Daily Current Affairs January 07

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs January 07. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

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January 07 | Daily Current Affairs 2025

Banking and Finance – Daily Current Affairs January 07

1. What is the proposed cap on dividend payouts for banks, as per RBI’s draft guidelines?
A) 60% of PAT
B) 50% of Net Profit
C) 100% of PAT
D) 75% of Profit After Tax
E) 90% of Net Worth
Answer: D) 75% of Profit After Tax

Event and Location:

• Event: RBI proposes a cap on banks’ dividend payouts at 75% of Profit After Tax (PAT)
• Location: India
• Date: January 7, 2026

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI) has proposed new draft guidelines to limit banks’ dividend payouts to a maximum of 75% of their annual Profit After Tax (PAT).
• Objectives: To ensure capital conservation, strengthen financial resilience, and reduce systemic risks by preventing excessive distribution of profits that may weaken banks’ capital buffers.

Important Terms Explained:

• Profit After Tax (PAT): The net profit of a company or bank after all taxes have been deducted; represents the actual earnings available for distribution.
• Capital Buffers: Extra capital banks are required to hold, over and above minimum regulatory requirements, to absorb losses in times of financial stress.
• Scheduled Commercial Banks: Banks that are listed in the Second Schedule of the RBI Act, 1934, and operate under RBI regulation; includes public, private, foreign, and regional rural banks.

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2. How many projects are included in the ₹17 lakh crore PPP pipeline announced in the Union Budget 2025–26?
A) 720
B) 802
C) 852
D) 910
E) 875
Answer: C) 852

Event and Location:

• Event: Launch of a ₹17 lakh crore Public Private Partnership (PPP) project pipeline
• Location: Pan-India – covering Centre, States, and Union Territories
• Date: January 2026 (Post Union Budget 2025–26)

Mandates and Objectives:

• Mandates: The Department of Economic Affairs, Ministry of Finance, has prepared a three-year PPP project pipeline comprising 852 infrastructure projects worth over ₹17 lakh crore, as announced in Union Budget 2025–26.
• Objectives: To provide early visibility to investors, enable better project preparation, de-risk infrastructure development, and accelerate public-private collaboration in India’s infrastructure build-out.

Important Terms Explained:

• Public Private Partnership (PPP): A collaborative model where the private sector invests and operates infrastructure projects under long-term contracts, while sharing risks with the government.
• Project Pipeline: A forward-looking list of planned or upcoming projects aimed at providing visibility, predictability, and confidence to investors and developers.
• Department of Economic Affairs (DEA): A key department under the Ministry of Finance, responsible for economic policymaking, including infrastructure planning and PPP frameworks.

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3. What is the uniform time lag proposed by SEBI for using stock price data in investor education content?
A) 1 day
B) 15 days
C) 30 days
D) 45 days
E) 3 months
Answer: C) 30 days

Event and Location:

• Event: SEBI proposes 30-day lag on market data for investor education
• Location: India
• Date: January 7, 2026

Mandates and Objectives:

• Mandates: SEBI has proposed a uniform 30-day lag for sharing and using stock price data in investor education programs, replacing the earlier inconsistent 1-day and 3-month data lag provisions.
• Objectives: To prevent misuse of near real-time market data while ensuring educational material remains relevant, non-advisory, and compliant with regulatory norms.

Important Terms Explained:

• SEBI (Securities and Exchange Board of India): India’s statutory market regulator responsible for protecting investor interests and regulating the securities market, established under the SEBI Act, 1992.
• Investor Education: Educational initiatives aimed at improving financial literacy without offering stock recommendations or investment advice.
• Investment Advice vs Education: SEBI distinguishes educational content (factual and illustrative) from investment advice, which includes price predictions or stock recommendations and requires registration under regulatory frameworks.

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4. What is the primary purpose of Axis Bank’s newly launched ‘Safety Centre’?
A) Open fixed deposits
B) Track stock market investments
C) Control digital banking security settings
D) Generate monthly account statements
E) Apply for home loans
Answer: C) Control digital banking security settings

Event and Location:

• Event: Launch of the ‘Safety Centre’ on Axis Bank’s mobile banking app
• Location: India (Nationwide rollout via mobile app)
• Date: January 2026

Mandates and Objectives:

• Mandates: Axis Bank has launched a digital security feature called ‘Safety Centre’ on its mobile app, allowing users to manage real-time digital banking security settings such as UPI limits, fund transfers, and net banking access.
• Objectives: To enhance customer control, prevent fraud, and promote safe digital banking by offering in-app security customization tools.

Important Terms Explained:

• Safety Centre: A centralized in-app dashboard launched by Axis Bank for customers to manage and customize their digital banking security features like transaction limits, UPI usage, and fund transfer controls.
• SMS Shield: A security tool within the app to verify and authenticate Axis Bank messages, protecting customers from phishing and fake SMS scams.
• Digital Banking Security: A set of tools and measures including transaction controls, authentication methods, and access restrictions used to protect customers from unauthorized digital transactions and cyber fraud.

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Business and Economy – Daily Current Affairs January 07

5. What is the projected GDP growth rate for India in FY27 as per Indian Ratings & Research?
A) 7.5
B) 6.5
C) 6.9
D) 7.2
E) 6.2
Answer: C) 6.9

Event and Location:

• Event: India’s GDP forecast for FY27 by Indian Ratings & Research
• Location: India
• Date: January 7, 2026

Mandates and Objectives:

• Mandates: Indian Ratings & Research projected India’s GDP growth at 6.9% for FY27, down from 7.4% in FY26 due to global pressures.
• Objectives: To assess India’s economic resilience amid global trade weakness and highlight the role of domestic reforms in supporting growth.

Important Terms Explained:

• Indian Ratings & Research (Ind-Ra): A credit rating agency affiliated with Fitch Group that provides credit ratings and economic forecasts for India.
• GST Rationalization: Reform initiative aimed at simplifying the GST structure by reducing slabs and improving tax compliance and efficiency.
• High Base Effect: A statistical phenomenon where high growth in the previous year results in a relatively lower growth percentage in the following year, even if the actual increase remains strong.

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6. What condition has the government removed to help deep-tech startups gain DSIR recognition?
A) Patent requirement
B) Minimum turnover of ₹5 crore
C) Three-year existence rule
D) Foreign investment cap
E) Prior funding from incubators
Answer: C) Three-year existence rule

Event and Location:

• Event: Relaxation of DSIR norms for deep-tech startup recognition
• Location: New Delhi (Announced during 41st DSIR Foundation Day)
• Date: January 4, 2026 (event date)

Mandates and Objectives:

• Mandates: The Government of India has removed the mandatory three-year existence condition for deep-tech startups seeking recognition from the Department of Scientific and Industrial Research (DSIR).
• Objectives: To accelerate innovation, offer early-stage institutional support, and strengthen India’s R&D ecosystem by making startups eligible for DSIR benefits at a much earlier stage.

Important Terms Explained:

• DSIR (Department of Scientific and Industrial Research): A department under the Ministry of Science and Technology, responsible for promoting industrial R&D, innovation, and technology development through policy support and recognition mechanisms.
• Deep-Tech Startups: Startups that work in cutting-edge fields such as AI, biotechnology, clean energy, space tech, and advanced materials, requiring long-term R&D and high technical complexity.
• PRISM Scheme: Promoting Innovations in Individuals, Startups and MSMEs – a government initiative supporting innovators with grants, incubation, and mentoring for commercialising research ideas.

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7. Which payments company became the first in India, ME, APAC, and South Africa to receive ISO/IEC 42001 certification for responsible AI use?
A) Razorpay
B) FSS
C) Paytm
D) PhonePe
E) NPCI
Answer: B) FSS

Event and Location:

• Event: FSS becomes first payments company to receive ISO/IEC 42001 certification
• Location: India (applicable across India, ME, APAC, South Africa)
• Date: January 6, 2026

Mandates and Objectives:

• Mandates: Financial Software and Systems (FSS) has received the ISO/IEC 42001 certification, becoming the first payments company across India, the Middle East, Asia-Pacific, and South Africa to achieve this standard for responsible AI use.
• Objectives: To establish ethical AI governance, improve transparency, and ensure accountability in AI-driven decision-making across digital payments and transaction processing platforms.

Important Terms Explained:

• FSS (Financial Software and Systems): A leading fintech company based in India offering end-to-end digital payment solutions and transaction processing services.
• ISO/IEC 42001: The world’s first international standard for AI Management Systems (AIMS), developed by ISO and IEC to ensure ethical, transparent, and accountable use of Artificial Intelligence in organizations.
• Artificial Intelligence Governance: A structured framework for managing the risks, ethics, and responsibilities associated with AI use, especially in critical sectors like finance and payments.

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8. Which key benefit is offered by IDFC FIRST Bank’s newly launched Zero-Forex Diamond Reserve Credit Card?
A) Unlimited cashback
B) 0% interest on all domestic purchases
C) Zero foreign exchange markup on international spends
D) No annual fee ever
E) Free domestic flight tickets every quarter
Answer: C) Zero foreign exchange markup on international spends

Event and Location:

• Event: Launch of Zero-Forex Diamond Reserve Credit Card by IDFC FIRST Bank
• Location: India
• Date: January 2026

Mandates and Objectives:

• Mandates: IDFC FIRST Bank has launched a premium credit card — the Zero-Forex Diamond Reserve Credit Card, with zero foreign exchange markup, along with travel, insurance, and reward benefits tailored for international travellers and high-spending lifestyle users.
• Objectives: To expand into the premium credit card market, provide cost-effective solutions for global spending, and align with the bank’s digital-first strategy by offering fully digital application and onboarding.

Important Terms Explained:

• Zero Forex Markup: A credit card feature where no additional fee (typically 2%–3.5%) is charged on international transactions, making global spending more economical for cardholders.
• Dynamic Interest Rate: A flexible interest rate model that varies based on the user’s credit profile and usage pattern; for this card, it starts from 8.5% per annum.
• Reward Points: Loyalty benefits earned on eligible card spends, with this card offering up to 60 reward points per ₹150, and no expiry or earning cap, which enhances its appeal for high-frequency spenders.

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Appointments – Daily Current Affairs January 07

9. Who has become Karnataka’s longest-serving Chief Minister, surpassing Devaraj Urs?
A) H D Kumaraswamy
B) B S Yediyurappa
C) Siddaramaiah
D) Ramakrishna Hegde
E) D K Shivakumar
Answer: C) Siddaramaiah

Event and Location:

• Event: Siddaramaiah becomes Karnataka’s longest-serving Chief Minister
• Location: Karnataka, India
• Date: January 2026

Mandates and Objectives:

• Mandates: Siddaramaiah has surpassed Devaraj Urs to become the longest-serving Chief Minister of Karnataka, completing over seven years and eight months in office across his multiple tenures.
• Objectives: To highlight a rare political achievement in a state known for coalition instability and underline Siddaramaiah’s political durability, grassroots connect, and commitment to social justice.

Important Terms Explained:

• AHINDA: An acronym representing Minorities, Backward Classes, and Dalits—a political coalition strategy used by Siddaramaiah to build an inclusive support base.
• Kuruba Community: A prominent OBC (Other Backward Class) group in Karnataka; Siddaramaiah is the first CM from this community, which holds significant electoral weight.
• Leader of the Opposition: A formal role in the legislative assembly held by Siddaramaiah twice (2009–2013, 2019–2023), showcasing his influence even when out of power.

Tabular Summary:

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10. Who has been appointed as the Chairman of the Council for Leather Exports (CLE) in January 2026?
A) Ajay Sahai
B) Ramesh Kumar Juneja
C) Sanjay Leekha
D) Mukesh Gupta
E) Anil Pande
Answer: B) Ramesh Kumar Juneja

Event and Location:

• Event: Appointment of Ramesh Kumar Juneja as Chairman of Council for Leather Exports (CLE)
• Location: Chennai, India (184th Committee of Administration meeting)
• Date: January 2026

Mandates and Objectives:

• Mandates: Ramesh Kumar Juneja has officially taken charge as the Chairman of the Council for Leather Exports (CLE) during the 184th Committee of Administration meeting held in Chennai.
• Objectives: To lead India’s leather export sector with focus on value addition, innovation, sustainability, and global market diversification, while strengthening India’s global trade position in leather products.

Important Terms Explained:

• Council for Leather Exports (CLE): An Export Promotion Council under the Ministry of Commerce and Industry, responsible for promoting exports of leather, footwear, and leather goods through trade facilitation, market development, and policy advocacy.
• Export Promotion Council: A government-supported body that facilitates the growth of exports from a specific industry by assisting exporters, organizing trade fairs, and liaising with government departments.
• JC Group: A private leather export company founded by Ramesh Kumar Juneja, known for pioneering collaborations with international retailers and introducing quality Indian finished leather into global value chains.

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11. Who has been appointed as CEO, Health Insurance Ecosystem and Strategic Partnerships by the General Insurance Council?
A) Rakesh Joshi
B) Tapan Singhel
C) S Prakash
D) M R Kumar
E) K V Kamath
Answer: C) S Prakash

Event and Location:

• Event: Appointment of S Prakash as CEO, Health Insurance Ecosystem and Strategic Partnerships
• Location: India
• Date: January 7, 2026

Mandates and Objectives:

• Mandates: The General Insurance Council has appointed S Prakash as the CEO, Health Insurance Ecosystem and Strategic Partnerships to lead efforts in improving transparency, standardisation, and stakeholder coordination in India’s health insurance sector.
• Objectives: To enhance trust, efficiency, and collaborative governance across the health insurance value chain by standardizing processes, addressing fraud, and streamlining grievance redressal.

Important Terms Explained:

• General Insurance Council (GI Council): The apex industry body for India’s non-life insurance sector, working under the aegis of the Insurance Regulatory and Development Authority of India (IRDAI) to promote orderly growth and address systemic challenges.
• Health Insurance Ecosystem: Refers to the full value chain of health insurance in India—insurers, hospitals, third-party administrators (TPAs), regulators, and policyholders—requiring integrated governance.
• Standardisation of Treatment Protocols: The process of defining uniform procedures and rates for medical treatments to reduce cost variation, billing disputes, and improve clarity between hospitals and insurers.

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Defence – Daily Current Affairs January 07

12. What is the name of the newly created modern warfare drone force by the Indian Army in 2026?
A) Vajra
B) Rudra
C) Garuda
D) Bhairav
E) Parakram
Answer: D) Bhairav

Event and Location:

• Event: Creation of ‘Bhairav’ – India’s first drone-centric modern warfare force
• Location: India (to be showcased in Jaipur on Army Day 2026)
• Date: January 2026

Mandates and Objectives:

• Mandates: The Indian Army has established a new modern warfare force named ‘Bhairav’, consisting of over 1 lakh trained drone operatives, forming part of a high-tech military transformation initiative.
• Objectives: To integrate drone warfare into core military operations, conduct real-time surveillance, precision strikes, and enhance battlefield agility through technology-enabled combat, bridging the operational gap between Special Forces and regular infantry.

Important Terms Explained:

• Bhairav Force: A newly created drone warfare unit under the Indian Army designed for modern, technology-driven combat with autonomous and precision strike capabilities.
• Rudra Brigades: All-arms integrated combat formations including infantry, tanks, artillery, UASs, and Special Forces to enable fast and coordinated combat response.
• Unmanned Aerial Systems (UASs): Remote-controlled or autonomous drones used for surveillance, reconnaissance, and offensive operations in military contexts.

Tabular Summary:

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13. When was the maiden flight of India’s indigenously developed Tejas Light Combat Aircraft (LCA) conducted?
A) 4 January 1999
B) 26 January 2000
C) 15 August 2002
D) 4 January 2001
E) 30 July 2003
Answer: D) 4 January 2001

Event and Location:

• Event: 25th Anniversary of the maiden flight of Tejas Light Combat Aircraft (LCA)
• Location: HAL Airport, Bengaluru, Karnataka
• Date: 4 January 2026 (Anniversary of maiden flight on 4 January 2001)

Mandates and Objectives:

• Mandates: The Indian Air Force (IAF) commemorated the 25th anniversary of the first flight of Tejas LCA, a milestone in India’s journey towards indigenously developed combat aircraft under the Atmanirbhar Bharat vision.
• Objectives: To celebrate India’s defence self-reliance, highlight technological progress in aerospace manufacturing, and recognize the contribution of public and private stakeholders in strengthening the country’s indigenous fighter aircraft capability.

Important Terms Explained:

• Tejas Light Combat Aircraft (LCA): India’s first indigenously developed lightweight, multi-role supersonic fighter aircraft, designed to replace the ageing MiG fleet and enhance IAF’s capabilities.
• HAL (Hindustan Aeronautics Limited): India’s premier aerospace and defence PSU, responsible for manufacturing Tejas and other military aircraft.
• Mk-1A Variant: An upgraded version of Tejas LCA with enhanced radar systems, electronic warfare capabilities, and improved operational performance.
• VEM Technologies: A Hyderabad-based private defence company that delivered the centre fuselage assemblies for Tejas Mk-1A, marking greater private sector participation in indigenous defence production.

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International Affairs – Daily Current Affairs January 07

14. Which country has signed an MoU with the Supreme Court of India for a law clerk exchange program?
A) Nepal
B) Sri Lanka
C) Bangladesh
D) Bhutan
E) Maldives
Answer: D) Bhutan

Event and Location:

• Event: MoU signed for law clerk exchange between Supreme Court of India and Bhutan’s apex court
• Location: India and Bhutan
• Date: January 2026 (announcement); MoU linked to October 2025 visit

Mandates and Objectives:

• Mandates: The Supreme Court of India has signed a Memorandum of Understanding (MoU) with Bhutan’s apex court to facilitate the exchange of law clerks between the two nations.
• Objectives: To strengthen judicial cooperation, promote capacity building, and encourage knowledge sharing between India and Bhutan’s legal systems under a structured legal internship exchange program.

Important Terms Explained:

• Memorandum of Understanding (MoU): A formal, non-binding agreement between two parties outlining mutual commitments and cooperation, often used in international or inter-institutional partnerships.
• Law Clerk Exchange Program: A professional training initiative where legal graduates or interns from one country work with the judiciary of another country to gain hands-on exposure and comparative legal experience.
• Neighbourhood First Policy: India’s strategic foreign policy approach aimed at strengthening relations and development cooperation with its immediate neighbors, including Bhutan.

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Schemes – Daily Current Affairs January 07

15. Which two countries recently signed trade agreements with India formally recognizing the AYUSH system?
A) UAE and Australia
B) Oman and New Zealand
C) UK and Canada
D) USA and France
E) Japan and Germany
Answer: B) Oman and New Zealand

Event and Location:

• Event: AYUSH system receives formal recognition in international trade agreements
• Location: India, Oman, New Zealand
• Date: December 2025 (agreements finalized)

Mandates and Objectives:

• Mandates: India signed bilateral trade agreements with Oman and New Zealand that include formal recognition of the AYUSH traditional medicine system.
• Objectives: To boost global market access for Indian traditional health services and products, support export growth, and promote India’s soft power through traditional medicine diplomacy.

Important Terms Explained:

• AYUSH: Stands for Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homoeopathy. It represents India’s traditional medicine systems focused on holistic and preventive healthcare.
• Health Annexures: Specific sections added in trade agreements that address mutual cooperation in health services, regulatory frameworks, and traditional medicine.
• Health Diplomacy: A strategic use of a country’s healthcare systems and innovations to strengthen international relationships and promote global recognition.

Tabular Summary:

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16. Which fertilizer was newly included under the NBS scheme for Rabi 2025–26?
A) DAP
B) SSP
C) Ammonium Sulphate
D) MOP
E) Urea
Answer: C) Ammonium Sulphate

Event and Location:

• Event: Approval of Nutrient-Based Subsidy (NBS) rates for Rabi 2025–26
• Location: India
• Date: January 2025 (for implementation from 1 October 2025)

Mandates and Objectives:

• Mandates: The Government of India approved NBS rates for the Rabi 2025–26 season, applicable from October 1, 2025 to March 31, 2026, covering 28 grades of Phosphatic and Potassic (P&K) fertilizers including DAP, SSP, and the newly added Ammonium Sulphate.
• Objectives: To ensure the availability of affordable fertilizers, promote balanced fertilization, protect farmers from global price volatility, and improve agricultural productivity during the Rabi season.

Important Terms Explained:

• Nutrient-Based Subsidy (NBS) Scheme: Launched on 1 April 2010, it provides a fixed per-kg subsidy for nutrients like Nitrogen (N), Phosphorus (P), Potassium (K), and Sulphur (S), promoting balanced fertilizer usage over nitrogen-heavy application.
• Ammonium Sulphate ((NH₄)₂SO₄): A nitrogen and sulphur-rich fertilizer added under NBS for the first time in Rabi 2025–26 to enhance sulphur availability in Indian soils.
• iFMS (Integrated Fertilizer Management System): A digital platform to monitor real-time fertilizer production, movement, and availability, ensuring supply-chain efficiency and coordination with states.

Tabular Summary:

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National Affairs – Daily Current Affairs January 07

17. On which route will India’s first hydrogen-powered train operate as per the pilot project in Haryana?
A) Gurugram–Rohtak
B) Ambala–Karnal
C) Jind–Sonipat
D) Hisar–Panipat
E) Rewari–Bhiwani
Answer: C) Jind–Sonipat

Event and Location:

• Event: India’s first hydrogen-powered train to launch in pilot phase
• Location: Jind–Sonipat route, Haryana
• Date: January 2026 (final commissioning phase)

Mandates and Objectives:

• Mandates: Indian Railways, under the Northern Railway zone, is set to launch the country’s first hydrogen-powered train as a pilot project on the Jind–Sonipat route in Haryana, powered by green hydrogen produced via electrolysis.
• Objectives: To demonstrate the feasibility of hydrogen as a clean rail fuel, reduce carbon emissions, transition away from diesel usage, and advance India’s green energy goals.

Important Terms Explained:

• Green Hydrogen: Hydrogen produced using renewable energy through electrolysis, resulting in zero emissions during production and usage.
• Electrolysis Process: A method of splitting water into hydrogen and oxygen using electricity, used in this project to generate clean hydrogen fuel.
• RDSO (Research, Design and Standards Organization): The technical advisory and standards body of Indian Railways, responsible for ensuring safety, performance, and innovation standards in railway projects.

Tabular Summary:

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18. What is the primary focus of the newly launched Sanskaar Shaala programme in Assam?
A) Skill development for youth
B) Formal education in rural areas
C) Value-based education for children
D) Free digital literacy training
E) Environmental conservation education
Answer: C) Value-based education for children

Event and Location:

• Event: Launch of Sanskaar Shaala – a value-based education programme for children
• Location: Guwahati, Assam
• Date: January 2026

Mandates and Objectives:

• Mandates: Assam Governor Lakshman Prasad Acharya inaugurated Sanskaar Shaala, a new programme aimed at imparting moral and cultural education to children aged 4 to 14 years alongside formal learning.
• Objectives: To instil Indian cultural values, ethics, compassion, and social responsibility in children from an early age, preserving India’s moral heritage in an evolving technological society.

Important Terms Explained:

• Sanskaar Shaala: A structured value-based education programme introduced in Assam to complement school education by promoting ethical, cultural, and moral development among children.
• Value-Based Education: A teaching approach that integrates ethical, emotional, and cultural values alongside academic learning to shape responsible and conscientious individuals.
• Social Responsibility: The concept of fostering a sense of community, empathy, and civic duty in young minds through guided educational interventions.

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Over All Review

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