Daily Current Affairs: 6 February 2025

Current affairs of 6 February 2025: Trump’s Gaza Takeover Plan: Key Points and Reactions; India-US Mini Trade Deal Talks Before Modi’s Visit; Iran Nuclear Deal: Trump Seeks New Talks, and 11 more topics. Key facts for every exam, with a quiz.

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In this issue: 14 topics

National Affairs

UGC Draft Regulations 2025: Vice Chancellor Rules and States

Banking & Finance

NPCI CEO Seeks Strong Legal Framework Against Cyber Frauds
RBI MPC February 2025 Preview: Rupee, Growth and Rate-Cut Pressure
RBI Lending Limits: Loan Caps and Exposure Norms
Co-lending Model: GST Exemption Plea Rejected
IBC 2016: Insolvency Code Flaws Exposed by Jet Airways Case

Economy

Rupee Falls to 87.49 Per Dollar: Causes and Effects
Income Tax Cut as a Consumption Booster: Policy Shift

International Affairs

Trump’s Gaza Takeover Plan: Key Points and Reactions
India-US Mini Trade Deal Talks Before Modi’s Visit
Iran Nuclear Deal: Trump Seeks New Talks
UNHRC Exit by the US: Council Structure and Key Facts

Environment & Ecology

Sacred Groves: Supreme Court Order on Rajasthan Forests

Defence & Security

I4C: India’s Cybercrime Coordination Centre Explained

National Affairs

Polity & Governance

1. UGC Draft Regulations 2025: Vice Chancellor Rules and States

Six state higher-education ministers passed a joint resolution against the draft UGC regulations and grading system.
The draft would let industry, public administration or policy professionals with similar experience become vice chancellors.
The UGC was constituted in 1956; critics say its Act gives no power over vice chancellor appointments.
Education is on the Concurrent List, and UGC regulations cannot override State laws unless clearly repugnant to a Central Act.

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Banking & Finance

2. NPCI CEO Seeks Strong Legal Framework Against Cyber Frauds

NPCI CEO Dilip Asbe urged a strong legal framework and proper penalties for financial cyber fraud.
In FY25, 632,000 UPI fraud incidents caused losses of ₹485 crore by September.
In FY24, 1.34 million fraud cases led to losses of ₹1,087 crore.
Over 450 million people use UPI for retail payments.

Full notes and 3 MCQs ›

Economy

3. RBI MPC February 2025 Preview: Rupee, Growth and Rate-Cut Pressure

The rupee slipped from ₹85 per USD in December 2024 to ₹87 by February 2025 on a stronger dollar.
GDP growth for 2024-25 was downgraded to 6.4%.
Inflation stayed above 5% for five months before easing towards the RBI's 4% target in January 2025.

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Banking & Finance

4. RBI Lending Limits: Loan Caps and Exposure Norms

NBFCs can pay out cash loans of only up to Rs 20,000.
A single borrower's exposure is capped at 15% of capital funds, extendable by 5 points for infrastructure.
Loans against shares need a Loan to Value ratio of 50%.

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Economy

5. Co-lending Model: GST Exemption Plea Rejected

The Department of Revenue refused to exempt 18% GST on bank-NBFC co-lending, as recommended by an SBI-led panel.
NBFCs keep at least 20% of each loan under the co-lending model.
RBI introduced co-lending for MSMEs in 2020.

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Polity & Governance

6. IBC 2016: Insolvency Code Flaws Exposed by Jet Airways Case

The IBC, 2016 is a single law for insolvency and bankruptcy, called India's exit law.
It created the Insolvency and Bankruptcy Board of India (IBBI) and the committee of creditors.
The Supreme Court's Jet Airways judgment highlighted structural issues, including tribunal overload and lack of domain expertise.

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Economy

7. Rupee Falls to 87.49 Per Dollar: Causes and Effects

The rupee touched a fresh intraday low of 87.49 per US dollar on rate cut expectations.
FIIs withdrew $11 billion from Indian markets since October 2024.
India's trade deficit rose 18% from FY24 to $188 billion.
RBI sold $3.3 billion of forex reserves over seven weeks to curb volatility.

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Economy

8. Income Tax Cut as a Consumption Booster: Policy Shift

The proposed income tax cut is about ₹1 trillion, roughly 0.3% of GDP, aimed at 47 million urban taxpayers.
Fiscal deficit is projected to fall to 4.4% of GDP in FY26, while public debt stays at 84.3%.
Some analysts urge aggressive divestment to lower public debt to about 70% of GDP.

Full notes and 3 MCQs ›

International Affairs

International Relations

9. Trump’s Gaza Takeover Plan: Key Points and Reactions

Donald Trump announced a plan for the US to take over the Gaza Strip after Palestinians are resettled.
He asked Jordan, Egypt and other Arab states to take in displaced Gazans.
It departs from long-standing US support for a two-state solution.

Full notes and 3 MCQs ›

Economy

10. India-US Mini Trade Deal Talks Before Modi’s Visit

India is open to a mini trade deal if the US is willing.
PM Modi's Washington visit was set for February 12, 2025.
It would be the first Trump-Modi meeting since January 2020.

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International Relations

11. Iran Nuclear Deal: Trump Seeks New Talks

Trump agreed to start work on a new nuclear deal so Iran can 'peacefully grow and prosper'.
He signed a directive restoring tougher sanctions, including a first-term policy of leaving the 2015 deal.
Iran denies using its civilian nuclear programme as cover for weapons.

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International Relations

12. UNHRC Exit by the US: Council Structure and Key Facts

An executive order pulled the US out of the UN Human Rights Council and barred funding for the agency for Palestinian refugees.
The US was also told to review its role in UNESCO.
UNHRC has 47 members elected for three-year terms; no country may serve more than two consecutive terms.

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Environment & Ecology

Polity & Governance

13. Sacred Groves: Supreme Court Order on Rajasthan Forests

On 18 December 2024 the Supreme Court told Rajasthan to classify all sacred groves as forests and notify them as community reserves.
Rajasthan has about six lakh hectares of sacred groves across 25,000 sites.
Under the Forest Rights Act 2006, sacred groves fall under Community Forest Resources managed by gram sabhas.
India is said to hold 1-10 lakh sacred groves, the most in the world.

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Defence & Security

Science & Technology

14. I4C: India’s Cybercrime Coordination Centre Explained

I4C is the national coordination body against cybercrime, created by the Home Ministry in 2020.
Indians may lose ₹1.2 lakh crore (about 0.7% of GDP) to cyber fraud in 2025.
I4C flags about 4,000 mule bank accounts every day.
India scored 98.49/100 in Global Cybersecurity Index 2024, placed in Tier 1.
India has 658 million internet users, the second largest base globally.

Full notes and 3 MCQs ›

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Daily Current Affairs: 6 February 2025

In this issue: 14 topics

National Affairs

1. UGC Draft Regulations 2025: Vice Chancellor Rules and States

Banking & Finance

2. NPCI CEO Seeks Strong Legal Framework Against Cyber Frauds

3. RBI MPC February 2025 Preview: Rupee, Growth and Rate-Cut Pressure

4. RBI Lending Limits: Loan Caps and Exposure Norms

5. Co-lending Model: GST Exemption Plea Rejected

6. IBC 2016: Insolvency Code Flaws Exposed by Jet Airways Case

Economy

7. Rupee Falls to 87.49 Per Dollar: Causes and Effects

8. Income Tax Cut as a Consumption Booster: Policy Shift

International Affairs

9. Trump’s Gaza Takeover Plan: Key Points and Reactions

10. India-US Mini Trade Deal Talks Before Modi’s Visit

11. Iran Nuclear Deal: Trump Seeks New Talks

12. UNHRC Exit by the US: Council Structure and Key Facts

Environment & Ecology

13. Sacred Groves: Supreme Court Order on Rajasthan Forests

Defence & Security

14. I4C: India’s Cybercrime Coordination Centre Explained

Test yourself