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Daily Current Affairs 23rd & 24th November 2025 | Latest News | Download PDF

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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Reserve Bank of India Begins Realisation Phase to Link India’s UPI with Eurosystem’s TIPS for Seamless Cross-Border Payments

  • The Reserve Bank of India (RBI) has initiated the realisation phase to interlink India’s Unified Payments Interface (UPI) with TARGET Instant Payment Settlement (TIPS) operated by the Eurosystem to enable seamless cross-border payments.
  • UPI is India’s instant payment system developed by NPCI, enabling person-to-person and person-to-merchant transactions across banks via smartphones.

Key Highlights :

  • TIPS is the European Central Bank’s real-time settlement system, facilitating instant euro transactions across the Eurozone 24/7 in under 10 seconds.
  • The UPI–TIPS integration aims to enable faster, cheaper, and transparent remittances between India and the Euro Area, reducing reliance on SWIFT and intermediary banks.
  • The linkage provides convenience for NRIs and businesses, supporting cross-border trade and remittances with predictable costs and timelines.
  • This initiative strengthens India’s fintech diplomacy, aligning with G20 goals of improving cross-border payment systems
  • RBI and NPCI International Payments Ltd. (NIPL) will work with the ECB on technical integration, risk management, settlement arrangements, and compliance harmonization including KYC, AML, and data protection norms.
  • TIPS launched: November 2018 by European Central Bank

Reserve Bank of India Imposes ₹4 Lakh Penalty on Odisha-Based Glowmore Finance for Regulatory Non-Compliance

  • The Reserve Bank of India (RBI) imposed a total penalty of ₹7 lakh on three cooperative banks and a non-banking financial company (NBFC) for non-compliance with regulatory directions.
  • The highest penalty of ₹4 lakh was levied on Glowmore Finance Pvt Ltd, an Odisha-based NBFC.
  • The non-compliance was noticed during RBI correspondence regarding the appointment of a director in the company.
  • The action was taken under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934.
  • Glowmore Finance Private Limited (GFPL) is an NBFC based in Ganjam, Odisha, focusing on microcredit to promote financial inclusion.

India’s Foreign Exchange Reserves Decline by $2.7 Billion to $687.73 Billion

  • According to the Reserve Bank of India (RBI), India’s foreign exchange reserves declined by $2.70 billion to $687.03 billion for the week ended November 7,2025.
  • The decline was due to a stronger US dollar and valuation changes, extending the fall after a $5.62 billion drop in the previous week.
  • Despite the fall, India continues to hold one of the largest FX reserves globally, providing strong protection against global volatility and geopolitical risks.

Key Highlights :

  • Foreign Currency Assets (FCA), the major component of reserves, fell by $2.45 billion to $562.14 billion, impacted by movements in non-dollar currencies like euro, pound, and yen.
  • Gold reserves decreased by $195 million to $101.53 billion due to fluctuations in international gold prices.
  • Special Drawing Rights (SDRs) fell by $51 million to $18.59 billion, as per RBI updates.
  • India’s reserve position with the IMF remained unchanged at $4.77 billion, according to the RBI.
  • In the week ended November 14, 2025, India’s forex reserves rose sharply by $5.54 billion to a historic high of $692.57 billion, reversing the previous decline.
  • The increase was mainly driven by a major rise in gold reserves, which jumped by $5.327 billion to $106.857 billion due to higher gold prices and strategic RBI purchases.
  • Foreign Currency Assets increased by $152 million to $562.29 billion, reflecting appreciation of certain currencies against the US dollar.
  • SDRs rose by $56 million to $18.65 billion, indicating higher IMF liquidity support.
  • India’s IMF reserve position rose by $8 million to $4.779 billion during the same period.

Moody’s forecasts India’s Gross domestic product to grow at 7% in 2025, slowing to 6.4% in 2026

  • Moody’s projected India’s real Gross domestic product (GDP) growth at 7% in 2025, making India one of the fastest-growing major economies
  • Growth is forecast to moderate to 6.4% in 2026 due to global and domestic economic factors.
  • Growth momentum is supported by robust domestic consumption, driven by rising incomes, expanding middle class, and urban demand across sectors such as retail, housing, services, and transport.
  • Government-led capital expenditure in roads, railways, and urban transport is pushing economic growth, along with private investment in logistics, digital infrastructure, and energy.
  • India is achieving export diversification with rising growth in electronics, pharmaceuticals, and services, reducing dependence on limited traditional markets and improving economic resilience.
  • The softening to 6.4% in 2026 is seen as a natural economic transition from recovery-driven growth to investment-led growth.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Punjab SC Commission Opens India’s First Dedicated Courtroom for SC-Related Cases

  • The Punjab State Scheduled Castes Commission has inaugurated India’s first dedicated courtroom for handling cases related to the Scheduled Caste (SC) community, marking a major step toward improving access to justice.
  • Commission Chairperson Jasvir Singh Garhi stated that the new courtroom, equipped with modern infrastructure, will ensure faster hearings, quicker case disposal, and greater efficiency in protecting SC rights.
  • An Online Court System is set to be launched soon, allowing complainants to appear virtually, reducing travel, time, and financial burden—especially for people from remote areas.
  • The dedicated courtroom addresses longstanding issues of delays and backlogs, strengthening the justice delivery system for marginalized communities and reinforcing the state’s commitment to equality and constitutional safeguards.
  • This is the first such facility under any state-level SC Commission in India and is expected to serve as a model for other states.
  • The Commission deals with complaints under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 and state social justice mandates; the new courtroom reflects structural reforms and greater reliance on technology-enabled justice systems.

About Punjab:

  • Chief Minister: Bhagwant Mann ​
  • Governor: Gulab Chand Kataria
  • Capital: Chandigarh ​
  • Wildlife Sanctuaries: Abohar Wildlife Sanctuary, Aishvan Wildlife Sanctuary, Bir Bhadson Wildlife Sanctuary, Bir Bunerheri Wildlife Sanctuary, Bir Dosanjh Wildlife Sanctuary ​

RECENT NEWS

  • Punjab has emerged as the first state in India to successfully implement the amended Bharat Net Scheme across its entire territory. This landmark achievement enables live monitoring of the border state from any location in the country and marks a significant milestone in bridging the digital divide in rural India.

Switzerland & Ireland Named Country Partners for Hornbill Festival 2025

  • The Government of Nagaland has officially announced Switzerland and Ireland as country partners for the Hornbill Festival 2025, following meetings between CM Neiphiu Rio and the ambassadors of both nations in New Delhi.
  • Switzerland’s participation was confirmed after discussions between CM Rio and Swiss Ambassador Maya Tissafi, focusing on deeper cooperation in culture, tourism, and other sectors.

Key Highlights

  • Ireland’s partnership was confirmed by Irish Ambassador Kevin Kelly, with Ireland set to send a cultural delegation featuring folk music, literary exchanges, theatre, public art, and dialogue sessions.
  • Both countries join the United Kingdom, which had already been announced as a partner nation, further boosting the festival’s international profile.
  • Hornbill Festival, known as the “Festival of Festivals”, is held annually from 1–10 December at Kisama Heritage Village, showcasing the traditions of 17 major Naga tribes through dance, music, crafts, sports, and cuisine.
  • The festival is named after the Great Indian Hornbill, a revered symbol in Naga folklore.
  • Country partnerships enhance:
    • Cultural diplomacy through cross-country exchanges
    • Tourism development by attracting global visitors
    • Creative collaborations in art, literature, and performance
    • Economic growth via increased tourist footfall and local revenue

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

Supreme Court of India Says No Fixed Timelines for Governor/President to Grant Assent to Bills

  • The Supreme Court of India delivered a landmark advisory opinion, ruling that no fixed timelines can be imposed on the President or state Governors for granting assent to Bills under Article 200 and Article 201 of the Constitution of India.
  • The judgment followed a reference made by the President under Article 143, after the earlier State of Tamil Nadu vs Governor of Tamil Nadu (8 April 2025) ruling had suggested indicative timelines—one month for Governors and three months for the President.
  • A five-judge Constitution Bench led by Chief Justice of India B. R. Gavai held that:
    • The Constitution does not prescribe any time limits, and the judiciary cannot insert timelines, as that would effectively amend the Constitution.
    • The phrase “as soon as possible” indicates the need for timely action but cannot be converted into specific days or fixed deadlines.
    • Governors cannot sit indefinitely on Bills (no pocket-veto), and excessive delays can be challenged through judicial review, but this cannot be turned into a uniform mandatory timeline.
  • The ruling is significant because it:
    • Upholds the federal balance, allowing constitutional authorities to exercise their discretion without judicial overreach.
    • Ensures legislatures are not stalled by arbitrary delays yet avoids imposing rigid constitutional timelines.
    • Reinforces accountability by requiring action within a reasonable time, with courts empowered to review cases of unjustified delay.

India Expands Visa-on-Arrival (VoA) Facility for UAE Nationals

  • India has expanded the Visa-on-Arrival facility for UAE nationals from six to nine international airports, adding Cochin, Calicut, and Ahmedabad to the existing airports in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad.
  • The facility is available from November 2025 for UAE citizens who have previously held an Indian e-visa or regular visa.
  • Stay permitted: Up to 60 days, with double entry allowed within the period.
  • Purpose: Tourism, business, medical treatment, and participation in conferences.
  • Required documents: Passport with 6 months validity, proof of funds, confirmed accommodation, and onward/return tickets.
  • Fee: ₹2,000 per person, payable in Indian rupees or equivalent foreign currency.
  • The VoA can be used multiple times in a calendar year, with no restriction on frequency.
  • Not eligible: UAE nationals whose parents or grandparents were born in or are permanent residents of Pakistan — they must apply through regular visa channels.
  • The expansion strengthens people-to-people ties, improves regional connectivity, supports tourism, trade, medical travel, and facilitates participation in conferences.
  • Effective implementation will require well-prepared immigration desks and clear communication for applicants at the newly added airports.

RECENT NEWS

  • The United Arab Emirates (UAE) has been ranked as the third-largest contributor of humanitarian aid globally in 2025, according to newly released data from the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA).

CURRENT AFFAIRS : INTERNATIONAL NEWS

Prime Minister Shri Narendra Modi Attends G20 Summit Held in Johannesburg

  • Prime Minister Shri Narendra Modi participated in the G20 Leaders’ Summit in Johannesburg, South Africa, hosted by President Cyril Ramaphosa, marking his 12th G20 Summit appearance since 2014.
  • This was the first-ever G20 Summit held in Africa, reflecting the growing importance of the Global South in global decision-making.
  • The PM addressed the session on “Inclusive and Sustainable Economic Growth Leaving No One Behind”, appreciating work under South Africa’s G20 Presidency in skilled migration, tourism, food security, AI, digital economy, innovation and women empowerment.

Key Highlights :

Six Major Proposals by India at G20

  1. G20 Global Traditional Knowledge Repository to preserve and utilize traditional knowledge for future generations.
  2. G20 Africa Skills Multiplier to train 1 million certified trainers for African youth, fostering long-term development.
  3. G20 Global Healthcare Response Team comprising experts from all G20 nations for deployment in global health emergencies.
  4. G20 Open Satellite Data Partnership to make satellite data available to developing countries for agriculture, fisheries, and disaster management.
  5. G20 Critical Minerals Circularity Initiative promoting recycling, urban mining, innovation and securing critical minerals supply chains.
  6. G20 Initiative on Countering the Drug-Terror Nexus to combat drug trafficking and the financing of terrorism.
  • The PM addressed another session on “A Resilient World – Disaster Risk Reduction, Climate Change, Just Energy Transition, Food Systems”, stressing that disaster response must be development-centric, as shown through India’s Coalition for Disaster Resilient Infrastructure (CDRI).
  • This marks the fourth consecutive G20 Summit hosted in the Global South, with the 2025 theme “Solidarity, Equality and Sustainability.”
  • PM Modi’s visit to South Africa is his fourth official visit, following visits for the BRICS Summits in 2018 and 2023, and a bilateral visit in 2016.

About G20 :

  • G20 is an informal grouping of 19 countries and 2 regional bodies – the European Union (EU) and African Union (AU).
  • The group was formed on 26 September 1999.
  • Member countries include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Saudi Arabia, South Africa, Russia, Türkiye, United Kingdom (UK), and the United States (USA).
  • The G20 represents around 85% of the world’s GDP, over 75% of global trade, and about two-thirds of the world’s population.
  • Present Chair : South Africa
  • Immediate Past Chair : Brazil
  • Next Chair (2026) : United States

India and Israel Agree to Start Negotiations on Free Trade Agreement

  • India and Israel signed the Terms of Reference to begin negotiations for a Free Trade Agreement (FTA), marking a major step toward expanding bilateral economic cooperation.
  • Commerce Minister Piyush Goyal stated that the proposed FTA and Bilateral Investment Treaty will improve market access, capital flows, trade in goods and services, and overall ease of doing business between the two nations.
  • The agreement aims to boost collaboration in fintech, agritech, artificial intelligence (AI), machine learning, quantum computing, pharmaceuticals, space, defence, and infrastructure.
  • Piyush Goyal highlighted India’s “Ten D’s”—Democracy, Demographics, Decarbonisation, Digitalisation, Development, Demand, Diversity, Decisive Leadership, Dependability, and Determination—as key factors making India an attractive destination for global investment.

CURRENT AFFAIRS: AWARDS AND HONOURS

76th National Book Awards 2025 Announced

  • The 76th National Book Awards were held in Manhattan, showcasing global literary excellence, cultural resistance, and strong political expression.
  • Rabih Alameddine won the Fiction award for The True True Story of Raja the Gullible (and His Mother), a novel blending satire, family, war, and absurdity set in Lebanon.
  • Patricia Smith won the Poetry prize for The Intentions of Thunder, focusing on racial identity, memory, resilience, and generational wounds.
  • Omar El Akkad won the Nonfiction award for One Day, Everyone Will Have Always Been Against This, a critique of the modern West, written in response to violence in Gaza and documenting global injustices.
  • Daniel Nayeri received the Young People’s Literature award for The Teacher of Nomad Land: A World War II Story, highlighting survival, hope, and identity.
  • Gabriela Cabezón Cámara, with translator Robin Myers, won Translated Literature for We Are Green and Trembling, exploring queer identity and ecological anxiety; Cámara delivered her speech in Spanish, addressing anti-immigrant sentiment.
  • The event featured strong political statements from authors on immigration raids, Middle East violence, and industry gatekeeping, making it a night of protest, poetry, and performance.
  • Performances included music by Corinne Bailey Rae, and the event was hosted by Jeff Heller, noted for humorous literary commentary.
  • George Saunders received the Distinguished Contribution to American Letters award for his legacy of truth-seeking literature, emphasizing revision and introspection.
  • Roxane Gay received the Literarian Award for supporting diverse voices in publishing, calling for industry reform and moving beyond traditional standards and social media metrics.
  • The National Book Awards, organized by the National Book Foundation, honor literature in Fiction, Nonfiction, Poetry, Young People’s Literature, and Translated Literature, with each winner receiving USD 10,000.

Fátima Bosch of Mexico Wins Miss Universe 2025

  • The 74th Miss Universe pageant was held in Thailand, showcasing global culture and talent, where Fátima Bosch of Mexico won the Miss Universe 2025
  • She was crowned by Victoria Kjær Theilvig of Denmark, the outgoing Miss Universe 2024.

Key Highlights

  • Bosch stood out for her advocacy work, strong communication, and confident performances across all rounds.
  • Runner-Up: Praveenar Singh from Thailand, recognized for her powerful Q&A performance, cultural advocacy, and strong stage presence.
  • India’s Manika Vishwakarma reached the Top 12, gaining global attention for her advocacies focused on inclusive education, mental wellness, and promotion of artistic expression.
  • The event featured:
    • Hosting by Steve Byrne
    • Musical performances by Jeff Satur
    • A special Thai cultural showcase
  • The judging panel included eight judges, notably Saina Nehwal from India, marking her international pageantry judging debut.
  • Since 1952, the Miss Universe Organisation has promoted values of leadership, education, diversity, social impact, and personal development.
  • The next edition, Miss Universe 2026, will be hosted by Puerto Rico, marking the prestigious 75th (silver jubilee) edition of the pageant.

WAVES Film Bazaar 2025 Inaugurated at 56th IFFI in Goa

  • L. Murugan, Minister of State for Information & Broadcasting, inaugurated the WAVES Film Bazaar 2025 during the 56th International Film Festival of India (IFFI) in Panaji, Goa.
  • WAVES Film Bazaar is the official film market of IFFI, acting as a major platform for filmmakers, producers, distributors, festival programmers, and financiers to collaborate.
  • The Film Bazaar supports creators through multiple verticals including:
    • Co-Production Market – Featuring 22 feature films and 5 documentaries seeking global partners.
    • Screenwriters’ Lab – Providing mentorship from international experts.
    • Viewing Room – Offering a digital library for buyers and distributors.
    • Industry Panels & Masterclasses – Discussions on industry trends and opportunities.
  • The 2025 edition (19th edition) runs from 20–24 November and features:
    • Delegates from 30+ countries, including OTT platforms, festival curators, and sales agents.
    • Projects across multiple Indian regional languages, showcasing the strength of India’s diverse cinema.
    • Showcases of state-wise film incentives and international co-production treaties.
    • Special platforms for young creators, including curated pitching sessions and debut filmmaker mentoring.
  • The Film Bazaar strengthens India’s position in the global creative economy by:
    • Empowering emerging filmmakers with mentorship and funding opportunities.
    • Boosting regional cinema visibility on international platforms.
    • Promoting co-productions between Indian and international studios.
    • Enhancing India’s cultural diplomacy and global storytelling influence.
    • Building a robust market ecosystem connecting Indian cinema to the global value chain.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Government e-Marketplace & UN Women Sign MoU to Empower Women Entrepreneurs in Public Procurement

  • Government e-Marketplace (GeM) under the Ministry of Commerce and Industry and UN Women signed an MoU to strengthen empowerment and integration of women entrepreneurs, especially from the informal sector, into India’s public procurement ecosystem.
  • The MoU focuses on gender-responsive procurement, promoting increased sourcing from women-led businesses under GeM’s Womaniya initiative.

Key Highlights

  • The MoU was signed by Kanta Singh (Country Representative, UN Women India) and Shri Ajit B. Chavan (Additional CEO, GeM). Shri Mihir Kumar, CEO GeM, presided over the ceremony.
  • The partnership reinforces GeM’s commitment to expanding market access, forward linkages, and procurement opportunities for women entrepreneurs.
  • GeM acts as India’s national public procurement portal for Central/State Ministries, Departments, PSUs and autonomous bodies, ensuring transparent, efficient, and inclusive procurement.
  • Through GeM, women entrepreneurs and SHGs can directly supply products such as handicrafts, handloom, jute/coir goods, bamboo products, organic foods, spices, accessories, home décor and office furnishings through generic product categories designed for easy onboarding.
  • Under the collaboration, UN Women will:
    • Design training materials and recommend global best practices.
    • Share success stories and help develop validation criteria for women-led businesses.
    • Promote the Womaniya – #VocalForLocal Outlet Store.
    • Support onboarding of UN programme participants & encourage MSME Udyam Registration.
    • Mobilise women trainers and connect entrepreneurs with advisers and relevant institutions.
  • GeM will:
    • Conduct training programmes and sensitise government buyers.
    • Highlight achievements of women entrepreneurs.
    • Organise onboarding workshops and develop vernacular training materials.
    • Build partnerships supporting entrepreneurship and decent work opportunities.
    • Engage women trainers and align entrepreneurs with Government Labs & R&D institutes for product development and market readiness.
  • Jointly, GeM and UN Women aim to promote gender-responsive procurement, strengthen hyper-local market linkages, and support SDG 5 – Gender Equality and Empowerment of All Women and Girls.
  • The MoU signing took place at the GeM office, Jeevan Bharti Building, New Delhi, in the presence of officials from UNRCO, trade associations such as Laghu Udyog Bharti, PHDCCI, SEWA Bharat, and senior officers of both organisations.

India–Germany Hold 3rd Joint Working Group Meeting on Alternative Medicine in Berlin

  • The 3rd Joint Working Group (JWG) Meeting on Alternative Medicine between the Ministry of Ayush (India) and the Federal Ministry of Health (Germany) was held from in Berlin, strengthening bilateral cooperation in traditional and integrative healthcare.

Key Highlights

  • The Indian delegation was led by Monalisha Dash, Joint Secretary, Ministry of Ayush, along with Prof. (Dr.) Rabinarayan Acharya (DG, CCRAS), Dr. Subhash Kaushik (DG, CCRH), Dr. Koustabha Upadhyay (Adviser, Ayush) and Dr. Kashinath Samagandi (Director, MDNY).
  • Key German representatives included Paul Zubeil, Head of Division for European and International Health Policy; Dr. Georg Seifert, Head of the Competence Center for Traditional and Integrative Medicine (Charité Berlin); Andrea Galle, CEO, BKK mkk; and Dr. Jaqueline Wiesner, BfArM.
  • Discussions focused on three major themes: integration of traditional medicine into public health systems, developing reimbursement pathways for improved patient access, and strengthening regulatory approval mechanisms for traditional medicine products.
  • Engagements included meetings with the Competence Center for Traditional and Integrative Medicine, Charité University, to advance collaborative research and the proposed MoU with the Ministry of Ayush.
  • The delegation also visited Community Hospital Havelhöhe, reviewing integrative care models and research practices, and held discussions with the Federal Joint Committee (G-BA) on insurance and reimbursement processes relevant to traditional medicine.
  • The mission aligns with India’s strategy to globalise Ayush systems, promote evidence-based integration, and reinforce high-value international collaborations in traditional medicine.
  • The Ministry emphasized that ongoing cooperation with Germany will support research advancement, regulatory harmonisation, and improved patient access to validated, safe, and high-quality integrative healthcare solutions.

Inland Waterways Authority of India Signs Multiple MoUs to Boost Inland Water Transport & Connectivity in Northeast India

  • The Inland Waterways Authority of India (IWAI) under the Ministry of Ports, Shipping & Waterways (MoPSW) signed two majors MoUs to strengthen Assam’s inland water transport network, one with Assam Petro-Chemicals Ltd. (APL) and another with the Government of Assam, aiming to enhance cargo and passenger movement through the state’s river systems.
  • Union Minister Sarbananda Sonowal chaired a comprehensive review of ongoing and upcoming inland waterway projects across Assam, Mizoram, Arunachal Pradesh, Manipur, Tripura, Nagaland, and Meghalaya, including Central Sector Scheme (CSS) projects.
  • The MoU with Assam Petro-Chemicals Ltd. (APL) focuses on transporting Methanol and Formalin via the Indo-Bangladesh Protocol Route (IBPR) and National Waterways, enabling exports from Bogibeel, Pandu, and Jogighopa to Bangladesh and Southeast Asia while strengthening domestic supply chains on NW-1 and NW-2.

Key Highlights

  • The initiative aligns with PM Gati Shakti – National Master Plan and supports bulk, eco-friendly transportation. APL produces 98 lakh MT of Methanol and 1.15 lakh MT of Formalin annually, and the total project investment is ₹400 crore for tanker vessels and related infrastructure.
  • IWAI will offer operational and technical support, navigation assistance, bunkering facilities, firefighting systems, and help APL develop 10 flat-bottom tanker barges (500–1,000 MT capacity). APL will oversee logistics, vessel operations, and statutory clearances.
  • The second MoU with the Government of Assam aims to develop an Urban Water Transport (UWT) System/Water Metro in Tezpur, Guwahati, and Dibrugarh, integrating water mobility with road, rail, and bus networks across the Brahmaputra.
  • The UWT project includes fairways, navigation aids, passenger terminals, and electric-hybrid passenger boats. A feasibility study is being conducted by Kochi Metro Rail Ltd. (KMRL), with a tentative cost of ₹1,000 crore (excluding land cost).
  • A review meeting at the Maritime Skill Development Centre (MSDC) discussed 15 ongoing projects and 10 CSS projects across the Northeast. Two new CSS proposals were taken up for Arunachal Pradesh and Assam, and approval was given for a Concept Study for an all-weather approach road at Bogibeel.
  • IWAI signed an MoU worth ₹500 crore with Heritage River Journeys Pvt. Ltd. to expand river cruise tourism, induct new cruise vessels, and promote premium tourism on the Brahmaputra and other waterways.
  • IWAI and DGLL signed an MoU to develop river lighthouses and supporting infrastructure at Bogibeel, Silghat, Biswanath Ghat, and Pandu along NW-2, enhancing navigation safety and promoting eco-tourism and heritage tourism.
  • A major MoU worth ₹1,000 crore with Rhenus Logistics will introduce modern tug-barges on the Ganga and Brahmaputra, improving multimodal logistics efficiency for the Northeast. Additionally, ₹299 crore has been allocated for cruise terminals at Neamati, Silghat, Biswanath Ghat, and Guijan.
  • Two additional MoUs for a Regional Centre of Excellence in Dibrugarh (₹188 crore) and development of a land parcel in Guwahati (₹55 crore) were signed, marking a major shift in Assam’s river-based economy.
  • Mizoram projects include studies on IWT infrastructure on the Tlawng and Chhimtuipui rivers, and ongoing construction under Stage-I of the ₹9.82-crore Khawthlangtuipui–Tuichawng project, featuring new terminals, HDPE floating jetties, and passenger boats.
  • In Nagaland, IWAI is preparing DPRs for IWT facilities at Doyang Lake and tourism development at Noune and Shilloi Lakes.
  • In Manipur, feasibility and DPR studies are proposed for IWT development on the Barak, Imphal, and Nambul
  • In Meghalaya, DPRs are underway for IWT infrastructure on Umiam Lake and the Umngot River (NW-106).
  • In Tripura, a ₹24.53-crore project is developing the Gumti River for navigational linkage with Bangladesh’s Meghna system, with nine floating terminals and navigation aids; a study is ongoing for a cruise service on Dumbur Lake.
  • A proposal for IWT development on the Siang River in Arunachal Pradesh includes terminals, internal infrastructure, solar facilities, floating jetties, fairway development, navigational aids, and vessels such as ferries, FRP boats, and high-speed leisure boats.
  • The Minister stated that these initiatives reflect the Government’s commitment to transforming the Northeast through modern IWT infrastructure, aiming to invest over ₹5,000 crore in coming years to boost river connectivity, tourism, cargo movement, and cross-border trade.
  • The overall initiatives represent a major step toward unlocking the economic, logistical, and tourism potential of the Northeast’s waterways and positioning the region as a key hub of inland water transport in India.

Tata Consultancy Services –TPG Launch ₹18,000-Crore HyperVault AI Data Centre Venture

  • Tata Consultancy Services (TCS) has announced a landmark joint venture with private equity firm TPG to develop AI-focused and sovereign data centres in India, with a total equity infusion of around ₹18,000 crore.
  • A new subsidiary, HyperVault AI Data Centre Ltd., has been incorporated as a wholly owned TCS entity to build and manage state-of-the-art, high-density, liquid-cooled, energy-efficient data centres capable of handling AI and non-AI workloads.
  • The equity structure is 51:49, with TPG investing up to ₹8,820 crore. TPG’s stake in HyperVault is expected to be between 27.5% and 49% depending on final agreements.
  • This marks the first instance of TCS accepting external private equity investment and debt, highlighting the strategic scale of the project.

Key Highlights

  • The venture aligns with India’s booming AI and data centre demand, with national capacity expected to jump from 5 GW to over 10 GW by 2030, driven by hyperscalers, AI companies, and cloud adoption.
  • The project will establish GW-scale data centres purpose-built for AI workloads, supporting India’s data sovereignty goals by ensuring critical data remains within the country’s borders.
  • HyperVault will strengthen compliance with emerging data protection laws and promote strategic digital autonomy.
  • This is the third collaboration between TPG and Tata Group, following partnerships in Tata Motors’ EV business and Tata Technologies, reinforcing growing global investment in India’s tech infrastructure.
  • The initiative is expected to create high-skilled jobs, enhance India’s global competitiveness in AI-driven services, and reduce dependence on foreign data storage providers, improving digital self-reliance.
  • India’s data centre sector has already attracted nearly $94 billion in investments since 2019, and the TCS–TPG joint venture adds significant momentum to future public-private technology infrastructure collaborations.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Centre Clears Major Secretary-Level Reshuffle Across Multiple Key Ministries

  • The Centre approved a major secretary-level bureaucratic reshuffle across key ministries including Petroleum, Telecom, Pharmaceuticals, Agriculture, Tourism, and Law & Justice.
  • The changes were cleared by the Appointments Committee of the Cabinet (ACC) headed by the Prime Minister.

Key Appointments and Movements

  • Neeraj Mittal (IAS, 1992 batch) appointed Secretary, Ministry of Petroleum & Natural Gas, moving from the Department of Telecommunications.
  • Neeraj Mittal earlier chaired the Digital Communications Commission, supervised BSNL’s 1 lakh 4G site rollout, and promoted indigenous telecom technology stack.
  • He now replaces Pankaj Jain, appointed as Member Secretary, Eighth Central Pay Commission.
  • Amit Agrawal (IAS, 1993 batch) appointed as Telecom Secretary, taking charge of digital governance, spectrum management, policy implementation, and telecom manufacturing expansion.
  • Agrawal earlier headed the Department of Pharmaceuticals and the Unique Identification Authority of India (UIDAI).
  • Manoj Joshi (IAS, 1989 batch) appointed as Secretary, Department of Pharmaceuticals, bringing experience in land management and regulatory coordination.
  • His role aligns with the government push for manufacturing parks, bulk drug capacity, and medical device expansion.
  • Atish Chandra (IAS, 1994 batch) appointed as Agriculture Secretary, taking charge from 1 February, replacing Devesh Chaturvedi on superannuation.
  • Chandra has experience in food and agriculture schemes and served as Special Secretary in the Prime Minister’s Office.
  • Tourism Secretary V. Vidyavathi shifted to the Department of Empowerment of Persons with Disabilities under the Ministry of Social Justice & Empowerment.
  • Srivatsa Krishna (IAS, 1994 batch) appointed as the new Tourism Secretary, known for work in technology, investment promotion, and economic planning.
  • Sunil Paliwal (IAS, 1993 batch) appointed as Chairman, Inland Waterways Authority of India, with the post upgraded to Secretary rank.
  • Anju Rathi Rana, Secretary of Legal Affairs, appointed as Member Secretary of the 23rd Law Commission of India.
  • Rajiv Mani, Secretary of the Legislative Department, given extended tenure until July 2028, and additional charge of Legal Affairs.

CURRENT AFFAIRS : DEFENCE NEWS

India’s defence manufacturing hits record ₹1.27 lakh crore in FY24, rising 174% since 2014 under Atmanirbhar Bharat

  • India’s indigenous defence production reached ₹1,27,434 crore in FY 2023–24, marking a 174% growth from FY 2014–15, driven by major reforms under Atmanirbhar Bharat.
  • India recorded its highest-ever defence production of ₹1.54 lakh crore in FY 2024–25, reflecting strong growth across DPSUs, private sector firms, and MSMEs.

Key Highlights :

  • Defence spending increased from ₹2.53 lakh crore (2013–14) to ₹6.81 lakh crore (2025–26), strengthening defence infrastructure and manufacturing capabilities.
  • India’s defence exports rose to ₹23,622 crore in FY 2024–25, up from less than ₹1,000 crore in 2014, showcasing expanding global market presence.
  • India now exports defence products to 80–100 countries, demonstrating growing international confidence in Indian defence platforms.
  • Over 16,000 MSMEs are participating in defence manufacturing, emerging as key contributors in high-value systems and components.
  • A total of 788 industrial licenses have been issued to 462 companies, enabling wider private sector participation in defence production.
  • In FY 2024–25, the Ministry of Defence signed 193 contracts worth ₹2.09 lakh crore, out of which 177 contracts were awarded to Indian companies, boosting self-reliance.
  • Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu attracted ₹9,145 crore actual investment, with ₹66,423 crore potential investment, enhancing defence manufacturing clusters.
  • FDI in defence is allowed up to 74% automatically and 100% through approval, improving opportunities for foreign OEM partnerships and technology transfer.
  • A digital portal issued 1,762 export authorisations in FY 2024–25, improving transparency and accelerating clearances.
  • The government targets ₹3 lakh crore defence production and ₹50,000 crore exports by 2029, aiming to establish India as a major global defence exporter.
  • Increasing defence R&D spending to 8–10% of the defence budget, strengthening private sector participation, and expanding defence diplomacy are key steps for future growth.

Indian Air Force’s Tejas Fighter Jet Crashes at Dubai Airshow, Pilot Killed

  • The Indian Air Force’s Tejas fighter jet crashed during a high-profile aerobatic display at the Dubai Airshow, resulting in the death of the pilot.
  • The crash occurred while performing a complex aerial manoeuvre intended to showcase the jet’s agility and combat-readiness.
  • Eyewitnesses reported the aircraft suddenly losing stability and nosediving, producing a large plume of black smoke at the crash site.
  • Experts indicated the crash may have resulted from errors during a barrel roll manoeuvre, which requires precise speed, angle, and altitude management.
  • Possible failure points include loss of lift, engine power fluctuation under high-G stress, altitude miscalculation, and control surface response issues.
  • Tejas is considered one of India’s safest indigenous fighter jets, with thousands of flying hours and minimal incidents prior to this accident.
  • The Indian Air Force (IAF) confirmed the pilot’s death and set up a formal investigation board to review flight recorders, eyewitness videos, and technical data.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

China Begins Construction of First Nuclear-Proof Floating Artificial Island

  • China is constructing a 78,000-tonne artificial island designed to withstand nuclear blasts, marking a major advancement in strategic maritime infrastructure.
  • The project features a mobile, semi-submersible, twin-hull platform capable of supporting 238 personnel for four months without resupply.
  • The structure is similar in size to China’s Fujian aircraft carrier and aims to be operational by 2028, as confirmed by project leader Lin Zhongqin.
  • The island can withstand harsh ocean conditions including 6–9 metre waves and Category 17 typhoons, the highest-rated tropical cyclones.
  • Scientists have equipped the facility with “metamaterial” sandwich panels, which convert catastrophic shock impacts into gentle compressions, offering enhanced protection.
  • It is described as a deep-sea major scientific facility designed for all-weather, long-term residency, according to Professor Yang Deqing’s team at Shanghai Jiao Tong University (SJTU).
  • Officially named the Deep-Sea All-Weather Resident Floating Research Facility, the project represents China’s far-sea floating mobile island developed after a decade of research and planning.
  • The island measures 138 metres in length and 85 metres in width, with a main deck 45 metres above sea level, providing elevated protection against marine threats.

Google Introduces On-Device Real-Time Scam Detection for Pixel Users in India to Curb Phone-Based Financial Fraud

  • Google has launched a real-time, on-device scam detection system for Pixel users in India to reduce phone-based financial fraud using privacy-preserving AI.
  • The system employs Gemini Nano AI to analyse live phone calls on-device, flagging suspicious language and alerting users without storing call recordings or transcripts.
  • A screen-sharing alert is triggered when payment apps like Google Pay, Paytm, or Navi are opened during calls from unfamiliar numbers, allowing users to end calls and screen-share instantly.
  • Google is expanding digital literacy programs, including the Learn and Explore Online programme, to provide tools for safe online engagement for teachers, parents, and students.
  • The company is developing SIM-based Enhanced Phone Number Verification to reduce reliance on SMS OTPs, enhancing financial fraud protection.
  • A verified list of legitimate digital lending apps, published with the RBI, helps users avoid unregulated operators.
  • SynthID watermarking technology is being made more accessible to help researchers and media organisations detect AI-generated images and audio.

CURRENT AFFAIRS: IMPORTANT DAYS

National Philosophy Day 2025 Observed on 20 November

  • National Philosophy Day, also known globally as World Philosophy Day, is observed every year on the third Thursday of November; in 2025, it falls on 20 November.
  • The day promotes the pursuit of wisdom, critical thinking, dialogue, and open-minded discussion to address modern social and global challenges.
  • It highlights philosophy’s role in fostering tolerance, intellectual curiosity, and respect for diverse viewpoints in an interconnected world.
  • History:
    • Initiated by UNESCO in 2002.
    • Officially recognized by the UNESCO General Conference in 2005, designating the third Thursday of November as World Philosophy Day.
    • The first official celebration took place at UNESCO Headquarters in Paris and later expanded globally through events in schools, universities, cultural institutions, and public forums.

Daily CA One- Liner: November 23 & 24

  • The Punjab State Scheduled Castes Commission has inaugurated India’s first dedicated courtroom for handling cases related to the Scheduled Caste (SC) community, marking a major step toward improving access to justice
  • The Government of Nagaland has officially announced Switzerland and Ireland as country partners for the Hornbill Festival 2025, following meetings between CM Neiphiu Rio and the ambassadors of both nations in New Delhi.
  • The Supreme Court of India delivered a landmark advisory opinion, ruling that no fixed timelines can be imposed on the President or state Governors for granting assent to Bills under Article 200 and Article 201 of the Constitution of India
  • India has expanded the Visa-on-Arrival facility for UAE nationals from six to nine international airports, adding Cochin, Calicut, and Ahmedabad to the existing airports in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad
  • The 76th National Book Awards were held in Manhattan, showcasing global literary excellence, cultural resistance, and strong political expression
  • The 74th Miss Universe pageant was held in Thailand, showcasing global culture and talent, where Fátima Bosch of Mexico won the Miss Universe 2025 title
  • Dr. L. Murugan, Minister of State for Information & Broadcasting, inaugurated the WAVES Film Bazaar 2025 during the 56th International Film Festival of India (IFFI) in Panaji, Goa
  • Government e-Marketplace (GeM) under the Ministry of Commerce and Industry and UN Women signed an MoU to strengthen empowerment and integration of women entrepreneurs, especially from the informal sector, into India’s public procurement ecosystem
  • The 3rd Joint Working Group (JWG) Meeting on Alternative Medicine between the Ministry of Ayush (India) and the Federal Ministry of Health (Germany) was held from in Berlin, strengthening bilateral cooperation in traditional and integrative healthcare
  • The Inland Waterways Authority of India (IWAI) under the Ministry of Ports, Shipping & Waterways (MoPSW) signed two majors MoUs to strengthen Assam’s inland water transport network, one with Assam Petro-Chemicals Ltd. (APL) and another with the Government of Assam, aiming to enhance cargo and passenger movement through the state’s river systems
  • Tata Consultancy Services (TCS) has announced a landmark joint venture with private equity firm TPG to develop AI-focused and sovereign data centres in India, with a total equity infusion of around ₹18,000 crore
  • The Reserve Bank of India (RBI) has initiated the realisation phase to interlink India’s Unified Payments Interface (UPI) with TARGET Instant Payment Settlement (TIPS) operated by the Eurosystem to enable seamless cross-border payments.
  • The Reserve Bank of India (RBI) imposed a total penalty of ₹7 lakh on three cooperative banks and a non-banking financial company (NBFC) for non-compliance with regulatory directions.
  • According to the Reserve Bank of India (RBI), India’s foreign exchange reserves declined by $2.70 billion to $687.03 billion for the week ended November 7,2025.
  • Moody’s projected India’s real Gross domestic product (GDP) growth at 7% in 2025, making India one of the fastest-growing major economies
  • Prime Minister Shri Narendra Modi participated in the G20 Leaders’ Summit in Johannesburg, South Africa, hosted by President Cyril Ramaphosa, marking his 12th G20 Summit appearance since 2014.
  • India and Israel signed the Terms of Reference to begin negotiations for a Free Trade Agreement (FTA), marking a major step toward expanding bilateral economic cooperation.
  • The Centre approved a major secretary-level bureaucratic reshuffle across key ministries including Petroleum, Telecom, Pharmaceuticals, Agriculture, Tourism, and Law & Justice.
  • India’s indigenous defence production reached ₹1,27,434 crore in FY 2023–24, marking a 174% growth from FY 2014–15, driven by major reforms under Atmanirbhar Bharat.
  • The Indian Air Force’s Tejas fighter jet crashed during a high-profile aerobatic display at the Dubai Airshow, resulting in the death of the pilot.
  • China is constructing a 78,000-tonne artificial island designed to withstand nuclear blasts, marking a major advancement in strategic maritime infrastructure.
  • Google has launched a real-time, on-device scam detection system for Pixel users in India to reduce phone-based financial fraud using privacy-preserving AI.
  • National Philosophy Day, also known globally as World Philosophy Day, is observed every year on the third Thursday of November; in 2025, it falls on 20 November

This post was last modified on November 25, 2025 10:31 am

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