Daily News Brief - Oct 12, 2025
India's Big AI Mission Launched
Short Description : The Government of India has announced a transformative AI initiative with ₹10,300 crore investment and deployment of 38,000 GPUs to foster innovation and digital inclusion across sectors.
India, UK Strengthen Strategic Ties
Short Description : India and the UK finalized a €350 million defence deal for multirole missiles and advanced negotiations on a comprehensive trade pact during UK PM Keir Starmer's visit.
SBI Sets New Gender Diversity Goal
Short Description : The State Bank of India revealed plans to raise the proportion of women in its workforce to 30% by 2030, with dedicated programs to support women's leadership.
RBI Changes LCR Norms, Boosts Credit
Short Description : The Reserve Bank of India has introduced revised liquidity coverage ratio (LCR) norms projected to unlock ₹3 lakh crore in bank lending, boosting credit flow.
Textile PLI Scheme Gets Major Changes
Short Description : The Ministry of Textiles notified key changes to the Production Linked Incentive scheme, targeting improved ease of business and growth in MMF apparel and technical textiles.
NTPC Boosts Gujarat's Renewable Capacity
Short Description : NTPC Renewable Energy Limited signed an agreement with Gujarat's government to deploy 15 GW of clean energy projects, bolstering India's renewable capacity.
India, UK Collaborate on Health Research
Short Description : India’s ICMR and UK's NIHR signed a Letter of Intent for joint health research initiatives, focusing on pandemic preparedness and technology transfer.
India's Biodiversity Grows with New Species
Short Description : Biologists have identified two non-luminous firefly species in the Nilgiris and a novel wasp species in Kolkata, highlighting India’s rich biodiversity.
Delhi Observes World Habitat Day
Short Description : The Ministry of Housing and Urban Affairs commemorated World Habitat Day with nationwide campaigns emphasizing sustainable urban development.
India-UK CEO Forum Drives Collaboration
Short Description : The first CEO Forum under the India-UK summit showcased structural reforms, investment opportunities, and sectoral collaboration agendas to boost bilateral trade.
Sanjay Kumar Hansda to be RBI Executive Director
Short Description : The Reserve Bank of India named Sanjay Kumar Hansda as Executive Director, effective from March 2026, strengthening its leadership structure.
Global Fintech Fest Drives Collaboration
Short Description : The Global Fintech Fest 2025 in Mumbai saw announcements for India-UK Fintech Corridor and launch of a Technology Startup Fund under SBI’s partnership.
Trade Growth Forecast Reduced by WTO
Short Description : The World Trade Organization cut its global trade growth estimate to 0.5% for CY26, citing economic uncertainties and geopolitical tensions.
Gujarat Focuses on Urban Development
Short Description : The Gujarat government officially declared 2025 as the “Year of Urban Development” and rolled out a slew of urbanization initiatives.
Sanju Samson EPL Ambassador
Short Description : Indian cricketer Sanju Samson has been appointed as the official ambassador for the English Premier League in India, fostering sports exchanges.