Daily GK One Liners: April 16, 2025

🗞 Daily GK One Liners: April 16, 2025

Your quick summary of the day's important events across National, International, Business, Appointments, Sports, Awards, Economy, and Rankings.

Capitalmind Gets SEBI Nod for Mutual Fund Business: Led by Deepak Shenoy, it will focus on quantitative equity funds.
HDFC Bank Executes First Gold Forward Deal from GIFT City: Done in partnership with Hindustan Platinum through its International Banking Unit.

PM Modi Inaugurates ₹10,000 Crore Projects in Haryana: Launched on Ambedkar Jayanti, focusing on infrastructure and energy.
Draft Rules Proposed for Gas Meter Accuracy: Consumer Affairs Department introduces Legal Metrology standards to regulate gas meters.
Telangana Implements SC Sub-Categorisation: First state to implement internal SC reservation splits under new law.
Nagaland Launches Rooftop Solar Mission: Aligned with PM Surya Ghar Yojana to boost rooftop solar installations.

Trump Administration Freezes $2.3 Billion to Harvard: Federal funding halted over DEI and campus protest policies.

Daniel Noboa Re-elected as Ecuador’s President: Wins second term following April 13 elections.
Koneru Humpy Named Brand Ambassador for SOG Chess Series: Will promote Skill Online Games Grandmaster Series.

Crisil Forecasts India’s GDP at 6.5% for FY26: Cites RBI rate cuts and tax relief but flags risks from US tariff wars.
WPI Inflation Eases to 2.05% in March 2025: Driven by vegetable deflation; manufactured goods inflation rises.

P. Sivakami Wins Verchol Dalit Literary Award: Recognized by Neelam Cultural Centre for literary contributions.
Dr. Nageshwar Reddy Gets ‘Legends of Endoscopy’ Honor: Awarded in Tokyo for gastroenterology leadership.
Dr. Uma Sharma Honored at BRICS CCI WE Summit: Recognized for women’s health advocacy and leadership.

Delhi IGI Airport Ranked 9th Busiest Globally: Handled 77 million passengers in 2024, per ACI World rankings.
Indian IT Firms Top Brand Finance 2025 Rankings: Highlighting sectoral strength in global IT services.

India Finishes 2nd in ISSF World Cup 2025: Behind China in the first leg, a boost for Olympic prep.
KIYG 2025 Mascot ‘Gajsingh’ and Logo Unveiled: Bihar CM Nitish Kumar unveils mascot based on state’s heritage.

For a detailed explanation of all the news highlights for April 16, 2025:

Market Ban: SEBI bars Gensol Engineering Ltd. and promoters Anmol & Puneet Singh Jaggi from the securities market.
Fund Diversion: Company funds rerouted for personal use via layered shell transactions.
Forged Documents & False Filings: SEBI uncovered falsified disclosures and misrepresentation to investors and regulators.
Stock Split Suspended: Ongoing share split plan halted under interim regulatory orders.
Governance Collapse: Internal checks failed; misuse of loans and shell entities used to manipulate financials.
Forensic Audit Initiated: To trace fund trails and quantify investor losses with further penalties expected.

SEBI in Action: Learn how India’s regulator is responding to corporate misconduct and fraud.
Case Study for Corporates: See why governance, transparency, and disclosure compliance matter.
Investor Cautionary Tale: Understand how false narratives can hurt shareholders and market trust.

First-of-its-Kind Reform: Telangana splits SC quota (15%) into Group 1 (1%), Group 2 (9%), and Group 3 (5%).
Legal Backing: Supported by an August 2024 Supreme Court verdict permitting state-level SC reclassification.
Justice Shamim Akhtar Commission: Data-driven study of 59 SC communities, with 8,600+ representations collected.
Rollout on Ambedkar Jayanti: Symbolic enactment on April 14, 2025 to honor Dr. B.R. Ambedkar’s vision.
Political & Social Debate: Criticism over community placement and calls for quota expansion emerged.

Reform in Action: Explore how intra-reservation justice is reshaping affirmative action in India.
Legal Precedent: Understand how the SC ruling is enabling states to innovate within constitutional bounds.
Model for Others: See how Telangana’s template could be replicated across India.