Daily Current Affairs Quiz21 & 22 September, 2025 National Affairs 1. UN Report: Gender Snapshot 2025 Source: TOI Context: A recent UN report (Gender Snapshot 2025) indicates that women’s jobs globally face greater susceptibility to automation and AI-driven displacement compared to men’s jobs. Key Findings: Recommendations 2. Kilnamandi Sarcophagus Redraws Harappan Age Trade Map Source: TOI Context: Archaeologists in Tamil Nadu discovered a terracotta sarcophagus in Kilnamandi village (Tiruvannamalai district). The deposit (charcoal from a funeral pyre) was dated via AMS radiocarbon method to 1692 BCE, placing it in the Late Harappan period About the Sarcophagus: Key Findings: 3. CAG’s State Finances Publication 2025 Source: IE Context: The Comptroller & Auditor General of India (CAG) released the State Finances Publication 2025, highlighting a sharp rise in states’ salary bills and debt burden over the past decade. About the Publication: Key Highlights (2025 Report): 4. Logistics Ease Across Different States (LEADS) 2025 Context: Launched by Union Commerce & Industry Minister in New Delhi during the 10-year celebrations of Make in India. Aims to benchmark and enhance the logistics ecosystem across Indian States and Union Territories (UTs). About LEADS: Assessment Criteria: Key Features of LEADS 2025: Banking/Finance 1. EPFO Allows Part Payments in PF Settlements to Prevent Financial Distress Source: BS Context: The Employees’ Provident Fund Organisation (EPFO) has directed its regional and zonal offices to process part payments in provident fund (PF) settlement claims instead of rejecting them outright in certain cases. The move is aimed at reducing financial hardship for members facing settlement delays due to employer defaults or transfer-related issues. Key Highlights: New EPFO Directive Situations Eligible for Part Payments According to EPFO’s accounting manual, part payments can be made in the following cases: Monitoring and Process Recent Digital Reforms by EPFO 2. CBIC to Launch Advanced GST Invoice Management System Source: ET Context: The Central Board of Indirect Taxes and Customs (CBIC) is developing an advanced invoice management system for GST. Objective: Stop unnecessary system-generated mismatch notices and streamline dispute resolution for taxpayers. Key Features of the New System Central Board of Indirect Taxes and Customs (CBIC) 3. FACEs Debt Collection Norms: New Benchmark for Fintechs and NBFCs Source: BS Context: The Fintech Association for Consumer Empowerment (FACE) has rolled out self-regulatory norms on debt collection, aligning with RBI’s digital lending guidelines. These norms aim to bring discipline, transparency, and borrower protection into the lending ecosystem. Key Highlights: Fintech Association for Consumer Empowerment (FACE) Recognition & Role 4. Stablecoin Source: BS Context: Stablecoins, pegged to the US dollar and designed to reduce crypto volatility, are seeing significant adoption in India even though they lack regulatory backing. This comes as the Reserve Bank of India (RBI) pilots its own Central Bank Digital Currency (CBDC) as a sovereign alternative. Key Highlights: 5. Clearing Corporation of India Ltd (CCIL) Source: ET Context: On September 19, 2025, RBI Governor Sanjay Malhotra invited the Clearing Corporation of India Ltd (CCIL) to build infrastructure for trading and settling currency pairs beyond USD–INR, aligning with India’s broader objective of rupee internationalisation. Background: Key Functions of CCIL: Subsidiaries: 6. SMFG India Credit Partners with PhonePe to Offer Collateral-Free Credit Source: ET Context: SMFG India Credit (SMICC), a Non-Banking Financial Company (NBFC), has partnered with PhonePe to provide collateral-free credit to merchants. Key Highlights: Who are Micro-Merchants? 7. Paytm Launches UPI Credit Line ‘Paytm Postpaid’ with Suryoday SFB Context: Paytm, in collaboration with Suryoday Small Finance Bank (SFB), has introduced a credit line on UPI called Paytm Postpaid. Key Highlights: Significance: 8. Tax Loss Harvesting (TLH) Code Context: The Securities and Exchange Board of India (SEBI) has introduced measures to simplify the transfer of securities from nominees to legal heirs, reducing tax and compliance burdens. Objective: Facilitate smooth transfer of securities upon the death of an investor, easing financial processes for legal heirs. What is Tax Loss Harvesting (TLH)? TLH Code by SEBI Why is TLH Code Important? Example Agriculture 1. HyFarm Paathshala: Empowering Farmers with Knowledge Context: Ahmedabad-based HyFarm, a vertical of the HyFun Group, has launched an innovative farm school that shifts learning from classrooms to the actual fields. The initiative, called Paathshala, combines traditional practices with modern technology to make farming more efficient, sustainable, and profitable. Key Highlights: Significance Facts To Remember 1. CM launches ‘MLA on Wheels’ initiative for grassroots governance Chief Minister Rekha Gupta on Saturday launched the ‘MLA on Wheels’ initiative to bring governance closer to the people and resolve their grievances. 2. Tourism Ministry launches national young chef contest In order to promote Indian cuisine, a culinary contest is being organised for young chefs across the country by the Union Tourism Ministry for the first time. 3. Mohanlal to receive Dadasaheb Phalke Award The Ministry of Information & Broadcasting on Saturday announced that actor Mohanlal will be presented the country’s highest film honour, the prestigious Dadasaheb Phalke Award, for 2023. The award will be presented at the 71st National Film Awards ceremony on September 23. 4. GST Exemption on Life and Health Insurance Policies From September 22, 2025, all individual life and health insurance policies in India, along with their reinsurance, will be fully exempted from Goods and Services Tax (GST). The GST Council’s decision aims to improve affordability and boost insurance penetration across the country. 5. ISLRTC organises programme to celebrate Sign Language Day 2025 in new delhi Indian Sign Language Research and Training Centre (ISLRTC), under the Department of Empowerment of Persons with Disabilities, will organise a programme to celebrate ‘Sign Language Day – 2025’, in New Delhi. 6. NHRC launches online Short Term Internship Programme for college and university students The National Human Rights Commission (NHRC) began its Online Short Term Internship Programme (OSTI). The two-week programme aims to provide college and university students with a comprehensive understanding of the promotion and protection of Human Rights in the country. 7. CDS General Anil Chauhan inaugurates first Tri-Services Academia Technology Symposium in New Delhi Chief of Defence Staff General Anil Chauhan today inaugurated the first Tri Services Academia