Daily Current Affairs April 04th 2025 | Latest News | Download PDF

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CURRENT AFFAIRS: BANKING & FINANCE

Federal Bank with National Payments Corporation of India (NPCI) and Visa Launches Fed StarBiz –Credit Card Linked to ODCC Accounts

• Federal Bank has launched its latest credit card product, Fed StarBiz, specifically for business customers.
• Designed in collaboration with the National Payments Corporation of India (NPCI)and Visa, this new credit card is designed to meet the distinct financial requirements of India’s dynamic small and medium-sized enterprises (SMEs).
• The launch is Federal Bank’s strategic entry into the business and commercial credit card space.
• Fed StarBiz is specially designed to meet the needs of SME customers, providing functionalities that facilitate better financial management and more convenience.
• The card is directly linked to the customer’s Overdraft (OD)or Cash Credit (CC) account, thus providing complete integration with their current financial setup.
• With a limit of up to ₹50 lakh, the card offers significant transaction authority while making financial reconciliation easier by having all transactions accounted for in the underlying OD/CC account.

What is an Overdraft?

• An Overdraft is a short-term loan given to existing customers.
• Overdrafts permit current account holders to withdraw or issue cheques despite low or even negative balances up to a certain limit.
• These funds can be used to tackle short-term instant payments.

What is Cash Credit?

• Cash Credit is a short-term loan given to businesses and companies.
• These loans help clients meet their daily operating expenses.
• It can be used to cover urgent payments related to current assets, selling costs, etc.

Major features of Fed StarBiz are:

• Daily Transaction Limits: Customers can conduct transactions up to ₹3 lakh per day or the available limit on his/her OD/CC account.
• Security Improvements:Latest tokenization and encryption technologies secure transactions, providing reliability and security.
• Universal Acceptance: The card is offered both in RuPay and Visa versions, allowing usage at millions of merchants across India.
• Streamlined Financial Management: Does away with the necessity of individual statements since all transactions are filed in the connected OD/CC account.

About Federal Bank:

• Founded: 1931
• Headquarters: Aluva, Kerala, India
• Managing Director & CEO: KVS Manian
• Tagline: “Your Perfect Banking Partner”

Securities and Exchange Board of India allows investment advisers, research analysts to charge advance fees for up to a year

• Securities and Exchange Board of India (SEBI) has allowed investment advisers (IAs) and research analysts (RAs) to charge advance fees for up to one year.

• Previously, IAs could charge advance fees for up to two quarters, and RAs could charge for only one quarter.
• Clients must agree to the advance fee arrangement for it to be applicable.

Key Highlights:

• The new rules apply only to individual and Hindu Undivided Family (HUF) clients who are not accredited investors.
• Non-individual clients, accredited investors, and institutional investors seeking proxy adviser recommendations will follow bilaterally negotiated contractual terms.
• The fee-related provisions include fee limits, payment modes, refund policies, advance fees, and breakage fees.
• The guidelines take effect from the date of issuance of SEBI’s circular.
• The rule change follows concerns that the previous limits on advance fees discouraged long-term recommendations by RAs and IAs.
• SEBI received representations from IAs and RAs requesting an extension of the advance fee collection period.
• A consultation paper was floated before implementing the new rule allowing a one-year advance fee period.

Who are IAs & Ras?

• Investment Advisers (IAs) provide financial guidance and personalized investment advice, while Research Analysts (RAs) offer in-depth research and analysis on securities, investment strategies, and economic trends, both regulated by the Securities and Exchange Board of India (SEBI).

Recent News:

• In March 2025, SEBI revised its regulations to lower the minimum investment in the Social Stock Exchange (SSE) from ₹10,000 to ₹1,000, making social impact investments more accessible to smaller investors.

About SEBI :

• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters : Mumbai, Maharashtra
• Chairman : Tuhin Kanta Pandey
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance (MoF), GoI.

Muthoot Finance rating upgraded to Ba1 by Moody’s, outlook stable

• Moody’s Ratings has upgraded Muthoot Finance Limited’s long-term corporate family rating from Ba2 to Ba1, maintaining a stable outlook.
• The upgrade reflects Muthoot’s strong credit profile, leading position, and robust operational controls in the gold financing industry in India.
• Despite fierce competition, Muthoot has maintained strong underwriting standards, leading to steady loan growth and stable asset quality.
• Profitability Strength:
  • Muthoot is the most profitable among Moody’s-rated Indian finance companies.
  • Net income to average managed assets stood at 4.9% in the nine months ending December 2024.
  • Tangible common equity to total managed assets (TCE/TMA) was approximately 23.3% at the end of December 2024.

About Moody:

• Founded: 1909 by John Moody
• Headquarters: 7 World Trade Center, New York City, USA
• Operations: Moody’s Ratings (Credit Ratings), Moody’s Analytics (Financial Analysis)
• President & CEO: Rob Fauber

3 banks revise Fixed Deposit interest rates ahead of Reserve Bank of India’s repo rate decision

• The Financial Year (FY) 2025-26 has begun with a downturn for fixed deposit (FD) rates, as HDFC Bank, Yes Bank, and Bandhan Bank have revised their interest rates ahead of the RBI’s Monetary Policy Committee (MPC) meeting scheduled for April 7-9, 2025.

Reason for FD Rate Cuts

• The RBI reduced the repo rate by 0.25% in February 2025.
• Further rate cuts are anticipated in the upcoming April MPC meeting.

Revised FD Rates by Banks

1. HDFC Bank (Effective from April 1, 2025)

• 35-month tenure: Reduced by 35 basis points → Now 7% (previously 7.35%).
• 55-month tenure: Reduced by 40 basis points → Now 7% (previously 7.4%).
• Senior citizens receive 0.5% extra interest.
• Applicable for deposits below ₹3 crore.

2. Yes Bank

• 12 months to 24 months tenure: Reduced by 0.25% → Now 7.75% (previously 8%).

3. Bandhan Bank (Effective from April 3, 2025)

• Callable bulk deposits above ₹3 crore:
  • 12 months, and 12 months & 1 day to less than 13 months → 8% interest.
• Non-callable bulk deposits above ₹3 crore:
  • Offering up to 8.3% interest.

CURRENT AFFAIRS: NATIONAL NEWS

62nd National Maritime Day & Merchant Navy Week Inaugurated in Mumbai

• The 62nd National Maritime Day and Merchant Navy Week were officially inaugurated by Maharashtra Governor C P Radhakrishnan at Raj Bhavan, Mumbai, on April 5, 2024.
• The event highlighted the crucial role of India’s maritime sector in achieving the vision of Viksit Bharat (Developed India).

Key Highlights

Governor’s Address: Emphasizing Maritime Growth

• Governor C P Radhakrishnan stressed the need for port modernization and better coordination among maritime and transport authorities to enhance India’s global trade capabilities. He called for an integrated approach between:
• Directorate General of Shipping
• Shipping Corporation of India (SCI)
• Container Corporation of India
• Indian Railways
• Traders and Exporters
• A well-coordinated maritime infrastructure will significantly contribute to India’s goal of becoming a global maritime powerhouse.

National Maritime Day Symbolism

• Director General of Shipping, Shyam Jagannathan, pinned a miniature National Maritime Day flag on the Governor’s jacket as a tribute to India’s maritime industry.
• A Coffee Table Book showcasing India’s maritime achievements was also presented.

Dignitaries in Attendance

The event saw participation from key figures in India’s shipping and maritime sectors, including:

• Shyam Jagannathan – Director General of Shipping
• Ajit Sukumaran – Chief Surveyor & Additional Director General
• Captain B. K. Tyagi – Chairman, Shipping Corporation of India
• Pandurang Raut – Deputy Director General
• Sudhir Kohakade – Deputy Director General
• Captain Sankalp Shukla – Maritime Expert
• Milind Kandalgavkar – General Secretary, National Union of Seafarers

CURRENT AFFAIRS: BUSINESS NEWS

Regulators Designate HDFC, IDFC First, Stock Holding Corp as Corporate Agents for Insurance in GIFT City

• HDFC Bank, IDFC First Bank, and Stock Holding Securities IFSC Ltd have been designated as corporate agents in GIFT City.
• They are authorized to sell insurance products alongside their existing financial services.
• Target Audience: Over 35 million Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) worldwide.

Benefits of GIFT City-based Insurance Products for NRIs/PIOs

• Legal Succession Advantage: Insurance policies purchased in GIFT City follow the Indian Succession Act, avoiding Sharia law-based succession in countries like Dubai.
• Convenience: NRIs can buy insurance through their banks, simplifying financial planning.
• Dollar-Denominated Policies: Many NRIs prefer insurance products in foreign currency.

IFSCA’s Role & Future Plans

• Chairman K Rajaraman of IFSCA confirmed more banks are applying for corporate agent licenses.
• Plans to expand the insurance ecosystem in GIFT City by:
  • Encouraging insurance companies to set up Global Capability Centres (GCCs).
  • Strengthening data processing, underwriting, and accrual services.

Standing Committee on Insurance

• Formed by IFSCA to enhance GIFT City’s position as a global insurance hub.
• Headed by MR Kumar, former LIC chairperson.
• Key objectives:
  • Regulatory Benchmarking: Compare IFSCA regulations with other global IFSCs.
  • Ease & Cost of Doing Business: Suggest improvements for market competitiveness.
  • Market Expansion: Develop new insurance products tailored for NRIs, PIOs, and Indian corporates.
  • Retail Market Development: Establish digital channels to sell life, health, and other international-standard insurance products.

Recent News:

• As of February 2025, the Reserve Bank of India (RBI) approved Bank of Maharashtra (BoM) to set up a branch in GIFT City, Gujarat, strengthening its offshore banking operations

CURRENT AFFAIRS: AWARDS AND HONOURS

President of the Noida High Rise Federation, Nikhil Singhal Honored with Uttar Pradesh Anmol Ratan Award

• Nikhil Singhal, a distinguished media strategist, Founder of Vigor Media Worldwide, and President of the Noida High Rise Federation, has been conferred with the prestigious Uttar Pradesh Anmol Ratan Award.
• The award ceremony, organized by the Tapasya Foundation Trust, took place at the Taj Lucknow.

Key Highlights of the Award Ceremony

• Chief Guest: Former Uttar Pradesh Chief Minister Shri Akhilesh Yadav presented the award.
• Recognition: Awarded for his contributions to the PR industry and leadership in strategic communication.
• Attendees: Eminent personalities from media, corporate communications, governance, and public relations.

Recognitions and Past Achievements

• Times 40 Under 40 (2022): Recognized among India’s top young business leaders.
• ET Global Leader Award (2021): Honored for excellence in PR and business leadership.
• Khaleej Times Recognition (2022): Acknowledged as the Most Followed Indian Media Strategist.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

ECL Finance appoints Ajay Khurana as Managing Director

• ECL Finance, a subsidiary of Edelweiss Group, has appointed Ajay K Khurana as its Managing Director, effective April 1, 2025.
• With over 40 years of experience in banking and financial services, Mr. Khurana brings expertise in consumer banking, risk management, and digital transformation.
• He has played key roles in Bank of Baroda, where he helped strengthen its market position, as well as Syndicate Bank and Vijaya Bank, where he led growth and operational improvements.
• He has also served on the boards of National Payments Corporation of India (NPCI) and Indo Zambia Bank.
• As Chairman of Baroda Global Shared Services and Baroda Sun Technologies, he spearheaded technological advancements, streamlined banking operations, and enhanced the customer experience.
• At ECL Finance, Mr. Khurana will focus on expanding the MSME (Micro, Small, and Medium Enterprises) segment, driving innovation and operational efficiency, and integrating advanced technologies to improve financial solutions for underserved businesses in India.
• His leadership is expected to strengthen ECL Finance’s market presence and advance its digital initiatives.

National Payments Corporation of India names Sohini Rajola as Executive Director – Growth

• The National Payments Corporation of India (NPCI) has appointed Sohini Rajola as Executive Director – Growth to strengthen its senior leadership team.
• In her new role, Rajola will drive the adoption of NPCI’s payment solutions, focusing on product enhancement, business development, strategic alliances, and innovative marketing initiatives.
• She will collaborate with banking institutions, fintech firms, government bodies, and regulatory authorities to further NPCI’s mission of advancing digital payments in India.
• Rajola brings over two decades of experience in payments and banking, having previously served as Asia Pacific Regional Head at Western Union.
• She has also held leadership positions as Digital Banking Head and Cards Head at Axis Bank.
• With her appointment, NPCI aims to accelerate the growth and adoption of digital payments across India, reinforcing its position as a pioneer in the country’s fintech ecosystem.

About NPCI:

• Headquarters: Mumbai, Maharashtra, India
• Founded: 2008
• CEO: Dilip Asbe
• Key Initiatives: Unified Payments Interface (UPI), Immediate Payment Service (IMPS), RuPay (domestic card payment network), Bharat Bill Payment System (BBPS), Aadhaar Enabled Payment System (AePS)

Poonam Gupta: Reserve Bank of India’s first woman deputy governor in 14 years, eminent economist

• The central government has approved the appointment of Poonam Gupta as the new Deputy Governor (DG) of the Reserve Bank of India (RBI), succeeding Michael Patra, who served from January 2020 to 2025.
• She is the first female DG at the RBI in nearly 14 years.

Key Highlights:

• Gupta is only the fourth woman DG in RBI’s history, following KJ Udeshi (2003-2005), Shyamala Gopinath (2004-2009), and Usha Thorat (2005-2010).
• The RBI has never had a female governor since its establishment in 1935.
• In 2021, Gupta became the first woman to lead the National Council of Applied Economic Research (NCAER), a premier New Delhi-based economic think tank.
• She is also a member of the Economic Advisory Council to the Prime Minister.
• Gupta has over two decades of experience in economic research, academia, public policy, and advocacy.
• She previously worked at the World Bank Group, rising from senior economist to lead economist for India and later leading global macro and market research at the International Finance Corporation (IFC).
• Her academic background includes roles at Hansraj College, Hindu College, University of Maryland, IMF European Department, ICRIER, and Delhi School of Economics.
• She was also the RBI Chair Professor at NIPFP (2011-2013).
• Economists believe Gupta holds a dovish stance on monetary policy, potentially supporting rate cuts.
• In a recent opinion piece, she argued that moderate inflation of 4.8% does not necessarily harm growth and suggested a review of India’s inflation targeting framework.
• She advocated for a more updated Consumer Price Index (CPI) basket, better inflation forecasting, and improved monetary policy transmission.

Government appoints S Raman as new chairman of Pension Fund Regulatory and Development Authority (PFRDA).

• S Raman, Deputy Comptroller and Auditor General has been appointed as chairman of pension fund regulator PFRDA by the government.
• Raman would replace incumbent Deepak Mohanty, whose term ends in May 2025.
• The Appointments Committee of the Cabinet (ACC), according to an April 1, 2025 government notification, cleared the appointment of Deputy Comptroller and Auditor General Sivasubramanian Raman as chairman of the Pension Fund Regulatory and Development Authority (PFRDA).
• The statement stated that the ACC has approved his appointment for a term of five years or till he attains the age of 65 years.
• Raman, who is currently serving as Deputy CAG, is a 1991 batch officer of the Indian Audit & Accounts Service (IA&AS).
• He has served as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI) for three years between 2021 and 2024.
• Before joining SIDBI, he was MD and CEO of National e-Governance Services Limited (NESL).
• Before joining NESL, Raman served as Principal Accountant General (Audit) in Ranchi, Jharkhand during 2015-2016.
• He also served as Chief General Manager and later as Executive Director in SEBI between 2007 and 2013.

Chennai Petroleum Corporation Limited (CPCL) New Managing Director Shri H Shankar assumed the charge

• H Shankar has been appointed as the Managing Director (MD) of Chennai Petroleum Corporation Limited (CPCL), a subsidiary of Indian Oil Corporation Limited (IOCL).
• The Appointments Committee of the Cabinet (ACC) approved his appointment, and he officially assumed the role on April 1, 2025.
• Shankar previously served as the Director (Technical) at CPCL and had been holding additional charge as MD since July 16, 2024.
• According to the Department of Personnel & Training (DoPT), his tenure as MD will continue until his superannuation on March 31, 2029, or until further orders.
• With over three decades of experience in the petroleum and refining sector, Shankar has played a key role in technological advancements and operational efficiencies at CPCL.
• His leadership comes at a crucial time as CPCL is focused on expanding its refining capacity and strengthening its role in India’s energy security.
• Shankar holds a Mechanical Engineering degree and an MBA in General Management, providing him with expertise in business management, strategic planning, and leadership.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

Google launches AI-powered FireSat satellite, will help control forest fires

• Google has launched the AI-powered satellite FireSat to address forest fires, providing timely warnings to prevent their spread.
• The satellite was placed in space a few days ago aboard a SpaceX launch vehicle.
• Google’s CEO Sundar Pichai thanked Elon Musk’s SpaceX for supporting this major initiative.
• FireSat is designed to detect wildfires early and issue alerts every 20 minutes.
• It was developed in collaboration with Earth-Fire Alliance, Gordon & Betty Moore Foundation, and Muon Space.
• org has allocated $13 million (Rs 108 crore) for the FireSat constellation.
• The satellite uses an advanced AI system to analyze historical fire incidents and weather conditions to predict potential wildfire outbreaks.
• The satellite approach replaced earlier plans for high-altitude drones after SpaceX’s support made satellite deployment more affordable.
• FireSat aims to prevent wildfires from spreading, reducing environmental damage and economic losses.
• The technology was developed following major wildfires in California that caused extensive destruction.
• By leveraging AI-driven space technology, Google hopes to revolutionize wildfire detection and improve global disaster response efforts.

CURRENT AFFAIRS: MOUS AND AGREEMENT

India-Australia Economic Cooperation and Trade Agreement Celebrates 3rd Anniversary of Signing

• The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) marks its third anniversary, highlighting its impact on strengthening economic ties between the two nations.

Key Highlights:

• Signed on April 2, 2022, the agreement has fostered trade growth, benefiting businesses, entrepreneurs, and employment
• Since its implementation, bilateral trade reached USD 24 billion in 2023-24, reflecting a 14% rise in India’s exports to Australia compared to 2022-23.
• The upward trend continues, with exports increasing by 4.4% during April 2024-February 2025 compared to the same period in the previous year.
• The ECTA has facilitated growth in sectors like textiles, pharmaceuticals, chemicals, and agriculture.
• New export lines, including Calcined Petroleum Coke, High-Capacity Diesel Generating Sets, and Air Liquefaction Machinery, highlight emerging trade opportunities.
• Electronics and engineering sectors also show significant potential for future expansion.
• Imports of essential raw materials, such as metalliferous ores, cotton, and wood, have supported Indian industries, reinforcing the complementary nature of the partnership.
• As the ECTA completes three years, India and Australia reaffirm their commitment to strengthening economic collaboration, ensuring sustained growth and mutual prosperity in the global economy.

Recent news

• India and Australia have agreed to strengthen their defence cooperation and interoperability across the maritime, land, and air domains. The discussions took place during the 9th India-Australia Defence Policy Talks in New Delhi on March 17, 2025.

Bharti Airtel & Nokia deepen core network tie-up to accelerate new 5G service delivery

• The Nokia-Bharti Airtel partnership is expanding with the deployment of Nokia’s Packet Core appliance-based and Fixed Wireless Access (FWA) solutions to enhance network performance for Airtel’s growing 4G/5G customer base.
• This solution will integrate 5G and 4G technologies into a single set of servers, boosting home broadband and enterprise-critical applications.
• Airtel will leverage Nokia’s automation framework for zero-touch service launch and efficient lifecycle management, reducing network operational costs while accelerating new service delivery.
• Using Nokia’s converged Packet Core solution for 5G standalone (SA) readiness, Airtel will simplify network architecture, optimize its hardware footprint, and lower cost per bit.
• The multi-year rollout spans most of Airtel’s service regions, focusing on network automation and integrating GenAI for service orchestration and assurance.
• Nokia’s solution offers a modular server-based configuration for flexible business deployment models, enabling new customer acquisition and revenue streams.
• Additionally, Nokia’s Packet Core for FWA expands home broadband and enterprise application capacities.
• Nokia has a strong core presence in Airtel’s network, supplying VoLTE, HSS, HLR, UDM, VoNR, and MANO (automated Management & Orchestration)

About Bharti Airtel

• Headquartered in India, Airtel serves 550 million customers across India and Africa.
• It ranks among the top three global mobile operators, offering 4G/5G broadband, streaming services, digital payments, cybersecurity, IoT, and cloud-based communication solutions.

CURRENT AFFAIRS: RANKING AND INDEX

Mumbai ranks lowest among Indian cities in fixed broadband speed: Ookla’s Speedtest Global Index

• Mumbai ranked 123rd out of 200 cities in fixed broadband speed, making it the lowest-performing Indian city in February 2025, according to Ookla’s Speedtest Global Index.
• India’s global rank slipped from 94 to 95 since January 2025. Delhi performed significantly better, ranking 89th.
• India’s overall download speed has declined from 64.45 Mbps (April 2024) to 61.66 Mbps (Feb 2025).
• Upload speed has shown improvement, rising from 54.44 Mbps (Feb 2024) to 57.89 Mbps (Feb 2025).

Speed Comparison:

City	Rank	Download Speed (Mbps)	Upload Speed (Mbps)	Latency (ms)
Mumbai	123	58.24	56.30	5
Delhi	89	91.11	88.16	5
India (Overall)	95	61.66	57.89	7

Challenges for Fixed Broadband in Mumbai

• Difficult Terrain & High Population Density: Mumbai’s urban landscape makes infrastructure expansion challenging.
• Right of Way (RoW) Issues: Municipal and local body approvals slow down broadband expansion.
• Complex Architecture: Unlike planned high-rise cities, Mumbai’s mix of slums, old buildings, and high-rises complicates fiber-optic deployment.

CURRENT AFFAIRS: SPORTS NEWS

Indian equestrian athlete,Niharika Singhania Wins Gold at Azelhof CSI Lier Equestrian Competition

• Indian equestrian athlete, Niharika Singhania, secured first place at the prestigious Azelhof CSI Lier equestrian competition in Belgium.
• Competing against international riders, she displayed exceptional skill, determination, and composure, bringing pride to India on the global stage.

Key Highlights

1. Event Details

• Competition: Azelhof CSI Lier (CSI2*-1*- YH – LIER – Spring Tour)
• Location: Belgium
• Dates: March 25 – March 30, 2025
• Horse: Hotese Charboniere (Owned by Sabine Locquet)

2. Performance & Results

• March 25: Competed in the Two-Phases Special, finishing with penalty points of 40.72 and 40.34.
• March 29: Participated in the Show Jumping event, finishing with 61.94 penalty points.
• March 30 (Final Day): Clinched Gold in the Two-Phase Special, recording 34.48 and 31.95 penalty points.

India’s Stellar Performance at the 2025 Senior Asian Wrestling Championship

• India concluded its campaign at the 2025 Senior Asian Wrestling Championship in Amman, Jordan, with an impressive 10-medal haul, showcasing its strength in freestyle wrestling.
• The tournament highlighted both seasoned champions and emerging talents on the continental stage.

Key Highlights

1. India’s Wrestling Contingent

• Total Members: 30 (10 Women, 10 Men in Freestyle, 10 Men in Greco-Roman)
• Notable Wrestlers: Antim Pangal, Reetika Hooda, Mansi Lather

2. Medal Winners

Gold Medal (1)

• Manisha Bhanwala – Women’s 62kg

Silver Medals (3)

• Reetika Hooda – Women’s 76kg
• Udit – Men’s Freestyle 61kg
• Deepak Punia – Men’s Freestyle 92kg

Bronze Medals (6)

• Antim Pangal – Women’s 53kg
• Mansi Lather – Women’s 68kg
• Muskan – Women’s 59kg
• Dinesh – Men’s Freestyle 125kg
• Dinesh Kumar – Men’s Greco-Roman 87kg
• Nitesh – Men’s Greco-Roman 97kg

About United World Wrestling (UWW)

• Governing Body for Wrestling Worldwide
• Headquarters: Corsier-sur-Vevey, Switzerland
• President: Nenad Lalovic

Francesco Bagnaia Wins Grand Prix of the Americas as Marc Marquez Crashes on Lap Nine

• The Grand Prix of the Americas delivered an action-packed race as Francesco Bagnaia secured victory after Marc Marquez crashed out on lap nine.
• The race, held at the Circuit of the Americas (COTA), witnessed Ducati’s dominance, with Alex Marquez finishing second and Fabio Di Giannantonio securing third place.
• This win marked Ducati’s 20th consecutive grand prix victory, moving them closer to Honda’s record of 22.

Key Highlights

1. Marc Marquez’s Strong Start

• The six-time MotoGP champion led from the beginning after excelling in sprints and main races in Thailand, Argentina, and Austin.

2. Francesco Bagnaia’s Rise

• Starting from sixth place, Bagnaia swiftly climbed the ranks, securing second position within eight laps.

3. Unexpected Crash

• Marc Marquez crashed on lap nine after touching a kerb, dropping to 18th place before eventually retiring from the race.

4. Ducati’s Dominance

• Alex Marquez finished second, overtaking his brother Marc in the riders’ standings by one point.
• Fabio Di Giannantonio secured third, adding to Ducati’s impressive performance.

5. Historic Ducati Milestone

• Bagnaia’s victory marked Ducati’s 20th consecutive grand prix win, bringing them just two wins away from Honda’s record of 22.

CURRENT AFFAIRS: IMPORTANT DAYS

International Day for Mine Awareness 2025: April 4

• International Day for Mine Awareness 2025 is observed all over the world on April 4^th, 2025.
• The theme for the 2025 observance is “Safe Futures Start Here.”
• The day aims to increase awareness about landmines and progress toward their eradication.
• “Mine action” refers to a range of efforts to get rid of landmines and explosive remnants of war and to mark and fence off dangerous regions.

History

• The General Assembly on 8 December 2005 declared that each year on 4 April would be officially proclaimed and observed as the International Day for Mine Awareness and Assistance in Mine Action.
• It was first observed on 4 April 2006.
• The continued efforts by states, assistance from the UN, and relevant organizations, to help establish and develop national mine-action capacities in countries where mines and explosives war remnants constitute a serious threat to the safety, health, and lives of people or hinder social and economic development at national and local levels.

Daily CA One- Liner: April 4

• The 62nd National Maritime Day and Merchant Navy Week were officially inaugurated by Maharashtra Governor C P Radhakrishnan at Raj Bhavan, Mumbai, on April 5, 2024
• HDFC Bank, IDFC First Bank, and Stock Holding Securities IFSC Ltd have been designated as corporate agents in GIFT City.
• Nikhil Singhal, a distinguished media strategist, Founder of Vigor Media Worldwide, and President of the Noida High Rise Federation, has been conferred with the prestigious Uttar Pradesh Anmol Ratan Award
• The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) marks its third anniversary, highlighting its impact on strengthening economic ties between the two nations
• The Nokia-Bharti Airtel partnership is expanding with the deployment of Nokia’s Packet Core appliance-based and Fixed Wireless Access (FWA) solutions to enhance network performance for Airtel’s growing 4G/5G customer base.
• Mumbai ranked 123rd out of 200 cities in fixed broadband speed, making it the lowest-performing Indian city in February 2025, according to Ookla’s Speedtest Global Index
• Indian equestrian athlete, Niharika Singhania, secured first place at the prestigious Azelhof CSI Lier equestrian competition in Belgium.
• India concluded its campaign at the 2025 Senior Asian Wrestling Championship in Amman, Jordan, with an impressive 10-medal haul, showcasing its strength in freestyle wrestling.
• The Grand Prix of the Americas delivered an action-packed race as Francesco Bagnaia secured victory after Marc Marquez crashed out on lap nine.
• Federal Bank has launched its latest credit card product, Fed StarBiz, specifically for business customers.
• Moody’s Ratings has upgraded Muthoot Finance Limited’s long-term corporate family rating from Ba2 to Ba1, maintaining a stable outlook.
• Securities and Exchange Board of India (SEBI) has allowed investment advisers (IAs) and research analysts (RAs) to charge advance fees for up to one year.
• The Financial Year (FY) 2025-26 has begun with a downturn for fixed deposit (FD) rates, as HDFC Bank, Yes Bank, and Bandhan Bank have revised their interest rates ahead of the RBI’s Monetary Policy Committee (MPC) meeting scheduled for April 7-9, 2025.
• ECL Finance, a subsidiary of Edelweiss Group, has appointed Ajay K Khurana as its Managing Director, effective April 1, 2025.
• The National Payments Corporation of India (NPCI) has appointed Sohini Rajola as Executive Director – Growth to strengthen its senior leadership team.
• The central government has approved the appointment of Poonam Gupta as the new Deputy Governor (DG) of the Reserve Bank of India (RBI), succeeding Michael Patra, who served from January 2020 to 2025.
• S Raman, Deputy Comptroller and Auditor General has been appointed as chairman of pension fund regulator PFRDA by the government.
• H Shankar has been appointed as the Managing Director (MD) of Chennai Petroleum Corporation Limited (CPCL), a subsidiary of Indian Oil Corporation Limited (IOCL).
• Google has launched the AI-powered satellite FireSat to address forest fires, providing timely warnings to prevent their spread.
• International Day for Mine Awareness 2025 is observed all over the world on April 4^th, 2025.