CURRENT AFFAIRS

Budget 2025-26 & Current Affairs: A Vibrant Update (March 12, 2025)

🌟 Budget 2025-26 & Current Affairs: A Vibrant Update (March 12, 2025) 🌟

Dive into the latest updates on India's economic roadmap and global happenings with a splash of color!

💰 Budget 2025-26: Powering a Developed India

Presented by Finance Minister Nirmala Sitharaman on February 1, 2025, this is her 8th budget—a bold step toward "Viksit Bharat"! Here’s what’s cooking:

🎯 Key Goals

  • Wipe out poverty completely.
  • 100% school education for all kids.
  • Affordable healthcare for everyone.
  • 70% women in the workforce—girl power!
  • India as the Food Basket of the world.

🚀 Four Engines of Growth

Driving India forward with Reforms as fuel and Inclusivity as the guide:

1. Agriculture 🌾

  • PM Dhan Dhanya Krishi Yojana: Boosts farming in 100 districts, helping 1.7 crore farmers.
  • Dalhan Mission: 6-year plan for self-reliance in pulses (tur, urad, masoor).
  • Cotton Mission: 5 years to grow more cotton for textiles.
  • Kisan Credit Card: Limit up from ₹3 lakh to ₹5 lakh.
  • Assam Urea Plant: Namrup, producing 12.7 lakh tons.
  • Makhana Board: Bihar’s fox nut gets a big push!
  • Shri Ann Mission: Millets (jowar, bajra) for health and sustainability.

2. MSME 🏭

  • New Definitions: Micro (₹2.5 cr/₹10 cr), Small (₹25 cr/₹100 cr), Medium (₹125 cr/₹500 cr).
  • Credit Card: ₹5 lakh via Udyam Portal for small businesses.
  • Manufacturing Mission: Footwear, toys, and food processing in focus.

3. Investment 💡

  • Atal Tinkering Labs: 50,000 schools in 5 years for young innovators.
  • Jal Jeevan Mission: Water to every home by 2028.
  • UDAN: 120 new air routes in 10 years.
  • Bihar Boost: Greenfield airport + West Koshi Canal.
  • Gyan Bharatam: Preserving 1 crore manuscripts.

4. Exports 🌍

  • Bharat Trade Net: Smarter supply chains.
  • Insurance FDI: Upped to 100%.

💸 Financial Highlights

  • Fiscal Deficit: 4.8% (2024-25) → 4.4% (2025-26).
  • Tax Slabs: 0% up to ₹12 lakh, 30% above ₹24 lakh.
  • Revenue: Borrowing (24%), Income Tax (22%), GST (18%).
  • Health: Cancer day-care in every district by 2028.
  • Education: ₹5,500 crore for AI in learning.

🌐 Current Affairs: What’s Hot on March 12, 2025

From global breakthroughs to India’s milestones, here’s the latest buzz!

🔥 Top Stories

  • SIPRI Report: Ukraine tops arms imports, India #2, Russia our key supplier.
  • Kings Baton Relay: King Charles III kicks off Commonwealth Games 2026 prep.
  • Russia-Ukraine: Peace talks start in Jeddah, Saudi Arabia.
  • Philippines: Ex-Prez Duterte arrested by ICC for drug war crimes.
  • Assam: First state to launch its satellite—Assam Sat!
  • Sunil Chhetri: Back at 40, 3rd in global football goals.

🌟 More Highlights

  • UN Hope Day: July 12 declared, USA says no, India stays neutral.
  • Coal India: ₹98 crore deal with IIT Hyderabad for clean coal.
  • President Murmu: Spiritual education campaign in Hisar.
  • T20 Record: Zimbabwe hits 344 runs!
  • Ballon d’Or 2024: Spain’s Tani Bonmati wins big.
  • Para Athletics: Delhi hosts 250 athletes—Navdeep, Praveen shine.

✨ Quick Bites

  • Cyclone Dana: Named by Qatar.
  • SIMBEX: India-Singapore naval drill in Vizag.
  • Ear Ambulance: Uttarakhand’s new health move.
  • ISRO: Analog space mission in Ladakh.

Stay tuned for more colorful updates! 💖 Share your thoughts below!

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