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<p>KD Live is your one-stop shop for all the latest daily current affairs from around the world. We provide concise and informative summaries of the top news stories every day, so you can stay informed without having to spend hours reading the news.<br>
Our daily current affairs are perfect for busy people who want to stay up-to-date on the latest events. They are short, engaging, and easy to understand, and they cover a wide range of topics, from politics and business to sports and entertainment.<br>
Today's blog will be on the current affairs of 29th March 2025. So, check out the current affairs and stay up-to-date. You can download PDF also for current affairs today.</p>

<p>Let's check this news about (Rahul Bhave) Then, we will move ahead.</p>

<h2 id="content-id-1746724405400-0"><strong>Rahul Bhave has been appointed as the Managing Director and CEO of IFCI.</strong></h2>

<p>Rahul Bhave has been appointed as the Managing Director and CEO of IFCI for a three-year term. Previously serving as Deputy MD, his appointment was approved by the Appointments Committee of the Cabinet. IFCI, India’s first development financial institution, was established in 1948. The government has also approved the consolidation of the IFCI Group, merging various subsidiaries like StockHolding Corporation of India Ltd, IFCI Factors Ltd, and others into a unified entity to enhance operational efficiency and streamline management.</p>

<p><img loading="lazy" alt="Rahul Bhave has been appointed as the Managing Director and CEO of IFCI." src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/Rahul-Bhave-has-been-appointed-as-the-Managing-Director-and-CEO-of-IFCI.webp" style="height:200px; width:400px"><br>
[Image Source: Wikipedia]</p>

<h2 id="content-id-1746724405408-1"><strong>Canara Bank appoints S. K. Majumdar as its Executive Director</strong></h2>

<p>The central government has appointed S.K. Majumdar as the Executive Director of Canara Bank for a three-year term, effective March 24, 2025. A chartered and cost accountant with over 25 years of banking experience, Majumdar has been with Canara Bank since 2000, serving in key leadership roles, including project finance and international operations. Before this appointment, he was the Chief General Manager and Group CFO. Following the announcement, Canara Bank's stock rose by 4.25% on the BSE.</p>

<p><img loading="lazy" alt="Canara Bank appoints S. K. Majumdar as its Executive Director" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/Canara-Bank-appoints-S-K-Majumdar-as-its-Executive-Director.webp" style="height:200px; width:400px"><br>
[Image Source: India Today]</p>

<h2 id="content-id-1746724405408-2"><strong>West Bengal Police introduces a mobile app to ensure transparent transfers</strong></h2>

<p>The West Bengal Police have launched a mobile app to ensure transparency in transfer postings, addressing complaints of bribery. The app, part of the e-HRMS software, allows personnel from constable to sub-inspector ranks to apply for transfers, with a deadline of April 11. Special medical cases can apply throughout the year. Previous applicants must reapply through the software. Help desks will assist personnel in using the app. This initiative follows a similar move for teachers with the ‘Utsasree’ app.</p>

<p><img loading="lazy" alt="West Bengal Police introduces a mobile app to ensure transparent transfers" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/West-Bengal-Police-introduces-a-mobile-app-to-ensure-transparent-transfers.webp" style="height:200px; width:400px"><br>
[Image Source: Mint]</p>

<h2 id="content-id-1746724405408-3"><strong>B Sumeeth Reddy Retires from Badminton to Pursue a Coaching Career</strong></h2>

<p>Indian badminton player B Sumeeth Reddy, a Rio 2016 Olympian and Commonwealth Games 2022 silver medalist, has announced his retirement to focus on coaching. Initially a singles player, he transitioned to doubles after a spinal condition threatened his career. Partnering Manu Attri, he reached a career-high world ranking of 17 in men’s doubles and won multiple international titles. Before retiring, he was ranked 25th in mixed doubles with his wife, N Sikki Reddy. Now part of India’s national coaching setup, he aims to strengthen Indian badminton.</p>

<p><img loading="lazy" alt="B Sumeeth Reddy Retires from Badminton to Pursue a Coaching Career" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/B-Sumeeth-Reddy-Retires-from-Badminton-to-Pursue-a-Coaching-Career.webp" style="height:200px; width:400px"><br>
[Image Source: India Today]</p>

<h2 id="content-id-1746724405408-4"><strong>Haryana Introduces AI Chatbot Sarathi to Enhance Citizen Services</strong></h2>

<p>Haryana Chief Minister Nayab Singh Saini has launched the AI-powered chatbot, Sarathi to enhance citizen engagement. Developed by HARTRON, the chatbot provides easy access to government directives, notifications, and circulars, ensuring accuracy and transparency. It processes over 17,820 official documents and 73,622 scanned PDF pages. The initiative aims to improve governance efficiency and accessibility. Additionally, the Chief Minister emphasized timely execution of budget initiatives, healthcare improvements, and school visits by officials to strengthen public services and administrative accountability.</p>

<p><img loading="lazy" alt="Haryana Introduces AI Chatbot Sarathi to Enhance Citizen Services" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/Haryana-Introduces-AI-Chatbot-Sarathi-to-Enhance-Citizen-Services.webp" style="height:200px; width:400px"><br>
[Image Source: NDTV]</p>

<h2 id="content-id-1746724405409-5"><strong>Commemorative Postage Stamp Released in Tribute to Mata Karma</strong></h2>

<p>The Department of Posts, Government of India, has released a commemorative postage stamp honoring Mata Karma on her 1009th birth anniversary. A devoted follower of Lord Krishna, she is remembered for her contributions to social harmony and women’s empowerment. Her offering of khichdi at the Jagannath Temple remains a cherished tradition. The stamp, unveiled in Raipur, features Mata Karma presenting khichdi to Lord Krishna with the temple in the background. It is available at Philately Bureaus and online at ePostOffice.</p>

<p><img loading="lazy" alt="Commemorative Postage Stamp Released in Tribute to Mata Karma" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/Commemorative-Postage-Stamp-Released-in-Tribute-to-Mata-Karma.webp" style="height:200px; width:400px"><br>
[Image Source: India Today]</p>

<h2 id="content-id-1746724405409-6"><strong>RBI Updates Priority Sector Lending (PSL) Guidelines, Effective April 1, 2025</strong></h2>

<p>The Reserve Bank of India (RBI) has revised Priority Sector Lending (PSL) guidelines, effective April 1, 2025, to enhance credit targeting for key sectors. The changes include increased loan limits for housing and renewable energy projects, a higher PSL target of 60% for urban cooperative banks, and expanded eligibility for 'Weaker Sections.' Additionally, the cap on loans to individual women beneficiaries by UCBs has been removed. These updates aim to improve financial inclusion and support economic growth across priority sectors.</p>

<p><img loading="lazy" alt="RBI Updates Priority Sector Lending (PSL) Guidelines, Effective April 1, 2025" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/RBI-Updates-Priority-Sector-Lending-PSL-Guidelines-Effective-April-1-2025.webp" style="height:200px; width:400px"><br>
[Image Source: Mint]</p>

<h2 id="content-id-1746724405409-7"><strong>Baalpan Ki Kavita Initiative, Reviving Traditional Indian Rhymes for Young Children</strong></h2>

<p>The Union Education Ministry has launched the "Baalpan ki Kavita" initiative to compile nursery rhymes and poems in Indian languages and English, focusing on culturally relevant content. The initiative aims to enhance early childhood learning by providing joyful and relatable poems in children's mother tongues. In collaboration with MyGov, the ministry invites submissions of existing, folklore-based, or newly composed rhymes under three categories. This effort seeks to preserve India's linguistic heritage and improve foundational education through engaging literature.</p>

<p><img loading="lazy" alt="Baalpan Ki Kavita Initiative, Reviving Traditional Indian Rhymes for Young Children" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/Baalpan-Ki-Kavita-Initiative-Reviving-Traditional-Indian-Rhymes-for-Young-Children.webp" style="height:200px; width:400px"><br>
[Image Source: Miint]</p>

<h2 id="content-id-1746724405409-8"><strong>Centrico Insurance Repository, a subsidiary of CDSL, collaborates with LIC to offer digital insurance services</strong></h2>

<p>Centrico Insurance Repository, a subsidiary of CDSL, has partnered with LIC to provide digital insurance repository services. This collaboration enhances policy management by allowing policyholders to store and update insurance documents electronically, ensuring a seamless and paperless experience. Centrico already works with 43 insurers, including 23 life insurance companies, while LIC remains India's largest insurer with a strong market presence. This initiative supports digital transformation in the insurance sector, improving accessibility and efficiency for policyholders.</p>

<p><img loading="lazy" alt="Centrico Insurance Repository, a subsidiary of CDSL, collaborates with LIC to offer digital insurance services" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/Centrico-Insurance-Repository-a-subsidiary-of-CDSL-collaborates-with-LIC-to-offer-digital-insurance-services.webp" style="height:200px; width:400px"></p>

<p>[Image Source: Miint]</p>

<h2 id="content-id-1746724405409-9"><strong>ATM Withdrawals to Become More Expensive from May 1 as RBI Approves Fee Increase</strong></h2>

<p>From May 1, ATM withdrawals will become costlier as the RBI raises interchange fees. Customers exceeding their free transaction limits (five in metro cities, three in non-metro areas) must pay Rs 19 per transaction, up from Rs 17. Non-transaction charges, including balance inquiries, have also increased. Banks are updating minimum balance requirements, with penalties for non-compliance. Credit card perks are being revised by major banks. The changes follow requests from ATM operators citing rising costs, impacting smaller banks relying on larger institutions.</p>

<p><img loading="lazy" alt="ATM Withdrawals to Become More Expensive from May 1 as RBI Approves Fee Increase" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/ATM-Withdrawals-to-Become-More-Expensive-from-May-1-as-RBI-Approves-Fee-Increase.webp" style="height:200px; width:400px"><br>
[Image Source: Miint]</p>

<p>comment below your score, considering each question has 1 mark only. If you scored 8 to 10, congratulations! You are one step closer to selection. If you have scored 5 to 8 marks, then you are doing well, keep it up. If you have scored less than 5 marks then you need to work a little harder on this subject. But don't worry, we are here to help you master the subject.</p>

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