Daily Current Affairs Quiz25 March, 2025 International Affairs 1. Trump Proposes 25% Tariff on Countries Purchasing Venezuelan Oil Context: Former U.S. President Donald Trump announced a plan to impose a 25% tariff on any country purchasing oil and gas from Venezuela. The tariff would apply to all trade those countries conduct with the United States. The measure is set to take effect from April 2, 2025, as per Trump’s statement on his social media platform. Reason Behind the Move Impact on Global Trade Recent U.S. Actions Political Context Legal Action Against Venezuelan Gangs National Affairs 1. India’s Urbanisation Journey India’s Urban Journey Role of the Centre in Urban Development Why the Top-Down Financial Model? Urbanisation Variations Across States Problems with ‘One-Size-Fits-All’ Policies Suggested Alternative Why a Shift in Approach is Crucial A fundamental redefinition of roles at the Central, State, and city levels is necessary for India’s urban transformation. Central government’s role should shift to guidance and enabling, not prescription. Stronger fiscal autonomy for cities and States will help realise context-sensitive, demand-driven urban development, aligned with India’s complex and diverse realities. 2. DNA Fingerprinting and Its Role in Identification What is DNA? What are STRs (Short Tandem Repeats)? How do scientists copy DNA? What is a DNA fingerprint? Uses of DNA Fingerprinting Why is DNA analysis important? Source: TH 3. Guidelines on Deletion of MGNREGS Job Cards Context: Over 10.43 crore workers have been removed from the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the past four years. Aadhaar-linked payments: The deletions coincide with the implementation of Aadhaar-based payment systems, though the government denies any direct correlation. Key Guidelines Issued by the Ministry of Rural Development Transparency & Due Process Significance & Implications Source: TH 4. India’s Genomic Sequencing Initiative for Tuberculosis Context: The Department of Biotechnology (DBT) has completed the genomic sequencing of a third, or 10,000 samples, of the target of 32,500 samples of mycobacterium tuberculosis the bacteria behind tuberculosis (TB) in a bid to improve the understanding of drug-resistant TB and capture unique genomic features of the TB bacterium in India. Of the sequenced samples, 7% are said to be resistant to a single drug. Overview of the Initiative Findings From Sequenced Samples National TB Eradication Goals Challenges Highlighted Future Strategies Significance Source: TH 5. India to Conduct First-Ever ‘Aikeyme’ Naval Exercise Context: India is set to host a landmark naval exercise named ‘Aikeyme’ Africa-India Key Maritime Engagement with 10 African countries, marking a significant step in strengthening its maritime and defense ties with the African continent. This comes amid increasing Chinese strategic inroads and ongoing maritime threats in the region. Key Details of Exercise Aikeyme Indian Ocean Ship (IOS) Sagar Initiative Strategic Importance The Aikeyme naval exercise and the IOS Sagar initiative reinforce India’s commitment to: TOI Banking/Finance 1. Transparency, FPI Threshold, and Governance Reforms Context: The Securities and Exchange Board of India (Sebi), under the new leadership of Tuhin Kanta Pandey, held its first board meeting on Monday. Key Decisions A. High-Level Committee (HLC) Formation B. Regulatory Changes and Simplifications Strategic Objectives Implications for Stakeholders Under Tuhin Kanta Pandey’s leadership, SEBI has taken decisive first steps towards transparent governance, robust conflict-of-interest safeguards, and simplified regulations. These reforms signal a forward-looking, investor-friendly approach that aims to balance market growth with strong institutional integrity. Source: BS 2. SEBI to set up High-Level Committee on Conflict of Interest Context: The newly formed High-Level Committee (HLC), comprising eminent experts from regulatory bodies, government, private sector, and academia, will submit its recommendations within three months of formation. Raised FPI Disclosure Threshold Fee Structure Reforms for IAs and RAs Deferred Proposals Treatment of Category II AIF Investments Changes in MII Governance Appointments F&O Market Reforms Update SEBI’s recent board meeting decisions highlight its intent to foster transparency, ensure strong governance, and promote ease of doing business. By doubling FPI thresholds, revising conflict-of-interest frameworks, and streamlining governance in MIIs, the regulator is taking proactive steps to build trust and facilitate sustained market growth. 3. IMF’s FSSA Report Highlights Need for Stronger Credit Risk Practices Key Findings from the FSSA Report Financial Inclusion and Infrastructure Growth Insurance Sector and Regulatory Progress Addressing Cybersecurity and Climate Risks The IMF’s FSSA report acknowledges India’s progress in building a resilient and diverse financial system. However, the path forward requires continued focus on aligning with global standards, particularly IFRS 9, strengthening credit risk supervision, broadening financial inclusion, and addressing climate and cybersecurity challenges. These steps are vital to fortify India’s financial system and sustain its growth momentum. Source: BS 4. RBI Revises Priority Sector Lending Norm Key Changes Housing Loan Limits Under Priority Sector Earlier Norms: Renewable Energy (RE) Loan Limit Enhancements Changes for Urban Cooperative Banks (UCBs) Weaker Sections Lending Current Status (as per January 2024): Performance in FY24: The RBI’s revised priority sector lending guidelines are aimed at expanding financial inclusion and promoting renewable energy investments. By enhancing housing loan limits and broadening eligible categories, the central bank is supporting key sectors aligned with national development goals. 5. Record Dividend Payouts by Central Public Sector Enterprises (CPSEs) in FY25 Key Highlights 1. Highest-Ever Dividend Receipts: 2. Top Dividend Contributors in FY25: 3. Revised CPSE Dividend Policy: 4. CPSE Profit Growth: 5. Public Sector Banks (PSBs) Dividend Surge: 6. State Bank of India (SBI) Performance: 7. Historical Dividend Trend: 6. India’s Derivatives Market Unprecedented Growth in Derivatives Trading SEBI’s Initial Measures (Effective from November 2024) Visible Impact of Measures Current Derivative-to-Cash Market Ratios SEBI’s New Consultation Paper (February 2025) Intraday Limits and Safeguards Retail Participation and Market Outlook India’s derivatives market has seen unparalleled growth, but SEBI’s proactive measures aim to curb excesses, safeguard retail investors, and ensure systemic stability. Ongoing supervision and dynamic regulation will be key to balancing growth with stability in this critical market segment. 7. RBI Revises Priority Sector Lending (PSL) Guidelines for 2025 Context: The Reserve Bank of India (RBI) has issued revised guidelines on priority sector lending (PSL), aimed at facilitating better targeting of bank credit to