Mission Overview: Significance of the Mission About the Deep Ocean Mission Related National Initiatives Supporting Ocean and Coastal Development
Periodic Labour Force Survey (PLFS) April 2025Â â Monthly Bulletin
Context: The revamped Periodic Labour Force Survey (PLFS) began in January 2025 to generate monthly employment and unemployment indicators. Covers both rural and urban areas using Current Weekly Status (CWS). Introduces rotational panel sampling, revisiting households 4 times over 4 months. Sampling Statistics (April 2025) Key Indicators (for Age 15 Years and Above) Labour Force Participation Rate (LFPR) By Age Group (15â29 years) Worker Population Ratio (WPR) By Age Group (15â29 years) Unemployment Rate (UR) By Age Group (15â29 years) Definitions for Quick Reference Category LFPR (M) LFPR (F) UR (M) UR (F) Rural (15â29) 63.5% 23.8% 13.0% 10.7% Rural (All Ages) 57.5% 28.8% 4.9% 3.8% Urban (15â29) 59.1% 21.5% 15.0% 23.7% Urban (All Ages) 58.5% 20.5% 5.8% 8.7% Total (15â29) 62.0% 23.1% 13.6% 14.4% Total (All Ages) 57.8% 26.2% 5.2% 5.0% Observations PIB
ISRO’s upcoming PSLV-C61 / EOS-09 Mission and Chandrayaan-5
PSLV-C61 / EOS-09 Launch Launch Details Satellite Details Chandrayaan-5 / LUPEX Mission Mission Collaboration: Objective TIM-3 Technical Interface Meeting Chandrayaan Series Mission Focus Area Chandrayaan-1 Orbital lunar mapping (2008) Chandrayaan-2 Orbiter and attempted lander (2019) Chandrayaan-3 Successful lander-rover (2023) Chandrayaan-4 Planned sample return mission Chandrayaan-5 / LUPEX Indo-Japan volatiles exploration mission TH
Supreme Court Recognises Digital Access as a Fundamental Right for Persons with Disabilities (PwDs)
Context: Key Legal Provisions Why Are KYC Rules Important? Accessibility Challenges Faced by PwDs Supreme Court Observations Supreme Court Directions TH
IMF to Release $1.3 Billion to Bangladesh After Fourth Loan Review
Context: The International Monetary Fund (IMF) will disburse $1.3 billion to Bangladesh in June 2025 after the completion of the fourth review of its $4.7 billion loan program. Key Highlights: Major Reforms and IMF Conditions Significance Recent Related News: About the International Monetary Fund (IMF)
Daily Current Affairs (DCA) 16 & 17 May, 2025
Daily Current Affairs Quiz16 & 17 May, 2025 International Affairs 1. IMF to Release $1.3 Billion to Bangladesh After Fourth Loan Review Context: The International Monetary Fund (IMF) will disburse $1.3 billion to Bangladesh in June 2025 after the completion of the fourth review of its $4.7 billion loan program. Key Highlights: Major Reforms and IMF Conditions Significance Recent Related News: About the International Monetary Fund (IMF) National Affairs 1. Supreme Court Recognises Digital Access as a Fundamental Right for Persons with Disabilities (PwDs) Context: Key Legal Provisions Why Are KYC Rules Important? Accessibility Challenges Faced by PwDs Supreme Court Observations Supreme Court Directions TH 2. ISRO’s upcoming PSLV-C61 / EOS-09 Mission and Chandrayaan-5 PSLV-C61 / EOS-09 Launch Launch Details Satellite Details Chandrayaan-5 / LUPEX Mission Mission Collaboration: Objective TIM-3 Technical Interface Meeting Chandrayaan Series Mission Focus Area Chandrayaan-1 Orbital lunar mapping (2008) Chandrayaan-2 Orbiter and attempted lander (2019) Chandrayaan-3 Successful lander-rover (2023) Chandrayaan-4 Planned sample return mission Chandrayaan-5 / LUPEX Indo-Japan volatiles exploration mission TH 3. Periodic Labour Force Survey (PLFS) April 2025 â Monthly Bulletin Context: The revamped Periodic Labour Force Survey (PLFS) began in January 2025 to generate monthly employment and unemployment indicators. Covers both rural and urban areas using Current Weekly Status (CWS). Introduces rotational panel sampling, revisiting households 4 times over 4 months. Sampling Statistics (April 2025) Key Indicators (for Age 15 Years and Above) Labour Force Participation Rate (LFPR) By Age Group (15â29 years) Worker Population Ratio (WPR) By Age Group (15â29 years) Unemployment Rate (UR) By Age Group (15â29 years) Definitions for Quick Reference Category LFPR (M) LFPR (F) UR (M) UR (F) Rural (15â29) 63.5% 23.8% 13.0% 10.7% Rural (All Ages) 57.5% 28.8% 4.9% 3.8% Urban (15â29) 59.1% 21.5% 15.0% 23.7% Urban (All Ages) 58.5% 20.5% 5.8% 8.7% Total (15â29) 62.0% 23.1% 13.6% 14.4% Total (All Ages) 57.8% 26.2% 5.2% 5.0% Observations PIB 4. Indiaâs Manned Deep-Sea Mission: MATSYA 6000 Mission Overview: Significance of the Mission About the Deep Ocean Mission Related National Initiatives Supporting Ocean and Coastal Development 5. United Nations World Economic Situation and Prospects (WESP) Report 2025 Report: India Retains Position as World’s Fastest-Growing Major Economy: UN WESP Report 2025 Key Highlights: Significance: About the Report: 6. Supreme Courtâs Advisory Jurisdiction â Article 143 Context: The President of India has invoked Article 143(1) to seek the Supreme Courtâs opinion on whether time limits can be imposed on the President and Governors for deciding on State Legislature Bills. This seeks to address delays in gubernatorial assent, especially in politically sensitive states. What is Advisory Jurisdiction? Constitutional Provisions Key Features Historical Usage of Article 143 Invoked 14 times since 1950 for diverse constitutional and legal clarifications: Case Issue Referred Delhi Laws Act Case (1951) Legislative powers and delegation Berubari Union Case (1960) Territorial transfer to Pakistan Kesavananda Follow-up (1973) Basic Structure doctrine Cauvery Tribunal (1992) Jurisdiction in federal water disputes Ayodhya Reference (1993) SC declined, citing political nature Judges Appointment Case (1998) Collegium system clarified Significance of Current Reference (2025): Could clarify constitutional silence on gubernatorial timelines. Banking/Finance 1. Economic Capital Framework (ECF) Context: The Reserve Bank of India (RBI) Central Board convened on May 15, 2025 to review the Economic Capital Framework (ECF). Definition of Economic Capital Framework (ECF) The Economic Capital Framework (ECF) is the risk management policy of the Reserve Bank of India (RBI) that determines: Key Components of the ECF RBI Surplus Transfers to the Government (Under ECF) Financial Year Surplus Transferred FY24 âč2.11 lakh crore (highest-ever) FY23 âč87,416 crore FY22 âč30,307 crore FY21 âč99,122 crore Significance of ECF Potential Impacts of ECF on Fiscal Management Scenario Implication Higher CRB More financial stability, lower surplus to government Lower CRB Larger transfers to government, higher fiscal flexibility, but increased financial risk Impact on Budget Surplus transfers fund infrastructure, subsidies, and welfare programs Balancing Act 2. AI and MCP Revolutionize Backend Systems in B2B Fintech Context: Indian B2B fintech players like Cashfree Payments and Razorpay are leveraging AI-powered agents and a new tool called Model Context Protocol (MCP) to simplify backend operations for businesses. MCP acts as a universal connector, akin to a USB-C port, enabling seamless communication between different fintech APIs and AI systems. What is Model Context Protocol (MCP)? AI-Driven Use Cases Scaling & Future Outlook BS 3. Government Plans to List Five Regional Rural Banks (RRBs) by FY27 Context: Under the âOne State, One RRBâ policy, the central government is pushing RRB consolidation to improve efficiency and minimize inter-bank competition. Post the latest merger effective May 1, India now has 28 RRBs across 26 states and 2 UTs, operating over 22,000 branches in 700 districts. The government’s new goal is to list at least five RRBs by FY27 to enhance their credibility, public accountability, and access to capital markets. Purpose of RRB Listings IPO Eligibility Criteria (As per 2022 Draft Guidelines by Finance Ministry) To qualify for a public listing, an RRB must meet the following conditions: Impact RRBs BS 4. Draft RBI Guidelines on Co-lending Context: Technological and Operational Implications Concerns Around Colending Model 2 (CLM 2) Expected Outcomes BS 5. Co-Lending Model What is Co-Lending? Key Features of the Co-Lending Model How Co-Lending Works? Advantages of Co-Lending To Banks: To NBFCs: To Consumers: Benefits of the Co-Lending Model Applications of Co-Lending 6. âNiveshak Shivirâ for Reclaiming Unclaimed Dividends & Shares Context: On May 9, 2025, the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs, in collaboration with SEBI, held a preparatory meeting in Mumbai. âNiveshak Shivirâ Initiative About IEPFA Significance PIB 7. Indian Bank Launches New Fixed Deposit Schemes IND SECURE and IND GREEN New Fixed Deposit Schemes (Effective May 8, 2025): Discontinued Fixed Deposit Schemes (From May 8, 2025): Mint 8. SEBIâs New Cancellation Norms Context: The number of cancelled Systematic Investment Plans (SIPs) surged to 162.3 lakh in April 2025, more than three times higher than the previous month. This increase was driven by the implementation of SEBI‘s new cancellation norms, not investor panic. What is a
Dvara Solutions â Kissandhan Agri Financial Services partnership
Strategic Partnership Key Features of the Integration Expected Benefits for Kissandhan Impact So Far (as of April 30, 2025) BL
Bhutan Launches Worldâs First National Cryptocurrency Tourism Payment System
Context: Bhutan has become the first country globally to launch a national-level cryptocurrency payment system for tourism, in partnership with Binance Pay, a subsidiary of Binance Holdings Ltd, and DK Bank, Bhutanâs first fully digital bank. Key Features of the Crypto Tourism Payment System About Binance Pay A crypto payment platform by Binance Holdings Ltd, the worldâs largest cryptocurrency exchange by trading volume, supporting secure, gas-free transfers and payments.
RBI Imposes Penalties on SBI and Jana Small Finance Bank for Regulatory Non-Compliance
Context: The Reserve Bank of India (RBI) has levied monetary penalties on State Bank of India (SBI) and Jana Small Finance Bank for violations of regulatory norms, highlighting the central bankâs continued focus on supervisory enforcement in the banking sector. Penalty on State Bank of India (SBI): Penalty on Jana Small Finance Bank: Clarification by RBI Contextual Update
AMEX and HSBC Lead Foreign Banks in Credit Card Growth in FY25
Context: American Express (AmEx) and HSBC emerged as the top-performing foreign banks in net credit card additions in FY25, bucking the broader industry trend of decelerating growth in the credit card segment. The industry added over 8 million credit cards in total, reflecting a year-on-year slowdown. American Express (AmEx) American Express (AmEx) is a global payments company and financial services corporation known for its credit cards and other financial products. It offers a wide range of services, including credit cards, charge cards, payment processing, and travel-related benefits to individuals, businesses, and corporations. AmEx is headquartered in New York and operates in over 200 countries and territories, serving a global customer base. HSBC HSBC, formally known as The Hongkong and Shanghai Banking Corporation Limited, is a global financial institution founded in 1865 with the purpose of facilitating trade between Europe and Asia. As described by HSBC, they aim to open up opportunities for their customers by leveraging their expertise, capabilities, and perspectives. Today, HSBC serves a global network of customers, including individuals, corporations, and governments, across 58 countries and territories.
