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Art and Culture
01 May, 2025
GK Update
Thu 24 Apr, 2025
NATIONAL NEWS
White-Collar Hiring
- In March 2025, India witnessed a strong 38% year-on-year growth in white-collar hiring. This significant rise reflects a notable surge in the demand for white-collar jobs across the country.
Related Facts:
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State Special
State’s First EMC: Uttar Pradesh
- The Central Government has approved the establishment of the state’s first Electronics Manufacturing Cluster (EMC) in Greater Noida, Uttar Pradesh.
- This center will be developed in Sector 10 of the Yamuna Expressway Industrial Development Authority (YEIDA) region, with an investment of approximately ₹539 crore.
Uttar Pradesh :
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International News
Pahalgam Terror Attack
- India has taken a strong stance against Pakistan and initiated several major actions following the terror attack in Pahalgam.
The following important decisions were taken in the meeting of the Union Cabinet Committee on Security (CCS):
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Economy and Banking
TCS Implemented
- A 1% Tax Collected at Source (TCS) has now been imposed on luxury items priced above ₹10 lakh, including handbags, wristwatches, footwear, sportswear, and other high-end goods.
- This rule came into effect on 22 April 2025, aiming to track high-value purchases and enhance tax transparency.
Tax Collection at Source (TCS):
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India's Growth Forecast
- The World Bank has revised India's GDP growth forecast for the fiscal year 2025-26 from 6.7% to 6.3%, indicating a 0.4% decline in the projection.
World Bank:
| Established: 1944 (Bretton Woods Conference, USA) | Headquarters: Washington D.C., USA | India is a member of the World Bank since 1944 |
Domestic Air Passengers in India
- In March 2025, the number of domestic air passengers in India is estimated to reach 14.88 million, marking an 11.3% increase compared to the same month last year.
- It also reflects a 5.9% rise over February 2025, which recorded 14.04 million passengers.
Related Facts:
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Books and Authors
'I Am Circular'
- On 23 April 2025, the Ministry of Electronics and Information Technology (MeitY), in collaboration with the International Council for Circular Economy (ICCE), launched a coffee table book titled 'I Am Circular'.
- This book is a visual celebration of 30 key innovations that promote India’s circular economy, showcasing how sustainable, smart, and scalable technologies enable resource recycling and optimal utilization.
Key Facts:
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Key Themes:
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Environment News
Marine-Based Carbon Capture Project
- The UK government has launched a new marine-based carbon capture project named "SeaCURE", aimed at removing large-scale carbon dioxide (CO₂) from the atmosphere.
- The project has been set up at the SEA LIFE Centre in Weymouth, southern England, and is funded by a £3 million grant from the UK government.
Carbon dioxide:
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Person In News
T. Ravi Shankar
- The Government of India has extended the term of T. Ravi Shankar, Deputy Governor of the Reserve Bank of India (RBI), for another year. He will now remain in the position until May 2026.
- This marks his second consecutive one-year extension. The Appointments Committee of the Cabinet (ACC) issued an order on 21 April 2025, approving his reappointment for one year, effective from 3 May 2025 or until further orders, whichever is earlier.
Related Facts:
| T. Ravishankar was first appointed as Deputy Governor in May 2021 for a term of three years. |
Important Days
National Panchayati Raj Day
- National Panchayati Raj Day is celebrated annually on 24 April in India. This day commemorates the 73rd Constitutional Amendment Act of 1993, which granted constitutional recognition to the three-tier Panchayati Raj system in India.
History of Panchayati Raj System :
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