Current Affairs Today - 12-03-2025

A detailed overview in this post Current Affairs Today - 12-03-2025 of important developments in India's economy, science, international relations and startups! 

 The demand for warehousing has increased significantly in India, with Mumbai seeing the highest growth. NASA has launched the SPHEREX mission to explore the origins of the universe. Prime Minister Narendra Modi has been conferred the highest civilian award of Mauritius. According to the NHB report, India's housing sector has witnessed a huge growth.

 Also, venture capital funding in India is projected to grow by 43% to reach $13.7 billion in 2024. Read this article to get detailed information about all these important developments!

Current Affairs Today - 12-03-2025

Current Affairs Today - 12-03-2025 with details information

 1️⃣ Demand for warehousing rises in India, highest growth in Mumbai (Current Affairs Today)

 The warehousing sector in India is witnessing huge growth, especially due to the expansion of e-commerce, logistics and manufacturing sectors, the demand for it has increased rapidly. The cities of Mumbai, Delhi-NCR, Bangalore and Hyderabad are in high demand for warehousing. Mumbai has seen the highest growth in warehousing especially due to its port and industrial areas. With inflation, rising land rates and smart warehousing solutions being introduced with the help of technology, this is likely to see even greater growth in the future.

 2️⃣ NASA launched SPHEREX to explore the origin of the universe (Current Affairs Today)

 NASA has launched a new space observatory mission called SPHEREX (Spectro-Photometer for the History of the Universe, Epoch of Reionization, and Ices Explorer). The mission aims to explore the origins of the universe and learn more about the formation of constellations. SPHEREX will observe more than 300 million galaxies and help understand the expansion rate of the universe. Also, it will be useful in searching for ice in space and life-supporting elements.

 3️⃣ Prime Minister Narendra Modi awarded highest civilian honor of Mauritius (Current Affairs Today)

 Prime Minister Narendra Modi has been awarded the highest civilian honor "Order of the Star and Key of the Indian Ocean - OSK" by the Government of Mauritius. The award is given in recognition of Modi's contribution to the historic friendly relations and bilateral cooperation between India and Mauritius. India has extended major cooperation to Mauritius in infrastructure development, digital transformation, health and education.

 4️⃣ The NHB report highlighted the growth in India's housing sector (Current Affairs Today)

 According to the latest report of the National Housing Bank (NHB), the housing sector in India is witnessing a huge growth. Urbanization, increasing purchasing power of the middle class, and schemes like the government's 'Pradhan Mantri Awas Yojana' are driving rapid progress in the housing sector. Low home loan interest rates have made it easier for people to buy houses. New residential projects are on the rise, particularly in Tier-2 and Tier-3 cities, fueling India's economic growth.

 5️⃣ Venture capital funding in India to grow 43% to reach $13.7 billion in 2024 (Current Affairs Today)

 Venture capital (VC) funding for startups and technology companies in India has grown exponentially. This investment is expected to increase by 43% to reach $13.7 billion in 2024. Especially in artificial intelligence (AI), healthtech, fintech and clean energy sectors, huge investments are being made. Many foreign investors are attracted to Indian startups, boosting the country's digital and innovation sector.

 All these developments are a reflection of India's economic, technological, and international progress. This sector is expected to grow faster in the next few years.

Frequently Asked Questions (FAQ) for Current Affairs Today

 1. Why is the demand for warehousing increasing in India?

 ✅ The demand for warehousing in India is increasing rapidly due to the growth of e-commerce, logistics and manufacturing sectors. This demand is especially high in big cities like Mumbai, Delhi-NCR and Bangalore.

 2. NASA's SPHEREX mission has been launched for what purpose?

 ✅ NASA has launched the SPHEREX mission to explore the origin of the universe and observe the formation process of galaxies. The mission will study 300 million galaxies.

 3. Prime Minister Narendra Modi has received which Mauritius award?

 ✅ Prime Minister Narendra Modi has been awarded Mauritius' highest civilian award "Order of the Star and Key of the Indian Ocean" (OSK).

 4. According to the NHB report what has changed in the housing sector of India?

 ✅ NHB report has revealed a huge growth in India's housing sector. Urbanization, low interest rates on home loans, and government schemes have increased the demand for housing.

 5. How much has venture capital funding in India grown?

 ✅ Venture capital funding for India's startups to grow by 43% to reach $13.7 billion in 2024. In particular, there has been huge investment in the AI, healthtech, fintech and clean energy sectors.

 All these developments are important for India's economic, technological and international progress.

Read Others

Current Affairs Today – 11-03-2025