This Week in News: Top Stories You Need to Know (24 March to 29 March, 2025)

By Kishur Boruah, Teacher

At Jnaanangkur The Learning Hub, we believe that staying updated with current affairs is essential for students preparing for competitive exams. Understanding key developments not only enhances general knowledge but also sharpens analytical skills. This week's news roundup covers crucial events from March 24 to March 29, 2025, including economic updates, technological advancements, political shifts, and important happenings in Northeast India. Our goal is to present a simple, well-structured, and insightful summary to help you stay informed and confident in your exam preparation. Let’s explore the most impactful stories shaping our nation!

Top news

Myanmar Earthquake: Over 1,000 Dead, Rescue Efforts Ongoing

A powerful 7.7-magnitude earthquake struck near Mandalay, Myanmar, on March 28, 2025, killing over 1,000 people and injuring nearly 2,400. The disaster has caused severe damage to buildings, roads, and infrastructure, making rescue efforts challenging.

International aid, including teams from China, Russia, and India, is arriving to assist in the relief operations. Experts warn the death toll could exceed 10,000 as rescue teams continue searching for survivors amid disrupted communications.

India's Weekly News Roundup: March 24–29, 2025

1. Economic Developments

RBI Considers Fixed Daily Funding to Manage Liquidity: 

The Reserve Bank of India (RBI) is contemplating reintroducing a fixed daily funding scheme for banks to address unpredictable liquidity fluctuations. These challenges stem from the RBI's substantial forex interventions and inconsistent government spending. Senior bankers and RBI officials are scheduled to meet next week to discuss a revised liquidity management framework, which could influence interest rates, bank lending, and overall economic growth. 

India's Fiscal Deficit Reaches 85.8% of Annual Target: 

India's fiscal deficit for April-February stood at ₹13.47 trillion (approximately $157.62 billion), accounting for 85.8% of the annual target. Net tax receipts during this period were ₹20.16 trillion, or 78.8% of the yearly goal, indicating growth from the previous year's ₹18.49 trillion. Government expenditure totaled ₹38.93 trillion, with capital expenditure reaching ₹8.12 trillion. 

2. Technology and Regulation

Government Criticizes X Over 'Censorship Portal' Label:

 The Indian government has rebuked Elon Musk's X for labeling an official website designed to notify tech companies about harmful online content as a "censorship portal." This dispute has intensified the legal tussle between X and India's authorities, with the government asserting that the site merely facilitates prompt communication of due diligence obligations to tech firms. 

3. Trade Relations

US Trade Officials Visit India Amid Tariff Concerns: 

A delegation of US trade officials, led by Assistant U.S. Trade Representative for South and Central Asia Brendan Lynch, visited India from March 25-29 for trade discussions. This visit underscores the United States' commitment to fostering a balanced trade relationship with India. Amid concerns over potential reciprocal tariffs, both nations aim to work towards a bilateral trade pact targeting $500 billion in trade by 2030. 

4. Banking Sector

IndusInd Bank's Disclosure Highlights Governance Risks: 

IndusInd Bank, India's fifth-largest private-sector lender, disclosed significant accounting discrepancies, alarming investors and highlighting risks posed by inadequate governance. Unauthorized internal derivatives trades, unaccounted for following a prohibition by the Reserve Bank of India (RBI), will reduce the bank's net worth by 2.35%, or about $175 million. This has led to a 25% drop in the bank's market value, approximately $2 billion. 

5. Entertainment

25th IIFA Awards Held in Jaipur: 

The 25th International Indian Film Academy (IIFA) Awards took place on March 8–9 at the Jaipur Exhibition & Convention Centre. Celebrating its silver jubilee, the event honored the best in Indian cinema. 'Laapataa Ladies' led the ceremony with 10 awards, including Best Film, Best Director for Kiran Rao, and Best Actress for Nitanshi Goel. 

6. Health

Vice President Jagdeep Dhankhar Discharged from AIIMS: 

Vice President Jagdeep Dhankhar was discharged from AIIMS Delhi on March 12 after being admitted on March 9 due to cardiac-related ailments. AIIMS reported a satisfactory recovery, advising him to take adequate rest for the next few days. 

7. Law and Order

Police-Drug Trafficker Encounter in Punjab:

 In Firozpur, Punjab, a confrontation between police and a drug trafficker resulted in the seizure of over 2 kilograms of heroin. The incident occurred during a special checkpoint operation when the suspect attempted to evade police, leading to an exchange of gunfire and the suspect's apprehension. 

8. Infrastructure

Delhi Metro's Pink Line Extension Inaugurated: 

The Delhi Metro Rail Corporation (DMRC) inaugurated the extension of the Pink Line, enhancing connectivity between key areas of the city. This extension aims to reduce travel time and ease congestion for daily commuters.

9. Environment

Cyclone Alert Issued for Eastern Coastal States:

 The India Meteorological Department (IMD) issued a cyclone alert for Odisha and West Bengal, predicting heavy rainfall and strong winds. Authorities have initiated precautionary measures, including evacuations in vulnerable areas.

10. Sports

India Clinches Victory in Test Series Against England: 

The Indian cricket team secured a series win against England, triumphing in the final Test match held in Dharamshala. This victory reinforces India's dominance in home Test series.

Northeast Special

Northeast India's Weekly News Highlights: March 24–29, 2025 

1. Infrastructure Development

Northeast India Undergoes Massive Infrastructure Transformation: 

The region is witnessing significant advancements in infrastructure, including the development of new highways, railways, and smart city projects. These initiatives aim to enhance connectivity and foster economic growth across the northeastern states. 

2. Economic Initiatives

Tripura Hosts First-Ever CII Rubber Component Expo 2025: 

On March 28 and 29, the Confederation of Indian Industry (CII) organized the inaugural Rubber Component Expo at the Agartala International Fair Ground. The expo showcased Tripura's burgeoning rubber industry, connecting leaders, manufacturers, and investors to explore new opportunities. 

Sikkim Unveils ₹1.6 Lakh Crore Budget for 2025-26: The Sikkim government presented its annual budget, emphasizing fiscal discipline and growth. The budget outlines allocations aimed at infrastructure development, education, and healthcare improvements within the state. 

3. Law and Order

Manipur: Multiple Arrests in Anti-Extortion Operations: 

Manipur police arrested two cadres of the Kangleipak Communist Party (KCP) in Bishnupur district for their involvement in extortion activities. Additionally, five suspected militants were apprehended in various valley districts as part of ongoing efforts to maintain law and order. 

Heroin Worth ₹5.5 Crore Seized in Imphal: In a significant crackdown on drug trafficking, Manipur authorities arrested three individuals and confiscated heroin valued at ₹5.5 crore in Imphal. This operation underscores the state's commitment to combating narcotics distribution. 

4. Environmental Concerns

Climate Change Extends Mosquito Seasons in Guwahati: 

Studies indicate that climate change is prolonging mosquito seasons in Guwahati, leading to increased risks of vector-borne diseases. Health officials are urging residents to adopt preventive measures to mitigate health impacts. 

5. Political Developments

Former ULFA (I) Deputy Commander Dristi Rajkhowa Joins BJP: 

Dristi Rajkhowa, previously the deputy commander of the United Liberation Front of Asom (Independent), has joined the Bharatiya Janata Party (BJP). His induction is seen as a significant political development in Assam's efforts to integrate former insurgents into mainstream politics. 

6. Education and Appointments

Prof. Sherwin May Sungoh Appointed Pro Vice-Chancellor of NEHU:

 The North-Eastern Hill University (NEHU) appointed Prof. Sherwin May Sungoh as the Pro Vice-Chancellor, marking a notable addition to the institution's leadership team. 

7. Cultural Events

SAMAHAR Celebrates World Theatre Day with Acclaimed Play 'Nyay': 

The theatre group SAMAHAR commemorated World Theatre Day by staging the acclaimed play 'Nyay' in Assam, highlighting the state's vibrant cultural scene. 

8. Healthcare Achievements

First-Ever Double Switch Heart Surgery in Guwahati Saves 4-Year-Old: 

A team of surgeons in Guwahati successfully performed the region's first double switch heart surgery, saving the life of a 4-year-old child. This milestone marks a significant advancement in pediatric cardiac care in Northeast India. 

9. Sports

Myngken Christian School Represents India at Indo-French Football Tournament: 

The under-17 team from Myngken Christian School in Meghalaya represented India at the Indo-French Football Tournament, showcasing the region's budding talent on an international platform. 

Kaziranga Hosts First-Ever Chess Carnival: Kaziranga, Assam, hosted its inaugural chess carnival on March 22 and 23, promoting intellectual sports and attracting participants from across the region.