Image

Banking, Finance And Economy Current Affairs Notes Major Developments October 2025

1. RBI Retail Sandbox of Digital Rupee (e-Rupee).

  • What: On the 8th of October, 2025, it initiated a controlled testing environment (sandbox) of its Central Bank Digital Currency (CBDC).
  • Intent: With this, fintechs can securely experiment and develop products (apps, wallets) without impacting the primary financial system on e-Rupee.
  • Background: e-Rupee retail pilot was launched in Dec 2022, and currently has a user base of around 7 million.

Month: 

Category: 

Britain, Canada, Australia and Portugal Recognize Palestine Bolster Two-State Solution Amid Gaza Crisis

1. Key Development:

  • Britain, Canada, Australia, and Portugal have officially announced their formal recognition of the State of Palestine.

2. Primary Motivation:

  • The move is driven by frustration with the ongoing Gaza war and is intended to revive efforts towards a two-state solution as the foundation for lasting peace.

Month: 

Category: 

Laszlo Krasznahorkai Wins 2025 Nobel Prize in Literature

1. Award Announcement:

  • The 2025 Nobel Prize in Literature has been awarded to László Krasznahorkai, a celebrated Hungarian novelist and screenwriter.

2. Recognition by the Swedish Academy:

  • He was honored for his “compelling and visionary oeuvre that, in the midst of apocalyptic terror, reaffirms the power of art.”

Month: 

Category: 

RBI Executive Director Shri Sanjay Kumar Hansda Appointed

1. Appointment:

  • The reserve bank of India (RBI) has hired Shri Sanjay Kumar Hansda as an Executive Director (ED).
  • The appointment comes into effect March 3, 2025.

Month: 

Category: 

Viksit Bharat Buildathon 2025 and Brand Ambassador

1. Brand Ambassador:

  • Group Captain Shubhanshu Shukla, recognized as the first Indian to reach the International Space Station (ISS), has been appointed the brand ambassador for the initiative.

Month: 

Category: