Daily Current Affairs March 27

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 March 27. 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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March 27 | Daily Current Affairs 2025

Sports – Daily Current Affairs March 27

1. Which Indian badminton player recently announced his retirement to focus fully on coaching?
A) Satwiksairaj Rankireddy
B) B Sumeeth Reddy
C) Chirag Shetty
D) Parupalli Kashyap
E) Kidambi Srikanth
Answer: B) B Sumeeth Reddy

Event and Location:

• Event: B Sumeeth Reddy announced retirement from professional badminton to focus on coaching.
• Date: March 27, 2025.
• Location: India.

Mandates and Objectives:

• Career Transition: B Sumeeth Reddy retired from professional play to dedicate himself to badminton coaching.
• Future Vision: Aims to nurture young badminton talent and strengthen India’s performance in doubles events.
• Coaching Role: Will play a key role in India’s coaching panel, especially for women’s doubles players.
• Academy Objective: His Hyderabad-based academy provides structured training programs for young aspirants.

Important Terms Explained:

• B Sumeeth Reddy: Former Indian international doubles badminton player, Olympian, and gold medalist at the 2016 South Asian Games.
• Sikki Sumeeth Badminton Academy: An academy co-founded in 2021 by Sumeeth and his wife, N. Sikki Reddy, to train emerging shuttlers.
• Men’s Doubles Achievements: Highest world ranking of 17 with partner Manu Attri, Olympic qualifier, and multiple international title wins.
• Mixed Doubles Career: Played with partners like N. Sikki Reddy and Ashwini Ponnappa; runner-up at the 2017 Syed Modi International.
• Coaching Panel: Refers to the national team of coaches under Badminton Association of India (BAI) responsible for preparing national squads.

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Ranking – Daily Current Affairs March 27

2. Which Indian company recently became the world’s highest-valued steelmaker with a market cap exceeding $30 billion?
A) Tata Steel
B) Jindal Steel
C) JSW Steel
D) SAIL
E) ArcelorMittal
Answer: C) JSW Steel

Event and Location:

• Event: JSW Steel becomes the world’s highest-valued steelmaker surpassing global peers.
• Date: March 26, 2025.
• Location: India.

Mandates and Objectives:

• Global Leadership: JSW Steel achieved the top global position by market capitalisation, crossing $30 billion.
• Strategic Advantage: The company gained significantly due to strong stock performance and favorable government support.
• Market Expansion: JSW Steel aims to sustain its growth and expand in domestic and international steel markets.
• Investor Confidence: The company’s financial strength and sectoral dominance make it the preferred investment in steel.

Important Terms Explained:

• Market Capitalisation: The total value of a company’s outstanding shares in the stock market; JSW Steel crossed $30 billion in valuation.
• Government Support Measures: Indian government steps to prevent cheap steel imports helped strengthen domestic producers like JSW.
• EBITDA: Earnings before interest, taxes, depreciation, and amortization; used as a key financial performance indicator.
• Bombay Stock Exchange (BSE): A premier stock exchange in India where JSW Steel’s stock hit an all-time high of ₹1,074.15.
• Nucor Corp: A major U.S.-based steel company previously ranked highest in market valuation before being overtaken by JSW Steel.

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Banking and Finance – Daily Current Affairs March 27

3. From which date will ATM withdrawals in India become more expensive due to an increase in interchange fees, as approved by the RBI?
A) April 1, 2025
B) March 27, 2025
C) May 1, 2025
D) June 1, 2025
E) July 1, 2025
Answer: C) May 1, 2025

Event and Location:

• Event: ATM withdrawal charges to be increased.
• Date: May 1, 2025.
• Location: India.

Mandates and Objectives:

• Regulatory Approval: The Reserve Bank of India has approved the increase in ATM interchange fees.
• Purpose of Revision: The hike is aimed at addressing the rising operational costs of white-label ATM operators.
• Customer Applicability: The revised charges will apply when customers exceed their free ATM transaction limit using other bank ATMs.

Important Terms Explained:

• Interchange Fee: A fee banks pay each other when customers use another bank’s ATM, which is passed on to users after exceeding free limits.
• White-Label ATMs: ATMs operated by non-bank entities, accessible to all bank customers, especially in rural and semi-urban areas.
• Financial Transactions: ATM actions like cash withdrawals and fund transfers that involve monetary movement.
• Non-Financial Transactions: ATM services like balance inquiry, mini statements, and PIN changes that do not involve cash.
• Digital Payment Growth: Due to the expansion of platforms like UPI, cash usage and ATM dependency have reduced significantly.

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4. With which organisation has Centrico Insurance Repository partnered to offer digital insurance services?
A) HDFC Life Insurance
B) SBI General Insurance
C) Life Insurance Corporation of India
D) New India Assurance
E) ICICI Prudential Life
Answer: C) Life Insurance Corporation of India

Event and Location:

• Event: Centrico Insurance Repository partnered with LIC for digital insurance services.
• Date: March 27, 2025.
• Location: India.

Mandates and Objectives:

• Partnership Goal: To enhance digital access and management of insurance policies through electronic repositories.
• Customer Benefit: Allows policyholders to store, view, and modify insurance policies electronically.
• Industry Benefit: Aims to encourage paperless, efficient, and secure policy management in the insurance sector.

Important Terms Explained:

• Centrico Insurance Repository: A subsidiary of Central Depository Services Limited (CDSL), offering services to store and manage insurance policies digitally.
• Digital Insurance Repository: A system that allows policyholders to keep insurance policies in electronic form, improving accessibility, safety, and convenience.
• LIC (Life Insurance Corporation of India): India’s largest life insurer, providing a wide range of insurance products and services.
• New Business Premium: The total premium collected from new insurance policies written during a specific period. LIC achieved ₹3.36 trillion in FY25, showing strong growth.

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5. From which date will the revised Priority Sector Lending (PSL) norms issued by RBI come into effect?
A) March 27, 2025
B) April 1, 2025
C) April 15, 2025
D) May 1, 2025
E) March 31, 2025
Answer: B) April 1, 2025

Event and Location:

• Event: RBI revised Priority Sector Lending norms for better credit accessibility.
• Date: April 1, 2025.
• Location: India.

Mandates and Objectives:

• Policy Revision: RBI revised its PSL guidelines to broaden financial inclusion and support critical sectors of the economy.
• Target Sectors: The revised norms focus on agriculture, MSMEs, housing, education, social infrastructure, and renewable energy.
• Inclusion Objective: Aims to increase credit flow to under-served groups and sectors by enhancing loan limits and redefining weaker sections.
• UCB Target Alignment: Urban Cooperative Banks will now follow updated PSL target ratios for improved sectoral credit distribution.

Important Terms Explained:

• Priority Sector Lending (PSL): Lending by banks to sectors identified as critical for the nation’s development, such as agriculture, MSMEs, education, and housing.
• Adjusted Net Bank Credit (ANBC): A bank’s net bank credit plus investments made by banks in non-SLR bonds in the held-to-maturity category.
• Credit Equivalent of Off-Balance Sheet Exposures (CEOBSE): A measure of a bank’s credit risk from off-balance sheet items.
• Weaker Sections: Individuals or groups needing social upliftment; now includes transgenders, SC/ST, SHG/JLG members, and more under revised norms.
• Urban Cooperative Banks (UCBs): Cooperative banks operating in urban and semi-urban areas; now have revised PSL targets set by RBI.

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6. Which currency is used for HDFC Bank’s Embassy Fixed Deposits?
A) Euro
B) Pound Sterling
C) Indian Rupee
D) Japanese Yen
E) United States Dollar
Answer: E) United States Dollar

Event and Location:

• Event: HDFC Bank updated details of Embassy Fixed Deposit scheme for diplomatic entities.
• Date: March 18, 2025.
• Location: India.

Mandates and Objectives:

• Scheme Purpose: To offer a specialized foreign currency fixed deposit option for diplomats and diplomatic institutions operating in India.
• Eligibility Focus: Embassy Deposits are exclusively available to diplomats, non-diplomatic staff, and diplomatic missions.
• Investment Currency: Deposits are accepted only in USD, with a minimum threshold and fixed slab-based interest structure.
• Reinvestment Procedure: No auto-renewal is permitted; reinvestment requires fresh documentation and re-submission.

Important Terms Explained:

• Embassy Fixed Deposit: A specialized term deposit by HDFC Bank in USD, designed specifically for embassy personnel and missions in India.
• Foreign Currency (FCY) Account: A bank account denominated in a currency other than the Indian Rupee, typically used by diplomatic staff and NRIs.
• Interest Rate Slab: Though classified by deposit size, the interest rate remains the same for each tenure regardless of slab.
• Automatic Renewal: Not allowed in this scheme, requiring depositors to reapply post-maturity with relevant documents.
• Market-linked Interest: Interest rates are revised monthly and are subject to change based on prevailing market conditions.

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7. Which bank was penalised ₹75 lakh by the RBI for non-compliance with KYC norms?
A) Punjab National Bank
B) Punjab & Sind Bank
C) HDFC Bank
D) KLM Axiva Finvest
E) ICICI Bank
Answer: C) HDFC Bank

Event and Location:

• Event: RBI imposed penalties on HDFC Bank, Punjab & Sind Bank, and KLM Axiva Finvest for regulatory non-compliance.
• Date: March 26, 2025.
• Location: India.

Mandates and Objectives:

• Enforcement Action: The RBI imposed penalties to enforce strict adherence to regulatory directives.
• Compliance Monitoring: The penalties were issued based on identified deficiencies in KYC, financial inclusion, and regulatory compliance.
• Sector Integrity: The move reinforces RBI’s oversight role and aims to uphold the integrity and stability of the financial system.

Important Terms Explained:

• KYC (Know Your Customer): A regulatory process that ensures financial institutions verify the identity of their clients to prevent money laundering and fraud.
• Financial Inclusion: Aimed at ensuring access to useful and affordable financial services, particularly for the unbanked and underbanked population.
• BSBDA: Basic Savings Bank Deposit Account; a no-frills account meant to encourage banking access for low-income individuals.
• Central Repository of Large Common Exposures: A mechanism to track and manage large corporate loan exposures across banks to mitigate systemic risks.
• Dividend Declaration Norms (NBFC): Guidelines for non-banking financial companies regarding distribution of profits to maintain financial health and compliance.

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Appointments – Daily Current Affairs March 27

8. Who has been appointed as the new MD & CEO of IFCI for a three-year term?
A) Subhash Kumar
B) Atul Kumar Goel
C) Rahul Bhave
D) Rakesh Sharma
E) S. K. Majumdar
Answer: C) Rahul Bhave

Event and Location:

• Event: Rahul Bhave appointed as MD & CEO of IFCI.
• Date: March 27, 2025.
• Location: India.

Mandates and Objectives:

• Appointment Purpose: To strengthen IFCI’s leadership under the ongoing group consolidation process.
• Role of ACC: The Appointments Committee of the Cabinet approved the appointment for a 3-year term.
• Strategic Objective: Supports the government’s financial sector reforms through the consolidation of IFCI group companies.
• Corporate Leadership: Rahul Bhave’s elevation aims to guide IFCI through its ongoing restructuring and future growth.

Important Terms Explained:

• IFCI: Industrial Finance Corporation of India, India’s first development financial institution established to fund industrial and infrastructure projects.
• MD & CEO: Managing Director and Chief Executive Officer is the top executive role responsible for overall management and strategic direction of a corporation.
• ACC: Appointments Committee of the Cabinet is chaired by the Prime Minister and approves appointments to top government posts.
• IFCI Group Consolidation: A government-approved merger plan to consolidate multiple subsidiaries of IFCI Ltd into a single entity for operational efficiency.

Tabular Summary:

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9. Who has been appointed as the new Executive Director of Canara Bank effective March 24, 2025?
A) Ashwani Kumar
B) S. K. Majumdar
C) Sanjiv Chadha
D) Debadatta Chand
E) Atul Kumar Goel
Answer: B) S. K. Majumdar

Event and Location:

• Event: Canara Bank appointed S. K. Majumdar as its Executive Director.
• Date: March 24, 2025.
• Location: India.

Mandates and Objectives:

• Leadership Strengthening: The appointment aims to further reinforce the leadership at Canara Bank.
• Strategic Growth: Majumdar’s role will focus on driving financial governance and operational efficiency.
• Internal Promotion: The move reflects the bank’s practice of elevating long-serving leaders to senior roles.

Important Terms Explained:

• Executive Director (ED): A senior managerial position responsible for overseeing key administrative and strategic operations of the bank.
• Chief Financial Officer (CFO): The top financial executive responsible for managing financial risks, planning, and reporting.
• Chartered Accountant (CA): A professional with expertise in auditing, accounting, and taxation.
• Cost Accountant: A specialist in cost and financial management with a focus on budgeting and internal controls.

Tabular Summary:

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10. Who was sworn in as Namibia’s first female president on March 21, 2025?
A) Saara Kuugongelwa
B) Netumbo Nandi-Ndaitwah
C) Monica Geingos
D) Nangolo Mbumba
E) Naledi Pandor
Answer: B) Netumbo Nandi-Ndaitwah

Event and Location:

• Event: Netumbo Nandi-Ndaitwah sworn in as Namibia’s first female president.
• Date: March 21, 2025.
• Location: Namibia.

Mandates and Objectives:

• Presidential Inauguration: Netumbo Nandi-Ndaitwah assumed office as Namibia’s president on its 35th Independence Day.
• Gender Milestone: She became the first woman in Namibia’s history to hold the presidential office.
• Election Win: Secured 58% of the vote in the November 2024 presidential elections.
• Economic Agenda: Pledged to create 500,000 jobs in five years targeting agriculture, fisheries, and creative sectors.
• Youth Unemployment Focus: Aims to address 44% youth unemployment rate reported in 2023.
• National Unity: Called for collective efforts to build the nation post-election.

Important Terms Explained:

• SWAPO: South West Africa People’s Organisation, Namibia’s ruling party since its independence in 1990.
• Inauguration: The formal ceremony marking the assumption of the highest public office.
• Independence Day: March 21 marks Namibia’s independence from South African rule in 1990.
• Youth Unemployment: A critical socio-economic challenge; nearly half of Namibia’s youth population was unemployed as of 2023.

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Defence – Daily Current Affairs March 27

11. Which missile system was successfully test-fired by DRDO and the Indian Navy on March 26, 2025?
A) Akash-NG
B) Barak-8
C) VLSRSAM
D) Trishul
E) QRSAM
Answer: C) VLSRSAM

Event and Location:

• Event: DRDO and Indian Navy successfully test-fired the VLSRSAM missile.
• Date: March 26, 2025.
• Location: Integrated Test Range (ITR), Chandipur, Odisha.

Mandates and Objectives:

• Defence Capability Test: To validate the performance, agility, and accuracy of the VLSRSAM missile system in engaging aerial targets at close range.
• System Evaluation: The missile underwent full combat configuration testing with all weapon system elements active.
• Technological Strength: To showcase indigenous capabilities in developing advanced short-range air defence systems.
• Naval Security Enhancement: Aims to strengthen India’s maritime defence by providing effective protection against aerial threats.

Important Terms Explained:

• VLSRSAM: Vertically-Launched Short-Range Surface-to-Air Missile, designed for quick and agile responses to low-altitude aerial threats.
• Integrated Test Range (ITR): A missile testing facility in Chandipur, Odisha, where various Indian defence tests are conducted.
• RF Seeker: Radio Frequency Seeker used for precise tracking and homing of the missile onto its target.
• Multi-Function Radar (MFR): A radar system that provides target detection, tracking, and engagement guidance in real time.
• Weapon Control System (WCS): Coordinates target engagement and ensures accuracy during missile deployment.
• Combat Configuration: Test conducted in real-world operational setup to validate combat readiness.

Tabular Summary:

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12. Who inaugurated the new North Jetty at the Naval Base in Kochi on March 27, 2025?
A) Admiral R Hari Kumar
B) General Anil Chauhan
C) Rajnath Singh
D) Admiral Dinesh K. Tripathi
E) Vice Admiral Sanjay Jasjit Singh
Answer: D) Admiral Dinesh K. Tripathi

Event and Location:

• Event: Chief of Naval Staff Admiral Dinesh K. Tripathi inaugurated the new North Jetty at Kochi Naval Base.
• Date: March 27, 2025.
• Location: Kochi, Kerala.

Mandates and Objectives:

• Infrastructure Expansion: To expand the berthing and logistical capabilities at the Southern Naval Command.
• Operational Efficiency: Enhances the Indian Navy’s capacity to manage more vessels and ensure efficient turnaround of ships.
• Maritime Security: Strengthens India’s presence and readiness in the Indian Ocean Region through enhanced support for naval operations.
• Strategic Deployment: Ensures better readiness for rapid mobilization and support of combat vessels in the southern peninsula.

Important Terms Explained:

• North Jetty: A newly constructed naval docking platform at Kochi Naval Base designed for berthing and support of various classes of Indian Navy ships.
• Southern Naval Command: One of the three main commands of the Indian Navy, headquartered in Kochi, responsible for training and operations in southern India.
• Cochin Port Authority: The agency overseeing port-related infrastructure in Kochi, responsible for executing the North Jetty project.
• Afcons Infrastructure Ltd.: A leading infrastructure company in India that executed the jetty construction project.
• Indian Ocean Region (IOR): A geopolitically significant region where India maintains strong maritime security interests.

Tabular Summary:

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National Affairs – Daily Current Affairs March 27

13. Which initiative has been launched by the Department of School Education & Literacy to promote Indian rhymes for early childhood learning?
A) Shiksha Kavita Abhiyan
B) Kavya Kala Utsav
C) Baalpan ki Kavita
D) Bhartiya Bhasha Geet Yatra
E) Kavita Shishu Mission
Answer: C) Baalpan ki Kavita

Event and Location:

• Event: Baalpan ki Kavita initiative launched to promote Indian rhymes among children.
• Date: March 26, 2025.
• Location: India.

Mandates and Objectives:

• Initiative Purpose: To promote joyful, age-appropriate Indian rhymes and poems rooted in Indian culture for young children.
• Alignment with NEP: The initiative supports the National Education Policy (NEP) 2020 by emphasizing multilingualism and early childhood education.
• Public Involvement: Encourages participation from the public including educators, parents, and poetry enthusiasts.
• Multilingual Focus: Promotes contributions in all Indian languages (Bhartiya Bhasha) and English for cultural inclusivity.

Important Terms Explained:

• Baalpan ki Kavita: A government initiative to preserve and popularize Indian rhymes for children aged 3–8 in various Indian languages and English.
• NEP 2020: National Education Policy 2020 emphasizes foundational literacy, learning in the mother tongue, and joyful early education.
• Early Childhood Education: Education from ages 3–8, focusing on cognitive and emotional development through engaging, age-appropriate content.
• Bhartiya Bhasha: Refers to Indian languages, encouraging multilingual learning to preserve linguistic diversity in education.
• MyGov Portal: A government platform that invites citizen engagement in national initiatives, used here for rhyme submission.

Tabular Summary:

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14. On whose birth anniversary did the Department of Posts issue a commemorative postage stamp in March 2025?
A) Rani Durgavati
B) Mata Karma
C) Ahilyabai Holkar
D) Mirabai
E) Sant Kabir
Answer: B) Mata Karma

Event and Location:

• Event: Commemorative postage stamp issued in honor of Mata Karma.
• Date: March 27, 2025.
• Location: Raipur, Chhattisgarh.

Mandates and Objectives:

• Stamp Release Purpose: To honor the spiritual and social legacy of Mata Karma on her 1009th birth anniversary.
• Cultural Preservation: The stamp serves as a tribute to Mata Karma’s contributions to devotion, women’s empowerment, and social reform.
• Symbolic Value: Recognizes her spiritual journey, influence on religious traditions, and social impact.
• Government Initiative: Issued by the Department of Posts to inspire future generations and celebrate cultural heritage.

Important Terms Explained:

• Commemorative Postage Stamp: A stamp released to honor a person, place, or event of national or cultural importance, not used for regular postage.
• Mata Karma: A saint and reformer devoted to Lord Krishna, known for promoting social equality, women’s empowerment, and religious unity.
• Jagannath Temple: A sacred Hindu temple in Puri, Odisha, where Mata Karma’s offering of khichdi is still part of tradition.
• Khichdi Offering: Symbolic representation of humility and devotion, incorporated into temple ritual due to Mata Karma’s spiritual connection.
• Social Reform Contributions: Mata Karma actively fought against untouchability, conservatism, and inequality in society.

Tabular Summary:

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15. What is the name of the AI chatbot launched by the Haryana government to provide instant access to official documents?
A) Sathi
B) Mitra
C) Sarathi
D) Sevak
E) Dosti
Answer: C) Sarathi

Event and Location:

• Event: Haryana launched AI chatbot ‘Sarathi’ to improve access to government documents.
• Date: March 27, 2025.
• Location: Haryana, India.

Mandates and Objectives:

• Purpose of Launch: To provide citizens with simplified and instant access to official documents, acts, and notifications.
• Governance Modernization: The initiative supports digital governance by integrating artificial intelligence into administrative services.
• Citizen Empowerment: Reduces dependency on manual searches and bureaucratic hurdles by offering a self-service digital solution.
• Transparency Focus: Ensures open access to policy and legal information for the public round-the-clock.

Important Terms Explained:

• AI Chatbot: A virtual assistant powered by artificial intelligence to respond to user queries and provide real-time solutions.
• Sarathi: The newly launched AI chatbot by the Haryana government, designed to retrieve over 17,820 official documents.
• Digital Governance: Use of technology like AI to make government processes efficient, transparent, and user-centric.
• PDF Document Search: Sarathi scans over 73,622 PDF pages to find relevant information quickly for users.

Tabular Summary:

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16. Which zoological park became India’s first to launch a DNA preservation project for snowy region wildlife?
A) Nandankanan Zoological Park
B) Arignar Anna Zoological Park
C) Padmaja Naidu Himalayan Zoological Park
D) Sanjay Gandhi Biological Park
E) Nehru Zoological Park
Answer: C) Padmaja Naidu Himalayan Zoological Park

Event and Location:

• Event: Padmaja Naidu Himalayan Zoological Park launched India’s first DNA preservation project for snowy region wildlife.
• Date: March 27, 2025.
• Location: Darjeeling, West Bengal.

Mandates and Objectives:

• Project Aim: To preserve DNA of Himalayan wildlife species for conservation, research, and restoration purposes.
• Scientific Advancement: Uses cryogenic storage to ensure long-term preservation of genetic material.
• Conservation Goal: Supports endangered species recovery and mitigates extinction risks.
• Research Utility: Facilitates future genetic and biodiversity studies through DNA sample access.

Important Terms Explained:

• DNA Preservation Project: A conservation method that stores genetic material to aid in future research, breeding, or restoration.
• Cryogenic Storage: A process of preserving biological samples at extremely low temperatures using liquid nitrogen to prevent degradation.
• CCMB: The Centre for Cellular and Molecular Biology, a premier biological research institute in Hyderabad, partnering for this initiative.
• Red Panda & Snow Leopard: Endangered Himalayan species whose genetic samples are being preserved under this project.
• Biodiversity Conservation: The effort to protect and maintain biological diversity, especially rare and native species.

Tabular Summary:

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17. Which state police has launched a mobile app to ensure transparency in transfer postings of constables and sub-inspectors?
A) Maharashtra
B) Tamil Nadu
C) West Bengal
D) Karnataka
E) Uttar Pradesh
Answer: C) West Bengal

Event and Location:

• Event: West Bengal Police launched a mobile app for transparent police transfers.
• Date: March 27, 2025.
• Location: West Bengal, India.

Mandates and Objectives:

• Purpose of Launch: To ensure transparency, accountability, and prevent corruption in police transfers.
• Rank Eligibility: Enables transfer applications for personnel from constable to sub-inspector rank.
• Transfer Digitization: Integrates with the e-HRMS system to accept digital applications and streamline the process.
• Anti-Corruption Focus: Aims to eliminate malpractice such as bribery and favoritism in the police transfer system.

Important Terms Explained:

• e-HRMS: Electronic Human Resource Management System, used for managing HR functions like postings, transfers, and leave digitally.
• Transparent Transfer System: A digital framework to ensure fair and rule-based processing of transfer applications without external influence.
• Utsasree App: A previous initiative by the West Bengal government for ensuring fair teacher transfer policies.
• Medical Exemption Clause: Allows personnel with special medical conditions to apply outside the general application window.

Tabular Summary:

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18. Which ministry has signed a Statement of Intent (SOI) with UNICEF YuWaah to empower rural women and youth?
A) Ministry of Skill Development and Entrepreneurship
B) Ministry of Women and Child Development
C) Ministry of Rural Development
D) Ministry of Social Justice and Empowerment
E) Ministry of Labour and Employment
Answer: C) Ministry of Rural Development

Event and Location:

• Event: MoRD and UNICEF YuWaah signed a Statement of Intent to empower rural women and youth.
• Date: March 27, 2025.
• Location: India.

Mandates and Objectives:

• Rural Empowerment: Focused on increasing livelihood opportunities, entrepreneurship, and digital access for rural women and youth.
• Partnership Duration: The SOI is valid for three years (2025–2028).
• SHG Support: Aims to promote job creation, self-employment, and business expansion among Self-Help Group women.
• Government Alignment: Supports schemes like Lakhpati Didi and the Rural Prosperity and Resilience Programme from Budget 2025–26.

Important Terms Explained:

• MoRD: Ministry responsible for implementing programs that aim at poverty alleviation and rural development.
• UNICEF YuWaah: A global multi-stakeholder platform (Generation Unlimited) supported by UNICEF to empower young people with skills and opportunities.
• Statement of Intent (SOI): A formal non-binding agreement outlining collaboration between two or more entities for shared objectives.
• Computer Didi Centers: Community digital literacy centers to train SHG women in computer skills and digital tools.
• Didi ki Dukan: E-commerce initiative enabling SHG women to run online businesses.
• Youth Hub: A digital platform for rural youth to access skilling, volunteering, and job opportunities.
• Lakhpati Didi: Government initiative to help rural women become successful entrepreneurs earning at least ₹1 lakh annually.

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Over All Review

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