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Indian Institute of Packaging Signs MoU with Department of Posts

October 04, 2025

1. Collaboration Overview

  • Signatories: Department of post (DoP) and Indian institute of packaging (IIP).
  • Date: 19-09-2003.
  • Place: Office of Chief Postmaster General, Maharashtra Circle, Mumbai.
  • Goal: Support sustainable packaging and increase the efficiency of the postal service.

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Gandhi Jayanti and International Day of Non-Violence 2025

October 04, 2025

1. Global Observance

  • Worldwide, the 2 nd of October is observed as the International Day of Non-Violence.
  • This was announced by UN General Assembly in June 2007.
  • Offering of tributes at Raj Ghad (India) and through world wide events such as those in USA, Belgium, Spain, Switzerland, Thailand and Netherlands.

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RBI makes standard guidelines to settle the claims of the deceased account holders

October 04, 2025

1. Overview and Applicability:

  • RBI standardizes ways in which banks should pay claims on dead customers.
  • Intends to remove the divergent practices between banks.
  • Only available to: Any commercial and co-operative bank.
  • Inapplicable to: Government savings schemes (SCSS, PPF etc.)
  • Deadline of implementation: 31 st March 2026.

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India industrial production increased 4 percent in August 2025

October 04, 2025

1. Overall Growth Trend:

  • Index of Industrial Production (IIP) increased 4.0 percent annually in August 2025.
  • Increase in slight under forecasts of 5%
  • July 2025 IIP revised upward to 4.3%
  • Cumulative growth (April-August FY26): 2.8 % vs 4.3% in April-August FY25.

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RBI Installs New Continuous Cheque Clearing System

October 04, 2025

1. System Transition/Implementation:

  • Special CTS clearing to be made on 3 rd October 2025 to help in transition.
  • The start of the new continuous clearing mechanism will be on 4th October 2025.
  • Transition as authorized by Payment and Settlement Systems Act, 2007.

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