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DAILY DOSE 26^thMAY – 2025 CURRENT AFFAIRS

1) MAHASAGAR Initiative Launched to Enhance Global Oceanic Security and Cooperation.

India unveiled the MAHASAGAR initiative (Mutual and Holistic Advancement for Security and Growth Across Regions), expanding PM Modi’s original SAGAR doctrine.
The shift marks an evolution from a regional Indian Ocean focus to a comprehensive global maritime strategy.
A high-level dialogue titled “The Mahasagar Initiative in the Current Security Context” was organized by the Chintan Research Foundation in the capital.

2) India stressed on removal of export controls among BRICS nations.

During the BRICS Trade Ministers meeting in Brasilia on 21 May, India called for removal of export controls among BRICS countries.
The meeting was organized under Brazil’s presidency with the theme: “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.”
It served as a platform for India to advocate for enhanced intra-bloc trade cooperation and mutual support.
India’s representation was led by Economic Adviser Yashvir Singh from the Department of Commerce.

3) India became the fourth largest economy of the world.

India has overtaken Japan to become the world’s fourth-largest economy, according to IMF data.
The announcement was made by NITI Aayog CEO B.V.R. Subrahmanyam, who cited official figures.
Currently only the United States, China and Germany are ahead of India.
India’s nominal GDP is estimated to have increased to $4,187.017 billion, higher than Japan’s estimated $4,186.431 billion.

4) Shubman Gill appointed as the new Test captain of India.

Right-handed batsman Shubman Gill has been appointed as India’s 37th Test captain for the England Test series.
On 24 May, the squad was announced by chief selector Ajit Agarkar, highlighting strategic changes.
The five-match Test series will be held in England and will begin from June 20.

On 24 May, the 10th Governing Council Meeting of NITI Aayog was chaired by Prime Minister Narendra Modi.
The event was held at the Bharat Mandapam venue in New Delhi.
It was attended by Chief Ministers and Lieutenant Governors of 24 states and 7 union territories.
The theme this year was Viksit Rajya for Viksit Bharat@2047.

A two-day National Writeshop is being organized by the Ministry of Panchayati Raj on 26–27 May 2025 in New Delhi for the rollout of PAI 2.0.
The event will witness the official launch of the Panchayat Advancement Index (PAI) Version 2.0 for FY 2023–24, replacing PAI 1.0.
The aim of PAI 2.0 is to empower Gram Panchayats through data-driven monitoring, planning, and transparent governance.
The inaugural session attended by senior officials from MoPR, MoSPI, and NITI Aayog, including Secretary Vivek Bharadwaj.

7) The government has approved an 8.25% interest rate on Employees’ Provident Fund savings for the financial year 2024-25.

This decision will affect more than 7 crore salaried individuals in India.
The rate was proposed earlier by the Central Board of Trustees of the Employees’ Provident Fund Organisation.
It remains the same as the interest rate for the year 2023-24.
In 2022-23, the Employees’ Provident Fund interest rate was slightly lower at 8.15%.

8) Maldivian Foreign Minister Abdulla Khaleel is in India for a three-day official visit.

He will lead the Maldivian team at the second India-Maldives High Level Core Group (HLCG) meeting in New Delhi.
It will focus on reviewing progress under the India-Maldives Vision Document.
This document emphasizes economic cooperation and maritime security.
It was adopted during President Mohamed Muizzu’s visit to India in October 2024.

9) Union Home Minister Amit Shah is on a three-day tour of Maharashtra.

During his visit, he will launch several major infrastructure projects in Nagpur.
He will lay the foundation stone of ‘Swasti Niwas’ at the National Cancer Institute in Jamtha.
He will also lay the foundation stone for the new campus of the National Forensic Science University (NFSU) at Mouza Chicholi in the Kamptee region.
This will be NFSU’s 11th campus overall and the first in Maharashtra.

10) The Supreme Court has ordered a cadre review for all Central Armed Police Forces (CAPFs).