November 1, 2025

Daily current affairs:November 1, 2025

Aadhaar Update Fee Waived for Children

Short Description : UIDAI has waived biometric update charges for children on Aadhaar cards for one year, making updates free from November 1, 2025. Adults will pay revised rates for updates.

Long Description : The Unique Identification Authority of India (UIDAI) has introduced important changes to Aadhaar card update fees. Biometric updates for children are now free for one year, helping families easily maintain card accuracy. Adults must pay Rs 75 for demographic updates and Rs 125 for biometric updates such as fingerprints or iris scans. These updates can also be completed online, improving accessibility. The move simplifies the process, especially beneficial for students and new job applicants in competitive exams.

Bank Account Nomination Rules Changed

Short Description : RBI now allows up to four nominees per bank account, locker, or safe custody, effective November 1, 2025, making succession and fund access easier.

Long Description : The Banking Companies Nomination Rules and Banking Laws (Amendment) Act, 2025, take effect today, allowing multiple (up to four) simultaneous or successive nominees across accounts, lockers, and safe custody items. This is aimed at reducing inheritance disputes and speeding up claim settlements for deceased account holders’ families. Banks must also inform and support customers in updating nomination details easily. The new guidelines bring uniformity and transparency to all Indian banks.

Aadhaar-PAN Linking Mandatory

Short Description : UIDAI/Income Tax Department has made Aadhaar-PAN linking mandatory for all PAN holders by 31 December 2025; non-linking risks deactivation.

Long Description : All PAN card holders must link their PAN with Aadhaar by December 31, 2025. This government directive is meant to curb tax evasion, prevent duplicate IDs, and enhance financial transparency. Unlinked PAN cards may be invalid for banking and financial operations after the deadline. Competitive exam aspirants should ensure compliance to avoid document issues in future recruitment or admission cycles.

GST Slab Rationalisation from November

Short Description : GST will shift from four slabs to a simplified two-slab structure, with a special rate for luxury items, effective from November 2025.

Long Description : India’s indirect tax regime is undergoing a major change: the previous four-slab system (5%, 12%, 18%, 28%) is replaced by a new structure. The 12% and 28% slabs are eliminated, with luxury/sin goods now taxed at 40%. This aims to streamline GST compliance, simplify business operations, and increase government revenue transparency, expected to benefit startups and MSMEs. Students should note impact on economy and consumption trends for exams.

Bank Website Domains Shift to .bank.in

Short Description : RBI mandates banks to move their official net banking sites to ‘.bank.in’ domain for enhanced cybersecurity as of 1 November 2025.

Long Description : State Bank of India (SBI), PNB, and Canara Bank, among others, have updated their online banking domains to ensure safer transactions. The dedicated ‘.bank.in’ domain is exclusively reserved for licensed institutions, helping protect users from phishing and fraud. This is vital for competitive exams covering cybersecurity, digital finance, and regulatory compliance.

Mandatory Submission of Life Certificate for Pensioners

Short Description : Retired central and state government employees must submit their annual Life Certificate by end-November to ensure uninterrupted pension disbursement.

Long Description : Pensioners need to submit their Life Certificates either at their bank branch or online through the Jeevan Pramaan portal before November 30. Failure to comply could result in pension payment delays or suspensions. The government encourages digital submission to streamline the process, an example of ongoing digital governance initiatives in India.

Locker Charges at PNB to be Revised

Short Description : Punjab National Bank will soon announce new locker rent rates based on size and category, due to take effect after official notification.

Long Description : PNB is revising its locker charges nationwide, reflecting changes in banking costs and risk management. The rates will depend on locker size and usage category and are expected to impact existing customers seeking safe custody solutions. The policy aligns with broader financial reforms and risk strategies employed by Indian banks, relevant for those studying banking sector developments.

Deadline Extension to Shift From NPS to UPS

Short Description : Central government employees now have time till November 30 to opt for shifting from National Pension System (NPS) to Unified Pension Scheme (UPS).

Long Description : The Ministry of Finance has extended the last date for central government employees wishing to transfer their pension assets from NPS to UPS. This extension offers more time to make informed decisions about retirement planning. Aspirants should track such policy changes for polity and governance exam sections.

EPFO Launches Employees’ Enrolment Scheme - 2025

Short Description : EPFO has launched a special enrolment scheme to expand social security coverage, valid for six months starting 1 November 2025.

Long Description : The Employees’ Enrolment Scheme 2025 launched by EPFO allows all eligible establishments to enroll employees who were previously excluded from social security schemes. The scheme, announced by the Labour & Employment Minister, runs from Nov 2025 to Apr 2026 and encourages wider formal employment coverage. Understanding such initiatives is crucial for competitive exams focusing on welfare and labour reforms.

India Named World’s Fastest-Growing Major Economy

Short Description : IMF forecasts India’s GDP growth at 6.5% for both 2025 and 2026, leading among major global economies.

Long Description : The IMF World Economic Outlook and World Bank Global Economic Prospects confirm India’s high growth trajectory, projecting 6.5% expansion in 2025 and 2026. Strong performances in manufacturing, services, and exports underpin the estimates. The reports highlight India’s resilience amid global headwinds, a vital update for Economy and Banking sections in exams.

SEBI Introduces New Mutual Fund Transparency Rules

Short Description : Starting November, SEBI mandates enhanced disclosure norms for mutual funds, improving investor protection and transparency.

Long Description : SEBI’s new rules require mutual fund managers to provide clearer breakdowns of risk profiles, expense ratios, and portfolio holdings. The changes, prompted by rising retail participation, aim to empower investors, reduce mis-selling, and enhance overall market integrity. The update is relevant for questions on securities regulation and investor awareness.

LPG Subsidy DBT Formula Changed

Short Description : The government has amended LPG subsidy rules under Direct Benefit Transfer (DBT), streamlining eligibility and payment timelines from Nov 2025.

Long Description : LPG consumers will now see changes in subsidy credit timings and eligibility screening. The DBT mechanism will reduce operational delays and target deserving beneficiaries more efficiently. The move supports government objectives in social welfare, subsidy reform, and digital payments, important for exams under Economy and Miscellaneous.

Delhi Vehicle Entry Rule (BS-VI Only)

Short Description : Effective November 2025, only BS-VI compliant vehicles can enter Delhi, boosting air quality and emission control measures.

Long Description : In response to severe pollution, Delhi government restricts vehicular entry to BS-VI compliant vehicles, ensuring best available emission standards. The step aligns with India’s green transition and urban governance goals, relevant for Environment, Science & Tech, and Polity sections.

MSME GST Registration and Refund Process Simplified

Short Description : MSMEs will benefit from simplified GST registration and refund workflows, as the new system comes into effect from November 2025.

Long Description : The GST council has approved easier onboarding and faster refunds for MSMEs, aiming to reduce compliance burden and boost small business growth. This reform is crucial in supporting entrepreneurship and related topics for exams.

FASTag Rules Updated

Short Description : New FASTag usage regulations take effect in November, introducing stricter compliance and fee changes across highways.

Long Description : The Ministry of Road Transport has revised FASTag protocols to curb misuse and expedite toll payments. New rules clarify mandatory FASTag usage, associated fees, and penalties for irregular use. This initiative supports digital infrastructure and transportation modernization, topics often asked in polity and economy sections.

SBI Credit Card Revised Fee Structure

Short Description : SBI Card introduces changes in credit card service charges, affecting renewal, late payment, and reward point structures from Nov.

Long Description : State Bank of India Credit Cards have updated their fee schedules, including renewal charges and late fees. Reward points redemption values have also changed, aiming to balance profitability and customer value. These changes impact consumers and are directly linked to banking awareness and financial reform themes for competitive exams.