Current Affairs, Banking Awareness & Competitive Exam Preparation
National News Parliament Passes Waqf (Amendment) Bill, 2025 The bill aims to improve the management of Waqf properties. It was passed after extensive debates in both Lok Sabha and Rajya Sabha. Veteran Actor Manoj Kumar Passes Away Manoj Kumar, renowned for his patriotic films, died at the age of 87 due to a heart attack….
India’s banking sector has undergone significant transformations over the years, driven by various reforms aimed at enhancing efficiency, stability, and inclusivity. These reforms have been implemented to address challenges like non-performing assets (NPAs), capital adequacy, operational inefficiencies, and the need for technological modernization. Key Milestones in Indian Banking Reforms Year. Reform/Committee Key Focus Areas Impact…
The nationalisation of banks in India has been a pivotal event in the country’s economic history, reshaping the financial landscape to promote financial inclusion and economic growth. This article provides a comprehensive overview of the nationalisation process, recent merger activities, and future plans for the banking sector. History of Bank Nationalisation in India Phases of…
The 6th BIMSTEC Summit (2025) marked a significant milestone in regional cooperation, with India playing a pivotal role in shaping the agenda. What is BIMSTEC? BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is a regional bloc of 7 nations: South Asia: India, Bangladesh, Bhutan, Nepal, Sri Lanka Southeast Asia: Myanmar, Thailand…
Multiple Choice Questions (MCQs) with Answers 1. Where was the 6th BIMSTEC Summit held on 04 April 2025? a) New Delhi (India) b) Bangkok (Thailand) c) Kathmandu (Nepal) d) Colombo (Sri Lanka) Answer: b) Bangkok (Thailand) 2. What was the theme of the 6th BIMSTEC Summit? a) “BIMSTEC – Sustainable Growth & Innovation” b) “BIMSTEC…
National News BIMSTEC Summit in Bangkok (Thailand) Prime Minister Narendra Modi (India) attended the 6th BIMSTEC Summit with the theme “BIMSTEC – Prosperous, Resilient and Open.” Key Outcomes: Adoption of Bangkok Vision 2030 and endorsement of the Eminent Persons’ Group Report for future collaboration. India-Japan 7th Maritime Dialogue Focused on strengthening naval cooperation, countering illegal…
Multiple-Choice Questions Who announced a 10% blanket tariff on all imported goods recently? a) Joe Biden b) Donald Trump c) Xi Jinping d) Rishi Sunak Answer: b) Donald Trump Which country’s President, Gabriel Boric, recently concluded a five-day state visit to India? a) Brazil b) Argentina c) Chile d) Mexico Answer: c) Chile What was…
International News Global Trade Tariffs by Donald Trump U.S. President Donald Trump announced sweeping tariffs, including a 10% blanket tariff on all imported goods and country-specific tariffs like 54% on China. This move is expected to trigger global economic uncertainty and protectionism. (Capital: Washington D.C.) Myanmar Earthquake Relief Efforts Myanmar’s ruling military junta declared a…
The Reserve Bank of India (RBI), India’s central bank, has played a pivotal role in shaping the nation’s financial and economic landscape since its inception. Below is a detailed account of its history, organized for quick reference. Key Historical Milestones of RBI Year Event 1926 The Hilton-Young Commission recommended the establishment of a central bank….
Which country recently announced ‘Liberation Day’ tariffs on imports to protect its domestic industries? a) China b) United States c) India d) Japan Answer: b) United States What was the primary focus of the military drills conducted by China near Taiwan recently? a) Strengthening trade relations b) Deterrence against pro-independence forces c) Environmental protection exercises…