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Daily Current Affairs: 1 April 2025

Current affairs of 1 April 2025: Reciprocal Tariffs: US to Apply Them to Every Country; Baltic Sentry: NATO Guards Undersea Cables and Pipelines; Arctic Region: Geography, Resources and Rival Claims, and 14 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)April 2025
17 TOPICSDaily CurrentAffairs1 April 2025In focus: Reciprocal Tariffs: US to Apply Them to…safalsetu.com

In this issue: 17 topics

National Affairs

  1. Delimitation and Finance Devolution: Federal Concerns
  2. Government Assurances: MHA Dropped Most in Parliament
  3. Nidhi Tewari Appointed Private Secretary to PM Modi

Banking & Finance

  1. Regulatory Overreach in Bank MD Appointments: IndusInd Case
  2. IndusInd Bank CD Fundraising of ₹16,550 Crore
  3. Sebi Direct Market Access Idea for Overseas Individuals
  4. IPO Retail Quota Debate: Should Sebi Cut the 35% Share?
  5. April 2025 Banking Rule Changes: NBFC Risk Weight, UPI, PCA
  6. RBI at 90: Stability, Trust and Growth Theme Explained

Economy

  1. India’s FY26 Growth Outlook Amid US Tariff Worries
  2. CPIAL and CPIRL Base Year Revision to 2024-25

International Affairs

  1. Reciprocal Tariffs: US to Apply Them to Every Country
  2. Arctic Region: Geography, Resources and Rival Claims

Science & Technology

  1. Dhruva Space, Infostellar Plan Hyderabad Ground Station Link
  2. Bipolar Disorder: Causes, Stress and Diagnosis Explained

Environment & Ecology

  1. Western Ghats Monsoon Rainfall Rising for 800 Years: CUK Study

Defence & Security

  1. Baltic Sentry: NATO Guards Undersea Cables and Pipelines

National Affairs

Banking & Finance

Economy

6. Sebi Direct Market Access Idea for Overseas Individuals

  • Sebi examined letting foreign individuals invest directly in India's primary and secondary equity markets.
  • At present, foreign investors must route money through the Foreign Portfolio Investor (FPI) framework.
  • The idea was at an early stage and needs clearance from the Finance Ministry and RBI.
  • An FPI holding above 10% in a listed firm is treated as FDI.
Full notes and 3 MCQs ›

Economy

Economy

10. India’s FY26 Growth Outlook Amid US Tariff Worries

  • Economic Survey projected FY26 growth at 6.3% to 6.8%, while RBI estimated 6.7%.
  • US reciprocal tariffs were due from April 2; Nomura calculated India's reciprocal rate at roughly 6.5%.
  • The US takes 17.7% of India's exports and the EU takes 17.4%.
  • February 2025 exports fell 10.9% year-on-year to $36.91 billion; 11-month FY25 exports stayed flat at $395 billion.
Full notes and 3 MCQs ›
Economy

11. CPIAL and CPIRL Base Year Revision to 2024-25

  • The Labour Bureau's expert panel, headed by Asit Kumar Sadhu, will move CPIAL and CPIRL from base year 1986-87 to 2024-25.
  • Both indices currently cover only 20 states and UTs; the revision aims at all states and UTs.
  • Food weights today: 72.9% in CPIAL and 70.4% in CPIRL.
  • CPIAL drives the yearly MGNREGA wage revision, normally effective from April 1.
Full notes and 3 MCQs ›

International Affairs

Economy

12. Reciprocal Tariffs: US to Apply Them to Every Country

  • US President Trump said reciprocal tariffs, due on April 2, would apply to all countries with no exemptions.
  • India and the US were negotiating a Bilateral Trade Agreement (BTA) with tariff concessions when the statement came.
  • Nasdaq Composite fell 1.9% and S&P 500 fell 0.8%, while Dow Jones stayed unchanged.
  • Gold prices hit new highs as investors moved to safe-haven assets.
Full notes and 3 MCQs ›
International Relations

13. Arctic Region: Geography, Resources and Rival Claims

  • Eight nations form the Arctic Council: Canada, Denmark (Greenland), Finland, Iceland, Norway, Russia, Sweden and the US.
  • The Arctic holds an estimated 13% of undiscovered oil and 30% of untapped natural gas.
  • The Northeast Passage could cut East Asia-Europe shipping distance by 8,000 km.
  • China called itself a 'Near-Arctic State' in 2018.
  • Canada calls the Northwest Passage internal waters; the US calls it an international waterway.
Full notes and 3 MCQs ›

Science & Technology

Environment & Ecology

Defence & Security

Test yourself

15 questions from the news of 1 April 2025, with answers and explanations.

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