Current Affairs | January 2025
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, Current Affairs | January 2025
Contents
National News ........................................................................................................................................................................... 3
GOVT SCHEMES ...................................................................................................................................................................... 33
APPS & WEB PORTAL ........................................................................................................................................................... 39
INTERNATIONAL AFFAIRS .................................................................................................................................................. 40
VISITS ........................................................................................................................................................................................ 43
BANKING & FINANCE ............................................................................................................................................................ 44
ECONOMY & BUSINESS ......................................................................................................................................................... 57
MoU’s & AGREEMENTS ......................................................................................................................................................... 61
APPOINTMENTS & RESIGNATIONS ...................................................................................................................................62
AWARDS ................................................................................................................................................................................... 64
SUMMITS, EVENTS & CONFERENCE...................................................................................................................................66
COMMITTEES & MEETINGS ................................................................................................................................................. 67
INDEX ........................................................................................................................................................................................ 70
DEFENCE................................................................................................................................................................................... 77
SCIENCE & TECHNOLOGY ..................................................................................................................................................... 79
SPORTS ..................................................................................................................................................................................... 81
BOOKS & AUTHORS ............................................................................................................................................................... 85
OBITUARY ................................................................................................................................................................................ 86
IMPORTANT DAYS .................................................................................................................................................................87
ENVIRONMENT ....................................................................................................................................................................... 89
Miscellaneous ......................................................................................................................................................................... 90
Static Takeaways ...................................................................................................................................................................91
January 2025 Months Questions with Answer .............................................................................................................. 93
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, Current Affairs | January 2025
National News
UNION BUDGET 2025-26
Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman presented Union Budget 2025-26 in the Parliament today.
The highlights of the budget are as follows:
Budget Estimates 2025-26
• The total receipts other than borrowings and the total expenditure are estimated at ₹ 34.96 lakh crore and ₹ 50.65 lakh crore
respectively.
• The net tax receipts are estimated at ₹ 28.37 lakh crore.
• The fiscal deficit is estimated to be 4.4 per cent of GDP.
• The gross market borrowings are estimated at ₹ 14.82 lakh crore.
• Capex Expenditure of ₹11.21 lakh crore (3.1% of GDP) earmarked in FY2025-26.
Agriculture as the 1st Engine of Development
• Prime Minister Dhan-Dhaanya Krishi Yojana – Developing Agri Districts Programme: The programme to be launched in
partnership with the states, covering 100 districts with low productivity, moderate crop intensity and below-average credit
parameters, to benefit 1.7 crore farmers.
• Building Rural Prosperity and Resilience: A comprehensive multi-sectoral programme to be launched in partnership with states
to address under-employment in agriculture through skilling, investment, technology, and invigorating the rural economy. Phase-
1 to cover 100 developing agri-districts.
• Aatmanirbharta in Pulses: Government to launch a 6-year “Mission for Aatmanirbharta in Pulses” with focus on Tur, Urad and
Masoor. NAFED and NCCF to procure these pulses from farmers during the next 4 years.
• Comprehensive Programme for Vegetables & Fruits: A comprehensive programme to promote production, efficient supplies,
processing, and remunerative prices for farmers to be launched in partnership with states.
• Makhana Board in Bihar: A Makhana Board to be established to improve production, processing, value addition, and marketing
of makhana.
• National Mission on High-Yielding Seeds: A National Mission on High Yielding Seeds to be launched aiming at strengthening the
research ecosystem, targeted development and propagation of seeds with high yield, and commercial availability of more than
100 seed varieties.
• Fisheries: Government to bring a framework for sustainable harnessing of fisheries from Indian Exclusive Economic Zone and High
Seas, with a special focus on the Andaman & Nicobar and Lakshadweep Islands.
• Mission for Cotton Productivity: A 5-year mission announced to facilitate significant improvements in productivity and
sustainability of cotton farming, and promote extra-long staple cotton varieties.
• Enhanced Credit through KCC: The loan limit under the Modified Interest Subvention Scheme to be enhanced from ₹ 3 lakh to ₹
5 lakh for loans taken through the KCC.
• Urea Plant in Assam: A plant with annual capacity of 12.7 lakh metric tons to be set up at Namrup, Assam.
MSME’s as the 2nd Engine of Development
• Revision in classification criteria for MSMEs: The investment and turnover limits for classification of all MSMEs to be enhanced
to 2.5 and 2 times respectively.
• Credit Cards for Micro Enterprises: Customized Credit Cards with ₹ 5 lakh limit for micro enterprises registered on Udyam portal,
10 lakh cards to be issued in the first year.
• Fund of Funds for Startups: A new Fund of Funds, with expanded scope and a fresh contribution of ₹ 10,000 crore to be set up.
• Scheme for First-time Entrepreneurs: A new scheme for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time
entrepreneurs to provide term-loans upto ₹ 2 crore in the next 5 years announced.
• Focus Product Scheme for Footwear & Leather Sectors: To enhance the productivity, quality and competitiveness of India’s
footwear and leather sector, a focus product scheme announced to facilitate employment for 22 lakh persons, generate turnover
of ₹ 4 lakh crore and exports of over ₹ 1.1 lakh crore.
• Measures for the Toy Sector: A scheme to create high-quality, unique, innovative, and sustainable toys, making India a global hub
for toys announced.
• Support for Food Processing: A National Institute of Food Technology, Entrepreneurship and Management to be set up in Bihar.
• Manufacturing Mission – Furthering “Make in India”: A National Manufacturing Mission covering small, medium and large
industries for furthering “Make in India” announced.
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, Current Affairs | January 2025
Investment as the 3rd Engine of Development
Investing in People
• Saksham Anganwadi and Poshan 2.0: The cost norms for the nutritional support to be enhanced appropriately.
• Atal Tinkering Labs: 50,000 Atal Tinkering Labs to be set up in Government schools in next 5 years.
• Broadband Connectivity to Government Secondary Schools and PHCs: Broadband connectivity to be provided to all Government
secondary schools and primary health centres in rural areas under the Bharatnet project.
• Bharatiya Bhasha Pustak Scheme: Bharatiya Bhasha Pustak Scheme announced to provide digital-form Indian language books for
school and higher education.
• National Centres of Excellence for Skilling: 5 National Centres of Excellence for skilling to be set up with global expertise and
partnerships to equip our youth with the skills required for “Make for India, Make for the World” manufacturing.
• Expansion of Capacity in IITs: Additional infrastructure to be created in the 5 IITs started after 2014 to facilitate education for 6,500
more students.
• Centre of Excellence in AI for Education: A Centre of Excellence in Artificial Intelligence for education to be set up with a total
outlay of ₹ 500 crore.
• Expansion of medical education: 10,000 additional seats to be added in medical colleges and hospitals next year, adding to 75000
seats in the next 5 years.
• Day Care Cancer Centres in all District Hospitals: Government to set up Day Care Cancer Centres in all district hospitals in the next
3 years, 200 Centres in 2025-26.
• Strengthening urban livelihoods: A scheme for socio-economic upliftment of urban workers to help them improve their incomes
and have sustainable livelihoods announced.
• PM SVANidhi: Scheme to be revamped with enhanced loans from banks, UPI linked credit cards with ₹ 30,000 limit, and capacity
building support.
• Social Security Scheme for Welfare of Online Platform Workers: Government to arrange for identity cards, registration on e-
Shram portal and healthcare under PM Jan Arogya Yojna, for gig-workers.
Investing in the Economy
• Public Private Partnership in Infrastructure: Infrastructure-related ministries to come up with a 3-year pipeline of projects in PPP
mode, States also encouraged.
• Support to States for Infrastructure: An outlay of ₹1.5 lakh crore proposed for the 50-year interest free loans to states for capital
expenditure and incentives for reforms.
• Asset Monetization Plan 2025-30: Second Plan for 2025-30 to plough back capital of ₹ 10 lakh crore in new projects announced.
• Jal Jeevan Mission: Mission to be extended until 2028 with an enhanced total outlay.
• Urban Challenge Fund: An Urban Challenge Fund of ₹ 1 lakh crore announced to implement the proposals for ‘Cities as Growth
Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’, allocation of ₹ 10,000 crore proposed for 2025-26.
• Nuclear Energy Mission for Viksit Bharat: Amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to
be taken up. Nuclear Energy Mission for research & development of Small Modular Reactors (SMR) with an outlay of ₹20,000 crore
to be set up, 5 indigenously developed SMRs to be operational by 2033.
• Shipbuilding: The Shipbuilding Financial Assistance Policy to be revamped. Large ships above a specified size to be included in the
infrastructure harmonized master list (HML).
• Maritime Development Fund: A Maritime Development Fund with a corpus of ₹ 25,000 crore to be set up, with up to 49 per cent
contribution by the Government, and the balance from ports and private sector.
• UDAN – Regional Connectivity Scheme: A modified UDAN scheme announced to enhance regional connectivity to 120 new
destinations and carry 4 crore passengers in the next 10 years. Also to support helipads and smaller airports in hilly, aspirational,
and North East region districts.
• Greenfield Airport in Bihar: Greenfield airports announced in Bihar, in addition to the expansion of the capacity of Patna airport
and a brownfield airport at Bihta.
• Western Koshi Canal Project in Mithilanchal: Financial support for the Western Koshi Canal ERM Project in Bihar.
• Mining Sector Reforms: A policy for recovery of critical minerals from tailings to be brought out.
• SWAMIH Fund 2: A fund of ₹ 15,000 crore aimed at expeditious completion of another 1 lakh dwelling units, with contribution
from the Government, banks and private investors announced.
• Tourism for employment-led growth: Top 50 tourist destination sites in the country to be developed in partnership with states
through a challenge mode.
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, Current Affairs | January 2025
Contents
National News ........................................................................................................................................................................... 3
GOVT SCHEMES ...................................................................................................................................................................... 33
APPS & WEB PORTAL ........................................................................................................................................................... 39
INTERNATIONAL AFFAIRS .................................................................................................................................................. 40
VISITS ........................................................................................................................................................................................ 43
BANKING & FINANCE ............................................................................................................................................................ 44
ECONOMY & BUSINESS ......................................................................................................................................................... 57
MoU’s & AGREEMENTS ......................................................................................................................................................... 61
APPOINTMENTS & RESIGNATIONS ...................................................................................................................................62
AWARDS ................................................................................................................................................................................... 64
SUMMITS, EVENTS & CONFERENCE...................................................................................................................................66
COMMITTEES & MEETINGS ................................................................................................................................................. 67
INDEX ........................................................................................................................................................................................ 70
DEFENCE................................................................................................................................................................................... 77
SCIENCE & TECHNOLOGY ..................................................................................................................................................... 79
SPORTS ..................................................................................................................................................................................... 81
BOOKS & AUTHORS ............................................................................................................................................................... 85
OBITUARY ................................................................................................................................................................................ 86
IMPORTANT DAYS .................................................................................................................................................................87
ENVIRONMENT ....................................................................................................................................................................... 89
Miscellaneous ......................................................................................................................................................................... 90
Static Takeaways ...................................................................................................................................................................91
January 2025 Months Questions with Answer .............................................................................................................. 93
2 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App
, Current Affairs | January 2025
National News
UNION BUDGET 2025-26
Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman presented Union Budget 2025-26 in the Parliament today.
The highlights of the budget are as follows:
Budget Estimates 2025-26
• The total receipts other than borrowings and the total expenditure are estimated at ₹ 34.96 lakh crore and ₹ 50.65 lakh crore
respectively.
• The net tax receipts are estimated at ₹ 28.37 lakh crore.
• The fiscal deficit is estimated to be 4.4 per cent of GDP.
• The gross market borrowings are estimated at ₹ 14.82 lakh crore.
• Capex Expenditure of ₹11.21 lakh crore (3.1% of GDP) earmarked in FY2025-26.
Agriculture as the 1st Engine of Development
• Prime Minister Dhan-Dhaanya Krishi Yojana – Developing Agri Districts Programme: The programme to be launched in
partnership with the states, covering 100 districts with low productivity, moderate crop intensity and below-average credit
parameters, to benefit 1.7 crore farmers.
• Building Rural Prosperity and Resilience: A comprehensive multi-sectoral programme to be launched in partnership with states
to address under-employment in agriculture through skilling, investment, technology, and invigorating the rural economy. Phase-
1 to cover 100 developing agri-districts.
• Aatmanirbharta in Pulses: Government to launch a 6-year “Mission for Aatmanirbharta in Pulses” with focus on Tur, Urad and
Masoor. NAFED and NCCF to procure these pulses from farmers during the next 4 years.
• Comprehensive Programme for Vegetables & Fruits: A comprehensive programme to promote production, efficient supplies,
processing, and remunerative prices for farmers to be launched in partnership with states.
• Makhana Board in Bihar: A Makhana Board to be established to improve production, processing, value addition, and marketing
of makhana.
• National Mission on High-Yielding Seeds: A National Mission on High Yielding Seeds to be launched aiming at strengthening the
research ecosystem, targeted development and propagation of seeds with high yield, and commercial availability of more than
100 seed varieties.
• Fisheries: Government to bring a framework for sustainable harnessing of fisheries from Indian Exclusive Economic Zone and High
Seas, with a special focus on the Andaman & Nicobar and Lakshadweep Islands.
• Mission for Cotton Productivity: A 5-year mission announced to facilitate significant improvements in productivity and
sustainability of cotton farming, and promote extra-long staple cotton varieties.
• Enhanced Credit through KCC: The loan limit under the Modified Interest Subvention Scheme to be enhanced from ₹ 3 lakh to ₹
5 lakh for loans taken through the KCC.
• Urea Plant in Assam: A plant with annual capacity of 12.7 lakh metric tons to be set up at Namrup, Assam.
MSME’s as the 2nd Engine of Development
• Revision in classification criteria for MSMEs: The investment and turnover limits for classification of all MSMEs to be enhanced
to 2.5 and 2 times respectively.
• Credit Cards for Micro Enterprises: Customized Credit Cards with ₹ 5 lakh limit for micro enterprises registered on Udyam portal,
10 lakh cards to be issued in the first year.
• Fund of Funds for Startups: A new Fund of Funds, with expanded scope and a fresh contribution of ₹ 10,000 crore to be set up.
• Scheme for First-time Entrepreneurs: A new scheme for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time
entrepreneurs to provide term-loans upto ₹ 2 crore in the next 5 years announced.
• Focus Product Scheme for Footwear & Leather Sectors: To enhance the productivity, quality and competitiveness of India’s
footwear and leather sector, a focus product scheme announced to facilitate employment for 22 lakh persons, generate turnover
of ₹ 4 lakh crore and exports of over ₹ 1.1 lakh crore.
• Measures for the Toy Sector: A scheme to create high-quality, unique, innovative, and sustainable toys, making India a global hub
for toys announced.
• Support for Food Processing: A National Institute of Food Technology, Entrepreneurship and Management to be set up in Bihar.
• Manufacturing Mission – Furthering “Make in India”: A National Manufacturing Mission covering small, medium and large
industries for furthering “Make in India” announced.
3 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App
, Current Affairs | January 2025
Investment as the 3rd Engine of Development
Investing in People
• Saksham Anganwadi and Poshan 2.0: The cost norms for the nutritional support to be enhanced appropriately.
• Atal Tinkering Labs: 50,000 Atal Tinkering Labs to be set up in Government schools in next 5 years.
• Broadband Connectivity to Government Secondary Schools and PHCs: Broadband connectivity to be provided to all Government
secondary schools and primary health centres in rural areas under the Bharatnet project.
• Bharatiya Bhasha Pustak Scheme: Bharatiya Bhasha Pustak Scheme announced to provide digital-form Indian language books for
school and higher education.
• National Centres of Excellence for Skilling: 5 National Centres of Excellence for skilling to be set up with global expertise and
partnerships to equip our youth with the skills required for “Make for India, Make for the World” manufacturing.
• Expansion of Capacity in IITs: Additional infrastructure to be created in the 5 IITs started after 2014 to facilitate education for 6,500
more students.
• Centre of Excellence in AI for Education: A Centre of Excellence in Artificial Intelligence for education to be set up with a total
outlay of ₹ 500 crore.
• Expansion of medical education: 10,000 additional seats to be added in medical colleges and hospitals next year, adding to 75000
seats in the next 5 years.
• Day Care Cancer Centres in all District Hospitals: Government to set up Day Care Cancer Centres in all district hospitals in the next
3 years, 200 Centres in 2025-26.
• Strengthening urban livelihoods: A scheme for socio-economic upliftment of urban workers to help them improve their incomes
and have sustainable livelihoods announced.
• PM SVANidhi: Scheme to be revamped with enhanced loans from banks, UPI linked credit cards with ₹ 30,000 limit, and capacity
building support.
• Social Security Scheme for Welfare of Online Platform Workers: Government to arrange for identity cards, registration on e-
Shram portal and healthcare under PM Jan Arogya Yojna, for gig-workers.
Investing in the Economy
• Public Private Partnership in Infrastructure: Infrastructure-related ministries to come up with a 3-year pipeline of projects in PPP
mode, States also encouraged.
• Support to States for Infrastructure: An outlay of ₹1.5 lakh crore proposed for the 50-year interest free loans to states for capital
expenditure and incentives for reforms.
• Asset Monetization Plan 2025-30: Second Plan for 2025-30 to plough back capital of ₹ 10 lakh crore in new projects announced.
• Jal Jeevan Mission: Mission to be extended until 2028 with an enhanced total outlay.
• Urban Challenge Fund: An Urban Challenge Fund of ₹ 1 lakh crore announced to implement the proposals for ‘Cities as Growth
Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’, allocation of ₹ 10,000 crore proposed for 2025-26.
• Nuclear Energy Mission for Viksit Bharat: Amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to
be taken up. Nuclear Energy Mission for research & development of Small Modular Reactors (SMR) with an outlay of ₹20,000 crore
to be set up, 5 indigenously developed SMRs to be operational by 2033.
• Shipbuilding: The Shipbuilding Financial Assistance Policy to be revamped. Large ships above a specified size to be included in the
infrastructure harmonized master list (HML).
• Maritime Development Fund: A Maritime Development Fund with a corpus of ₹ 25,000 crore to be set up, with up to 49 per cent
contribution by the Government, and the balance from ports and private sector.
• UDAN – Regional Connectivity Scheme: A modified UDAN scheme announced to enhance regional connectivity to 120 new
destinations and carry 4 crore passengers in the next 10 years. Also to support helipads and smaller airports in hilly, aspirational,
and North East region districts.
• Greenfield Airport in Bihar: Greenfield airports announced in Bihar, in addition to the expansion of the capacity of Patna airport
and a brownfield airport at Bihta.
• Western Koshi Canal Project in Mithilanchal: Financial support for the Western Koshi Canal ERM Project in Bihar.
• Mining Sector Reforms: A policy for recovery of critical minerals from tailings to be brought out.
• SWAMIH Fund 2: A fund of ₹ 15,000 crore aimed at expeditious completion of another 1 lakh dwelling units, with contribution
from the Government, banks and private investors announced.
• Tourism for employment-led growth: Top 50 tourist destination sites in the country to be developed in partnership with states
through a challenge mode.
4 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App
