Daily current affairs:October 2, 2025

Long Description : India has been re-elected to Part II of the ICAO Council, which plays a key role in international civil aviation safety, security, and environmental protection. This re-election highlights India's growing influence and responsibility in global aviation policy-making. The ICAO Council governs crucial regulations and helps shape standards that member states follow. India's participation also aligns with its expanding air connectivity ambitions and aviation sector growth.

Long Description : Lieutenant General Virendra Vats assumed charge as the Director General of the National Cadet Corps (NCC) on October 2, 2025. The NCC plays a significant role in fostering discipline, leadership, and patriotism among Indian youth through its training and development programs. Under his leadership, the NCC is expected to strengthen its initiatives focused on national integration and social responsibility among cadets across the country. This appointment is important for the armed forces and nation-building efforts.

Long Description : The RBI's Monetary Policy Committee (MPC) decided to maintain the key policy repo rate at 5.50% during its October 2025 meeting. This decision reflects RBI's cautious stance considering global economic uncertainties and inflation trends. Keeping the rate unchanged aims to support economic growth while managing inflation within target levels. The RBI continues to monitor domestic and international developments closely to calibrate future policy actions.

Long Description : The Government of India launched the People's Plan Campaign (PPC) 2025-26 on 2 October 2025 with the convening of Special Gram Sabhas across villages. This campaign promotes participatory planning by involving local communities in decision-making about resource allocation and development priorities. It aims to strengthen decentralization and empower Panchayati Raj Institutions by encouraging transparent governance and effective implementation of welfare schemes.

Long Description : The Ministry of MSME organized 'MSME Seva Parv 2025' in Varanasi, Uttar Pradesh, focusing on the progress and development of the MSME sector. The event highlighted the government's efforts to boost entrepreneurship, job creation, and innovation in smaller enterprises through policy support and digital initiatives. Programs like financing schemes, skill development, and market access assistance were showcased to empower MSMEs and enhance their competitiveness.

Long Description : The Reserve Bank of India (RBI) has launched a scheme to accelerate the settlement process of inoperative bank accounts and unclaimed deposits. The move aims to simplify procedures, improve transparency, and ensure faster credit to rightful account holders or nominees. This initiative will strengthen depositor confidence and reduce the operational burden on banks for managing dormant accounts.

Long Description : In a bid to protect investor interests, SEBI has launched the MITRA (Mutual Fund Investors' Tracking and Reconciliation Application) platform. It helps investors trace multiple inactive mutual fund accounts (folios) easily and encourages consolidation to minimize fragmentation. The initiative aims to simplify asset management for investors and avoid the risk of losing track of investments, facilitating better portfolio management and transparency.

Long Description : On 2 October 2025, the Prime Minister launched two centrally sponsored agricultural schemes aimed at increasing farm productivity, promoting sustainable agriculture, and enhancing farmer welfare. The schemes focus on technology adoption, crop diversification, and infrastructure support. The government allocated Rs 35,440 crore to implement these schemes over the next five years, targeting major improvements in rural livelihoods and food security.

Long Description : The Central Railway zone announced successful completion of locomotive trials for KAVACH, an indigenous Automatic Train Protection (ATP) system designed to prevent collisions and signal passing violations. KAVACH uses advanced technology to ensure real-time monitoring and automatic braking if required, aiming to enhance passenger safety and operational efficiency on Indian Railways. Its rollout aligns with the government's vision of modern, secure rail infrastructure.

Long Description : The Indian Navy has awarded a contract worth Rs 47 crore to EyeROV to supply state-of-the-art underwater drones to enhance maritime surveillance and reconnaissance capabilities. These drones will aid in mine detection, underwater inspections, and tactical operations in coastal and deep-sea environments, strengthening India’s naval defense preparedness and technological edge.

Long Description : Special Campaign 5.0 commenced on 2 October 2025 as part of intensified Swachhata initiatives aimed at promoting cleanliness, sanitation, and hygiene awareness nationwide. The campaign involves community participation, local governance bodies, and government agencies working together to improve sanitation infrastructure, waste management, and public health, supporting India’s broader objective of sustainable environment and well-being.

Long Description : According to the Hurun Rich List 2025, Mukesh Ambani has regained his position as the richest Indian, with an estimated wealth of Rs 9.55 lakh crore, reflecting growth in the industrial and energy sectors. The list highlights the wealth of India’s top business magnates and their economic influence both domestically and globally, illustrating trends in wealth creation and industry sectors driving economic growth.

Long Description : The Reserve Bank of India has imposed a monetary penalty of Rs 32 lakh on Indian Overseas Bank due to deficiencies and non-adherence to certain regulatory guidelines. This action underscores RBI’s strict enforcement of compliance to maintain the banking sector's integrity and protect depositors' interests. Indian Overseas Bank has been directed to address the compliance issues promptly.