Daily Current Affairs — 9 May 2025
6 articles • UPSC Prelims & Mains
Supreme Court Flags Bitcoin Trading as a Way for Hawala
Context The Supreme Court expressed concern over the unregulated nature of Bitcoin trading in India, likening it to a “refined way of Hawala business.” What is Bitcoin? Bitcoin is a type of digital or virtual currency that uses cryptography for security, making it difficult to counterfeit or double-spend. It operates on decentralized networks based on blockchain technology—a distributed ledger enforced by a network of computers.
CCI Notifies New Definitions to Curb Predatory Pricing
In News The Competition Commission of India (CCI) has notified the “Determination of Cost of Production Regulations, 2025”, replacing its 2009 framework. Background: Predatory Pricing and Competition Law Predatory pricing is defined under the Competition Act, 2002 as the sale of goods or provision of services, at a price below the cost of production with a view to reduce competition or eliminate competitors. Such practices are deemed abuse of dominant position under Section 4 of the Act.
Air Defence Systems: India & World
Context Recently, India thwarted Pakistani aerial attacks along the western border through its air defence systems, and successfully neutralized an air defence system in Lahore, Pakistan. About the Air Defence Systems These are critical components of a nation’s security infrastructure, designed to detect, track, and neutralize aerial threats such as enemy aircraft, missiles, and drones. These systems operate through layered defense mechanisms, combining radars, missile interceptors, electronic w
India's latest MMR Shows a Declining Trend
In News Indias latest Maternal Mortality Ratio (MMR) data was released by the Registrar-General of India. Recent Findings Maternal Mortality Ratio in India dropped to 93 per 100,000 live births in 2019–21, down from 97 (2018–20) and 103 (2017–19). The highest MMR occurs in the 20-29 age group, and the second highest in the 30-34 age group.
CJI Forwards In-House' Panel Probe Report To President
Context Chief Justice of India (CJI) Sanjiv Khanna has forwarded to the President and the Prime Minister the report of an in-house committee that investigated allegations against the Delhi High Court judge. Judicial Precedents K Veeraswami v. Union of India (1991): No criminal case can be registered against a judge of a high court or the Supreme Court without the prior permission of the Chief Justice of India.
SC Rules Rohingya Refugees Subject to Foreigners Act
Context The Supreme Court observed that if Rohingya refugees are found to be ‘foreigners’ under the Foreigners Act, they will be dealt with as per the law. Who are the Rohingya refugees? The Rohingya are a Muslim minority ethnic group with their roots in the Arakan kingdom in Myanmar.