Daily Current Affairs

The Delhi Government has entered into a collaboration with IIT Kanpur to develop an AI-powered Intelligent Grievance Monitoring System (IGMS).

The system will bring together multiple grievance platforms such as CPGRAMS and the LG Listening Post into a single, unified digital dashboard.

The initiative aims to strengthen citizen-centric governance, improve inter-departmental coordination, and promote data-driven decision-making in public administration.

By the end of 2025, India’s reform approach transitioned from regulation-heavy systems to outcome-oriented governance models.

Key reforms include:

• Income Tax Reforms: Tax exemption limit raised to ₹12–12.75 lakh; new Income Tax Act, 2025 focuses on simpler structures, greater certainty, and digital compliance
• Labour Reforms: Consolidated 29 existing labour laws into 4 labour codes, expanding social security for gig and platform workers
• Rural Employment: Shift from MGNREGA to Viksit Bharat Rozgar Mission with up to 125 days of employment and creation of durable community assets
• MSME Reforms: Easier credit access, reduced compliance burden, and better scaling opportunities

Collectively, these reforms strengthened economic resilience, predictability, and long-term growth prospects.

India registered more than 5.5 lakh trademarks during FY 2024–25, marking the highest-ever registrations in a single year.

Key sectors leading trademark filings included pharmaceuticals, veterinary products, and healthcare services.

This milestone aligns with India’s broader goal of strengthening the innovation ecosystem, promoting entrepreneurship, and supporting economic growth under the Trade Marks Act, 1999.

The Reserve Bank of India (RBI) is reassessing the Scale-Based Regulation (SBR) framework for Non-Banking Financial Companies (NBFCs) amid rising systemic risks and closer interlinkages between NBFCs and banks.

The framework ensures that regulatory intensity is proportionate to systemic impact.

As per RBI’s “Trend and Progress of Banking in India FY25” report, the total number of ATMs declined slightly to 2.51 lakh.

The reduction is attributed to rapid adoption of digital payment systems, especially UPI, and decreased dependence on cash withdrawals.

This trend reflects India’s shift toward a digital-first yet financially inclusive banking ecosystem.

India has surpassed Japan to become the world’s fourth-largest economy, with a GDP of $4.18 trillion.

The growth has been driven by strong domestic consumption, structural economic reforms, and accelerated investment activity. India is projected to overtake Germany by 2030, reinforcing its expanding influence in the global economic order.

The Finance Ministry has officially notified rules allowing 100% Foreign Direct Investment (FDI) in the insurance sector.

The reform aims to attract global capital inflows, improve competition and solvency in the insurance market, and increase insurance coverage and penetration. The move supports the government’s “Sabka Bima” vision.

The National Test House (NTH) and the National Highways Authority of India (NHAI) signed a Memorandum of Understanding (MoU) to enhance quality, safety, and transparency in national highway construction projects.

The partnership ensures scientific third-party quality verification, reduction in construction defects and cost overruns, and development of durable, world-class highway infrastructure.

The Ministry of Home Affairs has assigned Rakesh Aggarwal, a 1994-batch IPS officer of the Himachal Pradesh cadre, additional charge as Director General of the National Investigation Agency (NIA).

He will ensure continuity and operational stability while overseeing ongoing sensitive counter-terrorism investigations.

A NITI Aayog report has recognised Gujarat Biotechnology University (GBU) at GIFT City as a pioneering institution for globalising higher education in India.

The model aims to retain Indian talent within the country, reduce brain drain, and position India as a global education hub. It highlights how international collaboration, world-class research infrastructure, and policy-driven governance can deliver global-quality education domestically.

The Ministry of Defence signed defence procurement contracts worth ₹4,666 crore to strengthen combat capabilities of the Indian Army and Indian Navy.

The contracts include:

• Over 4.25 lakh Close Quarter Battle (CQB) carbines worth ₹2,770 crore for urban and close-combat operations
• 48 Heavy Weight Torpedoes worth ₹1,896 crore for Kalvari Class submarines

The Gujarat Government has approved the establishment of the Indian AI Research Organization (IAIRO) at GIFT City, Gandhinagar. Gujarat becomes the first state to set up such an AI institute under a Public-Private Partnership (PPP) model.

Aligned with the IndiaAI Mission, IAIRO will focus on advanced AI research, AI-based solutions, intellectual property creation, capacity building, and developing a future-ready AI workforce to strengthen India’s position in global AI innovation.