Current Affairs Today 9th, 10th and 11th April 2025 Daily GK Update

Daily Current Affairs 9th, 10th and 11th April 2025 Daily GK Update

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 National News

Union Minister Sarbananda Sonowal Launches Digital Portal for National Waterways

• Union Minister Sarbananda Sonowal has launched a dedicated digital portal developed by Inland Waterways Authority of India (IWAI) to streamline private investment in infrastructure development on National Waterways, promoting Ease of Doing Business (EODB).
• The National Waterways (Construction of Jetties/Terminals) Regulations, 2025 allows private entities to develop or operate terminals with a No Objection Certificate (NoC) from IWAI, covering both new and existing, permanent and temporary terminals.
• The first digital NoC was issued to Marina India Infrastructure Pvt. Ltd. for a jetty at Malim, Goa (National Waterway-68), marking a milestone in digital governance and private sector engagement.
• The initiative aims to unlock sustainable infrastructure growth, with cargo movement rising from 18 to 133 million tonnes in FY 2023–24, reinforcing the sector as a key driver of economic growth under the “Viksit Bharat” vision.

Shortlist Announced for ‘Make the World Wear Khadi’ Challenge Ahead of WAVES Summit 2025

• The first World Audio Visual & Entertainment Summit (WAVES) will be hosted by the Government of India in Mumbai, Maharashtra, from May 1 to 4, 2025.
• WAVES is set to magnify India’s creative strength, amplifying its position as a hub for content creation, intellectual property, and technological innovation.
• Industries and sectors in focus include Broadcasting, Print Media, Television, Radio, Films, Animation, Visual Effects, Gaming, Comics, Sound and Music, Advertising, Digital Media, Social Media Platforms, Generative AI, Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (XR).
• Shortlisted Candidates:
  • Iman Sengupta & Soham Ghosh – Havas Worldwide India
  • Kartik Sankar & Madhumita Basu – 22feet Tribal
  • Kajal Tirlotkar – Interactive Avenues
  • Tanmay Raul & Mandar Mahadik – DDB Mudra Group
  • Akash Mejari & Kajol Jeswani – DDB Mudra Group

Government of India Procures 100 Lakh Bales of Cotton Under MSP Operations

• The government has procured 100 lakh bales of cotton under MSP operations through its nodal agency. This procurement accounts for 38 percent of the total cotton arrivals of 263 lakh bales and 34 percent of the estimated total cotton production of 294.25 lakh bales in the country.
• Among the states, Telangana has recorded the highest procurement at 40 lakh bales, followed by Maharashtra with 30 lakh bales and Gujarat with 14 lakh bales.
• Other states with significant procurement include Karnataka, Madhya Pradesh, Andhra Pradesh, and Odisha. Procurement in Haryana, Rajasthan, and Punjab stands at 1.15 lakh bales.
• The Textiles Ministry said in a statement that in total, 37 thousand 450 crore rupees have been paid to approximately 21 lakh cotton farmers across all cotton-producing states.

4th Joint Working Group Meeting on Tourism Cooperation between India and Japan

• The 4th Joint Working Group (JWG) Meeting on Tourism Cooperation between India and Japan was held in New Delhi.
• The meeting was co-chaired by Mugdha Sinha, Director General, Ministry of Tourism, Government of India and Haraikawa Naoya, Commissioner, Japan Tourism Agency (JTA).
• The Co- Chairs of the two countries exchanged notes on the profile of the visitors and delved into the data insights of the tourists travelling between the two countries, including to Buddhist destinations, in order to undertake suitable policy interventions to make the destinations more attractive for the millennial tourists.

Pradhan Mantri Mudra Yojana (PMMY) — completes 10 glorious Years of empowering Small and Micro Entrepreneurs

• The Pradhan Mantri MUDRA Yojana (PMMY), launched on 8th April 2015 by PM Narendra Modi, celebrates 10 glorious years of empowering small and micro-entrepreneurs across India.
• Aimed at fostering financial inclusion, PMMY provides easy collateral-free loans up to ₹10 lakh for non-corporate and non-farm income-generating activities.
• To strengthen support for aspiring entrepreneurs, the finance minister announced an increase in the loan limit to ₹20 lakh during the Union Budget 2024-25 on July 23, 2024. This new limit took effect on October 24, 2024.These loans are extended through Banks, NBFCs, MFIs, and other financial institutions.
• The newly announced loan category, Tarun Plus, is designed specifically for those who have previously availed and successfully repaid loans under the Tarun category, allowing them to access funding between ₹10 lakh and ₹20 lakh. Additionally, the Credit Guarantee Fund for Micro Units (CGFMU) will now provide guarantee coverage for these enhanced loans, further reinforcing the government’s commitment to nurturing a robust entrepreneurial ecosystem in India.
• With over Rs.33.65 lakh crore sanctioned to more than 52 crore MUDRA loan accounts, the scheme has proved to be an important milestone in giving wings to the aspirations of crores of entrepreneurs, particularly those belonging to marginal sections of society.
• The implementation of financial inclusion programme in the country is based on three pillars, namely,

1. Banking the Unbanked
2. Securing the Unsecured and
3. Funding the Unfunded

Key Features of PMMY:

• MUDRA loans now will be offered in four categories namely, ‘Shishu’, ‘Kishor’, ‘Tarun’ and newly added category ‘Tarun Plus’ which signifies the stage of growth or development and funding needs of the borrowers: –
  • Shishu: covering loans upto Rs. 50,000/-
  • Kishor: covering loans above Rs. 50,000/- and up to Rs. 5 lakhs
  • Tarun: covering loans above Rs. 5 lakh and up to Rs. 10 lakhs
  • Tarun Plus: Rs. 10 lakh and up to Rs. 20 lakhs

Achievements under Pradhan Mantri Mudra Yojana (PMMY) as on 21.03.2025

• Women Borrowers: A total of ₹49 lakh crore was disbursed under the Shishu category, ₹ 4.90 lakh crore under Kishor, and ₹ 0.85 lakh crore under the Tarun category.
• Minority Borrowers: The disbursements amounted to ₹25 lakh crore under Shishu, ₹ 1.32 lakh crore under Kishor, and ₹ 0.50 lakh crore under Tarun.
• New Entrepreneurs / Accounts:
• Shishu category: 8.21 crore accounts with a sanctioned amount of ₹24 lakh crore and disbursed amount of ₹ 2.20 lakh crore.
• Kishor category: 2.05 crore accounts with ₹09 lakh crore sanctioned and ₹ 3.89 lakh crore disbursed.
• Tarun category: 45 lakh accounts with a sanctioned amount of ₹96 lakh crore and ₹ 3.83 lakh crore disbursed.

Poshan Pakhwada 2025: Promoting Nutrition Awareness and Empowerment

• The Ministry of Women and Child Development (MWCD) has launched the 7th edition of Poshan Pakhwada, being observed from April 8 to 22, as part of the government’s intensified efforts to tackle malnutrition.
• Running in collaboration with multiple ministries and state departments, this year’s campaign underscores four core themes—maternal and infant nutrition in the first 1,000 days of life, promotion of the Poshan Tracker app, community-based management of malnutrition (CMAM), and encouraging a healthy lifestyle to combat childhood obesity.
• States/ UTs will conduct extensive community-level activities to underline the critical role of safe drinking water and sanitation practices in preventing malnutrition and diseases.
• Department will also complement the efforts of WCD by promoting the campaign over social media platforms which is an integral part of the campaign, utilizing hashtags #DDWSJoinsPoshanPakhwada and #PoshanPakhwada to maximize outreach and impact.
• Through these collective efforts, including WASH (Water, Sanitation, and Hygiene) initiatives, the Jal Jeevan Mission, and the Swachh Bharat Mission-Grameen, Poshan Pakhwada aims to create enduring awareness and drive substantial behavioral change in rural communities, enabling improved health, sanitation, and nutrition for every child in India.

Cabinet approves Modernization of Command Area Development and Water Management as a sub-scheme of PMKSY

• The Union Cabinet approved a ₹1,600 crore sub-scheme under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for the 2025–26 period in a bid to strengthen micro-irrigation infrastructure.
• The decision will help deliver water from established sources directly to farm gates for fields up to 1 hectare.
• The sub-scheme — the Modernisation of Command Area Development and Water Management (M-CADWM) — will run on a pilot basis across 78 sites covering almost 80,000 farmers. This will use underground pressurised piped system to connect irrigation sources with farmland as a last-mile connectivity between water sources and farms.
• The scheme also aims to modernise the irrigation water-supply network, directing water from existing canals or other sources to designated clusters.

Tirupati-Katpadi railway line to be doubled at ₹1,332 crore

• The Cabinet Committee on Economic Affairs has approved the doubling of the Tirupati-Pakala-Katpadi railway line, spanning 104 km in Andhra Pradesh and Tamil Nadu, at a cost of approximately ₹1,332 crore.
• The project will “improve connectivity to the Tirumala Venkateswara Temple, as well to other prominent destinations such as Sri Kalahasti Shiva Temple, Kanipakam Vinayaka Temple and the Chandragiri Fort, attracting pilgrims and tourists from across the country”.
• The project covering three districts in the two States will enhance connectivity to approximately 400 villages and benefit about 14 lakh people.

International News

Indian Institute of Management-Ahmedabad to open campus in Dubai

• The Indian Institute of Management (IIM)-Ahmedabad and the Indian Institute of Foreign Trade (IIFT) will open their overseas campus in Dubai, the United Arab Emirates (UAE).
• The prestigious Indian Institute of Technology -Delhi already has a campus in Abu Dhabi, UAE.
• This was announced during the visit of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, to India.
• The IIMA Dubai Campus will be developed in two phases. Initially, the institute will operate out of the Dubai International Academic City (DIAC), a leading education hub in the region. The second phase will see the construction of a permanent campus, scheduled to be fully operational by 2029.

Banking and Financial

RBI cut repo rate for the second time by 0.25% bps to 6%

• The Reserve Bank of India (RBI) has cut its policy repo rate by 25 basis points (0.25%) to 6%. The RBI MPC reduces the SDF rate to 5.75% and the MSF rate to 6.25%.
• The Monetary Policy Committee (MPC) held its 54th meeting from April 7 to 9, 2025, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India.
• The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Rajiv Ranjan, and Shri M. Rajeshwar Rao attended the meeting.
• RBI also reduced the growth rate forecast for India’s real gross domestic product (GDP) for the 2025-26 financial year to 6.5 percent from the earlier forecast of 6.7 %.

RBI Current Policy Rate are as under – 

• Policy Repo Rate – 6%
• Standing Deposit Facility (SDF) – 5.75%
• Marginal Standing Facility (MSF) – 6.25%
• Bank Rate – 6.25%
• Reverse Repo Rate – 3.35%
• Cash Reserve Ratio (CRR) – 4%
• Statutory Liquidity Ratio (SLR) – 18%

RBI forecasts for the quarterly growth rate for the FY26

• Q1 (April to June 2025) – 6.5%
• Q2 (July to September 2025) – 6.7%
• Q3 (October to December 2025) – 6.6%
• Q4 (January to March 2026) – 6.3%

BOB launches Square Drive FD with 7.75% interest

• Bank of Baroda has introduced a new fixed deposit option called the ‘bob Square Drive Deposit Scheme’.
• The updated FD interest rates, including the new scheme, came into effect on April 7 and apply to deposits of less than Rs 3 crore. Meanwhile, the bank has also withdrawn its special Utsav Deposit Scheme.
• The ‘bob Square Drive Deposit Scheme’ offers a tenure of 444 days with an interest rate of 7.15 per cent per annum for the general public. Senior citizens will receive a higher interest rate of 7.65 per cent per annum, while super senior citizens (aged 80 years and above) will earn an even higher rate of 7.75 per cent per annum.

Govt Merges 26 RRBs Under ‘One State, One RRB’ Plan to Boost Efficiency

• The Department of Financial Services (DFS) has notified the amalgamation of 26 Regional Rural Banks (RRBs) under the “One State, One RRB” principle.
• This is the fourth phase of the RRB consolidation process. The Ministry of Finance rolled out the amalgamation plan in November last year, building on improvements in efficiency from previous phases.
• Following consultations with stakeholders, 26 RRBs across 10 states and one Union Territory have been merged, focusing on enhancing scale, efficiency, and cost rationalisation.
• Currently, 43 RRBs operate across 26 states and two Union Territories. Post-amalgamation, there will be 28 RRBs covering 700 districts with more than 22,000 branches. Around 92 percent of these branches are located in rural and semi-urban areas.
• This is fourth phase of amalgamation. In previous 3 phases viz. Phase-I (FY 2006 to FY 2010) number of RRBs were reduced from 196 to 82, Phase-2 (FY 2013 – FY 2015) number of RRBs were reduced from 82 to 56 and Phase-3 (FY 2019 to FY 2021) number of RRBs were reduced from 56 to 43.

PNB MetLife and Policybazaar Collaborate to Launch Pension Premier Multicap Fund

• PNB MetLife India Insurance Company Limited has partnered with Policybazaar to launch the PNB MetLife Pension Premier Multicap Fund under its Unit-Linked Insurance Plans (ULIPs).
• This new fund is designed to help customers build a robust retirement corpus while providing life insurance coverage, ensuring financial protection for families in unforeseen circumstances.
• The Pension Premier Multicap Fund is available with the PNB MetLife Smart Invest Pension Plan (UIN – 117L137V02), which combines wealth creation with life insurance. The fund is open for subscription from April 1 to April 15, 2025, at an initial Net Asset Value (NAV) of Rs. 10. After this period, it will be available at market value.

IEPFA and IPPB Sign MoA to Launch Phase 2 of “Niveshak Didi” to Boost Rural Women’s Financial Literacy

• The Investor Education and Protection Fund Authority (IEPFA), under the aegis of the Ministry of Corporate Affairs, and India Post Payments Bank (IPPB), operating under the Department of Posts, have signed a Memorandum of Agreement (MoA) to jointly launch Phase 2 of the “Niveshak Didi” initiative.
• This strategic collaboration aims to scale financial literacy among women in rural, semi-urban, and underserved areas through grassroots mobilization and community-driven education.
• “Niveshak Didi” is a unique initiative that trains women postal workers and community leaders to act as financial educators within their local regions.
• During Phase 1, more than 55,000 beneficiaries participated in IPPB Financial Literacy Camps across India, with approx. 60% female beneficiaries mostly in the youth & economically active age group. Every 2 out of 3 such beneficiaries belonged to deep rural locations ensuring maximum penetration at the grassroots levels.

ADB revises India’s FY26 growth forecast to 6.7% amid US tariff risks

• India’s gross domestic product (GDP) is likely to expand at 6.7 per cent during the current fiscal year spurred by higher domestic demand, rising rural incomes and moderating inflation, according to ADB.
• Favourable monetary and fiscal policies are expected to sustain the growth momentum, with GDP projected to increase by 6.8 per cent in FY26 (2026-27).
• Meanwhile, the Reserve Bank of India (RBI) lowered its GDP forecast to 6.5 per cent from 6.7 per cent estimated earlier for the current financial year on account of impact of global trade and policy uncertainties.

RBI launches verified WhatsApp channel to spread financial awareness

• The Reserve Bank of India (RBI) has launched a WhatsApp channel that will provide financial information and updates to people, especially those in remote and underserved regions of the country.
• The channel marks an expansion of the regulator’s public awareness campaign titled ‘RBI Kehta Hai’ (RBI Says), which has been actively disseminating key messages about safe banking practices, consumer rights, and responsible financial behavior through multiple channels, including SMS, TV ads, digital media, and print.
• The verified WhatsApp account will serve as an additional channel through which the RBI can share timely and relevant information directly with users in a simple, secure, and convenient manner.
• The WhatsApp channel will deliver messages related to safe digital transactions, fraud prevention, banking rights, and policy updates. It is also expected to be a useful tool in debunking financial myths and misinformation that often circulate on social media, helping consumers make informed decision.

Appointment

Satish Chavva appointed CEO of Oman India Joint Investment Fund

• The Board of Oman India Joint Investment Fund—Management Company, a private equity fund manager promoted by the Oman Investment Authority and the State Bank of India, has appointed Satish Chavva as its Chief Executive Officer.
• Chavva joins from British International Investment, the UK’s development finance institution, where he held various roles, including heading Direct Private Equity for South Asia.
• Chavva has a deep association with OIJIF, having previously served as Director of Investments at OIJIF between 2016 and 2022. Prior to that, he was with Citi Group in India and the UK, including in its private equity arm, Citi Venture Capital International for over 9 years.

Sports 

Virat Kohli Becomes First Indian To Score 13,000 Runs In T20 Cricket

• Virat Kohli became the first Indian to complete 13,000 runs in T20 cricket history. He achieved the historic milestone during the clash between Royal Challengers Bengaluru (RCB) and Mumbai Indians (MI) at the iconic Wankhede Stadium.
• Virat Kohli became the first Indian and only fifth overall cricketer to score 13,000 runs in T20 cricket.
• Virat Kohli became the first Indian and only fifth overall cricketer to score 13,000 runs in T20 cricket. He achieved it with the 17th run he scored during his innings against MI.
• The list is led by West Indies legend Chris Gayle with 14562 runs, followed by England batter Alex Hales (13,610), former Pakistan skipper Shoaib Malik (13557) and Keiron Pollard (13537).

Important day

10 April – World Homoeopathy Day

• World Homoeopathy Day is observed every year on April 10 to commemorate the birth anniversary of Dr. Samuel Hahnemann (Germany), the founder of homoeopathy, born in 1755, honoring his contributions to alternative medicine.
• Theme 2025 – Adhyayan, Adhyaapan, Anusandhaan” (Education, Practice, and Research)

What Is Homeopathy?

• Homeopathy is an alternative medical practice based on the principle of “like cures like.” It suggests that substances causing symptoms in healthy individuals can, in minute doses, treat similar symptoms in those who are unwell.
• Though its roots trace back to ancient Greek medicine, it was in the 19th century that homoeopathy gained widespread recognition across Europe and North America.
• In India, World Homeopathy Day is observed under the Ministry of AYUSH, Government of India, to promote awareness and research in the field.

11 April – National Safe Motherhood Day

• National Safe Motherhood Day is observed on April 11 every year.
• The day spreads awareness related to a woman’s safety during pregnancy. India is the largest country in terms of population in the world but the country still lacks good health infrastructure.
• Theme 2025 – Healthy Beginnings, Hopeful Futures
• In 1991, the White Ribbon Alliance India, a non-governmental organization, raised awareness about the importance of good maternal health. In 2003, the central government designated National Safe Motherhood Day to be observed on the 90th birth anniversary of Kasturba Gandhi.
• This day is dedicated to Kasturba Gandhi, who was deeply committed to the welfare of women and children.

Obituary

Padma Shri Ram Sahay Pandey passes away

• Padma Shri Ram Sahay Pandey, a legendary figure in Rai folk dance, passed away at 92.
• Pandey fought against societal stigma, especially since Rai is linked to the marginalized Bedia community, once targeted by the Criminal Tribes Act.
• He was awarded the Padma Shri in 2022 for his work in preserving and promoting Rai dance. He also received the title ‘Nritya Shiromani’ and was appointed to the Tribal Folk Art Council by the Madhya Pradesh government.

 

 

 

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