Current Affairs One-Liner + Detailed PDF | English – 04 Dec 2025

PIB NEWS

NITI Aayog’s Frontier Tech Hub unveiled a comprehensive roadmap to transform India into a leading quantum-powered economy by accelerating R&D, commercialisation, and ecosystem development across healthcare, finance, logistics, energy, and national security sectors.

The Banking Laws (Amendment) Act 2025 amends five key banking legislations to strengthen governance, enhance depositor protection, improve public sector bank audit quality, and modernise cooperative bank regulations through phased notifications.

Government released Rs 37,000 crore central grant representing 38% of total sanctioned Gross Budgetary Support under Revamped Distribution Sector Scheme RDSS contingent upon DISCOMs achieving performance milestones.

Government approved 25 lakh additional LPG connections under Pradhan Mantri Ujjwala Yojana PMUY during FY 2025-26 to clear pending applications achieving LPG saturation with simplified eligibility via deprivation declaration.

The 8th edition of Indo-French bilateral air exercise Garuda 25 concluded at Air Base 118 Mont-de-Marsan France with IAF contingent returning home after conducting complex joint operations enhancing interoperability between IAF and French Air and Space Force.

During 23rd India-Russia Annual Summit Minister Rajiv Ranjan Singh held bilateral meeting with Russian Agriculture Minister Oxana Lut discussing expanded trade in fisheries dairy meat products market access resolution and collaboration in aquaculture deep-sea fishing technologies.

India hosts the 20th session of UNESCO’s Intergovernmental Committee for Safeguarding Intangible Cultural Heritage from 8-13 December 2025 at Red Fort New Delhi to examine nominations review existing elements and provide international

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IMPORTANT CIRCULARS

Reserve Bank issued six Amendment Directions repealing 2016 Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism consolidated in Concentration Risk Management IRACP Capital Adequacy Directions incorporating October 1 2025 draft feedback.

Reserve Bank issued Amendment Directions for Commercial Banks Small Finance Banks consolidating Gold Metal Loans GML regulations filling prudential gaps expanding scope providing operational freedom incorporating September 29 2025 draft feedback.

Reserve Bank issued three Repeal Directions one Amendment Direction consolidating business authorisation norms for Urban Co-operative Banks UCBs State Co-operative Banks StCBs District Central Co-operative Banks DCCBs incorporating July 28 2025 draft Master Direction feedback.

Reserve Bank issued ten Amendment Directions across commercial small finance local area regional rural urban rural co-operative banks financial institutions NBFCs ARCs CICs transitioning fortnightly to weekly incremental credit information submission improving CIR recency accuracy.

Reserve Bank issued seven Amendment Directions across commercial small finance payments local area regional rural urban rural cooperative banks modernising Basic Savings Bank Deposit BSBD accounts incorporating October 1 2025 draft feedback.

Reserve Bank issued final Amendment Directions to Large Exposures Framework LEF and Intragroup Transactions Exposures incorporating stakeholder feedback on September 29 2025 drafts rationalising foreign bank branches exposures to head

INDUSTRY NEWS

India’s nuclear power capacity will increase from 8,780 MW to 9,480 MW by FY26 end, 13,480 MW by FY30 and 21,880 MW by 2031-32 through commissioning of PHWR projects under implementation and pre-project stages.

Ministry of Road Transport Highways engaged IIT Kanpur to scientifically identify eliminate black spots on national highways using AI analytics reducing accident fatalities through engineering interventions.

Japan’s JFE Steel invests Rs 15,750 crore in joint venture with JSW Steel to operationalise Bhushan Power Steel targeting 10 MT annual capacity by 2030 through advanced technology integration brownfield expansion

World Economic Forum projects green economy exceeding $7 trillion annual value by 2030 driven by clean energy sustainable agriculture circular economy creating millions of jobs transforming global GDP composition.

FINANCIAL NEWS

Fitch Ratings upgraded FY26 India GDP growth forecast to 7.4% from 6.9% citing strong private consumer spending improved sentiment GST reforms following Q2 8.2% expansion.

RBI Monetary Policy Committee announced December 2025 rate cut maintaining accommodative stance responding to historically low CPI inflation while monitoring core inflation recovery strong growth trajectory.

RBI enables India UPI acceptance Cambodia expanding cross-border digital payments tourists Indian diaspora leveraging interoperable QR payment infrastructure.

Reserve Bank extended credit information reporting norms deadline July 1 2026 providing banks NBFCs additional preparation time ensuring comprehensive borrower data coverage.

NATIONAL & STATES NEWS

Karnataka Industries Minister MB Patil directs drafting vision document targeting $150 billion investments in mobile electronic product manufacturing design running parallel to Centre’s Rs 22,900 crore electronics components scheme.

Chhattisgarh government disburses 22nd instalment under Mahatari Vandan Yojana direct benefit transfer scheme empowering married women through monthly financial assistance enhancing household economic security.

Madhya Pradesh government amends Film Tourism Policy offering enhanced incentives financial assistance promoting state as film shooting destination boosting tourism employment local economies.

Miscellaneous

Sir Tom Stoppard Britain’s celebrated playwright known for Rosencrantz and Guildenstern Are Dead Shakespeare in Love died peacefully at home in Dorset aged 88 surrounded by family as announced by agents United Agents.

International Day of Banks observed December 4 underscores the banking sector’s pivotal role in financial inclusion, economic growth and sustainable development, mobilising USD 100 trillion+ global credit annually.

Aparna Garg IRAS 1987 batch officer assumed charge as Member Finance Railway Board effective December 1 2025 for three months additional to her DG IRIFM role bringing 36 years financial management expertise.

Reserve Bank approved Vikram Sahu appointment CEO Bank America India operations internal memo confirms regulatory clearance for leadership transition strengthening US bank’s India growth strategy.

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