiraditya M. Scindia (Ministry of Communications & MDONER), Maharashtra Chief Minister Devendra Fadnavis, and other distinguished dignitaries.

      - The stamp symbolizes RBI's evolution, featuring its original headquarters in Kolkata (West Bengal) and current headquarters in Mumbai. It also includes the 90th-anniversary emblem with the motto "Stability. Trust. Growth," reflecting RBI's foundational principles.

Main Point :-   (i) Established under the RBI Act, 1934, the Reserve Bank of India (RBI) initially operated from Kolkata before shifting its headquarters to Mumbai in 1937. It plays a crucial role in monetary policy implementation, currency management, government debt oversight, and financial regulation.

      (ii) The RBI actively promotes financial inclusion, consumer protection, and digital literacy through various initiatives, including the Post Office Savings Bank (POSB). It ensures a stable financial ecosystem while fostering economic growth.

(iii) Sir Osborne Smith was the first Governor of the RBI, followed by Sir C.D. Deshmukh, the first Indian to hold the position. The RBI issues currency notes in denominations of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, and Rs 500, while coins in Rs 1, Rs 2, Rs 5, and Rs 10 denominations are overseen by the Ministry of Finance (MoF).

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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Maharashtra Government Partners with Google to Establish AI CoEs in Mumbai, Pune, and Nagpur.

In April 2025, the Government of Maharashtra signed a Memorandum of Understanding (MoU) with Google India Private Limited, based in Mumbai, Maharashtra, to establish three Artificial Intelligence (AI) Centres of Excellence (CoE) in Mumbai, Pune, and Nagpur.


      - The agreement was formalized in Mumbai by Chief Secretary of Maharashtra, Sujata Saunik, and Google India's Rajan Anandan, in the presence of Chief Minister (CM) of Maharashtra, Devendra Fadnavis, along with Deputy (Dy) CMs Eknath Shinde and Ajit Pawar.


      - The Mumbai Centre for Geospatial Analytics will be established in the Chief Secretary’s office of Maharashtra. This centre will leverage satellite imagery and spatial data to enhance governance decisions, enabling better geographic information management and critical data analysis for improved planning and administration.

      - The Pune Centre for Forensic AI will integrate artificial intelligence with forensic science to strengthen criminal investigations. It will enhance forensic data analysis, streamline evidence management, and improve overall crime-solving capabilities, contributing to a more efficient justice system.

Main Point :-   (i) The Nagpur-based Maharashtra Advanced Research and Vigilance for Enforcement of Reformed Laws Limited (MARVEL) will focus on AI-driven solutions for government functions. Its key areas will include enforcement, monitoring, and governance reforms. The Indian Institute of Management (IIM) Nagpur in Dahegaon, Maharashtra, will collaborate with MARVEL to provide specialized training and capacity-building programs.

      (ii) As part of the AI CoE initiative, Microsoft will offer government employees AI training and certification through the Microsoft Learn platform to enhance their technological skills.

(iii) The Government of Maharashtra will leverage Microsoft’s advanced Copilot technology to boost productivity, streamline administrative operations, automate document processing, and improve citizen services. This initiative aims to enhance service delivery at the grassroots level, ensuring efficient governance and better responsiveness to public needs.

About Maharashtra
Chief Minister (CM) : Devendra Fadnavis
Governor : C. P. Radhakrishnan
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Dhruva Space Partners with Infostellar to Advance Satellite Communication Capabilities.

In March 2025, Hyderabad (Telangana)-based Dhruva Space Private Limited partnered with Tokyo (Japan)-based Infostellar to integrate Dhruva Space’s 3.8-meter (m) S&X-band ground station antenna in Hyderabad into Infostellar’s StellarStation platform. This collaboration aims to expand Infostellar’s global ground station network and improve satellite communications interoperability.


      - This integration enhances support for Low Earth Orbit (LEO) satellites in inclined orbits, optimizing data downlink efficiency for critical missions.


      - The Hyderabad-based antenna utilizes X/Y mount systems for full hemispherical coverage, establishing Dhruva Space as India’s only commercial ground station solutions provider.

      - Dhruva Space plans to deploy 7.4m antennas with S, X, and Ka-band capabilities to support Lunar and Deep Space Missions in collaboration with global partners.

Main Point :-   (i) The agreement was signed in Tokyo (Japan) during the Third India-Japan Space Dialogue, organized by the Bopal, Ahmedabad (Gujarat)-based Indian National Space Promotion and Authorization Center (IN-SPACe), Ministry of External Affairs (MEA), Government of India (GoI), and the Cabinet Office of Japan.

      (ii) This collaboration enables Dhruva Space to provide end-to-end satellite solutions, while Infostellar offers its platform to satellite operators worldwide.

(iii) This partnership strengthens the existing India-Japan cooperation in space initiatives, including the Chandrayaan series, the Sentinel Asia initiative, and the forthcoming Lunar Polar Exploration (LUPEX) mission.

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Waaree Energies Inaugurates India's Largest Solar Cell Manufacturing Plant in Gujarat.

In March 2025, Mumbai (Maharashtra)-based clean energy player Waaree Energies Limited (WEL) launched India's largest solar cell manufacturing facility in Chikhli, Gujarat, with a 5.4 Gigawatt (GW) capacity and an investment of ₹2,500 crore.


      - The plant features advanced Tunnel Oxide Passivated Contact (TOPCon) technology, known for its high efficiency and improved energy conversion rates.


      - The inauguration event was attended by Union Minister Pralhad Joshi (Ministry of New and Renewable Energy - MNRE) and Gujarat Chief Minister (CM) Bhupendra Patel, along with other senior government officials.

      - Spanning 150 acres with a built-up area of 101 acres, the Chikhli facility highlights Waaree's commitment to a sustainable energy future for India. The plant also produces Mono PERC solar power cells, with trial production beginning in January 2025.

Main Point :-   (i) Waaree Energies invested $350 million (₹3,000 crore) in its Chikhli campus, reinforcing its commitment to solar technology. This facility is one of four in India, alongside plants in Surat (Gujarat), Nandigram (West Bengal), and Noida (Uttar Pradesh).

      (ii) The facility can manufacture 20 solar cells per second with 25% efficiency, boosting India's energy independence and reinforcing Waaree Energies as a leader in solar technology.

(iii) The TOPCon solar cells in the new facility feature a thin oxide and poly-crystalline silicon layer, enhancing energy conversion rates. Note: India's solar power capacity has grown from 2.82 GW in 2014 to 104 GW in March 2025, a remarkable 3,580% increase.

About Waaree Energies Limited (WEL)
CEO : Amit Paithankar
Headquarter : Mumbai
__________________________________________

India's External Debt Reaches USD 717.9 Billion by December 2024.

At the end of December 2024, India's external debt reached USD 717.9 billion (bn), reflecting a 10.7% increase from USD 648.7 billion in December 2023, according to "India's Quarterly External Debt Report" released by the Ministry of Finance (MoF).


      - The external debt rose by 0.7% on a quarterly basis, from USD 712.7 billion in September 2024. By December 2024, the external debt-to-Gross Domestic Product (GDP) ratio stood at 19.1%, slightly higher than 19% in the previous quarter.


      - The valuation effect, due to the appreciation of the US dollar against the rupee and other major currencies like the yen, euro, and Special Drawing Rights (SDR), accounted for USD 12.7 bn during the quarter ended December 2024.

      - While the central government's external debt declined, the non-government sector saw an increase.

Main Point :-   (i) Among non-government sectors, non-financial corporations held the largest share at 36.5%, followed by deposit-taking corporations (excluding the central bank) at 27.8%.

      (ii) The central government held 22.1%, and other financial corporations accounted for 8.7%.

About Ministry of Finance (MoF)
Union Minister : Nirmala Sitharaman
Headquarters : New Delhi
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Russia Unveils 'Zircon' Hypersonic Missile to Enhance Naval Supremacy.

In March 2025, Russia unveiled the 'Zircon' Hypersonic Missile, a cutting-edge weapon capable of reaching speeds of Mach 9 (over 10,000 kilometers per hour, km/h) at altitudes of 20 km. Zircon is described as a "strategic asset," marking a significant leap in military technology with the ability to strike land, sea, and airborne targets with unmatched precision and speed.


      - The Zircon, also known as the 3M22 Zircon, is a Supersonic Combustion Ramjet (Scramjet)-powered, nuclear-capable hypersonic cruise missile.


      - It utilizes the 3S-14 launch platforms on frigates and submarines and was first used during Russia's invasion of Ukraine in February 2024.

     

Main Point :-   (i) The Zircon hypersonic missile was initially developed as an anti-ship missile but is versatile enough to strike ground targets as well.

      (ii) Its maximum strike distance is estimated to be around 1,500 km (932 miles), enabling long-range strikes and significantly extending Russia's strike capabilities.

(iii) In March 2025, Russia officially launched "Perm," a 4th-generation nuclear-powered attack submarine and the first Russian submarine designed to carry and launch hypersonic Zircon missiles.

About Russia
President : Vladimir Vladimirovich Putin
Prime Minister (PM) : Mikhail Mishustin
__________________________________________

India-US Naval Exercise 'Tiger Triumph' 4th Edition Kicks Off in Visakhapatnam.

Exercise Tiger Triumph-25, the 4th edition of the bilateral Tri-Service Humanitarian Assistance and Disaster Relief (HADR) Exercise between India and the United States of America (USA), commenced on the Eastern Seaboard on April 01, 2025, and will continue till April 13, 2025.


      - The Harbour Phase of the exercise commenced at Visakhapatnam, Andhra Pradesh (AP) on April 01, 2025, and will last till April 07, 2025. During this phase, an Opening Ceremony featuring a joint Flag Parade and Media interaction was organised onboard Indian Naval Ship (INS) Jalashwa.


      - The closing ceremony of the exercise will be held onboard US Navy Ship Comstock at Visakhapatnam.

     

Main Point :-   (i) The exercise aims to enhance interoperability for conducting HADR operations and establish Standard Operating Procedures (SOPs) to set up a Combined Coordination Center (CCC), facilitating rapid and seamless coordination between Indian and USA Joint Task Forces (JTF) during exercises and crisis situations.

      (ii) Participants from both nations will engage in training visits, subject matter expert exchanges, sports events, and social interactions.

(iii) Under the Sea Phase, ships with embarked troops will conduct maritime, amphibious, and HADR operations off the coast of Kakinada.

About Indian Navy (IN)
Chief of Naval Staff (CNS): Admiral Dinesh Kumar (DK) Tripathi
Headquarters: New Delhi, Delhi
__________________________________________

MoRD Increases MGNREGA Wage from ₹349 to ₹370 per Day for FY26.

In March 2025, the Ministry of Rural Development (MoRD) issued a notification regarding the revised wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for the Financial Year 2025-26 (FY26). This notification was issued under sub-section (1) of Section 6 of MGNREGA, 2005.


      - As per the notification, the daily wage for workers under MGNREGA has been increased from the existing ₹349 to ₹370 per person.


      - The revised rates came into effect from the 1st day of FY26, i.e., April 1, 2025.

     

Main Point :-   (i) The wages under MGNREGA have been increased in the range of 2.33%-7.48%, translating to a hike of ₹7 to ₹26.

      (ii) As per MoRD, the National Rural Employment Guarantee Scheme (NREGS) wages have been raised by ₹7 in five states: Andhra Pradesh (AP), Arunachal Pradesh (AR), Assam, Nagaland, and Telangana.

(iii) The wages under MGNREGA are determined based on changes in the Consumer Price Index for Agricultural Labourers (CPI-AL), which reflects inflation trends in rural areas.

About MoRD
Union Minister : Shivraj Singh Chouhan
Headquarters : New Delhi
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Dr. Jitendra Singh Delivers Keynote at IIPA's 71st Foundation Day & Launches 'Antyodaya Se Sarvodaya' Book.

In March 2025, Union Minister of State (MoS) (Independent Charge, IC) Dr. Jitendra Singh, Ministry of Science & Technology (MoS&T), delivered the keynote address at the Dr. Rajendra Prasad Annual Memorial Lecture during the 71st Foundation Day of the Indian Institute of Public Administration (IIPA) in New Delhi (Delhi).


      - The address, titled "Antyodaya Se Sarvodaya," emphasized the government's commitment to ensuring inclusive governance, uplifting the most disadvantaged sections of society in the true spirit of Antyodaya.


      - IIPA and the Coalition for Disaster Resilient Infrastructure (CDRI), New Delhi (Delhi), signed an agreement to enhance disaster resilience.

      - Union Minister Jitendra Singh also launched the book 'Antyodaya Se Sarvodaya: A Framework of Universal Fulfilment.'

Main Point :-   (i) Dr. Jitendra Singh emphasized the democratization of civil services with increased female representation, particularly in STEM fields. Governance reforms include facial recognition for pension verification, eliminating physical bank visits, and process simplifications like a single pension form, a centralized education application portal, and the removal of 1,600 outdated rules.

      (ii) The government has introduced multilingual recruitment exams in 13 regional languages, with plans to expand to all 22 scheduled languages, and abolished interviews for certain posts to ensure fair recruitment. Rozgar Melas continue to create employment opportunities and uplift youth aspirations.

(iii) India has achieved major strides in science and technology, ranking 4th globally in patent filings, with 56% from resident Indians. As of December 2024, nearly 5,400 Indian scientists are among the top 2% best researchers worldwide.

About the Indian Institute of Public Administration (IIPA)
Chairman : Dr. Jitendra Singh
Director General (DG) : Surendra Nath Tripathi
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Gujarat CM Inaugurates India's Largest Chlorotoluene Manufacturing Plant in Dahej.

In March 2025, Gujarat Chief Minister (CM) Bhupendra Patel virtually inaugurated India's largest Chlorotoluene plant at Dahej (Gujarat) on the foundation day of Vadodara (Gujarat)-based Gujarat Alkalies and Chemicals Limited (GACL).


      - Established with an investment of Rs 350 crore, the plant aims to produce value-added chlorine derivatives, reducing import dependency and boosting exports.


      - The newly inaugurated facility has an annual production capacity of 30,000 tonnes and will manufacture critical chemicals like Benzyl Chloride, Benzyl Alcohol, and Benzaldehyde.

      - These chemicals are widely used in pharmaceuticals, agrochemicals, and dyes. The plant will utilize chlorine, a by-product of caustic soda manufacturing, ensuring efficient resource utilization.

Main Point :-   (i) Operational since 1973, GACL is a leading player in the chemical sector with three manufacturing units (two in Dahej, one in Vadodara).

      (ii) It produces over 35 chemical products, including 8 lakh metric tonnes (MT) of caustic soda annually, and holds a monopoly in India for sodium chlorate and hydrazine hydrate.

(iii) This initiative aligns with India’s goal of enhancing self-reliance in specialty chemicals and expanding its global market share.

About Gujarat
Chief minister: Bhupendra Patel
Governor: Acharya Devvrat
__________________________________________

PM Modi announces 'Yoga for One Earth, One Health' as 2025 yoga day theme.

In March 2025, Prime Minister (PM) Narendra Modi announced 'Yoga for One Earth, One Health' as the theme for the 2025 International Day of Yoga (IDY).


      - The first-ever IDY was observed on June 21, 2015, to raise awareness about the benefits of practicing Yoga, a 5,000-year-old ancient practice that originated in India.


      - The Morarji Desai National Institute of Yoga (MDNIY), under the Ministry of Ayush, has been tasked with organizing large-scale celebrations for International Day of Yoga (IDY) 2025.

      - As part of the preparations, MDNIY launched a 100-day countdown to IDY 2025 during the Yogamahotsav event at Vigyan Bhawan, New Delhi, on March 13, 2025.

Main Point :-   (i) The 11th edition of IDY will be the most expansive and inclusive yet, featuring 10 unique signature events to promote Yoga worldwide. Yoga Sangama will see a synchronized Yoga demonstration at 10,000 locations, aiming for a world record, while Yoga Bandhan will foster global partnerships by hosting Yoga sessions at iconic landmarks in 10 countries. Yoga Parks will establish 1,000 dedicated Yoga spaces for long-term community engagement.

      (ii) Inclusive initiatives include Yoga Samavesh for Divyangjan, seniors, children, and marginalized groups, Yoga Prabhava to assess Yoga’s public health impact, Yoga Connect as a global summit with experts, and Harit Yoga promoting sustainability through tree planting and clean-ups.

(iii) To attract youth, Yoga Unplugged will feature engaging sessions tailored for young people. Yoga Maha Kumbh, a week-long festival across 10 locations, will culminate in a central celebration led by the Prime Minister. Lastly, Samyogam, a 100-day initiative, will integrate Yoga with modern healthcare practices to promote holistic wellness.

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UNESCO Releases 'Education and Nutrition: Learn to Eat Well' Report at Nutrition for Growth 2025 Event in Paris.

In March 2025, the Paris (France)-based United Nations Educational, Scientific and Cultural Organisation (UNESCO) released its latest report titled 'Education and Nutrition: Learn to Eat Well', which highlights the quality of meals served in schools globally.


      - The report was unveiled during the 'Nutrition for Growth (N4G)' event, hosted by France from March 27 to 28, 2025, in Paris. It was developed by UNESCO in collaboration with the Research Consortium for School Health and Nutrition.


      - The report calls on governments to not only expand access to school meals but also enhance their nutritional value, ensuring better health and learning outcomes for students worldwide.

      - The UNESCO report found that 50% of primary school pupils received meals in 2024, but 27% lacked nutritionist input (2022). Only 93 of 187 countries had school food regulations, raising concerns about meal quality.

Main Point :-   (i) Among these 93 countries, only 65% had regulations covering foods sold in cafeterias and vending machines, pointing to gaps in ensuring healthy meal options. The report emphasized the positive impact of nutritious school meals on education, with data showing that school meals increased enrolment by 9% and attendance by 8%, while also improving learning outcomes.

      (ii) The report also addressed the rising concern of childhood obesity, which has more than doubled in most countries since 1990, even as food insecurity continues to escalate. Despite this, 418 million children now benefit from school meals globally, an increase of 30 million since early 2020, showcasing efforts to expand school feeding programs post-pandemic.

(iii) However, nutritional deficiencies remain a major issue, as over half of school meal programs lack adequate fruits and vegetables, while one-third continue to provide sugary drinks, highlighting the urgent need for improved food quality in schools.

About UNESCO
Director-General (DG): Audrey Azoulay
Headquarters : Paris, France
__________________________________________

IAF Joins Multinational Air Exercise 'INIOCHOS-25' in Greece.

In March 2025, the Indian Air Force (IAF) took part in the 12-day biennial multinational air exercise INIOCHOS-25, conducted from March 31 to April 11, 2025, at Andravida Air Base, Greece. Hosted by the Hellenic Air Force, the exercise was held in the historic region of Elis.


      - This biennial exercise serves as a platform to enhance skills in planning and executing Combined Air Operations, refine tactics in complex air warfare scenarios, and facilitate the exchange of operational best practices.


      - The INIOCHOS exercise, meaning "charioteer" in ancient Greek, is an annual multinational air training event with air and ground assets from 15 nations. It started as a small tactical drill in the 1980s and has become one of Europe’s most realistic air combat training platforms.

      - The exercise sharpens combat skills, fosters tactical knowledge exchange, and strengthens military ties. The previous edition was held in Greece from April 8 to April 18, 2024.

Main Point :-   (i) The IAF participated in INIOCHOS-25 with Su-30 MKI fighter jets, IL-78, and C-17 combat support aircraft, enhancing its operational preparedness and strengthening India's strategic ties with friendly nations. The exercise features the largest number of fighter jets and helicopters from various countries, including France, Israel, Italy, Poland, Qatar, Spain, UAE, and the USA.

      (ii) INIOCHOS-25 is divided into three phases: Phase 1 (March 24-30, 2025) involved the deployment of forces, Phase 2 (March 31-April 11, 2025) is the main exercise where air operations take place, and Phase 3 (April 11-13, 2025) focuses on redeployment.

(iii) During the main phase, participating air forces will conduct various air operations, including Offensive and Defensive Counter Air Operations, Strategic Air Operations, Air Support for land and maritime missions, Reconnaissance, Combat Search and Rescue, Time-Sensitive Targeting, and protection of high-value airborne assets.

About Greece
Prime Minister(PM) : Kyriakos Mitsotakis
Capital : Athens
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NABARD and SBI Ink MoU to Promote Sustainable Development in Rural Assam.

In March 2025, the National Bank for Agriculture and Rural Development (NABARD), headquartered in Mumbai, Maharashtra, and the State Bank of India (SBI), also based in Mumbai, signed a Memorandum of Understanding (MoU) to boost rural development in Assam.


      - The collaboration aims to enhance rural livelihoods and strengthen the credit ecosystem through targeted financial support.


      - The partnership between NABARD and SBI is designed to promote economic growth in rural areas by improving access to credit and supporting livelihood initiatives.

      - Under this collaboration, NABARD and SBI have set a financing target of Rs. 500 crores for the Financial Year 2025-26 (FY26), with plans to increase it to Rs. 1,000 crores annually in the future.

Main Point :-   (i) The initiative will focus on providing financial assistance to the agricultural and rural sectors, ensuring better access to credit, infrastructure, and sustainable livelihood opportunities.

      (ii) This partnership is expected to play a crucial role in empowering rural Assam and fostering long-term economic growth.

(iii) NABARD also signed an MoU with Digital Bharat Nidhi (DBN), under the Department of Telecommunications (DoT), Ministry of Communications (MoC), for Digital Rural Empowerment across the country.

About SBI
Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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IndusInd Bank Shifts ₹10,000 Crore Loans to ICICI, Federal Bank Under IBPC.

In March 2025, Mumbai (Maharashtra)-based IndusInd Bank Limited recently transferred corporate loans worth over ₹10,000 crore to ICICI Bank Limited (Mumbai-based) and Federal Bank Limited (Kochi, Kerala-based) through Inter-Bank Participation Certificates (IBPC) to bolster liquidity amid concerns over potential deposit outflows linked to an ongoing accounting probe.


      - The IBPC is a money market instrument used by banks to share loans and meet year-end lending targets.


      - In these transactions, the selling bank receives 40% of the loan amount, which helps in managing liquidity and retiring deposits.

     

Main Point :-   (i) Loans were transferred via the IBPC market, a short-term instrument (typically 6 months) allowing banks to borrow/lend against loan collateral.

      (ii) Acquired loans carry an interest rate of 7.5-8%.

(iii) IndusInd Bank aims to secure liquidity to offset risks from a ₹2,000 crore net worth erosion linked to accounting irregularities.

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Shirley Botchwey Becomes First African Woman Appointed as Commonwealth Secretary-General.

On April 1, 2025, Shirley Ayorkor Botchwey, from Ghana, recently assumed office as the 7th Secretary-General of the Commonwealth of Nations.


      - With this, she has become the first woman from Africa to hold this office. Also, she is the second woman to take on the position.


      - She recently succeeded Baroness Patricia Janet Scotland of Dominica, who was appointed as the 6th Secretary-General of the Commonwealth of Nations in November 2015, becoming the first woman to hold this position.

      - She was recently appointed by the Commonwealth Heads of Government during their biennial meeting in Apia, Samoa, in 2024.

Main Point :-   (i) The Secretary-General is nominated by Commonwealth leaders and can serve up to two terms, each lasting four years.

      (ii) The position involves promoting and protecting the Commonwealth's values, representing the Commonwealth in public, and overseeing the management of the Commonwealth Secretariat.

About The Commonwealth (Commonwealth of Nations)
Head: Charles III
Headquarters: London, the United Kingdom (UK)
__________________________________________

GoI to Acquire 48.99% Stake in Vodafone Idea Through ₹36,950 Crore Equity Conversion.

In March 2025, the Government of India (GoI) recently approved a proposal to raise its stake in Mumbai (Maharashtra)-based Vodafone Idea Limited (VIL) to 48.99% by converting outstanding spectrum auction dues worth ₹36,950 crore into equity.


      - This move, part of the September 2021 Reforms and Support Package for the Telecom Sector, aims to alleviate financial stress on the debt-laden telecom operator.


      - Under Section 62(4) of the Companies Act, 2013, VIL will issue 3,695 crore equity shares (face value: ₹10 each) to the GoI.

      - The shares will be issued within 30 days after securing approvals from regulators, including the Securities and Exchange Board of India (SEBI).

Main Point :-   (i) Post-conversion, the GoI will become the single-largest shareholder, surpassing current promoters Aditya Birla Group (14.76%) and Vodafone Group (22.56%).

      (ii) The conversion addresses VIL's deferred spectrum liabilities, including dues for the Financial Year 2025-26 (FY26) amounting to ₹32,723.5 crore (covering 2015 spectrum auction shortfalls and adjusted gross revenue (AGR) obligations).

(iii) The GoI's enhanced stake reflects its commitment to sustaining competition in India's telecom sector.

__________________________________________

SpaceX Launched 'Fram2' Mission, 1st Human Spaceflight Over Earth's Polar Regions.

On April 1, 2025, Space Exploration Technologies Corporation (SpaceX) successfully launched the 'Fram2' mission, marking the 1st human spaceflight over Earth's polar regions. The mission lifted off aboard a Falcon 9 rocket and Crew Dragon capsule 'Resilience' from Launch Complex-39A at the National Aeronautics and Space Administration (NASA)'s Kennedy Space Center in Florida, United States of America (USA).


      - The mission is named after the Norwegian 'Fram' ship, which explored both poles in the early 20th century.


      - The privately funded mission carried 4 astronauts on a 3-5 day orbital journey.

      - Fram2 marks SpaceX's 17th human spaceflight overall, its sixth mission for private clients, and carried the 681st people to travel above the Kármán line, with 626th entering Earth's orbit.

Main Point :-   (i) During their 5-day journey in orbit, the crew will conduct 22 research studies, primarily focusing on how spaceflight and zero gravity affect the human body.

      (ii) The crew will perform the 1st X-ray imaging in space, providing new insights into medical imaging in microgravity. The crew will study exercise regimens to mitigate muscle atrophy and bone density loss in microgravity.

(iii) The crew will conduct experiments to grow mushrooms, assessing fungal behavior and potential food sustainability in space.

About Space Exploration Technologies Corporation (SpaceX)
CEO : Elon Musk
Headquarters : California, the United States of America (USA)
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New Snakehead Fish Species 'Channa nachi' Identified in Meghalaya.

In March 2025, a newly discovered species of snakehead fish, Channa nachi, was identified in a remote stream in South Garo Hills, Meghalaya, a biodiversity hotspot in Northeast India.


      - It was first collected in 2021 by local fish enthusiast Farham Sangma from a shallow, slow-flowing tributary of the Simsang River system.


      - The species was officially recognized and described in the scientific journal Zootaxa.

     

Main Point :-   (i) The species is named nachi in honor of Farham Sangma, acknowledging his contribution to the discovery. The term nachi is derived from the Garo language, reflecting the indigenous culture's connection to local biodiversity.

      (ii) Channa nachi is a newly identified species of snakehead fish, distinguished by its slender body and striking bicolor appearance.

(iii) Its coloration transitions from a creamish-yellow front to a deep blue back, complemented by 10-12 pale brown saddles on its dorsal half and pale-blue marbling along its sides.

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Indian Chess GM Nihal Sarin Wins 2025 Tashkent Open Agzamov Memorial Title.

In March 2025, 20-year-old Indian Chess Grandmaster (GM) Nihal Sarin triumphed at the 18th edition of the 2025 Tashkent Open Agzamov Memorial in Tashkent, Uzbekistan. He clinched the title with an unbeaten score of 8 out of 10, finishing half a point ahead of the second-place finisher, Russian GM Sanan Sjugirov.


      - Nihal Sarin was awarded a prize of USD 20,000 (approximately Rs. 17 lakh), with a total prize fund of USD 75,000, and gained 7.1 Elo rating points, bringing his live rating to 2694, nearing the prestigious 2700 mark.


      - This achievement marks Nihal's first classical rating tournament win in 2025, following his major classical victory at the 2024 President Cup.

      - Nihal Sarin, who was ranked World No. 2 in Rapid Chess in 2022, continues to demonstrate exceptional skill and consistency.

Main Point :-   (i) Indian GM Abhimanyu Puranik claimed third place after tie-breaks, while Indian GM Aditya Mittal showcased impressive skills with a top-ten finish.

      (ii) Women FIDE Master (WFM) Shubhi Gupta (India) emerged as the top female performer, securing 44th place overall with a score of 6/10.

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Rajgir, Bihar to Host Men's Asia Cup Hockey 2025.

In March 2025, the historic city of Rajgir in Bihar was designated as the host city for the Hero Asia Cup 2025. This decision follows the signing of a Memorandum of Understanding (MoU) between New Delhi (Delhi)-based Hockey India (HI) and the Bihar State Sports Authority (BSSA) in Patna, Bihar.


      - The MoU was signed by Bholanath Singh, Secretary General of HI, and B. Rajender, Additional Chief Secretary (CS) of the Bihar Sports Department, in the presence of Dilip Tirkey, President of HI, and Harmanpreet Singh, captain of the Indian Men's Hockey team.


      - The tournament is scheduled to take place from August 29 to September 7, 2025, at the Rajgir Hockey Stadium in Rajgir, Bihar.

     

Main Point :-   (i) The Hero Asia Cup 2025 will be the 12th edition of the Men’s Asia Cup Hockey Tournament. It will feature eight teams, including India, Pakistan, Japan, Korea, China, and Malaysia, with the remaining two teams qualifying through the Asian Hockey Federation (AHF) Cup.

      (ii) This tournament is crucial as it serves as a qualifier for the 2026 FIH (International Hockey Federation) Men's World Cup, which will be jointly hosted by Belgium and the Netherlands.

(iii) The winner of the Asia Cup 2025 will secure a direct spot in the 2026 FIH Men’s World Cup, making it a high-stakes competition.

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Union Cabinet Approves Key Proposals, Including ₹22,919 Crore ECMS & ₹37,216 Crore Fertilizer Subsidy.

On March 28, 2025, the Union Cabinet, chaired by Prime Minister (PM) Narendra Modi, approved the following proposals/schemes:


      - Approved the Electronics Component Manufacturing Scheme (ECMS) with a total outlay of ₹22,919 crore to strengthen India's self-reliance (Atmanirbhar Bharat) in the electronics supply chain.


      - Approved the release of an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners, effective from January 1, 2025.

      - Approved a ₹37,216 crore subsidy on Phosphatic and Potassic (P&K) fertilizers for the Kharif season of 2025.

Main Point :-   (i) Approved the construction of a 4-lane access-controlled greenfield and brownfield Patna-Arrah-Sasaram corridor (National Highway (NH)-119A), connecting Patna to Sasaram in Bihar under the Hybrid Annuity Mode (HAM).

      (ii) Approved the inclusion of the Kosi-Mechi Intra-State Link Project of Bihar under the Pradhan Mantri Krishi Sinchai Yojana-Accelerated Irrigation Benefits Programme (PMKSY-AIBP), with a total outlay of ₹6,282.32 crore.

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PM Modi Inaugurates Key Projects in Maharashtra & Unveils ₹33,700 Crore Development Initiatives in Chhattisgarh.

On March 30, 2025, Prime Minister Narendra Modi embarked on a one-day official visit to Maharashtra and Chhattisgarh. In Nagpur, Maharashtra, he inaugurated multiple development projects and paid tribute to prominent leaders. In Bilaspur, Chhattisgarh, he laid the foundation stone, initiated construction work, and dedicated projects worth over ₹33,700 crore to the nation.


      - PM Modi laid the foundation stone for the Madhav Netralaya Premium Centre in Nagpur, Maharashtra. This upcoming facility will include a 250-bed hospital, 14 outpatient departments (OPDs), and 14 modular operation theatres to provide world-class yet affordable eye care.


      - PM Modi visited Smruti Mandir in Nagpur and paid tribute to Dr. Keshav Hedgewar and Madhavrao Golwalkar, key figures in the foundation of the Rashtriya Swayamsevak Sangh. He also visited Deekshabhoomi to pay homage to Dr. B. R. Ambedkar, the principal architect of the Indian Constitution.

      - In Nagpur, PM Modi inaugurated a state-of-the-art Loitering Munition Testing Range and an exclusive runway for unmanned aerial vehicles at Solar Defence and Aerospace Limited.

Main Point :-   (i) PM Modi inaugurated and laid the foundation stones for multiple projects worth over ₹33,700 crore in Mohbhattha village, Bilaspur district, Chhattisgarh.

      (ii) During the event, PM Modi flagged off the Mainline Electric Multiple Unit train service on the Abhanpur-Raipur route via Mandir Hasaud, enhancing regional rail connectivity.

(iii) PM Modi laid the foundation stone for NTPC’s Sipat Super Thermal Power Project Stage III with a capacity of 800 Megawatts in Bilaspur, contributing to India's growing energy sector.

About Maharashtra
Chief Minister (CM) : Devendra Fadnavis
Governor : C. P. Radhakrishnan
__________________________________________

CAG and NIUA Sign MoU for Strengthening Capacity Building in Urban Development.

The Comptroller and Auditor General (CAG) of India has signed a Memorandum of Understanding (MoU) with the National Institute of Urban Affairs (NIUA) based in New Delhi, aimed at enhancing audit planning, processes, and capacity building in the field of urban development.


      - The MoU was signed in the presence of K. Sanjay Murthy, CAG of India, along with senior officials from both organizations.


      - The MoU focuses on jointly developing content and course materials on urban sectors from an audit perspective.

     

Main Point :-   (i) The collaboration is designed to boost capacity-building efforts, equipping professionals with specialized skills in urban development, and improving the audit capabilities of the Indian Audit and Accounts Department (IA&AD) officers and staff.

      (ii) The partnership will focus on the creation of urban auditing tools, case studies, and methodologies, which will be shared with CAG officials for further enhancement.

(iii) Additionally, another MoU was signed with the Competitiveness Mindset Institute (CMI) in the presence of CAG K. Sanjay Murthy, aimed at enhancing non-cognitive skills that influence auditing effectiveness.

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NIXI Hosts UA Day 2025, Promoting a Multilingual Internet for Viksit Bharat.

The 3rd Universal Acceptance Day (UA Day) 2025 was celebrated in New Delhi on March 28, 2025. The National Internet Exchange of India (NIXI), under the Ministry of Electronics and Information Technology (Meity), organized a hybrid event at the India Habitat Centre, New Delhi.


      - The theme of the event, "Connecting the Unconnected - Building a Multilingual Internet for Viksit Bharat," focused on promoting Universal Acceptance (UA) and fostering a more inclusive digital ecosystem in India.


      - The event featured discussions on UA’s socio-economic impact, its benefits for businesses, and its crucial role in shaping effective public policy. The importance of a multilingual internet was emphasized, highlighting UA’s role in ensuring seamless access to digital services for all.

      - The 'Bhashini Portal', highlighted during Universal Acceptance Day 2025, promotes linguistic inclusivity by enabling real-time translation across Indian languages, making digital content accessible to non-English speakers. Launched in Gandhinagar in August 2022, Bhashini, developed under Meity's National Language Translation Mission, stands for "Bhasha Interface for India."

Main Point :-   (i) The event was graced by S. Krishnan, Secretary of Meity and Chairman of NIXI, as the Chief Guest. Notable speakers included Tim Curtis (UNESCO), Samiran Gupta (ICANN), and Jaco Du Toit (UNESCO HQ).

      (ii) NIXI is a non-profit company under Section 8 of the Companies Act, 2013, aimed at enhancing internet services in India.

(iii) UA Day, established by ICANN in March 2023 with UASG's support, promotes Universal Acceptance (UA), ensuring that all valid domain names and email addresses, regardless of script or language, can be used by all internet-enabled systems globally.

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RBI Data Shows Net Claims of Non-Residents on India Increase by USD 11 Billion in Q3FY25.

The data indicated a decrease in foreign assets of Indian residents by USD 40.1 billion, along with a decrease in claims of non-residents in India by USD 29.1 billion. This resulted in an increase in India's total foreign liabilities.


      - RBI mentioned that the decrease in foreign assets of Indian residents during Q3FY25 was primarily due to a decline of USD 70.1 billion in reserve assets.


      - However, reserve assets saw an increase of USD 13.2 billion compared to December 2023.

     

Main Point :-   (i) According to the latest data from RBI, India's Current Account Deficit (CAD) slightly increased to USD 11.5 billion, accounting for 1.1% of the country's Gross Domestic Product (GDP) during Q3FY25, compared to USD 10.4 billion (1.1% of GDP) in Q3FY24, largely due to a rise in service exports.

      (ii) The data further revealed that India's foreign exchange reserves (FER) declined by USD 37.7 billion on a Balance of Payments (BoP) basis in Q3FY25, compared to an increase of USD 6.0 billion in Q3FY24.

About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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RBI Raises Liquidity Facility Limit for Standalone Primary Dealers to Rs 15,000 Crore.

In March 2025, the Reserve Bank of India (RBI), based in Mumbai (Maharashtra), announced an increase in the aggregate limit available to Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility at the existing repo rate. The limit will rise from Rs 10,000 crore to Rs 15,000 crore, effective from April 02, 2025. This decision was based on the assessment of prevailing and evolving liquidity conditions.


      - RBI also clarified that the limit for individual SPDs would be communicated separately, with all other terms and conditions remaining unchanged.


      - Previously, SPDs were permitted to participate only in all overnight liquidity management operations, except for the Marginal Standing Facility (MSF).

      - SPDs were also allowed to participate in other operations, such as long-term Variable Rate Repo (VRR) operations and daily VRRs, on a case-by-case basis.

Main Point :-   (i) A Primary Dealer (PD) refers to an RBI-registered Non-Banking Financial Company (NBFC) authorized to buy and sell Government Securities (G-Secs), as per the 'Guidelines for Primary Dealer in Government Securities Market' dated March 29, 1995.

      (ii) PDs in India are classified into two categories: Standalone Primary Dealers (SPDs) and Bank PDs. SPDs are entities either incorporated abroad, subsidiaries of Scheduled Commercial Banks (SCBs), or registered under the Companies Act as NBFCs.

(iii) The Standing Liquidity Facility is a window that allows SPDs to borrow money from RBI at the repo rate. Variable Rate Repo (VRR) is used to infuse short-term liquidity into the banking system, allowing banks to borrow at a rate lower than the repo rate for up to 14 days.

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Axis Bank and J.P. Morgan Introduce Blockchain-Based 24/7 Cross-Border Payment System.

In March 2025, Mumbai (Maharashtra)-based Axis Bank Limited, one of India's largest private sector banks, collaborated with New York (United States of America, USA)-based J.P. Morgan Chase & Co., a leading global financial services firm, to introduce real-time, 24/7 programmable USD clearing capabilities for its commercial clients.


      - The initiative is powered by Kinexys Digital Payments (KDP), the blockchain and digital assets unit of J.P. Morgan, enabling seamless cross-border payment solutions from Gujarat International Finance Tec-City (GIFT City), an International Financial Services Centre (IFSC) in Gujarat, India.


      - Axis Bank becomes the first Indian financial institution to offer near-real-time USD clearing for cross-border payments, allowing businesses to make or receive dollar payments anytime.

      - The platform leverages blockchain technology to enable multi-currency, 24/7 payment movements with programmable payments, reducing liquidity costs and enhancing cash management efficiency.

Main Point :-   (i) The round-the-clock USD clearing facility will be managed from Gujarat International Finance Tec-City (GIFT City), reinforcing India's position as a global financial hub.

      (ii) The integration of Kinexys Digital Payments (KDP) enables Axis Bank’s clients to streamline payments, unlock liquidity, and execute cross-border transactions seamlessly, while automated cash management and no-deduction payment rails further optimize payments and liquidity.

About Axis Bank Limited
Chief Executive Officer (CEO) : Amitabh Chaudhry
Headquarter : Mumbai
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Japanese Mathematician Masaki Kashiwara Wins the 2025 Abel Prize.

In March 2025, the Norwegian Academy of Science and Letters announced renowned Japanese mathematician Masaki Kashiwara (78 years old) as the winner of the 2025 Abel Prize in Oslo, Norway.


      - He received this award for his fundamental contributions to algebraic analysis and representation theory, specifically for the development of the theory of D-modules and the discovery of crystal bases.


      - With this, Masaki Kashiwara becomes the first Japanese person to be awarded the Abel Prize, also known as the "Nobel Prize for Mathematics," and the 28th recipient of this prestigious honor in the field of mathematics.

     

Main Point :-   (i) Norway's King Harald V will officially present the Abel Prize to Masaki Kashiwara during an award ceremony scheduled to be held on May 20, 2025, in Oslo, Norway.

      (ii) The recipient of the award receives a cash prize of 7.5 million Norwegian Krone (NoK), equivalent to USD 710,000, along with a glass plaque designed by Norwegian artist Henrik Haugan.

(iii) The prize is awarded annually by the Norwegian Academy of Science and Letters on behalf of the Ministry of Education (Norway).

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Dalai Lama Honored with Gold Mercury Award for Peace and Sustainability.

In March 2025, the renowned Tibetan spiritual leader, His Holiness Tenzin Gyatso, the 14th Dalai Lama, was conferred with the Gold Mercury Award for Peace and Visionary Governance 2025 by London (United Kingdom, UK)-based Gold Mercury International, a global governance think tank and historic award organization, at his residence in Dharamsala, Himachal Pradesh (HP).


      - He received this honor in recognition of his lifelong commitment to peace, compassion, education, and human rights.


      - The Gold Mercury Awards are presented by Nicolas De Santis, President and Secretary General of Gold Mercury International, which was established in 1961 and is dedicated to promoting visionary governance, sustainable decision-making, peace, and international cooperation.

      - The 14th Dalai Lama has received several prestigious awards, including the Nobel Peace Prize (1989) for his nonviolent struggle, the Ramon Magsaysay Award (1959) for Community Leadership, and the PV Narasimha Rao Memorial Award (2024) for his contributions to peace and leadership.

Main Point :-   (i) Gold Mercury International recognizes global leaders, individuals, companies, and organizations across eight award categories, including Global Health, Global Science & Technology, Global Culture, Global Resources, Global Economic & Social Policy, Global Peace & Security, Global Environment, and International Law & Humanitarian Affairs.

      (ii) Notable recipients of the Gold Mercury Award include former U.S. Presidents Ronald Reagan and Gerald Ford for their diplomatic efforts in nuclear disarmament, as well as Prof. Robert Gallo, the American biomedical researcher who discovered the Human Immunodeficiency Virus (HIV) as the cause of AIDS.

(iii) Other prominent awardees include global organizations like the United Nations Children Fund (UNICEF) and the Red Cross for their humanitarian contributions worldwide.

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Federal Bank Increases Stake in Ageas Federal Life Insurance by 4%.

In March 2025, Aluva (Kerala)-based Federal Bank Limited signed a binding Memorandum of Understanding (MoU) with Belgium-based Ageas Insurance International NV and Ageas Federal Life Insurance Company Limited (AFLIC) to acquire an additional 4% stake in AFLIC from Ageas Insurance International NV.


      - The Reserve Bank of India (RBI) has approved Federal Bank's plan to increase its stake in AFLIC from 26% to 30% for up to Rs. 105 crore.


     

     

Main Point :-   (i) The acquisition is subject to signing a Share Purchase Agreement (SPA), fulfilling conditions outlined in the SPA, and obtaining necessary regulatory approvals.

      (ii) AFLIC is a joint venture between Ageas Insurance International NV and Federal Bank Limited, offering life insurance products and services across India.

About Federal Bank Limited
MD & CEO : KVS Manian
Headquarters: Aluva, Kerala
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India Won 10 Medals at 2025 Asian Wrestling Championships, Manisha Bhanwala Clinches Gold.

The Indian freestyle wrestling team concluded the 2025 Senior Asian Wrestling Championship held in Amman, Jordan, from March 25 to 30, 2025, with a total of 10 medals, including 1 Gold, 3 Silver, and 6 Bronze. This was the 21st edition of the championship, organized by United World Wrestling (UWW), Switzerland.


      - Manisha Bhanwala (Women's Wrestling - 62 kg) won India’s first and only Gold medal at the championship, defeating North Korea’s Ok J. Kim with a hard-fought 8-7 victory.


      - The 2025 Asian Wrestling Championships saw participation from over 370 wrestlers across Asia. Iran dominated the event, with multiple wrestlers reaching the finals. This was the first time Amman, Jordan, hosted the championship.

     

Main Point :-   (i) Udit (Freestyle - 61 kg) secured his 2nd consecutive silver medal, after winning silver in the 57 kg category in 2024.

      (ii) Olympian Deepak Punia (Freestyle - 92 kg) clinched silver, losing to Iran's Amir Hossein Firouzpour (10-0) via technical superiority in the final. This was his 5th medal and 3rd silver at the continental championships.

(iii) Sunil Kumar (Greco-Roman - 87 kg) won bronze, marking his 5th senior medal and 3rd bronze at the Asian Wrestling Championships, having also won bronze in 2022 and 2023.

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Gurindervir Singh Breaks Men's 100m National Record at Indian Grand Prix 1.

In March 2025, Gurindervir Singh, a 24-year-old sprinter from Patial village, Jalandhar, Punjab, set a new national record in the men's 100m event at the Indian Grand Prix 1 held at the SAI South Centre in Bengaluru, Karnataka. Representing the Reliance Foundation High Performance Centre, Gurindervir Singh clocked 10.20 seconds, surpassing the previous national record of 10.23 seconds set by Manikanta Hoblidhar in October 2023.


      - Gurindervir Singh clinched the Gold with a time of 10.20 seconds, setting a new national record.


      - Manikanta Hoblidhar secured the Silver with a personal best of 10.22 seconds, while Amlan Borgohain won the Bronze with a time of 10.43 seconds.

     

Main Point :-   (i) Gurindervir Singh's previous personal best was 10.27 seconds, set in 2021. He made a strong comeback by winning gold at the 2024 Federation Cup with a wind-assisted 10.33 seconds and later clocked 10.32 seconds at the National Inter-State Championships in June 2024.

      (ii) His record-breaking performance not only establishes him as India's fastest man but also meets the entry standard of 10.25 seconds for the 26th Asian Athletics Championships, scheduled for May 2025 in Gumi, South Korea.

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Anahat Singh Wins Indian Open Squash Women's Championship Title.

In March 2025, Anahat Singh, India's top-ranked women's squash player, clinched the JSW Indian Open women's singles title at the Bombay Gymkhana in Mumbai, Maharashtra. The 17-year-old secured victory by defeating Helen Tang from Hong Kong, China, in a straight-game win of 11-9, 11-5, 11-8.


      - This triumph marks Anahat’s sixth consecutive title and her 11th Professional Squash Association (PSA) title overall, showcasing her dominance in the sport.


      - The win awarded Anahat 300 ranking points, further strengthening her position at the top of Indian women's squash.

      - Anahat Singh has made remarkable progress in her squash career, gaining recognition as the youngest Indian athlete at the 2022 Commonwealth Games. She later won the senior national championship in November 2023 and secured her third British Junior Open title in January 2025.

Main Point :-   (i) The Indian Open 2025, a PSA Copper event with a prize pool of USD 53,500, was held at the historic Bombay Gymkhana from March 24 to 28, 2025.

      (ii) The tournament featured both men's and women's categories, with quarterfinals onwards played on a full-glass outdoor court.

(iii) In the men’s singles final, Kareem El Torkey of Egypt defeated India’s Abhay Singh with a score of 12-10, 11-4, 7-11, 12-10, securing his sixth PSA title and earning 500 ranking points.

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International Transgender Day of Visibility Observed on 31 March 2025.

International Transgender Day of Visibility (TDOV) is celebrated annually on March 31 to honor the courage, resilience, and achievements of transgender, nonbinary, and gender non-conforming individuals. The day highlights their contributions across cultures and countries worldwide. It also aims to raise awareness about the challenges faced by the transgender community, including poverty, discrimination, and violence, while advocating for their rights and protection.


      - The day encourages visibility for transgender people, offering a platform to acknowledge their struggles and progress. It emphasizes the need for societal acceptance and legal protection for transgender individuals.


      - The transgender pride flag, designed by American activist Monica Helms in 1999, symbolizes transgender diversity and rights. The flag consists of five horizontal stripes, with pink and blue representing traditional colors for girls and boys, and a white stripe in the middle symbolizing people who are intersex, transitioning, or without a defined gender.

      - The observance of TDOV serves as a reminder to continue advocating for equality and fairness for the transgender community globally.

Main Point :-   (i) The International Transgender Day of Visibility was founded in 2009 by Rachel Crandall Crocker, an American transgender activist and licensed psychotherapist specializing in transgender issues.

      (ii) She is the Executive Director and Co-founder of TransGender Michigan, based in the USA, and operates the first transgender helpline in the country.

(iii) The inaugural observance of the International Transgender Day of Visibility took place on 31 March 2009.

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Odisha CM Naveen Patnaik Launches 'Antyodaya Gruha Yojana' in Kalahandi.

Odisha CM Mohan Charan Majhi launched the "Antyodaya Gruha Yojana" in March 2025, a housing initiative aimed at improving the living conditions of underprivileged citizens and supporting the mission of "Housing for All."


      - The scheme will spend Rs 7,550 crore over three years to construct over 5 lakh houses for eligible households in the state.


      - Each beneficiary will receive Rs 1.20 lakh for constructing pucca (permanent) houses, ensuring better living standards.

      - Under the scheme, beneficiaries will also receive key services such as toilets (Swachh Bharat Mission), LPG connections (PMUY), clean drinking water (JJM), and electricity (Saubhagya Yojana).

Main Point :-   (i) The scheme prioritizes households from disadvantaged groups, including persons with disabilities, widows, and those affected by natural disasters or development projects.

      (ii) A budget of Rs 2,600 crore has been allocated for the current financial year, with the remaining funds allocated over the next three years, aiming to provide homes for over 26 lakh people.

(iii) CM Majhi also inaugurated developmental projects worth Rs 617.51 crore, including the Juluko in-stream storage structures and a Rs 52 crore grid sub-station at Brundabahal, improving water and power infrastructure in Kalahandi.

About Odisha
Chief Minister : Mohan Charan Majhi
Governor : Hari Babu Kambhampati
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Uttarakhand Introduces 'Bhagirath Mobile App' Under Jal Sanrakshan Abhiyan 2025 to Conserve Water Sources.

In March 2025, Uttarakhand Chief Minister (CM) Pushkar Singh Dhami launched the "Bhagirath Mobile Application" (app) during a one-day workshop under the Jal Sanrakshan Abhiyan 2025 at Mukhya Sevak Sadan in Dehradun. The app enables users to report water sources in their localities that are at risk or in critical condition.


      - The event was held with the theme "Dhara Mera, Naula Mera, Gaon Mera, Prayas Mera" (meaning "My Stream, My Water Source, My Village, My Effort"). Jal Sanrakshan Abhiyan 2025 aims to conserve water through Dhara Naula Committees and workshops, promoting sustainable management and revitalizing water sources.


      - The Uttarakhand government established the Spring and River Rejuvenation Authority (SARA) in 2023. SARA has conserved over 6,500 water sources and harvested 3.12 million cubic meters (MCM) of rainwater in 2024-25.

      - It works to safeguard Uttarakhand's natural water sources like Naulas (traditional water springs), Dharaas (streams), and rain-fed rivers. Additionally, SARA is collaborating with the Central Ground Water Board to recharge groundwater levels in the plains.

Main Point :-   (i) In the first phase of river rejuvenation, detailed project reports are being prepared with the assistance of the Indian Institute of Technology (IIT) Roorkee and the National Institute of Hydrology (NIH) Roorkee.

      (ii) These reports focus on the technical and scientific treatment of rivers in Uttarakhand, including the Nayar, Song, Uttarvahini Shipra, and Gauri rivers.

About Uttarakhand
Chief minister: Pushkar Singh Dhami
Governor: Gurmit Singh
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Chhattisgarh Partners with NASSCOM to Enhance Skill Development and IT Ecosystem.

In March 2025, the Government of Chhattisgarh signed a Memorandum of Understanding (MoU) with the National Association of Software and Service Companies (NASSCOM) based in Noida, Uttar Pradesh, to enhance skill development, generate employment, and strengthen the state's IT ecosystem.


      - The MoU was formalized between the Chhattisgarh Government and NASSCOM, with Chief Minister Vishnu Deo Sai engaging with NASSCOM Vice-President Srikant Srinivasan during the Investors Connect meet in Bengaluru.


     

     

Main Point :-   (i) The MoU aims to improve job opportunities and foster technological advancements in the state through institutions like IIT Raipur, NIT Raipur, and AIIMS Raipur.

      (ii) As part of the new industrial policy, proposals worth Rs. 4.4 lakh crore have been received, with Naya Raipur being developed as an IT hub.

(iii) Key sectors such as engineering, textiles, electronics, IT/ITES, food processing, and green fuel have attracted proposals worth Rs. 3,700 crore.

About NASSCOM
Chairperson: Sindhu Gangadharan
Headquarters : Noida
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India Initiates 'Operation Brahma' to Provide Relief to Earthquake-Stricken Myanmar.

In response to the catastrophic 7.7 magnitude earthquake that struck Myanmar on March 28, India launched Operation Brahma to provide immediate humanitarian assistance. Within 24 hours, the Indian Air Force (IAF) deployed its first relief flight, a C-130J aircraft, to Yangon, Myanmar.


      - The flight carried 15 metric tons of essential supplies, including medical equipment, shelter materials, and ready-to-eat food, to aid those impacted by the disaster.


      - Additionally, India dispatched two naval ships, INS Satpura and INS Savitri, which are carrying 40 tonnes of humanitarian aid to Yangon.

     

Main Point :-   (i) Additionally, on March 30, 2025, INS Karmuk and LCU 52 from the Andaman and Nicobar Command set sail with 52 tonnes of relief material, including food, water, clothing, medicines, and emergency supplies.

      (ii) The Indian Navy remains committed to its role as the region's First Responder in humanitarian assistance and disaster relief (HADR) efforts.

(iii) The Ministry of External Affairs (MEA) spearheaded the mission, reinforcing India's "neighbourhood first" policy and its dedication to promptly assisting neighbouring countries.

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Chandrasekaran Appointed to IMF's Advisory Council on Entrepreneurship and Growth.

In March 2025, Natarajan Chandrasekaran, Chairman of Mumbai (Maharashtra)-based Tata Sons Limited, was appointed to the International Monetary Fund's (IMF) Advisory Council on Entrepreneurship and Growth.


      - Natarajan Chandrasekaran, an Indian businessman, was born in 1963 in Namakkal, Tamil Nadu (TN). He served as Chief Operating Officer (COO) and Executive Director of Tata Consultancy Services (TCS) before becoming its Chief Executive Officer (CEO) in 2009.


      - In 2017, Chandrasekaran was appointed Chairman of Tata Sons and later became the Chairman of Tata Motors and Tata Global Beverages (TGB). He also assumed the chair of G20 India in 2022, leading the business agenda during India's G20 presidency. Additionally, he served on the Board of the Reserve Bank of India (RBI) in 2016.

      - The International Monetary Fund (IMF) established the Advisory Council on Entrepreneurship and Growth in March 2025 to address global economic challenges, particularly declining productivity and sluggish growth. The council plays a vital role in developing strategies for economic growth.

Main Point :-   (i) The council is led by IMF Managing Director (MD) Kristalina Georgieva and focuses on shaping macroeconomic and financial policies that foster productivity, innovation, and sustainable economic growth worldwide.

      (ii) This advisory council comprises experts from business, finance, academia, and policymaking who collaborate to support innovation, entrepreneurship, and productivity globally, ensuring sustainable economic development.

(iii) The IMF's Advisory Council on Entrepreneurship and Growth includes prominent global leaders such as Professor Ufuk Akcigit (University of Chicago), HRH Ambassador Reema Bandar Al-Saud (Saudi Arabia's Ambassador to the USA), Marc Benioff (CEO of Salesforce), Ana Botin (Executive Chair of Banco Santander), Natarajan Chandrasekaran (Chairman of Tata Group), Margherita Della Valle (CEO of Vodafone Group), Tony O. Elumelu (Founder of Heirs Holdings), Robert Smith (CEO of Vista Equity Partners), and Federico Sturzenegger (Argentina’s Minister of Deregulation and State Transformation).

About the International Monetary Fund (IMF)
Managing Director (MD) : Kristalina Georgieva
Headquarter : Washington, D.C., United States of America (USA)
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Telangana and Himachal Pradesh Sign MoU for 520 MW Hydropower Project.

In March 2025, Telangana State Power Generation Corporation Limited (TSGENCO), based in Hyderabad (Telangana), signed a Memorandum of Understanding (MoU) with the Government of Himachal Pradesh (HP) for the development of two hydropower projects—Seli (400 Megawatt, MW) and Miar (Meyar) (120 MW)—to boost Telangana's renewable energy capacity.


      - The projects will be developed in the Lahaul-Spiti district of HP at an estimated cost of Rs. 6,200 crore.


      - The MoU was signed by Rakesh Kanwar, Secretary of Power, HP, on behalf of the HP Government, and Sandeep Kumar Sultania, Principal Secretary of Power, Telangana, on behalf of the Telangana Government.

      - The signing ceremony was attended by Chief Minister of HP Sukhvinder Singh Sukhu, Deputy CM Bhatti Vikramarka Mallu, and Telangana's Energy Minister.

Main Point :-   (i) The hydropower projects, located on the Chenab River, will create 5,000 direct and indirect employment opportunities in Himachal Pradesh. Telangana has paid an upfront premium of Rs. 26 crore and will provide free power to Himachal Pradesh at varying percentages over the next 40 years, after which both projects will be transferred to Himachal Pradesh.

      (ii) Telangana will also contribute 1.5% of the project costs to the Local Area Development Fund (LADF) and offer an additional 1% of free power for LADF after commissioning. Affected families will receive benefits equivalent to 100 units per month for 10 years.

(iii) The projects will harness the perennial waters of Himachal Pradesh's Himalayan rivers, which provide hydropower generation for 9-10 months annually, aligning with Telangana's Clean & Green Energy Policy 2025 for sustainable energy development.

About Telangana State Power Generation Corporation Limited (TSGENCO)
Chairman and Managing Director (CMD): Sandeep Kumar Sultania
Headquarters : Hyderabad, Telangana
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