Skip to content
Free updates Login

Daily Current Affairs: 27 & 28 April 2025

Current affairs of 27 & 28 April 2025: US-India Trade Talks: Non-Tariff Barriers and BTA Timeline; Kailash Mansarovar Yatra Returns in 2025 After Six Years; India Adds 10,000 Sq Km to Arabian Sea Continental Shelf Claim, and 19 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)April 2025
22 TOPICSDaily CurrentAffairs27 & 28 April 2025In focus: US-India Trade Talks: Non-Tariff Barriers…safalsetu.com

In this issue: 22 topics

National Affairs

  1. India Assured 43 Medals at Asian Under-15 and 17 Boxing in Amman

Government Schemes

  1. Finance Ministry’s Unified Portal for Government Schemes

Banking & Finance

  1. UPI Outages March-April 2025: Causes and MDR Issue
  2. REITs and InvITs Explained: Features, Benefits and Risks
  3. IndusInd Bank Derivatives Accounting Gap: Grant Thornton Report
  4. SEBI Moves to a Paperless e-Office System
  5. Health Insurance Fraud in India: ₹12,000 Crore Annual Loss
  6. Amazon Pay India: Rs 350 Crore Rights Issue Infusion
  7. RBI Valedictory Address: Building Green and Sustainable Finance

Economy

  1. RBI Governor Malhotra on Economic Outlook: Credit, CAD, FDI

International Affairs

  1. US-India Trade Talks: Non-Tariff Barriers and BTA Timeline
  2. Kailash Mansarovar Yatra Returns in 2025 After Six Years
  3. India Adds 10,000 Sq Km to Arabian Sea Continental Shelf Claim

Agriculture & Rural

  1. Agriculture Insurance in India: PMFBY and Reform Needs
  2. ICAR-ISRI and Zuari MoU for Cane Excellence Programme

Science & Technology

  1. INSPACe Satellite Bus as a Service: Phases and Aims
  2. Genome India Data: Call for Proposals Triggers Transparency Row
  3. Google’s AI Push in India and US Ad Tech Antitrust Ruling
  4. ISRO Semi-cryogenic Engine Hot Test and NISAR Launch Prep
  5. Sarvam AI Chosen for India’s First Indigenous LLM

Environment & Ecology

  1. Kuno National Park Welcomes Five Cheetah Cubs

Reports & Indexes

  1. India’s Poverty Decline: World Bank Report Findings

National Affairs

Government Schemes

Banking & Finance

Economy

4. REITs and InvITs Explained: Features, Benefits and Risks

  • Sebi warned investors about Strata after it voluntarily surrendered its SM REIT licence.
  • REITs hold income-generating real estate and earn rent; InvITs hold infrastructure assets and earn user charges or toll revenue.
  • Both are Sebi-regulated, trust-based, and distribute at least 90% of net distributable cash flows.
  • Retail investors can buy units on exchanges or in IPOs through a Demat and trading account.
Full notes and 3 MCQs ›
Banking & Finance

5. IndusInd Bank Derivatives Accounting Gap: Grant Thornton Report

  • Grant Thornton found incorrect accounting of internal derivatives trades, especially early terminations, created notional profits.
  • Cumulative adverse impact on the profit and loss account as of March 31, 2025 is about ₹1,959.98 crore.
  • PwC estimated a ₹1,979 crore negative impact as of June 30, 2024, versus the bank's internal ₹1,580 crore.
  • The bank stopped internal derivatives trades from April 1, 2024.
Full notes and 3 MCQs ›
Banking & Finance

9. RBI Valedictory Address: Building Green and Sustainable Finance

  • The RBI address stressed a national green finance taxonomy; a formal one is under development while RBI uses the Sovereign Green Bonds framework.
  • RBI's draft Disclosure Framework on Climate-related Financial Risks seeks qualitative and quantitative disclosures on governance, strategy, risk management and metrics.
  • RBI launched the Reserve Bank - Climate Risk Information System (RB-CRIS) to close data gaps on physical and transition risks.
Full notes and 3 MCQs ›

Economy

International Affairs

Economy

11. US-India Trade Talks: Non-Tariff Barriers and BTA Timeline

  • US Vice President JD Vance urged India to remove non-tariff barriers hurting American firms.
  • USTR flagged India's draft DPDP rules for burdensome data requirements, transfer limits and localisation.
  • India hopes for an early BTA tranche by July 8, 2025; both sides aim for the first tranche by fall 2025.
  • India's team is led by chief negotiator Rajesh Agrawal.
Full notes and 3 MCQs ›

Agriculture & Rural

Government Schemes

14. Agriculture Insurance in India: PMFBY and Reform Needs

  • Erratic monsoons and extreme weather make farm insurance a vital safety net, especially for small and marginal farmers.
  • PMFBY offers wide crop failure cover with subsidised premiums and uses satellite imagery and drones for faster claim settlement.
  • Gaps include low awareness, complex procedures and delayed claim payouts.
  • Suggested fixes: AI and remote sensing, digital claim tracking, livestock and micro-insurance, and weather-index products.
Full notes and 3 MCQs ›

Science & Technology

Science & Technology

18. Google’s AI Push in India and US Ad Tech Antitrust Ruling

  • Google is expanding AI across Search, advertising and YouTube in India; AI Overviews and Lens handle nearly 20 billion queries a month.
  • CTV adoption lifted conversion rates 3.6x for some campaigns; 72% of Indian respondents said Shorts ads sway purchases.
  • On April 17, Judge Leonie Brinkema ruled Google illegally monopolised two ad tech markets.
  • The ruling could force Google to divest DoubleClick assets; Google plans to appeal.
Full notes and 3 MCQs ›

Environment & Ecology

Reports & Indexes

Test yourself

15 questions from the news of 27 & 28 April 2025, with answers and explanations.

Start the quiz