Daily Current Affairs 14th October 2025 | Latest News | Download PDF

By Ameena Ameena - Oct 14 2025

This post is also available in: हिन्दी (Hindi)

Dear Readers, get to know the daily current affairs today covering all the National & International Events provided here in this article. Current Affairs is an important topic in various competitive exams like IBPS/SBI/PO/Clerk and other competitive exams. To score better in this section, be updated with the daily happenings. Check the Daily Current Affairs October 2025 updates here. Revision is very important in remembering current affairs. Candidates after learning the Daily current affairs 14th October 2025, can test their knowledge by attempting Current Affairs Quiz provided with answers. Daily current affairs 14th October 2025 covers current affairs from International & National news, Important Days, State News, Banking & Economy, Business News, Appointments & Resignation, Awards & Honour, Books & Authors, Sports News, etc.,

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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Reserve Bank of India unveils Unified Markets Interface to tokenize financial assets using wholesale Central Bank Digital Currency

  • The Reserve Bank of India (RBI) has developed the Unified Markets Interface (UMI), a next-generation financial infrastructure enabling tokenization of financial assets using wholesale Central Bank Digital Currency (CBDC).
  • Announced by RBI Governor Sanjay Malhotra during the Global Fintech Fest 2025, UMI aims to enhance market efficiency, security, and financial inclusion through digital public infrastructure.
  • UMI will allow financial assets like bonds and securities to be converted into digital tokens using blockchain technology, facilitating faster settlements, transparency, and fractional ownership.
  • The pilot program showed significant improvements in market efficiency, validating UMI’s potential to transform India’s financial markets.
  • The initiative positions India among global leaders in the use of CBDC for market operations, extending its role beyond payments.

Key Highlights :

Account Aggregator (AA) Framework Update

  • The Account Aggregator (AA) Framework supports data-driven financial inclusion, enabling individuals to safely share financial data with regulated entities.
  • The current AA ecosystem includes 17 Account Aggregators, 650 Financial Information Users (FIUs), 150 Financial Information Providers (FIPs), serving 160 million accounts and processing 3.66 billion data requests.

New Digital Solutions

  • The RBI also launched new digital solutions — UPI HELP (AI-based support using Small Language Models), IoT Payments with UPI (connected device payments), Banking Connect (interoperable net banking interface), and UPI Reserve Pay (fund control and preauthorization feature).
  • These initiatives reinforce RBI’s commitment to building a secure, seamless, and inclusive digital finance ecosystem in India.

HSBC pledges US$ 1 billion to support Indian start-ups through its Innovation Banking initiative

  • Hong Kong and Shanghai Banking Corporation Limited (HSBC) has committed ₹8,880 crore (US$ 1 billion) to support start-ups in India through loans under its Innovation Banking platform.
  • The initiative will provide short-term working capital and term loans to strengthen HSBC’s presence in India’s start-up ecosystem.

Key Highlights :

  • India has become the 13th market globally to get a dedicated innovation banking platform from HSBC.
  • HSBC had earlier allocated ₹444 crore (US$ 50 million) in 2020, which rose to ₹5,328 crore (US$ 600 million) in 2024, and with 80% already committed, the fund has now been increased to ₹8,880 crore (US$ 1 billion).
  • The Innovation Banking Proposition was launched after HSBC’s acquisition of Silicon Valley Bank (UK) in March 2023, to provide banking services, working capital, and term loans for early- and late-stage start-ups.
  • HSBC also funds venture capital (VC) and private equity (PE) funds in India to support the innovation ecosystem.
  • HSBC has over 900 experts worldwide connecting innovation-driven ideas with funding to help scale businesses.
  • Major start-up hubs in India include Bangalore, Delhi, Mumbai, Chennai, Hyderabad, and Pune.
  • HSBC projects that by 2030, Indian start-ups will contribute ₹88,80,000 crore (US$ 1 trillion) to the domestic economy and create 50 million jobs, boosting India’s position as a major tech and innovation hub.

Central Board of Indirect Taxes and Customs Launches Automated IFSC Code Registration System to Boost Ease of Doing Business

  • The Central Board of Indirect Taxes and Customs (CBIC) has introduced system-based auto-approval for IFSC code registration to enhance Ease of Doing Business.
  • Under this new system, registration requests for the same incentive bank account and IFSC code under a particular Importer Exporter Code (IEC) will be automatically approved across multiple Customs locations if already approved at any one location.
  • Manual intervention by Port officers has been eliminated, allowing the system to directly approve such requests.
  • The initiative enables swift processing of bank account and IFSC code approval requests, improving operational efficiency.
  • It ensures faster and seamless credit of export incentives into exporters’ bank accounts, promoting trade facilitation.
  • The move reduces duplication of efforts and pendency of requests at multiple Customs stations.
  • CBIC aims to leverage technology to simplify procedures, reduce transaction costs, and enhance the Ease of Doing Business for India’s trade community.

National Pension System and Atal Pension Yojana Assets Under Management Cross ₹16 Lakh Crore, Marking Milestone in India’s Pension Sector

  • The combined Assets Under Management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed ₹16 lakh crore, marking a major milestone in India’s pension sector.
  • The subscriber base under NPS and APY has surpassed 9 crore, reflecting expanding pension coverage across the country.
  • The Pension Fund Regulatory and Development Authority (PFRDA) has introduced several initiatives to strengthen NPS and enhance pension inclusion.
  • The Multiple Scheme Framework (MSF), effective from 1st October 2025, offers greater investment choice to subscribers, improving flexibility and returns.
  • The NPS Platform Workers Model has been launched to cover gig and platform workers, ensuring retirement benefits for India’s emerging workforce.
  • A Consultation Paper on NPS Overhaul has proposed graded payouts and flexible annuity options to improve retirement adequacy.
  • A targeted outreach drive focuses on farmers, MSME workers, SHG members, and informal sector participants to promote financial inclusion and pension coverage.
  • With this milestone, PFRDA reinforces its commitment to ensuring old-age income security and inclusive pension growth across India.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Prime Minister Lays Foundation for State-of-the-Art Fish Market in Bhubaneswar

  • Prime Minister Narendra Modi laid the foundation stone for a new state-of-the-art fish market in Pandara, Bhubaneswar, during a virtual event.
  • The project is part of a larger initiative to boost Odisha’s fisheries sector.
  • Cost and Funding: The total project cost is ₹59.13 crore, with the Central Government providing ₹30 crore and the State Government contributing the remaining funds.

Key Highlights

  • Area: The market will be developed over approximately 5.80 acres of land.
  • Infrastructure: It will feature modern facilities for both wholesale and retail operations, including a cold storage facility and an ice factory.
  • Timeline: The project is expected to be completed by November 2027.
  • Economic Impact: The market is expected to directly benefit 143 traders and indirectly generate employment for over 2,000 people. It will also help meet the high demand for fish in Bhubaneswar and Cuttack areas.
  • Additional Projects: During the same event, the Prime Minister also laid the foundation stone for an integrated aquaculture park at Basantapur in Sambalpur district, which will be the first of its kind in eastern India.

RECENT NEWS

  • Prime Minister Narendra Modi visited Rameswaram, Tamil Nadu, where he inaugurated and laid the foundation stone for a series of significant infrastructure projects worth over ₹8,300 crore.

About Odisha:

  • Chief Minister: Mohan Charan Majhi
  • Capital: Bhubaneswar
  • National Parks: Simlipal National Park, Bhitarkanika National Park
  • Wildlife Sanctuaries: Chandaka Wildlife Sanctuary, Nandankanan Zoological Park, Kuldiha Wildlife Sanctuary, Debrigarh Wildlife Sanctuary, Kotagarh Wildlife Sanctuary, Lakhari Valley Wildlife Sanctuary, Baisipalli Wildlife Sanctuary

Special Campaign for Disposal of Pending Matters (SCDPM) 5.0 – Department of Pharmaceuticals

  • Under SCDPM 5.0, the Department of Pharmaceuticals (DoP) identified 11,100 Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) across India as Outdoor Cleaning Sites, completing the preparatory phase of target identification.
  • The campaign emphasizes Swachhata (cleanliness) as a key parameter, with all organizations under DoP adopting specific cleanliness targets.

Key Highlights

  • The Pharmaceuticals and Medical Devices Bureau of India (PMBI), implementing the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), plans major cleanliness initiatives covering 11,000 Jan Aushadhi Kendras, in line with guidelines from the Department of Administrative Reforms and Public Grievances (DARPG).
  • In addition to the Swachhata drive, the department is focusing on the disposal of pending matters, including:
    • Member of Parliament (MP) and Prime Minister’s Office (PMO) references
    • State Government communications
    • Parliamentary Assurances
    • Inter-Ministerial references
    • Public Grievances and Appeals
  • Efforts are underway to review and close physical and electronic files, and to optimize workspace utilization by converting idle areas into productive facilities such as canteens, indoor recreation zones, and crèches, enhancing employee welfare and workplace efficiency.
  • Hindustan Antibiotics Limited (HAL) has planned to reclaim 15,000 sq. ft. of office space under SCDPM 5.0.
  • E-waste and scrap material disposal is being undertaken, expected to generate approximately ₹16 lakh in revenue.
  • Across its organizations, the department has compiled 12 Best Practices in categories promoting:
    • Ease of Doing Business
    • Citizen-Centric Governance
    • Environmentally Sustainable and Eco-Friendly initiatives

Siddi Tribal Community Achieves Over 72% Literacy Rate – Lauded by the President of India

  • In a notable recognition of tribal advancement, the President of India praised the Siddi tribal community for achieving a literacy rate exceeding 72%, marking a major milestone in educational inclusion among Particularly Vulnerable Tribal Groups (PVTGs).
  • The Siddis are an Indo-African tribal community in India, descended from the Bantu people of East Africa, and are distinct from other Scheduled Tribes (STs) due to their unique ethnic and cultural heritage.

Key Highlights

  • Historically, the Siddis arrived in India in two main waves — during the 7th century CE with Arab merchants and later in the 16th century CE with Portuguese and British colonialists, often as slaves, servants, blacksmiths, and artisans.
  • Over centuries, they have assimilated into Indian society while maintaining elements of their African cultural identity.
  • The community primarily resides in Gujarat (Junagadh and Gir forest areas), Karnataka (Uttara Kannada district), Maharashtra, and Telangana, often living in remote and forested regions with a relatively small population.
  • In 2003, the Government of India recognised the Siddis as a Scheduled Tribe (ST), and they are also listed under the Centre’s PVTG list, which identifies the most socio-economically disadvantaged tribal groups.
  • As a PVTG, Siddis receive special developmental schemes, including educational support and livelihood assistance aimed at improving their living standards.
  • The community speaks Konkani, Urdu, and Marathi, depending on the region, and their main occupations include agriculture, manual labour, and collection of minor forest produce.
  • Many Siddis also work as daily wage earners in urban areas and have gained recognition for their traditional crafts and cultural performances.
  • Their cultural heritage is deeply rooted in African musical and dance traditions, most notably the Dhamal dance, a high-energy rhythmic folk performance, and Rasda, a community celebration dance.
  • The achievement of over 72% literacy among Siddis signifies successful educational outreach, increased school enrolment, and effective government intervention for tribal empowerment.
  • This progress is expected to lead to better employment prospects, stronger social participation, and greater socio-economic upliftment for the community.

Semiconductor Innovation Museum Inaugurated in Hyderabad

  • The Semiconductor Innovation Museum was inaugurated on October 12, 2025, in Hyderabad by the Technology Chip Innovation Program (T-Chip), marking a landmark development for India’s tech sector.
  • It is India’s first Semiconductor Innovation Museum, established to enhance public engagement and industry collaboration in the semiconductor and electronics ecosystem.

Key Highlights

  • The museum aims to showcase India’s growing capabilities in semiconductor design and manufacturing, act as a hub for innovation, investment, and talent discovery, and inspire the next generation of engineers, developers, and policymakers.
  • It will also host monthly demo days, global showcases, and networking events for investors and technology leaders, strengthening Hyderabad’s role as an emerging semiconductor innovation cluster.
  • The exhibits include India’s first indigenous Artificial Intelligence (AI) chip, AI-powered humanoid robots, robotic pet companions, a reusable rocket engine prototype, and next-generation Electric Vehicle (EV) technology and smart display systems.
  • These exhibits highlight India’s advancements in semiconductor applications across defence, space, mobility, and consumer technology sectors.
  • The initiative aligns with India’s policy-level programs such as the India Semiconductor Mission (ISM), Production Linked Incentive (PLI) schemes for electronics manufacturing, and start-up and design incubators under Digital India.
  • The launch comes amid global chip shortages, a geopolitical push for supply chain resilience, and rising demand for EVs, 5G, Internet of Things (IoT), and AI-driven products.
  • Hyderabad continues to strengthen its position as a national semiconductor hub, with a strong presence in fabless chip design, advanced electronics manufacturing, AI, and deep-tech research and development (R&D).
  • The city hosts major global players such as AMD, Qualcomm, and now T-Chip’s innovation ecosystem, further consolidating its status as a key semiconductor centre in India.

About Telangana:

  • Capital: Hyderabad
  • Chief Minister: Anumula Revanth Reddy
  • National Parks: Kasu Brahmananda Reddy National Park, Mrugavani National Park, Mahavir Harina Vanasthali National Park
  • Wildlife Sanctuaries: Kawal Wildlife Sanctuary, Pocharam Wildlife Sanctuary, Manjira Wildlife Sanctuary

India’s Largest School Hackathon ‘Viksit Bharat Buildathon 2025’ Begins

  • ‘Viksit Bharat Buildathon 2025’ will be held marking India’s largest school hackathon.
  • It is a nationwide initiative that invites schools and teachers to empower students from Classes 6 to 12 to showcase their creativity and problem-solving skills.

Key Highlights

  • The event aims to strengthen the culture of innovation at the school level by encouraging students to ideate or build prototypes on four key themes – Atmanirbhar Bharat (Self-Reliant India), Swadeshi (Indigenous), Vocal for Local, and Samriddh Bharat (Prosperous India).
  • The hackathon is organised by the Ministry of Education, in collaboration with the Atal Innovation Mission (AIM) and NITI Aayog (National Institution for Transforming India).
  • The event will be live-streamed nationwide through the official portals – vbb.mic.gov.in and schoolinnovationmarathon.org/registration.
  • The Buildathon features a ₹1 crore award pool, which will be distributed among:
    • 10 National-level winners
    • 100 State-level winners
    • 1,000 District-level winners

CURRENT AFFAIRS: AWARDS AND HONOURS

Nobel Prize in Economic Sciences 2025 – Awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt

  • The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking work on innovation-driven economic growth.
  • Their research explains how technological progress and creative destruction have transformed economies from stagnation to sustained prosperity over the past two centuries.
  • The prize was announced by the Royal Swedish Academy of Sciences, with a total prize amount of 11 million Swedish kronor, distributed as half to Joel Mokyr and half jointly to Philippe Aghion and Peter Howitt.
  • Joel Mokyr (Northwestern University, USA) analysed historical evidence to explain why innovation became self-sustaining after the Industrial Revolution, highlighting the importance of scientific knowledge, cultural openness, and societal acceptance of change.
  • Philippe Aghion (Collège de France, INSEAD, London School of Economics) and Peter Howitt (Brown University, USA) developed the theory of creative destruction, showing how new innovations replace old technologies, driving productivity and economic growth while also creating economic conflicts that societies must manage to prevent innovation blockage.
  • Their combined work has redefined long-term economic growth theory, emphasizing the importance of innovation policies, education, and institutional support to maintain economic dynamism.
  • The committee highlighted that economic growth cannot be taken for granted, and societies must uphold creative destruction mechanisms to avoid stagnation.
  • About the Laureates:
    • Joel Mokyr – Born 1946, Leiden, Netherlands; Ph.D., Yale University (1974).
    • Philippe Aghion – Born 1956, Paris, France; Ph.D., Harvard University (1987).
    • Peter Howitt – Born 1946, Canada; Ph.D., Northwestern University (1973).

Forest Rangers Worldwide Honored for Ultimate Sacrifice in Protecting Wildlife and Forests

  • The 2025 International Ranger Awards celebrated the unmatched courage and dedication of forest rangers, who serve as the first and last line of defense for global biodiversity.
  • The awards were presented by the International Union for Conservation of Nature (IUCN) World Commission on Protected Areas (WCPA) to honour rangers for their service in wildlife protection and forest conservation.

Key Highlights

  • Rangers from 13 countries, including Ukraine, Burkina Faso, and St. Vincent and the Grenadines, were recognised for their exceptional contribution to protecting fragile ecosystems.
  • The awards aim to highlight the sacrifices of rangers and to bring global attention to the dangers and duties they shoulder daily.
  • A total of 13 individual rangers and teams were honoured, each receiving financial support between USD 5,000 and USD 25,000.
  • The awards were organised by IUCN WCPA, with support from the Wildlife Trust of India and other international partners.
  • The main objective of the initiative is to recognise frontline conservation work and raise awareness about the risks rangers face in their line of duty.
  • During the ceremony, Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh launched a report titled “Guardians of the Wild”, which provides key insights into:
    • The daily challenges and complex threats faced by rangers, such as poaching, illegal logging, wildlife trafficking, and wildfires.
    • The role of rangers in monitoring wildlife, managing habitats, and engaging local communities for conservation.
  • The report and awards underline that forest rangers often work under dangerous conditions, including exposure to armed traffickers, illegal loggers, harsh terrain, isolation, wildlife encounters, and natural disasters.
  • Despite their vital role, rangers worldwide often operate with limited safety measures, training, and financial support.
  • The 2025 International Ranger Awards and the Guardians of the Wild report together reflect growing global awareness that:
    • Conservation success depends on protecting and empowering rangers.
    • Indigenous and local knowledge are crucial for sustainable environmental protection.
    • Ranger safety, welfare, and training must be made core priorities in all conservation programs.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Rishi Sunak Appointed as Senior Adviser to Microsoft and Anthropic

  • Former United Kingdom (UK) Prime Minister Rishi Sunak has joined Microsoft and Anthropic, a leading artificial intelligence company, as a Senior Adviser, marking his shift from public office to global corporate engagement.
  • These are part-time, non-policy roles where Sunak will provide strategic guidance on macroeconomic and geopolitical trends.
  • His appointments were announced in October 2025, and he described both as the “world’s leading tech firms.”

Roles and Responsibilities

  • At Anthropic, Sunak will advise on strategy and geopolitical trends and work on internal corporate strategy without engaging in UK policy matters.
  • At Microsoft, his responsibilities include providing insights on macroeconomic developments and participating in corporate summits, including the Microsoft Annual Summit.
  • These appointments reflect a global trend of former leaders taking strategic advisory roles in the tech sector, especially where AI, data, and innovation policy intersect.
  • Both are paid roles, but Sunak will donate 100% of his earnings to The Richmond Project, a UK-based charity he founded with Akshata Murty, focusing on improving numeracy and confidence in mathematics.
  • The donation aims to avoid public criticism related to corporate profits after politics.
  • ACOBA (Advisory Committee on Business Appointments) has approved both appointments under strict ethical conditions.
  • ACOBA conditions prohibit lobbying or contact with UK officials on behalf of the companies and restrict him from advising on UK-specific policy matters.
  • These measures ensure no conflict of interest and protect the integrity of government processes.

Blackstone Launches India Credit Platform, Names Apurva Shah as Managing Director

  • Global investment firm Blackstone announced the launch of its India credit platform, marking a major expansion of its global credit business into one of its fastest-growing markets.
  • Apurva Shah was appointed as Managing Director to lead private credit origination operations in India.
  • Apurva Shah, based in Mumbai, has over 26 years of experience in finance, having worked with Deutsche Bank, Citigroup, DSP Merrill Lynch, and Dresdner Kleinwort Benson.
  • He will lead Blackstone’s India operations under the Blackstone Credit & Insurance (BXCI) vertical and report to Mark Glengarry, Head of Asia Pacific Private Credit Strategies.
  • His role includes building relationships with Indian borrowers, identifying lending opportunities, and expanding Blackstone’s footprint in the alternative credit market.
  • The move highlights Blackstone’s long-term commitment to India, where it manages over $50 billion in assets and has two decades of investment experience.
  • BXCI is the world’s largest third-party credit platform, managing $484 billion in assets
  • BXCI’s offerings include direct lending, leveraged finance, real estate-backed loans, investment-grade private credit, and asset-based finance.
  • With the India expansion, BXCI strengthens its Asia-Pacific network, which already includes Japan, Australia, Singapore, and Hong Kong.

CURRENT AFFAIRS : DEFENCE NEWS

Indian Navy Inaugurates ‘Trinetra’ Static Firing Facility for Naval Weapon Testing at Bheemunipatnam

  • ‘Trinetra’ Static Firing Facility for testing Naval Weapon Systems was inaugurated at Naval Station Bheemunipatnam, near Visakhapatnam by Vice Admiral Rajesh Pendharkar, FOC-in-C, Eastern Naval Command.
  • The facility has been indigenously designed and developed, reducing dependence on foreign OEMs and ensuring sustained operational capability of Naval Armament.
  • It will enable scientific assessment of combat-worthiness by capturing and recording key performance parameters of missiles, rockets, and related systems.
  • The facility enhances the reliability and precision of Naval Weapon Systems in achieving operational objectives.
  • The commissioning of ‘Trinetra’ marks a major milestone in India’s naval weapon testing infrastructure and strengthens the commitment to Aatmanirbharta (self-reliance).
  • It will significantly boost combat readiness and mission capability of the Indian Navy.

INS Abhay and Fast Attack Craft T-82 Decommissioned After Over Three Decades of Naval Service

  • Indian Naval Ship Abhay and Indian Naval Fast Attack Craft (INFAC) T-82 were decommissioned at Naval Dockyard, Mumbai on 06 October 2025 after serving over three decades in the Indian Navy.
  • The ceremony was presided over by Vice Admiral Krishna Swaminathan, Flag Officer Commanding-in-Chief, Western Naval Command, and attended by senior officers, veterans, and former crew members.

Key Highlights :

INS Abhay (Pauk II Class Corvette)

  • INS Abhay, a Soviet Pauk II class anti-submarine corvette, was commissioned on 10 March 1989 at Poti, Georgia (USSR) and played a major role in anti-submarine surveillance, patrols, and coastal defence operations.
  • The ship effectively used its ASW (Anti-Submarine Warfare) sensors and weapon suite during its operational tenure.
  • INS Abhay was under the command of Commander Abhay Kumar Singh during decommissioning.

INFAC T-82 (Super Dvora MK II Class Fast Attack Craft)

  • INFAC T-82, an Israeli Super Dvora MK II class Fast Attack Craft, was commissioned on 09 October 2003 at Naval Dockyard, Mumbai.
  • With the motto “Stealth and Strike”, INFAC T-82 performed search and rescue missions, submarine escort duties, and coastal interdiction operations.
  • INFAC T-82 was commanded by Lieutenant Commander Adishesh Mishra during decommissioning.
  • During the combined decommissioning ceremony, the National Flag, Naval Ensign, and Decommissioning Pennants were lowered for the last time at sunset, marking the end of their commissioned service.

Rajnath Singh and Richard Marles Hold First Australia–India Defence Ministers’ Dialogue under Comprehensive Strategic Partnership

  • Raksha Mantri Rajnath Singh and Australian Deputy Prime Minister & Defence Minister Richard Marles held the inaugural Australia–India Defence Ministers’ Dialogue, marking advancement under the Comprehensive Strategic Partnership.

Key Outcomes and Agreements

  • A Joint Maritime Security Collaboration Roadmap was discussed to enhance maritime cooperation and uphold freedom of navigation, overflight, and trade across the Indo-Pacific region.
  • Defence education and training cooperation will expand, with more Indian students joining the Australian Defence College in 2026 and a dedicated position at the Australian Defence Force Academy in 2027.
  • Three key agreements were signed:
    1. An Agreement on Information Sharing.
    2. An MoU on Submarine Search and Rescue Cooperation.
    3. Terms of Reference for Joint Staff Talks, strengthening bilateral defence collaboration.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Netflix India joins hands with Indian Institute of Creative Technology and Federation of Indian Chambers of Commerce and Industry  to boost India’s AVGC-XR talent ecosystem

  • The Federation of Indian Chambers of Commerce and Industry (Ficci) and the Indian Institute of Creative Technology (IICT) have partnered with Netflix India to nurture India’s AVGC-XR (Animation, Visual Effects, Gaming, Comics & Extended Reality)
  • The collaboration will leverage IICT’s academic and research capabilities, FICCI’s industry network, and Netflix’s creative expertise to train future creative technology professionals in India.
  • IICT will design industry-driven curricula, with students gaining from workshops, masterclasses, and guest lectures conducted by leading professionals.
  • Scholarships will be awarded through the Netflix Fund for Creative Equity to support underrepresented talent in the media and entertainment
  • Netflix will join IICT’s R&D Council, Academic Council, and Industry Development Council, offering strategic guidance to boost India’s AVGC-XR ecosystem.
  • With this partnership, Netflix India joins global tech leaders like Nvidia, Google, Apple, Microsoft, and Adobe, which also signed MoUs with IICT during the World Audio Visual and Entertainment Summit (WAVES) in May 2025.

India-AI Impact Summit 2026 Logo Reflects Ethical, Cultural, and Innovative AI Vision

  • The Government of India unveiled the logo of the India-AI Impact Summit 2026, scheduled for February 19–20, 2026, at Bharat Mandapam, New Delhi.
  • The logo was chosen through a Logo Design Contest held on the MyGov platform between May 28 and June 12, 2025.
  • The winning design symbolizes India’s vision to lead global efforts in responsible AI innovation for the greater good of humanity.
  • The Ashoka Chakra at the center represents ethical governance, justice, and Constitutional values, which guide India’s digital transformation.
  • The vibrant gradient in the logo signifies innovation and inclusivity, capturing the diversity of industries, cultures, and communities driving the AI revolution.

CURRENT AFFAIRS : APPS & PORTALS

Department of Empowerment of Persons with Disabilities launches revamped ‘Sugamya Bharat App’ to enhance digital accessibility for persons with disabilities

  • The Department of Empowerment of Persons with Disabilities (DEPwD), under the Ministry of Social Justice and Empowerment, launched the revamped ‘Sugamya Bharat App’ at the Purple Fest in Goa.
  • The launch was led by Shri Rajesh Aggarwal, Secretary, DEPwD, in the presence of senior officials including Manmeet Kaur Nanda and Shri Praveen Kumar, CMD, ALIMCO.
  • The Sugamya Bharat App has been redesigned with a user-first and accessibility-first approach, serving as India’s digital accessibility hub.
  • The app was developed with support from SBI Foundation and in technical partnership with NAB Delhi, ISTEM, and Mission Accessibility.

Key Highlights :

  • The app includes features such as screen reader compatibility, voice navigation, and multi-language support, ensuring digital inclusion for persons with disabilities.
  • It offers accessibility mapping of public places, enabling users to locate and rate infrastructure on accessibility parameters.
  • The app provides a consolidated directory of government schemes, scholarships, benefits, and job opportunities for persons with disabilities.
  • It includes a grievance redressal module allowing users to report inaccessible infrastructure and services.
  • The revamped app is a one-stop digital solution compatible with assistive technologies and available on Android and iOS
  • The Sugamya Bharat App was originally launched under the Accessible India Campaign (Sugamya Bharat Abhiyan) and has now evolved into a comprehensive digital accessibility ecosystem.
  • The initiative aims to empower persons with disabilities and enhance accountability and inclusivity in public spaces.

CURRENT AFFAIRS: BOOKS AND AUTHOR

Book: “Mahatma Gandhi and the Environment: Analysing Gandhian Environmental Thought” by T.N. Khoshoo 

  • The Book titled “Mahatma Gandhi and the Environment: Analysing Gandhian Environmental Thought” by T.N. Khoshoo explores Mahatma Gandhi’s views on environmentalism and their contemporary relevance, particularly in the context of climate change and resource depletion.
  • Gandhi’s environmental philosophy emphasizes simplicity, minimalism, and interconnectedness between humans and nature, advocating that true development must not compromise environmental or social well-being.
  • He famously stated: “The earth has enough for everyone’s need, but not for everyone’s greed,” highlighting the dangers of over-consumption.
  • Key themes reflected in the book include:
    • Nature and Humankind – Viewing nature as a living entity deserving respect rather than mere exploitation.
    • Sustainable Resource Use – Advocating sparing use of natural resources for future generations.
    • Village-Centric Development – Emphasizing the role of villages and villagers in India’s sustainability.
    • Rural and Industrial Synergy – Balancing industrial growth with rural upliftment to support self-reliant communities.
    • Critique of Western Industrialism – Highlighting the exploitative and alienating effects of unchecked industrialization.
  • Gandhi’s relevance to the current climate crisis is underscored through:
    • Minimalist living to reduce carbon footprints.
    • Decentralized economies as proposed in Hind Swaraj, promoting resilient local production systems.
    • Emphasis on self-restraint and moral responsibility to counter unchecked growth.
  • The book integrates social dimensions, including gender roles, Dalit empowerment, and conflict resolution, all framed within ecological balance.

CURRENT AFFAIRS: IMPORTANT DAYS

The World Standards Day is observed on October 14.

  • World Standards Day is observed annually on the 14th of October.
  • The opportunity to deepen understanding of the value of standardization and to increase awareness of it is provided by World Standards Day
  • The theme for this year’s celebration, “A Shared Vision for a Better World: Standards for Sustainable Development Goals,”

History

  • The first World Standards Day was celebrated in 1946 in London, the same year that the International Organization for Standardization was founded.
  • Every year on October 14, people all over the world, including members of the I.E.C., I.S.O., I.T.U., and other international standardization organizations, celebrate the collaborative efforts of experts, volunteers, and really everyone who participates in standardization activities globally.
  • This celebration serves to highlight the significance of written standards for the global economy.

Daily CA One- Liner: October 14

  • Prime Minister Narendra Modi laid the foundation stone for a new state-of-the-art fish market in Pandara, Bhubaneswar, during a virtual event
  • Under SCDPM 5.0, the Department of Pharmaceuticals (DoP) identified 11,100 Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) across India as Outdoor Cleaning Sites, completing the preparatory phase of target identification
  • In a notable recognition of tribal advancement, the President of India praised the Siddi tribal community for achieving a literacy rate exceeding 72%, marking a major milestone in educational inclusion among Particularly Vulnerable Tribal Groups (PVTGs).
  • The Semiconductor Innovation Museum was inaugurated on October 12, 2025, in Hyderabad by the Technology Chip Innovation Program (T-Chip), marking a landmark development for India’s tech sector.
  • ‘Viksit Bharat Buildathon 2025’ will be held marking India’s largest school hackathon
  • The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking work on innovation-driven economic growth
  • The 2025 International Ranger Awards celebrated the unmatched courage and dedication of forest rangers, who serve as the first and last line of defense for global biodiversity
  • The Book titled “Mahatma Gandhi and the Environment: Analysing Gandhian Environmental Thought” by T.N. Khoshoo explores Mahatma Gandhi’s views on environmentalism and their contemporary relevance, particularly in the context of climate change and resource depletion.
  • The Reserve Bank of India (RBI) has developed the Unified Markets Interface (UMI), a next-generation financial infrastructure enabling tokenization of financial assets using wholesale Central Bank Digital Currency (CBDC).
  • Hong Kong and Shanghai Banking Corporation Limited (HSBC) has committed ₹8,880 crore (US$ 1 billion) to support start-ups in India through loans under its Innovation Banking platform.
  • The Central Board of Indirect Taxes and Customs (CBIC) has introduced system-based auto-approval for IFSC code registration to enhance Ease of Doing Business.
  • The combined Assets Under Management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed ₹16 lakh crore, marking a major milestone in India’s pension sector.
  • Former United Kingdom (UK) Prime Minister Rishi Sunak has joined Microsoft and Anthropic, a leading artificial intelligence company, as a Senior Adviser, marking his shift from public office to global corporate engagement.
  • Global investment firm Blackstone announced the launch of its India credit platform, marking a major expansion of its global credit business into one of its fastest-growing markets.
  • ‘Trinetra’ Static Firing Facility for testing Naval Weapon Systems was inaugurated at Naval Station Bheemunipatnam, near Visakhapatnam by Vice Admiral Rajesh Pendharkar, FOC-in-C, Eastern Naval Command.
  • Indian Naval Ship Abhay and Indian Naval Fast Attack Craft (INFAC) T-82 were decommissioned at Naval Dockyard, Mumbai on 06 October 2025 after serving over three decades in the Indian Navy.
  • Raksha Mantri Rajnath Singh and Australian Deputy Prime Minister & Defence Minister Richard Marles held the inaugural Australia–India Defence Ministers’ Dialogue, marking advancement under the Comprehensive Strategic Partnership.
  • The Federation of Indian Chambers of Commerce and Industry (Ficci) and the Indian Institute of Creative Technology (IICT) have partnered with Netflix India to nurture India’s AVGC-XR (Animation, Visual Effects, Gaming, Comics & Extended Reality) talent.
  • The Government of India unveiled the logo of the India-AI Impact Summit 2026, scheduled for February 19–20, 2026, at Bharat Mandapam, New Delhi.
  • The Department of Empowerment of Persons with Disabilities (DEPwD), under the Ministry of Social Justice and Empowerment, launched the revamped ‘Sugamya Bharat App’ at the Purple Fest in Goa.
  • World Standards Day is observed annually on the 14th of October.

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