Daily Current Affairs 29th Jan, 2025: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important daily current affairs of 29th Jan, 2025. It includes all Major National, International, Business and Sports related current affairs of 29th 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 29th Jan, 2025 Current affairs test.
National News
PM Modi Inaugurates 38th National Games in Dehradun
- The 38th National Games were inaugurated by PM Narendra Modi in Dehradun, Uttarakhand.
- The event, themed ‘Green Games,’ promotes environmental sustainability.
Haryana CM Inaugurates 324 New Crèche Centers to Support Working Women
- Haryana Chief Minister Nayab Singh Saini launched 324 crèche centers across the state to provide childcare facilities for working women.
- This initiative ensures a safe environment for children while their mothers are at work.
- Women Sarpanches will now act as brand ambassadors for their villages, promoting the ‘Beti Bachao, Beti Padhao’ campaign to empower and educate girls.
- The ‘Bima Sakhi Yojana’ will enable women to earn a monthly salary while receiving commissions on insurance policies, along with additional incentives.
- Under the ‘Har Ghar-Har Grihini Yojana,’ 13.24 lakh underprivileged families will receive gas cylinders at a subsidized rate of ₹500 per month.
Finance News
RBL Bank and Piramal Finance Collaborate for Co-Lending Business
- Ratnakar Bank Limited (RBL Bank) and Piramal Capital and Housing Finance have entered into a strategic partnership for co-lending.
- This initiative aims to provide financial assistance to middle- and low-income groups in rural and semi-urban areas.
- The collaboration will enhance credit availability for individuals who may otherwise struggle to access formal banking services.
International News
India and Oman to Modify Tax Treaty and Advance Trade Pact Discussions
- India and Oman have agreed to fast-track negotiations on a Comprehensive Economic Partnership Agreement (CEPA).
- A protocol has been signed to amend the Double Taxation Avoidance Agreement (DTAA) between the two nations.
- These efforts aim to strengthen bilateral trade, boost investment opportunities, and enhance economic cooperation.
UAE President Declares 2025 as the ‘Year of Community’
- UAE President Sheikh Mohamed bin Zayed Al Nahyan announced 2025 as the “Year of Community.”
- The initiative, themed “Hand in Hand,” aims to foster social unity and inclusivity.
- Various programs and events will be organized to promote volunteerism, strengthen social bonds, and celebrate cultural diversity.
India and Indonesia Strengthen Ties with Five MoUs
- Indian and Indonesian governments signed five Memorandums of Understanding (MoUs) to enhance bilateral cooperation.
- Indonesian President Prabowo Subianto visited India from January 23 to 26, 2025, marking his first official trip since assuming office in 2024.
- President Subianto was the Chief Guest at India’s 76th Republic Day celebrations.
State News
PM Modi Inaugurates ‘Utkarsh Odisha’ Business Conclave
- PM Narendra Modi inaugurated the ‘Utkarsh Odisha – Make in Odisha Conclave 2025, at Janata Maidan, Bhubaneswar.
- Odisha CM Mohan Charan Majhi and Union Ministers Dharmendra Pradhan and Ashwini Vaishnaw attended the event.
- The two-day conclave aims to attract investments, promote industrial growth, and position Odisha as a leading economic hub in Eastern India.
Tripura Becomes First Northeastern State to Sign MoU for Multi-Lingual Governance
- On January 28, 2025, Tripura signed an MoU with the Digital India Bhashini Division (DIBD) under the Ministry of Electronics and Information Technology (MeitY).
- This initiative aims to enhance the use of regional languages in governance, improving accessibility to public services.
Sikkim’s Unique Tax-Free Status Explained
- Sikkim is known for its distinct tax policies, which exempt its residents from certain taxes.
- This tax exemption status is rooted in historical, legal, and socio-economic factors.
- The policy has significant implications for the state’s economy and residents.
Telangana CM Announces Four Welfare Schemes on Republic Day
- Telangana CM A. Revanth Reddy launched four major welfare initiatives on January 26, 2025.
- These schemes are designed to benefit farmers, landless agricultural laborers, and marginalized communities.
- The initiatives fulfill the Congress Party’s election promises made during the 2023 Telangana Legislative Assembly elections.
Banking News
JioSoundPay Simplifies UPI Payments for Small Businesses
- Jio has introduced JioSoundPay, a feature providing instant, multilingual audio confirmations for UPI payments.
- This innovation helps small businesses, such as kirana stores and street vendors, conduct seamless digital transactions.
RBI Fixes 6.66% Interest Rate on GOI Floating Rate Bonds 2035
- The Reserve Bank of India (RBI) has set the interest rate for Government of India Floating Rate Bonds 2035 (GOI FRB 2035) at 6.66% per annum.
- It is determined based on the prevailing 5-year yield on government securities.
SBI Payments & Pine Labs Expand Digital Commerce Partnership
- State Bank of India (SBI) Payments and Pine Labs have strengthened their 12-year-old partnership to boost digital commerce.
- The collaboration, effective from aims to improve merchant solutions and promote digital payments across India.
Banks Rethink Recovery Strategies Amid Declining IBC Effectiveness
- The Insolvency and Bankruptcy Code (IBC) is witnessing reduced effectiveness due to a slowdown in case admissions and declining recovery rates.
- Banks are now exploring alternative recovery methods.
Science & Technology News
The Rapid Shift of Earth’s Magnetic North Pole
- Scientific studies indicate that the Magnetic North Pole is drifting toward Siberia.
- This shift affects navigation systems, animal migration, and global communication networks.
ISRO’s Historic 100th Mission from Sriharikota: NVS-02 Satellite Launch
- ISRO successfully launched the NVS-02 navigation satellite on January 29, 2025.
- The GSLV-F15 rocket lifted off from the Satish Dhawan Space Centre, placing the satellite in orbit.
- This mission enhances India’s Navigation with Indian Constellation (NavIC) system.
Awards News
Lieutenant Governor Manoj Sinha Receives Maharaja Hari Singh Award
- Jammu & Kashmir’s LG Manoj Sinha was honored with the Maharaja Hari Singh Award.
- The award recognizes his contributions to governance, reform, and planning in the region.
Sports News
PM Modi Inaugurates 38th National Games in Dehradun
- The 38th National Games were inaugurated by PM Narendra Modi in Dehradun, Uttarakhand.
- The event, themed ‘Green Games,’ promotes environmental sustainability.
Ladakh Dominates Khelo India Winter Games 2025; Army Wins Ice Hockey Title
- Ladakh topped the Khelo India Winter Games held in Leh.
- The Indian Army retained its men’s ice hockey title.
Important Days
Indian Newspaper Day 2025: Significance and Evolution
- India observes Indian Newspaper Day annually on January 29.
- The day commemorates the introduction of the first newspaper in pre-Independence India.
- It highlights the crucial role newspapers have played in shaping socio-political discourse and encourages daily newspaper reading.