Daily Current Affairs 16th March 2025: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains daily current affairs 16th March 2025. It includes all National, International, Business & Sports related current affairs 16th March 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 16th March, 2025 Current affairs test.
Banking News
State Bank of India to Establish AI & Fintech Project Finance Unit
- The State Bank of India is setting up a “Center of Excellence for Project Financing”, which will focus on providing financial support to emerging industries such as Artificial Intelligence , e-commerce, and fintech.
- This initiative will expand SBI’s Project Finance and Structuring division, which has traditionally been responsible for financing large-scale infrastructure projects.
- To manage this specialized unit, SBI will recruit industry experts with expertise in project financing for modern sectors.
Flipkart-backed Super.money Joins the Top Five UPI Apps in India: NPCI Data
- Super.money, a UPI payment app supported by Flipkart Group, has become the fifth-largest UPI app in India, surpassing Cred, which has now slipped to the sixth position, as per NPCI (National Payments Corporation of India) data.
- UPI achieved a major milestone when its daily transaction value exceeded ₹1 lakh crore, reaching an all-time high of ₹1,01,628 crore.
BUSINESS NEWS
India to Overtake Germany and Become the World’s 3rd Largest Economy by 2028: Morgan Stanley
- Morgan Stanley predicts that by 2028, India will become the third-largest economy globally, surpassing Germany.
- Initiatives like “Make in India” and “Digital India” have transformed villages into industrial centers and cities into major economic hubs.
- Significant infrastructure projects have modernized landscapes and improved nationwide connectivity.
- Bold economic reforms have attracted substantial foreign investments, accelerating India’s economic growth.
NATIONAL NEWS
India’s First-Ever Fit India Carnival at Jawaharlal Nehru Stadium, New Delhi
- The first-ever Fit India Carnival is set to launch at Jawaharlal Nehru Stadium in New Delhi.
- This three-day fitness and wellness event is aligned with the Fit India Movement, encouraging a healthier and more active lifestyle among citizens.
Lachit Barphukan Police Academy Inaugurated in Assam by Amit Shah
- Union Home Minister Amit Shah inaugurated the Lachit Barphukan Police Academy in Dergaon, Assam.
- The event was attended by Assam Chief Minister Dr. Himanta Biswa Sarma, Union Minister Sarbananda Sonowal, and other dignitaries.
INTERNATIONAL NEWS
UN Secretary-General Launches ‘UN80 Initiative’ to Improve Efficiency
- United Nations (UN) Secretary-General Antonio Guterres has introduced the ‘UN80 Initiative’ to enhance operational efficiency as the global organization approaches its 80th anniversary.
- The initiative focuses on cost-cutting measures and streamlining processes to improve the UN’s effectiveness amid growing global challenges.
India Participates in the 353rd ILO Governing Body Meeting in Geneva
- The 353rd Governing Body Meeting of the International Labour Organisation (ILO) is being held in Geneva, Switzerland, from March 10 to March 20, 2025.
- Representatives from governments, worker unions, and employer associations are participating to discuss global labor policies and employment regulations.
New Crew Arrives at ISS to Replace Astronauts Stranded for Nine Months
- A SpaceX Dragon capsule successfully transported four new astronauts to the International Space Station, allowing Butch Wilmore and Suni Williams to finally return home after being stranded for nine months.
- The Dragon spacecraft docked with the ISS at 4:04 AM (UK time), following a 29-hour journey from NASA’s Kennedy Space Center.
- The new team consists of NASA’s Anne McClain, Nichole Ayers, Japan’s Takuya Onishi, and Russia’s Kirill Peskov.
- They will replace the Crew-9 astronauts and stay aboard the ISS for six months.
Reason for Wilmore and Williams’ Extended Stay
- Their mission was initially planned for eight days, but their Boeing Starliner spacecraft experienced technical failures.
- NASA ruled that the spacecraft was unsafe for reentry, leading to their extended stay until an alternative spacecraft arrived.
- Their replacement vehicle arrived in September 2024, with two empty seats reserved for their return.
SPORTS NEWS
India Tops Medal Tally at the World Para Athletics Grand Prix 2025
- India secured the highest number of medals at the World Para Athletics Grand Prix 2025 in New Delhi.
- The event saw India win 134 medals, including:
- 45 Gold,40 Silver,49 Bronze
- This historic achievement reinforces India’s commitment to para-athletics and inclusivity in sports.
- Hosted at Jawaharlal Nehru Stadium, the event was India’s first international para-athletics tournament and will be held annually until 2028.
IMPORTANT DAYS
National Vaccination Day – March 16, 2025
- Observed annually on March 16, National Vaccination Day emphasizes the importance of immunization in public health.
- First observed in 1995, marking the launch of India’s first Oral Polio Vaccine program.
- The day highlights the success of India’s Pulse Polio Campaign, which helped eradicate polio by 2014, as certified by the World Health Organization.
- It serves as a reminder of the role of vaccines in preventing diseases like COVID-19, measles, and rubella.
