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February 2025 Special Days: List of National & International Important Days

February, the second month of the year, is a month filled with important days that highlight various global issues and celebrations. From raising awareness about environmental conservation to promoting love and social justice, each day in February has its own significance. These observances remind us of the importance of unity, health and education. Let’s took a look at some of the key dates to remember in February 2025.

February Special Days 2025

February is a month filled with celebrations and important observances in India and globally. It marks the end of winter, and many festivals are celebrated throughout the country. February also highlights several national and international events that raise awareness about key issues like health, the environment and social causes. These days help educate people about their significance, encouraging reflection and action. For those preparing for competitive exams like Banking and SSC, knowing these important days can be useful for general awareness.

List of Special Days in February 2025

February 2025 is a month full of important days that highlight key issues, festivals and celebrations. These days focus on raising awareness about health, the environment and social causes, making it a meaningful month for reflection and action.

Here is the list of important days in February 2025:

Date Special Days
1 February Union Budget
2 February World Wetlands Day
2 February to 8 February International Development Week
3 February Vasant Panchami
4 February World Cancer Day
6 February International Day of Zero Tolerance for Female Genital Mutilation
7 February Surajkund Crafts Mela
10 February International Day of the Arabian Leopard
World Pulses Day
International Epilepsy Day
11 February Anti-Smuggling Day 2025
International Day of Women and Girls in Science
12 February Magha Purnima 2025 
International Day for the Prevention of Violent Extremism as and When Conducive to Terrorism 2025
Guru Ravidas Jayanti 2025
13 February World Radio Day
Sarojini Naidu Birth Anniversary
15 February International Childhood Cancer Day 
World Pangolin Day
17 February to 27 February Taj Mahostsav
19 February to 9 March ICC Champions Trophy
20 February Arunachal Pradesh Foundation Day
World Anthropology Day
Mizoram Foundation Day
World Day of Social Justice
21 February International Mother Language Day
22 February World Thinking Day
23 February World Peace and Understanding Day
24 February Central Excise Day
26 February Mahashivratri
Veer Savarkar’s Death Anniversary
27 February World NGO Day
28 February National Science Day
Rare Disease Day
Ramadan

Important Days in February 2025 in Brief

February 2025 will be filled with important days that celebrate culture, history and awareness. These days highlight key events and causes, offering opportunities for reflection and action. Let’s explore some of the significant days in February 2025.

February 1, 2025 – Union Budget

Every year on February 1, the Finance Minister presents India’s Union Budget. This budget includes government plans for revenue and spending in the next year. It’s an important event that shapes economic policies and sets priorities for different sectors and development.

1 February, 2025 – India Coast Guard Day

Indian Coast Guard Day is celebrated on February 1 every year. It marks the foundation of the Indian Coast Guard. The Coast Guard plays a vital role in protecting India’s coasts, enforcing maritime rules and ensuring safety in Indian waters.

2 February 2025 – World Wetlands Day

World Wetlands Day is observed on February 2 to raise awareness about wetlands and their importance. It marks the adoption of the Ramsar Convention on February 2, 1971, which focuses on the conservation of wetlands around the world.

2 February 2025 – RA Awareness Day

RA Awareness Day is observed on February 2 to raise awareness about rheumatoid arthritis (RA). It helps understand the causes, symptoms and ways to manage this disease, which affects joints and causes pain and inflammation.

2 February to 8 February 2025 – International Development Week

International Development Week is celebrated from February 2 to 8. It aims to raise awareness about the importance of international development and the different career paths in this field. This year marks its 35th anniversary in Canada.

3 February 2025 – National Golden Retriever Day

National Golden Retriever Day is celebrated on February 3. It honors the Golden Retriever breed, known for its friendly, intelligent and playful nature. They make great pets and are loved for their loyal companionship.

3 February 2025- Vasant Panchami

Vasant Panchami, also known as Saraswati Puja, is celebrated on February 3. It marks the arrival of spring and honors Goddess Saraswati, the goddess of knowledge, wisdom and arts The festival is celebrated differently across regions in India.

4 February 2025 – World Cancer Day

World Cancer Day is observed on February 4 to spread awareness about cancer prevention, treatment and research. It encourages people to take action against cancer and shows solidarity with those affected by it. The theme focuses on personal commitment to the fight.

4 February 2025 – National Day of Sri Lanka

Sri Lanka celebrates its National Day on February 4, marking its independence from British rule in 1948. This day honors the country’s sovereignty and is a reminder of its history and independence.

5 February 2025 – Delhi Legislative Elections

Delhi Legislative Elections are held on February 5, determining the composition of the Delhi Legislative Assembly. The results of these elections play a key role in shaping the governance and policies of India’s capital.

6 February 2025 – International Day of Zero Tolerance for Female Genital Mutilation

On February 6, the International Day of Zero Tolerance for Female Genital Mutilation is observed. The day aims to raise awareness about the harmful effects of female genital mutilation and the need to prevent this practice worldwide.

7 February to 14 February 2025 – Valentine’s Week

Valentine’s Week is celebrated from 7 to 14, leading up to Valentine’s Day on February 14. Each day is dedicated to celebrating love, friendship and relationships through different gestures and acts of affection.

7 February 2025 – Surajkund Crafts Mela

Surajkund Crafts Mela, held from February 7 to 23 in Haryana, celebrates India’s rich cultural heritage. It features handicrafts, handlooms and local traditions from various parts of the country, attracting visitors from all over India and abroad.

8 February 2025 – National Opera Day

National Opera Day is celebrated on February 8 to honor opera, an art from combining music, singing, acting and dance. The day highlights the cultural significant of opera and its impact on the performing arts.

9 February 2025 – Baba Amte’s Death Anniversary

Baba Amte’s Death Anniversary is observed on February 9 to remember his contributions as a social worker. Known for his work with leprosy patients, he dedicated his life to the welfare of marginalized communities in India.

10 February 2025 – National Deworming Day

National Deworming Day is observed on February 10 in India to ensure that every child is free from worms. The government organizes mass deworming drives to protect children from health issues caused by intestinal worms.

February 10 – World Pulses Day

World Pulses Day, observed on February 10, raises awareness about the nutritional and environmental benefits of pulses. Pulses are important for sustainable food production and contribute to food security and better health.

10 February 2025 – International Epilepsy Day

International Epilepsy Day is observed on February 10. It aims to raise awareness about epilepsy, highlight its challenge, and emphasize the importance of improved care, treatment and research for better quality of life for those affected.

11 February 2025 – World Day of the Sick

World Day of the Sick is observed on February 11. It encourages people to pray and offer support for those suffering from illness. The day was introduced by Pope John Paul II to promote compassion and care for the sick.

11 February 2025 – International Day of Women and Girls in Science

International Day of Women and Girls in Science on February 11. It honors the contributions of women and girls in science and aims to achieve gender equality in the field of scientific research and education.

11 February 2025 – Safer Internet Day

Safer Internet Day, observed on February 11, encourages people to use the internet safely. The day promotes online security, particularly for children and young people, by raising awareness about online risks and how to avoid them.

12 February 2025 – Darwin Day

Darwin Day, celebrated on February 12, commemorates the birth of Charles Darwin, the father of evolutionary biology. The day honors his contributions to science, especially the theory of natural selection and the study of evolution.

12 February 2025 – Abraham Lincoln’s Birthday

Abraham Lincoln’s Birthday is observed on February 12 to honor the birth of the 16th president of the United States. Lincoln is known for his leadership during the Civil War and his role in abolishing slavery.

12 February 2025 – National Productivity Day

National Productivity Day is observed on February 12 in India. It aims to promote a culture of productivity and efficiency in all sectors by encouraging individuals and organizations to improve their performance and achieve higher output.

13 February 2025 – World Radio Day

World Radio Day, celebrated on February 13, raises awareness about the importance of radio. Radio is a powerful medium for information, education, and entertainment, especially in rural areas, and it plays a key role in global communication.

13 February 2025 – Sarojini Naidu Birth Anniversary

Sarojini Naidu’s birth anniversary is celebrated on February 13. She was a famous poet, freedom fighter, and the first woman president of the Indian National Congress. Naidu is remembered for her significant contributions to Indian literature and politics.

14 February 2025 – Saint Valentine’s Day

Valentine’s Day, celebrated on February 14, honors Saint Valentine and the idea of love. People express their feelings by sending gifts, cards, and flowers to their loved ones, making it a day of affection and celebration of relationships.

14 February 2025 – World Congenital Heart Defect Awareness Day

World Congenital Heart Defect Awareness Day, observed on February 14, raises awareness about congenital heart defects, which affect many newborns. The day aims to educate the public on the importance of early diagnosis and treatment.

17 February to 27 February 2025 – Taj Mahotsav

Taj Mahotsav, celebrated from February 17 to 27, is an annual festival held in Agra to showcase India’s rich cultural heritage. It features music, dance, crafts, and delicious food, celebrating the cultural diversity and craftsmanship of India.

19 February to 9 March 2025 – ICC Champions Trophy

The ICC Champions Trophy, scheduled from February 19 to March 9, brings together top cricketing nations for a competitive tournament. It features exciting limited-overs cricket with world-class teams battling for the championship.

20 February 2025 – Arunachal Pradesh Foundation Day

Arunachal Pradesh Foundation Day, observed on February 20, celebrates the state’s status as a Union Territory in 1972. It marks its journey toward becoming a full-fledged state and recognizes its cultural and historical significance.

20 February 2025 – World Anthropology Day

World Anthropology Day is observed on February 20 to celebrate the field of anthropology, which studies human societies and cultures. It highlights the importance of understanding human diversity and promotes education in anthropology.

20 February 2025 – Mizoram Foundation Day

Mizoram Foundation Day, celebrated on February 20, marks the day Mizoram became the 23rd state of India in 1987. The day celebrates the state’s culture, history, and achievements since it became part of India.

20 February 2025 – World Day of Social Justice

World Day of Social Justice, observed on February 20, promotes social justice by addressing issues like poverty, exclusion, and unemployment. It encourages people to support efforts for full employment, equality, and social integration worldwide.

21 February 2025 – International Mother Language Day

International Mother Language Day, observed on February 21, celebrates linguistic and cultural diversity. It raises awareness about the importance of preserving and promoting mother languages to protect cultural heritage and ensure communication.

22 February 2025 – World Thinking Day

World Thinking Day is observed on February 22 by Girls Scouts and Guides worldwide. It is a day of reflection and global solidarity, where they focus on issues related to the world and the global community, encouraging mutual understanding.

23 February 2025 – World Peace and Understanding Day

World Peace and Understanding Day, celebrated on February 23, commemorates Rotary International’s founding. It promotes global peace and understanding by encouraging people from different backgrounds to collaborate and built peaceful communities.

24 February 2025 – Central Excise Day

Central Excise Day, observed on February 24, honors the excise department’s role in collecting taxes on manufactured goods. The day encourages excise employees to carry out their duties with integrity and improve the nation’s economic system.

26 February 2025 – Mahashivratri

Mahashivratri, celebrated on February 26, honors Lord Shiva. It’s a major Hindu festival marked by fasting, prayers, and rituals. Devotees seek blessings from Lord Shiva and celebrate his significance in the Hindu religion.

27 February 2025 – World NGO Day

World NGO Day, celebrated on February 27, honors non-governmental and non-profit organizations and the people who work behind them. It recognizes their contributions to society and the positive impact they create in various fields like education, health, and environment.

28 February 2025 – National Science Day

National Science Day is celebrated on February 28 in India to honor the discovery of the Raman Effect by physicist Sir C.V. Raman in 1928. He won the Nobel Prize in Physics in 1930 for this groundbreaking discovery that advanced the field of light scattering.

28 February 2025 – Rare Disease Day

Rare Disease Day, observed on February 28, raises awareness about rare diseases. It highlights the challenges faced by those living with rare conditions, their families, and caregivers, aiming to bring attention to their needs and encourage medical advancements.

28 February 2025 – Ramadan

Ramadan, starting on February 28 this year, is a month-long period of fasting observed by Muslims worldwide. It promotes spiritual growth, self-discipline, and compassion by encouraging people to fast from dawn to sunset, focusing on empathy, reflection, and devotion.

Public Sector Banks Witness a 33% Surge in Dividend Payouts in FY24, Reflecting Strong Financial Growth

Public Sector Banks (PSBs) in India have shown remarkable financial improvement, as reflected in their highest-ever net profits and a significant rise in dividend payouts. In the financial year 2023-24 (FY24), the dividend payout by PSBs surged by 33% to Rs 27,830 crore, up from Rs 20,964 crore in the previous fiscal year (FY23). This remarkable growth highlights the strengthened financial position of these banks and their ability to return value to shareholders, including the Indian government, which holds a majority stake in these institutions.

Increase in Dividend Payouts: A Positive Indicator

According to government data, PSBs declared a total dividend of Rs 27,830 crore in FY24, reflecting an increase of 32.7% compared to FY23. Of this total amount, nearly 65% or Rs 18,013 crore was paid to the Indian government, reinforcing the role of PSBs in contributing to national revenue.

In comparison, during FY23, the government received Rs 13,804 crore in dividends from PSBs, including the State Bank of India (SBI), indicating a substantial year-on-year improvement.

Record-Breaking Profitability of PSBs

The increase in dividend payouts is directly linked to the robust financial performance of PSBs. The 12 public sector banks collectively recorded their highest-ever net profit of Rs 1.41 lakh crore in FY24, compared to Rs 1.05 lakh crore in FY23. This massive improvement underscores a strong turnaround from the previous years of financial distress.

For the first nine months of FY24 alone, PSBs had already earned Rs 1.29 lakh crore, demonstrating consistent profitability and efficiency in operations.

SBI Leads the Growth Trajectory

Among PSBs, the State Bank of India (SBI) emerged as the leading contributor to this record-breaking performance. SBI alone accounted for over 40% of the total profit earned by PSBs, with a net profit of Rs 61,077 crore in FY24, marking a 22% increase from Rs 50,232 crore in FY23.

SBI’s consistent growth reflects its strong market position, effective risk management strategies, and expansion in retail and digital banking services.

Exceptional Profit Growth Among Key PSBs

While SBI led in absolute numbers, several other PSBs recorded significant growth in percentage terms:

  • Punjab National Bank (PNB) witnessed the highest growth rate, with net profit surging 228% to Rs 8,245 crore.
  • Union Bank of India followed with a 62% rise in net profit to Rs 13,649 crore.
  • Central Bank of India saw its net profit grow 61% to Rs 2,549 crore.

Other PSBs that recorded impressive net profit growth include:

  • Bank of India57% growth to Rs 6,318 crore.
  • Bank of Maharashtra56% rise to Rs 4,055 crore.
  • Indian Bank53% increase to Rs 8,063 crore.

A Remarkable Turnaround Story

The journey of Public Sector Banks from heavy losses to record profits is a remarkable turnaround story in India’s banking sector. In FY18, PSBs collectively reported a record loss of Rs 85,390 crore, struggling with high non-performing assets (NPAs), weak credit growth, and regulatory challenges.

However, strategic government interventions such as recapitalization, bad loan resolution mechanisms under the Insolvency and Bankruptcy Code (IBC), and improved governance frameworks have helped PSBs regain financial stability. The record profit of Rs 1.41 lakh crore in FY24 is a testament to these policy reforms and the improved efficiency of these banks.

Summary of Public Sector Banks’ (PSBs) Record Performance in FY24

Category Details
Why in News? Public Sector Banks (PSBs) in India reported their highest-ever net profits and a 33% surge in dividend payouts in FY24, reflecting financial stability and growth.
Dividend Payouts ₹27,830 crore in FY24 (32.7% increase from ₹20,964 crore in FY23).
Government Share in Dividends ₹18,013 crore (65% of total dividend) in FY24, up from ₹13,804 crore in FY23.
Total Net Profit of PSBs ₹1.41 lakh crore in FY24, compared to ₹1.05 lakh crore in FY23.
Profit in First 9 Months of FY24 ₹1.29 lakh crore, showing consistent growth.
SBI’s Contribution ₹61,077 crore net profit (22% rise from ₹50,232 crore in FY23), contributing 40% of total PSB profit.
Top PSBs with Highest Profit Growth PNB: 228% increase to ₹8,245 crore – Union Bank of India: 62% rise to ₹13,649 crore – Central Bank of India: 61% growth to ₹2,549 crore – Bank of India: 57% rise to ₹6,318 crore – Bank of Maharashtra: 56% increase to ₹4,055 crore – Indian Bank: 53% rise to ₹8,063 crore
PSBs’ Turnaround PSBs moved from a record loss of ₹85,390 crore in FY18 to a record profit of ₹1.41 lakh crore in FY24.
Key Reasons for Recovery – Recapitalization by the government – Bad loan resolution under IBC – Improved governance and operational efficiency

Certification for Eri Silk: A Global Milestone

The North Eastern Handicrafts and Handlooms Development Corporation Ltd. (NEHHDC), under the Ministry of Development of North Eastern Region, has achieved a significant milestone by obtaining the Oeko-Tex certification from Germany for eri silk. Oeko-Tex is a globally recognized certification that ensures textiles, including raw and finished materials, are free from harmful substances and safe for human use. This certification enhances eri silk’s marketability in the global textile industry, ensuring compliance with international safety and quality standards. It strengthens consumer confidence, supports eco-friendly initiatives, and boosts the global acceptance of Indian eri silk in high-end markets.

Key Highlights of Eri Silk Certification

1. Significance of Oeko-Tex Certification

  • International recognition ensuring eri silk meets global textile safety standards.
  • Boosts consumer confidence by guaranteeing chemical-free, eco-friendly production.
  • Enhances global marketability, allowing Indian exporters to compete in premium markets.
  • Aligns with sustainability trends, attracting ethical and environmentally conscious buyers.

2. Government Initiatives to Develop the Eri Silk Industry

Research & Development (R&D)

  • Established Central Muga & Eri Research Institute (Lahdoigarh, Assam) for R&D, training, and extension support.
  • R&D efforts focus on modernization, improved production techniques, and technological upgrades.

Silkworm Seed Production

  • Established Muga Eri Silkworm Seed Organization for the production and supply of quality eri silkworm seeds.

Silk Samagra-2 Scheme (2021-26)

  • Implemented for the overall development of India’s sericulture industry, including eri silk.

3. Current Challenges in the Eri Silk Industry

  • Largely unorganized sector, with traditional methods still being widely used.
  • Need for modernization to improve production efficiency and productivity.
  • Limited awareness among stakeholders about global certification requirements.
Summary/Static Details
Why in the news? Certification for Eri Silk: A Global Milestone
Certification Oeko-Tex (Germany)
Certifying Body North Eastern Handicrafts and Handlooms Development Corporation Ltd. (NEHHDC)
Significance Ensures eri silk is free from harmful substances and safe for human use
Market Impact Enhances global acceptance, consumer trust, and premium market access
Government Support R&D, seed production, modernization, and Silk Samagra-2 scheme
Key Institutions Central Muga & Eri Research Institute, Muga Eri Silkworm Seed Organization
Challenges Unorganized sector, reliance on traditional methods, need for modernization
Future Goals Strengthen export potential, increase production efficiency, align with sustainability trends

Project PARI: Revitalizing Public Spaces Through Art

The Ministry of Culture, through the Lalit Kala Akademi (LKA) and National Gallery of Modern Arts (NGMA), is dedicated to preserving public art installations created under the Public Art of India (PARI) project. As the nodal agency, the LKA has implemented a comprehensive preservation strategy to maintain these installations, ensuring their sustainability and longevity. The initiative not only safeguards India’s artistic heritage but also transforms Delhi’s public spaces into vibrant artistic landmarks, promoting regional art forms globally.

Key Highlights of Project PARI

1. Preservation and Maintenance Efforts

  • Regular Inspection & Maintenance: Periodic assessments to address conservation needs.
  • Environmental Protection: Measures to safeguard artworks from damage due to environmental factors.
  • Restoration & Conservation: Expert interventions to repair and restore artworks.

2. Promotion of India’s Artistic Heritage

  • Showcases regional art forms like Phad, Thangka, Gond, and Warli paintings.
  • Over 200 artists contributed to the project.
  • Transforms Delhi’s public spaces into cultural landmarks.
  • Aims to promote India’s rich heritage on a global stage.

3. Public Engagement and Accessibility

  • Strategic Placement: Art installations at Mehram Nagar, Africa Avenue, and ITO Skywalk in Delhi.
  • Integration with Public Spaces: Ensures sustained exposure and interaction.
  • QR Code Integration: Provides digital access to information about the project and artistic expressions.

4. Project Implementation and Significance

  • Implemented only in Delhi so far.
  • Launched during the 46th Session of the World Heritage Committee.
  • Aims to revitalize urban spaces through public art.
Summary/Static Details
Why in the news? Project PARI: Revitalizing Public Spaces Through Art
Initiative Public Art of India (PARI) Project
Executing Bodies Ministry of Culture, Lalit Kala Akademi (LKA), National Gallery of Modern Arts (NGMA)
Objective Revitalize public spaces through art & showcase cultural heritage
Key Art Forms Phad, Thangka, Gond, Warli, etc.
Number of Artists 200+
Major Locations Mehram Nagar, Africa Avenue, ITO Skywalk (Delhi)
Public Engagement Strategic placement, QR code integration
Preservation Measures Regular inspection, environmental protection, expert restoration
Launch Event 46th Session of the World Heritage Committee
Current Implementation Limited to Delhi (future expansion possible)

First-Ever Export of Anthurium Flowers from Mizoram to Singapore

In a major milestone for India’s floriculture sector, particularly from the North Eastern Region (NER), the Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first-ever export of Anthurium flowers from Mizoram to Singapore. The consignment, consisting of 1,024 cut flowers (70 kg) in 50 corrugated boxes, was exported via Kolkata. This initiative highlights Mizoram’s floriculture potential, strengthens India’s agricultural exports, and provides economic benefits to local farmers, including women.

Key Highlights

Export Details

  • Export Milestone: The first export of Anthurium flowers from Mizoram to Singapore was successfully completed.
  • Facilitating Authorities: The initiative was led by APEDA in collaboration with the Department of Horticulture, Government of Mizoram.

Flag-Off Ceremony

  • Took place in a hybrid (phygital) format on February 26, 2025.
  • Attended by APEDA Chairman Abhishek Dev and Special Secretary, Department of Horticulture, Mizoram, Smt. Ramdinliani.
  • Other participants included Zo Anthurium Growers Cooperative Society, IVC Agrovet Pvt. Ltd., and Veg Pro Singapore Pte. Ltd.

Consignment Details

  • Exporter: IVC Agrovet Pvt. Ltd.
  • Importer: Veg Pro Singapore Pte. Ltd.
  • Source: Zo Anthurium Growers Cooperative Society, Aizawl, Mizoram.
  • Route: Aizawl → Kolkata → Singapore.
  • Quantity: 1,024 Anthurium cut flowers, weighing 70 kg.

Significance of Anthurium Cultivation in Mizoram

  • A key economic driver for farmers, especially women entrepreneurs.
  • Promoted through Mizoram’s annual ‘Anthurium Festival’, which boosts tourism and awareness of the flower’s ornamental value.

Background Event

  • This achievement follows the International Conclave cum Buyer-Seller Meet (IBSM) in Aizawl on December 6, 2024.
  • Participants: 9 international buyers from Singapore, UAE, Nepal, Jordan, Oman, Azerbaijan, Russia, and Ethiopia + 24 domestic exporters.
  • The event helped establish trade connections and market opportunities for Mizoram’s floriculture sector.

India’s Floriculture Export Potential

  • Floriculture exports in FY 2023-24: USD 86.62 million.
  • The North Eastern Region (NER) holds immense potential for horticultural and floricultural exports.

APEDA’s Role

  • A statutory body under the Ministry of Commerce & Industry, Government of India.
  • Committed to promoting India’s agricultural and processed food exports globally.
Summary/Static Details
Why in the news? First-Ever Export of Anthurium Flowers from Mizoram to Singapore
Exported Product Anthurium Flowers
Export Route Aizawl (Mizoram) → Kolkata → Singapore
Exporter IVC Agrovet Pvt. Ltd.
Importer Veg Pro Singapore Pte. Ltd.
Facilitating Authority APEDA, Department of Horticulture, Govt. of Mizoram
Quantity 1,024 cut flowers (70 kg) in 50 boxes
Source Zo Anthurium Growers Cooperative Society, Aizawl
Significance Economic empowerment of farmers, promotion of floriculture exports from the North Eastern Region
Floriculture Exports (FY 2023-24) USD 86.62 million
APEDA’s Role Strengthening agricultural and floriculture exports globally

Government Notifies Revisions to MSME Investment and Turnover Criteria: Effective April 1, 2025

The Government of India has announced a major revision in the investment and turnover criteria for the classification of Micro, Small, and Medium Enterprises (MSMEs). The changes, which will take effect from April 1, 2025, are aimed at enhancing business opportunities and providing greater financial flexibility to MSMEs. Under the revised criteria, investment limits have been increased by 2.5 times, and turnover limits have been doubled, as per the announcement made by Union Finance Minister Nirmala Sitharaman during the Union Budget 2025. These revisions will allow larger businesses to qualify as MSMEs, facilitating better access to credit, government incentives, and support schemes.

Key Highlights

Revised MSME Classification

  • Effective Date: April 1, 2025.
  • Purpose: To facilitate greater ease of doing business, expand eligibility for MSME benefits, and enhance the growth potential of enterprises.
  • Increased Investment and Turnover Limits: The government has raised investment and turnover limits for micro, small, and medium enterprises, allowing more businesses to qualify as MSMEs.

Revised MSME Classification Criteria

1. Micro Enterprises

  • Previous Investment Limit: ₹1 crore → Revised Limit: ₹2.5 crore.
  • Previous Turnover Limit: ₹5 crore → Revised Limit: ₹10 crore.

2. Small Enterprises

  • Previous Investment Limit: ₹10 crore → Revised Limit: ₹25 crore.
  • Previous Turnover Limit: ₹50 crore → Revised Limit: ₹100 crore.

3. Medium Enterprises

  • Previous Investment Limit: ₹50 crore → Revised Limit: ₹125 crore.
  • Previous Turnover Limit: ₹250 crore → Revised Limit: ₹500 crore.

Implications of the Revised Criteria

  • Broader MSME Coverage: More businesses will qualify as MSMEs, increasing access to credit facilities and government incentives.
  • Enhanced Growth Opportunities: Enterprises can now scale up operations without losing MSME status, promoting higher investment and innovation.
  • Increased Global Competitiveness: Higher turnover limits allow MSMEs to expand their market reach and compete internationally.
  • Boost to Employment and Economic Growth: The expansion of MSME criteria is expected to generate new jobs and contribute to India’s GDP growth.
Summary/Static Details
Why in the news? Government Notifies Revisions to MSME Investment and Turnover Criteria: Effective April 1, 2025
Investment Limit (Previous → Revised) Turnover Limit (Previous → Revised)
(Micro) ₹1 crore → ₹2.5 crore ₹5 crore → ₹10 crore
(Small) ₹10 crore → ₹25 crore ₹50 crore → ₹100 crore
(Medium) ₹50 crore → ₹125 crore ₹250 crore → ₹500 crore

IRDAI Appoints Five New Members to Insurance Advisory Committee

The Insurance Regulatory and Development Authority of India (IRDAI) has announced the appointment of five new members to the reconstituted Insurance Advisory Committee. These appointments are made under Section 25 of the IRDA Act, 1999, and Regulation 3A of the IRDA (Insurance Advisory Committee) Regulations, 2000. The new members bring extensive experience from the banking, insurance, and financial sectors. The appointments will be effective from the date of publication in the official gazette.

Key Highlights

  • Regulatory Authority: IRDAI has reconstituted the Insurance Advisory Committee.
  • Legal Basis: The appointments are made under Section 25 of the IRDA Act, 1999, and Regulation 3A of the IRDA (IAC) Regulations, 2000.

New Members Appointed

  • MR Kumar – Former LIC Chairman, now Non-Executive Chairman of Bank of India.
  • Dinesh Kumar Khara – Former Chairman of State Bank of India (SBI).
  • Visakha Mule – CEO of Aditya Birla Capital.
  • Nilesh Shah – MD of Kotak Mahindra Asset Management Company.
  • Kotak Ellis G Vaidyan – Former CMD of GIC Re, currently Independent Director at Air India and Tata AIA Life Insurance.

Committee Role

  • The Insurance Advisory Committee consists of members from different sectors, including commerce, industry, and consumer groups.
  • Effective Date: The appointments will be effective from the date of their official gazette notification.
Summary/Static Details
Why in the news? IRDAI Appoints Five New Members to Insurance Advisory Committee
Regulatory Body IRDAI (Insurance Regulatory and Development Authority of India)
Committee Name Insurance Advisory Committee (Reconstituted)
Legal Basis Section 25 of IRDA Act, 1999 & Regulation 3A of IRDA (IAC) Regulations, 2000
New Members MR Kumar, Dinesh Kumar Khara, Visakha Mule, Nilesh Shah, Kotak Ellis G Vaidyan
Background of Members Banking, Insurance, and Asset Management Experts
Committee Role Represents commerce, industry, and consumer groups

Which City of Italy is Known as the City of Water?

There is a famous city in the world known for its beautiful canals and waterways. Instead of roads, it has water streets where boats are used for transportation. The city is built on small islands connected by many bridges, giving it a magical and floating appearance. It attracts millions of tourists every year because of its stunning scenery, history landmarks and romantic charm.

City of Water in Italy

Venice, located in northeastern Italy, is famously known as the “City of Water.” This is because the city is built on 118 small islands in the Venetian Lagoon, a shallow bay in the Adriatic Sea. Instead of roads, Venice has canals as its main transportation routes, making it a unique and beautifully city. Its charming bridges, boats and historic buildings attract millions of tourists every year.

Why is Venice Known as the City of Water?

Venice is called the City of Water due to its special location and structure.

  • The city is built on islands separated by canals instead of streets.
  • Boats and vaporettos (water taxis) are used for transportation.
  • There are no cars or regular roads, making water the primary way to travel.
  • The famous Grand Canal serves as the main waterway, with many gondolas and boats moving through it.

An Overview of Venice

Venice, in northeastern Italy, is known as the “City of Canals” or “Floating City” because it is built on 118 islands in the Venetian Lagoon. These islands are separated by canals and connected by over 400 bridges. The city is divided into 6 districts called sestieri, including San Marco, Dorsoduro and Cannaregio. Its canals and bridges make it a unique and charming destination.

Edelweiss ARC Appoints Mythili Balasubramanian as Interim MD & CEO

Edelweiss Asset Reconstruction Company (EARC) has appointed Mythili Balasubramanian as its Interim Managing Director (MD) & Chief Executive Officer (CEO), effective immediately, until September 30, 2025. Balasubramanian, who has been with EARC for nearly five years, brings over four decades of experience in banking, non-performing asset (NPA) resolution, and the Insolvency and Bankruptcy Code (IBC) processes.

Key Highlights

  • New Interim MD & CEO: Mythili Balasubramanian takes over as the interim leader of Edelweiss ARC.
  • Experience: She has been with EARC for almost 5 years and has 40+ years of expertise in banking, NPA resolution, and IBC processes.

Selection Process for Next CEO

  • A Search Committee has been set up by the Board of Directors.
  • Korn Ferry, a global executive search firm, has been appointed to assist in selecting the next MD & CEO.
  • Commitment to Transparency: The company has assured a structured and transparent selection process and will keep stakeholders updated.

Business Focus

  • Strengthening its service-based income portfolio.
  • Emphasizing platform-driven deals and fee-based income.
  • Collaborating with banks and financial institutions for acquiring stressed assets.

Future Outlook

  • Edelweiss ARC aims for sustained growth in the distressed asset sector, backed by a strong foundation, dynamic leadership, and innovative strategies.
Summary/Static Details
Why in the news? Edelweiss ARC Appoints Mythili Balasubramanian as Interim MD & CEO
Company Edelweiss Asset Reconstruction Company (EARC)
New Appointment Mythili Balasubramanian as Interim MD & CEO
Tenure Until September 30, 2025
Experience 40+ years in banking, NPA resolution, and IBC
Selection Process A Search Committee & Korn Ferry appointed for CEO selection
Company’s Business Focus Strengthening service-based income, platform-driven deals, and acquiring stressed assets
Future Outlook Sustained growth in the distressed asset sector

Justice Harish Tandon Appointed as Chief Justice of Orissa High Court

Justice Harish Tandon has been appointed as the new Chief Justice of the Orissa High Court. His appointment comes after the retirement of Justice Chakradhari Sharan Singh on January 19, 2024. Until now, Justice Arindam Sinha had been serving as the acting Chief Justice.

Official Notification and Appointment Details

The Ministry of Law and Justice issued an official notification on March 22, 2024, announcing Justice Harish Tandon’s appointment. The notification stated: Justice Arindam Sinha, who had been officiating as the acting Chief Justice since January 19, has now been transferred to the Allahabad High Court.

Supreme Court Collegium’s Recommendation

The Supreme Court Collegium, headed by Chief Justice of India (CJI) D.Y. Chandrachud, had earlier recommended Justice Harish Tandon for the post of Chief Justice of the Orissa High Court. This recommendation was made on March 6, 2024, considering his seniority, experience, and expertise in legal matters.

Justice Harish Tandon’s Background and Legal Career

  • Justice Harish Tandon completed his law degree from Calcutta University in 1983.
  • He enrolled as an advocate in 1989 and practiced mainly in civil matters in the Calcutta High Court.
  • Over the years, he handled cases related to constitutional law, civil disputes, commercial litigation, and property laws.
  • His judicial career began when he was appointed as a Judge of the Calcutta High Court on April 13, 2010.
  • He has over 14 years of experience as a judge and has delivered significant judgments in several important cases.

Significance of the Appointment

  1. Strengthening the Orissa High Court: With his vast experience in handling civil matters and constitutional law, Justice Harish Tandon is expected to bring efficiency to the judicial system in Odisha.
  2. Ensuring Stability in Judiciary: His appointment comes at a crucial time when the Orissa High Court needed a permanent Chief Justice after the retirement of Justice Chakradhari Sharan Singh.
  3. Smooth Functioning of the Court: His leadership is expected to expedite pending cases and improve judicial governance in the Orissa High Court.

Summary of the News in Tabular Format

Aspect Details
Why in News? Justice Harish Tandon appointed as Chief Justice of Orissa High Court
Previous Chief Justice Justice Chakradhari Sharan Singh (Retired on January 19, 2024)
Acting Chief Justice Before Appointment Justice Arindam Sinha (Now transferred to Allahabad High Court)
Date of Appointment March 22, 2024
Official Notification Issued By Ministry of Law and Justice
Basis of Appointment Recommendation by Supreme Court Collegium (March 6, 2024)
Previous Position Judge at Calcutta High Court
Legal Education Calcutta University, 1983
Year of Enrollment as Advocate 1989
Judicial Appointment Judge of Calcutta High Court (April 13, 2010)
Expertise Civil law, Constitutional law, Commercial litigation
Significance Strengthening Orissa High Court, ensuring smooth judicial processes

Justice Harish Tandon’s appointment marks an important transition in the Orissa High Court, ensuring continuity in leadership and effective judicial administration. His experience and expertise will play a key role in addressing legal challenges and improving the efficiency of the court.

RRBs Get Five More Years to Amortize Additional Pension Liabilities

The Reserve Bank of India (RBI) has granted Regional Rural Banks (RRBs) an additional five years from FY25 to amortize the additional expenditure arising from the revision in pensions. This decision follows concerns about absorbing the increased liability in a single year. Initially, RRBs were allowed to amortize their pension liability under the Employee Pension Scheme 2018 over five years, starting from FY19. They are now mandated to implement the pension scheme with effect from November 1, 1993.

Key Points

  • Extension of Amortization Period: RRBs now have an additional five years (beginning FY25) to spread out their pension liability.
  • Previous Amortization Rule: Earlier, they were permitted to amortize pension liabilities over five years, starting FY19.
  • Implementation Date: Pension scheme to be implemented retroactively from November 1, 1993.
  • Provisioning Requirements: RRBs must allocate at least 20% of total pension liability annually.

Accounting and Disclosure

  • RRBs must fully recognize pension liabilities as per applicable accounting standards.
  • They should disclose the accounting policy followed in the ‘Notes to Accounts’ in financial statements.

Impact on Financial Statements

  • Any unamortized pension expenditure must be disclosed.
  • Banks should report the net profit impact if full expenditure is recognized in the profit and loss account.
  • Tier-I Capital remains unaffected by pension-related unamortized expenditure.
  • RBI Notification: The central bank has issued official guidelines to ensure compliance and transparency.
Summary/Static Details
Why in the news? RRBs Get Five More Years to Amortize Additional Pension Liabilities
Regulating Authority Reserve Bank of India (RBI)
Banks Affected Regional Rural Banks (RRBs)
Additional Amortization Period Five years starting from FY25
Previous Amortization Period Five years (FY19 to FY24)
Implementation Date of Pension Scheme November 1, 1993
Annual Provisioning Requirement At least 20% of total pension liability per year
Disclosure Requirements Notes to Accounts in financial statements
Impact on Tier-I Capital Pension-related unamortized expenditure not deducted
GA Power Capsule
February 2025 Special Days: List of National & International Important Days_15.1

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