DAILY GK 26-28 MARCH 2025
1.
2025 ARCHERY ASIA
CUP WORLD RANKING TOURNAMENT, STAGE I
·
2025 Archery Asia Cup-World Ranking Tournament, Stage I’ organized by
World Archery Asia (WAA), held in
Bangkok, Thailand.
·
Indian Archers topped the medal tally with an outstanding performance of
securing 8 medals in the competition including 5
Gold, 2 Silver and 1 Bronze.
·
South Korea finished second in the medal tally with 5 medals, including
2 gold.
2.
ISL SHIELD FOOTBALL
TITLE
·
MohunBagan Super Giant
(MBSG) football
club(also known as Mariners) clinched the 2024–25 Indian Super League
(ISL) League Winners’ Shield, finishing the regular
season as the top team.
·
The Kolkata-based club secured the Shield with 1–0 victory over Odisha
FC in Kolkata.
·
MohunBagan Super Giant,
commonly referred to as MohunBagan, is an Indian professional football club
based in Kolkata, West Bengal.
·
Founded in 1889, it is one
of the oldest football clubs in Asia.
3.
NSDL
AND CDSL LAUNCH UIP
·
Mumbai based National
Securities Depository Limited (NSDL) and Central Depository
Services Limited (CDSL) in collaboration with capital market regulator Securities and
Exchange Board of India (SEBI), launched a mobile application (app) Unified
Investor Platform (UIP), integrating CDSL’s MyEasi by NSDL’s SPEED-e.
·
This platform provides investors
with a consolidated view of their financial
statements, shareholdings, investments, and financial statements.
·
The UIP sources data directly from exchanges, depositories, and clearing
firms to resolve issues over fraudulent
intermediaries.
·
Investors can easily check their holdings and
recent transactions with a single login system, which
guarantees quicker decision-making based on the most recent financial data.
4.
RBI IMPOSES PENALTY
ON CITIBANK, AMFL, JMFHL
·
The Reserve Bank of India (RBI) imposed monetary
penalties on Mumbai based Citibank, Chennai based Asirvad Micro Finance Limited (AMFL),
and Mumbai based JM Financial Home Loans
Limited (JMFHL) for violating
regulatory norms.
·
Citibank was fined Rs 39 lakh by
the RBI for failing to upload corrected
data in specific sectors within seven days of receiving rejection reports
from Credit Information Companies (CICs) and for reporting violations of “Large
Exposures” restrictions with delay.
·
RBI imposed a penalty of Rs 6.20 lakh on AMFL
for failing to report the household
income of certain borrowers to CICs.
·
JMFHL was fined Rs 1.50 lakh by
the RBI for violating several of the
“Non-Banking Financial Company – Housing Finance Company (Reserve Bank)
Directions, 2021” regulations.
5.
RBI REVISES SOME
LENDING NORMS FOR UCBS
·
The Reserve Bank of India (RBI) revised the
norms for Urban Co-operative Banks
(UCBs), allowing them to classify
loans of up to Rs 25 lakh, or 0.4% of
Tier I capital, whichever is higher,
as small-value loans, subject to a
ceiling of Rs 3 crore per borrower.
·
Earlier, UCBs could classify
loans of up to Rs 25 lakh, or 0.2%
of Tier I capital, as small-value loans, subject to a ceiling of Rs 1 crore per borrower.
·
Housing loans under Priority Sector Lending (PSL) excluded from
commercial real estate (CRE)
exposure.
·
Revised Cap for Residential mortgages (non-PSL): Up to 25%
of total loans (vs. 10% earlier).
·
Real estate (excluding housing loans): Capped at 5% of total loans.
·
Builder/developer loans: Limited to 5% of total loans.
6.
RBI REDUCES RISK
WEIGHTS FOR BANKS LENDING TO NBFCS AND MFIS
·
The Reserve Bank of India (RBI) reduced the
risk weights on the exposure of Scheduled Commercial Banks (SCBs) loans to
Non-Banking Financial Companies (NBFCs) and
Microfinance Institutions (MFIs).
·
RBI has lowered the risk weights of bank
loans to NBFCs by 25 basis points (bps), from 125% to 100%, depending
on the ratings.
·
As per RBI directions, risk weights for microloans by banks will
be 75%, while risk weights for loans for consumption purposes will be 100%, from
current 125%.
·
In addition to that, microfinance
loans extended by Regional Rural Banks (RRBs), and Local Area Banks (LABs) will attract a risk weight of 100%.
·
The decrease in risk weights
will free maximum Rs 40,000 crore capital,
which would mean banks can grant loans up to Rs 4 lakh crore to ‘AAA-rated’ companies.
7.
INDIA TO BECOME USD
23-USD 35 TRILLION GDP BY 2047: NASSCOM
·
Boston, (USA)-based management consultant company, Bain
& Company, Inc. in collaboration with National Association of
Software and Services Companies (NASSCOM) released a
report titled ‘India@2047:
Transforming India into a Tech-Driven Economy’. As per the report,
India is set to become a High-Income Nation (HIN) with a projected Gross
Domestic Product (GDP) of USD 23-USD 35 trillion by
2047.
·
This growth is mainly be driven by sustained annual growth of 8%-10%, supported
by India’s demographic dividend, technological innovation, and sectoral
transformation.
·
The report has projected
that services sector is expected to make
up 60% of India’s GDP, while manufacturing will account for 32%.
·
The report has outlined 5 key
sectors such as: electronics, energy, chemicals, automotive, and
services, will act as strategic growth levers due to alignment with
international trends and scalability.
·
These sectors have the potential to address India’s unique challenges
and advantages.
·
NASSCOMPresident- Rajesh Nambiar.
·
Headquarters- Noida.
8.
ADB USD 200 MILLION
LOAN TO KOLKATA
·
The Asian Development Bank (ADB) approved a USD
200 million loan to improve the development of climate and
disaster-resilient sewerage and drainage infrastructure in Kolkata,West
Bengal with the aim of enhancing Kolkata’s livability.
·
The loan agreement was part of the Kolkata Municipal Corporation
Sustainability, Hygiene, and Resilience (Sector) Project (KSHARP).
·
ADBPresident – Masato Kanda.
·
Headquarters – Mandaluyong City, Manila, Philippines.
·
Established – 1966.
·
Members – 68 countries (49 from the Asia-Pacific region).
9.
INTERNATIONAL MOTHER
LANGUAGE DAY 2025 – FEBRUARY 21
·
The United Nations (UN’s) International Mother Language Day (IMLD) is
observed annually on February 21 across the globe to
raise awareness about the importance of preserving and promoting mother
languages.
·
The theme of IMLD 2025: “Languages Matter:
Silver Jubilee Celebration of International Mother Language Day,”
serves as an important reminder to safeguard linguistic diversity and encourage
the use of mother tongues.
·
The initiative to celebrate
IMLD originated in Bangladesh, where it honors the language martyrs who made
the ultimate sacrifice during the 1952 language movement in Dhaka, Bangladesh
striving to protect the dignity of their mother tongue, ‘Bangla’.
·
UNESCO Director-General (DG)– Audrey Azoulay.
·
Headquarters– Paris, France.
·
Established – 1945.
10.
WORLD THINKING DAY
2025 – FEBRUARY 22
·
World Thinking Day (WTD)
is celebrated annually on 22nd February by Girl Scouts and Girl Guides in 153
countries worldwide.
·
It is annually observed and organized by the World Association of
Girl Guides and Girl Scouts (WAGGGS).
·
The theme for WTD 2025 is “Our Story”.
·
In 1926, delegates from Girl Guide and Girl
Scout organisations across the world gathered in the United States of America
(USA) for the 4th WAGGGS World
Conference, where they decided to establish Thinking Day, a special day for
Girl Guides and Girl Scouts.
·
In 1999, at the 30th World
Conference in Dublin (Ireland), the name of the day was changed to “World
Thinking Day” to better highlight the global scope of the celebration.
·
In 1928, WAGGGS was
established at the 5th International
Conference in Poland.
·
It operates five World Centers in
Adelboden (Switzerland), London (England), Cuernavaca (Mexico), Maharashtra
(India), and Africa.
·
Headquarters – London.
11.
CENTRAL EXCISE DAY
2025 – FEBRUARY 24
·
The Central Excise Day is observed annually
on 24th February across India to honor the
contributions of the Central Board of Indirect Taxes and Customs (CBIC),
the authority responsible for managing indirect taxes in India.
·
The Central Excise Day dates back to 1944 when the Government of India
(GoI) approved the Central Excise and Salt Act.
·
Central Board of Indirect
Taxes and Customs (CBIC) Chairman- Sanjay Kumar Agarwal.
·
Headquarters– New Delhi.
·
Established- 1944.
12.
NATIONAL PROTEIN DAY
2025 – FEBRUARY 27
·
National Protein Day is observed annually on 27 February across
India to raise awareness about the vital role, protein plays in maintaining a
healthy diet.
·
Initiated by the US Soybean
Export Council (USSEC) to educate people on the importance of protein in
nutrition and health.
13.
WORLD NGO DAY 2025 –
FEBRUARY 27
·
World Non-Governmental Organisation (NGO) Day
is observed annually on 27 February across the globe
to recognize, celebrate, and honor the contributions of NGOs and Non-Profit
Organizations (NPOs) that contribute to society all year round.
·
The theme for World NGO Day 2025: “Empowering
Grassroots Movements for a Sustainable Future” highlights the
need to empower local communities for a sustainable, inclusive future.
14.
NATIONAL TRIBAL
FESTIVAL ‘AADI MAHOTSAV 2025’
·
The National Tribal Festival 2025 known as Aadi Mahotsav 2025,
a flagship initiative organized by Tribal Co-operative Marketing Development
Federation of India Limited (TRIFED) under the
Ministry of Tribal Affairs (MoTA), was inaugurated by the President of India, Droupadi Murmu,
at the Major Dhyan Chand National Stadium in New Delhi.
·
The 2025 festival’s theme : “A Celebration of the Spirit of
Entrepreneurship, Tribal Craft, Culture, Cuisine, and Commerce,” embodies the
essence of tribal life.
15.
FATHER OF ODISSI
DANCE MAYADHAR RAUT PASSES AWAY
·
Padma Shri Awardee and renowned Odissi dancer Mayadhar Raut passed
away at the age of 92 in New Delhi
·
He was awarded the Padma Shri, India’s
fourth-highest civilian award, in the field of Arts in 2010 and he is
considered the “Father of Odissi dance“
·
Mayadhar Raut began to learn Odissi at the age of nine and he learned
the ‘Gotipua‘ dance form, a forerunner to the
classical Odissi dance.
·
He was the first person to present the ‘Gotipua Dance on stage in 1944.
