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Hand Written Notes

NATIONAL AFFAIRS
1)

MoR - Ministry of Railways

MIB - Ministry of Information & Broadcasting
MeitY - Ministry of Electronics & Information
NIELIT - National Institute of Electronics & Information Technology
TEPL - Tata Electronics Private Limited

2)

MHA - Ministry of Home Affairs

MoC - Ministry of Cooperation
CBI - Central Bureau of Investigation
LEAs - Law Enforcement Agencies
INTERPOL - International Criminal Police Organisation

3)

GDP - Gross Domestic Product

4)

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5)

BMRCL - Bengaluru Metro Rail Corporation Limited

INTERNATIONAL AFFAIRS
1)

GEAPP - Global Energy Alliance for People and Planet

ISA - International Solar Alliance
MDTF - Multi-Donor Trust Fund
DUET - Digitalization of Utilities for Energy Transition
ENTICE - Energy Transitions Innovation Challenge

BANKING & FINANCE

1)

RBI - Reserve Bank of India

CIR - Credit Information Reporting
CIC - Credit Information Companies
CCI - Customer Credit Information
FIs - Financial Institutions

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2)

SEBI - Securities and Exchange Board of India

3)

MFIN - Microfinance Institutions Network

ECONOMY & BUSINESS

NSO - National Statistics Office

MoSPI - Ministry of Statistics and Programme Implementation
GDP - Gross Domestic Product
GVA - Gross Value Added

2)

GDP - Gross Domestic Product

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3)

CIL - Coal India Limited

MoC - Ministry of Coal
IREL - Indian Rare Earths Limited
DAE - Department of Atomic Energy

4)

Tata Elxsi Limited

(Bengaluru, Karnataka)

CSIR-NAL - Council of Scientific & Industrial Research-National Aerospace

Laboratories
UAVs - Unmanned Aerial Vehicles
UAM - Urban Air Mobility
eVTOL - electric vertical take-off and landing

ACQUISITIONS & MERGERS

1)

CCI - Competition Commission of India

SPV - Special Purpose Vehicles

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SPORTS
1)

Rishabh Pant - Fastest half century in 29 balls in Australia

IMPORTANT DAYS

STATE NEWS
1)

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Detailed Content
Current Affairs 9 January 2025 : Headlines

Union Minister Ashwini Vaishnaw Inaugurated NIELIT Deemed to be University in Assam

Union Home Minister Amit Shah Launched ‘BHARATPOL’ portal to Revolutionalize
International Crime Investigations
Chhattisgarh: India’s 1st State to Integrate Forest Ecosystems into Green GDP
India-Malaysia First Security Dialogue to Strengthen Bilateral Cooperation
Titagarh Rail Delivers India’s First Driverless ‘Make-in-India’ Trainset to Bengaluru Metro
GEAPP Partners with ISA to Propel India’s Green Energy Future
RBI releases MD on Credit Information Reporting
SEBI eases Settlement Norms for Inactive Brokerage Accounts
MFIN Defers new rule to Limit Lenders to 3 per Borrower to April 1 2025
India’s GDP Expected to Grow by 6.4% in FY25 against 8.2% in FY24: First Advanced
Estimates by NSO
SBI Lowers India’s GDP Growth Forecast to 6.3% for FY25
CIL and IREL Partner for Critical Minerals Developments
Tata Elxsi Partners With CSIR-NAL for AAM Solutions
CCI approvals on January 7th 2025
Australia beats India 3-1 to win Border-Gavaskar Trophy after 10 years
Earth’s Rotation Day 2025 – January 8
Karnataka CM Siddaramaiah Launched KSRTC Arogya Scheme for Cashless Medical Services

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NATIONAL AFFAIRS
Union Minister Ashwini Vaishnaw Inaugurated NIELIT Deemed to be University in Assam
In January 2025, Union Minister Ashwini Vaishnaw, Ministry of Railways (MoR), Ministry of Information &
Broadcasting (MIB) and Ministry of Electronics & Information (MeitY) and Governor of
Assam Lakshman Prasad Acharya along with Chief Minister (CM) of Assam Himanta Biswa Sarma jointly
inaugurated ‘National Institute of Electronics & Information Technology’ (NIELIT) Deemed to be
University’ at 12 locations including five locations in the North Eastern States at an event held in Guwahati,
Assam.

• Union Minister Ashwini Vaishnaw informed that the new campus of NIELIT will be developed in
Jagiroad(Assam), which will focus on semiconductor manufacturing and electronics
manufacturing.
About NIELIT:
i.The NIELIT, the only University under the MeitY, established in 1994 to enhance education and research in
Electronics and Information Technology(IT).
• It aims to train more than 3.7 million students in emerging technologies over the next five years.
ii.It follows the National Education Policy (NEP) 2020, which focuses on making education more accessible,
flexible, and relevant to industry needs.
iii.In July 2024, the Ministry of Education (MoE) following the recommendation of the University Grants
Commission (UGC), issued a notification declaring NIELIT Ropar (Punjab) and its 11 constituent units as
Deemed to be University.
• The 11 centers in cities include Aizawl (Mizoram), Agartala (Tripura), Aurangabad
(Maharashtra), Kozhikode (Kerala), Gorakhpur (Uttar Pradesh, UP), Imphal (Manipur), Itanagar
(Arunachal Pradesh, AR), Kekri (Rajasthan), Kohima (Nagaland), Patna (Bihar), and Srinagar
(Jammu and Kashmir, J&K), aims to transform higher education in digital technologies.
iv.The university will offer advanced education in digital technologies in Tier-2 and Tier-3 cities and rural
areas, preparing skilled students and positioning the North East as a “New Engine” for national growth.
v.The advanced technologies include Semiconductor & Manufacturing, Artificial Intelligence (AI), Machine
Learning(ML), Block chain Technology, Automotive Electronics, Drone Technology, Cyber Security &
Forensics, Bioinformatics, Industry 4.0 and Quantum Computing.
vi.NIELIT, with over 50 centers, 700 accredited institutes, and 9,000 facilitation centers, has been providing
students and professionals across India.
NIELIT & TEPL Signed MoU for Skill Development:
During the event, NIELIT and Bengaluru (Karnataka) based Tata Electronics Private Limited (TEPL) signed
a Memorandum of Understanding (MoU) to enhance the semiconductor skill development ecosystem in
India.

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• The MoU was signed by Madan Mohan Tripathi, Director General (DG) of NIELIT,
and Randhir Thakur, Managing Director (MD) & Chief Executive Officer (CEO) of TEPL.
i.The partnership aims to establish skill centers, develop diploma and certification programs, and organise
workshops focused on Semiconductor Assembly, Testing, Marking, and Packaging (ATMP) technologies.
ii.Tata Semiconductor Assembly and Test Private Limited(TSAT) will offer technical expertise and
internships, while NIELIT will handle education, training, and outreach, with both organizations
collaborating on research, funding, and creating opportunities in Northeast India.
About Tata Electronics Private Limited (TEPL):
Managing Director (MD) & Chief Executive Officer (CEO) – Randhir Thakur
Headquarters – Bengaluru, Karnataka
Incorporated – 2020

Union Home Minister Amit Shah Launched ‘BHARATPOL’ portal to Revolutionalize International
Crime Investigations
On January 07 2025, Union Minister Amit Shah, Ministry of Home Affairs (MHA) and Ministry of
Cooperation (MoC) launched the ‘BHARATPOL’ portal during the event held at Bharat Mandapam in New
Delhi, Delhi.

• He also awarded 35 Central Bureau of Investigation (CBI) officers and officials with the
President’s Police Medal for Distinguished Service and the Union Home Minister’s Medal for
Excellence in Investigation.
About ‘BHARATPOL’ portal :
i.The portal is developed by the CBI, which aims to streamline the process for Law Enforcement Agencies
(LEAs) in India to seek international assistance through International Criminal Police
Organisation (INTERPOL) in criminal matters.
ii.The portal will be managed by the CBI, which also acts as India’s National Central Bureau (NCB) for
INTERPOL. This portal will enable the CBI to coordinate
international police requests, including those related to Red
notices and other INTERPOL alerts.
• The portal will provide quicker and more efficient
real-time sharing of information among Indian LEAs
and other international law agencies.
iii.The five key modules of Bharatpol are connect, Interpol
notices, references, broadcast, and resources, providing a
technological platform to support all our law enforcement
agencies.
iv.It will enhance collaboration between central, state, Union Territory (UT) LEAs, providing seamless
communication between various police organisations in India.
v.The portal will replace previously used communication methods like: letters, emails, and faxes, with faster,

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digital solutions .This will ensure more efficient exchanges among CBI, INTERPOL liaison officers (ILOs), and
unit officers (UOs).
vi.It will also address the increasing threat of translational crimes such as: cybercrime, financial fraud,
human trafficking, and organised crime by providing rapid international assistance.
About Ministry of Home Affairs(MHA):
Union Minister- Amit Shah (Constituency- Gandhinagar, Gujarat)
Minister of State (MoS)- Bandi Sanjay Kumar (Constituency- Karimnagar, Telangana)
About International Criminal Police Organisation (INTERPOL):
Secretary General- Valdecy Urquiza(Brazil)
Headquarters- Lyon, France
Established- 1923

Chhattisgarh: India’s 1st State to Integrate Forest Ecosystems into Green GDP
In January 2024, Chhattisgarh has become the first state in India to introduce an innovative plan that
connects the ecosystem services of its forest with the Green Gross Domestic Product (Green GDP).
• The initiative aims to directly link the environmental contributions of forests like clean air, water
conservation, biodiversity and the state’s economic progress.

• It aligns with Prime Minister (PM) Narendra Modi’s vision of a ‘Developed India 2047’.
• Chhattisgarh, where forests cover 44% of the land, relies on its rich natural resources to support
the livelihoods of millions.
Key Points:
i.Forests play a dual role in Chhattisgarh’s economy and environment, significantly boosting the rural
economy through products like tendu leaves, lac, honey, and medicinal plants, while also helping combat
climate change by acting as carbon sinks.
ii.The action plan seeks to balance economic growth with environmental conservation to protect the
ecosystem for future generations.
iii.By linking these benefits to Green GDP, Chhattisgarh aims to improve budget planning and promote
policies for sustainable development.
iv.It recognizes the key benefits of forests, like climate regulation, soil enrichment, water purification, and
carbon absorption, and incorporates these into the state’s economic planning.
v.Scientists will evaluate the essential ecosystem services of forests to estimate their economic value
accurately. This involves
Clean Air: The amount of Carbon-di-oxide (CO2) absorbed by trees and converted into oxygen will be
quantified, and its market value will be included in the Green GDP.
Water Conservation: The economic impact of water supplied by forests through rivers and springs will be
calculated.
Biodiversity: The role of forest fauna, including animals, birds, and insects, in maintaining ecological
balance and supporting agriculture will be assessed.

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About Green Gross Domestic Product (Green GDP):

i.Green GDP is a metric for measuring economic growth that takes into account the environmental costs of
economic activities.
ii.Green GDP Calculation: When calculating Green GDP, the environmental and social costs associated with
economic development are taken into account.
Green GDP = GDP − Environmental Costs − Social Costs
About Chhattisgarh:
Capital – Raipur
Chief Minister (CM) – Vishnu Deo Sai
Governor – Ramen Deka
Dance – Saila Dance, Karma, Sua Nacha, Panthi Dance

India-Malaysia First Security Dialogue to Strengthen Bilateral Cooperation

On January 7, 2025, India and Malaysia held their 1st inaugural India-Malaysia Security Dialogue in New
Delhi (Delhi) to enhance bilateral cooperation. It aims to strengthen defence and security ties between the 2
nations for deeper cooperation in areas crucial to their mutual interests.

• The 1st India-Malaysia Security Dialogue was co-chaired by India’s National Security Adviser
(NSA) to Indian Prime Minister, Ajit Doval and Malaysia’s Director General (DG) of the National
Security Council, Raja Dato’ Nushirwan Bin Zainal Abidin.
Highlights:
i.Collaboration: The meeting centered on strengthening collaboration in counter-terrorism,
deradicalisation, cybersecurity, defence industry and maritime security.
ii.Institutionalisation: The 2 countries agreed to institutionalise the dialogue with annual meetings to
ensure regular discussions and continued cooperation.
iii.Enhancement: They also explored opportunities for enhancing
cooperation in the strategic fields of critical minerals and rare
earths.
iv.Both sides exchanged views on the evolving global and regional
security environment, reflecting their shared commitment to
addressing security challenges in the world.
v.This security dialogue follows the visit of Malaysian Prime
Minister (PM) Dato’ Seri Anwar bin Ibrahim in August 2024 to
India at PM Narendra Modi’s invitation.
Points to be noted:
• Malaysia is India’s 13th largest trade partner and the
3rd largest among Association of Southeast Asian
Nations(ASEAN) members.

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• In 2023, Defence Minister Rajnath Singh inaugurated Hindustan Aeronautics Limited’s (HAL) first
regional office in Kuala Lumpur,Malaysia.
About Malaysia:
Prime Minister (PM)– Anwar bin Ibrahim
Capital- Kuala Lumpur
Currency- Malaysian ringgit (MYR)

Titagarh Rail Delivers India’s First Driverless ‘Make-in-India’ Trainset to Bengaluru Metro
In January 2025, Titagarh Rail Systems Limited, formerly Titagarh Wagons Limited, has made a significant
stride in India’s urban mobility sector by delivering India’s 1st driverless, Made-in-India trainset to
Bengaluru Metro Rail Corporation Limited (BMRCL).
• The delivery marks a pivotal moment for the Yellow Line of the Bengaluru Metro, which covers an
18-kilometer (km) stretch from Electronics City. This initiative aligns with the national goal to
achieve a Viksit Bharat by 2047.
i.The trainset is an automated, stainless steel-bodied model built for superior performance.
ii.It was constructed at Titagarh Rail’s metro manufacturing facility in Uttarpara, West Bengal(WB).
iii.Titagarh Rail will provide two additional trainsets to BMRCL by April 2025 and ramp up production to
two units per month by September 2025.
iv.This achievement showcases India’s commitment to advancing urban mobility solutions while promoting
local manufacturing under the ‘Atmanirbhar Bharat’ (Self-Reliant India) initiative.

INTERNATIONAL AFFAIRS
GEAPP Partners with ISA to Propel India’s Green Energy Future
On January 7, 2025, the Global Energy Alliance for People and Planet (GEAPP) partnered with the
International Solar Alliance (ISA), launched Multi-Donor Trust Fund (MDTF), Digitalization of Utilities for
Energy Transition (DUET), and Energy Transitions Innovation Challenge 2.0 (ENTICE 2.0) which aimed at
advancing India’s renewable energy sector.

• These partnerships boost India’s ambitious target of 500 gigawatts (GW) of renewable energy
capacity by 2030.
Three Key Initiatives and Partnerships
i.Multi-Donor Trust Fund (MDTF): GEAPP strengthened its partnership with ISA by signing ISA’s
MDTF with the goal of raising USD 100 million to support solar energy projects in India.
• GEAPP, through its Project Management Unit (PMU), will support ISA by providing governance
oversight, facilitating fund raising efforts, and leveraging its expertise in energy transition
planning, financing, and project implementation .

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ii.DUET (Digitalization of Utilities for Energy Transition): The DUET program focuses on modernizing
India’s grid systems to create a digital database of grid assets, including their locations and specifications.
• Additionally, smart sensors will be installed to monitor voltage, current and phase in real time.
• DUET aims to reduce energy losses, optimize Battery Energy Storage
System (BESS) deployment and integrate Decentralized Renewable Energy (DRE) sources into
the grid.
Note: The government estimates 47 GW of battery energy
storage systems by 2032.
iii.ENTICE 2.0: This platform is set to launch in January
2025 and was designed to support startups by offering
funding, market access and mentorship to scale innovative
solutions for India’s clean energy transition.
• The program aims to identify investable projects
that will help India achieve its Sustainable
Development Goals (SDGs) while promoting job
creation and economic growth in the renewable
energy sector.
iv.These initiatives align with India’s broader Energy
Transition Planning (ETP), aim to close funding gaps,
strengthen institutional capacity, and promote scalable, cost-
effective solutions for India’s clean energy transition.
About Global Energy Alliance for People and Planet (GEAPP):
i.GEAPP was launched by the Rockefeller Foundation at the 2021 United Nations (UN’s) Climate Change
Conference (COP26) to promote universal energy access and meet critical climate goals.
• Its work is organized around 3 catalytic themes: distributed renewable energy, green grids and
green economy.
ii.It provides country-level support to 7 foundation countries, focuses on replicable and scalable solutions in
an additional 13 countries and reaches 80+ countries.
• 7 foundation countries: Congo, Ethiopia, India, Indonesia, Nigeria, South Africa, and Vietnam.
Chief Executive Officer (CEO)- Woochong Um
Headquarters- New York, United States of America (USA)
About International Solar Alliance (ISA):
ISA was launched by the Prime Minister (PM) of India, Narendra Modi and the former President of
France, Francois Hollande during the COP21 Paris Climate Conference held in November 2015.
• ISA became the 1st international intergovernmental organization to be headquartered in
Haryana, India.
Director General (DG)- Ajay Mathur
President- Narendra Modi

BANKING & FINANCE

RBI releases MD on Credit Information Reporting
On January 6, 2025, the Reserve Bank of India (RBI) released a ‘Master Direction – Reserve Bank of India
(Credit Information Reporting) Directions, 2025’, consolidating its various guidelines for banks and
financial institutions regarding the reporting of Customer Credit Information(CCI).

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• RBI issued these directions in the exercise of the powers conferred under Section 11 of the Credit
Information Companies (CICs) (Regulation) Act, 2005.
• The purpose of issuing the MD is to establish a standardized framework for the reporting and
dissemination of credit information, ensure the confidentiality and security of sensitive credit
data, and address other related objectives.
Key Points:
i.Credit Information Companies (CICs) are required to notify customers via Short Message Service(SMS) or
electronic mail(e-mail) whenever their Credit Information Report (CIR) is accessed by specified users (SUs).
• CICs shall send alerts only when the Credit Information Report (CIR) inquiry is reflected in the
customer’s CIR.
ii.Credit Institutions (CIs), including banks and Non-Banking Financial Companies (NBFCs), must inform
customers of the reasons for rejecting their requests for data correction, if applicable, to help them better
understand the issues in their CIR.
iii.Complainants are entitled to a compensation of Rs. 100 per calendar day if their complaint is not
resolved within thirty (30) calendar days from the date of the initial filing with a CI or CIC.
Note: RBI has mandated that all lenders must update credit bureau records every 15 days, effective January
1, 2025.
About Credit Information Companies (CICs):
i.CICs collect public data, credit transactions, and payment histories of people and businesses, mainly for
loans and credit cards.
ii.They collect data from banks, financial institutions, lenders, and other credit-granting entities, and then
compile it into credit reports.
iii.Banks and financial institutions use CIC reports and scores to evaluate your creditworthiness before
approving loans or credit cards.
iv.CICs in India are licensed by RBI and regulated by the Credit Information Companies Regulation Act, 2005
(CICRA), and RBI guidelines.
• Under Section 15 of the CICRA, every credit institution, such as banks, must be a member of at
least one CIC.
• The act states that a CIC can only obtain information from its member institutions.
v.India currently has only four credit information companies registered with the RBI. They are
• Credit Information Bureau (India) Limited (CIBIL)
• Equifax Credit Information Services Private Limited
• Experian Credit Information Company of India Private Limited
• CRIF High Mark Credit Information Services Private Limited

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SEBI eases Settlement Norms for Inactive Brokerage Accounts

On January 06 2025, the Securities and Exchange Board of India (SEBI) eased settlement norms
for brokerage accounts that remain inactive for over 30 calendar days. It will takes effect immediately,
replacing SEBI’s August 2024 circular on the same matter.
• This change aims to reduce procedural inefficiencies for brokers, making the process smoother by
eliminating the daily settlement requirement.
i.Previously, brokers were obligated to identify inactive clients and return their funds within 3 working
days.
ii.The new SEBI guidelines allow brokers to settle the funds of clients who haven’t traded for 30 calendar
days on the upcoming settlement dates as per the monthly cycle, specified in stock exchanges’ annual
calendars.
Note:A brokerage account is considered inactive if the client has not made any trades (buying or selling
stocks) for 30 days in a row.

MFIN Defers new rule to Limit Lenders to 3 per Borrower to April 1 2025
In January 2025, Mumbai (Maharashtra) based Microfinance Institutions Network (MFIN), the self-
regulatory organization (SRO) for the microfinance sector, announced the postponement of its new rule that
limits the number of lenders to 3 per borrower, down from 4 borrower to manage microfinance risks.
• Initially set to take effect on January 1, 2025, but now the implementation of this regulation
postponed to April 1, 2025.
• The new regulations are aimed at ensuring better financial management and preventing over-
indebtedness.
i.The postponement is to provide financial institutions enough time to adapt their Information Technology
(IT) systems and business rule engines for smoother implementation.
ii.Other regulations, such as capping outstanding loans at Rs.2 lakh per borrower and stopping lending to
delinquent customers took effect on January 1, 2025. And also directed its members to stop providing
loans to customers whose overdue amounts exceed ₹3,000 and have been pending for more than 60 days

ECONOMY & BUSINESS

India’s GDP Expected to Grow by 6.4% in FY25 against 8.2% in FY24: First Advanced Estimates
by NSO
On January 07 2025, the National Statistics Office (NSO), Ministry of Statistics and Programme
Implementation (MoSPI) released the First Advanced Estimates (FAE) of Annual Gross Domestic Product
(GDP) for the Financial Year 2024-25 (FY25), along with its expenditure components both at Constant
(2011-12) and Current Prices.

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Key Highlights
i.Real GDP Growth: As per the NSO data, India’s Real GDP is expected to grow at a 4-year low i.e. at 6.4% in
FY25 against the growth rate of 8.2% in Provisional Estimate (PE)of GDP for FY24 (2023-24).
• Real GDP or GDP at Constant (2011-12) prices is estimated at Rs
184.88 lakh crore in FY25, compared to the PE of GDP at Rs 173.82 lakh crore in FY24.
ii.Nominal GDP Growth: Nominal GDP has registered a growth rate of 9.7% in FY25 compared to the
growth rate of 9.6% in FY24.
• Nominal GDP or GDP at Current Prices in FY25 is estimated at Rs 324.11 lakh crore as against Rs
295.36 lakh crore in FY24, reflecting a growth rate of 9.7%.
iii.Gross Value Added (GVA):
• Real Gross Value Added(GVA) registered a growth of 6.4% (FY25) as compared to 7.2% (FY24). It
is estimated to grow from Rs 158.74 lakh crore PE for (FY24) to Rs 168.91 lakh crore in (FY25).
• Nominal GVA registered a growth rate of 9.3% in FY25 as against the growth rate of 8.5% in
FY24. It is estimated to achieve Rs 292.64 lakh crore during FY25, against Rs 267.62 lakh crore
in FY24.
iv.Private and Government Consumption:
• The report highlighted that Private Final Consumption
Expenditure (PFCE) at Constant Prices grew by 7.3% in
FY25, compared to 4.0% in FY24.
• While, Government Final Consumption
Expenditure (GFCE), which refers to centre
government spending on goods and services, at
Constant Prices, has rebounded to a growth rate
of 4.1% as against the growth rate of 2.5% in FY24.
v.Investment: The report has further estimated that Gross Fixed
Capital Formation (GFCF), an indicator of new investments in the
economy, will grow at 6.4% in FY25 compared with a 9%
increase in FY24.
Sector-Wise Real GVA Growth in FY25:
i.The report highlighted that out of 8 broad economic sectors, only two are estimated to register higher
growth than previous year.
1.Primary Sector:
• Agriculture and its allied sector are estimated to increase to 3.8% (in FY25) from 1.4% (in FY24).
• Public, Administration, Defence and Other Services, estimated to increase from 7.8% (in FY24) to
9.1% (in FY25).
• GVA growth of Mining & Quarrying is expected to increase to 2.9% in FY25, compared to 7.1%
registered in FY24.
2.Secondary sector:
• The cumulative growth of sectors like: electricity, gas, water supply and other utility
services from 7.5% (in FY24) to 6.8% (in FY25).
• The construction segment is estimated to grow at 8.6% in FY25 from 9.9% during the previous
financial year.
• While, GVA growth of manufacturing sector is expected to decelerate to 5.3% (in FY25) from a
high of 9.9% recorded (in FY24) .
3.Tertiary sector: According to NSO data, GVA of sectors like: financial, real estates and professional
services expected to grow at 7.3% (in FY25), down from 8.4% (in FY24).

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• The combined growth rate of hotel, trade, transport, and services related to broadcasting, is
estimated to grow at 5.8% (in FY25) as against 6.4% registered in last financial year.
Assessment:
i.These estimates are indicator based and compiled using the bench-mark indicator method(estimates
available for FY24) are extrapolated using the relevant indicators showing the performance of indicators.
ii.The sector-estimates are prepared using different indicators/data sources like: Index of Industrial
Production (IIP), financial performances of listed companies based on available quarterly financial results of
these companies for Q1 and Q2 of FY25, premium related information of life and non-life insurance
companies, among others.
About Ministry of Statistics and Programme implementation (MoSPI):
Minister of State (MoS) (Independent Charge, IC)–Rao Inderjit Singh (Constituency- Gurugram, Haryana)

SBI Lowers India’s GDP Growth Forecast to 6.3% for FY25

On January 07 2025, the State Bank of India (SBI) released its latest Ecowrap Research Report. It has
lowered India’s Gross Domestic Product (GDP) forecast to 6.3% for Financial Year 2024-25(FY25), which is
marginally lower than the National Statistics Office (NSO)’s estimate of 6.4%.

• The report noted a “downward bias” in its projection and has cited several challenges affecting
economic growth of the country, including a slowdown in lending and manufacturing, coupled
with the effects of a large base effect from the preceding year.
• Also, slowdown in total demand during the fiscal year is reflected in the First Advance Estimates
(FAE) for GDP released by NSO in January, 2025.
Key Points:
i.The report highlighted the contributions of certain sectors towards India’s overall GDP growth.
Government Consumption is expected to grow at 8.5% in nominal terms and 4.1% in real terms, providing
some boost to the economy.
ii.The report raised concern over the deceleration in key industrial segments. Industry segment is estimated
to grow at 6.2%, decrease from 9.5% registered in FY24.
• The services sector is expected to increase marginally to 7.2% in FY25, from 7.6% in FY24.
• Agriculture and allied sectors are expected to register significant growth of 3.8% in FY25
compared to 1.4% registered in FY24.
iii.SBI’ s report highlighted that Private Consumption has emerged as an important driver of economic
growth, with an estimated real growth rate of 7.3% in FY25, an increase from 4.0% in FY24.
• This growth is mainly attributed to strong agricultural growth and lower food inflation.
• The report showed that the per capita Private Final Consumption Expenditure (PFCE) registered
a growth of 6.3% higher than the per capita GDP growth of 5.3%.
iv.Despite slowdown in real GDP and stagnant nominal GDP, per capita nominal GDP is projected to be
approximately Rs 35,000 in FY25 higher than in FY23.

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• However, nominal GDP growth is anticipated to remain stagnant, growing by 9.7% in FY25
compared to 9.6% in FY24.
• The Gross Value Added (GVA) growth is also pegged at 6.4%.
v.The report showed that as of December 31, 2024, All Scheduled Commercial Banks(ASCBs) incremental
credit slowed to Rs 11.5 lakh crore, Year to Date (YTD) 7.0%, compared to growth of Rs 21.0 lakh crore
(YTD 15.4%) in FY24.

CIL and IREL Partner for Critical Minerals Developments

On January 7 2025, Kolkata (West Bengal) based Coal India Limited (CIL) under the Ministry of Coal(MoC),
signed a non-binding Memorandum of Understanding (MoU) with Mumbai (Maharashtra) based Indian
Rare Earths Limited (IREL), a Public Sector Undertaking(PSU) under the Department of Atomic Energy
(DAE) to collaborate on the development of critical minerals.
• The partnership aims to boost India’s ability to mine, extract, refine, and source critical minerals
like mineral sands and Rare Earth Elements (REE), essential for electronics, Renewable
Energy(RE), and defense industries.
• This collaboration is a key component of CIL’s initiative to lessen India’s reliance on essential
minerals such as lithium and cobalt imports.
i.Under this partnership, the two companies will work together to acquire assets, source raw materials
domestically or internationally, and develop mining, extraction, and refining capabilities.
ii.In the Union Budget 2024-25, the Government of India (GoI) announced the Critical Mineral Mission to
boost domestic production, recycling, and asset acquisition.
Note: India, one of the few countries producing rare earth elements, relies on IREL to achieve self-
sufficiency in mining, processing, and refining, while China remains the dominant player in critical minerals.

Tata Elxsi Partners With CSIR-NAL for AAM Solutions

On January 8, 2025, Tata Elxsi Limited, Bengaluru (Karnataka)-based global design and technology services
provider, signed a Memorandum of Understanding (MoU) with the Council of Scientific & Industrial
Research–National Aerospace Laboratories (CSIR-NAL) to innovate in Advanced Air Mobility (AAM).
• The collaboration aimed to develop cutting-edge technologies for Unmanned Aerial Vehicles
(UAVs), Urban Air Mobility (UAM) and electric vertical take-off and landing (eVTOL) aircraft.
• It focuses on technologies such as aerodynamic design, autonomous systems and secure
communications to address the unique needs of both manned and unmanned AAM.
The partnership combines NAL’s extensive aeronautical research expertise with Tata Elxsi’s advanced
capabilities in electrification, Artificial intelligence (AI), Machine Learning (ML), sensor fusion and
certification processes.

ACQUISITIONS & MERGERS

CCI approvals on January 7th 2025
On January 7 2025, the Competition Commission of India (CCI) has approved the following proposals:
i.Tata Electronics Private Limited (TEPL), a wholly-owned subsidiary of Tata Sons, to acquire a majority
stake in Apple’s contract manufacturer Pegatron Technology India Private Limited(Pegatron India), a
subsidiary of Taiwan based Pegatron Corporation Limited.
ii.Malaysia based Gentari Renewables India Management Private Limited to acquire 21 Special Purpose
Vehicles (SPVs) owning renewable power generation plants, along with the holding companies of certain
SPVs.

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iii.The United States of America (USA)-based global investment firm CA Carob Investments to acquire up
to 68.9% stake in Roop Automotives Limited (RAL), a key player in India’s automotive components
industry.
CCI approves TEPL to acquire majority stake in Pegatron India
i.The CCI has approved TEPL proposal to acquire a majority stake in Pegatron India.
• This acquisition is a significant step for TEPL which specializes in Electronics Manufacturing
Services (EMS), particularly for smartphones.
• The transaction was structured in 2 phases, including the transfer of TEL Components Private
Limited’s business to Pegatron India.
ii.TEPL, through Tata Electronics Systems Solutions (TESS) (formerly known as Wistron Infocomm
Manufacturing (India) Private Limited), was also engaged in the provision of EMS for smartphones.
Points to Note:
i.TEPL had earlier acquired the iPhone unit of Taiwanese firm ‘Wistron’ in Bengaluru (Karnataka) for USD
125 million in November 2023.
• It is also building another plant in Hosur in Tamil Nadu.
ii.Pegatron India provides EMS to Apple Inc., with exports to North America (NA), Asia and Europe.
CCI approves Gentari Renewables India’s acquisition of 21 SPVs:
i.The CCI has given its approval for Gentari Renewables India Management Private Limited to
acquire 21 Special Purpose Vehicles (SPVs) that own Renewable Energy(RE) plants.
• These SPVs are engaged in generating and selling power through wind turbines and solar power
plants.
• Along with these SPVs, the holding companies of certain SPVs will also be acquired by Gentari
Renewables India.
ii.Gentari (the acquirer) is an indirect subsidiary of Petroliam Nasional Berhad (Petronas), a Malaysian
multinational oil and gas company, which is focused on delivering clean energy solutions.
• The company’s core pillars include renewable energy, hydrogen, and green mobility.
iii.This strategic acquisition strengthens Gentari’s RE portfolio, contributing to India’s sustainable energy
goals and boosting investments in clean energy infrastructure.
CCI approves the acquisition of 68.9% stake in Roop Automotives by CA Carob Investments
i.The CCI has approved CA Carob Investments’ proposal to acquire up to 68.9% stake in Roop Automotives
Limited (RAL).
• This acquisition involves interconnected steps, including a securities swap between Highway
Industries Limited (HIL) shareholders and RAL, ultimately leading to the acquisition by CA Carob
Investments.
ii.The acquisition boosts RAL’s growth, enhancing its operational scale and India’s goal
of Atmanirbhar Bharat (self-reliance), contributing to the development of the auto-components sector.
iii.CA Carob Investments (Investor) is a SPV based in Mauritius, controlled by affiliates of the global
investment firm Carlyle Group Inc.(Carlyle).

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iv.RAL and HIL manufactures and sells auto-components, with a strong presence in both domestic and
international markets.
About Competition Commission of India (CCI):
It is a statutory body constituted under Competition Act, 2002.
Chairperson- Ravneet Kaur
Headquarters- New Delhi, Delhi
Established- 2003

SPORTS
Australia beats India 3-1 to win Border-Gavaskar Trophy after 10 years
Australia beats India 3-1 in 5 match test series to win Border-Gavaskar Trophy after 10 years and final test
of the Series was held on 5th January 2025 at the Sydney Cricket Ground in Sydney, Australia.

• The Border Gavaskar Trophy 2024-25 was scheduled from 22nd November 2024
to 7th January 2025 in Australia.
• This marks the first time Australia had won the series over India in the last 10 years since they
won at home in 2014-15.
• India has won four consecutive series (2016-17, 2018-19,2020-21 and 2022-23) including two
in Australia.
Key Highlights:
i.India won the 1st match series at Perth by 295 runs but Australia won the 2nd one in Adelaide, by 10
wickets.
• The 3rd match ended in draw in Brisbane but Australia won the 4th test in Melbourne by 184
runs and then the final test in Sydney.
ii. Australia have qualified for the World Test Championship (WTC) final for the second consecutive time
after this win and will compete with South Africa in the final at Lord’s on 11th June 2025.
iii.Pat Cummins has become the first captain since Michael Clarke and Steven Smith (combined) in 2015 to
win a Test series against India.
iv.India off-spinner Ravichandran Ashwinhad announced his retirement from international cricket in
which he secured a total of 765 wickets for India across the formats.
v.Virat Kohli scored his 7th test century in the Perth Test surpassing Sachin Tendulkar’s tally of 6 Test
centuries in Australia.

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India broke 47-year record with commanding Perth Test win

i.India broke a 47-year-old record by 295-run win in the opening Test of the five-match series at Optus
Stadium in Perth Australia and making it India’s biggest victory against Australia in Australia in terms of
runs. The previous record stood at 222 runs, achieved at Melbourne on December 30, 1977.
Bumrah named Player of the Series after record-breaking tour of Australia
i.Jasprit Bumrah was awarded with the Player of the Series title as he emerged as the highest wicket taker
of the tournament with 32 wickets.
• He has broken the 47-year-old record of Bishan Singh Bedi who secured 31 wickets during
India’s tour of Australia in 1977-78.
• Also, Bumrah’s average of 13.06 ranks is second only to Richard Hadlee’s 12.15 in 1985 among
bowlers who have secured more than 20 wickets in a Test series in Australia.
ii.He has become the first Indian bowler to win a Player of the Series award in Test matches across
three SENA nations (South Africa, England, Australia and New Zealand).
• Furthermore, he is the only second pacer, after Brett Lee in 2007-08, to win the Player of the
Series award in the prestigious Border-Gavaskar Trophy.
iii.He had previously won the Player of the Series award during India’s tour of England in 2022-23 where
he took 23 wickets in 5 matches and also during India’s tour of South Africa in 2024 where he became the
first and only Indian bowler to secure 12 wickets in two matches.
Bumrah equals with Kapil Dev for SENA countries record during Perth Test
Jasprit Bumrah made history by securing his 7th five-wicket haul in SENA (South Africa, England, New
Zealand and Australia) and He has equaled with Kapil Dev.
• During the Perth match, Bumrah claimed five wickets for just 30 runs at an economy rate of 1.67.
• Now in 27 Tests in SENA countries, Bumrah has got 118 wickets at an average of 22.55.
Bumrah quickest Indian to 200 Test wickets by balls bowled
i.Jasprit Bumrah has become the fastest Indian bowler to reach 200 Test wickets.
ii.Bumrah made his 200th Test wicket off only the 8484th delivery he has bowled in the format, making him
the fastest Indian to the mark in terms of balls bowled, surpassing Mohammed Shami who took his 200th
wicket from his 9896th delivery.
iii.Overall, Bumrah is now the fourth-fastest bowler to achieve 200 wickets, behind Waqar Younis (7725
balls), Dale Steyn (7848 balls), and Kagiso Rabada (8154 balls).
• He has also become the first bowler to achieve 200 wickets with a sub-20 bowling average
(19.56).
Rishabh Pant slams fastest Test fifty in Australia by a visiting batter
i.Rishabh Pant smashed the fastest Test half-century in just 29 balls in Australia by a visiting batter.
• He has broken the record of 33 balls held by England’s John Brown (Melbourne 1895) and West
Indies’ Roy Fredericks (Perth 1975).
• It also marked the second-fastest half-century by an Indian batter in Test cricket.
ii.The fastest half-century record by an Indian batter in a Test match also belongs to Pant which he made in
28-balls against Sri Lanka in Bengaluru in 2022.
Note
Pant has also become the first Indian wicketkeeper to achieve mark of 25 dismissals against any opponent
in a series.
About Border Gavaskar Trophy:
i.The Border–Gavaskar Trophy (BGT) is an International Test cricket tournament played between India and
Australia.
ii.It is named after former captains, Australia’s Allan Border and India’s Sunil Gavaskar and was first held
in 1996-97.

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iii.Out of 17 test series, India have been victorious 10 times, Australia have won 6 times, and one series was
drawn.

IMPORTANT DAYS

Earth’s Rotation Day 2025 – January 8

Earth’s Rotation Day is observed globally on January 8 to highlight the importance of Earth’s rotational
motion. It commemorates the anniversary of French physicist Léon Foucault‘s scientific demonstration in
1851.

• January 8 2025 marks the observance of the 174th anniversary of Léon Foucault’s
demonstration.
• The day honors his 1st public display of Earth’s rotation in Paris (France), emphasizing its
scientific significance.
Basics of Earth’s Rotation:
i. The spinning of the Earth around its axis is called ‘rotation.’ Earth completes a full rotation on its axis
every 23 hours and 56 minutes, rounded up to 24 hours.
ii.The full rotation is known as one Earth Day and is responsible for day and night cycles.
iii.Earth rotates on its axis from West (W) to East (E), the Sun and the Moon appear to move from E to W
across the sky.
History:
i.In 470 Before Christ (BC), the Greeks claimed that the earth rotated on its own back.
ii.In the 16th century, Polish astronomer Nicolaus Copernicus proposed the heliocentric model, suggesting
Earth rotated on its axis and revolved around the Sun.
• This theory was confirmed by Galileo Galilei’s observations of Jupiter’s moon in 1610.
iii.In 1851, French physicist Léon Foucault provided conclusive proof of Earth’s rotation with the Foucault
Pendulum experiment.
• The principle of the experiment was 1st demonstrated in the Pantheon in Paris.
iv.The experiment involved suspending a 28 kilogram (kg) brass bob, 38 centimeters (cm) in diameter (d),
hanging on a 67 meter (m) (220 foot) long wire.
v.It was the 1st satisfactory demonstration of the earth’s rotation using laboratory apparatus rather than
astronomical observations.
Note: Later, it was displayed at the Pantheon in Greece, (Rome, Italy).
Key Facts :
i.Earth rotates on its axis on an imaginary line passing through the North(N) and South (S) Poles, at a speed
of 1,670 kilometer per hour(km/h) (1,037 miles/h) at the equator.

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ii.The Earth’s diameter is 12,714 km (7,900 miles) from N towards S Poles and 12,756 km (12,756 miles) via
the equator (7,926 miles).

STATE NEWS
Karnataka CM Siddaramaiah Launched KSRTC Arogya Scheme for Cashless Medical Services
In January 2025, Chief Minister (CM) of Karnataka Siddaramaiah launched the health insurance scheme
‘Karnataka State Road Transport Corporation (KSRTC) Arogya’, to provide cashless medical treatment to
KSRTC employees and their families at the Vidhana Soudha in Bengaluru, Karnataka.

• The scheme will benefit around 1.5 lakh people, including 34,000 employees and their
dependents in over 275 hospitals.
Key benefits:
i.The Karnataka state government has set up a total budget of Rs 20 crores for ‘KSRTC Arogya’ every year
and will increase it by 5 per cent annually.
ii.KSRTC will deduct Rs 650 per month from the salary of each beneficiary for the scheme, and this amount
will increase by Rs.50 every year.
iii.There is no limit on inpatient treatment expenses under the scheme and will also cover treatments like
eye care, dental, Ayurvedic, Prakriti, Unani, and Homoeopathy.
iv.The beneficiary must be a permanent resident of Karnataka and an employee of KSRTC. Selected
employees will receive medical treatment coverage of up to Rs. 5 lakh under the KSRTC Arogya Scheme.
v.It will be extended to Bangalore Metropolitan Transport Corporation (BMTC), North Western Karnataka
Road Transport Corporation (NWKRTC), and Kalyana Karnataka Road Transport Corporation (KKRTC)
within three months.
vi.KSRTC has signed Memorandums of Understanding (MOUs) with 275 hospitals and four diagnostic
centers to offer cashless Inpatient (IP) and Outpatient Department (OPD) treatments.
• S R Srinivasa unveiled the internal magazine, ‘Saarige Sampada’ and the KSRTC Arogya Manual.
Note: Samparka Sarige is a non-AC bus service with a white-pink colour scheme. It operates as a shuttle
service between Kempegowda Bus Station and Mysuru Road Bus Station in Bengaluru.
About Karnataka State Road Transport Corporation (KSRTC):
KSRTC is formerly known as Mysore Government Road Transport Department (MGRTD) from 1948 to 1961
and Mysore State Road Transport Corporation (MSRTC) from 1961 to 1973. On 1 November 1973, it was
renamed as the KSRTC.
Headquarters – Bengaluru, Karnataka
Chairman – S.R. Srinivasa

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