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Daily Current Affairs: 21 March 2025

Current affairs of 21 March 2025: OECD Global Debt Report: Bonds Top $100 Trillion in 2024; Swadesh Darshan Scheme: CAG Findings and PAC Directives; Mounjaro (Tirzepatide) Launched in India by Eli Lilly: Price and Use, and 14 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)March 2025
17 TOPICSDaily CurrentAffairs21 March 2025In focus: OECD Global Debt Report: Bonds Top…safalsetu.com

In this issue: 17 topics

Government Schemes

  1. Swadesh Darshan Scheme: CAG Findings and PAC Directives
  2. National Centres of Excellence for Skilling at NSTIs

Banking & Finance

  1. FPI Disclosure Threshold: SEBI Weighs ₹50,000 Crore Limit
  2. Payments Banks Seek ₹5 Lakh Deposit Limit and Microfinance Lending
  3. UPI Incentive Cut to ₹1,500 Crore: Fintech Concerns Explained
  4. IndusInd Bank’s ₹14,750 Crore CD Fundraise and Liquidity Stress
  5. SEBI Board Meeting Agenda Under Chairperson Tuhin Kanta Pandey
  6. IndusInd Bank Crisis: Governance and RBI Transparency
  7. SEBI ESOP Relaxation for Startup Founders Before IPO
  8. SEBI Proposals on EBP and RFQ Platforms for Bond Market
  9. Finfluencers in India: CFA Institute Study Findings
  10. IDFC FIRST Bank ‘Ace’ Mutual Fund Feature on Mobile App
  11. SEBI Proposal: ESOPs for Promoters of IPO-Bound Firms

Science & Technology

  1. Mounjaro (Tirzepatide) Launched in India by Eli Lilly: Price and Use
  2. Tata Communications Launches Vayu, an AI-Based Cloud Platform

Reports & Indexes

  1. OECD Global Debt Report: Bonds Top $100 Trillion in 2024
  2. SBI Report: Labour Migration and Inflation in Southern States

Government Schemes

Banking & Finance

Banking & Finance

4. Payments Banks Seek ₹5 Lakh Deposit Limit and Microfinance Lending

  • Payments banks asked to raise the per-account deposit limit from ₹2 lakh to ₹5 lakh; it was last revised in April 2021 from ₹1 lakh.
  • They want to lend to microfinance under regulated caps; now they can only invest in government securities.
  • Conversion to a small finance bank needs five years of operation and ₹200 crore paid-up equity capital.
  • Six of 11 licences granted in 2015 remain active.
Full notes and 3 MCQs ›
Banking & Finance

6. IndusInd Bank’s ₹14,750 Crore CD Fundraise and Liquidity Stress

  • IndusInd Bank raised ₹14,750 crore through certificates of deposit in a week, with public sector banks supplying over half.
  • CD issuance reached a record ₹10.58 trillion in FY2024-25 (to March 7), up 34% year on year.
  • RBI injected about ₹5.5 trillion this quarter via OMOs, long-duration VRR auctions and forex swaps.
  • IndusInd's LCR slipped from 118% to 113%, still above the 100% minimum.
Full notes and 3 MCQs ›
Economy

9. SEBI ESOP Relaxation for Startup Founders Before IPO

  • Under the Companies (Share Capital and Debentures) Rules, 2014, ESOPs go only to employees and are barred for promoters.
  • SEBI considered allowing founders classed as promoters to keep or exercise ESOPs granted one year before the IPO.
  • A gap between the grant and the IPO (cooling-off period) would be mandatory to stop abuse.
  • The consultation paper also seeks clarity on minimum holding periods for shares in an offer-for-sale.
Full notes and 3 MCQs ›
Economy

10. SEBI Proposals on EBP and RFQ Platforms for Bond Market

  • SEBI proposed lowering the mandatory EBP threshold for private placements from ₹50 crore to ₹20 crore.
  • EBP would become mandatory for InvIT and REIT private placements above ₹1,000 crore.
  • Proposed moves: greenshoe cut from 5x to 3x, settlement T+2 to T+1, listing T+3 to T+2.
  • RFQ yield-to-price calculation for non-convertible securities would follow the government securities method.
Full notes and 3 MCQs ›

Science & Technology

Reports & Indexes

Economy

16. OECD Global Debt Report: Bonds Top $100 Trillion in 2024

  • Outstanding government and corporate bonds worldwide exceeded $100 trillion in 2024, nearly three times the 2007 level.
  • OECD members' interest spending reached 3.3% of GDP, a 20-year high and above defence spending.
  • About 40% of sovereign and corporate debt matures by 2027.
  • Emerging markets excluding China face a $10 trillion climate-finance shortfall by 2050.
Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 21 March 2025, with answers and explanations.

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