Daily Current Affairs 28th Jan, 2025: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important daily current affairs of 28th Jan, 2025. It includes all Major National, International, Business and Sports related current affairs of 28th 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 28th Jan, 2025 Current affairs test.
International News
- Kathmandu Hosts International Pashmina Festival
- The first-ever International Pashmina Festival and Exhibition was organized by the Nepal Pashmina Industries Association and the Confederation of Nepalese Industries.
- The event showcased Chyangra Pashmina, a premium natural fiber from the Pashmina goat, celebrating Nepal’s heritage and craftsmanship in Pashmina production.
- It highlighted global recognition of Nepali Pashmina and traditional weaving expertise.
DeepSeek AI Surpasses ChatGPT in the US App Store
- Chinese startup DeepSeek AI surpassed OpenAI’s ChatGPT as the most downloaded free app in the US on Apple’s App Store.
- Founded in 2023, its advanced reasoning model, R1, competes directly with OpenAI’s technology.
- This development reflects the growing competitiveness of the generative AI market, projected to reach $1 trillion in revenue within a decade.
Lukashenko Wins Controversial Belarus Election
- Alexander Lukashenko secured his seventh term as President of Belarus, extending his 30-year rule.
- The election results, showing Lukashenko winning 87% of the vote, were widely criticized as fraudulent by domestic opposition and international observers.
National News
Revised Timeline of Iron Age in India
- A recent study titled “Antiquity of Iron: Recent Radiometric Dates from Tamil Nadu” by K. Rajan and R. Sivanantham proposes that the Iron Age in Tamil Nadu began as early as 3345 BCE.
- This timeline challenges earlier estimates of 1200 BCE globally and 1500–2000 BCE in India.
- The findings are based on advanced radiometric dating techniques and have significant implications for Indian and global historical narratives.
Mahakumbh 2025 and Prayagraj Airport’s Modernization
- Prayagraj Airport has been upgraded under the leadership of PM Modi and Civil Aviation Minister Shri Ram Mohan Naidu for Mahakumbh 2025.
- Enhancements include expanded facilities and improved connectivity, transforming it into a modern hub capable of accommodating millions of devotees between January 13 and February 26, 2025.
Economy News
India’s New Norms for Tax Treaty Benefits
- The Indian Income Tax Department issued guidelines on the Principal Purpose Test (PPT) for claiming tax treaty benefits, aligning with global standards like the OECD’s BEPS Action Plan 6.
- The new norms will apply prospectively, providing clarity on treaties with Cyprus, Mauritius, and Singapore.
Global Plastic Action Partnership (GPAP)
- The World Economic Forum’s Global Plastic Action Partnership expanded to 25 countries, focusing on a circular economy to tackle plastic pollution.
- GPAP has become a pivotal platform for addressing environmental and health impacts of plastic waste.
World University Rankings by Subject 2025
- The Times Higher Education released its 2025 rankings, with US institutions dominating in nine out of eleven disciplines, showcasing their consistent global excellence.
₹500 Crore Capital Infusion into IFCI
- The Government of India approved a ₹500 crore infusion into the Industrial Finance Corporation of India (IFCI) for FY 2024-25.
- This funding aims to bolster IFCI’s financial health before its planned restructuring and consolidation.
Banking News
NUCFDC for Urban Cooperative Banks
- The Reserve Bank of India approved the creation of the National Urban Cooperative Finance and Development Corporation (NUCFDC) to enhance Urban Cooperative Banks’ operational efficiency.
- The initiative focuses on addressing challenges like regulatory compliance and technological advancement.
Rakesh Sharma Reappointed as MD & CEO of IDBI Bank
- IDBI Bank’s Board reappointed Rakesh Sharma as MD & CEO for a three-year term starting March 19, 2025, following RBI’s approval.
City Union Bank’s Success at IBA Awards
- City Union Bank (CUB) won seven awards at the 19th Banking Technology Conference, marking its second consecutive year of success.
- The awards emphasize technological innovation and CUB’s excellence in the banking sector.
Sports News
Melie Kerr Wins ICC Women’s Player of the Year Award
- New Zealand’s Melie Kerr was awarded the Rachael Heyhoe Flint Trophy for her exceptional cricket performances, including helping her team win the ICC Women’s T20 World Cup 2024.
Awards News
Doordarshan Wins Media Award for Electoral Campaigns
- Doordarshan was recognized for its voter awareness campaign during the 2024 Lok Sabha Elections, particularly its impactful series “Chunav Ka Parv Desh Ka Garv”.
Hariman Sharma Awarded Padma Shri
- Farmer Hariman Sharma from Himachal Pradesh received the Padma Shri for developing the HRMN-99 apple variety, suitable for tropical and subtropical regions, revolutionizing Indian agriculture.
Indian Short Film Anuja Nominated for Oscars
- Anuja, an Indian short film produced by Priyanka Chopra and Guneet Monga, was nominated for Best Live Action Short Film at the 97th Academy Awards.
- Farmer Hariman Sharma from Himachal Pradesh received the Padma Shri for developing the HRMN-99 apple variety, suitable for tropical and subtropical regions, revolutionizing Indian agriculture.
Important Days
- 160th Birth Anniversary of Lala Lajpat Rai
- India commemorates the 160th birth anniversary of Lala Lajpat Rai, the ‘Punjab Kesari’, on January 28, 2025.
- He was a key figure in the Indian independence movement and contributed as a freedom fighter, social reformer, and journalist.