National Affairs Cabinet Committee of Economic Affairs Approvals – September 10, 2025 Railway Infrastructure Development Cabinet approved doubling of Bhagalpur-Dumka-Rampurhat single railway line spanning 177 kilometers across Bihar, Jharkhand and West Bengal with total budget outlay of Rs 3,169 crores Project covers 5 districts in 3 states under Pradhan Mantri Gati Shakti – National Master…
Here’s a 10-question MCQ quiz based on the Daily Current Affairs and GK Update for 09.08.2025, tailored for SSC, Bank PO, and other competitive exams in India. Answers are provided immediately after each question. RBI Monetary Policy: What is the current repo rate maintained by RBI as per the August 2025 review? A) 5.25% B)…
National Affairs – India RBI Monetary Policy Update August 2025 RBI keeps repo rate unchanged at 5.50% – Monetary Policy Committee unanimously decided to maintain current rates after previous 100 basis points cut since February 2025 Inflation forecast revised downward to 3.1% for FY26 – Earlier projection was 3.7%, reflecting favorable monsoon conditions and controlled…
National Events Former Jharkhand Chief Minister Shibu Soren passed away at 81 after prolonged illness in Delhi. His political career spanned decades, including terms as Union Minister and Rajya Sabha MP. Reserve Bank of India’s Monetary Policy Committee commenced a three-day review, with lending rate decisions due on 06.08.2025. Inflation outlook and global trade tensions…
Important National News Prime Minister Modi Announces Decision on US Tariffs US President Donald Trump announced 25% tariffs plus penalty on India effective from August 1, 2025 The announcement was made via Truth Social platform Trump stated that while India is a friend, their tariffs are among the highest in the world External Affairs Minister…
Banking and Financial Sector Updates Major Banking Developments State Bank of India Wins Global Recognition: SBI has been adjudged as the World’s Best Consumer Bank for 2025 by Global Finance magazine, recognizing its digital innovation and customer-centric approach HSBC Exits Climate Coalition: HSBC becomes the first UK bank to withdraw from the Net Zero Banking…
NATIONAL NEWS Prime Minister’s Major Development Push PM Modi’s Dual State Visit: Prime Minister Narendra Modi undertook a significant visit to Bihar and West Bengal, inaugurating and laying foundation stones for development projects worth over Rs 12,000 crore Bihar Projects: Over Rs 7,200 crore worth of projects across railways, roads, IT, fisheries, and rural development…
National News Government Appointments and Policy Updates R Doraiswamy Appointed as LIC MD & CEO: R Doraiswamy has been appointed as Managing Director and Chief Executive Officer of Life Insurance Corporation of India from 15 July 2025. His term will last until 28 August 2028, when he turns 62. With over 38 years of experience…
CURRENT AFFAIRS QUIZ – JULY 7, 2025 Question 1: What is the new policy repo rate set by RBI in June 2025? A) 5.00% B) 5.25% C) 5.50% D) 5.75% Answer: C) 5.50% The RBI cut the policy repo rate by 50 basis points to 5.50% in a 5:1 MPC vote decision. Question 2: Which…
NATIONAL AFFAIRS Banking and Financial Sector Major Financial Changes Effective July 2025 Aadhaar verification becomes mandatory for new PAN card applications starting July 1, 2025 Cash Reserve Ratio (CRR) reduced by 100 basis points to support banking liquidity HDFC Bank implements 1% fee on monthly online gaming spends exceeding Rs 10,000 SBI revises Minimum Amount…
