Daily GK Update- 5th Oct, 2025

 

NATIONAL UPDATES:

 

1. SAIL’s MTI Partners with IIM Jammu to Launch Executive Education Programmes for Future-Ready Leaders: SAIL’s Management Training Institute (MTI) signed an MoU with IIM Jammu to collaborate on Executive Education Programmes for developing future-ready leaders.The partnership aims to strengthen organisational capacity, adopt global best practices, and promote nation-building through leadership excellence, reflecting SAIL’s commitment to nurturing capable leaders.The MoU was signed by Shri Sanjay Dhar (MTI, SAIL) and Cmdr Kesavan Baskkaran (IIM Jammu), in the presence of senior officials from both SAIL and IIM Jammu, including Shri K.K. Singh, Shri B.S. Popli, and Dr. Rajesh Sikka.

 

2. Ashwini Vaishnaw Launches NIELIT Digital University Platform: Union Minister Ashwini Vaishnaw inaugurated the National Institute of Electronics & Information Technology (NIELIT) Digital University (NDU) Platform in New Delhi, aiming to democratize access to quality digital education with courses in AI, Cybersecurity, Data Science, and Semiconductors.As part of the event, five new NIELIT Centres were virtually inaugurated in Muzaffarpur, Balasore, Tirupati, Daman, and Lunglei, further strengthening India’s digital skilling ecosystem.The launch also featured a panel discussion on “Role of AI in Digitization of Education”, felicitation of top DevSecOps students, and signing of MoUs with industry partners to boost academia-industry collaboration.

 

3. Rajesh Agrawal Takes Charge as Secretary, Department of Commerce: Senior IAS officer Rajesh Agrawal assumed charge as Secretary, Department of Commerce on 1 October 2025, succeeding Sunil Barthwal, who retired on 30 September.He brings 30 years of experience in governance, policy-making, and implementation across sectors like skilling, power, fertilisers, agriculture, and MSMEs.

 

INTERNATIONAL UPDATES:

 

1. 2 October – International Day of Non-Violence: The International Day of Non-Violence is observed every year on 2 October, the birth anniversary of Mahatma Gandhi, who led India’s freedom struggle through non-violent resistance.The United Nations General Assembly (UNGA) established this day in 2007 to spread the message of peace, tolerance, and non-violence.The day aims to inspire individuals, communities, and nations to resolve conflicts through dialogue and compassion instead of violence.

 

2. Indian Marine Fish to Get MSC Certification by 2026: India is on the verge of securing Marine Stewardship Council (MSC) certification for about 10 marine and saline fish and shrimp varieties by 2026. This move aims to enhance seafood exports and promote sustainable fishing practices. The certification will open new markets and increase revenue for the fisheries sector by an estimated 30%. The Union Government is supporting this initiative under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) by subsidising theMSC certification is a global standard for sustainable fishing. It assures consumers that seafood is sourced responsibly, maintaining fish stocks and protecting marine ecosystems. Certified products often command higher prices internationally. For India, this means better access to affluent markets such as Europe and Japan, which demand sustainability. It also reduces dependency on traditional markets like the United States, which may impose higher tariffs or trade restrictions.

 

OTHER UPDATES:

DEFENCE

 

1. Lieutenant General Virendra Vats Assumes Charge as Director General of NCC: Lieutenant General Virendra Vats assumed charge as the Director General (DG) of the National Cadet Corps (NCC).He was commissioned into the 19 KUMAON Regiment of the Indian Army in December 1988 and has served as Commandant at the Defence Services Staff College, Wellington.He succeeds Lieutenant General Gurbirpal Singh as the head of NCC.

 

2. India Marks 93rd Indian Air Force Day: The Indian Air Force (IAF) will celebrate its 93rd Air Force Day on 8 October 2025. This annual event honours the IAF’s establishment and its enduring role in India’s defence. The 2025 theme marks the IAF’s contribution to Operation Sindoor, showcasing its operational capabilities and commitment to national security. The IAF was established on 8 October 1932. It began with a modest fleet and limited personnel. The first operational flight took place on 1 April 1933. Over the decades, the IAF has grown into the world’s fourth-largest air force. It has played vital roles in wars, peacekeeping, and humanitarian missions. Air Force Day commemorates the IAF’s foundation and achievements. It honours the courage and sacrifice of its personnel. The day serves to boost morale and public awareness of the IAF’s role. Celebrations include parades, flypasts, and exhibitions demonstrating air power and technology.

 

SPORTS

 

1. England All-Rounder Chris Woakes Announces Retirement from International Cricket: England all-rounder Chris Woakes has announced his retirement from international cricket, stating it is the right time for him to step away from the game.Woakes played 217 matches for England across all formats since his debut in 2011, taking 396 wickets and scoring 3,705 runs.He was a key member of England’s 2019 World Cup-winning team and also won the T20 World Cup in 2022, contributing significantly with both bat and ball.

 

 

 

SCIENCE AND TECHNOLOGY

 

1. Typhoon Matmo Hits Southern China Causing Major Disruptions: Typhoon Matmo struck southern China in 2025, causing widespread disruption and forcing over 151,000 people to evacuate. The storm made landfall in Guangdong Province with strong winds and heavy rainfall. Authorities issued warnings about flooding as the cyclone moved inland towards Guangxi Province, gradually weakening but still posing serious risks. Typhoon Matmo travelled across the South China Sea before reaching southern China. It carried sustained winds of 104 miles per hour, comparable to a Category 2 hurricane in the Atlantic. The storm’s strength caused damage to infrastructure and transportation networks in coastal areas. Over 151,000 residents were evacuated from vulnerable zones in Guangdong Province. Local governments coordinated emergency responses to minimise casualties and damage. Shelters and relief centres were set up to support displaced populations during the storm.

 

BANKING AND FINANCE

 

1. Finance Minister launches the Foreign Currency Settlement System (FCSS) at GIFT City: The Union Finance Minister launched the Foreign Currency Settlement System (FCSS) at Gujarat International Finance Tec-City (GIFT City) in October 2025. This new system enables real-time settlement of foreign currency transactions within GIFT City. It marks leap from the previous 36-48 hour delays under correspondent banking. The FCSS places GIFT City among a few global financial hubs with local foreign currency settlement infrastructure. This development is expected to enhance liquidity, reduce risks, and improve operational efficiency in international finance. The FCSS is a mechanism that allows Indian banks in GIFT City to settle foreign currency trades locally. Previously, these transactions depended on foreign correspondent banks, causing delays and higher costs. The system uses a local settlement bank as a hub where member banks hold accounts for direct inter-bank settlements. Initially, it supports US dollar transactions with plans to include more currencies. The system operates under the Payment and Settlement Systems Act, 2007, and is regulated by the International Financial Services Centres Authority (IFSCA).

 

2. India’s Export Growth Outpaces Global Markets in 2025: India’s export sector continues to outpace global growth in 2025. With a 7.1% growth rate compared to the world’s 2.5%, India is strengthening its position as a key player in international trade. The share of exports in India’s GDP rose to 21.2% in 2024, reflecting the increasing importance of exports in the economy. Government reforms, digitalisation, and entrepreneurial initiatives are driving this growth, with a target of USD 1 trillion exports set for 2025-26. Merchandise exports grew by 2.31% in April-August 2025, reaching USD 183.74 billion. Non-petroleum and non-gems exports rose 7.76%, led by engineering goods, electronics, pharmaceuticals and chemicals. Electronic goods surged 40.63% driven by Make in India and Production Linked Incentive (PLI) schemes. Smartphone exports alone crossed INR 1 lakh crore in five months. Other cereals, meat, dairy, poultry and tea exports recorded double-digit growth, supported by government policies like the Agriculture Export Policy and APEDA.

 

AWARDS AND HONOURS

 

1. Mysuru Journalist Amshi Prasannakumar to Receive Hombale Samhita Harinikumar Krishi Media Award 2025: Amshi Prasannakumar, a senior journalist from Mysuru, has been selected for the ‘Hombale Samhita Harinikumar Alumni Krishi Media Award – 2025’ for his contribution to agricultural reporting.The award recognises journalists in print and electronic media for creating awareness among farmers and promoting agricultural issues.The award will be presented on October 11, 2025, at the Alumni Association, University of Agricultural Sciences, Bangalore, Veterinary College Campus, Hebbal; Mr. Prasannakumar is a former president of the Mysore District Journalists’ Association and a member of the Karnataka Media Academy.

 

2. India Wins Prestigious ISSA Award 2025 for Outstanding Achievement in Social Security: India honoured with International Social Security Association (ISSA) Award 2025 for ‘Outstanding Achievement in Social Security’ at the World Social Security Forum in Kuala Lumpur, recognising expansion of coverage from 19% in 2015 to 64.3% in 2025, benefitting over 940 million citizens.

Union Minister Dr. Mansukh Mandaviya received the award on behalf of India, highlighting initiatives like the e-Shram portal (310 million workers) and National Career Service portal connecting youth to global opportunities.With strengthened institutions like EPFO and ESIC, India now holds 30 seats in ISSA General Assembly (highest vote share globally), showcasing its leadership in digital-driven social protection.

Daily GK Update- 4th Oct, 2025

 

NATIONAL UPDATES:

 

1. SAIL’s MTI Partners with IIM Jammu to Launch Executive Education Programmes for Future-Ready Leaders: SAIL’s Management Training Institute (MTI) signed an MoU with IIM Jammu to collaborate on Executive Education Programmes for developing future-ready leaders.The partnership aims to strengthen organisational capacity, adopt global best practices, and promote nation-building through leadership excellence, reflecting SAIL’s commitment to nurturing capable leaders.The MoU was signed by Shri Sanjay Dhar (MTI, SAIL) and Cmdr Kesavan Baskkaran (IIM Jammu), in the presence of senior officials from both SAIL and IIM Jammu, including Shri K.K. Singh, Shri B.S. Popli, and Dr. Rajesh Sikka.

 

2. CCI Grants In-Principle Approval for Jindal Power’s Acquisition of Jaiprakash Associates: The Competition Commission of India (CCI) has given in-principle approval to Naveen Jindal-led Jindal Power to acquire debt-laden Jaiprakash Associates Limited (JAL), if it wins the ongoing insolvency bid.CCI has also cleared the acquisition proposals of PNC Infratech, Adani Group, and Dalmia Bharat for JAL.The approval follows a Supreme Court ruling stating that CCI’s consent is mandatory under the Insolvency and Bankruptcy Code (IBC) before submission of any resolution plan.

 

3. Rajesh Agrawal Takes Charge as Secretary, Department of Commerce: Senior IAS officer Rajesh Agrawal assumed charge as Secretary, Department of Commerce on 1 October 2025, succeeding Sunil Barthwal, who retired on 30 September.He brings 30 years of experience in governance, policy-making, and implementation across sectors like skilling, power, fertilisers, agriculture, and MSMEs.

 

INTERNATIONAL UPDATES:

 

1. India Re-elected to Part II of ICAO Council for 2025–2028: India re-elected to Part II of the ICAO Council for the 2025–2028 term during the 42nd ICAO Assembly Session held on 27 September 2025 in Montreal, Canada, securing more votes than in 2022.Part II of the ICAO Council represents states making the largest contributions to international civil air navigation, and India’s strong mandate reflects global confidence in its leadership and commitment.As a founding member of ICAO since 1944, India has maintained 81 years of uninterrupted presence on the Council and reaffirmed its commitment to aviation safety, security, sustainability, equitable growth, and ICAO’s No Country Left Behind initiative.

 

2. 1 October – International Coffee Day: International Coffee Day is observed every year on 1 October to celebrate coffee as one of the most popular beverages worldwide.The day highlights the efforts of coffee growers, farmers, and workers who contribute to the multi-billion-dollar global coffee industry.It raises awareness about the challenges faced by coffee producers, including fair trade, sustainable farming, and climate change impacts.The event was officially launched by the ICO in 2015 in Milan, Italy, during Expo 2015.

 

3. 1 October – World Vegetarian Day: World Vegetarian Day is observed every year on 1 October to promote the health, environmental, and ethical benefits of vegetarianism.It was established by the North American Vegetarian Society (NAVS) in 1977 and endorsed by the International Vegetarian Union in 1978.The day encourages people to adopt a vegetarian lifestyle for better health, animal welfare, and sustainability.

 

OTHER UPDATES:

DEFENCE

 

1. Praveer Ranjan Appointed CISF DG, Praveen Kumar Takes Charge as ITBP Chief: Senior IPS officers Praveer Ranjan and Praveen Kumar were appointed as the new chiefs of CISF and ITBP, respectively.Praveer Ranjan (1993 batch, AGMUT cadre) took charge as Director General of CISF, succeeding R.S. Bhatti, after serving as Special DG, Airport Security division.Praveen Kumar (1993 batch, West Bengal cadre) became the new Director General of ITBP, replacing Rahul Rasgotra after his retirement.Prior to this, Praveen Kumar worked as Special Director in the Intelligence Bureau and has over 32 years of service in various key assignments.

 

2. Lieutenant General Virendra Vats Assumes Charge as Director General of NCC: Lieutenant General Virendra Vats assumed charge as the Director General (DG) of the National Cadet Corps (NCC).He was commissioned into the 19 KUMAON Regiment of the Indian Army in December 1988 and has served as Commandant at the Defence Services Staff College, Wellington.He succeeds Lieutenant General Gurbirpal Singh as the head of NCC.

 

SPORTS

 

1. England All-Rounder Chris Woakes Announces Retirement from International Cricket: England all-rounder Chris Woakes has announced his retirement from international cricket, stating it is the right time for him to step away from the game.Woakes played 217 matches for England across all formats since his debut in 2011, taking 396 wickets and scoring 3,705 runs.He was a key member of England’s 2019 World Cup-winning team and also won the T20 World Cup in 2022, contributing significantly with both bat and ball.

 

SCIENCE AND TECHNOLOGY

 

1. Govt to Make Acoustic Alert System Mandatory for All Electric Vehicles from October 2027: The Ministry of Road Transport and Highways has proposed making Acoustic Vehicle Alerting System (AVAS) mandatory for all electric cars, buses, and trucks from October 1, 2027 to enhance road safety.All new electric passenger and goods vehicle models manufactured after October 2026 must be equipped with AVAS, which emits an artificial sound to alert pedestrians and other road users.Category M vehicles include electric cars and buses for passenger transport, while Category N vehicles cover electric trucks and goods vehicles; both categories must comply with AIS-173 audibility requirements.Countries like the U.S., Japan, and some EU nations have already mandated AVAS in hybrid vehicles, aligning India with global road safety standards.

 

2. Ashwini Vaishnaw Launches NIELIT Digital University Platform: Union Minister Ashwini Vaishnaw inaugurated the National Institute of Electronics & Information Technology (NIELIT) Digital University (NDU) Platform in New Delhi, aiming to democratize access to quality digital education with courses in AI, Cybersecurity, Data Science, and Semiconductors.As part of the event, five new NIELIT Centres were virtually inaugurated in Muzaffarpur, Balasore, Tirupati, Daman, and Lunglei, further strengthening India’s digital skilling ecosystem.The launch also featured a panel discussion on “Role of AI in Digitization of Education”, felicitation of top DevSecOps students, and signing of MoUs with industry partners to boost academia-industry collaboration.

 

BANKING AND FINANCE

 

1. RBI Keeps Repo Rate Unchanged at 5.5%, Projects Higher GDP Growth and Lower Inflation: RBI Governor Sanjay Malhotra announced the fourth bi-monthly policy, keeping the repo rate unchanged at 5.5%, with MPC unanimously voting to maintain a neutral stance.The Marginal Standing Facility (MSF) rate remains at 5.75% and the Standing Deposit Facility (SDF) rate at 5.25%, ensuring policy stability.RBI revised inflation projection to 2.6% (earlier 3.1%) and upgraded real GDP growth to 6.8% (earlier 6.5%), citing steady domestic growth and subdued inflation.

 

AWARDS AND HONOURS

 

1. Andhra Pradesh Tourism Wins Global Tourism Award 2025 for Visionary Initiatives and Investment Milestones: Andhra Pradesh Tourism Department was honoured with the Global Tourism Award 2025 in New Delhi for its outstanding initiatives to position the State as a top tourist destination. Tourism consultant Nishitha Goyal received the award on behalf of the department.The recognition highlighted AP’s visionary tourism policy, eco-friendly capital city development, promotion of Gandikota as an eco-adventure hub, and success in attracting large-scale investments.In the past 15 months, the department signed 103 MoUs, developed infrastructure, created employment opportunities, and promoted private sector participation under the PPP model.

 

2. Mysuru Journalist Amshi Prasannakumar to Receive Hombale Samhita Harinikumar Krishi Media Award 2025: Amshi Prasannakumar, a senior journalist from Mysuru, has been selected for the ‘Hombale Samhita Harinikumar Alumni Krishi Media Award – 2025’ for his contribution to agricultural reporting.The award recognises journalists in print and electronic media for creating awareness among farmers and promoting agricultural issues.The award will be presented on October 11, 2025, at the Alumni Association, University of Agricultural Sciences, Bangalore, Veterinary College Campus, Hebbal; Mr. Prasannakumar is a former president of the Mysore District Journalists’ Association and a member of the Karnataka Media Academy.

Daily GK Update- 3rd Oct, 2025

 

NATIONAL UPDATES:

 

1. Kondareddypally Becomes India’s Second Fully Solar-Powered Village: Kondareddypally in Nagarkurnool district, Telangana has become the second fully solar-powered village in India, covering 514 houses and 11 government buildings under the state’s green energy mission.480 houses are equipped with 3 KW rooftop solar panels, while schools and government buildings use 60 KW solar units, generating 360 units of power per month per house, ensuring uninterrupted electricity and eliminating bills.The project, costing approximately ₹10.53 crore, was funded through a combination of Central Government subsidy (₹3.56 crore), CSR contributions (₹4.09 crore), and state infrastructure investment (₹2.59 crore), with the village earning revenue by supplying surplus energy to the grid.

 

2. Kishtwar in J&K Selected as Aspirational Agricultural District Under PM Dhan Dhaanya Krishi Yojana: Kishtwar district in Jammu & Kashmir has been selected as an aspirational agricultural district under the PM Dhan Dhaanya Krishi Yojana, aiming to boost agriculture in remote areas.

The initiative is part of the government’s plan to develop 100 Aspirational Agricultural Districts over six years, announced in the Union Budget 2025-26.Aspirational districts were identified based on low crop productivity, low cropping intensity, and limited short-term credit disbursement, encouraging Agri-Entrepreneurs and enhancing agricultural development.

 

3. Asheesh Pandey Named MD & CEO of Union Bank, Kalyan Kumar to Lead Central Bank of India for 3 Years: The government has appointed Asheesh Pandey as MD & CEO of Union Bank of India and Kalyan Kumar as MD & CEO of Central Bank of India for three years.Pandey, currently Executive Director at Bank of Maharashtra, will lead UBI, while Kumar, ED at Punjab National Bank, will succeed M. V. Rao at CBI after his retirement in July.The Financial Services Institutions Bureau (FSIB), headed by Bhanu Pratap Sharma, recommended both appointments, later approved by the Appointments Committee of the Cabinet.

 

INTERNATIONAL UPDATES:

 

1. Navi Mumbai International Airport Secures DGCA Licence: Navi Mumbai International Airport (NMIA) received its Aerodrome Licence from DGCA, a crucial step ahead of its inauguration by PM Narendra Modi on October 8, 2025, enabling it to commence operations.The licence allows NMIA to function as a regular place for landings and departures, with regulatory conditions under the Aircraft Act 1934 and Aircraft Rules 1937, and is non-transferable.In its first phase, NMIA will handle 20 million passengers and 500,000 metric tonnes of cargo annually, with full capacity projected at 90 million passengers and 3.2 million metric tonnes of cargo, easing congestion at Mumbai’s existing airport.

 

2. ICC and UNICEF Launch “Promise to Children” Campaign to Promote Equal Opportunities for Kids: The International Cricket Council (ICC) and UNICEF launched the Promise to Children digital campaign during the ICC Women’s Cricket World Cup 2025, promoting equal opportunities for all children, especially the most vulnerable.Supported by UNICEF National Ambassador Ayushmann Khurrana and Indian women’s cricket team vice-captain Smriti Mandhana, the campaign focuses on children’s rights, including education, healthcare, nutrition, safe water, sanitation, and protection from violence.The initiative aims to engage the entire cricketing community—from players and coaches to fans—to improve children’s lives and ensure they are healthy, educated, and able to play.

 

3. 1 October – International Day of Older Persons: International Day of Older Persons is observed annually on October 1 to honor the contributions of older individuals and raise awareness about the challenges they face.The United Nations 2025 theme is: “Older Persons Driving Local and Global Action: Our Aspirations, Our Well-Being, Our Rights”, highlighting the active role of elderly in society.In India, the Ministry of Social Justice and Empowerment celebrated the day under the theme “Ageing with Dignity”, promoting welfare programs and a dignified ecosystem for senior citizens

 

OTHER UPDATES:

DEFENCE

 

1. India’s First Private Helicopter Line Launched by Airbus and Tata: India is set to establish its first helicopter final assembly line in the private sector at Vemagal, Kolar district, Karnataka. Tata Advanced Systems Limited (TASL) will build the Airbus H125 helicopters here. This initiative aims to boost India’s aerospace capabilities and meet defence and civil aviation needs. The assembly line will produce the ‘Made in India’ H125 helicopters. These helicopters are designed for diverse uses including civil operations and para-public services. A key focus is on supporting the Indian armed forces, especially in the Himalayan region where light multi-role helicopters are vital for operations in challenging icy terrains. Plans include manufacturing a military version called the H125M. This variant will incorporate high levels of indigenous components and technologies. The assembly line will strengthen India’s defence manufacturing and reduce dependence on imports. The first helicopter from this facility is expected to be delivered by early 2027.

 

SPORTS

 

1. Sergio Busquets Announces Retirement from Soccer: Sergio Busquets, the legendary Spanish midfielder, announced his retirement from soccer at the end of the 2025 season with Inter Miami in Major League Soccer.Widely regarded as one of the best defensive midfielders of his generation, Busquets was a key part of Barcelona’s iconic midfield alongside Xavi Hernández and Andres Iniesta, supporting stars like Lionel Messi.Making his Barcelona debut in 2008 under Pep Guardiola, Busquets played 722 matches, won 9 La Liga titles and 3 Champions League trophies, ranking third in club appearances behind Xavi and Messi.

 

SCIENCE AND TECHNOLOGY

 

1. RITES Signs MoU With Etihad Rail to Boost Mobility Collaboration: RITES Limited, India’s leading transport infrastructure consultancy and engineering firm, signed an MoU with Etihad Rail to enhance collaboration in the mobility and transport infrastructure sector across the UAE and international markets, formalized at the Global Rail 2025 exhibition in Abu Dhabi.The partnership will combine RITES’ 50 years of expertise in consultancy and engineering with NICC LLC’s execution capabilities to develop infrastructure projects and expand RITES’ international presence under its RITES Videsh initiative.At the Indian Pavilion, RITES, along with IRCON and DFCCIL, showcased transport consultancy, rail system design, project management, and sustainable mobility solutions, highlighting Indian Railways’ sustainability initiatives and Net Zero mission.

 

BANKING AND FINANCE

 

1. IIFT Launches International Trade Negotiations Program to Strengthen India’s Global Trade Engagement: The Indian Institute of Foreign Trade (IIFT), through its Centre for International Negotiations (CIN), launched the International Trade Negotiations Program for officials of the Department of Commerce.The program aims to enhance the negotiation skills of government officials to strengthen India’s global trade engagement.Expert-led sessions will cover key topics in international trade, providing participants with a unique and practical learning experience.

 

2. Moody’s Affirms India’s Baa3 Rating with Stable Outlook: Moody’s affirmed India’s long-term local and foreign-currency issuer ratings at Baa3 with a ‘Stable’ outlook, citing robust economic growth, a sound external position, and a stable domestic financing base.While India’s credit strengths provide resilience against external shocks, fiscal weaknesses persist, with high government debt and measures to boost private consumption limiting improvement in debt affordability.India’s long-term local-currency bond ceiling remains A2 and foreign-currency bond ceiling remains A3, reflecting modest external imbalances and limited external indebtedness.

 

Daily GK Update- 2nd Oct, 2025

 

NATIONAL UPDATES:

 

1. PM Modi Lays Foundation Stone for ₹42,000 Crore Mahi Banswara Atomic Power Project in Rajasthan: PM Narendra Modi laid the foundation stone for the ₹42,000 crore Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) in Banswara, Rajasthan, which will be among India’s largest nuclear plants.The project includes four indigenous 700 MW Pressurised Heavy Water Reactors (IPHWR 700) developed by NPCIL, with advanced safety features under India’s “fleet mode” initiative.MBRAPP is being developed jointly by Anushakti Vidhyut Nigam (ASHVINI), NPCIL (51%) and NTPC (49%), combining financial, technological, and project expertise.The project will provide clean, reliable power, generate large-scale employment, boost local industries, and contribute to Atmanirbhar Bharat while fostering economic growth in Rajasthan and India.

 

2. Tally Solutions Partners with Indian Bank to Enable Seamless E-Payments for SMEs via TallyPrime: Tally Solutions has partnered with Indian Bank to integrate e-payment capabilities into the bank’s IND Cash Optima platform for businesses using TallyPrime.The integration allows users to initiate and manage payments directly from TallyPrime, automatically importing payment references like UTR numbers and updating transaction status for error-free reconciliation.The collaboration is expected to benefit SMEs and MSMEs by combining accounting and banking functions, enabling digital financial operations on a single cohesive platform.Executives from Tally and Indian Bank highlighted that the partnership will save time on payments and reconciliation, improve accuracy, convenience, and drive digital adoption among MSMEs.

 

3. Union Home Ministry Cancels FCRA Registration of Sonam Wangchuk’s SECMOL Amid Ladakh Unrest: The Union Home Ministry cancelled the FCRA registration of SECMOL, an organisation founded by Ladakh-based climate activist Sonam Wangchuk, citing multiple alleged violations of the Act.The move follows unrest in Leh, Ladakh, during protests for Statehood and tribal status, with the Ministry alleging that “a mob guided by Sonam Wangchuk’s provocative statements” contributed to the violence.Specific violations included ₹3.5 lakh from the sale of an old bus misclassified as foreign donation, inadvertent deposits of local funds, acceptance of foreign contributions for sensitive studies, and poor financial recordkeeping.The CBI is also investigating suspected FCRA violations by Himalayan Institute of Alternatives Ladakh (HIAL), another institution founded by Wangchuk, though no formal case has been registered.

 

4. Kanad Das Appointed as 13th Director of Botanical Survey of India: Kanad Das took charge as the 13th Director of the Botanical Survey of India (BSI), becoming the first mycologist to lead the institute under MoEFCC.He is an expert in fungal taxonomy and has discovered two new genera and 165 new species of wild mushrooms in India.His research contributions include 170 papers in reputed journals and eight authoritative books on wild mushrooms.With over 25 years of experience, Dr. Das began his career at BSI and has previously headed the Acharya Jagadish Chandra Bose Indian Botanic Garden and Central National Herbarium.

 

INTERNATIONAL UPDATES:

 

1. Amul MD Jayen Mehta Joins IBEF Board as Brand India Expands Global Footprint: Jayen Mehta, MD of Gujarat Cooperative Milk Marketing Federation (Amul), has been nominated to the board of the India Brand Equity Foundation (IBEF), which promotes Brand India globally.Amul has recently expanded internationally, debuting in the US market and entering Europe in June 2025 through a partnership with Spanish cooperative COVAP, supported by a viral animated campaign.

 

2. 29 September – International Day of Awareness on Food Loss and Waste Reduction: International Day of Awareness on Food Loss and Waste Reduction is observed on 29 September each year to highlight the global issue of food loss and waste.The day aims to raise awareness about the environmental, economic, and social impacts of wasting food and encourages responsible consumption.It focuses on reducing food loss during production, storage, and transportation as well as food waste at retail and consumer levels, aligning with SDG 12.3.

Activities include campaigns, workshops, and educational initiatives by governments, NGOs, and businesses to promote sustainable food management and minimize waste.

 

3. 30 September – International Translation Day: International Translation Day is observed every year on 30 September to celebrate the work of translators, interpreters, and language professionals who bridge cultures and languages worldwide.The date coincides with the feast of St. Jerome, the patron saint of translators, who is credited with translating the Bible into Latin (the Vulgate) in the 4th century.

 

OTHER UPDATES:

 

DEFENCE

 

1. Cabinet Approves Rs 69,725 Crore Maritime Package to Boost Shipbuilding: The Union Cabinet, chaired by PM Narendra Modi, approved a Rs 69,725 crore comprehensive package to boost shipbuilding, maritime financing, and domestic capacity through a four-pillar strategy covering financing, infrastructure, technical development, and policy reforms.The spackage extends the Shipbuilding Financial Assistance Scheme (SBFAS) till 2036 with Rs 24,736 crore, introduces a Shipbreaking Credit Note of Rs 4,001 crore, and sets up a National Shipbuilding Mission for implementation.A Maritime Development Fund (Rs 25,000 crore) has been approved, including a Maritime Investment Fund (Rs 20,000 crore, 49% govt participation) and an Interest Incentivization Fund (Rs 5,000 crore) to reduce borrowing costs.The Shipbuilding Development Scheme (SbDS) with Rs19,989 crore will expand India’s domestic shipbuilding capacity to 4.5 million Gross Tonnage, promote mega shipbuilding clusters, establish the India Ship Technology Centre, and is expected to unlock Rs 4.5 lakh crore in investments and create 30 lakh jobs.

 

SCIENCE AND TECHNOLOGY

 

2. Air India Raises $215 Million from Bank of India and Standard Chartered via GIFT City to Refinance Boeing Aircraft Debt: Air India raised approximately $215 million from Bank of India and Standard Chartered Plc through GIFT City to refinance shorter-duration debt used to acquire six Boeing 777-300ER aircraft.The six-year loan is priced at around 168 basis points over the secured overnight financing rate, marking a significant refinancing step for the airline after its recent operational challenges, including a June plane crash.This deal is the first instance of Bank of India acting as a mandated lead manager in a loan transaction from GIFT City, highlighting its growing role in structured financing for major corporations.

 

BANKING AND FINANCE

 

1. Bank of Baroda and IIFL Finance Join Hands in Co-Lending Partnership to Expand Gold Loans in Rural India: Bank of Baroda and IIFL Finance have entered into a co-lending partnership to provide gold loans, mainly targeting unbanked customers in semi-urban and rural India, focusing on agricultural and allied activities.Under the agreement, IIFL Finance will originate and service loans, while Bank of Baroda will fund them with joint underwriting, ensuring affordable and scalable credit delivery in line with RBI’s co-lending guidelines.The collaboration will operate through a tech-integrated process with real-time data sharing, co-branded documentation, and shared servicing responsibilities, aiming to enhance transparency, efficiency, and financial inclusion.

 

2. EY Raises India’s FY26 GDP Forecast to 6.7%, Urges Diversification of Export and Import Markets: EY raised India’s GDP forecast for FY26 to 6.7%, up from 6.5%, citing strong growth in Q1 and GST reforms.The report highlighted that global headwinds may constrain India’s export prospects, despite domestic demand stimulation.EY recommended diversifying India’s export and import markets and noted that GST 2.0 rate rationalisation will benefit sectors like automobiles, health, and textiles.

 

3. RBI Orders BNPL Startup Simpl to Halt Payment Operations Over PSS Act Violations: The Reserve Bank of India (RBI) has ordered Bengaluru-based BNPL startup Simpl to immediately halt all payment operations for operating without authorisation under the Payments and Settlement Systems (PSS) Act, 2007.Simpl was functioning as a payment system operator without the mandatory Certificate of Authorisation, violating the provisions of the PSS Act.

This action follows the Enforcement Directorate’s (ED) proceedings against Simpl and its co-founder Nitya Sharma over alleged foreign exchange irregularities worth ₹914 crore under FEMA regulations.Simpl, officially registered as One Sigma Technologies Pvt Ltd, is a leading BNPL fintech working with over 26,000 merchants including Zomato, BigBasket, and Rapido, but is now under regulatory and legal scrutiny.

 

AWARDS AND HONOURS

 

1. Sanskrit Scholar Mahamahopadhyay Bhadreshdas Swami Conferred Saraswati Samman 2024 for Swaminarayan Siddhant Sudha: Mahamahopadhyay Bhadreshdas Swami, a renowned Sanskrit scholar and Vedanta philosopher of BAPS, was awarded the Saraswati Samman 2024 by the K.K. Birla Foundation for his work Swaminarayan Siddhant Sudha, presented by Gujarat and Maharashtra Governor Acharya Devvrat at BAPS Swaminarayan Mandir, Ahmedabad.The award includes a citation, plaque, statue of Goddess Saraswati, and ₹15 lakh, which Swami Bhadreshdas dedicated to BAPS for charitable activities.Born in 1966 in Nanded, Maharashtra, Swami Bhadreshdas was initiated as a sadhu in 1981, studied Sanskrit and Hindu philosophy for over three decades, earned a PhD on Bhagavad Gita and a D.Litt. in Vedanta, and authored the monumental 5-volume Swaminarayan Bhashyam.

 

Daily GK Update- 1st Oct, 2025

 

NATIONAL UPDATES:

 

1. PM Modi Lays Foundation Stone for ₹42,000 Crore Mahi Banswara Atomic Power Project in Rajasthan: PM Narendra Modi laid the foundation stone for the ₹42,000 crore Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) in Banswara, Rajasthan, which will be among India’s largest nuclear plants.The project includes four indigenous 700 MW Pressurised Heavy Water Reactors (IPHWR 700) developed by NPCIL, with advanced safety features under India’s “fleet mode” initiative.MBRAPP is being developed jointly by Anushakti Vidhyut Nigam (ASHVINI), NPCIL (51%) and NTPC (49%), combining financial, technological, and project expertise.The project will provide clean, reliable power, generate large-scale employment, boost local industries, and contribute to Atmanirbhar Bharat while fostering economic growth in Rajasthan and India.

 

2. Tally Solutions Partners with Indian Bank to Enable Seamless E-Payments for SMEs via TallyPrime: Tally Solutions has partnered with Indian Bank to integrate e-payment capabilities into the bank’s IND Cash Optima platform for businesses using TallyPrime.The integration allows users to initiate and manage payments directly from TallyPrime, automatically importing payment references like UTR numbers and updating transaction status for error-free reconciliation.The collaboration is expected to benefit SMEs and MSMEs by combining accounting and banking functions, enabling digital financial operations on a single cohesive platform.Executives from Tally and Indian Bank highlighted that the partnership will save time on payments and reconciliation, improve accuracy, convenience, and drive digital adoption among MSMEs.

 

3. Union Home Ministry Cancels FCRA Registration of Sonam Wangchuk’s SECMOL Amid Ladakh Unrest: The Union Home Ministry cancelled the FCRA registration of SECMOL, an organisation founded by Ladakh-based climate activist Sonam Wangchuk, citing multiple alleged violations of the Act.The move follows unrest in Leh, Ladakh, during protests for Statehood and tribal status, with the Ministry alleging that “a mob guided by Sonam Wangchuk’s provocative statements” contributed to the violence.Specific violations included ₹3.5 lakh from the sale of an old bus misclassified as foreign donation, inadvertent deposits of local funds, acceptance of foreign contributions for sensitive studies, and poor financial recordkeeping.The CBI is also investigating suspected FCRA violations by Himalayan Institute of Alternatives Ladakh (HIAL), another institution founded by Wangchuk, though no formal case has been registered.

 

4. Kanad Das Appointed as 13th Director of Botanical Survey of India: Kanad Das took charge as the 13th Director of the Botanical Survey of India (BSI), becoming the first mycologist to lead the institute under MoEFCC.He is an expert in fungal taxonomy and has discovered two new genera and 165 new species of wild mushrooms in India.His research contributions include 170 papers in reputed journals and eight authoritative books on wild mushrooms.With over 25 years of experience, Dr. Das began his career at BSI and has previously headed the Acharya Jagadish Chandra Bose Indian Botanic Garden and Central National Herbarium.

 

INTERNATIONAL UPDATES:

 

1. Amul MD Jayen Mehta Joins IBEF Board as Brand India Expands Global Footprint: Jayen Mehta, MD of Gujarat Cooperative Milk Marketing Federation (Amul), has been nominated to the board of the India Brand Equity Foundation (IBEF), which promotes Brand India globally.Amul has recently expanded internationally, debuting in the US market and entering Europe in June 2025 through a partnership with Spanish cooperative COVAP, supported by a viral animated campaign.

 

2. 29 September – International Day of Awareness on Food Loss and Waste Reduction: International Day of Awareness on Food Loss and Waste Reduction is observed on 29 September each year to highlight the global issue of food loss and waste.The day aims to raise awareness about the environmental, economic, and social impacts of wasting food and encourages responsible consumption.It focuses on reducing food loss during production, storage, and transportation as well as food waste at retail and consumer levels, aligning with SDG 12.3.

Activities include campaigns, workshops, and educational initiatives by governments, NGOs, and businesses to promote sustainable food management and minimize waste.

 

3. 30 September – International Translation Day: International Translation Day is observed every year on 30 September to celebrate the work of translators, interpreters, and language professionals who bridge cultures and languages worldwide.The date coincides with the feast of St. Jerome, the patron saint of translators, who is credited with translating the Bible into Latin (the Vulgate) in the 4th century.

 

OTHER UPDATES:

 

DEFENCE

 

1. Cabinet Approves Rs 69,725 Crore Maritime Package to Boost Shipbuilding: The Union Cabinet, chaired by PM Narendra Modi, approved a Rs 69,725 crore comprehensive package to boost shipbuilding, maritime financing, and domestic capacity through a four-pillar strategy covering financing, infrastructure, technical development, and policy reforms.The spackage extends the Shipbuilding Financial Assistance Scheme (SBFAS) till 2036 with Rs 24,736 crore, introduces a Shipbreaking Credit Note of Rs 4,001 crore, and sets up a National Shipbuilding Mission for implementation.A Maritime Development Fund (Rs 25,000 crore) has been approved, including a Maritime Investment Fund (Rs 20,000 crore, 49% govt participation) and an Interest Incentivization Fund (Rs 5,000 crore) to reduce borrowing costs.The Shipbuilding Development Scheme (SbDS) with Rs19,989 crore will expand India’s domestic shipbuilding capacity to 4.5 million Gross Tonnage, promote mega shipbuilding clusters, establish the India Ship Technology Centre, and is expected to unlock Rs 4.5 lakh crore in investments and create 30 lakh jobs.

 

SCIENCE AND TECHNOLOGY

 

2. Air India Raises $215 Million from Bank of India and Standard Chartered via GIFT City to Refinance Boeing Aircraft Debt: Air India raised approximately $215 million from Bank of India and Standard Chartered Plc through GIFT City to refinance shorter-duration debt used to acquire six Boeing 777-300ER aircraft.The six-year loan is priced at around 168 basis points over the secured overnight financing rate, marking a significant refinancing step for the airline after its recent operational challenges, including a June plane crash.This deal is the first instance of Bank of India acting as a mandated lead manager in a loan transaction from GIFT City, highlighting its growing role in structured financing for major corporations.

 

BANKING AND FINANCE

 

1. Bank of Baroda and IIFL Finance Join Hands in Co-Lending Partnership to Expand Gold Loans in Rural India: Bank of Baroda and IIFL Finance have entered into a co-lending partnership to provide gold loans, mainly targeting unbanked customers in semi-urban and rural India, focusing on agricultural and allied activities.Under the agreement, IIFL Finance will originate and service loans, while Bank of Baroda will fund them with joint underwriting, ensuring affordable and scalable credit delivery in line with RBI’s co-lending guidelines.The collaboration will operate through a tech-integrated process with real-time data sharing, co-branded documentation, and shared servicing responsibilities, aiming to enhance transparency, efficiency, and financial inclusion.

 

2. EY Raises India’s FY26 GDP Forecast to 6.7%, Urges Diversification of Export and Import Markets: EY raised India’s GDP forecast for FY26 to 6.7%, up from 6.5%, citing strong growth in Q1 and GST reforms.The report highlighted that global headwinds may constrain India’s export prospects, despite domestic demand stimulation.EY recommended diversifying India’s export and import markets and noted that GST 2.0 rate rationalisation will benefit sectors like automobiles, health, and textiles.

 

3. RBI Orders BNPL Startup Simpl to Halt Payment Operations Over PSS Act Violations: The Reserve Bank of India (RBI) has ordered Bengaluru-based BNPL startup Simpl to immediately halt all payment operations for operating without authorisation under the Payments and Settlement Systems (PSS) Act, 2007.Simpl was functioning as a payment system operator without the mandatory Certificate of Authorisation, violating the provisions of the PSS Act.

This action follows the Enforcement Directorate’s (ED) proceedings against Simpl and its co-founder Nitya Sharma over alleged foreign exchange irregularities worth ₹914 crore under FEMA regulations.Simpl, officially registered as One Sigma Technologies Pvt Ltd, is a leading BNPL fintech working with over 26,000 merchants including Zomato, BigBasket, and Rapido, but is now under regulatory and legal scrutiny.

 

AWARDS AND HONOURS

 

1. Sanskrit Scholar Mahamahopadhyay Bhadreshdas Swami Conferred Saraswati Samman 2024 for Swaminarayan Siddhant Sudha: Mahamahopadhyay Bhadreshdas Swami, a renowned Sanskrit scholar and Vedanta philosopher of BAPS, was awarded the Saraswati Samman 2024 by the K.K. Birla Foundation for his work Swaminarayan Siddhant Sudha, presented by Gujarat and Maharashtra Governor Acharya Devvrat at BAPS Swaminarayan Mandir, Ahmedabad.The award includes a citation, plaque, statue of Goddess Saraswati, and ₹15 lakh, which Swami Bhadreshdas dedicated to BAPS for charitable activities.Born in 1966 in Nanded, Maharashtra, Swami Bhadreshdas was initiated as a sadhu in 1981, studied Sanskrit and Hindu philosophy for over three decades, earned a PhD on Bhagavad Gita and a D.Litt. in Vedanta, and authored the monumental 5-volume Swaminarayan Bhashyam.