Daily Current Affairs Key Highlights October 2 - 3 2025

1. Cabinet Approvals:

• 57 new Kendriya Vidyalayas  approved under Civil Sector

• 4-lane widening  of Kalibor–Numaligarh NH-715 section with  wildlife-friendly measures  near Kaziranga

• MSP increase for all Rabi crops  for Marketing Season 2026-27

• Additional DA/DR instalment  for central government employees/pensioners

• Aatmanirbharta in Pulses Mission  (6-year program, ?11,440 crore outlay)

• Continuation of Biomedical Research Career Programme  (Phase-III)

2. International Developments:

• India re-elected  to ICAO Council Part II

• UN High Seas Treaty  receives 60 ratifications, to take effect in January 2026

• Maldives accepted  as IAEA member at 69th General Conference

3. Banking & Financial Reforms:

• RBI Monetary Policy Report  released after 57th MPC meeting

• Basel III Capital Regulations  for foreign currency bonds effective October 1

• Removal of mandatory fixed-rate option  for personal loans

• Amendments to Gold/Silver Collateral Directions  effective October 1

• Draft circulars  on Large Exposures Framework and Credit Information Reporting

4. Strategic Partnerships & Initiatives:

• LIC-RBL Bank  bancassurance partnership

• NIFTEM-K signed 9 MoUs  during World Food India 2025

• DPIIT-Thermo Fisher MoU  for biotechnology innovation

• Posts Department-IIP collaboration  for sustainable packaging

5. Key Appointments & Events:

• Lt Gen Virendra Vats  assumed charge as NCC Director General

• Global Food Regulators Summit 2025  inaugurated

• MY Bharat Mobile App  launched

• FSSAI dedicated portal  for Ayurveda Aahara products

• Indian Navy  demonstrated submarine rescue capability at Exercise Pacific Reach 2025

6. Observances:

• October 2  marked as Gandhi Jayanti and International Day of Non-Violence