📰 Key National & Economic Developments
Reserve Bank of India (RBI) appoints new Executive Director: CA Usha Janakiraman has been appointed as Executive Director of the RBI effective 1 December 2025 — a significant leadership update in India’s central banking landscape.
Foreign exchange policy update — International Monetary Fund (IMF) reclassifies India’s FX regime: The IMF has re-classified India’s exchange-rate regime from “stabilised” to a “crawl-like arrangement.” This reflects increased flexibility and rupee volatility amid evolving global conditions. This shift can impact forex dynamics, import-export pricing, and foreign capital flows — a key point for banking, economic and current-affairs exams.
Parliamentary developments — heated debate over electoral roll revision: In the Winter Session, the opposition in Parliament demanded a thorough debate on the Special Intensive Revision (SIR) of electoral rolls, raising concerns over process and transparency. This political development could have long-term implications for electoral governance across states.
Push for rebranding colonial-era institutions: The Union Home Ministry has written to all states and union territories asking them to consider renaming “Raj Bhavans” (Governor’s residences) to “Lok Bhavans.” This move aims to shed colonial-era nomenclature and enhance cultural-political sensitivity across India.
🌐 International and Global Affairs
The IMF’s reclassification of India’s FX regime also speaks to broader global economic shifts: increased exchange-rate flexibility signals evolving global currency dynamics and may influence foreign investment flows in emerging economies like India.
Global macroeconomic uncertainty, including shifts in currency policies and trade, remains key context for exam-oriented questions on international finance, global bodies’ recommendations, and economic governance.
🏛️ Socio-Cultural & Government Policy Highlights
The move to rename “Raj Bhavans” to “Lok Bhavans” reflects increasing focus on decolonization of institutional nomenclature — a trend relevant for polity and governance perspectives in exams.
Electoral roll revision (SIR) controversy draws attention to democratic processes, administrative transparency and electoral reforms — topics frequently tested in governance/politics sections of competitive exams.
🎯 Sports, Culture & Other Noteworthy Events
Massive spiritual-cultural event: 21,000 children chant verses of the Bhagavad Gita together — At the International Gita Mahotsav in Kurukshetra, 21,000 children participated in a unified recitation of the Gita, celebrating cultural heritage and national unity. This highlights the continuing relevance of traditional values in modern India.
Golf spotlight — Jaipur Open 2025 tees off: The prestigious Jaipur Open (part of the Professional Golf Tour of India) has begun from 2 December, with a prize purse of ₹1 crore and participation from top Indian and international golfers. A sign of growing professional sports culture and rising interest in non-cricket sports in India.
Sports ecosystem expansion & youth opportunities: As leagues like the Dream League of India (DLI) hold trials across Indian cities — including upcoming Rajasthan trials — grassroots-level opportunity in sports is increasing, important for aspirants studying sports policies, youth employment through sports, and nation-wide sports infrastructure expansion.
