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NATIONAL AFFAIRS
Union Minister Ashwini Vaishnaw Inaugurated NIELIT Deemed to be University in Assam
In January 2025, Union Minister Ashwini Vaishnaw, Ministry of Railways (MoR), Ministry of Information & Broadcasting (MIB) and Ministry of Electronics & Information (MeitY) and Governor of Assam Lakshman Prasad Acharya along with Chief Minister (CM) of Assam Himanta Biswa Sarma jointly inaugurated ‘National Institute of Electronics & Information Technology’ (NIELIT) Deemed to be University at 12 locations including five locations in the North Eastern States at an event held in Guwahati, Assam.
- Union Minister Ashwini Vaishnaw informed that the new campus of NIELIT will be developed in Jagiroad(Assam), which will focus on semiconductor manufacturing and electronics manufacturing.
i.The NIELIT, the only University under the MeitY, established in 1994 to enhance education and research in Electronics and Information Technology(IT).
ii.During the event, NIELIT and Bengaluru (Karnataka) based Tata Electronics Private Limited (TEPL) signed a Memorandum of Understanding (MoU) to enhance the semiconductor skill development ecosystem in India.
About Tata Electronics Private Limited (TEPL):
Managing Director(MD) & Chief Executive Officer (CEO) – Randhir Thakur
Headquarters – Bengaluru, Karnataka
Incorporated – 2020
>> Read Full News
Union Home Minister Amit Shah Launched ‘BHARATPOL’ portal to Revolutionalize International Crime Investigations
On January 07 2025, Union Minister Amit Shah, Ministry of Home Affairs (MHA) and Ministry of Cooperation (MoC) launched the ‘BHARATPOL’ portal during the event held at Bharat Mandapam in New Delhi, Delhi.
- He also awarded 35 Central Bureau of Investigation (CBI) officers and officials with the President’s Police Medal for Distinguished Service and the Union Home Minister’s Medal for Excellence in Investigation.
About ‘BHARATPOL’ portal :
i.The portal is developed by the CBI, which aims to streamline the process for Law Enforcement Agencies (LEAs) in India to seek international assistance through International Criminal Police Organisation (INTERPOL) in criminal matters.
ii.The portal will be managed by the CBI, which also acts as India’s National Central Bureau (NCB) for INTERPOL. This portal will enable the CBI to coordinate international police requests, including those related to Red notices and other INTERPOL alerts.
- The portal will provide quicker and more efficient real-time sharing of information among Indian LEAs and other international law agencies.
iii.The five key modules of Bharatpol are connect, Interpol notices, references, broadcast, and resources, providing a technological platform to support all our law enforcement agencies.
iv.It will enhance collaboration between central, state, Union Territory (UT) LEAs, providing seamless communication between various police organisations in India.
v.The portal will replace previously used communication methods like: letters, emails, and faxes, with faster, digital solutions .This will ensure more efficient exchanges among CBI, INTERPOL liaison officers (ILOs), and unit officers (UOs).
vi.It will also address the increasing threat of translational crimes such as: cybercrime, financial fraud, human trafficking, and organised crime by providing rapid international assistance.
About Ministry of Home Affairs(MHA):
Union Minister- Amit Shah (Constituency- Gandhinagar, Gujarat)
Minister of State (MoS)- Bandi Sanjay Kumar (Constituency- Karimnagar, Telangana)
About International Criminal Police Organisation (INTERPOL):
Secretary General- Valdecy Urquiza(Brazil)
Headquarters- Lyon, France
Established- 1923
Chhattisgarh: India’s 1st State to Integrate Forest Ecosystems into Green GDP
In January 2024, Chhattisgarh has become the first state in India to introduce an innovative plan that connects the ecosystem services of its forest with the Green Gross Domestic Product (Green GDP).
- The initiative aims to directly link the environmental contributions of forests like clean air, water conservation, biodiversity and the state’s economic progress.
- It aligns with Prime Minister (PM) Narendra Modi’s vision of a ‘Developed India 2047’.
- Chhattisgarh, where forests cover 44% of the land, relies on its rich natural resources to support the livelihoods of millions.
Key Points:
i.Forests play a dual role in Chhattisgarh’s economy and environment, significantly boosting the rural economy through products like tendu leaves, lac, honey, and medicinal plants, while also helping combat climate change by acting as carbon sinks.
ii.The action plan seeks to balance economic growth with environmental conservation to protect the ecosystem for future generations.
iii.By linking these benefits to Green GDP, Chhattisgarh aims to improve budget planning and promote policies for sustainable development.
iv.It recognizes the key benefits of forests, like climate regulation, soil enrichment, water purification, and carbon absorption, and incorporates these into the state’s economic planning.
v.Scientists will evaluate the essential ecosystem services of forests to estimate their economic value accurately. This involves
Clean Air: The amount of Carbon-di-oxide (CO2) absorbed by trees and converted into oxygen will be quantified, and its market value will be included in the Green GDP.
Water Conservation: The economic impact of water supplied by forests through rivers and springs will be calculated.
Biodiversity: The role of forest fauna, including animals, birds, and insects, in maintaining ecological balance and supporting agriculture will be assessed.
About Green Gross Domestic Product (Green GDP):
i.Green GDP is a metric for measuring economic growth that takes into account the environmental costs of economic activities.
ii.Green GDP Calculation: When calculating Green GDP, the environmental and social costs associated with economic development are taken into account.
Green GDP = GDP − Environmental Costs − Social Costs
About Chhattisgarh:
Capital – Raipur
Chief Minister (CM) – Vishnu Deo Sai
Governor – Ramen Deka
Dance – Saila Dance, Karma, Sua Nacha, Panthi Dance
India-Malaysia First Security Dialogue to Strengthen Bilateral Cooperation
On January 7, 2025, India and Malaysia held their 1st inaugural India-Malaysia Security Dialogue in New Delhi (Delhi) to enhance bilateral cooperation. It aims to strengthen defence and security ties between the 2 nations for deeper cooperation in areas crucial to their mutual interests.
- The 1st India-Malaysia Security Dialogue was co-chaired by India’s National Security Adviser (NSA) to Indian Prime Minister, Ajit Doval and Malaysia’s Director General (DG) of the National Security Council, Raja Dato’ Nushirwan Bin Zainal Abidin.
Highlights:
i.Collaboration: The meeting centered on strengthening collaboration in counter-terrorism, deradicalisation, cybersecurity, defence industry and maritime security.
ii.Institutionalisation: The 2 countries agreed to institutionalise the dialogue with annual meetings to ensure regular discussions and continued cooperation.
iii.Enhancement: They also explored opportunities for enhancing cooperation in the strategic fields of critical minerals and rare earths.
iv.Both sides exchanged views on the evolving global and regional security environment, reflecting their shared commitment to addressing security challenges in the world.
v.This security dialogue follows the visit of Malaysian Prime Minister (PM) Dato’ Seri Anwar bin Ibrahim in August 2024 to India at PM Narendra Modi’s invitation.
Points to be noted:
- Malaysia is India’s 13th largest trade partner and the 3rd largest among Association of Southeast Asian Nations(ASEAN) members.
- In 2023, Defence Minister Rajnath Singh inaugurated Hindustan Aeronautics Limited’s (HAL) first regional office in Kuala Lumpur,Malaysia.
About Malaysia:
Prime Minister (PM)– Anwar bin Ibrahim
Capital- Kuala Lumpur
Currency- Malaysian ringgit (MYR)
Titagarh Rail Delivers India’s First Driverless ‘Make-in-India’ Trainset to Bengaluru Metro
In January 2025, Titagarh Rail Systems Limited, formerly Titagarh Wagons Limited, has made a significant stride in India’s urban mobility sector by delivering India’s 1st driverless, Made-in-India trainset to Bengaluru Metro Rail Corporation Limited (BMRCL).
- The delivery marks a pivotal moment for the Yellow Line of the Bengaluru Metro, which covers an 18-kilometer (km) stretch from Electronics City. This initiative aligns with the national goal to achieve a Viksit Bharat by 2047.
i.The trainset is an automated, stainless steel-bodied model built for superior performance.
ii.It was constructed at Titagarh Rail’s metro manufacturing facility in Uttarpara, West Bengal(WB).
iii.Titagarh Rail will provide two additional trainsets to BMRCL by April 2025 and ramp up production to two units per month by September 2025.
iv.This achievement showcases India’s commitment to advancing urban mobility solutions while promoting local manufacturing under the ‘Atmanirbhar Bharat’ (Self-Reliant India) initiative.
INTERNATIONAL AFFAIRS
GEAPP Partners with ISA to Propel India’s Green Energy Future
On January 7, 2025, the Global Energy Alliance for People and Planet (GEAPP) partnered with the International Solar Alliance (ISA), launched Multi-Donor Trust Fund (MDTF), Digitalization of Utilities for Energy Transition (DUET), and Energy Transitions Innovation Challenge 2.0 (ENTICE 2.0) which aimed at advancing India’s renewable energy sector.
- These partnerships boost India’s ambitious target of 500 gigawatts (GW) of renewable energy capacity by 2030.
Three Key Initiatives and Partnerships
i.Multi-Donor Trust Fund (MDTF): GEAPP strengthened its partnership with ISA by signing ISA’s MDTF with the goal of raising USD 100 million to support solar energy projects in India.
ii.DUET (Digitalization of Utilities for Energy Transition): The DUET program focuses on modernizing India’s grid systems to create a digital database of grid assets, including their locations and specifications.
iii.ENTICE 2.0: This platform is set to launch in January 2025 and was designed to support startups by offering funding, market access and mentorship to scale innovative solutions for India’s clean energy transition.
About Global Energy Alliance for People and Planet (GEAPP):
i.GEAPP was launched by the Rockefeller Foundation at the 2021 United Nations (UN’s) Climate Change Conference (COP26) to promote universal energy access and meet critical climate goals.
- Its work is organized around 3 catalytic themes: distributed renewable energy, green grids and green economy.
ii.It provides country-level support to 7 foundation countries, focuses on replicable and scalable solutions in an additional 13 countries and reaches 80+ countries.
- 7 foundation countries: Congo, Ethiopia, India, Indonesia, Nigeria, South Africa, and Vietnam.
Chief Executive Officer (CEO)- Woochong Um
Headquarters- New York, United States of America (USA)
>> Read Full News
BANKING & FINANCE
RBI releases MD on Credit Information Reporting
On January 6, 2025, the Reserve Bank of India (RBI) released a ‘Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025’, consolidating its various guidelines for banks and financial institutions regarding the reporting of Customer Credit Information(CCI).
- RBI issued these directions in the exercise of the powers conferred under Section 11 of the Credit Information Companies (CICs) (Regulation) Act, 2005.
- The purpose of issuing the MD is to establish a standardized framework for the reporting and dissemination of credit information, ensure the confidentiality and security of sensitive credit data, and address other related objectives.
SEBI eases Settlement Norms for Inactive Brokerage Accounts
On January 06 2025, the Securities and Exchange Board of India (SEBI) eased settlement norms for brokerage accounts that remain inactive for over 30 calendar days. It will takes effect immediately, replacing SEBI’s August 2024 circular on the same matter.
- This change aims to reduce procedural inefficiencies for brokers, making the process smoother by eliminating the daily settlement requirement.
i.Previously, brokers were obligated to identify inactive clients and return their funds within 3 working days.
ii.The new SEBI guidelines allow brokers to settle the funds of clients who haven’t traded for 30 calendar days on the upcoming settlement dates as per the monthly cycle, specified in stock exchanges’ annual calendars.
Note:A brokerage account is considered inactive if the client has not made any trades (buying or selling stocks) for 30 days in a row.
MFIN Defers new rule to Limit Lenders to 3 per Borrower to April 1 2025
In January 2025, Mumbai (Maharashtra) based Microfinance Institutions Network (MFIN), the self-regulatory organization (SRO) for the microfinance sector, announced a further three-month postponement for implementing its new rule that limits the number of lenders per borrower to 3, down from 4, to manage microfinance risks.
- Initially set to take effect on January 1, 2025, but now the implementation of this regulation postponed to April 1, 2025.
- The new regulations are aimed at ensuring better financial management and preventing over-indebtedness.
i.The postponement is to provide financial institutions enough time to adapt their Information Technology (IT) systems and business rule engines for smoother implementation.
ii.Other regulations, such as capping outstanding loans at Rs.2 lakh per borrower and stopping lending to delinquent customers took effect on January 1, 2025. And also directed its members to stop providing loans to customers whose overdue amounts exceed ₹3,000 and have been pending for more than 60 days.
Note- The Microfinance Institutions Network (MFIN) and Sa-Dhan (Self-Regulatory Organization for Microfinance Institutions) are two self-regulatory organizations (SROs) that play important roles in the microfinance sector in India.
ECONOMY & BUSINESS
India’s GDP Expected to Grow by 6.4% in FY25 against 8.2% in FY24: First Advanced Estimates by NSO
On January 07 2025, the National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the First Advanced Estimate (FAE) of Annual Gross Domestic Product (GDP) for the Financial Year 2024-25 (FY25), along with its expenditure components both at Constant (2011-12) and Current Prices.
- As per the NSO data, India’s Real GDP is expected to grow at a 4-year low i.e. at 6.4% in FY25 against the growth rate of 8.2% in Provisional Estimate (PE)of GDP for FY24 (2023-24).
i.Nominal GDP or GDP at Current Prices in FY25 is estimated at Rs 324.11 lakh crore as against Rs 295.36 lakh crore in FY24, reflecting a growth rate of 9.7%.
ii.Real Gross Value Added(GVA) registered a growth of 6.4% (FY25) as compared to 7.2% (FY24). It is estimated to grow from Rs 158.74 lakh crore PE for (FY24) to Rs 168.91 lakh crore in (FY25).
About Ministry of Statistics and Programme implementation (MoSPI):
Minister of State (MoS) (Independent Charge, IC)–Rao Inderjit Singh (Constituency- Gurugram, Haryana)
>> Read Full News
SBI Lowers India’s GDP Growth Forecast to 6.3% for FY25
On January 07 2025, the State Bank of India (SBI) released its latest Ecowrap Research Report. It has lowered India’s Gross Domestic Product (GDP) forecast to 6.3% for Financial Year 2024-25(FY25), which is marginally lower than the National Statistics Office (NSO)’s estimate of 6.4%.
- The report noted a “downward bias” in its projection and has cited several challenges affecting economic growth of the country, including a slowdown in lending and manufacturing, coupled with the effects of a large base effect from the preceding year.
- Also, slowdown in total demand during the fiscal year is reflected in the First Advance Estimates (FAE) for GDP released by NSO in January, 2025.
Key Points:
i.The report highlighted the contributions of certain sectors towards India’s overall GDP growth. Government Consumption is expected to grow at 8.5% in nominal terms and 4.1% in real terms, providing some boost to the economy.
ii.The report raised concern over the deceleration in key industrial segments. Industry segment is estimated to grow at 6.2%, decrease from 9.5% registered in FY24.
- The services sector is expected to increase marginally to 7.2% in FY25, from 7.6% in FY24.
- Agriculture and allied sectors are expected to register significant growth of 3.8% in FY25 compared to 1.4% registered in FY24.
iii.SBI’ s report highlighted that Private Consumption has emerged as an important driver of economic growth, with an estimated real growth rate of 7.3% in FY25, an increase from 4.0% in FY24.
- This growth is mainly attributed to strong agricultural growth and lower food inflation.
- The report showed that the per capita Private Final Consumption Expenditure (PFCE) registered a growth of 6.3% higher than the per capita GDP growth of 5.3%.
iv.Despite slowdown in real GDP and stagnant nominal GDP, per capita nominal GDP is projected to be approximately Rs 35,000 in FY25 higher than in FY23.
- However, nominal GDP growth is anticipated to remain stagnant, growing by 9.7% in FY25 compared to 9.6% in FY24.
- The Gross Value Added (GVA) growth is also pegged at 6.4%.
v.The report showed that as of December 31, 2024, All Scheduled Commercial Banks(ASCBs) incremental credit slowed to Rs 11.5 lakh crore, Year to Date (YTD) 7.0%, compared to growth of Rs 21.0 lakh crore (YTD 15.4%) in FY24.
CIL and IREL Partner for Critical Minerals Developments
On January 7 2025, Kolkata (West Bengal) based Coal India Limited (CIL) under the Ministry of Coal(MoC), signed a non-binding Memorandum of Understanding (MoU) with Mumbai (Maharashtra) based Indian Rare Earths Limited (IREL), a Public Sector Undertaking(PSU) under the Department of Atomic Energy (DAE) to collaborate on the development of critical minerals.
- The partnership aims to boost India’s ability to mine, extract, refine, and source critical minerals like mineral sands and Rare Earth Elements (REE), essential for electronics, Renewable Energy(RE), and defense industries.
- This collaboration is a key component of CIL’s initiative to lessen India’s reliance on essential minerals such as lithium and cobalt imports.
i.Under this partnership, the two companies will work together to acquire assets, source raw materials domestically or internationally, and develop mining, extraction, and refining capabilities.
ii.In the Union Budget 2024-25, the Government of India (GoI) announced the Critical Mineral Mission to boost domestic production, recycling, and asset acquisition.
Note: India, one of the few countries producing rare earth elements, relies on IREL to achieve self-sufficiency in mining, processing, and refining, while China remains the dominant player in critical minerals.
Tata Elxsi Partners With CSIR-NAL for AAM Solutions
On January 8, 2025, Tata Elxsi Limited, Bengaluru (Karnataka)-based global design and technology services provider, signed a Memorandum of Understanding (MoU) with the Council of Scientific & Industrial Research–National Aerospace Laboratories (CSIR-NAL) to innovate in Advanced Air Mobility (AAM).
- The collaboration aimed to develop cutting-edge technologies for Unmanned Aerial Vehicles (UAVs), Urban Air Mobility (UAM) and electric vertical take-off and landing (eVTOL) aircraft.
- It focuses on technologies such as aerodynamic design, autonomous systems and secure communications to address the unique needs of both manned and unmanned AAM.
The partnership combines NAL’s extensive aeronautical research expertise with Tata Elxsi’s advanced capabilities in electrification, Artificial intelligence (AI), Machine Learning (ML), sensor fusion and certification processes.
ACQUISITIONS & MERGERS
CCI approvals on January 7th 2025
On January 7 2025, the Competition Commission of India (CCI) has approved the following proposals:
i.Tata Electronics Private Limited (TEPL), a wholly-owned subsidiary of Tata Sons, to acquire a majority stake in Apple’s contract manufacturer Pegatron Technology India Private Limited (Pegatron India).
ii.Gentari Renewables India Management Private Limited to acquire 21 Special Purpose Vehicles (SPVs) owning renewable power generation plants, alongside the holding companies of certain SPVs to boost Gentari’s renewable energy portfolio and sustainable energy goals .
iii.The United States of America (USA)-based global investment firm CA Carob Investments to acquire up to 68.9% stake in Roop Automotives Limited (RAL), a key player in India’s automotive components industry.
About Competition Commission of India (CCI):
It is a statutory body constituted under Competition Act, 2002.
Chairman- Ravneet Kaur
Headquarters- New Delhi, Delhi
Established- 2003
>> Read Full News
SPORTS
Australia beats India 3-1 to win Border-Gavaskar Trophy after 10 years
Australia beats India 3-1 in 5 match test series to win Border-Gavaskar Trophy after 10 years and final test of the Series was held on 5th January 2025 at the Sydney Cricket Ground in Sydney, Australia.
- The Border Gavaskar Trophy 2024-25 was scheduled from 22nd November 2024 to 7th January 2025 in Australia.
- This marks the first time Australia had won the series over India in the last 10 years since they won at home in 2014-15.
- India has won four consecutive series (2016-17, 2018-19,2020-21 and 2022-23) including two in Australia.
Key Highlights:
i.India won the 1st match series at Perth by 295 runs but Australia won the 2nd one in Adelaide, by 10 wickets.
- The 3rd match ended in draw in Brisbane but Australia won the 4th test in Melbourne by 184 runs and then the final test in Sydney.
ii.India off-spinner Ravichandran Ashwinhad announced his retirement from international cricket in which he secured a total of 765 wickets for India across the formats.
iii.Virat Kohli scored his 7th test century in the Perth Test surpassing Sachin Tendulkar’s tally of 6 Test centuries in Australia.
>> Read Full News
IMPORTANT DAYS
Earth’s Rotation Day 2025 – January 8
Earth’s Rotation Day is observed globally on January 8 to highlight the importance of Earth’s rotational motion. It commemorates the anniversary of French physicist Léon Foucault‘s scientific demonstration in 1851.
- January 8 2025 marks the observance of the 174th anniversary of Léon Foucault’s demonstration.
- The day honors his 1st public display of Earth’s rotation in Paris (France), emphasizing its scientific significance.
Basics of Earth’s Rotation:
i. The spinning of the Earth around its axis is called ‘rotation.’ Earth completes a full rotation on its axis every 23 hours and 56 minutes, rounded up to 24 hours.
ii.The full rotation is known as one Earth Day and is responsible for day and night cycles.
iii.Earth rotates on its axis from West (W) to East (E), the Sun and the Moon appear to move from E to W across the sky.
History:
i.In 470 Before Christ (BC), the Greeks claimed that the earth rotated on its own back.
ii.In the 16th century, Polish astronomer Nicolaus Copernicus proposed the heliocentric model, suggesting Earth rotated on its axis and revolved around the Sun.
- This theory was confirmed by Galileo Galilei’s observations of Jupiter’s moon in 1610.
iii.In 1851, French physicist Léon Foucault provided conclusive proof of Earth’s rotation with the Foucault Pendulum experiment.
- The principle of the experiment was 1st demonstrated in the Pantheon in Paris.
iv.The experiment involved suspending a 28 kilogram (kg) brass bob, 38 centimeters (cm) in diameter (d), hanging on a 67 meter (m) (220 foot) long wire.
v.It was the 1st satisfactory demonstration of the earth’s rotation using laboratory apparatus rather than astronomical observations.
Note: Later, it was displayed at the Pantheon in Greece, (Rome, Italy).
Key Facts :
i.Earth rotates on its axis on an imaginary line passing through the North(N) and South (S) Poles, at a speed of 1,670 kilometer per hour(km/h) (1,037 miles/h) at the equator.
ii.The Earth’s diameter is 12,714 km (7,900 miles) from N towards S Poles and 12,756 km (12,756 miles) via the equator (7,926 miles).
STATE NEWS
Karnataka CM Siddaramaiah Launched KSRTC Arogya Scheme for Cashless Medical Services
In January 2025, Chief Minister (CM) of Karnataka Siddaramaiah launched the health insurance scheme ‘Karnataka State Road Transport Corporation (KSRTC) Arogya’, to provide cashless medical treatment to KSRTC employees and their families at the Vidhana Soudha in Bengaluru, Karnataka.
- The scheme will benefit around 1.5 lakh people, including 34,000 employees and their dependents in over 275 hospitals.
Key benefits:
i.The Karnataka state government has set up a total budget of Rs 20 crores for ‘KSRTC Arogya’ every year and will increase it by 5 per cent annually.
ii.KSRTC will deduct Rs 650 per month from the salary of each beneficiary for the scheme, and this amount will increase by Rs.50 every year.
iii.There is no limit on inpatient treatment expenses under the scheme and will also cover treatments like eye care, dental, Ayurvedic, Prakriti, Unani, and Homoeopathy.
iv.The beneficiary must be a permanent resident of Karnataka and an employee of KSRTC. Selected employees will receive medical treatment coverage of up to Rs. 5 lakh under the KSRTC Arogya Scheme.
v.It will be extended to Bangalore Metropolitan Transport Corporation (BMTC), North Western Karnataka Road Transport Corporation (NWKRTC), and Kalyana Karnataka Road Transport Corporation (KKRTC) within three months.
vi.KSRTC has signed Memorandums of Understanding (MOUs) with 275 hospitals and four diagnostic centers to offer cashless Inpatient (IP) and Outpatient Department (OPD) treatments.
- S R Srinivasa unveiled the internal magazine, ‘Saarige Sampada’ and the KSRTC Arogya Manual.
Note: Samparka Sarige is a non-AC bus service with a white-pink colour scheme. It operates as a shuttle service between Kempegowda Bus Station and Mysuru Road Bus Station in Bengaluru.
About Karnataka State Road Transport Corporation (KSRTC):
KSRTC is formerly known as Mysore Government Road Transport Department (MGRTD) from 1948 to 1961 and Mysore State Road Transport Corporation (MSRTC) from 1961 to 1973. On 1 November 1973, it was renamed as the KSRTC.
Headquarters – Bengaluru, Karnataka
Chairman – S.R. Srinivasa
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