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Daily Current Affairs – 23 May, 2025

    Significance of Buddhist Teachings in Modern World

    Context

  • The reference to Buddhist philosophy—particularly the idea that the self is an illusion—is both potent and relevant in the modern world.

    • About

  • The world is increasingly focused on self-promotion as a pathway to peace and progress.
  • Social media, particularly selfie culture, reinforces a curated, often artificial sense of identity.
  • This external validation fosters anxiety, fear of inadequacy, and a desire for more—leading to widespread emotional distress.
  • The Buddha taught that the idea of a permanent “self” is a false construct and the root of suffering.
    • Read More

    Financial Fraud Risk Indicator (FRI) 

    Context

  • Recently, the Department of Telecommunications (DoT) has launched the Financial Fraud Risk Indicator (FRI) as part of the Digital Intelligence Platform (DIP) to safeguard financial systems and telecom infrastructure.

    • About Financial Fraud Risk Indicator (FRI)

  • FRI is a risk-based metric that classifies mobile numbers into three categories—Medium, High, or Very High risk—based on their likelihood of being involved in fraudulent activities.
  • This classification is derived from multiple data sources, including the Indian Cybercrime Coordination Centre’s National Cybercrime Reporting Portal, the DoT’s Chakshu platform, and information shared by banks and financial institutions.
  • When a mobile number is flagged, it undergoes a multi-dimensional analysis to assess its risk level. The FRI assessment is then shared with stakeholders in real-time.
  • Major UPI platforms like PhonePe, Paytm, and Google Pay are now integrating FRI alerts.
    • Read More

    Jal Jeevan Scheme: MPs Flag ‘Irregularities’

    In News

  • Several MPs have called for an investigation into alleged irregularities in the implementation of the Jal Jeevan Mission, particularly concerning inflated contracts and cost overruns.

    • Challenges

  • The mission faces several challenges, such as a lack of dependable water sources in certain areas, groundwater contamination, uneven geographical terrain, scattered rural habitations, and delays in obtaining statutory clearances etc. 
  • Issues have been raised for long-standing water shortages and mismanagement.
  • It faces scrutiny for possible financial mismanagement and lack of transparency.
    • Read More

    Net FDI slumps 96% in FY25 to $353 mn

    Context

  • As per the RBI, the Net foreign direct investment (FDI) into India crashed by more than 96% to just $353 million in 2024-25 as compared to the previous year. 

    • Why Net FDI Matters? 

  • Positive Net FDI: Indicates more foreign investment is coming in than going out, often seen as a sign of economic attractiveness.
  • Low or Negative Net FDI: May suggest capital is being withdrawn or domestic firms are investing more abroad than foreigners are investing locally.
  • Not always negative but it may reflect economic maturity or global ambition.
    • Read More

    International Day for Biodiversity 2025

    Context

  • The International Day for Biological Diversity is celebrated every year on 22 May.

    • Background

  • The IDB commemorates the adoption of the Convention on Biological Diversity (CBD) on 22 May 1992 during the Rio Earth Summit.
  • The day creates awareness among the citizens and stakeholders on the importance and need for the conservation of biological diversity.
  • The 2025 theme is "Harmony with Nature and Sustainable Development."
    • Read More

    Gallantry Awards 

    In News

  • President Droupadi Murmu conferred Kirti Chakras and Shaurya Chakras to the personnel of the Armed Forces, Central Armed Police Forces and State/Union Territory Police during Phase-I of the Defence Investiture Ceremony at Rashtrapati Bhawan.

    • Gallantry awards

  • The Ministry of Defence invites recommendations twice in a year from the Armed Forces and Union Ministry of Home Affairs for gallantry awards.
  • They  were given to the personnel for displaying raw courage, unparalleled bravery and total disregard to personal safety in the line of duty.
  • The awardees showed exceptional courage during various operations, including counter-terrorism and counter-insurgency operations in J&K and the North-East, anti-piracy operations, and fire-fighting operations.
    • Read More

    News In Short-23-05-2025

    Context

  • Eminent economist Sachin Chaturvedi, took charge as the Vice-Chancellor of Nalanda University in Bihar.

    • About

  • The Parliament of India established the Nalanda University through the Nalanda University Act, 2010.
  • It started functioning in 2014 from a makeshift location with 14 students, and construction work started in 2017.
  • The new campus of Nalanda University is close to the site of the ancient ruins of Nalanda in Rajgir, Bihar.
    • Read More
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