Daily Current Affairs and GK | 25 January 2025

Topic: Indian Economy

1. India's share in global consumption is projected to be 16% by 2050.

• According to the McKinsey Global Institute titled "Dependency and Depopulation: Confronting the Consequences of New Demographic Reality," it is estimated that India's share in global consumption will be 16% by 2050, down from 9% in 2023.
• Only North America, with an estimated 17% share, will overtake India's global consumption share by 2050.
• These estimates are based on purchasing power parity, which adjusts for price differences between different countries.
• The increase in India's share of global consumption is mainly due to its young and growing population as well as rising incomes.
• Only 26% of the global population will reside in first-wave areas (areas with historically low fertility rates) by 2050, a sharp decline from 42% in 1997.
• By 2050, India's labour force will account for two-thirds of global working hours.
• India's share of the global population, which was 23% in 2023, will decline to 17% by 2050.

Topic: Important Days

2. National Voters’ Day 2025: 25 January

• National Voters’ Day is celebrated to create electoral awareness amongst citizens and encourage them to take part in the electoral process.
• It is celebrated every year on 25th January to mark the foundation day of the Election Commission of India.
• This year, the 15th National Voters’ Day is being observed.
• The theme for National Voters’ Day 2025 is ‘Nothing Like Voting, I Vote For Sure’.
• This year’s theme is a continuation from last year’s theme.
• National Voters’ Day is being celebrated on January 25 every year since 2011.
• 25th January 1950 is the foundation day of the Election Commission of India.
• On this occasion, the President received the first copy of the Election Commission's coffee table book, 'India Votes 2024: A Saga of Democracy,' which chronicles the journey of the 18th Lok Sabha elections.

Topic:Defence

3. Defence Minister Rajnath Singh flagged off Battlefield Surveillance System ‘SANJAY’.

• The battlefield surveillance System ‘SANJAY’ will increase battlefield transparency.
• It is equipped with state-of-the-art sensors and cutting-edge analytics and will transform the future battlefield.
• It will be inducted into the Indian Army in three phases starting from March 2025.
• It has been indigenously and jointly developed by the Indian Army and Bharat Electronics Limited.
• It has been developed with a cost of two thousand 402 crore rupees.
• It will help in monitoring the vast land borders, prevent intrusions, and assess situations with unparalleled accuracy.
• It would enable commanders to operate in both conventional and sub-conventional operations in a Network Centric Environment.

Topic:Corporates/Companies

4. Skyodo gets nod as cross-border payment aggregator.

• Skydo Technologies Pvt Ltd has received approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cross Border (PA-CB) entity.
• It is one of the first companies in the cross-border payments field to receive the approval.
• Skydo Technologies Pvt Ltd was started as a cross-border payments company in 2022 and currently serves over 12,000 exporters in India.
• It processes more than $250 million in annual export payments.
• Skydo’s customers are small and medium businesses selling a range of products.