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Daily Current Affairs 25th December 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 25th December2023. It includes all Major National, International, Business and Sports related current affairs of 25th December2023. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 25th December2023 Current affairs test.


National News

1. SBI and World Bank Collaboration

  • The State Bank of India (SBI) secured a $165 million credit line from the World Bank to support rooftop solar projects in India.
  • This funding focuses on grid-connected rooftop solar photovoltaic systems in the residential and institutional sectors.
  • SBI’s current foreign currency loans, totaling $2.3 billion, are sourced from international bodies like the World Bank, Asian Development Bank, and Germany’s KfW.
  • As of September 2023, SBI implemented a policy mandating rooftop solar installations for residential projects financed through its climate action funds.
  • Additionally, SBI signed significant credit lines with the European Investment Bank and the German Development Bank to further climate action initiatives.
  • The bank reported a 9.13% increase in consolidated net profit for the September quarter.

2. Bandhan Bank’s Role in Assam e-GRAS

  • Bandhan Bank has been appointed to manage revenue collections for Assam’s e-GRAS platform, enhancing digital tax and non-tax payments.
  • The Assam e-GRAS portal collected nearly Rs 16,000 crore in the fiscal year 2022-23.

3. IFSCA’s Expert Committee on Transition Finance

  • The IFSCA established an expert committee to develop a regulatory framework for green and sustainable debt securities.
  • This committee will advise the government on policy related to taxation, legal, and regulatory matters for ESG initiatives.
  • IFSCA’s initiatives have led to significant listings in ESG-labelled debt securities and green/sustainable loans.

4. Axis Bank and American Express Partnership

  • Axis Bank partnered with American Express to launch the Axis Bank Privilege Credit Card, offering customers access to global benefits.

5. Kotak Mahindra Life Insurance’s T.U.L.I.P Product

  • Kotak Mahindra Life Insurance introduced T.U.L.I.P, a Term with Unit-Linked Insurance Plan, offering combined life coverage and critical illness protection.

6. PFRDA and NPS Contributions via UPI QR Code

  • The PFRDA now allows NPS subscribers to contribute via UPI QR codes, simplifying and streamlining the contribution process.

7. Government’s Subsidy for Electric Vehicles

  • The Indian government allocated Rs 5,228 crore in subsidies for Electric Vehicle adoption and Rs 800 crore for establishing public fast-charging stations.
  • This initiative is part of the FAME-II scheme, promoting clean and green public transportation.

8. Tax Devolution to Indian States

  • The Central government disbursed Rs 72,961 crore as tax devolution to states, following the 15th Finance Commission’s recommendations.

9. ICAI’s New Logo

  • The ICAI unveiled a new logo at the Global Professional Accountants Convention, symbolizing its dedication to prioritizing Indian interests.

10. National Programme on Anganwadi-cum-Crèches

  • Union Minister Smriti Irani launched a nationwide program to establish 17,000 Anganwadi-cum-Crèches, focusing on children’s nutrition and well-being.

11. NITI Aayog’s Green and Sustainable Growth Agenda Report

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  • A report titled ‘A Green and Sustainable Growth Agenda for the Global Economy’ was released, highlighting India’s commitment to collaborative climate action.

12. CBDT’s New ITR Forms Notification

  • The CBDT announced new ITR forms, ITR-1 (SAHAJ) and ITR-4 (SUGAM), applicable from April 1, 2024, for certain income levels.

13. UK’s Climate Levy on Steel Imports

  • The UK government plans to implement a carbon border tax on steel imports in 2027 to equalize carbon pricing and encourage decarbonization.
  • India has protested against similar measures at the WTO.

14. Colorado Supreme Court’s Ruling on Donald Trump

  • The Colorado Supreme Court barred former US President Donald Trump from the state’s 2024 presidential election ballot.
  • The ruling is based on the Fourteenth Amendment’s Section Three, related to Trump’s alleged role in the January 6, 2021, Capitol attacks.
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