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Daily Current Affairs: 3 April 2025

Current affairs of 3 April 2025: West Asia Conflict: US-Iran Tensions and Israel’s Strikes; Reciprocal Tariffs: US Fair and Reciprocal Plan Explained; Mandalay Earthquake 2025: Sagaing Fault and Seismic Lessons, and 20 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)April 2025
23 TOPICSDaily CurrentAffairs3 April 2025In focus: West Asia Conflict: US-Iran Tensions and…safalsetu.com

In this issue: 23 topics

National Affairs

  1. Waqf Amendment Bill 2024: Key Changes and Criticisms
  2. WGS84 Datum Shift May Expand India’s Maritime Boundaries
  3. Immigration and Foreigners Bill 2025 Passed by Rajya Sabha

Government Schemes

  1. MGNREGA Wage Raised to ₹370 a Day for 2025-26

Banking & Finance

  1. Poonam Gupta Named RBI Deputy Governor Before April MPC
  2. Deposit Rate Cuts by Banks and NBFCs Begin
  3. AI Fintechs Transform Debt Collection for Lenders
  4. Microfinance Sector Draws Fresh Investor Capital
  5. Banking Laws (Amendment) Bill 2024 Passed by Lok Sabha
  6. Beams Fintech Fund Backs NBFC Infinity Fincorp in Series A Round
  7. SEBI Under Tuhin Kanta Pandey: Incremental Reform Approach
  8. NABARD-SBI Assam MoU: ₹500 Crore Rural Credit Plan

Economy

  1. CRR Cut Debate: Why RBI May Hold Off on Reducing the Ratio
  2. RBI Net Short Forward Position at $78.6 Billion: Liquidity Impact
  3. India Manufacturing PMI at 58.1 in March 2025

International Affairs

  1. West Asia Conflict: US-Iran Tensions and Israel’s Strikes
  2. Reciprocal Tariffs: US Fair and Reciprocal Plan Explained
  3. Mandalay Earthquake 2025: Sagaing Fault and Seismic Lessons
  4. BIMSTEC Summit 2025 Bangkok: Theme, Agenda, Meetings

Science & Technology

  1. ChaSTE on Chandrayaan-3: First Lunar South Pole Temperature Probe

Environment & Ecology

  1. EPR Expansion: C&D Waste, Used Cooking Oil, Hazardous Waste
  2. Aerosols and India’s Warming: Why Cleaner Air Raises Heat Risk

Reports & Indexes

  1. UNESCO Education and Nutrition Report: Learn to Eat Well

National Affairs

Government Schemes

Banking & Finance

Economy

6. Deposit Rate Cuts by Banks and NBFCs Begin

  • Banks and NBFCs began reducing deposit rates, with the RBI expected to cut the repo rate on April 9 after a February cut.
  • HDFC Bank cut rates on 35-month and 55-month deposits to 7%; Yes Bank and Bajaj Finance trimmed by 0.25 points.
  • RBI Bonds and SCSS still offered 8.2% for April-June.
  • Systemic liquidity moved from a ₹1.3 lakh crore March deficit to surplus.
Full notes and 3 MCQs ›
Economy

11. SEBI Under Tuhin Kanta Pandey: Incremental Reform Approach

  • SEBI chairman Tuhin Kanta Pandey prefers incremental reforms to big-bang changes and aims for optimum regulation.
  • A 21-day consultation period now applies to regulatory proposals, up from about two weeks earlier.
  • Market infrastructure institutions will face independent external evaluation to guard against misuse of power.
  • SEBI plans uniform enforcement and corrective-action chances for technical and procedural lapses.
Full notes and 3 MCQs ›

Economy

Economy

15. India Manufacturing PMI at 58.1 in March 2025

  • HSBC India Manufacturing PMI rose to 58.1 in March from a 14-month low of 56.3 in February.
  • New orders grew at their fastest pace since July 2024, driving the rebound.
  • Capital Economics said a 20% average tariff hike could cut India's GDP by 0.4%.
  • A 25 bps repo rate cut to 6% was widely expected at the RBI meeting of April 7-9.
Full notes and 3 MCQs ›

International Affairs

International Relations

16. West Asia Conflict: US-Iran Tensions and Israel’s Strikes

  • On 7 March 2025 Trump wrote to Iran's Supreme Leader Khamenei seeking nuclear talks; on 15 March the US struck Houthis in Yemen.
  • Israel resumed bombing Gaza on 17 March, killing over 400 and ending the ceasefire, then hit Lebanon on 22 March.
  • Assad's fall in late 2024 cut Iran's land route to Hezbollah and weakened its regional axis.
  • The US wants Iran to give up its nuclear programme, trim its military capability and drop regional allies.
Full notes and 3 MCQs ›
International Relations

18. Mandalay Earthquake 2025: Sagaing Fault and Seismic Lessons

  • A 7.7 magnitude earthquake struck 20 km from Mandalay, Myanmar, on 28 March 2025; the biggest aftershock measured 6.4.
  • The quake came from the Sagaing fault, a 1,400 km strike-slip fault absorbing 50-55% of overall plate motion.
  • A 33-storey building under construction collapsed in Bangkok, about 1,000 km away; seismic seiches spilled pool water.
  • The US Geological Survey projected over 10,000 deaths.
Full notes and 3 MCQs ›

Science & Technology

Environment & Ecology

Environment & Ecology

22. Aerosols and India’s Warming: Why Cleaner Air Raises Heat Risk

  • Aerosols are fine solid or liquid particles floating in air, from natural or human sources.
  • Sulphates and nitrates scatter sunlight and cool temporarily, while greenhouse gases trap heat for long-term warming.
  • India warmed about 0.7°C since 1901; aerosols and land-use change offset part of the rise.
  • Abrupt aerosol cuts in polluted zones like the Indo-Gangetic plains could cause short-term heat shocks.
Full notes and 3 MCQs ›

Reports & Indexes

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