Current Affairs - March, 2025

Income Tax Bill’s GAAR Provisions

March 1, 2025

The Income Tax Bill 2025 proposes changes to the General Anti-Avoidance Rules (GAAR). This aims to empower tax authorities to issue reassessment notices beyond the current time limits. The new rules could allow reassessment of tax years previously considered time-barred. ..

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Hague Service Convention

March 1, 2025

On February 18, 2025, the U.S. Securities and Exchange Commission (SEC) requested assistance from the Government of India under the Hague Service Convention. This request aims to serve summons on Gautam Adani and Sagar Adani regarding allegations of bribery related ..

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Trump Terminates 5,800 USAID Contracts

March 1, 2025

Recent actions by the United States government have led to cuts in international aid. The Trump administration has cancelled numerous contracts that supported crucial health programmes. This includes initiatives aimed at combating HIV, polio, and malaria in impoverished communities. The ..

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Flood Risks Increasing in High Mountain Asia

March 1, 2025

Recent studies highlight a troubling trend of rising flood risks in High Mountain Asia. This region, which includes the Tibetan Plateau and surrounding mountain ranges, faces an increase in flood frequency and unpredictability. The study, titled “Flood complexity and rising ..

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Arctic Glaciers Leaking Methane

March 1, 2025

Recent studies have revealed alarming information regarding Arctic glaciers and their role in climate change. Researchers have identified that melting glaciers are releasing substantial amounts of methane, a potent greenhouse gas. This process, termed “glacial fracking,” poses risk as it ..

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Historic Agreement at COP16 on Biodiversity Financing

March 1, 2025

World leaders gathered at the 16th Conference of the Parties (COP16) in Rome have made strides in global biodiversity conservation. The conference resumed on February 25, 2025, after being paused in Cali, Colombia in 2024. A historic agreement was reached ..

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Aditya-L1 Captures the First-ever Image of Kernel

March 1, 2025

India’s first dedicated space-based solar mission, Aditya-L1, has achieved milestone. On February 22, 2025, the Solar Ultraviolet Imaging Telescope (SUIT) onboard Aditya-L1 captured the first-ever image of a solar flare ‘kernel’ in the lower solar atmosphere. This observation is crucial ..

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Advocates (Amendment) Bill Withdrawn Amid Protests

March 1, 2025

On February 23, 2025, the Union Ministry of Law and Justice withdrew the draft Advocates (Amendment) Bill. This decision followed widespread strikes by lawyers and objections from the Bar Council of India (BCI). The Bill, published on February 13, aimed ..

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