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In March 2025, the Ministry of Micro, Small, and Medium Enterprises has the for businesses under the category. These changes will take effect from . The revision updates the criteria set in 2020.

 The updated classification was announced by Union Minister Nirmala Sitharaman, Ministry of Finance(MoF) during her Budget speech for 2025-26.

The classification of MSMEs is on investment in plant, machinery, or equipment and annual turnover (TO). The revised limits are as follows:
: Investment limit increased from Rs 1 crore to .

: Investment limit increased from Rs 10 crore to .

Investment limit raised from Rs 50 crore to .

The updated classification offers several :

The revised classification aims to support economic growth, accommodate inflation, and help businesses expand.
India currently boasts over registered MSMEs, employing 7.5 crore people and contributing 36% to the country’s manufacturing output. The share of MSME in all India exports stood at 45.56%.

– Jitan Ram Manjhi ( Constituency- Gaya, Bihar)
Minister of State – Shobha Karandlaje (Constituency- Bangalore North, Karnataka)

The Ministry of Finance (MoF) has launched a revamped e-auction portal which was originally launched in January 2025, to further streamline the listing and auctioning of banks’ assets.

The portal ensures high level of transparency throughout the property auction process by using the state-of-the-art technology and integrating automated Know Your Customer (KYC) tools, secure payment gateways, and bank verified property titles.

 It ensures smooth reliability and accessibility for users through mobile and web interfaces.
It facilitates a convenient solution from property ‘search’ to ‘sale’ for all types of properties across India, streamlining the whole auction process.
It offers an easy-to-use interface for property search and auctions, which makes the process user-friendly and accessible.
It ensures that all property titles are verified by banks.

 Nirmala Sitharaman (Rajya Sabha- Karnataka)
Minister of State  Pankaj Chaudhary (Constituency- Maharajganj, Uttar Pradesh, UP)

In March 2025, Mumbai (Maharashtra)-based market regulator, Securities Exchange Board of India has approved the setting up of a High-Level Committee (HLC) to review provisions related to governance and revamp its rules on conflict of interest and disclosure obligations for board members and senior officials.

The HLC is tasked to conduct comprehensive review of regulations governing property, investments, and liabilities of board members.

The Board of SEBI has eased investment restrictions for Category-II Alternative Funds (AIFs) including private equity and debt funds, enabling them to invest in listed debt securities rated ‘A’ or below.
It has introduced key changes regarding the appointment of Public Interest Directors (PIDs) and cooling-off period for key management personnel and directors for Market Infrastructure Institutions

According to Government of India (GoI)’s latest data, Public Sector Banks have witness an increase of in dividend payout toin the Financial Year 2023-24 compared to Rs 20, 964  crore recorded in FY23. This increase reflects a significant improvement in financial health of these PSBs, compared to record losses of Rs 85,390 crore registered in FY18.

The data highlighted that combined net profit of 12 Indian PSBs was at against net profit of Rs 1.05 lakh crore in FY23, and earned Rs 1.29 lakh crore in nine months (April-December) of FY25.
As per the data,State Bank of Indiaemerged as the largest contributor to the overall net profit registered by PSBs during FY24 i.e. over 40% (Rs 61,077 crore), which marks an increase of 22% compared to previous FY (Rs 50,232 crore).

The National Skill Development Corporation () and , California, the United States of America (USA)-based financial technology (fintech) company formalised a Memorandum of Understanding () as part of PayPal’s Corporate Social Responsibility () to launch a comprehensive skill development initiative targeting India’s Banking, Financial Services, and Insurance (BFSI) sector.

NSDC will implement the project in multiple districts including Chennai (Tamil Nadu), Patna (Bihar), Hyderabad (Telangana), Surat (Gujarat), Indore (Madhya Pradesh), Bengaluru (Karnataka), Mumbai (Maharashtra), and Ranchi (Jharkhand).
The MoU was exchanged between Dr. Rishikesh Patankar, Vice President, NSDC, and Srini Venkatesan, Global Chief Technology Officer (CTO), PayPal.
New Delhi (Delhi)-based NSDC was established on 31 July 2008. It operates as a unique Public Private Partnership (PPP) model under the Ministry of Skill Development & Entrepreneurship (MSDE).

On 20 March 2025, the Reserve Bank of India () issued a directive regarding the . As per the directive, are now permitted to the   starting from , with a minimum of expensed annually. It applies to all the RRBs with effect from financial year 2024-25.

RRBs were previously allowed to amortise their pension liability on account of the RRB (Employee) Pension Scheme 2018 for 5 years, beginning with the financial year ending March 31, 2019.

In March 2025, , Mumbai (Maharashtra)-based Centrico Insurance Repository Limited, subsidiary of Central Depository Services (India) Limited (CDSL) has entered an agreement with Mumbai-based Life Insurance Corporation of India to provide Insurance Repository services.

The system, introduced by Indian regulators, eliminates paperwork by allowing policyholders to hold and modify policies digitally.
.CIRL, which now partners with (including 23 life insurers), will leverage LIC’s inclusion to expand value-added services for policyholders nationwide.
.Notably, LIC holdsstake in and in, while CDSL maintains 51% direct ownership and 3.25% via its subsidiary CDSL Ventures Limited.

In March 2025, eminent Carnatic violinist has been conferred with the for 2025 by Chennai (Tamil Nadu, TN) based  to recognizes his exceptional contributions to Carnatic music.

The Sangita Kala Acharya award was presented to a distinguished Carnatic singer and former A-Top graded artist at All India Radio (AIR) and a leading Tavil artist ,
.The Musicologist Award was given to and the Nritya Kalanidhi Award was conferred to ,

– N. Murali
– Chennai, Tamil Nadu(TN)
– 1928

On March 23, 2025, , the former President of Brazil, was as the of the New Development Bank () (formerly known as BRICS Development Bank) for a term extending until, following unanimous approval by the NDB board.

Dilma Vana Rousseff is a Brazilian economist and politician. She began her political career in the 1970s as an active member of left-wing and Marxist urban guerrilla groups opposing Brazil’s military dictatorship.
In 2001, She  joined the Workers’ Party (PT), and in 2003, she was appointed Minister of Mines and Energy under President Luiz Inácio Lula da Silva.

.She served as the from 2011 until she was impeached and removed from office on August 31, 2016. She was the only woman to hold the Brazilian presidency.
She became the Chair of the NDB in March 2023, taking over from

The New Development Bank (NDB), previously known as the BRICS Development Bank, is a global development bank formed by the BRICS countries: Brazil, Russia, India, China, and South Africa.
– Shanghai, China
 – 2012

In March 2025, New Delhi (Delhi)-based Indian National Trust for Art and Cultural Heritage elected as its new for a three-year term during its Annual General Meeting held at its headquarters in New Delhi.

Ashok Singh Thakur’s appointment aligns with INTACH’s mission to address challenges in heritage conservation through policy advocacy, research, and community engagement.
.Established in 1984, INTACH is India’s foremost heritage conservation organization, registered under the Societies Registration Act, 1860.

he INTACH Charter was adopted in 2004 which serves as a foundation document guiding heritage conservation in India.

In March 2025, has assumed additional charge as Chairman and Managing Director (CMD) of REC Limited (formerly Rural Electrification Corporation Limited), a ‘Maharatna’ Central Public Sector Enterprise (CPSE) under the administrative control of Ministry of Power (MoP), for period of or until further orders, whichever is earlier.

Since 2020, she has been serving as Director (Finance) at PFC. Later, she was bestowed with the additional charge of thus, became the 1st woman to lead India’s largest Non-Banking Finance Company (NBFC).

In 2023 she was awarded the award by the Institute of Cost Accountants of India.
Chopra has an extensive experience of over 35 years during which worked at leading power and financial sector companies in India like: National Hydroelectric Power Corporation Private Ltd. (NHPC Limited) and Power Grid Corporation of India Limited (POWERGRID).

In March 2025, , President of the Wrestling Federation of India was elected as a bureau member of United World Wrestling through elections held during UWW general assembly in Amman, Jordan.

UWW had imposed ban on WFI in August 2023 due to its failure to conduct elections within a stipulated time following the accusations of sexual harassment against former WFI President Brij Bhushan Singh.
In December 2023, Sanjay Kumar Singh was elected President of WFI. Later, the Ministry of Youth Affairs and Sports (MYAS) suspended WFI and an ad-hoc committee of the Indian Olympic Association (IOA) was formed to administer the federation.

In March 2025, emerged victorious in both the Kabaddi World Cup , held in Wolverhampton, theUnited Kingdom (UK).

:
The 2nd edition of Kabaddi World Cup(KWC), featured over 60 matches, was held from March 17 to 23, 2025.
For the first time, this tournament was hosted outside Asia, with matches played across Birmingham, Coventry, Walsall, and Wolverhampton in the UK’s West Midlands region.
The 2025 event was the West Midlands Combined Authority’s Commonwealth Games Major Events Legacy Fund.

.The 1st edition of KWC organized by the World Kabaddi Federation in Malaysia in 2019, where India had also secured both the men’s and women’s titles by defeating Iraq and Chinese Taipei, respectively.
:
The featured , divided into Group A and Group B. India, placed in Group B, competed against Italy, Scotland, Wales, and Hong Kong, while Group A included England, Hungary, Poland, Germany, and the United States of America (USA).
Meanwhile, the had split into Group D and Group E. India was placed in Group D with Wales and Poland, whereas Group E featured England, Hong Kong, and Hungary.
: World Kabaddi celebrates World Kabaddi Day annually on March 24, marking the anniversary of its founding date in 2018

The IKF, formerly World Kabaddi Federation (WKF), is an officially recognized governing body for kabaddi, representing 56 national federations worldwide and overseeing five continental governing bodies
Vinod Kumar Tiwari (India)
Jaipur,Rajasthan
– 2004

Indian gymnast , a 29-year-old Olympian, secured a bronze medal in the vault final at the Fédération Internationale de Gymnastique (FIG) World Cup (WC) in Antalya, Turkey.

The Antalya meet marks the of the FIG Apparatus World Cup 2025 series, which consists of six tournaments. The first two were hosted in Cottbus, Germany, and Baku, Azerbaijan.
This marks Pranati Nayak’s at the FIG Artistic Gymnastics Apparatus World Cup, following her bronze in the vault event at Cairo in 2024.
She becomes the to secure an international medal in the vault event, following the achievements of Dipa Karmakar and Aruna Reddy.
Apart from her World Cup medals, Pranati Nayak has an , having represented India at the Tokyo 2020 Olympics. She also clinched bronze medals at the Asian Championships in 2019 (Ulaanbaatar) and 2022 (Doha).

The United Nations () World Meteorological Day (WMD) is annually observed on worldwide to raise awareness about the significance of understanding weather and climate patterns in tackling global challenges like climate change and extreme weather.

The WMO during its 12th session of the Executive Committee (EC-XII) held from 27 June to 15 July adopted Resolution 6 (EC-XII) – Annual World Meteorological Day, proclaiming 23 March of every year as World Meteorological Day.
The -ever WMD was observed on 23 March .

On 24 March 2025, the official ceremony of WMD was held at WMO Headquarters in Geneva, Switzerland.
The India Meteorological Department , under the Ministry of Earth Sciences (MoES), celebrated WMD 2025 on March 22, 2025, at Mahika Hall, Prithvi Bhawan, New Delhi, Delhi.

– Celeste Saulo
– Geneva, Switzerland
– 1950
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World Tuberculosis Day 2025 – March 24World Tuberculosis (TB) Day is annually observed across the globe on 24th March to raise global awareness about tuberculosis (TB) and mobilize efforts to eliminate the disease.

Background:
i.On 24 March 1882, German Doctor and Microbiologist Dr. Robert Koch announced his discovery of the ‘tubercle bacillus’ (later named Mycobacterium tuberculosis or M. tb) at the University of Berlin’s Institute of Hygiene, in Berlin, Germany.
ii.In 1982, on the centenary of Koch’s discovery, the International Union Against Tuberculosis and Lung Disease (IUATLD) and the World Health Organization (WHO) proposed designating 24 March as World TB Day under the campaign “Defeat TB: Now and Forever”.

 Key Points
i.On World TB Day 2025, Solna (Sweden) based European Centre for Disease Prevention and Control (ECDC) and Copenhagen (Denmark) based World Health Organization (WHO) Europe released the “Tuberculosis Surveillance and Monitoring in Europe 2025” report.
ii.On World TB Day 2025, Union Minister of State (MoS) Dr. Jitendra Singh, Minister of Science and Technology (MoS&T) announced the completion of 10,000 genome sequences of Mycobacterium tuberculosis isolates, marking progress toward India’s goal to eliminate TB by 2025—five years ahead of the World Health Organization (WHO)’s 2030 target.
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International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims 2025 – March 24The United Nations (UN’s) International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims, observed annually across the globe on March 24, is dedicated to honoring the victims of serious human rights violations and advocating for justice.

Background:
i.The United Nations General Assembly (UNGA) adopted resolution A/RES/65/196 on December 21, 2010, officially designating March 24 as this international day.
ii.The first observance took place in 2011.
>> Read Full News

International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2025 – March 25The United Nations (UN’s) International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is observed globally on 25 March each year to honor the millions who suffered under the transatlantic slave trade, regarded as one of the most severe human rights violations in history.

Background:
i.On December 17, 2007, UN General Assembly (UNGA) adopted the resolution A/RES/62/122 and proclaimed the 25 March of every year as International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade.
ii.The first International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade was observed on 25 March 2008.
>> Read Full News

STATE NEWS

FM of Tripura, Pranajit Singha Roy Presents State Budget of Rs 32,423.44 Crore for FY 26In March 2025, Finance Minister (FM) of Tripura, Pranajit Singha Roy presented the state’s budget for the financial year 2025-26 (FY 26), proposing a total expenditure of Rs 32,423.44 crore. The overall budget size has increased by Rs 4,618.77 crore compared to the previous year.

i.The Budget Estimates(BE) for FY25 stood at Rs 27,804.67 crore, which was later revised to Rs 30,296.50 crore in FY25 Revised Estimates. The budget deficit is Rs 429.56 crore.
ii.The budget introduces 13 new welfare schemes aimed at supporting job seekers, mentally challenged individuals. This year, the highest fund of Rs 6,450 crore has been allocated to the finance department.
iii.The budget includes major infrastructure projects:

>> Read Full News

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