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Daily Current Affairs 10th March 2025 Daily GK Update
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National News
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 creation
- This 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.
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. With a budget outlay of ₹25,938 crore over five years, the scheme is targeted towards reducing dependency on imports and positioning the country as a key player in the global EV supply chain.
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.
- The Swavalambini initiative was initially launched in the Higher Educational Institutions of the Eastern region of the country. It was successfully launched at IIT Bhubaneswar and Utkal University in Odisha; North-Eastern Hill University (NEHU), Shillong; Kiang Nangbah Government College, Jowai; and Ri Bhoi College in Meghalaya, etc. It is being gradually expanded to other parts of the country.
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.
Banking and Financial
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.
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.
Recent Facilities Launched in Banking & Insurance Sector
- PhonePe launched the ‘insuring HEROES’ campaign on the occasion of International Women’s Day.
- HDFC Bank launches Project HAKK (Hawai Anubhavi Kalyan Kendra) to support IAF veterans
- ICICI Prudential Life Insurance launches ‘Pru GIFT Select’ for guaranteed income
- Poonawalla Fincorp Limited launched a new fully digital personal loan product called “PL Prime Digital 24×7” targeting salaried professionals.
Appointment
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.
About Hindustan Petroleum Corporation Limited (HPCL)
- Founded – 1974
- Headquarters – Mumbai, Maharashtra
- Chairman and Managing Director – Vikas Kaushal
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.
IndusInd Bank
- Founded – 1994
- Founder – S.P. Hinduja
- Headquarters – Mumbai, Maharashtra,
- MD & CEO – Sumant Kathpalia
- Tagline – We Make You Feel Richer
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.
About Federal Bank
- Founded- 23 April 1931
- Founder- K.P Hormis
- Headquarters – Kochi, Kerala.
- MD & CEO- – KVS Manian (replace Shyam Srinivasan)
Awards
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.
Recent Award
- Honorary Order of Freedom of Barbados – PM Narendra Modi.
- Lifetime Achievement in Hospitality and Education Through Technology Award – Suborno Bose (Chairman of International Institute of Hotel Management)
- Pritzker Architecture Prize 2025 – Chinese architect and educator Liu Jiakun
- Laureus World Sports Award 2025 (in comeback of the year category) – Rishabh Pant
- Icon of Excellence award at Forbes India Leadership Awards 2025 -ICC Chairman Jay Shah
Sports
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.
Recently Retired Players
- Steve Smith (Australia) – One Day Internationals Cricket
- Sharath Kamal – Table Tennis
- Martin Guptill (New Zealand) – International cricket
- Rishi Dhawan (India) – Cricket
- Moeen Ali (England) – International Cricket
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.
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.
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.
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.
2025 ICC Champions Trophy
- Dates- February 19 – March 9, 2025
- Host Country- Pakistan and UAE
- Winner- India (Won by 4 wickets in the final)
- Runner-up- New Zealand
- Player of the Series- Rachin Ravindra (New Zealand)
- Most Runs- Rachin Ravindra; New Zealand (263 runs)
- Most Wickets- Matt Henry; New Zealand (10 wickets)
- Winner’s Prize- $2.365 million USD
- Match Venues- Karachi, Lahore, Rawalpindi
- India’s Matches- Played in Dubai
- Final Venue- Dubai International Cricket Stadium
- Final – Player of the Match- Rohit Sharma (76 runs)
- Interesting Fact – In the 2024 T20 World Cup final, Virat Kohli scored 76 runs and won Player of the Match, and in the 2025 ICC Champions Trophy final, Rohit Sharma also scored 76 runs to claim this honor!
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