Daily Current Affairs: 14 February 2025

Current affairs of 14 February 2025: Yarlung Zangbo Dam: China’s Mega Project and India’s Concerns; Trump-Putin Talks on Ukraine War: Key Points and Impact; US B1/B2 Visa Renewal Rule Reverts, Longer Waits for Indians, and 7 more topics. Key facts for every exam, with a quiz.

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In this issue: 10 topics

National Affairs

President’s Rule in India: Article 356 Explained After Manipur

Banking & Finance

RBI-NBFC Meeting: Funding Demands Amid Shrinking Bank Credit
RBI OMO Purchases Likely to Rise Amid Liquidity Deficit
SEBI Seeks Power to Curb Social Media Financial Advice

Economy

Income Tax Bill 2025: Lok Sabha Introduction and Select Committee
Economic Survey 2024-25: Shift to Domestic-Led Growth

International Affairs

Yarlung Zangbo Dam: China’s Mega Project and India’s Concerns
Trump-Putin Talks on Ukraine War: Key Points and Impact
US B1/B2 Visa Renewal Rule Reverts, Longer Waits for Indians

Reports & Indexes

Climate Risk Index 2025: India’s Rank and Findings

National Affairs

Polity & Governance

1. President’s Rule in India: Article 356 Explained After Manipur

President's Rule was imposed in Manipur four days after Chief Minister N. Biren Singh resigned, amid two years of ethnic violence.
Parliament must approve within two months by simple majority; it lasts six months, extendable up to three years in six-month steps.
The S.R. Bommai case (1994) set guidelines and made the imposition subject to judicial review.

Full notes and 3 MCQs ›

Banking & Finance

Economy

2. RBI-NBFC Meeting: Funding Demands Amid Shrinking Bank Credit

NBFC heads proposed raising the annual ECB limit under the automatic route to $750 million.
They suggested a liquidity facility for smaller NBFCs, on the lines of NHB, and reclassifying gold loan NBFCs for regulatory benefits.
RBI raised risk weights on bank loans to NBFCs from 100% to 125% in November 2023.
Bank exposure to NBFCs fell from 43.1% (March 2023) to 42.7% (March 2024).

Full notes and 3 MCQs ›

Economy

3. RBI OMO Purchases Likely to Rise Amid Liquidity Deficit

Liquidity deficit has stayed around ₹2 trillion for eight weeks, prompting expectations of bigger RBI OMO buys.
The next OMO auction may rise from ₹20,000 crore to ₹40,000 crore.
The latest OMO auction drew bids of ₹1.8 trillion, 4.5 times the notified amount.

Full notes and 3 MCQs ›

Polity & Governance

4. SEBI Seeks Power to Curb Social Media Financial Advice

SEBI wants power to take down misleading messages, links and groups on social media.
It also seeks call and message data records, like the Tax Department, DRI and ED.
Its latest formal request was sent on February 3, 2025.

Full notes and 3 MCQs ›

Economy

Polity & Governance

5. Income Tax Bill 2025: Lok Sabha Introduction and Select Committee

Nirmala Sitharaman introduced the Income Tax Bill, 2025 in the Lok Sabha and sought a Select Committee review.
Around 1,200 provisos and 900 explanations were removed to simplify the law.
A single 'Tax Year' replaces 'previous year' and 'assessment year'.
The Direct Tax Codes of 2009 and 2019 were consulted for drafting.

Full notes and 3 MCQs ›

Economy

6. Economic Survey 2024-25: Shift to Domestic-Led Growth

The Survey says geo-economic fragmentation has ended the globalisation boom, pushing India toward domestic-led rather than export-led growth.
Trade barriers now cover 67.1% of global trade; fragmentation could cut global GDP by up to 7%.
India's average tariff rose from 13.4% in 2016 to 17% in 2023.

Full notes and 3 MCQs ›

International Affairs

Environment & Ecology

7. Yarlung Zangbo Dam: China’s Mega Project and India’s Concerns

China plans the world's largest hydropower project on the Yarlung Zangbo in Tibet, with three times the Three Gorges Dam's output.
The river becomes the Brahmaputra in India; India draws about a third of its freshwater from Tibet-origin rivers.
India and China have not ratified the 1997 UN Watercourses Convention, and data-sharing MoUs on Brahmaputra and Sutlej have lapsed.

Full notes and 3 MCQs ›

International Relations

8. Trump-Putin Talks on Ukraine War: Key Points and Impact

Trump held a roughly 90-minute talk with Putin about ending the Ukraine war.
A Trump-Putin meeting in Saudi Arabia was mooted as a major shift from previous U.S. policy.
Early signals suggest no NATO membership for Ukraine, no U.S. troops and no return to pre-2014 borders.
Europe could shoulder more of the burden of countering Russia without full U.S. support.

Full notes and 3 MCQs ›

International Relations

9. US B1/B2 Visa Renewal Rule Reverts, Longer Waits for Indians

US B1/B2 interview-free renewal window reverts from 48 months to 12 months.
Wait times remain above 400 days in major Indian cities.
The 48-month relaxation dated from November 2022.

Full notes and 3 MCQs ›

Reports & Indexes

Environment & Ecology

10. Climate Risk Index 2025: India’s Rank and Findings

India moved from 7th worst affected in 2019 to 49th in 2022, but ranks 6th over 1993-2022.
India lost 80,000 lives and $180 billion across 400 extreme events in 1993-2022.
The index is published by the think tank Germanwatch.

Full notes and 3 MCQs ›

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Daily Current Affairs: 14 February 2025

In this issue: 10 topics

National Affairs

1. President’s Rule in India: Article 356 Explained After Manipur

Banking & Finance

2. RBI-NBFC Meeting: Funding Demands Amid Shrinking Bank Credit

3. RBI OMO Purchases Likely to Rise Amid Liquidity Deficit

4. SEBI Seeks Power to Curb Social Media Financial Advice

Economy

5. Income Tax Bill 2025: Lok Sabha Introduction and Select Committee

6. Economic Survey 2024-25: Shift to Domestic-Led Growth

International Affairs

7. Yarlung Zangbo Dam: China’s Mega Project and India’s Concerns

8. Trump-Putin Talks on Ukraine War: Key Points and Impact

9. US B1/B2 Visa Renewal Rule Reverts, Longer Waits for Indians

Reports & Indexes

10. Climate Risk Index 2025: India’s Rank and Findings

Test yourself