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Daily Current Affairs: 12 March 2025

Current affairs of 12 March 2025: US-Canada Trade War: Trump’s Steel and Aluminium Tariffs; COP30 in Belem: Brazil’s Climate Finance and Action Plan; WHO Compassion and Primary Health Care Report Explained, and 18 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)March 2025
21 TOPICSDaily CurrentAffairs12 March 2025In focus: US-Canada Trade War: Trump’s Steel and…safalsetu.com

In this issue: 21 topics

National Affairs

  1. Immigration and Foreigners Bill: Four Laws Merged

Government Schemes

  1. PM Surya Ghar Muft Bijli Yojana: Rooftop Solar Subsidy

Banking & Finance

  1. Alternative Investment Funds (AIFs): Types, Rules, Investors
  2. IndusInd Bank Shares Crash 27% on Derivative Accounting Gap
  3. Unified Lending Interface (ULI): RBIH Platform Explained
  4. Bond Forwards for Insurers: IRDAI Circular Explained
  5. SEBI Cuts Rights Issue Timeline to 23 Working Days
  6. RBI Probe into Unhedged Forex Liabilities of Banks

Economy

  1. Credit-Deposit Ratio Crosses 80%: Causes and Impact
  2. Export Promotion Mission: New Schemes to Offset US Tariffs
  3. India’s GDP Revisions: NSO Reform and Key Figures

International Affairs

  1. US-Canada Trade War: Trump’s Steel and Aluminium Tariffs
  2. Foreign Aid: Scale, Donors, UN Target and Health Impact

Agriculture & Rural

  1. PM-AASHA Scheme: PSS, PDPS and PPSS Explained for MSP
  2. MSP in India: Limits of Price Support and Reform Options
  3. PM-MKSSY: Fisheries Sub-Scheme Under PMMSY Explained

Science & Technology

  1. Airtel-Starlink Deal: Satellite Internet Tie-up for India
  2. Urine to Fertiliser: Percarbamide Made Electrochemically

Environment & Ecology

  1. COP30 in Belem: Brazil’s Climate Finance and Action Plan

Reports & Indexes

  1. WHO Compassion and Primary Health Care Report Explained
  2. Household Debt in India: RBI FSR 2024 Concerns

National Affairs

Government Schemes

Banking & Finance

Economy

3. Alternative Investment Funds (AIFs): Types, Rules, Investors

  • AIFs are privately pooled investment vehicles regulated by SEBI (Alternative Investment Funds) Regulations, 2012.
  • SEBI groups them into Category I, II and III by investment objective.
  • Minimum investment is ₹1 crore, with at least 3 years of lock-in and up to 1,000 investors per scheme.
  • SEBI acted against AIF structures used to evade rules, including NPA recognition norms.
Full notes and 3 MCQs ›

Economy

Economy

11. India’s GDP Revisions: NSO Reform and Key Figures

  • The NSO cut GDP estimation iterations from six to five, so final GDP arrives in two years, not three.
  • 2023-24 growth was revised from 7.3% (First Advance Estimate) to 9.2% (First Revised Estimate).
  • 2024-25 growth was raised from 6.4% to 6.5% in the Second Advance Estimate.
  • 2023-24 fiscal deficit was revised from 5.6% to 5.5% of GDP; 2024-25 target lowered to 4.7%.
Full notes and 3 MCQs ›

International Affairs

International Relations

13. Foreign Aid: Scale, Donors, UN Target and Health Impact

  • Foreign aid is voluntary transfer of gifts, grants or loans from one country to another, including food, services and military help.
  • Global aid was about $240 billion in 2023; over 95% came from governments and $11 billion from private philanthropy.
  • The UN target for developed countries is 0.7% of GNI; only Norway, Luxembourg, Sweden, Germany and Denmark met it in 2023.
  • The US gave $62 billion in 2023, just 0.24% of its GNI.
Full notes and 3 MCQs ›

Agriculture & Rural

Government Schemes

14. PM-AASHA Scheme: PSS, PDPS and PPSS Explained for MSP

  • PM-AASHA was launched in September 2018 as a central sector scheme of the Ministry of Agriculture & Farmers Welfare.
  • It has three parts: Price Support Scheme, Price Deficiency Payment Scheme and Private Procurement & Stockist Scheme.
  • NAFED and FCI are nodal agencies for procurement under the Price Support Scheme.
  • PDPS pays farmers the gap between MSP and selling price directly into bank accounts.
Full notes and 3 MCQs ›

Science & Technology

Environment & Ecology

Reports & Indexes

Health & Social Issues

20. WHO Compassion and Primary Health Care Report Explained

  • WHO released the report 'Compassion and primary health care' on 7 February 2025.
  • Director-General Tedros Adhanom Ghebreyesus urged systematic integration of compassion into medical practice.
  • Compassion shortens hospital stays (Stanford study) and reduces anxiety in cancer patients (Johns Hopkins study).
  • Compassion differs from sympathy (pity) and empathy (shared pain, which can exhaust caregivers).
Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 12 March 2025, with answers and explanations.

Start the quiz