CURRENT AFFAIRS

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.

The Pradhan Mantri Mudra Yojana of the Government of India completed 10 years on 8 April 2025.

The Priority Sector Lending (PSL) norms are designed to ensure that banks provide credit to sectors that are critical for the economic and social development of the country, especially those that are underserved or face financial exclusion. 

Monetary policy refers to the actions undertaken by a country's central bank—in India, the Reserve Bank of India (RBI)—to regulate the money supply, interest rates, and liquidity to ensure price stability and promote sustainable economic growth.

The Variable Repo Rate (VRR) is a type of liquidity adjustment tool used by the Reserve Bank of India (RBI), where banks can borrow funds for the short term at market-determined interest rates through an auction mechanism. 

The 'Technology and Innovation Report 2025' report was released by the United Nations Conference on Trade and Development (UNCTAD).