CURRENT AFFAIRS

A Credit Rating Agency (CRA) is an organization that provides an independent evaluation of the creditworthiness of an issuer of debt instruments (such as bonds, loans, etc.). 

Incorporated in 1992; commenced operations in 1994.

Unified Payments Interface (UPI) is a revolutionary payment system launched in 2016 by the National Payments Corporation of India (NPCI). 

Constitution as a Non-Statutory Body: SEBI was constituted in 1988 through a Government of India resolution.​

Project Nexus is a multilateral initiative conceptualized by the Bank for International Settlements (BIS) to facilitate instant cross-border retail payments by interlinking domestic Instant Payment Systems (IPS). 

The European Space Agency (ESA) is set to launch its ambitious Biomass mission later this month, on April 29, 2025.

The Rights and Resources Initiative has presented an overview of carbon rights in a report titled ‘Carbon Rights of Indigenous Peoples, Peoples of African Descent and Local Communities in Tropical and Subtropical Lands and Forests’.

The global tax landscape is undergoing a significant transformation with the emergence of the UN Global Tax Treaty, a proposed multilateral convention under the United Nations aimed at reforming international tax rules. 

Digital Public Infrastructure (DPI) is defined as a set of shared digital systems that facilitate the delivery of public and private services to citizens at societal scale. 

A windfall tax is a one-time tax levied by governments on companies or industries that earn unexpectedly large profits due to circumstances beyond their control.