Q1. India and the European Union concluded a landmark Free Trade Agreement (FTA) in January 2026. This agreement covers approximately what percentage of global GDP? A. Around 10%B. Around 15%C. Around 25%D. Around 40% ✅ Answer: C. Around 25% Q2. Under the India–EU Free Trade Agreement, the European Union agreed to eliminate or reduce tariffs…
1. National Economy & Banking Updates RBI Raises Ombudsman Compensation Cap – Reserve Bank of India has increased the compensation limit under its Ombudsman Scheme from ₹20 lakh to ₹30 lakh for banking customers, strengthening consumer protection in disputes with regulated financial entities. World Bank Upgrades India Growth Forecast – World Bank has raised India’s…
NATIONAL NEWS RBI Tightens Forex Risk Norms (Banking & Finance) Reserve Bank of India (RBI) issued new draft regulations to tighten foreign exchange risk norms for banks. Banks must assess forex risk capital requirements continuously at both standalone and consolidated levels. Norms aim to align India’s banking risk management with global standards. Implementation date set…
NATIONAL NEWS Aquatic Biodiversity Initiatives under Namami Gange Mission Union Jal Shakti Minister inaugurated Aqua Life Conservation Monitoring Centre for Ganga and other rivers. Centre includes ecotoxicology, aquatic ecology, spatial ecology and microplastic labs. Dolphin Rescue Ambulance launched for emergency response for Ganga dolphins. Indian Skimmer Conservation Project initiated. Conservation action plan released for endangered…
1. NATIONAL AFFAIRS — INDIA 1.1 Tamil Nadu to Announce Decision on Old Pension Scheme Tamil Nadu Chief Minister MK Stalin to announce government’s decision on the Old Pension Scheme (OPS) on 3 January 2026. OPS restoration has been long-standing demand of teacher and employee unions; government earlier planned announcement after 6 January. Around 6.24…
1. NATIONAL AFFAIRS 1.1 Prime Minister Receives Oman’s Highest Civilian Honour Prime Minister Narendra Modi was conferred the Order of Oman, the highest civilian award of the Sultanate of Oman, in recognition of strengthening bilateral ties. The honour was bestowed during an official visit highlighting enhanced strategic cooperation. 1.2 India and Oman Sign CEPA Expansion…
1. National Developments India’s Monetary Policy Outlook Reserve Bank of India (RBI) Governor Sanjay Malhotra indicated that the key policy rates are expected to remain low for a prolonged period in view of sustained economic growth and subdued inflation trends. India’s inflation was recorded at 0.71% in November 2025, with projections forecasting a rise to…
📰 National & Economic Developments Reserve Bank of India (RBI) Monetary Policy under Spotlight On 5 December 2025, the central bank’s Monetary Policy Committee, led by Governor Sanjay Malhotra, is set to announce its rate decision. Markets and analysts are divided: some expect a 25 basis point cut (repo rate down to 5.25%) given retail…
📰 Key Highlights – 04 December 2025 Current Affairs National Affairs Indian Navy Day celebrated across India to honour the valor and service of the naval forces. The day commemorates the success of the 1971 naval operations and recognises the strategic importance of India’s maritime security and naval strength. The central government has reportedly removed…
📌 National Developments Adani Group announces major airport expansion: Adani Group has unveiled plans to invest USD 15 billion by 2030 to expand and upgrade its airport operations across India. The expansion will raise India’s annual passenger capacity to 200 million. Major upgrades will include additional terminals, taxiways, and a new runway at the upcoming…
