Daily current affairs:October 3, 2025

Long Description : In his centenary Vijayadashami address, RSS Chief Mohan Bhagwat highlighted the risks of excessive global dependence for India’s growth and development. He noted the need to counter the pressure of US tariffs by promoting "Swadeshi" or indigenous production. He stressed the importance of self-reliance (Atmanirbhar Bharat) to avoid helplessness in global trade tensions, encouraging efforts to build a strong, independent domestic economy that can withstand international uncertainties.

Long Description : On 2nd October, PM Modi visited Raj Ghat to honour the legacy of Mahatma Gandhi and Lal Bahadur Shastri. He reiterated the importance of non-violence, truth, and ethical governance in nation-building. Modi stressed the significance of Atmanirbhar Bharat, encouraging citizens to participate actively in India's development journey. The tribute reinforced the ideals of peaceful coexistence and responsible leadership, aligning with India’s broader goals for sustainable growth and social harmony.

Long Description : The Trade and Economic Partnership Agreement between India and the European Free Trade Association countries—Switzerland, Norway, Iceland, and Liechtenstein—was implemented on October 1, 2025. The agreement aims to reduce trade barriers and increase cooperation in investment, technology, and sustainable development. This pact is projected to facilitate around $100 billion in investments and generate one million jobs. It strengthens bilateral ties, enhances market access for Indian goods, and aligns with India's goal of expanding global trade partnerships.

Long Description : In its October 2025 monetary policy report, RBI held the repo rate steady at 5.50% with a neutral stance to support economic stability. It revised the GDP growth estimate for FY 2025-26 upward from 6.5% to 6.8%, citing strong consumption, investments, and government spending. Factors such as a favourable monsoon, GST 2.0 implementation, better credit flow, and rising capacity utilization underpin this positive outlook. India’s Q1 GDP growth stood at 7.8%, demonstrating robust economic momentum with balanced inflation and stable external conditions.

Long Description : After a five-year pause, India and China have decided to resume direct air connectivity as part of diplomatic normalization efforts. IndiGo will launch non-stop flights from Kolkata to Guangzhou starting October 26. This move is expected to boost trade, tourism, and people-to-people connections between the countries. Resumption of flights marks an easing of bilateral tensions and a step towards improving overall diplomatic and economic relations, benefiting business communities and travelers on both sides.

Long Description : The Reserve Bank of India announced the removal of the cap on loans that banks can extend to a single corporate borrower, previously set at ₹10,000 crore. This regulatory change aims to support credit flow to large corporations, encouraging economic growth and corporate expansion. RBI retains the option to implement macro-prudential measures if concentration risk escalates. The decision is expected to enhance lending flexibility in the banking sector amid evolving business needs and infrastructure development.

Long Description : To encourage foreign investment and deepen the Indian debt market, the RBI has allowed non-resident investors to invest in non-convertible debentures (NCDs) and commercial papers through rupee accounts. This facility offers a new channel for overseas investors to access Indian corporate debt, supporting the government's efforts for internationalizing the Indian rupee. The move is expected to increase market liquidity, attract more foreign capital, and diversify funding sources for Indian companies.

Long Description : In an effort to boost retail investor participation in primary market offerings, RBI has increased the financing limit for IPO subscriptions from ₹10 lakh to ₹25 lakh per eligible individual. This measure aims to make IPO investments more accessible by enabling higher credit support from banks for buying shares during IPOs. It supports capital market growth by encouraging wider public ownership and investment, especially beneficial in a bullish IPO market.

Long Description : Representing India at the 60th session of the UN Human Rights Council, officials accused Pakistan of state-sponsored persecution, particularly targeting minorities and propagating fabricated allegations internationally. India urged Pakistan to address its internal human rights issues rather than abusing multilateral platforms for political gains. This diplomatic stance highlights ongoing geopolitical tensions and stresses India’s commitment to upholding human rights principles on global stages.

Long Description : Lt General Virendra Vats assumed command as Director General of NCC, the premier youth organization in India that operates under the Ministry of Defence. His leadership is expected to strengthen cadet training, enhance skill development, and promote values of discipline, leadership, and national integration among young Indians. The NCC plays a key role in preparing future leaders and fostering patriotism in the youth across the country.

Long Description : In a remarkable display of talent and determination, Indian para-athletes claimed the top two positions in the Men's Javelin Throw F44 category at the World Para Athletics Championships. Sandip Sanjay Sargar won gold, followed closely by his compatriot clinching silver. This achievement underlines India's growing prominence in para-sports and the positive impact of increased support and infrastructure for differently-abled athletes in the country.

Long Description : The International Day of Older Persons on October 1, 2025, was marked by various events in India emphasizing respect, care, and inclusion of elderly citizens. The day serves as a platform to raise awareness about the challenges faced by older adults and encourage policies for their health, social security, and active participation in communities. Government and NGOs pledged continued support for pension schemes, healthcare access, and social engagement programs to improve quality of life for senior citizens.

Long Description : As part of ongoing efforts to support MSMEs, the Ministry held the ‘MSME Seva Parv 2025: Virasat se Vikas’ event in Varanasi, promoting entrepreneurship linked to India’s rich cultural heritage. The event showcased innovations, digital initiatives, and support schemes aimed at boosting MSME competitiveness and sustainability. This initiative aligns with government goals to increase MSME contributions to India’s GDP and employment, while preserving traditional crafts and indigenous knowledge.

Long Description : The Central Railway zone has concluded successful trials of KAVACH, India's indigenous automatic train protection system designed to prevent collisions and enhance safety. KAVACH uses advanced technology to provide real-time alerts and automated braking, significantly reducing accident risks on railway tracks. This system aligns with India’s broader vision of ‘Make in India’ in railways and will enhance passenger safety as it is progressively rolled out across various routes.