Debt-to-GDP Ratio: The Union Government has announced a shift from fiscal deficit to debt-to-GDP ratio as the primary fiscal anchor from FY 2026-27, targeting a 50±1% ratio by 2031. Debt-to-GDP Ratio represents the proportion of a country’s total debt to its GDP, indicating economic stability and repayment capacity.A higher ratio signals increased risk of default […]
Santorini Island
Santorini Island: Santorini, a popular Greek island, has been placed on high alert after experiencing over 200 undersea earthquakes in four days, with magnitudes up to 4.6.Santorini Island Located in: Southern Aegean Sea, part of the Cyclades archipelago in Greece. Controlled by: Greece (part of the Thira regional unit).
Ujjivan Small Finance Bank Seeks Universal Banking Licence
Ujjivan Small Finance Bank Seeks Universal Banking Licence: Ujjivan Small Finance Bank (USFB) has applied for a universal banking licence, a major milestone in its journey from a small finance bank to a full-fledged commercial bank. This move aligns with the bank’s strategy to expand its financial services, increase regulatory flexibility, and strengthen its position […]
First Black Mrs World
First Black Mrs World: Soweto-born Tshego Gaelae has made history by becoming the first Black woman to win the Mrs World 2025 title at the grand finale in Las Vegas. The 34-year-old attorney and 2024 Mrs South Africa Queen follows in the footsteps of Candice Abrahams, the only other South African to hold the title […]
India’s economy is expected to grow at 6.5% in FY26 : CRISIL
India’s economy is expected to grow at 6.5% in FY26 : CRISIL India’s economy is projected to grow at a rate of 6.5% in FY26, slightly improving from the 6.4% growth forecasted for the current fiscal year (FY25). Crisil’s report highlights several factors driving this growth, including lower inflation, expected rate cuts by the Reserve […]
Bart De Wever Sworn in as Belgium’s New Prime Minister
Bart De Wever Sworn in as Belgium’s New Prime Minister: Belgium saw a significant political shift as Bart De Wever, leader of the New Flemish Alliance (N-VA), was sworn in as the country’s new Prime Minister. This marks the first time a Flemish nationalist has ascended to the highest office in Belgium. After more than […]
Niger, Mali, Burkina Faso Break Ties with ECOWAS
Niger, Mali, Burkina Faso Break Ties with ECOWAS: The Economic Community of West African States (ECOWAS) has formally acknowledged the departure of Niger, Mali, and Burkina Faso. This move follows over a year of diplomatic strain, primarily caused by military coups and disagreements over ECOWAS’ approach to regional governance.
Daily Current Affairs for UPSC IAS: 5th February 2025
Today’s Current Affairs: 5th February 2025 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
North Sea
North Sea: Researchers have discovered huge landforms deep beneath the North Sea that suggest the region was swallowed by a giant ice sheet toward the middle of the last ice age. North Sea is a relatively shallow and enclosed sea located in Northwestern Europe. It is considered to be a marginal sea of the Atlantic […]
SC/ST Act to Include Intellectual Property
SC/ST Act to Include Intellectual Property: In the Principal Secretary Government of Maharashtra v. Kshipra Kamlesh Uke Case, 2024, the Supreme Court upholds the Bombay High Court’s ruling, expanding the definition of “property” in the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 to include intellectual property. The aggrieved sought compensation for the […]
