Banking Current Affairs

India's National Data Governance Framework Policy aims to facilitate sharing of government and private data to foster AI research and innovation within India.

Article 368 requires a special majority: more than 50% of total membership AND at least 2/3 of members present and voting in each House of Parliament.

India's CPI inflation dropped to around 3.6% in early 2025, below RBI's 4% medium-term target, influenced by falling food prices.

According to the India State of Forest Report 2023, India's total forest and tree cover is about 21.76% of its total geographical area.

India and China announced a disengagement agreement in October 2024, allowing patrolling to resume at Depsang and Demchok friction points after a 4-year standoff.

PMJDY (launched 2014) aims to ensure financial inclusion by providing universal access to banking, insurance, and pension services to all Indians, especially the unbanked.

BJP won the February 2025 Delhi elections, defeating AAP. Rekha Gupta became Delhi's Chief Minister.

BJP won the Delhi Assembly Elections in February 2025, ending AAP's decade-long rule. Rekha Gupta was sworn in as Chief Minister.

The DPDP Act 2023 designates persons below 18 as 'children' and requires verifiable parental consent before their personal data can be processed.

India's Digital Personal Data Protection (DPDP) Act was enacted in August 2023, establishing a framework for processing digital personal data with consent and accountability.

Article 370, which granted special autonomous status to Jammu & Kashmir, was abrogated on August 5, 2019. J&K was reorganised into two Union Territories: J&K and Ladakh.

The GST Council is chaired by the Union Finance Minister, with Finance Ministers of all states as members. It decides GST rates, exemptions, and procedural matters.

Reliance Jio and Bharti Airtel were the first operators to commercially launch 5G services in India in October 2022, starting with major cities.

India has 85 Ramsar sites (3rd highest globally), but the UK and Bolivia have more. The UK leads globally in number of Ramsar sites.

India has 85 Ramsar sites as of 2025, the highest in Asia and third highest globally, covering significant wetland ecosystems.

Budget 2025-26 made the new tax regime more attractive (zero tax up to Rs 12 lakh) but did NOT abolish the old regime — both coexist and taxpayers can choose.

Budget 2025-26 announced that individuals with annual income up to Rs 12 lakh would pay zero income tax under the new tax regime, a major relief for the middle class.

The Rajya Sabha has a maximum strength of 250 members — 238 elected by State/UT legislatures and 12 nominated by the President for their expertise.

India's 2022 tiger census recorded approximately 3,167 tigers — the highest in the world — a success of Project Tiger launched in 1973.

India successfully tested Agni-V with Multiple Independently Targetable Re-entry Vehicle (MIRV) capability under 'Mission Divyastra' in March 2024.