Daily Current Affairs April 22
Table of Contents
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April 22 | Daily Current Affairs 2025
Important Days – Daily Current Affairs April 22
1. What is the theme of World Earth Day 2025?
A) Restore Our Earth
B) Invest in Our Planet
C) Earth for All
D) Our Power, Our Planet
E) Climate Action Now
Answer: D) Our Power, Our Planet
Event and Location:
- Event: World Earth Day 2025
- Date: April 22, 2025
- Location: Celebrated globally across 192 countries
Mandates and Objectives:
- Purpose of Celebration: Raise awareness and promote action on environmental protection and sustainable living
- 2025 Theme: “Our Power, Our Planet” – Highlights the shared responsibility of individuals, communities, and governments in driving climate action and ecological stewardship
- Key Objectives:
- Promote adoption of renewable energy
- Encourage sustainable lifestyle practices
- Advocate for environmental conservation policies
- Global Participation: Over 1 billion people engage in activities ranging from tree planting and clean-ups to climate advocacy and education
Important Terms Explained:
- World Earth Day: An annual event observed every April 22, dedicated to the planet and aimed at promoting global environmental awareness and action
- Environmental Stewardship: Responsible use and protection of the natural environment through conservation and sustainable practices
- Renewable Energy: Energy from sources like solar, wind, and hydro that are naturally replenished and less harmful to the environment than fossil fuels
- Climate Action: Steps and policies taken to combat climate change and its impacts, in alignment with international agreements like the Paris Agreement
Tabular Summary:
Parameter | Details |
Event | World Earth Day 2025 |
Date | April 22, 2025 |
Location | Celebrated globally across 192 countries |
First Observed | April 22, 1970 |
Founder | Senator Gaylord Nelson (USA) |
2025 Theme | Our Power, Our Planet |
Purpose | Raise awareness and promote environmental action |
Key Focus Areas | Renewable energy, sustainability, climate policies |
Global Reach | Over 1 billion participants worldwide |
Historic Outcomes (1970) | Creation of the EPA, Clean Air Act, Clean Water Act (USA) |
Sports – Daily Current Affairs April 22
2. At the 2025 Asian U-18 Athletics Championship, what was the distance of Nishchay’s silver medal-winning shot put throw?
A) 18.93 meters
B) 20.15 meters
C) 19.25 meters
D) 19.59 meters
E) 18.75 meters
Answer: D) 19.59 meters
Event and Location:
- Event: Asian U-18 Athletics Championship
- Date: April 2025 (Third day of the event)
- Location: Dammam, Saudi Arabia
Mandates and Objectives:
- Athlete’s Achievement: Nishchay, a 16-year-old athlete from Haryana, won the silver medal in the boys’ shot put event
- Performance Highlight: Achieved a personal best throw of 19.59 meters, surpassing his previous best of 18.93 meters
- Medal Count: This was his second medal at the same championship, marking a consistent and promising rise in international athletics
- Significance of Performance: Showcases India’s growing competitiveness in field events, particularly at the youth level, and reflects strong grassroots development in states like Haryana
Important Terms Explained:
- Asian U-18 Athletics Championship: A biennial athletics competition for under-18 athletes from across Asia, promoting youth talent and international sports exposure
- Shot Put: A track and field event involving “putting” (pushing rather than throwing) a heavy spherical object (the shot) for distance
- Personal Best (PB): The best performance by an athlete in their career for a specific event
Tabular Summary:
Parameter | Details |
Event | Asian U-18 Athletics Championship |
Date | April 2025 (Third day of the event) |
Location | Dammam, Saudi Arabia |
Athlete Name | Nishchay |
Age | 16 years |
State Represented | Haryana, India |
Medal | Silver |
Event Category | Boys’ Shot Put |
Distance Thrown | 19.59 meters (Personal Best) |
Previous Best | 18.93 meters |
Total Medals at the Meet | Two (including this silver) |
Significance | Highlights India’s strength in youth field athletics |
Ranking – Daily Current Affairs April 22
3. Who among the following is recognized in TIME’s 2025 Most Influential People list for pioneering microfinance and social business?
A) Donald Trump
B) Alia Bhatt
C) Elon Musk
D) Muhammad Yunus
E) Sakshi Malik
Answer: D) Muhammad Yunus
Event and Location:
- Event: TIME’s 100 Most Influential People of 2025
- Date: April 2025
- Location: Global Recognition (Published by TIME Magazine, USA)
Mandates and Objectives:
- Purpose of the List: To honor individuals who have made extraordinary contributions in politics, innovation, and social reform across the globe
- Focus in 2025: The list highlights leaders and changemakers like Donald Trump, Elon Musk, Keir Starmer, and Muhammad Yunus, who are shaping global discourse
- Notable Shift: No Indian nationals featured this year, a contrast to 2024 when figures like Alia Bhatt and Sakshi Malik were recognized
- Impact: The list reflects current global influence, celebrating those with wide-reaching effects in governance, technology, and social impact
Important Terms Explained:
- TIME 100 Most Influential People: An annual list by TIME Magazine, recognizing global individuals whose actions have had significant influence in the world
- Microfinance: Financial services provided to low-income individuals or groups who traditionally lack access to banking
- Social Business: A form of business designed to address social problems in a financially sustainable way, championed by Muhammad Yunus
- Keir Starmer: Leader of the UK Labour Party and the newly elected Prime Minister of the United Kingdom, recognized for political reform
- Elon Musk: CEO of Tesla and SpaceX, credited for innovation in electric vehicles, space travel, and artificial intelligence
- Donald Trump: Current President of the United States, recognized for ongoing political impact and leadership
Tabular Summary:
Parameter | Details |
Event | TIME’s 100 Most Influential People List 2025 |
Date | April 2025 |
Published By | TIME Magazine, USA |
Donald Trump (USA) | Recognized for political influence as U.S. President |
Elon Musk (USA) | Honored for technological innovation and global entrepreneurship |
Keir Starmer (UK) | Celebrated for leadership as new UK Prime Minister |
Muhammad Yunus (Bangladesh) | Acknowledged for pioneering microfinance and social business |
Notable Absence | No Indian personalities featured in the 2025 list |
Banking and Finance – Daily Current Affairs April 22
4. According to RBI’s revised guidelines, from what minimum age can minors independently operate their savings and term deposit accounts?
A) 5 years
B) 8 years
C) 10 years
D) 12 years
E) 15 years
Answer: C) 10 years
Event and Location:
- Event: RBI permits minors above 10 years to operate bank accounts independently
- Date: April 2025 (Guidelines issued)
- Location: India
Mandates and Objectives:
- Issuing Authority: Reserve Bank of India (RBI)
- Objective: To foster early financial literacy and empower minors with responsible banking skills
- Policy Update: Minors aged 10 years and above may now independently open and operate savings and term deposit accounts, subject to a bank’s risk management policy
- Condition for Accounts: Must remain in credit at all times; overdrafts are not permitted
- Implementation Deadline: All banks must comply by July 1, 2025
Important Terms Explained:
- Minor Account: A bank account opened in the name of a person under 18 years of age
- Risk Management Policy: Internal policies defined by banks to assess and manage risk, now extended to include limits on independently operated minor accounts
- Customer Due Diligence (CDD): Process of verifying customer identity and maintaining risk profile, applicable at account opening and throughout the relationship
- Internet Banking and ATM Access: Services that may be offered to minors based on product suitability and risk assessment by the bank
Tabular Summary:
Parameter | Details |
Event | RBI allows minors above 10 to operate accounts independently |
Date of Announcement | April 2025 |
Location | India |
Issuing Authority | Reserve Bank of India (RBI) |
Minimum Age for Independent Access | 10 years |
Account Types Allowed | Savings and Term Deposit accounts |
Guardian Requirement (for minors) | Either parent (including mother) or legal guardian |
Services Permitted (Optional) | Internet banking, ATM/debit card, cheque books |
Credit Balance Mandate | Accounts must remain in credit; no overdrafts allowed |
Due Diligence Requirement | Required at account opening and ongoing |
Bank Policy Deadline | July 1, 2025 |
5. Why has IndusInd Bank appointed EY for a second forensic audit in FY25?
A) To audit its foreign investment portfolio
B) To review employee fraud cases
C) To investigate ₹600 crore interest income discrepancy in its microfinance portfolio
D) To restructure its management team
E) To conduct customer satisfaction surveys
Answer: C) To investigate ₹600 crore interest income discrepancy in its microfinance portfolio
Event and Location:
- Event: Appointment of EY for a second forensic audit by IndusInd Bank
- Date: April 2025 (issue flagged during statutory audit for FY25)
- Location: Mumbai, India
Mandates and Objectives:
- Reason for Audit:
- To probe a ₹600 crore discrepancy related to interest income accrual in IndusInd Bank’s microfinance portfolio
- Discrepancy flagged during the FY25 statutory audit
- To determine if there were lapses and to fix accountability
- Appointed Firm:
- EY (Ernst & Young), India’s largest forensic audit firm, will investigate the matter
- Related Actions:
- This is a second forensic audit
- The first was done by Grant Thornton Bharat (GTB) to investigate forex derivatives accounting irregularities
- Additional audits involved PwC, which estimated losses of ₹1,979 crore in the derivatives portfolio for the March 2024 quarter
- Regulatory Provision Used:
- Communication initiated under Section 143(12) of Companies Act, 2013, concerning fraud reporting by auditors
Important Terms Explained:
- Forensic Audit:
- A detailed investigation of financial records to detect fraud, misreporting, or lapses in internal controls
- Microfinance Portfolio:
- A segment of the bank focused on small loans to low-income customers; accurate accrual of interest is critical for profitability
- Section 143(12), Companies Act, 2013:
- Mandates statutory auditors to report suspected fraud to the Central Government
- PwC (PricewaterhouseCoopers):
- Global audit firm that reported potential accounting anomalies worth ₹1,979 crore, higher than initial expectations
Tabular Summary:
Parameter | Details |
Event | IndusInd appoints EY for second forensic audit |
Reason | ₹600 crore discrepancy in interest income from microfinance |
Audit Trigger | Flagged during statutory audit for FY25 |
Appointed Auditor | EY (Ernst & Young) |
Previous Auditor (First Audit) | Grant Thornton Bharat (GTB) – forex derivatives probe |
Additional Review Firm | PwC – found ₹1,979 crore potential loss |
Legal Basis | Section 143(12) of Companies Act, 2013 |
Reported by | Auditors during FY25 statutory audit |
Impact Assessment | Based on June 2024 profit and loss |
6. Which bank emerged as the top gainer on the Nifty Bank Index due to strong Q4 performance?
A) HDFC Bank
B) IndusInd Bank
C) IDFC First Bank
D) AU Small Finance Bank
E) Kotak Mahindra Bank
Answer: D) AU Small Finance Bank
Event and Location:
- Event: Surge in bank stocks on strong Q4 performance; Nifty Bank index hits record high
- Date: April 22, 2025 (based on Monday’s market performance)
- Location: Mumbai, India (NSE and BSE Markets)
Mandates and Objectives:
- Market Movement:
- Nifty Bank Index surged 1.9%, closing at an all-time high of 55,304 points
- The broader Nifty 50 also climbed 1.15% to 24,125.55 points
- Top Performers:
- AU Small Finance Bank: Top gainer on the Nifty Bank Index with a 7.3% rise
- IDFC First Bank: Gained 5.8%
- IndusInd Bank: Gained 4%
- Reasons for Surge:
- Better-than-expected March quarter (Q4) results
- Rising investor preference for domestic banking stocks amid uncertainty in trade
- Anticipation of rate cuts and liquidity easing by RBI
Important Terms Explained:
- Nifty Bank Index: A sectoral index that tracks the performance of major banking stocks listed on the National Stock Exchange (NSE)
- Q4 Performance: Refers to the financial results of companies for the January-March quarter, often used as a key performance indicator
- Rate Cut Expectations: Market anticipates that the RBI may reduce interest rates to boost liquidity and growth
- YTD Change (Year-To-Date): Measures the performance of an index or stock since the beginning of the current calendar year
Tabular Summary:
Parameter | Details |
Event | Nifty Bank index hits record high on strong Q4 bank earnings |
Date | April 22, 2025 (Monday’s market) |
Nifty Bank Closing | 55,304 points (up 1.9%) |
Nifty 50 Closing | 24,125.55 points (up 1.15%) |
Top Gainer on Nifty Bank Index | AU Small Finance Bank (7.3% rise) |
Other Notable Gainers | IDFC First Bank (5.8%), IndusInd Bank (4%) |
Contributing Factors | Q4 results, RBI rate cut expectations, trade uncertainty |
RBI Indication | Easing liquidity to support market sentiment |
7. What risk weight percentage has RBI directed banks to assign for certain commercial real estate (CRE) exposures as per April 2024 Basel guidelines?
A) 100%
B) 120%
C) 135%
D) 150%
E) 175%
Answer: D) 150%
Event and Location:
- Event: Banks approach RBI over hike in risk weights for commercial real estate exposures
- Date: April 2025 (based on internal discussions and regulatory direction)
- Location: New Delhi, India
Mandates and Objectives:
- Regulatory Action: The Reserve Bank of India (RBI) has directed certain banks to raise risk weights to 150% on some commercial real estate (CRE) loans
- Trigger: Observations made during third quarter inspections, based on April 2024 Basel guidelines
- Bank Concern: Higher risk weights require more capital allocation, impacting lending capacity to the commercial realty sector
- Bank Response: Internal discussions were held and banks are set to formally raise the issue via the Indian Banks’ Association (IBA)
- Specific Concern: Even loans under ₹100 crore and backed by collateral are being subjected to higher risk weights if earlier rated and now unrated
Important Terms Explained:
- Risk Weight: The percentage of capital a bank must hold against its loans; higher weight means higher capital buffer and reduced loan potential
- Commercial Real Estate (CRE): Real estate assets used exclusively for business purposes like offices, retail spaces, and commercial complexes
- Basel Guidelines: International regulatory framework developed by the Basel Committee on Banking Supervision to improve banking sector’s ability to deal with financial stress
- IBA (Indian Banks’ Association): A representative body of Indian banks that coordinates policy dialogue with regulatory bodies
- Provisioning: Setting aside capital to cover potential losses on loans; RBI’s 2009 guideline mandates 100% provisioning for secured CRE loans
Tabular Summary:
Parameter | Details |
Event | RBI directs banks to raise risk weight on certain CRE exposures |
Date | April 2025 |
Location | New Delhi, India |
Directed By | Reserve Bank of India (RBI) |
New Risk Weight | 150% |
Regulation Basis | April 2024 Basel guidelines |
Sector Affected | Commercial Real Estate (CRE) |
Bank Response | Issue raised internally; formal representation via IBA expected |
Previous Risk Provisioning Rule | As per 2009 RBI guidelines, 100% provisioning for secured CRE loans |
Concern | More capital needed, may reduce lending |
8. As per the final LCR guidelines by RBI effective from April 2026, what is the revised run-off factor for internet and mobile banking-enabled retail deposits?
A) 10%
B) 5%
C) 7.5%
D) 2.5%
E) 1%
Answer: D) 2.5%
Event and Location:
- Event: RBI releases final guidelines easing run-off factor burden in LCR norms
- Date: April 2025 (announced), effective from April 2026
- Location: Mumbai, India
Mandates and Objectives:
- Regulatory Body: Reserve Bank of India (RBI)
- Objective: To ensure banking system resilience while aligning with global liquidity standards
- Final Provision:
- Revised Liquidity Coverage Ratio (LCR) norms to reduce the run-off factor for certain deposit categories
- Retail deposits accessible via internet and mobile banking (IMB) assigned a 2.5% run-off factor (compared to 5% proposed earlier)
- Stable deposits with IMB access will now carry a 7.5% run-off, while those without IMB have 5.0%–10.0%
- Funding from trusts, partnerships, and LLPs will attract a 40% run-off rate, down from the previous 100%
- Implementation Date: The final LCR norms will come into effect from April 2026
Important Terms Explained:
- Liquidity Coverage Ratio (LCR): A regulation requiring banks to hold sufficient High-Quality Liquid Assets (HQLAs) to cover potential net cash outflows over a 30-day stress scenario
- Run-off Factor: The percentage of deposits or funds expected to be withdrawn during a stress event; higher run-off means higher liquidity buffer needed
- Internet and Mobile Banking (IMB): Digital banking modes through which customers access banking services, influencing liquidity perception
- HQLAs (High-Quality Liquid Assets): Assets that are easily and quickly convertible into cash with little or no loss of value
- Non-Banking Financial Entities: Include institutions like trusts, LLPs, partnerships, and charitable entities, now reclassified with reduced risk under the final norms
Tabular Summary:
Parameter | Details |
Event | Final RBI LCR norms ease run-off factor burden |
Announcement Date | April 2025 |
Implementation Date | April 2026 |
Regulator | Reserve Bank of India (RBI) |
Run-Off for IMB Retail Deposits | 2.5% |
Run-Off for Stable Deposits with IMB | 7.5% |
Run-Off for Trusts, LLPs, Partnerships | 40% (reduced from 100%) |
Regulatory Objective | Align with global standards, strengthen systemic liquidity |
Impact Estimate (ICRA) | 6 percentage points improvement in net impact on LCR |
Business and Economy – Daily Current Affairs April 22
9. What is the projected change in global merchandise trade in the World Trade Organization’s Global Trade Outlook 2025?
A) Growth of 2.9%
B) Decline of 1.5%
C) Decline of 0.2%
D) Growth of 4.0%
E) No change
Answer: C) Decline of 0.2%
Event and Location:
- Event: Release of Global Trade Outlook and Statistics 2025
- Date: April 2025
- Location: Geneva, Switzerland
Mandates and Objectives:
- Issuing Organization: World Trade Organization (WTO)
- Purpose of Report: To provide global trade projections for 2025, assess risks from tariff tensions, and recommend coordinated policy responses
- Key Focus: Merchandise trade contraction, growth in services trade, and increased vulnerabilities of Least-Developed Countries (LDCs)
- Global Policy Need: The report emphasizes the need for enhanced international cooperation to prevent economic fragmentation and recession risks
Important Terms Explained:
- World Trade Organization (WTO): An intergovernmental body regulating international trade, ensuring smooth, predictable, and free trade flows
- Merchandise Trade: The exchange of physical goods across countries, which is projected to decline due to tariff tensions and policy uncertainties
- Services Trade: Cross-border trade in intangible assets like transport, travel, finance, which is projected to grow slowly at 4.0% in 2025
- Least-Developed Countries (LDCs): Economies classified by the UN based on low income and weak human assets, highly vulnerable to trade shocks
- UNCTAD (United Nations Conference on Trade and Development): A UN agency promoting sustainable development through trade, investment, and technology, warning of global GDP slowdown to 2.3% in 2025
Tabular Summary:
Parameter | Details |
Event | WTO Global Trade Outlook and Statistics 2025 |
Date | April 2025 |
Location | Geneva, Switzerland |
Projected Global Merchandise Trade | Decline of 0.2% in 2025 |
Maximum Potential Decline | Up to 1.5% with further tariff escalation |
Services Trade Growth | Projected growth of 4.0% |
Major Tariff Impacts | US reciprocal tariffs (-0.6 ppt), US-China (-0.8 ppt) |
Regional Impact – North America | Export decline of 12.6% |
Regional Impact – Asia | Export growth of 1.6% |
Regional Impact – Europe | Export growth of 1.0% |
LDC Exposure | High due to limited diversification |
Chinese Export Diversion | Growth of 4% to 9% outside North America |
UNCTAD GDP Forecast | Global growth at 2.3%; rising recession risk |
India’s Merchandise Export Rank | Dropped to 14th; share at 2.2% |
India’s Merchandise Import Rank | Dropped to 7th; share at 3.4% |
India’s Services Export Rank | Dropped to 6th; share at 5.3% |
India’s Services Import Rank | Unchanged at 6th; share at 4.1% |
10. In FY25, which major company contributed approximately 70% to India’s record smartphone exports exceeding ₹2 lakh crore?
A) Samsung
B) Xiaomi
C) Apple
D) Vivo
E) OnePlus
Answer: C) Apple
Event and Location:
- Event: India’s smartphone exports cross ₹2 lakh crore for the first time
- Date: Financial Year 2024–25
- Location: Pan-India (with key hubs in Tamil Nadu and Karnataka)
Mandates and Objectives:
- Key Milestone: India surpassed ₹2 lakh crore in smartphone exports in FY25 — an all-time high for the sector
- Objective of Growth: Strengthen local manufacturing and boost exports through government support and private participation
- Policy Driver: Production-Linked Incentive (PLI) Scheme incentivized domestic production and global supply chain integration
- Strategic Outcome: Enhanced India’s role in Global Value Chains (GVCs) and reduced import dependency by achieving 99% local production
- Employment and MSME Impact: Boosted job creation and encouraged participation of MSMEs in electronics manufacturing
Important Terms Explained:
- Production-Linked Incentive (PLI) Scheme: A government scheme aimed at boosting domestic manufacturing and exports by offering financial incentives based on output and incremental sales
- Global Value Chains (GVCs): International networks where different stages of production are spread across multiple countries; India’s deeper integration here increases competitiveness and revenue
- Foxconn: Major electronics contract manufacturer, partnered with Apple, significantly contributing to exports from Tamil Nadu
- Tata Electronics: Indian company that entered iPhone production via Wistron unit in Karnataka and Pegatron partnership in Tamil Nadu, strengthening domestic manufacturing
- Apple’s Role: Dominated India’s smartphone export landscape, accounting for 70% of total exports
Tabular Summary:
Parameter | Details |
Event | India’s smartphone exports surpass ₹2 lakh crore |
Date | FY 2024–25 |
Location | Pan-India (Notably Tamil Nadu and Karnataka) |
Total Smartphone Exports | Over ₹2 lakh crore |
Growth Over FY24 | 54% increase |
Policy Driver | Production-Linked Incentive (PLI) Scheme |
Local Manufacturing Share | 99% of smartphones used in India made locally |
Major Export Contributor | Apple (70% of total exports) |
Key Manufacturers | Foxconn, Tata Electronics, Wistron, Pegatron |
Export Milestone by Feb 2025 | ₹1.75 lakh crore already achieved |
11. What provisional tariff rate has India imposed on select steel imports to protect its domestic industry in 2025?
A) 8%
B) 10%
C) 12%
D) 15%
E) 20%
Answer: C) 12%
Event and Location:
- Event: Imposition of 12% provisional safeguard duty on steel imports
- Date: April 21, 2025
- Location: India
Mandates and Objectives:
- Purpose of the Duty: To protect the domestic steel industry from surging low-cost imports, particularly from China, South Korea, and Japan
- Initiating Agency: Directorate General of Trade Remedies (DGTR), following findings of “serious injury” to Indian steelmakers
- Government Response: The Ministry of Finance approved a temporary safeguard duty for 200 days on selected steel products
- Objective: To stabilize market conditions, support local steel producers, and ensure fair competition
Important Terms Explained:
- Safeguard Duty: A temporary tariff imposed to protect a domestic industry from an unexpected surge in imports that cause or threaten serious injury
- Directorate General of Trade Remedies (DGTR): An Indian authority under the Ministry of Commerce that investigates and recommends trade remedies like safeguard, anti-dumping, and countervailing duties
- Hot-Rolled and Cold-Rolled Products: Categories of flat steel products that are processed at high or low temperatures and are widely used in construction, automotive, and manufacturing sectors
- Anti-Dumping Duty: A duty imposed to counteract imports sold below fair market value to protect domestic industry
- Countervailing Measures: Duties imposed to neutralize the impact of subsidies given by foreign governments to their exporters
Tabular Summary:
Parameter | Details |
Event | India imposes 12% provisional safeguard duty on steel imports |
Date of Effect | April 21, 2025 |
Duration | 200 days (provisional) |
Tariff Rate | 12% safeguard duty |
Initiating Agency | Directorate General of Trade Remedies (DGTR) |
Approved By | Ministry of Finance |
Affected Products | Hot-rolled, cold-rolled, metallic/colour-coated flat products |
Reason for Imposition | Surge in low-cost imports, mainly from China, South Korea, Japan |
FY25 Steel Imports | 9.5 million metric tons of finished steel |
Industry Support | Tata Steel, JSW Steel, SAIL, ArcelorMittal Nippon Steel India |
Policy Objective | Protect domestic industry and restore fair competition |
12. Which core sector recorded the highest output growth in March 2024 as per official data?
A) Electricity
B) Steel
C) Cement
D) Fertilisers
E) Coal
Answer: C) Cement
Event and Location:
- Event 1: March 2024 core sector output growth update
- Event 2: Coal India and DVC sign MoU for new power plant
- Date: April 22, 2025 (reported)
- Location: India (core data) and Jharkhand (new plant site)
Mandates and Objectives:
- March 2024 Core Sector Growth Highlights:
- Output rose by 3.8% YoY in March 2024 vs 3.4% in February
- Driven by rising electricity demand and construction activity
- FY25 overall core sector growth slowed to 4.4%, down from 7.6% in FY24 – lowest in four years
- Cement led sector-wise growth at 11.6%, followed by:
- Fertilisers: 8.8%
- Steel: 7.1%
- Electricity: 6.2%
- Coal: 1.6%
- Refinery products: 0.2%
- Sectors with decline: Crude oil (-1.9%), Natural gas (-1.7%)
- Coal India–DVC Power Project Highlights:
- Coal India and Damodar Valley Corporation (DVC) signed an MoU
- Plan to set up a 1,600 MW ultra-supercritical thermal power plant in Jharkhand
- Investment: ₹16,500 crore
- Joint venture: Equal shareholding model
- Expansion of existing 500 MW Chandrapura plant
- Coal sourcing from Bharat Coking Coal and Central Coalfields
Important Terms Explained:
- Core Sector: Comprises 8 key industries: coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity. Together, they make up 40.27% of the Index of Industrial Production (IIP)
- Ultra-supercritical Thermal Plant: A power plant that operates at very high pressure and temperature to improve efficiency and reduce emissions
- MoU (Memorandum of Understanding): A formal agreement between two or more parties
Tabular Summary:
Parameter | Details |
March 2024 Core Sector Growth | 3.8% YoY |
FY25 Overall Core Sector Growth | 4.4% (vs 7.6% in FY24) |
Highest Growing Sector (March) | Cement – 11.6% |
Other High Performers | Fertilisers – 8.8%, Steel – 7.1%, Electricity – 6.2% |
Declining Sectors | Crude oil (–1.9%), Natural gas (–1.7%) |
New Project | 1,600 MW thermal plant in Jharkhand |
Companies Involved | Coal India & DVC |
Project Investment | ₹16,500 crore |
Project Type | Ultra-supercritical thermal power plant |
Coal Source | Bharat Coking Coal & Central Coalfields |
Appointments – Daily Current Affairs April 22
13. Who among the following officers appointed as Special Director in the Enforcement Directorate (ED) belongs to the Indian Police Service (IPS)?
A) Manu Tentiwal
B) T Sankar
C) Viplav Kumar Choudhry
D) N Padmanaban
E) Rajnish Dev Barman
Answer: C) Viplav Kumar Choudhry
Event and Location:
- Event: Appointment of five Special Directors to the Enforcement Directorate (ED)
- Date: April 22, 2025
- Location: New Delhi, India
Mandates and Objectives:
- Purpose of Appointment: To strengthen the leadership and investigative capacity of the Enforcement Directorate (ED)
- Appointing Authority: Appointments Committee of the Cabinet (ACC)
- Reporting Structure: Appointed Special Directors report to the ED Director and supervise Additional Directors, Joint Directors, and subordinate officials
- Operational Role: Special Directors oversee ED regional offices like Mumbai, Chennai, Kolkata, and Chandigarh, and head special units at the headquarters in Delhi
- Overall Objective: Enhance enforcement of financial laws related to money laundering and economic offenses
Important Terms Explained:
- Enforcement Directorate (ED): A central investigative agency under the Ministry of Finance, responsible for enforcing economic laws and fighting financial crime
- Prevention of Money Laundering Act (PMLA): A 2002 legislation aimed at curbing money laundering and allowing seizure of illegally obtained assets
- Fugitive Economic Offenders Act (FEOA): A 2018 law that enables confiscation of properties of economic offenders who flee India
- Foreign Exchange Management Act (FEMA): A 1999 law facilitating external trade and payments and maintaining the foreign exchange market
- Appointments Committee of the Cabinet (ACC): The authority responsible for high-level government appointments, including senior posts in investigative agencies
Tabular Summary:
Parameter | Details |
Event | Appointment of five Special Directors to the ED |
Date | April 22, 2025 |
Location | New Delhi, India |
Appointing Authority | Appointments Committee of the Cabinet (ACC) |
Appointed IPS Officer | Viplav Kumar Choudhry (1997 batch, AGMUT cadre) |
Appointed IRS Officers | T Sankar (2003), N Padmanaban (2005), Rajnish Dev Barman (1999), Manu Tentiwal (2003) |
Total Special Directors in ED | 8 (now at full sanctioned strength) |
Current ED Director | Rahul Navin (IRS, 1993 batch) |
ED Parent Ministry | Ministry of Finance, Government of India |
Acts Enforced by ED | PMLA, FEOA, FEMA |
14. Who has been appointed as the new Secretary of DARE and Director General of ICAR in 2025?
A) Dr. Himanshu Pathak
B) Dr. Ramesh Chand
C) Dr. Trilochan Mohapatra
D) Dr. Mangi Lal Jat
E) Dr. Rajiv Kumar
Answer: D) Dr. Mangi Lal Jat
Event and Location:
- Event: Appointment of Secretary of DARE and Director General of ICAR
- Date: April 2025
- Location: New Delhi, India
Mandates and Objectives:
- Purpose of Appointment: To enhance leadership in India’s agricultural research and education framework
- Appointed Leader: Dr. Mangi Lal Jat, a veteran in agronomy and sustainable farming
- Role and Term: Appointed as Secretary of DARE and DG of ICAR for a term of three years
- Key Objectives: Focus on climate-resilient agriculture, soil degradation management, sustainable food systems, and innovation-driven research
- Leadership Vision: To ensure farmer-first, climate-smart, and conservation-based agricultural development through research and extension
Important Terms Explained:
- DARE (Department of Agricultural Research and Education): A department under the Ministry of Agriculture and Farmers Welfare, overseeing agricultural research and higher education in India
- ICAR (Indian Council of Agricultural Research): The apex national body for coordinating agricultural education and research in India
- Conservation Agriculture: A set of practices aimed at sustainable and resource-saving crop production
- Climate-Resilient Farming: Agricultural systems designed to withstand climate shocks like drought, floods, and heatwaves while ensuring food security
- ICRISAT (International Crops Research Institute for the Semi-Arid Tropics): An international agricultural research institute headquartered in Hyderabad, India
- CIMMYT: The International Maize and Wheat Improvement Center, a global leader in maize and wheat research
- IRRI: The International Rice Research Institute, working to improve rice-based farming systems
Tabular Summary:
Parameter | Details |
Event | Appointment of Secretary of DARE and DG of ICAR |
Date | April 2025 |
Location | New Delhi, India |
Name of Appointee | Dr. Mangi Lal Jat |
New Roles | Secretary, DARE and Director General, ICAR |
Term Duration | 3 years |
Predecessor | Dr. Himanshu Pathak (retired voluntarily) |
Experience | 25+ years in agronomy, conservation, and climate resilience |
Previous Roles | DDG (Research), ICRISAT; Director, Global Research, ICRISAT |
Other Institutions Served | CIMMYT, IRRI, ICAR (12 years as Systems Agronomist) |
Academic Background | PhD in Agronomy from IARI, New Delhi |
Vision Focus | Climate-smart farming, sustainable research, soil health |
15. Who has been appointed as the new Registrar (Vigilance) of the Delhi High Court in 2025?
A) Judge Arun Bhardwaj
B) Judge Neena Bansal Krishna
C) Judge Anil Kumar
D) Judge Kaveri Baweja
E) Judge Manju Rani Chauhan
Answer: D) Judge Kaveri Baweja
Event and Location:
- Event: Appointment of Judge Kaveri Baweja as Registrar (Vigilance)
- Date: April 2025
- Location: Delhi High Court, New Delhi, India
Mandates and Objectives:
- Purpose of Appointment: To assign a seasoned judicial officer to oversee vigilance matters at the Delhi High Court
- Reason for Selection: Judge Baweja’s judicial expertise in handling complex and sensitive cases such as the Delhi excise policy, 1984 anti-Sikh riots, and 2020 Delhi riots
- Role Responsibilities: Supervision of vigilance and administrative integrity within the Delhi High Court framework
- Other Administrative Move: Judge Arun Bhardwaj to take over as Registrar General of Delhi High Court from May 1, 2025
Important Terms Explained:
- Registrar (Vigilance): A senior judicial officer tasked with internal vigilance, disciplinary oversight, and maintaining integrity within the judicial system
- Delhi Excise Policy Case: A high-profile money laundering and corruption case involving senior political leaders
- 1984 Anti-Sikh Riots: A series of riots against the Sikh community following the assassination of PM Indira Gandhi; Judge Baweja sentenced Sajjan Kumar in a landmark verdict
- 2020 Delhi Riots: Communal violence in Northeast Delhi during anti-CAA protests; Judge Baweja dealt with politically sensitive matters in the case
- PC Act (Prevention of Corruption Act): Indian law aimed at preventing corruption in government institutions
- OSD (Officer on Special Duty): A temporary designation for handling special assignments within administrative or judicial roles
Tabular Summary:
Parameter | Details |
Event | Appointment of Registrar (Vigilance), Delhi High Court |
Date | April 2025 |
Location | New Delhi, India |
Appointee | Judge Kaveri Baweja |
Basis of Appointment | Deputation from Special Judge (PC Act) (CBI), Rouse Avenue Court |
Notable Cases Handled | Delhi excise policy, 1984 anti-Sikh riots, 2020 Delhi riots |
Appointment Order By | Chief Justice of Delhi High Court |
New Registrar General | Judge Arun Bhardwaj (effective May 1, 2025) |
Previous Role (Arun Bhardwaj) | Special Judge for coal scam cases |
Designation During Transition | Officer on Special Duty (OSD) |
Awards – Daily Current Affairs April 22
16. Who won the Laureus World Sportsman of the Year award at the 2025 Laureus World Sports Awards?
A) Tadej Pogačar
B) Carlos Alcaraz
C) Mondo Duplantis
D) Max Verstappen
E) Léon Marchand
Answer: C) Mondo Duplantis
Event and Location:
- Event: 2025 Laureus World Sports Awards
- Date: April 2025
- Location: Madrid, Spain
Mandates and Objectives:
- Purpose of Event: To celebrate the 25th anniversary of the Laureus World Sports Awards and honour the finest sporting achievements of 2024
- Award Categories: Recognized both individual and team excellence across various sports disciplines
- Notable Objective: Acknowledge resilience, comeback stories, and social impact through special categories like Comeback of the Year and Sport for Good Award
Important Terms Explained:
- Laureus World Sports Awards: Established in 2000, often called the “Oscars of Sports”, these awards honour elite performances in global sport
- World Sportsman of the Year: Awarded to the most outstanding male athlete globally based on performance in the previous year
- World Sportswoman of the Year: Recognizes the top-performing female athlete in the world
- Sport for Good Award: Honours organisations that use sport to bring about positive social change
- Comeback of the Year: Awarded to an athlete making a significant return after injury, illness, or setbacks
Tabular Summary:
Parameter | Details |
Event | 2025 Laureus World Sports Awards |
Date | April 2025 |
Location | Madrid, Spain |
Occasion | 25th Anniversary of the Laureus Awards |
World Sportsman of the Year | Mondo Duplantis |
World Sportswoman of the Year | Simone Biles |
World Team of the Year | Real Madrid |
Breakthrough of the Year | Lamine Yamal |
Comeback of the Year | Rebeca Andrade |
Sportsperson with a Disability | Jiang Yuyan |
Action Sportsperson of the Year | Tom Pidcock |
Sport for Good Award | Kick4Life |
Sporting Icon Award | Rafael Nadal |
Lifetime Achievement Award | Kelly Slater |
17. Which digital initiative received the Prime Minister’s Award for Excellence in Public Administration 2024 under the Innovation (Centre) category?
A) DigiLocker
B) CoWIN
C) PM GatiShakti Portal
D) Poshan Tracker
E) eNAM
Answer: D) Poshan Tracker
Event and Location:
- Event: 17th Civil Services Day and presentation of PM’s Award for Excellence in Public Administration 2024
- Date: April 21, 2025
- Location: New Delhi, India
Mandates and Objectives:
- Awarded Initiative: Poshan Tracker Application developed by the Ministry of Women and Child Development (MoWCD)
- Purpose of the Initiative: To enable data-driven nutrition governance, ensure real-time monitoring, and improve service delivery under Mission Saksham Anganwadi and POSHAN 2.0
- Award Category: Innovation (Centre) under the Prime Minister’s Awards
- Objective of Award: Recognize innovations in public administration and promote citizen-centric, technology-enabled governance
- Breakaway Session Theme: “Promoting Nutrition for Women and Children” — highlighted grassroots nutrition implementation and inter-departmental convergence
Important Terms Explained:
- Poshan Tracker: A digital application used to monitor nutritional services, track beneficiaries, and enable accountability at Anganwadi centers under POSHAN 2.0
- POSHAN 2.0: Government of India’s flagship nutrition scheme launched in 2021, merging various nutrition-related programs to enhance outcomes for women and children
- Mission Saksham Anganwadi: A sub-initiative under POSHAN 2.0 focused on strengthening Anganwadi infrastructure, capacity, and service delivery
- PM’s Award for Excellence in Public Administration: An annual award recognizing outstanding governance and administrative initiatives in India
- MoWCD: Ministry of Women and Child Development, responsible for policies and programs related to the welfare of women and children
Tabular Summary:
Parameter | Details |
Event | 17th Civil Services Day |
Date | April 21, 2025 |
Award | PM’s Award for Excellence in Public Administration 2024 |
Award Category | Innovation (Centre) |
Awarded Application | Poshan Tracker |
Developed By | Ministry of Women and Child Development (MoWCD) |
Received By | Shri Anil Malik, Secretary, MoWCD |
Chaired By | Smt. Annapurna Devi, Union Minister for WCD |
Session Theme | Promoting Nutrition for Women and Children |
Key Focus Areas | Convergence, community engagement, digital innovation |
Total Participation | 500+ (joined via webcast) |
International Affairs – Daily Current Affairs April 22
18. According to Finance Minister Nirmala Sitharaman, when does India hope to finalize the first phase of its proposed trade deal with the US?
A) By Summer 2025
B) By the end of FY25
C) By Fall 2025
D) By June 2025
E) By January 2026
Answer: C) By Fall 2025
Event and Location:
- Event: India aims to finalize the first phase of a proposed trade deal with the US
- Date: April 21, 2025 (announcement during US visit)
- Location: San Francisco, United States (FM Nirmala Sitharaman’s 5-day official visit)
Mandates and Objectives:
- Purpose of Visit:
- To attend IMF and World Bank spring meetings
- To represent India in G20 finance ministers and central bank governors’ meetings
- To discuss trade ties with US officials, especially amid paused tariffs
- Goal of Trade Talks:
- Finalize the first phase of the India–US trade deal by Fall 2025
- Address reciprocal tariff concerns, improve access, and strengthen strategic economic ties
- Recognize the US as India’s largest trading partner with $129 billion bilateral trade
- Broader Agenda:
- Push forward India’s progress in semiconductors, renewable energy, AI, and digital infrastructure
- Emphasize India’s growth potential and its fiscal stability post-pandemic
- Present India as an “engine driving global trade”
Important Terms Explained:
- Bilateral Trade: The exchange of goods and services between two countries—in this case, India and the US, valued at $129 billion
- Trade Surplus: India recorded a trade surplus of $45.7 billion with the US in 2024
- Tariff Pause: The US has temporarily suspended tariffs (except for China) to allow room for negotiations
- Spring Meetings: Annual gatherings of IMF and World Bank members to discuss global financial issues
- Fiscal Deficit: India contained fiscal deficit at 4.8% of GDP in FY25, down from 9.2% in FY21
Tabular Summary:
Parameter | Details |
Event | India aims to seal 1st phase of trade deal with US |
Date of Announcement | April 21, 2025 |
Location | San Francisco, USA |
Indian Representative | Finance Minister Nirmala Sitharaman |
Purpose of Visit | IMF, World Bank meetings; trade negotiations; G20 participation |
Trade Deal Goal | Finalize first phase by Fall 2025 |
India–US Trade Volume (2024) | $129 billion (India has $45.7 billion trade surplus) |
Tariff Situation | US paused tariffs for 90 days (except China) |
Key Focus Areas | Semiconductors, renewable energy, AI, digital infrastructure |
Fiscal Deficit FY25 | 4.8% of GDP |
National Affairs – Daily Current Affairs April 22
19. From which academic year will Hindi become a mandatory third language in Classes 1 to 5 in Maharashtra’s English and Marathi-medium schools?
A) 2024–25
B) 2025–26
C) 2026–27
D) 2023–24
E) 2027–28
Answer: B) 2025–26
Event and Location:
- Event: Hindi made mandatory as third language in Classes 1–5
- Date: April 2025 (announcement)
- Location: Maharashtra, India
Mandates and Objectives:
- Policy Decision: Hindi will be made compulsory as a third language for Classes 1 to 5 in English and Marathi-medium schools
- Implementation Timeline: Phased rollout starting from academic year 2025–26, beginning with Class 1
- Objective: Align with the three-language formula of NEP 2020, promoting multilingual skills and fostering national integration
- Curriculum Reform Goals: Develop language proficiency, increase exposure to national languages, and enhance inclusivity in education
Important Terms Explained:
- National Education Policy (NEP) 2020: A transformative policy introducing the 5+3+3+4 structure, focusing on multilingualism, foundational literacy, and skill-based learning
- Three-Language Formula: A language policy that encourages schools to teach three languages: two native to India (including the regional language) and one of them preferably Hindi or English
- SCERT (State Council of Educational Research and Training): State-level body responsible for curriculum design and implementation support in Maharashtra
- NCERT (National Council of Educational Research and Training): Apex body for curriculum development and textbook creation in India
- Balbharati: Maharashtra’s state textbook development bureau, preparing textbooks in alignment with NEP
Tabular Summary:
Parameter | Details |
Event | Hindi made mandatory as third language in Classes 1–5 |
Date of Announcement | April 2025 |
Location | Maharashtra, India |
Affected Mediums | English and Marathi-medium schools |
Start of Implementation | Academic year 2025–26 |
Education Structure Followed | 5+3+3+4 (NEP 2020 framework) |
Language Formula | Three-language formula as per NEP |
Textbook Development | NCERT-led with Maharashtra-specific content by Balbharati |
Curriculum Preparedness | SCERT confirmed readiness and teacher training rollout |
Over All Review
Important Days
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Sports
|
Ranking
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Banking and Finance
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Business And Economy
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Appointments
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Awards
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International Affairs
|
National Affairs
|
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