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FDI in Insurance | Current Affairs | Vision IAS
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Posted 01 Sep 2025

9 min read

FDI in Insurance

Government has issued draft Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025.

About Rules

  • Issued by: Ministry of Finance (Dept. of Financial Services) under powers of Insurance Act, 1938.
  • Change in Foreign Investment Cap : Enable 100% Foreign Direct Investment (FDI) in insurance from earlier 74%, subject to parliamentary approval.
  • Permitted via: The automatic route, with oversight by the Insurance Regulatory and Development Authority of India (IRDAI).
  • Aims: To unlock the insurance sector’s potential and bolster its projected 7.1% annual growth.
  • Tags :
  • FDI in Insurance
  • Insurance Act, 1938

Digilocker

National e-Governance Division (NeGD) has successfully enabled Pan-India integration of nearly 2000 e-Government services on DigiLocker and e-District platforms.  

  • NeGD is a section 8 not-for-profit company created as an Independent Business Division under the he Ministry of Electronics & Information Technology (MeitY).

About DigiLocker

  • Purpose: A flagship MeitY initiative, it ensures 'Digital Empowerment' by providing citizens authentic digital documents.
  • Legal Standing: Issued documents are legally at par with originals as per IT (Preservation and Retention of Information by Intermediaries providing Digital Locker facilities) Rules, 2016.
  • Benefits: Offers anytime, anywhere access and faster service delivery for citizens. It also reduces administrative overhead for agencies and facilitates secure document exchange with real-time verification.
  • Tags :
  • DigiLocker
  • National e-Governance Division (NeGD)

Magsaysay Award

Educate Girls NGO becomes first Indian organisation to win Ramon Magsaysay Award, in 2025.

About Ramon Magsaysay Award (Established, 1957)

  • First Award: 1958. It is Asia’s highest honor, the Asian version of the Nobel Prize.
  • Awarded: Annually
  • It celebrates the memory and leadership example of the Seventh Philippine president, Ramon Magsaysay. 
  • Recognises and honours: individuals and organisations in Asia, regardless of race, creed, gender, or nationality, who have achieved distinction and have helped others generously without aiming for public recognition.
  • Tags :
  • Magsaysay Award
  • Educate Girls

Exercise Yudh Kaushal

Indian Army has conducted Exercise Yudh Kaushal 3.0 in the Kameng region in Easter Himalayas.

About Exercise Yudh Kaushal

  • Major highlight was the operational debut of the newly raised ASHNI platoons, designed to integrate advanced technology with traditional combat skills for decisive battlefield advantage.
  • It also marked active participation of the Indian defence industry, reflecting the push for indigenous innovation under the vision of self-reliance.
  • Tags :
  • Exercise Yudh Kaushal
  • ASHNI platoons

APK Scam

APK scam has become one of the fastest-growing cybercrime threats in the country today.

About APK Scam

  • It is a type of fraud where criminals use social engineering to trick individuals into installing malicious Android Package Kit (APK) files on their mobile phones.
    • Social Engineering techniques include impersonating as trustworthy individuals or entities, such as bank employees or government officials, creating a sense of urgency or fear, etc.
  • Subsequent to installation of APK files, fraudsters can carry out unauthorized financial transactions without the victim's consent, leading to significant financial losses.
  • Tags :
  • Cybercrime
  • APK Scam

Mercator’s Map

African Union has endorsed the ‘Correct the Map’ campaign to replace the Mercator map projection with alternatives such as the Equal Earth map.

About Mercator’s Map

  • Origin & Purpose: Designed in 1569 by Gerardus Mercator, this projection aimed to solve navigation issues by making rhumb lines appear as straight lines on a flat map.
  • Characteristics: It is a conformal map, preserving local shapes and angles, achieved by stretching the north-south scale.
  • Distortions: It distorts scale, showing landmasses near the poles as larger and equatorial regions as smaller than reality. E.g., Africa appears roughly as large as Greenland, despite being 14 times bigger.
  • Tags :
  • Equal Earth map
  • Mercator’s Map

Multi-Lane Free Flow

NHAI signed agreement to implement India’s First Multi-Lane Free Flow (MLFF) Tolling System in Gujarat.

About MLFF

  • It is a tolling system that enables transactions through reading of FASTag and Vehicle Registration Number (VRN) by High performance RFID Readers and Cameras.
  • Launched by:  Ministry of Road Transport and Highways (MoRTH).
  • Significance: 
    • Barrier-less: No need to stop vehicles.
    • Reduced congestion and travel time leading to enhanced fuel efficiency and lower emissions 
    • Improved toll revenue collection, smarter, faster and more efficient National Highway network.
  • Tags :
  • FASTag
  • NHAI
  • Tolling System

Advance Authorisation Scheme

Union Government has extended the Export Obligation Period for products under Advance Authorisation Scheme to provide relief to textile exporters.

About Advance Authorisation Scheme

  • Meaning: It is an export incentive program, which allows duty free import of input, which is physically incorporated in export product (making normal allowance for wastage) without mandatory Quality Control Order (QCO) compliance. 
  • It covers manufacturer exporters or merchant exporters tied to supporting manufacturer(s).
  • Quantity of inputs allowed for a given product is based on specific norms defined for that export product
  • Tags :
  • Advance Authorisation Scheme

Blue Dragons

Several beaches in Spain were closed due to Blue Dragons.

About Blue Dragons

  • About: Blue dragons (Glaucus atlanticus) are tiny (4 cm long) floating sea slugs that live on the ocean surface.
  • Occurrence: They are generally found along the warm tropical waters of the Pacific, Atlantic, and Indian oceans. 
  • Impact on Humans: A sting from a blue dragon can be extremely painful to humans and cause redness, swelling, nausea, and vomiting. However, it cannot lead to death.
  • Tags :
  • Blue Dragons
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