CURRENT AFFAIRS

The Financial Inclusion Index (FII) is an important metric designed to assess the extent of financial inclusion across the country. 

The Reserve Bank – Integrated Ombudsman Scheme was launched in 2021 as a part of the Alternate Grievance Redress (AGR) Framework of the Reserve Bank of India (RBI).

The Credit-Deposit (CD) Ratio is a significant financial metric that indicates the percentage of total loans a bank has issued relative to its total deposits. 

The Monetary Policy Committee (MPC) of the Reserve Bank of India has cut the repo rate by 25 basis points for the second consecutive time to 6%.

The Archaeological Survey of India (ASI) is investigating the fire in Devagiri Fort. The Archaeological Survey of India is responsible for the conservation of this fort and regulates its activities under the Ancient Monuments and Archaeological Sites and Remains Act, 1958.

All 33 judges of the Supreme Court have decided to publicly declare their assets following a cash controversy at the residence of a former Delhi High Court judge. This will promote transparency in the judiciary and help strengthen public confidence.

The Reserve Bank of India (RBI) generates a surplus, which refers to the excess of income over expenditure. 

MIBOR stands for Mumbai Interbank Offer Rate. It is an interest rate benchmark that reflects the average rate at which Indian banks borrow unsecured funds from each other in the interbank market. 

The Waqf (Amendment) Act, 2025, also known as the UMEED Act (Unified Management Empowerment Efficiency and Development Act), was passed by the Indian Parliament in April 2025. 

After the update of the fourth model of ChatGPT by Open AI, the images of Studio Ghibli-art created from this model have gone viral on the Internet.