Daily Current Affairs April 01
Table of Contents
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April 01 | Daily Current Affairs 2025
Important Days – Daily Current Affairs April 01
1. In which year was the Reserve Bank of India (RBI) established, which celebrated its 90th anniversary in 2025?
A) 1930
B) 1935
C) 1947
D) 1950
E) 1949
Answer: B) 1935
Event and Location:
- Event: Reserve Bank of India celebrates its 90th anniversary, marking 9 decades of monetary governance.
- Date: April 1, 2025
- Location: India
Mandates and Objectives:
- Foundation Purpose: RBI was established to regulate monetary policy, manage currency issuance, and stabilize India’s financial system.
- Nationalization Goal: RBI was nationalized in 1949 to place monetary control under the Indian government for better financial planning.
- Policy Objectives: Its core responsibilities include inflation control, interest rate regulation, foreign exchange management, and banking oversight.
Important Terms Explained:
- Hilton Young Commission: A British commission that recommended the establishment of a central bank in India, leading to the creation of the RBI in 1935.
- Monetary Policy Committee (MPC): Introduced in 2016 to make interest rate decisions transparent and data-driven.
- UPI (Unified Payments Interface): A real-time digital payment system launched by NPCI under RBI’s guidance to enable seamless money transfers.
- CBDC (Central Bank Digital Currency): Digital form of the Indian Rupee issued and regulated by the RBI to modernize currency systems.
- Inflation Targeting: A monetary policy strategy adopted in 2016 to maintain inflation at 4% (+/-2%).
- FEMA (Foreign Exchange Management Act): RBI regulates foreign exchange markets under this 1999 legislation to maintain rupee stability.
Tabular Summary:
Aspect | Details |
Event | RBI celebrates its 90th anniversary in 2025 |
Establishment Year | April 1, 1935, based on Hilton Young Commission |
First Governor | Sir Osborne Smith (1935–1937) |
Nationalization Year | 1949, under the Reserve Bank (Transfer to Public Ownership) Act |
Major Functions | Monetary policy, currency issuance, bank regulation, forex management |
Key Reforms | Economic liberalization (1991), inflation targeting (2016) |
Digital Milestones | UPI, RuPay, CBDC (Digital Rupee), Bharat QR |
Inflation Control Target | 4% ±2% under inflation targeting framework |
Financial Inclusion | Jan Dhan Yojana, rural banking, digital finance expansion |
Future Goals | AI in finance, green banking, global financial leadership |
2. Utkal Divas is celebrated to commemorate the formation of which Indian state on a linguistic basis?
A) Andhra Pradesh
B) Odisha
C) Karnataka
D) Tamil Nadu
E) West Bengal
Answer: B) Odisha
Event and Location:
- Event: Utkal Divas celebrates the formation of Odisha as a separate linguistic state.
- Date: April 1
- Location: Odisha
Mandates and Objectives:
- Purpose of Utkal Divas: To commemorate the formation of Odisha as the first state in India formed on a linguistic basis.
- Recognition of Cultural Identity: The day honors the struggles of the Odia-speaking people in asserting their distinct cultural and linguistic identity.
- Contribution of Leaders: Prominent leaders like Madhusudan Das, Gopabandhu Das, and others played a pivotal role in the statehood movement.
- Role of Organizations: Utkal Sabha (1882) and Utkal Sammilani (1903) were instrumental in unifying Odia-speaking regions.
Important Terms Explained:
- Utkal Divas (Odisha Day): Annual celebration on April 1 to mark the statehood of Odisha in 1936.
- Linguistic Reorganization: Odisha became the first Indian state formed on the basis of language, marking a shift in administrative structuring.
- Utkal Sabha: A political organization formed in 1882 that aimed at the welfare of Odia-speaking people.
- Utkal Sammilani: Established in 1903, it mobilized public opinion and advocated for a separate Odisha state.
- Kalinga War: A historic war fought in 261 BCE between King Ashoka and Kalinga, known for transforming Ashoka into a Buddhist ruler.
- Gajapati Mukunda Deva: The last Hindu king of Odisha before Mughal conquest in 1576.
- John Austin Hubback: The first Governor of Odisha post its formation as a state in 1936.
Tabular Summary:
Aspect | Details |
Event | Utkal Divas The Formation and Significance of Odisha Day |
Date | April 1 (since 1936) |
Significance | Formation of Odisha as a separate state from Bihar and Orissa Province |
Ancient Name | Kalinga, Utkala, Kantara, Indravana |
First Governor | Sir John Austin Hubback |
Original Capital | Cuttack (later shifted to Bhubaneswar) |
Linguistic Reorganization | First state in India created on linguistic basis |
3. What does the Sarhul Festival primarily celebrate among the Adivasi communities of Jharkhand?
A) Harvesting of rice crops
B) Worship of the Moon God
C) Worship of the Sal tree and beginning of the New Year
D) Tribal military achievements
E) Worship of River Goddess
Answer: C) Worship of the Sal tree and beginning of the New Year
Event and Location:
- Event: Sarhul Festival 2025 celebrated as a spring and new year festival by Adivasi communities.
- Date: April 1, 2025 (Tuesday)
- Location: Jharkhand and other Adivasi regions
Mandates and Objectives:
- Festival Purpose: Sarhul marks the arrival of spring and beginning of the new year among tribal communities, celebrating nature’s harmony.
- Spiritual Focus: Dedicated to the worship of the Sal tree, seen as a symbol of the Sun-Earth union and abode of the village deity Sarna Maa.
- Cultural Relevance: Reinforces Adivasi identity, unity, and respect for ecological balance through community rituals and sacred grove protection.
- Historical Foundation: The modern celebration traces back to Baba Karthik Oraon, who led Sarhul processions in Ranchi during the 1960s.
Important Terms Explained:
- Sarna Maa: A village deity worshipped in sacred groves (Sarna Sthals) by tribal communities of Jharkhand during Sarhul.
- Sacred Groves: Protected forest patches of religious importance, preserved for biodiversity and cultural rituals.
- Handia: Traditional rice beer consumed during tribal festivals like Sarhul, often served during community feasts.
- Sarna Religion: An indigenous faith practiced by many tribal groups; some advocate its official recognition as distinct in the caste census.
- Piplantri Village Model: A successful eco-feminist model from Rajasthan where 111 trees are planted per girl child born.
Tabular Summary:
Aspect | Details |
Event | Sarhul Festival 2025 celebrated across Jharkhand and other tribal regions |
Festival Meaning | Worship of Sal tree, symbolizing union of Sun and Earth |
Celebration Duration | Three days (Preparations, Rituals, Community Feast) |
Day 1 | Home cleaning, Sarna Sthal preparations, priest’s fasting |
Day 2 | Main rituals, sacrifices, cultural events |
Day 3 | Traditional feast with Handia and ceremonial fishing |
Communities Involved | Munda, Oraon, Ho tribes (celebrated in Assam, Nepal, Bhutan etc.) |
Historic Foundation | Popularized by Baba Karthik Oraon in 1960s |
Cultural Role | Assertion of Adivasi identity and demand for Sarna religion recognition |
Sacred Grove Names | Sarna (Jharkhand), Dev Van (HP), Devarakadu (Karnataka), Oran (Rajasthan), etc |
Environmental Initiative | Piplantri Village (111 trees planted for each girl child) |
Sports – Daily Current Affairs April 01
4. Who won the Miami Open 2025 women’s singles title by defeating Jessica Pegula in straight sets?
A) Danielle Collins
B) Iga Swiatek
C) Aryna Sabalenka
D) Zheng Qinwen
E) Jasmine Paolini
Answer: C) Aryna Sabalenka
Event and Location:
- Event: Aryna Sabalenka won the Miami Open 2025 by defeating Jessica Pegula in straight sets.
- Date: March 31, 2025
- Location: Miami, Florida, United States
Mandates and Objectives:
- Tournament Achievement: Aryna Sabalenka won her first-ever Miami Open title, showcasing dominance by not dropping a single set during the tournament.
- Ranking Milestone: Continued her reign as World No. 1, becoming only the third WTA No. 1 to reach the finals of the Australian Open, Indian Wells, and Miami Open in the same year.
- Match Significance: Defeated Jessica Pegula (4th seed) 7-5, 6-2 in a straight-sets final, highlighting her mental toughness and consistency in high-stakes matches.
- Performance Highlight: Showcased aggressive shot-making, strategic depth, and improved service rhythm throughout the match.
Important Terms Explained:
- WTA 1000 Titles: A category of elite tennis tournaments in women’s tennis just below Grand Slams in prestige and points. Sabalenka now has 8 such titles.
- Grand Slam Titles: The four most prestigious tennis events: Australian Open, French Open, Wimbledon, and US Open. Sabalenka holds 3 titles across these events.
- Top-10 Wins: Victories against players ranked in the world’s top 10, crucial for maintaining elite rankings and confidence.
- Miami Open: A premier WTA 1000 hardcourt tournament held annually in Miami, part of the Sunshine Double along with Indian Wells.
Tabular Summary:
Aspect | Details |
Event | Aryna Sabalenka won Miami Open 2025 defeating Jessica Pegula |
Tournament | Miami Open 2025 |
Winner | Aryna Sabalenka (World No. 1) |
Final Score | 7-5, 6-2 |
Runner-up | Jessica Pegula (4th seed) |
Total WTA Titles | 19 |
WTA 1000 Titles | 8 |
Grand Slam Titles | 3 |
Key Wins in Tournament | Jasmine Paolini (6th), Zheng Qinwen (9th), Danielle Collins (defending champ) |
Historic Feat | 3rd WTA No.1 to reach finals of Australian Open, Indian Wells, Miami Open in same year |
Banking and Finance – Daily Current Affairs April 01
5. What major reform is SEBI currently considering to broaden the investor base in Indian equity markets?
A) Allowing FDI in insurance sector
B) Launching a new stock exchange
C) Allowing direct market access to foreign individuals
D) Increasing promoter holding limit
E) Abolishing the FPIs registration process
Answer: C) Allowing direct market access to foreign individuals
Event and Location:
- Event: SEBI is considering allowing direct market access for foreign individuals to Indian equity markets.
- Date: March 2025
- Location: India
Mandates and Objectives:
- Investor Base Expansion: To broaden the base of investors by easing access norms for foreign individuals.
- Direct Investment Proposal: The move aims to enable wealthy individuals outside India to directly invest in Indian stocks without going through intermediaries or P-notes.
- Simplification of Process: To bypass the current requirement for foreign investors to route investments via funds or foreign portfolio investors (FPIs).
Important Terms Explained:
- SEBI (Securities and Exchange Board of India): The regulatory body for securities and capital markets in India, responsible for investor protection and development of the securities market.
- FPIs (Foreign Portfolio Investors): Investors who invest in financial assets such as stocks and bonds in a country other than their own, registered with SEBI. FPIs can own up to 10% of a listed company.
- P-notes (Participatory Notes): Instruments used by foreign investors to invest in Indian markets without registering with SEBI, often criticized for lack of transparency.
- FDI (Foreign Direct Investment): A form of investment where a foreign entity owns a significant interest (typically over 10%) in an Indian company, subject to sectoral caps and regulatory restrictions.
- Direct Market Access (DMA): Allows investors to directly place buy/sell orders into the exchange’s trading system without the need for an intermediary.
Tabular Summary:
Aspect | Details |
Event | SEBI is weighing proposal to allow direct market access for foreigners |
Objective | Broaden investor base, reduce reliance on intermediary structures |
Potential Beneficiaries | High-net-worth individuals globally (e.g., from London, NY, Singapore) |
Current Restriction | Foreigners must invest via FPIs, P-notes, or intermediary structures |
FPIs Ownership Cap | Up to 10% in a listed Indian company |
Regulatory Concerns | KYC compliance, AML norms, ownership tracking, transparency |
Legal Implication | Over 10% under FPI route is treated as FDI and subject to sectoral caps |
Key Supporters | Experts from Deloitte, Burgeon Law, and legal consultants |
Chart Breakdown | Promoters: 49.6%, FPIs: 17.5%, DIIs: 16.1%, Retail: 8.7%, Others: 7.5%, NRIs: 0.6% |
6. As per CBDT data, how much outstanding tax was recovered in FY 2024–25 till March 15?
A) ₹87,300 crore
B) ₹1.10 lakh crore
C) ₹92,400 crore
D) ₹96,800 crore
E) ₹67,711 crore
Answer: C) ₹92,400 crore
Event and Location:
- Event: CBDT recovered ₹92,400 crore in outstanding direct tax dues till March 15, 2025.
- Date: FY 2024–25 (Till March 15, 2025)
- Location: India
Mandates and Objectives:
- Tax Recovery Focus: CBDT conducted a mop-up operation to recover outstanding taxes against demand notices.
- Departmental Targeting: Special instructions were issued for zone-wise recovery and to categorize cases into recoverable and difficult-to-recover.
- Widening Tax Compliance: Encouraged taxpayers to file revised returns and resolve pending tax dues to improve compliance.
Important Terms Explained:
- CBDT (Central Board of Direct Taxes): Apex body under the Department of Revenue, Ministry of Finance, responsible for formulating direct tax policies and administration in India.
- Outstanding Tax: Tax that is due but unpaid by individuals or companies as per demand notices.
- Demand Notice: A formal notice sent by the Income Tax Department demanding payment of tax dues within a stipulated time.
- Tax Deducted at Source (TDS): A mechanism where tax is deducted at the point of income generation (e.g., salary, interest).
- Mopup Exercise: Final efforts at the end of the financial year to increase tax collections and meet fiscal targets.
Tabular Summary:
Aspect | Details |
Event | CBDT recovered ₹92,400 crore in outstanding taxes |
Period | FY 2024–25 (Till March 15, 2025) |
Corporate Tax Recovery | ₹67,711 crore |
Personal Income Tax Recovery | ₹23,536 crore |
TDS Non-Payment Recovery | ₹1,100 crore |
Basis of Recovery | Demand notices issued by the Income Tax Department |
Targeted Actions | Zone-wise targets, difficult-to-recover case focus |
Upcoming Target | ₹1 lakh crore expected before March 31 |
Special Focus | Top 5,000 cases per region monitored |
Business and Economy – Daily Current Affairs April 01
7. According to Moody’s Ratings, what is India’s projected GDP growth rate for the fiscal year 2025–26, the highest among G20 nations?
A) 6.1%
B) 6.3%
C) 6.5%
D) 6.7%
E) 6.8%
Answer: C) 6.5%
Event and Location:
- Event: Moody’s projects India’s GDP growth at 6.5% for 2025–26, highest among G20 nations.
- Date: April 2025
- Location: India (Moody’s Global Outlook)
Mandates and Objectives:
- Growth Forecast Purpose: To evaluate and project India’s economic growth based on current fiscal policies, monetary conditions, and market trends.
- Comparison with G20 Economies: India is projected to lead both advanced and emerging G20 nations in GDP growth for FY 2025–26.
- Policy Support: Growth is driven by strong domestic demand, tax relief measures, monetary easing, and capital market stability.
Important Terms Explained:
- Moody’s Ratings: A global credit rating agency that provides economic forecasts and assesses countries’ financial health and creditworthiness.
- GDP Growth: The percentage increase in the economic output of a country over a specified period. India’s projected rate is 6.5% for FY 2025–26.
- Monetary Easing: A policy by the central bank (RBI) involving interest rate cuts to boost borrowing and spending in the economy.
- Tax Relief: In Union Budget 2025–26, the I-T exemption limit was raised from ₹7 lakh to ₹12 lakh, resulting in ₹1 lakh crore tax benefit to the middle class.
- External Vulnerability Indicator: A metric indicating a country’s ability to handle external shocks. India’s low score (61%) implies strong resilience.
Tabular Summary:
Aspect | Details |
Event | Moody’s projected India’s GDP growth at 6.5%, highest among G20 |
Fiscal Year | 2025–26 |
Previous Growth Rate | 6.7% in FY 2024–25 |
Growth Drivers | Tax reforms, monetary easing, strong capital markets |
Tax Benefit | ₹1 lakh crore relief from raising I-T exemption to ₹12 lakh |
RBI Interest Rate Cut | 25 bps cut to 6.25% in Feb 2025; another expected in April |
Inflation Projection | 4.5% (down from 4.9% in previous year) |
Domestic Strengths | Deep capital markets, strong policy credibility, large consumer base |
External Vulnerability | Low, at 61%, showing resilience to global shocks |
Global Comparison | India leads; China’s growth is export-led, but faces weak consumption |
India & Brazil’s Standing | Better positioned to attract capital in risk-averse scenarios |
8. What was the gross GST collection in India for March 2025, as reported by the Ministry of Finance?
A) ₹1.77 lakh crore
B) ₹1.83 lakh crore
C) ₹1.96 lakh crore
D) ₹1.76 lakh crore
E) ₹2.05 lakh crore
Answer: C) ₹1.96 lakh crore
Event and Location:
- Event: India’s GST collections for March 2025 rose by 9.9% YoY to reach ₹1.96 lakh crore.
- Date: March 2025
- Location: India
Mandates and Objectives:
- Revenue Growth Objective: To track the rise in indirect tax collections and evaluate its implications for economic stability and fiscal performance.
- Compliance and Enforcement Focus: The surge reflects stronger tax compliance, digital reporting systems, and enforcement measures.
- Fiscal Target Alignment: The GST revenue trend is in line with the government’s projected 11% growth target for FY25.
Important Terms Explained:
- GST (Goods and Services Tax): A unified indirect tax system in India applicable to the supply of goods and services, subsuming multiple state and central taxes.
- CGST (Central GST): The portion of GST collected by the Central Government on intra-state supplies.
- SGST (State GST): The portion of GST collected by State Governments on intra-state transactions.
- IGST (Integrated GST): Applicable on inter-state transactions and imports; revenue is shared between Centre and States.
- GST Cess: An additional tax imposed on luxury and sin goods to compensate states for revenue loss after GST rollout.
- E-Invoicing & AI Monitoring: Digital tools introduced to enhance compliance, prevent tax evasion, and automate reporting.
Tabular Summary:
Aspect | Details |
Event | GST collections rose 9.9% YoY in March 2025 |
March 2025 Gross GST Collection | ₹1.96 lakh crore |
Net GST Collection (March) | ₹1.76 lakh crore (7.3% YoY growth) |
CGST | ₹38,100 crore |
SGST | ₹49,900 crore |
IGST | ₹95,900 crore |
GST Cess | ₹12,300 crore |
FY25 Gross GST Collection | ₹22.08 lakh crore (9.4% YoY growth) |
FY25 Net GST Collection | ₹19.56 lakh crore (8.6% growth) |
Feb 2025 Collection | ₹1.83 lakh crore (+9.1% YoY) |
Jan 2025 Collection | ₹1.96 lakh crore (+12.3% YoY) |
Dec 2024 Collection | ₹1.77 lakh crore (+7.3% YoY) |
9. What was the total transaction value of UPI in March 2025, marking a record high?
A) ₹23.48 trillion
B) ₹21.48 trillion
C) ₹24.77 trillion
D) ₹22.15 trillion
E) ₹26.05 trillion
Answer: C) ₹24.77 trillion
Event and Location:
- Event: UPI transactions reached a record ₹24.77 trillion in value and 19.78 billion in volume in March 2025.
- Date: March 2025
- Location: India
Mandates and Objectives:
- Record-Breaking Digital Usage: UPI achieved its highest-ever monthly value and volume, reflecting deepening digital payment penetration.
- Economic Indicator: The rise highlights robust year-end financial activity and the success of government-led digital inclusion initiatives.
- Transaction Expansion Goal: Reinforces UPI’s aim to dominate peer-to-peer (P2P) and peer-to-merchant (P2M) payments in India.
Important Terms Explained:
- UPI (Unified Payments Interface): A real-time payment system developed by NPCI, enabling seamless fund transfer between bank accounts using mobile platforms.
- IMPS (Immediate Payment Service): A real-time interbank electronic funds transfer service used for 24/7 instant payments in India.
- UPI AutoPay: A feature that allows automatic recurring payments using UPI, enhancing convenience for users.
- Credit on UPI: A new feature allowing users to link credit cards or credit lines with UPI for digital payments.
- NPCI (National Payments Corporation of India): The umbrella organization for digital payments in India, managing UPI, RuPay, IMPS, and more.
Tabular Summary:
Aspect | Details |
Event | UPI hit a record ₹24.77 trillion transaction value in March 2025 |
March 2025 UPI Value | ₹24.77 trillion (+13% over Feb; +25% YoY) |
March 2025 UPI Volume | 19.78 billion (+14% over Feb; +36% YoY) |
FY25 UPI Total Value | ₹260.56 trillion (+30% YoY) |
FY25 UPI Total Volume | 131.14 billion transactions (+42% YoY) |
IMPS March 2025 Transaction Value | ₹6.68 trillion (+19% from February 2025) |
IMPS March 2025 Transaction Volume | 462 million (+14% from February 2025) |
February 2025 UPI Value | ₹21.48 trillion (decline from January 2025) |
January 2025 UPI Value | ₹23.48 trillion (previous high before March record) |
Acquisitions and Mergers – Daily Current Affairs April 01
10. Which automobile company is acquiring full ownership of Renault Nissan Automotive India Private Ltd (RNAIPL) by buying Nissan’s 51% stake?
A) Tata Motors
B) Hyundai Motor India
C) Renault Group
D) Maruti Suzuki
E) Toyota Kirloskar
Answer: C) Renault Group
Event and Location:
- Event: Renault to acquire 51% stake from Nissan in RNAIPL, becoming sole owner of Chennai plant.
- Date: April 2025
- Location: Chennai, Tamil Nadu, India
Mandates and Objectives:
- Complete Ownership Acquisition: Renault Group will acquire the remaining 51% stake from Nissan in RNAIPL.
- Strategic Goal for Renault: To gain full control over manufacturing operations in India and independently manage production strategy.
- Operational Autonomy: The move gives Renault freedom in decision-making for Indian model launches, pricing, and branding.
- Restructuring Objective: Aligns with Renault’s global strategy to streamline operations and strengthen its manufacturing base in emerging markets.
Important Terms Explained:
- RNAIPL (Renault Nissan Automotive India Private Ltd): A manufacturing joint venture formed in 2010 between Renault and Nissan for production of vehicles in India.
- Stake Acquisition: The process where one company buys a share from another, gaining ownership and control over assets or operations.
- Chennai Plant: A key manufacturing facility for both Renault and Nissan, responsible for producing a range of passenger vehicles for the Indian and export markets.
- 2023 Renault-Nissan Investment: A $600 million agreement to develop six new models for India, with potential restructuring after this acquisition.
Tabular Summary:
Aspect | Details |
Event | Renault to acquire Nissan’s 51% stake in RNAIPL |
Companies Involved | Renault Group & Nissan Motor Corporation |
Manufacturing Unit | Renault Nissan Automotive India Private Ltd (RNAIPL) |
Location | Chennai, Tamil Nadu, India |
Previous Ownership | Renault (30%), Nissan (70%) in 2010 → Nissan (51%) in 2023 |
Current Ownership Change | Renault to acquire remaining 51% from Nissan, taking 100% control |
2023 Joint Investment | $600 million for 6 new models for Indian market |
Strategic Impact | Renault gains full production autonomy and India market control |
Impact on Nissan | Likely focus on imports and alternative India strategies post-divestment |
Books and Authors – Daily Current Affairs April 01
11. Who is the author of the book The Great Conciliator: Lal Bahadur Shastri and the Transformation of India?
A) Jairam Ramesh
B) Sanjeev Chopra
C) Ramachandra Guha
D) Shashi Tharoor
E) Rajmohan Gandhi
Answer: B) Sanjeev Chopra
Event and Location:
- Event: Sanjeev Chopra authored The Great Conciliator on Lal Bahadur Shastri’s leadership and contributions.
- Date: April 2025
- Location: India
Mandates and Objectives:
- Book Objective: To highlight the often-overlooked leadership and contributions of India’s second Prime Minister, Lal Bahadur Shastri.
- Focus Area: The book explores Shastri’s consensus-based leadership style, administrative reforms, and commitment to national development.
- Historical Relevance: Showcases Shastri’s important role during post-Nehru India, especially during times of war and economic crisis.
Important Terms Explained:
- Border Security Force (BSF): A central armed police force formed during Shastri’s tenure to secure India’s borders, especially after the Rann of Kutch incident.
- Jai Jawan, Jai Kisan: A slogan coined by Lal Bahadur Shastri during the 1965 Indo-Pak war, emphasizing the importance of soldiers and farmers in nation-building.
- Kashi Vidyapith: An educational institution where Shastri studied and developed his nationalist ideals and leadership qualities.
- Conciliator Leadership: A leadership approach based on listening, negotiation, and consensus rather than confrontation or authoritarianism.
Tabular Summary:
Aspect | Details |
Event | Release of The Great Conciliator book on Lal Bahadur Shastri |
Book Title | The Great Conciliator: Lal Bahadur Shastri and the Transformation of India |
Author | Sanjeev Chopra |
Focus of Book | Life, leadership, and legacy of Lal Bahadur Shastri |
Leadership Traits | Listener, consensus-builder, pragmatic decision-maker |
Major Contributions | Formation of BSF, coinage of “Jai Jawan, Jai Kisan” slogan |
Why Underrated | Simple persona, non-assertive leadership, preference for dialogue |
Relevance Today | Leadership integrity, decision-making, and inclusive governance model |
Appointments – Daily Current Affairs April 01
12. Who has been appointed as the Managing Director and Head of Consumer Banking Group at DBS Bank India in 2025?
A) Prashant Joshi
B) Rajat Verma
C) Uday Kotak
D) Ambuj Chandna
E) Sanjeev Vashishta
Answer: D) Ambuj Chandna
Event and Location:
- Event: Ambuj Chandna appointed as MD & Head of Consumer Banking Group at DBS Bank India.
- Date: March 2025
- Location: DBS Bank India
Mandates and Objectives:
- New Appointment Objective: To lead and grow DBS Bank India’s consumer banking, retail lending, and digital strategy.
- Leadership Focus: Chandna will drive customer acquisition, retail operations, and innovation across financial product offerings.
- Organizational Restructuring Context: His appointment comes amidst leadership restructuring both at DBS Bank India and his previous organization, Kotak Mahindra Bank.
- Strategic Timing: The appointment follows Rajat Verma’s takeover as CEO of DBS India, indicating a fresh leadership phase.
Important Terms Explained:
- Consumer Banking Group: Division of a bank focused on retail customers, covering savings, loans, credit cards, and digital banking.
- Retail Banking: Banking services for individuals rather than institutions, such as savings accounts, loans, and wealth management.
- DBS Bank India: A wholly owned subsidiary of DBS Bank Ltd., Singapore, offering retail and corporate banking in India.
- Kotak Mahindra Bank: A major Indian private sector bank with operations in retail, corporate, and investment banking.
Tabular Summary:
Aspect | Details |
Event | Ambuj Chandna joins DBS Bank India as MD & Head of Consumer Banking Group |
New Position | MD & Head of Consumer Banking Group, DBS Bank India |
Previous Position | President & Head of Consumer Bank (Products), Kotak Mahindra Bank |
Years at Kotak | Over 16 years |
Joined Kotak | In 2015 after ING Vysya Bank acquisition |
Earlier Experience | Deutsche Bank, Standard Chartered Bank |
Replaces at DBS | Prashant Joshi |
DBS Bank India CEO | Rajat Verma (since March 1, 2025) |
Kotak Restructuring Date | July 2024 (led to role shift for Chandna) |
Awards – Daily Current Affairs April 01
13. Who has been selected to receive the prestigious Ugadi Award for outstanding contributions to historical research and social service in 2025?
A) R. Mallikarjuna
B) N. Chandrababu Naidu
C) MyNaa Swamy
D) Sumit Arora
E) Veerabhadra Reddy
Answer: C) MyNaa Swamy
Event and Location:
- Event: MyNaa Swamy to receive Ugadi Award for contributions to historical research and social service.
- Date: April 2025
- Location: Tummalapalli Kalakshetram, Vijayawada, Andhra Pradesh
Mandates and Objectives:
- Purpose of Award: The Ugadi Award aims to recognize exceptional contributions in literature, arts, history, and social service.
- Reason for Selection: MyNaa Swamy was chosen for his groundbreaking research in epigraphy and South Indian historical studies.
- Focus Areas: His work has contributed to expanding the narrative of South Indian dynasties and temple heritage.
- Promotion of Culture: The award underlines his efforts in promoting historical preservation and cultural heritage.
Important Terms Explained:
- Ugadi Award: A state-level award presented by the Andhra Pradesh Government to individuals excelling in various fields.
- Award Components: It includes the Kalaratna title, Hamsa medal, certificate of appreciation, and a cash prize.
- Kalaratna Title: An honorary title given to those who have made significant contributions to arts and heritage.
- Epigraphy: The study of inscriptions engraved on surfaces such as stone and metal in ancient scripts and languages.
- Vijayanagara Empire: A prominent South Indian empire from the 14th to 17th century, known for its architecture and culture.
- Lepakshi Veerabhadra Temple: A 16th-century temple located in Andhra Pradesh, notable for its Vijayanagara-style architecture.
Tabular Summary:
Aspect | Details |
Event | MyNaa Swamy to be honoured with Ugadi Award for historical research |
Award Name | Ugadi Award |
Honors Included | Kalaratna title, Hamsa medal, certificate of appreciation, cash prize |
Presented By | Chief Minister N. Chandrababu Naidu |
Award Venue | Tummalapalli Kalakshetram, Vijayawada |
Key Contributions | Research on Vijayanagara Empire and Lepakshi temple, 100+ inscription discoveries |
Research Languages | Telugu, Kannada, Sanskrit |
Recognition Confirmed By | R. Mallikarjuna, Director, Department of Culture |
Scholarly Appreciation | Writers and historians from Anantapur and across AP congratulated him |
Science and Technology – Daily Current Affairs April 01
14. What is the unique orbital feature of SpaceX’s Fram2 mission launched in March 2025?
A) First mission to orbit the Moon
B) First all-civilian lunar landing
C) First human mission in 90-degree polar orbit
D) First Mars-bound civilian mission
E) First orbital refueling in space
Answer: C) First human mission in 90-degree polar orbit
Event and Location:
- Event: SpaceX launched the Fram2 mission with the first human spaceflight over Earth’s poles.
- Date: March 31, 2025
- Location: Kennedy Space Center, Florida, USA
Mandates and Objectives:
- Mission Goal: To conduct scientific research during the first human mission in a polar orbit.
- Orbital Objective: Complete a 90-degree polar orbit, covering the entire Earth from pole to pole.
- Scientific Aim: To perform 22 experiments including medical imaging, sustainability research, and atmospheric observation.
- Historical Purpose: To mark the first human spaceflight to travel over Earth’s poles and test new research capabilities in microgravity.
Important Terms Explained:
- Fram2 Mission: A SpaceX mission launched with an all-civilian crew to conduct the first human orbital mission over the poles.
- Polar Orbit: An orbital path that allows a spacecraft to pass over the Earth’s north and south poles, enabling full planetary coverage.
- Falcon 9: A reusable two-stage rocket developed by SpaceX used to launch satellites and crewed missions into space.
- Crew Dragon Resilience: A reusable spacecraft developed by SpaceX for transporting humans to and from space. This was its fourth flight.
- Microgravity Experiments: Scientific tests conducted in near-weightless environments to study human biology, food sources, and materials behavior.
Tabular Summary:
Aspect | Details |
Event | SpaceX launched Fram2 Mission: First humans to travel over Earth’s poles |
Mission Name | Fram2 |
Launch Date | March 31, 2025 |
Launch Vehicle | SpaceX Crew Dragon Resilience |
Rocket Used | Falcon 9 |
Orbit Type | 90-degree polar orbit |
Orbit Altitude | 267 miles (430 km) |
Mission Duration | 3–5 days |
Firsts in Space | First human polar orbit, first x-ray in space, first mushroom growth in microgravity |
Crew Members | Chun Wang (Commander), Jannicke Mikkelsen, Rabea Rogge, Eric Philips |
Scientific Focus | Medical imaging, muscle/bone studies, food sustainability, atmospheric research |
Landing Site | Pacific Ocean, Southern California |
Capsule Reuse | Fourth flight of Crew Dragon Resilience |
Defence – Daily Current Affairs April 01
15. What is the primary objective of Exercise Tiger Triumph 2025 conducted between India and the United States?
A) Counter-terrorism operations
B) Naval weapon testing
C) Humanitarian Assistance and Disaster Relief (HADR) cooperation
D) Space-based surveillance
E) Cyber defense training
Answer: C) Humanitarian Assistance and Disaster Relief (HADR) cooperation
Event and Location:
- Event: Exercise Tiger Triumph 2025 to enhance India-US cooperation in HADR operations.
- Date: April 1–13, 2025
- Location: Eastern Seaboard of India (Visakhapatnam & Kakinada)
Mandates and Objectives:
- Exercise Purpose: To improve interoperability between Indian and US armed forces in Humanitarian Assistance and Disaster Relief (HADR) operations.
- Operational Goals: Formulation of Standard Operating Procedures (SOPs) and establishment of a Combined Coordination Center (CCC).
- Coordination Mechanism: Aims to facilitate seamless collaboration between Indian and US Joint Task Forces during emergencies.
- Strategic Relevance: Enhances tactical cooperation in joint amphibious and maritime operations while reinforcing defense diplomacy.
Important Terms Explained:
- Exercise Tiger Triumph: A bilateral India-US tri-service exercise aimed at enhancing coordination in HADR missions.
- HADR Operations: Humanitarian Assistance and Disaster Relief operations focused on crisis and disaster response mechanisms.
- Combined Coordination Center (CCC): A joint operations center to manage planning and execution of joint missions.
- Standard Operating Procedures (SOPs): Predefined guidelines to ensure efficient coordination and action in emergency scenarios.
- Rapid Action Medical Team (RAMT): A specialized IAF medical team deployed for rapid medical relief during emergencies.
Tabular Summary:
Aspect | Details |
Event | Exercise Tiger Triumph 2025: Strengthening India-US HADR Cooperation |
Exercise Name | Exercise Tiger Triumph 2025 |
Edition | 4th Edition |
Duration | April 1–13, 2025 |
Location | Eastern Seaboard (Visakhapatnam & Kakinada) |
Objective | Enhance interoperability in HADR operations |
Key Focus | Formulating SOPs and CCC for joint crisis response |
Indian Navy Assets | INS Jalashwa, INS Gharial, INS Mumbai, INS Shakti |
Indian Army Units | 91 Infantry Brigade, 12 Mechanized Infantry Battalion |
Indian Air Force Units | C-130 Aircraft, MI-17 Helicopters, P-8I, RAMT |
US Navy Assets | USS Comstock, USS Ralph Johnson |
US Forces | US Marine Division, US Navy Medical Team |
Harbour Phase | Visakhapatnam (April 1–7, 2025) |
Sea Phase | Off Kakinada (April 8–13, 2025) |
National Affairs – Daily Current Affairs April 01
16. What was one of the major initiatives launched by Home Minister Amit Shah during his visit to Hisar, Haryana in March 2025?
A) Launch of a new expressway project
B) Unveiling of a Maharaja Agrasen statue
C) Opening of an IIT campus
D) Inauguration of a software park
E) Implementation of a new ration card scheme
Answer: B) Unveiling of a Maharaja Agrasen statue
Event and Location:
- Event: Home Minister Amit Shah unveils Maharaja Agrasen’s statue and launches key health and education projects in Hisar.
- Date: March 31, 2025
- Location: Hisar, Haryana
Mandates and Objectives:
- Statue Unveiling Purpose: To honor the legacy of Maharaja Agrasen, a historical figure known for economic cooperation and inclusive governance.
- Healthcare Infrastructure Goal: To expand critical healthcare capacity in Hisar through a newly inaugurated Intensive Care Unit.
- Educational Infrastructure Vision: To support medical education by laying the foundation for a Postgraduate (PG) hostel for students.
- Welfare Model Alignment: To draw parallels between Agrasen’s governance model and PM Modi’s inclusive development agenda.
- Commitment to Haryana’s Growth: To reaffirm the Centre’s and Haryana’s double-engine government’s focus on transparent governance, job creation, and agriculture.
Important Terms Explained:
- Maharaja Agrasen: An ancient ruler remembered for his philosophy of economic cooperation, entrepreneurship, and philanthropy.
- Double-Engine Government: A term used to describe the synergy between central and state governments under the same party to accelerate development.
- Ayushman Bharat Yojana: A government health insurance scheme providing ₹5 lakh coverage per family per year.
- Lal Dora Land Ownership: Legal provision granting land ownership rights in village habitation areas.
Tabular Summary:
Aspect | Details |
Event | Home Minister Amit Shah Unveils Maharaja Agrasen’s Statue & Other Initiatives |
Location | Hisar, Haryana |
Chief Guest | Amit Shah (Union Home Minister & Minister of Cooperation) |
Other Dignitaries | Haryana CM Nayab Singh Saini, senior officials |
Main Highlights | Unveiling of Maharaja Agrasen’s statue, ICU inauguration, PG hostel foundation |
Maharaja Agrasen’s Philosophy | Economic cooperation, social welfare, entrepreneurship |
Key Healthcare Investments | ₹64,000 crore, 730 labs, 4,382 public health units |
Medical Education Growth | AIIMS rose from 7 to 23, MBBS seats from 51,000 to 1.15 lakh |
Haryana’s Achievements | Transparent job creation, basmati rice exports, sporting success |
Infrastructure Investments | ₹1.26 lakh cr total, ₹72,000 cr roads, ₹54,000 cr railways |
Government’s Vision | Transparent governance, economic growth, improved healthcare |
17. Which Indian state recently renamed 15 places to reflect Indian culture and heritage?
A) Uttar Pradesh
B) Madhya Pradesh
C) Uttarakhand
D) Rajasthan
E) Gujarat
Answer: C) Uttarakhand
Event and Location:
- Event: Uttarakhand Government renames 15 places across 4 districts to reflect Indian cultural heritage.
- Date: March 2025
- Location: Haridwar, Dehradun, Nainital, Udham Singh Nagar districts, Uttarakhand
Mandates and Objectives:
- Cultural Alignment: The renaming of these locations reflects a shift towards honoring Indian history and culture.
- Tribute to Historical Figures: Several renamed places now bear names of Indian reformers and national icons like Shivaji, Ambedkar, and Jyotiba Phule.
- Public Demand Response: The decision follows long-standing public sentiment and requests from local communities for renaming.
- Cultural Restoration Goal: Aimed at replacing Mughal and colonial-era names with names rooted in Indian tradition.
- Political Strategy: Strengthens the government’s image as a promoter of Indian values and cultural revival.
Important Terms Explained:
- Renaming Policy: A government measure to reflect historical identity, remove colonial references, and honor Indian leaders through place names.
- Cultural Heritage Restoration: The process of reviving Indian values, philosophies, and identity by reflecting them in public spaces and nomenclature.
- Public Sentiment: Collective feelings and opinions of the citizens influencing government decisions, especially in democratic contexts.
Tabular Summary:
Aspect | Details |
Event | Uttarakhand Government renamed 15 places across 4 districts |
Objective | To honor historical figures and reflect Indian cultural heritage |
Renamed Districts | Haridwar, Dehradun, Nainital, Udham Singh Nagar |
Major Renamed Places | Aurangzebpur → Shivaji Nagar, Gajiwali → Arya Nagar, Miyanwala → Ramji Wala, Nawabi Road → Atal Marg, Sultanpur Patti → Kaushalya Puri |
Significance | Revival of Indian identity and heritage, recognition of historical figures |
Government Stance | Changes based on public demand and historical relevance |
Public Response | Positive from cultural supporters; critics call for focus on development |
18. Which traditional textile art from Ahmedabad recently received the Geographical Indication (GI) tag?
A) Patola Weaving
B) Saudagari Block Print
C) Bandhani Art
D) Kalamkari Painting
E) Kutch Embroidery
Answer: B) Saudagari Block Print
Event and Location:
- Event: Saudagari block print from Jamalpur, Ahmedabad, receives GI tag for its traditional craftsmanship.
- Date: April 2025
- Location: Jamalpur, Ahmedabad, Gujarat
Mandates and Objectives:
- Cultural Recognition: The GI tag honors the artistic and cultural value of Saudagari block print, a 300-year-old textile craft.
- Artisan Empowerment: Aims to economically uplift artisans by increasing the market value and visibility of their work.
- Heritage Preservation: Seeks to protect traditional knowledge and prevent the extinction of this historic art form.
- Youth Engagement: Encourages participation and innovation among younger generations of designers and artisans.
Important Terms Explained:
- Geographical Indication (GI) Tag: A form of intellectual property protection that identifies goods originating from a specific region and possessing qualities or reputation due to that origin.
- Saudagari Block Print: A handcrafted textile technique practiced for over 300 years in Jamalpur, Ahmedabad, known for its intricate designs, natural dyes, and cultural motifs.
- Chhipa Community: A traditional community of textile printers known for their expertise in block printing methods.
- Shakir Banglawala: A master artisan recognized for preserving and promoting the Saudagari block print tradition.
- Irina Banglawala: A young artisan awarded in the Young Artisan Category for modernizing and popularizing Saudagari block printing.
Tabular Summary:
Aspect | Details |
Event | Saudagari block print from Jamalpur, Ahmedabad received a GI tag |
Craft Description | 300-year-old textile printing using hand-carved blocks and natural dyes |
Practicing Community | Chhipa community in Jamalpur, Ahmedabad |
Key Artisans | Shakir Banglawala and Irina Banglawala |
Innovation in Fashion | Block-printed dupattas, accessories, and jewelry by young designers |
Award Recognition | Irina Banglawala received Young Artisan Category award |
GI Tag Benefits | Increased demand, artisan income, cultural preservation, youth interest |
19. On the occasion of International Cooperative Day, which Indian state received development projects and schemes worth over ₹800 crore unveiled by Amit Shah?
A) Uttar Pradesh
B) Bihar
C) Gujarat
D) Madhya Pradesh
E) Jharkhand
Answer: B) Bihar
Event and Location:
- Event: Amit Shah unveiled development projects and welfare schemes worth over ₹800 crore in Bihar.
- Date: March 2025
- Location: Bihar
Mandates and Objectives:
- Cooperative Sector Boost: ₹111 crore allocated to enhance cooperative banking, PACS, and agricultural credit services.
- Urban Infrastructure Development: ₹421 crore directed toward city infrastructure, affordable housing, and municipal upgrades.
- Law Enforcement Modernization: ₹181 crore dedicated to constructing 133 police buildings to strengthen internal security.
- Transportation Enhancement: ₹109 crore sanctioned for road widening and highway improvements to improve state connectivity.
- Financial Inclusion: Distribution of micro ATMs to Bank Mitras aims to expand rural banking and promote digital transactions.
Important Terms Explained:
- Primary Agricultural Cooperative Societies (PACS): Grassroot-level cooperative institutions providing loans and support to farmers.
- Makhana Processing Unit: A facility to process fox nuts (makhana), adding value and generating rural employment in regions like Darbhanga.
- Bank Mitras: Representatives appointed to deliver banking services in remote areas under financial inclusion initiatives.
- International Cooperative Day: Observed to highlight the importance of cooperative institutions in economic and social development.
Tabular Summary:
Aspect | Details |
Event | Amit Shah launched development projects worth ₹800 crore in Bihar |
Occasion | International Cooperative Day |
Cooperative Sector | ₹111 crore for PACS, cooperative banks, and makhana processing |
Urban Development | ₹421 crore for housing and infrastructure |
Law Enforcement | ₹181 crore for 133 police buildings |
Transport Projects | ₹109 crore for highways and road repair |
Digital Banking Access | Micro ATMs distributed to Bank Mitras |
Political Engagements | Rally in Gopalganj; NDA meeting at CM’s residence |
Over All Review
Important Days
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Sports
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Banking and Finance
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Business And Economy
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Acquisitions and Mergers
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Books and Authors
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Appointments
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Awards
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Science and Technology
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Defence
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National Affairs
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