813th Urs of Hazrat Khwaja Moinuddin Chishti Begins
The 813th Urs of Sufi saint Hazrat Khwaja Moinuddin Chishti has begun, marking an important
religious and cultural event. This year, the customary flag ceremony is scheduled for, December,
2024, at the Dargah Khwaja Saheb in Ajmer. The annual Urs, commemorating the death anniversary of
the revered saint, is a significant occasion for devotees, with festivities and prayers held at the saint’s
tomb
Sauraha Hosts 18th Elephant Festival
Nestled in Sauraha, Chitwan, Nepal, the 18th Elephant and Tourism Festival is captivating both local
and international visitors. Hosted at the Baghmara Intermediate Community Forest near the renowned
Chitwan National Park, this five-day event aligns with New Year and Christmas celebrations.
The festival concludes on December 2024, serving as a vital driver for tourism in the region with its
diverse and unique attractions
Gujarat CM Launches SWAR Platform to Bridge Language Barriers
On December 2024, marking Good Governance Day, Gujarat Chief Minister Bhupendra Patel launched
the SWAR (Speech and Written Analysis Resource) platform, aiming to enhance communication and
accessibility for citizens by overcoming language barriers. This citizen-centric initiative aligns with the
state’s continuous efforts to improve ease of living. The platform, developed in collaboration with the
Ministry of Electronics and Information Technology’s Bhashini Team, leverages artificial intelligence
(AI) to make government services more inclusive
Sikkim’s Kagyed Dance Festival
The Kagyed Chaam Dance Festival, one of Sikkim’s most revered Buddhist celebrations, is held
annually at Tsuklakhang Palace in Gangtok. Marked by elaborate masked dances performed by
Buddhist monks and lamas, the festival symbolizes the destruction of negative forces and the
ushering in of peace and prosperity for the new year.
Haryana Hikes DCRG Limit by 25%
The Haryana government, under Chief Minister Nayab Singh Saini, has made several significant
decisions to enhance employee benefits, improve governance, and address public concerns. The
decisions were announced after a state cabinet meeting, including increases in gratuity limits, updates
to development charges policies, and reforms in public service exams
Indian Army Unveils Chhatrapati Shivaji Statue at Pangong Tso
The Indian Army has unveiled a statue of Chhatrapati Shivaji Maharaj at Pangong Tso in Ladakh,
marking a significant strategic and cultural assertion near the India-China border. Installed by the Fire
and Fury Corps on December 2024, the statue celebrates the Maratha king’s legacy of valor and
foresight.
While this move reinforces India’s position along the Line of Actual Control (LAC), it has also stirred
local debates about cultural relevance, consultation, and ecological concerns.
Kaamya Karthikeyan: Youngest Female to Conquer Seven Summits
Kaamya Karthikeyan, a 17-year-old student from Navy Children School in Mumbai, has etched her
name in history by becoming the youngest female in the world to conquer the Seven Summits. This
remarkable achievement includes scaling the highest peaks across all seven continents.
Kaamya, an avid adventurer since her childhood, completed this prestigious feat by summiting Mount
Vinson in Antarctica on December 2024. This accomplishment highlights her determination,
resilience, and passion for mountaineering.
116th Mann Ki Baat- Welcoming a Milestone Year
As 2025 approaches, India stands on the threshold of significant celebrations and achievements. The
year marks the 75th anniversary of the Constitution of India, a testament to the vision and dedication
of the nation’s founding fathers.
The Prime Minister, through the 116th episode of his monthly radio address Mann Ki Baat, shared
insights and aspirations for the country’s progress and unity, covering diverse themes ranging from
cultural heritage to health and sports
India’s Defence Exports Cross Rs 21,000 Crore : Rajnath Singh
India’s defence exports have witnessed a remarkable surge, reaching a record Rs 21,000 crore from a
mere Rs 2,000 crore a decade ago. During a visit to the Army War College (AWC) in Mhow
Cantonment, Defence Minister Rajnath Singh set an ambitious target of Rs 50,000 crore in defence
exports by 2029.
Government Considers Honorary Senior Ranks for Retiring Paramilitary Personnel
The Indian government is contemplating the introduction of honorary senior ranks for retiring Central
Armed Police Force (CAPF) personnel who have not been promoted due to organizational constraints.
This initiative aims to enhance morale among retiring personnel and acknowledge their service.
He said that if a person was retiring on a Constable’s rank and was eligible to be promoted as Head
Constable (HC), he or she may use the HC’s rank. Similarly, if an HC is eligible to be promoted as
Assistant Sub-Inspector (ASI), he or she may use the insignia for ASI.
Blinkit Launches 10-Minute Ambulance Service in Gurgaon
Blinkit CEO Albinder Dhindsa announced the launch of an instant ambulance service, where residents
of Gurgaon can book an ambulance through the Blinkit app and have it arrive within 10 minutes. This
initiative aims to address the critical need for quick emergency medical transport in urban areas. The
service, which includes Basic Life Support (BLS) ambulances, marks a significant step toward providing
fast and reliable medical aid.
India Gets Its First Glass Bridge at Kanniyakumari
Tamil Nadu Chief Minister MK Stalin, along with several dignitaries, inaugurated India’s first-ever glass
bridge in Kanniyakumari. The bridge connects two iconic landmarks Vivekananda Rock Memorial and
the 133-foot Thiruvalluvar Statue enhancing Kanniyakumari’s appeal as a premier tourist destination.
Built under a Rs 37-crore initiative by the Tamil Nadu government, the glass bridge aims to improve
the travel experience for visitors and boost the local tourism sector.
EPFO’s Centralized Pension System
The Employees’ Provident Fund Organisation (EPFO) has successfully implemented its Centralized
Pension Payments System (CPPS) across all regional offices in India, marking a significant
advancement in pension disbursement. This initiative benefits over 68 lakh pensioners, enabling them
to access their pensions from any bank branch nationwide.
Assam’s Elephant Population Sees 7-Year Rise
Assam’s latest Elephant Population Estimate 2024 reveals an estimated 5,828 elephants, marking a rise
of 109 from the previous 2017 count. This synchronized estimation exercise highlights the stability of
Assam’s elephant population despite challenges such as habitat fragmentation and human-elephant
conflicts. Key findings underline the critical role of Elephant Reserves and offer recommendations for
improved conservation efforts
Decline in Rural-to-Urban Migration in India
According to the Economic Advisory Council to the Prime Minister (EAC-PM), domestic migration
decreased by 53.7 million in 2023, an 11.8% drop from 2011 levels. The overall migration rate fell from
37.6% in 2011 to 28.9% in 2023, with economic migration declining by 5 million, from 45 million in
2011 to 40 million in 2023
Govt Amends FTP to Require Stakeholder Consultations
In a significant move to enhance inclusivity and transparency in trade policy formulation, the
Directorate General of Foreign Trade (DGFT) has amended the Foreign Trade Policy (FTP) 2023. This
amendment mandates consultations with relevant stakeholders, including importers, exporters, and
industry experts, during the formulation or amendment of the FTP
PM Modi Flags Off Namo Bharat RRTS: 40-Min Delhi-Meerut Ride
Prime Minister Narendra Modi inaugurated a 13-km section of the Delhi-Meerut Regional Rapid
Transit System (RRTS) corridor on January, 2025. This section connects Sahibabad in Uttar Pradesh to
New Ashok Nagar in Delhi and is part of the broader 82-km Delhi-Ghaziabad-Meerut Namo Bharat
corridor. The RRTS aims to revolutionize regional transit by significantly reducing travel time between
Delhi and Meerut.
PM Modi Flags Off Namo Bharat RRTS: 40-Min Delhi-Meerut Ride
Prime Minister Narendra Modi inaugurated a 13-km section of the Delhi-Meerut Regional Rapid
Transit System (RRTS) corridor on January, 2025. This section connects Sahibabad in Uttar Pradesh to
New Ashok Nagar in Delhi and is part of the broader 82-km Delhi-Ghaziabad-Meerut Namo Bharat
corridor. The RRTS aims to revolutionize regional transit by significantly reducing travel time between
Delhi and Meerut.
Jallikattu Season Begins! Thatchankurichi Hosts 2025’s First Event
The first Jallikattu event of Tamil Nadu for 2025 was held on January at Thatchankurichi village in the
Gandarvakottai taluk of Pudukkottai district. This traditional bull-taming event marks the beginning of
the Pongal celebrations and the Jallikattu season in the state. Over 600 bulls and 350 bull-taming
participants took part in this iconic event, symbolizing Tamil Nadu’s rich cultural heritage
Aero India 2025: India’s Aerospace Innovations and Global Ties
Aero India 2025, Asia’s premier aerospace exhibition, is set to take place from February 10 to 14, 2025,
at Air Force Station, Yelahanka, Bengaluru. Under the theme “The Runway to a Billion Opportunities,”
the event aims to bolster India’s position in the global aerospace sector and foster international
partnerships
Amit Shah to Launch CBI’s BHARATPOL Portal
Union Home Minister and Minister of Cooperation, Shri Amit Shah, will launch the BHARATPOL portal
developed by the Central Bureau of Investigation (CBI) on January, 2025, at Bharat Mandapam, New
Delhi. The portal aims to facilitate real-time international police assistance and enhance India’s efforts
to combat transnational crimes. Developed by the CBI, which acts as the National Central Bureau
(NCB) for INTERPOL in India, the portal will improve communication between law enforcement
agencies (LEAs) across India and INTERPOL.
Jammu Becomes Indian Railways’ 69th Division
On January, 2025, Prime Minister Narendra Modi virtually inaugurated the Jammu Railway Division,
marking it as the 69th division under the Northern Railway Zone. This strategic move aims to enhance
connectivity and foster socio-economic development in the northernmost regions of India
India’s Metro Rail Network Surpasses 1,000 km, Becoming World’s Third Largest
As of January 2025, India has achieved a significant milestone by expanding its metro rail network to
over 1,000 kilometers of operational lines, positioning it as the third-largest in the world, following
China and the United States
Centre Launches India’s First Organic Fisheries Cluster in Sikkim
Union Animal Husbandry and Fisheries Minister Rajiv Ranjan Singh launched the country’s first-ever
organic fisheries cluster in Soreng District, Sikkim. This initiative aims to revolutionize the aquaculture
industry by promoting ecologically sustainable and chemical-free fish farming practices. The cluster
will focus on providing organic, antibiotic-free, and pesticide-free fish, catering to eco-conscious
markets globally. This development aligns with Sikkim’s reputation for sustainable agricultural
practices, as the state has already embraced organic farming.
Tamil Nadu CM Announces $1 Million Prize for Deciphering Indus Valley Script
In a significant announcement marking the centenary of the discovery of the Indus Valley Civilisation,
Tamil Nadu Chief Minister M K Stalin has pledged a $1 million prize for experts or organizations that
succeed in deciphering the mysterious Indus Valley script.
Speaking at a three-day International Conference in Chennai, the Chief Minister highlighted the
importance of unraveling this ancient script and reaffirmed Tamil Nadu’s commitment to supporting
research and archaeological endeavors.
Odisha Government’s ₹15 Crore Sponsorship Elevates Indian Kho Kho
The Odisha government has announced a significant three-year sponsorship deal worth ₹15 crore for
the Indian national kho kho team, aiming to enhance the sport’s prominence both nationally and
internationally. Chief Minister Mohan Charan Majhi revealed that the state will invest ₹5 crore annually
from January 2025 to December 2027, with funding provided through the Odisha Mining Corporation
Pranab Mukherjee Memorial at Delhi’s Rajghat Complex
The Central Government has decided to set up a memorial for former President Pranab Mukherjee at
the Rashtriya Smriti Sthal, part of the Rajghat precinct in Delhi. Mukherjee, who passed away on
August 31, 2020, was a veteran Congress leader and the 13th President of India. His daughter,
Sharmistha Mukherjee, expressed her gratitude to Prime Minister Narendra Modi for this unexpected
gesture. The memorial will be a tribute to Mukherjee’s decades-long contribution to Indian politics.
Prabowo Subianto to Be Republic Day Chief Guest in 2025
Indonesian President Prabowo Subianto has formally accepted New Delhi’s invitation to be the chief
guest at India’s 2025 Republic Day parade. His visit marks a significant step in enhancing IndiaIndonesia relations, signaling the importance of the Act East Policy in Prime Minister Narendra Modi’s
third term. The two countries are expected to bolster their strategic cooperation, defense ties, and
economic engagement during this visit
Indusfood 2025: India Hosts Global Exhibitors from 30 Countries
Indusfood 2025, Asia’s premier food and beverage trade exhibition, will be held from January 8-10,
2025, at Greater Noida, India. The event, organized by the Trade Promotion Council of India (TPCI) in
collaboration with the Department of Commerce, is set to feature over 2,300 exhibitors from 30+
countries and attract 7,500 international buyers, along with 15,000 Indian trade visitors.
e-Shram Portal Expands to 22 Scheduled Languages
The e-Shram portal, designed to provide unorganised workers with seamless access to various
government schemes, has been upgraded to support all 22 scheduled languages. This enhancement,
launched by Union Minister of Labour and Employment Dr Mansukh Mandaviya, aims to make the
portal more accessible to workers across India.
10 Years of NITI Aayog: Shaping India’s Future
NITI Aayog, established on January 1, 2015, emerged as a visionary reform in India’s governance
structure, replacing the Planning Commission to better address the needs of a growing, market-driven
economy. In his first Independence Day speech in 2014, Prime Minister Narendra Modi introduced
NITI Aayog as an institution with a new design and structure, emphasizing a shift towards
decentralization and competitive federalism.
Goa’s ‘Bima Sakhi Yojana’
On January, 2025, Goa Chief Minister Dr Pramod Sawant launched the ‘Bima Sakhi Yojana’ under the
state’s Swayampurna Goa 2.0 initiative. This program aims to empower women by providing them
with training and opportunities to become Life Insurance Corporation (LIC) agents, thereby promoting
financial literacy and expanding life insurance coverage at the grassroots level
Jharkhand Mukhyamantri Maiya Samman Yojana
The Jharkhand Mukhyamantri Maiya Samman Yojana is a financial assistance scheme launched by the
Jharkhand government to empower women across the state. Initially launched in August 2024 by
Chief Minister Hemant Soren, the scheme aims to enhance the financial security of women by
providing direct cash transfers. This initiative addresses socio-economic challenges, particularly in
rural areas, and contributes to the state’s development by improving household income and
promoting financial inclusion.
IIT-Madras Sets Record with Asia’s Largest Wave Basin
IIT-Madras has successfully commissioned Asia’s largest shallow wave basin at its Discovery campus in
Thaiyur. This research facility is designed to address complex coastal engineering challenges and is
expected to make significant contributions to marine science and engineering.
Developed with indigenous technology, the shallow wave basin is set to enhance the country’s
capabilities in port and waterway research without relying on foreign technology.
Pravasi Bharatiya Express: A Gift to Indian Diaspora
On January, 2025, Prime Minister Narendra Modi flagged off the Pravasi Bharatiya Express, a special
state-of-the-art tourist train for the Indian diaspora, from Bhubaneswar, Odisha. The launch coincides
with the 110th anniversary of Mahatma Gandhi’s return to India from South Africa on this date in
- The train, designed under the Pravasi Teerth Darshan Yojana (PTDY), aims to connect Persons of
Indian Origin (PIOs) with India’s rich cultural and religious heritage by offering a fully sponsored tour
across the country.
Mo Farah to Lead 20th Mumbai Marathon as International Ambassador
The Tata Mumbai Marathon, scheduled for January, 2025, is set to celebrate its 20th edition with a
record-breaking 60,000 participants. In a significant development, Sir Mo Farah, the renowned British
long-distance runner, has been appointed as the International Event Ambassador. Farah’s involvement
underscores the marathon’s growing global stature and its commitment to promoting health and
fitness
India’s Ranking in the Henley Passport Index 2025
India’s ranking in the Henley Passport Index for 2025 has dropped to 85th, five points lower than its
80th position in 2024. The index, based on data from the International Air Transport Authority (IATA),
is a globally recognized tool for assessing passport mobility. Singapore retains its top spot for the
second consecutive year, while Japan ranks second after holding the top position from 2018-2023
Blue Origin’s New Glenn Rocket to Launch on January, 2025
Blue Origin is poised to launch its New Glenn rocket on January, 2025, marking a significant milestone
in the company’s space exploration endeavors. This inaugural mission aims to demonstrate the
rocket’s capabilities and establish Blue Origin as a formidable competitor in the commercial space
industry
UP Govt Teams Up with Google Cloud for AI Agri Network
The Uttar Pradesh government has signed an MoU with Google Cloud (India) to launch the Uttar
Pradesh Open Network for Agriculture (UPONA).
Powered by Gemini AI and Beacon technology, this digital public infrastructure aims to revolutionize
agriculture in the state by providing farmers with one-stop access to advisory services, credit,
mechanization, market connectivity, and real-time data on weather and microclimates.
Swiggy’s ‘Snacc’ App: 15-Minute Delivery Sparks Industry Debate
Swiggy has introduced ‘Snacc’, a standalone application promising delivery of snacks, beverages, and
meals within 15 minutes. This initiative aligns with the industry’s shift towards rapid food delivery
services.
Launched on January, 2025, in select Bengaluru areas, Snacc offers a diverse menu, including items
like chocolate cookies, Indian breakfast, coffee, tea, eggs, rolls, sandwiches, meals, and cold
beverages.
PARTH Yojana: Preparing Youth for Recruitment in Security Services
The PARTH Yojana (Police Army Recruitment Training & Hunar) is an innovative scheme launched in
Madhya Pradesh with the objective of providing pre-recruitment training to the state’s youth for entry
into the Indian Army, Police, and Para-Military forces. Announced by CM Mohan Yadav during the
State Level Youth Festival, the scheme emphasizes both physical and mental preparation while
instilling patriotism and discipline among participants
INROAD Project: Enhancing Natural Rubber Quality in India’s North-East
The INROAD (Indian Natural Rubber Operations for Assisted Development) project, launched with a
financial backing of ₹100 crore, aims to enhance the quality of natural rubber produced in India’s
North-East. This initiative focuses on skill development for rubber growers and the establishment of
model infrastructure, with support from key players in the tyre industry, demonstrating a unique
collaboration between agriculture and manufacturing.
Piyush Goyal Launches Bharat Cleantech Manufacturing Platform
Union Minister of Commerce & Industry, Shri Piyush Goyal, launched the Bharat Cleantech
Manufacturing Platform during the Bharat Climate Forum 2025 in New Delhi. This initiative aims to
strengthen India’s cleantech value chains in key sectors such as solar, wind, hydrogen, and battery
storage. The platform is expected to enhance collaboration, innovation, and financing in the clean
energy sector, making India a global leader in sustainability
India Sets New Record with 30 GW Green Energy in 2024
India achieved a record renewable energy capacity addition of 30 GW in 2024, according to data from
the Ministry of New & Renewable Energy (MNRE). This marks a 113% increase from 13.75 GW in 2023,
highlighting the country’s accelerating shift toward clean energy. The milestone assumes great
importance as India targets 500 GW of renewable energy capacity by 2030. The exponential growth
reflects India’s commitment to reducing its carbon footprint and building a sustainable future.
Centennial Recognition for Srinagar Meteorology Centre
Union Minister Dr Jitendra Singh announced the establishment of a Regional Meteorological Centre in
Jammu during a landmark event commemorating the 150th anniversary of the India Meteorological
Department (IMD). The announcement signifies a major step toward improving weather forecasting,
disaster preparedness, and climate resilience in the Jammu & Kashmir region
Smartphones to Laptops: India’s IT Revolution
In a landmark development for India’s electronics manufacturing sector, Union Minister Ashwini
Vaishnaw inaugurated Syrma SGS Technology’s advanced laptop assembly line in Chennai. This new
facility symbolizes India’s growing dominance in IT hardware production, expanding its success in
mobile manufacturing to high-value electronics like laptops. With initiatives under the Production
Linked Incentive (PLI) 2.0 scheme, India is taking significant steps towards becoming a global IT
hardware hub.
SECL Introduces Post-Retirement Benefit Cell
In a landmark initiative aimed at enhancing the welfare of its retired employees, South Eastern
Coalfields Limited (SECL), a Chhattisgarh-based subsidiary of Coal India Limited (CIL), has launched a
Post-Retirement Benefit (PRB) Cell. The cell, designed to provide a single-window solution for retired
employees, reflects SECL’s commitment to improving the post-retirement experience of its former
workforce.The new PRB Cell consolidates various post-retirement services under one roof, ensuring
that retirees no longer need to navigate between multiple departments.
Uttar Pradesh’s Strategic Move to Privatize Power Distribution Firms
Uttar Pradesh is considering the privatization of two of its four power distribution companies—
Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam. This initiative, as indicated
by a state government tender January, 2025, aims to address challenges such as power losses and
inadequate transmission infrastructure.
Odisha Integrates with Ayushman Bharat
Odisha became the 34th state to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana
(AB PM-JAY), marking a significant advancement in the state’s healthcare landscape. This integration
was formalized through a Memorandum of Understanding (MoU) between the National Health
Authority (NHA) of the Union Ministry of Health and Odisha’s Department of Health and Family
Welfare
Govt Approves 56 Watershed Projects Worth ₹700 Crore
The Ministry of Rural Development has sanctioned 56 new Watershed Development Projects under
the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) at a total cost of ₹700 crore. These projects aim
to enhance agricultural productivity, address land degradation, and bolster climate resilience across
ten high-performing states: Rajasthan, Madhya Pradesh, Karnataka, Odisha, Tamil Nadu, Assam,
Nagaland, Himachal Pradesh, Uttarakhand, and Sikkim
New Appointment Process for India’s Election Commissioners
The appointment procedure for India’s Chief Election Commissioner (CEC) and Election
Commissioners (ECs) has undergone significant changes with the enactment of the Chief Election
Commissioner and Other Election Commissioners (Appointment, Conditions of Service and Term of
Office) Act, 2023. This legislation introduces a structured selection process aimed at enhancing
transparency and accountability in the Election Commission of India
APAAR ID Registration, Full Form
The Ministry of Education and Government of India has initiated the APAAR ID, known as the “One
Nation One Student ID Card.” This groundbreaking program aims to digitally centralize academic
data, including degrees, scholarships, rewards, and other credits for students. In this article, we will
provide you with detailed information about the benefits of the APAAR ID and how to download it
from the official website
Bharat Cleantech Platform Boosts India’s Green Goals
On January, 2025, Union Minister of Commerce & Industry, Shri Piyush Goyal, unveiled the Bharat
Cleantech Manufacturing Platform at the Bharat Climate Forum 2025 in New Delhi. This initiative aims
to enhance India’s cleantech value chains in sectors such as solar, wind, hydrogen, and battery
storage, steering the nation towards its sustainability objectives.
National Turmeric Board Launched to Elevate India’s ‘Golden Spice’
On January, 2025, Union Minister of Commerce and Industry, Shri Piyush Goyal, inaugurated the
National Turmeric Board in New Delhi, appointing Shri Palle Ganga Reddy as its first Chairperson. The
Board’s headquarters is established in Nizamabad, Telangana, a prominent turmeric-producing
region
India Unveils ‘Utkash’ as Second Multi-Purpose Vessel
On January, 2025, the second of two Multi-Purpose Vessels (MPVs) built by M/s L&T Shipyard for the
Indian Navy was launched at the L&T Shipyard in Kattupalli, Chennai. The event was graced by Rajesh
Kumar Singh, Defence Secretary, along with senior officials from the Indian Navy and L&T Shipyard.
The vessel, named ‘Utkarsh’, signifies a leap forward in India’s indigenous shipbuilding capabilities and
aligns with the country’s broader vision of self-reliance in defense manufacturing
Hatti Tribes Celebrate Boda Tyohar in Trans-Giri
The Boda Tyohar festival, also known as Magho ko Tyohar, is the largest annual celebration for the
Hatti tribes of Himachal Pradesh’s Trans-Giri region. Celebrated by over three lakh members of the
Hatti community, this month-long festival marks the end of the ‘Magha’ month and is characterized
by unique cultural practices, rituals, and a strong sense of community unity. With a deep-rooted
tradition, Boda Tyohar holds immense cultural significance and is a vibrant showcase of Hatti customs
and beliefs
India to Host 28th Commonwealth Parliamentary Conference in 2026
India is set to host the 28th Conference of Speakers and Presiding Officers of Parliaments of
Commonwealth Countries (CSPOC) in January 2026. Lok Sabha Speaker Om Birla announced this
during the CSPOC Standing Committee Meeting in Guernsey.
The conference will focus on the integration of artificial intelligence (AI) and social media into
parliamentary processes, reflecting India’s commitment to technological advancement and modern
governance
Cabinet Nod for 8th Pay Commission Implementation
On January, 2025, Prime Minister Narendra Modi with his cabinet approved the formation of the 8th
Central Pay Commission (CPC) for central government employees. This decision, announced by Union
Minister Ashwini Vaishnaw, aims to revise the salaries and allowances of central government
employees, along with pensioners. The 8th Pay Commission will work to address the financial needs
of the workforce and ensure a timely revision of compensation structures.
India’s Hydrogen Train Engine Sets a Power Benchmark
India’s Railway Minister, Ashwini Vaishnaw, recently shared a remarkable achievement in the field of
green energy technology during the 18th Pravasi Bharatiya Divas. Indian Railways has developed the
world’s most powerful hydrogen fuel-run train engine, setting a new benchmark in global railway
innovation. The engine, built with Indigenous technology, reflects India’s growing capabilities in green
energy and sustainable development
ISKCON Temple Inaugurated by PM Modi in Navi Mumbai
Prime Minister Narendra Modi inaugurated the Sri Sri Radha Madanmohanji Temple of ISKCON in
Kharghar, Navi Mumbai, on January, 2025. Built over 12 years at a cost of ₹170 crore, this temple is
Asia’s second-largest ISKCON temple. It stands as a fusion of spirituality and knowledge, featuring
various facilities that reflect ISKCON’s mission to serve society
Singapore Confers Honorary Citizenship on Tarun Das
Singapore has awarded its highest honor for non-citizens, the Honorary Citizen Award, to Tarun Das,
former Director General of the Confederation of Indian Industry (CII), in recognition of his significant
contributions to strengthening Singapore-India relations
India-Spain Declare 2026 as ‘Dual Year’ for Culture, Tourism, and AI
In a significant diplomatic development, External Affairs Minister S Jaishankar announced that India
and Spain will commemorate 2026 as a ‘dual year’ focusing on culture, tourism, and advancements in
artificial intelligence (AI). This initiative aims to strengthen bilateral ties and promote mutual
understanding between the two nations
Piyush Goyal Launches PRABHAAV Factbook and Startup Challenge
The 9th Foundation Day of Startup India, celebrated in New Delhi, marked a significant milestone in
India’s journey toward becoming a global leader in innovation and entrepreneurship.
Union Minister of Commerce & Industry, Shri Piyush Goyal, launched key initiatives, including the
PRABHAAV Factbook and the Bharat Startup Challenge, while emphasizing the transformative role of
startups in shaping India’s economic and social landscape.
PM Modi Inaugurates Bharat Mobility Global Expo 2025
On January, 2025, Prime Minister Narendra Modi inaugurated the Bharat Mobility Global Expo 2025 at
10:30 AM at Bharat Mandapam, New Delhi.
This event, recognized as India’s largest mobility expo, aims to consolidate the entire mobility value
chain under one umbrella.
Maha Kumbh 2025: ‘One Plate, One Bag’ Campaign Launched
In a significant step toward promoting eco-friendly practices, the Rashtriya Swayamsevak Sangh (RSS)
has launched the “One Plate, One Bag” campaign at the Maha Kumbh 2025. This initiative aims to
make the world’s largest religious congregation plastic-free by encouraging the use of cloth bags and
steel plates and glasses instead of plastic alternatives
Archaeological Experiential Museum Launched in Vadnagar
On a historic day, the Union Ministry of Culture and the Gujarat State Government unveiled a stateof-the-art Archaeological Experiential Museum in Vadnagar. The inauguration ceremony was presided
over by Union Home Minister Shri Amit Shah and attended by Gujarat Chief Minister Shri
Bhupendrabhai Patel, Union Minister of Education Shri Dharmendra Pradhan, along with other senior
officials. This landmark project showcases the rich cultural and historical heritage of Vadnagar, a town
with a history spanning over 2,500 years.
India-Spain Declare 2026 as ‘Dual Year’ for Culture, Tourism, and AI
In a significant diplomatic development, External Affairs Minister S Jaishankar announced that India
and Spain will commemorate 2026 as a ‘dual year’ focusing on culture, tourism, and advancements in
artificial intelligence (AI). This initiative aims to strengthen bilateral ties and promote mutual
understanding between the two nations.
Piyush Goyal Launches PRABHAAV Factbook and Startup Challenge
The 9th Foundation Day of Startup India, celebrated in New Delhi, marked a significant milestone in
India’s journey toward becoming a global leader in innovation and entrepreneurship.
Union Minister of Commerce & Industry, Shri Piyush Goyal, launched key initiatives, including the
PRABHAAV Factbook and the Bharat Startup Challenge, while emphasizing the transformative role of
startups in shaping India’s economic and social landscape.
PM Modi Inaugurates Bharat Mobility Global Expo 2025
On January, 2025, Prime Minister Narendra Modi inaugurated the Bharat Mobility Global Expo 2025 at
10:30 AM at Bharat Mandapam, New Delhi.
This event, recognized as India’s largest mobility expo, aims to consolidate the entire mobility value
chain under one umbrella
Maha Kumbh 2025: ‘One Plate, One Bag’ Campaign Launched
In a significant step toward promoting eco-friendly practices, the Rashtriya Swayamsevak Sangh (RSS)
has launched the “One Plate, One Bag” campaign at the Maha Kumbh 2025. This initiative aims to
make the world’s largest religious congregation plastic-free by encouraging the use of cloth bags and
steel plates and glasses instead of plastic alternatives
Archaeological Experiential Museum Launched in Vadnagar
On a historic day, the Union Ministry of Culture and the Gujarat State Government unveiled a stateof-the-art Archaeological Experiential Museum in Vadnagar. The inauguration ceremony was presided
over by Union Home Minister Shri Amit Shah and attended by Gujarat Chief Minister Shri
Bhupendrabhai Patel, Union Minister of Education Shri Dharmendra Pradhan, along with other senior
officials. This landmark project showcases the rich cultural and historical heritage of Vadnagar, a town
with a history spanning over 2,500 years
Govt Launches App to Boost Battlefield Tourism
In a significant initiative to connect civilians with the valorous history of India’s armed forces, the
government has launched the “Bharat Ranbhoomi Darshan” app and website on January, 2025,
coinciding with Army Day celebrations in Pune, Maharashtra.
Developed jointly by the Ministries of Defence, Tourism, and the Indian Army, the app allows civilians
to visit key battlefield locations, including those of the 1962, 1971, and 1999 wars, and significant
conflict zones like Siachen base camp and Galwan valley.
Cabinet Approves ₹11,440 Crore Revival Package for Debt-Ridden RINL
The Union Cabinet has sanctioned a substantial ₹11,440 crore package to revitalize Rashtriya Ispat
Nigam Limited (RINL), commonly known as Vizag Steel, addressing its critical financial challenges. This
strategic intervention aims to infuse ₹10,300 crore as equity capital into RINL and convert ₹1,140
crore of its working capital loans into 7% non-cumulative preference share capital, redeemable after a
decade.
International News
Russia declares federal state of emergency over oil spill in Black Sea.
Russian authorities have declared a federal state of emergency due to a catastrophic oil spill off the
Black Sea coast. The environmental crisis, which occurred on December 15, has caused widespread
pollution in the region. It has seriously impacted local communities, marine ecosystems and coastal
economies.
Two Russian-flagged oil tankers suffered severe damage during a storm near the Kerch Strait, causing
huge amounts of fuel oil (mazut) to leak into the Black Sea. The spill polluted about 55 kilometres (34
miles) of coastline
China Unveils World’s Fastest High-Speed Train Prototype
China has introduced the CR450, the world’s fastest high-speed train prototype, with test speeds
reaching 450 km/h. Surpassing the current CR400 Fuxing trains (350 km/h), the CR450 marks a
breakthrough in rail technology, combining speed with advancements in energy efficiency, safety, and
passenger comfort. This innovation aligns with China’s ambitious plans to expand its high-speed rail
network to 70,000 km by 2035, cementing its leadership in global rail systems.
Switzerland Enforces Facial Covering Ban, Raises Pensions in New Year
Switzerland is implementing a series of significant changes starting January, 2025, which impact
various sectors including legal, economic, and social frameworks. These include a ban on facial
coverings, reforms to inheritance laws, increased pensions, and measures to strengthen bank solvency
and liquidity. The changes reflect a growing alignment with European norms and a response to past
financial crises. Here is a detailed overview of these changes
India-Nepal “Surya Kiran” Military Exercise Begins
The 18th edition of the India-Nepal joint military exercise “Surya Kiran” has commenced at Saljhandi,
Nepal, on January, 2025. This annual exercise aims to enhance interoperability in jungle warfare,
counter-terrorism operations in mountainous terrains, and humanitarian assistance and disaster relief
under the United Nations Charter
Magnus Carlsen, Nepomniachtchi Share Blitz Title: Controversy Ensues
The decision by Magnus Carlsen and Ian Nepomniachtchi to share the World Blitz Championship title
at the FIDE Rapid and Blitz Championship in New York has caused significant uproar in the chess
world. The controversy escalated after a video surfaced where Carlsen and Nepomniachtchi appeared
to strategize on how to pressure FIDE into allowing them to co-win the title. Many prominent chess
figures have voiced their criticisms, with accusations of possible match-fixing and manipulation of
tournament rules.
Human Metapneumovirus (HMPV) Outbreak in China
China is currently experiencing a significant increase in human metapneumovirus (HMPV) cases,
leading to concerns about a potential health crisis reminiscent of the COVID-19 pandemic. Reports
indicate that hospitals are becoming overcrowded, with suggestions of multiple viruses, including
HMPV, influenza A, Mycoplasma pneumoniae, and COVID-19, contributing to the situation. Despite
some claims of a state of emergency, there has been no official confirmation from Chinese authorities.
Mike Johnson Re-Elected as US House Speaker
Mike Johnson, a Republican from Louisiana, was re-elected as the Speaker of the U S House of
Representatives in a tense, high-stakes vote on the first day of the new Congress. Despite opposition
from hard-right Republicans and the looming challenges of unified GOP control, Johnson secured the
position with the support of President-elect Donald Trump.
This re-election came with a number of challenges, including a slim majority, internal Republican
divisions, and heightened political stakes as the GOP prepares for ambitious policy initiatives under
Trump’s leadership
Hanoi Declared World’s Most Polluted City
Hanoi, Vietnam’s capital, has recently been identified as the world’s most polluted city, with PM2.5
levels reaching 266 micrograms per cubic meter. This alarming air quality has raised significant health
concerns among residents and prompted government action.
The Southeast Asian country, a regional manufacturing hub with one of the fastest-growing
economies in Asia, has reported severe air pollution in its major cities for years, particularly in Hanoi.
Indonesia’s Addition Strengthens BRICS Alliance
Indonesia has officially become a full member (11th) of the BRICS group of emerging economies.
Brazil, holding the presidency of BRICS for 2025, announced this development, noting that Indonesia’s
candidacy was endorsed by BRICS leaders at the Johannesburg summit in 2023. Indonesia’s
membership aligns with the ongoing efforts to reform global governance institutions and deepen
cooperation within the Global South, key priorities for Brazil’s BRICS presidency
Meet Sister Inah Lucas: The World’s Oldest Living Person
At 116 years old, Sister Inah Canabarro Lucas from Rio Grande do Sul, Brazil, has been confirmed as
the world’s oldest living person by LongeviQuest. Her confirmation came after the death of Tomiko
Itooka of Japan on December, 2024.
A lifelong nun, teacher, and soccer enthusiast, Lucas has made history as the 20th oldest person ever
recorded and the second-oldest nun in documented history. Her inspiring journey spans faith,
education, and a passion for soccer.
India-US Collaboration on Sonobuoy Production for Indian Navy
India and the US have entered into a significant partnership for co-producing US sonobuoys to
enhance undersea domain awareness (UDA) for the Indian Navy. This move is part of a broader
collaboration aimed at improving naval capabilities and tracking submarines in the deep seas, in
response to the growing Chinese naval presence in the Indian Ocean Region (IOR).
Lebanon Elects General Joseph Aoun as President After 2-Year Deadlock
Lebanon’s parliament has elected General Joseph Aoun as the country’s new president, effectively
ending a two-year political vacuum. The election, held on January, 2025, concluded a prolonged
period of political paralysis that began after the term of former President Michel Aoun ended in
October 2022. General Aoun, who has led the Lebanese Armed Forces since 2017, secured 99 out of
128 votes in the second round of voting, surpassing the required majority
Wildfires immobilize Los Angeles, a state in crisis
In January 2025, Southern California is burning through the most devastating wildfire season in its
history, with multiple major fires threatening Los Angeles County. The fires have caused widespread
devastation, loss of life and severe disruption to daily life.
As climate change accelerates, gardens that are adaptable to such fires are being reclaimed, the
region is facing a critical crisis. This article provides detailed information on the ongoing situation, the
impact of the fires, and contributing documents
India’s Jaishankar to Join Trump’s Swearing-In Ceremony
Dr S Jaishankar, India’s External Affairs Minister (EAM), will represent India at the swearing-in
ceremony of President-elect Donald Trump on January 20, 2025. The inauguration is a significant
event as Trump will begin his second term as the 47th President of the United States.
Jaishankar’s visit is an important diplomatic occasion, marking continued engagement between India
and the US as both countries explore avenues to strengthen their partnership.
Mount Ibu Erupts in North Maluku, Indonesia
Mount Ibu, situated in North Maluku, Indonesia, erupted on January, 2025, sending ash clouds up to
4,000 meters high and ejecting glowing lava up to two kilometers from its crater. This event has
prompted authorities to issue warnings and implement safety measures for the public
Venezuela’s Maduro Sworn in Amid Electoral Controversy
Nicolas Maduro, the President of Venezuela (46th President), was sworn in for a third six-year term
following a contentious election. His opponent, Edmundo Gonzalez, claimed voter fraud and declared
himself the rightful winner of the July elections.
Despite international pressure and sanctions, particularly from the United States, Maduro’s
inauguration took place amid widespread controversy and public protests
6.9 Magnitude Earthquake Hits Japan, Tsunami Advisory Issued
On January, 2025, at 9:19 PM local time, a magnitude 6.9 earthquake struck southwestern Japan, with
its epicenter located in the Hyuga-Nada Sea off Miyazaki Prefecture. The Japan Meteorological
Agency (JMA) issued a tsunami advisory for Miyazaki and nearby Kochi Prefectures, warning of
potential waves up to one meter in height. The advisory was later lifted, and no significant damage or
injuries have been reported.
India-US Sonobuoy Production Line Set for 2027
India and the US are set to collaborate on the co-production of sonobuoys, a crucial technology for
undersea domain awareness, aimed at enhancing the Indian Navy’s ability to detect submarines. This
initiative will involve the final assembly of US -specification sonobuoys in India, with the operational
production line expected to be ready by 2027.
China launches Pakistan’s satellite into space
On January, 2025, China successfully launched Pakistan’s first indigenous Electro-Optical (EO-1)
satellite, PRSC-EO1, from the Jiuquan Satellite Launch Center. The satellite, designed to collect Earth
observation data using electro-optical sensors, was deployed into its planned orbit by a Long March2D carrier rocket at 12:07 pm Beijing Time
TikTok Suspends Operations Following US Ban
TikTok’s brief shutdown in the United States occurred in January 2025 due to the enforcement of a
law banning the app due to national security concerns. The law, passed with bipartisan support,
required ByteDance, TikTok’s parent company, to sell the app to a US -based entity. However, within
hours of the shutdown, TikTok was restored, thanks to an intervention by President-elect Donald
Trump, who promised to delay the enforcement of the ban through an executive order.
Kokborok Language Protests Call for Roman Script Adoption
The Tribal Students’ Federation (TSF) has renewed its protest in Tripura, demanding the adoption of
the Roman script for the Kokborok language. This demand is not new, as the TSF has been advocating
for years to have question papers prepared in both Bengali and Roman scripts. The protests are aimed
at addressing the challenges faced by students who are required to write exams in Bengali script
despite Kokborok being officially recognized. This movement highlights the need for greater
recognition and support for Kokborok, which is spoken by a significant portion of the state’s
population
China Unveils World’s Longest Tunnel, Enhances BRI Connectivity
China has completed the construction of the Tianshan Shengli Tunnel, the world’s longest expressway
tunnel, marking a significant advancement in infrastructure development and enhancing connectivity
within the Xinjiang Uygur Autonomous Region.
Tunnel Specifications: The Tianshan Shengli Tunnel spans 22.13 kilometers and is a pivotal component
of the Urumqi-Yuli Expressway, which connects Urumqi in northern Xinjiang to Yuli County in the
south
Sports
Bumrah Breaks Record for Fastest 200 Wickets by an Indian
Jasprit Bumrah achieved a remarkable milestone, becoming the fastest Indian bowler to reach 200
wickets in Test cricket during the Border-Gavaskar Trophy at the MCG in Melbourne.
Bumrah’s achievement is notable not just for its speed but also for the efficiency with which he has
attained this milestone in just 44 Tests, surpassing the previous Indian record held by Mohammed
Shami.
Lakshya Sen Secures Third Place at King Cup
India’s badminton star, Lakshya Sen, showcased his talent with an impressive third-place finish at the
inaugural King Cup International Badminton Open held in Bangkok, Thailand.
The 23-year-old from Almora defeated French rising star Alex Lanier in the bronze-medal playoff.
Despite a narrow loss in the semifinals, Lakshya’s strong performance underlined his consistency and
resilience on the international stage
Koneru Humpy From Retirement Doubts to Rapid Glory
Koneru Humpy, the pioneering force in Indian women’s chess, scripted another chapter of glory by
winning her second Women’s World Rapid Chess Championship title in New York at the age of 37.
Her remarkable journey from contemplating retirement to reclaiming the world crown underscores
her resilience and passion for the game. Humpy’s story is not just about victories on the chessboard
but also about balancing motherhood, family support, and a challenging professional chess career.
Martin Guptill Announces Retirement from International Cricket
New Zealand’s prolific opener, Martin Guptill, has officially retired from international cricket,
concluding a distinguished 14-year career that began in 2009. Throughout his tenure, Guptill
represented the Black Caps in 198 One Day Internationals (ODIs), 122 Twenty20 Internationals (T20Is),
and 47 Test matches, amassing a total of 14,877 runs across all formats
ICC Players of the Month for December 2024 AnnouncedThe
International Cricket Council (ICC) recognizes exceptional individual performances in international
cricket by awarding the ICC Men’s and Women’s Players of the Month titles. For December 2024,
these honors have been bestowed upon India’s Jasprit Bumrah and Australia’s Annabel Sutherland,
acknowledging their stellar contributions on the global cricketing stage.
Axelsen and An Se-young Triumph at India Open 2025
Viktor Axelsen and An Se-young clinched the men’s and women’s singles titles, respectively, at the
India Open Super 750 badminton tournament in New Delhi. Axelsen secured his third India Open title
by defeating Hong Kong’s Lee Cheuk Yiu in straight games, 21-16, 21-8, in just 41 minutes. An Seyoung showcased her dominance by overcoming Thailand’s Pornpawee Chochuwong 21-12, 21-9. In
the doubles events, Malaysia’s Goh Sze Fei and Nur Izzuddin, Japan’s Arisa Igarashi and Ayako
Sakuramoto, and China’s Jiang Zhen Bang and Wei Ya Xin emerged victorious
Banking/Economy
Deloitte Projects Indian Economy to Grow at 6.5-6.8% in FY25
The Indian economy is projected to grow at 6.5-6.8% in FY2025, driven by domestic consumption,
infrastructure development, and digitisation, according to Deloitte India. Growth is expected to rise
further to 6.7-7.3% in FY2026. However, challenges such as geopolitical tensions, trade disputes, and
global liquidity constraints may weigh on the long-term outlook. Deloitte highlighted India’s resilience
in services, manufacturing exports, and stable capital markets, which could offset global uncertainties
and support economic growth
GDP to Grow at 6.6% in FY25: RBI
The Reserve Bank of India (RBI), in its December 2024 Financial Stability Report (FSR), projected India’s
GDP growth at 6.6% for FY25, driven by a revival in rural consumption, increased government
spending, and strong services exports. Despite a moderation in GDP growth to 6% in H1 FY25 from
8.2% in H1 FY24, the RBI highlighted India’s economic resilience, supported by sound macroeconomic
fundamentals, improved asset quality in banks, and robust financial system indicators.
RBI Introduces Name Lookup for NEFT and RTGS
The Reserve Bank of India (RBI) has announced a name lookup facility for Real-Time Gross Settlement
(RTGS) and National Electronic Funds Transfer (NEFT) systems, aiming to reduce fraud and errors. This
feature, similar to what Unified Payments Interface (UPI) and Immediate Payment Service (IMPS) offer,
will allow remitters to verify the beneficiary’s name before initiating transactions.
India’s Coffee Exports Surge to Record High in FY24
India’s coffee exports have reached a remarkable milestone, achieving a record $1.14 billion between
April and November of FY24, marking a 29% increase from the same period last year. The growth has
been fueled by rising global demand for Robusta coffee and supply chain challenges faced by major
coffee-producing nations like Brazil and Vietnam. India’s high-quality coffee, primarily from Karnataka,
has carved a niche in premium global markets, further driving this surge.
SBI Enhances NRI Account Opening with TAB-Based Digital Onboarding
The State Bank of India (SBI) has introduced a TAB-based end-to-end digital onboarding process for
Non-Resident Indians (NRIs) to streamline the opening of Non-Resident External (NRE) and NonResident Ordinary (NRO) accounts.
This initiative, launched on January, 2025, aims to eliminate physical paperwork and expedite account
setup through digital document verification.
Chhattisgarh’s Green GDP Initiative
Chhattisgarh has become the first Indian state to incorporate the ecological services of its forests into
its economic framework by adopting the Green Gross Domestic Product (Green GDP) model. This
initiative aims to link environmental contributions—such as clean air, water conservation, and
biodiversity—to the state’s economic growth, ensuring sustainable development while preserving
natural resources for future generations
India Revises GDP Base Year to 2022-23
In a significant move to enhance the accuracy of economic assessments, the Government of India has
announced plans to update the base year for calculating Gross Domestic Product (GDP) from 2011-12
to 2022-23. This revision, the first in over a decade, aims to better reflect the current economic
landscape and structural changes
Nomura Lowers India’s FY25 GDP Growth Forecast to 6.7%
Nomura has adjusted its forecast for India’s fiscal year 2025 GDP growth to 6.7%, down from the
previous estimate of 6.9%. This revision follows official data indicating a slowdown in the April-June
quarter, where GDP growth was 6.7%, below expectations and a decline from the 7.8% growth in the
previous quarter
HDFC Bank Secures RBI Approval to Acquire Stakes in Peer Banks
HDFC Bank, India’s largest private sector lender, has received the Reserve Bank of India’s (RBI)
approval to acquire up to a 9.5% stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital
Small Finance Bank. This strategic move is facilitated through its group entities, including HDFC
Mutual Fund, HDFC Life Insurance, HDFC ERGO General Insurance, and HDFC Pension Fund
Management.
Indian Railways’ Capital Expenditure in FY25
Indian Railways has achieved a significant milestone in the fiscal year 2024-25 (FY25) by surpassing ₹2
lakh crore in capital expenditure (capex), accounting for 76% of its budgetary allocation. By December
2024, Indian Railways expended approximately ₹1.91 lakh crore from the GBS, ₹824 crore from
external resources, and ₹8,733 crore from extra-budgetary resources, totaling over ₹2 lakh crore.
Fiscal Deficit Target on Track Despite Revised GDP Growth
Despite a downward revision in India’s GDP growth forecast for the fiscal year 2024-25, the
government’s fiscal deficit target of 4.9% of GDP remains attainable. The National Statistics Office
(NSO) has projected a nominal GDP growth of 9.7% for FY25, slightly below the earlier estimate of
10.5%. This adjustment is expected to have a minimal impact on the fiscal deficit, as the government
plans to reduce capital expenditure to offset the lower GDP growth
RBI Lifts Lending Restrictions on Asirvad Micro Finance and DMI Finance
The Reserve Bank of India (RBI) has lifted the restrictions imposed on Asirvad Micro Finance Limited
and DMI Finance Private Limited, allowing them to resume loan sanctioning and disbursal operations
immediately.
The regulator had said in October 2024 that it observed concerns in the Pricing Policy of these
companies in terms of their Weighted Average Lending Rate (WALR) and the Interest Spread charged
over their cost of funds, found to be excessive and not in adherence with the regulations
PhonePe, ICICI Lombard Launch Maha Kumbh Mela Insurance
In anticipation of the Maha Kumbh Mela, scheduled from January to February 26, 2025, in Prayagraj,
Uttar Pradesh, PhonePe has partnered with ICICI Lombard General Insurance to offer specialized
insurance coverage for attendees. This initiative aims to provide comprehensive and affordable
protection for millions of devotees participating in this significant spiritual gathering
India’s Economic Growth Projections for FY2025-26: Bank of Baroda
Recent forecasts indicate that India’s economy is poised for significant growth in the fiscal year 2025-
26, with projections ranging from 6.6% to 6.8%. This anticipated expansion underscores India’s
resilience and its pivotal role in driving regional economic development
Shriram Housing Finance Rebrands as Truhome Finance
In a significant development, Shriram Housing Finance has rebranded itself as Truhome Finance,
marking a pivotal shift in its corporate identity and strategic direction. This transformation follows the
acquisition by Warburg Pincus and co-investors, including Qatar’s sovereign wealth fund, QIA. The
rebranding aligns with the company’s vision to enhance accessibility to affordable home loans across
diverse socio-economic segments
PNB MetLife Joins Hands with Saraswat Bank for Financial Inclusion
On January, 2025, PNB MetLife India Insurance Company Limited announced a strategic
bancassurance partnership with Saraswat Co-Operative Bank Ltd., India’s largest urban co-operative
bank. This collaboration aims to provide a comprehensive range of life insurance solutions—including
savings, protection, retirement, and group plans—to Saraswat Bank’s extensive customer base of
approximately 30 lakh individuals across 302 branches nationwide.
FICCI Revises India’s Economic Projections for FY 2024-25
The Federation of Indian Chambers of Commerce and Industry (FICCI) has adjusted its economic
forecasts for India, projecting a GDP growth rate of 6.4% and a Consumer Price Index (CPI)-based
inflation rate of 4.8% for the fiscal year 2024-25. This revision reflects a cautious outlook amid global
uncertainties and domestic challenges
India’s FY25 Growth Forecast Cut to 6.5% by IMF
The International Monetary Fund (IMF) has revised India’s economic growth forecast for FY25,
reducing it to 6.5%, down from earlier projections. Despite this downward revision, the IMF retained a
stable growth outlook for FY26. The adjustment reflects current challenges, including global economic
uncertainties and domestic inflationary pressures, which may impact India’s growth trajectory. This
revision comes in the context of the country’s ongoing recovery post-pandemic, with the IMF also
citing inflation, investment slowdown, and geopolitical risks as key factors that could affect economic
momentum
RBI Allows Overseas Banks to Open INR Accounts
In a significant policy shift, the Reserve Bank of India (RBI) has authorized overseas branches of
authorized banks to open Indian Rupee (INR) accounts for non-residents. This initiative aims to
bolster the global use of the Indian Rupee in cross-border transactions and investments.
RBI’s Record Forex Intervention in November 2024
In November 2024, the Reserve Bank of India (RBI) sold a record $20.2 billion in the foreign exchange
market to stabilize the rupee amid significant foreign portfolio investor (FPI) outflows. This
intervention increased the RBI’s net short position in the forward market to $58.9 billion by the end of
the month, up from $49.18 billion in October.
Indian Economy Projected to Grow at 7% in FY25: Moody’s Revises Forecast
The global ratings agency Moody’s has downgraded India’s economic growth forecast for the fiscal
year 2024-2025 to 7%, down from the 8.2% growth recorded in the previous fiscal year. This revision
reflects a combination of domestic and global economic slowdown and a weaker-than-expected
performance in key sectors. The revised forecast aligns with the trend observed in other major
economic organizations, including the Federation of Indian Chambers of Commerce and Industry
(FICCI) and the Asian Development Bank (ADB), which have also lowered their growth projections.
Mudra Loans Disbursal Hits Record ₹3.39 Lakh Crore in Q3 FY25
In the third quarter of the fiscal year 2024-25, the Pradhan Mantri Mudra Yojana (PMMY) achieved a
historic milestone by disbursing ₹3.39 lakh crore in loans, marking the highest quarterly disbursement
since the scheme’s inception in 2015. This significant uptick underscores the government’s ongoing
commitment to bolstering micro and small enterprises across India
Appointments
Vitul Kumar Appointed Officiating DG of CRPF
Vitul Kumar, a 1993-batch IPS officer from the Uttar Pradesh cadre, has been appointed as the
officiating Director General (DG) of the Central Reserve Police Force (CRPF) following the retirement of
Anish Dayal Singh on December, 2024.
Kumar, who is currently serving as the Special Director General of the CRPF, will oversee the force
during a crucial period, especially with the ongoing challenges in regions like Chhattisgarh and
Manipur. His appointment ensures continuity in leadership until a permanent successor is named
Rajat Verma Appointed CEO of DBS Bank India
Rajat Verma, the current head of the Institutional Banking Group at DBS Bank India, has been
appointed as the new CEO of DBS Bank India, effective March 1, 2025. This announcement comes
after the retirement of Surojit Shome, who has been at the helm since 2015. Verma’s appointment,
subject to Reserve Bank of India (RBI) approval, marks a new phase for DBS India as it continues its
growth trajectory in India, one of the bank’s key markets.
Air Marshal Jeetendra Mishra Assumes Command of IAF’s Western Air Command
Air Marshal Jeetendra Mishra assumed command of the Indian Air Force’s (IAF) Western Air
Command, succeeding Air Marshal Pankaj Mohan Sinha, who retired after over 39 years of
distinguished service.
Mishra’s career spans over three decades, holding significant command and staff positions, and he is
a recipient of prestigious service medals.
Manish Singhal Appointed Secretary General of ASSOCHAM
The Associated Chambers of Commerce and Industry of India (ASSOCHAM), one of India’s oldest apex
business chambers (established in 1920), has appointed Manish Singhal as its new Secretary General.
Singhal, an industry veteran with over 35 years of experience, takes over from Deepak Sood, who
served for five years and transformed the chamber’s operations, leaving behind a robust financial
foundation
Bhuvnesh Kumar Appointed UIDAI CEO
IAS officer Bhuvnesh Kumar, a 1995 batch officer from the Uttar Pradesh cadre, assumed charge as
the CEO of the Unique Identification Authority of India (UIDAI) on January, 2025. UIDAI, which
administers Aadhaar, plays a pivotal role in India’s digital identity infrastructure. Kumar, who also
serves as an additional secretary at the Ministry of Electronics and Information Technology (MEITY),
succeeds Amit Agrawal, a 1993 batch IAS officer. Under Kumar’s leadership, UIDAI aims to maintain its
significant contributions to India’s governance and service delivery
T Pandey Revenue Secretary and A. Chawla Secretary DIPAM Appointed
On January, 2025, the Appointments Committee of the Cabinet (ACC) approved significant changes in
top positions within the Ministry of Finance, ahead of the Union Budget 2025. These strategic
appointments include the reassignment of Tuhin Kanta Pandey and Arunish Chawla to key roles.
These reshuffles are seen as pivotal as the government prepares for the budget presentation by
Finance Minister Nirmala Sitharaman on February 1, 2025.
Justice B N Srikrishna to Lead Advisory Board of Equal and OneMoney
Retired Justice B N Srikrishna has been appointed as the Chairman of the newly established Advisory
Board for Equal, an identity verification and data-sharing platform, and its strategic investee,
OneMoney, an account aggregator.
This appointment aligns with the government’s recent release of the draft rules for the Digital
Personal Data Protection (DPDP) Act, signaling a stronger regulatory push for data security and
privacy.
Justice Arun Mishra: New Ombudsman of BCCI
Justice Arun Mishra, a former Supreme Court judge, has been appointed as the Ombudsman and
Ethics Officer of the Board of Control for Cricket in India (BCCI). The announcement was made and
marking another significant milestone in his illustrious career. Justice Mishra’s extensive legal
expertise and leadership experience make him well-suited for the dual responsibilities of ensuring
ethical practices and addressing disputes within the BCCI.
Awards
Sai Paranjpye to Receive Padmapani Lifetime Achievement Award
Sai Paranjpye, a legendary director and writer in Indian cinema, is set to be honored with the
Padmapani Lifetime Achievement Award at the upcoming Ajanta-Ellora International Film Festival
(AIFF) 2025. Known for her impactful slice-of-life films such as Sparsh, Chashme Buddoor, Katha, and
Saaz, Paranjpye is regarded as a pillar of India’s parallel cinema movement, which gained prominence
in the 1970s and 1980s
Odia Poet Prativa Satpathy to Receive Gangadhar National Award
The Gangadhar National Award for Poetry 2023 will be conferred upon the renowned Odia poet
Prativa Satpathy by Sambalpur University on its 58th foundation day on January 5. The award,
instituted in 1989, recognizes excellence in the field of poetry and is named after the eminent Odia
poet Gangadhar Meher. Over the years, many distinguished poets have received the award, and
Prativa Satpathy is the latest recipient. This award aims to honor poets who have made significant
contributions to the literary world.
Miscellaneous
DPIIT Partners with boAt to Boost Startup Ecosystem in India
The Department for Promotion of Industry and Internal Trade (DPIIT) has entered a strategic
partnership with boAt, a prominent Indian audio and wearables brand, to foster innovation and
support DPIIT-recognized startups, especially in the Direct-to-Consumer (D2C) and manufacturing
sectors. This collaboration aims to provide essential mentorship, resources, and guidance, helping
startups scale both locally and internationally. With boAt’s industry expertise and the government’s
backing, the initiative is poised to empower the Indian startup ecosystem
Reliance Acquires Karkinos Healthcare for ₹375 Crore
In a strategic move to bolster its healthcare portfolio, Reliance Industries, led by Mukesh Ambani, has
acquired oncology-focused platform Karkinos Healthcare for ₹375 crore. This acquisition, completed
through Reliance Strategic Business Ventures Ltd (RSBVL), is a significant step towards expanding the
company’s reach in cancer detection, diagnosis, and treatment.
Musi River’s Historic Buildings on 2025 World Monuments Watch
The Musi River Historic Buildings in Hyderabad have been included on the prestigious 2025 World
Monuments Watch list, an initiative by the New York-based World Monuments Fund (WMF). The
selection of these buildings highlights the urgent need for their preservation amidst ongoing
environmental challenges, including the degradation of the Musi River and rapid urban development
in the city.
First ‘Mann Ki Baat’ of 2025 by PM Modi
The first ‘Mann Ki Baat’ of 2025 was conducted by the Prime Minister on January 2025, a week earlier
than usual, to accommodate the Republic Day celebrations on January 26. This special broadcast
marked the 75th anniversary of the Indian Republic and included discussions on the Constitution,
democracy, cultural traditions, advancements in space technology, and human-animal harmony.
CII Projects 7% GDP Growth for 2025-26 Amid Rising Investments
The Confederation of Indian Industry (CII) anticipates India’s Gross Domestic Product (GDP) to grow
by 7% in the fiscal year 2025-26, driven by an uptick in private investments and employment
generation. A recent pan-India survey by CII reveals that 75% of respondents view the current
economic climate as favorable for private investments.
Uttarakhand-Iceland Partnership for Geothermal Energy
In a significant step toward achieving carbon neutrality by 2070, the Uttarakhand government has
initiated a collaboration with Iceland, a global leader in geothermal energy, to harness the geothermal
potential in the state. This partnership aims to explore the vast geothermal resources of Uttarakhand,
paving the way for sustainable energy solutions.
GOI Launches ‘Entity Locker’ For Efficient Business Document Management
The government has unveiled a groundbreaking digital platform called Entity Locker, building on the
success of DigiLocker. This initiative is designed to streamline the management and verification of
business and organizational documents, ensuring a more efficient and secure digital governance
system
INS Mumbai Joins La Perouse 2025
The Indian Navy’s guided-missile destroyer, INS Mumbai, is actively participating in the fourth edition
of the multinational exercise La Perouse, which commenced on January, 2025. This exercise involves
nine nations and is being conducted in the strategic waterways of the Malacca, Sunda, and Lombok
straits, vital corridors for global maritime trade
India Tests ‘Bhargavastra’ Micro-Missile for Countering Drone Swarms
India has successfully tested its first indigenous micro-missile system, ‘Bhargavastra,’ designed to
counter swarm drone threats. This development marks a significant milestone in enhancing the
nation’s defense capabilities against emerging aerial threats
Flamingo Festival 2025 Concludes in Andhra Pradesh
The three-day Flamingo Festival 2025 in Andhra Pradesh concluded on January, 2025, with calls to
protect the rich biodiversity of the region, specifically in Pulicat Lake and Nelapattu Bird Sanctuary.
The event, which attracted numerous visitors, particularly bird watchers and photographers, was
hailed as a major success
