{"id":171244,"date":"2025-03-20T14:57:04","date_gmt":"2025-03-20T09:27:04","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=171244"},"modified":"2025-03-20T14:57:06","modified_gmt":"2025-03-20T09:27:06","slug":"current-affairs-20-march-2025-by-gkseries","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/current-affairs-20-march-2025-by-gkseries\/","title":{"rendered":"Current Affairs 20 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 20 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

India\u2019s First PPP Green Waste Processing Plant in Indore<\/h1>\n\n\n\n

Indore is about to achieve a significant milestone in sustainable waste management with the establishment of India\u2019s first green waste processing plant, made possible through a Public-Private Partnership (PPP) model. This project, part of the Swachh Bharat Mission-Urban, aims to convert green waste into valuable resources, enhancing environmental sustainability and reducing pollution. The facility will process green waste, generate revenue for the Indore Municipal Corporation (IMC), and offer an alternative to coal by producing wooden pellets. This plant represents a crucial advancement in innovation, circular economy, and eco-friendly waste management.<\/p>\n\n\n\n

Key Highlights of the Green Waste Processing Plant<\/h3>\n\n\n\n

1. Project Overview<\/strong><\/p>\n\n\n\n

    \n
  • Location:<\/strong>\u00a0Bicholi Hapsi, Indore<\/li>\n\n\n\n
  • Developed Under:<\/strong>\u00a0Swachh Bharat Mission-Urban<\/li>\n\n\n\n
  • Execution Model:<\/strong>\u00a0Public-Private Partnership (PPP)<\/li>\n\n\n\n
  • Land Area<\/strong>: 55,000 square feet<\/li>\n\n\n\n
  • Private Partner:<\/strong>\u00a0Astronomical Industries Private Limited<\/li>\n\n\n\n
  • Waste Processed:<\/strong>\u00a0Wood, branches, leaves, and flowers<\/li>\n<\/ul>\n\n\n\n

    2. Green Waste Processing and Revenue Model<\/strong><\/p>\n\n\n\n

    Indore produces about 30 tons of green waste every day, and that number jumps to around 60-70 tons in the autumn months.The Indore Municipal Corporation (IMC) makes Rs 3,000 for every tonne of wood and branches they supply. The facility will turn this wood waste into wooden pellets, providing a sustainable alternative to coal. Major institutions will send their green waste directly to the plant, all under a set fee arrangement.<\/p>\n\n\n\n

    3. Waste Transformation Process<\/strong><\/p>\n\n\n\n

      \n
    • Large tree branches are directed to City Forest\u2019s Green Waste Processing Plant.<\/li>\n\n\n\n
    • Green waste is dried for 3-4 months, reducing moisture content by 90%.<\/li>\n\n\n\n
    • Cutting-edge machines transform dried waste into fine sawdust.<\/li>\n\n\n\n
    • The sawdust is repurposed into multiple eco-friendly products.<\/li>\n<\/ul>\n\n\n\n

      4. Applications of Sawdust and Wooden Pellets<\/strong><\/p>\n\n\n\n

        \n
      • Eco-friendly fuel:<\/strong>\u00a0Cleaner alternative to traditional burning methods.<\/li>\n\n\n\n
      • Biodegradable packaging material:\u00a0Reduces plastic usage.<\/strong><\/li>\n\n\n\n
      • Furniture manufacturing:<\/strong>\u00a0Used as a composite material for chairs and tables.<\/li>\n\n\n\n
      • Fertilizers:<\/strong>\u00a0Enhances soil quality and crop production.<\/li>\n\n\n\n
      • Food industry:<\/strong>\u00a0Transformed into disposable, biodegradable plates.<\/li>\n<\/ul>\n\n\n\n

        5. Role of IMC and Private Firms<\/strong><\/p>\n\n\n\n

        IMC\u2019s Responsibilities<\/strong><\/p>\n\n\n\n

          \n
        • Provides land and transports green waste to the plant.<\/li>\n<\/ul>\n\n\n\n

          Private Firm\u2019s Responsibilities<\/strong><\/p>\n\n\n\n

            \n
          • Sets up sheds, electricity, and water facilities.<\/li>\n\n\n\n
          • Oversees complete installation and operation of the plant.<\/li>\n<\/ul>\n\n\n\n

            6. Additional Waste Processing Facilities<\/strong><\/p>\n\n\n\n

            Meghdoot and Sub-Grade Plants<\/strong><\/p>\n\n\n\n

              \n
            • Located in Sirpur, covering 10,000-15,000 square feet.<\/li>\n\n\n\n
            • Process garden waste like leaves and twigs from IMC.<\/li>\n<\/ul>\n\n\n\n

              Composting Pits in Municipal Gardens<\/strong><\/p>\n\n\n\n

                \n
              • Used for converting green waste into compost.<\/li>\n<\/ul>\n\n\n\n

                7. Environmental and Economic Benefits<\/strong><\/p>\n\n\n\n

                  \n
                • Air Quality Improvement:<\/strong>\u00a0Reduces pollution and controls Air Quality Index (AQI).<\/li>\n\n\n\n
                • Revenue Generation:<\/strong>\u00a0IMC earns revenue from waste processing.<\/li>\n\n\n\n
                • Sustainable Energy Source:<\/strong>\u00a0Wooden pellets serve as an alternative to coal in industries like NTPC.<\/li>\n\n\n\n
                • Pollution Control:<\/strong>\u00a0Helps curb waste burning and promotes cleanliness.<\/li>\n\n\n\n
                • Circular Economy Promotion<\/strong>: Ensures effective waste utilization for environmental sustainability.<\/li>\n<\/ul>\n\n\n\n

                  Delhi Police Launches \u2018Shishtachar\u2019 Squad to Combat Eve-Teasing<\/h1>\n\n\n\n

                  To improve women’s safety in public spaces, the Delhi Police has initiated \u2018Shishtachar\u2019 squads in every district. These anti-eve-teasing teams are committed to fighting harassment through active patrolling, surprise checks, and community engagement. Guided by senior officials, this initiative focuses on prevention, intervention, and helping victims, all aimed at ensuring a safer environment for women in the capital.<\/p>\n\n\n\n

                  Key Features of \u2018Shishtachar\u2019 Squad<\/h3>\n\n\n\n

                  1. Formation & Supervision<\/strong><\/p>\n\n\n\n

                    \n
                  • Each district will have at least two squads.<\/li>\n\n\n\n
                  • Supervised by the ACP of the Crime Against Women (CAW) cell in the respective district.<\/li>\n<\/ul>\n\n\n\n

                    2. Squad Composition<\/strong><\/p>\n\n\n\n

                      \n
                    • 1 Inspector & 1 Sub-Inspector.<\/li>\n\n\n\n
                    • 4 Female officers & 5 Male officers.<\/li>\n\n\n\n
                    • 1 Technical personnel from the anti-auto theft squad for surveillance support.<\/li>\n<\/ul>\n\n\n\n

                      3. Operations & Patrolling<\/strong><\/p>\n\n\n\n

                        \n
                      • Each squad will be equipped with one four-wheeler and multiple two-wheelers for mobility.<\/li>\n\n\n\n
                      • Daily patrols at high-risk locations, with at least two targeted operations per day.<\/li>\n\n\n\n
                      • Plain-clothed female officers will be deployed to monitor and identify offenders.<\/li>\n\n\n\n
                      • Surprise inspections in public transport, in coordination with Delhi Transport Corporation (DTC) staff and passengers, to encourage incident reporting.<\/li>\n<\/ul>\n\n\n\n

                        4. Identification of Vulnerable Areas<\/strong><\/p>\n\n\n\n

                          \n
                        • District DCPs will identify and compile a list of hotspots where women\u2019s safety is a concern.<\/li>\n\n\n\n
                        • This list will be shared with the Special Police Unit for Women and Children (SPUWAC) for further action.<\/li>\n<\/ul>\n\n\n\n

                          5. Comparison with Uttar Pradesh\u2019s \u2018Anti-Romeo Squad\u2019<\/strong><\/p>\n\n\n\n

                          The BJP promised to launch an \u2018Anti-Romeo Squad\u2019 in Delhi, similar to the one in Uttar Pradesh. Both initiatives are designed to prevent harassment, but the \u2018Shishtachar\u2019 squad takes a more comprehensive route, incorporating prevention, intervention, and support for victims.<\/p>\n\n\n\n

                          RBI and Bank of Mauritius Sign MoU to Promote Trade in Local Currencies<\/h1>\n\n\n\n

                          In a significant effort to enhance trade and financial cooperation, the Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed a Memorandum of Understanding (MoU). This agreement will allow the use of the Indian Rupee (INR) and the Mauritian Rupee (MUR) for cross-border transactions. By letting exporters and importers settle their transactions in their own currencies, it aims to reduce costs and improve efficiency. This initiative is expected to fortify the economic and financial connections between India and Mauritius.<\/p>\n\n\n\n

                          Key Highlights of the MoU<\/h3>\n\n\n\n

                          1. Signing of the Agreement<\/strong><\/p>\n\n\n\n

                          \u2022 The Memorandum of Understanding was signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G.C.S.K.<\/p>\n\n\n\n

                          \u2022 The exchange of documents took place on March 12, 2025, in Port Louis, Mauritius, with Indian Prime Minister Narendra Modi and Mauritian Prime Minister Navinchandra Ramgoolam in attendance.<\/p>\n\n\n\n

                          2. Objectives of the MoU<\/strong><\/p>\n\n\n\n

                            \n
                          • Promote the use of INR and MUR in bilateral trade.<\/li>\n\n\n\n
                          • Facilitate cross-border transactions by allowing payments in local currencies.<\/li>\n\n\n\n
                          • Reduce dependence on third-party currencies, such as the US Dollar.<\/li>\n<\/ul>\n\n\n\n

                            3. Scope of Transactions<\/strong><\/p>\n\n\n\n

                              \n
                            • Covers all current account transactions.<\/li>\n\n\n\n
                            • Includes permissible capital account transactions agreed upon by both countries.<\/li>\n<\/ul>\n\n\n\n

                              4. Expected Benefits<\/strong><\/p>\n\n\n\n

                                \n
                              • Optimized costs and faster settlement time for cross-border trade.<\/li>\n\n\n\n
                              • Development of an INR-MUR market, boosting currency liquidity.<\/li>\n\n\n\n
                              • Strengthened financial integration between India and Mauritius.<\/li>\n\n\n\n
                              • Enhanced trade relations, leveraging historical and cultural ties.<\/li>\n<\/ul>\n\n\n\n

                                5. Strategic Importance<\/strong><\/p>\n\n\n\n

                                  \n
                                • This initiative deepens economic cooperation between the two nations.<\/li>\n\n\n\n
                                • Supports India\u2019s broader vision of internationalizing the Rupee.<\/li>\n\n\n\n
                                • Aligns with regional financial integration efforts in the Indian Ocean region.<\/li>\n<\/ul>\n\n\n\n

                                  Indian Long-Distance Runner Archana Jadhav Banned for Four Years Over Doping Violation<\/h1>\n\n\n\n

                                  Indian long-distance runner Archana Jadhav has received a four-year ban from the World Athletics\u2019 Athletes Integrity Unit (AIU) after testing positive for a prohibited substance, Oxandrolone. This decision, effective from January 7, 2025, comes after she did not challenge the doping charges, even after several reminders.<\/p>\n\n\n\n

                                  Doping Violation and AIU Investigation<\/h3>\n\n\n\n

                                  Positive Test Result at Pune Half-Marathon<\/p>\n\n\n\n

                                  Archana Jadhav\u2019s sample was taken during the Pune Half-Marathon in December 2024, and it later came back positive for Oxandrolone. This substance is a synthetic anabolic steroid often used to boost muscle growth and enhance protein production.<\/p>\n\n\n\n

                                  As a result of the test findings, she faced a provisional suspension starting January 7, 2025. Even after multiple notifications, she chose not to challenge the results, which the AIU interpreted as an admission of guilt.<\/p>\n\n\n\n

                                  Lack of Response to AIU and AFI Notices<\/p>\n\n\n\n

                                    \n
                                  • On\u00a0February 25, 2025, Jadhav responded to the AIU\u2019s violation charge with an email stating:
                                    \u201cI am extremely sorry sir\u2026 I welcome your decision.\u201d<\/li>\n\n\n\n
                                  • AIU took this as an indication that she\u00a0did not wish to challenge the findings\u00a0or request a formal hearing.<\/li>\n\n\n\n
                                  • She was\u00a0given until March 3, 2025, to confirm whether she admitted to the Anti-Doping Rule Violation, but she did\u00a0not respond further.<\/li>\n<\/ul>\n\n\n\n

                                    Consequences of the Ban<\/h3>\n\n\n\n

                                    Disqualification and Loss of Achievements<\/p>\n\n\n\n

                                      \n
                                    • The four-year\u00a0ban starts from January 7, 2025.<\/li>\n\n\n\n
                                    • All her results since\u00a0December 15, 2024, have been\u00a0disqualified.<\/li>\n\n\n\n
                                    • She must\u00a0forfeit all medals, awards, points, prizes, and appearance money\u00a0earned during the disqualified period.<\/li>\n<\/ul>\n\n\n\n

                                      Failure to Exercise Right to \u2018B\u2019 Sample Test<\/p>\n\n\n\n

                                        \n
                                      • Initially, Jadhav expressed a desire to test her\u00a0\u2018B\u2019 sample\u00a0but\u00a0failed to follow through.<\/li>\n\n\n\n
                                      • She missed the\u00a0January 17 deadline\u00a0to confirm and pay the necessary fee.<\/li>\n\n\n\n
                                      • AIU\u00a0extended the deadline\u00a0to\u00a0January 24, but she\u00a0failed to respond.<\/li>\n<\/ul>\n\n\n\n

                                        Krishnamachari Srikkanth Named Goodwill Ambassador of VISION 2020 India to Combat Avoidable Blindness<\/h1>\n\n\n\n

                                        Former Indian cricket captain and iconic batsman Krishnamachari Srikkanth has been appointed as the Goodwill Ambassador for VISION 2020 India, a mission dedicated to eliminating avoidable blindness in the country. This exciting news was shared during a special event at Sankara Nethralaya in Chennai, which plays a crucial role in the Vision 2020: The Right to Sight-India program.<\/p>\n\n\n\n

                                        The initiative aims to raise awareness, deliver medical assistance, and ensure that eye care services are accessible to individuals suffering from preventable blindness and visual impairment.<\/p>\n\n\n\n

                                        The Growing Concern of Blindness in India<\/h3>\n\n\n\n

                                        Magnitude of the Problem<\/strong><\/p>\n\n\n\n

                                        Blindness is a pressing public health issue in India, impacting millions across different age groups. According to a recent press release, here are some key figures:<\/p>\n\n\n\n

                                        \u2022 India has approximately 4.8 million blind individuals, making it one of the highest rates in the world.<\/p>\n\n\n\n

                                        \u2022 More than 70 million people are affected by some form of visual impairment.<\/p>\n\n\n\n

                                        \u2022 Surprisingly, over 80% of these cases can be prevented or treated with early diagnosis and timely medical intervention.<\/p>\n\n\n\n

                                        Causes of Avoidable Blindness<\/strong><\/p>\n\n\n\n

                                        The major causes of avoidable blindness<\/strong> in India include:<\/p>\n\n\n\n

                                          \n
                                        • Cataracts<\/strong>\u00a0\u2013 The leading cause of blindness, especially among the elderly.<\/li>\n\n\n\n
                                        • Uncorrected refractive errors<\/strong>\u00a0\u2013 Affecting millions who lack access to proper vision correction.<\/li>\n\n\n\n
                                        • Glaucoma<\/strong>\u00a0\u2013 Often undiagnosed until it causes irreversible damage.<\/li>\n\n\n\n
                                        • Diabetic Retinopathy<\/strong>\u00a0\u2013 A rising concern due to the increasing prevalence of diabetes.<\/li>\n\n\n\n
                                        • Vitamin A deficiency<\/strong>\u00a0\u2013 Leading to childhood blindness.<\/li>\n<\/ul>\n\n\n\n

                                          This alarming situation necessitates urgent interventions<\/strong> in the form of preventive eye care, corrective treatments, and widespread awareness campaigns<\/strong>.<\/p>\n\n\n\n

                                          Krishnamachari Srikkanth\u2019s Role as Goodwill Ambassador<\/h3>\n\n\n\n

                                          Advocacy and Awareness Campaigns<\/strong><\/p>\n\n\n\n

                                          As the Goodwill Ambassador<\/strong>, Srikkanth will:<\/p>\n\n\n\n

                                            \n
                                          • Raise awareness<\/strong>\u00a0about avoidable blindness through\u00a0media engagements, public events, and digital platforms<\/strong>.<\/li>\n\n\n\n
                                          • Encourage early eye check-ups<\/strong>\u00a0to prevent vision loss.<\/li>\n\n\n\n
                                          • Support free eye care programs<\/strong>\u00a0for underserved communities.<\/li>\n\n\n\n
                                          • Promote education on eye health<\/strong>, especially among children and senior citizens.<\/li>\n<\/ul>\n\n\n\n

                                            His active participation is expected to motivate individuals, healthcare providers, and policymakers<\/strong> to prioritize eye health.<\/p>\n\n\n\n

                                            \u2018Watan Ko Jano\u2019 Programme: Promoting National Integration Among Kashmiri Youth<\/h1>\n\n\n\n

                                            The \u2018Watan Ko Jano\u2019 program, put together by the Government of Jammu and Kashmir with support from the Ministry of Home Affairs, Government of India, is all about bringing kids under 18 from government-run homes closer to the rich culture, history, and technological progress found in other parts of the country. This initiative has really made a difference in promoting unity among young people in India, helping to build a more inclusive and harmonious society.<\/p>\n\n\n\n

                                            Introduction to \u2018Watan Ko Jano\u2019 Programme<\/h3>\n\n\n\n

                                            The \u2018Watan Ko Jano\u2019 initiative is a wonderful program aimed at giving underprivileged children from government-run homes in Jammu and Kashmir a chance to explore the rich cultural, historical, and technological diversity of India. Through various educational and cultural tours, this initiative strives to instill a sense of belonging, patriotism, and national pride in the youth.<\/p>\n\n\n\n

                                            Objectives of the Programme<\/strong><\/p>\n\n\n\n

                                              \n
                                            1. Fostering National Integration<\/strong>\u00a0\u2013 Encouraging Kashmiri youth to understand and appreciate India\u2019s cultural diversity.<\/li>\n\n\n\n
                                            2. Educational Exposure<\/strong>\u00a0\u2013 Providing opportunities to visit\u00a0historical landmarks, educational institutions, and industries<\/strong>.<\/li>\n\n\n\n
                                            3. Technological Awareness<\/strong>\u00a0\u2013 Familiarizing students with the latest advancements in\u00a0science, technology, and innovation<\/strong>.<\/li>\n\n\n\n
                                            4. Personality Development<\/strong>\u00a0\u2013 Enhancing communication skills, leadership qualities, and confidence through interactive experiences.<\/li>\n\n\n\n
                                            5. Promoting Harmony<\/strong>\u00a0\u2013 Strengthening the spirit of\u00a0unity and brotherhood<\/strong>\u00a0across different regions of the country.<\/li>\n<\/ol>\n\n\n\n

                                              US Overtakes UAE as India\u2019s Largest Source of Remittances, Says RBI Survey<\/h1>\n\n\n\n

                                              The Reserve Bank of India (RBI) has released the findings from the sixth round of India\u2019s Remittances Survey for 2023-24, and it points to a significant change in migration trends. More skilled professionals are heading abroad, resulting in a rise in remittances from advanced economies that now outstrip those coming from Gulf countries.<\/p>\n\n\n\n

                                              Introduction to India\u2019s Changing Remittance Trends<\/h3>\n\n\n\n

                                              According to the latest RBI survey, there\u2019s been a notable change in the remittance landscape of India. Historically, a big share of remittances flowed in from the Gulf Cooperation Council (GCC) countries, where Indian workers, mostly in blue-collar jobs, were the main contributors. But now, the survey indicates that remittances from advanced economies like the United States, the United Kingdom, Canada, and Australia have actually surpassed those from the Gulf.<\/p>\n\n\n\n

                                              Key Findings of the RBI Remittances Survey (2023-24)<\/p>\n\n\n\n

                                              1. Leading Source Countries for Remittances<\/strong><\/p>\n\n\n\n

                                              The United States has taken the lead as the biggest source of remittances, making up 27.7% of the total inflows to India for the 2023-24 period. The United Arab Emirates, which used to be the top contributor, has now slipped to second place with a 19.2% share. Other significant players in the remittance game include the UK, Singapore, Canada, and Australia, which together represent over half of the total remittances. Meanwhile, the Gulf Cooperation Council countries\u2014UAE, Saudi Arabia, Kuwait, Qatar, Oman, and Bahrain\u2014now account for 37.9% of remittances, a decrease from 46.7% back in 2016-17.<\/p>\n\n\n\n

                                              2. Shift in Migration Patterns: Blue-Collar vs. White-Collar Jobs<\/strong><\/p>\n\n\n\n

                                                \n
                                              • The UAE continues to be the top destination for Indian migrant workers, especially in fields like construction, healthcare, hospitality, and tourism.<\/li>\n\n\n\n
                                              • On the other hand, the US draws in a lot of highly skilled Indian professionals, with a whopping 78% working in lucrative jobs across management, business, science, and the arts.<\/li>\n\n\n\n
                                              • This is why we see remittances from the US surpassing those from the UAE, even though the Indian migrant community is smaller there.<\/li>\n<\/ul>\n\n\n\n

                                                3. State-Wise Remittance Distribution<\/strong><\/p>\n\n\n\n

                                                  \n
                                                • Maharashtra<\/strong>\u00a0has overtaken\u00a0Kerala<\/strong>\u00a0as the\u00a0top recipient of remittances<\/strong>, with\u00a020.5% of the total share in 2023-24<\/strong>.<\/li>\n\n\n\n
                                                • Kerala<\/strong>, which held the top position in 2016-17 (19% share<\/strong>), is now in second place.<\/li>\n\n\n\n
                                                • Tamil Nadu<\/strong>\u00a0has also increased its share from\u00a08% (2016-17) to 10.4% (2023-24)<\/strong>.<\/li>\n<\/ul>\n\n\n\n

                                                  4. India\u2019s Global Share in Remittances<\/strong><\/p>\n\n\n\n

                                                    \n
                                                  • According to\u00a0World Bank data<\/strong>,\u00a0India\u2019s share in global remittances<\/strong>\u00a0has risen from\u00a011% in 2001 to 14% in 2024<\/strong>.<\/li>\n\n\n\n
                                                  • Remittance inflows are projected to\u00a0increase to around $160 billion by 2029<\/strong>.<\/li>\n\n\n\n
                                                  • Other major recipients of remittances include\u00a0Mexico, China, the Philippines, France, Pakistan, and Bangladesh<\/strong>.<\/li>\n<\/ul>\n\n\n\n

                                                    5. Role of Digitalization in Remittance Transfers<\/strong><\/p>\n\n\n\n

                                                      \n
                                                    • The cost of sending remittances to India has\u00a0declined<\/strong>, thanks to advancements in\u00a0digital payment methods<\/strong>.<\/li>\n\n\n\n
                                                    • 73.5% of total remittances received in India in 2023-24<\/strong>\u00a0were through\u00a0digital channels<\/strong>, including fintech platforms and money transfer operators.<\/li>\n<\/ul>\n\n\n\n

                                                      RBI\u2019s Net Short Position in Forward Market Swells to $77.5 Billion<\/h1>\n\n\n\n

                                                      The Reserve Bank of India (RBI) has reported a significant increase in its net short position in the forward book, which surged to $77.5 billion by the end of January 2025, up from $67.9 billion in December 2024. This growth reflects the bank’s interventions in the forex market due to the depreciation of the rupee and the uncertainties in global trade. The details were released in the RBI\u2019s March 2025 monthly bulletin.<\/p>\n\n\n\n

                                                      RBI\u2019s Net Short Position in Forward Market: An Overview<\/h3>\n\n\n\n

                                                      The RBI plays a crucial role in the foreign exchange market, impacting the stability of the rupee, liquidity conditions, and the overall forex reserves. When we talk about a net short position, it means the central bank is set to sell more foreign currency than it has bought in the forward market.<\/p>\n\n\n\n

                                                      \u2022 In January 2025, the net short position stood at $77.5 billion, an increase from $67.9 billion in December 2024.<\/p>\n\n\n\n

                                                      \u2022 For January 2024, there was a net forward purchase of $9.974 billion.<\/p>\n\n\n\n

                                                      \u2022 In terms of spot market intervention, there was a net sale of $11.1 billion in January 2025, following a net sale of $15.1 billion in December 2024.<\/p>\n\n\n\n

                                                      Total Forex Transactions in January 2025:<\/strong><\/p>\n\n\n\n

                                                        \n
                                                      1. Purchases:<\/strong>\u00a0$49.1 billion<\/li>\n\n\n\n
                                                      2. Sales:<\/strong>\u00a0$60.2 billion<\/li>\n<\/ol>\n\n\n\n

                                                        This reflects heightened forex activity<\/strong> due to global economic fluctuations and India\u2019s trade balance adjustments.<\/p>\n\n\n\n

                                                        Reasons Behind the Increasing Net Short Position<\/p>\n\n\n\n

                                                        Several factors contributed to RBI\u2019s decision to increase its net short position in the forward market:<\/p>\n\n\n\n

                                                        1. Depreciation of the Rupee<\/strong><\/p>\n\n\n\n

                                                        \u2022 In January 2025, the rupee took a hit, dropping by 1.16%, which led the RBI to step in and help stabilize its value.<\/p>\n\n\n\n

                                                        \u2022 Traders observed that the rupee’s decline ahead of the US political transition on January 20 had a noticeable effect on the forex market dynamics.<\/p>\n\n\n\n

                                                        2. Foreign Equity Outflows<\/strong><\/p>\n\n\n\n

                                                          \n
                                                        • There were\u00a0large outflows from the Indian equity market<\/strong>\u00a0in January 2025, particularly in the first half.<\/li>\n\n\n\n
                                                        • This led the RBI to\u00a0intervene in the forex market<\/strong>\u00a0to manage currency volatility.<\/li>\n<\/ul>\n\n\n\n

                                                          3. Impact of US Economic Policies<\/strong><\/p>\n\n\n\n

                                                            \n
                                                          • As of\u00a0March 17, 2025<\/strong>, the\u00a0US dollar lost all gains made since mid-November 2024<\/strong>\u00a0due to uncertainties in\u00a0US trade policies and economic growth<\/strong>.<\/li>\n\n\n\n
                                                          • This resulted in fluctuations in the\u00a0USD-INR exchange rate<\/strong>, impacting India\u2019s forex reserves.<\/li>\n<\/ul>\n\n\n\n

                                                            4. Real Effective Exchange Rate (REER) Moderation<\/strong><\/p>\n\n\n\n

                                                              \n
                                                            • India\u2019s\u00a0REER<\/strong>\u00a0(which indicates currency valuation against a basket of global currencies) declined:<\/li>\n<\/ul>\n\n\n\n
                                                                \n
                                                              1. February 2025:<\/strong>\u00a0102.37 (down from 104.84 in January 2025)<\/li>\n\n\n\n
                                                              2. November 2024 Peak:<\/strong>\u00a0108.14, before moderating to 107.20 in December 2024.<\/li>\n<\/ol>\n\n\n\n
                                                                  \n
                                                                • A\u00a0fall in REER<\/strong>\u00a0suggests that the rupee has become relatively\u00a0undervalued<\/strong>, impacting trade competitiveness.<\/li>\n<\/ul>\n\n\n\n

                                                                  BCCI Honors Team India with \u20b958 Crore After ICC Champions Trophy Win<\/h1>\n\n\n\n

                                                                  The Board of Control for Cricket in India (BCCI) has announced an impressive cash reward of INR 58 crore for Team India after their incredible win in the ICC Champions Trophy 2025. This reward is a way to honor the dedication of the players, coaching staff, support crew, and the Men\u2019s Selection Committee. Under the guidance of Captain Rohit Sharma, India dominated the tournament, racking up significant wins against Bangladesh, Pakistan, New Zealand, and Australia before triumphing in the final against New Zealand.<\/p>\n\n\n\n

                                                                  Key Highlights<\/p>\n\n\n\n

                                                                    \n
                                                                  • Total Cash Prize:<\/strong>\u00a0INR 58 crore for players, coaching staff, support staff, and selectors.<\/li>\n<\/ul>\n\n\n\n

                                                                    Tournament Performance<\/strong><\/p>\n\n\n\n

                                                                      \n
                                                                    • Defeated Bangladesh by six wickets in the opening match.<\/li>\n\n\n\n
                                                                    • Secured a six-wicket win against Pakistan.<\/li>\n\n\n\n
                                                                    • Achieved a 44-run victory over New Zealand.<\/li>\n\n\n\n
                                                                    • Overcame Australia by four wickets in the semi-final.<\/li>\n\n\n\n
                                                                    • Final Victory:<\/strong>\u00a0India defeated New Zealand in a thrilling contest.<\/li>\n<\/ul>\n\n\n\n

                                                                      Significance of the Victory<\/strong><\/p>\n\n\n\n

                                                                        \n
                                                                      • India won two ICC trophies in 2025, including the U19 Women\u2019s World Cup.<\/li>\n\n\n\n
                                                                      • The triumph reinforced India\u2019s top ranking in white-ball cricket.<\/li>\n\n\n\n
                                                                      • Players showcased mental resilience, skill, and strategic excellence.<\/li>\n<\/ul>\n\n\n\n

                                                                        Statements from BCCI Officials<\/strong><\/p>\n\n\n\n

                                                                          \n
                                                                        • Roger Binny (President):<\/strong>\u00a0Recognized the team\u2019s dedication and excellence on the global stage.<\/li>\n\n\n\n
                                                                        • Devajit Saikia (Honorary Secretary):<\/strong>\u00a0Highlighted India\u2019s dominance in world cricket and its strong cricketing ecosystem.<\/li>\n\n\n\n
                                                                        • Rajeev Shukla (Vice-President):<\/strong>\u00a0Praised the team\u2019s composure under pressure and inspirational performance.<\/li>\n\n\n\n
                                                                        • Prabhtej Bhatia (Treasurer):<\/strong>\u00a0Emphasized BCCI\u2019s commitment to Indian cricket\u2019s growth and world dominance.<\/li>\n\n\n\n
                                                                        • Rohan Gauns Dessai (Honorary Joint Secretary):<\/strong>\u00a0Expressed pride in India\u2019s resilient and consistent performance throughout the tournament.<\/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 20 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":171245,"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-171244","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\/171244","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=171244"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/171244\/revisions"}],"predecessor-version":[{"id":171246,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/171244\/revisions\/171246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/171245"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=171244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=171244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=171244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}