29th-31st March 2025

1. Nidhi Tiwari Appointed as Private Secretary to Prime Minister Narendra Modi
2. Microsoft Celebrates 50 Years: A Legacy of Computing and the Future of AI
3. PM Modi Unveils Special Summer Vacation Calendar for Children
4. Anahat Singh & Kareem El Torkey Win Indian Open 2025 Squash Titles
5. Japan to Grant Crypto Assets Legal Status as Financial Products: Report
6. Punjab to Develop Nangal as a Tourist Hub & Jhajjar Bachauli as the First Leopard Safari
7. Richard Chamberlain, Star of ‘Dr. Kildare’ and Miniseries Icon, Dies at 90
8. Indian Air Force to Participate in INIOCHOS-25: A Multi-Nation Air Exercise
9. 37th Kathak Mahotsav 2025: A Grand Celebration of Dance & Literature
10. PM Modi Announced Theme for 2025 International Day of Yoga
11. Rajasthan Day: History, Geography, Significance & Facts
12. Indian-American Scientist Jay Bhattacharya Confirmed as NIH Director by U.S. Senate
13. India Launches ‘Operation Brahma’ For Quake-Hit Myanmar
14. SBI Chief CS Setty Appointed as Chairman of Indian Banks Association (IBA)
15. Steve Waugh Appointed to Centre for Australia-India Relations Advisory Board
16. India and Russia Conduct 14th Edition of Maritime Bilateral Exercise – INDRA 2025
17. Masaki Kashiwara Wins the 2025 Abel Prize for Mathematics
18. CDS Gen Anil Chauhan Inaugurates Techkriti 2025 at IIT Kanpur
19. ‘Prachand Prahaar’ – The Tri-Service Integrated Multi-Domain Warfare Exercise
20. L&T Finance Ltd. Names Jasprit Bumrah as Brand Ambassador
21. Khelo India Para Games 2025 Concludes: Haryana Tops Medal Tally Once Again
22. India Becomes the World’s Second-Largest Tea Exporter in 2024
23. UIDAI & IIIT-H Launch Biometric Challenge to Improve Age Invariance in Fingerprint Algorithms
24. India-Sri Lanka Business Collaboration Strengthens with the Launch of Lanka India Business Association (LIBA)
25. India’s First Nano Electronics Roadshow Inaugurated by MeitY Secretary at IISc Bengaluru
26. Sourcex India 2025 Inaugurated At Yashobhoomi Centre
27. Roshni Nadar Becomes First Indian Woman in World’s Top 10 Richest Women
28. MoD Signs Rs 2,500 Crore Contracts for Anti-Tank Missiles and Light Vehicles
29. Union Minister C.R. Patil Launches a book ‘Ripples of Change’
30. CAG Signed MoU with BISAG-N for Geo-Spatial Audit Enhancement
31. 19th SMW: Pioneering Maritime Innovation and Collaboration
32. IUCN released 1st Green Status Assessment for Lion in Africa and India
33. IREDA Secured JPY 26 billion ECB Facility from SBI Tokyo
34. JICA Signs 6 ODA Loan Agreements worth Rs.11,181 crore with GoI
35. RBI Imposes Penalties on HDFC Bank, Punjab & Sind Bank, and KLM Axiva Finvest
36. Zuno General Insurance become India’s first insurer to Integrates ‘PHYD’ as Standard Feature in Motor Insurance
37. Luminous Signed MoU with SBI to Expand Solar Financing in India
38. Rana Dasgupta won Vale’s 2025 Windham Campbell Prize for Non-fiction
39. Rajiv Guba appointed as 5th full-time member of NITI Aayog
40. SpaceX Launched HEX20’s ‘Nila’ Satellite into Space
41. 7th Act East Business show held in Meghalaya
42. MoD Signed Two Contracts worth Rs 62,700 Crore with HAL for Supply of 156 LCH, Prachand to the Armed Force
43. 14th Edition of India-Russia Naval Exercise ‘INDRA’ Commences Off Chennai
44. MoF Retains Small Savings Scheme Interest Rates for Q1FY26
45. NITI FTH, CII & AICTE Launch Dx-EDGE for MSME Digital Transformation
46. SEBI Grants In-Principal Approval to ASK Group for Mutual Fund Business
47. MobiKwik Launches MSBPL as Wholly Owned Unit for Stock Broking
48. SRMB Steel appoints Rohit Sharma as Brand Ambassador
49. Autumn Investment to Acquire SIDBI’s ARC Arm for Rs.260 Crore
50. IA Successfully Test India’s 1st Kamikaze FPV Drones with Kamikaze Anti-Tank Munitions
51. ISRO Successfully Tests Semi-Cryogenic Engine and Electric Propulsion Thruster
52. BEML unveils indigenous 12×12 High Mobility Vehicle for Defence
53. World Piano Day 2025 – March 29
54. International Day of Zero Waste 2025 – 30 March
55. Axis Bank, J.P. Morgan Roll Out Anytime Dollar Payments for Clients

National News

1. PM Modi Unveils ‘MY-Bharat’ Calendar in Mann Ki Baat

• What:
  • PM Modi introduced the ‘MY-Bharat’ calendar during the 120th episode of Mann Ki Baat to make summer vacations productive for children.
• Why:
  • The calendar aims to engage children in creative and educational activities during their holidays.
• Tell me more:
  • Activities include learning about Jan Aushadhi Kendras, exploring border villages under the Vibrant Village Campaign, and participating in cultural and sports events.
  • Children can join a padyatra on Ambedkar Jayanti to spread awareness about constitutional values.
  • PM Modi encouraged sharing holiday experiences using the hashtag #HolidayMemories.

Source: ANI

2. Kathak Mahotsav 2025 Concludes with Literary and Artistic Grandeur

• What:
  • The 37th Kathak Mahotsav 2025, organized by Kathak Kendra, New Delhi, featured a six-day mega festival celebrating Kathak’s literary and artistic heritage.
• Why:
  • The event aimed to honor Kathak’s rich traditions and promote its literary and artistic legacy.
• Tell me more:
  • The festival included the world’s first Kathak Literary Festival, a walk-through exhibition, seminars, and dance concerts.
  • Renowned personalities like Dr. Vinay Sahashrabuddhe, Maharaj Pushparaj Singh of Rewa, and Dr. Amarendra Khatua graced the event.
  • Distinguished artists from various gharanas presented performances in solo, duet, and group formats.

Source: PIB

3. India Launches ‘Operation Brahma’ for Earthquake Relief in Myanmar

• What:
  • India initiated ‘Operation Brahma’ to provide humanitarian aid to earthquake-hit Myanmar by deploying naval ships and an army field hospital.
• Why:
  • The operation aims to assist Myanmar with relief and rescue efforts following the earthquake.
• Tell me more:
  • The additional ships are stationed at Sri Vijaya Puram under the Andaman and Nicobar Command.

Source: FP

4. Chief of Defence Staff Inaugurates Techkriti 2025 at IIT Kanpur

• What:
  • Chief of Defence Staff (CDS) General Anil Chauhan inaugurated Techkriti 2025, Asia’s largest intercollegiate technical and entrepreneurial festival, at IIT Kanpur.
• Why:
  • The event aims to inspire technological innovation, entrepreneurship, and collaboration while fostering defence and academic synergy.
• Tell me more:
  • General Chauhan discussed the need for modernizing the Indian Armed Forces and preparing for future wars in cyber, AI, quantum, and cognitive domains.
  • The theme of Techkriti 2025 is “Panta Rhei” (Everything Flows), emphasizing continuous technological evolution.
  • A special segment, ‘Rakshakriti,’ showcased cutting-edge defence technology to strengthen national security and reduce import dependence.
  • Distinguished guests included Air Marshal Ashutosh Dixit and IIT Kanpur Director Prof. Manindra Agrawal.

Source: PIB

5. UIDAI Launches Biometric SDK Benchmarking Challenge

• What:
  • UIDAI, in collaboration with IIIT-Hyderabad, launched a global competition to test age invariance in biometric algorithms.
• Why:
  • The challenge aims to improve the accuracy of biometric models and advance fingerprint authentication for children aged 5–10 years.
• Tell me more:
  • The competition runs from March 25, 2025, to May 25, 2025, with registration details available on UIDAI’s website.
  • Participants will work with anonymized datasets to ensure data security and privacy.
  • Prizes worth ₹7.7 lakhs (USD 9,000) and collaboration opportunities with UIDAI are offered.
  • Future competitions will focus on benchmarking iris and face authentication SDKs.

Source: PIB

6. India Hosts First Nano Electronics Roadshow at IISc Bengaluru

• What:
  • The Ministry of Electronics and Information Technology (MeitY), in collaboration with IISc Bengaluru and IITs, hosted India’s first Nano Electronics Roadshow on March 27, 2025.
• Why:
  • The event aimed to strengthen India’s semiconductor ecosystem and promote innovation, collaboration, and self-reliance in nanoelectronics technology.
• Tell me more:
  • The roadshow showcased over 100 intellectual properties, 50 groundbreaking technologies, and 35 startups supported by six advanced nanoelectronics centers.
  • It featured 48 tech demos by students and facilitated signing of four MoUs between academia and industry for technological advancements.
  • India’s semiconductor demand is projected to grow from $45–50 billion to $100–110 billion by 2030.

Source: PIB

7. Sourcex India 2025 Inaugurated to Boost Indian Exports

• What:
  • The 3rd edition of Sourcex India 2025 was inaugurated on March 26, 2025, at the Yashobhoomi Convention Centre, New Delhi.
• Why:
  • The event aims to promote Indian exports by connecting Indian manufacturers and exporters with international buyers.
• Tell me more:
  • Organized by the Federation of Indian Export Organisations (FIEO) with support from the Ministry of Commerce & Industry, the event hosted over 150 foreign buyers from 45+ countries.
  • Key regions represented include Africa, CIS, EU, LAC, NAFTA, NEA, Oceania, SA, SEA, and WANA.
  • Indian companies from sectors like FMCG, textiles, health & beauty, and logistics participated in the event.
  • The event showcased work by 10 National Award-winning artisans supported by the Ministry of Textiles.

Source: PIB

8. Jal Shakti Ministry Launches “Ripples of Change” Book and Upgraded Website

• What:
  • The Union Minister of Jal Shakti, CR Paatil, launched the book “Ripples of Change: Gender-transformative rural WASH programmes in India” and the upgraded Ministry of Jal Shakti website in New Delhi.
• Why:
  • The book highlights the impact of Swachh Bharat Mission (Grameen) and Jal Jeevan Mission on gender empowerment, community leadership, and grassroots innovation.
  • The upgraded website aims to enhance citizen trust, accessibility, security, and inclusivity in digital governance.
• Tell me more:
  • “Ripples of Change” is a joint publication by the Department of Drinking Water and Sanitation (DDWS), Ministry of Jal Shakti, and UNICEF India, documenting ten stories from rural India.
  • The upgraded website complies with the Digital Brand Identity Manual (DBIM) and Guidelines for Indian Government Websites (GIGW) 3.0.
  • The revamped portal features consistent branding, multilingual support, better navigation, and improved security protocols.

Source: PIB

9. NITI Aayog Launches Dx-EDGE Platform to Empower MSMEs

• What:
  • NITI Aayog launched the ‘Digital Excellence for Growth and Enterprise’ (Dx-EDGE) platform to empower MSMEs with tools, knowledge, and ecosystem support for digital transformation.
• Why:
  • The initiative aims to make MSMEs future-ready, competitive, and resilient while improving India’s penetration into global value chains.
• Tell me more:
  • Dx-EDGE is spearheaded by CII, NITI Frontier Tech Hub, and AICTE with a Public-Private-Academia Partnership (PPAP).
  • The platform will establish digital transformation facilitation centers nationwide to enhance MSMEs’ global competitiveness and sustainability.
  • NITI Aayog is working on programs to bring intermediate product manufacturing ecosystems to India for deeper integration into global value chains.
  • The initiative aligns with the Viksit Bharat vision by promoting technology adoption and resilience among MSMEs.

Source: BS

State News

1. Punjab to Develop First Leopard Safari and Eco-Tourism Spot

• What:
  • Punjab plans to develop Jhajjar-Bachauli Wildlife Sanctuary into an eco-tourism and leopard safari destination.
• Why:
  • The initiative aims to promote tourism and wildlife conservation in the state.
• Tell me more:
  • The announcement was made in Punjab’s 2025-26 budget.
  • Nangal will also be developed as a major tourist destination with a budget allocation of ₹10 crore.
  • Jhajjar-Bachauli Wildlife Sanctuary is located in Sri Anandpur Sahib.
  • This will be the first leopard safari destination in Punjab.

Source: NOA

2. Meghalaya Hosts 7th ACT EAST BUSINESS SHOW in Shillong

• What:
  • The Government of Meghalaya, in collaboration with the Indian Chamber of Commerce, organized the 7th ACT EAST BUSINESS SHOW from March 25 to 27, 2025, at the State Convention Centre, Shillong.
• Why:
  • The event aimed to strengthen economic and trade relations between BBIN and ASEAN nations while showcasing Meghalaya as an ideal investment destination.
• Tell me more:
  • The event focused on key sectors like technology, agriculture, manufacturing, and tourism.
  • Diplomats from countries like the Philippines, Germany, Indonesia, Cambodia, UAE, Japan, Bangladesh, Bhutan, and Nepal participated alongside Indian business delegates.
  • Three sessions were held on technology and innovation, making North-East India an export hub for agriculture and manufacturing, and promoting tourism in the region.

Source: PIB

International News

1. Japan Plans to Revise Crypto Regulations by 2026

• What:
  • Japan’s Financial Services Agency (FSA) plans to amend the Financial Instruments and Exchange Act to classify crypto assets as financial products.
• Why:
  • The revision aims to regulate crypto assets under insider trading restrictions and ensure transparency in trading.
• Tell me more:
  • The FSA will submit the amendment bill to parliament by 2026.
  • Crypto assets will be subject to rules prohibiting trading based on undisclosed internal information.

Source: TH

2. India Establishes Lanka India Business Association to Strengthen Trade

• What:
  • The Lanka India Business Association (LIBA) has been launched to enhance business relations between India and Sri Lanka.
• Why:
  • LIBA aims to foster trade, investment, and collaboration between the two nations, leveraging Sri Lanka’s strategic location and skilled workforce.
• Tell me more:
  • LIBA will focus on facilitating investments and fostering long-term partnerships in sectors like garments, technology, MSMEs, and education.
  • Key members highlighted Sri Lanka’s historical significance in global trade and its potential as a strong business partner for India.
  • LIBA offers free membership for a limited time, with registration available at www.liba.lk.

Source: NW NOA

3. Singapore Maritime Week 2025 Focuses on Innovation and Sustainability

• What:
  • The 19th edition of Singapore Maritime Week (SMW) 2025, a SG60 Signature Event, was launched by Murali Pillai, Minister of State for Law and Transport, and was held from 24 to 28 March 2025 at Suntec Singapore Convention and Exhibition Centre.
• Why:
  • The event aims to highlight Singapore’s role as a maritime hub, focusing on decarbonisation, digitalisation, maritime services, and talent development.
• Tell me more:
  • SMW 2025 witnessed over 20,000 attendees from nearly 80 countries and features around 200 exhibitors across nine country pavilions.
  • Senior Minister Lee Hsien Loong delivered the Singapore Maritime Lecture and launched Singapore’s first Maritime Digital Twin for optimizing port operations and improving energy efficiency.
  • Key discussions included global maritime trends, industry outlooks, and conferences on digitalisation, decarbonisation, and workforce transformation.

Source: GOV

4. IUCN’s First Green Status Assessment Ranks Lions as ‘Largely Depleted’

• What:
  • The International Union for Conservation of Nature (IUCN) has released its first Green Status assessment for lions (Panthera leo), ranking them as ‘Largely Depleted’.
• Why:
  • The assessment aims to provide a comprehensive view of the lion’s conservation status, complementing the IUCN Red List by measuring species recovery and conservation success.
• Tell me more:
  • The Green Status assessment shows that human impacts are preventing lions from being fully ecologically functional across their range.
  • Lions are declining across large areas and are extinct in North Africa and Southwest Asia.
  • Conservation efforts have prevented likely extinctions in West and Southern Central Africa, South Africa, and India.
  • The current population is estimated at ~23,000 adult and subadult lions in Africa and ~670 in India.
  • The Green Status tool includes nine recovery categories: Fully recovered, slightly depleted, moderately depleted, largely depleted, critically depleted, extinct in the wild, and indeterminate.

Source: DTE

Banking and Economy

1. Microsoft Celebrates 50th Anniversary, Focuses on AI Leadership

• What:
  • Microsoft marks its 50th anniversary, shifting focus to become a leader in artificial intelligence (AI).
• Why:
  • The company aims to boost its fortunes and maintain its position as a tech giant in the rapidly evolving field of AI.
• Tell me more:
  • Microsoft has a market cap of $2.9 trillion, second only to Apple.
  • Cloud computing, powered by Microsoft’s Office software, is driving the company’s revenue.
  • The company has made significant investments in AI, including a stake in OpenAI and integrating AI into products like Bing.
  • Microsoft faces competition from Amazon Web Services (AWS) and Google in cloud computing.
  • The company has diversified its offerings, including the Xbox gaming console and LinkedIn social network.

Source: ET

2. IREDA Signs Facility Agreement with SBI Tokyo Branch

• What:
  • Indian Renewable Energy Development Agency (IREDA) signed a facility agreement with SBI Tokyo Branch to raise external commercial borrowing (ECB) of JPY 26 billion (₹1,476 crore), including a green shoe option of JPY 10 billion.
• Why:
  • The agreement aims to diversify IREDA’s resource base, optimize costs, and enhance lending operations to support India’s renewable energy sector.
• Tell me more:
  • The loan is unsecured, has a tenure of five years, and will be repaid in a single payment at maturity.
  • The agreement reflects global investors’ confidence in IREDA’s financial stability and growth potential.
  • IREDA is a ‘Navratna’ Government of India enterprise under the Ministry of New and Renewable Energy (MNRE).
  • Established in 1987, IREDA promotes and finances projects related to renewable energy and energy efficiency.

Source: BS

3. JICA Signs Six ODA Loan Agreements with India Worth ₹11,181 Crores

• What:
  • The Japan International Cooperation Agency (JICA) has signed six Official Development Assistance (ODA) loan agreements with the Government of India, totaling JPY 191,736 million (approximately ₹11,181 crores).
• Why:
  • These agreements aim to support India’s sustainable development by focusing on infrastructure expansion, environmental conservation, and livelihood enhancement across various states and sectors.
• Tell me more:
  • ₹4,649 crores allocated for Delhi Metro Phase 4 project expansion
  • ₹3,065 crores for Chennai’s seawater desalination plant construction
  • ₹2,106 crores for Tamil Nadu Investment Promotion Program (Phase 3)
  • ₹209 crores for Assam’s fisheries sector development
  • ₹669 crores for Punjab’s biodiversity and natural resources conservation project
  • ₹483 crores for enhancing India’s forest governance and biodiversity conservation

Source: BW

4. Zuno General Insurance Launches SmartDrive with Pay-How-You-Drive Feature

• What:
  • Zuno General Insurance introduced Zuno SmartDrive, integrating the Pay-How-You-Drive (PHYD) feature with its motor insurance product, offering rewards for safe driving.
• Why:
  • The initiative aims to encourage safer driving habits and provide personalized insurance coverage based on driving behavior.
• Tell me more:
  • Zuno SmartDrive uses mobile telematics embedded in the Zuno app to track real-time driving behavior, including speed, braking, and distracted driving.
  • Customers receive a Zuno Driving Score and can earn rewards weekly and monthly based on their scores.
  • Safer driving results in lower premiums, and the app also provides feedback to improve driving skills.
  • PHYD is now automatically included in all new and renewing car insurance policies.

Source: ET

5. SBI Partners with Luminous Power for Solar Financing

• What:
  • Luminous Power Technologies signed an MoU with State Bank of India (SBI) to provide financing solutions for solar installations, offering loans of up to ₹10 crore to eligible customers.
• Why:
  • The partnership aims to eliminate financial barriers to solar adoption and promote sustainable energy solutions across commercial and industrial sectors.
• Tell me more:
  • Loans will be available for up to 10 years, with interest rates based on customer credit profiles.
  • Customers will benefit from reduced loan processing fees and competitive interest rates.
  • The initiative targets MSMEs, corporates, institutional, commercial, and industrial customers for solar installation support.

Source: N18

6. Government Retains Interest Rates on Small Savings Schemes for Q1 FY 2025-26

• What:
  • The government kept interest rates unchanged on various small savings schemes, including PPF and NSC, for the fifth consecutive quarter starting April 1, 2025.
• Why:
  • The decision ensures stability in returns for investors of small savings schemes during the first quarter of FY 2025-26.
• Tell me more:
  • Sukanya Samriddhi scheme will continue to offer an interest rate of 8.2%.
  • PPF and three-year term deposits will retain interest rates of 7.1%, while post office savings deposit schemes remain at 4%.
  • Kisan Vikas Patra offers a 7.5% interest rate with maturity in 115 months, and NSC continues at 7.7%.
  • Monthly Income Scheme will earn investors a 7.4% return.

Source: BS

7. ASK Asset & Wealth Management Gets SEBI Approval for Mutual Fund Business

• What:
  • Blackstone-backed ASK Asset & Wealth Management Group received in-principle approval from SEBI to start its mutual fund business.
• Why:
  • The approval aims to expand ASK’s offerings by complementing its existing investment solutions and catering to diverse investor needs.
• Tell me more:
  • ASK plans to offer research-driven, client-centric mutual fund products for retail, HNI, UHNI, and institutional investors.
  • India’s mutual fund industry has grown significantly, with assets under management (AUM) rising from ₹24 lakh crore in March 2019 to ₹67 lakh crore in January 2025.
  • The industry is expected to reach ₹100 lakh crore AUM in the next 4–5 years due to GDP growth and increasing financialization.

Source: ET

8. Mobikwik Launches Subsidiary for Securities Broking Business

• What:
  • One Mobikwik Systems has incorporated a wholly owned subsidiary, Mobikwik Securities Broking (MSBPL), to operate in the securities broking business.
• Why:
  • The subsidiary aims to engage in dealing with shares, stocks, securities, debt instruments, commodities, and their derivatives while expanding Mobikwik’s business portfolio.
• Tell me more:
  • MSBPL received approval for incorporation from the Ministry of Corporate Affairs.
  • The initial paid-up share capital is ₹1 lakh, with plans to infuse an additional ₹2 crore in multiple tranches.
  • MSBPL will act as a stock and commodity broker by acquiring memberships with Indian and international exchanges.
  • One Mobikwik Systems will hold a 100% stake in the subsidiary.

Source: BS

9. Authum Investment Approved to Acquire Stake in ISARC

• What:
  • Authum Investment and Infrastructure received RBI approval to acquire a 79.28% stake in India SME Asset Reconstruction Co. (ISARC) for ₹260 crore through primary and secondary deals.
• Why:
  • The acquisition aims to expand Authum’s presence in distressed asset management as the ARC sector undergoes significant shifts.
• Tell me more:
  • Authum will acquire 56.52% of ISARC via a fresh issue of 13 crore shares and 22.75% from existing shareholders.
  • ISARC will become a subsidiary of Authum, which has received RBI approval to appoint two directors to ISARC’s board.
  • The ARC sector is witnessing exits by global players, while banks prefer state-backed alternatives like NARCL due to lower risks.

Source: BW

10. Axis Bank Launches 24/7 Programmable USD Clearing Capability with Kinexys

• What:
  • Axis Bank became the first Indian bank to launch near-real-time, 24/7 programmable USD clearing capabilities using J.P. Morgan’s Kinexys Digital Payments (KDP) platform.
• Why:
  • The initiative aims to streamline cross-border payments, unlock liquidity, and provide clients with flexible and automated payment solutions.
• Tell me more:
  • Kinexys by J.P. Morgan is a blockchain-based financial infrastructure enabling efficient payment processing.
  • The platform allows Axis Bank’s commercial clients to make cross-border payments anytime, enhancing operational flexibility.
  • The technology supports interoperability among central bank digital currencies, stablecoins, and other digital currency solutions.
  • Since its inception, Kinexys has processed over $1.5 trillion in transaction volume with an average daily transaction volume of $2 billion.

Source: ET

Reports and Indices

1. Hurun Global Rich List 2025

• What:
  • Roshni Nadar Malhotra, Chairperson of HCL Technologies, has become the fifth richest woman in the world according to the Hurun Global Rich List 2025.
• Why:
  • The Hurun Global Rich List 2025 has announced a record-breaking total of 3,442 billionaires worldwide, reflecting an increase of 163 compared to the previous year.
• Tell me more:
  • Malhotra is the first Indian woman to enter the Global Top 10 Women rankings.
  • She will become the largest shareholder of HCL Infosystems Ltd and HCL Tech.
  • India follows the United States and China, maintaining its third-place ranking, with 284 billionaires—an increase of 13—in 2025.
  • Mukesh Ambani has reclaimed the title of ‘Richest Person in Asia’ with a net worth of ₹8.6 lakh crore. He is at the 17th rank.
  • Gautam Adani added ₹1 lakh crore to his fortune, becoming India’s biggest wealth gainer.

• Knowledge Nuggets:
  

Source: LM IE

Defence News

1. Indian Air Force to Participate in INIOCHOS-25 Exercise in Greece

• What:
  • The Indian Air Force (IAF) will join the multinational air exercise INIOCHOS-25 hosted by Greece.
• Why:
  • The exercise aims to enhance international cooperation, synergy, and interoperability among participating air forces. It provides training in planning and executing combined air operations and refining tactics in complex air warfare scenarios.
• Tell me more:
  • The exercise will take place at Andravida Air Base in Greece from April 1 to April 11, 2025.
  • The IAF contingent includes Su-30 MKI fighters, IL-78, and C-17 aircraft.

Source: NOA

2. India and Russia Conduct 14th Edition of Naval Exercise Indra

• What:
  • The 14th edition of the India-Russia bilateral naval exercise Indra is being held off Chennai from March 28 to April 2, 2025.
• Why:
  • The exercise aims to enhance naval interoperability, operational synergy, and maritime cooperation between the two nations.
• Tell me more:
  • The exercise is conducted in two phases: the Harbour Phase (March 28–30) in Chennai and the Sea Phase (March 31–April 2) in the Bay of Bengal.
  • Activities during the Harbour Phase include an opening ceremony, Subject Matter Expert Exchanges (SMEEs), reciprocal visits, sports fixtures, and pre-sail briefings.
  • The Sea Phase involves advanced naval drills like tactical maneuvers, live weapon firings, anti-air operations, helicopter cross-deck landings, and underway replenishment.

Source: ANI

3. Indian Armed Forces Conduct Exercise Prachand Prahaar in Arunachal Pradesh

• What:
  • The Indian Armed Forces conducted Exercise Prachand Prahaar, a Tri-Service Integrated Multi-Domain Warfare Exercise, in Arunachal Pradesh from March 25 to 27, 2025.
• Why:
  • The exercise aimed to validate jointness, technological superiority, and readiness to tackle multi-domain threats along strategic frontiers.
• Tell me more:
  • It involved advanced surveillance, strike capabilities, and multi-domain operational planning using cutting-edge platforms like UAVs, loitering munitions, armed helicopters, and space-based assets.
  • Targets were neutralized through coordinated strikes using fighter aircraft, rocket systems, artillery, swarm drones, kamikaze drones, and helicopters in an electronically contested environment.
  • The exercise built on the momentum of Exercise Poorvi Prahar held in November 2024.
  • Lieutenant General Ram Chander Tiwari and Air Marshal Surat Singh reviewed the exercise and commended troops for operational excellence.

Source: IE

4. Defence Ministry Signs Contracts for Nag Missile System and Light Vehicles

• What:
  • The Ministry of Defence (MoD) signed contracts with Armoured Vehicles Nigam Limited (AVNL), Force Motors Ltd, and Mahindra & Mahindra Ltd for the procurement of the Nag Missile System (NAMIS) Tracked version and approximately 5,000 Light Vehicles, with a total value of around ₹2,500 crore.
• Why:
  • The purpose is to enhance the operational capabilities of the armed forces with advanced anti-tank systems and versatile light vehicles while addressing the shortage of anti-tank guided missiles (ATGMs) in the Army’s inventory.
• Tell me more:
  • NAMIS (Tracked) is developed by the Defence Research & Development Laboratory (DRDL) under DRDO at a cost of ₹1,801.34 crore; it is a third-generation, fire-and-forget anti-tank missile system mounted on BMP-2 armoured chassis, also known as NAMICA (Nag Missile Carrier).
  • NAMIS features an imaging infrared (IIR) seeker, amphibious capability, and a range of 500 meters to 4 km, and can carry six missiles in a ready-to-fire configuration while firing all six within 20 seconds.
  • Light Vehicles are designed with enhanced engine power to carry an 800 kg payload and operate in diverse terrains.

5. HAL Signs ₹62,700 Crore Contract for 156 Light Combat Helicopters

• What:
  • Hindustan Aeronautics Limited (HAL) signed a ₹62,700 crore contract with the Ministry of Defence to supply 156 Made-in-India Light Combat Helicopters (LCH) Prachand for the Indian Army and Air Force.
• Why:
  • The deal aims to enhance India’s defense capabilities and promote indigenous manufacturing in the aerospace sector.
• Tell me more:
  • 90 helicopters will be allocated to the Indian Army and 66 to the Indian Air Force.
  • The LCH Prachand can operate at altitudes ranging from 5,000 to 16,400 feet.
  • These helicopters are equipped with air-to-ground and air-to-air missile capabilities.
  • They are integrated with data chips for network-centric operations.

Source: ET

6. Indian Army Successfully Tests FPV Drone with Kamikaze Anti-Tank Munition

• What:
  • The Indian Army’s Fleur-De-Lis Brigade successfully tested a First Person View (FPV) drone equipped with an impact-based, kamikaze-role anti-tank munition in Pathankot, Punjab.
• Why:
  • The project aims to enhance tactical drone warfare capabilities and develop low-cost, high-impact aerial strike systems for modern engagements.
• Tell me more:
  • The FPV drone was developed in collaboration with DRDO’s Terminal Ballistics Research Laboratory (TBRL), Chandigarh.
  • It was assembled in-house at the Rising Star Drone Battle School, which has fabricated over 100 drones as of March 2025.
  • The drone includes a dual-safety mechanism to prevent accidental detonation and a live feedback relay system for real-time payload status updates.
  • Rigorous trials validated the drone’s effectiveness, accuracy, and reliability in payload delivery.

Source: BS

Science and Technology

1. HEX20’s Satellite Nila Establishes Communication with Ground Station

• What:
  • HEX20’s private satellite Nila established communication with its newly inaugurated ground station at Marian Engineering College, Menamkulam.
• Why:
  • The mission aims to showcase HEX20’s commitment to innovation, foster local talent in satellite operations, and strengthen international partnerships.
• Tell me more:
  • Nila was developed in four months and launched on March 15 via SpaceX’s Transporter-13 mission through Exolaunch.
  • The satellite carried release actuators from German space company Dcubed as its primary payload.
  • HEX20 is training faculty and students at the engineering college to open opportunities for young engineers.
  • The satellite is named after Kerala’s Nila River, symbolizing cultural significance.

Source: TOI

2. ISRO Successfully Tests Semi-Cryogenic Engine for Future Space Missions

• What:
  • ISRO conducted the first major hot test of the Lox Kerosene 200T thrust semi-cryogenic engine at the ISRO Propulsion Complex (IPRC) in Mahendragiri, Tamil Nadu.
• Why:
  • The test aims to develop a more powerful and efficient engine to enhance the payload capacity of India’s LVM3 rocket and strengthen space launch capabilities.
• Tell me more:
  • The semi-cryogenic engine uses Liquid Oxygen (LOX) and Kerosene as propellants, delivering a thrust of 2000 kN.
  • The SC120 stage powered by the SE2000 engine will replace the existing L110 core liquid stage of the LVM3 rocket, increasing payload capacity from 4 tonnes to 5 tonnes in geostationary transfer orbit (GTO).
  • The engine operates on an oxidizer-rich staged combustion cycle with a chamber pressure of 180 bar and a specific impulse of 335 seconds.
  • The Semicryogenic Integrated Engine Test Facility (SIET) at IPRC enables testing of engines up to 2600 kN thrust levels.

Source: IT

3. BEML Launches Indigenously Developed High Mobility Vehicle 12×12

• What:
  • Bengaluru-headquartered PSU BEML launched the indigenously designed and manufactured High Mobility Vehicle (HMV) 12×12 for the Vehicles Research and Development Establishment (VRDE) of DRDO.
• Why:
  • The vehicle is designed to enhance operational mobility for India’s defense forces and support the AatmaNirbhar Bharat vision.
• Tell me more:
  • The HMV 12×12 was developed at BEML’s Palakkad complex and features a BSIII-compliant engine, 7-speed Allison Automatic Transmission, and a Gross Vehicle Weight (GVW) of 65 tonnes.
  • It is engineered to perform in extreme terrains and challenging climatic conditions.
  • The collaboration between BEML and VRDE marks a significant milestone in strengthening India’s defense infrastructure.

Source: TOI

Agriculture and Rural Development

1. India Becomes World’s Second-Largest Tea Exporter in 2024

• What:
  • India surpassed Sri Lanka to become the world’s second-largest tea exporter in 2024, exporting 255 million kilograms of tea.
• Why:
  • The milestone reflects India’s efforts to boost tea production, expand exports, and strengthen its position in the global tea industry.
• Tell me more:
  • India’s tea exports grew by 10% from 231.69 million kilograms in 2023 to a 10-year high of 255 million kilograms in 2024.
  • Major export markets include the UAE, Iraq, Iran, Russia, USA, and the UK.
  • Black tea dominates exports with a 96% share, while other varieties like green tea and masala tea also contribute.
  • The Government of India has formed 352 Self-Help Groups (SHGs), 440 Farmer Producer Organizations (FPOs), and 17 Farmer Producer Companies (FPCs) to support tea cultivation.

Source: NOA

Awards

1. Japanese Mathematician Masaki Kashiwara Wins Abel Prize 2025

• What:
  • Masaki Kashiwara was awarded the Abel Prize 2025 for his contributions to algebraic analysis and representation theory.
• Why:
  • The prize recognizes Kashiwara’s pioneering work, including the development of D-modules and discovery of crystal bases, which have advanced mathematics and opened new research avenues.
• Tell me more:
  • The Abel Prize was established in 2002 by the Norwegian Parliament and first awarded in 2003.
  • It includes a monetary award of 7.5 million kroner (approximately $720,000) and a glass plaque designed by Henrik Haugan.
  • Kashiwara’s work has simplified complex calculations using graphs and enriched representation theory and algebraic analysis.

Source: IE

2. Rana Dasgupta Wins 2025 Windham-Campbell Prize for Non-Fiction

• What:
  • Indian-origin British author Rana Dasgupta won the 2025 Windham-Campbell Prize in the non-fiction category for his book Capital: A Portrait of Twenty-First Century Delhi.
• Why:
  • The award recognizes Dasgupta’s perceptive critique of global hypercapitalism, industrialization, politics, and class through his book.
• Tell me more:
  • The Windham-Campbell Prize is administered by Yale University and awards $175,000 to winners across fiction, non-fiction, poetry, and drama categories.
  • Dasgupta’s book explores Delhi’s transformation during rapid globalization and economic liberalization, interweaving personal stories with the city’s history.
  • Other recipients of the prize this year include writers from the USA, Ireland, UK, Scotland/Trinidad and Tobago.

Source: HT

Important Days

1. PM Modi Announces Theme for International Day of Yoga 2025

• What:
  • PM Modi announced the theme “Yoga for One Earth, One Health” for the International Day of Yoga 2025.
• Tell me more:
  • The United Nations declared June 21 as International Yoga Day in 2015.
  • PM Modi shared India’s vision for a healthier world during his Mann Ki Baat broadcast.
  • Ayurveda is gaining recognition globally, including in Chile, where efforts like “Somos India” promote yoga and Ayurveda.

Source: IT

2. Rajasthan Foundation Day – March 30

3. World Piano Day – March 29

4. International Day of Zero Waste – March 30

Sports

1. Anahat Singh Wins JSW Indian Open Squash Title

• What:
  • Anahat Singh defeated Helen Tang of Hong Kong to win the JSW Indian Open squash title.
• Why:
  • The victory marked Anahat’s sixth consecutive title and added 300 ranking points to her tally.
• Tell me more:
  • In the men’s singles final, Abhay Singh lost to Egypt’s Kareem El Torkey with a score of 1-3.
  • Kareem secured 500 ranking points for his victory in the men’s final.

Source: ET

2. Haryana Tops Khelo India Para Games 2025 Medal Tally

• What:
  • The second edition of the Khelo India Para Games 2025 concluded with Haryana finishing first in the medal tally with 34 gold medals.
• Why:
  • The event aimed to showcase the endurance and spirit of para-athletes while promoting inclusivity in sports.
• Tell me more:
  • Around 1,300 athletes participated across six sports at venues in New Delhi, including Jawaharlal Nehru Indoor Stadium, IG Indoor Stadium, and Karni Singh Shooting Range.
  • Eighteen national records were set, with notable performances in para-powerlifting and track and field events.
  • Gujarat dominated table tennis on the final day, winning 21 medals, including four golds.

Source: TH

Memorandum of Understanding

1. CAG Sign MOU with BISAG-N for Geo-Spatial Audit Tools

• What:
  • The Comptroller and Auditor General (CAG) signed an MoU with Bhaskaracharya National Institute of Space Application and Geo-informatics (BISAG-N) to integrate geo-spatial tools into audit methodologies and conduct joint research in related technologies.
• Why:
  • The collaboration aims to enhance audit processes by leveraging advanced technologies like AI, machine learning, big data analytics, and geographic information systems.
• Tell me more:
  • The MoU was signed by Dy CAG S Ramann and BISAG-N Director General TP Singh in the presence of CAG Sanjay Murthy.
  • BISAG-N will provide geo-spatial consultancy services to support audit applications through remote sensing and satellite image analytics.
  • The initiative is part of the Digital Public Infrastructure (DPI) program, focusing on customized geo-spatial solutions for audits.

Source: TOI

Appointments

1. Nidhi Tiwari Appointed as Private Secretary to Prime Minister Narendra Modi

• IFS officer Nidhi Tewari has been appointed private secretary to Prime Minister Narendra Modi, who is currently serving as deputy secretary in the Prime Minister’s Office (PMO).

Source: FE

2. SBI’s C S Setty Elected as Chairman of Indian Banks’ Association

• What:
  • C S Setty from SBI was elected as the chairman of the Indian Banks’ Association (IBA).
• Why:
  • The managing committee oversees activities and policies for member banks.
• Tell me more:
  • Union Bank of India’s MD and CEO A Manimekhalai, Punjab and Sind Bank’s MD Swarup Kumar Saha, and Bank of Bahrain and Kuwait’s India CEO Madhav Nair were elected as deputy chairmen.
  • Karur Vysya Bank’s MD B Ramesh Babu was appointed honorary secretary.
  • The last AGM of IBA was attended by Department of Financial Services Secretary M Nagaraju.

Source: BS

3. Steve Waugh Appointed to Australia-India Relations Advisory Board

• What:
  • Former cricketer Steve Waugh has been appointed to the Centre for Australia-India Relations Advisory Board by the Australian government.
• Why:
  • The appointment aims to strengthen collaboration and engagement between Australia and India across various sectors.
• Tell me more:
  • The Centre for Australia-India Relations was established in 2023 to enhance partnerships in business, arts, education, health, science, technology, and sports.
  • The Advisory Board provides strategic guidance for the Centre’s programs and activities.

Source: NOA

4. Jasprit Bumrah Appointed Brand Ambassador of L&T Finance

• What:
  • L & T Finance Ltd. (LTF) has named Indian cricketer Jasprit Bumrah as its brand ambassador.
• Tell me more:
  • LTF is a leading NBFC with a strong presence in rural and urban finance, operating 2,028 rural branches, 185 urban branches, and over 12,500 distribution touchpoints.
  • The company focuses on creating a digitally enabled retail finance platform under its Lakshya 2026 plan.
  • LTF has been rated ‘AAA’ by four rating agencies and recognized for its CSR project “Digital Sakhi,” which promotes women’s empowerment and financial inclusion.

Source: BS

5. Rajiv Gauba Appointed Full-Time Member of NITI Aayog

• What:
  • Former Cabinet Secretary Rajiv Gauba was appointed as a full-time member of NITI Aayog by the Prime Minister, effective immediately.
• Why:
  • The appointment aims to utilize Mr. Gauba’s extensive administrative experience to contribute to NITI Aayog’s policy-making and implementation efforts.
• Tell me more:
  • Rajiv Gauba is a retired IAS officer from the 1982 batch of the Jharkhand cadre.
  • He served as Cabinet Secretary for five years, from 2019 to August 2024.
  • His previous roles include Union Home Secretary, Secretary in the Ministry of Urban Development, and Chief Secretary of Jharkhand.

Source: NDTV

6. SRMB Steel Appoints Rohit Sharma as Brand Ambassador

Source: SM

Miscellaneous

1. Actor Richard Chamberlain Passes Away at 90

• What:
  • Emmy-nominated actor Richard Chamberlain passed away at the age of 90 due to complications from a stroke.
• Tell me more:
  • He gained fame as Dr. James Kildare in the TV series “Dr. Kildare” (1961–1966).
  • Chamberlain was known as the “king of the mini-series” for roles in “Shogun,” “The Thorn Birds,” and “The Bourne Identity.”
  • He earned acclaim for stage performances in “My Fair Lady,” “The Sound of Music,” and Shakespearean plays like “Hamlet” and “Richard II.”

Source: HT

Start Quiz of 29th-31st March 2025 on Mobile

Start Quiz of 29th-31st March 2025 on Desktop