Daily Current Affairs 06th November 2025 | Latest News | Download PDF

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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Government to Reposition National Bank for Financing Infrastructure and Development as a Global Financial Institution

• The Government of India is set to reposition the National Bank for Financing Infrastructure and Development (NaBFID) — established in 2021 — as a global financial institution, reflecting a major policy and institutional shift.
• NaBFID will be renamed as the Infrastructure Development Bank (IDB), with a new logo and brand identity, symbolising its expanded global role in infrastructure financing.

Key Highlights :

• NaBFID was established under the NaBFID Act, 2021, as a 100% government-owned Development Finance Institution (DFI) and is classified as an All-India Financial Institution (AIFI) under the RBI Act, 1934.
• Its core mandate includes providing long-term non-recourse financing for infrastructure projects, refinancing existing infrastructure debt, and mobilising private investment in the sector.
• The rebranding to IDB aligns the institution with global peers such as the Asian Development Bank (ADB) and the International Finance Corporation (IFC).
• The shift aims to enable cross-border infrastructure financing, international capital mobilisation, and adoption of global best practices in project finance.
• This move highlights India’s ambition to enhance its global influence in infrastructure development and financing frameworks.
• Domestically, it reinforces infrastructure as a key growth engine, supporting the National Infrastructure Pipeline (NIP) and long-term development strategy.

About NaBFID :

• Chairperson : K.V. Kamath
• NaBFID was set up in 2021, by an Act of the Parliament (The National Bank for Financing Infrastructure and Development Act, 2021).
• It shall be regulated and supervised by RBI as an All-India Financial Institution (AIFI).

Financial Action Task Force Updates Global List of Jurisdictions with Anti-Money Laundering and Countering the Financing of Terrorism Deficiencies in October 2025 Statement

• The Financial Action Task Force (FATF) released its latest public statement on October 24, 2025, updating the lists of jurisdictions with strategic AML/CFT (Anti-Money Laundering and Countering the Financing of Terrorism) deficiencies.
• The FATF reaffirmed its call for action on North Korea (Democratic People’s Republic of Korea – DPRK) and Iran, referring to the February 2020 statement, which remains in effect.

Key Highlights :

• Myanmar continues to remain on the list of High-Risk Jurisdictions subject to a Call for Action, as initially added in October 2022, and FATF has urged member countries to apply enhanced due diligence measures proportionate to risks arising from Myanmar.
• When applying enhanced due diligence, countries have been advised to ensure that legitimate fund flows for humanitarian assistance, NPO activity, and remittances are not disrupted.
• The status of Myanmar in the Call for Action list remains unchanged as of October 2025.
• Following FATF’s October 2025 review, Burkina Faso, Mozambique, Nigeria, and South Africa were removed from the Increased Monitoring list (Grey List) for significant progress in strengthening their AML/CFT frameworks.
• The Increased Monitoring list earlier included jurisdictions such as Algeria, Angola, Bolivia, Bulgaria, Cameroon, Côte d’Ivoire, DRC, Haiti, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, South Sudan, Syria, Venezuela, Vietnam, Virgin Islands (UK), and Yemen.
• The FATF plenary releases two key documents – “High-Risk Jurisdictions subject to a Call for Action” and “Jurisdictions under Increased Monitoring” – identifying and monitoring countries with strategic AML/CFT deficiencies.
• This FATF advice does not restrict legitimate trade or business transactions with countries on these lists.
• The Financial Action Task Force (FATF), established in 1989 by the Ministers of its Member jurisdictions, aims to set global standards and promote effective implementation of legal, regulatory, and operational measures to combat money laundering, terrorist financing, and proliferation financing.

Scapia and Federal Bank Introduce Add-On Credit Card Feature for Family Members

• Scapia and Federal Bank have launched an add-on credit card feature, allowing primary cardholders to share credit limits and travel benefits with up to 3 family members aged 18 or older.
• The add-on card feature enables independent app access, OTPs, and transaction visibility for additional users while allowing both primary and add-on holders to earn and redeem Scapia Coins and enjoy unlimited domestic lounge access.
• The onboarding process is fully digital, with instant virtual card issuance after KYC and physical delivery within 5–7 days.
• Scapia launched Scapia Store, India’s first travel-focused shopping platform, featuring brands like Columbia, Daily Objects, Tripole, and Nasher Miles across apparel, accessories, and luggage categories
• These developments are part of Scapia’s Winter Product Release, which also includes Scapia Experiences, expanding its presence across seven travel categories.

About Federal Bank:

• Founded: 1931
• Headquarters: Aluva, Kerala, India
• Managing Director & CEO: KVS Manian
• Tagline: “Your Perfect Banking Partner”

Insurance Regulatory and Development Authority of India Fines Liberty General Insurance ₹1 Crore for Regulatory Violations

• The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹1 crore penalty on Liberty General Insurance Company for violating multiple regulatory norms.
• The violations relate to outsourcing practices, payment of commissions and remuneration to intermediaries, and protection of policyholders’ interests.
• The penalty was imposed under Section 102 of the Insurance Act, 1938, which empowers IRDAI to take action against insurers for non-compliance with regulations.
• IRDAI’s order also directed the insurer to review existing agreements with vendors, intermediaries, and related parties to ensure full compliance with current outsourcing and regulatory guidelines.
• The regulatory action highlights IRDAI’s strict enforcement of governance and compliance standards within the insurance sector.
• Chief Executive Officer and Whole-Time Director of Liberty General Insurance Company : Parag Ved

About IRDAI:

• Headquarters (HQ): Hyderabad, Telangana, India
• Chairperson: Ajay Seth
• Founded: 1999

Government Sets Up Panel Led by Neeraj Kumar Gupta to Review Export Incentive Rates under RoDTEP and RoSCTL Schemes

• The government has formed a committee headed by former secretary Neeraj Kumar Gupta to review the notified rates under the RoDTEP (Remission of Duties and Taxes on Exported Products) and RoSCTL (Rebate of State and Central Taxes and Levies) schemes for exporters.
• RoDTEP, extended till March 2026, refunds taxes and levies not reimbursed through other mechanisms, with current rates ranging from 0.3% to 4.3%.
• RoSCTL, launched in 2021 for garment and made-up exporters, offers rebates up to 6.05% for apparel and 8.2% for made-ups, including home textile products.
• The committee will recommend ceiling rates for both schemes, covering exports from domestic tariff areas, SEZs, and advance authorisation holders.
• The panel will submit its report by March 31, 2026, ensuring updated remission rates to enhance the global competitiveness of Indian exports.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

International Conference on Green Hydrogen-2025 to be Hosted by MNRE in New Delhi

• The Ministry of New and Renewable Energy (MNRE) will host the International Conference on Green Hydrogen-2025 in New Delhi, bringing together global and domestic stakeholders to advance discussions on India’s green hydrogen ecosystem.

Key Highlights

• The conference aims to explore practical pathways for scaling up green hydrogen production, focusing on technology advancement, cost trends, infrastructure readiness, and demand creation.
• It will facilitate global collaboration by engaging international delegations, industry leaders, and policymakers, supporting India’s energy transition and export potential.
• Key discussion areas include financing mechanisms, hydrogen certification standards, port readiness for hydrogen exports, skill development, and localisation of technology.
• Senior ministers from Energy, Petroleum and Natural Gas, and Earth Sciences will participate, highlighting the cross-sectoral significance of green hydrogen in India’s clean-energy policy.
• Green hydrogen serves as a cornerstone in India’s pursuit of clean, affordable, and self-reliant energy. MNRE Secretary Santosh Kumar Sarangi emphasized the need for clarity in technology selection, infrastructure planning, and demand creation to drive sectoral growth.
• The conference supports the objectives of the National Green Hydrogen Mission, positioning India as a global hub for green hydrogen production and export.
• Discussions will also address infrastructure readiness, including ports and certification systems, which are key to integrating India into global hydrogen markets.
• Focus areas such as skill enhancement and technology localisation aim to promote domestic manufacturing and employment generation, reinforcing India’s leadership in the global clean-energy transition.

About Delhi:

• Chief Minister: Rekha Gupta
• Lieutenant Governor: Vinai Kumar Saxena
• Capital: New Delhi
• Wildlife Sanctuaries: Asola Bhatti Wildlife Sanctuary, Yamuna Biodiversity Park, Aravalli Biodiversity Park

RECENT NEWS

• India is set to host the 4th edition of World Food India (WFI) from September 25 to 28, 2025, at Bharat Mandapam, New Delhi.

India Sends Humanitarian Assistance to Jamaica and Cuba After Hurricane Melissa

• Demonstrating its strong commitment to disaster response and international cooperation, India has dispatched 20 tonnes each of Humanitarian Assistance and Disaster Relief (HADR) materials to Jamaica and Cuba following the devastation caused by Hurricane Melissa.
• The consignment was sent from New Delhi on 4 November 2025 via an Indian Air Force aircraft, reaffirming India’s readiness to assist Global South nations during natural calamities.
• The relief package included:
  • “Aarogya Maitri BHISHM Cube” (a compact relief and medical support unit)
  • Rehabilitation items
  • Food and daily utility supplies
  • Medicines and medical equipment
  • Power generators
  • Shelter-support materials
  • Hygiene kits
• These materials were designed to cover all essential aspects of post-disaster needs — healthcare, shelter, hygiene, and power restoration.
• Hurricane Melissa, a Category 5 storm, struck Jamaica before moving towards Cuba, causing extensive damage to infrastructure, power systems, and homes, and creating urgent humanitarian requirements.
• Through this mission, India reaffirmed its position as a trusted partner in humanitarian aid, reflecting its policy of solidarity with Global South nations in times of crisis.
• The External Affairs Minister emphasized that “India stands with our Global South partners in the face of such natural disasters.”
• The operation also showcased India’s advanced disaster-response capabilities, highlighting the integration of technology-driven relief tools like the BHISHM Cube and military-logistics coordination through the Indian Air Force.
• This initiative enhances India’s global soft-power image and strengthens its credibility as a reliable disaster-management partner on the international stage.

India Exports First Consignment of Fortified Rice Kernel to Costa Rica

• India has achieved a major milestone by exporting its first-ever consignment of Fortified Rice Kernel (FRK) to Costa Rica, marking a new era in nutrition-based agricultural exports.
• The 12-metric tonne shipment originated from Chhattisgarh and was facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industry.

Key Highlights

• This initiative aligns with India’s national mission Kuposhan Mukt Bharat (Malnutrition-Free India) and contributes to global efforts to fight micronutrient deficiency.
• Fortified Rice Kernel (FRK) is made by blending rice flour with essential micronutrients such as iron, folic acid, and vitamin B12, followed by an extrusion process that reshapes it to resemble normal rice grains. It is then mixed with regular rice at a fixed ratio to enhance nutritional value.
• Fortified rice is already distributed domestically through the Food Corporation of India (FCI) under the Poshan Abhiyan.
• Chhattisgarh, known as the “Rice Bowl of India,” has emerged as a leading player in fortified rice production and export, thanks to the coordinated efforts of farmers, millers, exporters, and The Rice Exporters Association of Chhattisgarh (TREA-CG).
• The export marks a strategic advancement for India by:
  • Promoting nutrition-oriented trade and positioning India as a global food security contributor.
  • Enhancing foreign exchange earnings through value-added agricultural products.
  • Integrating public health goals with international trade objectives.
• For Chhattisgarh, this milestone:
  • Encourages investment in fortification technology and processing infrastructure.
  • Creates new income opportunities for local producers.
  • Strengthens its position as a hub for value-added agri exports.

India to Receive Eight More Cheetahs from Botswana under Project Cheetah

• India will welcome eight more cheetahs from Botswana by the third week of December 2025, marking another major step in Project Cheetah, India’s initiative to reintroduce the species to its natural range after being declared extinct in 1952.
• The cheetahs are currently in quarantine in Botswana and will be shifted to Kuno National Park in Madhya Pradesh, where they will be kept under observation before release.

Key Highlights

• Project Cheetah is the world’s first intercontinental large carnivore translocation project, launched to restore cheetahs in India’s grassland ecosystems through collaboration with Namibia and South Africa.
• Since its launch, India has received cheetahs from Namibia (2022) and South Africa (2023). The total cheetah population now stands at 27, which includes 16 cubs born in India.
• The species has been successfully reintroduced to Kuno National Park and Gandhi Sagar Wildlife Sanctuary, and efforts are underway to expand to Mukundra Hills Tiger Reserve to prevent overcrowding and improve survival rates.
• The upcoming batch from Botswana will arrive in two phases, and after reaching India, the animals will undergo 2–3 months of quarantine before being released into the wild.
• The initiative aims to improve genetic diversity and build a stable population of cheetahs across suitable Indian habitats.
• Despite its achievements, Project Cheetah faces several challenges:
  • Mortality concerns: Nine adult cheetahs and ten cubs have died so far.
  • Climatic and biological mismatch: Cheetahs from the Southern Hemisphere face differences in climate and daylight patterns in India.
  • Ecological debate: Conservationists highlight ecological differences between African and Indian landscapes that may affect adaptability.
• The government, however, remains optimistic about the project’s long-term potential, citing successful local births, strengthening habitat infrastructure, and international collaboration as signs of progress.

RECENT NEWS

• For the first time since the Taliban’s return to power in August 2021, Afghanistan is set to appoint its first official diplomat to India, marking a significant—though unofficial—step forward in India-Taliban diplomatic engagement.

CURRENT AFFAIRS : INTERNATIONAL NEWS

Maldives Becomes First Country to Enforce Generational Tobacco Ban

• The Maldives has become the first country in the world to implement a “generational ban” on smoking, prohibiting individuals born on or after January 1, 2007, from purchasing, using, or selling tobacco in any form.
• The ban was enacted through the Second Amendment to the Tobacco Control Act, ratified by President Mohamed Muizzu, marking a historic public health milestone.
• The World Health Organization (WHO) attributes over seven million global deaths annually to smoking, highlighting the significance of the Maldives’ preventive health initiative.
• While New Zealand and the United Kingdom had proposed similar “smoke-free generation” laws, they were never implemented, making the Maldives the first nation to successfully enforce a generational tobacco ban.

About Maldives :

• President : Mohamed Muizzu
• Capital : Malé
• Currency : Maldivian rufiyaa

China Launches 42nd Antarctic Expedition to Conduct Scientific Drilling and Study Polar Evolution

• China dispatched its 42nd Antarctic Expedition Team on November 1, 2025, to carry out scientific drilling experiments for studying Antarctica’s evolution and natural resources.
• The mission marks China’s first-ever deep drilling operation into the Antarctic ice sheet and subglacial lakes, representing a major milestone in its polar research programme.
• The team will utilize indigenously developed hot-water and thermal-melting drill systems to conduct clean drilling and sampling through over 3,000 metres of ice.
• The expedition aims to perform long-term climate and ocean observations in regions such as the Amundsen Sea and Ross Sea, contributing to a better understanding of global climate change.
• China currently operates five Antarctic research stations, including a newly established fifth base spanning 5,244 sq. metres, which can accommodate 80 members in summer and 30 in winter.

Palau Conducts World’s First Live Underwater Broadcast

• In a historic first, Palau’s President Surangel Whipps Jr. conducted a live underwater interview beneath the Pacific Ocean to highlight ocean conservation, climate threats, and the existential risks faced by small island nations.
• The interview featured marine activist Merle Liivand, and both exchanged remarks in real time underwater using Li-Fi technology, which transmits data via light instead of radio waves, making it suitable for underwater communication.
• The event emphasized the urgency of protecting marine ecosystems, tackling coral bleaching, sea-level rise, and climate impacts disproportionately affecting Pacific island states.
• Palau is an island nation in the western Pacific Ocean, consisting of around 300 islands with a land area of about 458 sq km, located in both the Northern and Eastern hemispheres.
• It shares maritime borders with Micronesia, Indonesia, and the Philippines, and Ngerulmud, on Babeldaob Island, is the world’s least populous capital city, while Koror is the largest and most populous city.
• Official languages are Palauan and English, along with Japanese, Sonsorolese, and Tobian, and the country became independent in 1994 after being a UN trusteeship administered by the United States.
• Under the Compact of Free Association with the US, Palau receives defense and financial aid, and the US maintains rights to military bases.
• The underwater interview symbolizes innovation in communication, promotes climate justice, and strengthens Palau’s global leadership in marine conservation and ocean advocacy.

CURRENT AFFAIRS: AWARDS AND HONOURS

David Beckham Knighted by King Charles III for Services to Football and Charity

• David Beckham, former England football captain and global sports icon, has officially been knighted by King Charles III at Windsor Castle, Berkshire, on 4 November 2025, earning the title “Sir David Beckham.”
• Beckham was honoured as a Knight Bachelor in the King’s Birthday Honours List 2025 for his exceptional contributions to football and philanthropy.
• Accompanied by his wife Victoria Beckham, who designed his suit, and his parents, Beckham received the honour in an emotional ceremony, marking a milestone since receiving the OBE (Officer of the Order of the British Empire) in 2003.
• Beckham’s illustrious football career includes 115 England caps (2000–2006 captaincy) and a decorated club career featuring:
  • 6 Premier League titles, 2 FA Cups, and 1 UEFA Champions League (1999 treble) with Manchester United.
  • Later stints with Real Madrid, LA Galaxy, AC Milan, and Paris Saint-Germain before retiring in 2013.
• His impact extended beyond football—renowned for leadership, free-kicks, and global popularity, Beckham redefined the image of the modern footballer.
• Beyond sport, Beckham has made notable humanitarian contributions:
  • UNICEF Goodwill Ambassador since 2005.
  • Founder of 7: The David Beckham UNICEF Fund (2015).
  • Ambassador for the King’s Foundation (2024) supporting education.
  • Played a key role in London’s 2012 Olympic bid and paid public tribute to Queen Elizabeth II in 2022.
• Beckham becomes the 17th football personality to be knighted, joining legends such as Sir Stanley Matthews, Sir Bobby Charlton, Sir Geoff Hurst, Sir Alf Ramsey, Sir Matt Busby, Sir Alex Ferguson, and Sir Gareth Southgate (also honoured in 2025).
• The knighthood recognises Beckham’s dual legacy—as an athletic icon and a global ambassador for British values, charity, and leadership.

CURRENT AFFAIRS: RANKING AND INDEX

India Tops Global Cooperative Rankings: Amul and IFFCO Ranked 1st and 2nd in ICA World Cooperative Monitor 2025

• India’s cooperative sector achieved global recognition as Amul (Gujarat Cooperative Milk Marketing Federation – GCMMF) and Indian Farmers Fertiliser Cooperative Limited (IFFCO) secured the 1st and 2nd ranks respectively in the International Cooperative Alliance (ICA) World Cooperative Monitor 2025.
• The rankings were announced at the ICA CM50 Conference in Doha, Qatar, highlighting India’s growing leadership in cooperative governance, inclusive growth, and food security.
• About the ICA World Cooperative Monitor:
  • The ranking evaluates cooperatives worldwide based on turnover per capita and socioeconomic impact.
  • It assesses how effectively cooperatives contribute to Gross Domestic Product (GDP), community upliftment, and democratic governance.
• Amul (GCMMF) – World Rank 1:
  • Operates under a three-tier cooperative model connecting village producers to national markets.
  • Empowers over 3.6 million rural milk producers ensuring price stability and steady farmer income.
  • Recognized globally for its role in food security, innovation, and self-reliance in the dairy sector.
• IFFCO – World Rank 2:
  • Serves over 55 million farmers through extensive member societies.
  • Focuses on sustainable fertiliser production, digital outreach, and community reinvestment.
  • Promotes green technologies, rural education, and inclusive economic growth.
• National Importance:
  • The achievement strengthens the Government of India’s vision of “Sahkar Se Samriddhi” (Prosperity through Cooperation).
  • Validates the Ministry of Cooperation’s efforts in driving rural transformation through institutional cooperatives.
  • Amul and IFFCO represent a model of inclusive capitalism, returning profits to producers rather than shareholders, supporting poverty alleviation and rural employment.
• Global Significance:
  • The recognition enhances India’s influence in global cooperative diplomacy.
  • It aligns with the United Nations’ International Year of Cooperatives (2025) and supports the Sustainable Development Goals (SDGs) through cooperative-led climate resilience and social equity.

India Records Decline in QS Asia University Rankings 2026 Despite Improved Scores

• The QS Asia University Rankings 2026 revealed a concerning trend for India’s top institutions—despite improved overall scores, most universities dropped in rank due to intensified competition from East and Southeast Asia.
• Among India’s top 10 institutions, nine recorded a fall, including seven Indian Institutes of Technology (IITs), reflecting pressure from universities in China, Singapore, South Korea, and Malaysia, which are advancing through globalisation, higher research impact, and better faculty-student ratios.
• IIT Delhi remained India’s top-ranked institute but fell 15 places to 59th.
• IIT Bombay faced the steepest drop—down 23 places from 48 to 71.
• IISc Bangalore maintained relative stability at 64th rank.
• Chandigarh University was the only Indian university to improve, moving up from 120 to 109.

Top 10 Indian Institutions in QS Asia Rankings 2026

Top 10 Universities in Asia (2026)

Reasons for India’s Decline

• Weak Research Impact:
  • Citations per paper for Indian institutions remain low compared to top Asian universities.
  • IIT Delhi: 31.5, IIT Bombay: 20.0, IIT Madras: 20.3.
  • Leading Asian institutions score above 90, indicating stronger research visibility and global collaboration.
• Poor Faculty–Student Ratio:
  • IIT Delhi: 40.9, IIT Kharagpur: 16.5, compared to 80–90 among top Asian universities.
  • Limited teaching staff and high student enrolment reduce teaching quality scores.
• Limited Internationalisation:
  • International Student Ratio (ISR) remains very low — 2.5 (IIT Kharagpur) to 12.3 (IIT Roorkee).
  • In contrast, universities in Singapore, Hong Kong, and South Korea score close to 100 in this metric.

Rising Regional Competition

• China, Singapore, South Korea, and Malaysia have surged ahead due to:
  • Increased government investment in higher education and research & development.
  • Recruitment of international faculty and enhanced global research collaborations.
  • Focus on publication output and strategic partnerships to improve global visibility.

CURRENT AFFAIRS: MOUS AND AGREEMENT

India and Israel Sign MoU to Strengthen Defence Cooperation

• India and Israel signed a Memorandum of Understanding (MoU) during the 17th meeting of the Joint Working Group (JWG) on Defence Cooperation held in Tel Aviv, marking a major step toward expanding their strategic defence partnership.
• The MoU aims to provide a unified vision and policy framework for advancing bilateral defence cooperation in a structured and long-term manner.

Key Highlights

• The meeting was co-chaired by Defence Secretary Rajesh Kumar Singh (India) and Major General Amir Baram, Director General of the Israeli Ministry of Defence.
• The agreement focuses on key areas such as co-development and co-production of defence equipment, exchange of advanced technologies, and mutual support in developing operational capabilities.
• Both nations reiterated their commitment to joint strategies for combating terrorism and discussed mechanisms for deeper collaboration in defence technology, research, and innovation.
• On the sidelines, Defence Secretary Rajesh Kumar Singh met Israeli Defence Minister Israel Katz, briefing him on the key takeaways of the JWG discussions.
• The two sides reaffirmed their commitment to strengthening their strategic and defence relationship, which has seen continuous progress over the past two decades.
• The renewed cooperation aligns with India’s vision of self-reliance (Atmanirbhar Bharat) in defence manufacturing and technological modernisation, while reinforcing India-Israel ties in counter-terrorism and security collaboration.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

SBICAP Securities appoints Bhuvaneshwari A. as Managing Director and CEO effective November 1,2025

• SBICAP Securities Limited. has appointed Bhuvaneshwari A. as its Managing Director and Chief Executive Officer (CEO), effective November 1, 2025, as announced by the State Bank of India (SBI) group company.
• She brings over 30 years of banking experience, having joined SBI as a Probationary Officer in 1994.
• Before this role, she served as Chief General Manager of SBI’s Thiruvananthapuram Circle, managing operations across 1,200+ branches and driving growth in retail credit, deposits, and market share.
• In her new role, she aims to transform SBICAP Securities into a digitally driven, customer-focused investment services firm, with emphasis on strengthening technology platforms, expanding product offerings, and improving research accessibility for investors.
• SBICAP Securities Limited is a leading full-service stockbroker in India, offering investment solutions such as equity trading, derivatives, and mutual funds.

Zohran Mamdani Becomes New York City’s First Muslim and South Asian Mayor

• Zohran Mamdani has been elected as the Mayor of New York City, becoming the first Muslim, the first person of South Asian descent, and the youngest individual in over a century to hold the position.
• His election on November 4, 2025, marks a historic moment in American urban politics and reflects a shift in the city’s political landscape.
• Born in Uganda to Indian-origin parents, Mamdani grew up in New York City and previously served as a member of the New York State Assembly.
• His campaign was grassroots-driven and progressive, focusing on housing affordability, public transport, and economic justice.
• His policy agenda included major social reforms such as free city bus services, universal child care, rent freeze on stabilised units, minimum wage hike to $30/hour by 2030, and higher taxes on the top 1% and big corporations.
• Mamdani’s victory represents a generational shift in city leadership, the rise of progressive politics, and greater representation for immigrant, Muslim, South Asian, and minority communities.
• His win also poses a challenge to traditional political and economic models of city governance, highlighting equity and inclusiveness in policymaking.

CURRENT AFFAIRS : ENVIRONMENT

University of California Scientists Discover New Trapdoor Spider Species “Aptostichus ramirezae” in California’s Coastal Dunes

• Scientists from the University of California, Davis have discovered a new species of trapdoor spider named “Aptostichus ramirezae” in California’s coastal dunes, previously mistaken for its close relative “Aptostichus simus.”
• The discovery was published in the journal Ecology and Evolution after a detailed genetic analysis confirmed distinct genomic differences between the two species.
• The new species was named after arachnologist Martina Giselle Ramirez for her contributions to spider genetics and mentorship.
• Trapdoor spiders, relatives of tarantulas, live in silk-lined burrows with camouflaged trapdoors, using surface vibrations to capture prey while remaining concealed from predators.
• The species thrives along the California coastline from Monterey to Baja California, making it one of only four known trapdoor spider species in the region.
• Aptostichus ramirezae has a broader range, whereas Aptostichus simus is mostly found around San Diego.
• Both species face serious threats from habitat loss, urbanisation, erosion, wildfires, and rising sea levels, posing risks to their long-term survival.
• Because these spiders rarely leave their burrows, they have low mobility and cannot easily relocate when habitats deteriorate.

CURRENT AFFAIRS: SPORTS NEWS

Jannik Sinner Reclaims ATP World No. 1 After Paris Masters 2025 Triumph

• Italy’s Jannik Sinner reclaimed the ATP World No. 1 ranking after defeating Felix Auger-Aliassime (Canada) in the 2025 Paris Masters final on November 2, 2025, with a scoreline of 6-4, 7-6 (4).
• The victory dethroned Carlos Alcaraz, marking Sinner’s return to the top of men’s tennis and highlighting his dominance in the ongoing indoor season.
• The Paris Masters, an ATP 1000 event, was Sinner’s first title at the tournament and extended his indoor winning streak to 26 matches.
• The win came just a week after his Vienna Open triumph, showcasing remarkable consistency ahead of the ATP Finals.

• Became one of the few Italians in history to hold the No. 1 ATP ranking.

• The win at Paris Masters capped off a breakthrough year for Sinner, reinforcing his position among the sport’s elite.
• His consistency and adaptability across tournaments have made him a serious contender for the ATP Finals and the 2026 season.
• Sinner’s ascent marks a new era in men’s tennis, following the dominance of legends like Djokovic, Nadal, Federer, and the recent reign of Alcaraz.

Sinner’s Performance and Achievements in 2025

• Paris Masters Champion – first career title at the event.
• Vienna Open Champion – consecutive title within a week.
• 26-match indoor winning streak, the longest current run on hard courts.
• Reclaimed ATP World No. 1 ranking, surpassing six-time Grand Slam winner Carlos Alcaraz.

Hockey India Launches Centenary Celebrations to Mark 100 Years of Indian Hockey

• Hockey India has commenced its centenary celebrations marking 100 years since the establishment of the Indian Hockey Federation in 1925.
• The launch event took place at the Major Dhyan Chand National Stadium, New Delhi, celebrating India’s century-long journey in the sport.

Key Highlights

• The centenary marks a historic milestone in India’s sporting heritage, commemorating the nation’s dominance in international hockey and its continued efforts to revive the sport across generations.
• The celebrations will feature a nationwide series of events reflecting India’s hockey legacy and its promising future.
• A grand inaugural ceremony will include the participation of India’s leading Olympians and hockey icons.
• A symbolic exhibition match will be played between a mixed Indian team and a Minister’s XI, sending a message of gender equality in sports.
• Over 1,400 hockey matches will be held simultaneously across 550+ districts, involving more than 36,000 players, highlighting hockey’s grassroots reach.
• A commemorative publication titled “100 Years of Indian Hockey” will be released, featuring archival photos, historic achievements, and iconic players that shaped Indian hockey.
• The celebration recognizes hockey as a symbol of India’s national identity and sporting pride, showcasing its contribution from multiple Olympic gold medals to being a unifying force for the nation.
• The initiative also focuses on grassroots development, giving young players an opportunity to participate in the celebrations, discover talent, and build the next generation of Indian hockey stars.

CURRENT AFFAIRS : OBITUARIES

Hinduja Group Chairman and Business Icon Gopichand Hinduja passed away at 87

• Gopichand Hinduja, Chairman of the Hinduja Group, passed away at the age of 85, marking the end of an era in global business leadership.
• He was one of India’s most respected businessmen and a key figure in strengthening India–UK business ties through enterprise and community service.
• Born in 1940 in India, he was part of the illustrious Hinduja family, founders of one of the world’s largest diversified business empires.
• He led the Hinduja Group, a global conglomerate with interests in automotive, banking and finance, energy, IT and media, infrastructure, and real estate.
• He served as Chairman of Hinduja Automotive Ltd. and later became Chairman of the Hinduja Group in 2023 after his brother Srichand Hinduja’s
• He was ranked as the richest individual in the United Kingdom for seven consecutive years by The Sunday Times Rich List.
• Under his leadership, the Hinduja Group expanded operations across more than 38 countries.
• He was widely recognized for his philanthropy, community building, and cross-cultural collaboration.

Former Indian Hockey Goalkeeper Manuel Frederick Passed away at 78

• Former Indian hockey goalkeeper Manuel Frederick, a bronze medallist at the 1972 Munich Olympics, passed away at the age of 78 in Bengaluru after battling cancer.
• He was born on October 20, 1947, in Kannur, Kerala, and became the first Olympian from Kerala to win an Olympic medal, a record later matched by PR Sreejesh in 2021.
• Frederick also won a silver medal at the 1973 Hockey World Cup held in Amstelveen, Netherlands, marking another major milestone in his career.
• He represented India from 1971 to 1978, featuring in two Hockey World Cups (1973 & 1978) and was known for his fearless goalkeeping and ability to save penalty strokes.
• Nicknamed “Tiger”, Frederick played for Army Service Corps (ASC), Hindustan Aeronautics Limited (HAL), Services, Uttar Pradesh, and Mohun Bagan during his career.
• In 2019, he received the Dhyan Chand Award for Lifetime Achievement from the Government of India for his outstanding contribution to Indian hockey.

CURRENT AFFAIRS: IMPORTANT DAYS

International Day for Preventing the Exploitation of the Environment in War and Armed Conflict 2025 is observed on 6th November 2025.

• International Day for Preventing the Exploitation of the Environment in War and Armed Conflict 2025 is observed on 6th November 2025.
• The United Nations ensures that taking action on the Environment is a part of conflict prevention, peacekeeping, and peacebuilding strategies because there is no peace if natural resources and ecosystems are destroyed.

History

• Humans are the direct victims of War and Armed Conflicts. When War happens a lot of Casualties happen. Soldiers and civilians will be wounded and killed. Cities will be destroyed. A lot of life starves in hunger.
• These are direct victims. But the Environment is the unknown Victim in war and Armed Conflicts. Rivers and Wells will be polluted. Forests are cut down to gain military advantage, animals are killed, the soil is poisoned and crops are burnt.
• These are some of which are linked to the exploitation of Natural resources. So the Environment is damaged which affects the Ecosystem.
• The United Nations Environmental Programme (UNEP) has found that for over 60 years 40 percent of all internal Conflicts have been directly linked to the exploitation of Natural Resources connecting higher value resources like Diamond, timber, gold, and oil and scarce resources like fertile land and water.
• On 5th November 2001, the UN General Assembly declared the 6th November of each year as an International Day for Preventing the Exploitation of the Environment in War and Armed Conflict.

Daily CA One- Liner: November 6

• The Ministry of New and Renewable Energy (MNRE) will host the International Conference on Green Hydrogen-2025 in New Delhi, bringing together global and domestic stakeholders to advance discussions on India’s green hydrogen ecosystem
• Demonstrating its strong commitment to disaster response and international cooperation, India has dispatched 20 tonnes each of Humanitarian Assistance and Disaster Relief (HADR) materials to Jamaica and Cuba following the devastation caused by Hurricane Melissa
• India has achieved a major milestone by exporting its first-ever consignment of Fortified Rice Kernel (FRK) to Costa Rica, marking a new era in nutrition-based agricultural exports
• India will welcome eight more cheetahs from Botswana by the third week of December 2025, marking another major step in Project Cheetah, India’s initiative to reintroduce the species to its natural range after being declared extinct in 1952
• David Beckham, former England football captain and global sports icon, has officially been knighted by King Charles III at Windsor Castle, Berkshire, on 4 November 2025, earning the title “Sir David Beckham
• India’s cooperative sector achieved global recognition as Amul (Gujarat Cooperative Milk Marketing Federation – GCMMF) and Indian Farmers Fertiliser Cooperative Limited (IFFCO) secured the 1st and 2nd ranks respectively in the International Cooperative Alliance (ICA) World Cooperative Monitor 2025
• The QS Asia University Rankings 2026 revealed a concerning trend for India’s top institutions—despite improved overall scores, most universities dropped in rank due to intensified competition from East and Southeast Asia
• India and Israel signed a Memorandum of Understanding (MoU) during the 17th meeting of the Joint Working Group (JWG) on Defence Cooperation held in Tel Aviv, marking a major step toward expanding their strategic defence partnership.
• Italy’s Jannik Sinner reclaimed the ATP World No. 1 ranking after defeating Felix Auger-Aliassime (Canada) in the 2025 Paris Masters final on November 2, 2025, with a scoreline of 6-4, 7-6 (4)
• Hockey India has commenced its centenary celebrations marking 100 years since the establishment of the Indian Hockey Federation in
• The Government of India is set to reposition the National Bank for Financing Infrastructure and Development (NaBFID) — established in 2021 — as a global financial institution, reflecting a major policy and institutional shift.
• The Financial Action Task Force (FATF) released its latest public statement on October 24, 2025, updating the lists of jurisdictions with strategic AML/CFT (Anti-Money Laundering and Countering the Financing of Terrorism) deficiencies.
• Scapia and Federal Bank have launched an add-on credit card feature, allowing primary cardholders to share credit limits and travel benefits with up to 3 family members aged 18 or older.
• The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹1 crore penalty on Liberty General Insurance Company for violating multiple regulatory norms.
• The government has formed a committee headed by former secretary Neeraj Kumar Gupta to review the notified rates under the RoDTEP (Remission of Duties and Taxes on Exported Products) and RoSCTL (Rebate of State and Central Taxes and Levies) schemes for exporters.
• The Maldives has become the first country in the world to implement a “generational ban” on smoking, prohibiting individuals born on or after January 1, 2007, from purchasing, using, or selling tobacco in any form.
• China dispatched its 42nd Antarctic Expedition Team on November 1, 2025, to carry out scientific drilling experiments for studying Antarctica’s evolution and natural resources.
• In a historic first, Palau’s President Surangel Whipps Jr. conducted a live underwater interview beneath the Pacific Ocean to highlight ocean conservation, climate threats, and the existential risks faced by small island nations.
• SBICAP Securities Limited. has appointed Bhuvaneshwari A. as its Managing Director and Chief Executive Officer (CEO), effective November 1, 2025, as announced by the State Bank of India (SBI) group company.
• Zohran Mamdani has been elected as the Mayor of New York City, becoming the first Muslim, the first person of South Asian descent, and the youngest individual in over a century to hold the position.
• Scientists from the University of California, Davis have discovered a new species of trapdoor spider named “Aptostichus ramirezae” in California’s coastal dunes, previously mistaken for its close relative “Aptostichus simus.”
• Gopichand Hinduja, Chairman of the Hinduja Group, passed away at the age of 85, marking the end of an era in global business leadership.
• Former Indian hockey goalkeeper Manuel Frederick, a bronze medallist at the 1972 Munich Olympics, passed away at the age of 78 in Bengaluru after battling cancer.
• International Day for Preventing the Exploitation of the Environment in War and Armed Conflict 2025 is observed on 6th November 2025

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