Daily Current Affairs 31st Jan, 2025: Your guide for daily General Knowledge Preparation
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This post contains important daily current affairs of 31st Jan, 2025. It includes all Major National, International, Business and Sports related current affairs of 31st 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 31st Jan, 2025 Current affairs test.
National News
IRDAI Limits Annual Health Insurance Premium Hikes for Senior Citizens.
• The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new rule to protect senior citizens from excessive health insurance premium hikes.
• Effective immediately, insurance companies are now restricted from increasing premiums for individuals aged 60 and above by more than 10% annually unless prior approval is obtained from IRDAI.
• This move is aimed at making health insurance more affordable for senior citizens, particularly those with fixed incomes.
 Appointment of Retired Judges as Ad Hoc Judges in High Courts.
• Article 224A of the Indian Constitution allows the appointment of retired judges as ad hoc judges in High Courts.
• The Chief Justice of a High Court can request a retired judge to sit as an ad hoc judge, with prior consent from the President of India.
• Ad hoc judges are entitled to the same powers, privileges, and allowances as permanent High Court judges, but they are not permanent members of the judiciary.
Empowering Women in Odisha the Subhadra Scheme and IIM Sambalpur’s Role.
• The Subhadra Scheme is an initiative by the Odisha Government’s Women and Child Development Department, aiming to uplift women across the state.
• The scheme focuses on providing financial assistance, boosting digital literacy, and enhancing access to social safety nets for women.
• As a part of the BJP’s election promises ahead of the 2024 Odisha elections, the Subhadra Scheme is already making a tangible impact on women’s socio-economic status in the state.
Rank & Report News
NPCI Announces Stricter UPI Rules from February.
• The National Payments Corporation of India is set to introduce new compliance rules for Unified Payments Interface transactions starting February 1, 2025.
• Under the updated rules, UPI transaction IDs will be strictly alphanumeric, and special characters will no longer be permitted.
• The update aims to enhance security, standardize transactions, and streamline the efficiency of India’s growing digital payments ecosystem.
Economic Survey 2025: Nirmala Sitharaman Presents the 2024-25 Report.
• The Economic Survey for 2024-25, presented by Finance Minister Nirmala Sitharaman, forecasts a steady GDP growth of 6.4% for India in FY25.
• The report highlights key areas such as stable inflation, strong trade performance, and efforts to boost Foreign Direct Investment in the manufacturing and technology sectors.
Banking News
SEBI Unveils ‘Dharohar’: A Digital Tribute to India’s Market Legacy.
• On January 26, 2025, the Securities and Exchange Board of India launched a digital platform titled “Dharohar – Milestones in the Indian Securities Market”.
• The platform aims to serve as a digital tribute to India’s rich securities market history, which spans over 150 years.
• Unveiled on India’s 76th Republic Day, this initiative seeks to preserve and showcase the development and milestones of the Indian securities market over time.
Business News
Tata Steel Develops India’s First Hydrogen-Transport Pipes.
• Tata Steel has achieved a major milestone in India’s clean energy sector by developing the country’s first hydrogen-compliant pipes.
• These pipes are specifically designed for hydrogen transport and are a key step in supporting India’s transition to clean energy.
• This development aligns with the global push for sustainable energy solutions and supports India’s National Hydrogen Mission.
Science & Technology News
BIMTECH Launches BIMCOIN: India’s First Campus Blockchain Currency.
• The Birla Institute of Management Technology (BIMTECH) has launched BIMCOIN, India’s first blockchain-based digital currency for transactions within the campus.
• With this innovation, BIMTECH becomes the first business school in India to adopt blockchain technology, following in the footsteps of IIT Madras.
• BIMCOIN aims to create a secure, transparent, and efficient system for financial transactions within the academic environment.
Appointments News
Vedanta Resources Names Deshnee Naidoo as First CEO.
• Vedanta Resources Ltd (VRL) has appointed Deshnee Naidoo as its first-ever Chief Executive Officer (CEO), marking a new phase in the company’s growth.
• Naidoo’s appointment, which took effect on January 20, 2025, is part of Vedanta’s strategic plan to enhance its leadership.
Rajesh Nirwan Appointed as Director General of BCAS.
• The Appointments Committee of the Cabinet has confirmed the appointment of Rajesh Nirwan, a senior Indian Police Service officer, as the Director General of the Bureau of Civil Aviation Security.
• Nirwan’s appointment, which is effective from the date he assumes office, will continue until further orders.
Maruti Suzuki Re-Appoints Hisashi Takeuchi as MD and CEO.
• Maruti Suzuki India Ltd has extended the term of Hisashi Takeuchi as its Managing Director and Chief Executive Officer .
• Takeuchi’s reappointment will be effective from April 1, 2025, through March 31, 2028, as the company seeks to leverage his leadership to navigate the evolving automotive market in India.