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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS
Reserve Bank of India Issues Standardised Guidelines for Banks to Settle Deceased Customers’ Claims
- The Reserve Bank of India (RBI) has issued standardised guidelines for banks to settle claims of deceased customers, aiming to prevent divergent practices among banks.
- The nomination facility is available for bank deposit accounts, safe deposit lockers, and articles in safe custody.
- This facility is provided under Sections 45ZA to 45ZF of the Banking Regulation Act, 1949, along with Section 56.
- Banks must implement these procedures by 31st March 2026.
Key Highlights :
- The directions apply to all commercial banks and co-operative banks.
- These directions do not apply to Government savings schemes like SCSS, PPF, etc., where claims are settled as per respective scheme provisions.
- If a depositor has nominated someone or the account is on “either or survivor” terms, banks can release funds to the nominee/survivor after the depositor’s death.
- The nominee/survivor must be informed in writing that the funds are received only as a trustee of the legal heirs.
- In a joint deposit account, the nominee can claim funds only after all account holders have passed away, irrespective of survivorship clauses.
- Banks must adopt a simplified claim settlement process for accounts where the total payable amount (including interest) is below a specified threshold.
- For accounts without a nominee, will, or in case of contesting claims, banks can settle: Rs 5 lakh for co-operative banks and Rs 15 lakh for other banks using a simple RBI-mandated form, death certificate, claimant’s verified identity, indemnity bond, and no objection from non-claimant legal heirs.
- For claims above RBI-set limits, banks require succession certificate, death certificate, claimant’s verified identity, indemnity bond, no objection certificate, and legal heir certificate.
- RBI has set a 15-day deadline for banks to settle deposit claims after receiving all required documents.
- For lockers and safe custody articles, banks must contact claimants and set an inventory date within 15 days.
- Delays in settlement attract penalties: interest at bank rate + 4% per annum for deposits and Rs 5,000 per day for lockers and safe custody items.
India’s Industrial Production Rises by 4.0% in August 2025
- India’s industrial output grew 4.0% year-on-year in August 2025, showing expansion but uneven momentum.
Key Highlights :
- Index of Industrial Production (IIP) rose 4.0% in August, slightly below the 5% forecast.
- July 2025 IIP was revised upward to 4.3%, showing resilience despite weak demand and investment.
- The mining sector grew 6.0% in August, rebounding from a 7.2% contraction in July.
- Manufacturing grew 3.8%, slowing from 6.0% in July, indicating weaker domestic demand.
- Electricity output increased 4.1%, compared to 3.7% in July.
- Consumer durables grew 3.5%, showing moderate discretionary demand.
- Consumer non-durables declined sharply by 6.3%, raising concerns for essential goods consumption.
- Capital goods grew 4.4%, lower than 6.8% in July, reflecting weak private investment.
- Infrastructure/construction goods rose strongly by 10.6%, supported by government-led capital expenditure.
- Industrial output grew 2.8% during April–August FY 2025–26, a slowdown from 4.3% in the same period last year.
- Strengths lie in mining and infrastructure, supported by government investment and festive demand.
- Weaknesses include manufacturing slowdown and decline in consumer non-durables, reflecting fragile rural and household demand.
- Private investment remains cautious, as seen in slower capital goods growth.
Reserve Bank of India to Conduct Special Cheque Truncation System Clearing on 3rd October Ahead of Continuous Settlement Launch on 4th October 2025
- The Reserve Bank of India (RBI) announced a special clearing in the Cheque Truncation System (CTS) on 3rd October 2025 to facilitate the transition to a continuous clearing and settlement mechanism starting from 4th October 2025.
- Under the new system, all cheques deposited between 10 AM and 4 PM will be scanned instantly and sent to the central clearing house, instead of waiting for an end-of-day run.
- The special clearing timings are a Presentation Session from 11:00 AM to 03:00 PM and a Return Session from 05:00 PM to 08:00 PM.
- Banks must use clearing type “99” and session numbers “21” for presentation and “22” for return to process cheques correctly.
- The RBI confirmed settlement will be processed for both sessions, and banks must maintain adequate balances in their settlement accounts.
- This order was issued under Section 10(2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
- Under CTS, cheque processing locations are consolidated into three grids – Chennai, Mumbai, and New Delhi, covering all banks in their jurisdiction.
- The Positive Pay System (PPS) by NPCI is an additional security measure in CTS to prevent cheque-related frauds, and banks must enable it for cheques of ₹50,000 and above, while it may be made mandatory for cheques of ₹5,00,000 and above.
- In CTS, three images of each cheque are captured: front Gray Scale, front Black & White, and back Black & White, and customers should use image-friendly coloured ink to ensure clarity.
- To meet legal requirements, presenting banks that truncate cheques must preserve the physical instruments for 10 years.
Life insurance corporation Marks 69th Anniversary Celebration on 1st September 2025, Completing Nearly Seven Decades of Service in Insurance and Finance
- Life insurance corporation (LIC) celebrated its 69th Anniversary on 1st September 2025, marking nearly seven decades of service in life insurance and finance.
- LIC is India’s leading life insurer and has emerged as the fastest-growing Indian brand with 36% growth as per Brand Finance 2025 Report.
Key Highlights :
- LIC continues to hold 65.83% market share in Policies and 57.05% in First Year Premium Income in FY 2024-25.
- LIC’s Assets Under Management (AUM) rose by 6.45% to ₹54.52 lakh crore.
- LIC offers a comprehensive portfolio of 35 individual products, 12 group products, 7 individual riders, and 1 group rider, catering to diverse segments of society.
- Golden Jubilee Foundation (GJF), established in 2006, has disbursed ₹283 crore in 926 projects and 30,835 scholarships worth ₹80.62 crore so far.
- LIC enhanced its digital platforms with 2.40 crore registered users on the Customer Portal & Mobile App, introduced LIC Digital NRI App, QR-based collections, and WhatsApp-enabled services.
- LIC expanded AI capabilities with LIC Mitra 2.0 chatbot (multilingual, in 10 Indian languages) and launched the Jeevan Saakshya app for digital life certificates (over 50,000 issued).
- LIC received 22 Awards in 2024-25 for innovations in digital transformation, customer service, rural inclusion, e-business, claims settlement, and more.
- Major rankings in 2024-25:
- No. 1 Trusted Brand (Reader’s Digest Trusted Brand 2024).
- 2nd Rank in Fortune 500 India 2024 (up from 3rd).
- 3rd Strongest Insurance Brand globally (Brand Finance Insurance 100 – 2025).
- LIC has international presence in 11 countries and operates through subsidiaries like LIC HFL, LIC Mutual Fund, LIC Pension Fund, LIC Cards, and IDBI Bank.
- LIC reaffirmed its guiding principle “Yogakshemam Vahamyaham – Your welfare is our responsibility”, highlighting its customer-centric mission.
US Emerges as Largest Source of Foreign Direct Investment Equity Inflows into India in Q1 FY26 with ₹48,104 Crore
- In Q1 FY26, the United States became the largest source of Foreign direct investment (FDI) equity inflows into India, contributing ₹48,104 crore, a 282% increase from the previous year.
- Singapore followed with ₹39,284 crore, while Mauritius fell to third place at ₹17,791 crore, reflecting tighter regulatory scrutiny and tax compliance changes in both countries.
- The surge in US investments is driven by major commitments like Microsoft’s ₹25,587 crore investment in cloud and AI infrastructure, and Apple’s manufacturing expansions via Tata Electronics in Tamil Nadu and Foxconn in Bengaluru.
- Newer offshore hubs such as the Cayman Islands (₹5,790 crore) and Cyprus (₹9,514 crore) are gaining traction due to zero-tax regimes, flexible fund structuring, and operational efficiency.
India Targets Five-Fold Expansion of Space Sector to $44 Billion by 2033
- India’s space sector is projected to grow five-fold to $44 billion by 2033, driven mainly by downstream services such as Earth Observation (EO), SatCom, and NavIC.
- These satellite-enabled services are applied in telecommunication, agriculture, disaster management, urban planning, and governance, boosting national resilience.
- India’s share in the global space economy is targeted to rise from 2% to 8% by 2033, within a $1.8 trillion global market by 2035.
- Growth is supported by ISRO, private players, nearly 200 startups, and institutional reforms like IN-SPACe, which improve procurement and asset utilisation.
- India plans to strengthen defence, disaster response, and rural development through 52 dedicated ISR satellites and integration of space applications in governance.
Pension Fund Regulatory and Development Authority Issues Draft Proposal Introducing Major Changes to National Pension System
- The Pension Fund Regulatory and Development Authority (PFRDA) released a draft proposal with significant changes to the National Pension System (NPS).
- Exit from NPS will be allowed after 15 years, instead of waiting until 60 years or retirement under the old rules.
- The mandatory annuity purchase requirement may be reduced from 40% to 20% of the corpus for non-government NPS subscribers.
- Deferral of annuity or lump sum withdrawal will be allowed up to the age of 85 years.
- Subscribers can make up to 6 partial withdrawals, with a 4-year gap between each withdrawal.
- Loans against NPS accounts will now be permitted by marking a lien, a new facility not available earlier.
- Voluntary exit without annuity will be allowed if the corpus is up to ₹4 lakh (earlier ₹2.5 lakh).
- Full withdrawal without annuity will be possible if the total corpus is up to ₹12 lakh.
- The maximum age to continue NPS will increase from 75 to 85 years.
- Subscribers joining after 60 years must annuitize at least 20% of their savings, keeping NPS retirement-focused.
CURRENT AFFAIRS : INTERNATIONAL NEWS
8th India International Tea Convention and 132nd UPASI Annual Conference to be Held in Kochi from September 18–20, 2025
- The 8th edition of India International Tea Convention and the 132nd UPASI annual conference will be held in Kochi at Grand Hyatt from September 18–20, 2025.
- The event is being organised with the support of the Tea Board of India, industry associations, and stakeholders.
- A Specialty Tea Competition will be featured to showcase the diversity and craftsmanship of India’s finest teas.
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
Shirish Chandra Murmu named as Reserve Bank of India Deputy Governor for a three-year term
- The Government of India appointed Shirish Chandra Murmu as Deputy Governor of RBI, effective 9th October 2025, for a 3-year tenure, succeeding Rajeshwar Rao.
- His appointment was approved by the Appointments Committee of the Cabinet (ACC), headed by the Prime Minister with the Home Minister as a member.
- Murmu joined RBI in 1991 and has held roles in Banking Regulation, Currency Management, and Information Technology, apart from serving as Regional Director.
- He was Executive Director at RBI before being appointed Deputy Governor.
- As per the RBI Act, 1934, RBI must have 4 Deputy Governors: 2 from within RBI, 1 from commercial banking, and 1 economist for monetary policy.
- The current Deputy Governors are Rabi Sankar, Swaminathan J, Poonam Gupta, and now Shirish Chandra Murmu.
- Murmu is expected to handle banking regulation, financial markets, and monetary policy, though his portfolio will be finalized later.
- The RBI Deputy Governors’ key roles include Monetary Policy, Financial Market Regulation, Banking Supervision, Payment Systems, and Risk Management.
- This leadership transition ensures policy continuity, strengthens RBI’s regulatory framework, and supports India’s economy amid challenges like global volatility, rupee management, and financial sector reforms.
- RBI fixed structure: Governor + 4 Deputy Governors as part of top central banking leadership.
Sudhanshu Vats of Pidilite Industries appointed Chairman of Advertising Standards Council of India at 39th AGM
- Sudhanshu Vats, Managing Director, Pidilite Industries Limited, has been appointed as the new Chairman of the Advertising Standards Council of India (ASCI) at its 39th Annual General Meeting (AGM).
- ASCI, India’s self-regulatory body for advertising, will be completing 40 years in October 2025, making this a milestone year.
- Subramanyeswar, Chief Strategy Officer at MullenLowe Global, has been appointed as Vice-Chairman.
- Paritosh Joshi, Principal at Provocateur Advisory, was named Honorary Treasurer.
- To mark its 40th year, ASCI announced several key initiatives that will be taken up in the next year.
CURRENT AFFAIRS: NATIONAL AND STATE NEWS
India and Bhutan Approve First Cross-Border Railway Links
- India and Bhutan have approved their first-ever cross-border railway projects—Kokrajhar–Gelephu and Banarhat–Samtse—to strengthen economic, strategic, and cultural cooperation.
- These links are expected to boost trade, connectivity, and diplomatic ties between the two Himalayan neighbours.
Key Features & Significance
- Kokrajhar–Gelephu Line: 70 km, ₹3,456 crore; connects Assam’s Kokrajhar district with Gelephu in Sarpang, Bhutan; includes six stations and nearly 100 bridges. Gelephu is being developed as a “Mindfulness City”, gaining better access to Indian markets and ports.
- Banarhat–Samtse Line: 20 km, ₹577 crore; connects West Bengal’s Banarhat with Samtse, Bhutan; includes two stations and ~25 bridges; supports Samtse’s industrial development.
- Total Investment: ₹4,033 crore.
- Reduces logistics costs, shortens transit times, and integrates Bhutan with Indian ports and global trade networks. Supports industrial growth in Gelephu and Samtse.
- Strengthens India’s role as Bhutan’s key development partner, enhances border connectivity, and counters external strategic influences in South Asia.
- Fast-Tracked Development: Kokrajhar–Gelephu line designated a “Special Railway Project” for faster clearances and land acquisition.
- Aligns with India’s Act East Policy and broader efforts to enhance regional connectivity.
India’s First Integrative Oncology Research and Care Centre Inaugurated
- On the 10th National Ayurveda Day, the Ministry of Ayush inaugurated India’s first Integrative Oncology Research and Care Centre (IORCC) at the All India Institute of Ayurveda (AIIA), Dhargal, Goa.
- The centre combines Ayurveda, Yoga, Panchakarma, and modern oncology to provide holistic cancer rehabilitation, focusing on evidence-informed, patient-centric care.
Key Highlights
- Integrative Approach: Blends traditional Ayush systems with modern oncology to reduce chemotherapy and radiation side effects, strengthen immunity, and improve quality of life.
- Holistic Healing Model: Offers Ayurveda and Panchakarma for detoxification, Yoga and physiotherapy for physical and mental recovery, diet therapy for cancer patients, and modern oncology treatments including chemotherapy and surgery.
- Collaborations: Partnered with ACTREC (Advanced Centre for Treatment, Research and Education in Cancer), part of the Tata Memorial Centre, ensuring therapies are guided by scientific research and safety protocols.
- Research and Training: IORCC will focus on developing validated integrative protocols, building AYUSH-based cancer care capacity, and training healthcare professionals across systems, aligning with the government’s Centres of Excellence under the Ayush mission.
World Food India 2025 Concludes with Record Investments
- India’s flagship food processing summit, World Food India 2025, concluded in New Delhi with investment commitments exceeding ₹1.02 lakh crore.
- Organized by the Ministry of Food Processing Industries (MoFPI), the four- day event attracted 26 major domestic and international companies, all signing Memoranda of Understanding (MoUs) to strengthen India’s food ecosystem.
- The event is expected to generate over 64,000 direct jobs and more than 10 lakh indirect employment opportunities.
Key Highlights
- Investment & Employment: MoUs worth ₹1.02 lakh crore, with 26 companies participating; projected 64,000 direct jobs and 10 lakh+ indirect jobs.
- Sectors Covered: Dairy, meat & poultry; packaged foods & ready-to-eat products; spices, condiments & confectionery; edible oils, beverages; fruits, vegetables, and agro-processing.
- Pan-India Reach: Investments involve Gujarat, Maharashtra, Uttar Pradesh, Punjab, Bihar, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Madhya Pradesh, Odisha, Rajasthan, West Bengal, Assam, Uttarakhand, Chhattisgarh, Jammu & Kashmir, and Northeastern states.
- Significance: Reinforces India’s position among top global food producers, aligns with Atmanirbhar Bharat and Make in India, and boosts employment, farmer income, and agro-export growth.
- Event Background: First held in 2017, facilitated by Invest India, MoFPI’s flagship initiative continues to attract domestic and foreign investment into the food processing sector.
India’s Free Trade Agreement with EFTA Nations to Come into Force
- India will operationalize its first Free Trade Agreement (FTA) with a European bloc as the Trade and Economic Partnership Agreement (TEPA) with EFTA countries—Switzerland, Norway, Iceland, and Liechtenstein—comes into effect from 1st October 2025.
- Announced by Union Minister Piyush Goyal, the agreement aims to boost trade, investment, and technology collaboration between India and high-income European markets.
Key Highlights
- Market Access & Tariff Benefits: Phased tariff reductions on goods, enhanced access in services, investment facilitation, and intellectual property protections.
- Investment Commitment: EFTA nations will invest $100 billion over 15 years, promoting technology transfer, innovation, and skill development.
- Boost to Exports: Indian sectors like pharmaceuticals, textiles, gems & jewellery, auto components, and chemicals gain preferential market access.
- Job Creation & Supply Chains: Expected to generate up to 1 million jobs and integrate India into European supply chains in pharma, engineering, and clean technologies.
- Opportunities & Challenges: Encourages R&D collaboration, start-up funding, and green manufacturing, while sensitive sectors like agriculture and dairy remain protected; MSME awareness and competitiveness will be critical.
- Strategic Alignment: Complements India’s $5 trillion economy goal, recent FTAs with UAE and Australia, and domestic reforms like PLI schemes, GST simplification, and infrastructure upgrades.
CURRENT AFFAIRS : DEFENCE NEWS
Indian Army Observes 199th Gunners Day on 28th September
- The Indian Army celebrated the 199th Gunners Day on 28th September 2025, marking the raising of the 5 (Bombay) Mountain Battery in 1827.
- Gunners Day is celebrated annually on 28th September, as the 5 (Bombay) Mountain Battery has been in uninterrupted service since its raising.
- The celebration honors the legacy, service, and sacrifices of the Regiment of Artillery, one of the most distinguished arms of the Indian Army.
- A wreath-laying ceremony was held at the National War Memorial, New Delhi, where Lt Gen Adosh Kumar, Director General Artillery and Senior Colonel Commandant, along with veterans and serving personnel, paid homage to fallen heroes.
- Army Chief General Upendra Dwivedi conveyed greetings and best wishes to all ranks, veterans, and families of the Regiment of Artillery.
- The Regiment of Artillery is undergoing modernization and indigenization under the vision of Atmanirbhar Bharat (Self-Reliant India).
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
Sound Detection and Ranging System Developed by CSIR-AMPRI Inaugurated at India Meteorological Department
- On CSIR’s Foundation Day (26th September 2025), the SODAR (Sound Detection and Ranging) system developed by CSIR-AMPRI Bhopal was inaugurated at the India Meteorological Department (IMD), Delhi.
- A Memorandum of Understanding (MoU) was signed between CSIR-AMPRI and IMD to strengthen collaborative research in climate and environmental studies, promote data sharing, and enhance forecasting, disaster risk reduction, and meteorological research in India.
- The CSIR-Advanced Materials and Processes Research Institute (AMPRI), Bhopal, formerly known as the Regional Research Laboratory, was established in May 1981 in Bhopal, Madhya Pradesh.
Third Edition of HDSR Star Party Held at Hanle Dark Sky Reserve, Ladakh from 18–23 September 2025
- The third edition of the HDSR Star Party was held from 18–23 September 2025 at the Hanle Dark Sky Reserve (HDSR), Ladakh, jointly organised by the Indian Institute of Astrophysics (IIA), the Wildlife Department of UT Ladakh, and BARC.
- The Hanle Dark Sky Reserve (HDSR) was notified in December 2022 by the Government of Ladakh as India’s first International Dark Sky Reserve.
- HDSR is centred around the Indian Astronomical Observatory (IAO) at Hanle, managed by the IIA under the Department of Science and Technology (DST).
- It is located within the Changthang Wildlife Sanctuary at 4,500 metres altitude, offering Bortle-1 skies, the darkest category for stargazing.
- The Star Party 2025 attracted astronomy enthusiasts from across India, who engaged in astrophotography, visual observations, and expert-led masterclasses.
- A highlight was the presentation of the “7 Wonders of the HDSR Night Sky”, compiled by Ajay and Neelam Talwar.
- The event included daily medical checks for participants due to the high altitude and low oxygen levels.
- The Open Night on the final day allowed 300+ local villagers, tourists, and army personnel to view celestial objects through telescopes.
- 24 Astronomy Ambassadors from local villages, trained as astro-tourism guides, participated actively by sharing their telescopes and knowledge.
CURRENT AFFAIRS: SPORTS NEWS
India Wins 9th Asia Cup Title with Thrilling Victory Over Pakistan
- India clinched their ninth Asia Cup title at the Dubai International Stadium, defeating Pakistan by five wickets in a match that lived up to the historic rivalry.
- Chasing a modest total of 147, India recovered from a precarious 20 for 3 to reach 150 for 5, thanks to a composed 69 not out from Tilak Varma and a crucial 33-run cameo by Shivam Dube.
- The final was hailed as one of the most gripping India-Pakistan encounters in recent years.
Key Highlights
- Pakistan’s Collapse: After a strong start at 107/1, Pakistan lost 9 wickets for 39 runs, with Kuldeep Yadav taking 4/30 and Varun Chakravarthy breaking the partnership of Farhan and Fakhar.
- Tilak Varma’s Match-Winning Innings: Came in under pressure, absorbed the chase, and accelerated with 17 runs in a single over off Haris Rauf, finishing unbeaten on 69 runs.
- Shivam Dube’s Crucial Cameo: Scored 33 runs with two vital sixes and contributed with the ball, bowling three economical overs.
- Other Notable Performances: Axar Patel took 2 wickets, and Rinku Singh sealed the win with a boundary.
Awards and Records
- Man of the Match: Tilak Varma
- Most Valuable Player of Tournament: Kuldeep Yadav
- Player of the Tournament: Abhisek Sharma
- Historic Context: First India-Pakistan Asia Cup final in 41 years, played amid heightened political and fanfare tension.
- India’s Record: 9 Asia Cup titles, the most by any team; Sri Lanka has 6 titles, Pakistan 2.
- Venue: Dubai International Stadium, UAE.
India Wins 7th SAFF U-17 Championship Title
- India’s U-17 football team secured their 7th SAFF U-17 Championship title in Colombo, defeating Bangladesh in a thrilling final.
- The match ended 2-2 in regulation time, with India prevailing 4-1 in the penalty shootout at the Racecourse International Stadium, showcasing composure and skill under pressure.
Key Highlights
- First Half: India led 2-1 at halftime with goals from Dallamuon Gangte and Azlaan Shah KH, while Bangladesh pulled one back before the break.
- Second Half: Bangladesh equalised in the dying minutes through Ihsan Habib Riduan, sending the game to penalties.
- Penalty Shootout: India converted all four penalties, while Bangladesh managed only one, demonstrating maturity and focus.
- India’s Dominance: This is India’s 7th SAFF U-17/U-16 title, reflecting the strengthening youth football ecosystem and effective grassroots development programs.
- Pathway to Senior Team: SAFF youth tournaments continue to be a launchpad for talented players, many of whom progress to the senior national team.
India’s Sheetal Devi Wins Gold at 2025 World Para Archery Championships
- India’s Sheetal Devi (18) clinched her maiden gold medal in the Women’s Compound Open at the 2025 World Para Archery Championships held in Gwangju, South Korea.
- She defeated Türkiye’s Oznur Cure Girdi (three-time world champion & Paralympic gold medallist) with a score of 146–143 in the final.
- This marks a historic moment for Indian para sports, as Sheetal’s victory demonstrates resilience, global competitiveness, and India’s rising stature in para-archery.
Key Highlights
- Medal Haul:
- Gold – Women’s Compound Open (Individual).
- Silver – Women’s Compound Open Team (with Sarita), lost final to Türkiye.
- Bronze – Compound Mixed Team Open (with Toman Kumar), defeating Britain’s pair Nathan MacQueen & Jodie Grinham.
- Total – 3 medals at the World Championships.
- Gold Medal Match:
- Both archers tied in the 1st end (29–29).
- Sheetal surged ahead with a perfect 30–27 in the 2nd end.
- Maintained lead into the final round, sealing victory with a flawless 30, finishing 146–143.
- About Sheetal Devi:
- Born in 2007, Kishtwar (J&K); born with phocomelia (absence of both arms).
- Shoots using legs and chin technique.
- Arjuna Awardee (2023), one of the youngest recipients.
- Won bronze at Paris 2024 Paralympics (Mixed Team Compound).
- Multiple medals at Asian Para Games and continental events.
- India’s Overall Performance:
- Toman Kumar – Gold in Men’s Compound (opponent Rakesh Kumar retired due to equipment failure).
- Shyam Sunder Swami – narrowly missed bronze against Britain’s Nathan MacQueen.
- Performance signals India’s growing depth in para archery and strong preparations for future global tournaments.
12th World Para Athletics Championship 2025 in New Delhi
- The 12th World Para Athletics Championship 2025 began at Jawaharlal Nehru Stadium (JLN), New Delhi, and will continue till October 5, 2025.
- This is the first time India is hosting the championship, which features 1,000+ para-athletes from over 100 countries and a strong Indian contingent of 70+ athletes.
- The event includes 186 medal events – 101 Men’s, 84 Women’s, and 1 Mixed – across track and field disciplines.
- It also serves as a qualifier for the 2028 Los Angeles Paralympics.
Key Highlights
- Indian Athletes:
- Deepthi Jeevanji – Reached Women’s 400m T20 medal round with a season’s best of 58.35 seconds.
- Sumit Antil – Javelin Paralympic gold medallist, targeting a third consecutive gold at World Championships.
- Dharambir Nain – Paris 2024 Paralympics gold medallist in club throw and India’s flag bearer.
- Preeti Pal – Double Paralympics bronze medallist sprinter and flag bearer.
- Praveen Kumar (high jump) and Navdeep (javelin) – Strong medal prospects.
- International Stars: Athanasios Ghavelas (Greece, sprint), Ezra Frech (USA, high jump & sprints), James Turner (Australia, middle distance), Catherine Debrunner (Switzerland, wheelchair racing), Fleur Jong (Netherlands, sprints & long jump), and Magdalena Andruszkiewicz (Poland, throws).
- Static GK:
- Organized by the International Paralympic Committee (IPC).
- Inaugural edition: 1994, Berlin, Germany.
- Held every two years.
- 11th edition: 2023, Paris, France.
- India hosting for the first time in 2025.
- Top performers traditionally include USA, China, Brazil, Great Britain, and Ukraine.
CURRENT AFFAIRS: IMPORTANT DAYS
International Day of Older Persons is observed on 1st October
- The International Day of Older Persons is observed every year on 1st October.
- According to the United Nations a person who is over 60 years old is referred to as an Older Person.
History
- In 1990, the United Nations General Assembly adopted resolution 45/106 and declared October 1 as the International Day of Older Persons.
- This day was first observed on October 1, 1991.
- In 1982, the World Assembly on Ageing adopted the Vienna International Plan of Action on Ageing to initiate the International Day of Older Persons.
World Vegetarian Day is observed on the 1st of October.
- World Vegetarian Day is observed on the 1st of October of every year.
- A person who does not eat any meat, fish, or poultry is referred to as a vegetarian. Vegetarians eat vegetables, fruits, seeds, whole grains, tofu, spinach, etc,
History
- In 1977, the North American Vegetarian Society (NAVS) founded World Vegetarian Day.
- In 1978, the International Vegetarian Union endorsed the World Vegetarian Day.
- According to the North American Vegetarian Society, World Vegetarian Day was observed in order to create some awareness about the health, humanitarian, and ethical of a vegetarian lifestyle.
- World Vegetarian Day aims to promote life enhancing possibilities and the joy of eating vegetarian dishes.
The International Coffee Day is observed on 1st October
- The International Coffee Day is observed on 1st October of every year.
- The coffee originates from the Horn of Africa and South Arabia. Coffee is a beverage which is prepared from roasted coffee beans.
- The theme for International Coffee Day 2025 is “Embrace Collaboration For Collective Action – More Than Ever”.
History
- The International Coffee Day was first declared by the International Coffee Organisation. The International Coffee Organisation was started in the year of 1963. This day was launched in Milan.
- In 1977, the International Coffee Association celebrated International Coffee Day in China.
- The United States declared the National Coffee Day in the year of 2005. Similarly different countries celebrated Coffee Day on different dates.
- So in 2015, the International Coffee Organisation officially announced that International Coffee Day is celebrated on October 1.
Daily CA One- Liner: October 1
- India and Bhutan have approved their first-ever cross-border railway projects—Kokrajhar–Gelephu and Banarhat–Samtse—to strengthen economic, strategic, and cultural cooperation.
- On the 10th National Ayurveda Day, the Ministry of Ayush inaugurated India’s first Integrative Oncology Research and Care Centre (IORCC) at the All India Institute of Ayurveda (AIIA), Dhargal, Goa
- India’s flagship food processing summit, World Food India 2025, concluded in New Delhi with investment commitments exceeding ₹1.02 lakh crore
- India will operationalize its first Free Trade Agreement (FTA) with a European bloc as the Trade and Economic Partnership Agreement (TEPA) with EFTA countries—Switzerland, Norway, Iceland, and Liechtenstein—comes into effect from 1st October 2025
- India clinched their ninth Asia Cup title at the Dubai International Stadium, defeating Pakistan by five wickets in a match that lived up to the historic rivalry.
- India’s U-17 football team secured their 7th SAFF U-17 Championship title in Colombo, defeating Bangladesh in a thrilling final.
- India’s Sheetal Devi (18) clinched her maiden gold medal in the Women’s Compound Open at the 2025 World Para Archery Championships held in Gwangju, South Korea
- The 12th World Para Athletics Championship 2025 began at Jawaharlal Nehru Stadium (JLN), New Delhi, and will continue till October 5, 2025.
- The Reserve Bank of India (RBI) has issued standardised guidelines for banks to settle claims of deceased customers, aiming to prevent divergent practices among banks.
- India’s industrial output grew 4.0% year-on-year in August 2025, showing expansion but uneven momentum.
- The Reserve Bank of India (RBI) announced a special clearing in the Cheque Truncation System (CTS) on 3rd October 2025 to facilitate the transition to a continuous clearing and settlement mechanism starting from 4th October 2025.
- Life insurance corporation (LIC) celebrated its 69th Anniversary on 1st September 2025, marking nearly seven decades of service in life insurance and finance.
- In Q1 FY26, the United States became the largest source of Foreign direct investment (FDI) equity inflows into India, contributing ₹48,104 crore, a 282% increase from the previous year.
- India’s space sector is projected to grow five-fold to $44 billion by 2033, driven mainly by downstream services such as Earth Observation (EO), SatCom, and NavIC.
- The Pension Fund Regulatory and Development Authority (PFRDA) released a draft proposal with significant changes to the National Pension System (NPS).
- The 8th edition of India International Tea Convention and the 132nd UPASI annual conference will be held in Kochi at Grand Hyatt from September 18–20, 2025.
- The Government of India appointed Shirish Chandra Murmu as Deputy Governor of RBI, effective 9th October 2025, for a 3-year tenure, succeeding M. Rajeshwar Rao.
- Sudhanshu Vats, Managing Director, Pidilite Industries Limited, has been appointed as the new Chairman of the Advertising Standards Council of India (ASCI) at its 39th Annual General Meeting (AGM).
- The Indian Army celebrated the 199th Gunners Day on 28th September 2025, marking the raising of the 5 (Bombay) Mountain Battery in 1827.
- On CSIR’s Foundation Day (26th September 2025), the SODAR (Sound Detection and Ranging) system developed by CSIR-AMPRI Bhopal was inaugurated at the India Meteorological Department (IMD), Delhi.
- The third edition of the HDSR Star Party was held from 18–23 September 2025 at the Hanle Dark Sky Reserve (HDSR), Ladakh, jointly organised by the Indian Institute of Astrophysics (IIA), the Wildlife Department of UT Ladakh, and BARC.
- The International Day of Older Persons is observed every year on 1st October.
- World Vegetarian Day is observed on the 1st of October of every year.
- The International Coffee Day is observed on 1st October of every year.
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