Current Affairs 14 March 2025 | India’s Space Achievement | International Day of Action for Rivers
India’s Space Achievement:
The Indian Space Research Organisation (ISRO) successfully undocked two satellites as part of the Space Docking Experiment (SpaDeX) mission. This milestone marked India’s first successful space docking and undocking, demonstrating advanced capabilities in space technology. The satellites are now orbiting independently and in good health, highlighting India’s progress in space exploration.
International Day of Action for Rivers:
This day was observed to raise awareness about the importance of rivers and the need for their conservation. The day aimed to unite efforts against the destruction of rivers and other water bodies, emphasizing the ecological significance of these resources.
World Sleep Day:
Observed on March 14, 2025, World Sleep Day aimed to promote the importance of healthy sleep and raise awareness about sleep-related issues. The day highlighted the benefits of good sleep habits for overall health and well-being.
Holi Celebrations:
India celebrated Holi, the vibrant festival of colors, with nationwide festivities. The celebrations were particularly notable in regions like Mathura, Vrindavan, and Rajasthan, where the festival is observed with great enthusiasm and cultural significance.
Tamil Nadu State Budget:
The Tamil Nadu State Budget for 2025 was presented, outlining the financial plans and allocations for the upcoming fiscal year. The budget focused on various development initiatives and economic growth strategies for the state.
Economic Developments:
The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6.25% in February 2025, marking the first rate reduction in nearly five years. This move aimed to stimulate economic growth, although the banking system continued to face liquidity deficits.
Regulatory Changes:
The Securities and Exchange Board of India (SEBI) issued a notification amending Insider Trading Regulations, aimed at strengthening the regulatory framework and ensuring transparency in the securities market.
International Affairs:
Russia, China, and Iran called for the lifting of sanctions against Iran during discussions in Beijing. These talks focused on the nuclear deal and aimed to address the pressures imposed by the United States on Iran’s nuclear program6.
Ukraine Conflict:
Russian President Vladimir Poutine called for Ukrainian soldiers to surrender in the region of Koursk, amid ongoing discussions about a potential trêve. The situation remained tense, with Ukrainian forces continuing to resist Russian advances.
Economic Challenges in France:
The French government maintained its “AA-” credit rating despite economic challenges, including a significant budget deficit. The government expressed determination to improve the country’s financial situation and reduce the deficit.