Banking Current Affairs

Shri K T Thomas, former Chief Justice of India, was awarded the Padma Vibhushan 2026 in Public Affairs from Kerala.

Shri Dharmendra Singh Deol was posthumously awarded the Padma Vibhushan 2026 in the field of Art from Maharashtra.

'Make in India' was launched on September 25, 2014, with the goal of transforming India into a global design and manufacturing hub across 25 sectors.

India's National Quantum Mission was approved with Rs 6,003 crore to develop quantum computing, communication, sensing, and materials technologies.

India's PLI scheme covers 14 key sectors including mobile manufacturing, pharmaceuticals, textiles, food processing, telecom, and specialty steel.

UPI (Unified Payments Interface), developed by NPCI, processes over 10 billion transactions per month and is India's flagship digital payment infrastructure.

UPI has been expanded to over 20 countries including Singapore, UAE, France, UK, and several others for cross-border payments.

India became a full member of the SCO in 2017. The SCO is a Eurasian political, economic and security alliance. India hosted the SCO Summit virtually in 2023.

PM Narendra Modi visited Washington DC in February 2025 and held bilateral talks with President Trump, discussing defence, trade, and technology cooperation.

India's total renewable energy capacity surpassed 200 GW in 2025, on track towards its target of 500 GW by 2030.

Egypt, Ethiopia, Iran, and the UAE joined BRICS as full members, expanding the bloc significantly.

China had already demonstrated space docking before India's SpaDeX. India became the 4th country (after USA, Russia, China) to achieve this.

With SpaDeX's successful docking, India became the 4th country after USA, Russia, and China to demonstrate space docking technology.

Rekha Gupta was sworn in as the Chief Minister of Delhi after BJP won the February 2025 Delhi Assembly Elections, ending AAP's decade-long rule.

Maha Kumbh 2025 was held at Prayagraj (Triveni Sangam — confluence of Ganga, Yamuna, and mythical Saraswati), the largest religious gathering in the world.

India's G20 Presidency theme 'Vasudhaiva Kutumbakam — One Earth, One Family, One Future' was drawn from the Maha Upanishad, reflecting inclusive development.

Nihon Hidankyo, a Japanese organization of atomic bomb survivors (hibakusha), won the Nobel Peace Prize 2024 for its efforts towards a world free of nuclear weapons.

Sabyasachi Mukherjee of TIFR Mumbai was recognised twice in 2025 for his work in complex dynamics and connections between Mandelbrot sets and Kleinian groups. The Rashtriya Vigyan Puraskar 2025 was announced on 26 October 2025 by the Ministry of Science and Technology (PIB PRID:2182615). The Infosys Prize 2025 was announced on 12 November 2025. Both recognitions cover the same body of mathematical research, from two entirely different institutions.

Nikhil Agarwal is the Paul A. Samuelson Professor of Economics at MIT and a co-director of Blueprint Labs. He received the Infosys Prize 2025 in Economics for developing empirical methods to study and improve allocation mechanisms — practical systems like school admission lotteries, medical residency matching, and kidney exchange programmes that need to match people to places or resources without using prices.

The conventional Haber-Bosch process produces ammonia (used in fertilisers feeding ~50% of the world) by reacting nitrogen with hydrogen at high temperature and pressure, using natural gas as both fuel and hydrogen source. Manthiram at Caltech developed electrochemical pathways — including lithium-mediated nitrogen reduction and oxygen-atom transfer catalysis — that use renewable electricity instead, at room temperature and pressure, reducing the process's carbon footprint.