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Daily Current Affairs: 6 May 2025

Current affairs of 6 May 2025: Moody’s on India-Pakistan Tensions: Impact on Pakistan; Indigenous Rights and Conservation: FRA, CBD and OECMs; ADB 58th Annual Meeting Milan: India Delegation Led by FM, and 13 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)May 2025

In this issue: 16 topics

National Affairs

World Asthma Day 2025: Theme on Accessible Inhaled Treatments

Banking & Finance

Digital Rupee (e₹): India’s CBDC Explained for Exams
Bhushan Power & Steel Liquidation: Supreme Court Ruling
SME to Mainboard Migrations Fall Sharply After Tighter SEBI Norms
SEBI Investigates Mahadev App Links to FPI and Price Rigging
IndusInd Microfinance Income Gap of ₹600 Crore Probed
MSEI Revival Plan Hit by Sebi Two-Day Expiry Proposal
ABCD App Adds Digital Gold SIP from ₹50 a Week
Zaakpay Gets RBI Online Payment Aggregator Licence

Economy

Moody’s on India-Pakistan Tensions: Impact on Pakistan
ADB 58th Annual Meeting Milan: India Delegation Led by FM
RBI Unwinds Short Dollar Forwards, Uses OMOs to Add Liquidity
SBI Research Sees Up to 125 bps RBI Rate Cuts in FY26
RBI Gold Repatriation Dips in H2 FY25 as Reserve Share Rises

Agriculture & Rural

Genome-edited rice varieties face opposition from GM-free coalition

Environment & Ecology

Indigenous Rights and Conservation: FRA, CBD and OECMs

National Affairs

Health & Social Issues

1. World Asthma Day 2025: Theme on Accessible Inhaled Treatments

World Asthma Day falls on the first Tuesday of May every year.
It is organised by the Global Initiative for Asthma.
The 2025 theme was 'Make Inhaled Treatments Accessible for ALL'.
The day promotes awareness of asthma and proper management of the chronic respiratory condition.

Full notes and 3 MCQs ›

Banking & Finance

Banking & Finance

2. Digital Rupee (e₹): India’s CBDC Explained for Exams

The Digital Rupee (e₹) is the RBI's CBDC, legal tender in digital form.
It earns no interest, has no charges and works 24x7 through wallets.
Wholesale e₹-W has 14 pilot institutions; retail wallets come from 15 pilot banks.

Full notes and 3 MCQs ›

Polity & Governance

3. Bhushan Power & Steel Liquidation: Supreme Court Ruling

Supreme Court held the 2021 resolution plan for Bhushan Power and Steel illegal, leading to liquidation.
RP Mahender Kumar Khandelwal skipped Form H and the Section 29A eligibility check of JSW Steel.
BPSL went insolvent in 2017 after defaulting on ₹47,200 crore.

Full notes and 3 MCQs ›

4. SME to Mainboard Migrations Fall Sharply After Tighter SEBI Norms

Only 1 SME moved to the mainboard in 2025 till 5 May, versus 12 in 2024.
New norms need ₹100 crore revenue and a 3-year gap after SME listing.
SEBI revised the norms in December 2024; NSE tightened them in April 2025.

Full notes and 3 MCQs ›

Banking & Finance

5. SEBI Investigates Mahadev App Links to FPI and Price Rigging

SEBI opened a probe into firms linked to the Mahadev betting app case.
Betting money allegedly entered Indian markets via FPIs in Dubai and Mauritius.
ED has attached assets worth ₹3,002.47 crore.

Full notes and 3 MCQs ›

6. IndusInd Microfinance Income Gap of ₹600 Crore Probed

Auditors flagged a ₹600 crore discrepancy in IndusInd Bank's microfinance interest income, booked in bunches.
EY was engaged for a forensic review, disclosed on 22 April 2025.
Microfinance is 9% of the loan book, ₹32,564 crore at 31 December 2024.

Full notes and 3 MCQs ›

Banking & Finance

7. MSEI Revival Plan Hit by Sebi Two-Day Expiry Proposal

MSEI (formerly MCX-SX) raised ₹238 crore in December 2024 to relaunch with SX40 derivatives.
Sebi's 27 March 2025 paper proposed index expiries only on Tuesdays or Thursdays.
SX40 futures had zero volume on 5 May.

Full notes and 3 MCQs ›

Banking & Finance

8. ABCD App Adds Digital Gold SIP from ₹50 a Week

Aditya Birla Capital Digital Ltd launched a Digital Gold SIP on its ABCD Mobile App.
Minimum SIP is ₹50 weekly or ₹100 monthly.
24-karat gold sits in insured vaults managed by MMTC-PAMP.

Full notes and 3 MCQs ›

Banking & Finance

9. Zaakpay Gets RBI Online Payment Aggregator Licence

Zaakpay, MobiKwik's business payments arm, got final RBI approval to operate as an Online Payment Aggregator.
It supports over 100 payment methods, including UPI, cards, net banking, wallets and EMI.
MobiKwik shares slipped 0.99% to ₹249.95 on 2 May 2025, blamed on a broader market fall.

Full notes and 3 MCQs ›

Economy

10. Moody’s on India-Pakistan Tensions: Impact on Pakistan

Moody's said rising India-Pakistan tensions will hurt Pakistan's economy and its access to outside financing.
Pakistan's forex reserves were $15.25 billion; its $7 billion IMF bailout came in September 2024.
Moody's projected India's 2025 GDP growth at 5.5% to 6.5%.
Higher defence spending could slow India's fiscal consolidation.

Full notes and 3 MCQs ›

11. ADB 58th Annual Meeting Milan: India Delegation Led by FM

Nirmala Sitharaman headed India's team at the ADB governors' 58th yearly meeting, held in Milan.
Ministers of State in the finance ministry named: Pankaj Chaudhary and Bhagwat Kishanrao Karad.
ADB was founded in 1966 and is headquartered in Mandaluyong, Metro Manila, Philippines.

Full notes and 3 MCQs ›

12. RBI Unwinds Short Dollar Forwards, Uses OMOs to Add Liquidity

RBI resumed unwinding short dollar forwards; the net book up to 1 year fell to $64.2 billion in March 2025.
OMO purchases of ₹2.5 trillion in 2025 offset the liquidity drain.
The rupee gained 4.38% from its record low of ₹87.95 per dollar (Feb 10, 2025).

Full notes and 3 MCQs ›

13. SBI Research Sees Up to 125 bps RBI Rate Cuts in FY26

SBI Research saw up to 125 bps of RBI rate cuts in FY26: 75 bps in H1, 50 bps in H2.
March CPI inflation was 3.34%, a multi-year low; repo rate stood at 6.25%.
RBI was expected to run ₹1.25 trillion of OMOs in May 2025.

Full notes and 3 MCQs ›

14. RBI Gold Repatriation Dips in H2 FY25 as Reserve Share Rises

RBI repatriated just 1.53 tonnes of gold from September 2024 to March 2025, versus 102.1 tonnes in H1 FY25.
Gold reserves were 879.6 tonnes at March-end 2025; 512 tonnes held domestically.
Gold's forex reserve share rose to 11.70% from 9.32%.

Full notes and 3 MCQs ›

Agriculture & Rural

Agriculture & Rural Development

15. Genome-edited rice varieties face opposition from GM-free coalition

The Coalition for GM-Free India wants two genome-edited rice varieties withdrawn.
The varieties are Kamala (DRR Dhan 100) and Pusa DST Rice 1.
It says SDN-1 and SDN-2 editing was deregulated without safety tests.

Full notes and 3 MCQs ›

Environment & Ecology

Polity & Governance

16. Indigenous Rights and Conservation: FRA, CBD and OECMs

Fortress conservation has displaced 10-20 million people worldwide and at least 6 lakh in India.
The Kunming-Montreal framework (2022) has 23 targets including '30 by 30'; CBD COP-16 created a permanent IPLC subsidiary body.
The Forest Rights Act 2006 recognises 13 categories of rights and empowers gram sabhas over community forest resources.
FRA could protect 4 crore hectares of forest without dispossessing communities.

Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 6 May 2025, with answers and explanations.