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Daily Current Affairs: 23 & 24 March 2025

Current affairs of 23 & 24 March 2025: Anti-Dumping Duty on Chinese Goods: Five Products, Rates; US Industry Lobbies Press India on Tariffs and Trade Barriers; COP30 Brazil: Paris Agreement Implementation and India’s Role, and 25 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)March 2025
28 TOPICSDaily CurrentAffairs23 & 24 March 2025In focus: Anti-Dumping Duty on Chinese Goods:…safalsetu.com

In this issue: 28 topics

National Affairs

  1. Kerala ‘Look East’ Tourism Campaign for Eight Countries
  2. Influenza in India: Delhi-NCR Spike Claim and Data
  3. TB in India: Incidence, Mortality, Treatment Success and State Ranking
  4. Daily Current Affairs Digest: 23-24 March 2025 Facts to Remember

Government Schemes

  1. PLI Schemes: Investment, Output, Exports and Reuters Rebuttal

Banking & Finance

  1. Bank IPOs in India: Why Most Disappointed Investors
  2. Terrorism Risk Insurance Premium Cut of 10-15% in India
  3. IndusInd Bank Forensic Audit by Grant Thornton
  4. Insurtech: How AI, IoT and Blockchain Reshape Insurance
  5. Rise of NBFCs in India: Strengths, Health and Challenges
  6. Bond Yields Diverge Despite RBI Rate Cuts: Liquidity Crunch
  7. Paytm and the FY25 UPI Incentive Cut: Impact Analysis
  8. Banks Stall Offshore NBFC Plans Under ODI Rules
  9. FCNR-B Deposits: Banks Hold Back Rates Despite RBI Relaxation
  10. P2P Lending Slowdown in India After RBI Curbs
  11. SEBI Board Meeting: Conflict-of-Interest Disclosure Framework

Economy

  1. India Economy Outlook: Rupee, Inflation and Forex Reserves Improve

International Affairs

  1. Anti-Dumping Duty on Chinese Goods: Five Products, Rates
  2. US Industry Lobbies Press India on Tariffs and Trade Barriers
  3. Trump Policies and the US Fed Outlook: What It Means for India

Agriculture & Rural

  1. Parliamentary Panel on Fertilizer Budget and Nano Fertilizers
  2. PDRL Ag++ Flight Controller and New Drone Patents
  3. Lulu Group’s Global Farm Initiative in Pollachi: Key Facts

Science & Technology

  1. Infant Memory Study: 12-Month-Olds Can Encode Memories

Environment & Ecology

  1. COP30 Brazil: Paris Agreement Implementation and India’s Role
  2. Delhi Scorpion Survey Records Four Species

Defence & Security

  1. Tavasya Launched: Last Krivak-class Stealth Frigate at Goa Shipyard
  2. Varuna Naval Exercise: INS Vikrant and Charles de Gaulle Off Goa

National Affairs

Government Schemes

Banking & Finance

Banking & Finance

9. Insurtech: How AI, IoT and Blockchain Reshape Insurance

  • AI, the Internet of Things and blockchain are transforming the insurance value chain and pushing regulators to adapt.
  • IoT data enables usage-based insurance, where premiums adjust to actual behaviour such as seatbelt use.
  • Blockchain smart contracts can pay claims automatically after a trigger event.
  • Benefits include fraud prevention, faster claims, personalised products and efficient operations.
Full notes and 3 MCQs ›
Economy

10. Rise of NBFCs in India: Strengths, Health and Challenges

  • RBI Deputy Governor M. Rajeshwar Rao highlighted NBFCs' role in achieving the $5 trillion economy vision.
  • As of September 2024 NBFCs had capital adequacy of 26.1%, net interest margin of 5.1%, ROA of 2.9% and gross NPAs of 3.4%.
  • Equity capital grew 26.5% for non-government NBFCs and 17.9% for upper-layer NBFCs year on year.
  • NBFCs serve underserved segments such as gold loans, tractor finance, used vehicles and microloans.
Full notes and 3 MCQs ›
Economy

12. Paytm and the FY25 UPI Incentive Cut: Impact Analysis

  • The Cabinet approved ₹1,500 crore of incentives for low-value UPI transactions in FY25.
  • The UPI industry received ₹3,268 crore in FY24, about 80% more than in FY23.
  • Paytm may lose roughly ₹150 crore of UPI income in FY25 after RBI's action on Paytm Payments Bank.
  • Financial services revenue of ₹502 crore beat net payment margin of ₹489 crore in Q3FY25 for the first time.
Full notes and 3 MCQs ›
Economy

13. Banks Stall Offshore NBFC Plans Under ODI Rules

  • Leading private banks are blocking overseas direct investment proposals by Indian promoters to set up offshore NBFCs.
  • ODI allows remittance up to four times a company's net worth, far above the $250,000 LRS cap for individuals.
  • Domestic NBFCs need RBI approval for ODI; banks interpret 'bona fide business activity' differently.
Full notes and 3 MCQs ›
Banking & Finance

14. FCNR-B Deposits: Banks Hold Back Rates Despite RBI Relaxation

  • Indian banks stayed cautious on foreign currency deposit rates despite extra RBI flexibility to attract inflows.
  • In December 2024 the RBI lifted the FCNR-B deposit rate ceiling by 150 basis points, valid till 31 March 2025.
  • Cheaper dollar funds from syndicated loans and global borrowing reduce banks' need for FCNR-B money.
  • FCNR-B inflows peaked at $1.876 billion in September 2024 and were only $58 million in December.
Full notes and 3 MCQs ›

Economy

International Affairs

Economy

19. US Industry Lobbies Press India on Tariffs and Trade Barriers

  • USCC, the Coalition of Services Industries and Harley-Davidson urged the Trump administration to press India on tariffs and regulation.
  • The call came ahead of the USTR review of unfair trade practices and the reciprocal tariffs announcement.
  • Harley-Davidson cited a 100% Indian auto duty against 68% in the EU, 18% in Brazil and 60% in Thailand.
  • CSI objected to preferential treatment for UPI and RuPay and to data localisation rules.
Full notes and 3 MCQs ›

Agriculture & Rural

Science & Technology

Environment & Ecology

Defence & Security

Test yourself

15 questions from the news of 23 & 24 March 2025, with answers and explanations.

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