14–15 December 2025 Current Affairs

🏛️ National Affairs & Governance

• Maharashtra Pagdi System Reform
  Maharashtra government announced a major regulatory reform to dismantle the century-old Pagdi (rent-control) system , aiming to modernise Mumbai’s housing market.

• MahaCrimeOS AI Platform
  Maharashtra partnered with Microsoft to launch MahaCrimeOS AI , an advanced platform to modernise and accelerate cybercrime investigations .

• RBI Eases CC/OD/Current Account Norms
  RBI relaxed norms for opening and maintaining Cash Credit, Overdraft, and Current Accounts , incorporating stakeholder feedback to improve credit access.

• CBDT Action on Bogus ITR Filings

• CBDT initiated action against intermediaries filing Income Tax Returns with fake deductions and exemptions under the Income Tax Act, 1961.

• India – World’s 4th Largest Economy
  India is now the 4th largest economy globally , with a resilient financial system capable of supporting long-term growth and investment.

🌍 International Economy & Finance

• China Trade Surplus Milestone
  China’s trade surplus crossed USD 1 trillion for the first time , driven by exports to Europe, Australia, and Southeast Asia , despite falling U.S. exports.

• Russia–India Equity Fund
  Sberbank & JSC First Asset Management launched First-India Mutual Fund , giving Russian investors exposure to India via the Nifty50 Index .

• World Bank Clean Air Financing
  WB approved ~USD 600 million for clean air programmes in Uttar Pradesh & Haryana , benefiting ~270 million people in the Indo-Gangetic Plains & Himalayan Foothills .

💰 Banking, Markets & Regulation

• SEBI – Strategic Investor Expansion
  SEBI expanded the definition of “Strategic Investor” for REITs & InvITs to widen investor participation in public issues.

• JPMorgan Expansion in India
  JPMorgan Chase & Co. received RBI’s in-principle approval to open a new branch in Pune , its first expansion in nearly 10 years .

🏺 Culture, Heritage & Records

• UNESCO ICH Listing – Pakistan
  Boreendo (Pakistan) was inscribed on UNESCO’s List of Intangible Cultural Heritage in Need of Urgent Safeguarding during the 20th session at Red Fort, New Delhi .

• World Book of Records Honour
  Nitish Kumar , CM of Bihar, recognised for taking oath as Chief Minister 10 times , a rare democratic milestone.

🤖 Science, Technology & Innovation

• AI Social Robot – NIT Rourkela