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Daily Current Affairs: 7 March 2025

Current affairs of 7 March 2025: India-Australia Defence Cooperation: CDS Chauhan’s Visit; COP30 Brazil 2025: Agenda and Global Ethical Stocktake; Jaishankar on US-India Ties Under Trump: Key Points, and 12 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)March 2025

In this issue: 15 topics

National Affairs

Delimitation Debate: Stalin’s Call for a Freeze Until 2056

Government Schemes

Mudra Yojana (PMMY): Loan Slabs and 10-Year Record
Jan Aushadhi Diwas 2025 Observed on 7 March Nationwide

Banking & Finance

SEBI Warning on Sunshine Global Agro Properties
RBI Liquidity Infusion of ₹1.87 Trillion: OMO and Swap
MSME Credit Assessment Model Using Digital Footprints

Economy

India’s Electronics Exports to the US: Market Share and Tariffs
Private Investment in India: Why Firms Hold Back Despite Capex
Crisil FY26 Growth Forecast: India to Expand 6.5%

International Affairs

Jaishankar on US-India Ties Under Trump: Key Points

Science & Technology

AI Kosha: India’s Platform for Non-Personal AI Datasets
India Semiconductor Mission Phase 2 and the CDIL-Infineon MoU

Environment & Ecology

COP30 Brazil 2025: Agenda and Global Ethical Stocktake

Defence & Security

India-Australia Defence Cooperation: CDS Chauhan’s Visit
INSV Tarini: Navika Sagar Parikrama-II Leaves Port Stanley

National Affairs

Polity & Governance

1. Delimitation Debate: Stalin’s Call for a Freeze Until 2056

An all-party meeting chaired by Tamil Nadu CM M.K. Stalin urged freezing Lok Sabha and Assembly strength until 2056.
The electorate has grown 45% since the last delimitation (2002-2008), creating malapportionment.
Southern States fear losing Lok Sabha seats if allocation is purely population-based.
The Constitution permits apportionment 'so far as practicable', allowing factors beyond population.

Full notes and 3 MCQs ›

Government Schemes

2. Mudra Yojana (PMMY): Loan Slabs and 10-Year Record

PMMY began on 8 April 2015, offering collateral-free loans up to Rs 20 lakh to non-farm micro and small enterprises.
In ten years it sanctioned over 52 crore loans worth above Rs 33 lakh crore; about 68% of borrowers are women.
Tarun Plus (above Rs 10 lakh to Rs 20 lakh) began in October 2024 for borrowers who repaid an earlier Tarun loan.
MUDRA Ltd, a SIDBI subsidiary, refinances lenders; loans are covered by CGFMU, managed by NCGTC.

Full notes and 3 MCQs ›

Government Schemes

3. Jan Aushadhi Diwas 2025 Observed on 7 March Nationwide

Jan Aushadhi Diwas is observed on 7 March to promote affordable generic medicines under PMBJP.
Over 15,000 Janaushadhi Kendras were operational, covering all districts of the country.
Medicines at Kendras were priced 50 to 80% below market rates; Suvidha sanitary napkins cost one rupee per pad.
The theme highlighted was 'Achi Bhi, Sasti Bhi'; the scheme began in November 2008.

Full notes and 3 MCQs ›

Banking & Finance

Banking & Finance

4. SEBI Warning on Sunshine Global Agro Properties

SEBI warned the public against dealing in properties of Sunshine Global Agro and its directors.
The firm, formerly Sunshine Forestry, ran an unauthorised collective investment scheme and was barred in 2014.
SEBI advised the public to verify ownership records before any property deal linked to the firm.

Full notes and 3 MCQs ›

5. RBI Liquidity Infusion of ₹1.87 Trillion: OMO and Swap

RBI planned a ₹1.87 trillion liquidity infusion to ease financial year-end tightness in the banking system.
It would buy ₹1 trillion of government securities through two ₹50,000 crore OMOs on March 12 and 18.
A $10 billion USD/INR buy-sell swap with 36-month tenor was announced.
Systemic liquidity was in deficit of ₹55,000 crore on March 6, for 11 straight weeks.

Full notes and 3 MCQs ›

Banking & Finance

6. MSME Credit Assessment Model Using Digital Footprints

Finance Minister Nirmala Sitharaman launched the model at a post-Budget interaction in Visakhapatnam.
It lets Public Sector Banks assess MSME credit in-house for both ETB and NTB borrowers.
Inputs include PAN via NSDL, GST data, Account Aggregators, ITR and credit bureau APIs.

Full notes and 3 MCQs ›

Economy

7. India’s Electronics Exports to the US: Market Share and Tariffs

In 2023 India held 1.9% of the US's $520 billion electronics imports.
A Bilateral Trade Agreement is under negotiation to raise electronics exports.
US smartphone tariff is 20% against India's 16.5%; Mexico now faces 25%.

Full notes and 3 MCQs ›

8. Private Investment in India: Why Firms Hold Back Despite Capex

Government capital expenditure rose from 1.67% of GDP in 2019-20 to 3.4% in 2024-25 to spur demand.
Capacity utilisation is about 75%, just above the long-term average, yet private firms stay cautious.
Exports-to-GDP fell from 25% in 2013 to 18.7% in 2019, and is recovering but below peak.

Full notes and 3 MCQs ›

9. Crisil FY26 Growth Forecast: India to Expand 6.5%

Crisil expects 6.5% GDP growth in FY26, led by domestic demand.
Manufacturing may average 9% growth over FY25-FY31 and reach 20% of GDP by FY31.
Food inflation, still high, should ease further in FY26.

Full notes and 3 MCQs ›

International Affairs

International Relations

10. Jaishankar on US-India Ties Under Trump: Key Points

S. Jaishankar spoke at Chatham House, London, on changing U.S.-India dynamics under President Trump.
He said the Trump administration's approach reflects a move towards multipolarity that suits India.
The India-Middle East Europe Corridor (IMEC) came up in Trump's White House meeting with PM Modi.

Full notes and 3 MCQs ›

Science & Technology

Government Schemes

11. AI Kosha: India’s Platform for Non-Personal AI Datasets

AI Kosha is a government repository of non-personal datasets for AI development, with 316 datasets.
It belongs to the Datasets Platform pillar of the IndiaAI Mission (₹10,370 crore).
14,000 GPUs have been commissioned for shared use, against an earlier target of 10,000.

Full notes and 3 MCQs ›

Government Schemes

12. India Semiconductor Mission Phase 2 and the CDIL-Infineon MoU

The Centre has finalised the framework for ISM Phase 2 and is consulting internally before rollout.
The Design Linked Incentive (DLI) scheme will be modified to back more ambitious fabless projects.
CDIL (India) and Infineon (Germany) signed an MoU; Infineon will supply bare die wafers.

Full notes and 3 MCQs ›

Environment & Ecology

Environment & Ecology

13. COP30 Brazil 2025: Agenda and Global Ethical Stocktake

COP30 is scheduled for 10-21 November 2025 in Brazil.
Goals include climate finance of $1.3 trillion a year, tripled renewables and doubled energy efficiency.
January 2025 was the warmest January on record at 13.23°C, per Copernicus.

Full notes and 3 MCQs ›

Defence & Security

International Relations

14. India-Australia Defence Cooperation: CDS Chauhan’s Visit

General Anil Chauhan became the first Indian CDS to visit Australia, hosted in Canberra by Admiral David Johnston.
Focus areas: maritime domain awareness, reciprocal information sharing and deployments from each other's territories.
Cooperation runs under the Comprehensive Strategic Partnership and groupings such as the QUAD.

Full notes and 3 MCQs ›

Defence & Security

15. INSV Tarini: Navika Sagar Parikrama-II Leaves Port Stanley

INSV Tarini left Port Stanley, Falkland Islands, on 5 March for Cape Town on the fourth leg of Navika Sagar Parikrama-II.
The crew is Lt Cdr Dilna K and Lt Cdr Roopa A, both women officers of the Indian Navy.
Built by Aquarius Shipyard, Goa, INSV Tarini was commissioned on 18 February 2017.

Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 7 March 2025, with answers and explanations.