Daily Current Affairs 27th Aug 2025 | Latest News | Download PDF

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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

PhonePe launches affordable home insurance product for homeowners

• PhonePe has introduced a new home insurance product line designed to be a simple and affordable solution for homeowners.
• The plan is an end-to-end digital offering available directly on the PhonePe app.

Key Features of the Home Insurance Plan

• Affordable Premiums: Premiums start at just ₹181 per year, including GST.
• Flexible Coverage: The coverage ranges from ₹10 lakhs up to ₹12.5 crore, allowing customers to select a plan that fits their specific home and budget.
• Comprehensive Protection: The policy covers both the structure and contents of the home against more than 20 risks, including fire, floods, earthquakes, riots, and theft.
• Broad Eligibility: It is available to all homeowners, with or without an existing home loan, addressing a gap in the market where most plans are bundled with loans at a higher cost.
• Ease of Use: The entire process, from purchase to policy issuance, is 100% digital, with zero paperwork or inspection.
• The policy is also accepted by all banks and lending institutions for home loan requirements.

About PhonePe:

• Headquarters: Bengaluru, Karnataka, India
• Founded: 2015
• CEO: Sameer Nigam

Finance Ministry Launches One-Time Option to Shift from Unified Pension Scheme to National Pension System

• The Union Finance Ministry has introduced a one-time, one-way switch facility allowing central government employees to move from the Unified Pension Scheme (UPS) to the National Pension System (NPS).

Key Highlights :

• Switch Facility: The facility allows employees who have opted for the UPS to switch to the NPS.
• This is a one-way switch, meaning the decision is irreversible.
• Timeline: The switch can be exercised at any time, but not later than one year before superannuation or three months before voluntary retirement.
• Eligibility: Employees facing disciplinary action, dismissal, or removal are not eligible for this facility.
• Benefits: Once an employee switches to the NPS, they will no longer be entitled to the assured payouts and benefits of the UPS.
• Instead, the government’s 4% differential contribution will be added to their individual NPS corpus.
• Background: The UPS was introduced on April 1, 2025, as an option under the NPS for central government employees.
• It provides assured payouts upon retirement, unlike the market-linked NPS.
• Enrollment Data: As of July 20, 2025, approximately 31,555 central government employees had opted for the UPS.
• The last date to enroll in the UPS is September 30, 2025.

Fitch Ratings Reaffirms India’s Sovereign Credit Rating at ‘BBB-’ with Stable Outlook, Lowest Investment Grade    

• Fitch Ratings has affirmed India’s sovereign credit rating at ‘BBB-’ with a stable outlook.
• This is the lowest investment-grade rating.
• The agency’s decision is underpinned by India’s robust economic growth and solid external finances.
• Fitch’s forecast for India’s GDP growth is 6.5% for the fiscal year ending March 2026 (FY26), which is unchanged from FY25.
• This figure is significantly higher than the median of 2.5% for other countries with a ‘BBB’ rating.
• The agency also projects India’s medium-term growth potential at 6.4%, driven by strong public spending on infrastructure, a potential pick-up in private investment, and favorable demographics.

Key Highlights :

• Fitch identified the proposed 50% US tariffs on Indian exports as a moderate downside risk to its growth forecast.
• However, it believes the direct impact on GDP will be modest since exports to the US account for only 2% of GDP.
• The report notes that proposed Goods and Services Tax (GST) reforms could help mitigate these risks by supporting consumption.
• The proposed GST reforms include a simplified two-tier rate structure of 5% and 18% for most goods and services, and a 40% rate for “sin” or luxury goods, which would replace the existing 12% and 28% slabs.

Comparison with Other Agencies

• The affirmation of India’s rating by Fitch comes shortly after two other global rating agencies upgraded India.
• S&P Global recently upgraded India’s credit rating by a notch to ‘BBB’, its first upgrade for the country in over 18 years.
• Morningstar DBRS also upgraded India’s rating to ‘BBB’ in May 2025, citing the country’s structural reforms.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Andhra Pradesh Chief Minister Launches ₹1 Crore Insurance Scheme for Municipal Workers

• Chief minister of Andhra Pradesh, N. Chandrababu Naidu announced a comprehensive insurance scheme for municipal staff, during the Swachh Andhra–Swarna Andhra campaign at Peddapuram, Kakinada district.
• The scheme provides ₹1 crore life insurance cover for regular municipal workers in case of accidental death.

Key Highlights

• Families of outsourced workers will receive ₹20 lakh cover in case of accidental death.
• In cases of permanent disability, the same compensation amounts will apply.
• The scheme also offers education assistance up to ₹8 lakh for children of both municipal and outsourced workers.
• The initiative aims to ensure financial security for families of civic workers who face high-risk working conditions.
• It extends institutional support to outsourced workers, often the most vulnerable group.
• The move reflects human-centric governance under Naidu’s vision of “Swarna Andhra” (Golden Andhra Pradesh) and strengthens trust between the government and civic staff, while aligning with Swachh Bharat-inspired welfare measures

RECENT NEWS

• In a significant move to enhance Andhra Pradesh’s global tourism appeal, the Andhra Pradesh Tourism Development Corporation (APTDC) has partnered with Mastercard, a leading global payments company.

About Andhra Pradesh:

• Chief Minister: N. Chandrababu Naidu
• Governor: S. Abdul Nazeer
• Capital: Amaravati
• National Parks: Sri Venkateswara National Park, Papikonda National Park
• Wildlife Sanctuaries: Coringa Wildlife Sanctuary, Pulicat Lake Bird Sanctuary, Kambalakonda Wildlife Sanctuary, Rollapadu Wildlife Sanctuary, Krishna Wildlife Sanctuary

Prime Minister Narendra Modi Inaugurates and Lays Foundation for Development Works worth ₹5,400 Crore in Ahmedabad, Gujarat

• Prime Minister Narendra Modi inaugurated, laid the foundation stone, and dedicated development works worth ₹5,400 crore in Ahmedabad, Gujarat.
• Major projects include railway projects worth ₹1,400 crore, such as doubling of the Mahesana–Palanpur Rail Line (65 km), gauge conversion of the Kalol–Kadi–Katosan Road (37 km) and Bechraji–Ranuj (40 km) rail lines.
• Passenger train between Katosan Road & Sabarmati was flagged off; car-loaded freight train service from Bechraji was also launched.
• PM inaugurated power distribution projects worth over ₹1,000 crore in Ahmedabad, Mehsana, Gandhinagar under the Revamped Distribution Sector Scheme (RDSS), aimed at reducing breakdowns, modernizing networks, and strengthening infrastructure.
• Urban infrastructure projects launched include:
  • Development of slums at Ramapir No Tekro (PMAY-U)
  • Widening of Sardar Patel Ring Road into six lanes
  • New underpasses and railway overbridges in Ahmedabad region
  • Strengthening of water and sewerage management systems.
• Foundation stone laid for State-Level Data Storage Centre in Gandhinagar and new Stamps & Registration Building in Ahmedabad West.
• Under PM Surya Ghar Muft Bijli Yojana, around 6 lakh families in Gujarat already benefited with savings of ₹3,000 crore in power bills.

About Gujarat:

• Chief Minister: Bhupendra Patel
• Governor: Acharya Devvrat
• Capital: Gandhinagar
• National Parks: Gir National Park, Blackbuck National Park, Vansda National Park, Marine National Park
• Wildlife Sanctuaries: Nal Sarovar Bird Sanctuary, Velavadar Blackbuck Sanctuary, Kutch Desert Wildlife Sanctuary, Barda Wildlife Sanctuary, Purna Wildlife Sanctuary

RECENT NEWS

• Gujarat has become the first Indian state to launch a Tribal Genome Sequencing Project, aimed at improving healthcare for tribal communities through genetic research. The initiative focuses on early detection of hereditary diseases and development of personalised medical solutions using genome data.

India Hosts 3GPP RAN Working Group Meetings in Bengaluru for the First Time

• The 3GPP Radio Access Networks (RAN) Working Group meetings (RAN1–RAN5) were inaugurated at Whitefield, Bengaluru, and will continue till 29th August 2025.
• The event is supported by the Department of Telecommunications (DoT), Ministry of Communications, and hosted by the Telecommunications Standards Development Society, India (TSDSI).
• This is the first time in India that discussions on 6G standardization under 3GPP Release 20 are being held, along with the finalization of Release 19 (5G Advanced) specifications.

Key Highlights:

• TSDSI is India’s recognized Standards Development Organization (SDO) and one of the seven organizational partners of 3GPP, the global body responsible for framing specifications for 5G and 6G technologies.
• The Bengaluru meetings mark a historic milestone as they host the highest-ever participation in any 3GPP Working Group meeting, with over 1,500 delegates from more than 50 countries.

India Releases First-Ever National Guidelines for Veterinary Blood Transfusion Services

• The Department of Animal Husbandry and Dairying issued the first national guidelines for veterinary blood transfusion services.
• The framework standardizes animal blood donation, storage, and transfusion to improve animal welfare, biosafety, and One Health integration.

Key Highlights:

• Earlier, transfusions were done without protocols, with no proper donor screening, blood typing, or biosafety measures, often leading to adverse reactions.
• The guidelines mandate blood typing, cross-matching, donor health checks, and vaccination status.
• Introduce a voluntary donation model with a Donor Rights Charter ensuring ethical practices.
• States will establish veterinary blood banks meeting biosafety and regulatory standards for safe storage and handling.
• A National Veterinary Blood Bank Network will be developed with donor registries, real-time inventory tracking, and an emergency helpline.
• Future developments include mobile blood collection units, rare blood type preservation, and donor-matching apps.
• Veterinary curriculum will integrate new training modules on transfusion practices, awareness, and ethics.
• India has 537 million livestock and 125 million companion animals; the sector contributes 5.5% of national GDP and over 30% of agricultural GDP.
• The guidelines will strengthen animal healthcare, rural livelihoods, food security, and India’s agrarian economy.

Fijian Prime Minister Sitiveni Rabuka’s Official Visit to India Strengthens Bilateral Ties

• Fijian Prime Minister Sitiveni Rabuka’s 3-day official visit to India marked a major milestone in India–Fiji bilateral relations.
• The visit resulted in multiple MoUs, agreements, and cooperation announcements in healthcare, infrastructure, mobility, standards, capacity building, defence, and culture under the spirit of “Veilomani Dosti” (affectionate friendship).
• Major agreements signed:
  • MoU for a Super-Specialty Hospital Project in Fiji (design, construction, commissioning, operation, and maintenance).
  • Agreement to supply affordable medicines under India’s Janaushadhi Scheme between HLL Lifecare Ltd. and Fiji’s Ministry of Health.
  • MoU between Bureau of Indian Standards (BIS) and DNTMS (Fiji) for cooperation on quality and technical standards.
  • Digital Skilling MoU between NIELIT (India) and Pacific POLYTECH.
  • India extended Quick Impact Project (QIP) grant assistance for fast-track projects.
  • Migration & Mobility Pact signed to enhance workforce mobility.
  • Fiji handed over lease deed of Indian Chancery building in Suva.
  • A Joint Statement issued reaffirming stronger partnership.

About Fiji

• Capital: Suva
• Currency: Fijian Dollar
• Prime minister: Sitiveni Rabuka

Government e Marketplace (GeM) Crosses ₹15 Lakh Crore Cumulative GMV Since 2016

• Government e Marketplace (GeM) achieved ₹15 lakh crore (US$ 171.3 billion) cumulative Gross Merchandise Value (GMV) since its launch in 2016.
• It is a digital procurement platform connecting government departments with MSEs, startups, women-led businesses, SC/ST enterprises, and Self-Help Groups (SHGs).

Key Highlights:

• GeM facilitates online procurement of common use Goods & Services required by various Government Departments / Organisations / PSUs.
  • • The initiative was launched in August 2016, by the Ministry of Commerce and Industry, Government of India.
    • The current version of GeM, i.e., GeM 4.0 was launched on September, 2020.
    • The Union Government on 14th January 2019 launched the Womaniya on Government e-Marketplace Portal.
    • It is an initiative that enables women entrepreneurs and women self-help group to sell handicrafts and handloom, accessories, jute and coir products, home décor and office furnishings, directly to various Government ministries, departments and institutions.
• It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money and aims to enhance transparency, efficiency and speed in public procurement.

• GeM CEO: Shri Mihir Kumar
• GeM contributes to Atmanirbhar Bharat and aligns with the vision of Viksit Bharat 2047.

CURRENT AFFAIRS : INTERNATIONAL NEWS

Nepal becomes member of India-led International Big Cat Alliance

• On August 24, 2025, Nepal officially joined the International Big Cat Alliance (IBCA), an India-led initiative for the conservation of seven major big cat species globally.

Key Details of the IBCA

• Objective: The IBCA is a coalition aimed at protecting and conserving seven species of big cats: tiger, lion, leopard, snow leopard, cheetah, jaguar, and puma.
• India’s Role: India, which has a successful history with its Project Tiger, launched the IBCA on April 9, 2023, in Mysuru, Karnataka.
• India’s long-standing experience in tiger conservation and other species serves as a foundational model for the alliance.
• Global Collaboration: The alliance provides a platform for big cat range countries and other interested nations to share experiences, mobilize resources, and work together on conservation efforts.
• It currently includes a coalition of over 90 countries.

Nepal’s Contribution

• Member Status: Nepal formally joined the IBCA by signing the Framework Agreement.
• Local Species: Nepal’s participation is particularly significant as its landscape is home to three of the seven big cat species: the snow leopard, tiger, and common leopard.
• Conservation Success: Nepal has a notable conservation success story of its own, having nearly tripled its tiger population from 121 in 2009 to 355 in 2022 (the latest census).
• This achievement demonstrates its commitment to conservation and makes its expertise a valuable asset to the alliance.

About Nepal :

• President : Ram Chandra Poudel
• Prime Minister : K. P. Sharma Oli
• Capital : Kathmandu
• Currency : Nepalese rupee

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Reserve Bank of India’s Rajiv Ranjan appointed Vice President of New Development Bank

• Rajiv Ranjan, an Executive Director at the Reserve Bank of India (RBI), has been appointed as Vice President and Chief Risk Officer of the New Development Bank (NDB), a multilateral bank founded by the BRICS nations (Brazil, Russia, India, China, South Africa).
• His appointment is for a five-year term, and he is expected to assume his new role from September 2025.
• He has been a member of the RBI’s rate-setting body, the Monetary Policy Committee (MPC), since May 2022.
• He previously served as the head of the Monetary Policy Department and secretary to the MPC.
• He also has international experience, including a stint at the Central Bank of Oman from 2012-15.
• He will be replaced in the MPC by Indranil Bhattacharyya, who was nominated by the RBI board.
• The NDB, which is headquartered in Shanghai, aims to mobilize resources for infrastructure and sustainable development projects in emerging and developing countries.

IndusInd Bank board names Rajiv Anand as Managing Director and Chief Executive Officer

• The IndusInd Bank board has approved the appointment of Rajiv Anand as the new Managing Director (MD) and Chief Executive Officer (CEO).
• His three-year tenure officially began on August 25, 2025.
• Following his assumption of charge, the bank’s Committee of Executives and the Oversight Committee of the board have been dissolved.

About Rajiv Anand :

• Rajiv Anand is a qualified Chartered Accountant with a degree in Commerce.
• Prior to this appointment, he was the Deputy Managing Director at Axis Bank, where he was in charge of the wholesale banking business and the bank’s digital strategy.
• He previously served as the founding MD & CEO of Axis Asset Management Company in 2009.
• He then transitioned to President of Retail Banking at Axis Bank before being inducted into the board and heading wholesale banking.

Appointments Committee of the Cabinet assigns 15 IAS officers to various ministries

• The Appointments Committee of the Cabinet (ACC) has approved the postings of 15 senior IAS and IPS officers across various government ministries and bodies.
• This significant bureaucratic reshuffle affects key sectors including defence, finance, culture, and women and child development.

Key Appointments :

• Manish Bhardwaj (IAS: 1997, Gujarat cadre) has been appointed as Secretary of the National Disaster Management Authority (NDMA) within the Ministry of Home Affairs.
• Sanjay Rastogi (IAS: 1991, Odisha cadre) has been appointed Director General of the National Archives of India in the Ministry of Culture.
• Lav Aggarwal (IAS: 1996, AP cadre) takes over as Additional Secretary in the Ministry of Women and Child Development, replacing Gyanesh Bharti (IAS: 1998), who has been appointed Deputy Election Commissioner in the Election Commission of India.
• A.Anbarasu (IAS: 1996) has been named Additional Secretary and Director General (Acquisition) in the Ministry of Defence.
• Pawan Kumar Sharma (IAS: 1999) has received an in-situ upgradation to the rank of Additional Secretary in the Ministry of Defence.
• Anil Kumar Singhal (IAS: 1993) has been appointed Chief Executive Officer of the National Rainfed Area Authority in the Ministry of Agriculture and Farmers’ Welfare.
• Sudeep Jain (IAS: 1994) is the new Member Secretary of the National Commission for Women (NCW) under the Ministry of Women and Child Development.
• Dheeraj Sahu (IAS: 1996) has been moved to the Ministry of Education as Additional Secretary in the Department of School Education and Literacy.

Other Appointments :

• Hirdesh Kumar (IAS: 1999) will assume the role of CEO of NATGRID in the Ministry of Home Affairs.
• Diwakar Nath Misra (IAS: 2000) has been appointed Additional Secretary in the Department of Revenue, Ministry of Finance.
• Akhil Kumar (IPS: 1994) has been named Managing Director and CEO of the Digital India Corporation under the Ministry of Electronics and IT.

Ex-Central Reserve Police Force director general Anish Dayal Singh named Deputy National Security Adviser

• Anish Dayal Singh, a retired 1988-batch Indian Police Service (IPS) officer from the Manipur cadre, has been appointed as the new Deputy National Security Advisor (NSA).
• His primary mandate in this role is to handle internal affairs, including security issues in Jammu and Kashmir, as well as Naxal and Northeastern insurgencies.
• He brings nearly three decades of experience from his service in the Intelligence Bureau (IB) and as the Director General of the Indo-Tibetan Border Police (ITBP) and the Central Reserve Police Force (CRPF).
• During his tenure as CRPF chief, he spearheaded key initiatives, such as the establishment of new battalions and forward operating bases to combat Naxalism, and the realignment of over 130 CRPF battalions to improve operational efficiency and provide troops with more “family time.”
• He also championed a new policy, recently approved by the Ministry of Home Affairs (MHA), to grant honorary ranks to retiring personnel of the Central Armed Police Forces (CAPFs) to address stagnation in promotions.
• He joins a team of other senior security officials, including Additional NSA Rajinder Khanna and Deputy NSAs T. V. Ravichandran and Pawan Kapoor.

CURRENT AFFAIRS: MOUS AND AGREEMENT

India-Japan Hold Ministerial-Level Energy Dialogue to Strengthen Clean Energy Partnership

• India and Japan are strengthening their partnership under the Japan-India Clean Energy Partnership, focusing on energy security, clean energy transition, and climate change mitigation.
• The cooperation is institutionalized through the India-Japan Energy Dialogue and sectoral Joint Working Groups (JWGs).
• A Ministerial-level India-Japan Energy Dialogue was held via video conferencing.

Key Highlights:

• The dialogue was co-chaired by Shri Manohar Lal, Minister of Power & Housing and Urban Affairs (India), and Mr. Muto Yoji, Minister of Economy, Trade and Industry (Japan).
• Indian ministries including MoP, MNRE, MoPNG, and Ministry of Coal gave presentations on progress achieved under JWGs and future cooperation pathways.
• The Ministers:
  • Reaffirmed commitment to energy security and inclusive growth.
  • Welcomed progress in areas like energy efficiency, clean hydrogen, ammonia, renewable energy.
  • Agreed to expand cooperation in Carbon Capture, Utilization and Storage (CCUS), green chemicals, biofuels, and advanced technologies in the energy sector.
• Both sides emphasized that the India–Japan partnership will play a pivotal role in advancing secure, resilient, and sustainable energy systems in the Indo-Pacific region.

About Japan

• Capital: Tokyo
• Prime minister: Shigeru Ishiba
• Currency: Japanese yen (¥)

Indian Renewable Energy Development Agency Limited Signs Performance-Based MoU with Ministry of New and Renewable Energy for FY 2025-26

• Indian Renewable Energy Development Agency Limited (IREDA) signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), Government of India.
• The MoU was signed by Shri Santosh Kumar Sarangi, Secretary, MNRE and Shri Pradip Kumar Das, CMD, IREDA at Atal Akshay Urja Bhawan, New Delhi, in the presence of senior officials.

Key Highlights

• Revenue from Operations target for FY 2025-26 has been set at ₹8,200 crores.
• In FY 2024-25, IREDA exceeded its target by achieving ₹6,743.32 crores against the target of ₹5,957 crores.
• The MoU includes performance parameters such as:
  • Return on Net Worth
  • Return on Capital Employed
  • NPA to Total Loans
  • Asset Turnover Ratio
  • EBTDA and others
• IREDA has earned an ‘Excellent’ MoU rating for four consecutive years since FY 2020-21.
• For FY 2023-24, IREDA was ranked:
  • Top performer in the NBFC and Power sector
  • Among the Top 4 CPSEs across sectors (from a list of 84 CPSEs issued by the Department of Public Enterprises).

India and World Food Programme Sign Letter of Intent to Supply Fortified Rice for Global Hunger Relief

• The Government of India and the World Food Programme (WFP) signed a Letter of Intent (LoI) to strengthen collaboration in addressing the global hunger crisis.
• Under this initiative, the Department of Food and Public Distribution (DFPD) will supply fortified rice from India to meet the food and nutritional needs of vulnerable populations in crisis zones worldwide.
• The partnership highlights India’s role as an agricultural surplus nation contributing to global humanitarian aid.

Key Highlights:

• The LoI follows discussions held during the February 2025 WFP Executive Board side event in Rome, focusing on ways to ensure dependable food grain supply for humanitarian distribution.
• Ongoing collaborative efforts include: Supply Chain Optimization, Fortified Rice Rollout, Annapurti Devices (Grain ATMs), Jan Poshan Kendra, Smart Warehousing Technology, and Flospans (Mobile Storage Units).

About World Food Programme

• Headquarters: Rome, Italy
• Founders: Food and Agriculture Organization, United Nations General Assembly
• Founded: 1961

CURRENT AFFAIRS: RANKING AND INDEX

IMD Smart City Index 2025 Released: Zurich Tops, Indian Cities Lag Outside Top 20

• The IMD Smart City Index 2025 was released by the International Institute for Management Development (IMD).
• A smart city is defined as an urban setting that applies technology to enhance urban life for citizens.
• Rankings are based on five parameters – Health & Safety, Mobility, Activities, Opportunities, and Governance.

Key Highlights:

• Top 5 Smart Cities 2025:
  1. Zurich (Switzerland) – Rank 1 (unchanged)
  2. Oslo (Norway) – Rank 2 (unchanged)
  3. Geneva (Switzerland) – Rank 3 (▲1)
  4. Dubai (UAE) – Rank 4 (▲8)
  5. Abu Dhabi (UAE) – Rank 5 (▲5)
• Zurich remains the world’s smartest city.
• Dubai (+8) and Abu Dhabi (+5) show fastest improvement, highlighting the Middle East’s rising urban leadership.
• Singapore slips from 5th to 9th, Canberra drops from 3rd to 8th.
• Indian City Rankings 2025:

• • Delhi – Rank 104 (CC rating) – highest ranked Indian city.
  • Mumbai – Rank 106 (CC rating).
  • Hyderabad – Rank 109 (CCC rating).
  • Bengaluru – Rank 110 (CC rating).

• Indian cities lag behind due to infrastructure gaps, governance hurdles, and weak sustainable mobility systems.
• Other Global Shifts:

• • Ljubljana (Slovenia) rose from 32nd to 16th.
  • Taipei City (Taiwan) slipped from 16th to 23rd.
  • New entrants 2025: AlUla (Saudi Arabia), Astana (Kazakhstan), Caracas (Venezuela), Kuwait City (Kuwait), Manama (Bahrain), and San Juan (Puerto Rico).

CURRENT AFFAIRS : DEFENCE NEWS

Indian Naval Ship Kadmatt completes three-day port visit to Surabaya, Indonesia

• Indian Naval Ship (INS) Kadmatt, an indigenously built anti-submarine warfare (ASW) corvette, successfully completed a three-day port call in Surabaya, Indonesia.
• The visit strengthened maritime cooperation and reinforced the partnership between the Indian Navy and the Indonesian Navy (TNI AL).
• The port call, which concluded on August 23, 2025, included a variety of professional and cultural engagements aimed at enhancing mutual understanding and operational synergy between the two navies.
• Key activities included professional interactions, cross-deck visits, and community outreach. The crew also participated in a joint yoga session and a friendly volleyball match to foster camaraderie.
• The visit of INS Kadmatt reaffirms the Indian Navy’s role as a preferred security partner in the region, in line with the shared vision of ‘Partnership Across Sea’ between India and Indonesia.

Daily CA One- Liner: August 27

• Chief minister of Andhra Pradesh, N. Chandrababu Naidu announced a comprehensive insurance scheme for municipal staff, during the Swachh Andhra–Swarna Andhra campaign at Peddapuram, Kakinada district
• Prime Minister Narendra Modi inaugurated, laid the foundation stone, and dedicated development works worth ₹5,400 crore in Ahmedabad, Gujarat
• The 3GPP Radio Access Networks (RAN) Working Group meetings (RAN1–RAN5) were inaugurated at Whitefield, Bengaluru, and will continue till 29th August 2025
• The Department of Animal Husbandry and Dairying issued the first national guidelines for veterinary blood transfusion services.
• Fijian Prime Minister Sitiveni Rabuka’s 3-day official visit to India marked a major milestone in India–Fiji bilateral relations
• Government e Marketplace (GeM) achieved ₹15 lakh crore (US$ 171.3 billion) cumulative Gross Merchandise Value (GMV) since its launch in 2016.
• India and Japan are strengthening their partnership under the Japan-India Clean Energy Partnership, focusing on energy security, clean energy transition, and climate change mitigation
• Indian Renewable Energy Development Agency Limited (IREDA) signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), Government of India
• The Government of India and the World Food Programme (WFP) signed a Letter of Intent (LoI) to strengthen collaboration in addressing the global hunger crisis
• The IMD Smart City Index 2025 was released by the International Institute for Management Development.
• PhonePe has introduced a new home insurance product line designed to be a simple and affordable solution for homeowners.
• The Union Finance Ministry has introduced a one-time, one-way switch facility allowing central government employees to move from the Unified Pension Scheme (UPS) to the National Pension System (NPS).
• Fitch Ratings has affirmed India’s sovereign credit rating at ‘BBB-’ with a stable outlook.
• On August 24, 2025, Nepal officially joined the International Big Cat Alliance (IBCA), an India-led initiative for the conservation of seven major big cat species globally.
• Rajiv Ranjan, an Executive Director at the Reserve Bank of India (RBI), has been appointed as Vice President and Chief Risk Officer of the New Development Bank (NDB), a multilateral bank founded by the BRICS nations (Brazil, Russia, India, China, South Africa).
• The IndusInd Bank board has approved the appointment of Rajiv Anand as the new Managing Director (MD) and Chief Executive Officer (CEO).
• The Appointments Committee of the Cabinet (ACC) has approved the postings of 15 senior IAS and IPS officers across various government ministries and bodies.
• Anish Dayal Singh, a retired 1988-batch Indian Police Service (IPS) officer from the Manipur cadre, has been appointed as the new Deputy National Security Advisor (NSA).
• Indian Naval Ship (INS) Kadmatt, an indigenously built anti-submarine warfare (ASW) corvette, successfully completed a three-day port call in Surabaya, Indonesia.