Daily Current Affairs 25th Dec, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 25th Dec, 2024. It includes all Major National, International, Business and Sports related current affairs of 25th Dec, 2024. 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 Dec, 2024 Current affairs test.
International News
India and EFTA Move Forward with TEPA Agreement for $100-Billion Investment
- India and the European Free Trade Association (EFTA), comprising Switzerland, Iceland, Norway, and Liechtenstein, entered into the Trade and Economic Partnership Agreement (TEPA) in March 2024. This partnership seeks to boost trade and investment ties.
- The EFTA countries have pledged $100 billion in investments in India over the next 15 years, a move expected to generate 1 million new job opportunities.
National News
Theme for 2025 Republic Day Tableaux and Selection Process Announced
- The 2025 Republic Day Tableaux will revolve around the theme “Swarnim Bharat: Virasat aur Vikas,” or “Golden India: Heritage and Progress.” The theme celebrates India’s cultural legacy and its strides toward progressive development.
Union Agriculture Minister Introduces a New Scheme to Support Farmers
- Shivraj Singh Chouhan, Union Agriculture Minister, revealed a forthcoming scheme designed to alleviate farmers’ transportation costs.
- The initiative aims to subsidize transportation expenses, empowering farmers to access larger markets in major cities, such as Delhi, Mumbai, Chennai, and Kolkata, thereby increasing their income potential.
Banking& Finance News
Centre Sets FY26 Fiscal Deficit Target Below 4.5% of GDP
- The central government has reaffirmed its commitment to reducing the fiscal deficit to below 4.5% of GDP by the financial year 2025-26. This target is part of the fiscal consolidation roadmap laid out during the FY22 Union Budget.
- The government remains focused on enhancing the efficiency of public spending while strengthening social security initiatives to benefit the underprivileged, all while adhering to fiscal discipline.
Science &Technology News
Start-ups to Propel India’s Space Sector by 2025
- India is gearing up for its first orbital launch by 2025, with significant contributions from start-ups like Skyroot and Agnikul, which are expected to achieve their sub-orbital launches prior to this milestone.
ISRO Completes Successful Hot Test of CE20 Cryogenic Engine
- The Indian Space Research Organisation (ISRO) has successfully conducted a sea-level hot test of its CE20 cryogenic engine.
- The test, which included systems enabling engine restarts, marks a crucial milestone for ISRO’s forthcoming space exploration missions.
Important Days
Christmas Day Celebrations: December 25
- Christmas, a widely celebrated festival, takes place every year on December 25 to commemorate the birth of Jesus Christ, regarded as the Son of God by Christians.
- The day is filled with festive joy, religious ceremonies, and celebrations worldwide.
Business News
Simplified GST Registration for Small Businesses Within 3 Days
- To streamline the Goods and Services Tax (GST) registration process and minimize fraudulent activities, the GST Council has granted in-principle approval for a mechanism allowing small and new businesses to complete their registrations within three days.
Lohia Auto Launches New EV Brand ‘Youdha’ with Ambitious Expansion Plan
- Lohia Auto Industries has launched its new electric vehicle (EV) brand, ‘Youdha,’ as part of its Rs 20-crore expansion strategy.
- The company aims to manufacture and sell 3 lakh electric vehicles under the ‘Youdha’ brand by 2027.
