Goa Current Affairs Passing of Ravi Naik.

• Ravi Naik, the former Chief Minister and Agriculture Minister of Goa died on 15 October 2025 aged 79 after cardiac arrest.
• He represented MGP, Congress, and BJP in politics, and he had been elected seven times to the MLA with many elective straddles at Ponda and once at Marcaim.
• Initially elected to the Goa Legislature in 1984 through Ponda (MGP) and once again in 1989 through Marcaim.

World Food Day – 16 October 2025

• Theme 2025: "Hand in Hand for Better Foods and a Better Future"
• Purpose: Encourage world food security and promote awareness of hunger, particularly in times of crises.
• History: Founded by the Food and Agriculture Organization (FAO) in 1945; recognized internationally since the 20th FAO Conference held in 1979.
• Significance: Celebrated by more than 150 nations to promote hunger alleviation, poverty elimination, and sustainable agricultural systems.

• Coverage: Now includes promoters, key management personnel (KMPs), shareholders holding >5% equity, entities with significant influence, and their relatives.
• Relevance: Commercial Banks, Small Finance Banks, Cooperative Banks, NBFCs, and All India Financial Institutions.
• Objective: Harmonize lending to related parties, make legacy provisions more logical, and establish a harmonized regulatory framework.

• Objective: Modify ECB regulations under FEMA (Borrowing & Lending) to tie borrowing limits to financial strength of borrower.

• WPI Inflation: 0.13% YoY (from 0.52% in August 2025)
• Causes: Increase in prices of manufactured food items, non-food items, textiles, and transport equipment