Skip to content
Free updates Login

Daily Current Affairs: 5 March 2025

Current affairs of 5 March 2025: US-Taiwan Relations After the Updated State Department Factsheet; India-U.K. Ties: Jaishankar’s London Visit and FTA Push; India-Belgium Relations: Defence JV and 24 MoUs, and 15 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)March 2025
18 TOPICSDaily CurrentAffairs5 March 2025In focus: US-Taiwan Relations After the Updated…safalsetu.com

In this issue: 18 topics

National Affairs

  1. Delimitation in India: Lok Sabha Seats and Federal Concerns

Banking & Finance

  1. Multi-Asset Allocation Fund Basics, Taxation and Recent Performance
  2. SEBI Consultation Paper on Derivatives: Index and Stock Limits
  3. SEBI Mitraa Platform: Tracing Lost Mutual Fund Folios
  4. Repo Rate Cut Expected in April 2025: Liquidity Concerns

Economy

  1. Income Tax Bill, 2025: Key Concerns and Criticisms
  2. FTAs and Customs Revenue: India’s Duty Foregone Explained
  3. Reciprocal Tariffs: India’s Trade Regime and Options

International Affairs

  1. US-Taiwan Relations After the Updated State Department Factsheet
  2. India-U.K. Ties: Jaishankar’s London Visit and FTA Push
  3. India-Belgium Relations: Defence JV and 24 MoUs
  4. Trump Tariffs on Canada, Mexico, China: Impact and Retaliation
  5. US Strategic Crypto Reserve: Features and Concerns

Agriculture & Rural

  1. India’s Agri Exports in the US-China Trade War: Cotton the Winner
  2. MSP Benefits Study: Who Gains from Paddy and Wheat Procurement

Science & Technology

  1. Blue Ghost Lunar Landing: Firefly Aerospace’s Moon Mission

Environment & Ecology

  1. Offshore Mining: Kerala Assembly Opposes Centre’s Policy

Reports & Indexes

  1. IMF India Financial System Stability Assessment: NBFC Risks

National Affairs

Polity & Governance

1. Delimitation in India: Lok Sabha Seats and Federal Concerns

  • Delimitation fixes the number and boundaries of Lok Sabha and State Assembly constituencies; a Delimitation Commission set up by an Act of Parliament does it.
  • Lok Sabha seats have stayed at 543 on the basis of the 1971 Census, when India's population was 54.8 crore.
  • Scenario 1 keeps 543 seats and reallocates them; Scenario 2 raises the House to 848 seats proportionately.
  • Southern States' share could fall from about 24% to nearly 19% under a population-based formula.
Full notes and 3 MCQs ›

Banking & Finance

Economy

Polity & Governance

6. Income Tax Bill, 2025: Key Concerns and Criticisms

  • The Income Tax Bill, 2025 seeks to repeal and replace the Income Tax Act, 1961.
  • Critics say it offers cosmetic changes, keeps dense language and cross-refers to the old Act.
  • Search powers extend to electronic devices, cloud storage, e-mails and social media, with no judicial oversight.
  • Reassessment relies on vague 'information', a wording brought in 2021 in place of 'reason to believe'.
Full notes and 3 MCQs ›

International Affairs

International Relations

11. India-Belgium Relations: Defence JV and 24 MoUs

  • A Belgian delegation led by Princess Astrid and Deputy PM Maxime Prévot visited New Delhi with about 300 business members.
  • 24 MoUs were signed in defence technology, food processing, health, engineering and education.
  • A defence cooperation MoU is due by the end of 2025, and Belgium will post a Defence Attaché in India.
  • A joint venture with Pune's EPH targets turrets for the Zorawar light tank, with demand of up to 700 tanks.
Full notes and 3 MCQs ›
Economy

13. US Strategic Crypto Reserve: Features and Concerns

  • The US President announced a strategic cryptocurrency reserve covering Bitcoin, Ethereum, Ripple, Solana (SOL) and Cardano (ADA).
  • The reserve is modelled on the US Strategic Petroleum Reserve, meant to steady markets in disruptions.
  • Seized crypto is estimated at about $17 billion in the US and about $19 billion in China.
  • Critics fear dollar credibility loss, market manipulation, conflict of interest and centralisation risks.
Full notes and 3 MCQs ›

Agriculture & Rural

Science & Technology

Environment & Ecology

Reports & Indexes

Test yourself

15 questions from the news of 5 March 2025, with answers and explanations.

Start the quiz