Current Affairs Quiz - February 2025

Notes:
India Gate was illuminated in purple and orange on 30th January 2025 for World Neglected Tropical Diseases (NTDs) Day. World NTDs Day has been observed annually on 30th January since 2022. The day aims to raise awareness about NTDs and the need for global action. Iconic landmarks worldwide are lit up to highlight the cause. NTDs are infectious diseases that mainly affect poor communities in tropical regions. These diseases receive less attention compared to other major health issues.

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World Economic Forum has published “Centre for the Fourth Industrial Revolution Network 2023-2024 Impact Report”. The report highlights key innovations tackling global challenges. It focuses on seven core areas, including AI, agriculture, health, biotechnology, and energy transition. Drones are being used to deliver healthcare in India. Autonomous mobility in Saudi Arabia has improved transport efficiency and safety. Alternative proteins, including plant-based and cultivated sources, are being developed for food security. The Saagu Baagu pilot in Telangana helped 7,000 chili farmers increase incomes and reduce agriculture’s environmental impact through agritech.

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IIM Sambalpur will research the impact of Subhadra Yojana in Odisha. An MoU was signed with the Women and Child Development (W&CD) Department at Utkarsh Odisha: Make in Odisha Conclave-2025. The institute will conduct real-time assessments, provide policy recommendations, and develop monitoring frameworks. The scheme provides ₹10,000 annually to eligible women for five years (₹50,000 total). It aims to foster women’s entrepreneurship and support child development. The scheme is expected to benefit over 1 crore women in Odisha.

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RBI released the Digital Payments Index (RBI-DPI) to measure the growth of digital transactions in India. Digital payments grew by 11.1% YoY as of September 2024. The RBI-DPI for September 2024 stood at 465.33, up from 445.50 in March 2024. The index tracks five key factors: Payment Enablers, Infrastructure (Demand & Supply), Payment Performance, and Consumer Centricity. UPI’s share in digital payments surged from 34% in 2019 to 83% in 2024, with a CAGR of 74%. UPI transactions grew from ₹5.86 lakh crore (2018) to ₹246.83 lakh crore (2024).

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The Economic Survey projects 6.3-6.8% growth for 2025-26, driven by a strong external account, fiscal consolidation, and stable private consumption. It stresses that domestic growth drivers will be more crucial than external factors in the future. The Survey calls for deregulation and reforms to focus on economic freedom for individuals and organizations. India’s growth is estimated at 6.4% in 2024-25, the slowest in four years. The retreat of globalization means India must leverage its demographic dividend and strong domestic balance sheets for future growth.

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The elusive rusty-spotted cat was recently spotted in the jungles of West Bengal’s Purulia district for the first time. It is the world’s smallest and lightest cat, weighing less than 1.5 kilograms. Scientifically known as Prionailurus rubiginosus, it features a fawn-grey coat with rusty spots, a short rounded head with white streaks by the eyes, and a moderately long, unmarked rusty tail. Its large eyes aid its nocturnal habits, while short legs and black-soled feet enhance agility. India holds 80% of its population, and it is listed as Near Threatened by the IUCN.

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The Finance Minister announced that National Bank for Financing Infrastructure and Development (NaBFID) will establish a partial credit enhancement facility for corporate bonds in the infrastructure sector. NaBFID is a specialized Development Finance Institution (DFI) supporting infrastructure development in India. It was established in 2021 under the National Bank for Financing Infrastructure and Development Act, 2021. Its objectives include filling gaps in long-term infrastructure financing, developing bond and derivatives markets, and boosting economic growth. NaBFID is regulated and supervised by the RBI as an All-India Financial Institution (AIFI). It focuses on long-term credit solutions for infrastructure projects in India.

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Gujarat declared the inland mangrove in Guneri village, Kutch, as its first Biodiversity Heritage Site. It is 45 km from the Arabian Sea and 4 km from Kori Creek, with no seawater inflow. The site is a rare inland mangrove forest, one of only eight globally. It may have originated after the Miocene marine transgression or along the lost Saraswati River. Limestone deposits in the region help sustain groundwater flow for the mangroves. The site was designated under The Biodiversity Act, 2002, after consultation with local bodies.

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Maharashtra will establish India’s first Artificial Intelligence (AI) university. A task force has been formed for planning and implementation. The university will focus on AI research, development, education, and innovation. It will encourage collaboration between industry, academia, and government. The task force includes experts from academia, industry, and government. The aim is to make Maharashtra a hub for AI education, skill development, and technological innovation. The university will also work on policy formulation related to AI.

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The Samudrayaan project under the Deep Ocean Mission received Rs 600 crore in the Union Budget 2025-26. It is managed by the Ministry of Earth Sciences. The aim is to develop a self-propelled manned submersible capable of carrying 3 people to a depth of 6,000 meters for deep ocean exploration. It will have an operational endurance of 12 hours and 96 hours in emergencies. The project focuses on biodiversity assessment and exploring mineral resources like manganese, cobalt, and copper, contributing to the Blue Economy.