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CURRENT AFFAIRS: BANKING & FINANCE

Indian National Space Promotion and Authorisation Centre appoints Small Industries Development Bank of India Venture Capital to manage Rs 1,000 crore spacetech fund

• The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has appointed Small Industries Development Bank of India (SIDBI) Venture Capital Limited (SVCL), a wholly owned subsidiary of the Small Industries Development Bank of India (SIDBI), to manage a ₹1,000 crore venture capital fund aimed at supporting space technology startups in India.
• The total fund size is ₹1,000 crore, distributed over five years, with ₹150 crore allocated for 2025-26, ₹250 crore annually for the next three years, and ₹100 crore for 2029-30.
• Growth-stage startups are eligible for funding between ₹10 crore to ₹30 crore, while late-stage startups can receive between ₹30 crore to ₹60 crore.
• The fund aims to support around 40 startups across the space supply chain, including upstream, midstream, and downstream sectors.
• It is designed to help expand India's space economy fivefold over the next decade, targeting a $44 billion market by 2033.
• By providing essential capital, the initiative is expected to enable startups to scale operations, invest in research and development, and expand their workforce, strengthening India’s position in the global space sector.

Recent News:

• In March 2025, to strengthen the MSME textile and garment industry, the Small Industries Development Bank of India (SIDBI) signed two key memorandums of understanding (MoUs) with the Clothing Manufacturers' Association of India (CMAI) and the Sachin Industrial Co-operative Society.

About Small Industries Development Bank of India (SIDBI):

• It is an All India Development Financial Institution (DFI) focused on financing and developing Micro, Small, and Medium Enterprises (MSMEs) in India.
• Headquarters: Lucknow, Uttar Pradesh
• Founded: April 2, 1990, by the Government of India
• Chairman & Managing Director: Shri Manoj Mittal

CURRENT AFFAIRS: NATIONAL NEWS

Samarthya 2025: National Competition on Corporate Rescue Strategies Inaugurated by Indian Institute of Corporate Affairs

• The Indian Institute of Corporate Affairs (IICA) inaugurated Samarthya: National Competition on Corporate Rescue Strategies 2025, at its Manesar, Haryana
• The event, held on March 22-23, 2025, provides students with a dynamic platform to develop innovative corporate turnaround strategies for financially distressed businesses.

Key Highlights of the Event

Objective & Structure

• Focuses on practical learning in corporate rescue strategies.
• Participants analyze financial statements, devise rescue strategies, and present solutions to an expert panel.
• Offers networking opportunities with insolvency professionals, legal experts, and business leaders.
• Provides industry exposure and expert feedback to participants.

Khadi and Village Industries Commission Organizes Special Exhibition & Toolkit Distribution Program in Delhi

• The Khadi and Village Industries Commission (KVIC), under the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India, organized a special exhibition and toolkit distribution program at ‘Khadi and Village Industries Bhawan’, Sector-3, Rohini, Delhi.

Key Highlights of the Event

• Chief Guest: Shri Manoj Kumar (KVIC Chairman).
• Other Dignitaries:
  • Shri Nagendra Raghuvanshi (KVIC North Zone Member).
  • Shri Manoj Kumar Singh (KVIC East Zone Member).
• Attendees: Representatives of Khadi institutions, beneficiaries of Gramodyog Vikas Yojana, Khadi workers, officials, and employees of Delhi Government and KVIC.

Major Initiatives & Announcements

1. Special Exhibition of Khadi

• 45 stalls showcased products from 11 Khadi entrepreneurs and 30 PMEGP entrepreneurs.
• Participation from multiple states including Bihar, Uttar Pradesh, Maharashtra, Punjab, Rajasthan, Haryana, and Delhi.

2. Toolkit Distribution under Gramodyog Vikas Yojana

• 40 potters received electric potters’ wheels.
• 20 artisans each received toolkits for electricians, plumbers, and mobile repairers.
• 10 artisans each received leather machines and masala-making toolkits.

3. Training Certificate Distribution

• 115 beneficiaries trained at the Multi-Disciplinary Training Centre (MDTC), Delhi received certificates.

Chairman KVIC’s Address & Key Announcements

• Khadi Wage Hike:
  • From April 1, 2025, Khadi artisans’ wages will be increased by 20%.
  • Spinners will now receive ₹15 per hank on the charkha.
  • Over 11 years, the Modi government has raised Khadi artisans' wages by 275%.
• ‘New Khadi of New India’ Vision:
  • Inspired by PM Narendra Modi, Khadi is now recognized as “Khadi for Nation, Khadi for Fashion, Khadi for Transformation”.
  • PM Modi’s ‘Brand Shakti’ has led to a historic increase in Khadi’s sales and production.
• Khadi for Fashion & Khadi Renaissance:
  • Promoted during Bharat Tex-2025 at Bharat Mandapam, Delhi.
  • Khadi fashion shows are organized in Nagpur, Pune, Vadodara, Chennai, Jaipur, and Prayagraj to attract the younger generation.

Khadi & Village Industries Achievements

• ₹12.02 crore worth of Khadi products sold during Prayagraj Mahakumbh.
• In FY 2024-25, total Khadi and Village Industries production reached ₹1,08,297 crore, with sales of ₹1,55,673 crore.
• Over 1.87 crore jobs were created in the last decade, including 10.17 lakh new jobs in 2024.
• More than 10 lakh new projects under PMEGP, providing employment to 88 lakh people.

Government Revises Micro, Small, and Medium Enterprises Investment & Turnover Criteria (Effective April 1, 2025)

• The Government of India has revised the classification criteria for Micro, Small, and Medium Enterprises (MSMEs) by increasing investment and turnover limits, effective April 1, 2025.
• This move aims to enhance business growth, expand MSME benefits, and improve access to credit and incentives.

Key Highlights

Revised MSME Classification

• Purpose: To facilitate ease of doing business, broaden MSME eligibility, and boost economic growth.
• Investment limits increased by 2.5 times; turnover limits doubled.

CURRENT AFFAIRS: INTERNATIONAL

North Korea successfully test-fires surface-to-air missile

• North Korea has successfully test-fired its latest surface-to-air missile system, as reported by state media.
• The test was conducted under the supervision of North Korean leader Kim Jong-un, who oversaw the launch and expressed satisfaction with its performance.
• The missile system, recently put into full-scale production, was tested to evaluate its comprehensive performance, and North Korea claimed it demonstrated fast response capabilities and high reliability.
• Photos released by North Korean state media showed the missile hitting a target and exploding.
• Kim Jong-un praised the research and defense industry teams for strengthening the country’s military capabilities.
• South Korea’s military detected multiple surface-to-air missile launches in real-time from the western port city of Nampho and is analyzing the event further.
• Reports suggest that North Korea may have used a cruise missile as a mid-air target for the test.
• The missile test coincided with the conclusion of the annual Freedom Shield military exercise conducted by South Korea and the United States.
• North Korea has historically viewed such joint drills as rehearsals for invasion and often responds with military tests.
• However, this year, it did not conduct major provocations.
• South Korea has warned against any further actions from North Korea, emphasizing the potential security risks posed by the regime’s missile developments.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Justice Harish Tandon to take oath as Chief Justice of Orissa High Court on March 26

• The swearing-in-ceremony of Calcutta High Court Judge Justice Harish Tandon as the Chief Justice of Orissa High Court.
• Odisha Governor Dr. Hari Babu Kambhampatiwill administer the oath of the office to the Chief Justice-designate at the eastern side lawn (Old Building) of High Court of Orissa in Cuttack.
• It is to be noted here that on the recommendation of the Supreme Court Collegium, President Droupadi Murmu has appointed Justice Harish Tandon as the new Orissa High Court Chief Justice, which remained vacant since January 19 after Justice Chakradhari Sharan Singh retired from the Odisha High Court.
• Since then, Justice Arindam Sinha has been performing the duties as the acting Chief Justice.

About Harish Tandon:

• Justice Harish Tandon is currently the seventh senior-most High Court Judge in India.
• Justice Tandon was born on November 16, 1964.
• After graduating from the University of Calcutta in 1983, he obtained his LLB degree from the same university in
• He is an expert in handling civil cases.
• He was appointed as a judge of the Calcutta High Court on 13 April 2010.
• Since then, he has served as a judge of the Calcutta High Court and has delivered many landmark judgments.

Shri Ashok Singh Thakur elected as Chairman of Indian National Trust for Art and Cultural Heritage

• The AGM of the Indian National Trust for Art and Cultural Heritage (INTACH) was held on 22nd March 2025 at the Head Office in New Delhi.
• The elections were held successfully for the post of Chairman and Governing Council members.
• After following due procedure, the results were declared, and Shri Ashok Singh Thakur was elected as Chairman for a period of three years.

About INTACH:

• INTACH was founded on 27th January 1984 and is registered under the Societies Registration Act (1860).
• Its mandate includes heritage conservation, environmental preservation, and raising awareness about India’s cultural heritage.
• It also provides financial and technical support for preservation efforts and cultural initiatives.
• The INTACH Charter, adopted in 2004, serves as a guiding document for heritage conservation.
• Recognizing the evolving nature of heritage, INTACH is currently revising the Charter to incorporate an interdisciplinary approach, ensuring it covers all aspects of tangible, intangible, natural, and cultural heritage.

CURRENT AFFAIRS: DEFENCE NEWS

Tavasya: New indigenous frigate launched to boost India's naval power

• Goa Shipyard Limited (GSL) launched Tavasya, the second frigate under Project 1135.6 Additional Follow-on Ships, marking a major step in India's naval self-reliance.
• Tavasya is named after the legendary mace of Bhima from the Mahabharata and symbolizes the indomitable spirit and growing strength of the Indian Navy.
• The Ministry of Defence signed the contract with GSL in January 2019 for two
• The first frigate, Triput, was launched on July 24, 2023.
• The frigates are approximately 125 meters long, with a draught of 4.5 meters and a displacement of around 3,600 tons.
• They can achieve a maximum speed of 28 knots and are equipped with stealth capabilities, advanced weapons, sensors, and platform management systems.
• These frigates are designed for surface, sub-surface, and air combat operations.
• Built under the Aatmanirbhar Bharat initiative, Triput and Tavasya feature a high percentage of indigenous equipment, promoting domestic defence production.
• This effort enhances India’s defence capabilities and generates significant employment.

13th edition of India-Italy Military Cooperation Group meeting concludes in Rome

• The military officials of India and Italy held discussions on expanding the scope of military-focused cooperation during the 13th edition of the India-Italy Military Cooperation Group (MCG) meeting, conducted from 20-21 March in Rome, Italy.
• The meeting focused on identifying new avenues for bilateral military cooperation, including enhanced exchange programs, capability development, and strengthening collaboration between the Indian and Italian armed forces.
• Ongoing defence engagements were reviewed, with an emphasis on optimizing future interactions.
• The meeting was co-chaired by the Deputy Assistant Chief of Integrated Defence Staff IDC (A) from Headquarters Integrated Defence Staff (HQ IDS), India, and the Deputy Head of the Strategic Direction and Military Cooperation Division of the Italian Defence General Staff, Italy.
• The MCG serves as an institutional mechanism to enhance defence cooperation between the two nations, fostering stronger military-to-military engagements and strategic collaboration.
• The defence ties between India and Italy continue to strengthen through ongoing initiatives and expanded cooperation.

23rd edition of Indo-French Varuna Naval Exercise 2025 commences

• This is a detailed overview of the Indo-French bilateral and multinational military exercises, with a focus on the 23rd Varuna Exercise being held in the Arabian Sea from 19-22 March 2025.
• The 22nd edition took place in the Mediterranean Sea from 2-4 September 2024.
• The first India-France maritime exercise began in 1991, and in 2001, it was renamed Varuna.

Participants

• India: Carrier Strike Group based around INS Vikrant, including fighter aircraft, destroyers, frigates, and an Indian-made Scorpene-class submarine.
• France: Carrier Strike Group based around Charles De Gaulle, under the command of ALINDIEN (French Armed Forces in the Indian Ocean).

Objectives

• Strengthen defence ties between India and France.
• Improve interoperability between the two navies.
• Conduct mock anti-submarine warfare to test underwater defence.
• MIG 29K vs. Rafale-M dogfighting to enhance tactical capabilities.

Indo-French Military Exercises

• Bilateral Exercises
• Naval: Varuna (since 2001, annual).
• Land: Frinjex (first held in 2023, Kerala), Shakti (since 2011, biennial).
• Air: Garuda (since 2003, biennial).
• Multinational Exercises
• ORION: French Air Force exercise (IAF participated in 2023).
• Tarang Shakti: Largest IAF-hosted air exercise (Aug-Sep 2024, France participated).
• La Pérouse: French Navy-hosted maritime exercise (India participated in March 2023).

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

Japan’s Space Debris Firm Astroscale To Tie Up With India’s Digantara, Bellatrix Aerospace

• Japan’s Astroscale, a specialist in orbital debris removal, has partnered with Bengaluru-based Digantara and Bellatrix Aerospace.
• The collaboration aims to offer on-orbit servicing technology for Indian clients within 1-2 years.
• This marks Astroscale’s first operational venture in Asia-Pacific beyond Japan.

Why India?

• India’s expanding space sector and recent liberalization have made it an attractive market for Astroscale.
• The government has allocated ₹10 billion ($116 million) to support private space startups.
• India’s growing private space ecosystem is seen as a major opportunity.

About Astroscale:

• Digantara provides space situational awareness services, tracking orbital debris and working with S. defense agencies.
• Bellatrix Aerospace develops satellite propulsion systems for commercial and defense applications.
• Astroscale will initially serve Indian government clients before expanding to private players.
• Astroscale is also engaged in debris removal missions with JAXA, U.S. Space Force, and agencies in Britain and France.
• The move aligns with increasing India-Japan space cooperation, ahead of upcoming bilateral "space dialogue" talks in Tokyo.

CURRENT AFFAIRS: ACQUISITION & MERGERS

Reliance Industries Acquires 100% Equity in Nauyaan Tradings

• ​Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has acquired 100% equity in Nauyaan Tradings Private Limited (NTPL) for ₹100,000 from Welspun Tradings Limited, a subsidiary of Welspun Corp Limited.
• This acquisition, effective March 20, 2025, makes NTPL a step-down wholly owned subsidiary of ​
• Subsequently, NTPL entered into a share purchase agreement to acquire a 74% equity stake in Nauyaan Shipyard Private Limited (NSPL) from Welspun Corp for ₹382.73 crore, subject to adjustments for expenses and net current assets.
• These strategic acquisitions align with RIL's expansion into green energy initiatives, particularly in the hydrogen sector.
• The transaction is expected to be completed by March 21, 2025.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Bharat Petroleum Corporation Limited Signs Memorandum of Understanding for World’s First Hydrogen-Fuelled Vertical Take-off and Landing Aircraft Ecosystem

• Bharat Petroleum Corporation Limited (BPCL) has signed a quadripartite Memorandum of Understanding (MoU) with BluJ Aerospace, the Agency for New and Renewable Energy Research and Technology (ANERT), Kerala, and Cochin International Airport Limited to develop the first hydrogen-powered Vertical Take-off and Landing (VTOL) aircraft ecosystem globally.

Key Highlights

Objective & Significance

• Supports India’s Net Zero emissions goal by 2070.
• Aims to revolutionize urban and regional air mobility using green hydrogen-powered VTOL aircraft.
• Enhances speed, reduces noise, improves efficiency, and cuts down carbon emissions.

Role of BPCL

• Hydrogen Refuelling Infrastructure: BPCL will set up Hydrogen Refuelling Stations in Kochi and Thiruvananthapuram.
• R&D in Hydrogen Technology: Developing an Indigenous Proton Exchange Membrane (PEM) Hydrogen Fuel Cell with high power density for VTOL aircraft.
• Advancing Hydrogen Ecosystem: These efforts will contribute to India’s hydrogen technology capabilities and promote clean energy aviation solutions.

RECENT NEWS

• Bharat Petroleum Corporation Limited (BPCL) has taken a significant step toward sustainable energy with the inauguration of its floating solar power plant at the Kochi Refinery. The project was formally inaugurated by Chief Secretary Sarada Muraleedharan on Friday, March 22, 2025.

Garden Reach Shipbuilders & Engineers Signs Memorandum of Understanding with PWD Nagaland for Modular Steel Bridges

• Garden Reach Shipbuilders & Engineers (GRSE) saw a 3.23% surge in stock price to ₹1,694.15 after signing a Memorandum of Understanding (MoU) with PWD Nagaland for the supply of eight double-lane modular steel bridges in the state.

Key Highlights

Strategic Importance of the MoU

• First-ever MoU between GRSE and a North Eastern state.
• Supports the "Make in India" initiative for regional development.
• Aims to enhance infrastructure connectivity in Nagaland.

GRSE’s Track Record in Modular Bridges

• Supplied 5,800+ modular bridges to various agencies, including:
  • Border Roads Organisation (BRO)
  • National Highway Infrastructure Development Corporation Ltd (NHIDCL)
  • State Governments
  • International partners (Bhutan, Nepal, Myanmar, Sri Lanka, Bangladesh).

Company Overview & Financial Performance

• State-run entity, primarily builds warships and vessels for the Indian Navy & Coast Guard.
• Diversified portfolio includes steel bridges, deck machinery, and marine diesel engine services.
• Financials (Q3 FY25 vs. Q3 FY24):
  • Net Profit: ₹98.19 crore (↑11.26%).
  • Revenue from Operations: ₹1,271 crore (↑37.69%).
• Government of India holds 74.50% stake in GRSE.

RECENT NEWS

• The Nagaland Forest Management Project (NFMP) has been honored with the SKOCH Award 2024, a prestigious recognition that celebrates outstanding contributions to national development. The award was presented during the 100th SKOCH Summit held at the India Habitat Centre in New Delhi on February 15, 2025.

CURRENT AFFAIRS: OBITUARY

American Boxing legend George Foreman passed away at 76

• Boxing legend George Foreman, one of the sport’s most iconic and influential figures, passed away at the age of 76.
• Foreman, a two-time heavyweight champion, first rose to prominence by winning a gold medal at the 1968 Olympics before going on to become a Hall of Fame inductee.
• One of his most memorable moments came in 1974 when he faced Muhammad Ali in the legendary Rumble in the Jungle in Zaire.
• Despite being the favorite, Foreman suffered a stunning eighth-round knockout loss in what is widely regarded as the most famous boxing match of all time.
• The fight was later immortalized in the Oscar-winning documentary When We Were Kings.
• Following his defeat to Ali, Foreman continued his career, securing notable victories, including a fifth-round TKO against Joe Frazier, whom he had previously beaten in two rounds to win his first heavyweight title.
• He also delivered a thrilling knockout against Ron Lyle.

About George Foreman:

• At the age of 28, Foreman shocked the world by announcing his retirement, choosing to become an ordained minister in his home state of Texas.
• A decade later, in 1987, Foreman made an unlikely return to the ring at the age of 38.
• In 1991, he went toe-to-toe with Evander Holyfield for the heavyweight championship, pushing the younger champion to the limit before ultimately losing a decision.
• Foreman’s defining moment came in 1994 when, at the age of 45, he knocked out Michael Moorer with a stunning two-punch combination to reclaim the heavyweight title.
• He became the oldest world champion in boxing history, a record that stood for two decades.
• Following his retirement from the sport, Foreman worked as a boxing analyst for HBO.
• Foreman’s final fight came in 1997, a majority-decision loss to Shannon Briggs.
• Despite stepping away from boxing, his influence remained strong.
• Recognized as one of the hardest punchers in history, The Ring ranked him ninth on their list of greatest punchers of all time.
• In 2002, he was named one of the top 25 boxers of the past 80 years.

CURRENT AFFAIRS: IMPORTANT DAYS

International Day for the Right to the Truth (March 24)

• The International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims is observed every year on March 24.
• Purpose : This day highlights the fundamental human right to the truth, particularly in cases involving gross human rights violations and breaches of humanitarian law.

Key Highlights

Observance of March 24

• Established to raise awareness and advocate for truth, justice, and victims' dignity.
• Pays tribute to Monsignor Óscar Arnulfo Romero, assassinated on March 24, 1980, for condemning human rights abuses in El Salvador.
• Encourages governments and international organizations to strengthen efforts in truth-seeking and justice.

Purpose of the Observance

• Honors victims of gross and systematic human rights violations.
• Recognizes activists and defenders committed to justice and truth.
• Pays tribute to Archbishop Óscar Romero, a leading voice against violence, oppression, and injustice.

Background and Recognition

• Established by the UN General Assembly on December 21, 2010.
• Commemorates Archbishop Romero’s assassination on March 24, 1980.
• A 2006 UN study affirmed the right to the truth as a fundamental, autonomous human right.
• A 2009 UN report emphasized best practices for protecting archives, records, and witnesses in human rights trials.

International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2025: March 25

• On March 25^th, International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2025 is celebrated all over the world.
• Purpose : It is an international event that is celebrated annually on March 25th every year is intended to inscribe the tragedy of the slave trade in the memory of all peoples.

History:

• International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is a United Nations international observance designated in 2007 to be marked on 25 March every year.
• The day honors and remembers those who suffered and died as a consequence of the transatlantic slave trade, which has been called “the worst violation of human rights in history”, in which over 400 years more than 15 million men, women, and children were the victims.

International Day of the Unborn Child: March 25

• On March 25^th, International Day of the Unborn Child 2025 is celebrated all over the world.
• It is an international event that is observed annually all over the world on March 25th each year.
• Purpose : It is the commemoration of unborn fetuses observed as a day of opposition to abortion.

History 

• International Day of the Unborn Child was established by Pope John Paul II to coincide with the Feast of the Annunciation and is officially recognized in several predominantly Catholic countries. John Paul II viewed the day as "a positive option in favor of life and the spread of a culture for life to guarantee respect for human dignity in every situation".
• El Salvador was the first country to recognize a Day of the Right to Be Born, which was established in 1993.
• Other countries followed suit, with Argentina declaring the Day of the Unborn in 1998, Chile declaring the Day of the Conceived and Unborn in 1999, Guatemala declaring the National Day of the Unborn, and Costa Rica declaring the National Day of Life Before Birth in 2000.
• Nicaragua, the Dominican Republic, Peru, Paraguay, the Philippines, Honduras, Ecuador, and Puerto Rico began commemorating the Day of the Unborn Child in 2000, 2001, 2002, and 2003, respectively.
• In 2013, Chile began commemorating the Day of the Unborn Child and Adoption.
• The Knights of Columbus have embraced the promotion of the International Day of the Unborn Child.

Daily CA One- Liner: March 25

• The Indian Institute of Corporate Affairs (IICA) inaugurated Samarthya: National Competition on Corporate Rescue Strategies 2025, at its Manesar, Haryana campus
• The Khadi and Village Industries Commission (KVIC), under the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India, organized a special exhibition and toolkit distribution program at ‘Khadi and Village Industries Bhawan’, Sector-3, Rohini, Delhi.
• The Government of India has revised the classification criteria for Micro, Small, and Medium Enterprises (MSMEs) by increasing investment and turnover limits, effective April 1, 2025.
• Bharat Petroleum Corporation Limited (BPCL) has signed a quadripartite Memorandum of Understanding (MoU) with BluJ Aerospace, the Agency for New and Renewable Energy Research and Technology (ANERT), Kerala, and Cochin International Airport Limited to develop the first hydrogen-powered Vertical Take-off and Landing (VTOL) aircraft ecosystem globally.
• Garden Reach Shipbuilders & Engineers (GRSE) saw a 3.23% surge in stock price to ₹1,694.15 after signing a Memorandum of Understanding (MoU) with PWD Nagaland for the supply of eight double-lane modular steel bridges in the state
• The International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims is observed every year on March 24.
• The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has appointed SIDBI Venture Capital Limited (SVCL), a wholly owned subsidiary of the Small Industries Development Bank of India (SIDBI), to manage a ₹1,000 crore venture capital fund aimed at supporting space technology startups in India.
• North Korea has successfully test-fired its latest surface-to-air missile system, as reported by state media.
• The swearing-in-ceremony of Calcutta High Court Judge Justice Harish Tandon as the Chief Justice of Orissa High Court.
• The AGM of the Indian National Trust for Art and Cultural Heritage (INTACH) was held on 22nd March 2025 at the Head Office in New Delhi.
• Goa Shipyard Limited (GSL) launched Tavasya, the second frigate under Project 1135.6 Additional Follow-on Ships, marking a major step in India's naval self-reliance.
• The military officials of India and Italy held discussions on expanding the scope of military-focused cooperation during the 13th edition of the India-Italy Military Cooperation Group (MCG) meeting, conducted from 20-21 March in Rome, Italy.
• This is a detailed overview of the Indo-French bilateral and multinational military exercises, with a focus on the 23rd Varuna Exercise being held in the Arabian Sea from 19-22 March 2025.
• Japan’s Astroscale, a specialist in orbital debris removal, has partnered with Bengaluru-based Digantara and Bellatrix Aerospace.
• Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has acquired 100% equity in Nauyaan Tradings Private Limited (NTPL) for ₹100,000 from Welspun Tradings Limited, a subsidiary of Welspun Corp Limited.
• Boxing legend George Foreman, one of the sport’s most iconic and influential figures, passed away at the age of 76.
• On March 25^th, International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2025 is celebrated all over the world.
• On March 25^th, International Day of the Unborn Child 2025 is celebrated all over the world.