MTO Current Affairs One Liner: 16-October-2025
PIB NEWS
- The National Consumer Helpline facilitates grievance redressal for consumers, leveraging digital platforms and integrating Next-Gen GST reforms for efficient complaint handling across sectors.
- PM Narendra Modi launched projects worth Rs 13,430 crore across sectors such as infrastructure, energy, defence manufacturing, and technology in Andhra Pradesh, bolstering growth and connectivity.
- MoHUA approved sanctions for 1.41 lakh new houses under Pradhan Mantri Awas Yojana – Urban 2.0, totaling over 10 lakh houses sanctioned nationwide, progressing towards ‘Housing for All’.
- NMDC Steel Limited became the first Indian company to receive the BIS license for Hot Rolled Steel Strip, Sheet, and Plates meeting IS 18384:2023 standards for pipeline transportatio
INDUSTRY NEWS
- Blue Energy Motors Ltd signed an agreement with the Maharashtra government to establish a ₹3,500 crore manufacturing facility for 30,000 electric and LNG-powered heavy trucks, with operations slated to begin in FY26.
- India’s retail Real Estate Investment Trust (REIT) market is projected to grow to Rs 60,000 – Rs 80,000 crore by 2030, driven by expanding organised retail and evolving consumer trends.
- Kaynes Technology, an electronics manufacturing service provider, joined the India Semiconductor Mission to advance local semiconductor production and innovation.
- Hitachi Energy plans to expand its Global Innovation Centre in Chennai to enhance its research and development capabilities in sustainable energy technologies.
- The Union Government released ₹3,700 crore under the PM FME Scheme, having trained over 1 lakh micro food processing entrepreneurs to boost formalisation and growth in the sector.
FINANCIAL NEWS
- India’s merchandise trade deficit widened to a 13-month high of $32.15 billion in September 2025, driven by a 107% jump in gold imports and a 12% decline in exports to the US following the full implementation of 50% US tariffs.
- Paytm One97 has streamlined its corporate structure to unify merchant payments and enhance operational efficiency amid growing digital transactions.
- The Indian government is contemplating a new classification code dedicated to the fintech industry to better track its growth and regulatory oversight.
- Jio Payments Bank secured a contract to develop and implement India’s next-generation highway electronic toll collection and payment system.
NATIONAL & STATES NEWS
- IIT Delhi and the Indian Navy signed an MoU to collaborate on improving the Quality of Life (QoL) onboard naval ships through crew-centric design interventions, focusing on ergonomics, safety, and habitability.
- The Tamil Nadu government tabled its first supplementary budget estimates for the financial year 2025-26 to accommodate unanticipated expenditures and ongoing development schemes.
- Hindustan Shipyard Limited was awarded Mini Ratna status, recognizing its financial performance and operational autonomy to support increased industrial growth and innovation.
- India has been elected unopposed to the United Nations Human Rights Council for the seventh time, securing a three-year term starting in 2026, underscoring its commitment to global human rights.
SPORTS NEWS
- Lionel Messi surpassed Neymar to become the player with the highest number of assists in men’s international football, providing two assists in Argentina’s 6-0 win over Puerto Rico and reaching 60 international assists.
IMPORTANT DAYS & THEMES
- World Anaesthesia Day is observed annually to raise awareness about anaesthesia’s vital role in ensuring safe, pain-free surgical procedures and advancing perioperative care globally. – Oct 16, 2025
APPOINTMENTS & RESIGNATIONS
- The Tata Trusts have recommended a historic third executive term for N. Chandrasekaran as Chairman of Tata Sons, marking the first time a Tata executive may extend beyond the traditional retirement age of 65.
OBITUARIES
- Goa’s Agriculture Minister and two-time former Chief Minister Ravi Naik died at the age of 79 following a cardiac arrest, with the state mourning his significant contributions to Goan politics.
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