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Daily G.K. - Top Stories

22 Mar 2025

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

Trump Signs Order Aimed at Dismantling US Department of Education

  • Flanked by students and educators, U.S. President Donald Trump signed an executive order intended to essentially dismantle the federal Department of Education, making good on a longstanding campaign promise to conservatives.
  • The order is designed to leave school policy almost entirely in the hands of states and local boards, a prospect that alarms liberal education advocates.
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BUSINESS AND ECONOMY

Former SBI & LIC Chiefs among New Members of IRDAI's Advisory Panel

  • The Insurance Regulatory and Development Authority of India (IRDAI) inducted more members to its Insurance Advisory Committee (IAC) from diverse sectors, including former State Bank of India (SBI) chairman Dinesh Khara. IAC advises the regulator on matters related to insurance regulations.
  • The new members of Insurance Advisory Committee (IAC) include former Life Insurance Corporation (LIC) chairman M. R. Kumar, former SBI chairman Khara, Aditya Birla Capital CEO Vishakha Mulye, Kotak Mahindra Asset Management Company's MD Nilesh Shah and former CMD of General Insurance Corporation Re (GIC) Alice G. Vaidyan. The committee is responsible for advising IRDAI on regulatory matters concerning the insurance industry.

SEBI Partners with DigiLocker to Reduce Unclaimed Assets and Strengthen Investor Protection

  • The Securities and Exchange Board of India (SEBI) partnered with DigiLocker to streamline access to investors' securities holdings and reduce unclaimed assets in the Indian securities market. This initiative enables investors to store and retrieve their demat holdings, mutual fund statements, and Consolidated Account Statements (CAS) through DigiLocker, ensuring seamless access to financial information. Additionally, SEBI introduced a nomination facility that allows investors to appoint legal heirs for smooth asset transition, facilitated by KYC Registration Agencies (KRAs). This move aims to enhance investor protection and financial transparency while minimizing unclaimed assets.

SEBI Reduces Minimum Investment in SSE to Rs. 1,000

  • The Securities and Exchange Board of India (SEBI) reduced the minimum investment amount for Zero Coupon Zero Principal (ZCZP) instruments on the Social Stock Exchange (SSE) from Rs. 10,000 to Rs. 1,000. This decision, based on recommendations from the Social Stock Exchange Advisory Committee, aims to enhance retail participation and increase funding for non-profit organizations (NPOs). The move is expected to channel more capital into sectors such as education and healthcare, strengthening India's social impact investment framework. The change modifies SEBI's previous directive from September 19, 2022, and comes into effect immediately.
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SPORTS

IPL 2025: Major Rule Changes and Their Impact on the Tournament

  • The Board of Control for Cricket in India (BCCI) introduced several key rule changes for IPL 2025 that are expected to significantly impact the dynamics of the tournament.
  • One of the most significant rule changes for IPL 2025 is the revocation of the saliva ban, which was initially implemented during the COVID-19 pandemic as a health and safety measure.
  • To counter the dew factor, which has often given an unfair advantage to teams batting second, the BCCI has introduced a rule that allows the use of a second ball in the second innings of evening games.
  • In matches where dew conditions significantly impact the game, umpires will have the discretion to introduce a new ball after the 11th over of the second innings.
  • The Impact Player rule, which was introduced in IPL 2023, has now been officially extended till 2027. This rule allows teams to make a strategic substitution of one player during a match, providing flexibility in team combinations.

Kirsty Coventry New President of the International Olympic Committee

  • Former Olympic champion swimmer from Zimbabwe, Kirsty Coventry, was elected as the president of the International Olympic Committee (IOC) in Greece, after she received 49 out of the 97 possible votes to win with an overwhelming margin.
  • In the organisation's 130-year history, this is the first time a woman — and an African — has been elected to the all-important post.

Japan Becomes the First Team to Qualify for the 2026 World Cup after Host Nations

  • Japan became the first team to qualify for the 2026 World Cup after beating Bahrain 2-0 at Saitama Stadium.
  • At its eighth successive World Cup, Japan joined co-hosts the United States, Canada and Mexico in the expanded 48-team tournament.
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NATIONAL AFFAIRS

Four-day Symposium 'India 2047: Building a Climate Resilient Future' kick starts in New Delhi

  • The Lakshmi Mittal and Family South Asia Institute and The Salata Institute for Climate and Sustainability at Harvard University, in collaboration with the Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, organised a symposium, 'India 2047: Building a Climate-Resilient Future'. The four-day symposium was held at Bharat Mandapam, New Delhi.
  • Over the period of four days, the symposium addressed four key themes that are central to India's adaptation priorities - climate science and its implications for agriculture and water security, health risks associated with climate change, labour productivity and workforce adaptation, and resilience in the built environment. High-level plenaries, expert roundtables, and technical sessions will explore sector-specific challenges and identify best practices for mainstreaming adaptation across policies and programmes.
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DAYS AND EVENTS

Bihar Diwas

  • Bihar Day or Bihar Diwas is marked on March 22 every year.
  • Bihar Diwas marks the development of the state from the Bengal presidency. The state was shaped on March22, 1912, when the British government partitioned the Bengal Province. Apart from India, it is celebrated in nations including the United States, Canada, Bahrain, Qatar, United Arab Emirates, Germany, Britain (Scotland), Australia, Trinidad and Tobago and Mauritius.

World Water Day

  • World Water Day is celebrated each year on March 22. It aims to raise awareness of billion people living without access to safe water.
  • The idea for this international day goes back to 1992, the year in which the UN Conference on Environment and Development in Rio de Janeiro took place.
  • That same year, the United Nations General Assembly adopted a resolution by which March 22 of each year was declared World Day for Water, to be observed starting in 1993.
  • The theme of World Water Day 2025 is 'Glacier Preservation'.
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AWARDS AND HONOURS

Statue of Unity Sculptor Ram Sutar Conferred with Maharashtra Bhushan Award

  • Renowned sculptor Ram Sutar, best known for designing the Statue of Unity, was honoured with the Maharashtra Bhushan award. The decision was announced by Maharashtra Chief Minister Devendra Fadnavis in the state Legislative Assembly. A selection committee led by Fadnavis finalised Sutar's name for the award.

Tripura Bags SKOCH Award for College Biotech Club Project

  • The Tripura Biotechnology Department bagged the SKOCH award for its college biotech club project, Science, Technology and Environment Minister Animesh Debbarma said.
  • Nearly 400 projects from 27 different states were submitted for the award. The final results were announced after the evaluation of these projects at different levels.
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GOVERNMENT POLICIES AND SCHEMES

National Youth Parliament Scheme

  • The government launched a revamped version of the National Youth Parliament Scheme (NYPS) web portal, known as NYPS 2.0, aimed at broadening citizen participation in the mock parliamentary initiative, the Ministry of Parliamentary Affairs said.
  • First introduced in February 2019, the National Youth Parliament Scheme (NYPS) seeks to promote democratic values among India's youth by providing a platform for engaging in structured debates on social, political, and governance issues. The scheme allows participants to simulate parliamentary proceedings, mirroring the functioning of the Indian Parliament.
  • The key objectives of NYPS 2.0 are to strengthen the roots of democracy, inculcate discipline and tolerance for diverse views, enable the student community and citizens to understand parliamentary procedures and enhance their knowledge of the Government's functioning and Constitutional values, and foster a sense of living life in a democratic way.
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ART AND CULTURE

Bharat Pavilion Makes Historic Debut at Hong Kong FILMART

  • In a landmark moment for Indian cinema on the global stage, the first-ever Bharat Pavilion made its debut at the prestigious Hong Kong International Film & TV Market (FILMART). Consul General of India, Hong Kong & Macau, H.E. Ms. Satwant Khanalia, inaugurated the pavilion, marking a significant step in strengthening India's presence in the international film and media industry.
  • Organised by the Services Export Promotion Council (SEPC), Ministry of Commerce and Industry, and the National Film Development Corporation (NFDC) under the aegis of the Ministry of Information and Broadcasting, the Bharat Pavilion is supported by the Consulate General of India, Hong Kong & Macau. This initiative highlights the growing influence of Indian cinema and its expanding global footprint, promoting international collaborations and showcasing the immense potential of India's storytelling prowess.
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LAW AND CONSTITUTIONAL AFFAIRS

Justice Biren Vaishnav Leads Gujarat High Court Again

  • The Central government announced that Justice Biren Vaishnav will serve as Acting Chief Justice of the Gujarat High Court from March 20 to March 31, during which time Chief Justice Sunita Agarwal is on leave.
  • Justice Biren had previously served as Acting Chief Justice from February 18 to March 2 during Chief Justice Agarwal's leave.
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