National Affairs
The Banking Laws (Amendment) Act, 2025 provisions relating to nominations in bank deposit accounts and safe custody items came into effect from 1 November 2025. Depositors can now nominate up to four individuals for their bank accounts and safety-lockers.
New financial rule-changes effective November 2025 include : changes in bank website domain names, online Aadhaar update fees, life-certificate submission deadlines for pensioners, and locker-rent adjustments by commercial banks.
The Board of Control for Cricket in India (BCCI) announced a cash reward of ₹51 crore for the Indian women’s cricket team, support staff and selection committee following their maiden global victory in the Women’s World Cup.
The Indian Space Research Organisation (ISRO) successfully launched India’s heaviest communication satellite (≈ 4,400 kg) named CMS-03 from Sriharikota, marking a significant milestone in the country’s space communications capability.
Air quality in the national capital Delhi deteriorated sharply, with the Air Quality Index (AQI) moving into the “very poor” category (around 421) owing to increased particulate matter and stagnant meteorological conditions.
International Affairs
Canada rejected three out of four Indian applicants under a recent immigration clamp-down policy, signalling tougher entry standards and a shifting global migration landscape.
Diplomatic tensions escalated in the nuclear domain: a former U.S. leader asserted that the U.S. also needs to test nuclear devices to match strategic adversaries, provoking a rebuttal from China which restated its adherence to non-testing commitments.
Several global aviation safety and navigation bodies flagged the continued significance of India’s growing contributions to international civil-aviation infrastructure and policy-making, underscoring the country’s rising global profile.
Economy & Banking for Competitive Exams
The Banking Laws (Amendment) Act, 2025 introduces formal nomination mechanisms for deposit accounts and safe deposit lockers to enhance depositor protection and streamline claim-settlement.
Banks will update their website domain-names to integrate greater cybersecurity and reliability standards. Pensioners under government schemes will have extended deadlines for submission of life-certificates under revised norms.
Credit-card operators and payment-wallet providers (e.g., SBI Card) are revising service-fees for education payments and wallet reloads—competitive-exam aspirants must note implications for fee-structures and digital-payments ecosystem.
Proposed risk-weight revision by the Reserve Bank of India (RBI) for infrastructure-loans advanced by NBFCs is expected to ease capital-charges for well-performing projects—this could affect lending behaviour and infrastructure finance strategy from April 2026.
Sports & Miscellaneous Events
India’s women’s team created history by defeating South Africa in the final of the 2025 ICC Women’s Cricket World Cup by 52 runs, marking their first ever global title. Young bowlers and all-rounders got acclaim for their match-winning performances.
A trophy-handover controversy in the 2025 Asia Cup has escalated: the BCCI has formally approached the Asian Cricket Council (ACC) over India’s refusal to accept the trophy from Pakistan’s governing body—this incident is being taken up at the upcoming International Cricket Council (ICC) meeting in Dubai.
The 2025 FIDE Chess World Cup, held in India, saw several Indian players advancing via intense tiebreakers—raising the country’s prospects in global chess tournaments.
