Daily Current Affairs March 13
Table of Contents
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March 13 | Daily Current Affairs 2024
Sports – Daily Current Affairs March 13
1. Who won the ICC Men’s and Women’s Player of the Month awards for February 2025?
A) Steve Smith and Annabel Sutherland
B) Glenn Phillips and Thipatcha Putthawong
C) Shubman Gill and Alana King
D) Virat Kohli and Meg Lanning
E) Babar Azam and Beth Mooney
Answer: C) Shubman Gill and Alana King
Event and Location:
- Event: ICC Player of the Month Awards – February 2025.
- Date: March 13, 2025.
- Location: ICC Headquarters, Dubai, UAE.
Mandates and Objectives:
- The ICC Player of the Month Awards recognize the best-performing male and female cricketers each month.
- Winners are selected based on fan votes and an expert ICC panel.
Shubman Gill’s Performance and Achievements:
- ODI Series vs England: Scored 87 and 60 in the first two matches. Scored a match-winning 112 in Ahmedabad.
- ICC Men’s Champions Trophy 2025: Scored an unbeaten 101 against Bangladesh, helping India chase 229 runs.
- Achievement: Won his third ICC Men’s Player of the Month award, defeating Glenn Phillips and Steve Smith.
Alana King’s Performance and Achievements:
- Ashes Test Match (Melbourne): Took 4/45 in the first innings and 5/53 in the second innings.
- Achievement: Won her first ICC Women’s Player of the Month award, defeating Annabel Sutherland and Thipatcha Putthawong.
Important Terms Explained:
- ICC Player of the Month Award: A monthly award recognizing top international cricketers based on fan votes and expert panel decisions.
- ICC Men’s Champions Trophy: A premier ODI tournament featuring the world’s top teams.
- Melbourne Cricket Ground (MCG) Honours Board: Recognizes players for outstanding performances at the MCG.
Tabular Summary:
Category | Details |
Why in News? | ICC announced Player of the Month awards for February 2025. Shubman Gill (India) won the Men’s award, and Alana King (Australia) won the Women’s award. |
Shubman Gill’s Performance | Scored 406 runs in February, including two centuries. Played a key role in India’s series win vs England and Champions Trophy 2025. |
Gill’s Achievement | Won his third ICC Men’s Player of the Month award, beating Glenn Phillips & Steve Smith. |
Alana King’s Performance | Took 9 wickets in the Ashes Test, including 5/53 in the second innings, leading Australia to victory. |
King’s Achievement | Won her first ICC Women’s Player of the Month award, defeating Annabel Sutherland & Thipatcha Putthawong. |
Selection Process | Winners are decided through fan votes and an ICC expert panel. |
2. Which team emerged as the overall champion of Khelo India Winter Games 2025?
A) Himachal Pradesh
B) Ladakh
C) Indian Army
D) Maharashtra
E) ITBP
Answer: C) Indian Army
Event and Location:
- Event: Khelo India Winter Games 2025 (5th Edition).
- Date: January 23 – March 12, 2025.
- Location: Leh, Ladakh & Gulmarg, Jammu & Kashmir.
Mandates and Objectives:
- Organized under the Khelo India initiative by the Ministry of Youth Affairs and Sports.
- Aimed at promoting winter sports in India and providing a platform for young athletes.
- Encouraged participation from states, Union Territories (UTs), and institutional teams.
Phases and Venues:
- Phase 1: Leh, Ladakh (January 23-27, 2025)
- Hosted events like Ice Hockey and Ice Skating.
- Venues:
- Nawang Dorjay Stobdan (NDS) Sports Complex.
- Guphuk Pond.
- Phase 2: Jammu & Kashmir (March 9-12, 2025)
- Hosted events like Alpine Skiing, Nordic Skiing, Ski Mountaineering, and Snowboarding.
- Venues:
- Kangdoori Phase 1, Gulmarg.
- Golf Course Club, Gulmarg.
Participation and Competition Format:
- Over 400 athletes participated, representing 19 teams (States, UTs, and institutions).
- The competition followed a team championship format, where individual medals contributed to the overall team tally.
Notable Performances and Highlights:
- Nayana Sri Talluri’s Hat-Trick Gold in Speed Skating:
- 15-year-old from Telangana won three gold medals in Speed Skating.
- Secured the first gold of KIWG 2025 in the women’s 500m short track event.
- Aanchal Thakur’s Double Gold in Alpine Skiing:
- Alpine skier from Himachal Pradesh won gold in Slalom and Giant Slalom events.
Medal Tally – Top 5 Teams:
Rank | Team | Gold | Silver | Bronze | Total Medals |
1 | Indian Army | 7 | 5 | 6 | 18 |
2 | Himachal Pradesh | 6 | 5 | 7 | 18 |
3 | Ladakh | 4 | 2 | 1 | 7 |
4 | Maharashtra | 3 | 5 | 5 | 13 |
5 | Tamil Nadu | 3 | 2 | 0 | 5 |
Indian Army’s Continued Dominance:
- Indian Army also won the 2024 edition of KIWG with 10 gold, 5 silver, and 6 bronze medals.
- Their second consecutive title victory cements their dominance in winter sports.
Past Winners of Khelo India Winter Games:
- 2020: Jammu & Kashmir (Host & Winner).
- 2021: Jammu & Kashmir (Host & Winner).
- 2023: Jammu & Kashmir (Host & Winner).
- 2024: Indian Army (Winner).
- 2025: Indian Army (Winner).
Impact of Khelo India Winter Games:
- Helped in promoting winter sports in Ladakh, Jammu & Kashmir, Himachal Pradesh, and Uttarakhand.
- Encouraged increased participation in winter sports from across India.
- Led to improved sports infrastructure in northern and Himalayan regions.
Important Terms Explained:
- Khelo India Winter Games: A national-level winter sports tournament under the Khelo India initiative to promote winter sports.
- Slalom & Giant Slalom: Competitive alpine skiing events requiring agility and speed.
- Zero Liquid Discharge (ZLD): A system ensuring zero wastewater discharge by recovering and recycling water.
- Nordic Skiing: A type of skiing sport including cross-country skiing and ski jumping.
Tabular Summary:
Aspect | Details |
Event | Khelo India Winter Games 2025 (5th Edition). |
Phases | Two (Leh, Ladakh & Jammu & Kashmir). |
Dates | January 23-27 (Phase 1) & March 9-12 (Phase 2). |
Venues | NDS Sports Complex, Guphuk Pond, Kangdoori Phase 1, Golf Course Club. |
Total Athletes | Over 400. |
Participating Teams | 19 (States, UTs, Institutions). |
Sports | Ice Hockey, Ice Skating, Alpine Skiing, Nordic Skiing, Ski Mountaineering, Snowboarding. |
Champion Team | Indian Army (7 Gold, 5 Silver, 6 Bronze). |
Top Individual Performers | Nayana Sri Talluri (Speed Skating, Telangana) & Aanchal Thakur (Alpine Skiing, HP). |
Previous Winner (2024) | Indian Army. |
Notable Impact | Growth of winter sports in India, increased participation, improved infrastructure. |
Ranking – Daily Current Affairs March 13
3. Which country became the top source of Foreign Direct Investment (FDI) into Dubai in 2024?
A) United States
B) France
C) United Kingdom
D) India
E) Switzerland
Answer: D) India
Event and Location:
- Event: India Becomes the Top Source of FDI into Dubai.
- Date: 2024.
- Location: Dubai, United Arab Emirates (UAE).
Mandates and Objectives:
- India surpassed the U.S., France, and the U.K. to become the leading source of FDI into Dubai.
- Dubai retained its position as the world’s No.1 destination for Greenfield FDI projects for the fourth consecutive year.
- Financial Times Ltd.’s ‘fDi Markets’ data reported this achievement, highlighting Dubai’s business-friendly environment, tax policies, and infrastructure.
India’s FDI Contribution to Dubai:
- India accounted for 21.5% of Dubai’s total FDI in 2024.
- Other major contributors:
- U.S.: 13.7%
- France: 11%
- U.K.: 10%
- Switzerland: 6.9%
Dubai’s FDI Growth in 2024:
- Total FDI inflow: AED 52.3 billion ($14.24 billion), a 33.2% increase from 2023.
- Greenfield FDI projects: 1,117 projects, the highest ever recorded in Dubai.
- Total FDI projects announced: 1,826 projects, an 11% rise from 2023.
- FDI-generated jobs: 58,680 jobs, up 31% from 44,745 in 2023.
Dubai’s Global & Regional Rankings in FDI:
- Ranked No.1 globally in Greenfield FDI projects.
- Ranked No.4 globally in Greenfield FDI capital (up from No.5 in 2023).
- Top-ranked in the Middle East and Africa (MEA) for Greenfield FDI projects, capital, and jobs.
- No.1 globally in attracting Headquarter (HQ) FDI projects for the third consecutive year with 50 HQ projects in 2024.
Key Investment Sectors in Dubai:
- Business services.
- Software and IT services.
- Real estate.
- Transportation and warehousing.
- Financial services.
- Industrial equipment.
- Consumer products.
- Communications.
- Artificial Intelligence (AI).
- Advanced Information Technologies (AIT).
- Dubai’s share in global FDI for AIT increased from 7.3% in 2023 to 8% in 2024.
Dubai’s Economic Vision & Investor Confidence:
- Strong leadership under His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President & Prime Minister of the UAE and Ruler of Dubai.
- Growth driven by:
- Public-private partnerships.
- Dubai Economic Agenda (D33).
- Innovation and startup incubation.
- Digital infrastructure and cost-effective energy solutions.
- Strategic global partnerships enhance Dubai’s appeal for investors.
Important Terms Explained:
- Foreign Direct Investment (FDI): Investment from a foreign entity in another country’s businesses or projects.
- Greenfield FDI: A type of FDI where foreign companies start a new business or project from scratch.
- fDi Markets: A global database tracking cross-border Greenfield investments, maintained by Financial Times Ltd.
- Dubai Economic Agenda (D33): A long-term economic roadmap for Dubai’s growth and investment potential.
Tabular Summary:
Category | Details |
Why in News? | India became the top source of FDI into Dubai, surpassing the U.S., France, and the U.K. |
Top FDI Source (2024) | India (21.5%), followed by U.S. (13.7%), France (11%), U.K. (10%), and Switzerland (6.9%). |
Total FDI Capital (2024) | AED 52.3 billion ($14.24 billion), a 33.2% increase from 2023. |
Greenfield FDI Projects (2024) | 1,117 projects, the highest in Dubai’s history. |
Total FDI Projects (2024) | 1,826 projects, an 11% increase from 2023. |
FDI-Generated Jobs | 58,680 jobs, up 31% from 44,745 in 2023. |
Dubai’s Global Ranking | No.1 for Greenfield FDI projects, No.4 for FDI capital. |
Dubai’s MEA Ranking | No.1 in Greenfield FDI projects, capital, and jobs. |
Headquarter (HQ) FDI Projects | No.1 globally for the 3rd year with 50 HQ projects in 2024. |
Key Sectors Attracting FDI | IT services, business services, AI, real estate, finance, industrial equipment, consumer products. |
Dubai’s Global AIT FDI Share | Increased from 7.3% in 2023 to 8% in 2024. |
Banking and Finance – Daily Current Affairs March13
4. By how much did the outstanding NPA amount in the Kisan Credit Card (KCC) segment increase between March 2021 and December 2024?
A) 28%
B) 35%
C) 42%
D) 50%
E) 60%
Answer: C) 42%
Event and Location:
- Event: Rise in Kisan Credit Card (KCC) Non-Performing Assets (NPAs).
- Date: March 2025.
- Location: India.
Mandates and Objectives:
- The outstanding NPA amount in the KCC segment surged to ₹97,543 crore as of December 2024, a 42% increase from ₹68,547 crore in March 2021.
- The data was obtained through an RTI (Right to Information) request filed with the RBI.
- KCC provides a revolving cash credit facility to farmers for agricultural and allied activities.
Key Highlights of KCC Loan NPAs:
KCC NPA Growth Over the Years:
Year | Outstanding NPA Amount (₹ crore) |
March 2021 | ₹68,547 crore |
FY2022 | ₹84,637 crore |
FY2023 | ₹90,832 crore |
FY2024 | ₹93,370 crore |
Q1 FY2025 | ₹95,616 crore |
Q2 FY2025 | ₹96,918 crore |
Q3 FY2025 | ₹97,543 crore |
- KCC NPAs have increased significantly, making it the highest default category among all agriculture loans.
- Compared to other agriculture loans (such as tractor loans), the repayment rate in KCC loans is lower.
Reasons for Rising Defaults in KCC Loans:
- Weather-related crop failures affecting farmers’ ability to repay loans.
- Lack of awareness about repayment timelines among farmers.
- Delays in repayments due to personal financial exigencies.
- Weak loan recovery mechanisms for banks.
- Expectations of loan waivers before state elections, distorting repayment behavior.
- Limited recovery options: Unlike housing or SME loans, banks cannot seize assets for recovery.
KCC Outstanding Loan Growth (Operative Accounts):
- The total outstanding KCC loan amount increased from ₹4.57 lakh crore in March 2021 to ₹5.91 lakh crore in December 2024 (a 30% rise).
- Despite rising NPAs, total KCC loan disbursements have continued to grow.
State-wise Outstanding KCC Loan Amounts (2024):
State | Outstanding KCC Loan Amount (₹ crore) |
Uttar Pradesh | ₹1.38 lakh crore |
Rajasthan | ₹1.08 lakh crore |
Madhya Pradesh | ₹84,523 crore |
Maharashtra | ₹78,018 crore |
Gujarat | ₹71,132 crore |
Karnataka | ₹62,794 crore |
- Uttar Pradesh recorded the highest outstanding loan amount under the KCC scheme.
Government Schemes & Support for KCC Borrowers:
Modified Interest Subvention Scheme (MISS):
- Interest subvention of 1.5% on KCC loans up to ₹3 lakh, reducing the interest rate to 7% per annum.
- Farmers who repay on time receive an additional 3% interest subsidy, lowering the effective rate to 4%.
- Budget 2025-26 increased the loan limit under MISS from ₹3 lakh to ₹5 lakh.
- Collateral-free loans up to ₹2 lakh, making credit more accessible for small farmers.
Impact on Banks & Financial Sector:
- Banks face significant financial stress due to rising KCC NPAs.
- Agriculture lending is a priority sector lending (PSL) obligation for banks.
- Strict recovery measures are politically sensitive, making it difficult for banks to collect outstanding loans.
- Farmers’ suicides further discourage aggressive recovery actions by banks.
Important Terms Explained:
- Kisan Credit Card (KCC): A revolving credit facility that provides short-term agricultural loans with flexible repayment periods.
- Non-Performing Assets (NPAs): Loans classified as defaulted when repayments remain overdue beyond a specified period.
- Modified Interest Subvention Scheme (MISS): Government program subsidizing interest rates on agricultural loans.
- Priority Sector Lending (PSL): RBI-mandated lending targets requiring banks to allocate 40% of total credit to priority sectors, including agriculture.
Tabular Summary:
Category | Details |
Why in News? | KCC NPAs rose by 42% from ₹68,547 crore (2021) to ₹97,543 crore (Dec 2024). |
KCC NPA Amount (Dec 2024) | ₹97,543 crore. |
Increase Since 2021 | 42%. |
Total Outstanding KCC Loans | ₹5.91 lakh crore (Dec 2024). |
Top State in KCC Loans | Uttar Pradesh (₹1.38 lakh crore). |
Interest Rate on KCC Loans | 7% (4% for timely repayments under MISS). |
Government Support | Loan limit increased from ₹3 lakh to ₹5 lakh under MISS. |
Major Causes of Defaults | Weather issues, lack of awareness, weak recovery, loan waiver expectations. |
Impact on Banks | High NPAs, PSL obligations, limited recovery mechanisms. |
Business and Economy – Daily Current Affairs March 13
5. What is the face value of each Zero Coupon Bond (ZCB) issued by Power Finance Corporation (PFC)?
A) ₹50,000
B) ₹75,000
C) ₹1 lakh
D) ₹1.5 lakh
E) ₹2 lakh
Answer: C) ₹1 lakh
Event and Location:
- Event: Finance Ministry Approves Zero Coupon Bonds for Power Finance Corporation.
- Date: March 2025.
- Location: India.
Mandates and Objectives:
- The Finance Ministry has authorized Power Finance Corporation (PFC) to issue Zero Coupon Bonds (ZCBs) to raise up to ₹10,000 crore.
- The bonds will be issued at a discount and redeemed at full face value upon maturity.
- The initiative aims to provide a stable, long-term investment option for investors seeking guaranteed returns.
Key Features of PFC’s Zero Coupon Bonds:
- Issuance & Maturity:
- Issuance Deadline: On or before March 31, 2027.
- Maturity Period: 121 months (10 years and 1 month).
- Number of Bonds Issued: 10 lakh bonds.
- Pricing & Returns:
- Issue Price: ₹50,454 per bond.
- Face Value: ₹1 lakh per bond at maturity.
- Fixed Returns: Investors will receive ₹1 lakh per bond if held until maturity.
What is a Zero Coupon Bond (ZCB)?
- A Zero Coupon Bond does not pay periodic interest (coupon).
- Issued at a discount and redeemed at full face value upon maturity.
- The difference between the issue price and face value represents the return for investors.
Who Should Invest in Zero Coupon Bonds?
- Investors planning for long-term financial goals (children’s education, marriage, retirement).
- Conservative investors who prefer low-risk investments over equities or variable-rate bonds.
- Portfolio diversification: Helps balance high-growth investments with guaranteed returns.
Advantages of Investing in Zero Coupon Bonds:
- Guaranteed Returns: Fixed return over a definite period.
- Lower Risk than Equities: Less volatile than stocks or variable-rate bonds.
- Diversification: Adds a low-risk, fixed-income component to portfolios.
- Tax Benefits: Long-term capital gains (LTCG) tax of 12.5% if held for more than 12 months.
Risks Associated with Zero Coupon Bonds:
- Interest Rate Risk: If interest rates rise, bond prices fall.
- Duration Risk: Long-term maturity makes bond prices highly sensitive to interest rate changes.
- Liquidity Risk: If sold before maturity, investors may not get the expected return.
Tax Implications of Zero Coupon Bonds:
- Short-Term Capital Gains (STCG): If sold before 12 months, gains taxed as per investor’s income tax slab.
- Long-Term Capital Gains (LTCG): If held beyond 12 months, gains taxed at 12.5%.
Important Terms Explained:
- Zero Coupon Bond (ZCB): A bond issued at a discount, paying no interest but redeemed at full face value.
- Power Finance Corporation (PFC): A government-owned financial institution funding power sector projects.
- Face Value: The amount an investor receives at bond maturity.
- Discounted Issue Price: The price at which ZCBs are initially sold, lower than their face value.
Tabular Summary:
Category | Details |
Why in News? | Finance Ministry approved Zero Coupon Bonds for Power Finance Corporation. |
Amount to be Raised | ₹10,000 crore. |
Issue Price | ₹50,454 per bond. |
Face Value | ₹1 lakh per bond at maturity. |
Maturity Period | 121 months (10 years and 1 month). |
Issuance Deadline | On or before March 31, 2027. |
Total Bonds to be Issued | 10 lakh bonds. |
Target Investors | Long-term investors looking for lump sum payouts. |
Taxation | STCG (if sold before 12 months): Taxed as per investor’s slab. LTCG (if held for over 12 months): 12.5% tax rate. |
Advantages | Guaranteed returns, low risk, portfolio diversification, tax benefits. |
Risks | Interest rate risk, duration risk, liquidity risk. |
6. What was India’s retail inflation rate in February 2025?
A) 4.2%
B) 3.75%
C) 3.61%
D) 5.1%
E) 4.5%
Answer: C) 3.61%
Event and Location:
- Event: India’s Retail Inflation Falls to a Seven-Month Low.
- Date: February 2025.
- Location: India.
Mandates and Objectives:
- India’s retail inflation dropped to 3.61% in February 2025, the lowest in seven months.
- Food inflation fell below 4% for the first time in nearly two years.
- The decline raises expectations of an RBI rate cut in the April 2025 Monetary Policy Committee (MPC) meeting.
Key Highlights of February 2025 Inflation Trends:
- Food Inflation Sees a Sharp Decline:
- Food inflation fell to 3.75%, the lowest in 21 months.
- Vegetable prices declined by 1.1% YoY, compared to an 11.4% rise in January.
- Pulses recorded deflation after rising 2.6% in January.
- Mixed Trends in Fruits and Edible Oils:
- Fruit and edible oil prices increased.
- The volatile rupee led to higher import costs for edible oils.
- Core Inflation Rises Despite Lower Headline Inflation:
- Core inflation (excluding food & fuel) surged to a seven-month high.
- Gold prices and personal care costs were the main drivers of this increase.
- Inflation Impact on Personal Care & Miscellaneous Goods:
- Miscellaneous goods inflation: 4.8% in February (vs. 4.4% in January).
- Personal care inflation: 13.6% in February (vs. 10.6% in January).
- Implications for RBI’s Monetary Policy:
- RBI had cut the repo rate from 6.5% to 6.25% in February 2025.
- Economists expect another 25 bps rate cut in April 2025.
- Further rate cuts may follow in June or August 2025, depending on GDP growth.
- Long-Term Inflation Projections:
- Inflation is expected to moderate to 3.8% by Q3 FY2026.
- The fiscal year could end with a policy rate of 5.75%.
Important Terms Explained:
- Consumer Price Index (CPI): Measures retail inflation by tracking price changes of essential goods and services.
- Core Inflation: Inflation excluding food and fuel prices, indicating underlying price trends.
- Repo Rate: The rate at which RBI lends money to banks, influencing borrowing costs.
- Basis Points (bps): A unit of measure for interest rates; 1 bps = 0.01%.
Tabular Summary:
Category | Details |
Why in News? | India’s retail inflation fell to a 7-month low of 3.61% in February 2025. |
Retail Inflation (Feb 2025) | 3.61%. |
Food Inflation | 3.75% (lowest in 21 months). |
Vegetable Inflation | -1.1% (deflation) vs. +11.4% in January 2025. |
Pulses Inflation | Deflation (vs. +2.6% in January 2025). |
Fruits & Edible Oils | Prices increased. |
Core Inflation | Highest in 7 months, driven by gold prices. |
Personal Care Inflation | 13.6% (vs. 10.6% in January 2025). |
Repo Rate (Feb 2025 Cut) | 6.25% (cut from 6.5%). |
Expected RBI Rate Cut (April 2025) | 25 bps cut expected. |
FY26 Inflation Forecast | 4.2%. |
7. What was India’s overall Consumer Price Index (CPI) inflation rate in February 2025?
A) 4.12%
B) 3.75%
C) 3.61%
D) 5.2%
E) 3.32%
Answer: C) 3.61%
Event and Location:
- Event: Consumer Price Index (CPI) Data for February 2025.
- Date: March 12, 2025.
- Location: India.
Mandates and Objectives:
- The Ministry of Statistics and Programme Implementation (MoSPI) released CPI data for February 2025.
- Retail inflation declined to 3.61%, the lowest since July 2024.
- Food inflation also dropped significantly, especially in rural areas.
Key Highlights of the CPI Report:
- Overall Inflation:
- CPI-based inflation stood at 3.61% in February 2025.
- A decline of 65 basis points (bps) from January 2025.
- Lowest inflation rate since July 2024.
- Food Inflation:
- Consumer Food Price Index (CFPI) inflation: 3.75% (Provisional).
- Rural CFPI inflation: 4.06%.
- Urban CFPI inflation: 3.20%.
- Food inflation fell by 222 bps compared to January 2025, marking the lowest since May 2023.
- Rural vs Urban Inflation:
- Rural Inflation: 3.79% (down from 4.59% in January 2025).
- Urban Inflation: 3.32% (down from 3.87% in January 2025).
- Sector-wise Inflation Trends:
- Housing Inflation: 2.91% (up from 2.82% in January 2025).
- Fuel & Light Inflation: -1.33% (improved from -1.49% in January 2025).
- Education Inflation: 3.83% (unchanged from January 2025).
- Health Inflation: 4.12% (up from 3.97% in January 2025).
- Transport & Communication Inflation: 2.87% (up from 2.76% in January 2025).
- Main Drivers of Inflation Decline:
- Prices of vegetables, eggs, meat & fish, pulses, and dairy products declined.
Top Five Items with Highest Inflation:
- Coconut oil: 54.48%.
- Coconut: 41.61%.
- Gold: 35.56%.
- Silver: 30.89%.
- Onion: 30.42%.
Top Five Items with Lowest Inflation:
- Ginger: -35.81%.
- Jeera (Cumin): -28.77%.
- Tomato: -28.51%.
- Cauliflower: -21.19%.
- Garlic: -20.32%.
Data Collection:
- Price data collected from 1,114 urban markets and 1,181 villages across all States/UTs.
- 100% rural and 98.6% urban data collection completed.
Important Terms Explained:
- Consumer Price Index (CPI): Measures changes in retail prices of goods and services.
- Consumer Food Price Index (CFPI): Measures changes in food prices for consumers.
- Basis Points (bps): A unit of interest rate or inflation measurement; 1 bps = 0.01%.
Tabular Summary:
Category | Details |
Why in News? | Consumer Price Index (CPI) for February 2025 released. |
Overall CPI Inflation | 3.61%. |
Food Inflation (CFPI) | 3.75%. |
Rural Inflation | 3.79%. |
Urban Inflation | 3.32%. |
Housing Inflation | 2.91%. |
Fuel & Light Inflation | -1.33%. |
Education Inflation | 3.83%. |
Health Inflation | 4.12%. |
Transport & Communication Inflation | 2.87%. |
Highest Inflation Item | Coconut Oil (54.48%). |
Lowest Inflation Item | Ginger (-35.81%). |
8. What was the overall IIP growth recorded for January 2025?
A) 4.4%
B) 5.0%
C) 6.3%
D) 3.2%
E) 7.2%
Answer: B) 5.0%
Event and Location:
- Event: India’s Industrial Growth Reaches 5.0% in January 2025.
- Date: March 12, 2025.
- Location: India.
Mandates and Objectives:
- The Ministry of Statistics and Programme Implementation (MoSPI) released the Quick Estimates of Index of Industrial Production (IIP) for January 2025.
- IIP recorded a 5.0% growth, an improvement from 3.2% in December 2024.
- The manufacturing sector was the biggest contributor to the growth, followed by mining and electricity.
Key Highlights of IIP for January 2025:
- Overall Industrial Growth:
- IIP Growth: 5.0% (up from 3.2% in December 2024).
- IIP Index Value: 161.3 (compared to 153.6 in January 2024).
- Sector-wise Performance:
- Mining Sector: 4.4% growth (Index: 150.7).
- Manufacturing Sector: 5.5% growth (Index: 159.1).
- Electricity Sector: 2.4% growth (Index: 201.9).
- Industry-wise Performance (Manufacturing Sector – NIC 2-digit level):
- 19 out of 23 industries recorded positive growth.
- Top 3 industries driving growth:
- Manufacture of Basic Metals: 6.3% growth.
- Manufacture of Coke & Refined Petroleum Products: 8.5% growth.
- Manufacture of Electrical Equipment: 21.7% growth.
Key Items Driving Growth:
- Basic Metals: Steel pipes, alloy steel products, MS blooms/billets/ingots.
- Coke & Petroleum Products: Diesel, petrol, LPG.
- Electrical Equipment: Small transformers, optical fiber connectors, electric heaters.
Use-Based Classification (Index Values & Growth Rates):
Category | Index Value | Growth Rate |
Primary Goods | 162.8 | 5.5% |
Capital Goods | 116.8 | 7.8% |
Intermediate Goods | 172.3 | 5.2% |
Infrastructure/Construction | 199.6 | 7.0% |
Consumer Durables | 130.2 | 7.2% |
Consumer Non-Durables | 164.5 | -0.2% |
Top Three Contributors to IIP Growth (Use-Based Classification):
- Primary Goods.
- Infrastructure/Construction Goods.
- Intermediate Goods.
Data Collection & Revisions:
- January 2025 data: Quick Estimate.
- December 2024 data: First revision.
- October 2024 data: Final revision.
- Weighted Response Rates:
- January 2025: 90%.
- December 2024: 94%.
- October 2024: 96%.
Important Terms Explained:
- Index of Industrial Production (IIP): Measures the growth rate of different industrial sectors.
- Quick Estimates: Preliminary data subject to revision in subsequent months.
- Consumer Durables & Non-Durables:
- Durables: Long-term goods like appliances and electronics.
- Non-Durables: Short-term goods like food and pharmaceuticals.
Tabular Summary:
Category | Details |
Why in News? | India’s IIP recorded 5.0% growth in January 2025. |
Overall IIP Growth | 5.0% (Index: 161.3). |
Mining Sector Growth | 4.4% (Index: 150.7). |
Manufacturing Sector Growth | 5.5% (Index: 159.1). |
Electricity Sector Growth | 2.4% (Index: 201.9). |
Top Growing Industries | Basic Metals (6.3%), Coke & Petroleum (8.5%), Electrical Equipment (21.7%). |
Primary Goods Growth | 5.5% (Index: 162.8). |
Capital Goods Growth | 7.8% (Index: 116.8). |
Intermediate Goods Growth | 5.2% (Index: 172.3). |
Infrastructure/Construction Growth | 7.0% (Index: 199.6). |
Consumer Durables Growth | 7.2% (Index: 130.2). |
Consumer Non-Durables Growth | -0.2% (Index: 164.5). |
Appointments – Daily Current Affairs March 13
9. Who has been appointed as the Head of Security Operations Center at ICICI Bank?
A) Rajesh Gopinathan
B) Kamal Wali
C) Ritesh Tiwari
D) Nitin Chugh
E) Sanjay Mehrotra
Answer: B) Kamal Wali
Event and Location:
- Event: ICICI Bank Appoints Kamal Wali as Head of Security Operations.
- Date: March 2025.
- Location: ICICI Bank Headquarters, Mumbai, India.
Mandates and Objectives:
- ICICI Bank appointed Kamal Wali as the Head of Security Operations Center.
- The appointment highlights the bank’s focus on cybersecurity, risk management, and digital resilience.
- Wali’s role involves enhancing security infrastructure to protect customer data and transactions.
Key Highlights of the Appointment:
- Role & Responsibilities:
- Overseeing security operations and implementing risk mitigation strategies.
- Strengthening digital security to counter cyber threats.
- Enhancing data protection measures for secure banking operations.
- Experience & Previous Roles:
- 18+ years of experience in cybersecurity and IT operations.
- Held leadership positions at:
- Jio Platforms Limited.
- Wipro.
- IBM.
- Intex Technologies.
- Spanco Telesystems.
- Specialized in security frameworks, operational security strategies, and complex project implementation.
ICICI Bank’s Cybersecurity Focus:
- Strengthening cybersecurity to counter increasing digital threats.
- Ensuring secure transactions and data protection.
- Reinforcing customer trust in ICICI Bank’s digital banking infrastructure.
Important Terms Explained:
- Security Operations Center (SOC): A centralized unit that monitors, detects, and responds to cybersecurity incidents.
- Cybersecurity Frameworks: Industry standards and guidelines designed to protect digital systems from cyber threats.
- Risk Mitigation Strategies: Measures taken to reduce vulnerabilities and enhance digital security.
Tabular Summary:
Category | Details |
Why in News? | ICICI Bank appointed Kamal Wali as Head of Security Operations. |
Appointed Person | Kamal Wali. |
New Role | Head of Security Operations Center, ICICI Bank. |
Experience | 18+ years in cybersecurity & IT operations. |
Past Organizations | Jio Platforms, Wipro, IBM, Intex, Spanco Telesystems. |
Key Responsibilities | Strengthening cybersecurity, risk mitigation, and data protection. |
ICICI Bank’s Focus | Enhancing digital security & ensuring customer trust. |
Awards – Daily Current Affairs March 13
10. Who became the first Indian to receive the Ramsar Award for ‘Wetland Wise Use’?
A) Celeste Saulo
B) Jayshree Vencatesan
C) Jennifer George
D) Tatiana Minayeva
E) Sunita Narain
Answer: B) Jayshree Vencatesan
Event and Location:
- Event: Ramsar Award for Wetland Wise Use 2024.
- Date: March 8, 2024.
- Location: Geneva, Switzerland.
Mandates and Objectives:
- The Ramsar Award is an international recognition given by the Ramsar Convention on Wetlands to honor contributions to wetland conservation and sustainable management.
- Jayshree Vencatesan was awarded under the ‘Wise Use of Wetlands’ category, making her the first Indian to receive this honor.
- The award was announced on the eve of International Women’s Day 2024.
Jayshree Vencatesan’s Contributions:
- Work in Wetland Conservation:
- Co-founder of Care Earth Trust, Chennai, dedicated to wetland preservation.
- Extensive research on Pallikaranai Marsh, Chennai, highlighting its biodiversity.
- Advocated for wetlands’ role in flood mitigation and urban planning.
- Mentorship & Women Empowerment:
- Led an all-women research team, mentoring female conservationists.
- Advocated for increasing women’s roles in environmental governance.
- Challenges in Wetland Conservation:
- Land Ownership Issues: Outdated land records create restoration challenges.
- Bureaucratic Red Tape: Legal and regulatory hurdles delay conservation efforts.
- Lack of Awareness: Wetlands are often seen as wastelands rather than vital ecosystems.
- Dedication of the Award:
- Dedicated the award to her late father, Mayur Narasimhan, who inspired her passion for nature.
Other Women Recognized in the Ramsar Awards:
- Celeste Saulo: Secretary General of the World Meteorological Organization (WMO).
- Jennifer George: CEO of the East Asian-Australasian Flyway Partnership (EAAFP).
- Tatiana Minayeva: Consultant at Care for Ecosystems.
Tamil Nadu’s Wetland Heritage:
- Tamil Nadu has 18 Ramsar sites, showcasing its rich wetland biodiversity.
- Wetland conservation efforts in the state are crucial due to rapid urbanization.
Important Terms Explained:
- Ramsar Convention on Wetlands: An international treaty established in 1971 in Ramsar, Iran, for wetland conservation.
- Wise Use of Wetlands: A principle promoting sustainable wetland management for ecological and human benefits.
- Pallikaranai Marsh: A significant freshwater wetland in Chennai, home to 337+ species of flora and fauna.
Tabular Summary:
Category | Details |
Why in News? | Jayshree Vencatesan became the first Indian to receive the Ramsar Award for ‘Wetland Wise Use’. |
Awarded By | Ramsar Secretariat, Geneva on March 8, 2024 (International Women’s Day). |
Category | ‘Wise Use of Wetlands’ under the Ramsar Awards. |
Key Contributions | Wetland conservation (Pallikaranai Marsh, Chennai), biodiversity research, flood mitigation efforts, women mentorship. |
Challenges Faced | Bureaucratic hurdles, outdated land titles, lack of awareness about wetland significance. |
Dedication | Dedicated the award to her late father, Mayur Narasimhan. |
Call to Action | Urged investment in women’s technical education in environmental conservation. |
Tamil Nadu’s Ramsar Sites | 18 Ramsar wetlands, highlighting the state’s rich wetland heritage. |
Other Women Recognized | Celeste Saulo (WMO), Jennifer George (EAAFP), Tatiana Minayeva (Care for Ecosystems). |
11. Which airport won the ASQ Award 2024 for Best Airport Over 40 Million Passengers in Asia-Pacific?
A) Changi Airport, Singapore
B) Indira Gandhi International Airport, Delhi
C) Hong Kong International Airport
D) Incheon International Airport, South Korea
E) Narita International Airport, Japan
Answer: B) Indira Gandhi International Airport, Delhi
Event and Location:
- Event: ASQ Airport Experience Award 2024.
- Date: March 2025.
- Location: Delhi, India.
Mandates and Objectives:
- The Airport Service Quality (ASQ) Awards recognize the world’s best airports based on passenger satisfaction surveys.
- Organized by Airports Council International (ACI), these awards are the gold standard for airport excellence.
- Delhi International Airport won the Best Airport Over 40 Million Passengers in Asia-Pacific category.
Key Highlights of Delhi International Airport’s Recognition:
- Seventh consecutive win in this category, previously securing the award from 2018 to 2023.
- Recognized for passenger experience, operational efficiency, and world-class services.
- Major milestone in 2024: Delhi Airport became one of the few airports globally to serve 100 million passengers annually.
Understanding the ASQ Awards:
- Global Benchmarking: The only international program measuring real-time passenger experience.
- Passenger-Centric Approach: Based on feedback across multiple service parameters.
- Worldwide Participation: 400+ airports participate in ASQ surveys.
Upcoming ASQ Awards Ceremony:
- The ASQ Awards Ceremony will be held on September 10, 2025, in Guangzhou, China.
- Part of the ACI World’s annual Customer Experience Summit (September 8-11, 2025).
About GMR Airports Limited (GAL):
- Operator of Delhi International Airport.
- Manages airports in Hyderabad, Goa, Indonesia (Medan), and the Philippines (Mactan Cebu).
- Developing greenfield projects in Bhogapuram (Visakhapatnam, India) and Crete (Greece).
- Operates India’s largest MRO (Maintenance, Repair, and Overhaul) facility.
- GMR Innovex: Focuses on technology-driven airport solutions.
- GMR Aero Academy & School of Aviation: Provides aviation training and workforce development.
Groupe ADP – A Strategic Partner:
- Co-promoter of GMR Airports Limited.
- Manages Paris-Charles de Gaulle, Paris-Orly, and Paris-Le Bourget airports.
- Handled 336.4 million passengers worldwide in 2023.
Important Terms Explained:
- Airports Council International (ACI): A global organization representing airport operators worldwide.
- Airport Service Quality (ASQ) Awards: ACI’s benchmark program assessing passenger satisfaction at airports.
- MPPA (Million Passengers Per Annum): A metric measuring airport capacity and traffic volume.
- GMR Innovex: A division of GMR focused on digital transformation in airport operations.
Tabular Summary:
Category | Details |
Why in News? | Delhi International Airport won the ASQ Award 2024 for Best Airport Over 40 MPPA in Asia-Pacific. |
Awarding Organization | Airports Council International (ACI). |
Category | Best Airport Over 40 Million Passengers in Asia-Pacific. |
Award Basis | Passenger satisfaction surveys conducted at airports worldwide. |
Previous Wins | 2018 – 2023 (six consecutive years) before 2024. |
Statement by DIAL CEO | Recognized for continuous improvement in passenger experience and operational efficiency. |
Upcoming ASQ Awards Ceremony | September 10, 2025, Guangzhou, China. |
Delhi Airport’s Major Milestone | Achieved 100 million passengers annually in 2024. |
GMR Airports Limited (GAL) | Operates airports in India (Delhi, Hyderabad, Goa), Indonesia, and the Philippines. |
Groupe ADP | Co-promoter of GAL, managing Paris airports and other global aviation hubs. |
GMR Innovex & Aero Academy | Focuses on digital transformation and aviation training. |
12. Which initiative won Muthoot Microfin the SKOCH Award for Best Customer Application on Digital Financial Inclusion?
A) Griha Raksha Insurance Scheme
B) Mahila Mitra
C) Sakhi Loan Scheme
D) Swavalamban Digital Finance
E) Udyogini Credit Program
Answer: B) Mahila Mitra
Event and Location:
- Event: Muthoot Microfin Wins Double Gold at SKOCH Awards 2025.
- Date: March 2025.
- Location: New Delhi, India.
Mandates and Objectives:
- Muthoot Microfin, a leading microfinance institution, won two Gold Awards at the SKOCH Awards 2025.
- Recognized for digital financial inclusion and innovative insurance solutions.
- Awards were presented to Sadaf Sayeed, CEO of Muthoot Microfin, by Sameer Kochhar (Chairman, SKOCH Group) and Gursharan Dhanjal (Vice-Chairman, SKOCH Group).
Muthoot Microfin’s Achievements at SKOCH Awards 2025:
- Corporate Excellence – “Best Customer Application on Digital Financial Inclusion”
- Awarded for Mahila Mitra, a digital platform that enhances financial transactions for women in rural India.
- Key Highlights:
- 1.73 million downloads.
- 4.2-star rating.
- Provides seamless and secure digital transactions for women entrepreneurs.
- Eliminates financial barriers for underserved communities.
- BFSI Award – “Best Insurance Scheme”
- Awarded for Griha Raksha Insurance Scheme.
- Key Highlights:
- Coverage for 2.66 million beneficiaries.
- Provides a financial safety net for low-income households.
- Empowers women entrepreneurs by reducing financial risks.
Muthoot Microfin’s Impact on Women Entrepreneurs:
- Enabled 34.2 lakh women-led households.
- Positively impacted 1.4 crore Indians.
- Provides microloans for small business expansion.
- Promotes financial literacy and digital adoption in rural areas.
The Significance of SKOCH Awards:
- Among India’s most prestigious independent awards in governance, finance, and inclusive development.
- Recognizes organizations that demonstrate innovation, efficiency, and societal impact.
About Muthoot Microfin Ltd.:
- Part of Muthoot Pappachan Group (Muthoot Blue).
- 3.42 million active customers.
- 1,651 branches across 20 states and 379 districts.
- Gross Loan Portfolio (GLP): ₹12,404.9 Cr (as of Dec 31, 2024).
- Listed on S&P BSE Financial Services Index.
Important Terms Explained:
- Microfinance Institution (MFI): Provides small loans to low-income individuals and small businesses.
- Financial Inclusion: Ensuring access to financial services for underserved communities.
- BFSI (Banking, Financial Services, and Insurance): A sector covering financial institutions providing banking, investment, and insurance services.
Tabular Summary:
Category | Details |
Why in News? | Muthoot Microfin won two Gold Awards at the SKOCH Awards 2025. |
Awards Won | 1. Best Customer Application on Digital Financial Inclusion (Mahila Mitra). 2. Best Insurance Scheme (Griha Raksha Insurance Scheme). |
Significance of Mahila Mitra | 1.73 million downloads, 4.2-star rating. Enhances financial inclusion via secure digital transactions for women. |
Significance of Griha Raksha | Coverage for 2.66 million beneficiaries. Ensures financial security for low-income women and families. |
CEO’s Statement | Sadaf Sayeed emphasized bridging the financial inclusion gap for women. |
Impact on Women Entrepreneurs | 34.2 lakh women-led households benefited. 1.4 crore Indians positively impacted. |
About Muthoot Microfin | Part of Muthoot Pappachan Group. GLP: ₹12,404.9 Cr (as of Dec 31, 2024). |
Significance of SKOCH Awards | Recognizes excellence in governance, finance, and inclusive development. |
13. For which field were Andrew Barto and Richard Sutton awarded the 2024 ACM A.M. Turing Award?
A) Neural Networks
B) Reinforcement Learning
C) Cryptography
D) Quantum Computing
E) Cloud Computing
Answer: B) Reinforcement Learning
Event and Location:
- Event: ACM A.M. Turing Award 2024.
- Date: Announced in March 2025.
- Location: United States.
Mandates and Objectives:
- Andrew G. Barto and Richard S. Sutton received the 2024 ACM A.M. Turing Award for their groundbreaking contributions to Reinforcement Learning (RL).
- The award, known as the “Nobel Prize of Computing,” carries a $1 million prize, sponsored by Google.
- Their work laid the foundation for modern AI systems, including deep reinforcement learning applications.
Key Highlights of the ACM A.M. Turing Award 2024:
- Recipients and Contributions:
- Andrew G. Barto: Professor at University of Massachusetts, Amherst.
- Richard S. Sutton: Professor at University of Alberta, Canada.
- Key Contributions to RL:
- Temporal Difference Learning: Solves reward prediction problems.
- Policy-Gradient Methods: Optimizes decision-making policies.
- Neural Network-Based Function Representations: Helped in deep RL advancements.
- Combining Learning and Planning: Enhanced AI’s ability to understand environments.
- Notable Achievements:
- Published the textbook “Reinforcement Learning: An Introduction” (1998), cited over 75,000 times.
- Their work inspired major AI breakthroughs, including AlphaGo, ChatGPT, and robotics.
- Mathematical Foundation: Based on Markov Decision Processes (MDPs).
Impact and Real-World Applications:
- Artificial Intelligence & Machine Learning:
- AlphaGo: The first AI to defeat human champions in Go.
- ChatGPT’s RLHF (Reinforcement Learning from Human Feedback): Used to fine-tune chatbot behavior.
- Robotics:
- Autonomous robots use RL to learn motor skills, grasp objects, and even solve Rubik’s Cube.
- Industrial & Business Applications:
- Supply Chain Optimization: AI-powered inventory and logistics improvements.
- Network Congestion Control: RL used in efficient internet traffic management.
- Chip Design: Google’s AI-driven chip layout optimizations.
- Neuroscience & Human Learning:
- Their work provides insights into the dopamine system, explaining how human brains learn through rewards and punishments.
- Recognition & Statements:
- ACM President Yannis Ioannidis: Praised their work for its lasting impact across multiple fields.
- Google Senior VP Jeff Dean: Recognized RL as a “lynchpin of AI progress.”
Important Terms Explained:
- Reinforcement Learning (RL): AI learns by interacting with an environment and receiving rewards for good actions.
- Temporal Difference Learning: A technique for predicting future rewards in uncertain environments.
- Policy-Gradient Methods: A method for optimizing decision-making strategies.
- Markov Decision Processes (MDPs): A mathematical framework for decision-making under uncertainty.
Tabular Summary:
Category | Details |
Why in News? | Andrew Barto & Richard Sutton won the 2024 ACM A.M. Turing Award. |
Award Name | ACM A.M. Turing Award 2024. |
Recipients | Andrew G. Barto & Richard S. Sutton. |
Field of Contribution | Reinforcement Learning (RL). |
Key Concept | Learning through rewards and punishments. |
Major Achievements | Temporal Difference Learning, Policy-Gradient Methods, Deep RL advancements. |
Notable Work | “Reinforcement Learning: An Introduction” (1998). |
Practical Applications | AlphaGo, ChatGPT, robotics, supply chain optimization, network control. |
Connection to Neuroscience | Insights into the human dopamine system. |
Prize Amount | $1 million. |
Science and Technology – Daily Current Affairs March 13
14. What is the primary objective of NASA’s SPHEREx mission?
A) Studying the Sun’s outer corona and solar wind
B) Mapping cosmic light from the earliest galaxies
C) Observing the asteroid belt for potential resources
D) Tracking space debris around Earth
E) Investigating black hole mergers
Answer: B) Mapping cosmic light from the earliest galaxies
Event and Location:
- Event: NASA’s SPHEREx and PUNCH Missions.
- Date: Scheduled launch in 2025.
- Location: Launched aboard a SpaceX Falcon Rocket.
Mandates and Objectives:
- NASA is launching two major space missions – SPHEREx and PUNCH.
- SPHEREx will map cosmic infrared light from the earliest galaxies.
- PUNCH will study the Sun’s outer corona and solar wind.
- The missions will advance astrophysics and heliophysics, improving our understanding of the universe and space weather.
Key Highlights of SPHEREx and PUNCH Missions:
- SPHEREx: Unlocking the Universe’s Cosmic Glow
- Mission Goal: Measure the total light from galaxies across cosmic history, including those from the Big Bang.
- Technology Used:
- Infrared detectors to scan the entire sky.
- Will conduct four complete surveys over two years.
- Orbit altitude: 400 miles (640 km) above Earth.
- Key Discoveries Expected:
- Insights into the formation of the first galaxies.
- Understanding why the universe expanded rapidly after the Big Bang.
- Mapping interstellar ices to learn about water and organic molecule distribution in early planetary systems.
- PUNCH: Investigating the Sun’s Outer Atmosphere
- Mission Goal: Study how solar material transitions from the Sun’s corona into interplanetary space.
- Technology Used:
- Four small satellites working together.
- Polarimetric imaging for high-resolution observation of solar wind and coronal mass ejections (CMEs).
- Key Discoveries Expected:
- Track solar wind movement across space.
- Improve space weather forecasting to protect satellites and astronauts.
- Understand how solar storms impact Earth’s magnetosphere, GPS, and communication systems.
Impact of SPHEREx and PUNCH on Space Research:
- SPHEREx:
- Creates the most detailed infrared 3D map of the universe.
- Helps trace galaxy formation and evolution.
- PUNCH:
- Enhances real-time monitoring of solar activity.
- Improves predictions of solar storms to mitigate space weather risks.
Important Terms Explained:
- Infrared Mapping: A technique used to detect cosmic radiation from distant galaxies.
- Polarimetric Imaging: A method to observe solar wind movement using light polarization.
- Coronal Mass Ejection (CME): A powerful burst of solar energy that can disrupt Earth’s magnetic field and electronics.
- Heliosphere: The outermost layer of the Sun’s influence, extending beyond Pluto.
Tabular Summary:
Category | Details |
Why in News? | NASA is launching SPHEREx and PUNCH missions to study space and solar activity. |
Missions | SPHEREx (Cosmic Light Study) & PUNCH (Solar Wind Study). |
Launch Vehicle | SpaceX Falcon Rocket. |
SPHEREx Technology | Infrared detectors for mapping cosmic light. |
PUNCH Technology | Polarimetric imaging to observe solar wind. |
SPHEREx Goal | Understand galaxy formation and the Big Bang’s aftermath. |
PUNCH Goal | Track solar storms and improve space weather forecasting. |
Expected Impact | Advances astrophysics, galaxy research, and solar storm predictions. |
Defence – Daily Current Affairs March 13
15. What is the primary purpose of the White Shipping Agreement between India and Mauritius?
A) Establishing naval bases in the Indian Ocean
B) Sharing commercial shipping data for maritime security
C) Conducting joint military exercises
D) Enhancing tourism and trade relations
E) Strengthening air defense cooperation
Answer: B) Sharing commercial shipping data for maritime security
Event and Location:
- Event: INS Imphal Strengthens India-Mauritius Ties.
- Date: March 10-12, 2025.
- Location: Port Louis, Mauritius.
Mandates and Objectives:
- India and Mauritius are set to sign a White Shipping Agreement to enhance maritime security cooperation.
- This agreement enables the exchange of commercial shipping information between the Indian and Mauritian navies and coast guards.
- The move is part of India’s broader strategy to counter Chinese naval presence in the Indian Ocean.
Key Highlights:
- Maritime Security Agreement:
- Purpose: Strengthen monitoring capabilities in the Western Indian Ocean.
- Enhances regional cooperation and improves maritime surveillance.
- Part of India’s SAGAR (Security and Growth for All in the Region) initiative.
- INS Imphal’s Role in Strengthening Bilateral Ties:
- Made its maiden port call to Mauritius on March 10, 2025.
- Participated in Mauritius’ National Day celebrations on March 12, 2025.
- Engaged in joint exercises with the Mauritius Coast Guard (MCGS).
- Strategic Importance of India-Mauritius Relations:
- Supports Mauritius’ sovereignty over the Chagos Archipelago, which remains under UK control.
- India assisted in the development of airstrips and infrastructure on Agalega Island.
- Aims to counter growing Chinese naval influence in the region.
- Geopolitical Context – Chagos Islands Dispute:
- Mauritius gained independence in 1968, but the UK retains control over Chagos.
- Diego Garcia, the largest island in Chagos, has housed a US military base since 1966.
- A 2021 international tribunal ruled that the UK must return Chagos to Mauritius, but the UK plans to retain Diego Garcia.
- India aims to strengthen its regional role after being caught off guard by the establishment of the US base on Diego Garcia.
Important Terms Explained:
- White Shipping Agreement: An agreement between countries to share commercial shipping data for enhanced maritime security.
- SAGAR (Security and Growth for All in the Region): India’s maritime cooperation initiative to ensure stability and security in the Indian Ocean.
- Chagos Archipelago Dispute: A territorial conflict between Mauritius and the UK over the Chagos Islands, where the US maintains a military base on Diego Garcia.
Tabular Summary:
Category | Details |
Why in News? | INS Imphal strengthens India-Mauritius maritime security ties. |
Agreement Type | White Shipping Agreement. |
Purpose | Sharing commercial shipping data for maritime security. |
Participants | Indian & Mauritian Navies and Coast Guards. |
Strategic Importance | Enhancing security in the Western Indian Ocean. |
INS Imphal’s Role | Participating in Mauritius’ National Day (March 12) & joint exercises. |
India’s SAGAR Initiative | Security and Growth for All in the Region (Announced in 2015). |
Chagos Islands Dispute | UK retains control, US operates a base on Diego Garcia. |
India’s Stance on Chagos | Supports Mauritius’ sovereignty over the region. |
International Affairs – Daily Current Affairs March 13
16. Where was the 4th ‘No Money for Terror’ (NMFT) Conference held?
A) Paris, France
B) New Delhi, India
C) Munich, Germany
D) Washington D.C., USA
E) Geneva, Switzerland
Answer: C) Munich, Germany
Event and Location:
- Event: 4th ‘No Money for Terror’ (NMFT) Conference.
- Date: March 2025.
- Location: Munich, Germany.
Mandates and Objectives:
- The NMFT Conference focuses on global efforts to combat terror financing.
- India has been an active participant since 2018, playing a crucial role in shaping international anti-terror financing policies.
- The conference addressed cross-border terror financing, digital financial threats, and the need for stronger global cooperation.
Key Highlights of India’s Participation:
- Concerns Raised by India:
- Terror financing increasingly involves cross-border transactions and digital networks.
- Terrorists use evolving financial methods to transfer assets undetected.
- India called for greater international cooperation to track and counter terror financing.
India’s Efforts to Combat Terror Financing:
- Legal and Institutional Measures:
- Strengthened Unlawful Activities (Prevention) Act (UAPA), 1967 and Prevention of Money Laundering Act (PMLA), 2002.
- Terror Funding and Fake Currency (TFFC) Cell established under NIA (National Investigation Agency).
- Amendments in UAPA & NIA Act (2019): Allowed asset seizure, attachment, and forfeiture.
- Enforcement and Intelligence Mechanisms:
- National Investigation Agency (NIA) introduced three new verticals focusing on:
- Cyber Terrorism.
- Explosives & Prohibited Arms.
- Human Trafficking.
- Fake Indian Currency Note Coordination Centre (FCORD) established to curb counterfeit currency circulation.
- National Investigation Agency (NIA) introduced three new verticals focusing on:
- Financial Sector Regulations:
- Reserve Bank of India (RBI) monitors regulations to prevent illicit financial activities.
- Financial Intelligence Unit-India (FIU-IND) empowered to issue guidelines for detecting suspicious transactions.
- Permanent Working Group on Terror Financing Identification established, including:
- Law Enforcement Agencies (LEAs).
- Social Media & Messaging Platforms.
- Crowdfunding Platforms.
Addressing Virtual Digital Assets (Cryptocurrency) Risks:
- Virtual Digital Asset Service Providers (VDA SPs) brought under PMLA, 2002.
- Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance made mandatory for cryptocurrency firms.
- Enhanced monitoring through KYC requirements and risk assessment.
Technology-Driven Countermeasures:
- National Intelligence Grid (NATGRID) developed as an IT platform for intelligence sharing among enforcement agencies.
- Strengthened real-time inter-agency coordination to track suspicious financial activities.
India’s Global Role in NMFT:
- India has been actively participating in NMFT since 2018.
- Enhancing cooperation with global partners for more targeted enforcement against terror financing.
Important Terms Explained:
- Unlawful Activities (Prevention) Act (UAPA), 1967: A law aimed at preventing unlawful activities, including terrorism-related offenses.
- Prevention of Money Laundering Act (PMLA), 2002: Provides for confiscation of properties involved in money laundering activities.
- Financial Intelligence Unit-India (FIU-IND): An agency under the Ministry of Finance responsible for analyzing financial transactions related to suspicious activities.
- National Intelligence Grid (NATGRID): A centralized intelligence-sharing platform connecting security agencies for counter-terrorism efforts.
- No Money for Terror (NMFT) Conference: An international forum for coordinating efforts to combat terror financing.
Tabular Summary:
Category | Details |
Why in News? | India’s role in the 4th ‘No Money for Terror’ (NMFT) Conference. |
Conference Name | 4th ‘No Money for Terror’ (NMFT) Conference. |
Location | Munich, Germany. |
India’s Key Concerns | Cross-border terror financing, digital financial threats, and need for global cooperation. |
Legal Framework | UAPA (1967), PMLA (2002), Amendments in UAPA & NIA Act (2019). |
Key Enforcement Bodies | NIA, FCORD, FIU-IND, RBI. |
New Vertical Focus Areas | Cyber Terrorism, Explosives & Prohibited Arms, Human Trafficking. |
Regulatory Actions on Crypto | VDA SPs brought under PMLA, AML/CFT compliance mandated. |
Technology Used | NATGRID for intelligence sharing, FIU-IND for financial monitoring. |
India’s Global Role | Active participant in NMFT since 2018, enhancing targeted enforcement coordination. |
17. Who represented India at the 69th Session of the United Nations Commission on the Status of Women (UNCSW)?
A) Nirmala Sitharaman
B) Smriti Irani
C) Annpurna Devi
D) Droupadi Murmu
E) S. Jaishankar
Answer: C) Annpurna Devi
Event and Location:
- Event: 69th Session of the United Nations Commission on the Status of Women (UNCSW).
- Date: March 10-21, 2025.
- Location: UN Headquarters, New York.
Mandates and Objectives:
- India actively participated in the 69th UNCSW session, focusing on gender equality and women’s empowerment.
- Union Minister for Women and Child Development, Smt. Annpurna Devi, led India’s delegation.
- The session addressed global efforts to accelerate gender policies and strengthen women’s rights.
Key Highlights of India’s Participation:
- India’s Leadership at UNCSW 69:
- Smt. Annpurna Devi delivered India’s National Statement at the Ministerial Forum.
- India emphasized a whole-of-government and whole-of-society approach to women’s empowerment.
- Reaffirmed commitment to achieving Sustainable Development Goals (SDGs).
- Focus on Gender Equality & Women’s Development:
- Addressed 12 critical areas of concern under the Beijing Platform for Action.
- Highlighted flagship schemes improving women’s health, education, nutrition, and financial independence.
- Strengthened India’s global stance on gender-inclusive policymaking.
- Ministerial Round Table & Policy Advocacy:
- Participated in discussions on National Mechanisms for Gender Equality.
- Stressed the need to recommit, resource, and accelerate gender-related policies.
- Advocated for greater outreach and implementation of women’s rights programs.
Bilateral Meetings with Global Leaders:
- India strengthened gender cooperation through meetings with:
- Ms. Melrose Karminty (Sierra Leone).
- Mr. Sodyq S. Safoev (Uzbekistan).
- Dr. Vindhya Persaud (Guyana).
- Ms. Antonia Orellana Guarello (Chile).
- Overview of the 69th UNCSW Session:
- Largest intergovernmental forum for gender equality and women’s empowerment.
- Operates under the UN Economic and Social Council (ECOSOC).
- Engages UN member states, private sector, civil society, and global organizations.
- India’s Vision for Women’s Welfare:
- “The welfare of women and children is at the core of our nation’s progress.”
- Aims to empower every woman and nurture every child in a safe environment.
Important Terms Explained:
- Beijing Platform for Action: A UN framework adopted in 1995 to advance gender equality globally.
- UNCSW (United Nations Commission on the Status of Women): A UN body dedicated to promoting gender equality and women’s rights.
- Sustainable Development Goals (SDGs): A UN agenda with 17 global goals, including gender equality (SDG 5).
Tabular Summary:
Category | Details |
Why in News? | India participated in the 69th UNCSW session. |
Event | 69th UN Commission on the Status of Women (UNCSW). |
Date & Venue | March 10-21, 2025 – UN Headquarters, New York. |
India’s Representative | Smt. Annpurna Devi, Union Minister, WCD. |
Key Themes | Gender equality, women’s rights, SDGs. |
India’s Focus Areas | Women’s health, education, economic empowerment, nutrition. |
Ministerial Round Table | Strengthening national gender equality mechanisms. |
Bilateral Meetings | Sierra Leone, Uzbekistan, Guyana, Chile. |
Global Participants | UN Member States, private sector, NGOs, civil society. |
Key Message | Commitment to holistic women’s empowerment and child welfare. |
National Affairs – Daily Current Affairs March 13
18. What was the primary focus of the Water Sustainability Conference 2025?
A) Domestic water conservation strategies
B) Industrial Water Use Efficiency
C) Agricultural water management
D) Groundwater depletion solutions
E) Urban water distribution systems
Answer: B) Industrial Water Use Efficiency
Event and Location:
- Event: Water Sustainability Conference 2025.
- Date: March 12, 2025.
- Location: NDMC Convention Centre, New Delhi.
Mandates and Objectives:
- Hosted by the Bureau of Water Use Efficiency (BWUE) under the National Water Mission (NWM), Ministry of Jal Shakti, in collaboration with The Energy and Resources Institute (TERI).
- Aimed at enhancing Industrial Water Use Efficiency by encouraging industries to adopt water conservation technologies and sustainable practices.
- Promoted industry-government partnerships for sustainable water use.
Key Highlights:
- Inauguration & Leadership Address:
- Inaugurated by Shri C. R. Patil, Union Minister of Jal Shakti.
- Emphasized the 4R approach (Reduce, Reuse, Recycle, Recharge) and introduced
- Respect as the 5th principle.
- Highlighted successful models like PEPL Kadodara (Surat) and Vapi Paper Industry for industrial water use efficiency.
- Government’s Vision & Strategy:
- Highlighted key initiatives like Jal Jeevan Mission and Jal Shakti Abhiyan for sustainable water management.
- Encouraged industries to embrace circular economy models focusing on water treatment, reuse, and recycling.
- Keynote Address & Expert Insights:
- Ms. Debashree Mukherjee (Secretary, DoWR, RD&GR, Ministry of Jal Shakti) discussed groundwater recharge, river health, and effluent management.
- Dr. Syamal Kumar Sarkar (TERI Fellow, Former WR & DoPT Secretary) projected India’s industrial water demand to reach 151 BCM by 2050, urging immediate efficiency measures.
- Technical & Ministerial Sessions:
- Ministerial Session: Government strategies to accelerate water efficiency, chaired by Shri Praveen Gupta (CEA Member).
- Technical Session I: Benchmarking industrial water efficiency, featuring case studies from NTPC, SAIL, and CPCB, chaired by Dr. S.K. Sarkar.
- Technical Session II: Achieving Water Neutrality & Net Zero Future, chaired by Dr. Sunil Kumar Ambast (Chairman, CGWB).
Key Recommendations & Outcomes:
- Encourage self-regulation through industrial water audits.
- Adopt water-efficient processes for reuse, recycling, and groundwater recharge.
- Implement water footprint marking and BIS standards for industrial products.
- Promote Zero Liquid Discharge (ZLD) and advanced water recycling technologies.
- Strengthen policy frameworks and introduce real-time water usage monitoring.
- Enhance industry-government collaboration for sustainable water solutions.
Important Terms Explained:
- 4R Approach: A strategy for water conservation focusing on Reduce, Reuse, Recycle, and Recharge, with Respect added as the 5th principle.
- Zero Liquid Discharge (ZLD): A water treatment process ensuring zero wastewater discharge by recovering and recycling water.
- Circular Economy Model: A system aimed at minimizing waste and maximizing resource efficiency through reuse and recycling.
- Water Neutrality: A concept where water consumption is balanced by water conservation measures to maintain sustainability.
Tabular Summary:
Category | Details |
Why in News? | Water Sustainability Conference 2025 focused on Industrial Water Use Efficiency. |
Event Name | Water Sustainability Conference 2025. |
Date & Venue | March 12, 2025, NDMC Convention Centre, New Delhi. |
Organizer | BWUE, NWM, Ministry of Jal Shakti & TERI. |
Chief Guest | Shri C. R. Patil, Union Minister of Jal Shakti. |
Key Focus | Enhancing Industrial Water Use Efficiency. |
4R Approach | Reduce, Reuse, Recycle, Recharge + Respect (5th principle). |
Notable Case Studies | PEPL Kadodara (Surat), Vapi Paper Industry. |
Technical Sessions | Industrial water efficiency, benchmarking, water neutrality, ZLD, policy regulations. |
Key Recommendations | Industrial water audits, circular economy, real-time monitoring, advanced recycling technologies. |
Outcome | Strengthened industry-government collaboration for sustainable water management. |
19. What is the main objective of the PM-YUVA 3.0 scheme?
A) Encouraging students to pursue careers in science and technology
B) Providing financial assistance to aspiring entrepreneurs
C) Mentoring young authors to promote reading and writing culture
D) Offering scholarships for higher education abroad
E) Organizing national-level competitive exams for literature enthusiasts
Answer: C) Mentoring young authors to promote reading and writing culture
Event and Location:
- Event: PM-YUVA 3.0 (Prime Minister’s Scheme for Mentoring Young Authors).
- Date: Launched on March 11, 2025.
- Location: India.
Mandates and Objectives:
- PM-YUVA 3.0 aims to mentor young authors (below 30 years of age) to promote reading, writing, and book culture in India.
- The scheme aligns with the Prime Minister’s vision of encouraging youth to understand India’s cultural and intellectual legacy.
- Implemented by the National Book Trust (NBT), India, under the Ministry of Education.
Key Highlights of PM-YUVA 3.0:
- Program Structure:
- Total Authors Selected: 50.
- Mentorship Duration: June 30, 2025 – December 30, 2025.
- Platform for Selection: www.mygov.in.
- Books Published In: Multiple Indian languages and English.
- Objectives of the Initiative:
- Promote Reading & Writing Culture: Encourage youth to engage with India’s history, culture, and heritage.
- Develop Young Authors: Provide structured mentorship and guidance to emerging writers.
- Showcase Indian Literature Globally: Highlight India’s contributions on the world stage.
Themes of PM-YUVA 3.0:
- Contribution of Indian Diaspora in Nation Building
- Highlights the political, economic, and cultural contributions of Indians abroad.
- Examines how the diaspora influences global policies while maintaining ties with India.
- Indian Knowledge System
- Explores ancient wisdom, scientific contributions, and philosophical traditions.
- Showcases how India’s intellectual heritage has influenced global thought.
- Makers of Modern India (1950-2025)
- Chronicles contributions of visionaries in education, science, economy, and social empowerment.
- Presents India’s post-independence journey through impactful narratives.
Role of the National Book Trust (NBT), India:
- Publishing & Translation: Books developed under the scheme will be published by NBT and translated into multiple languages.
- Literary Engagements: Selected authors will interact with renowned writers and participate in literary festivals.
- National Camp: A special National Camp will be held at the New Delhi World Book Fair 2026.
Impact and Significance:
- Empowering Youth for Nation-Building:
- India’s youth population (66%) will be equipped with intellectual and creative opportunities.
- Alignment with NEP 2020:
- Supports the National Education Policy (NEP) 2020 by fostering leadership and education-driven development.
- Cultural and Literary Exchange:
- Promotes Ek Bharat Shreshtha Bharat by encouraging linguistic and cultural diversity.
- Global Recognition of Indian Literature:
- Helps young Indian authors gain international exposure through global literary collaborations.
Important Terms Explained:
- National Book Trust (NBT): An autonomous publishing house under the Ministry of Education responsible for promoting Indian literature.
- Ek Bharat Shreshtha Bharat: A government initiative promoting national integration through cultural exchange.
- NEP 2020 (National Education Policy): A framework aimed at transforming India’s education system with a focus on research, innovation, and skill development.
Tabular Summary:
Category | Details |
Why in News? | PM-YUVA 3.0 launched to mentor young Indian authors. |
Launch Date | March 11, 2025. |
Implementing Agency | National Book Trust (NBT), India. |
Target Audience | Authors below 30 years of age. |
Major Themes | 1) Contribution of Indian Diaspora. 2) Indian Knowledge System. 3) Makers of Modern India (1950-2025). |
Application Period | March 11 – April 10, 2025. |
Total Authors Selected | 50. |
Mentorship Period | June 30 – December 30, 2025. |
National Camp | New Delhi World Book Fair 2026. |
Languages | Books published in multiple Indian languages and English. |
Over All Review
Sports
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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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Science and Technology
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Defence
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International Affairs
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National Affairs
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