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India Lifts 17 Crore People Out of Poverty Why in the News ? According to the World Bank’s Spring 2025 Poverty and Equity report, India has lifted over 17.1 crore people out of extreme poverty in the past decade, with major contributions from five states and notable improvements in rural and urban poverty rates. Major …
Read MoreGovt Empowers I4C to Combat Money Laundering Why in the News ? The Indian government has authorised the Indian Cyber Crime Coordination Centre (I4C) to share and receive information with the Enforcement Directorate under PMLA. This aims to strengthen efforts in tracing money trails and tackling rising cyberfraud cases. I4C Brought Under PMLA Framework: On …
Read MoreWhy in the News ? The Ministry of Mines has released guidelines to establish Centres of Excellence under the National Critical Mineral Mission, aiming to boost research and technology in critical minerals essential for clean energy, mobility, electronics, defence, and space sectors. Strengthening Critical Mineral Research: The Ministry of Mines has issued fresh guidelines for …
Read MoreWhy in the News ? Union Minister Jitendra Singh praised India’s first indigenous hydrogen-powered sea vessel as a landmark public-private collaboration. The project reflects India’s push for self-reliance in clean energy technology, supported by CSIR’s New Millennium Indian Technology Leadership Initiative (NMITLI). Historic Milestone in Marine Innovation: India unveiled its first indigenously developed hydrogen-powered …
Read MoreWhy in the News ? The 6th India-Uzbekistan joint military exercise ‘DUSTLIK-6’ has begun at Pune’s Foreign Training Node. This annual event strengthens defence ties and focuses on sharing tactics for joint sub-conventional operations. The exercise will continue until April 28, 2025. Participating Forces: The Indian contingent includes 60 personnel from the JAT Regiment and …
Read MoreWhy in the News ? India’s total exports of goods and services grew by 5.5% in FY 2024-25, reaching a historic $820.93 billion despite global uncertainties. Merchandise exports and non-petroleum shipments showed positive trends, though trade deficit widened due to higher imports. Export Growth Overview: India’s total exports (goods & services) grew by 5% in …
Read MoreWhy in the News ? Urban consumers are concerned about stagnant incomes amid rising commodity prices, leading to increased spending. Despite improved job prospects, pessimism persists about the overall economic situation, with many struggling to meet their financial needs. Income Stagnation Amid Rising Job Optimism: A significant share of urban consumers remains optimistic about job …
Read MoreWhy in the News ? The US has sanctioned UAE-based Indian Jugwinder Singh Brar and his four companies for allegedly aiding Iran’s oil trade. This action is part of Washington’s ongoing “maximum pressure” campaign aimed at disrupting Iranian oil exports and related networks. Who Was Sanctioned and Why ? The US Treasury’s Office of Foreign …
Read MoreWhy in the News ? India secured the 10th position globally in private AI investments, with $1.4 billion in 2023, according to UNCTAD’s Technology and Innovation Report 2025. The country also improved to 36th in the Frontier Technologies Readiness Index. Global AI Investment Rankings: India’s Rising Position: According to the 2025 Technology and Innovation Report …
Read MoreWhy in the News ? The Lok Sabha has passed the Coastal Shipping Bill, 2024, to regulate trade vessels in Indian coastal waters. The Bill aims to promote domestic fleet ownership, enhance national security, and boost India’s maritime economy through indigenous participation and global best practices. Key Highlights of the Coastal Shipping Bill, 2024: The …
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