Today Current Affairs – 31st Jan, 2025

National News:

Republic Day Tableau Awards:

During the 76th Republic Day celebrations, Uttar Pradesh’s tableau, themed ‘Mahakumbh,’ was awarded the best tableau. This recognition highlights the state’s rich cultural heritage and the significance of the Kumbh Mela, one of the world’s largest religious gatherings. Tripura’s tableau, showcasing the traditional Kharchi Puja, secured the second position, emphasizing the state’s unique cultural practices. Andhra Pradesh’s depiction of ‘Etikoppaka Bommalu’ wooden toys earned the third spot, bringing attention to the state’s traditional craftsmanship.

In the marching contingents category, the Jammu & Kashmir Rifles was recognized as the best among services, reflecting their discipline and dedication. The Delhi Police contingent topped the Central Armed Police Forces and auxiliary forces category, showcasing their commitment to maintaining law and order. The Ministry of Tribal Affairs received accolades for its tableau on ‘Janjatiya Gaurav Varsh,’ celebrating the pride and contributions of tribal communities.

International News:

South Korea’s Political Developments:

In a historic move, South Korea has established an embassy in Cuba for the first time, signaling a significant shift in diplomatic relations between the two nations. This development is expected to foster bilateral cooperation in various sectors, including trade, culture, and tourism.

Concurrently, South Korea is witnessing unprecedented political events. President Yoon Suk Yeol has become the first sitting president to be indicted, facing charges of insurrection and abuse of power following his imposition of martial law in December. This situation has led to a standoff between the presidential security forces and the Corruption Investigation Office, culminating in his arrest. The nation is now navigating a complex political landscape, with potential implications for its domestic stability and international relations.

Economic News:

UK Financial Updates:

In the United Kingdom, households are bracing for significant increases in various bills throughout 2025. Notably, energy bills are set to rise from January 1 due to an increase in the price cap. Other expected hikes include mortgage rates, alcohol duties, rail costs, mobile and broadband charges, council tax, water bills, flight costs, and TV license fees. Consumers are advised to seek better deals and consider financial planning to mitigate these costs.

To manage these financial challenges, individuals are encouraged to explore competitive energy and mortgage deals, pay down existing debts, and apply for available support where eligible. Additionally, being mindful of key financial dates, such as tax return deadlines and opportunities to claim benefits like the Winter Fuel Payments, can aid in effective financial planning.