Current Affairs Flashcards

Flashcards of key vocabulary and concepts from the lecture notes.

TIME100 Philanthropy 2025

A report published by TIME magazine, listing the TIME 100 Most Influential People in Philanthropy 2025, categorized into Titans, Leaders, Trailblazers, and Innovators. It features Indians like Mukesh & Nita Ambani, Azim Premji, and Nikhil Kamath.

Largest Individual Donor of 2024

Michael Bloomberg, co-founder, CEO of Bloomberg LP, contributed USD 3.7 billion to various causes, including a USD 1 billion donation to Johns Hopkins University for medical education.

Tamannaah Bhatia

Brand Ambassador of Karnataka Soaps & Detergents Limited (KSDL)

Miao Lijie & Yuko Oga

Appointed as Ambassadors for the FIBA Women’s Asia Cup 2025

FIBA Women’s Asia Cup 2025 Host

Shenzhen, China marks the first time China will host the event in 10 years.

Jasprit Bumrah

Brand Ambassador of Non-Banking Financial Company (NBFC), L&T Finance (LTF)

RBI Dividend to Government for FY25

Rs 2,68,590.07 crore, approved by the RBI Central Board of Directors in its 616th meeting on 23 May 2025.

RBI Ownership

100% owned by the government of India, which receives surplus as dividends.

RBI Economic Capital Framework

Revised on 15 March 2025, dictates dividend amount based on risk provisioning under the Contingent Risk Buffer (CRB) within 7.50 to 4.50 per cent of the RBI’s balance sheet.

Sanjay Malhotra

Governor of Reserve Bank of India (RBI).

PRAVAAH Portal

Platform for Regulatory Application, Validation And AutHorisation, exclusively for submitting applications for regulatory authorisations, licences, and approvals, starting 1st May 2025.

RBI's Cancellation of License

Lucknow-based HCBL Co-operative Bank due to inadequate capital and earning prospects.

RBI: Net FDI decline in 2024-25

Net foreign direct investment (FDI) declined by 96.5 % to $353 million in 2024-25 compared to 2023-24.

QuickPay

Fintech platform that received in-principle approval from the RBI for a Payment Aggregator (PA) license.

Getepay

Jaipur-based digital payments company, has received final authorisation from the RBI to operate as a PA online.

Slice Small Finance Bank (Slice SFB)

New name for North East Small Finance Bank Ltd (NESFB) after merging with Bengaluru-based fintech startup Slice.

ISARC Stake Sale

Punjab National Bank (PNB) inks Pact to Sell Entire Stake in Indian Small Medium Enterprise (SME) Asset Reconstruction Company (ISARC) for Rs. 34 crores

Singtel's Stake Sale

Singapore’s Singtel Sold 1.2% Stake in Bharti Airtel for SGD 2 Billion

Election Commission Voter Limit

Election Commission reduces maximum voters at a polling station to 1200.

ECINET

Launch of ECINET, replacing 40+ apps and websites with a single dashboard.

Gyanesh Kumar

Chief Election Commissioner.

Konkan Railway Merger

Konkan Railway to merge with Indian Railways.

CCI 16th Annual Day

Union FM Nirmala Sitharaman Presides Over 16th Annual Day of CCI in New Delhi

Ravneet Kaur

Chairperson of Competition Commission of India (CCI).

Chagos Islands Sovereignty

United Kingdom to hand over sovereignty of Chagos Islands to Mauritius.

Banu Musthaq

Winner of 2025 International Booker Prize for her short story collection “Heart Lamp”

Rising Northeast Investor Summit 2025

PM Modi inaugurates the Rising Northeast Investor Summit in New Delhi

World Turtle Day 2025

23 May, Theme: Dancing Turtles Rock!

Tsarap Chu CR

HP Govt Declares ‘Tsarap Chu CR’ as India’s Largest Conservation Reserve

Gaya Jee

Bihar Government Renames Gaya Town as “Gaya Jee”

Mumbai

Wealthiest city in India.

New York City

World’s Wealthiest City

Ram Mohan M K

Marine Products Export Development Authority (MPEDA)Appointed as Director of the Marine Products Export Development Authority (MPEDA)

India Post Payments Bank (IPPB)

Partners with Aditya Birla Capital to Expand Financial Inclusion

IndusInd Bank

Signed MoU with AIC STPINEXT to Support Startups & MSMEs

RBI Establishes PRB

RBI Establishes Six-Member PRB headed by RBI Governor to Oversee Payment Systems in India

ZikZuk

Received in-principle authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI).

DoT

Introduces “Financial Fraud Risk Indicator” to strengthen Cyber Fraud Prevention

India

becomes chairman of Asian Productivity Organisation for 2025-26

MoHUA

Announced 4% Housing Reservation for Persons with Disabilities

USA

Became India’s 4th Largest Crude Oil Supplier

Amity University Online

Signed a MoU with Hockey India to Transform Lives of Athletes

Op Sindoor

Government Diplomatic Outreach on Op Sindoor & on Pakistan launched

Golden Dome

Donald Trump announces $175 billion Golden Dome missile defence shield

Sri Lanka

Hosted 24th IORA Meeting.

Manipur

Governor Inaugurated 5th Shirui Lily Festival 2025 in Ukhrul

Gujarat

Govt Launched i-PRAGATI and ‘Tera Tujhko Arpan’ Portals to Enhance Police Services

MP Cabinet

Approves ‘Rah-veer’ Scheme, Rs. 2100 crore Adi Shankaracharya Project

Daniel Noboa

Sworn in as the New President of Ecuador

ABSLI

Partners with Equitas SFB to Expand Life Insurance Access

Axis Bank

Launched Co-Branded RuPay Credit Card for UPI Payments

LRS

Outward Remittances under LRS decline 6.85% to USD 29.56 billion in FY25

Vivriti Fund

Secured USD 20 Million from Development Bank of Austria

India

Partners with WHO to mainstream Ayush Globally

India

Launched SPICED Scheme to Boost Spice Exports

Asiatic Lion Census 2025:.Gujarat

Gujarats Asiatic Lion Population Rises to 891 from 674

Algeria

Becomes New Member of BRICS’ New Development Bank

Tottenham Hotspur

Clinches UEFA Europa Title after 17 years

KIBG 2025: Manipur

Tops Medal Tally with 14 Medals

World Hydrogen Awards 2025

World Hydrogen Awards 2025 Winners

25 May

World Football Day 2025

Uttarakhand

Launches States First Dedicated Cycad Garden in Haldwani

NITI Aayog

Releases Report on “Designing a Policy for Medium Enterprises”

Neeraj Chopra

Becomes Brand Ambassador of Audi India

Jio BlackRock AMC

Gets Sebi approval, names Sid Swaminathan as CEO

India

overtakes Japan to become the 4th largest economy in the world

NLC India Limited

Unveiled New Mascot “Neyon” During its 69th Raising Day Celebrations

NITC

Joins HERITAGE Network and Signs MoUs with European Universities

‘Bharat Forecast System

Govt Launches ‘Bharat Forecast System’

EPFO

Retains 8.25% Interest Rate on EPF for FY25

Lando Norris McLare

Wins His First F1 Monaco GP 2025

Sumeet Tappoo.

Awarded Companion of the Order of Fiji for Humanitarian and Musical Contributions

PM Modi

Chairs 10th Governing Council Meeting of NITI Aayog in Delhi

‘Tested: The Remarkable Power of Resolve

Australian Cricket Captain Patrick Cummins Released New Book

India

is’s First Mahouts’ Village in Mudumalai Tiger Reserve

Uttar Pradesh

Launches India’s First Vistadome Jungle Safari Train

Dr. Samir V. Kamat

Gets Second Extension as Chairman of DRDO & Secretary of DDR&D

Citigroup

Appoints Prashant Thakker as Head of Corporate Bank for South and Southeast Asia

Shahid Kapoor

Bollywood star as Brand ambassador of Vogue Eyewear

Drools

Pet Food Brand Becomes India’s Fifth Unicorn of 2025

NPCI

Mandates UPI Apps to Display Only Verified Account Holder Names from June 30, 2025

UGC

Approves Setting Up of 5 Foreign Universities’ Campuses in India

Railways Dahod Locomotive Plant

PM dedicates the Railways Dahod Locomotive Plant to the Nation

Neeraj Chopra.

Wins Silver at Janusz Kusociński Memorial 2025 in Poland

Kush Maini Creates

History with First Indian Win in Formula 2

78th Cannes Film Festival

The 78th annual Cannes International Film.Jafar Panahi was awarded the festival’s highest honour for ‘It Was Just an Accident

Rajnath

Approves AMCA to build India’s 5th Gen. Fighter Aircraft

India

Participated in 9th BRICS Industry Ministers’ Meeting

Karnataka

Cabinet Renamed Ramanagara District as ‘Bengaluru South’

Aizawl

: Fourth Northeastern State capital to be connected by Rail Link

ILO-NASK Report 2025

4 of the jobs across the world is potentially at the risk of being transformed by Generative Artificial Intelligence

Anil Kumble

Appointed as Karnataka Forest Department Ambassador

India

Shubman Gill, an Indian Cricketer, Appointed as Brand Ambassador for Oakley

Shraddha

Bollywood Actress, Kapoor Appointed as Brand Ambassador for Eureka

RBI

Gold loan rules: 9 crucial proposals made by RBI in the draft guidelines

SBI Life

Vidyaniti Acquire 4.25% Stake in NHIT for Rs.1,100 Crore

Nirmala

Finance Minister Sitharaman chairs review meeting of Public Sector General Insurance Companies (PSGICs)

MSP

P on Paddy for 2025-26 Kharif season increased to Rs 2369 per quintal

India

Unveils Plans for E-Hansa: A Game-Changer in Indigenous Green Aviation

India Post

Launches ‘Know Your DIGIPIN’ and ‘Know Your PIN Code’ to Modernise Address