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….
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. 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…
1. National Affairs & India Focus Asia Cup 2025 — India wins & trophy controversy India clinched its 9th Asia Cup title by defeating Pakistan by 5 wickets in the final. However, Indian players refused to accept the trophy from Pakistan’s Mohsin Naqvi (ACC President), citing recent political tensions. The trophy presentation was curtailed; India…
📅 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 & Government / Policy Updates RBI cancels Registration Certificate of Datta Finance and Trading (NBFC) The Reserve Bank of India has revoked the Certificate of Registration (CoR) of Datta Finance and Trading Private Limited, a non-banking financial company, citing irregularities in its lending practices. The company is now prohibited from carrying on…
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%…
Key National Events DBS Bank India authorised to collect GST payments Reserve Bank of India (RBI) has granted authorisation to DBS Bank India (a wholly-owned subsidiary of DBS) to act as an Agency Bank for Goods & Services Tax (GST) payments. DBS Bank India becomes the first wholly-owned foreign subsidiary to get this authority. Businesses…
