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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,…
1. National Affairs (India) The price of petrol and diesel in India remained unchanged on 3 November 2025, marking the 11-month streak of stability since December 2024. In Delhi, petrol is at ₹94.72 / litre and diesel at ₹87.62; Mumbai records petrol at ₹103.50 and diesel at ₹89.87. This sustained stability is attributed to global…
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. 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…
📅 Daily Current Affairs & GK Update – 27.09.2025 1. National Affairs & Government Policies President Droupadi Murmu presented the National Geoscience Awards (NGA) 2024 on 26 September 2025. These awards (established in 1966 under the Ministry of Mines) recognize excellence in mineral exploration, mining, applied geosciences, and technological innovation. The 2024 awards drew 208…
1. National / India Affairs MiG-21 Jets Retired On 26 September 2025, the Indian Air Force formally retired the iconic MiG-21 fighter jets after over six decades of service. The final ceremonial flight and decommissioning event are held at Chandigarh Air Force Station, marking the end of an era in India’s air defence capabilities. PM Inaugurates…
1. National News Borrowing Plan & Fiscal Deficit The Government of India has decided to keep its market borrowing plan unchanged for the second half of FY26 (October 2025 to March 2026). Total borrowings for FY26 are set at ₹14.82 lakh crore, with ₹6.8 lakh crore earmarked for H2. Fiscal deficit target remains at 4.4%…
National Events Former Jharkhand Chief Minister Shibu Soren passed away at 81 after prolonged illness in Delhi. His political career spanned decades, including terms as Union Minister and Rajya Sabha MP. Reserve Bank of India’s Monetary Policy Committee commenced a three-day review, with lending rate decisions due on 06.08.2025. Inflation outlook and global trade tensions…
