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Daily Current Affairs: 22 May 2025

Current affairs of 22 May 2025: CPEC Extension to Afghanistan and India’s Concerns; India’s Poverty Decline After 2011-12: Paper Shows Slowdown; Mission LiFE Proposed for Inclusion in NAPCC, and 12 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)May 2025

In this issue: 15 topics

National Affairs

Labour Codes and State Reforms: Thresholds, Night Shifts, Gig Workers

Government Schemes

PMAY-Urban Deadline Extended to 31 December 2025

Banking & Finance

Mutual Fund Adoption by Households: SIP Accounts Hit 81.1 Million
IRDAI Fines Acko General Insurance ₹1 Crore
Payments Regulatory Board Regulations 2025 Notified
EnKash Payment Gateway: Unified Gateway for SMBs and Startups
Star Flexi: Star Health’s Three-Variant Add-On Cover
HDFC Bank Biz+ Current Account Suite for MSMEs

International Affairs

CPEC Extension to Afghanistan and India’s Concerns
Chagos Islands treaty signed: UK hands sovereignty to Mauritius

Agriculture & Rural

Small farmers in India: challenges and routes to prosperity

Science & Technology

Financial Fraud Risk Indicator: DoT’s Tool Against Cyber Fraud

Environment & Ecology

Mission LiFE Proposed for Inclusion in NAPCC
Gujarat Lion Population Rises 32% to 891 in 2025 Count

Reports & Indexes

India’s Poverty Decline After 2011-12: Paper Shows Slowdown

National Affairs

Polity & Governance

1. Labour Codes and State Reforms: Thresholds, Night Shifts, Gig Workers

Parliament passed four labour codes in 2019-2020 to replace 29 central labour laws; labour is a Concurrent subject.
20 states/UTs raised the retrenchment approval threshold from 100 to 300 workers; 31 allowed women on night shifts.
The Social Security Code covers gig and platform workers.

Full notes and 3 MCQs ›

Government Schemes

2. PMAY-Urban Deadline Extended to 31 December 2025

PMAY-U completion deadline moved to 31 December 2025 for projects sanctioned up to 31 March 2022.
PMAY-U 2.0 has four verticals: BLC, AHP, ARH and ISS.
The scheme was launched in June 2015 by MoHUA.

Full notes and 3 MCQs ›

Banking & Finance

3. Mutual Fund Adoption by Households: SIP Accounts Hit 81.1 Million

SIP accounts rose to 81.1 million by March 2025 from 63.8 million in April 2024.
SIP inflows reached ₹2.9 trillion, against ₹2 trillion a year earlier.
Passive index fund inflows grew 278% to ₹59,306 crore in FY 2024-25.

Full notes and 3 MCQs ›

Banking & Finance

4. IRDAI Fines Acko General Insurance ₹1 Crore

IRDAI fined Acko General Insurance ₹1 crore.
Violations covered FY 2019-20 and 2020-21.
Breaches involved Section 40(1) of the Insurance Act, 1938.

Full notes and 3 MCQs ›

Polity & Governance

5. Payments Regulatory Board Regulations 2025 Notified

The Centre notified PRB Regulations, 2025, replacing the BPSS.
RBI Governor chairs; three RBI members and three Centre nominees; Governor has casting vote.
The PRB works under the Payment and Settlement Systems Act, 2007, supported by RBI's DPSS.

Full notes and 3 MCQs ›

Banking & Finance

6. EnKash Payment Gateway: Unified Gateway for SMBs and Startups

EnKash launched a payment gateway for over 63 million underserved SMBs and startups.
SMBs face 20-30% failure rates at peak hours.
EnKash was founded in 2018 and holds RBI licences (PAPG, BBPOU, PPI).

Full notes and 3 MCQs ›

Banking & Finance

7. Star Flexi: Star Health’s Three-Variant Add-On Cover

Star Health introduced Star Flexi, a multi-rider add-on to its Super Star health plan.
Three variants: Essential, Preferred and Secure.
Star Health is described as India's largest retail health insurer.

Full notes and 3 MCQs ›

Banking & Finance

8. HDFC Bank Biz+ Current Account Suite for MSMEs

HDFC Bank launched the Biz+ current account suite, a customised banking package for MSMEs.
Accounts match business size and stage; extras include cash management, trade services and digital tools.
MSMEs contribute over 30% to India's GDP and matter for jobs and exports.

Full notes and 3 MCQs ›

International Affairs

International Relations

9. CPEC Extension to Afghanistan and India’s Concerns

China, Pakistan and Afghanistan agreed in Beijing to extend CPEC to include Afghanistan.
CPEC is a roughly 3,000-km corridor linking Xinjiang in China to Pakistan's Gwadar Port, under the Belt and Road Initiative.
India opposes CPEC as it passes through Gilgit-Baltistan in Pakistan-occupied Kashmir.
The Belt and Road Initiative was launched in 2013 and has six economic corridors plus a Maritime Silk Road.

Full notes and 3 MCQs ›

International Relations

10. Chagos Islands treaty signed: UK hands sovereignty to Mauritius

The UK and Mauritius formally signed the Chagos treaty on 22 May 2025.
Sovereignty over the Chagos Archipelago passes to Mauritius; the UK keeps control of Diego Garcia.
Diego Garcia is leased back for 99 years, renewable for an additional 40 years, at about £101 million a year.
The deal takes effect only after both countries ratify it.

Full notes and 3 MCQs ›

Agriculture & Rural

11. Small farmers in India: challenges and routes to prosperity

About 85% of Indian farmers are small and marginal.
Only 7% access MSP and under 30% get institutional credit.
PKVY targets 2 million hectares of organic farming by 2025.

Full notes and 3 MCQs ›

Science & Technology

Banking & Finance

12. Financial Fraud Risk Indicator: DoT’s Tool Against Cyber Fraud

DoT launched the Financial Fraud Risk Indicator (FRI) under its Digital Intelligence Platform.
FRI sorts mobile numbers into Medium, High and Very High risk bands.
PhonePe uses it to block transactions from Very High risk numbers.

Full notes and 3 MCQs ›

Environment & Ecology

Government Schemes

13. Mission LiFE Proposed for Inclusion in NAPCC

Government is considering merging Mission LiFE into the NAPCC.
NAPCC has 8 active missions run by MoEFCC.
Mission LiFE (October 2022) targets 1 billion people between 2022 and 2028.

Full notes and 3 MCQs ›

Environment & Ecology

14. Gujarat Lion Population Rises 32% to 891 in 2025 Count

India's lions, found only in Gujarat, rose 32% between 2020 and 2025 to 891.
Adult females, seen as a pointer to future growth, grew 27% to 330.
The figures came from a Gujarat Forest Department report released on a Wednesday.
The headline noted that the lion range was spreading beyond protected areas.

Full notes and 3 MCQs ›

Reports & Indexes

15. India’s Poverty Decline After 2011-12: Paper Shows Slowdown

Poverty fell from 37% (2004-05) to 22% (2011-12) but only to 18% by 2022-23, finds a new paper.
No official poverty estimates exist after 2011-12.
GDP growth slowed to 5.7% and real rural wage growth to 2.3%.

Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 22 May 2025, with answers and explanations.