Daily current affairs:November 2, 2025

Long Description : Starting this month, banks now allow up to four nominees for each account, locker, or safe custody item, simplifying fund access for families and reducing delays during settlements. SBI credit cardholders will see revised fee structures, including a 1% charge for certain digital payments. Aadhaar updates for non-biometric changes can now be executed online without document uploads, at a reduced fee. Pensioners must submit their annual Life Certificate in November, and central government employees have until 30 November to switch from NPS to the new Unified Pension Scheme (UPS) for greater flexibility. These regulatory reforms are designed to modernize and streamline India’s financial landscape, impacting millions of citizens and businesses across the country.

Long Description : The Indian Space Research Organisation (ISRO) is set to launch the GSAT-7R/CMS-03, its heaviest satellite for the Indian Navy, on 3 November 2025. This advanced satellite will significantly improve secure communication, surveillance, and operational coordination for India's maritime defenses. The GSAT-7R/CMS-03 is designed to boost the Navy’s network-centric warfare capabilities and ensure robust, uninterrupted communication in maritime theatres. This major advancement in space-based defense infrastructure marks a milestone for India’s strategic security and maritime interests in light of regional security challenges.

Long Description : Effective this month, the price of 19-kg commercial LPG cylinders used by hotels, restaurants, and commercial establishments has been lowered in all major metro cities. The move is expected to ease operational costs for businesses and foster consumer spending in the food and hospitality sector. Oil companies indicated that the price revision reflects favorable global energy prices and supply logistics. This development will particularly benefit micro, small, and medium enterprises, commonly reliant on commercial LPG supplies.

Long Description : At the 2025 SIDM Defence Awards, Adani Defence was honoured for the innovative Kanpur Ammunition Complex, which has set new standards in Make in India defense manufacturing. The award acknowledges Adani's state-of-the-art technology, job creation, and its contribution to indigenization and self-reliance in the Indian defense sector. This recognition is expected to enhance private sector participation and catalyze further investments in India’s defense production ecosystem, supporting the government’s drive towards Atmanirbhar Bharat.

Long Description : According to the Reserve Bank of India’s latest Weekly Statistical Supplement, the drop in reserves brings the national forex stockpile to $695.355 billion. Although the decline was notable, reserves remain close to their historic highs recorded earlier in September. The movement is attributed to robust import payments, currency interventions, and global market fluctuations. The stable reserve position continues to safeguard India's macroeconomic stability amid external market pressures.

Long Description : Tragedy struck at the renowned Venkateswara Temple when a rush during Ekadashi rituals resulted in a stampede, leading to nine fatalities and several injuries. Political leaders, including Chandrababu Naidu, blamed alleged lapses in crowd control, while Chief Minister Jagan Reddy demanded an immediate review of temple safety measures. The state government has launched an inquiry and announced compensation for victims’ families. This incident has reignited demands for stricter safety standards at major religious gatherings.

Long Description : Rising levels of ambient air pollution and hazardous smog have forced Delhi authorities to enforce the Odd-Even rule for private vehicles from 2 November. The scheme seeks to halve vehicular traffic by permitting drive days based on odd or even registration numbers, aiming to reduce emissions and improve urban air quality. Environmental experts and civic bodies will monitor the effectiveness of the policy over the coming days, with potential extensions depending on air quality trends. Public transport services have been ramped up to accommodate demand.

Long Description : On Kerala Piravi Day, Chief Minister Pinarayi Vijayan announced that Kerala has become India’s first state to eradicate extreme poverty—defined as a daily income of less than INR 48 per person. The government attributed this accomplishment to targeted welfare programmes, inclusive economic growth, and collaborative efforts with civil society partners. Kerala now aims to focus on sustainable development, quality education, and employment generation to maintain equitable growth and further strengthen the state’s social safety net.

Long Description : Marking a major step in technological governance, India unveiled its pioneering National AI Policy, establishing principles for the ethical use, development, and deployment of artificial intelligence. The policy outlines data privacy standards, safeguards against algorithmic bias, and guidelines fostering responsible AI research and innovation. It also proposes regulatory mechanisms to protect consumers, while incentivizing startups and research institutions to accelerate AI adoption for public good. The framework will guide both government and private entities in leveraging AI safely to boost socio-economic progress.

Long Description : Under new guidelines effective from November, GST registration for businesses now features a streamlined online portal, reduced document requirements, and time-bound approvals. The overhaul is expected to benefit new startups, MSMEs, and existing enterprises by cutting red tape and lowering entry barriers for entrepreneurship. The government hopes the changes will boost revenue compliance and expand the formal sector, aligning with the vision of fostering ease of doing business in India.

Long Description : The Ministry of Finance has implemented fresh rules for bank nominations, allowing account holders to designate up to four individuals per deposit account or safety locker. Customers can specify nominee succession order, easing fund disbursal and reducing delays caused by conflicting inheritance claims. The reform aims to provide greater clarity and flexibility to account holders and their heirs, addressing a long-standing demand for modernized nomination protocols.

Long Description : The Reserve Bank of India mandated that all banks must shift their official net banking websites to the secured '.bank.in' domain, effective this month. Top banks, including SBI, PNB, and Canara Bank, have completed the migration in line with cybersecurity upgrades designed to prevent fraud and enhance confidence in online banking. Customers are advised to use only official '.bank.in' web portals for safe transactions and to avoid phishing attempts.

Long Description : New data shows India’s gross domestic product (GDP) reached $3.9 trillion in the last fiscal, despite global headwinds and currency volatility. The projection, based on nominal growth and Rupee depreciation trends, puts India in a strong position to achieve the $5 trillion GDP milestone in the coming years. Experts point to India’s demographic dividend and sustained investments as key drivers, while emphasizing the need for reforms to boost export competitiveness and job creation.

Long Description : A new RBI circular confirms various bank holidays across India in November for celebrations such as Kannada Rajyothsava and Guru Nanak Jayanti. While banking services will remain operational in most states, customers are advised to verify state-specific closure dates such as November 1, 5, 6, 7, and 8. The information is key for planning financial transactions, accessing branch services, and making timely payments throughout the month.

Long Description : With a stellar all-round performance, India’s women prevailed over Australia in a high-stakes semifinal to reach the ICC Women’s World Cup final. The triumph, anchored by impressive batting and disciplined bowling, marks a historic step for women’s cricket in India. The team’s march to the final has inspired a surge in support and optimism for women’s sports nationally, with the government and cricketing bodies pledging further investments in athlete development and grassroots programs.

Long Description : As worsening smog conditions choke Delhi, the government has rolled out the Odd-Even rule for private vehicles from 2 November. The emergency measure aims to reduce vehicular emissions and curb particulate matter in the air during a spell of alarming AQI readings. The policy enlists strict police enforcement and heightened media coverage to ensure compliance, with special passes allotted for essential services. Early reports suggest improved road congestion, but officials will review pollution metrics before deciding on extensions or stricter versions.

Long Description : The state celebrated its origin day—marking the merger of Malabar, Cochin, and Travancore into present-day Kerala—by organizing cultural parades, award ceremonies, and public outreach programs. Chief Minister Vijayan highlighted progress on healthcare and education targets, notably Kerala’s milestone in eradicating extreme poverty, and announced new employment and welfare initiatives for the coming year. The emphasis was on building inclusive, citizen-centric governance, and upholding Kerala’s legacy of social advancement.