MTO Current Affairs One Liner: 03-October-2025

Union Minister Dr Jitendra Singh praised SCTIMST, Thiruvananthapuram, for developing high-quality, affordable indigenous medical devices and called for scaling up production to promote India as a global hub for cost-effective healthcare.
The reduction of GST rates from 12% to 5% on handicrafts, agriculture, tourism, and local specialties in Jammu and Kashmir is revitalising competitiveness and livelihoods, boosting exports, and supporting sustainable economic growth.
Prime Minister Narendra Modi will launch landmark youth development initiatives worth over Rs. 62,000 crore, focused on education, skilling, and entrepreneurship, with a special emphasis on transformational projects in Bihar.
Union Home Minister Amit Shah inaugurated India’s largest curd, buttermilk, and yogurt plant, Sabar Dairy, in Rohtak, Haryana, boosting dairy production and farmer welfare across several states.
The Union Government released ₹14.52 crores as untied grants to all eligible Village Councils in Mizoram for the financial year 2025–26 and withheld amounts from previous fiscal to support decentralized development.

Union Home Minister Amit Shah announced that India’s dairy sector has expanded by 70% over the last 11 years, becoming the fastest-growing dairy sector worldwide.
The share of 5G smartphone shipments in India surged to 87% in the first half of 2025, reflecting rapid adoption and market growth for the technology.
Draft regulations propose creating a National Registry for online games to ensure compliance, player protection, and regulation of the gaming industry from 2025 onwards.

The banking sector in India is projected to experience a compound annual profit growth rate of 17.7% between FY26 and FY28, with earnings recovery expected to begin from the second quarter of FY26.
SBI’s recent report predicts inflation in India will be considerably lower than RBI’s official projections for fiscal years 2025-26 and 2026-27.
The Reserve Bank of India (RBI) has introduced a new scheme incentivising banks to reduce the stock of unclaimed deposits and improve deposit account reconciliation.
The Reserve Bank of India has constituted a six-member Payments Regulatory Board to regulate and oversee the fast-growing digital payments ecosystem in India.

The Chhattisgarh government has launched the Atal Labour Empowerment Scheme to provide holistic development and welfare benefits to unorganised and migrant workers and their families through an integrated platform.
Government announced an additional Rs 7,000 crore funding to boost affordable housing projects in Uttar Pradesh, accelerating construction and employment in the real estate sector.

The 11th World Green Economy Summit (WGES) 2025 opened in Dubai with over 3,300 participants from 30+ countries, focusing on accelerating the global green economy through innovation and collaboration.
The central banks of the UAE and Turkey signed a $4.9 billion currency swap agreement to facilitate bilateral trade and financial stability by reducing reliance on the US dollar.

Indian weightlifter Mirabai Chanu won the silver medal in the women’s 48 kg category at the 2025 World Weightlifting Championships in Førde, Norway, ending India’s three-year wait for a medal at the event.
India received the International Social Security Association (ISSA) Award 2025 in Kuala Lumpur for expanding social security coverage from 19% in 2015 to 64.3% in 2025, benefiting over 940 million citizens.
Grandmaster Iniyan clinched the title at the 62nd National Chess Championship held in Vijayawada, emerging as the national chess champion.

Dr. R. Arthur James, Professor and Chair of Marine Science at Bharathidasan University, was honoured with the prestigious Tamil Nadu Scientist Award (TANSA) 2022 for significant contributions to environmental science.