RBI Introduces Additional Factor Authentication for International Transactions

The Reserve Bank of India (RBI) has announced enhancement to the security of online payments. This new measure focuses on cross-border “Card Not Present” (CNP) transactions. The introduction of Additional Factor of Authentication (AFA) aims to ensure that international digital ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Negotiated Dealing System-Order Matching (NDS-OM) Platform

The Reserve Bank of India (RBI) recently announced policy change. Non-bank brokers registered with the Securities and Exchange Board of India (Sebi) will now have access to the Negotiated Dealing System-Order Matching (NDS-OM) platform. This initiative aims to increase retail ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

The Universe’s Largest Structure

Recent astronomical research has revealed Quipu, the largest known structure in the universe. Named after an Incan recording system, Quipu contains an astonishing mass of 200 quadrillion solar masses. Its immense size stretches over 400 megaparsecs, equivalent to more than ..

Month: Current Affairs - February, 2025

Category: Science & Technology Current Affairs

Odisha’s Beti Bachao Beti Padhao Initiatives

The “Beti Bachao Beti Padhao” (BBBP) scheme was launched in India to combat gender imbalance and improve the child sex ratio. Odisha has implemented several initiatives under this scheme to empower girls and prevent child marriage. These initiatives focus on ..

Month: Current Affairs - February, 2025

Category: Government Schemes Current Affairs

RBI Repo Rate Cut

The Reserve Bank of India’s decision to cut the repo rate by 25 basis points to 6.25 per cent marks shift in monetary policy. This is the first reduction in nearly five years. The move is aimed at stimulating economic ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Bank.in Domain

The Reserve Bank of India (RBI) has introduced the ‘bank.in’ internet domain to address increasing financial fraud cases in the country. This initiative was announced during a recent Monetary Policy Committee meeting led by newly appointed Governor Sanjay Malhotra. The ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Oil Exploration in Dibru Saikhowa National Park

The debate surrounding oil exploration in Assam’s Dibru Saikhowa National Park has intensified following the denial of permission for extraction activities. Oil India Limited (OIL) sought to conduct research and development (R&D) studies using Extended Reach Drilling (ERD) technology, despite ..

Month: Current Affairs - February, 2025

Category: Environment Current Affairs

Trump’s Sanctions Threaten International Criminal Court Operations

The recent executive order by US President Donald Trump has raised concerns regarding the future of the International Criminal Court (ICC). This order imposes sanctions on the ICC, which is the only permanent global tribunal for war crimes and genocide. ..

Month: Current Affairs - February, 2025

Category: Legal & Constitution Current Affairs

New Income Tax Bill

The New Income Tax Bill has been approved by the Union Cabinet led by Prime Minister Narendra Modi. This bill is set to replace the Income Tax Act of 1961. Its introduction is expected during the upcoming Budget session in ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Grameen Credit Score Scheme

The Grameen Credit Score Scheme was announced by Finance Minister Nirmala Sitharaman in the 2025 budget. This initiative aims to enhance financial inclusion for Self Help Groups (SHGs) and rural women entrepreneurs in India. It represents shift in assessing the ..

Month: Current Affairs - February, 2025

Category: Government Schemes Current Affairs