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Technological innovations in India

1. The Indigenous Motor created by Ola Electric.

  • Achievement: Ola Electric was the first Indian two-wheeler EV manufacturer to be certified by the government on its in-house made ferrite motor with no rare-earths.

Significance:

  • Fosters Self-Sufficiency: Does away with the use of rare-earth permanent magnet that has to be imported, which is a contingent measure of Eliminating Reliance of Atmanirbhar Bharat in EV production.
  • Proven Performance: The motor passed tests on rigorous AIS 041 standard produced by the Global Automotive Research Centre (GARC), Tamil Nadu.
  • Technical Validation: The ferrite motor was tested, which proved to have the same performance as conventional rare-earth magnet motors, in its 7 kW and 11 kW models.

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The International Day of the Girl Child

1. Date & Purpose:

  • Celebrated on the 11th of October every year.
  • The day will focus on the highlighting of the challenges girls are experiencing, empowerment of these girls and the protection of their human rights.

2. 2025 Theme:

  • The girl I am, the change I lead: Girls on the frontlines of crisis.
  • The theme is on the identification of position and strength of girls in driving change particularly during crisis.

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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.

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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.

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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.”

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