- Former Supreme Court Judge, Justice A.S. Oka, emphasized in a more democratic and institutionalised manner rather than being heavily centered around the Chief Justice of India (CJI).
- In 2018, a public roster system was introduced by the Chief Justice of the Supreme Court, to improve transparency in the allocation of sensitive cases to judges.
- CJI’s Office Under RTI (2019): In Subhash Chandra Agarwal v. Supreme Court, a Constitution Bench held that the office of the CJI falls under the purview of the Right to Information Act — a landmark step for judicial transparency.
- The Supreme Court uploaded details of the appointment process for judges to High Courts and the apex court, enhancing public understanding of judicial selections. Read More
Home / Daily Current Affairs / 27-05-2025
Daily Current Affairs – 27 May, 2025
PDF - India's microfinance sector has witnessed a 163% surge to Rs 43,075 crore in loan delinquencies in FY2025.
- Microfinance refers to financial services offered to low-income individuals or groups who are typically excluded from traditional banking.
- It includes microloans, savings, insurance, and remittance services, mostly extended by NBFC-MFIs, Small Finance Banks (SFBs), and banks.
- Reserve Bank of India (RBI) defines a microfinance loan as a collateral-free loan provided to a household with an annual income up to ₹3,00,000. Read More
Microfinance Loan Delinquencies Jump 163% in FY2025
Context
What is Microfinance?
- The MSME sector is a cornerstone of India’s economy, contributing nearly 29% to GDP, 40% to exports, and employing over 60% of the workforce. However, it's overwhelmingly skewed in favour of micro enterprises:
- Access to Finance is Limited: Only 37% of medium enterprises can access formal loans. Collateral-heavy procedures, poor risk assessment, and lack of dedicated credit lines are barriers.
- Technology Gap: A whopping 82% of Medium Enterprises don’t use advanced tech like AI, IoT, or digital automation — hindering their productivity and global competitiveness.
- Skill Mismatch: About 88% of medium enterprises don’t benefit from any government skill or training program. Training modules are either outdated or inaccessible.
- Low Scheme Awareness: Over 90% are unaware of key government portals or schemes like RAMP, ZED, or GeM. Even when aware, bureaucratic complexity hampers usage. Read More
NITI Aayog Releases Report on “Designing a Policy for Medium Enterprises”
In Context
Challenges Faced by Medium Enterprises
- Coal has long been the backbone of India's energy sector, fueling industries, power plants, and economic growth. However, the global shift towards sustainability has necessitated a transformation in how coal is utilized.
- From 1.10 MWh per capita electricity consumption today to matching or exceeding global averages.
- India’s journey to a $5 trillion economy by 2030 and $35 trillion by 2047 depends on reliable energy access.
- Coal will remain pivotal, complemented by renewables. Read More
Coal Sector in India: A Strategic Engine for Sustainable Growth and Global Leadership
Context
Future Vision: Viksit Bharat 2047
- A global team mapped pea genomic diversity, advancing breeding research, revisiting Mendel’s traits, and boosting sustainable agriculture.
- The expanded gene bank and genomic resources now available to researchers and breeders worldwide have the potential to transform pea breeding and advance research into this environmentally vital legume.
- The study comes at a time when peas and other legumes are being called upon as a source of plant protein, and as sustainable crops which can fix their own nitrogen.
- It will pave the way for more predictive breeding – such as using AI models which can select combinations of genes to deliver better yielding, disease resistant, agronomically viable pea plants. Read More
Mendel’s Work with Laws of Inheritance
Context
Significance of the Study
- The artists of Gond art and Madhubani art met President Droupadi Murmu at Rashtrapati Bhavan as part of the Artists in Residence programme- Kala Utsav.
- They originated in the Madhubani district of Bihar’s Mithila region.
- They are known for their intricate line drawings filled with bright, earthy colors and tribal motifs.
- They were traditionally created by women on mud walls of bridal chambers.
- They featured themes from Hindu mythology and local beliefs, symbolizing marriage and fertility. Read More
