Read Daily Current Affairs of 29 March 2025

Here are the Daily Current Affairs of 29 March 2025

29 March 2025 Current Affairs Highlights

1. Global Summit on Climate Change Concludes with New Emission Targets

World leaders gathered in Paris for the 2025 Global Climate Summit, where nations agreed on stricter carbon emission reduction goals. The "Paris-2025 Pact" mandates a 50% cut in greenhouse gas emissions by 2035 for developed countries, with increased funding for renewable energy projects in developing nations. Critics, however, argue that the targets lack enforcement mechanisms.

2. India Launches Its First Indigenous Space Station Module

In a historic milestone, ISRO (Indian Space Research Organisation) successfully launched the first module of India’s own space station, "Bharatiya Antariksha Station (BAS)". The module, named "Aarohi", was carried by the Gaganyaan-3 mission and marks India’s entry into an elite group of nations with independent space stations. Full operational capacity is expected by 2030.

3. US Federal Reserve Announces Interest Rate Cut Amid Economic Slowdown

The US Federal Reserve reduced interest rates by 0.5%, responding to signs of an economic slowdown. Analysts suggest this move aims to boost consumer spending and stabilize markets amid rising unemployment and declining manufacturing output. The decision has sparked mixed reactions, with some fearing long-term inflationary risks.

4. Russia-Ukraine War: Ceasefire Talks Stall as Fighting Intensifies

Despite international mediation efforts, peace talks between Russia and Ukraine have stalled as both sides accuse each other of violating previous agreements. Recent escalations near Kharkiv and Donetsk have raised concerns of a prolonged conflict. The UN Security Council is set to hold an emergency session to discuss further sanctions.

5. AI Regulation Framework Approved by European Union

The European Parliament passed the "AI Accountability Act", introducing strict regulations on artificial intelligence development and deployment. The law mandates transparency in AI decision-making and bans certain high-risk applications, including autonomous weapons and unchecked facial recognition. Tech giants like Google and Meta have expressed concerns over compliance costs.

6. Major Earthquake Strikes Japan; Tsunami Alerts Issued

A 7.6 magnitude earthquake hit Hokkaido, Japan, triggering tsunami warnings along the Pacific coast. While initial reports indicate limited casualties, rescue operations are underway. Japan’s advanced early warning systems helped minimize damage, but aftershocks remain a concern.

7. Cricket World Cup 2025: India Defeats Australia in Thrilling Final

In a nail-biting finish, Team India lifted the ICC Cricket World Cup 2025 after defeating Australia by 5 runs in Johannesburg. Virat Kohli’s match-winning century and Jasprit Bumrah’s final-over heroics sealed the victory, marking India’s third World Cup title.

8. Bitcoin Surges Past $100,000 Amid Institutional Adoption

Bitcoin crossed the $100,000 mark for the first time, driven by increased institutional investment and new SEC-approved Bitcoin ETFs. Analysts attribute the rally to growing adoption in emerging markets and post-halving supply constraints.

Conclusion

From groundbreaking space missions to critical geopolitical developments, 28 March 2025 has been a day of significant global events. Stay tuned for more updates as these stories unfold.

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