Your Daily 5 Current Affairs Compass

Created by Admin in Current Affairs 15 Aug 2025

1. IBC Amendment Bill 2025 Passed: The Indian Parliament passed the Insolvency and Bankruptcy Code (IBC) Amendment Bill, 2025. The new legislation is intended to modernize insolvency proceedings, with key provisions including a framework for cross-border insolvency, enhancements to the liquidation process, and stricter timelines for the National Company Law Tribunal (NCLT).

2. India-Singapore Strategic Partnership: India and Singapore reaffirmed their strategic partnership during the third edition of the India-Singapore Ministerial Roundtable (ISMR). The two nations have agreed to focus on collaboration in sectors such as healthcare, digitalization, advanced technology, and connectivity.

3. Four New Semiconductor Projects Approved: The Union Cabinet approved four new semiconductor manufacturing projects under the India Semiconductor Mission (ISM). These projects, located in Odisha, Punjab, and Andhra Pradesh, aim to boost domestic manufacturing and reduce reliance on foreign suppliers.

4. Partition Horrors Remembrance Day: Prime Minister Narendra Modi and other leaders commemorated Partition Horrors Remembrance Day on August 14th. The day is observed annually to remember the victims of the partition of India in 1947 and to reinforce the importance of harmony and unity.

5. U.S. National Debt Reaches $37 Trillion: According to a report from the U.S. Treasury Department, the national debt of the United States reached a historic milestone, surpassing $37 trillion. This figure has raised concerns about fiscal stability and rising treasury yields.