Daily GK One Liners: January 31, 2025

📰 Daily GK One Liners: 31st January 2025

Stay informed with the top headlines of the day from diverse categories, summarized for easy reading.

📌 National News

IRDAI Limits Annual Health Insurance Premium Hikes for Senior Citizens: The Insurance Regulatory and Development Authority of India (IRDAI) introduces a new rule limiting premium hikes for individuals aged 60+ to 10% annually without prior approval.
Appointment of Retired Judges as Ad Hoc Judges in High Courts: Retired judges can be appointed as ad hoc judges under Article 224A, enhancing the judiciary’s flexibility while retaining their full powers and privileges.
Empowering Women in Odisha: The Subhadra Scheme: Odisha’s Subhadra Scheme focuses on financial support, digital literacy, and social safety nets for women, with significant impact in the lead-up to the 2024 elections.

📊 Rank & Report News

NPCI Announces Stricter UPI Rules from February: New compliance rules for UPI transactions from February 1, 2025, requiring strictly alphanumeric transaction IDs for enhanced security and standardization.
Economic Survey 2025: Nirmala Sitharaman presents the 2024-25 report, forecasting 6.4% GDP growth for FY25, with key focus on inflation stability and boosting foreign investment.

🏦 Banking News

SEBI Unveils ‘Dharohar’: A digital tribute to India’s market legacy, highlighting 150+ years of securities market history, launched on Republic Day 2025.

🏗 Business News

Tata Steel Develops India’s First Hydrogen-Transport Pipes: Supporting the nation’s clean energy transition and the National Hydrogen Mission.

🔬 Science & Technology News

BIMTECH Launches BIMCOIN: India’s first campus blockchain currency, enabling seamless campus transactions and blockchain education.

👔 Appointments News

Vedanta Resources Names Deshnee Naidoo as First CEO: Marking a new leadership phase for the company.
Rajesh Nirwan Appointed as Director General of BCAS: Confirmed as the Director General of the Bureau of Civil Aviation Security (BCAS).
Maruti Suzuki Re-Appoints Hisashi Takeuchi as MD and CEO: His tenure has been extended from April 1, 2025, to March 31, 2028.

📅 Important Days

World Neglected Tropical Diseases (NTD) Day – 30th January: A global initiative to raise awareness and promote efforts to eliminate neglected tropical diseases.

📚 Daily Current Affairs January 31, 2025 Explore the full article and stay updated.

🎯 Ready to challenge yourself? Take the Daily GK Quiz for January 31, 2025 here.

🚀 Tata Steel Develops India’s First Hydrogen-Transport Pipes

Tata Steel’s Role in Clean Energy

Tata Steel has achieved a major milestone by developing India’s first hydrogen-compliant pipes, designed specifically for the transportation of pure hydrogen. This innovation aligns with India’s National Hydrogen Mission and supports the country's goal of reducing carbon emissions and boosting energy independence. The new API X65 pipes, produced at Tata Steel’s Khopoli plant, are a crucial component of the hydrogen economy and are designed to transport hydrogen under high pressure, ensuring safety and reliability.

🔑 Key Highlights

🌱 Tata Steel’s Contribution to the Hydrogen Economy

Hydrogen-Compliant Pipes: Developed steel pipes capable of safely transporting hydrogen, marking a critical step toward building India’s hydrogen infrastructure.
Support for National Hydrogen Mission: These pipes directly support India’s mission to become a leader in green hydrogen production by 2030, positioning Tata Steel at the forefront of the clean energy transition.

🔬 Advantages of Steel Pipelines for Hydrogen

High Durability: Steel is resistant to the pressure and challenges of hydrogen transport, including embrittlement and corrosion.
Long-Term Reliability: Steel pipelines are a cost-effective and robust solution for safely transporting hydrogen across long distances.

🌍 Tata Steel’s Innovation & Sustainability Focus

Sustainable Development: Tata Steel’s commitment to innovation is evident in its development of these advanced hydrogen-compliant pipes, reinforcing its role as a leader in sustainability and clean energy solutions.

📢 Why Read the Full Article?

🌍 Tata Steel’s Pioneering Role: Learn how Tata Steel is transforming India’s energy infrastructure by developing hydrogen-compliant pipes for the clean energy transition.
⚡ India’s Clean Energy Future: Understand how Tata Steel’s innovation supports India’s goals to reduce carbon emissions and lead in green hydrogen production.
🔎 Hydrogen Transportation Explained: Discover the significance of steel pipelines for safely and efficiently transporting hydrogen across industries.

📖 Click here to explore how Tata Steel is contributing to India’s clean energy future through hydrogen transportation innovation! 🌱⚡

💡 BIMTECH’s BIMCOIN: Revolutionizing Blockchain in Education & Digital Transactions

BIMCOIN: India’s First Blockchain-Based Campus Currency

BIMTECH has pioneered India’s first blockchain-powered campus currency, BIMCOIN, allowing students to use it for daily transactions like meals, books, and event registrations. This innovation not only transforms payments but also serves as an educational tool, providing students hands-on experience with blockchain, decentralized finance (DeFi), and smart contracts. BIMCOIN is a key step towards India's vision of a digital economy and aligns with the National Digital Payment and Financial Inclusion goals.

🔑 Key Highlights

💰 What is BIMCOIN?

Blockchain-Powered Campus Currency: BIMCOIN enables secure and transparent payments for everyday campus activities.
Fintech Learning Tool: Students gain practical experience in blockchain technology, valuable for future careers in fintech and digital banking.

🛠 Key Features of BIMCOIN

🔒 Tamper-Proof Transactions: Every transaction is recorded on an immutable blockchain ledger, ensuring security and transparency.
⚡ Decentralized: No single authority can alter transactions, promoting fairness.
📚 Hands-On Learning: Students actively interact with blockchain, bridging the gap between theory and practice.

🔐 Security Measures

🔑 End-to-End Encryption: Protects transaction data.
🔏 Multi-Factor Authentication: Adds an extra layer of security.
🤖 Smart Contracts: Automates fraud prevention for each transaction.

🚀 Pilot Phase Success & Future Plans

✅ Over 1,100 transactions completed in the pilot phase.
🔜 Future plans: Expanding BIMCOIN usage across all campus departments and integrating it into digital certification programs.

📈 BIMCOIN & India’s Digital Vision

📡 Supports India’s Viksit Bharat 2047 vision: Promotes financial inclusion and digital payments.
🏦 Laying the groundwork for CBDC adoption: Strengthens India’s transition towards digital currency.

📢 Why Read the Full Article?

🎓 India’s First Blockchain Campus Currency: Understand how BIMCOIN is transforming the educational ecosystem with blockchain technology.
💳 Fintech Learning Experience: Learn how BIMCOIN is offering students real-world exposure to decentralized finance and blockchain applications.
🔮 The Future of Blockchain in Education: Explore how BIMCOIN paves the way for future blockchain applications in education, from digital credentials to smart contracts.