Daily GK Update- 12th Mar, 2025

 NATIONAL UPDATES:

 

1. PM Surya Ghar: Muft Bijli Yojana Crosses Milestone of 10 Lakh Installations: PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, has achieved a significant milestone by completing 10.09 lakh installations across the country as of 10th March 2025.This ambitious scheme, launched by PM Modi on 13th February 2024, aims to provide free electricity through rooftop solar systems to 1 crore residential households and reduce dependence on conventional power sources while enabling citizens to become energy producers. The scheme enables every household to contribute to climate change mitigation by reducing carbon emissions equivalent to planting 100 trees.The scheme, implemented by the Ministry of New and Renewable Energy (MNRE) has received 47.3 lakh applications. 6.13 lakh beneficiaries have successfully received subsidies, amounting to ₹ 4,770 crore. With a fully automated application, vendor selection and subsidy redeem process through pmsuryaghar.gov.in subsidies get credited to applicants’ bank accounts within 15 days.

 

2. Central Council for Research in Homoeopathy and Adamas University Sign MoU to Advance Homoeopathy Research: The Central Council for Research in Homoeopathy (CCRH), New Delhi and Adamas University, Kolkata, have signed an MoU to foster academic and research collaboration in the field of Homoeopathy.This MoU marks a significant milestone in interdisciplinary research, paving the way for scientific advancements in homoeopathy through knowledge exchange and collaborative initiatives. It reflects the shared commitment of both institutions to furthering innovation and evidence-based research in alternative medicine.

 

3. Salman Khan joins this small-cap FMCG company as brand ambassador: GRM Overseas or “GRM”, a prominent FMCG player in India, is poised to transform the Wheat Flour market with its new campaign for 10X Classic Chakki Fresh Atta, featuring the company’s recently appointed brand ambassador, Bollywood actor Salman Khan.GRM aims to help consumers shift from unpackaged to branded packaged Atta, ensuring better hygiene and quality. The company provides pure, unadulterated wheat flour with consistent quality and nutrition for families across India.MD of GRM Overseas – Atul Garg

 

4. Atul Kumar Goel assumes charge as Chief Executive of IBA: Atul Kumar Goel has appointed as the Chief Executive (CE) of The Indian Banks’ Association (IBA).Goel was MD and CEO of Punjab National Bank (PNB) from February 2022 to December 2024. He was Chairman of IBA for two terms – 2021-22 and 2022-23.His predecessor at IBA, Sunil Mehta, too was MD & CEO of PNB (from May 2017 to September 2019) and Chairman of the Association (2018-19). Mehta was IBA CE from January 2020 till September 2024.The new IBA Chief Executive is a qualified Chartered Accountant. He has three decades of banking experience in four Banks — Allahabad Bank (now Indian Bank), Union Bank of India (as Executive Director), UCO Bank (MD & CEO) and PNB (MD & CEO).

 

INTERNATIONAL UPDATES:

 

 

1. India signs MoU for development of state-of-the-art multi-modal logistics park in Varanasi: A significant MoU was signed between National Highways Logistics Management Limited (NHLML) and the Inland Waterways Authority of India (IWAI) to develop a state-of-the-art Multi-Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh.The MMLP will be located on a 150-acre site and will be strategically connected to National Highway 7 (NH7) via a 650-meter access road. It is positioned just 1.5 kilometres from the crucial NH7-NH2 junction, enhancing connectivity within the region.In addition to road access, the park will seamlessly integrate with the Eastern Dedicated Freight Corridor through a 5.1 km railway line from Jeonathpur Station. The location is also well connected to National Waterway-1, and is only 30 kilometres from Lal Bahadur Shastri Airport, ensuring robust transportation links for both domestic and international trade.The project is expected to create significant investment opportunities and generate employment, providing a major boost to India’s logistics sector.

 

2. Takashi Nakajima named new president & CEO of Honda Cars India: Honda Motor Co., Ltd. has appointed Takashi Nakajima as the new president & CEO of Honda Cars India Ltd (HCIL).He will take charge from April 1, 2025, consequent to the management changes announced annually by the parent company.Nakajima joined Honda in 1994 and has been associated with Honda Motor Co. Ltd. for more than 30 years. He has gained experience having worked in various positions of responsibility in several international markets like Japan, China, Spain, Czech Republic and Russia in the areas of Business Planning, Product Planning, Marketing and Sales Promotion.

 

3. Former central banker Mark Carney to become Canada’s next PM: Former central banker Mark Carney will become Canada’s next Prime Minister after the governing Liberal Party elected him as its leader.He will replace Prime Minister Justin Trudeau, who announced his resignation in January.59 year old Mark Carney previously served as Governor of the Bank of Canada before making history in 2013 as the first non-citizen to lead the Bank of England.

 

OTHER UPDATES:

DEFENCE

 

1. Large Phased Array Radar (LPAR): China has recently deployed a sophisticated radar system in Yunnan province, close to the Myanmar border. This Large Phased Array Radar (LPAR) enhances China’s surveillance capabilities. It can monitor vast areas, including the Indian Ocean and parts of Indian territory. The radar’s range exceeds 5,000 kilometres, allowing it to track India’s missile tests in real-time. This development poses serious implications for India’s national security and missile programme. The LPAR is designed for early warning and surveillance. Unlike traditional radars, it uses electronically controlled antennas. This technology enables rapid scanning of large areas and precise tracking of multiple targets. The LPAR can detect and track ballistic missile launches, providing crucial data on trajectories and speeds.

 

SPORTS 

 

1. World Para Athletics Grand Prix 2025 begins at Jawaharlal Nehru Stadium: The World Para Athletics Grand Prix (WPA GP) 2025 will kick off at the Jawaharlal Nehru Stadium in New Delhi.The three-day event will feature a total of 250 para-athletes with 145 Indians and 105 international competitors from 20 countries.They will compete in 90 athletics competitions, making it one of the largest para-athletics events ever hosted by India. The Indian contingent will be led by Paris 2024 Paralympics gold medallists Praveen Kumar, Navdeep Singh and Dharambir.

 

2. CWG Federation rebranded as Commonwealth Sport: The Commonwealth Games Federation (CGF) has changed its name to Commonwealth Sports under the ‘More in Common’ brand campaign.The announcement was made on the occasion of Commonwealth Day, an annual celebration of the Commonwealth of Nations held on the second Monday in March.The Commonwealth Day also marks the launch of the Commonwealth Sport King’s Baton Relay at Buckingham Place, starting the relay with 500 days to go to the Opening Ceremony of Glasgow 2026.CEO of Commonwealth Sport – Katie Sadleir

 

SCIENCE AND TECHNOLOGY

 

1. Assam to launch its satellite, talks on with ISRO for ASSAMSAT project : The Assam state government has announced plans to launch its own satellite, ASSAMSAT soon, aiming to strengthen data access for key socio-economic initiatives and enhance border surveillance.The ASSAMSAT satellite can help providing dedicated services for agriculture, disaster management, infrastructure development, and security border management and police operations.The satellite will be set up in collaboration with IN-SPACe (Indian National Space Promotion and Authorization Center) which promotes private investment and innovation in the space sector and Indian Space Research Organisation (Isro).

 

2. SBI Life Insurance expands product line with two new Child Insurance Plans: SBI Life Insurance has introduced two new child insurance plans, “SBI Life – Smart Future Star” and “SBI Life – Smart Platina Young Achiever,” aimed at helping parents secure their children’s financial future.These plans address rising concerns like increasing education costs, evolving career goals, and lifestyle expenses, offering a comprehensive financial safety net for children.Key features include flexible payout options, premium waivers in case of a parent’s death or disability, and opportunities for long-term savings or guaranteed benefits, depending on the plan.The launch reflects SBI Life’s commitment to empowering parents with innovative solutions that blend protection and financial growth, ensuring children can pursue their aspirations confidently.

 

3. RBIH Launches DesignShaala™ to Drive Financial Innovation Through Human-Centered Design: Reserve Bank Innovation Hub (RBIH) has launched DesignShaala™, an initiative aimed at promoting financial innovation through Human-Centered Design (HCD).The program was launched by Nandan Nilekani, Chairman and Co-Founder of Infosys, during the ‘Building for Billions’ event in Bengaluru.DesignShaala™ is designed to ensure financial solutions are built around real user needs, behaviors, and experiences, making finance more intuitive, inclusive, and impactful.The initiative aims to empower financial innovators to develop solutions that go beyond functionality and deliver truly transformative user experiences.

 

4. Avanse Financial Unveils ‘SWALAKSH’—A Special Education Loan for Women: Avanse Financial Services Ltd. (Avanse) has launched ‘SWALAKSH’, a specialised education loan tailored for female students aspiring to study abroad.This initiative aims to empower more women by providing financial support and exclusive benefits, reinforcing Avanse’s commitment to fostering higher education for women.With ‘SWALAKSH,’ Avanse Financial Services reaffirms its dedication to providing financial access and opportunities to women, fostering an inclusive and educated future for India.

 

BANKING AND FINANCE

 

1. Unified Pension Scheme Funding: The government anticipates an initial outlay of ₹6,250 crore for the first year of the UPS. Additionally, ₹800 crore will cover arrears in the same year. The upfront funding of ₹7,000 crore addresses the government’s anticipated liabilities for the first year of the scheme. The government has requested Parliament’s approval for a net additional expenditure of ₹51,462.86 crore for the current financial year. This includes allocations for pensions and fertilizer subsidies. The total gross expenditure sought exceeds ₹6.78 lakh crore, with savings and receipts expected to offset much of this cost.

 

Daily GK Update- 11th Mar, 2025

 NATIONAL UPDATES:

 

1. Delhi Cabinet Approves Rs 2,500 Monthly Cash Scheme For Women: The Delhi government approved the Mahila Samriddhi Yojana in a cabinet meeting. On International Women’s Day, Delhi CM Rekha Gupta has fulfilled the promise to provide ₹2,500 to eligible women.A provision of ₹5,100 crore has been made in the Budget of the national capital to implement the scheme. A committee, led by the Delhi chief minister, has also been formed.

 

2. Madhav National Park in Madhya Pradesh becomes India’s 58th Tiger Reserve: The Centre declared the Madhav National Park in Madhya Pradesh as the country’s 58th tiger reserve. The newly added national park was also the ninth from the State to get the recognition.The newly designated Madhav Tiger Reserve is located in Shivpuri district in the Gwalior-Chambal region. It covers 1,751 square kilometres, with a core area of 375 square kilometres and a buffer zone of 1,276 square kilometres.The newly added Madhav Tiger Reserve follows the recent designation of Ratapani Wildlife Sanctuary, located between Bhopal and Raisen districts, as the state’s eighth Tiger Reserve.Three tigers, including two females, were introduced to the Madhav National Park in 2023 as part of the tiger reintroduction project in the State.

 

3. ICMR launches patent filing support initiative to boost biomedical innovations in India: Union Health Minister J P Nadda has launched the Indian Council of Medical Research’s (ICMR) flagship initiative ‘Medical Innovations Patent Mitra’ to enhance India’s healthcare innovation ecosystem.The initiative aims at providing end-to-end guidance and handholding support to innovators for patent filings and technology transfer of medical innovations to industry.The initiative was launched at the International Symposium on Health Technology Assessment (ISHTA).This program, developed under the guidance of NITI Aayog and in partnership with the Department of Pharmaceuticals (DoP), is supported by the Department for Promotion of Industry and Internal Trade (DPIIT).Medical innovation Patent Mitra is a testament of ICMR’s commitment to advancing medical innovation.

 

4. Justice Bagchi appointed as SC judge, set to become CJI in 2031: The Union government appointed justice Joymalya Bagchi as a judge of the Supreme Court, following the recommendation made by the Supreme Court collegium.With this elevation, justice Bagchi is set to become the Chief Justice of India (CJI) in May 2031, albeit for a little over four months, before retiring on October 2, 2031.His appointment fills one of the two vacancies in the Supreme Court, which has a sanctioned strength of 34 judges.The Supreme Court collegium, comprising Chief Justice of India Sanjiv Khanna and justices Bhushan R Gavai, Surya Kant, Abhay S Oka and Vikram Nath, had recommended Justice Bagchi’s appointment on March 6.Justice Bagchi was appointed as a judge of the Calcutta high court in June 2011. In January 2021, he was transferred to the Andhra Pradesh high court, before being repatriated to the Calcutta high court in November 2021. Over his 13-year tenure as a high court judge, he has gained extensive experience across diverse fields of law.

INTERNATIONAL UPDATES:

 

1. Union minister Annapurna Devi to lead India’s delegation at Commission on Status of Women at UN: Union Minister for Women and Child Development, Annapurna Devi will lead India’s delegation at the 69th session of the Commission on the Status of Women (CSW) at the United Nations headquarters in New York.The session will focus on global progress in achieving gender equality and the empowerment of women, coinciding with the 30th anniversary of the Beijing Declaration and Platform for Action.She will also participate in discussions on resourcing and accelerating the implementation of the Beijing Declaration and the 2030 Agenda for Sustainable Development.

 

2. 10 March – International Day Of Women Judges: The International Day of Women Judges is observed annually on March 10 to recognize the significant role of women in the judiciary and promote gender equality in legal systems worldwide.The United Nations General Assembly (UNGA) declared March 10 as the International Day of Women Judges in 2021 through Resolution 75/274.

 

3. World Air Quality Report 2024: A recent report by IQAir revealed that India is among the world’s most polluted nations. Thirteen of the top twenty polluted cities globally are located in India. Byrnihat, Assam, is identified as the most polluted city. Despite a slight improvement in air quality, the overall situation remains dire. The report lists Byrnihat, Delhi, Mullanpur, Faridabad, Loni, New Delhi, Gurugram, Ganganagar, Greater Noida, Bhiwadi, Muzaffarnagar, Hanumangarh, and Noida among the world’s top polluted cities. These cities report PM2.5 levels exceeding WHO limits by over ten times.

OTHER UPDATES:

DEFENCE

 

1. Russia set to hold joint naval exercises with China, Iran in Indian Ocean: Russia, China, and Iran are going to hold joint naval exercises in the Indian Ocean later this month. The exercises, called “Security Belt-2025”, will take place near the Iranian port of Chabahar.This is the seventh time the three countries are holding these exercises together.The exercises aim to strengthen military cooperation and trust among the participating countries.

 

2. India-Kyrgyzstan joint military exercise Khanjar-XII begins in Tokmok: The 12th edition of the India-Kyrgyzstan Joint Special Forces Exercise KHANJAR-XII is set to take place in Kyrgyzstan from 10 March to 23 March 2025.The opening ceremony of the Joint Military Exercise Khanjar-XII, between special forces of India and Kyrgyzstan, was held at Tokmok, Kyrgyzstan.Exercise Khanjar-XII 2025 aims to enhance military cooperation and interoperability and share the best practices between the Special Forces of the Indian Army and the Kyrgyzstan Army.

 

SPORTS 

 

1. Rohit Sharma becomes 2nd-most successful Indian captain with two ICC titles: Rohit Sharma became the second-most successful Indian captain by clinching his second ICC title.Under Rohit’s captaincy, India lifted their second ICC silverware in less than nine months after winning the 2024 T20 World Cup against South Africa in Bridgetown.It was also India’s fourth consecutive ICC final in less than two years – the World Test Championship (WTC) in 2023, the ODI World Cup in 2023, and the T20 World Cup in 2024 before playing their third successive Champions Trophy final in Dubai.Rohit became the first captain in international cricket to lead his team in the final of all four major ICC events. The Rohit Sharma-led India won the 2024 T20 World Cup last year to end a more-than-decade-long ICC title drought stretching to the Champions Trophy win under MS Dhoni’s leadership in 2013.Rohit has joined the list with two ICC titles in less than a year’s gap to finish ahead of legendary cricketers Sourav Ganguly (2002 Champions Trophy) and Kapil Dev (1983 ODI World Cup).

 

BANKING AND FINANCE

 

1. Financial Grant Scheme for Young Artists: The Ministry of Culture is implementing a financial grant Scheme by the name of ‘Scholarships to Young Artists in Different Cultural Fields (SYA)’ to support young artists specialising in various cultural fields such as classical dance forms, indigenous artwork and other traditional art-forms for undergoing advanced training in their respective fields.Under this scheme component, a Scholarship of Rs. 5,000/- per month is provided upto a maximum of 400 Scholars for a period of 02 years in four equal six-monthly instalments. The selected scholars should be in the age group of 18 years to 25 years and have been undergoing training under any Guru or Institution for a minimum of 5 years.The Scholars are selected on the basis of their performance in a personal interview / interaction before an Expert Committee constituted by the Ministry.

 

2. Canara HSBC Life Insurance Partners with GIC Housing Finance for Home Loan Security: Canara HSBC Life Insurance Company Limited (“Canara HSBC Life Insurance”) has partnered with GIC Housing Finance Limited (“GICHF”) to provide credit life insurance solutions to home loan borrowers.This collaboration aims to ensure financial security for borrowers and their families by offering protection against loan liabilities, in case of unforeseen circumstances.As part of this partnership, Canara HSBC Life Insurance will introduce its ‘Group Asset Secure’ plan—a specialised credit life insurance product—through GIC Housing Finance’s extensive customer network.MD and CEO of GIC Housing Finance Limited – Sachindra Salvi

 

3. Bank of Baroda launches first savings account for women NRIs: Bank of Baroda has launched a specialised savings account for women NRIs, becoming the first Indian public sector bank to offer such a product.The BoB Global Women NRE & NRO Savings Account provides benefits including concessional rates on home and auto loans, reduced processing fees, full waivers on locker rent, and a customised debit card with complimentary airport lounge access.The account also comes with free personal and air accident insurance coverage.The bob Global Women NRE & NRO Savings Account recognises the changing dynamics of today’s global Indian women and is designed to empower them.

 

AWARDS AND HONOURS

 

1. Ramsar Award for ‘Wetland Wise Use’: Jayshree Vencatesan, co-founder of Care Earth Trust, recently made history as the first Indian to receive the Ramsar Award for ‘Wetland Wise Use’. This prestigious global accolade recognises exceptional contributions to sustainable wetland management. The announcement coincided with International Women’s Day, denoting the role of women in environmental conservation. Vencatesan was one of twelve women honoured for their impactful work in wetland preservation. Vencatesan has dedicated decades to the conservation of India’s wetlands. Her efforts focus particularly on the Pallikaranai Marsh in Chennai. She began her journey with a modest budget of $350 and a vision to protect marshlands often regarded as wastelands. Her work has documented the rich biodiversity of Pallikaranai Marsh, which is home to over 337 species of flora and fauna.

 

2. POLG Mitochondrial Disease
: On March 1, 2025, Prince Frederik of Luxembourg passed away in Paris at the age of 22 after a long battle with POLG mitochondrial disease. His family announced the news later, denoting his struggle with this rare genetic disorder. Diagnosed at 14, Frederik became an advocate for research and founded The POLG Foundation in 2022. The foundation aims to raise awareness and funds for POLG disease, which causes progressive multi-organ dysfunction and failure. Symptoms of POLG disease can range from mild to severe. Common symptoms include muscle weakness, visual impairment, and neurological decline. Diagnosis is often delayed due to the variability in symptoms. Many patients may not receive a correct diagnosis until the disease has progressed .

Daily GK Update- 10th Mar, 2025

 NATIONAL UPDATES:

 

1. Ola Electric becomes first 2W EV manufacturer to bag PLI incentives: Ola Electric, India’s largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme).The company has been granted a total incentive of ₹74 crore for the Determined Sales Value of FY 2023-24 under the scheme.The company has been granted a total incentive of ₹74 crore for the Determined Sales Value of FY 2023-24 under the scheme, according to a stock exchange filing by the company.The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of advanced, clean, and sustainable mobility solutions.Launched in September 2021, the PLI-Auto Scheme aims to boost domestic manufacturing in the automotive sector and promote the adoption of advanced, clean, and sustainable mobility solutions.

 

2. Jayant Chaudhary launches Swavalambini, a Women Entrepreneurship Programme: The Union Ministry of Skill Development and Entrepreneurship (MSDE) in collaboration with NITI Aayog has launched the Swavalambini initiative to promote women entrepreneurship in the country.The Swavalambini initiative at the Chaudhary Charan Singh University, Meerut, Uttar Pradesh, was launched by Union Minister (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education Jayant Chaudhary.This initiative empowers female students in Higher Education Institutions (HEIs) by providing them with the necessary entrepreneurial mindset, resources, and mentorship to successfully build and scale their ventures.The Swavalambini initiative is being implemented by the National Institute for Entrepreneurship and Small Business Development (NIESBUD) and in joint partnership with NITI Aayog. NIESBUD comes under the Union Ministry of Skill Development and Entrepreneurship.

 

3. NDDB ties up with NGO for setting up 10,000 biogas plants across 15 states: The National Dairy Development Board (NDDB) and Bangalore-based NGO, Sustain Plus have joined forces to roll out a large-scale circular dairy programme that will install 10,000 biogas plants across 15 states in India including Uttar Pradesh, Gujarat, Madhya Pradesh and Bihar.The circular dairy programme, unveiled at the ‘Workshop on Sustainability and Circularity in Dairy Sector’ at New Delhi — hosted by the Department of Animal Husbandry & Dairying (DAHD) — aims to create climate-smart dairy villages and build scalable and sustainable farming practices across the country.In the next four years, 10,000 biogas digesters installed across multiple states are expected to generate 3 lakh tonnes of organic slurry annually, improving soil health and reducing the need for chemical fertilisers. They will also produce more than 7 million cubic meters of biogas every year, providing clean cooking fuel to 10,000 rural households.In addition, the program will enable the production of nearly 60,000 tonnes of Phosphate Rich Organic Manure (PROM) each year, replacing an equivalent quantity of chemical phosphate fertilisers, further supporting affordable and sustainable farming practices.

4. Vikas Kaushal appointed as CMD of HPCL: The government has appointed Vikas Kaushal as the Chairman and Managing Director of Hindustan Petroleum Corporation (HPCL) for five years.He has also served as the Managing Director & Country Head for five years.

 

5. RBI approves one-year extension for IndusInd Bank CEO Sumant Kathpalia: Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as the Managing Director and CEO of the Private sector lender IndusInd Bank Ltd for one year.Kathpalia is a career banker with over 37 years of rich experience in large multi-national banks such as Citibank, Bank of America and ABN AMRO prior to joining Induslnd Bank. At IndusInd Bank, Kathpalia has been part of the core leadership team and joined the Bank 17 years ago and has been pivotal in turning the Bank around.

 

6. Federal Bank appoints Vidya Balan as brand ambassador: Federal Bank has appointed actor Vidya Balan its first-ever brand ambassador. This move sets progressive growth narratives for Banking in India.Vidya, who is known for breaking stereotypes and choosing substance over glamour, brings authenticity that resonates with modern Indian consumers.

 

INTERNATIONAL UPDATES:

 

1. Declining Butterfly Populations in America: Recent studies indicate decline in butterfly populations across the United States. The research marks a 22% decrease in butterfly numbers since 2000. The findings serve as a warning for broader ecological health. The first comprehensive analysis of butterfly populations in the contiguous United States reveals that butterfly numbers have been decreasing by an average of 1.3% annually since 2000. This study synthesised data from 76,957 surveys, encompassing 12.6 million butterflies. Alarmingly, the monarch butterfly population has plummeted from 1.2 million in 1997 to fewer than 10,000 recently. Insecticides are identified as the most factor in butterfly population decline. Changes in insecticide application have escalated over the years, exacerbating the already challenging conditions for butterflies. The study suggests that mitigating insecticide use could be crucial in reversing these trends.

 

2. Trump Proposes New Iran Nuclear Deal Negotiations: In late 2024, US President Donald Trump expressed a willingness to renegotiate the Iran nuclear deal, previously abandoned during his first term. This shift comes amid changes in Iran’s political and economic landscape, as well as evolving dynamics in the Middle East. Trump’s recent statements suggest a strategic pivot towards diplomacy, as he aims to address nuclear concerns while navigating complex regional relationships. Trump’s withdrawal was motivated by perceived failures in the JCPOA. He argued it did not adequately address Iran’s ballistic missile programme or its regional influence. This decision faced backlash from allies, with the International Atomic Energy Agency confirming Iran’s compliance. European nations attempted to uphold the deal, but US sanctions led to decline in Iranian trade.

OTHER UPDATES:

DEFENCE

 

1. Exercise Khanjar-XII: The 12th edition of the India-Kyrgyzstan Joint Special Forces Exercise, Khanjar-XII, is scheduled from 10 to 23 March 2025 in Kyrgyzstan. This exercise has been an annual event since 2011, alternating between the two nations. The Indian contingent comprises troops from the Parachute Regiment (Special Forces), while the Kyrgyzstan contingent includes the Kyrgyz Scorpion Brigade. The exercise aims to enhance cooperation in counter-terrorism and special operations, focusing on urban and mountainous terrains. The primary goal of Khanjar-XII is to exchange experiences and best practices in counter-terrorism operations. The exercise will develop advanced skills in sniping, complex building interventions, and mountain craft. These skills are crucial for both nations in addressing contemporary security challenges.

 

SPORTS 

 

1. Mushfiqur Rahim Announces Retirement from ODIs: Former Bangladesh captain and wicketkeeper-batter Mushfiqur Rahim announced his retirement from One Day Internationals (ODIs) following the team’s early exit from the ICC Champions Trophy, hosted by Pakistan and the UAE.The 37-year-old made his ODI debut against Zimbabwe in August 2006. He retires as Bangladesh’s most-capped player in the format, having played 274 matches.Over his illustrious career, he scored 7,795 runs at an average of 36.42, including nine centuries, with a career-best score of 144. As a wicketkeeper, he took 243 catches and effected 56 stumpings.Widely regarded as a giant in Bangladesh’s ODI history, Mushfiqur Rahim first made his mark in the 2007 World Cup when he was picked ahead of veteran wicketkeeper Khaled Mashud.

 

2. Siddhant Banthia and Alexander Donski clinch ATP Kigali Challenger title: In tennis, India’s Siddhant Banthia and his partner Alexander Donski of Bulgaria have clinched the ATP Kigali Challenger title in Kigali, Rwanda.The Indian-Bulgarian duo defeated the third-seeded pair, Geoffrey Blancaneaux of France and Kolar Zdenek of Czechia, in the summit clash.This marks Banthia’s first ATP Challenger title. With the win, he has achieved a career-high ranking of 196 and also became the 11th Indian to break into the top 200 in the ATP doubles rankings.

 

3. Pranav Venkatesh becomes World Junior Chess Champion 2025: In chess, 18-year-old Indian Grandmaster Pranav Venkatesh dominated the FIDE World Junior Championship 2025 to claim the title in Montenegro.Pranav becomes the fourth Indian to win the World Junior title, following Viswanathan Anand, Pentala Harikrishna, and Abhijeet Gupta.

 

4. Indian Grandmaster A Chithambaram clinches Prague Masters 2025 Chess title: Indian Grandmaster Aravindh Chithambaram has clinched the Prague Masters 2025 Chess title.He finished the tournament with six points after settling for a draw against Turkey’s Ediz Gurel in the final round.

5. India triumph over New Zealand to win record third ICC Champions Trophy: In Cricket, Team India etched their name in history, lifting the ICC Champions Trophy for a record third time after a commanding victory over New Zealand by four wickets in the grand finale at the Dubai International Cricket Stadium.India had previously won the tournament in 2002 and 2013. Chasing a target of 252 runs in the summit clash, India achieved it with an over to spare.Skipper Rohit Sharma was declared Player of the Match and New Zealand player Rachin Ravindra was declared Player of the Series.The triumph marked India’s second ICC trophy in as many years, following their T20 World Cup victory last year, further cementing their dominance on the global stage.

 

SCIENCE AND TECHNOLOGY

 

1. Ajay Devgn launches ‘Prismix,’ an AI-driven media company to revolutionize content creation: Bollywood superstar Ajay Devgn launches ‘Prismix,’ an AI-driven media company to revolutionize content creationThis venture reinforces his commitment to innovation, empowering filmmakers, brands, and creators to craft high-quality, scalable, and visually compelling narratives with cutting-edge AI technology.Prismix is dedicated to bridging creativity and generative AI to transform the media landscape. From short films and series to animated graphic novels, music videos, corporate content, and social media campaigns.

 

BANKING AND FINANCE

 

1. GST Council constitute GoM to examine levy of natural calamity cess by a particular state: GST Council has constituted a Group of Ministers (GoM) to suggest recommendations for revenue mobilisation in case of natural calamities or disasters. It has reconstituted another GoM on analysis of revenue from GST.These actions have been taken on the basis of recommendation of GST Council meeting held on December 21, 2024.The GoM on revenue mobilisation in case of natural calamities or disaster will have Finance Minister of Uttar Pradesh, Suresh Khanna as convenor.The reconstituted GoM on ‘Analysis of Revenue from GST’ under Goa Chief Minister Pramod Sawant.

 

2. SBI launches collateral free digital SME loan for women entrepreneurs: State Bank of India (SBI) has launched a collateral free digital SME (small and medium enterprise) loan product ‘SBI Asmita’ for women entrepreneurs to help them expand their business.It also launched a ‘Nari Shakti’ platinum debit card to cater to the needs of women across various segments.A special add-on to the product is that top women entrepreneurs will be identified among borrowers of SBI Asmita to provide them with entrepreneurial and management training.The newly launched ‘Nari Shakti’ platinum debit card (made from 100% recycled plastic) is a RuPay-powered card designed exclusively for women. It offers features across segments such as entertainment, shopping, travel, lifestyle, insurance, etc.

 

 

AWARDS AND HONOURS

 

1. Nithin Kamath Wins EY Entrepreneur Of The Year 2024: Nithin Kamath, Founder and Chief Executive Officer, Zerodha, has been awarded the esteemed EY Entrepreneur of the Year Award 2024.A self-made entrepreneur, Nithin has not only bootstrapped Zerodha to a billion-dollar valuation but also actively supports start-ups in fintech and climate space, and advocates for social initiatives.Nithin Kamath will represent India at the global stage at the EY World Entrepreneur Of The Year Award (WEOY) in Monte Carlo to be held in June 2025.The Chief Guest, Shri Bhupender Yadav, the Honourable Union Minister of Environment, Forest and Climate Changefelicitated Nithin Kamath, KV Kamath and Dr. S Somanath along with the EOY 2024 category winners.

 

Daily GK Update- 9th Mar, 2025

 NATIONAL UPDATES:

 

1. Govt notifies scheme to make cooperative sugar mills loan eligible Govt notifies scheme to make cooperative sugar mills loan eligible: The Government of India has introduced a modified Ethanol Interest Subvention Scheme to help Cooperative Sugar Mills (CSMs) convert their existing ethanol plants into multi-feedstock plants, allowing them to use grains like maize and damaged food grains (DFG) for ethanol production.The government will provide interest subvention on loans taken for the conversion. It will cover 6% interest per year or 50% of the rate charged by banks, whichever is lower, for a period of five years, including one year of moratorium.By converting to multi-feedstock plants, sugar mills can operate year-round instead of only during the 4-5 month sugarcane crushing season. This will help improve their efficiency and productivity.The scheme aims to enhance the financial viability of sugar mills by allowing them to function throughout the year, using alternative feedstocks, thus reducing their dependence on seasonal sugarcane availability.

 

2. Surat Food Security Saturation Campaign: The campaign aims to ensure that no one is left out of food security initiatives. It focuses on inclusivity and fairness, moving beyond appeasement. The government has identified over 2.5 lakh new beneficiaries, including elderly individuals and differently-abled persons. This approach is designed to provide free rations and nutritious food to those in need. The middle class plays role in economic development. Recent tax relief measures benefit middle-class families, allowing them to retain more earnings. New tax slabs have been introduced to support taxpayers, enhancing their financial stability and encouraging investments in their futures.

 

3. Modified Ethanol Interest Subvention Scheme: The Government of India has introduced a modified Ethanol Interest Subvention Scheme. This initiative aims to enhance the operational viability of Cooperative Sugar Mills (CSMs). The scheme allows these mills to convert their existing sugarcane-based ethanol plants into multi-feedstock facilities. This enables the use of grains such as maize and damaged food grains (DFG) alongside sugarcane. The goal is to ensure continuous operation and improve productivity throughout the year. Under this scheme, the government offers interest subvention at 6% per annum or 50% of the bank interest rate. This support is applicable for loans extended by banks or financial institutions over five years, including a one-year moratorium. This financial assistance encourages CSMs to expand their operations beyond sugarcane.

INTERNATIONAL UPDATES:

 

1. Legislative Department Releases Book on Women Members of the Constituent Assembly on International Women’s Day: On the occasion of International Women’s Day, the Legislative Department, Ministry of Law & Justice, formally released a significant publication titled “The Life and Contributions of the Women Members of the Constituent Assembly”.This scholarly work pays homage to fifteen distinguished women who played an instrumental role in drafting the Constitution of India — their invaluable contributions having remained largely unrecognized in mainstream historical and legal narratives.The book meticulously documents the achievements of these pioneering women, including prominent lawyers, social reformers, and freedom fighters who overcame entrenched structural barriers within a predominantly male-dominated political framework.Despite adversities, these women emerged as key voices in the Constituent Assembly, profoundly shaping deliberations on fundamental rights, social justice, gender equality, and democratic governance.

 

2. Climate Change Threatens Global Crop Production and Diversity: Researchers defined the ‘climatic niche’ for each crop based on current climate conditions. They utilised the Safe Climatic Space (SCS) concept. This concept maps the climatic space of major crop production areas using three parameters – annual precipitation, bio temperature, and aridity. When cropland moves outside the SCS, existing agricultural management practices may no longer apply. The analysis identified regions at risk. In the Middle East and North Africa, nearly 50% of cropland is already at risk under 1.5 degrees Celsius. This figure could rise to 69% under 3 degrees Celsius. Similarly, South Asia and sub-Saharan Africa could see 60% of their cropland at risk. In contrast, the Northern Hemisphere shows lower risks, with 80% of North American cropland and 77% of European cropland remaining secure.

 

OTHER UPDATES:

DEFENCE

 

1. Lithuania Exits Cluster Bomb Convention: Lithuania has recently withdrawn from the international convention banning cluster bombs. This decision is driven by security concerns regarding Russia. The move has faced backlash from human rights organisations. Lithuania’s actions signal a shift in defence strategy amidst rising tensions in Eastern Europe. It prohibits the use, production, transfer, and stockpiling of cluster bombs. These weapons release multiple smaller explosives, which can remain dangerous long after conflicts end. The convention currently has 112 state parties and aims to protect civilians from the indiscriminate nature of cluster munitions. Lithuania’s withdrawal could encourage a dangerous trend among other nations. It raises questions about the future of humanitarian disarmament treaties, especially in regions facing security crises. The situation is particularly sensitive as neighbouring countries assess their own military strategies.

 

SCIENCE AND TECHNOLOGY

 

1. IndiaAI Compute Portal and the AIKosha Dataset Platform: The IndiaAI Mission has marked its first anniversary with advancements in artificial intelligence. On this occasion, Union IT Minister Ashwini Vaishnaw introduced the IndiaAI compute portal and the AIKosha dataset platform. These initiatives aim to enhance access to AI resources and encourage innovation across various sectors. As part of the mission, the government announced the establishment of AI labs in tier-II and tier-III cities. An AI Competency Framework was introduced to build capacity among civil servants. The Integrated Government Online Training (iGOT) AI programme will recommend tailored courses for civil servants, ensuring they are equipped with relevant skills for AI applications.

 

2. LOX-Methane Rocket  Engine: ISRO is advancing its capabilities in space technology by developing a LOX-methane  engine for its Next Generation Launch Vehicle (NGLV). This new engine features a reusable booster stage and two expendable upper stages. The initiative aims to enhance mission flexibility through multiple restarts. Recent successful tests of a spark torch igniter mark step forward in this ambitious project. The capability for multiple restarts is crucial for both the booster stage recovery and the upper stage missions. This flexibility allows for adjustments during flight, making missions more adaptable to changing conditions or objectives.

 

3. Measles Outbreak in US: The United States is currently experiencing measles outbreak, particularly in West Texas. As of February 27, 2025, the Centers for Disease Control and Prevention reported 164 cases across nine jurisdictions. The outbreak, which began in late January, has resulted in two fatalities, both of which involved unvaccinated individuals. This marks the first measles-related death in over a decade, raising concerns about vaccination rates and public health. Unvaccinated individuals are at the highest risk for measles. Children under five years old, pregnant women, and those with compromised immune systems face increased chances of severe complications. The risk of complications is particularly high for malnourished children or those lacking sufficient vitamin A.

 

BANKING AND FINANCE

 

1. SIDBI, Federal Bank join hands to boost MSME financing: The Small Industries Development Bank of India (SIDBI) and Federal Bank have signed an MoU to provide financial support to micro, small, and medium enterprises (MSMEs).This partnership aims to strengthen the MSME ecosystem by offering various financial services, including project finance, machinery and equipment finance, working capital support, and loans against property.Under this agreement, both institutions will also explore joint financing options to extend credit facilities to MSMEs.

 

2. Razorpay Takes Over Singapore Fintech Giant Slashes Payment Costs by 40%: Leading fintech company Razorpay officially entered the Singapore market, marking its second expansion in Southeast Asia after its successful operations in Malaysia.With this move, Razorpay aims to enhance digital payment infrastructure and streamline cross-border transactions for businesses in Singapore, enabling seamless, secure, and cost-effective financial operation.Razorpay’s advanced payment solutions are designed to help businesses cut transaction costs by 30-40% while providing real-time, multi-currency payment capabilities.Currently, businesses in Singapore face high transaction fees of 4-6% for cross-border payments, limiting scalability and efficiency. Small and medium enterprises (SMEs) also struggle with fragmented payment systems that drive up costs and delay settlement

 

AWARDS AND HONOURS

 

1. Modi Receives Honorary Award From Barbados: The ‘Honorary Order of Freedom of Barbados’ is a prestigious recognition given to individuals who have made contributions to the nation. Prime Minister Modi was acknowledged for his strategic leadership and assistance during the global health crisis. The award was announced by Barbados Prime Minister Mia Amor Mottley during the India-CARICOM Leaders’ Summit in Guyana in November 2024. Diplomatic relations between India and Barbados were established in 1966. Since then, both countries have engaged in various development initiatives. Their partnership is characterised by continuous dialogue and cooperation in multiple sectors, including health, education, and trade.