Current Affairs Today: 07th March 2025 | Daily GK Update
National News
1. What is AIKosha and why was it launched?
Answer: AIKosha is a secure hub for AI datasets, models, and use cases launched under the IndiaAI Mission. It includes sandbox capabilities, encryption, and secure APIs to support innovation in AI research and development.
2. What subsidy is offered under the IndiaAI Compute Portal?
Answer: The portal provides up to 40% subsidy on high-end GPUs like NVIDIA H100, AMD MI300x, and AWS Tranium to support AI development in India.
3. What initiative was launched to empower women in the mining sector?
Answer: The “Celebrating Women in Mining Sector” event, organized by the Ministry of Mines and Coal India Limited, honored 46 women professionals and promoted gender inclusivity in mining.
4. What is the Sahitya Akademi Festival of Letters 2025?
Answer: Asia’s largest literature festival, held from March 7–12 at Rabindra Bhavan, New Delhi. It features 700 writers from 50+ languages across 100 sessions, celebrating Indian literary traditions.
International News
5. What increase did China make to its defence budget in 2025?
Answer: China raised its defence budget by 7.2%, totaling approximately $245 billion, focusing on military modernization and regional security.
State News
6. What cybersecurity initiative was launched by Kerala Police?
Answer: Kerala CM inaugurated the Advanced Cybersecurity Operations Centre (SOC), developed by C-DOT, featuring the TRINETRA system to protect police and critical infrastructure.
Awards News
7. What international honor was conferred on PM Modi?
Answer: PM Modi received the ‘Honorary Order of Freedom of Barbados’ for his leadership during the COVID-19 pandemic. The award was accepted on his behalf by Union Minister Pabitra Margherita.
Business News
8. What is PhonePe’s ‘Insuring HEROES’ campaign?
Answer: Launched for International Women’s Day 2025, it offers up to 30% off on term life insurance and 15% off on health insurance for women from March 6–9 via the PhonePe app.
Banking News
9. What financial milestone did SEBI achieve in FY 2023–24?
Answer: SEBI’s total income rose by 48% to ₹2,075 crore, driven by increased fees and subscriptions. Expenditure reached ₹1,006 crore, with strong reserves in its General and Investor Protection Funds.
Appointments News
10. Who became India’s first woman Law Secretary?
Answer: Anju Rathi Rana, a senior Indian Legal Service officer, was appointed as the first woman Law Secretary, succeeding Niten Chandra.
Agreements News
11. What MoU was signed to boost river cruise tourism in J&K?
Answer: IWAI signed an MoU with the J&K government to develop cruise tourism on Rivers Chenab, Jhelum, and Ravi, enhancing employment and infrastructure.
12. What is Project HAKK launched by HDFC Bank?
Answer: Under its Parivartan initiative, HDFC Bank partnered with the Indian Air Force and CSC Academy to support defence pensioners and veterans through financial services and skill development.
13. What partnership was formed to support MSMEs?
Answer: SIDBI and Federal Bank signed an MoU to offer project finance, equipment loans, and working capital support to MSMEs, promoting industrial growth.
Ranks & Reports
14. What is India’s rank in Knight Frank’s Wealth Report 2025?
Answer: India ranked 4th globally with 85,698 High Net-Worth Individuals (HNWIs), showing a 6% YoY growth and accounting for 3.7% of the world’s wealthy population.
Summits & Conferences
15. What was India’s role at the World Sustainable Development Summit 2025?
Answer: India showcased its climate leadership through initiatives like ISA, CDRI, and Mission LiFE. The summit was inaugurated by Union Minister Bhupender Yadav in New Delhi.
Sports News
16. Who announced retirement from ODIs after the Champions Trophy?
Answer: Mushfiqur Rahim, Bangladesh’s veteran wicketkeeper-batsman, retired from ODIs after a 19-year career, citing recent challenges.
Important Days
17. What is the significance of National Dentist’s Day?
Answer: Observed on March 6, it promotes oral hygiene and honors dental professionals for their role in maintaining public health.
18. What is Jan Aushadhi Diwas and why is it celebrated?
Answer: Celebrated on March 7, it promotes affordable generic medicines under PMBJP. A week-long campaign highlights the benefits of Jan Aushadhi Kendras.
Obituaries
19. Who was Fred Stolle and what was his legacy?
Answer: Fred Stolle, legendary Australian tennis player and commentator, passed away at 86. He was a key figure in Australia’s golden tennis era of the 1960s.