Stay updated Current Affairs Today Jan 31, 2025 on CRED Launches Beta ,₹100 Cr Credit Guarantee Scheme, AI for Language Inclusion, and important updates!
1.CRED Launches Beta E-Rupee Wallet
CRED has launched India’s first fintech-led e-rupee wallet, enabling seamless CBDC transactions, with a focus on convenience and security.
Key Points:
- Transactions up to ₹10,000 per transfer and ₹50,000 daily.
- Zero-cost merchant payments for users.
- Future updates to include programmable payments and PIN-less transactions for amounts under ₹500.
Short Description:
This launch paves the way for more accessible and efficient digital currency transactions, setting the stage for the future of digital payments.
2.Govt Launches ₹100 Cr Credit Guarantee Scheme for MSMEs
The government has introduced a ₹100 crore credit guarantee scheme to boost MSMEs, focusing on reducing financial barriers for machinery and equipment procurement.
Key Points:
- Offers 60% guarantee coverage for loans up to ₹100 crore.
- Loans will support MSMEs in purchasing machinery.
- The scheme runs for four years or until ₹7 lakh crore in guarantees are issued.
Short Description:
This initiative will help MSMEs secure much-needed financing, supporting growth and resilience in India’s manufacturing sector.
3.Documentary Filmmaker Tapan K Bose Passes Away at 78
Renowned documentary filmmaker and human rights activist, Tapan K Bose, passed away at the age of 78, leaving behind a legacy of impactful documentaries.
Key Points:
- Known for his activism during the Emergency and in Punjab & J&K.
- His films such as An Indian Story and The Expendable People highlighted crucial human rights issues.
- Bose was a vocal advocate for the marginalized and oppressed communities.
Short Description:
Bose’s work remains a significant contribution to Indian documentary filmmaking, showcasing social struggles and pushing for societal change.
4.Himachal Approves Cannabis Cultivation Pilot :Current Affairs Today Jan 31
Himachal Pradesh has launched a cannabis cultivation pilot for research in agriculture, medicine, and industry, aiming to explore its economic potential.
Key Points:
- The initiative is overseen by the agriculture department.
- Focused on industrial, medicinal, and agricultural research.
- Aligns with initiatives in other states like Uttarakhand and Uttar Pradesh.
Short Description:
This pilot project could open new avenues for economic growth through cannabis-based products, with far-reaching industrial and medical benefits.
5.BHASHINI Platform: AI for Language Inclusion
The BHASHINI platform uses AI to bridge language barriers, enabling multilingual communication in India’s diverse linguistic landscape.
Key Points:
- Launched under the National Language Translation Mission (NLTM).
- Supports 22 scheduled Indian languages.
- Provides access through Android/iOS apps and the ‘Bhasadaan’ crowdsourcing platform.
Short Description:
BHASHINI is a powerful tool for inclusivity, ensuring digital content and services are accessible to a wider audience, regardless of language.
6.Karnataka Approves Bengaluru Satellite Township Plan
The Karnataka government has approved the Greater Bengaluru Integrated Satellite Township plan, aimed at expanding Bengaluru’s urban growth and improving infrastructure.
Key Points:
- A 8,032-acre township will be developed between Bidadi and Harohalli.
- Five more satellite townships are planned to ease congestion.
- ₹5,000 crore allocated for water security and disaster resilience.
Short Description:
This ambitious urban planning initiative aims to decongest Bengaluru while enhancing regional connectivity and water resilience.
7.Sony Appoints Hiroki Totoki as New CEO
Hiroki Totoki has been appointed as Sony’s new CEO, marking a shift in leadership to expand the company’s entertainment business.
Key Points:
- Totoki replaces Kenichiro Yoshida, with a focus on entertainment growth.
- Hideaki Nishino will lead game & network services.
- Sony shares rose 4.7% following the announcement.
Short Description:
This leadership change signals Sony’s commitment to enhancing its entertainment division, a key growth area in the company’s future.
8.Harpreet Kaur Babla Elected Chandigarh Mayor
Harpreet Kaur Babla has been elected as the new mayor of Chandigarh, defeating the AAP candidate in a close contest.
Key Points:
- Babla won by 19-17 votes, overcoming AAP’s Prem Lata.
- BJP secured victory after defections from the opposition.
- Jaishree Thakur appointed as independent observer for the polls.
Short Description:
Babla’s win marks a significant political shift in Chandigarh, highlighting the BJP’s influence in local governance.
9.Google Maps Renames ‘Gulf of Mexico’ in US
Google Maps has renamed the “Gulf of Mexico” to “Gulf of America” for U.S. users, aligning with a recent Trump administration directive.
Key Points:
- The change reflects U.S. political shifts regarding geographical names.
- Both names will appear outside the U.S. and Mexico.
- The renaming follows a similar action on North America’s tallest peak, Mount McKinley.
Short Description:
This change brings attention to the ongoing debates over place names and the impact of national politics on global mapping.
10.Pakistan Moves to Criminalize Begging
Pakistan is moving to criminalize organized begging after complaints from multiple countries, focusing on tackling exploitation and trafficking.
Key Points:
- The amendment to the Prevention of Trafficking in Persons Bill aims to address global concerns.
- The law targets organized begging syndicates.
- Saudi Arabia and other countries raised concerns over the practice.
Short Description:
This legislative change seeks to curb exploitation while addressing international diplomatic pressures on Pakistan’s handling of beggary.
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