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Daily Current Affairs 26th May 2025 Daily GK Update
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National News
PM Modi Chairs 10th NITI Aayog Governing Council Meeting
- Prime Minister Narendra Modi chaired the 10th Governing Council Meeting of NITI Aayog at Bharat Mandapam, New Delhi, with the theme “Viksit Rajya for Viksit Bharat @2047”, attended by CMs and LGs from 24 States and 7 UTs.
- PM Modi highlighted India’s rapid economic growth, rise among the top 5 global economies, and the escape of 25 crore people from poverty, urging States to focus on manufacturing, tourism, skilling, women’s empowerment, urbanisation, and river interlinking to accelerate development.
- He emphasised cooperative federalism, the importance of modern skilling, green energy, cyber security, and creating globally competitive tourist destinations while applauding initiatives like Operation Sindoor, Aspirational Districts Programme, and Viksit Krishi Sankalp Abhiyan.
Bihar showcases agri-food strength at International Buyer-Seller Meet 2025 in Patna
- Bihar took centre stage in India’s agri-food export push as the International Buyer-Seller Meet (IBSM) 2025 commenced in
- Organized by the Ministry of Food Processing Industries (MoFPI) in collaboration with APEDA, TPCI, and the Government of Bihar, the two-day event aims to boost food exports, facilitate global trade linkages, and unlock the state’s rich agricultural potential.
- With participation from 70 international buyers representing 20 countries, including six global retail chains, along with 50 domestic and 20 institutional buyers, the meet is expected to generate strong procurement momentum through 400+ curated B2B meetings.
Assam Introduces ‘Ankita’: India’s First AI News Anchor in Regional Language
- Assam CM Himanta Biswa Sarma has launched Ankita, the country’s first AI-powered virtual news anchor delivering Cabinet updates in Assamese.
- ‘Ankita’ aims to enhance e-governance, ensure consistent communication in the regional language, and boost transparency by presenting Cabinet meeting highlights via the CM’s official social media platforms.
- The initiative has been praised for its technological innovation in governance. However, it has also raised concerns about potential job losses and the lack of human empathy in AI presentations.
About Assam
- Formation – 26 January 1950
- Capital – Dispur
- Chief Minister –Himanta Biswa Sarma
- Governor – Lakshman Prasad Acharya
Govt Plans to Integrate Mission LiFE into National Climate Action Plan to Boost Sustainable Lifestyles
- The government is considering integrating Mission LiFE (Lifestyle for Environment) into the National Action Plan on Climate Change (NAPCC) to promote sustainable individual and corporate behavior.
- This inclusion would help quantify environmental needs of citizens and businesses while raising public awareness on sustainable lifestyles, aligning with India’s broader climate goals.
- Proposed by PM Modi at COP26 and officially launched in October 2022, Mission LiFE emphasizes “pro-planet” actions at the individual level to combat climate change globally.
International News
Saudi Arabia Launches TOURISE Platform to Forge Global Public-Private Partnership and Shape Future of Tourism
- Saudi Arabia launched TOURISE, a global platform aimed at creating a strong partnership between public and private sectors to shape the future of tourism over the next 50 years, announced by Minister of Tourism Ahmed Al-Khateeb.
- The platform, designed for year-round collaboration and anchored by a high-profile global advisory board, will hold its inaugural TOURISE Summit in Riyadh from November 11 to 13, featuring the TOURISE Awards.
- TOURISE seeks to combine innovation and experience, capital and creativity, to deliver practical and lasting solutions, with support from global tourism leaders including the World Travel and Tourism Council (WTTC).
About Saudi Arabia
- Capital- Riyadh
- Currency- Saudi riyal
- Prime minister- Mohammed bin Salman Al Saud
Banking and Financial
RBI Fines Union Bank ₹63.6 Lakh, Lendbox ₹40 Lakh for Regulatory Violations
- The Reserve Bank of India (RBI) imposed fines on Union Bank of India and Transactree Technologies Pvt Ltd for violating regulatory norms.
- Union Bank was fined ₹60 lakh for not transferring eligible funds to the Depositor Education and Awareness Fund and for collecting collateral on small agricultural loans, against RBI guidelines.
- Transactree Technologies Pvt Ltd was fined ₹40 lakh for non-compliance with P2P lending rules, including improper fund routing and lack of transparency with borrowers; RBI clarified these penalties relate only to regulatory lapses, not the validity of customer agreements.
RBI Forms New Payments Regulatory Board with Government Nominees, Replaces BPSS
- The Reserve Bank of India (RBI) has notified the formation of a six-member Payments Regulatory Board (PRB), replacing the earlier five-member Board for Regulation and Supervision of Payment and Settlement Systems (BPSS); the new board includes three central government nominees for the first time.
- The PRB will be headed by the RBI Governor and will also include the Deputy Governor in charge of payment systems, one RBI-nominated official, and the three government-nominated members, all functioning as ex officio members.
- As per the ‘Payments Regulatory Board Regulations, 2025’, the PRB will meet at least twice a year and may also invite experts from fields like IT, law, and payment systems, with the Principal Legal Adviser of RBI as a permanent invitee.
- The move comes after prolonged debate over the control of payment system regulation, with the RBI earlier objecting to the idea of an external regulator, insisting that the PRB should remain within RBI and be headed by the Governor, maintaining RBI’s autonomy.
ZikZuk Gets RBI Nod to Launch Prepaid Wallets and Cards
- ZikZuk Receives In-Principle Approval from RBI for Issuance of Prepaid Payment Instruments (PPIs).
- ZikZuk, a Hyderabad-based fintech startup, has received in-principle authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI), marking its entry into India’s competitive digital payments ecosystem.
- With this approval, ZikZuk can now offer prepaid wallets and cards, enabling users to perform a variety of cashless transactions, including bill payments, online shopping, and in-store purchases, as well as UPI payments via third-party apps like Google Pay and Cred.
EnKash Launches India’s First Payment Gateway Tailored for 63 Million+ SMBs and Startups
- EnKash, India’s leading spend management platform, has launched the EnKash Payment Gateway, a first-of-its-kind solution tailored specifically for India’s 63 million+ small and medium-sized businesses (SMBs) and startups, aiming to bridge the gap left by traditional enterprise-focused payment systems.
- The gateway provides a fast, flexible, and future-ready payment infrastructure, with features like low-code/no-code SDKs and APIs, automated reconciliation, real-time monitoring, smart routing, and zero-cost lifetime support, ensuring a seamless and scalable experience for underserved merchants across diverse sectors.
Appointment
Ram Mohan M K Appointed as Director of MPEDA
- Ram Mohan M K has been appointed as the new Director of the Marine Products Export Development Authority (MPEDA), with over 20 years of experience in the organization.
- He holds a PhD from ICAR–CIFE, Mumbai, and is an alumnus of CMFRI’s postgraduate mariculture program affiliated with Cochin University of Science and Technology.
About Marine Products Export Development Authority (MPEDA)
- It is a statutory body established in 1972 under the Ministry of Commerce and Industry, Government of India to promote and regulate the export of marine products.
- It is headquartered in Kochi.
Sports
Neeraj Chopra clinches silver medal at Janusz Kusociński Memorial meet
- Star Indian javelin thrower Neeraj Chopra has clinched the silver medal at the 2025 Janusz Kusociński Memorial meet in Chorzów, Poland.
- The two-time Olympic medallist recorded a throw of 84.14 metres in challenging conditions on his sixth and final attempt. This marked his 22nd consecutive top-two finish since 2021.
- Germany’s Julian Weber won the Gold with a throw of 86.12 metres, while Anderson Peters of Grenada secured third place with a throw of 83.24 metres.
- Chopra’s next appearance will be at the Ostrava Golden Spike meeting in the Czech Republic on June 24.
Important day
26 May – International Day of the Markhor
- International Day of the Markhor is observed every year on 24th May to raise awareness about the conservation of the Markhor, the national animal of Pakistan and one of the world’s rarest wild goat species.
- The Markhor is found in the mountainous regions of Central and South Asia, including Pakistan, Afghanistan, India, and Tajikistan, and is listed as Near Threatened on the IUCN Red List.
- The UN General Assembly proclaimed 24 May the International Day of the Markhor, A/RES/78/278, and we celebrated it for the first time in 2024.
26 May 2025 – National Memorial Day
- National Memorial Day in many countries, including the US, is observed on the last Monday of May each year to honour and remember military personnel who have died in service to their country. This year was celebrated on 26 May.
- It is a solemn day marked by ceremonies, parades, and moments of silence, reflecting on the sacrifices made by soldiers for national freedom and peace.
- The day also serves as a reminder to cherish the values of patriotism and to pay tribute to fallen heroes through various memorial events and activities.
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