Daily Current affairs and GK Update
1. National Affairs Mumbai Metro Line-3 Phase-2B Inauguration Prime Minister inaugurated Phase 2B (final stretch) of the Mumbai Metro Line-3 (Aqua Line), covering the segment from Acharya Atre Chowk to Cuffe Parade. Designed under a Public-Private Partnership (PPP) model with Adani Airports (AAHL) and CIDCO. This completion enhances connectivity along the South Mumbai corridor, easing…
1. National Affairs Navi Mumbai Airport Inauguration Prime Minister Narendra Modi inaugurated the first phase of the Navi Mumbai International Airport, constructed under a PPP model by the Adani Group. This greenfield airport is aimed at decongesting Mumbai’s existing airports and bolstering connectivity for the Mumbai Metropolitan Region. Modi Inaugurates ₹24,000 Crore Rail Expansion Projects…
1. National News & Developments Biometric Authentication for UPI launched From 08 October 2025, India begins implementing biometric authentication (face recognition / fingerprints) for digital payments via UPI. The move shifts away from PIN-based authentication, aiming to strengthen payment security and convenience for users. This aligns with recent guidelines by the Reserve Bank of India…
1. National News & Developments Bank Holiday / Valmiki Jayanti– On 07.10.2025, many states, including Delhi and Uttar Pradesh, observed a public holiday on account of Maharishi Valmiki Jayanti.– As a result, most banks across the country remained closed following RBI’s holiday calendar.– Educational institutions, government offices and schools in affected states also remained shut….
📰 National Affairs (India) India–EU FTA Talks Begin (14th Round) On 6 October, India and the European Union commenced the 14th round of Free Trade Agreement (FTA) negotiations in Brussels. Emphasis is on breaking deadlocks in tariffs, non-tariff barriers, regulatory harmonization, sustainability, and market access. Both sides aim to finalise the deal before year-end. Piyush…
1. National News & Affairs India–UK Exercise KONKAN-2025 begins The bilateral naval exercise between India and the UK commenced off the western coast of India. It will run from 5 to 12 October 2025. Activities include anti-air, anti-surface, anti-submarine warfare drills, flying operations, and professional interactions. India is deploying INS Vikrant and other ships; the…
1. Banking & Financial Reforms From 4 October 2025, the Reserve Bank of India (RBI) introduces a real-time cheque clearing mechanism. Cheques will now be cleared within hours (10:00 AM to 4:00 PM) via continuous settlement, replacing the batch-based system which used to take 1–2 business days. Banks will need to confirm cheque authenticity by…
1. National Affairs & Government / Policy RBI’s push to internationalise the Indian Rupee The Reserve Bank of India announced around 22 reforms aimed at boosting the use of the rupee in cross-border trade. Key steps include establishing direct conversion arrangements with UAE dirham and Indonesian rupiah, expanding rupee vostro account usage (for holding rupee…
1. Key National Developments RBI holds key repo rate at 5.50%The Reserve Bank of India retained its repo rate at 5.50% and adopted a neutral stance. Signals have indicated the possibility of a rate cut in December, contingent on inflation and growth trends. Inflation forecasts have been revised downward, and GDP growth estimates have been…
1. National / India News RBI Monetary Policy: Rate Maintained at 5.50 %In the RBI’s policy review, the repo rate is likely to be held at 5.50 % as per consensus among economists. The central bank continues with a calibrated stance given inflation is within target and growth signals are mixed. Appointment: Shirish Chandra Murmu…
