Daily Current Affairs 12th Jan, 2025: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 12th Jan, 2025. It includes all Major National, International, Business and Sports related current affairs of 12th Jan, 2025. 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 12th Jan, 2025 Current affairs test.
Banking & Finance News
- RBI Removes Lending Restrictions on Asirvad Micro Finance and DMI Finance
The Reserve Bank of India (RBI) has lifted lending restrictions on Asirvad Micro Finance, based in Chennai, and DMI Finance, located in Delhi. These sanctions were imposed earlier due to concerns about excessive interest rates. The decision to lift the restrictions follows compliance with regulatory guidelines and improved processes by the entities. - SEBI Revises Credit Rating Agency Regulations
The Securities and Exchange Board of India (SEBI) has updated its regulations for credit rating agencies (CRAs) by changing timelines from “days” to “working days” for operational efficiency. Key changes include:- Press Releases: CRAs must publish rating action press releases within seven working days.
- Debt Servicing Delays: Reviews of ratings due to delays in debt servicing are now extended to two working days.
- Issuer Non-Cooperation: Ratings can be tagged as “Issuer Not Cooperating” within five working days if No-Default Statements (NDS) are not submitted for three consecutive months.
- Debt Servicing Confirmation: CRAs are required to confirm debt servicing within one working day of the due date and issue a press release within two working days if confirmation is not received.
- RBI Increases Gold Reserves by 8 Tonnes
In November 2024, the Reserve Bank of India added 8 tonnes of gold to its reserves, raising the total to 876 tonnes. This move makes India the second-largest gold buyer of the year after Poland. - NPCI Introduces Contactless Payment Solutions in Chennai
The National Payments Corporation of India (NPCI), in collaboration with Chennai’s Metropolitan Transport Corporation (MTC), launched the ‘RuPay on-the-go’ contactless payment solution under the National Common Mobility Card (NCMC) initiative. - RBI Issues Draft Financial Statement Formats for Co-operative Banks
The Reserve Bank of India has proposed new draft formats for the balance sheet and profit and loss account of co-operative banks to align financial reporting with modern accounting standards
National News
- India Launches Urban Water Sustainability Program
A government initiative addressing urban water challenges has been introduced, focusing on sustainable solutions and advanced technologies. - Kumbhalgarh Wildlife Sanctuary Declared a Biodiversity Hotspot
Rajasthan’s Kumbhalgarh Wildlife Sanctuary has been recognized as a biodiversity hotspot to protect endangered species and promote eco-tourism. - PM Modi Launches Pravasi Bharatiya Express
Prime Minister Narendra Modi flagged off the Pravasi Bharatiya Express on January 9, 2025. This tourist train is part of the Pravasi Teerth Darshan Yojana, aimed at strengthening cultural ties with the Indian diaspora. - Viksit Bharat Young Leaders Dialogue 2025
The National Youth Festival has been rebranded as the Viksit Bharat Young Leaders Dialogue. The initiative focuses on youth empowerment and actionable leadership for India’s development vision for 2047.
International News
- Mount Ibu Erupts in Indonesia
Mount Ibu in North Maluku erupted, sending ash clouds up to 3 kilometers high. This is part of the region’s frequent volcanic activity. - Iran Expels Senior UK Diplomat
Iran has expelled a senior British diplomat, citing interference in its internal matters. This marks a further strain in UK-Iran relations. - India Pledges $20 Million for Gaza Relief
India has allocated $20 million in humanitarian aid to support relief efforts in Gaza amid ongoing regional conflicts.
Appointments News
- Vandana Singh Appointed Chairperson of CCI
Vandana Singh has become the first woman chairperson of the Competition Commission of India, focusing on fostering competitive markets. - Ajay Singh Becomes CEO of BPCL
Ajay Singh has been appointed CEO of Bharat Petroleum Corporation Limited, leveraging over 20 years of expertise in the oil and gas sector.
Awards and Recognitions News
- Kailash Satyarthi Receives Global Peace Prize
Nobel Laureate Kailash Satyarthi has been honored with the Global Peace Prize 2025 for his advocacy for children’s rights. - Indian Film “Swaraj” Wins Best Picture at Golden Globes
The historical drama “Swaraj,” based on India’s independence movement, has won the Best Picture award at the Golden Globes.
Science & Technology News
- ISRO Announces Mars Orbiter Mission-2
ISRO has unveiled plans for MOM-2, a Mars exploration mission scheduled for 2026, aimed at studying Martian atmospheric conditions. - DRDO Successfully Tests Hypersonic Missile
India’s DRDO has tested an indigenous hypersonic missile, achieving speeds over Mach 6, enhancing national defense capabilities.
Sports News
- India Wins ICC U-19 Cricket World Cup
India triumphed over South Africa in the ICC U-19 Cricket World Cup final, showcasing exceptional performances throughout the tournament. - PV Sindhu Wins Malaysia Open 2025
Indian badminton player PV Sindhu claimed the title at the Malaysia Open 2025 in a fiercely contested match.
Obituaries News
- Suresh Kumar, Eminent Environmentalist, Passes Away
Renowned environmentalist Suresh Kumar, celebrated for his forest conservation efforts, passed away at the age of 78.
