Current Affairs: January 2025, Week 4

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Questions and Answers

Which initiative did Union Minister Gajendra Singh Shekhawat inaugurate at the Allahabad Museum?

  • The 'Bhagwat' Exhibition (correct)
  • The 'Vasudev Krishna' Series
  • The 'Shashwat Kumbh' Exhibition
  • The 'Kala Gram' Initiative

What is the primary function of LISA, launched by Ashwini Vaishnav?

  • To monitor train schedules in real-time
  • To handle customer complaints regarding railway services
  • To inspect and sort linens in AC coaches (correct)
  • To manage passenger ticketing

What is the purpose of the 'Digital Tree Aadhaar' initiative in Jammu & Kashmir?

  • To increase agricultural output
  • To promote tourism in the region
  • To create new forest areas
  • To document and conserve Chinar trees (correct)

Which entities collaborated to develop the KaWaCHaM system in Kerala?

<p>KSDMA, NDMA, and World Bank (D)</p> Signup and view all the answers

What is the main objective of the GIFT IFI and GIFT IFIH inaugurated in Gujarat?

<p>To foster fintech talent and innovation (B)</p> Signup and view all the answers

As of January 2025, which state became the first in independent India to implement the Uniform Civil Code (UCC)?

<p>Uttarakhand (C)</p> Signup and view all the answers

What is the primary aim of the 'Veer Gatha' competition?

<p>To educate students about the bravery of gallantry award winners (A)</p> Signup and view all the answers

What are the key objectives of the “ISNR” and “INR Konnect” projects announced by the Rubber Board?

<p>To align rubber production with EU standards and connect untapped rubber holdings (B)</p> Signup and view all the answers

What is the main goal of the 'VisionNxt' platform developed by the Ministry of Textiles at NIFT Hyderabad?

<p>To analyze fashion trends using AI and EI (B)</p> Signup and view all the answers

What is the revised reserve price per quintal for rice sold to ethanol distilleries under the 'Open Market Sale Scheme'?

<p>Rs 2,250 (D)</p> Signup and view all the answers

What is the primary objective of the “Samman Sanjeevani" app launched by Haryana?

<p>To track the timely delivery of sanitary napkins (D)</p> Signup and view all the answers

What is the main purpose of the enhanced 'Certificate of Origin (eCoO) 2.0 System'?

<p>To simplify certification process for exporters (C)</p> Signup and view all the answers

What type of goods does the E-Way Bill (EWB) in Kerala apply to?

<p>Gold and precious stones worth Rs 10 lakh and above (A)</p> Signup and view all the answers

What is the target of household installations under the “PM Surya Ghar” scheme by March 2027?

<p>1 crore (A)</p> Signup and view all the answers

What is the government's advanced target for achieving 20% ethanol blending in petrol?

<p>ESY 2025-2026 (D)</p> Signup and view all the answers

What is the significance of the term 'missing middle' in the context of the Pradhan Mantri Jan Arogya Yojana (PM-JAY)?

<p>Refers to a population segment that's not poor enough to receive state-subsidized benefits (A)</p> Signup and view all the answers

Which company has become the first in India to develop pipes for hydrogen transportation?

<p>Tata Steel (B)</p> Signup and view all the answers

What is the main objective of proclaiming 2025 as the 'International Year of Glaciers' Preservation'?

<p>To raise awareness of the role of glaciers (B)</p> Signup and view all the answers

Which country has India, as an observer state, officially joined in regard to a Remotely Piloted Aircraft System programme?

<p>The 'Eurodrone programme' (C)</p> Signup and view all the answers

Which country has the World Health Organization (WHO) certified as malaria-free?

<p>Georgia (A)</p> Signup and view all the answers

Which agreement did India and Oman sign a protocol to amend to align with international standards on cross-border taxation?

<p>The 'Double Taxation Avoidance Agreement (DTAA)' (D)</p> Signup and view all the answers

Which country is Larsen & Toubro (L&T) constructing its first Al-enabled data center?

<p>Uzbekistan (D)</p> Signup and view all the answers

For how long has Rakesh Sharma been reappointed as Managing Director and Chief Executive Officer (MD & CEO) of IDBI Bank?

<p>3 years (D)</p> Signup and view all the answers

What measure will the Reserve Bank of India (RBI) undertake to alleviate liquidity tightness in the banking system?

<p>Conduct Variable Rate Repo (VRR) auctions (D)</p> Signup and view all the answers

Which digital payments app has partnered with the FinTech Yatra 2025 to advance financial inclusion and digital literacy?

<p>BHIM (C)</p> Signup and view all the answers

Under what circumstance is a bank account classified as 'inoperative'?

<p>If there are no customer-induced transactions for 24 months (D)</p> Signup and view all the answers

What is unique about the 'FIRST EA쿳N RuPay Credit Card' launched by IDFC FIRST Bank?

<p>It is obtained by securing a Fixed Deposit (FD) (B)</p> Signup and view all the answers

Which regulatory compliance-related deficiencies led to the Reserve Bank of India (RBI) penalizing J&K Bank, Bank of India, and Canara Bank?

<p>Financial inclusion and access to banking services (C)</p> Signup and view all the answers

What was a key characteristic of the surge in complaints from banking customers, as indicated in RBI's report on the Integrated Ombudsman Scheme?

<p>Highest number of complaints related to loans and advances (B)</p> Signup and view all the answers

What is the name of the digital knowledge repository launched by SEBI?

<p>Dharohar (D)</p> Signup and view all the answers

What key change does the new 'Unified Pension Scheme (UPS)' bring to workers under the 'National Pension System (NPS)'?

<p>Assurance of 50% of salary as pension (D)</p> Signup and view all the answers

According to the GlobalData report, which bank had the largest market capitalization from an Indian bank?

<p>HDFC Bank (B)</p> Signup and view all the answers

What transition is Slice, a fintech company, set to undergo following its merger with North East Small Finance Bank?

<p>Rebranding as a small finance bank (B)</p> Signup and view all the answers

What is the main focus of the 'Arya' insurance plan introduced by Narayana Health Insurance?

<p>Preventive care (D)</p> Signup and view all the answers

What is the key offering of Tata AIA Life Insurance's 'Shubh Muhurat' plan?

<p>Saving for child's wedding (C)</p> Signup and view all the answers

What is 'CheQ Wisor' designed to provide its users?

<p>Personalized credit card insights (C)</p> Signup and view all the answers

What innovation have MobiKwik and Cred introduced to their platforms?

<p>Central bank digital currency (CBDC) wallets (C)</p> Signup and view all the answers

What measures has the RBI announced to inject more than Rs 1.5 lakh crore into money markets?

<p>Govt bond buy-back, variable repo auction, and US dollar-rupee swap (B)</p> Signup and view all the answers

What does it mean that PNB (Punjab National Bank) becomes the first Indian bank to be integrated with Clari5's revolutionary NCRP Integration Solution?

<p>It integrates seamlessly with the Indian Cybercrime Coordination Centre’s (I4C’s) National Cybercrime Reporting Portal (NCRP) (D)</p> Signup and view all the answers

What is the aim of the "Frictionless Finance Accelerator Programme" launched by YES Bank, RBIH, and SPJIMR?

<p>To promote fintech innovation and financial inclusion (C)</p> Signup and view all the answers

What’s the name of Birla Institute of Management Technology’s (BIMTECH) blockchain-based digital currency?

<p>BIMCoin (D)</p> Signup and view all the answers

What is the rate of interest applied to the government of India Floating Rate Bonds, 2035 (GOI FRB 2035)?

<p>6.66 (D)</p> Signup and view all the answers

Which fund is “Kotak MSCI India ETF (Exchange-Traded Fund)” by Kotak Mahindra Asset Management Company replicating?

<p>First fund replicating MSCI India Index (D)</p> Signup and view all the answers

The RBI-DPI (Digital Payments Index) measures which parameter?

<p>Digital payments adoption (C)</p> Signup and view all the answers

What is the purpose of the 'Integrated Sebi Portal for Technical Glitches (iSPOT)'?

<p>Collect and report tech glitches (D)</p> Signup and view all the answers

What is the primary role of Information Utilities (IUs) according to IBBI's (Insolvency and Bankruptcy Board of India) amended guidelines?

<p>High quality information about debts and defaults (C)</p> Signup and view all the answers

What does the battlefield surveillance system (BSS) “Sanjay” provide to the commanders?

<p>A common surveillance picture over satelite network (A)</p> Signup and view all the answers

Which missile will be showcased in the Republic Day?

<p>surface-to-surface short-range ballistic missile (SRBM), “Pralay” (A)</p> Signup and view all the answers

Flashcards

Gajendra Singh Shekhawat

Inaugurated Bhagwat exhibition based on miniature paintings at Allahabad Museum.

LISA

Inspects and sorts linens in AC coaches using AI.

Digital Tree Aadhaar

J&K initiative assigning 'Tree Aadhaar numbers' to heritage maple trees.

KaWaCHaM

Launched India's 1st integrated disaster risk warning system in Kerala.

Signup and view all the flashcards

Bhupendra Patel

Inaugurated GIFT International Fintech Institute (IFI) & Innovation Hub (IFIH) in Gujarat.

Signup and view all the flashcards

Uttarakhand

1st state in independent India to implement Uniform Civil Code (UCC)

Signup and view all the flashcards

Rajnath Singh

Felicitated winners of Veer Gatha competition with Dharmendra Pradhan

Signup and view all the flashcards

Rubber Board

Announced new rubber industry projects, iSNR and INR Konnect.

Signup and view all the flashcards

NIFT Hyderabad

Indian state celebrating its 40th anniversary in Hitec City

Signup and view all the flashcards

Pralhad Joshi

Announced revision to Open Market Sale Scheme (Domestic) Policy

Signup and view all the flashcards

Haryana

Launched Samman Sanjeevani app of Mahila Evam Kishori Samman Yojana

Signup and view all the flashcards

DGFT

Launched the enhanced Certificate of Origin (eCOO) 2.0 System.

Signup and view all the flashcards

Kerala

1st state to introduce E-Way Bill for gold transportation.

Signup and view all the flashcards

PM Surya Ghar

8.5 lakh households have installed rooftop solar connections.

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Ethanol Blending

Advanced target of 20% ethanol blending in petrol to ESY 2025-2026.

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PM-JAY

Free hospitalisation benefits worth over Rs 1.2 lakh Cr provided.

Signup and view all the flashcards

Tata steel

Became India's 1st steel company to develop pipes for hydrogen transportation

Signup and view all the flashcards

UNGA

Proclaimed 2025 as the International Year of Glaciers' Preservation.

Signup and view all the flashcards

India

Officially joined Medium Altitude Long Endurance Remotely Piloted Aircraft System.

Signup and view all the flashcards

Georgia

Officially certified as malaria-free by WHO.

Signup and view all the flashcards

India and Oman

Signed a protocol to amend the Double Taxation Avoidance Agreement.

Signup and view all the flashcards

Larsen & Toubro

L&T to Construct Uzbekistan's 1st AI-enabled data centre.

Signup and view all the flashcards

Rakesh Sharma

Was reappointed as MD & CEO of IDBI Bank

Signup and view all the flashcards

Reserve Bank of

India to Alleviate Liquidity Tightness

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services limited

Partnered with FinTech Yatra to advance inclusion.

Signup and view all the flashcards

Inoperative accounts

Banks should turn inoperative by December 2024 Under the Pradhan Mantri Jan Dhan Yojana.

Signup and view all the flashcards

IDFC first Bank

has launched a UPI-enabled FIRST Eaurn RuPay Credit Card obtained by securing an FD

Signup and view all the flashcards

The Reserve Bank of

Penalised J and K Bank, BOI, and CB for Definciiences in Regulatory Compliance to the nation.

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Integrated Ombudsman

32.81% surge in complaints. Surpassing 9.34 in amount during march the fiscal year 2024

Signup and view all the flashcards

The Securities and Exchange

Board has announced a digital knowledge repository for knowledge named to the Securities.

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Union finance

new Pension Scheme has been released By The Ministry under

Signup and view all the flashcards

Banks 3 Indian

Ended 4th of the following for market capitalisation.

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slice

after integration with north east banks SFB.

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Study Notes

  • Smartkeeda presents the Full-Length Current Affairs MockDrill Series for January 2025, Weekly CA PDF 4 in English.

National & States Affairs

  • Gajendra Singh Shekhawat inaugurated the "Bhagwat" exhibition at the Allahabad Museum, showcasing miniature paintings.
  • The Allahabad Museum curated the "Bhagwat" exhibition, a series of 75 miniature paintings focused on the Leelas, Avatars, and Stories from the 12 Bhagwats of Lord Vasudev Krishna.
  • Rajesh Prasad is the Director of the Allahabad Museum.
  • Ashwini Vaishnav launched 'LISA', an Al system for inspecting linens in AC coaches at Ghorpadi Integrated Coaching Complex (GICC), Pune.
  • 'LISA' (Linen Inspection and Sorting Assistant) was developed by the Pune division of Indian Railways.
  • Indian Railways set up a 'Gram Tent City' near bathing ghats during Mahakumbh 2025, offering premium accommodations for Rs 6,000 plus taxes per person per night.
  • The Jammu & Kashmir (J&K) Forest Department, with J&K Forest Research Institute (JKFI), assigned 'Tree Aadhaar numbers' to heritage maple trees ('Chinar' or 'boonyi') under the "Digital Tree Aadhaar" initiative.
  • The "Digital Tree Aadhaar" initiative, launched in 2021, geo-tagged 28,560 trees to document and conserve Chinar trees, which are a deciduous species from the Platanaceae family with a height of 30 metres.
  • Kerala CM Pinarayi Vijayan launched “KaWaCHaM”, India's 1st fully integrated disaster risk warning system, at Kerala State Disaster Management Authority HQs, Thiruvananthapuram.
  • The “KaWaCHaM" system (Kerala Warnings, Crisis and Hazard Management System), developed by KSDMA with NDMA and World Bank, aims to provide real-time warnings and alerts via 126 sirens at the taluk level.
  • Bhupendra Patel inaugurated the “GIFT International Fintech Institute (GIFT IFI)” and “GIFT International Fintech Innovation Hub (GIFT IFIH)" at GIFT City, Gandhinagar, Gujarat.
  • The initiative to set up the GIFT IFI and GIFT IFIH is supported by the Asian Development Bank (ADB).
  • From January 27, 2025, Uttarakhand will become the 1st state in independent India to implement the Uniform Civil Code (UCC).
  • The 'Uttarakhand Uniform Civil Code Act, 2024' will streamline personal laws and fix the minimum legal age for marriage at 21 for men and 18 for women.
  • Union Ministers Rajnath Singh and Dharmendra Pradhan felicitated 100 'Super-100' winners of the 4th "Veer Gatha” competition, launched in 2021, with each winner receiving a cash prize of Rs 10,000.
  • MoS for Defence Sanjay Seth gave away prizes to the winners of the ‘National School Band' competition: the 1st prize in 'Pipe Band Girls' went to Kasturba Gandhi Balika Vidyalaya, Jharkhand, and the 1st prize in 'Pipe Band Boys' went to City Montessori School, UP.
  • At Kottayam, during the valedictory session, the Rubber Board announced 2 new projects: “iSNR (Indian Sustainable Natural Rubber)" & "INR Konnect".
  • At Hitec City, Hyderabad, NIFT Hyderabad celebrated its 40th anniversary with director Prof. Dr Malini Divakala highlighting "VisionNxt", developed by the Ministry of Textiles, which uses Al & El to analyze fashion trends.
  • Pralhad Joshi announced a revision to the "Open Market Sale Scheme (Domestic) Policy" for 2024-25, aimed to enhance food security and boost ethanol production.
  • As of March 2024, 98% of fuel used in road transportation is sourced from fossil fuels, while only 2% is provided by biofuels.
  • Haryana launched the “Samman Sanjeevani" app for the 'Mahila Evam Kishori Samman Yojana' to track facilities being provided to BPL women and girls aged 10-45 years for sanitary napkins via Anganwadi centers and schools.
  • The Directorate General of Foreign Trade (DGFT) launched the enhanced “Certificate of Origin (eCoO) 2.0 System", to simplify certification for exporters and enhance trade efficiency.
  • From January 1, 2025, electronic filing of Non-Preferential Certificates of Origin is now mandatory via eCoO 2.0 platform.
  • Kerala became the 1st state to introduce E-Way Bill (EWB), mandatory for movement of gold & precious stones costing Rs 10 lakh & above w.e.f. 20th Jan'25.
  • As nearly a year after launching the "PM Surya Ghar" scheme, Pralhad Joshi reports 8.5 lakh households have installed rooftop solar, with the scheme projected to reach 1 crore household installations by March 2027, subsidizing 60% of the solar unit cost for systems up to 2 kW capacity.
  • The Cabinet Committee on Economic Affairs (CCEA) approved the revision of ethanol procurement prices for Public Sector Oil Marketing Companies (OMCs) under the "Ethanol Blended Petrol (EBP)" Programme.
  • According to official data, free hospitalisation benefits worth over Rs 1.2 lakh Cr have been provided under "PM-JAY” since its launch in Sep 2018, benefiting more than 85.97 million people with healthcare worth Rs 5 lakhs.
  • Tata Steel became India's 1st steel company to develop pipes for hydrogen transportation and the API X65 grade pipes are processed at Tata Steel's Khopoli plant in Maharashtra.

International Affairs

  • The UN General Assembly proclaimed 2025 as the “International Year of Glaciers' Preservation" and established March 21 as 'World Day for Glaciers', with UNESCO and WMO leading the international efforts supported by 75+ int. organizations & 35 countries.
  • India officially joined the “Medium Altitude Long Endurance Remotely Piloted Aircraft System (MALE RPAS)" or "Eurodrone programme", managed by Organisation for Joint Armament Cooperation (OCCAR), based in Germany.
  • The World Health Organization (WHO) announced Georgia has officially been certified as malaria-free, being the 45th country and the 1st in WHO European Region to achieve this status.
  • India and Oman signed a protocol to amend the "Double Taxation Avoidance Agreement (DTAA)", in which taxpayers in both countries can avoid being taxed twice for the same income.

Banking, Finance, Insurance & Economic Affairs

  • Larsen & Toubro has secured a significant order to construct Uzbekistan's 1st Al-enabled & sustainable 10 MW data centre in Tashkent.
  • IDBI Bank's Board reappointed Rakesh Sharma as MD & CEO of IDBI Bank for 3 years w.e.f. Mar 19, 2025.
  • The Reserve Bank of India (RBI) is conducting 2 Variable Rate Repo (VRR) auctions amid systemic liquidity deficits to alleviate liquidity tightness in the banking system.
  • BHIM partnered with the FinTech Yatra 2025 as a Principal Partner to advance financial inclusion & digital literacy, is powered by NPCI BHIM Services Ltd (NBSL).
  • In Jan Dhan Yojana accounts, over 1 in every 5 accounts (21%) have become inoperative with Bank of Baroda has the highest number of inoperative accounts – that’s 29 million.
  • IDFC FIRST Bank + RuPay launched “FIRST EAON RuPay Credit Cad”, obtained by securing an FD with Customers getting yearly interest of 7.25%.
  • The RBI penalized Jammu & Kashmir Bank, Bank of India, & Canara Bank for deficiencies in regulatory compliance.
  • As per the RBI’s annual report on the "Integrated Ombudsman Scheme (IOS) increasing banking customer complaints by 32.81%, reaching 9.34 lakh during year ended Mar 2024 with Loan and advances accounting for 29.01% of them.
  • SEBI launched a digital knowledge repository, "Dharohar - Milestones in the Indian securities market".
  • The Union Finance Ministry notified the new “Unified Pension Scheme (UPS)" workers covered by 'NPS', effective from April 1, 2025.
  • GlobalData report finds 3 Indian banks (HDFC Bank, ICICI Bank, SBI) among the top 25 global banks in market capitalization for q4 2024.
  • Slice is set to rebrand as "Slice Small Finance Bank Limited (Slice SFB)", following merger with North East SFB, and to raise funding of $250-$300 million.
  • Narayana Health Insurance introduced “Arva” insurance plan.
  • Tata AIA Life Insurance launched “Shubh Muhurat" to help parents save for their child's wedding
  • CheQ, the leading credit management platform, unveiled “CheQ Wisor", the country's first Al-powered credit card expert tool.
  • MobiKwik + Cred = launched “e wallets” by partnering with RBI and Yes Bank to be first non-banks to offer CBDC, supports txn of Rs 10,000 with daily limit Rs 50,000 .
  • The RBI’s measures to inject over Rs 1.5 lakh crore into money markets marks the greatest monetary easing in covid -19 crisis.
  • Punjab National Bank(PNB) became became the first Indian bank to go live with Clari5 "advanced NCRP Integration Solution".
  • YES Bank collaborated with RBI Hub to promote Fintech innovations.
  • YES Bank + RBIH + SPJIMR = to launch "Frictionless Finance Accelerator Programme" promote Fintech innovations & spur financial inclusion in India.
  • Birla Institute of Management Technology (BIMTECH) introduced 1st blockchain-based digital currency, “BIMCOIN”, which is designed exclusively for the BIMTECH's ecosystem.
  • Reserve Bank of India fixed an interest of 6.6 % on Government of India Floaring Rate Bonds ending 2035 and set to the Reserve bank of India.
  • (Kotak Mutual Fund) has launched Kotak MSCI India ETF is first fund replicate India’s MSCI with is ( passive assets.
  • Reserve Bank of India composed Digital Payments Index which increased by 465. 33 for for month of Sept 2024 from previous of 445.
  • SEBI (Exchange Borad) has introduced a wed based portal “Integrated Seib portal Technical Glitches(isport)”.
  • According to (IBBI) Indian utilitiescan use to verify the identity of users.

Defence Affairs

  • Rajnath Singh has flagged off “Sanjay”, a battlefield surveillance system jointly made by India army and BEL(Bharat electronics limited).

Sports & Games

  • jannik Sinner and liga Swiatek won International Tennis” 2024”world champions award.
  • Manush Saha secured 86th senior nationals India.
  • 60 ODIshs team won the Soorma Hocky tournament.

Science & Technology

  • Haryana with the “Samman Seojven App”with the “Mahalie kvam kishen app” and the occasion is national girl child.
  • GOFT launced enhanced certificates of origin Ecosystem (e CO 2.0 system.
  • Kehala introducing ways bill in 20 the of January 2025.
  • India becoming on with 1 in it for small medium enterprise called “Integrated coffee” is working in Tanzania and expanding innovation.
  • Elon mark richest person 2025 - 4 Billons

Appointments & Resignations

  • According the appointments commerce an extent in the tenure of Malika shrivasta a as chair Person’s in select Board (PESB).
  • Michael Martin leader of fianna fail is been selected is as the president of Ireland.
  • Diploment Jitender Pal Sigh is serve to joint the sectary Pakitstan Afganistran Iran is been now as Indian Anibasoter to Isreal,
  • Belrus Avtorat was Alexa won consecutiv 7yearas Belarus.
  • The United states President donald pump has appoints to genal peter

Awards, Rewards, Recognitions & Prizes

  • Javen Antar has was is honour and Rafiq has was a honour film in Mumbai.
  • Alventr Rayar has launched well four and is been launched by arew 12. and Is indaramati.
  • Goverment is Approvla (non cmm) with finicial of 33. 3cro for and.

Schemes & Initiatives

  • Yes Band + RBIN+ SRIMAIR IS for launch fintech “Friction less

Meetings, Conferences and Summits

  • Prime Minnstir is inarugrate a nation game and is to get awat it has named teljashi

Ranks, Reports & Surveys

  • The sercutites and Echanage of India, has launched a digtal knodlege repositiy on”dharohar
  • Indian and to accound for 115 of globlas consuption of PPP in the yars2019.

MoUs, Collaborations & Partnerships###

  • India and Is the highest miltary as per Global power 24and and 3 are also joined 22 to help that new to get.

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