Daily Current Affairs March 26th 2025 | Latest News | Download PDF

By Ameena Ameena - Mar 26 2025

Dear Readers, get to know the daily current affairs today covering all the National & International Events provided here in this article. Current Affairs is an important topic in various competitive exams like IBPS/SBI/PO/Clerk and other competitive exams. To score better in this section, be updated with the daily happenings. Check the Daily Current Affairs March 2025 updates here. Revision is very important in remembering current affairs. Candidates after learning the Daily current affairs March 26th 2025, can test their knowledge by attempting Current Affairs Quiz provided with answers. Daily current affairs March 26th 2025 covers current affairs from International & National news, Important Days, State News, Banking & Economy, Business News, Appointments & Resignation, Awards & Honour, Books & Authors, Sports News, etc.,

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CURRENT AFFAIRS: BANKING & FINANCE

Government launches BAANKNET, e-BKray to enhance PSU bank e-auctions for Non-Performing Assets sales

  • To increase sale value from bank e-auctions, the Department of Financial Services (DFS) urged Public Sector Banks (PSBs) to revamp their e-auction platforms.
  • The e-BKray platform was launched on 28th February 2019.
  • On 3rd January 2025, the government introduced BAANKNET, an upgraded e-auction portal.
  • All 12 Public Sector Banks (PSBs) and the Insolvency and Bankruptcy Board of India (IBBI) are using BAANKNET for listing and auctioning properties across India.

Key Features of BAANKNET:

  • State-of-the-Art Platform – Advanced e-auction system for banks to recover Non-Performing Assets (NPAs)
  • Robust Architecture – Web and mobile accessibility for seamless interaction.
  • Automated KYC & Secure Payments – Integrated Know Your Customer (KYC) tools and secure payment gateways ensure transparency.
  • Comprehensive Listings – A one-stop solution from property search to sale across India.
  • Simplified Navigation – User-friendly interface for easy property search and bidding.
  • Smart Auctions & Fair Pricing – AI-powered mechanisms to ensure competitive pricing.
  • Transparency & Seamlessness – Enhances stakeholder trust in property transactions.
  • Bank Verified Titles – All property titles are verified by banks, ensuring authenticity and reliability.

Significance:

  • Accelerates NPA recovery for banks.
  • Boosts transparency and efficiency in property auctions.
  • Encourages investor confidence in acquiring distressed assets.

About Ministry of Finance:

  • Cabinet Minister: Smt. Nirmala Sitharaman
  • Minister of State (MoS): Shri Pankaj Chaudhary, Dr. Bhagwat Kishanrao Karad

Central Depository Services (India) Limited’s arm inks pact with Life Insurance Corporation of India (LIC) to provide Insurance Repository services

  • Centrico Insurance Repository (CIRL), a subsidiary of Central Depository Services (India) Ltd. (CDSL), has entered into an agreement with Life Insurance Corporation of India (LIC).
  • CIRL will provide Insurance Repository (IR) services to LIC under their Request for Proposal (RFP) process.
  • Policyholders will benefit from IR services and enhanced value-added features periodically.
  • CIRL has partnerships with 43 insurance companies, including 23 life insurance companies, to provide IR services across India.
  • The partnership with LIC, India’s largest life insurer, enhances CIRL’s opportunities to develop services for policyholders nationwide.

Shareholding Structure:

  • LIC holds 4.4% of CDSL’s shareholding and 8.3% in CIRL.
  • CDSL owns a 51% stake in CIRL through direct holding and 3.25% through CDSL Ventures, its wholly owned subsidiary.

Recent News:

  • In February 2025, LIC introduced the ‘One Man Office’ (OMO) to empower its agents with 24×7 digital tools for policy sales, premium payments, loan processing, and customer service.

About Life Insurance Corporation of India (LIC):

  • Headquarters (HQ): Mumbai, Maharashtra, India
  • Chairman: M.R. Kumar
  • Founded: 1956

About CDSL:

  • Central Depository Services (India) Ltd. (CDSL) is one of the two major securities depositories in India, alongside National Securities Depository Limited (NSDL).
  • It was founded in 1999 and operates under the regulatory framework of the Securities and Exchange Board of India (SEBI).

India’s Central bank Reserve Bank of India Revises Priority Sector Lending Guidelines

  • The Reserve Bank of India (RBI) has introduced new PSL guidelines after stakeholder consultations.
  • The revised norms increase loan limits, expand eligibility criteria, and enhance PSL targets to boost credit flow to key sectors.

Major Revisions:

  1. Increase in Loan Limits:
    • Higher limits, including for housing loans, to improve affordable credit access.
    • Aims to strengthen financing opportunities, particularly in the housing sector, which is vital for economic development.
  2. Expansion of Renewable Energy Lending:
    • More projects now qualify under PSL for sustainable finance.
    • Supports green energy initiatives in alignment with India’s long-term environmental goals.
  3. Higher PSL Targets for Urban Cooperative Banks (UCBs):
    • Targets raised to 60% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposures (CEOBSE), whichever is higher.
    • Enhances the role of cooperative banks in funding priority sectors, ensuring financial inclusion.
  4. Expansion of Weaker Sections Eligibility:
    • Removal of the existing cap on loans by UCBs to individual women beneficiaries.
    • Promotes gender equity and greater access to credit for underserved groups.

Recent News:

  • In March 2025, The Reserve Bank of India (RBI) and the National Centre for Financial Education (NCFE) introduced nationwide financial literacy initiatives to enhance financial awareness and inclusion.

About RBI :

  • Established : 1 April 1935
  • Headquarters : Mumbai, Maharashtra, India
  • Governor : Sanjay Malhotra

CURRENT AFFAIRS: NATIONAL NEWS

India’s First Export of Anthurium Flowers from Mizoram to Singapore

  • In a boost to India’s floriculture exports, especially from the North Eastern Region (NER), the first consignment of Anthurium flowers from Aizawl, capital town of Mizoram, has made its way to
  • Stakeholders:
    • Growers:Zo Anthurium Growers Cooperative Society (Aizawl).
    • Exporter:IVC Agrovet Pvt. Ltd.
    • Importer:Veg Pro Singapore Pte. Ltd.
  • Government Support:
    • Joint initiative by APEDA(Agricultural and Processed Food Products Export Development Authority) and Mizoram Horticulture Department.
    • Follows the International Buyer-Seller Meet (IBSM)in Aizawl (December 2024), involving buyers from 9 countries (UAE, Russia, Nepal, etc.).
  • Economic & Cultural Impact:
    • Anthurium farming is a key livelihood sourcefor Mizoram’s farmers, especially women.
    • Mizoram hosts an annual Anthurium Festivalto promote floriculture tourism.
  • India’s Floriculture Exports:
    • $86.62 million(FY 2023–24).
    • This export boosts NER’s (North East Region)potential in global floriculture markets.

India Levies Anti-Dumping Duty on 5 Chinese Products to Safeguard Local Markets

  • To protect domestic industries from the influx of cheap imports, India has imposed anti-dumping duties on 5 Chinese products, including vacuum flasks and aluminium foil.
  • These levies, based on the Directorate General of Trade Remedies’ (DGTR) recommendations, aim to ensure fair competition and safeguard local manufacturers.

Key Highlights:

  1. Products Targeted & Duty Impositions
  • Soft Ferrite Cores(used in EVs, telecom): Up to 35% duty on CIF value.
  • Vacuum Insulated Flasks: $1,732 per tonne.
  • Aluminium Foil: Provisional duty up to $873/tonne(valid for 6 months).
  • Trichloro Isocyanuric Acid(water treatment chemical): 276–276–986/tonne.
  • PVC Paste Resin: 89–89–707/tonne(imports from China, Korea, Malaysia, Norway, Taiwan, Thailand).
  1. Regulatory Authority & Legal Basis
  • Enforced by CBIC (Central Board of Indirect Taxes and Customs).
  • Aligns with WTO rulesagainst unfairly priced imports (“dumping”).
  • Duties typically valid for 5 years(provisional measures for 6 months).
  1. Objective
  • Protect domestic industriesfrom cheap imports sold below fair market value.
  • Address trade imbalance(e.g., India-China trade deficit hit $85 billion in 2023–24).
  1. India’s Broader Anti-Dumping Strategy
  • Frequent targets: Chinese imports(major source of low-cost goods).
  • Probe Process:
    1. Investigate if imports harm local producers.
    2. Impose duties if dumping is confirmed.
  • Goal: Ensure a level playing fieldfor Indian manufacturers.
  1. Impact & Context
  • Trade Tensions: Measures reflect India’s pushback against market distortions.
  • Global Precedent: Common practice among WTO members (e.g., EU, USA also impose anti-dumping duties).

Yuge Yugeen Bharat National Museum – A Landmark Cultural Initiative

  • The North and South Blocks in New Delhi are set to house the new national museum, named as Yuge Yugeen Bharat National Museum.
  • Objective:To showcase India’s thousands-year-old civilizational and cultural heritage, linking the past, present, and future.
  • Initiative:Part of the Central Vista Redevelopment Project.
  • International Collaboration:
    • Agreement signed (19th December 2024) with France Museums Developmentfor technical cooperation.
  • Current Status:
    • Feasibility studyunderway—timeline and budget will be finalized afterward.
  • Vision:A modern, world-class museum celebrating India’s timeless legacy while envisioning a progressive future.

CURRENT AFFAIRS: STATE NEWS

Haryana Launches AI Chatbot ‘Sarathi’ for Citizen Services 

  • The Haryana government has introduced ‘Sarathi’, an AI-powered chatbot, to facilitate citizens’ direct access to government documents and policies.
  • Launched by Chief Minister Nayab Singh Saini, the initiative is part of Haryana’s digital governance strategy.

Key Features:

  • Instant Document Retrieval: Provides immediate access to official policies, notifications, and circulars.
  • AI-Powered Search: Processes 17,820 official documents from a database of 73,622 scanned PDF pages.
  • 24/7 Availability: Accessible anytime for public convenience.
  • User-Friendly Interface: Designed for seamless navigation.

Impact on Governance & Public Services:

  • Reduces bureaucratic delays by eliminating manual searches.
  • Enhances transparency in government operations.
  • Boosts administrative efficiency by integrating AI for instant data retrieval.

About Haryana:

  • Chief Minister: Nayab Singh Saini
  • Governor: Bandaru Dattatreya
  • Capital: Chandigarh
  • National Parks: Sultanpur National Park, Kalesar National Park
  • Wildlife Sanctuaries: Bhindawas Wildlife Sanctuary, Kalesar Wildlife Sanctuary, Nahar Wildlife Sanctuary

Darjeeling Zoo in West Bengal First in India to Launch Cryogenic Preservation of Wildlife DNA

  • The Padmaja Naidu Himalayan Zoological Park in Darjeeling, West Bengal has become the first zoo in the country to preserve DNA samples of more than 60 varieties of wildlife found exclusively in the snowy Himalayan terrains.
  • These include tissues from red pandas, snow leopards and other indigenous species that were killed either in road accidents or in captivity.
  • ThisDarjeeling zoo is spread across 8 acres and at an altitude of 7050 ft, it is India’s highest-altitude Zoological Park.
  • The zoo is collaborating with the Center for Cellular and Molecular Biology, Hyderabad for this cryogenic conservation initiative.
  • The aim is to preserve genetic material for species facing extinction so that it can aid in future research and conservation efforts.
  • The project started in 2023 and a dedicated laboratory has been set up inside the zoo where DNA samples are stored in steel containers filled with liquid nitrogen at freezing temperatures.

About West Bengal:

  • Chief Minister: Mamata Banerjee
  • Governor: C. V. Ananda Bose
  • Capital: Kolkata
  • National Parks: Sundarbans National Park, Jaldapara National Park, Buxa National Park, Gorumara National Park, Neora Valley National Park
  • Wildlife Sanctuaries: Sajnekhali Wildlife Sanctuary, Bibhutibhushan Wildlife Sanctuary, Bethuadahari Wildlife Sanctuary, Ballavpur Wildlife Sanctuary, Haliday Island Wildlife Sanctuary

West Bengal Police Launch Mobile App to Make Transfers Transparent

  • The West Bengal police have launched a mobile application which can be used by police personnel while applying for their transfers.
  • A substantial section of the Police department staff starting from the ranks of constable to Sub-inspector can apply for these transfers through the e-HRMS software.
  • The deadline for transfer requests through the app will end on 11 April, 2025.
  • Those police staff who have already applied for transfer before 21 March will need to make a fresh application through the app only.
  • Only those with special medical contingencies can apply throughout the year.
  • The mobile app was launched to ensure transparency in the whole transfer process.
  • There were allegations that some officers were asking for financial benefits in exchange for transfer postings.
  • The DIG (Administration) of West Bengal Police have asked every district police unit to set up a help desk that would assist the police staff in using the application software.
  • This application is in line with the Utsasree app launched by the West Bengal government earlier to process the transfers of teachers to avoid allegations of bribery and nepotism.

Kerala Becomes First Indian State To Establish Senior Citizens Commission

  • Kerala, is the first state in India to set up such a commission for senior citizens.

About Senior Citizens Commission:

  • A statutory bodyestablished under the Kerala State Senior Citizens Commission Act, 2025.
  • It will safeguard the rights and welfareof elderly citizens and act as an advisory body for policymaking.
  • Aim of the Commission:
    • To ensure the rehabilitation, protection, and empowermentof senior citizens.
    • Promote active participationof senior citizens in building a progressive and inclusive Kerala.

Recent News:

  • In February 2025, The Government of Kerala launched Nayanamritham 2.0, the world’s first AI-assisted eye screening program for chronic diseases

About Kerala:

  • Chief Minister: Pinarayi Vijayan
  • Governor: Rajendra Vishwanath Arlekar
  • Capital: Thiruvananthapuram
  • National Parks: Eravikulam National Park, Periyar Wildlife Sanctuary, Silent Valley National Park, Parambikulam Tiger Reserve
  • Wildlife Sanctuaries: Wayanad Wildlife Sanctuary, Idukki Wildlife Sanctuary, Chilika Lake Wildlife Sanctuary

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Department of Economic Affairs Secretary Ajay Seth replaces Tuhin Kanta Pandey as New Finance Secretary

  • Ajay Seth, Secretary of the Department of Economic Affairs (DEA), has been appointed as India’s new Finance Secretary.
  • The appointment was confirmed by an official Personnel Ministry order.
  • Tuhin Kanta Pandey, the former Finance Secretary, has been appointed as the Chairperson of the Securities and Exchange Board of India (SEBI).
  • Pandey succeeded Madhabi Puri Buch, who completed her tenure as SEBI’s first woman chairperson on February 28, 2025.

About Ajay Seth:

  • A 1987-batch IAS officer from the Karnataka cadre.
  • Currently serving as Secretary, Department of Economic Affairs (DEA).
  • Recently given additional charge as Secretary, Department of Revenue.
  • Brings vast experience in economic and financial policy formulation.

S.K. Majumdar Appointed as Canara Bank’s New Executive Director

  • S.K. Majumdar has been appointed as Executive Director of Canara Bank, effective March 24, 2025.
  • The appointment was officially notified by the Ministry of Finance, Department of Financial Services.

Professional Background:

  • Over 25 years of experience in the banking sector.
  • Previously served as Chief Financial Officer (CFO) of Canara Bank.
  • Holds qualifications as a Chartered Accountant (CA) and Cost Accountant.
  • Joined Canara Bank in January 2000, excelling in corporate credit, treasury operations, and governance.

Key Contributions & Future Prospects:

  • Played a crucial role in financial strategy and regulatory compliance as CFO.
  • His appointment highlights Canara Bank’s focus on leadership development and governance.
  • Expected to drive operational excellence and long-term growth amid a competitive financial landscape.

Rahul Bhave Appointed as Industrial Finance Corporation of India’s New Managing Director & Chief Executive Officer

  • Rahul Bhave has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of Industrial Finance Corporation of India Ltd.
  • His tenure will be for three years, as per the government order approved by the Appointments Committee of the Cabinet (ACC), chaired by the Prime Minister.
  • Bhave previously served as Deputy Managing Director at IFCI Ltd.

Professional Background:

  • Over two decades of experience in the financial sector.
  • Previously held key positions at Canara Bank, National Housing Bank, and India Mortgage Guarantee Corporation Private Limited.
  • Expertise in risk management, financial restructuring, and strategic operations.

IFCI Group Consolidation Initiative:

  • The government has approved a major restructuring plan to streamline IFCI Ltd’s operations.
  • Key Mergers:
    • StockHolding Corporation of India Ltd, IFCI Factors Ltd, IFCI Infrastructure Development Ltd, and IIDL Realtors Ltd will be merged into IFCI Ltd.
    • Subsidiaries such as StockHolding Services Ltd, IFCI Financial Services Ltd, IFIN Commodities Ltd, and IFIN Credit Ltd will be consolidated into a single entity operating as a direct subsidiary of IFCI.
    • Other entities like StockHolding Document Management Services Ltd, StockHolding Securities IFSC Ltd, IFIN Securities Finance Ltd, IFCI Venture Capital Funds Ltd, and MPCON Ltd will remain direct subsidiaries of the consolidated listed entity.

About IFCI:

  • It was established in 1948 as a statutory corporation to provide long-term finance to industries.
  • IFCI is a non-banking financial company (NBFC) that is regulated by the Reserve Bank of India (RBI).

Airtel’s Gopal Vittal elected as Global System for Mobile Communications Association chairman

  • Gopal Vittal, Vice Chairman and Managing Director of Bharti Airtel, has been elected as Chairman of the Board of the Global System for Mobile Communications Association (GSMA).
  • He is the second Indian to hold this position, following Sunil Mittal.
  • Vittal took over as Acting Chair in February 2024 after the resignation of José Maria Álvares-Pallete, Chairman & CEO of Telefónica.
  • Before this role, he was Deputy Chair of GSMA and had previously served as a board member during 2019-2020.
  • His term as Chairman will continue until the end of 2026.

Significance of GSMA & Vittal’s Role:

  • GSMA represents over 1,100 companies from the global telecom ecosystem, including:
    • Telecom service providers
    • Handset and device manufacturers
    • Software companies
    • Equipment providers
    • Internet companies and adjacent industry organizations
  • Vittal emphasized the mobile industry’s contribution of $6.5 trillion to the global economy in 2024, highlighting its role in driving global innovation.

Netumbo Nandi-Ndaitwah sworn in as Namibia’s first female president

  • Netumbo Nandi-Ndaitwah was sworn inas Namibia’s first female president and only the second directly elected female leader in Africa (after Liberia’s Ellen Johnson Sirleaf).
  • She is 72 years old, and won the November 2023 election with 58% of the vote.
  • She is also a longtime loyalist of SWAPO (South West Africa People’s Organisation), which has ruled since Namibia’s independence in 1990.
  • She Joined SWAPO at age 14 when it was a liberation movement fighting South Africa’s apartheid regime.

Challenges Facing Namibia

  1. Economic Inequality & Poverty
    • One of the world’s most unequal countries(Gini coefficient: 59.1 in 2015).
    • Poverty rate expected to remain at 17.2% in 2024(World Bank).
    • Unemployment rose to 36.9% in 2023(from 33.4% in 2018).
  2. Land Ownership Disparities
    • White farmers (1.8% of the population) own 70% of farmland.
    • Nandi-Ndaitwah acknowledges land as a “serious problem” but supports the “willing-buyer, willing-seller”policy (no forced sales).
  3. Economic Diversification
    • Namibia relies on mineral exports (raw materials); she wants more value addition
    • Plans to boost creative industriesand reform education to match economic needs.

Africa’s Female Leaders

  • Only two other womenhave led African nations:
    1. Ellen Johnson Sirleaf (Liberia)– directly elected.
    2. Samia Suluhu Hassan (Tanzania)– assumed office after her predecessor’s death.

About Namibia:

  • Capital: Windhoek
  • Currency: Namibian Dollar (NAD)
  • President: Netumbo Nandi-Ndaitwah

CURRENT AFFAIRS: AWARDS & HONORS

Sangita Kalanidhi Award 2025 – R.K. Shriramkumar Honored by Music Academy

  • Every year, the Music Academy of Madras honours the finest artistes who have dedicated their lives to these traditions, shaping the cultural landscape of the country.
  • The 2025 awards were announced to recognise unique talent in Carnatic music and Bharatanatyam.
  • This year’s Sangita Kalanidhi, the highest honour in Carnatic music, has been conferred upon RK Shriramkumar, a violinist whose artistry has graced the stage for decades.

Key Awardees & Highlights

  1. Sangita Kalanidhi (Highest Carnatic Music Honor)
    • RK Shriramkumar(Violinist)
      • Trained under DK Jayaramanand RK Venkatarama Sastry (Rudrapatnam lineage).
      • Authority on Muthuswami Dikshitar’s compositions(Sangita Sampradaya Pradarsini).
      • Accompanied legends like MS Subbulakshmiand Semmangudi Srinivasa Iyer.
      • Award coincides with Dikshitar’s 250th birth anniversary.
  1. Sangita Kala Acharya (Guru Recognition)
    • Shyamala Venkateswaran(Vocalist) – Early Academy laureate.
    • Thanjavur R Govindarajan(Tavil maestro) – Preserved Nagaswaram-Tavil tradition for 60+ years.
  2. TTK Award
    • Madambi Subramania Namboothiri– Kathakali music stalwart (30+ years at Kerala Kalamandalam).
    • JT Jeyaraaj Krishnan & Jaysri Jeyaraaj Krishnan– Veena duo upholding Dikshitar’s pathanthara.
  3. Musicologist Award
    • Professor CA Sridhara– Scholar expanding academic research on Carnatic music.
  4. Nritya Kalanidhi (Bharatanatyam Excellence)
    • Urmila Sathyanarayana
      • Founder of Natya Sankalpaadance school.
      • Credits her success to gurus, students, and collaborators.
      • Advice to young artists: “Hold on with grit—there’s light after challenges.”

CURRENT AFFAIRS: BOOKS & AUTHOR

“Stumped: Life Behind and Beyond the Twenty-Two Yards” – Syed Kirmani’s Autobiography on Cricket & the 1983 World Cup

  • The book “Stumped”, co-authored by Syed Kirmani, Debashish Sengupta, and Dakshesh Pathak, offers an engaging account of Kirmani’s career and India’s historic 1983 Cricket World Cup victory.
  • It provides insights into Kapil Dev’s iconic 175-run knock against Zimbabwe and Kirmani’s contributions as a legendary wicketkeeper.

Key Highlights:

  • Kapil Dev’s 175 vs Zimbabwe (1983 WC)* saved India from 17/5, taking them to 266/8.
  • His innings remained the highest ODI scoreuntil Maxwell’s 201* in 2023.
  • Syed Kirmani’s 24 in a 126-run 9th-wicket stand* with Kapil was crucial but often overlooked.
  • His wicketkeeping earned him best keeper of the tournament.
  • Kirmani was unaware of India’s collapse—he was eating breakfast when told to pad up.
  • His partnership with Kapil (as bowler-keeper) was legendary (“c Kirmani b Kapil Dev”).
  • Trained using bricks as glovesin his early days, Kirmani became India’s premier keeper against both pace and spin.
  • Post-retirement, he faced financial struggles, including fighting for a benefit match and unfair treatment as an administrator.
  • Teammates like Anil Kumblepraised his discipline (e.g., washing shoelaces), while Gavaskar humorously recalled him walking backwards off planes to manage his hair.
  • His autobiography reveals rare 1983 WC insightsbut suffers from editing flaws (misspelled names, repetitions).
  • Kapil’s knock changed Indian cricket, but Kirmani’s contributions—both in the match and as a keeper—were equally vital to the 1983 triumph.

CURRENT AFFAIRS: MOUs & AGREEMENTS

Competition Commission of India Signs Memorandum of Understandings with Global Regulators for Competition Law Cooperation

  • CCI investigated 35 cartel cases across multiple sectors over the last five financial years (till 03.2025) and Signed MoUs with Egypt, Mauritius, Japan, Brazil, BRICS, Canada, European Commission, Australia, and the U.S. Department of Justice (DOJ) for enforcement cooperation in competition law.
  • 14 Free Trade Agreements (FTAs) signed by India include competition law provisions to prevent anti-competitive activities.

Key Highlights:

  • Regulatory Developments:
    • Lesser Penalty Plus (LPP) Mechanism:
      • Introduced under Competition (Amendment) Act, 2023 and implemented through the CCI (Lesser Penalty) Regulations, 2024.
      • Encourages existing lesser penalty applicants to disclose details of other unknown cartels to receive further penalty reductions.
    • Hub & Spoke Mechanism:
      • Added through Section 3(3) Proviso of the Competition Act, 2002 (Amended in 2023).
      • Expands liability to include enterprises, associations, or individuals indirectly involved in a cartel’s operations.
    • Advocacy & Market Studies:
      • CCI conducted 1,446 advocacy programs over the past five financial years (till 03.2025).
      • Established a research division for trend analysis and detection of anti-competitive activities.

CURRENT AFFAIRS: SPORTS

Chinese Grand Prix 2024: Oscar Piastri Wins as Ferrari Faces Disqualifications

  • Oscar Piastri won the Chinese Grand Prix and his teammate Lando Norris finished second in a dominant race for McLaren, while three drivers – including Lewis Hamilton – were later disqualified.

Key Highlights

  • Winner: Oscar Piastri(McLaren) – Dominated from pole, securing his 3rd career F1 win.
  • McLaren 1-2: Teammate Lando Norrisfinished 2nd, despite brake issues and pressure from George Russell.
  • Key Performances:
    • George Russell(Mercedes): 3rd, ahead of Max Verstappen (Red Bull, 4th).
    • Lewis Hamilton(Ferrari): Initially finished 6th but later disqualified (see below).

Championship Standings After 2 Races

  1. Lando Norris(McLaren) – Leads by 8 pts over Verstappen.
  2. Max Verstappen(Red Bull).
  3. George Russell(Mercedes).
  4. Oscar Piastri(McLaren) – Now 10 pts behind Norris.

Season Outlook

  • McLaren emerges as Red Bull’s strongest challengerwith back-to-back wins (Norris in Australia, Piastri in China).
  • Ferrari’s struggles: Despite Hamilton’s sprint win, race-day DQs dent momentum.

Tribute

  • Pre-race honors for Eddie Jordan, who gave Michael Schumacher his F1 debut.

CURRENT AFFAIRS: IMPORTANT DAYS

Purple Day for Epilepsy 2025: March 26

  • On March 26th of this current year Purple Day of Epilepsy 2025 is observed all over the world.
  • The main objective of celebrating this day is to show empathy towards people suffering from epilepsy and to dispel myths prevalent in society regarding this condition.

What is Epilepsy?

  • Epilepsy is a neurological disorder (a disease of the nervous system) in which abnormal electrical activity in the brain causes seizures.
  • It is a chronic condition that can affect people of any age.

History

  • In 1067-1046 B.C. the earliest known medical texts detailing the signs, symptoms, and types of seizures of what we now know as epilepsy were written.
  • In 460 – 377 B.C.Hippocrates is the first person to suggest epilepsy as a medically treatable disease of the brain
  • In the Mid-1800s, Bromide was first released as an effective medication for controlling seizures.
  • Purple Day was initiated in 2008 by a 9-year-old Canadian girl, Cassidy Megan, who herself had epilepsy.
  • She dedicated this day to raising awareness about epilepsy.
  • The Canadian Epilepsy Association and National Foundation for Epilepsy (NFE) made it a global campaign in
  • In 2017, The Anita Kaufmann Foundation set a Guinness World Record on Purple Day by facilitating the largest ever training session on epilepsy.

Daily CA: One-Liner March 26

  • To increase sale value from bank e-auctions, the Department of Financial Services (DFS) urged Public Sector Banks (PSBs) to revamp their e-auction platforms.
  • Centrico Insurance Repository (CIRL), a subsidiary of Central Depository Services (India) Ltd. (CDSL), has entered into an agreement with Life Insurance Corporation of India (LIC).
  • The Reserve Bank of India (RBI) has introduced new PSL guidelines after stakeholder consultations.
  • In a boost to India’s floriculture exports, especially from the North Eastern Region (NER), the first consignment of Anthurium flowers from Aizawl, capital town of Mizoram, has made its way to Singapore.
  • To protect domestic industries from the influx of cheap imports, India has imposed anti-dumping duties on 5 Chinese products, including vacuum flasks and aluminium foil.
  • The North and South Blocks in New Delhi are set to house the new national museum, named as Yuge Yugeen Bharat National Museum.
  • The Haryana government has introduced ‘Sarathi’, an AI-powered chatbot, to facilitate citizens’ direct access to government documents and policies.
  • The Padmaja Naidu Himalayan Zoological Park in Darjeeling, West Bengal has become the first zoo in the country to preserve DNA samples of more than 60 varieties of wildlife found exclusively in the snowy Himalayan terrains.
  • The West Bengal police have launched a mobile application which can be used by police personnel while applying for their transfers.
  • Kerala, is the first state in India to set up such a commission for senior citizens.
  • Ajay Seth, Secretary of the Department of Economic Affairs (DEA), has been appointed as India’s new Finance Secretary.
  • S.K. Majumdar has been appointed as Executive Director of Canara Bank, effective March 24, 2025.
  • Rahul Bhave has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of Industrial Finance Corporation of India Ltd.
  • Gopal Vittal, Vice Chairman and Managing Director of Bharti Airtel, has been elected as Chairman of the Board of the Global System for Mobile Communications Association (GSMA).
  • Netumbo Nandi-Ndaitwah was sworn inas Namibia’s first female president and only the second directly elected female leader in Africa (after Liberia’s Ellen Johnson Sirleaf).
  • Every year, the Music Academy of Madras honours the finest artistes who have dedicated their lives to these traditions, shaping the cultural landscape of the country.
  • The book “Stumped”, co-authored by Syed Kirmani, Debashish Sengupta, and Dakshesh Pathak, offers an engaging account of Kirmani’s career and India’s historic 1983 Cricket World Cup victory.
  • CCI investigated 35 cartel cases across multiple sectors over the last five financial years (till 03.2025) and Signed MoUs with Egypt, Mauritius, Japan, Brazil, BRICS, Canada, European Commission, Australia, and the U.S. Department of Justice (DOJ) for enforcement cooperation in competition law.
  • Oscar Piastri won the Chinese Grand Prix and his teammate Lando Norris finished second in a dominant race for McLaren, while three drivers – including Lewis Hamilton – were later disqualified.
  • On March 26th of this current year Purple Day of Epilepsy 2025 is observed all over the world.

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