Daily Current Affairs: 24 May 2025

Current affairs of 24 May 2025: FATF Grey List: India to Seek Pakistan’s Return in June 2025; Overfishing in India: Causes, Impacts and Remedies; India’s 2030 Emissions Intensity Goal: CEEW-AEEE Report, and 7 more topics. Key facts for every exam, with a quiz.

Take the quiz (10 questions)May 2025

In this issue: 10 topics

National Affairs

CPGRAMS Explained: Grievance Portal and Bank Redress Push

Banking & Finance

RBI to pay record ₹2.69 trillion surplus to Centre for FY25
RBI Draft: KYC Updates to Revive Inoperative Accounts
Getepay Gets RBI Nod as Online Payment Aggregator
IPPB and Aditya Birla Capital Loan Referral Tie-Up
SBM Bank India Ties Up With ICICI Prudential Life for Bancassurance
IndusInd Bank and DPIIT MoU for Startup Finance Support

International Affairs

FATF Grey List: India to Seek Pakistan’s Return in June 2025

Environment & Ecology

Overfishing in India: Causes, Impacts and Remedies

Reports & Indexes

India’s 2030 Emissions Intensity Goal: CEEW-AEEE Report

National Affairs

Polity & Governance

1. CPGRAMS Explained: Grievance Portal and Bank Redress Push

The Finance Ministry told public sector banks to tighten grievance redress after staff misconduct incidents.
CPGRAMS, built by NIC, is a 24x7 online platform for grievances on government services.
2024 reforms included 10 steps and over 1 lakh mapped Grievance Officers.

Full notes and 3 MCQs ›

Banking & Finance

Economy

2. RBI to pay record ₹2.69 trillion surplus to Centre for FY25

The RBI approved a record ₹2.69 trillion surplus transfer for FY25, up 27%.
The CRB range was revised to 4.5%-7.5%, with the buffer set at 7.5%.
Net dollar sales of $34.5 billion were the highest since 2008.

Full notes and 3 MCQs ›

Banking & Finance

3. RBI Draft: KYC Updates to Revive Inoperative Accounts

RBI proposed that banks must provide KYC update facilities for customers wishing to reactivate inoperative accounts or unclaimed deposits.
The facility must be available at all branches, including non-home branches.
Customers may use the Video Customer Identification Process, where a bank offers it.
Authorised business correspondents may help customers.

Full notes and 3 MCQs ›

Economy

4. Getepay Gets RBI Nod as Online Payment Aggregator

Getepay, a Jaipur-based fintech, got final RBI approval as an Online Payment Aggregator.
It is the first Rajasthan company with this approval.
It serves 1.5 million merchants and aims to formalise 10 million MSMEs.

Full notes and 3 MCQs ›

Banking & Finance

5. IPPB and Aditya Birla Capital Loan Referral Tie-Up

India Post Payments Bank (IPPB) tied up with Aditya Birla Capital Limited (ABCL) to widen loan access.
IPPB is a lead referral partner and carries no credit risk; ABCL keeps sanctioning and risk assessment.
IPPB, set up in 2018, is fully government-owned.

Full notes and 3 MCQs ›

Economy

6. SBM Bank India Ties Up With ICICI Prudential Life for Bancassurance

SBM Bank India tied up with ICICI Prudential Life Insurance for bancassurance.
Insurance penetration was 3.7% in FY24 versus a global 7%.
ICICI Prudential Life's AUM: ₹3.09 lakh crore (31 March 2025).

Full notes and 3 MCQs ›

Banking & Finance

7. IndusInd Bank and DPIIT MoU for Startup Finance Support

IndusInd Bank signed an MoU with DPIIT to serve start-ups under Startup India.
CGSS offers collateral-free loans with cover up to ₹20 crore.
Concessional guarantee fees apply for 27 Champion Sectors.

Full notes and 3 MCQs ›

International Affairs

Economy

8. FATF Grey List: India to Seek Pakistan’s Return in June 2025

India planned a dossier to FATF before its June 2025 plenary seeking Pakistan's return to the grey list.
Pakistan was greylisted in 2018 and removed in October 2022.
The blacklist covered North Korea, Iran and Myanmar as of 2025.

Full notes and 3 MCQs ›

Environment & Ecology

Agriculture & Rural Development

9. Overfishing in India: Causes, Impacts and Remedies

Overfishing means catching fish faster than stocks can replenish; FAO says over 33% of global stocks are overexploited.
About 90% of Indian fishers are small-scale yet land only 10% of the catch.
Kerala's minimum legal size for threadfin bream raised catch by 41% in one season.

Full notes and 3 MCQs ›

Reports & Indexes

Environment & Ecology

10. India’s 2030 Emissions Intensity Goal: CEEW-AEEE Report

The 'Energy and Climate Change' report is by CEEW and the Alliance for an Energy Efficient Economy (AEEE).
India may cut emissions intensity 48-57% by 2030 versus 2005, beating the 45% NDC target.
Non-fossil sources could supply 60-68% of installed power capacity by 2035.

Full notes and 3 MCQs ›

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Daily Current Affairs: 24 May 2025

In this issue: 10 topics

National Affairs

1. CPGRAMS Explained: Grievance Portal and Bank Redress Push

Banking & Finance

2. RBI to pay record ₹2.69 trillion surplus to Centre for FY25

3. RBI Draft: KYC Updates to Revive Inoperative Accounts

4. Getepay Gets RBI Nod as Online Payment Aggregator

5. IPPB and Aditya Birla Capital Loan Referral Tie-Up

6. SBM Bank India Ties Up With ICICI Prudential Life for Bancassurance

7. IndusInd Bank and DPIIT MoU for Startup Finance Support

International Affairs

8. FATF Grey List: India to Seek Pakistan’s Return in June 2025

Environment & Ecology

9. Overfishing in India: Causes, Impacts and Remedies

Reports & Indexes

10. India’s 2030 Emissions Intensity Goal: CEEW-AEEE Report

Test yourself