Daily current affairs:November 12, 2025

Long Description : The government launched the “Sahakar Digi Pay” to modernize cooperative banking through digital transactions like UPI and card-based payments. It aims to increase transparency, speed, and customer convenience, aligning with India’s digital economy goals. The initiative was announced during the Co-op Kumbh 2025, adopted by the Delhi Declaration 2025 for modernizing cooperative credit societies through a five-year roadmap. This move signifies India’s push towards digital financial inclusion, especially in rural and cooperative sectors.

Long Description : The October 2025 inflation rate based on the Consumer Price Index indicates a significant slowdown, with food inflation falling to -5.02%. The decline reflects effective GST implementation and subdued domestic demand. The inflation’s low level boosts consumer purchasing power and signifies price stability. This data is critical for monetary policy, helping the Reserve Bank of India (RBI) to calibrate interest rates and inflation targeting, fostering economic stability amid global uncertainties.

Long Description : The Reserve Bank of India’s latest report highlights robust domestic consumption, declining inflation, and stable forex reserves as key factors maintaining economic resilience. The IMF has revised India’s GDP growth upwards to 6.6% for 2025, emphasizing the country’s economic strength. Manufacturing and services sectors continue to expand despite external pressures, underscoring India’s capacity to sustain growth and counterbalance global economic shocks.

Long Description : The event adopted the Delhi Declaration 2025, a strategic plan to transform cooperative banks and credit societies into more digital, efficient, and customer-centric institutions. Digital payment systems like Sahakar Digi Pay were launched to facilitate real-time transactions. The initiative aligns with India’s vision to empower rural cooperatives, improve credit access, and boost rural livelihoods, integrating technology and policy reforms for sustainable development.

Long Description : During his visit to Varanasi, PM Modi inaugurated four Vande Bharat trains, signaling progress in India’s railway modernization efforts. The event also marked the 25th anniversary of Uttarakhand’s formation, with the PM announcing a Rs 62 crore direct benefit transfer to farmers under PM Fasal Bima Yojana. The expansion of Vande Bharat trains aims to improve passenger convenience, boost connectivity, and promote economic growth through modern infrastructure.

Long Description : The bilateral agreement allows India to send up to 1,75,025 pilgrims for Haj, enhancing religious tourism cooperation. It focuses on improving transportation, accommodation, healthcare, and welfare facilities for pilgrims. The deal also emphasizes collaboration on visa procedures and safety protocols, contributing to stronger Indo-Saudi ties. The agreement underscores India’s commitment to providing hassle-free religious travel and strengthening international relations.

Long Description : The decision to exit the base reflects India’s strategic recalibration in Central Asia, prioritizing new politico-security considerations. The base had historically enhanced India’s influence in the region, but recent geopolitical changes led to re-evaluation. The move underscores India’s adaptive foreign strategy, balancing regional cooperation and security priorities.

Long Description : This financial commitment reinforces India’s commitment to climate change goals under international protocols. The funds will finance projects related to renewable energy, afforestation, and sustainable development. It highlights India’s proactive role in global climate action, aiming for a resilient and sustainable future.

Long Description : These initiatives aim to improve mental health access, especially in remote areas. Tele MANAS provides telepsychiatry services, while Ayushman Arogya Mandirs offer mental health treatment alongside general healthcare. The focus is on reducing stigma, increasing awareness, and strengthening India’s human capital through accessible mental health infrastructure.

Long Description : These agreements cover infrastructure, transportation, and cultural exchanges, cementing India’s diplomatic outreach. The Bhutan trip focused on energy and connectivity projects, while the Saudi deal enhanced religious tourism cooperation. Such agreements bolster India’s strategic influence and economic partnerships in South Asia and West Asia.

Long Description : The CPI data indicates stable prices and enhanced consumer purchasing power, supporting economic stability. The decline is mainly due to food deflation (-5.02%) and reduced supply chain disruptions, allowing RBI to maintain accommodative monetary policy to foster growth.

Long Description : The initiative aims to strengthen India’s export ecosystem by providing incentives, infrastructure, and policy support, targeting key sectors like textiles, pharma, and electronics. It aligns with India’s aim for self-reliance and global market expansion, boosting employment and economic growth.

Long Description : The event highlighted the development milestones of Uttarakhand, including infrastructure, tourism, and health initiatives. Modi also launched a postal stamp celebrating the state’s formation, emphasizing India’s focus on regional development and integration.