MTO Current Affairs One Liner: 24-October-2025
PIB NEWS
- The National Biodiversity Authority has disbursed ₹1.36 crore to Biodiversity Management Committees in Maharashtra and Uttar Pradesh, promoting equitable sharing of benefits from commercial use of biological resources.
- ‘Mahe’, the first of eight indigenous Anti-Submarine Warfare Shallow Water Crafts, has been delivered to the Indian Navy, marking a milestone in India’s naval self-reliance.
- The Telecommunication Engineering Centre (TEC) has signed a Memorandum of Understanding with IIIT-Hyderabad to collaborate on developing India-specific telecom standards and emerging technologies.
- BIRC 2025, scheduled for October 30-31 in New Delhi, aims to promote Indian rice globally, foster transparency and sustainability in rice trade, and unlock ₹1.80 lakh crore in new rice import markets alongside signing ₹25,000 crore worth of export MoUs.
- PM-ABHIM, launched in 2021 with ₹64,180 crore investment, builds robust health infrastructure across India, strengthening pandemic preparedness, disease surveillance, and universal healthcare goals.
INDUSTRY NEWS
- L&T’s Minerals & Metals business vertical has secured significant orders worth Rs 2,500 to Rs 5,000 crore, including a 180 KTPA aluminium smelter project from Hindalco in Odisha and a 1 MTPA Coke Oven Battery from Tata Steel in Jamshedpur.
- BEML Limited has signed a Memorandum of Understanding with Tesmec, Italy, for introducing advanced surface miner equipment to enhance efficiency in mining operations across India.
- India’s e-commerce startup ecosystem is rapidly expanding, yet venture capital funding remains heavily concentrated in major metropolitan areas like Bengaluru, Mumbai, and Delhi.
- In the fiscal year 2023-24, Russia increased its share of fertiliser exports to India to 27%, reinforcing India’s supply chain diversification amid global geopolitical changes.
FINANCIAL NEWS
- Asia II Topco XIII Pte Ltd, a Singapore-based affiliate of Blackstone, will acquire a 9.99% stake in Federal Bank through preferential allotment of warrants worth Rs 6,196.5 crore, marking Blackstone’s largest investment in an Indian bank.
- In 2025, India witnessed escalating large cross-border mergers, acquisitions, and investments in its financial sector, with deals aggregating significantly, bolstered by eased regulations and global investor interest.
- The Reserve Bank of India’s latest Payment Systems Report highlights that Unified Payments Interface (UPI) accounts for 85% of India’s digital payment volume, reinforcing its dominance in the payments ecosystem.
- India’s composite Purchasing Managers’ Index (PMI) indicates sustained expansion in both manufacturing and services sectors in recent months, signalling healthy economic momentum.
- The food subsidy expenditure for FY 2025-26 is likely to surpass the budget estimate by approximately 15%, posing fiscal management challenges for India’s government.
NATIONAL & STATES NEWS
- The World Bank is set to release an additional $200 million (approximately ₹1,700 crore) for the Phase-I development of the Amaravati capital city by 2025, facilitating accelerated infrastructure progress.
- Telangana state government aims to attract ₹1 lakh crore investment in the Life Sciences sector by 2030, focusing on biotechnology, pharmaceuticals, and healthcare innovation.
- The Rajasthan government has announced a comprehensive economic development plan targeting a GDP of USD 4.3 trillion by India’s 100th year of independence in 2047.
WORLD NEWS
- Tuvalu has joined the International Union for Conservation of Nature (IUCN) as its 90th member, reinforcing global efforts on marine conservation and climate resilience.
SPORTS NEWS
- India achieved a clean sweep in Kabaddi by winning gold medals in both the boys’ and girls’ team events at the 2025 Asian Youth Games in Bahrain, defeating Iran in both finals.
AWARDS & HONOURS
- The European Union’s prestigious Human Rights Defenders Award for 2025 was granted to imprisoned journalists from Belarus and Georgia, recognising their courageous journalism under repressive conditions.
IMPORTANT DAYS & THEMES
- United Nations Day, celebrated annually on October 24, commemorates the UN Charter coming into force in 1945, with 2025’s theme focusing on global peace, sustainable development, and multilateral cooperation.
OBITUARIES
- Renowned space scientist Eknath Vasant Chitnis, known for his significant contributions to Indian space research, passed away in Pune at the age of 100.
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