Daily & Latest Current Affairs in 2025

Correct Answer :   04 December

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The nation as a whole celebrates the Indian Navy's special occasion with great fervor. To honor the Indian Navy's heroic efforts and sacrifices in protecting the nation's maritime borders and ensuring its security, Indian Navy Day is observed.
 
The significance of the Indian Navy in defending India's vast coastline, monitoring maritime trade routes, and providing assistance in times of natural disaster and humanitarian crisis is also highlighted on this day. Indian Navy Day is observed annually on December 4.

Indian Navy Day 2024 Theme :

Every year, the Indian Navy selects a theme that fits with its strategic objectives. Examples of these themes include defence readiness, technological developments, and maritime security. "Strength and Power through Innovation and Indigenisation" is the theme for Indian Navy Day in 2024.

Indian Navy Day 2024 History :

Indian Navy Day is observed on December 4th in honor of the valiant Operation Trident during the 1971 India-Pakistan war. On this day, the Indian Navy boldly attacked Pakistan's main port city, Karachi. This operation demonstrated India's growing naval might in addition to being a major military triumph.

Indian Navy Day 2024 Significance :

The celebration of Indian naval Day honors naval officers who are essential to the nation's coastal defense. It also honors the bravery of those who serve in the Navy and endure significant hardships while defending the nation's maritime security. Maintaining the peace of the Indian Ocean, ensuring the safe passage of global trade through this crucial region, and promoting international maritime cooperation all depend on the Indian Navy.

Correct Answer :   Devendra Fadnavis

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Devendra Fadnavis is all set to take oath as the next chief minister of Maharashtra on 05 December 2024, a day after he was elected leader of the Bharatiya Janata Party’s (BJP) legislative party unit and staked claim to form the next government in the state.

Outgoing chief minister Eknath Shinde and Nationalist Congress Party (NCP) head Ajit Pawar are also expected to take oath alongside Fadnavis at the mega event at Mumbai's Azad Maidan at 5.30 pm today (5th Dec 2024). Prime Minister Narendra Modi, and the top brass of the BJP, will attend the oath-taking.

Fadnavis, 54, has been chief minister of Maharashtra twice before his new term. The Rashtriya Swayamsevak Sangh (RSS) loyalist and arguably the most prominent BJP face in the state served as CM between 2014 and 2019. His second term as CM lasted for just five days in November 2019.

TheMahayuti alliance scripted a historic victory in the recent the Maharashtra assembly elections by winning 235 seats in the 288-member House trouncing the Maha Vikas Aghadi (MVA), which won just 50 seats.

The BJP led the Mahayuti's victory by winning 132 seats – the highest among all allies. Shinde Sena won 57 seats and Ajit Pawar-led NCP won 41 seats.

Led by Fadnavis, the victory in the 2024 assembly elections marks a remarkable comeback for the BJP from 105 seats in 2019, setting the stage for the former to become CM.

“I have personally requested Shinde saheb to be part of the new government. The post of chief minister or deputy chief minister are just technical things. All three of us will work together for the state,” said Fadnavis, who, along with Shinde and Pawar, called on governor CP Radhakrishnan at Raj Bhavan, with Mahayuti's claim to form the government with the support of 236 members of legislative assembly (MLAs).

Party's Central Observers –Union Finance Minister Nirmala Sitharaman and former Gujarat CM Vijay Rupani – were also present at the Raj Bhavan.

Earlier on Wednesday morning, the BJP's core committee – the highest decision making body – endorsed the candidature of Fadnavis for the top post. Later, Fadnavis was unanimously elected as the Leader of Maharashtra BJP Legislative Party, paving the way for him to helm Mahayuti 2.0.

The announcement ends days of speculation on the next chief minister of Maharashtra.

Shinde reportedly agreed to serve as Deputy Chief Minister in the next Mahayuti government on December 3. Fadnavis visited Shinde on Tuesday evening at his official residence, Varsha, in south Mumbai..

Source : Mint

Correct Answer :   Arunachal Pradesh

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The Cabinet Committee on Economic Affairs recently (26th Nov 2024) approved investing Rs 1750 crores for the Tato-I Hydro Electric Project (HEP) in Arunachal Pradesh’s Shi Yomi District.

About Tato-I Hydroelectric Project :

Correct Answer :   Lakshadweep

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Lakshadweep, a beautiful group of islands in India, is famously known as the Coral Island. It earned this name because of how it was formed and its unique features related to coral reefs.

How was Lakshadweep Formed?

Lakshadweep was formed by coral reefs. These reefs are underwater structures made by tiny marine animals called corals. The corals release a substance called calcium carbonate, which builds a hard skeleton. Over time, these skeletons pile up, creating large reefs. When these reefs grow near the surface of the water, they can form islands like Lakshadweep.

Location of Lakshadweep Island :

Lakshadweep is a group of 36 small islands located in the Arabian Sea, near the coast of Kerala, India. These islands are part of Indian territory and are known for their natural beauty.

What makes Lakshadweep Island Special?

The coral reefs of Lakshadweep are among the most beautiful in the world. They are home to a large variety of marine animals and plants. These reefs make the islands a favorite destination for tourists and scientists who study marine life. People visit Lakshadweep to enjoy activities like snorkeling, scuba diving, and seeing colorful fish and coral.

Correct Answer :   Traditional handicrafts

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Gujarat’s iconic handicraft, ‘Gharchola,’ has been awarded the Geographical Indication (GI) tag by the Union government, taking the state’s total GI tags to 27, with 23 dedicated to handicrafts. This recognition highlights the rich cultural heritage and exquisite craftsmanship of Gujarat’s artisans. Presented during the “GI and Beyond – Virasat Se Vikas Tak” program in New Delhi, the accolade underscores the state’s commitment to preserving and promoting its artistic traditions.

Gharchola’s Significance :

GI Tag Benefits :

Other Handicrafts with GI Tags :

Recent Additions :


Cumulative Impact : Recognitions under schemes like the Hastakala Setu Yojana, safeguarding artistic heritage.

Government Initiatives :

Correct Answer :   Madhya Pradesh

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The Union Minister for Environment, Forest, and Climate Change, Shri Bhupender Yadav, has officially announced the notification of the Ratapani Tiger Reserve in Madhya Pradesh as India’s 57th Tiger Reserve. This remarkable step emphasizes India’s commitment to tiger conservation and highlights the nation’s dedication to preserving its rich biodiversity.

About Ratapani Tiger Reserve

Geographical Details :

Ratapani Tiger Reserve is now the 8th tiger reserve in Madhya Pradesh, reaffirming the state’s title as the “Tiger State of India.”

Ecological Significance :

Located in the forests of the Ratapani, Bhopal, and Sehore areas, the reserve boasts rich biodiversity and is home to the majestic tiger. Its designation as a tiger reserve will enhance wildlife management and provide a secure habitat for tigers and other wildlife species.

Conservation Initiatives for the Reserve :

The notification of Ratapani as a tiger reserve brings with it a comprehensive plan for wildlife conservation. The following measures will be implemented to strengthen its management:

Standard Protection and Habitat Management :

Ecotourism Development :

Community Engagement :

India’s Growing Commitment to Tiger Conservation :

The Role of Madhya Pradesh :

Madhya Pradesh, already a leader in tiger conservation, has once again reinforced its commitment with Ratapani joining the ranks of other renowned tiger reserves like Kanha, Bandhavgarh, Pench, and Panna. The state now hosts eight tiger reserves, playing a pivotal role in India’s tiger conservation strategy.

Global Leadership in Tiger Conservation :

India’s efforts have made it a global leader in tiger conservation. The country’s Project Tiger, launched in 1973, has expanded significantly over the years, providing critical protection to these endangered species. The addition of Ratapani as the 57th tiger reserve further strengthens this legacy.

Regional and National Impact :

The notification of the Ratapani Tiger Reserve is not just an achievement in terms of wildlife conservation; it also holds socio-economic importance.

Correct Answer :   Uttarakhand

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Jim Corbett National Park is one of India’s most famous wildlife sanctuaries. Located in the state of Uttarakhand, it is known for its rich biodiversity, including the Bengal tiger. The park attracts nature lovers and wildlife enthusiasts from around the world.

Location of Jim Corbett National Park :

Jim Corbett National Park is located in the Nainital district of Uttarakhand, India. It is one of the most famous national parks in the country and is known for its rich wildlife and beautiful landscapes.

History of Jim Corbett National Park :

Jim Corbett National Park, established in 1936, was originally called Hailey National Park after William Malcolm Hailey, the governor of the United Provinces. In 1957, it was renamed to honor Jim Corbett, a renowned naturalist and conservationist who played a key role in the park’s creation and tiger conservation efforts.

Jim Corbett National Park remains a top destination for nature enthusiasts, wildlife photographers, and those seeking to experience India’s rich natural heritage.

Area of Jim Corbett National Park :

The park covers an area of 1,318.54 square kilometers. It is a vast space with different types of landscapes, including forests, grasslands, rivers, and mountains.

What makes Jim Corbett National Park Famous?

Jim Corbett National Park is most famous for being home to a large number of tigers, including the endangered Bengal tiger. The park also has a rich variety of other animals and birds, making it a top spot for wildlife lovers.

Correct Answer :   Mother Teresa

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Mother Teresa is famously known as “The Saint of the Gutters” because of her dedication to helping poor and needy people. Her selfless work for the ill and the underprivileged made her one of the most admired figures in the world.

Why is Mother Teresa Known as the Saint of the Gutters?

Mother Teresa is known as the “Saint of the Gutters” because of her tireless work for the poor and sick, especially in the slums of Kolkata. She cared for abandoned, ill, and dying people, offering food, shelter, and love. Her selfless service and compassion made her a symbol of kindness and humanity worldwide.

Who was Mother Teresa?

Mother Teresa was a Catholic nun who dedicated her life to helping the poor, sick, and needy, especially in Kolkata, India. She founded the Missionaries of Charity to provide care for the most vulnerable people. Known for her selflessness and compassion, she was awarded the Nobel Peace Prize in 1979 for her humanitarian work.

Key Facts About Mother Teresa, the Saint of the Gutters

Here are some key facts that you must know about Mother Teresa, the Saint of the Gutters :

Correct Answer :   China

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China has inaugurated its first atmospheric monitoring station in Antarctica, marking a significant expansion of its research presence on the continent. Located in Larsmann Hills, East Antarctica, the Zhongshan National Atmospheric Background Station aims to provide continuous and long-term observations of atmospheric components, contributing valuable data on climate change and the impact of human activity on the environment. This station supports China’s growing role in Antarctic research, aligning with its broader goals as a ‘polar power.’

A Strategic Move in Polar Research :

The Zhongshan station is strategically placed in a region with unique geographical and scientific value. It will monitor atmospheric concentration changes, aiding in understanding global climate shifts, particularly in polar regions, which are crucial amplifiers of climate change. This new station joins China’s network of six research stations in Antarctica, the first of which was built in 1985. It also follows the opening of China’s Ross Sea scientific research station earlier this year.

China’s Expanding Presence and Global Ambitions :

China’s increased involvement in Antarctica is part of its long-term strategic vision, which includes exploring resources such as minerals, petroleum, and natural gas—though these activities are currently restricted by the Antarctic Treaty. The nation’s rising investments and participation in Antarctic governance are seen as moves to secure its interests in the event of future changes to the treaty, especially as the mining ban will be up for review in 2048.

The Role of the Antarctic Treaty :

While China supports the Antarctic Treaty, which ensures the continent remains demilitarized and promotes scientific cooperation, experts have raised concerns about potential shifts in policy regarding resource extraction. China’s stance has been to balance environmental protection with resource use, which could play a critical role in future treaty discussions.

Correct Answer :   December 4

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The International Day of Banks, celebrated annually on December 4, highlights the crucial role that banks play in driving sustainable growth, improving living standards, and stabilizing economies. In India, despite enduring challenges like geopolitical tensions, the banking and financial sectors have demonstrated remarkable resilience and adaptability.

History and Significance :

The United Nations General Assembly (UNGA) officially designated December 4 as the International Day of Banks through resolution 74/245 on December 19, 2019. This resolution recognizes the pivotal contributions of multilateral development banks and international development institutions in financing sustainable development and sharing essential knowledge and expertise.

The day also emphasizes the indispensable role of domestic banking systems in Member States, particularly their ability to uplift living standards. According to the UN website, banks act as vital enablers for fostering economic stability and growth by ensuring access to financial resources and enhancing economic opportunities.

Banking Sector in India: A Beacon of Stability and Growth :

The Indian banking sector has emerged as a cornerstone of economic resilience, showcasing strong performance indicators even amidst global uncertainties. The following factors have contributed to the sector’s success:

1. Enhanced Asset Quality : Indian banks have demonstrated a significant improvement in asset quality, attributed to:

* Improved borrower selection processes.
* More effective mechanisms for debt recovery.

Greater awareness of debt obligations among large borrowers.

2. Strengthened Governance and Transparency : The focus on qualitative aspects such as enhanced disclosures, robust codes of conduct, and transparent governance structures has strengthened the trust in India’s banking system.

3. Regulatory Support from RBI and the Government : The Reserve Bank of India (RBI) and the Government of India have implemented macro- and micro-prudential measures, ensuring the banking system’s stability. These measures include:

* Increased risk absorption capacity.
* Stringent capital and liquidity requirements.

This robust framework ensures that Indian banks remain resilient even during challenging economic cycles.

Role of the RBI in Strengthening Banking Systems :

The Reserve Bank of India (RBI) has played a pivotal role in ensuring the stability and efficiency of the banking system. Established under the Reserve Bank of India Act, 1934, its objectives include:


By consistently implementing innovative policies, the RBI has ensured that Indian banks remain prepared to navigate both domestic and international challenges.

Indian Capital Markets: A Reflection of Economic Strength :

India’s capital markets have emerged as a global powerhouse, supported by a robust primary market. With a stock market capitalization-to-GDP ratio ranked fifth globally, India has positioned itself as a key player in global financial markets.

Impressive Fund Mobilisation in FY24 : During Financial Year 2023-24 (FY24), the Indian primary market facilitated capital formation worth ?10.9 lakh crore, marking a significant growth from ?9.3 lakh crore in FY23. Key highlights include:


This robust capital formation underscores the confidence investors and stakeholders have in the Indian financial ecosystem.