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Daily Current Affairs: 11 March 2025

Current affairs of 11 March 2025: India-US Bilateral Trade Agreement and WTO Law Issues; India-US Tariff Talks: India Denies Reduction Commitment; China Deflation: Prices Fall 0.7% in February, Policy Response, and 14 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)March 2025
17 TOPICSDaily CurrentAffairs11 March 2025In focus: India-US Bilateral Trade Agreement: WTO…safalsetu.com

In this issue: 17 topics

National Affairs

  1. Obesity in India: Labelling and Junk Food Advertising Gaps
  2. Tribunalisation in India: Delays, Overreach and Reforms

Banking & Finance

  1. SME IPO Boom: Risks and SEBI’s Tighter Norms
  2. Bank Deposit Growth Lags Credit: LDR at 126% Incremental
  3. MDR on UPI and RuPay Debit Cards: Proposal for Large Merchants

Economy

  1. China Deflation: Prices Fall 0.7% in February, Policy Response
  2. SME IPO Boom vs Mainboard IPO Slowdown in India
  3. Rupee Slips to 87.34 per Dollar: Causes and Impact
  4. Second Supplementary Demands for Grants: ₹6.79 Trillion
  5. Inflation Forecasting with AI and LLMs: RBI Perspective
  6. Forex Reserves Explained: Components, Uses and Management

International Affairs

  1. India-US Bilateral Trade Agreement: WTO Law Angle
  2. India-US Tariff Talks: India Denies Reduction Commitment

Agriculture & Rural

  1. AAHAR 2025: APEDA Showcases India’s Food Exports

Science & Technology

  1. Ultra-High Energy Electrons Traced to Collisionless Shocks
  2. SaaS Explained: Cloud Software Model, Benefits and Types

Defence & Security

  1. SIPRI Arms Trade 2020-24: Ukraine Top Importer, India Second

National Affairs

Banking & Finance

Economy

Economy

8. Rupee Slips to 87.34 per Dollar: Causes and Impact

  • The rupee closed at 87.34 against the dollar, down 0.52% from 86.88, a two-week low.
  • NDF maturities of $34 billion against the rupee drove strong dollar demand; it was Asia's worst-performing currency.
  • The dollar index fell to about 103.7, near a 4-month low, on soft U.S. jobs data.
  • Continuing FII selling limits near-term rupee gains.
Full notes and 3 MCQs ›
Economy

10. Inflation Forecasting with AI and LLMs: RBI Perspective

  • Large language models can nowcast inflation by reading news, reports and social media, beyond numerical data.
  • A 2024 Fed study by Faria-e-Castro and Leibovici found LLM forecasts had lower mean-squared errors than the Survey of Professional Forecasters.
  • By August 2024, 40% of US adults used AI, with 28% using it at work.
  • LLM limits: central banks cannot control training data, which is not timestamped, and models are retrained periodically.
Full notes and 3 MCQs ›
Economy

11. Forex Reserves Explained: Components, Uses and Management

  • Forex reserves are assets in foreign currencies held by central banks or monetary authorities.
  • Components: foreign currencies, gold, Special Drawing Rights (SDRs) and the reserve position in the IMF.
  • Central banks use reserves to steady the exchange rate and meet external payments.
  • Trade surplus and FDI raise reserves; trade deficit, debt servicing and intervention can reduce them.
Full notes and 3 MCQs ›

International Affairs

Economy

12. India-US Bilateral Trade Agreement: WTO Law Angle

  • On 13 February 2025 India and the US agreed to start Bilateral Trade Agreement (BTA) talks by fall 2025.
  • Selective tariff cuts breach the MFN principle unless the pact qualifies under GATT Article 24 as an FTA or interim deal.
  • Article 24.8(b) needs tariffs removed on substantially all trade; Article 24.5 allows interim deals within a reasonable period, at most 10 years.
Full notes and 3 MCQs ›

Agriculture & Rural

Economy

14. AAHAR 2025: APEDA Showcases India’s Food Exports

  • The 39th AAHAR was held from 4 to 8 March 2025 at Bharat Mandapam, New Delhi, organised by ITPO.
  • APEDA facilitated 95 exhibitors, including FPOs, FPCs and firms from 17 states and several Union Territories.
  • Union Food Processing Minister Chirag Paswan inaugurated the event; APEDA Chairman Abhishek Dev opened the APEDA Pavilion.
  • Millets, organic and plant-based foods were the main focus.
Full notes and 3 MCQs ›

Science & Technology

Economy

16. SaaS Explained: Cloud Software Model, Benefits and Types

  • SaaS is a cloud delivery model: the provider hosts the app and users reach it through a browser on subscription.
  • Types: horizontal SaaS serves many industries; vertical SaaS targets one industry.
  • Challenges: internet dependence, limited customisation, data security worries and vendor lock-in.
  • Trends: AI/ML, edge computing and hybrid cloud, vertical growth, blockchain security, no-code and low-code platforms.
Full notes and 3 MCQs ›

Defence & Security

Test yourself

15 questions from the news of 11 March 2025, with answers and explanations.

Start the quiz