Daily Current Affairs – 28-03-2025
Tamil Nadu
RBI Revises
Economic Capital Framework (ECF) 2025
® The Reserve Bank of India (RBI) has revised its Economic Capital Framework (ECF) and risk provisioning norms to enhance financial resilience. ® This update follows a five-year review, in line with recommendations of the Bimal Jalan Committee. ® The original ECF was adopted in August 2019, determining how much capital RBI must retain to cover financial risks and how much surplus it can transfer to the Government. ® The revised framework widens the Contingency Risk Buffer (CRB) range to 4.5%–7.5% (from the earlier 5.5%–6.5%). Historical CRB levels: ® FY19–FY22: 5.5% ® FY23: 6% ® FY24: 6.5% ® For FY 2024–25, RBI’s Central Board approved a record surplus transfer of ₹ 2.69 lakh crore to the Government of India.
NITI Aayog Releases
Report on Policy for Medium Enterprises
® NITI Aayog has released a report titled “Designing a Policy for Medium Enterprises”, outlining a roadmap to transform medium enterprises into key drivers of India’s economic growth. ® Although medium enterprises form only 0.3% of registered MSMEs, they contribute nearly 40% of MSME exports. ® The MSME sector as a whole contributes around 29% to India’s GDP, accounts for 40% of exports, and provides employment to over 60% of the workforce. The current MSME distribution: ® Micro enterprises – 97% ® Small enterprises – 2.7% ® Medium enterprises – 0.3% ® The report emphasizes targeted policy support for medium enterprises to harness their untapped potential and enhance India’s export and manufacturing capabilities.
Mission LiFE to be
Integrated into NAPCC
® The Government is planning to include Mission LiFE (Lifestyle for Environment) as a component of the National Action Plan on Climate Change (NAPCC). ® NAPCC currently includes eight missions targeting climate resilience across water, energy, and agriculture sectors. ® Mission LiFE, launched in October 2022, was introduced by the Prime Minister at COP26 of the UNFCCC. ® It aims to mobilize 1 billion people globally by 2028 to adopt sustainable lifestyles, emphasizing shifts in individual behavior, business practices, and public policy.
World Hunger Day
2025 – May 28
® Observed to highlight root causes of hunger and promote policies empowering vulnerable communities; initiated by the Hunger Project in 2011. ® Globally, 343 million people across 74 countries face acute food insecurity. ® Hunger and malnutrition, especially among children, have increased by 20% due to climate change. ® In the 2024 Global Hunger Index, India ranks 105th; neighboring countries Pakistan (109th), Bangladesh (84th), Nepal (68th), and Sri Lanka (56th). ® India’s child malnutrition rate stands at 18.7%, overall malnutrition at 13.7%, and under-five mortality rate at 2.9%.