Home » Daily GK Update & Current Affairs : March 23, 2025

Daily GK Update & Current Affairs : March 23, 2025

Daily GK Update

International News

World Leaders Conclave & Awards 2025

  • The prestigious World Leaders Conclave & Awards 2025 is being held at the UK Parliament in London (Capital of United Kingdom)

  • The event brings together world leaders, policymakers, and industry pioneers to address global challenges

  • Notable participants include H.E. Lujaina Mohsin Darwish, Chief Gene Saunders, Greg Wilson, and Areej Mohsin Darwish

  • The conclave focuses on critical priorities like climate resilience, economic transformation, technological advancement, and geopolitical stability

EU Leaders’ Summit in Brussels

  • The 27 leaders of the European Union gathered in Brussels (Capital of Belgium) to discuss Ukraine, defense plans, and economic competitiveness

  • Ukrainian President Volodymyr Zelenskyy (President of Ukraine) briefed leaders via video conference about negotiations related to Russia’s war

  • The summit addressed an ambitious €150-billion loan program to increase defense spending across the bloc

  • UN Secretary-General António Guterres (UN Secretary-General) and European Central Bank President Christine Lagarde (ECB President) participated in the discussions

  • Hungarian Prime Minister Viktor Orbán (Prime Minister of Hungary) opted out of the joint text on Ukraine

Global Forest Vision 2025

  • New framework outlining urgent actions to protect forests and halt deforestation-linked trade

  • Aims to implement sustainable practices and strengthen international cooperation for forest preservation

National News

Judicial Inquiry Committee Formed

  • Chief Justice of India has constituted a three-member committee to investigate allegations against Justice Yashwant Varma of Delhi High Court

  • The committee includes Justice Sheel Nagu (Chief Justice of Punjab & Haryana High Court), Justice G.S. Sandhawalia (Chief Justice of Himachal Pradesh High Court), and Justice Anu Sivaraman (Judge of Karnataka High Court)

  • Justice Varma has been temporarily relieved of judicial duties pending investigation

PLI Scheme Setback

  • India’s $23 billion Production-Linked Incentive scheme launched in 2020 is set to lapse due to underperformance

  • Only 37% of expected production targets were achieved, with $151.93 billion worth of goods manufactured by October 2024

  • The scheme aimed to increase manufacturing’s share in India’s GDP to 25% by 2025, but it declined from 15.4% to 14.3% instead

  • Delays in subsidy payouts and excessive bureaucracy hampered the scheme’s effectiveness

Andhra Pradesh Tourism Development

  • Chief Minister N Chandrababu Naidu (Chief Minister of Andhra Pradesh) canceled hotel permissions near Tirumala hills following protests from Hindu groups

  • The decision aims to preserve the sanctity of the sacred area

  • CM Naidu was seen serving ‘Anna Prasadam’ to devotees at Vengamamba in Tirumala along with his family members

North India’s First Nuclear Power Project

  • Haryana set to host North India’s first nuclear power project

  • The initiative marks a significant step in diversifying India’s energy portfolio and increasing nuclear power generation capacity

Lok Sabha Financial Approval

  • The Lok Sabha approved Demands for Grants amounting to ₹50 lakh crore

  • This approval is a crucial step in the government’s budgetary process for funding various ministries and departments

AAIB to Investigate IndiGo Incidents

  • Aircraft Accident Investigation Bureau to investigate all IndiGo tail strike incidents

  • The investigation aims to identify causes and prevent similar occurrences in the future

India-Made Browser Initiative

  • Government pushing for made-in-India browser with mandated trust in government encryption

  • Move aims to strengthen digital sovereignty and reduce dependence on foreign technology platforms