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Daily Current Affairs: 13 March 2025

Current affairs of 13 March 2025: Jio-SpaceX Starlink Deal: Satellite Broadband for India; US 25% Tariff on Steel and Aluminium: Impact on India; Palk Bay Fisheries Dispute: India-Sri Lanka Issues and Solutions, and 15 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)March 2025
18 TOPICSDaily CurrentAffairs13 March 2025In focus: Jio-SpaceX Starlink Deal: Satellite…safalsetu.com

In this issue: 18 topics

National Affairs

  1. APAAR ID: Student Registry and Privacy Concerns
  2. Oilfields Amendment Bill 2024: Petroleum Lease Reforms

Government Schemes

  1. PM-KUSUM 2.0 and MNRE: Parliamentary Panel Pointers

Banking & Finance

  1. Self-Regulatory Organisation (SRO): Meaning and RBI’s AA Call
  2. SEBI Related-Party Transaction Disclosure Norms and Criticism
  3. RBI Reviews Bank Derivatives Exposure After IndusInd Lapse
  4. D-SII Insurers 2024-25: LIC, New India Assurance, GIC Re
  5. Moody’s Stable Outlook on Indian Banks: NPLs and Loan Growth

Economy

  1. Corporate Bond Issuances Surge Despite Rising Yields
  2. India’s Retail Inflation Falls to 3.61% in February 2025
  3. India GDP Q3 2024-25: 6.2% Growth and Q4 Outlook
  4. Global Tax Evasion: Loopholes, Initiatives and Reform Ideas

International Affairs

  1. US 25% Tariff on Steel and Aluminium: Impact on India
  2. Palk Bay Fisheries Dispute: India-Sri Lanka Issues and Solutions

Agriculture & Rural

  1. Agriculture Standing Committee: Farm Labourer and MSP Proposals

Science & Technology

  1. Jio-SpaceX Starlink Deal: Satellite Broadband for India

Environment & Ecology

  1. Mission Amrit Sarovar: Railways Join Pond Rejuvenation Drive

Reports & Indexes

  1. India’s Digital Economy: ICRIER Report Projects 20% of GDP

National Affairs

Government Schemes

Banking & Finance

Polity & Governance

5. SEBI Related-Party Transaction Disclosure Norms and Criticism

  • SEBI issued stricter disclosure norms for related-party transactions to improve transparency and approval fairness under LODR.
  • The guidelines were drawn up by the Industry Standards Forum: Assocham, CII and Ficci, with SEBI and exchanges.
  • Companies must give valuation reports, peer comparisons and benefit explanations, with audit committee and shareholder approval.
  • Critics cite compliance burden; M. Damodaran called the document inconsistent.
Full notes and 3 MCQs ›

Economy

Economy

12. Global Tax Evasion: Loopholes, Initiatives and Reform Ideas

  • MNCs and HNIs move profits to low-tax jurisdictions using transfer pricing, high interest payments, intangible assets and real estate.
  • OECD's BEPS plan (2013) had 15 action points with 140 countries; the 2021 deal set a 15% global minimum tax.
  • Around 40% of profit shifting to tax havens is by US-based MNCs, costing nearly 10% of corporate tax revenues.
  • Reform ideas include a 25% minimum tax and a 2% wealth tax on billionaires.
Full notes and 3 MCQs ›

International Affairs

Agriculture & Rural

Polity & Governance

15. Agriculture Standing Committee: Farm Labourer and MSP Proposals

  • The panel proposed renaming the Department of Agriculture and Farmers Welfare to include Farm Labourers Welfare.
  • It suggested a National Commission for Minimum Living Wages for farm labourers.
  • Small and marginal farmers, owning under 2 hectares, form 86% of India's agricultural workforce and need better crop insurance.
  • It backed MSP for organic crops without diluting the demand for MSP on the Swaminathan formula (C2 + 50%).
Full notes and 3 MCQs ›

Science & Technology

Environment & Ecology

Reports & Indexes

Test yourself

15 questions from the news of 13 March 2025, with answers and explanations.

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