Current Affairs 25th January 2018 – Banking, SSC, UPSC Affairs

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Union Government To Infuse Over Rs88 Thousand Crore In 20 PSB

25 January 2018 Current Affairs: The Union Government announced 88,139 crore rupees capital infusion in 20 public sector banks, PSBs, during the current fiscal ending 31st March to boost lending and revive growth.

IDBI Bank will get the most- Rs10,610 crore followed by State Bank of India 8,800 crore rupees.

The 20 banks that will receive the capital infusion during this phase include Bank of India, UCO Bank, and Punjab National Bank.

In October last year, the government had announced over two lakh crore rupees bank recapitalization plan spread over spread over two financial years  2017-18 and 2018-19.

Union Government to increase number of AMRIT pharmacy stores 4 times

The Ministry of Health and Family Welfare announced to increase the number of AMRIT pharmacy stores by four times by end of 2018 from the existing 111 outlets in a bid to make low-cost medicines more accessible. So far, 52 lakh patients have been benefited by buying discounted drugs (60 to 90% less than market price) from AMRIT (Affordable medicine and reliable implants for treatment) stores and have saved over Rs. 267 crores.

The AMRIT (Affordable medicine and reliable implants for treatment) scheme aims to reduce expenditure incurred by patients on the treatment of cancer.

Under it, retail outlets in the name of AMRIT pharmacy are opened to sell drugs for cancer and heart diseases at highly discounted rates on market rates.

Prime Minister Narendra Modi presents National Bravery Awards to 18 children

Prime Minister Narendra Modi honored 7 girls and 11 boys with the National Bravery Awards. Praising the resolve of the awardees.

The children felicitated by him in the past hailed from “rural and simple background”.

The awardees include a 14-year-old Karnataka girl who died while trying to save two boys from drowning.

Eighth National Voters Day is observed on 25th January

The Election Commission of India celebrated the 8th National Voters’ Day across the country on 25th January for enhanced participation of citizens in the electoral process.

The National level function was held in New Delhi.

President Ram Nath Kovind gave away awards for best electoral practices to District Collectors, Superintendents of Police and other functionaries involved in election management.

Ursula K. Le Guin, Best-Selling Science Fiction Author Passes Away

Ursula K. Le Guin, the award-winning science fiction and fantasy writer who explored feminist themes and was best known for her Earthsea bookspassed away at the age of 88.

Le Guin won an honorary National Book Award in 2014. Le Guin’s first novel was Roncannon’s World in 1966.

Her book, ‘The Left Hand of Darkness’ won the Hugo and Nebula awards top science fiction prizes.

S Somanath Takes Charge As Vikram Sarabhai Space Centre’s Director

SRO’s Liquid Propulsion Systems Centre (LPSC) director S Somanath taken charge as the new director of Vikram Sarabhai Space Centre (VSSC). 

It is ISRO’s lead center for launch vehicles.

He replaced K Sivan who has joined ISRO as Chairman.

Bharat Parv to be held at Red Fort on Republic Day

Cultural extravaganza Bharat Parv will be held at the Red Fort in Delhi as part of the Republic Day celebrations.

The prime objective of the event is to promote rich cultural diversity of the country, generate a patriotic mood and to ensure wider participation of the general public.

The Bharat Parv event includes a display of Republic Day Parade Tableaux, Performances by Armed Forces Bands, Cultural Performances from a different region.

Tamil Nadu CM Edappadi K Palanichamy receives UNESCO Award

Tamil Nadu Chief Minister Edappadi K Palanichamy received UNESCO Award of Merit awarded to the iconic Srirangam Ranganathaswamy temple in Tiruchirapalli.

The award of merit was awarded by UNESCO Asia Pacific region for the reconstruction activities undertaken in the temple without in the least affecting its traditional splendor and Vedic rituals.

It is considered as one of the most important of the 108 main Vishnu temples (Divyadesams).

Rapid Reporting System For SAG Launched On National Girl Child Day

Secretary, Ministry of Women and Child Development (MWCD), Mr. Rakesh Srivastava launched the Phase -1 i.e. the beneficiary module of the Rapid Reporting System (RSS) for the Scheme for Adolescent Girls (SAG) on the occasion of National Girl Child Day (24th January).

It is a web-based online monitoring for the Scheme for Adolescent Girls in New Delhi.

The URL for the portal is ‘’

Presently, MWCD is implementing the Scheme for Adolescent Girls (SAG) in selected 508 districts across the country.

IOB and NHB Tie Up For Rural Housing Push

Indian Overseas Banksigned a MoU with National Housing Bank for the Rural Housing Interest Subsidy Scheme (RHISS) of the Ministry of Rural Development.

The main aim of the RHISS is to prove a subsidy for housing loans taken by those living in rural areas for construction and modifications of their dwelling units.

The interest subsidy under the scheme is 3 per cent for a loan amount of Rs2 lakh for 20-year tenure.

Indian Overseas Bank has become one of the first public sector banks to implement the scheme.

The subsidy is offered at three per cent for a loan amount of Rs. 2 lakh and with a loan tenure of 20 years.


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