Current Affairs 5 March 2025

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NATIONAL AFFAIRS

NITI Aayog Report: Women’s Credit Monitoring Surges 42%, Hits 27 Million in 2024On March 3, 2025, the Women Entrepreneurship Platform (WEP) of the National Institution for Transforming India (NITI) Aayog, in partnership with TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited) and Lucknow (Uttar Pradesh, UP) based MicroSave Consulting (MSC), unveiled a new report titled “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story.”

• The report, launched by B.V.R. Subrahmanyam, CEO of NITI Aayog, highlights a significant increase in financial awareness among women, with 27 million actively monitoring their credit as of December 2024, marking a 42% growth compared to the previous year.

Highlights:
i.In December 2024, the share of women in the total self-monitoring base rose to 19.43% compared to 17.89% in 2023.

• Women in non-metro regions are more actively self-monitoring their credit than those in metro areas, with a 48% growth in non-metro regions and a 30% increase in metro areas.
• Additionally, younger Gen Z women are leading the way in credit monitoring, with their number increasing by 56% year-over-year (YoY).

ii.As per the report, the number of accounts( 37 lakh) opened for business purpose has grown 4.6 times since 2019(8 lakh).

• Business loan disbursements to women also surged to Rs.1.9 lakh crore in 2024, up from Rs.0.7 lakh crore in 2019, but these loans constitute only 3% of overall loans availed by women in 2024.

iii.Since 2019, women’s share in business loan origination has risen by 14%, and their share in gold loans has grown by 6%. By December 2024, women represented 35% of business borrowers.
iv.Maharashtra, Tamil Nadu (TN), Karnataka, Uttar Pradesh (UP), and Telangana together accounted for 49% of all self-monitoring women, with the southern region leading at 10.2 million in 2024.
v.Northern and central states, such as Rajasthan, UP, and Madhya Pradesh (MP), experienced the highest Compounded Annual Growth Rates (CAGR) in active women borrowers over the last five years.
About TransUnion CIBIL Limited:
Managing Director (MD) & Chief Executive Officer (CEO) – Bhavesh Jain
Headquarters – Mumbai (Maharashtra)
Founded – 2000

India and Nepal Sign MoU to Strengthen Cooperation in WASH SectorOn 3 March 2025, the Government of India(GoI) and the Government of Nepal signed a Memorandum of Understanding (MoU) to strengthen cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management.

• The agreement aims to improve access to clean drinking water and sanitation for their populations by enhancing cooperation between the two countries and strengthening intergovernmental cooperation in the WASH sector.
• The agreement was signed in New Delhi, Delhi in the presence of Union Minister Chandrakant Raghunath Patil, Ministry of Jal Shakti (MoJS), and Pradeep Yadav, Minister of Water Supply, Government of Nepal, and attended by senior officials from both countries.

Key Areas of MoU:
The comprehensive MoU offers a collaboration framework including several key areas:
i.Capacity Building: Both countries will participate in capacity-building initiatives, providing Training programs for Nepali personnel in water resource management and related fields.
ii.Technology and Knowledge Transfer: India and Nepal exchange technological expertise and best practices in the WASH sector.
iii.Groundwater Management: The two countries will collaborate on projects for rainwater harvesting, artificial recharge, and quality enhancement as well as the monitoring, evaluation, and management of groundwater resources.
iv.This MoU between India and Nepal reflects a shared commitment to public health, sustainability, and regional cooperation.
About Nepal:
Prime Minister (PM) – Khadga Prasad Sharma Oli
President – Ram Chandra Paudel
Capital – Kathmandu
Currency – Nepalese Rupee (NPR)

IIFT & APEC-Antwerp Signed MoU to Bolster Trade and Logistics EducationIn March 2025, New Delhi (Delhi)-based Indian Institute of Foreign Trade (IIFT), autonomous body under the Ministry of Commerce and Industry (MoC&I) and Antwerp (Belgium)-based APEC-Antwerp/Flanders Port Training Center, a leading training institute affiliated with the Port of Antwerp-Bruges International, have signed a Memorandum of Understanding (MoU) to enhance academic collaboration and knowledge exchange in the fields of global trade, logistics, and supply chain management.

• The MoU aims to bolster trade education and training ties between India and Belgium by facilitating faculty and student exchanges for improved cross-culture business learning.

Key Dignitaries: The MoU was signed in the presence of eminent dignitaries from India and Belgium:
i.Union Minister of State (MoS) Jitin Prasada, MoC&I; Ajay Bhadoo, Additional Secretary, MoC&I; Professor Rakesh Mohan Joshi, Vice-Chancellor (VC), IIFT; and other senior faculty members and distinguished members from IIFT were present at the event.
ii.The Belgian delegation included: His Excellency Matthias Diependaele, Minister –President of the Flemish Government and Flemish Ministry of Economy, Innovation, and Industry, Foreign Affairs, Digitalisation, and Facility Management; Jacques Vandermeiren, Chief Executive Officer (CEO) of Port of Antwerp-Bruges International, among others graced the event.
Background:
This strategic collaboration between IIFT and the Port of Antwerp started in 2019 with 206 students from the institute visiting the port for firsthand learning.
Key Points:
i.The MoU includes joint research on port management, international logistics, and trade facilitation, along with specialized training programs, workshops, and industry interactions.
ii.Also, this strategic partnership will enhance knowledge transfer in critical areas such as: e-governance, digital trade, and emerging business technologies.
iii.After the signing of MoU, a roundtable discussion was held between the Minister-President of Belgium and IIFT alumni who had previously visited APEC, sharing their experiences and key takeaways from the initiative.
About Indian Institute of Foreign Trade (IIFT):
Chancellor -Sunil Barthwal
Headquarters- New Delhi, Delhi
Established- 1963
About APEC-Antwerp/Flanders Port Training Center:
Headquarters- Antwerp, Belgium
Established- 1977

PM Modi Released India’s 1st ever Riverine Dolphin Estimation Report: 6,327 dolphins, Highest in UPIn March 2025, Prime Minister (PM) Narendra Modi released India’s 1st ever riverine dolphin estimation report during his visit to Gir National Park (NP) in Gujarat, where he chaired the 7th meeting of the National Board for Wildlife (NBWL). The report was released on the eve of World Wildlife Day (WWD) observed annually on March 3 worldwide.

• As per the report, India has 6,327 riverine dolphins across 28 rivers in 8 states. 6,324 dolphins found across the Ganga and Brahamputra river basins and remaining 3 Indus river dolphins in the Beas river basin in Punjab.
• Assam, Rajasthan, Madhya Pradesh(MP), Punjab, and Lakshadweep are identified as the key dolphin hotspot states.

i.The survey was conducted between 2021 and 2023 by Wildlife Institute of India (WII) in partnership with state forest departments of Punjab, Uttar Pradesh (UP), Bihar, Assam, Jharkhand, Rajasthan; and Non-profit organisations including Aaranyak, World Wildlife Fund (WWF), Turtle Survival Alliance and Wildlife Trust of India.
ii.UP with 2,397 dolphins, has topped among the 8 states with highest number of dolphins in the country, followed by Bihar (2,220); WB (815) and Assam (635).
About National Board for Wildlife (NBWL):
It is a statutory body established under sub-section (1) of section 5A of the Wildlife Protection Act, 1972. It advises the government on wildlife conservation and comprises of 47 members.
Chairperson- Prime Minister Narendra Modi
Vice-Chairperson- Union Minister Bhupendra Yadav, Ministry of Environment, Forest and Climate Change (MoEFCC)
>> Read Full News

Union Minister of Cooperation Amit Shah Inaugurated ‘Workshop on Sustainability & Circularity in Dairy Sector’ in New DelhiIn March 2025, Union Minister Amit Shah, Ministry of Cooperation (MoC) inaugurated the ‘Workshop on Sustainability and Circularity in the Dairy Sector’ at Bharat Mandapam in New Delhi (Delhi).

• The workshop was organised by the Department of Animal Husbandry & Dairying (DAHD) under the Ministry of Fisheries, Animal Husbandry and Dairying (MoFAH&D) in partnership with National Dairy Development Board (NDDB).
• Sustainability, efficiency and circularity of resources in the dairy sector will play a pivotal role in realizing Prime Minister (PM) Modi’s vision of ‘Sahkar se Samriddhi’.

i.During the workshop, NDDB signed a Memorandum of Understanding (MoU) with National Bank for Agriculture and Rural Development NABARD aimed at promoting sustainable and inclusive growth in the dairy sector by using the technical, financial and implementation support.
ii.NDDB has introduced a new financing scheme with estimated budget outlay of Rs 1,000 crores, aimed to provide financial assistance through credit support for small biogas, large-scale biogas plants, and Compressed Biogas (CBG) projects, thereby facilitating the scaling up of several manure management models over the next 10 years.
About National Dairy Development Board (NDDB):
Chairman & Managing Director (CMD)- Dr. Meenesh Shah
Headquarters- Anand, Gujarat
Established – 1965
>> Read Full News

India’s First World Peace Center Inaugurated in Gurugram, Haryana
In March 2025, India’s first World Peace Center was established under the leadership of Ahimsa Vishwa Bharti founder, Jain Acharya Lokesh Muni and the efforts of Ahimsa Vishwa Bharti and inaugurated in Gurugram, Haryana.

• The event was graced by Ram Nath Kovind, the former President of India, along with dignitaries including Gulab Chand Kataria, Governor of Punjab, Arif Mohammad Khan, Governor of Bihar, Nayab Singh Saini, Chief Minister (CM) of Haryana, Rekha Gupta, CM of Delhi.

i.Acharya Lokesh emphasized that the World Peace Centre will serve as an inspiration of spirituality and social togetherness, providing a platform for peace education, environmental preservation, equality, and institutional peace-building processes
ii.The World Peace Centre will play an important role in raising awareness, encouraging social responsibility, and promoting sustainable development, as well as establishing institutional networks for peace and harmony.

INTERNATIONAL AFFAIRS

Forbes’ The Highest-Paid Actors of 2024: American Actor Dwayne Johnson Tops, 3 Actress Make the Top 20 ListIn February 2025, Forbes released its annual list of ‘The highest-paid actors of 2024’, showcasing the immense earnings of Hollywood’s top stars across various platforms.
i.American actor and professional wrestler Dwayne Douglas Johnson, also known as “The Rock,” has secured the top position globally with astounding earnings of USD 88 million (approximately 73.58 crore), primarily from his roles in blockbuster films such as Red One and voicing Maui in Moana 2.
ii.Canadian-American actor and film producer Ryan Rodney Reynolds ranks 2nd, with an impressive USD 85 million (approximately 70.98 crore), for his contributions as the lead producer, co-writer, and star of ‘Deadpool & Wolverine’.
iii.American comedian and actor Kevin Darnell Hart (USA) secured 3rd place, earning USD 81 million (approximately 67.73 crore), for his expansive entertainment ventures with numerous films, Television (TV) series, stand-up comedy, and podcasting.
iv.American Actress Nicole Mary Kidman was the highest-paid actress 2024, ranking 8th overall with USD 31 million.
About Forbes:
Chief Content Officer (CCO)- Randall Lane
Headquarters- United States of America (USA)
Established– 1917
>> Read Full News

BANKING & FINANCE

Paytm Partners with RBL Bank to Strengthen Digital Payment
In March 2025, Paytm(Pay Through Mobile), a wholly owned subsidiary of Noida (Uttar Pradesh) based One97 Communication, has partnered with Mumbai (Maharashtra) based RBL Bank Limited to provide its sound box and card machines to RBL Banks’s merchants, making transactions easier and more efficient.

• The agreement enables seamless transactions across various payment modes, including Unified Payment Interface (UPI), RuPay credit card on UPI, UPI Lite, debit cards, credit cards, and Equated Monthly Instalment (EMI) options from major banks.

i.Paytm’s Soundbox range, including Near-Field Communication (NFC) Card Sound Box and Quick Response (QR) Sound Box, provides merchants with instant audio alerts in 11 languages, enabling secure transactions and supporting ‘Tap and Pay’ payments at small shops.

• It also allows merchants to accept global card payments from international tourists, reducing cash dependency.

ii.Its Card Machines ‘Electronic Data Capture (EDC) devices enhance digital payment acceptance by providing businesses with a secure and flexible solution, supporting diverse customer preferences, and offering low or zero-cost EMI options through partnerships with over 17 partner banks.

ECONOMY & BUSINESS

Rupee112 Launches India’s First Fully Automated WhatsApp Loan Disbursal
In February 2025, Gurugram (Haryana) based fintech startup Rupee112 launched India’s first fully automated loan disbursal service through WhatsApp, enabling salaried professionals to access unsecured loans immediately.

• The service reduces approval times and eliminates paperwork to quicken the lending process by using Artificial Intelligence (AI) and Machine Learning (ML).

i.The platform allows borrowers to secure loans ranging from Rs 5,000 to Rs 1,00,000 by messaging Rupee112’s official WhatsApp number.

• Once the request is submitted, the system verifies the user’s information in real time and transfers the funds directly to their bank accounts within minutes.

ii.The launch of this service highlights the growing role of AI in digital lending, particularly in simplifying verification and eliminating manual interaction.

India’s GDP Growth Estimated at 7.6% in Q4 FY25: SBI Research
According to the State Bank of India (SBI) Research report released in February 2025, India’s Gross Domestic Product (GDP) growth for the fourth quarter of the Financial Year 2024-25 (Q4 FY25) is estimated at 7.6%.

• The real GDP growth rate of 9.2% for FY24 is the highest in the past 12 years, excluding FY22, which recorded 9.7% growth, the highest since India’s independence.

i.India registered a 6.2% GDP growth in Q3 FY25, bouncing back from 5.6% growth in Q2 FY25.
ii.Strong performance in agriculture and industry contributed to a 6.2% increase in Gross Value Added (GVA) in Q3 FY25, rising from 5.8% in Q2 FY25. iii.The industrial sector also grew by 4.5% in Q3 FY25, up from 3.8% in Q2 FY25.

• Both electricity, gas, water supply, and other utility services, and mining and quarrying grew by 5.1% and 1.4%, respectively.

iv.With better policy making and proofing leakage of benefits through DBT, the per capita GDP at current prices is estimated at Rs 2.35 lakh in FY25, with decadal Compound Annual Growth Rate (CAGR) growth of 9.1% .

APPOINTMENTS & RESIGNATIONS

Christian Stocker Sworn in as the new Chancellor of AustriaIn March 2025, Austria has ended five months of political deadlock with the swearing-in of Christian Stocker as the new chancellor, leading a three-party coalition government. He replaced Alexander Schallenberg, who stepped down following political changes.

• The ceremony took place at Vienna’s Hofburg Palace, marking the conclusion of the country’s longest government formation process since World War II.

The Coalition and Its Formation:
i.The new government comprises the Austrian People’s Party (OVP), the centre-left Social Democrats (SPO), and the liberal Neos party.
ii.This coalition was formed after the far-right Freedom Party (FPO), which won the most votes in the September 29 parliamentary elections, failed to secure a governing agreement.
iii.The coalition’s “common programme” includes stricter asylum rules and measures to address rising unemployment, a recession, and a strained budget.
Key Appointments:

• Christian Stocker (OVP): The 64-year-old chancellor, previously a deputy mayor in Wiener Neustadt, brings regional experience but lacks national government exposure.
• Andreas Babler (SPO): Appointed as vice chancellor.

About Christian Stocker:
i.Christian Stocker is a seasoned lawyer and politician.
ii.He was the chairman and deputy mayor of Wiener Neustadt(Austria) from 2000 to 2019. In 2019, he entered national politics as a member of the National Council, representing Lower Austria South.
iii.He is part of the Austrian People’s Party (ÖVP) and served as Secretary-General from September 2022 to January 2025.
iv.After Chancellor Karl Nehammer resigned in January 2025, he became the acting Chair of the ÖVP.
Austria:
Capital- Vienna
Currency– Euro(EUR)

Pro-Russian Politician Badra Gunba Won in Abkhazia’s Presidential Election
In March 2025, Pro-Russian politician Badra Gunba was declared the winner of the runoff presidential election in Abkhazia, a breakaway region of Georgia under de-facto Russian control since the 2008 war between Moscow and Tbilisi.

• Badra Gunba secured 54.73% of the vote, defeating opposition candidate Adgur Ardzinba, who received 41.54%.

i.Abkhazia has faced political instability since November 2024, when mass protests forced the resignation of pro-Kremlin leader Aslan Bzhania over a controversial Russian investment bill.

• Critics feared the legislation would lead to unchecked development in the region, sparking widespread dissent. He was the third Abkhazian leader to resign due to protests since 2014.

ii.Gunba served as interim leader and vice president, and Ardzinba, a former minister of economy, supported relations with Russia while supporting the protesters.

SPORTS

Indian Grandmaster Pa Iniyan Wins 38th ‘Cannes International Open Chess Tournament’On March 3, 2025, Indian Grandmaster(GM) Panneerselvam (Pa) Iniyan won the 38th ‘Cannes International Open Chess Tournament 2025’ title, by defeating compatriot V Pranesh in the ninth and final round held in Cannes, France.

• Pa Iniyan secured first place with an impressive score of 7.5 points, while India’s Aradhya Garg, an International Master secured 2nd place with 7 points.
• World Junior Chess Champion Kazybek Noderbek from Kazakhstan, also scored 7 points and was placed 3rd after a tiebreak.

About Cannes International Open 2025: 
i. The Cannes International Open Chess Tournament 2025 featuring a total of 147 players from 25 countries.

• The event was structured as a 9-round Swiss system competition.

ii.The tournament witnessed participation from 6 Grandmasters and 21 International Masters.
iii.The tournament was held from March 1 to March 2, 2025, featuring a challenging format where top-tier players from around the world competed for the title.
Prize Money:
The tournament featured a prize fund of 10,000 Euro (USD 10,900), with the top 3 players earning 1,800 Euros (USD 1,950), 1,200 Euro (USD 1,300), and 700 Euro (USD 760), respectively.
Highlights: 
i.Pa Iniyan, displayed remarkable consistency, throughout the tournament, delivered stellar performances, by securing six wins and three draws.
ii.His victory earned him 12 rating points, increasing his Elo rating to 2579, bringing him closer to the highly sought-after 2600 Elo barrier.
Note: Elo rating system is a method used to calculate the relative skill levels of players in two-player games, most notably in chess.
Winners of Cannes International Open Chess Tournament:

OBITUARY

Renowned Marathi Travel Writer Dr Meena Prabhu Passed Away
Veteran Marathi writer and renowned travelogue author Dr. Meena Prabhu passed away on March 1, 2025. Born on 27th August 1939, in Pune (Maharashtra), she was well known in Maharashtra for her travel writings, novels, and poetry.

• She traveled extensively and captured her experiences in many travelogues, with her first book, Maza London, gaining immense popularity, running into seven editions, and being available in Braille for visually impaired readers.

Awards and Honors:
i.In 2023, she received the Maharashtra Sahitya Parishad’s Lifetime Achievement Award for her significant contribution to literature.
ii.In 2017, she launched Prabhu Gyanmandir, a modern Kindle library project in Pune to promote knowledge and literature. She led the Women’s Literature Conference in Goa.
iii. She was honored with multiple awards, including the DB (Dattatraya Balwant) Mokashi Award in 2010, Mrunmayee Award in memory of GN (Gopal Nilkanth) Dandekar in 2011, N.C (Narayanrao Chintaman) Kelkar Award in 2012, and the Maharashtra State Literature Award.

IMPORTANT DAYS

National Security Day 2025 – March 4 National Security Day (NSD), also known as Rashtriya Suraksha Diwas, is observed annually on 4 March across India to honor and show gratitude to the Indian Security Forces including the Police, Military, Para-Military, Guards, Commandos, and other forces who are involved in maintaining the peace and security of the people of India.

• March 4 also commemorates the formation of the Safety Council in 1966.

History of NSC:
i.The National Security Council (NSC) was established by former Prime Minister (PM) Atal Bihari Vajpayee on November 19, 1998.
ii.The NSC is a federal institutional and consultative body, with the PM serving as its Chairman and the National Security Advisor (NSA) as its Secretary.

• Brajesh Mishra was the first NSA, serving from 1998 to 2004.

iii.The NSC is a three-tiered organization within the executive office of the PM, addressing a broad range of issues, including politics, economics, energy, and security.
About the National Security Council (NSC):
National Security Advisor (NSA)– Ajit Doval
Headquarters- New Delhi, Delhi
Established– 1998
>> Read Full News

World Day of Fight Against Sexual Exploitation 2025 – March 4The World Day Against Sexual Exploitation is observed globally on March 4th each year to raise awareness about sexual exploitation and offer support to victims of sexual abuse.

• Since 2009, March 4th has been recognized as the World Day to Fight Against Sexual Exploitation.

Significance:
i.The World Day to Fight Against Sexual Exploitation was created in response to the growing incidents of sexual exploitation, such as human trafficking, child pornography, prostitution, and various other forms of violence.
ii.Human rights organizations and activists played a key role in establishing this day to raise awareness and urge governments and communities to take action.
About United Nations Children’s Fund (UNICEF):
Executive Director(ED) – Catherine Mary Russell
Headquarters – New York, the United States of America(USA)
Established -1946
>> Read Full News

National Safety Day 2025 – March 4 National Safety Day (NSD) is observed annually on 4 March across India to emphasize the importance of safety measures in preventing workplace accidents. The day also promotes a culture of safety in workplaces, encouraging strict adherence to safety guidelines.

• 4 March also marks the commencement of the ‘National Safety Week Campaign’, which is annually observed across India from 4-10 March.
• 4 March 2025 marks the observance of the 54th National Safety Day/National Safety Week Campaign.
• The theme for NSD 2025 is “Safety & Well-being Crucial for Viksit Bharat,” aligns with the vision of ‘Viksit Bharat 2047’ underscoring the role of safety in India’s developmental goals.

Background:
i.The origins of NSD trace back to 1966, when the National Safety Council (NSC) of India was established under the Ministry of Labour and Employment (MoL&E). 
ii.In 1972, the NSC designated 4th March as National Safety Day, initiating a nationwide campaign to raise awareness about safety standards and practices.

• The first-ever National Safety Day was observed in 1972.

About National Safety Council (NSC):
Director-General (DG)– Dr. Lalit R Gabhane
Headquarters– Navi Mumbai, Maharashtra
Established– 1966
>> Read Full News

World Obesity Day 2025 – March 4 World Obesity Day (WOD) is annually observed across the globe on 4 March to create awareness about the risks of obesity and to promote practical solutions to end the growing global obesity crisis. The WOD was organised by the World Obesity Federation (WOF).

• 4th March 2025 marks the observance of the 11th WOD.
• The theme of WOD 2025 is “Changing Systems, Healthier Lives.”

Background
i.In 2015, WOD was established on 11 October as an annual campaign to encourage and support practical activities that help people achieve and maintain a healthy weight, thereby reducing global obesity.

• Initially, WOD was observed on 11 October till 2019. Since 2020, the World Obesity Day date has been changed to 4 March.

ii.The first ever WOD was observed on 11 October 2015.
About World Obesity Federation (WOF):
President – Louise Baur
Headquarters – London, United Kingdom (UK)
Established – 1967
>> Read Full News

STATE NEWS

Jharkhand FM Radhakrishna Kishore Presents Rs 1.45 Lakh Crore Budget for FY 26On 3 March 2025, Finance Minister (FM)  of Jharkhand, Radhakrishna Kishore Jllhas  introduced the state budget for the financial year 2025-26 (FY 26), amounting to Rs.1,45,400 crore. It is called the “Abua Budget,” symbolizing the state’s commitment to the welfare of all its people.  It represents an increase from the previous year’s budget of Rs 1.28 lakh crore.

• The budget focuses on helping the poor, farmers, tribals, and women in the state, and aims for inclusive development.

Financial Indicators:
i.The state’s economy is projected to grow at a rate of 7.5% during this period.
ii.The fiscal deficit for FY 26 is estimated at Rs 11,253 crore.
iii For the upcoming fiscal year, the state expects to generate Rs 35,200 crore in revenue from its own tax sources.
iv.Jharkhand Gross State Domestic Product (GSDP) at current prices was about Rs.4.6 trillion in FY24 and the State Government will try to make it Rs.10 trillion by FY30.
Key Allocations:
I.To strengthen the agricultural sector and support farmers, the Government of Jharkhand  has set aside Rs 4,587 crore
II.The Jharkhand government has prioritized infrastructure and rural development in its budget, allocating Rs 9,841 crore for various rural development projects.
III.The budget has allocated Rs 62,844 crore to the social sector to support various development initiatives.
IV.The budget includes provisions for strengthening education and healthcare infrastructure in Jharkhand.
About Jharkhand:
Chief Minister (CM)– Hemant Soren
Governor– Santosh Kumar Gangwar
Capital– Ranchi
Wildlife Sanctuaries – Hazaribagh Wildlife Sanctuary, Koderma Wildlife Sanctuary
>> Read Full News

Bihar FM Samrat Choudhary Presents Rs 3.17 lakh crore State Budget for FY26On 3 March 2025, Samrat Choudhary, Deputy Chief Minister (Dy CM), and Finance Minister (FM) of Bihar presented a Rs 3.17 lakh crore (Rs 3,16,895.02 crore) state Budget for the Financial Year 2025-26(FY26). The budget expenditure estimated for 2025-26 is Rs 38,169 crore more than the budget estimate (Rs 2,78,725.72 crore) for FY25..

• The Education sector receives the highest allocation of Rs.60,954 crores, followed by the Health Department (Rs.20,335 crores), the Rural Development Department (Rs.16,193 crores) and , Energy Department(Rs.13,483 crores).

Fiscal Indicators:
i.The Revenue Expenditure for 2025-26 is estimated at Rs 2,52,000 crore, which is Rs 26,323 crore more than Rs 2,25,676.99 crore for the 2024-25 budget estimate.
ii.The Capital Expenditure for 2025-26 is estimated at Rs 64,894.76 crore. The Revenue and Capital Expenditures in the total expenditure (Rs 3,16,895 crore) are 79.52% and 20.48% respectively.
iii.For 2025-26, the estimated Fiscal Deficit is Rs 32,718 crore, which is 2.98% of the Gross State Domestic Product (GSDP) of Rs 10,97,264 crore.
About Bihar:
Chief Minister (CM)- Nitish Kumar
Governor– Arif Mohammed Khan
Airports– Darbhanga Airport, and Jogbani Airport
Birds Sanctuaries– Kanwar Jheel Birds Sanctuary, Nagi-Nakti Bird Sanctuary
>> Read Full News

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