{"id":171077,"date":"2025-03-13T14:59:11","date_gmt":"2025-03-13T09:29:11","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=171077"},"modified":"2025-03-13T14:59:11","modified_gmt":"2025-03-13T09:29:11","slug":"current-affairs-13-march-2025-by-gkseries","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/current-affairs-13-march-2025-by-gkseries\/","title":{"rendered":"Current Affairs 13 March 2025 By GkSeries"},"content":{"rendered":"\n

Current Affairs<\/strong>\u00a0is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0Daily Current Affairs 13 March 2025,<\/strong>\u00a0we have tried to cover each and every point and also included all important facts from National\/ International news that are useful for upcoming competitive examinations such as\u00a0UPSC, SSC, Railway, State Govt. etc.<\/strong><\/p>\n\n\n\n

Delhi International Airport Wins Prestigious ASQ Award for Best Airport in Asia-Pacific<\/h1>\n\n\n\n

GMR Airports Infrastructure Limited recently shared some exciting news: its subsidiary, Delhi International Airport Limited (DIAL), has received the esteemed Airport Service Quality (ASQ) Airport Experience Award for 2024! This award recognizes DIAL as the Best Airport for handling over 40 million passengers in the Asia-Pacific region. What\u2019s even more impressive is that this is the seventh year in a row that Delhi Airport has been celebrated for its outstanding dedication to customer service.<\/p>\n\n\n\n

Delhi International Airport, operated by GMR Airports Infrastructure Limited, has once again affirmed its position as a leader in airport service quality by winning the ASQ Airport Experience Award 2024. This recognition, granted by Airports Council International (ACI), highlights the airport\u2019s ongoing commitment to delivering an outstanding passenger experience, operational efficiency, and customer satisfaction. The award showcases Delhi Airport\u2019s achievements in maintaining high service standards, further establishing its reputation as a premier global aviation hub.<\/p>\n\n\n\n

Understanding the ASQ Awards<\/h2>\n\n\n\n

The Airport Service Quality (ASQ) Awards are known as the gold standard in the global airport sector. These awards honor the top airports around the world, based on passenger satisfaction surveys that take place at the airports themselves. Here are some important features of these awards:<\/p>\n\n\n\n

\u2022 Global Benchmarking:<\/strong> It\u2019s the only global program that gauges passenger experiences while at the airport.<\/p>\n\n\n\n

\u2022 Passenger-Centric:<\/strong> The awards rely on real-time feedback from travelers across various service metrics.<\/p>\n\n\n\n

\u2022 Worldwide Participation:<\/strong> More than 400 airports are part of this initiative.<\/p>\n\n\n\n

Delhi International Airport\u2019s Legacy of Excellence<\/h3>\n\n\n\n

This year marks a significant achievement for Delhi Airport, as it has won the award for the seventh straight time in the 40+ Million Passengers Per Annum (MPPA) category within the Asia-Pacific region. Having held this honor from 2018 to 2023, the airport showcases its ongoing commitment to providing outstanding service quality.<\/p>\n\n\n\n

Delhi Airport\u2019s Growth and Future Prospects<\/strong><\/p>\n\n\n\n

This recognition further underscores Delhi International Airport\u2019s role as a leading aviation hub. In 2024, Delhi Airport reached a major milestone by joining the elite group of global airports capable of serving 100 million passengers per year<\/strong>. This milestone strengthens its position as a major player in the international aviation industry.<\/p>\n\n\n\n

About GMR Airports Limited<\/strong><\/p>\n\n\n\n

GMR Airports Limited (GAL), formerly known as GMR Airports Infrastructure Limited<\/strong>, is a leading global airport platform company<\/strong> with over two decades of experience<\/strong> in designing, constructing, and operating world-class, sustainable airports<\/strong>.<\/p>\n\n\n\n

Holi 2025: Date, Time, Significance<\/h1>\n\n\n\n

Holi, famously known as the \u201cFestival of Colors,\u201d is one of the most cheerful Hindu festivals out there. It\u2019s celebrated with a lot of excitement not just in India but in various other countries too. The festival unfolds over two days: Holika Dahan<\/em><\/strong> marks the first day, while Rangwali <\/em><\/strong>Holi takes place on the second. Holi celebrates the victory of good over evil and is characterized by bonfires, colorful powders, lively music, dancing, and an array of sweets.<\/p>\n\n\n\n

Two Days of Holi Celebration<\/h3>\n\n\n\n

Holika Dahan:<\/strong> The first day of Holi is known as Holika Dahan, or sometimes Chhoti Holi or Jalawali Holi. On this day, people light a bonfire to burn Holika, representing the victory of good over evil. Families gather around the fire, engaging in prayers and rituals to dispel negativity from their lives.<\/p>\n\n\n\n

Rangwali Holi:<\/strong> The second day is called Rangwali Holi, Dhulandi, or the main day of Holi. This is when the real fun starts! People play with gulaal (dry colors), toss water balloons, and splash around with colored water. Friends and families come together to celebrate with music, dance, and sweet treats like gujiya and malpura.<\/p>\n\n\n\n

Holika Dahan 2025: Date and Time<\/h3>\n\n\n\n

In 2025, Holika Dahan will be performed on Thursday, March 13<\/strong>, while the main Holi celebration will take place on Friday, March 14.<\/p>\n\n\n\n

Timings for Holi Dahan 2025<\/strong><\/p>\n\n\n\n

    \n
  • Purnima Tithi Begins:<\/strong>\u00a0March 13, 2025 at 10:35 AM<\/li>\n\n\n\n
  • Purnima Tithi Ends:<\/strong>\u00a0March 14, 2025 at 12:23 PM<\/li>\n\n\n\n
  • Holika Dahan Muhurat:<\/strong>\u00a0From 11:26 PM on March 13 to 12:19 AM on March 14<\/li>\n<\/ul>\n\n\n\n

    Significance of Holi<\/h3>\n\n\n\n

    Holi is all about joy, unity, and celebrating the triumph of good over evil. It tells the story of Prahlad and Holika, showcasing the power of faith and devotion. This vibrant festival also welcomes the arrival of spring, ushering in fresh starts and happiness. During Holi, people set aside their differences, strengthen their bonds, and spread love through colorful festivities, dancing, and sharing sweets. It\u2019s truly a time filled with fun, laughter, and togetherness.<\/p>\n\n\n\n

    Holi Boosts Indian Economy: Traders Expect \u20b960,000 Crore in Sales<\/h1>\n\n\n\n

    The Holi festival has once again proven to be a major economic force for traders and businesses across India. According to the Confederation of All India Traders (CAIT), this year\u2019s Holi sales are expected to exceed \u20b960,000 crore, which is a 20% increase from last year\u2019s \u20b950,000 crore. The demand for Indian-made herbal colors, gulal, water guns, balloons, sweets, dry fruits, and festive clothing has skyrocketed, as traders and customers continue to avoid Chinese products. In Delhi alone, Holi-related business is projected to go beyond \u20b98,000 crore, giving a significant boost to local trade and the MSME sectors.<\/p>\n\n\n\n

    Key Highlights of Holi 2025 Sales & Trends<\/h3>\n\n\n\n

    1. Increased Consumer Spending & Festive Sales Boom<\/strong><\/p>\n\n\n\n

      \n
    • For Holi 2025, sales are expected to hit over \u20b960,000 crore, up from \u20b950,000 crore last year.<\/li>\n\n\n\n
    • In Delhi, the Holi business alone is forecasted to surpass \u20b98,000 crore.<\/li>\n\n\n\n
    • There\u2019s a significant demand for colors, sweets, clothing, FMCG products, and consumer goods.<\/li>\n\n\n\n
    • We\u2019re also anticipating a bustling atmosphere in wholesale and retail markets throughout India.<\/li>\n<\/ul>\n\n\n\n

      2. Boycott of Chinese Goods & Preference for Indian Products<\/strong><\/p>\n\n\n\n

        \n
      • Consumers are increasingly opting for Indian-made products instead of their Chinese counterparts. Some of the favorites include herbal colors, gulal, water guns, balloons, sandalwood, pooja materials, and clothing.<\/li>\n\n\n\n
      • This growing preference is really helping local traders and the MSME sectors thrive with the rising demand for Indian goods.\u00a0<\/li>\n<\/ul>\n\n\n\n

        3. Surge in Demand for Festive Attire & Accessories<\/strong><\/p>\n\n\n\n

        \u2022 White T-shirts, kurta-pajamas, and salwar suits are super popular for Holi celebrations.<\/p>\n\n\n\n

        \u2022 T-shirts featuring \u201cHappy Holi\u201d slogans are flying off the shelves.<\/p>\n\n\n\n

        \u2022 This festive season is really driving sales in the textile, garment, and accessories markets. <\/p>\n\n\n\n

        4. Growth in Event Bookings for Holi Celebrations<\/strong><\/p>\n\n\n\n

          \n
        • Large-scale Holi Milan celebrations are taking place across Delhi and other major cities.<\/li>\n\n\n\n
        • Over 3,000 Holi events are being organized in Delhi alone.<\/li>\n\n\n\n
        • Banquet halls, farmhouses, hotels, restaurants, and public parks are fully booked for Holi events.<\/li>\n\n\n\n
        • Business, social, cultural, and religious organizations are actively hosting Holi Milan gatherings.<\/li>\n<\/ul>\n\n\n\n

          5. Increased Demand for Water Guns & Holi Items<\/strong><\/p>\n\n\n\n

            \n
          • Markets are flooded with unique and attractive water guns (pichkaris).<\/li>\n\n\n\n
          • Price Range for Water Guns,<\/li>\n\n\n\n
          • Pressure water guns:<\/strong>\u00a0\u20b9100 to \u20b9350<\/li>\n\n\n\n
          • Tank-style water guns:<\/strong>\u00a0\u20b9100 to \u20b9400<\/li>\n\n\n\n
          • Fancy pipe water guns are also in trend.<\/li>\n\n\n\n
          • Popular cartoon character-themed pichkaris featuring Spider-Man and Chhota Bheem are a hit among children.<\/li>\n\n\n\n
          • Spray-based gulal is witnessing very high demand.<\/li>\n<\/ul>\n\n\n\n

            6. Sweet Shops Experience Record Sales for Holi Treats<\/strong><\/p>\n\n\n\n

              \n
            • Huge demand for Holi-special gujiyas and other festive sweets.<\/li>\n\n\n\n
            • Dry fruits, dry fruit garlands, and festive gift hampers are being widely purchased for gifting.<\/li>\n\n\n\n
            • Traditional Holi delicacies are contributing to high sales in sweet shops and grocery markets.<\/li>\n<\/ul>\n\n\n\n

              7. Delhi\u2019s Holi Celebrations & Market Trends<\/strong><\/p>\n\n\n\n

                \n
              • Holika Dahan in Delhi:<\/strong>\u00a0March 13, 2025.<\/li>\n\n\n\n
              • Holi (Festival of Colors)<\/strong>: March 14, 2025.<\/li>\n\n\n\n
              • Delhi markets are fully decorated and stocked with festive items.<\/li>\n\n\n\n
              • Rising number of shoppers indicates a strong festive buying trend.<\/li>\n\n\n\n
              • Custom of gifting sweets and dry fruit garlands has further boosted market activity.<\/li>\n<\/ul>\n\n\n\n

                Maharashtra Budget 2025-26: A Detailed Analysis<\/h1>\n\n\n\n

                The Maharashtra Budget for 2025-26 was presented by Deputy Chief Minister Ajit Pawar, who also manages the Finance portfolio. This budget follows the Mahayuti government’s impressive win in the assembly elections and comes at a time of significant financial strain. The state is grappling with a record debt projection of Rs 9.3 lakh crore and an alarming revenue deficit, estimated at Rs 45,891 crore for the fiscal year 2025-26. Given these financial hurdles, the budget refrains from launching any major new initiatives and instead prioritizes the continuation of existing programs.<\/p>\n\n\n\n

                Financial Condition of Maharashtra<\/h3>\n\n\n\n

                1. Rising Debt Burden<\/strong><\/p>\n\n\n\n

                  \n
                • The state’s total debt is projected to hit Rs 9.3 lakh crore, which is an increase of Rs 2 lakh crore from last year (2024-25), when it stood at Rs 7.1 lakh crore.<\/li>\n\n\n\n
                • If we look back a decade, this amount has nearly tripled.<\/li>\n\n\n\n
                • The fiscal deficit is estimated to be 2.76% of the Gross State Domestic Product (GSDP), and the debt-to-GSDP ratio is at 18.7%, comfortably below the 25% limit set.<\/li>\n<\/ul>\n\n\n\n

                  2. Widening Revenue Deficit<\/strong><\/p>\n\n\n\n

                  The state’s revenue deficit, which is the difference between what it brings in and what it spends, is expected to hit Rs 45,891 crore. That’s more than double last year’s estimate of Rs 20,051 crore.<\/p>\n\n\n\n

                  With such a tight financial situation, the government is finding it tough to roll out new welfare programs.<\/p>\n\n\n\n

                  Key Budget Highlights<\/h3>\n\n\n\n

                  1. Existing Welfare Schemes Over New Announcements<\/strong><\/p>\n\n\n\n

                  The budget is all about keeping the current welfare programs running instead of introducing new ones. One of the key initiatives, the Mukhya Mantri Majhi Ladki Bahin Yojana, has experienced a budget cut of Rs 10,000 crore compared to last year. For the 2025-26 period, the total funding for this scheme stands at Rs 36,000 crore. Unfortunately, the planned increase in the monthly stipend from Rs 1,500 to Rs 2,100 has been postponed.<\/p>\n\n\n\n

                  2. Farm Loan Waiver Deferred<\/strong><\/p>\n\n\n\n

                    \n
                  • The Mahayuti government had pledged to provide a farm loan waiver in its election manifesto, but unfortunately, it didn\u2019t make it into this year\u2019s budget.<\/li>\n\n\n\n
                  • Instead, the focus seems to be on maintaining the current agricultural programs.<\/li>\n<\/ul>\n\n\n\n

                    3. Increase in District Annual Plan<\/strong><\/p>\n\n\n\n

                      \n
                    • To strengthen\u00a0local governance<\/strong>, the\u00a0district annual plan<\/strong>\u00a0has been\u00a0hiked by 11%<\/strong>, increasing from\u00a0Rs 18,165 crore to Rs 20,165 crore<\/strong>.<\/li>\n\n\n\n
                    • This is significant as\u00a0local body elections<\/strong>\u00a0are approaching.<\/li>\n<\/ul>\n\n\n\n

                      4. Social Justice Initiatives<\/strong><\/p>\n\n\n\n

                      The budget has made significant allocations for Scheduled Castes (SCs) and Scheduled Tribes (STs)<\/strong>:<\/p>\n\n\n\n

                        \n
                      • The\u00a0SC component<\/strong>\u00a0of the annual plan has been\u00a0increased by 42%<\/strong>.<\/li>\n\n\n\n
                      • The\u00a0ST component<\/strong>\u00a0has been\u00a0hiked by 40%<\/strong>.<\/li>\n<\/ul>\n\n\n\n

                        Revenue Generation Measures<\/h3>\n\n\n\n

                        1. New Taxes on Motor Vehicles<\/strong><\/p>\n\n\n\n

                          \n
                        • The government has proposed\u00a0new taxes on motor vehicles<\/strong>, which are expected to generate\u00a0Rs 1,125 crore<\/strong>\u00a0in revenue.<\/li>\n<\/ul>\n\n\n\n

                          2. Increase in Stamp Duty<\/strong><\/p>\n\n\n\n

                            \n
                          • Stamp duty on\u00a0certain transactions<\/strong>\u00a0has been increased to boost revenue collection.<\/li>\n<\/ul>\n\n\n\n

                            Infrastructure and Development Projects<\/h3>\n\n\n\n
                              \n
                            • The budget does not announce\u00a0new infrastructure projects<\/strong>, especially in the\u00a0road sector<\/strong>.<\/li>\n\n\n\n
                            • The focus remains on\u00a0ongoing projects<\/strong>, ensuring their timely completion rather than launching new ones.<\/li>\n<\/ul>\n\n\n\n

                              RBI and NCFE Launch Nationwide Campaigns to Boost Financial Literacy<\/h1>\n\n\n\n

                              The Reserve Bank of India (RBI) and the National Centre for Financial Education (NCFE) have rolled out financial literacy campaigns nationwide to foster financial awareness and inclusion. These initiatives, part of the National Strategy for Financial Education (NSFE), are focused on empowering diverse groups in society with essential financial knowledge and skills. They\u2019re conducting special programs aimed at different age brackets, particularly the youth (under 18) and senior citizens (over 60).<\/p>\n\n\n\n

                              Key Highlights of the Financial Literacy Campaigns<\/h3>\n\n\n\n

                              1. Financial Literacy Centres (FLCs) Initiative<\/strong><\/p>\n\n\n\n

                                \n
                              • Lead banks have been tasked with establishing Financial Literacy Centres (FLCs) to enhance financial education.<\/li>\n\n\n\n
                              • Additionally, banks are organizing special camps aimed at various target groups through these FLCs.<\/li>\n<\/ul>\n\n\n\n

                                2. \u2018RBI Kehta Hai\u2019 Campaign<\/strong><\/p>\n\n\n\n

                                  \n
                                • A multi-media, multilingual public awareness campaign.<\/li>\n\n\n\n
                                • Uses TV, radio, print, and digital platforms to educate people on safe banking practices and financial literacy.<\/li>\n<\/ul>\n\n\n\n

                                  3. Mass Media Financial Awareness Campaigns<\/strong><\/p>\n\n\n\n

                                    \n
                                  • Financial awareness messages disseminated to all age groups.<\/li>\n\n\n\n
                                  • Focuses on safe digital transactions, fraud prevention, and grievance redressal.<\/li>\n<\/ul>\n\n\n\n

                                    4. Financial Awareness Messages (FAME) Booklet<\/strong><\/p>\n\n\n\n

                                      \n
                                    • Developed\u00a0by RBI to standardize financial literacy content.<\/li>\n\n\n\n
                                    • Includes specific content for various target groups, including senior citizens.<\/li>\n<\/ul>\n\n\n\n

                                      5. Financial Education (FE) Programs by NCFE & CFL<\/strong><\/p>\n\n\n\n

                                        \n
                                      • Regular financial education programs for youth (below 18 years) and senior citizens (above 60 years).<\/li>\n\n\n\n
                                      • Conducted in collaboration with the Centre for Financial Literacy (CFL).<\/li>\n<\/ul>\n\n\n\n

                                        6. NCFE\u2019s National Strategy for Financial Education (NSFE)<\/strong><\/p>\n\n\n\n

                                          \n
                                        • Designed in consultation with Financial Sector Regulators.<\/li>\n\n\n\n
                                        • Aims to develop financial skills, attitudes, and behaviors for effective money management.<\/li>\n<\/ul>\n\n\n\n

                                          7. Financial Literacy Programs in North East India<\/strong><\/p>\n\n\n\n

                                            \n
                                          • 54 Financial Literacy Programs conducted in the last three years in North-Eastern States.<\/li>\n\n\n\n
                                          • Positive participant feedback on understanding financial concepts, grievance redressal mechanisms, and financial fraud protection.<\/li>\n<\/ul>\n\n\n\n

                                            8. Pan-India Financial Literacy and Inclusion Survey (2017)<\/strong><\/p>\n\n\n\n

                                              \n
                                            • Conducted in 29 states and 5 Union Territories (excluding Andaman & Nicobar Islands).<\/li>\n\n\n\n
                                            • Based on OECD\/INFE (International Network on Financial Education) Toolkit.<\/li>\n<\/ul>\n\n\n\n

                                              Financial literacy measured across three components<\/p>\n\n\n\n

                                                \n
                                              • Financial Knowledge<\/li>\n\n\n\n
                                              • Financial Attitude<\/li>\n\n\n\n
                                              • Financial Behavior<\/li>\n<\/ul>\n\n\n\n

                                                9. Government\u2019s Commitment to Financial Inclusion<\/strong><\/p>\n\n\n\n

                                                  \n
                                                • Ministry of Finance actively monitoring financial literacy programs.<\/li>\n\n\n\n
                                                • RBI and NCFE ensuring nationwide financial awareness and inclusion.<\/li>\n<\/ul>\n\n\n\n

                                                  Digital Payment Transactions Grow by 46% from FY 2021-22 to FY 2023-24<\/h1>\n\n\n\n

                                                  In India, digital payment transactions jumped from 8,839 crore in FY 2021-22 to an impressive 18,737 crore in FY 2023-24, reflecting a remarkable 46% CAGR (Compound Annual Growth Rate). A significant part of this growth can be attributed to the Unified Payments Interface (UPI), which experienced a phenomenal CAGR of 69%, reaching 13,116 crore transactions in FY 2023-24 and capturing more than 70% of the total digital payment market. The \u201cIncentive Scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M)\u201d has been a key player in this expansion, motivating people all over the country to go digital with their transactions.<\/p>\n\n\n\n

                                                  Key Highlights of Digital Payment Growth (FY 2021-22 to FY 2023-24)<\/h3>\n\n\n\n

                                                  1. Growth in Digital Transactions<\/strong><\/p>\n\n\n\n

                                                  Total Digital Payments<\/strong><\/p>\n\n\n\n

                                                    \n
                                                  • FY 2021-22 \u2013 8,8<\/li>\n\n\n\n
                                                  • Transactions (46% growth)<\/li>\n<\/ul>\n\n\n\n

                                                    UPI Transactions<\/strong><\/p>\n\n\n\n

                                                      \n
                                                    1. FY 2021-22 \u2013 4,597 crore transactions<\/li>\n\n\n\n
                                                    2. FY 2023-24 \u2013 13,116 crore transactions (69% CAGR)<\/li>\n\n\n\n
                                                    3. UPI Share in Total Digital Transactions (FY 2023-24) \u2013 70%<\/li>\n<\/ol>\n\n\n\n

                                                      2. Factors Driving Digital Payment Growth<\/strong><\/p>\n\n\n\n

                                                      UPI\u2019s Dominance: Rapid adoption of UPI for seamless and instant transactions.<\/p>\n\n\n\n

                                                      Expansion of Digital Payment Infrastructure<\/strong><\/p>\n\n\n\n

                                                        \n
                                                      1. Widespread adoption of QR codes & POS terminals.<\/li>\n\n\n\n
                                                      2. Increased participation of Third-Party App Providers (TPAPs).<\/li>\n<\/ol>\n\n\n\n

                                                        Increase in Banks Offering Digital Payment Services<\/strong><\/p>\n\n\n\n

                                                          \n
                                                        • FY 2021-22 \u2013 216 banks.<\/li>\n\n\n\n
                                                        • FY 2023-24 \u2013 572 banks.<\/li>\n<\/ul>\n\n\n\n

                                                          3. Role of the Government in Promoting Digital Payments<\/strong><\/p>\n\n\n\n

                                                            \n
                                                          • DIGIDHAN Mission:<\/strong>\u00a0Established to strengthen India\u2019s digital payment ecosystem.<\/li>\n<\/ul>\n\n\n\n

                                                            Incentive Scheme for Banks (ISB) Portal<\/p>\n\n\n\n

                                                            \u2022 Focused on building awareness and ensuring easy data collection.<\/p>\n\n\n\n

                                                            \u2022 Inspires banks to advocate for UPI and RuPay payment methods.<\/p>\n\n\n\n

                                                            \u2022 Stakeholder Consultations: Working closely with banks and fintech partners to enhance implementation.<\/p>\n\n\n\n

                                                            Digital Payment Transactions Cross 18,000 Crore in FY 2024-25<\/h1>\n\n\n\n

                                                            India\u2019s digital payment ecosystem has witnessed a remarkable surge, with total transactions crossing 18,000 crore in FY 2024-25 (till January 2025). This impressive growth is mainly fueled by the rise of UPI, better partnerships in the fintech space, and government efforts to encourage cashless payments. To keep things secure, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have rolled out AI-powered fraud detection systems and awareness campaigns aimed at tackling financial cybercrimes. Plus, the government has beefed up cybercrime reporting systems to make digital transactions safer for everyone.<\/p>\n\n\n\n

                                                            Key Highlights<\/h3>\n\n\n\n

                                                            \u2022 Digital payments, including UPI transactions, have skyrocketed to a whopping 18,120.82 crore transactions as of January 2025.<\/p>\n\n\n\n

                                                            \u2022 We\u2019ve seen a remarkable increase in digital transaction volume over the past five financial years.<\/p>\n\n\n\n

                                                            \u2022 The RBI and NPCI have rolled out AI-driven fraud prevention measures along with awareness campaigns.<\/p>\n\n\n\n

                                                            \u2022 The government is taking steps to tackle financial cybercrimes, launching initiatives like the National Cybercrime Reporting Portal and Helpline (1930). <\/p>\n\n\n\n

                                                            Growth in Digital Payments (Last Five Financial Years)<\/strong><\/p>\n\n\n\n

                                                              \n
                                                            • Financial Year Volume (in Crore Transactions) Value (in Lakh Crore \u20b9)<\/li>\n\n\n\n
                                                            • 2020-21 4,370.68 1,414.58<\/li>\n\n\n\n
                                                            • 2021-22 7,197.68 1,744.01<\/li>\n\n\n\n
                                                            • 2022-23 11,393.82 2,086.85<\/li>\n\n\n\n
                                                            • 2023-24 16,443.02 2,428.24<\/li>\n\n\n\n
                                                            • 2024-25 (Till Jan 2025) 18,120.82 2,330.72<\/li>\n\n\n\n
                                                            • Transaction volume has more than quadrupled since 2020-21!<\/li>\n<\/ul>\n\n\n\n

                                                              Measures to Prevent UPI and Digital Payment Frauds<\/h3>\n\n\n\n

                                                              1. AI\/ML-Based Fraud Prevention by NPCI<\/strong><\/p>\n\n\n\n

                                                                \n
                                                              • Device Binding:<\/strong>\u00a0Transactions are linked to a customer\u2019s mobile number & device.<\/li>\n\n\n\n
                                                              • Two-Factor Authentication:<\/strong>\u00a0PIN-based verification for secure transactions.<\/li>\n\n\n\n
                                                              • Daily Transaction Limits:<\/strong>\u00a0Caps on high-value transactions to minimize fraud.<\/li>\n\n\n\n
                                                              • AI\/ML Fraud Monitoring Solutions:<\/strong>\u00a0NPCI alerts banks and declines suspicious transactions using AI-based models.<\/li>\n<\/ul>\n\n\n\n

                                                                2. RBI & Banks\u2019 Awareness Campaigns<\/strong><\/p>\n\n\n\n

                                                                  \n
                                                                • SMS Alerts<\/strong>: Quick fraud prevention messages to users.<\/li>\n\n\n\n
                                                                • Radio & Public Awareness:<\/strong>\u00a0National campaigns on cybercrime prevention.<\/li>\n<\/ul>\n\n\n\n

                                                                  3. Cybercrime Reporting & Helplines<\/strong><\/p>\n\n\n\n

                                                                    \n
                                                                  • National Cybercrime Reporting Portal: www.cybercrime.gov.in<\/li>\n\n\n\n
                                                                  • Cybercrime Helpline: Call 1930 for immediate fraud reporting.<\/li>\n<\/ul>\n\n\n\n

                                                                    Department of Telecommunications Initiatives<\/strong><\/p>\n\n\n\n

                                                                      \n
                                                                    • Digital Intelligence Platform (DIP): Tracks fraud transactions.<\/li>\n\n\n\n
                                                                    • \u2018Chakshu\u2019 Facility<\/strong>: Enables reporting of fraud calls, SMS, or WhatsApp messages.<\/li>\n<\/ul>\n\n\n\n

                                                                      Australia and England to Play Historic 150th Anniversary Test at MCG<\/h1>\n\n\n\n

                                                                      Test cricket is about to celebrate a significant milestone as Australia and England gear up for a one-off day-night Test match, commemorating the 150th anniversary of the very first Test match. Cricket Australia (CA) has confirmed that this landmark pink-ball Test will be held at the renowned Melbourne Cricket Ground (MCG) from March 11 to March 15, 2027.<\/p>\n\n\n\n

                                                                      This much-anticipated event not only celebrates the rich history of Test cricket but also signifies its evolution into the modern era<\/strong> with the inclusion of a day-night format<\/strong>. The encounter is expected to draw global attention<\/strong>, uniting cricket fans worldwide in honoring the legacy of the longest format of the game.<\/p>\n\n\n\n

                                                                      The Significance of the 150th Anniversary Test<\/h3>\n\n\n\n

                                                                      A Tribute to the First-Ever Test Match<\/strong><\/p>\n\n\n\n

                                                                      The very first official Test match happened at the MCG back in March 1877, where Australia and England faced off in a game that laid the groundwork for international cricket. The 150th Anniversary Test is a heartfelt nod to that groundbreaking match, highlighting the long-standing rivalry and friendship between these two cricketing giants.<\/p>\n\n\n\n

                                                                      A Rare and Historic Occasion<\/strong><\/p>\n\n\n\n

                                                                      This upcoming match will be a historic moment, as it will be the first time the Australian men\u2019s team plays a pink-ball Test at the MCG. Earlier in 2024, the Australian women\u2019s team made waves by being the first to play a day-night Test at this iconic venue against England during the Women\u2019s Ashes series.<\/p>\n\n\n\n

                                                                      The MCG is steeped in Ashes history, having previously hosted the Centenary Test in 1977\u2014exactly a century after the very first Test match. That unforgettable game saw Australia triumph by 45 runs, echoing the outcome of the inaugural Test.<\/p>\n\n\n\n

                                                                      The Legacy of Centenary Test Matches<\/h3>\n\n\n\n

                                                                      1977: The First Centenary Test at MCG<\/strong><\/p>\n\n\n\n

                                                                      The first Centenary Test<\/strong> in 1977 remains one of the most celebrated games in cricket history. Some of its most iconic moments<\/strong> include:<\/p>\n\n\n\n

                                                                        \n
                                                                      • David Hookes smashing five consecutive boundaries off Tony Greig<\/strong><\/li>\n\n\n\n
                                                                      • Rick McCosker batting bravely with a broken jaw<\/strong><\/li>\n\n\n\n
                                                                      • Derek Randall\u2019s brilliant century for England<\/strong><\/li>\n<\/ul>\n\n\n\n

                                                                        1980: The Second Centenary Test at Lord\u2019s<\/strong><\/p>\n\n\n\n

                                                                        Three years later, Australia and England played a second Centenary Test<\/strong> at Lord\u2019s Cricket Ground<\/strong> to mark 100 years since the first Test in England (1880)<\/strong>. These centennial matches reflect cricket\u2019s commitment to honoring its past while embracing the future<\/strong>.<\/p>\n\n\n\n

                                                                        Government Initiatives to Enhance Credit Access and Finance for MSMEs<\/h1>\n\n\n\n

                                                                        Micro, Small, and Medium Enterprises (MSMEs) are crucial to the Indian economy, significantly impacting employment and GDP. To ensure their growth and financial well-being, the Government of India, along with the Reserve Bank of India (RBI), has introduced several measures to improve credit access and ease financing for MSMEs. These initiatives focus on refining lending processes, lowering collateral requirements, and utilizing technology to facilitate smooth credit distribution.<\/p>\n\n\n\n

                                                                        Key Measures to Increase Credit Access for MSMEs<\/h3>\n\n\n\n

                                                                        Timely Credit Decisions for MSMEs<\/strong><\/p>\n\n\n\n

                                                                        When it comes to loans of up to \u20b925 lakh, banks are required to give credit decisions within 14 working days. Additionally, they need to provide MSME borrowers with a helpful checklist of the documents they’ll need right when they apply.<\/p>\n\n\n\n

                                                                        Priority Sector Lending (PSL) Targets<\/strong><\/p>\n\n\n\n

                                                                          \n
                                                                        • Specific lending targets for MSMEs were prescribed in Priority Sector Lending (PSL) guidelines (dated 4.9.2020).<\/li>\n<\/ul>\n\n\n\n

                                                                          Collateral-Free Loans for Small Enterprises<\/strong><\/p>\n\n\n\n

                                                                            \n
                                                                          • No collateral security is required for loans up to \u20b910 lakh for Micro and Small Enterprises (MSEs).<\/li>\n<\/ul>\n\n\n\n

                                                                            Working Capital Computation for MSMEs<\/strong><\/p>\n\n\n\n

                                                                              \n
                                                                            • Banks must calculate working capital requirements for MSE units as at least 20% of the projected annual turnover for borrowal limits up to \u20b95 crore.<\/li>\n<\/ul>\n\n\n\n

                                                                              Trade Receivables Discounting System (TReDS)<\/strong><\/p>\n\n\n\n

                                                                                \n
                                                                              • Helps MSMEs get early payments and addresses the issue of delayed payments from buyers.<\/li>\n<\/ul>\n\n\n\n

                                                                                External Benchmark for MSME Loan Interest Rates<\/p>\n\n\n\n

                                                                                  \n
                                                                                • Banks must link MSME loan interest rates to an external benchmark for transparency and fair pricing.<\/li>\n<\/ul>\n\n\n\n

                                                                                  RBI\u2019s Account Aggregator (AA) Framework<\/p>\n\n\n\n

                                                                                    \n
                                                                                  • Facilitates data-driven lending by enabling lenders to access financial data of MSMEs digitally.<\/li>\n<\/ul>\n\n\n\n

                                                                                    Regulatory Sandbox (RS) for MSME Lending<\/p>\n\n\n\n

                                                                                      \n
                                                                                    • Supports technological innovation in lending through the use of AI and data analytics.<\/li>\n<\/ul>\n\n\n\n

                                                                                      Unified Lending Interface (ULI)<\/p>\n\n\n\n

                                                                                        \n
                                                                                      • RBI\u2019s ULI initiative improves access to credit for underserved populations.<\/li>\n<\/ul>\n\n\n\n

                                                                                        GST Sahay App<\/p>\n\n\n\n

                                                                                          \n
                                                                                        • Developed by SIDBI, this app provides \u2018on-tap\u2019 invoice-based credit to micro enterprises without paperwork.<\/li>\n<\/ul>\n\n\n\n

                                                                                          Udyam Assist Platform (UAP)<\/p>\n\n\n\n

                                                                                            \n
                                                                                          • Helps register Informal Micro Enterprises (IMEs) that are not under GST to provide them access to credit and benefits.<\/li>\n<\/ul>\n\n\n\n

                                                                                            Pradhan Mantri Mudra Yojana (PMMY)<\/h3>\n\n\n\n

                                                                                            Includes various initiatives like,<\/p>\n\n\n\n

                                                                                              \n
                                                                                            • Publicity campaigns<\/li>\n\n\n\n
                                                                                            • Simplification of application forms<\/li>\n\n\n\n
                                                                                            • Credit Guarantee Scheme<\/li>\n\n\n\n
                                                                                            • Monitoring of loan disbursements<\/li>\n<\/ul>\n\n\n\n

                                                                                              Digital Loan Platforms for MSMEs<\/p>\n\n\n\n

                                                                                                \n
                                                                                              • JanSamarth Portal: Digital evaluation-based loan approvals.
                                                                                                PSB Loans in 59 Minutes: Quick MSME loan approvals from multiple lenders.<\/li>\n<\/ul>\n\n\n\n

                                                                                                SAMADHAAN Portal<\/p>\n\n\n\n

                                                                                                  \n
                                                                                                • Monitors pending payments to MSMEs from buyers of goods and services.<\/li>\n<\/ul>\n\n\n\n

                                                                                                  Credit Guarantee Schemes<\/p>\n\n\n\n

                                                                                                    \n
                                                                                                  • Government has introduced various credit guarantee schemes to support MSMEs financially.<\/li>\n<\/ul>\n\n\n\n

                                                                                                    New Credit Assessment Model<\/p>\n\n\n\n

                                                                                                      \n
                                                                                                    • Developed by Public Sector Banks (PSBs), it uses digital footprints to assess MSMEs\u2019 financial status and determine credit limits.<\/li>\n<\/ul>\n\n\n\n

                                                                                                      IIFA Awards 2025: List of Winners<\/h1>\n\n\n\n

                                                                                                      The International Indian Film Academy Awards (IIFA) 2025 was nothing short of spectacular, celebrating a remarkable 25 years of recognizing the best in Bollywood. Hosted in the beautiful city of Jaipur, Rajasthan, the event was a star-studded affair, with the biggest names in Indian cinema in attendance. Over two exciting days, March 8 and 9, 2025, the audience enjoyed stunning performances and unforgettable moments, all leading up to the announcement of the most prestigious awards in the industry.<\/p>\n\n\n\n

                                                                                                      The night\u2019s biggest winner was Kiran Rao\u2019s \u201cLaapataa Ladies,\u201d which dominated the evening by winning 10 awards, making it the most celebrated film of the night. Other notable winners included Kartik Aaryan, who took home the Best Actor award, and the thrilling action film \u201cKill,\u201d which also garnered multiple accolades. Let\u2019s take a closer look at the complete list of winners and the standout moments from this year\u2019s IIFA Awards.<\/p>\n\n\n\n

                                                                                                      IIFA 2025 Full List of Winners<\/h3>\n\n\n\n

                                                                                                      Best Film Categories<\/strong><\/p>\n\n\n\n

                                                                                                        \n
                                                                                                      1. Best Picture:<\/strong>\u00a0Laapataa Ladies<\/li>\n\n\n\n
                                                                                                      2. Best Direction:<\/strong>\u00a0Kiran Rao (Laapataa Ladies)<\/li>\n\n\n\n
                                                                                                      3. Best Story (Original) In The Popular Category:<\/strong>\u00a0Biplab Goswami (Laapataa Ladies)<\/li>\n\n\n\n
                                                                                                      4. Best Story (Adapted):<\/strong>\u00a0Sriram Raghavan, Arijit Biswas, Pooja Ladha Surti, Anukriti Pandey (Merry Christmas)<\/li>\n\n\n\n
                                                                                                      5. Best Screenplay:<\/strong>\u00a0Sneha Desai (Laapataa Ladies)<\/li>\n\n\n\n
                                                                                                      6. Best Dialogue:<\/strong>\u00a0Arjun Dhawan, Aditya Dhar, Aditya Suhas Jambhale, Monal Thaakar (Article 370)<\/li>\n<\/ol>\n\n\n\n

                                                                                                        Acting Categories<\/strong><\/p>\n\n\n\n

                                                                                                          \n
                                                                                                        1. Best Performance in a Leading Role (Male):<\/strong>\u00a0Kartik Aaryan (Bhool Bhulaiyaa 3)<\/li>\n\n\n\n
                                                                                                        2. Best Performance in a Leading Role (Female):<\/strong>\u00a0Nitanshi Goel (Laapataa Ladies)<\/li>\n\n\n\n
                                                                                                        3. Best Performance in a Supporting Role (Female):<\/strong>\u00a0Janki Bodiwala (Shaitaan)<\/li>\n\n\n\n
                                                                                                        4. Best Performance in a Supporting Role (Male):<\/strong>\u00a0Ravi Kishan (Laapataa Ladies)<\/li>\n\n\n\n
                                                                                                        5. Best Performance in a Negative Role:<\/strong>\u00a0Raghav Juyal (Kill)<\/li>\n<\/ol>\n\n\n\n

                                                                                                          Debut Categories<\/strong><\/p>\n\n\n\n

                                                                                                            \n
                                                                                                          1. Best Directorial Debut:<\/strong>\u00a0Kunal Kemmu (Madgaon Express)<\/li>\n\n\n\n
                                                                                                          2. Best Debut (Male):<\/strong>\u00a0Lakshya Lalwani (Kill)<\/li>\n\n\n\n
                                                                                                          3. Best Debut (Female):<\/strong>\u00a0Pratibha Ranta (Laapataa Ladies)<\/li>\n<\/ol>\n\n\n\n

                                                                                                            Music and Technical Categories<\/strong><\/p>\n\n\n\n

                                                                                                              \n
                                                                                                            1. Best Music Director:<\/strong>\u00a0Ram Sampath (Laapataa Ladies)<\/li>\n\n\n\n
                                                                                                            2. Best Lyrics:<\/strong>\u00a0Prashant Pandey (Sajni from Laapataa Ladies)<\/li>\n\n\n\n
                                                                                                            3. Best Singer (Male):<\/strong>\u00a0Jubin Nautiyal (Dua from Article 370)<\/li>\n\n\n\n
                                                                                                            4. Best Singer (Female):<\/strong>\u00a0Shreya Ghoshal (Ami Je Tomar 3.0 from Bhool Bhulaiyaa 3)<\/li>\n\n\n\n
                                                                                                            5. Best Choreography:<\/strong>\u00a0Bosco-Caesar (Tauba Tauba from Bad Newz)<\/li>\n\n\n\n
                                                                                                            6. Best Sound Design:<\/strong>\u00a0Subash Sahoo, Boloy Kumar Doloi, Rahul Karpe (Kill)<\/li>\n\n\n\n
                                                                                                            7. Best Editing:<\/strong>\u00a0Jabeen Merchant (Laapataa Ladies)<\/li>\n\n\n\n
                                                                                                            8. Best Cinematography:<\/strong>\u00a0Rafey Mahmood (Kill)<\/li>\n\n\n\n
                                                                                                            9. Best Special Effects:<\/strong>\u00a0Red Chillies VFX (Bhool Bhulaiyaa 3)<\/li>\n<\/ol>\n\n\n\n

                                                                                                              Lifetime Achievement and Special Honors<\/strong><\/p>\n\n\n\n

                                                                                                                \n
                                                                                                              • Outstanding Achievement in Indian Cinema:<\/strong>\u00a0Rakesh Roshan<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                                                                                                                Current Affairs\u00a0is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0Daily Current Affairs 13 March 2025,\u00a0we have tried to cover each and every point and also included all important facts […]<\/p>\n","protected":false},"author":419,"featured_media":171079,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5364],"tags":[1475],"class_list":["post-171077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-march-2025","tag-daily-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/171077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=171077"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/171077\/revisions"}],"predecessor-version":[{"id":171080,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/171077\/revisions\/171080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/171079"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=171077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=171077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=171077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}