Daily Current Affairs October 22, 2025

Economy & Finance

• Finance Minister Nirmala Sitharaman launched the real-time  Foreign Currency Settlement System (FCSS)  at GIFT City, removing earlier delays in forex settlements.

• ICICI Bank  and Visa introduced Asia’s first  Visa Infinite-powered prepaid forex card  for entrepreneurs and business travellers.

• RBI  launched the  offline digital rupee (e₹) , advancing India’s digital finance infrastructure.

• SBI General Insurance  rolled out “Health Alpha”, a customizable health insurance plan.

Policy & Governance

• A Rs 7,300 crore incentive scheme  for domestic production of rare earth magnets was approved.

• RBI  is exploring a  phone security platform  to allow remote locking of phones bought on credit in case of default.

• FM proposed training  “Pension Sakhis”  to boost enrolment in the  National Pension System (NPS) .

• Notaries (Amendment) Rules, 2025  were officially notified by the Department of Legal Affairs.

• XV Finance Commission grants  were released for Rural Local Bodies in Gujarat and Haryana.

International & Defence

• U.S. and Australia  signed a critical minerals agreement to strengthen supply chains and counter China’s dominance.

• Takaichi Sanae  was elected as  Japan’s first female Prime Minister .

• IUCN and IRENA  signed an MoU at the World Conservation Congress in Abu Dhabi.

• Defence Minister Rajnath Singh inaugurated a  Titanium and Superalloy Materials Plant  in Lucknow.

Science & Technology

• ISRO’s Chandrayaan-2  made the first direct observation of  Solar CMEs affecting the Moon’s exosphere .

• Zoho  launched “Vani”, a visual workplace collaboration platform.

• Finternet , India’s upcoming Digital Public Infrastructure, is set to go live in 2026.

Other Updates

• Air India  partnered with  STARLUX Airlines  for combined travel itineraries.

• The  Sacred Relics of Lord Buddha  are on display in Kalmykia, Russia.

• Max Verstappen  won the  Formula 1 United States Grand Prix 2025 .

A day marked by strategic financial reforms, international partnerships, and key scientific achievements.