Current Affairs Quiz - March 2025

Notes:
Tuhin Kanta Pandey, currently Finance and Revenue Secretary, replaces Madhabi Puri Buch as SEBI Chairman after her term ends on February 28, 2025. The Appointments Committee of the Cabinet, chaired by PM Modi, approved his appointment for three years or until further orders. A 1987-batch IAS officer from Odisha cadre, Pandey served as Department of Investment and Public Asset Management (DIPAM) Secretary from 2019 and became Finance Secretary in September 2024. He played a key role in Air India’s sale and LIC’s public listing.

Notes:
The Israel-Hamas conflict has escalated, leading to a fragile ceasefire brokered by the US, Egypt, and Qatar. A key issue is Israel’s withdrawal from the Philadelphi Corridor, a strategic area along Gaza’s border with Egypt. The corridor is a 14 km long, 100-meter-wide strip, including the Rafah crossing and Kerem Shalom crossing. It was designated a demilitarized zone under the 1979 Camp David treaty. After Israel withdrew from Gaza in 2005, Egypt and the Palestinian Authority took control, but Hamas seized it in 2007.

Notes:
Amazon launched a quantum computing chip named Ocelot. It is a prototype with limited computing power. It consists of two integrated silicon microchips. Its high-quality oscillators are made from superconducting Tantalum. It uses cat qubits, inspired by Schrödinger’s cat experiment. Ocelot can reduce quantum error correction costs by up to 90% compared to current methods.

Notes:
India must grow at 7.8% annually until 2047 to reach high-income status, says the World Bank. World Bank released the report titled “Becoming a High-Income Economy in a Generation”. The report highlights the need for “accelerated reforms.” India’s growth averaged 7.2% in the past three years, but further policy action is required. Investment must rise to 40% of GDP by 2035, supported by ICT and physical capital. Key reforms include stronger financial regulations, easier credit for MSMEs, and simpler FDI policies. Female workforce participation should reach 55% by 2050. Growth-focused sectors include agro-processing, hospitality, transport, and care economy. Efficient land, labour, and capital allocation can boost productivity. A “business as usual” scenario would limit growth to 6.6% per year, making high-income status unattainable.

Notes:
The Indira Gandhi National Centre for the Arts (IGNCA) and the Satyarthi Movement for Global Compassion held a discussion on Diyaslai. Diyaslai is the autobiography of Nobel laureate Kailash Satyarthi, detailing his journey from Vidisha to his fight for child rights. Kailash Satyarthi, born in 1954 in Madhya Pradesh, has led global efforts against child slavery and exploitation in 140 countries. His organization has rescued over 1,38,000 children from child labour and trafficking. He highlighted that compassion is the key to solving global issues.

Notes:
Shaurya Bhattacharya won the South Eastern Coalfields Limited (SECL) Rs. 1 crore Chhattisgarh Open golf championship at Fairway Golf and Lake Resort, Naya Raipur. He secured victory with a final round of six-under 63, finishing with a 27-under 249. The 22-year-old from Chandigarh had a five-shot lead overnight with earlier scores of 64, 61, and 61. This is his second professional title, following his maiden win in his rookie season last year.

Notes:
A new species of spined loach, Cobitis beijingensis, has been discovered in Beijing, China, after 40 years. This is the first time a fish species has been named globally using the pinyin “Beijing.” The Beijing loach is about 5 cm long, with a body covered in yellow and black patterned markings. The species was confirmed by a research team from the Institute of Zoology, Chinese Academy of Sciences. It was collected from the Chaobai River in Shilipu Town, Miyun District, Beijing.

Notes:
The U.S. Air Force is considering deploying the Harpoon anti-ship missile on its F-16s, signaling a shift in naval warfare strategy. The Harpoon (RGM-84/UGM-84/AGM-84) is a subsonic anti-ship cruise missile developed by Boeing for the U.S. Navy. Introduced in 1977, it is used by over 30 countries, including India. It has a range of 90-240 km and can be launched from ships, submarines, shore batteries, and aircraft.

Notes:
New Zealand’s High Court overturned the conviction of White Island’s owners after the 2019 volcanic eruption that killed 22 people. White Island (Whakaari) is an active composite stratovolcano in New Zealand’s Bay of Plenty, located 48 km off Whakatāne. It is New Zealand’s most active cone volcano, formed over 150,000 years. The 2019 eruption was its last major event, causing fatalities and injuries. The island, privately owned, was declared a private scenic reserve in 1953, attracting tourism and scientific research. It features hot springs, geysers, and fumaroles and was named by Captain James Cook in 1769.

Notes:
The Ministry of Panchayati Raj launched the Model Women-Friendly Gram Panchayat (MWFGP) initiative on March 5, 2025, in New Delhi. It aims to promote women’s participation, safety, and leadership in local governance. The initiative is part of International Women’s Day 2025 celebrations. One model panchayat will be selected in each district across India.