7 November 2025 Current Affairs

National Affairs

1. India ranks 3rd globally in clean industrial project pipeline — after China and the USA — showing rapid progress in renewable and green manufacturing sectors.

2. PM Jan Dhan Yojana (PMJDY) deposits have crossed Rs 2.75 lakh crore (as of Oct 22, 2025), reinforcing India’s financial inclusion success.

3. Public Sector Banks (PSBs) posted a record Rs 49,456 crore profit in Q2 FY26 , a 9% YoY rise, led by SBI.

4. RBI amendments: Exporters can now retain foreign currency earnings in IFSC accounts for up to 3 months.

1. RBI initiatives:

   • Launched the Digital Payments Intelligence Platform (DPIP) using AI to detect frauds.

   • Announced new steps for internationalisation of the Indian Rupee (INR) .

   • Issued a draft circular mandating free Basic Savings Bank Deposit (BSBD) accounts for inclusion.

2. India AI Governance Guidelines launched by MeitY , forming India’s first principle-based framework for AI regulation.

3. Maharashtra signed an LoI with Starlink (SpaceX) to bring satellite-based internet to remote areas.

4. Telangana announced the Telangana Artificial Intelligence Innovation Hub (TAIH) in Hyderabad.

Economy & Trade

• APEDA exported 20 MT of fortified rice from Chhattisgarh to Papua New Guinea , boosting agri-exports.

• World Bank to release $200 million (2nd tranche) for Amaravati Capital Phase-I by end-2025.

• India’s richest 1% grew wealth by 62% (2000–2023) — G20 Report .

International & Diplomacy

• India–UK IN-UK-STP Dashboard launched to enhance bilateral research coordination.

• Canada introduced a fast-track immigration route for US H-1B visa holders .

• Sweden became the world’s first cashless nation .

• India-born Ghazala Hashmi elected Lieutenant Governor of Virginia (USA) — first Muslim, Indian-origin, and South Asian woman to hold the post.

Science & Technology

• Bharat Biotech launched a CRDMO unit for cell and gene therapies .

• India ranked 3rd globally in clean industrial project pipeline.