Daily Current Affairs 15th November 2025 | Latest News | Download PDF

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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Department of Financial Services Secretary M. Nagaraju Reviews Public Sector Banks H1 FY 2025–26 Performance and Progress

The Secretary of Department of Financial Services (DFS) M. Nagaraju reviewed the H1 FY 2025–26 performance of PSBs (Public Sector Banks), assessing financial indicators, asset quality, recoveries, digital initiatives, and government scheme implementation.
PSBs reported ₹93,675 crore net profit, 3% advances growth, 9.6% deposit growth, and lowered Gross NPAs to 2.30% and Net NPAs to 0.45%, showing strong profitability and asset quality improvement.
Banks were advised to strengthen low-cost deposit mobilisation and increase credit flow to MSME and agriculture sectors, alongside better risk management, underwriting standards, and operational resilience.
In recoveries, NARCL (National Asset Reconstruction Company Limited) had acquired ₹1.62 lakh crore stressed debt with notable recoveries, and banks were urged to use BAANKNET and reinforce early warning systems for faster resolution.
The meeting also launched the Startup Loans module on JanSamarth Portal and released the PSB Manthan 2025 report outlining the future roadmap for PSBs.

Reserve Bank of India Fines Three Co-operative Banks for Violating Regulatory Norms

The Reserve Bank of India (RBI) imposed monetary penalties on three co-operative banks for regulatory non-compliance, signalling stricter supervision during Co-op Kumbh 2025.
Mumbai District Central Co-operative Bank, Maharashtra fined ₹2 lakh for violating Section 20 of the Banking Regulation Act, 1949, which prohibits loans to directors/related parties.
Karaikudi Co-operative Town Bank, Tamil Nadu fined ₹1.5 lakh for violating capital adequacy norms and KYC guidelines, both essential for financial stability and anti–money laundering compliance.
District Co-operative Central Bank, Eluru (AP) fined ₹50,000 for KYC violations under Section 47A(1)(c) read with Sections 46(4)(i) & 56 of the Banking Regulation Act.
Key legal provisions enforced: Section 20 (no lending to directors), Section 47A(1)(c) (RBI penalty powers), Sections 46(4)(i) & 56 (penalties applicable to co-operative banks).
RBI action highlights the need for discipline, transparency, and accountability in cooperative banking operations.
The enforcement act serves as a wake-up call for cooperative banks amid concerns over weak governance and lax compliance.

Ageas Federal Life Insurance Partners with Muthoot Microfin to Expand Life Insurance Reach Across India

Ageas Federal Life Insurance formed a strategic distribution partnership with Muthoot Microfin Limited to expand life insurance access across India.
The collaboration targets underserved markets and small business owners to help reduce India’s life insurance protection gap.
Sadaf Sayeed (MD & CEO, Muthoot Microfin) and Jude Gomes (MD & CEO, Ageas Federal Life Insurance) emphasized that the partnership strengthens their digital-first strategy and supports IRDAI’s ‘Insurance for All by 2047’

Federal Bank Launches ‘Bharat Surotsav’ to Celebrate India’s Musical Heritage

Federal Bank launched its cultural initiative ‘Bharat Surotsav’ by unveiling the festival poster in Chennai, Tamil Nadu.
The inaugural Bharat Surotsav will be held on 22 November 2025 at the Madras Music Academy, celebrating India’s musical heritage.
Bharat Surotsav is a cultural Intellectual Property (IP) of Federal Bank, designed as an immersive dance and music fusion festival highlighting India’s artistic heritage.
The objective is to bring together iconic performers and contemporary sounds, promoting regional pride and cultural connection through a multi-city festival series.
Each city will feature artists reflecting local cultural ethos, strengthening regional identity and audience engagement.
Featured artists include Shobana Chandrakumar Pillai, Agam Band, Charumathi Raghuraman, and Ravi Chari.

About Federal Bank:

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

Moody’s Projects India’s Growth at 6.5% Through 2027 in ‘Global Macro 2026’ Report

Moody’s Ratings released its report “Global Macro 2026”, projecting India’s GDP growth at around 6.5% through 2027.
India’s GDP is estimated to grow 7% in 2025 and 6.4% in 2026, indicating sustained economic strength.
The report projects global GDP growth at 2.5%–2.6% in 2026–27, down from 2.6% in 2025 and 2.9% in 2024.
Advanced economies are expected to grow at 1.5%, while emerging markets led by India are projected to expand by nearly 4% by 2027.
Moody’s described the global outlook as “stable but mixed” due to policy differences, geopolitical tensions, and changes in global trade.
India’s growth will be supported by strong infrastructure investment, robust consumer demand, and export diversification, despite cautious private sector capital spending.
India’s inflation rate is projected at 3.5% in 2026 and 4% in 2027.
India’s economy remained resilient despite global headwinds and 50% U.S. tariffs on select products; exports grew 6.75% in September 2025, though shipments to the U.S. dropped 11.9%.

About Moody’s Ratings:

Founded : 1909
President : Michael West
Headquarters : New York, USA

PhonePe Partners with OpenAI to Scale ChatGPT Adoption for Indian Users

PhonePe Limited announced a strategic collaboration with OpenAI to boost ChatGPT adoption in India and enhance digital user experience.
The partnership aims to showcase the value of consumer AI in India and drive mutual business growth.
ChatGPT integration into the PhonePe consumer app, PhonePe for Business app, and Indus Appstore will accelerate generative AI adoption
The feature will offer AI-powered assistance for daily tasks such as travel planning, shopping, and other user interactions.
The collaboration leverages the PhonePe ecosystem, including its apps and marketplace, to enable new AI-driven applications in the payments and fintech sector.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

National Biodiversity Authority Releases ABS Funds to Odisha for Red Sanders Conservation

The National Biodiversity Authority (NBA) has released ₹29.40 lakh to the Odisha Forest Department under the Access and Benefit Sharing (ABS) mechanism for the conservation of Red Sanders (Pterocarpus santalinus).
The ABS amount was generated from benefit-sharing linked to Red Sanders wood logs sourced from the Parlakhemundi Forest Division, Gajapati District, Odisha.
These trees, over 100 years old, were originally planted by the Maharaja of Parlakhemundi and had naturally fallen during the 2018 cyclone.
The Odisha Forest Development Corporation later auctioned the fallen Red Sanders wood, generating ABS funds.
This release adds to the ongoing ABS disbursements made by NBA across India for conserving Red Sanders and other biological resources.
So far, NBA has released over ₹50 crore to:
- Andhra Pradesh Forest Department
- Karnataka Forest Department
- Andhra Pradesh State Biodiversity Board
  for Red Sanders conservation and sponsored research.
Additional ABS releases:
- ₹3 crore to 198 farmers in Andhra Pradesh
- ₹55 lakh to 18 farmers in Tamil Nadu
With this disbursement, Odisha becomes the 4th state to receive ABS funds linked to commercial use of Red Sanders.
Funds will be used to support protection, conservation, and sustainable use of Red Sanders across states.
The initiative demonstrates how benefit-sharing from commercial utilisation of biological resources can be channelled back into meaningful conservation efforts.

About Odisha:

Chief Minister: Mohan Charan Majhi
Governor: Hari Babu Kambhampati
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

7th India–Canada Ministerial Dialogue on Trade & Investment Held in New Delhi

Union Commerce & Industry Minister Piyush Goyal and Canada’s Minister of Export Promotion, International Trade & Economic Development Maninder Sidhu co-chaired the 7th India–Canada Ministerial Dialogue on Trade and Investment (MDTI) in New Delhi.
The meeting aimed to renew and strengthen bilateral trade and investment ties, aligned with the Joint Statement “Renewing Momentum towards a Stronger Partnership” which identifies trade as a key pillar of economic cooperation.
Ministers reaffirmed the strong India–Canada partnership based on shared democratic values, cultural diversity, and economic complementarities.
They highlighted the role of the Indian diaspora (2.9 million) and over 4.27 lakh Indian students in Canada, who contribute significantly to both economies and deepen bilateral linkages.
Bilateral trade in goods and services reached USD 18.38 billion in 2023; both sides welcomed the steady rise in two-way investments.
Ministers committed to maintaining an open, transparent, and predictable business environment supporting sustainable and inclusive growth.
Dialogue covered collaboration in priority sectors including nutritional security, supply chain resilience, health sector cooperation, and investment facilitation.
Both sides reviewed trade policy developments, discussed market access, regulatory alignment, and measures to enhance long-term economic resilience.
Meeting concluded with a commitment to revitalize the India–Canada economic partnership, translating discussions into tangible outcomes that will promote shared prosperity and deepen bilateral relations.

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

Golden Jubilee of New Mangalore Port Authority – Launch of Development Projects

Union Minister Sarbananda Sonowal stated that the Central Government is committed to modernising and developing all ports across India.
During the Golden Jubilee celebrations of the New Mangalore Port Authority in Mangaluru, he launched 20 development projects worth ₹1,500 crore.
Sonowal highlighted that the capacity of major ports has increased significantly due to digitalisation and modernisation, with New Mangalore Port growing from handling 90,000 tonnes earlier to 46 million tonnes now.
Union Minister for Renewable Energy Prahlad Joshi noted that India has become the world’s fourth-largest economic power, and a transformational shift is taking place under the vision of Viksit Bharat.

Regional Conference of Heads of Anti-Narcotics Task Force – North Eastern States

The 1st Regional Conference of Heads of Anti-Narcotics Task Force of the eight North Eastern States, along with West Bengal, began at the Nagaland Police Complex, Chümoukedima.
The two-day conference is hosted by Nagaland Police in coordination with the Narcotics Control Bureau (NCB) under the national mission ‘Nasha Mukt Bharat’.
The conference focuses on supply reduction, enforcement, rehabilitation, and de-addiction to combat drug abuse.
Nagaland DGP Rupin Sharma highlighted the North East as a critical front in India’s anti-drug efforts and emphasized challenges specific to the region.
He proposed policy-level reforms, including:
- Amendments to the NDPS Act, 1985
- Creation of a dedicated Northeast Anti-Drug Trafficking Agency
NCB Director General Anurag Garg stressed the need for strong coordination among central and state enforcement, intelligence, and security agencies to tackle the rising drug menace.
Attendees include officials from the Narcotics Control Bureau, Ministry of Social Justice & Empowerment, and Police Departments of all 8 North Eastern States and West Bengal.

About Nagaland:

Chief Minister: Neiphiu Rio
Governor: La. Ganesan
Capital: Kohima
National Parks: Intanki National Park
Wildlife Sanctuaries: Fakim Wildlife Sanctuary, Puliebadze Wildlife Sanctuary, Rangapahar Wildlife Sanctuary

International Tourism Mart 2025 – 13th Edition Inaugurated in Gangtok

Union Tourism & Culture Minister Gajendra Singh Shekhawat is set to inaugurate the 13th International Tourism Mart (ITM) for the North Eastern Region in Gangtok, Sikkim.
Sikkim Chief Minister Prem Singh Tamang, Arunachal Pradesh Chief Minister Pema Khandu, and Tourism Ministers of all North Eastern States will participate in the programme.
The International Tourism Mart is the annual flagship event of the Ministry of Tourism aimed at showcasing the tourism potential of India’s North Eastern Region.
The event targets both domestic and international audiences, promoting the region’s culture, heritage, biodiversity, and tourism opportunities.
The ITM plays a crucial role in enhancing tourism infrastructure, boosting investments, and supporting sustainable tourism growth in the North East.

About Sikkim:

Chief Minister: Prem Singh Tamang
Governor: Om Prakash Mathur
Capital: Gangtok
National Parks: Khangchendzonga National Park
Wildlife Sanctuaries: Fambong Lho Wildlife Sanctuary, Kyongnosla Alpine Sanctuary, Maenam Wildlife Sanctuary

India’s Achievement in WHO Global TB Report 2025

India’s TB incidence dropped by 21% from 237 per lakh (2015) to 187 per lakh (2024), nearly double the global decline of 12%; PM Narendra Modi termed it a “remarkable momentum” toward a TB-Mukt Bharat.
TB mortality (HIV-negative cases) reduced from 28 per lakh (2015) to 21 per lakh (2024).
Treatment coverage reached 92%, among the highest globally; treatment success rate improved to 90%, surpassing the global average of 88%.
Missing TB cases fell sharply from 15 lakh (2015) to less than 1 lakh (2024).
Rifampicin-resistance testing coverage stands at 92%, ahead of the global average of 83%.
TB Mukt Bharat Abhiyan (launched Dec 2024) accelerated progress by:
- Screening 19 crore vulnerable people
- Diagnosing 24.5 lakh TB patients, including 8.61 lakh asymptomatic cases
- Deploying AI-based handheld X-rays for rapid screening
- Expanding NAAT and molecular diagnostic infrastructure
India aims to eliminate TB by 2025, ahead of the 2030 SDG target.
TB programme budget increased 10-fold in 9 years, boosting diagnosis, treatment, and community support.
Under Ni-kshay Poshan Yojana, ₹4,406 crore DBT has been transferred to 1.37 crore TB patients since April 2018.
6.77 lakh Ni-kshay Mitras, including 2 lakh My Bharat youth, distributed 45 lakh nutrition baskets, strengthening psychosocial and nutritional support.
India hosts the world’s largest TB diagnostic network, including:
- 9,391 molecular testing centres
- 107 culture & DST labs
- 500+ AI X-ray units deployed; 1,500 more being added
- 1.78 lakh Ayushman Arogya Mandirs providing decentralized TB services
India has introduced personalized TB care, tailoring treatment for high-risk patients based on comorbidities, severity, and socioeconomic vulnerabilities.
ASHA workers are being trained to identify early warning signs to ensure timely referral and treatment initiation.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

NITI Aayog’s Tax Policy Chair Pushpinder S. Puniha Joins Blue Ocean Corporation’s Advisory Board

Pushpinder S. Puniha, Chairperson of the Consultative Group on Tax Policy at NITI Aayog, joined the Advisory Board of UK-based Blue Ocean Corporation, a global leader in supply chain consulting and training.
The appointment supports Blue Ocean’s plan to expand in India and align with national priorities in tax reforms, supply chain modernization, and skill development.
He is a public-policy expert with 30+ years of experience in fiscal management, governance, and tax policy.
He co-edited the book “Reimagining Institutions: Collaborative Pathways to Social Development in India,” focusing on innovative governance and institutional reform.
His key roles include National Head of the Faceless Assessment Scheme, Head of the Income Tax Investigation Vertical for Mumbai and North-West India, and Fellow at the Bharti Institute of Public Policy, ISB Hyderabad.

PXIL Names Vivek Singla as New Managing Director and Chief Executive Officer

Power Exchange India Limited (PXIL) appointed Vivek Singla as its new Managing Director (MD) and Chief Executive Officer (CEO), effective 10 November 2025.
He succeeds Satyajit Ganguly, who held the position since June 2023.
Vivek Singla has over 35 years of experience in power generation, transmission, distribution, and renewable energy.
Previously, he was President and Head of Green Hydrogen & Transmission Businesses at ReNew Power, leading strategic initiatives in clean-energy domains.
PXIL, promoted by NSE and NCDEX, operates Integrated Day-Ahead and Real-Time Market contracts for electricity trading.

CURRENT AFFAIRS : DEFENCE NEWS

Swan Defence and Heavy Industries Limited Signs Letter of Intent with Norway’s Redereit Stenersen to Construct Six IMO Type II Chemical Tankers Worth $220 Million

The Swan Defence and Heavy Industries Limited (SDHI) signed a Letter of Intent (LoI) with Redereit Stenersen AS of Norway to build six IMO Type II chemical tankers worth USD 220 million.
The agreement includes an option for six additional vessels, raising the total project value to USD 400 million.
Each vessel will have 18,000 Deadweight Tonnage (DWT) and will be constructed at SDHI’s shipyard in Pipavav, Gujarat.
The tankers are designed by Marinform AS (Norway) and StoGda Ship Design (Poland), and will be classified by Det Norske Veritas (DNV) to meet international safety and environmental standards.
The design allows fuel conversion to methanol or LNG and supports battery capacity upgrades up to 5,000 kWh.
Built to Ice Class 1A specification, the tankers feature a hybrid propulsion system combining diesel-electric power with battery capability, ensuring lower emissions and improved energy efficiency.

CURRENT AFFAIRS: MOUS AND AGREEMENT

C-DOT Signs Agreement with NAM InfoCom for Indigenous Mission Critical Communication (MCX) System

C-DOT has signed an agreement with NAM InfoCom Pvt. Ltd. to jointly develop an indigenous Mission Critical Communication System (MCX), strengthening India’s secure public safety and emergency response communication network.
The collaboration is part of C-DOT’s MCX Alliance, which currently involves 10 partner organizations, mainly startups, to build a complete MCX ecosystem.
The MCX solution is developed as per 3GPP standards, supporting:
- Mission Critical Push-to-Talk (MCPTT)
- Mission Critical Data (MCData)
- Mission Critical Video (MCVideo)
The system ensures secure, reliable, low-latency, real-time voice/video/data communication over existing 4G and 5G networks, designed for Public Protection and Disaster Relief (PPDR) operations.
NAM InfoCom will develop the MC Video component, enhancing C-DOT’s existing MCX framework with:
- Multi-stream video support
- Recording features
- Scalability for multiple group/one-to-one calls
- Floor-control and non-floor-control modes
The solution is optimized for first responders, including:
- Disaster management teams
- Law enforcement
- Defense operations
- Emergency services
It is tailored for low latency, optimal bandwidth use, device adaptability, and minimal storage needs, making it suitable for diverse network conditions.
The joint project is fully funded under the C-DOT Collaborative Research Programme (CCRP).
- C-DOT will provide R&D and system design expertise.
- NAM InfoCom will contribute system integration, deployment, and customization capabilities.
CEO C-DOT, Dr. Rajkumar Upadhyay, emphasized that the initiative supports Atmanirbhar Bharat by promoting indigenous, secure communication technologies for critical national needs.
The agreement was signed in the presence of senior officials from both C-DOT and NAM InfoCom.

About C-DOT

Premier telecom R&D centre under the Government of India.
Develops advanced communication systems for national strategic and socio-economic requirements.
Promotes collaborative R&D through the C-DOT Collaborative Research Program (CCRP) involving startups, industry, and academia.

About NAM InfoCom Pvt. Ltd.

Provides communication infrastructure, mission-critical platforms, system integration, and customized IT solutions to government, defense, and enterprise sectors.
Has strong capabilities in Conversational AI, intelligent automation, and advanced communication interfaces.

Telecommunication Engineering Centre Signs MoU with SRM Institute of Science & Technology (SRMIST) for Advanced Telecom R&D

The Telecommunication Engineering Centre (TEC) under the DoT has signed an MoU with SRM Institute of Science & Technology (SRMIST) to collaborate on joint studies, research and global telecom standardisation.
The collaboration focuses on developing India-specific standards, test frameworks, and strengthening India’s participation in ITU-T, ITU-D, ITU-R and other global standardisation bodies.
The MoU was signed by Shri Amit Kumar Srivastava (DDG – Mobile Technologies, TEC) and Dr. S. Ponnusamy (Registrar, SRMIST) in the presence of TEC and SRMIST leadership at SRMIST Kattankulathur, Chengalpattu.
The partnership forms a formal framework for joint research in next-generation telecom technologies and indigenous standardisation efforts.
Key areas of collaboration include:
- 6G: AI-driven resource allocation, intelligent scheduling, low-latency coding, computation-aware networking and 6G architecture research.
- Digital Twin: Network behaviour modelling and optimisation frameworks.
- Quantum Communication: Quantum communication protocols, quantum cryptography and quantum-assisted 6G systems.
- Edge AI & Distributed Intelligence: Real-time analytics, automation and predictive maintenance solutions.
- AI & Generative Models: LLMs, Generative AI, federated learning and adaptive neural architectures for network automation.
- Cyber Security: Secure and resilient communication network research.
- RF, Microwave & Terahertz: Advanced wireless communication technologies.
- mmWave & Cognitive Radio: Beamforming and spectrum-efficient communication.
- Optical Communications: Optical and optical-wireless communication systems.
- Non-Terrestrial Networks (NTNs): Satellite–terrestrial integration and HAPS.
- Open RAN & Network Disaggregation: Open interfaces, orchestration and interoperability studies.
The collaboration aims to boost indigenous R&D, promote Atmanirbhar Bharat, and strengthen India’s telecom ecosystem by reducing import dependence and securing critical communication infrastructure.
About TEC: The technical arm of DoT responsible for standards, specifications and conformity assessment for telecom equipment in India. It represents India in ITU-T and ITU-R and coordinates national working groups for global standardisation.
About SRMIST: Established in 1985, SRMIST is a leading university with strong research capabilities in AI, Cyber Security, Advanced Telecom, Quantum Communication and emerging ICT domains.

India–Nepal Letter of Exchange on Transit Treaty (Nov 2025)

India and Nepal signed a Letter of Exchange (LoE) to amend the Protocol to the India–Nepal Treaty of Transit, aiming to boost bilateral trade and regional connectivity.
The LoE allows direct rail movement of containerized and bulk cargo via the Jogbani–Biratnagar rail corridor, strengthening Nepal’s access to Indian ports and global markets.
The liberalized transit rules now apply to major Indian ports including Kolkata and Visakhapatnam, enabling smoother multimodal cargo movement through Jogbani and Nautanwa (Sunauli).
This development supports India’s Neighbourhood First policy and enhances Nepal’s trade diversification through Indian port infrastructure.
The Jogbani–Biratnagar rail link, built with Indian grant assistance, was jointly inaugurated on 1 June 2023 by the Prime Ministers of both countries.
Benefits for Nepal: Faster and cost-effective logistics, improved global market access, and strengthened regional integration.
Benefits for India: Reinforces India’s role as Nepal’s top trade partner, boosts cross-border infrastructure, and advances India’s Act East and Neighbourhood First strategies.
India accounts for over two-thirds of Nepal’s external trade; the transit treaty provides Nepal essential access to the sea through Indian ports.
India has invested in Integrated Check Posts (ICPs), rail corridors, petroleum pipelines, and border infrastructure, with the LoE serving as an important upgrade to facilitate smoother and diversified trade routes.

Banas Dairy– Bharatiya Beej Sahakari Samiti Limited MoU for Potato Value Chain Reform

Banas Dairy and Bharatiya Beej Sahakari Samiti Limited (BBSSL) signed an MoU in New Delhi to strengthen India’s potato value chain, aligning with the “Sahakar se Samriddhi” vision that promotes cooperation among cooperatives for rural prosperity.
The partnership aims to build a robust seed-to-market potato ecosystem, improving productivity and farmer incomes.
The MoU focuses on:
- Production of certified, disease-free seed potatoes
- Adoption of scientific cultivation methods
- Promotion of contract farming
- Stronger market linkages for farmers
Banas Dairy, part of the Amul cooperative network, will support with technical expertise, tissue culture laboratories, aeroponic systems, and market/logistics assistance under its “Beyond Dairy” initiative.
BBSSL will lead the production and supply of high-quality seed potatoes, using Banas Dairy’s advanced facilities to ensure certified seed standards.
The initiative reflects the Ministry of Cooperation’s efforts under Union Minister Amit Shah to strengthen agricultural value chains, boost self-reliance in seed production, and enhance farmer income.
At the signing event at Atal Akshay Urja Bhavan, senior officials highlighted the collaboration as a major step in modernizing agriculture and reducing dependence on imported seed potatoes.
Expected benefits include:
- Better access to quality seed inputs
- Support for scientific farming practices
- Assured markets through cooperative channels
- Increased adoption of advanced agri-technologies
The model is expected to become a replicable framework for other crops and support national goals of agricultural sustainability and doubling farmers’ income.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Indian Institute of Corporate Affairs and WNS Global Services Launch Ybrant Programme on CSR, ESG, and Sustainability

IICA (Indian Institute of Corporate Affairs) and WNS Global Services launched the IICA–WNS Ybrant CSR, ESG & Sustainability Program on 11 November 2025 to promote sustainability-focused leadership.
Shri Gyaneshwar Kumar Singh highlighted the program as a major step toward developing sustainability-driven and socially responsible leaders.
The six-month program features 22.5 hours of academic sessions and 18 hours of fieldwork, covering 15 modules on CSR (Corporate Social Responsibility), ESG (Environmental, Social, and Governance), sustainability, impact assessment, and governance.
Over 250 students from institutions like IIM Shillong, CHRIST University, and Symbiosis International attended the launch, which ended with a vote of thanks by Dr. Ankita Sharma.

Indian Space Research Organisation Successfully Conducts Main Parachute Test for Gaganyaan Crew Module at Babina, Uttar Pradesh

The Indian Space Research Organisation (ISRO) successfully conducted a Main Parachute test for the Gaganyaan Crew Module at Babina Field Firing Range, Jhansi, Uttar Pradesh (UP), as part of Integrated Main Parachute Airdrop Tests (IMAT).

Key Highlights :

The test validated the parachute system, crucial for the safe landing of astronauts during re-entry and touchdown of India’s maiden human spaceflight mission.
A simulated Crew Module mass was dropped from 2.5 km altitude using IAF’s Ilyushin (IL)-76 aircraft.
The parachute system consists of 10 parachutes of 4 types: 2 Apex Cover Separation Parachutes, 2 Drogue Parachutes, and 3 Pilot Parachutes deploying 3 Main Parachutes for deceleration and safe touchdown. (The system has redundancy: two of the three main parachutes are sufficient for a safe landing).
The test simulated an asymmetric dis-reefing, where one main parachute opened with a delay to assess structural integrity under uneven load (a critical load scenario).
Reefed inflation was used, where parachutes partially open (reefing) and then fully deploy (disreefing) using a pyro device.
Organisations involved included Vikram Sarabhai Space Centre (VSSC), ADRDE, DRDO, IAF, and Indian Army (IA).
In August 2025, the Integrated Air Drop Test (IADT–01) successfully validated portions of the parachute system.

About ISRO :

Established : 1969
Headquarters : Bengaluru, Karnataka
Chairman : V. Narayanan

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

SoftBank Sells Entire Nvidia Stake for $5.8 Billion to Fund Upcoming AI Investments

SoftBank Group sold its entire Nvidia stake, earning $5.8 billion, ahead of new AI-focused investments planned by Masayoshi Son.
The company had earlier raised its Nvidia investment to $3 billion by March, contributing to a record ¥2.5 trillion (₹16.2 billion) profit in fiscal Q2, far above analyst estimates.
SoftBank announced a 4-for-1 stock split, effective January 1, 2026.
SoftBank had also explored a possible takeover of Marvell Technology Inc., indicating expanding interest in the semiconductor and AI ecosystem.

CURRENT AFFAIRS : SUMMITS & CONFERENCE

Bhopal to Host 22nd Edition of All India Annual TDS Conference

Bhopal will host the 22nd All India Annual TDS Conference, bringing together top tax administrators from across India.
The conference is organized by the Central Board of Direct Taxes (CBDT) to review policy changes, discuss compliance mechanisms, and explore digital innovations in the tax ecosystem.