Current Affairs One-Liner + Detailed PDF | English –02 Dec 2025

PIB NEWS

Dr Jitendra Singh launched the indigenous Hansa-3(NG) trainer aircraft and highlighted India’s journey towards becoming a global aviation hub powered by homegrown technology and industry collaboration.

India marked its debut at the WorldSkills Asia Competition 2025 with a commendable 8th-place finish, winning multiple medals and Medallions for Excellence.

The Index of Industrial Production (IIP) for October 2025 shows mixed sectoral performance, with moderate growth in mining and electricity and a slight contraction in manufacturing based on quick estimates.

The Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme focuses on skill development, entrepreneurship, and education support for six notified minorities, including reservation for persons with disabilities.

Jan Shikshan Sansthan (JSS) Scheme aims to increase household income of non-literates, neo-literates, and school dropouts aged 15-45 through skill training, primarily benefiting women, SCs, STs, OBCs, and minorities in rural and urban low-income areas.

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IMPORTANT CIRCULARS

The Reserve Bank of India released the National Strategy for Financial Inclusion (NSFI) 2025-30, outlining five strategic objectives, called Panch-Jyoti, and 47 action points to enhance equitable and effective financial inclusion across India.

The Reserve Bank of India has reported that 98.39% of ₹2000 banknotes in circulation as on May 19, 2023, have been returned, with ₹2000 notes continuing to be legal tender amid ongoing exchange facilities at RBI offices.

The Reserve Bank of India has appointed Smt. Usha Janakiraman as Executive Director, effective December 1, 2025, to oversee the Department of Supervision (Risk, Analytics, and Vulnerability Assessment).

The Reserve Bank of India released the Annual Report of the Ombudsman Scheme for April 1, 2024, to March 31, 2025, covering activities under RB-IOS, 2021, major consumer education and protection developments, and the roadmap ahead.

SEBI introduced the Informal Guidance Scheme 2025 effective from December 1, 2025, to provide a streamlined, centralised process for market participants seeking non-binding regulatory guidance on SEBI laws through No-Action and Interpretive Letters.

INDUSTRY NEWS

Coal India Limited’s coal production dropped by 3.7% to 453.5 million tonnes during April-November 2025 compared to 471 million tonnes in the previous year, despite government efforts to ramp up domestic output.

The Government of India tabled the Central Excise Amendment Bill 2025 to impose fresh excise levies on tobacco products including cigarettes, pan masala, and gutkha.

Fast-Moving Consumer Goods (FMCG) giants in India are strategically acquiring and scaling small brands to diversify product portfolios and gain competitive market advantage.

Agricultural credit disbursal is projected to increase by 13% to Rs 32.5 lakh crore in the financial year 2025-26 to support farmers and boost rural economy.

FINANCIAL NEWS

The Unified Payments Interface registered a marginal 1% decrease in transaction volume in November 2025 to 20.47 billion transactions valued at ₹26.32 trillion, while average daily transactions rose to 682 million, sustaining strong digital payment activity nationwide.

India’s private equity (PE) and venture capital (VC) investments surged to USD 5.3 billion across 102 deals in October 2025, marking a 9% year-on-year increase despite a decline in the total number of deals.

India’s current account deficit (CAD) narrowed to USD 12.3 billion (1.4% of GDP) in the second quarter of 2025-26, supported by resilient exports and moderating imports.

Crisil has revised India’s GDP growth forecast for 2025-26 upward to 7% following robust economic expansion in the second quarter.

The government may raise its asset monetisation target for the financial year 2025-26 to approximately Rs 11 lakh crore to accelerate infrastructure financing.

NATIONAL & STATES NEWS

The Government of India and the Asian Development Bank (ADB) signed loans totalled over USD 800 million for projects in Maharashtra, Madhya Pradesh, and Gujarat, along with a USD 1 million technical assistance grant for a fisheries and wetlands project in Assam.

More than 10 lakh beneficiaries in Jammu & Kashmir obtained credit worth Rs 43,000 crore during the first half of financial year 2025-26, across sectors like agriculture, MSMEs, and housing.

Italy has officially acknowledged femicide as a distinct crime, reinforcing legal protections and societal awareness against gender-based violence.

Miscellaneous

India clinched the Sultan Azlan Shah Cup 2025 title by defeating Belgium in the final, marking a significant victory in international hockey.

The 56th edition of International Film Festival of India (IFFI) concluded in Goa with the Marathi film Skin of Youth winning the prestigious Golden Peacock award for Best Feature Film.

Mondo Duplantis (Sweden) and Sydney McLaughlin-Levrone (USA) have been named the World Athletes of the Year for their outstanding performances in track and field events.

World AIDS Day 2025 focuses on continuing efforts to combat HIV/AIDS globally with the theme emphasizing sustained awareness, prevention, treatment, and support. – 1st Dec 2025

Vivek Chaturvedi, a 1990 batch Indian Revenue Service (Customs & Indirect Taxes) officer, was appointed Chairman of CBIC effective from December 1, 2025, succeeding Sanjay Kumar Agarwal.

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