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CURRENT AFFAIRS: BANKING & FINANCE

Punjab & Sind Bank Wins Top Improvers Award in EASE 6.0 Reforms Index

• Punjab & Sind Bank has been honored with the Top Improvers award in the EASE 6.0 Reforms Index, recognizing its significant progress in banking services and operational efficiency.
• The EASE 6.0 Reforms Index, part of the government’s Enhanced Access & Service Excellence (EASE) initiative, evaluates public sector banks (PSBs) on digital transformation, customer-centric services, and financial inclusion.
• Punjab & Sind Bank’s remarkable improvements in these areas set it apart in this year’s assessment.
• Swarup Kumar Saha, Managing Director & CEO, congratulated the entire Punjab & Sind Bank team on this achievement.
• With over three decades of banking experience, including his tenure as Executive Director at Punjab National Bank (PNB) since March 10, 2021, Saha has played a key role in driving digital innovation and customer service excellence.
• The Top Improvers award highlights Punjab & Sind Bank’s commitment to modernization and excellence in the Indian banking sector.

About Punjab & Sind Bank (PSB):

• Founded: 1908
• Headquarters: New Delhi, India
• Managing Director & CEO: Swarup Kumar Saha
• Tagline: "Where Service Is A Way of Life"

Reserve Bank of India revises priority sector lending guidelines, new rules effective from April 1, 2025

• The Reserve Bank of India (RBI) has issued revised guidelines on Priority Sector Lending (PSL) to enhance the targeting of bank credit to key sectors of the economy.
• The new guidelines will take effect from April 1, 2025.

Key Changes:

• Enhanced loan limits for housing loans under PSL coverage.
• Broadened criteria for classifying loans under renewable energy.
• Increased PSL target for urban cooperative banks (UCBs) to 60% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposures (CEOBSE), whichever is higher.
• Expanded list of eligible borrowers under 'Weaker Sections'.
• Removal of cap on loans by UCBs to individual women beneficiaries.

Housing Loan Limits for PSL Classification:

• ₹50 lakh for centres with a population of 50 lakh and above.
• ₹45 lakh for centres with a population of 10 lakh to below 50 lakh.
• ₹35 lakh for centres with a population below 10 lakh.
• The maximum cost of dwelling units has been specified for each category.

Renewable Energy Loan Limits for PSL Classification:

• Up to ₹35 crore for borrowers investing in renewable energy-based power generation and public utilities.
• Up to ₹10 lakh per individual household borrower.

Categories under Priority Sector Lending:

• Agriculture
• Micro, Small & Medium Enterprises (MSMEs)
• Export Credit
• Education
• Housing
• Social Infrastructure
• Renewable Energy

Recent News:

• As of March 2025, the Reserve Bank of India (RBI) has set the interest rate for the Government of India Floating Rate Bond 2033 (GOI FRB 2033) at 8.34% per annum for the six months from March 22, 2024, to September 21, 2024.

About RBI :

• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Sanjay Malhotra

CURRENT AFFAIRS: NATIONAL NEWS

New Pamban Rail Bridge to be Inaugurated by Indian Prime Minister Narendra Modi on April 6, 2025

• Indian Prime Minister Narendra Modi will inaugurate the new Pamban rail bridge on April 6, 2025, coinciding with Ram Navami.
• The bridge, built at a cost of ₹531 crore, will improve connectivity between Ramanathapuram and Rameswaram Island.

Key Highlights

• Date of Inauguration: April 6, 2025 (Ram Navami)
• Location: New Pamban Rail Bridge (Ramanathapuram – Rameswaram Island)
• Construction Cost: ₹531 crore
• Prime Minister’s Schedule:
  • Inauguration of the bridge
  • Flagging off a new train service between Tambaram and Rameswaram
  • Public address in Rameswaram

Inspection & Safety

• Southern Railway General Manager R.N. Singh inspected the bridge on March 26, 2025.
• Successful test lifting of the central span has been conducted.

Old Pamban Rail Bridge

• The existing bridge is deteriorated and cannot be preserved entirely.
• It will be dismantled, with certain parts preserved as heritage.

Rameswaram Railway Station Redevelopment

• The project is expected to be completed by September 2025.

India Post Releases Commemorative Stamp Honoring Mata Karma

• The Department of Posts, Government of India, has issued a Commemorative Postage Stamp in honor of Mata Karma, a revered saint, social reformer, and devotee of Lord Krishna, on her 1009th Birth Anniversary.

Key Highlights of the Event

• Chief Guest: Shri Vishnu Deo Sai, Chief Minister of Chhattisgarh
• Other Dignitaries:
  • Shri Tokhan Sahu, Union Minister of State for Housing & Urban Affairs
  • Members of Chhattisgarh Legislative Assembly
  • Representatives from Akhil Bhartiya Tailik Mahasabha

Mata Karma’s Legacy

• A devoted follower of Lord Krishna, known for her faith, courage, and selfless service
• Initiated the tradition of offering khichdi at Jagannath Temple, Puri, which continues to be a part of temple rituals
• Advocated social harmony, women’s empowerment, and fought against social evils like untouchability

Significance of the Commemorative Stamp

• Depicts Mata Karma offering khichdi to Lord Krishna, with Jagannath Temple in the background
• Recognizes her contributions to religious devotion and social reform
• Aims to preserve her legacy for future generations

Availability

• Stamp, First Day Cover (FDC), and Information Brochure available at Philately Bureaus across India
• Online purchase at epostoffice.gov.in

3rd Edition of Sourcex India 2025 Inaugurated at Yashobhoomi Convention Centre, New Delhi, with Support from Federation of Indian Export Organisations and Ministry of Commerce & Industry

• The Federation of Indian Export Organisations (FIEO), with support from the Ministry of Commerce & Industry, Government of India, inaugurated the 3rd edition of Sourcex India 2025 at the Yashobhoomi Convention Centre, New Delhi.

Key Highlights of the Event

• Chief Guest: Shri Santosh Kumar Sarangi, Director General of Foreign Trade (DGFT), Government of India
• Organizers: FIEO (Federation of Indian Export Org anisations)
• Support: Ministry of Commerce & Industry, Government of India
• Venue: Yashobhoomi Convention Centre, New Delhi
• Global Participation: 150+ international buyers from 45+ countries

International & Domestic Participation

• 150+ buyers from 45+ countries, including:
  • Africa, CIS, EU, LAC, NAFTA, NEA, Oceania, South Asia, SEA, and WANA
• Indian exporters across various sectors, including:
  • Food & Beverages
  • Health & Beauty
  • FMCG & FMCD
  • Apparel & Garments
  • Textiles & Home Decor
  • E-Commerce Services & Logistics
• Special Showcase: 10 National Award-winning artisans supported by the Ministry of Textiles

CURRENT AFFAIRS: INTERNATIONAL NEWS

International Monetary Fund Gives Initial Approval for $2 Billion Loans for Pakistan

• Pakistan and the International Monetary Fund (IMF) have successfully concluded negotiations, leading to a staff-level agreement, as reported by the media.
• The agreement provides Pakistan access to up to $1 billion under the Extended Fund Facility (EFF) and introduces a new 28-month Resilience and Sustainability Facility (RSF), granting an additional $1.3 billion (SDR 1 billion).
• The IMF delegation, led by Nathan Porter, held discussions in Karachi and Islamabad from 24 February to 14 March 2025, later continuing negotiations virtually.
• Pending approval by the IMF Executive Board, Pakistan is set to receive $1.0 billion (SDR 760 million) under the EFF, bringing total disbursements under the programme to $2.0 billion.
• Despite economic challenges, Pakistan has made significant progress in restoring macroeconomic stability over the past 18 months.
• The IMF report highlights that inflation has dropped to its lowest level since 2015, and the overall economic outlook has improved, with further positive developments anticipated.
• The IMF emphasised that Pakistan’s economic reform agenda is on track, with the government committed to:
• Gradually reducing the fiscal deficit
• Maintaining sustainable public debt levels
• Curbing inflation through stringent monetary policies
• Additionally, reforms in the energy sector are being introduced to lower costs and enhance stability, while the government accelerates broader economic reforms to drive growth.
• Under the RSF agreement, Pakistan will receive support for:
• Strengthening resilience against natural disasters
• Enhancing budget and investment planning for climate change
• Efficient water resource management
• Improving climate risk assessment infrastructure
• Introducing environmentally sustainable energy sector reforms

Recent News:

• In January 2025, the IMF retains India's economic growth outlook for FY26 and FY27 at 6.5%

About International Monetary Fund (IMF):

• The International Monetary Fund (IMF) is a global financial institution that promotes international monetary cooperation, financial stability, and economic growth while providing financial assistance to member countries facing balance of payments issues.
• Founded Year: 1944
• Headquarters: Washington, D.C., United States
• Managing Director: Kristalina Georgieva
• Members: 191 countries

33rd Meeting of the Working Mechanism for Consultation & Coordination on India-China Border Affairs

• The 33rd meeting of the Working Mechanism for Consultation & Coordination (WMCC) on India-China Border Affairs was held in Beijing.
• The Indian delegation was led by Gourangalal Das (Joint Secretary for East Asia), while the Chinese delegation was headed by Hong Liang (Director General, Boundary & Oceanic Affairs Department, Chinese Ministry of Foreign Affairs).

Key Highlights:

• The meeting was positive and constructive, reviewing the situation along the Line of Actual Control (LAC).
• Both sides emphasized the importance of maintaining peace & stability along the border for strengthening bilateral relations.
• Reviewed decisions from the 23rd Special Representatives (SR) meeting, held in Beijing (December 2024).
• Discussed border management improvements and measures for enhancing diplomatic & military coordination.
• Explored the resumption of cross-border cooperation, including:
  • Trans-border river management.
  • Kailash-Mansarovar Yatra facilitation.
  • Strengthening people-to-people exchanges.

New Insurance Plan and Digital Literacy Programme Launched For Indian Workers In Dubai

• A new Group Protection Insurance scheme for blue-collar workers in the UAE has been introduced.
• Facilitated by the Consulate General of India, the scheme has been launched by Dubai National Insurance (DNI) and its marketing partner Nexus Insurance Brokers LLC.

Key Highlights:

• Building upon the Life Protection Plan (LPP) introduced in March 2024, this scheme aims to enhance financial security for Indian workers in the UAE.
• Effective from April 1, 2025, it provides coverage for natural and accidental death, permanent disability, and repatriation expenses.
• The sum assured is AED 35,000 per person, with an affordable annual premium of AED 32.
• The initiative encourages employers to adopt the scheme as part of their labor welfare measures, ensuring financial protection for workers’ families.
• In another step towards empowering Indian expatriates, the Consulate General of India, in collaboration with Kerala Muslim Cultural Centre (KMCC) and Edapt Learning Technologies, has launched a Digital Literacy Programme for Indian workers in Dubai.
• The program aims to train at least 5,000 workers in its first year, equipping them with essential digital skills, cybersecurity awareness, and knowledge of emerging technologies such as Artificial Intelligence (AI).
• The eight-week live online training allows workers to interact with instructors in real time.
• The first four weeks focus on cyber fraud prevention and cybersecurity, while the next four weeks introduce participants to AI and its applications.
• Successful candidates will receive certificates jointly issued by the Consulate General of India in Dubai and Edapt Learning Technologies, enhancing their digital proficiency and employability.

CURRENT AFFAIRS: STATE NEWS

Telangana Assembly passes resolution adopting Central Organ Donation Act                      

• The Telangana government has decided to adopt the Transplantation of Human Organs and Tissues Act (THOTA) to bolster organ and tissue donation in the state.

Key Highlights:

• Originally introduced as the Transplantation of Human Organs Act, 1994, the law was amended in 2011 to allow for the transplantation of both organs and tissues.
• The amended THOTA, which came into force in 2014, is already operational in 24 states across India.
• By adopting this law, patients in Telangana will be able to save around six months previously required for the legal and administrative process in non-blood-group-matching transplants.
• Currently, Hyderabad records around 1,200 kidney transplants annually, with the number expected to increase by 12% to 16%, reaching approximately 1,400 transplants by 2025.
• The adoption of ABO-incompatible and swap kidney transplants will now allow patients without a blood-group-matching donor to receive life-saving transplants.
• However, the Telangana government is yet to finalize the rules for these procedures.
• One of the key advantages of the amended THOTA is its coverage of both organs and tissues.
• In addition to vital organs such as the heart, kidneys, and liver, the new provisions permit transplantation of tissues like skin, bone marrow, blood vessels, and heart valves.
• This will allow organs and tissues to be harvested from brain-dead donors, increasing the chances of saving patients in need.
• The law also includes provisions for organ donation between near relatives, including spouse, children, parents, siblings, and grandparents.
• This will particularly benefit children with genetic disorders requiring liver transplants, as grandparents can now legally donate organs to save their grandchildren.
• To curb illegal organ trade, the new amendments introduce stricter penalties.
• Previously, violators faced a fine of ₹5,000 and up to three years in prison, but under the revised law, penalties have been raised to ₹1 crore and up to 10 years of imprisonment for involvement in organ trafficking.
• Another major change is the broadening of criteria for declaring brain death.
• Earlier, only neurosurgeons and neurophysicians were authorized to declare brain death, but the new law extends this authority to physicians, surgeons, intensivists, and anesthetists.
• This expansion is expected to reduce wastage of viable organs from brain-dead patients and increase the number of transplants.
• To oversee organ donation and transplantation, the government will establish an advisory committee to ensure that all procedures follow legal and ethical guidelines.
• Under the law, organs collected from brain-dead donors in other states can also be transplanted to patients in Telangana, provided coordination is established with organ transplant organizations from other states.
• The government is also setting up Organ and Tissue Collection Centres and Storage Centres to facilitate and promote organ donation.
• This initiative is expected to strengthen Telangana’s transplant system and boost medical tourism, positioning the state as a key hub for organ transplants.

Recent News:

• In March 2025, Telangana Government Unveils ₹3.04 Lakh Crore Budget for 2025-26: Focus on Welfare and Development

About Telangana:

• Capital: Hyderabad
• Governor: Jishnu Dev Varma
• Chief Minister: Anumula Revanth Reddy
• National Parks: Kasu Brahmananda Reddy National Park, Mrugavani National Park, Mahavir Harina Vanasthali National Park
• Wildlife Sanctuaries: Kawal Wildlife Sanctuary, Pocharam Wildlife Sanctuary, Manjira Wildlife Sanctuary

CURRENT AFFAIRS: BUSINESS NEWS

JSW Steel Becomes World's Most Valuable Steel Manufacturer

• JSW Steel, led by Sajjan Jindal, has achieved a historic milestone by becoming the world’s highest-valued steel company, surpassing US-based Nucor Corp.
• The company's market capitalization crossed $30 billion, placing it ahead of major global steel manufacturers such as ArcelorMittal, Nippon Steel, and Baoshan Iron.

Key Highlights

• JSW Steel’s Market Cap: ₹6 lakh crore, surpassing its Indian peers like Tata Steel (₹1.95 lakh crore).
• Stock Performance: Shares have risen 18% in 2025, making it one of the best performers on the Nifty 50 index.
• Brokerage Ratings:
  • Investec has a "buy" rating on JSW Steel, with a price target of ₹1,100 per share.
  • 35 analysts covering the stock:
    • 20 - "Buy"
    • 5 - "Hold"
    • 10 - "Sell"

JSW Steel’s Market Surge: A Landmark Achievement

JSW Steel, India’s largest steel producer by capacity, witnessed a sharp rise in stock value, reaching an all-time high of ₹1,074.15 per share on the Bombay Stock Exchange (BSE).

• Stock Growth: 11% rise in the past month, 4% increase in the past week.
• Surpassing Nucor Corp: Nucor, which previously led with a market capitalization of $29.92 billion, has now been overtaken by JSW Steel.
• Other Competitors: ArcelorMittal (Europe), Nippon Steel (Japan), and Baoshan Iron (China) have market capitalizations ranging between $21 billion and $27 billion.

Strong Stock Performance and Valuation Metrics

JSW Steel has outperformed other Indian steel giants:

• JSW Steel: $30+ billion
• Tata Steel: $23 billion
• Jindal Steel: $10.81 billion
• SAIL: $5.5 billion

Analyst Ritesh Shah (Investec) considers JSW Steel the preferred investment due to its proven growth trajectory and strong EBITDA performance.

Comparison of Major Steel Players

Steel Company	Market Capitalization ($ Billion)
JSW Steel (India)	30+
Nucor Corp (USA)	29.92
ArcelorMittal (Europe)	27
Nippon Steel (Japan)	24
Baoshan Iron (China)	21
Tata Steel (India)	23
Jindal Steel (India)	10.81
SAIL (India)	5.5

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Maruti Suzuki names Sunil Kakkar as Whole-Time Director

• Maruti Suzuki has appointed Sunil Kakkar as an Additional Director and Whole-time Director (Corporate Planning) for a three-year term from April 1, 2025, to March 31, 2028.
• Kakkar has over 35 years of experience at Maruti Suzuki India (MSIL).
• Currently serves as Senior Executive Officer, heading the corporate planning vertical and is a key member of the executive committee.
• Held leadership roles, including Head of Supply Chain and Plant Head of Gurgaon production operations.
• Played a vital role in establishing supply chains for strategic projects and ensuring deep localisation.
• Instrumental in forming joint ventures with companies from Japan, Italy, and France for projects related to Controllers, AMT technology, Plastic fuel tanks, and high-tensile sheet metal technology.
• Serves as a director on the boards of several MSIL associate companies, including Mark Exhaust Systems, SKH Metals, and Hanon Climate Systems India.
• Actively contributes to industry bodies as the Chairman of SIAM's Aatmanirbhar Bharat-Sourcing Group, promoting localisation in the Indian auto industry.

Britannia’s former Chief Executive Officer Rajneet Kohli to join Hindustan Unilever as foods head

• Rajneet Kohli will join Hindustan Unilever (HUL) as Executive Director, Foods on April 7, 2025.
• He will replace Shiva Krishnamurthy, who is leaving to pursue an external opportunity.
• Kohli will also join HUL’s management committee, effective the same date.
• Previously served as CEO & Executive Director of Britannia Industries until his resignation on March 14, 2025.
• Has nearly 30 years of experience in consumer and retail sectors.
• HUL’s Foods & Refreshment division reported ₹15,292 crore revenue in FY24, contributing 25% of HUL’s turnover.
• The Kwality Wall’s ice cream unit was spun off from HUL and will be listed separately as Kwality Wall’s (India) Ltd.
• Has worked with Asian Paints, Coca-Cola, and Jubilant FoodWorks before Britannia.
• Played a key role in strengthening Britannia’s market position through product innovation and digital transformation.
• HUL has undergone multiple leadership changes since 2023, including the appointment of Rohit Jawa as CEO & MD and Harman Dhillon as Executive Director, Beauty & Well-being.

Ex-Cabinet Secretary Rajiv Gauba Appointed Full-Time Member of NITI Aayog

• Former Union Cabinet Secretary Rajiv Gauba has reportedly been appointed as the new Member, NITI Aayog (National Institution for Transforming India) in the rank of Minister of State.
• He has been given Y-category security cover.
• NITI Aayog is the apex think-tank of the Government of India.
• Rajiv Gauba has held important assignments over the last three decades in Bihar and Jharkhand along with key positions of Union Home Secretary and Union Cabinet Secretary.
• Prior to becoming Union Secretary for Housing & Urban Affairs, he served as Chief Secretary, Jharkhand. 
• Rajiv Gauba begins his new stint as the 4th member at Aayog along with Dr Vijay Kumar Saraswat, Prof Ramesh Chand and Dr Vinod Paul.
• Currently, DrSuman Bery is Vice Chairperson in the rank and status of a Cabinet Minister, whereas former Commerce Secretary B V R Subrahmanyam

About NITI Aayog:

• The National Institution for Transforming India (NITI Aayog) is a government agency that advises the central and state governments of India.
• It was established on January 1, 2015.
• Functions of NITI Aayog – The organization focuses on national development planning, innovation, policy evaluation, and addressing inter-sectoral issues, while also ensuring national security interests in economic policies.
• Chairperson: Narendra Modi
• Vice chairperson: Suman Bery
• CEO: BVR Subrahmanyam

Former Enforcement Directorate Sanjay Kumar Mishra appointed as full-time member of Prime Minister’s economic advisory council

• Sanjay Kumar Mishra, former Enforcement Directorate (ED) Director, has been appointed as a full-time member of the Economic Advisory Council to the Prime Minister (EAC-PM).
• Mishra, a 1984-batch Indian Revenue Service (IRS) officer, served as ED chief from 2018 until September 15, 2023.
• His tenure at ED was marked by controversies, with accusations of the agency being used against opposition leaders.
• He received multiple extensions from the Union government, despite legal challenges.
• The Supreme Court ruled in July 2023 that his tenure must end on September 15, 2023, and that no further extensions would be granted.
• The vacancy in EAC-PM arose after the death of its former chairman, Bibek Debroy, in November 2024.
• Under Mishra’s leadership, ED pursued several high-profile cases under the Prevention of Money Laundering Act (PMLA).
• Investigations included Congress leaders Sonia Gandhi, Rahul Gandhi, Robert Vadra, and others like K. Shivakumar, Hemant Soren, Anil Deshmukh, Farooq Abdullah, and Omar Abdullah.
• The ED’s actions often coincided with elections, leading to criticism of political bias.
• Political analysts view his new role as a reward for his tenure at the ED, which was seen as targeting dissenting voices.
• His appointment raises concerns over the use of investigative agencies in political matters and its impact on India’s democratic structure.

Sunil Kakkar- First Indian employee on MSIL’s board as a whole-time director

• Sunil Kakkar has been appointed as Additional Director and Whole-Time Director, designated as Director (Corporate Planning), effective April 1, 2025, for a three-year term ending March 31, 2028.
• He has over 35 years of experience with Maruti Suzuki India (MSIL) and previously served as Senior Executive Officer and Head of Corporate Planning.
• His past roles also include heading the Supply Chain division and serving as Plant Head of the Gurgaon production facility.
• An alumnus of IIT Kanpur, Kakkar holds an MBA from the Asian Institute of Technology, where he was a gold medalist.
• Throughout his career, he has played a crucial role in shaping MSIL’s strategic direction, driving corporate restructuring, and enhancing organizational agility.
• He has been instrumental in establishing supply chains for key projects, achieving significant localization, and forming global joint ventures with companies from Japan, Italy, and France.
• His leadership has introduced advanced automotive technologies like Automated Manual Transmission (AMT), plastic fuel tanks, and high-tensile sheet metal.
• Kenichiro Toyofuku will transition from his current role as Director (Corporate Planning) to Director (Sustainability) on April 1, 2025.
• Beyond MSIL, Kakkar holds directorships in several associate companies, including Mark Exhaust Systems, SKH Metals, and Hanon Climate Systems India.
• He also leads key industry initiatives as Chairman of the Society of Indian Automobile Manufacturers’ (SIAM) Aatmanirbhar Bharat Sourcing Group, Honorary Chairman of the INVEST Northern Zonal Council, Chairman of Assocham’s National Council on Auto & Auto Ancillaries, and a member of the CII Japan Council.
• These leadership changes highlight MSIL’s commitment to strengthening its corporate planning and sustainability initiatives in response to the evolving automotive landscape.

CURRENT AFFAIRS: DEFENCE NEWS

Ministry of Defence signs Rs 6,900 crore deals for procurement of artillery gun systems, vehicles

• The Ministry of Defence (MoD) has signed contracts with Bharat Forge Limited and Tata Advanced Systems Limited for the procurement of 155mm/52 Calibre Advanced Towed Artillery Gun Systems (ATAGS) and High Mobility Vehicle 6x6 Gun Towing Vehicles, respectively, with a total contract value of approximately Rs 6,900 crore.
• The agreements were formalized in the presence of Defence Secretary Rajesh Kumar Singh at South Block, New Delhi, marking a cumulative capital procurement contract value of Rs 1.40 lakh crore in the ongoing Financial Year 2024-25.
• During the event, the Project Director of ATAGS from the Defence Research and Development Organisation’s (DRDO) Armament Research and Development Establishment, Pune, was honored by the Defence Secretary for his pivotal contribution to the project.

Key Highlights :

• The procurement of 155mm/52 Calibre ATAGS represents a significant step in modernizing the Indian Army’s artillery capabilities, replacing older low-calibre guns to enhance operational preparedness and combat effectiveness.
• The ATAGS system, known for its superior lethality, will provide precise and long-range strike capabilities, thereby strengthening the Army’s firepower.
• This initiative marks the first major procurement of towed guns from the private sector by the Indian Army, reflecting a significant boost to domestic defence manufacturing.
• The project aligns with the Aatmanirbhar Bharat initiative and Make-in-India campaign, fostering employment generation and economic growth while enhancing India’s self-reliance in defence production.

Recent News:

• In March 2025, In a major boost to India's defence technology, Bharat Electronics Limited (BEL) signed a ₹2,906 crore contract with the Ministry of Defence (MoD) for the acquisition of the Low-Level Transportable Radar (LLTR) Ashwini.

About Ministry of Defence:

• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Ajay Bhatt

Defence Research and Development Organisation & Indian Navy Successfully Test Fired Indigenously Developed Short-Range Surface-To-Air Missile

• The Defence Research and Development Organisation (DRDO) and the Indian Navy successfully conducted a flight test of the Vertically-Launched Short-Range Surface-to-Air Missile (VLSRSAM) from the Integrated Test Range (ITR), Chandipur, off the Odisha coast.
• The missile, indigenously developed, was launched from a land-based vertical launcher against a high-speed aerial target at very close range and low altitude, demonstrating its Near-Boundary-Low Altitude capability.
• During the test, the target was successfully destroyed, with the missile executing a high turn rate, showcasing its agility, reliability, and pinpoint accuracy.
• The trial was conducted in combat configuration, incorporating all weapon system elements, including the indigenous Radio Frequency seeker, Multi-Function Radar, and Weapon Control System, which performed as expected.
• The performance validation was carried out using flight data captured by Range Instruments developed at ITR Chandipur.

Recent News:

• In March 2025, the Defence Research and Development Organisation (DRDO) successfully carried out a high-altitude trial of an indigenously developed Integrated Life Support System (ILSS) for the Light Combat Aircraft (LCA) Tejas.

About DRDO:

• Founded: 1958
• Headquarters: New Delhi, India
• Parent Ministry: Ministry of Defence, Government of India
• Chairman: Dr. Samir V. Kamat

After delays, GE Aerospace announces delivery of jet engines for Tejas LCA-Mk1A

• GE Aerospace has delivered the first of 99 F404-IN20 aircraft engines to Hindustan Aeronautics Limited (HAL) for the Tejas Light Combat Aircraft (LCA) Mk-1A.
• The Indian Air Force (IAF) is set to receive 83 Tejas Mk-1A jets, as per a ₹48,000 crore contract signed in February 2021.
• HAL faced delays in Tejas jet deliveries, partly due to the delayed supply of F404 engines.
• The engine, manufactured in Lynn, Massachusetts, will reach India by early next month.
• The F404-IN20 engine is custom-designed for India's single-engine fighter programme with the highest thrust in the F404 family.
• It features a higher-flow fan, single-crystal turbine blades, and specialized components for enhanced performance.
• The F404 engine powered the Tejas' first test flight in 2008, achieving Mach 1.1 speed.
• By 2016, 65 F404-IN20 engines had been delivered for Tejas LCA, but production was halted as there were no additional orders.
• After HAL ordered 99 more engines in 2021, GE revived production after a five-year hiatus, overcoming COVID-era supply chain challenges.
• The Tejas LCA is expected to be the backbone of the IAF, with 97 additional jets planned for procurement.
• GE Aerospace and HAL's 40-year collaboration is set to strengthen India's defence manufacturing capabilities.
• The successful engine deliveries will enable HAL to expedite Tejas Mk-1A production and deliveries to the IAF.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Ministry of Rural Development and United Nations Children’s Fund YuWaah Sign SOI to Empower Rural Women and Youth

• The Ministry of Rural Development (MoRD) and United Nations Children’s Fund (UNICEF) YuWaah have signed a Statement of Intent (SOI) for a three-year partnership to empower rural women and youth across India.

Key Highlights of the MoRD-UNICEF YuWaah Partnership

• Objective: Create livelihood opportunities for rural women through jobs, self-employment, entrepreneurship, and skill-building
• Target Group: Women from Self-Help Groups (SHGs) to boost female labour force participation in rural areas

Pilot Initiative: Digital Infrastructure & Economic Empowerment

• Computer Didi Centers & Didi ki Dukan to be established in five blocks across five states:
  • Andhra Pradesh
  • Jharkhand
  • Madhya Pradesh
  • Odisha
  • Rajasthan
• Potential to scale up: If successful, the project aims to reach 35 lakh women across 7000+ blocks

Innovative Features of the Partnership

• Youth Hub: A cutting-edge aggregator platform for jobs, skilling, and volunteering
• Lakhpati Didi Initiative: Scalable models to develop thousands of women entrepreneurs
• Skill-building & Digital Infrastructure Expansion

Key Officials Present at the Signing

• Smriti Sharan, Joint Secretary, MoRD
• Monika, Deputy Secretary, MoRD
• Team members of MoRD and UNICEF YuWaah

3rd India-Uganda Joint Trade Committee (JTC) Session Strengthens Bilateral Trade Relations

• The Third Session of the India-Uganda Joint Trade Committee (JTC) was held in New Delhi on March 25-26, 2025, marking a significant milestone in strengthening India-Uganda trade relations after a gap of 23 years.

Key Highlights

• Bilateral Trade Review: Both nations acknowledge that the current trade volume does not reflect the full potential and agree to enhance, deepen, and diversify trade.
• Formation of India-Uganda Joint Business Forum: To boost engagement between industry leaders from both countries.
• Cooperation in Key Sectors:
  • Trade & Exports: Minerals, coffee, cocoa products, pulses, spices, dairy, essential oils, plastic raw materials, fruits, and vegetables.
  • Industries & Services: Mining, banking, digital infrastructure, agriculture, MSME growth, pharmaceuticals, electric vehicles, and critical minerals including Rare Earth Elements (REE) and petrochemicals.
  • Investment Promotion: Strengthening collaboration between investment promotion agencies of both nations.

Proposed MoUs for Future Cooperation

• Recognition of Indian Pharmacopoeia
• Public Works & Infrastructure Development
• Agriculture & Allied Sectors
• Traditional Medicine & Telemedicine
• Standardization & Quality Assurance

Key Officials & Delegation

• Shri Ajay Bhadoo, Additional Secretary, Department of Commerce (India) – Addressed the inaugural session.
• Priya P. Nair, Economic Adviser, Department of Commerce (India) – Co-chaired the session.
• Elly Kamahungye Kafeero, Head of International Political Cooperation, Ministry of Foreign Affairs (Uganda) – Co-chaired the session.
• Prof. Joyce Kikafunda Kakuramatsi, Head of Mission, Uganda High Commission, New Delhi.
• 28-member Ugandan delegation representing various ministries and Uganda’s Mission in India.

RECENT NEWS

• In February 2025, Uganda, in collaboration with the World Health Organization (WHO) and global partners, initiated the first-ever clinical trial for a vaccine targeting the Sudan species of the Ebola virus.

About Uganda:

• Capital: Kampala
• Currency: Ugandan Shilling
• President: Yoweri Museveni
• Prime minister: Robinah Nabbanja

India, Japan likely to sign pact on sharing emission-reduction credits

• India and Japan are finalizing the Joint Crediting Mechanism (JCM) to share emission reduction credits.
• A Memorandum of Cooperation (MoC) is expected to be signed within two months.
• The initiative aligns with Article 6.2 of the Paris Agreement, promoting decarbonization technologies through Japanese investments.

How the JCM Works

• Carbon credits will be tracked through a registry.
• Joint committees will manage projects and certify credits based on verified reports.
• The credits will contribute to both nations' Nationally Determined Contributions (NDCs) for GHG emission reduction.

Significance of the Agreement

• Encourages technology transfer and investment in clean energy projects.
• Strengthens India-Japan climate cooperation.
• Supports India’s sustainable development and global climate commitments.

RECENT NEWS

• Japan secured its place in the 2026 FIFA World Cup, becoming the first team to qualify after the host nations (United States, Canada, and Mexico).
• In January 2025, India is projected to overtake Japan to become the world’s fourth-largest economy by 2026, according to the PHD Chamber of Commerce and Industry (PHDCCI).

CURRENT AFFAIRS: SPORTS NEWS

India’s doubles badminton specialist B Sumeeth Reddy Announces Retirement, Shifts Focus to Coaching

• India’s doubles badminton specialist B Sumeeth Reddy has announced his retirement from professional badminton to fully dedicate himself to coaching.
• A key figure in Indian badminton, he was part of the 2022 Commonwealth Games silver medal-winning squad and had a successful career spanning over a decade.

Key Achievements in Doubles Badminton

Men’s Doubles Partnership with Manu Attri

• Achieved a career-high world ranking of 17
• Gold medalist at the 2016 South Asian Games
• Represented India at the 2016 Rio Olympics
• Competed in the Asia Team Championships in Hyderabad

Success in International Tournaments

• 2015 Mexico City Grand Prix Champion
• 2016 Canada Open Champion
• Runner-up in the 2015 US Open and Dutch Open

Mixed Doubles Journey

• Partnered with N. Sikki Reddy (his wife) and Ashwini Ponnappa
• Runner-up at the 2017 Syed Modi International

Transition to Coaching

Sikki Sumeeth Badminton Academy

• Co-founded the Sikki Sumeeth Badminton Academy in Hyderabad (2021)
• Focuses on nurturing young badminton talent

India Shines at Special Olympics World Winter Games with 33 Medals

• India concluded its campaign at the Special Olympics World Winter Games in Turin, Italy, with an impressive 33-medal haul, including 8 gold, 18 silver, and 7 bronze medals.

Final Day Medal Achievements (12 Medals)

1. Snowshoeing:
   • Medal tally: 10 (4 on the final day)
   • New medalists:
     • Silver: Vasu Tiwari, Shalini Chauhan, and Tanya (25m Snowshoeing)
     • Bronze: Jahangir (25m Snowshoeing)

2. Alpine Skiing:
   • Medal tally: 10
   • New medalists:
     • Silver: Radha Devi (Intermediate Slalom F01)
     • Silver: Nirmala Devi (Intermediate Slalom F04)
     • Silver: Abhishek Kumar (Novice Slalom M02)

3. Cross Country Skiing:
   • Medal tally: 2
   • New medalist:
     • Bronze: Akriti (100m Classical Technique F02)

4. Floorball (Women’s Traditional Team):
   • Medal tally: 1
   • New medal: Bronze

Overall Medal Tally by Sport

• Snowshoeing: 10 medals
• Alpine Skiing: 10 medals
• Snowboarding: 6 medals
• Short Track Speed Skating: 4 medals
• Cross Country Skiing: 2 medals
• Floorball: 1 medal

Asian Wrestling Championships 2025: Nitesh Wins Bronze in Greco-Roman 97kg

• Nitesh secured India’s second medal at the Asian Wrestling Championships 2025 in Amman, Jordan, with a bronze in the Greco-Roman 97kg category.
• He defeated Kazakhstan’s Ilyas Guchigov 9-0 (VSU) in the opening match.
• Lost in the semi-finals to Olympic champion Mohammad Hadi Saravi (Iran) 0-9.
• In the bronze medal match, he defeated Turkmenistan’s Amanberdi Agamammedov 9-0 (VSU).
• Sunil Kumar had earlier won bronze in the Greco-Roman 87kg category.

Other Indian Performances

• Neeraj (67kg) reached the bronze medal match via repechage but lost 0-5 to Japan’s Katsuaki Endo.
• Sumit (60kg), Kuldeep Malak (72kg), and Rahul (82kg) failed to reach medal rounds.

Daily CA One- Liner: March 28

• Prime Minister Narendra Modi will inaugurate the new Pamban rail bridge on April 6, 2025, coinciding with Ram Navami.
• The Department of Posts, Government of India, has issued a Commemorative Postage Stamp in honor of Mata Karma, a revered saint, social reformer, and devotee of Lord Krishna, on her 1009th Birth Anniversary.
• The Federation of Indian Export Organisations (FIEO), with support from the Ministry of Commerce & Industry, Government of India, inaugurated the 3rd edition of Sourcex India 2025 at the Yashobhoomi Convention Centre, New Delhi
• JSW Steel, led by Sajjan Jindal, has achieved a historic milestone by becoming the world’s highest-valued steel company, surpassing US-based Nucor Corp.
• The Ministry of Rural Development (MoRD) and United Nations Children’s Fund (UNICEF) YuWaah have signed a Statement of Intent (SOI) for a three-year partnership to empower rural women and youth across India
• The Third Session of the India-Uganda Joint Trade Committee (JTC) was held in New Delhi on March 25-26, 2025, marking a significant milestone in strengthening India-Uganda trade relations after a gap of 23 years
• India and Japan are finalizing the Joint Crediting Mechanism (JCM) to share emission reduction credits.
• India’s doubles badminton specialist B Sumeeth Reddy has announced his retirement from professional badminton to fully dedicate himself to coaching.
• India concluded its campaign at the Special Olympics World Winter Games in Turin, Italy, with an impressive 33-medal haul, including 8 gold, 18 silver, and 7 bronze medals
• Nitesh secured India’s second medal at the Asian Wrestling Championships 2025 in Amman, Jordan, with a bronze in the Greco-Roman 97kg category
• Punjab & Sind Bank has been honored with the Top Improvers award in the EASE 6.0 Reforms Index, recognizing its significant progress in banking services and operational efficiency.
• The Reserve Bank of India (RBI) has issued revised guidelines on Priority Sector Lending (PSL) to enhance the targeting of bank credit to key sectors of the economy.
• Pakistan and the International Monetary Fund (IMF) have successfully concluded negotiations, leading to a staff-level agreement, as reported by the media.
• The 33rd meeting of the Working Mechanism for Consultation & Coordination (WMCC) on India-China Border Affairs was held in Beijing.
• A new Group Protection Insurance scheme for blue-collar workers in the UAE has been introduced.
• The Telangana government has decided to adopt the Transplantation of Human Organs and Tissues Act (THOTA) to bolster organ and tissue donation in the state.
• Maruti Suzuki has appointed Sunil Kakkar as an Additional Director and Whole-time Director (Corporate Planning) for a three-year term from April 1, 2025, to March 31, 2028.
• Rajneet Kohli will join Hindustan Unilever (HUL) as Executive Director, Foods on April 7, 2025.
• Former Union Cabinet Secretary Rajiv Gauba has reportedly been appointed as the new Member, NITI Aayog(National Institution for Transforming India) in the rank of Minister of State.
• Sanjay Kumar Mishra, former Enforcement Directorate (ED) Director, has been appointed as a full-time member of the Economic Advisory Council to the Prime Minister (EAC-PM).
• Sunil Kakkar has been appointed as Additional Director and Whole-Time Director, designated as Director (Corporate Planning), effective April 1, 2025, for a three-year term ending March 31, 2028.
• The Ministry of Defence (MoD) has signed contracts with Bharat Forge Limited and Tata Advanced Systems Limited for the procurement of 155mm/52 Calibre Advanced Towed Artillery Gun Systems (ATAGS) and High Mobility Vehicle 6x6 Gun Towing Vehicles, respectively, with a total contract value of approximately Rs 6,900 crore.
• The Defence Research and Development Organisation (DRDO) and the Indian Navy successfully conducted a flight test of the Vertically-Launched Short-Range Surface-to-Air Missile (VLSRSAM) from the Integrated Test Range (ITR), Chandipur, off the Odisha coast.
• GE Aerospace has delivered the first of 99 F404-IN20 aircraft engines to Hindustan Aeronautics Limited (HAL) for the Tejas Light Combat Aircraft (LCA) Mk-1A.