Daily Current Affairs December 04

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs December 04. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

TO PURCHASE OUR BANKING AWARENESS (Latest Edition) – CLICK HERE

December 04 | Daily Current Affairs 2025

Important Days – Daily Current Affairs December 04

1. Indian Navy Day is observed on which date every year to commemorate Operation Trident?
A) December 1
B) December 2
C) December 3
D) December 4
E) December 5
Answer: D) December 4

Event and Location:

  • Event: Celebration of Indian Navy Day 2025 commemorating Operation Trident
  • Location: Nationwide; Operational Demonstration at Shangumugham Beach, Thiruvananthapuram, Kerala
  • Date: December 4, 2025

Mandates and Objectives:

  • Mandates: Indian Navy Day 2025 was observed to honour naval personnel, commemorate Operation Trident, and showcase naval operations, indigenous platforms, and maritime capabilities under the theme “Combat Ready, Cohesive, Self-Reliant.”
  • Objectives: To highlight India’s maritime strength, promote awareness of naval operations, reinforce Atmanirbharta in defence manufacturing, and demonstrate preparedness to safeguard national maritime interests.

Important Terms Explained:

  • Operation Trident: India’s naval offensive conducted on the night of December 4, 1971, during the Indo–Pakistan War, in which Indian Navy missile boats destroyed key Pakistani naval and fuel assets in Karachi Harbour.
  • Atmanirbharta (Self-Reliance): India’s national vision to boost indigenous defence manufacturing, reduce import dependence, and strengthen domestic military capabilities.
  • Operational Demonstration: A public display of naval operations involving warships, submarines, aircraft, and special forces to demonstrate combat readiness, coordination, and technological advancements.

Tabular Summary:

Parameter Details
Event name Indian Navy Day 2025
Announcement date December 4, 2025
Location India; Operational Demonstration at Shangumugham Beach, Kerala
Issuing authority Indian Navy
Policy/series name Navy Day Celebrations & Operational Demonstration
Key figures President Droupadi Murmu, Admiral Dinesh Kumar Tripathi
Purpose/reason To commemorate Operation Trident and showcase naval strength and self-reliance
Feature details Demonstration of warships, submarines, aircraft, surveillance drills, indigenous systems
Validity or status Annual national observance; 2025 event conducted
Strategic/significant value Reinforces maritime security, naval readiness, and India’s indigenous defence capabilities

2. On which date is the International Day of Banks observed annually to recognise the role of banks in sustainable development?
A) December 1
B) December 2
C) December 3
D) December 4
E) December 5
Answer: D) December 4

Event and Location:

  • Event: International Day of Banks 2025 observed to promote the role of banks in sustainable development
  • Location: Global (Declared by the United Nations)
  • Date: December 4, 2025

Mandates and Objectives:

  • Mandates: The United Nations General Assembly mandates December 4 as the International Day of Banks under Resolution 74/245 to honour the contribution of banking institutions in achieving sustainable development.
  • Objectives: To acknowledge the role of banks in financing the 2030 Agenda for Sustainable Development, encourage financial inclusion, and promote partnerships that support infrastructure, MSMEs, and green finance.

Important Terms Explained:

  • 2030 Agenda for Sustainable Development: A global UN framework adopted in 2015 that includes 17 Sustainable Development Goals (SDGs) aimed at eliminating poverty, ensuring prosperity, and protecting the planet.
  • Resolution 74/245: A UNGA resolution passed on December 19, 2019, officially designating December 4 as the International Day of Banks to recognize the role of banks in development.
  • Financial Inclusion: The process of ensuring access to appropriate financial products and services for all individuals and businesses, particularly underserved and vulnerable groups, at affordable costs.

Tabular Summary:

Parameter Details
Event name International Day of Banks 2025
Announcement date December 4, 2025
Location Global (UN-designated observance)
Issuing authority United Nations General Assembly
Policy/series name 2030 Agenda for Sustainable Development
Key figures UN Member States, Financial Institutions, Development Banks
Purpose/reason To highlight the role of banks in promoting inclusive, sustainable development
Feature details Focus on MSMEs, green finance, financial inclusion, and SDG partnerships
Validity or status Annual observance on December 4 each year
Strategic/significant value Supports multiple SDGs including SDG 8, 9, 10, and 17

3. What is the purpose of the International Day Against Unilateral Coercive Measures, observed for the first time in 2025?
A) Celebrate trade liberalisation
B) Highlight cultural diversity
C) Raise awareness about harmful unilateral sanctions
D) Promote military cooperation
E) Encourage investment in conflict zones
Answer: C) Raise awareness about harmful unilateral sanctions

Event and Location:

  • Event: International Day Against Unilateral Coercive Measures 2025 observed globally
  • Location: Global (UN-mandated observance)
  • Date: December 4, 2025

Mandates and Objectives:

  • Mandates: United Nations General Assembly declared December 4 as the International Day Against Unilateral Coercive Measures through a resolution adopted in June 2025.
  • Objectives:
    • To raise awareness about the negative humanitarian and legal impact of unilateral coercive measures (UCMs); promote international solidarity; uphold sovereignty and human rights; and encourage peaceful, multilateral diplomacy in resolving disputes.

Important Terms Explained:

  • Unilateral Coercive Measures (UCMs): Economic, financial, or trade restrictions imposed by one State on another to influence internal policy, often without UN approval. Examples include trade embargoes, asset freezes, and travel bans.
  • United Nations Charter: The foundational treaty of the United Nations that enshrines principles such as sovereign equality, peaceful dispute resolution, and non-intervention in internal affairs.
  • Universal Declaration of Human Rights (UDHR): A milestone UN document adopted in 1948 that outlines fundamental human rights, including the right to food, health, housing, and development (notably Article 25).

Tabular Summary:

Parameter Details
Event name International Day Against Unilateral Coercive Measures 2025
Announcement date June 2025 (UNGA Resolution)
Location Global
Issuing authority United Nations General Assembly
Policy/series name UN Observance Days / Human Rights Agenda
Key figures UN General Assembly, OHCHR, affected States
Purpose/reason Raise awareness of the adverse effects of unilateral sanctions
Feature details Highlights legal violations, humanitarian impacts, and calls for multilateralism
Validity or status First global observance on December 4, 2025
Strategic/significant value Protects development rights, promotes diplomacy, safeguards sovereignty

4. What major milestone did India celebrate on International Cheetah Day 2025?
A) India became home to the fastest cheetah
B) India launched a new zoo-based cheetah programme
C) India recorded 21 cheetah cubs born under Project Cheetah
D) Cheetahs were spotted in Gir National Park for the first time
E) Raise awareness about Cheetah habitation
Answer: C) India recorded 21 cheetah cubs born under Project Cheetah

Event and Location:

  • Event: International Cheetah Day 2025 & Progress of Project Cheetah
  • Location: Kuno National Park, Madhya Pradesh (India)
  • Date: December 4, 2025

Mandates and Objectives:

  • Mandates:
    • To reintroduce and restore the cheetah population in India through sustainable wildlife conservation efforts.
  • Objectives:
    • To establish a viable population of cheetahs in India, restore ecosystem balance, promote eco-tourism, and serve as a model for species revival globally.

Important Terms Explained:

  • International Cheetah Day:
    • Celebrated annually on December 4, initiated in 2010 by Dr Laurie Marker of the Cheetah Conservation Fund (CCF) to raise awareness about cheetah conservation.
  • Project Cheetah:
    • India’s initiative launched in 2022 to reintroduce cheetahs (extinct since 1952) from Africa into Indian wildlife habitats, especially Kuno National Park.

Tabular Summary:

Parameter Details
Event name International Cheetah Day & India’s Project Cheetah Update
Observed on December 4 annually
India’s update (2025) 32 cheetahs, including 21 cubs born on Indian soil
Main site Kuno National Park, Madhya Pradesh
Other locations Gandhi Sagar WLS (MP), Banni Grasslands (Gujarat – under development)
Initiated by Dr Laurie Marker (Cheetah Conservation Fund)
India’s project start September 2022 (with cheetahs from Namibia & South Africa)
Significance Marks revival of extinct species in India since 1952
Global partners Namibia, South Africa
Speed of cheetah 0–112 km/h in 3 seconds

Sports – Daily Current Affairs December 04

5. Which league won the ‘Emerging Professional Sports Event of the Year’ at the India Sports Awards 2025?
A) Pro Kabaddi League
B) Indian Super League
C) Ultimate Kho Kho
D) Archery Premier League
E) Indian Athletics League
Answer: D) Archery Premier League

Event and Location:

  • Event: Archery Premier League wins ‘Emerging Professional Sports Event of the Year’
  • Location: New Delhi, India (FICCI TURF 2025 – 15th Global Sports Summit)
  • Date: December 4, 2025

Mandates and Objectives:

  • Mandates:
    • Archery Premier League (APL) was awarded for its contribution as a pioneering professional archery league, conducted in franchise format with global and Indian talent.
  • Objectives:
    • To professionalize archery in India, boost global competitiveness, enhance visibility, and create an inclusive and commercially viable sports platform.

Important Terms Explained:

  • Archery Premier League (APL):
    • The world’s first professional franchise-based archery league launched by the Archery Association of India (AAI) to promote archery as a mainstream sport.
  • India Sports Awards:
    • Annual awards organised by FICCI at the Global Sports Summit to honour excellence in Indian sports, recognising events, athletes, and institutions.
  • FICCI TURF:
    • The Federation of Indian Chambers of Commerce and Industry’s annual sports summit, which facilitates dialogue on sports policy, business, and innovation.

Tabular Summary:

Parameter Details
Event name APL wins ‘Emerging Professional Sports Event of the Year’
Announcement date December 4, 2025
Location New Delhi, India
Issuing authority FICCI (India Sports Awards)
Policy/series name Archery Premier League
Key figures 6 teams, 48 archers (36 Indian, 12 international)
Purpose/reason To professionalize archery and make it appealing to a broad audience
Feature details Franchise format, gender-balanced teams, recurve & compound events
Validity or status First season held in October 2025, recognised nationally
Strategic value Boosts India’s standing in global archery, promotes Olympic preparation

Ranking – Daily Current Affairs December 04

6. What is India’s rank in the Women, Peace and Security Index 2025/26 released by the Georgetown Institute and PRIO?
A) 101
B) 117
C) 131
D) 149
E) 161
Answer: C) 131

Event and Location:

  • Event: Release of the Women, Peace and Security (WPS) Index 2025/26
  • Location: Global (181 countries covered)
  • Date: December 4, 2025

Mandates and Objectives:

  • Mandates: The Georgetown Institute for Women, Peace and Security (GIWPS) and the Peace Research Institute Oslo (PRIO) released the global WPS Index 2025/26.
  • Objectives:
    • To assess and compare the status of women across 181 countries based on Inclusion, Justice, and Security; guide policymakers toward gender-responsive reforms; and track global trends in women’s wellbeing.

Top 10 Best Performing Countries – WPS Index 2025/26:

Rank Country Score
1 Denmark 0.939
2 Iceland 0.932
3 Norway 0.924
4 Sweden 0.924
5 Finland 0.921
6 Luxembourg 0.918
7 Belgium 0.912
8 Netherlands 0.905
9 Austria 0.898
10 Australia 0.898

Bottom 10 Worst Performing Countries – WPS Index 2025/26:

Rank Country Score
181 Afghanistan 0.279
180 Yemen 0.323
179 Central African Republic 0.362
178 Syria 0.364
177 Sudan 0.397
176 Haiti 0.399
175 Democratic Republic of Congo 0.405
174 Burundi 0.407
173 South Sudan 0.411
172 Myanmar 0.442

India’s Position – WPS Index 2025/26:

Rank Country Score
131 India 0.607

Important Terms Explained:

  • Women, Peace and Security (WPS) Index: A composite global index measuring women’s inclusion, justice, and security across 181 countries, with scores ranging from 0 (worst) to 1 (best).
  • Inclusion: Measures women’s participation in education, employment, and political decision-making.
  • Justice: Evaluates legal frameworks, discriminatory norms, and equal access to justice for women.
  • Security: Refers to women’s physical safety in their homes, communities, and during conflict or instability.

Tabular Summary:

Parameter Details
Event name Women, Peace and Security Index 2025/26
Announcement date December 4, 2025
Location Global – 181 countries assessed
Issuing authority GIWPS (Georgetown Institute) & PRIO
Policy/series name Women, Peace and Security Index
Key figures Denmark (Rank 1), Afghanistan (Rank 181), India (Rank 131)
Purpose/reason To evaluate women’s wellbeing in terms of inclusion, justice, and security
Feature details Measures education, legal rights, workplace safety, violence, and representation
Validity or status Released for 2025/26; biennial update
Strategic/significant value Informs gender policy, global equality goals, and SDG monitoring

7. According to the latest Poshan Tracker data, what percentage of children under five in India are stunted?
A) 19.3%
B) 14.4%
C) 33.5%
D) 35.5%
E) 5.0%
Answer: C) 33.5%

Event and Location:

  • Event: Government data shows 33.54% stunting among children under five
  • Location: Across Anganwadi centres in India
  • Date: Data tabled in Parliament on December 4, 2025

Mandates and Objectives:

  • Mandates:
    • Use of Poshan Tracker to record child growth indicators like stunting, underweight, and wasting across Anganwadi centres.
  • Objectives:
    • To monitor child malnutrition in real time, improve service delivery under Poshan Abhiyaan, and reduce undernutrition through behaviour-change campaigns and integrated nutrition programmes.

Important Terms Explained:

  • Poshan Tracker:
    • A digital monitoring tool launched in March 2021 to collect, track, and analyse nutrition data of children, pregnant women, and lactating mothers across Anganwadi centres.
  • Stunting:
    • Low height-for-age, indicating chronic undernutrition affecting physical and cognitive development in children.
  • Mission Saksham Anganwadi and Poshan 2.0:
    • An integrated scheme combining Anganwadi services, nutrition programmes, and Poshan Abhiyaan to deliver holistic nutrition support and real-time growth tracking.

Tabular Summary:

Parameter Details
Event name Stunting and malnutrition levels from Poshan Tracker
Announcement date December 4, 2025
Location Across India
Issuing authority Ministry of Women and Child Development
Policy/series name Poshan Tracker under Poshan Abhiyaan
Key figures 6.44 crore children measured
Purpose/reason To assess child nutrition and enable targeted interventions
Feature details 33.54% stunted, 14.41% underweight, 5.03% wasted
Validity or status Real-time data from community surveillance
Strategic/significant value Supports targeted health policy, behaviour change, and reduces long-term effects of malnutrition

Banking and Finance – Daily Current Affairs December 03

8. In November 2025, how many Aadhaar authentication transactions were recorded by UIDAI?
A) 219.5 crore
B) 47.19 crore
C) 231 crore
D) 12.04 crore
E) 28.29 crore
Answer: C) 231 crore

Event and Location:

  • Event: Record Aadhaar authentications and e-KYC usage in India
  • Location: Nationwide (India)
  • Date: November 2025

Mandates and Objectives:

  • Mandates:
    • UIDAI recorded 231 crore Aadhaar authentication transactions in November 2025, the highest in FY 2025–26 so far.
  • Objectives:
    • To provide seamless, secure digital identity verification for access to welfare schemes, financial services, and e-governance platforms using Aadhaar.

Important Terms Explained:

  • Aadhaar Authentication:
    • A process in which an individual’s Aadhaar number and biometric or OTP data are validated against UIDAI’s central database to confirm identity.
  • e-KYC (Electronic Know Your Customer):
    • An Aadhaar-based service allowing entities like banks and telecom providers to verify customer identity digitally, speeding up onboarding.
  • Aadhaar Face Authentication:
    • An AI-based biometric feature enabling Aadhaar users to authenticate identity via facial recognition through smartphones, used heavily for pensioner verification and Digital Life Certificates.

Tabular Summary:

Parameter Details
Event name Aadhaar authentication and e-KYC usage in Nov 2025
Announcement date December 4, 2025
Location India (nationwide)
Issuing authority UIDAI (Unique Identification Authority of India)
Policy/series name Aadhaar Authentication, e-KYC, Face Authentication
Key figures 231 crore authentications, 28.29 crore face auth, 47.19 crore e-KYC
Purpose/reason Enable fast, secure identity verification and service access
Feature details Mobile-based face authentication, OTP/Biometric Aadhaar auth
Validity or status Ongoing; record high in FY 2025–26
Strategic value Boosts digital economy, financial inclusion, and e-governance

9. What is the primary purpose of SEBI’s newly launched SWAGAT-FI framework?
A) Increase domestic retail participation
B) Launch a new IPO platform
C) Simplify access for low-risk foreign investors
D) Regulate cryptocurrency exchanges
E) Introduce ESG compliance for listed firms
Answer: C) Simplify access for low-risk foreign investors

Event and Location:

  • Event: Launch of SWAGAT-FI framework for trusted foreign investors
  • Location: India (Regulatory coverage under SEBI)
  • Date: December 1, 2025

Mandates and Objectives:

  • Mandates:
    • SEBI launched SWAGAT-FI to unify registration processes for Foreign Portfolio Investors (FPI) and Foreign Venture Capital Investors (FVCI), streamline compliance, and extend registration validity for low-risk foreign entities.
  • Objectives:
    • To attract long-term capital inflows, reduce regulatory hurdles for credible foreign investors, and strengthen India’s position as a global investment hub.

Important Terms Explained:

  • SWAGAT-FI (Single Window Automatic & Generalised Access for Trusted Foreign Investors):
    • A SEBI framework to simplify and unify market entry for low-risk, highly regulated foreign investors with extended validity and dual investment access.
  • FPI (Foreign Portfolio Investor):
    • Investors who participate in Indian securities markets (stocks, bonds, etc.) without direct control over companies.
  • FVCI (Foreign Venture Capital Investor):
    • Investors who fund unlisted, early-stage Indian startups or companies in specified sectors under SEBI norms.

Tabular Summary:

Parameter Details
Event name Launch of SWAGAT-FI framework
Announcement date December 1, 2025
Location India
Issuing authority Securities and Exchange Board of India (SEBI)
Policy/series name SWAGAT-FI (Single Window Automatic & Generalised Access for Trusted FIs)
Key figures SEBI Chairperson Madhabi Puri Buch
Purpose/reason Simplify and unify market entry for low-risk foreign investors
Feature details Unified FPI–FVCI registration, 10-year validity, IFSC reforms
Validity or status Effective from June 1, 2026
Strategic significance Capital market deepening and global investor confidence

Business and Economy – Daily Current Affairs December 04

10. Which global rating agency recently upgraded India’s insolvency regime to Group B?
A) Fitch
B) Moody’s
C) S&P Global Ratings
D) DBRS Morningstar
E) CARE Ratings
Answer: C) S&P Global Ratings

Event and Location:

  • Event: India’s insolvency regime upgraded from Group C to Group B by S&P
  • Location: India (jurisdiction assessment applicable globally)
  • Date: December 4, 2025

Mandates and Objectives:

  • Mandates:
    • S&P Global Ratings revised India’s insolvency jurisdiction ranking from Group C to Group B.
  • Objectives:
    • To acknowledge improvements in India’s creditor recovery process, resolution timelines, and legal predictability under the Insolvency and Bankruptcy Code (IBC), and to enable issue recovery ratings on Indian speculative-grade debt.

Important Terms Explained:

  • Insolvency and Bankruptcy Code (IBC):
    • India’s comprehensive legal framework introduced in 2016 to resolve corporate insolvency and liquidation in a time-bound manner while protecting creditor rights.
  • Jurisdiction Ranking (S&P):
    • A system used by S&P to classify countries’ insolvency regimes into Groups A, B, or C based on creditor recoveries, legal effectiveness, and predictability in insolvency cases.
  • Recovery Rating:
    • An assessment assigned to speculative-grade debt instruments, estimating the expected recovery in case of default. S&P can now assign these to Indian debt due to the Group B upgrade.

Tabular Summary:

Parameter Details
Event name India’s insolvency regime upgraded to Group B by S&P
Announcement date December 4, 2025
Location India (jurisdiction ranking with global implication)
Issuing authority S&P Global Ratings
Policy/series name Jurisdiction Ranking Assessment
Key figures Nirmala Sitharaman (Finance Minister), S&P Analysts
Purpose/reason Recognise improved insolvency recovery rates and resolution timelines
Feature details S&P to assign recovery ratings on Indian speculative-grade debt
Validity or status Currently active; Group B rating applies going forward
Strategic value Boosts investor confidence, enhances credit market depth, attracts FDI

Appointments – Daily Current Affairs December 04

11. Who will represent India as Chair of the International Institute for Democracy and Electoral Assistance (International IDEA) in 2026?
A) S. Jaishankar
B) Gyanesh Kumar
C) Rajiv Kumar
D) Nirmala Sitharaman
E) Arun Goel
Answer: B) Gyanesh Kumar

Event and Location:

  • Event: India assumes Chairship of International IDEA
  • Location: Stockholm, Sweden (Headquarters of IDEA)
  • Date: December 3, 2025

Mandates and Objectives:

  • Mandates:
    • India will assume the Chairship of the International Institute for Democracy and Electoral Assistance (International IDEA) for the year 2026, represented by Chief Election Commissioner Gyanesh Kumar.
  • Objectives:
    • To contribute to strengthening global democratic systems, share India’s electoral experience, and guide global dialogue on democracy, electoral reforms, and inclusivity.

Important Terms Explained:

  • International IDEA:
    • An intergovernmental organisation founded in 1995 to support and promote sustainable democracy worldwide through research, policy engagement, and capacity building.
  • Election Commission of India (ECI):
    • India’s autonomous constitutional authority responsible for administering elections to the Parliament and State Legislatures, and to the offices of the President and Vice President.
  • Chairship of International IDEA:
    • A leadership role given annually to a member country to guide the Council of Member States, influence strategic direction, and represent IDEA’s values on the global stage.

Tabular Summary:

Parameter Details
Event name India assumes Chairship of International IDEA
Announcement date December 3, 2025
Location Stockholm, Sweden
Issuing authority International IDEA
Policy/series name Council of Member States – Chairship Rotation
Key figures Gyanesh Kumar (CEC), Member countries of International IDEA
Purpose/reason To support global democracy through India’s leadership and electoral expertise
Feature details India to guide discussions on electoral reform, digital democracy, inclusion
Validity or status Effective for the full year of 2026
Strategic value Strengthens India’s soft power and promotes democratic resilience worldwide

12. Who has recently taken charge as Member (Finance) of the Railway Board?
A) Anita Kapoor
B) Aparna Garg
C) Manju Sharma
D) Meera Bhardwaj
E) Rekha Sinha
Answer: B) Aparna Garg

Event and Location:

  • Event: Aparna Garg assumes charge as Member (Finance), Railway Board
  • Location: Railway Board Headquarters, New Delhi, India
  • Date: December 1, 2025

Mandates and Objectives:

  • Mandates:
    • Appointment of Aparna Garg (IRAS 1987 batch) as Member (Finance), Railway Board to oversee budgeting, expenditure control, investment planning, and financial policy.
  • Objectives:
    • To strengthen fiscal strategy, resource mobilization, and financial reforms in Indian Railways aligned with national infrastructure and development goals.

Important Terms Explained:

  • Member (Finance), Railway Board:
    • The top financial authority in Indian Railways responsible for budget allocation, investment decisions, and fiscal management at the national level.
  • IRAS (Indian Railway Accounts Service):
    • A Group ‘A’ central civil service managing the financial and accounting operations of Indian Railways.
  • Chevening Fellowship:
    • A prestigious UK government scholarship awarded to professionals for leadership and policy training in various fields.

Tabular Summary:

Parameter Details
Event name Aparna Garg appointed as Member (Finance), Railway Board
Announcement date December 1, 2025
Location New Delhi, India
Issuing authority Ministry of Railways, Government of India
Position held Member (Finance), Railway Board
Key figures Aparna Garg (IRAS 1987 batch), CEC Jaya Varma Sinha (Chairperson)
Purpose/reason Strengthening financial leadership and strategic investment in Indian Railways
Feature details Budgeting, expenditure control, investment planning, public-private partnerships
Validity or status Currently serving
Strategic value Supports modernization, fiscal reforms, and infrastructure goals of Indian Railways

13. Who has been appointed as the new CEO of Bank of America India for a three-year term?
A) Kaku Nakhate
B) Jin Su
C) Vikram Sahu
D) Arundhati Bhattacharya
E) Shanti Ekambaram
Answer: C) Vikram Sahu

Event and Location:

  • Event: Appointment of Vikram Sahu as CEO of Bank of America India
  • Location: India
  • Date: December 3, 2025

Mandates and Objectives:

  • Mandates:
    • The Reserve Bank of India (RBI) has approved Vikram Sahu’s appointment as the Chief Executive Officer (CEO) of Bank of America NA (BANA) India for a period of three years.
  • Objectives:
    • To lead Bank of America India’s strategic growth, regulatory compliance, and governance while continuing integration with the Asia Pacific operations.

Important Terms Explained:

  • Bank of America NA (BANA):
    • A leading US-based multinational investment bank and financial services firm with global operations, including in India across corporate and investment banking.
  • India Country Executive:
    • A senior leadership role overseeing national operations, client strategy, regulatory compliance, and integration with global business objectives.
  • Asia Pacific Executive Committee:
    • A high-level leadership group overseeing Bank of America’s operations across Asia Pacific, ensuring strategic alignment across regions.

Tabular Summary:

Parameter Details
Event name Vikram Sahu appointed as CEO of Bank of America India
Announcement date December 3, 2025
Location India
Issuing authority Reserve Bank of India (RBI)
Policy/series name Bank of America NA Leadership Transition
Key figures Vikram Sahu, Kaku Nakhate, Jin Su
Purpose/reason Strengthen governance and growth strategy in India
Feature details CEO role, India Country Executive duties, Asia Pacific integration
Validity or status 3-year term approved by RBI, active from December 2025
Strategic/significant value Reinforces global trust and long-term investment focus in India

14. Who has been appointed as the new Chairman of HSBC, replacing Mark Tucker?
A) Georges Elhedery
B) Mark Carney
C) Brendan Nelson
D) Noel Quinn
E) Richard Gnodde
Answer: C) Brendan Nelson

Event and Location:

  • Event: Brendan Nelson appointed as Chairman of HSBC
  • Location: Global (HSBC Headquarters – London)
  • Date: December 3, 2025

Mandates and Objectives:

  • Mandates:
    • HSBC Holdings has appointed Brendan Nelson as the new Chairman of the Board, effective December 3, 2025.
  • Objectives:
    • To lead HSBC’s strategic governance and support the bank’s Asia-focused realignment under CEO Georges Elhedery, with emphasis on risk management, compliance, and long-term growth.

Important Terms Explained:

  • HSBC:
    • One of the world’s largest banking and financial services organizations, headquartered in London, with major operations in Asia.
  • Chairman of the Board:
    • The non-executive head responsible for corporate governance, board leadership, and oversight of executive decisions in a financial institution.
  • Group Audit Committee:
    • A key subcommittee of HSBC’s Board responsible for overseeing financial reporting, compliance, and internal control frameworks.

Tabular Summary:

Parameter Details
Event name Appointment of new HSBC Chairman
Announcement date December 3, 2025
Location London (Global Headquarters of HSBC)
Issuing authority HSBC Holdings plc Board of Directors
Policy/series name Leadership transition
Key figures Brendan Nelson (Chairman), Georges Elhedery (CEO)
Purpose/reason Strengthen leadership and drive strategic execution
Feature details Nelson will also oversee Group Audit Committee till Feb 2026
Validity or status Active; full-time chairmanship assumed from Dec 2025
Strategic value Focus on Asia-first strategy and governance continuity

15. Who has been appointed as the President & CEO of Reliance Retail Ventures Ltd (RRVL) in December 2025?
A) Kalyan Krishnamurthy
B) Mukesh Ambani
C) Jeyandran Venugopal
D) Isha Ambani
E) Natarajan Chandrasekaran
Answer: C) Jeyandran Venugopal

Event and Location:

  • Event: Appointment of new President & CEO of Reliance Retail Ventures Ltd
  • Location: Mumbai, India (Corporate HQ of Reliance)
  • Date: December 3, 2025

Mandates and Objectives:

  • Mandates:
    • Jeyandran Venugopal has been appointed as the new President & CEO of RRVL, a newly created executive role to lead the company’s next phase of retail expansion.
  • Objectives:
    • To strengthen leadership in retail operations, scale omni-channel strategy, and drive innovation in both physical and digital commerce.

Important Terms Explained:

  • Reliance Retail Ventures Ltd (RRVL):
    • Retail holding company of Reliance Industries Ltd (RIL) managing grocery, fashion, electronics, luxury, and e-commerce brands like Reliance Fresh, Trends, JioMart, Ajio, and Hamleys.
  • Omni-Channel Strategy:
    • A seamless integration of offline and online retail to improve customer experience, sales efficiency, and data-driven engagement.
  • JioMart:
    • Reliance’s e-commerce platform for grocery and daily essentials, part of its broader digital commerce network.

Tabular Summary:

Parameter Details
Event name Appointment of CEO, RRVL
Announcement date December 3, 2025
Location Mumbai, India
Issuing authority Reliance Retail Ventures Ltd (RRVL)
Position appointed President & CEO
Appointee Jeyandran Venugopal
Previous role Senior executive at Flipkart
Key responsibilities Lead retail growth, tech-driven transformation, omni-channel push
Reports to Isha Ambani (Chair, Retail Division)
Strategic importance Strengthens RRVL’s digital and national retail dominance

Awards – Daily Current Affairs December 04

16. Who were named the World Athletes of the Year 2025 by World Athletics?
A) Eliud Kipchoge and Faith Kipyegon
B) Armand Duplantis and Sydney McLaughlin-Levrone
C) Emmanuel Wanyonyi and Nicola Olyslagers
D) Sabastian Sawe and Maria Perez
E) Noah Lyles and Shericka Jackson
Answer: B) Armand Duplantis and Sydney McLaughlin-Levrone

Event and Location:

  • Event: World Athletics Awards 2025 – World Athletes of the Year Announced
  • Location: Monaco (Global Event)
  • Date: December 4, 2025 (announced)

Mandates and Objectives:

  • Mandates:
    • World Athletics presented the World Athlete of the Year 2025 awards to Armand Duplantis and Sydney McLaughlin-Levrone for their record-breaking and undefeated seasons in 2025.
  • Objectives:
    • To honor top-performing athletes who showcased dominance, inspired global participation in athletics, and achieved historic milestones in the sport.

Important Terms Explained:

  • World Athletics Awards:
    • Annual honors presented by World Athletics (formerly IAAF) recognizing the best track and field athletes globally, across track, field, and road events.
  • Pole Vault:
    • A track and field event where an athlete jumps over a high bar using a long, flexible pole. Armand Duplantis is the world record holder in this event.
  • Diamond League:
    • A top-tier international athletics series organized by World Athletics. Duplantis won his fifth straight Diamond League title in 2025.
  • 400m Sprint:
    • A one-lap sprint event on a standard track. Sydney McLaughlin-Levrone clocked 47.78s, the second-fastest time in history in 2025.

Tabular Summary:

Parameter Details
Event name World Athletics Awards 2025
Announcement date December 4, 2025
Location Monaco
Issuing authority World Athletics
Award category World Athlete of the Year 2025 (Male and Female)
Male winner Armand Duplantis (Sweden) – Pole Vault
Female winner Sydney McLaughlin-Levrone (USA) – 400m and 400m hurdles
Duplantis record Cleared 6.30m, broke world record four times in 2025
Sydney’s best time 47.78 seconds in 400m – second fastest in history
Other winners Nicola Olyslagers, Emmanuel Wanyonyi, Maria Perez, Sabastian Sawe
Significance Honors excellence and promotes track & field on a global stage
Host city Monaco
Event started 1988

 

Schemes – Daily Current Affairs December 04

17. Which state government has changed the payout cycle of the Lado Lakshmi Yojana to a quarterly disbursal from December 2025?
A) Punjab
B) Rajasthan
C) Haryana
D) Uttar Pradesh
E) Madhya Pradesh
Answer: C) Haryana

Event and Location:

  • Event: Revision of Lado Lakshmi Yojana payout from monthly to quarterly
  • Location: Haryana
  • Date: December 2025 (change effective)

Mandates and Objectives:

  • Mandates:
    • The Haryana Government will now disburse ₹6,300 every three months under the Lado Lakshmi Yojana, instead of ₹2,100 monthly.
  • Objectives:
    • To streamline welfare distribution, improve beneficiary financial planning, and reduce administrative burden while empowering economically weaker women through direct cash transfer.

Important Terms Explained:

  • Lado Lakshmi Yojana:
    • A welfare scheme launched by the Haryana government on September 25, 2025, providing direct financial assistance of ₹2,100 per month (now quarterly ₹6,300) to women aged 23–60 years from low-income households.
  • Direct Benefit Transfer (DBT):
    • A government mechanism that directly transfers subsidies and financial benefits to beneficiaries’ bank accounts, eliminating intermediaries and delays.
  • Antyodaya:
    • A governance principle emphasizing the upliftment of the most marginalized sections of society — a concept promoted by Pandit Deendayal Upadhyay.

Tabular Summary:

Parameter Details
Event name Quarterly disbursal of Lado Lakshmi Yojana
Announcement date December 2025
Location Haryana
Issuing authority Government of Haryana
Policy/series name Deen Dayal Lado Lakshmi Yojana (DDLLY)
Key figures CM Nayab Singh Saini; Over 7 lakh women beneficiaries
Purpose/reason Financial empowerment of women; reduce administrative workload
Feature details ₹6,300 per quarter, online registration, Aadhaar-based e-KYC
Validity or status Active; second phase payout completed
Strategic significance Supports Antyodaya and women-centric welfare governance

National Affairs – Daily Current Affairs December 04

18. What is the new base year announced by India for calculating national accounts, effective from February 2026?
A) 2017–18
B) 2019–20
C) 2020–21
D) 2022–23
E) 2023–24
Answer: D) 2022–23

Event and Location:

  • Event: India announces update of base year for national accounts to 2022–23
  • Location: India
  • Date: Announced during Winter Session of Parliament, December 2025; effective from February 26–27, 2026

Mandates and Objectives:

  • Mandates:
    • To revise the base year for GDP, Index of Industrial Production (IIP), and other key indicators from 2011–12 to 2022–23.
  • Objectives:
    • To reflect India’s current economic structure, improve data credibility, align with global standards, and strengthen the accuracy of macroeconomic indicators.

Important Terms Explained:

  • Base Year (National Accounts):
    • The year used as a benchmark for calculating real economic indicators like GDP, where prices and output levels are standardized for meaningful comparison.
  • Gross Domestic Product (GDP):
    • A key macroeconomic indicator representing the total value of goods and services produced in a country within a specific time, adjusted to reflect current economic realities after rebasing.
  • Index of Industrial Production (IIP):
    • A monthly index tracking the performance of industrial sectors like manufacturing, mining, and electricity. The base year revision ensures updated industrial weightage.

Tabular Summary:

Parameter Details
Event name Update of base year for national accounts
Announcement date December 2025 (Winter Session of Parliament)
Location India
Issuing authority Ministry of Statistics and Programme Implementation (MoSPI)
Policy/series name National Accounts Base Year Revision
Key figures Nirmala Sitharaman (Finance Minister), Rao Inderjit Singh (MoSPI)
Purpose/reason To reflect modern economic realities, digital economy, post-COVID changes
Feature details GDP, IIP, and sectoral data to use 2022–23 base year
Validity or status Effective from February 26–27, 2026
Strategic value Improved global comparability, better policymaking, enhanced credibility

19. Which new ride-hailing platform has launched pilot trials in Delhi and Gujarat with a zero-commission, cooperative model?
A) Sahakar Rides
B) Bharat Taxi
C) JanCab
D) Cooperative Cab
E) Desh Yatra
Answer: B) Bharat Taxi

Event and Location:

  • Event: Launch of Bharat Taxi pilot trials with zero-commission ride-hailing model
  • Location: Delhi and Gujarat
  • Date: November 2025 (Pilot phase), announced on December 4, 2025

Mandates and Objectives:

  • Mandates:
    • Bharat Taxi, operated by Sahakar Taxi Cooperative Limited, has launched its pilot phase in Delhi and Gujarat. It follows a cooperative, driver-owned business model with zero commission and no surge pricing.
  • Objectives:
    • To empower drivers through cooperative ownership, offer transparent and affordable fares to passengers, and promote inclusive, digital-first service delivery under the Sahakar Se Samriddhi initiative.

Important Terms Explained:

  • Bharat Taxi:
    • A government-supported cooperative ride-hailing platform launched to compete with commercial aggregators like Uber and Ola, emphasizing zero commission and driver ownership.
  • Sahakar Se Samriddhi:
    • A Union Government initiative promoting prosperity through cooperative economic models, especially in sectors like agriculture, services, and transportation.
  • National e-Governance Division (NeGD):
    • A division under the Ministry of Electronics and IT (MeitY) responsible for implementing e-governance projects and supporting digital service delivery platforms like DigiLocker and UMANG.

Tabular Summary:

Parameter Details
Event name Bharat Taxi pilot launch
Announcement date December 4, 2025
Location Delhi and Gujarat (Saurashtra region)
Issuing authority Sahakar Taxi Cooperative Ltd, supported by MoC and NeGD
Policy/series name Sahakar Se Samriddhi cooperative initiative
Key figures Over 51,000 drivers onboarded; 650 in Delhi phase
Purpose/reason Empower drivers, reduce fare burden, promote cooperative ride-hailing
Feature details Zero commission, no surge pricing, driver ownership, app-based service
Validity or status Pilot phase active; national rollout by December 2025
Strategic/significant value Reshaping urban mobility through people-owned, digital-first platforms

20. Where was the Regional AI Impact Conference 2025 held as part of the lead-up to the India-AI Impact Summit 2026?
A) Imphal
B) Dispur
C) Shillong
D) Aizawl
E) Kohima
Answer: C) Shillong

Event and Location:

  • Event: Regional AI Impact Conference 2025
  • Location: Shillong, Meghalaya
  • Date: December 3, 2025

Mandates and Objectives:

  • Mandates:
    • To organize regional-level AI conferences ahead of the national India-AI Impact Summit 2026; showcase the IndiaAI Mission’s ongoing initiatives including AI infrastructure and skill training.
  • Objectives:
    • To decentralize AI infrastructure, provide affordable compute power, establish regional AI/data labs, and train 1 million individuals in AI and data skills across India, especially in tier 2 and tier 3 regions.

Important Terms Explained:

  • IndiaAI Mission:
    • A central government initiative with a ₹10,300 crore outlay aimed at scaling AI infrastructure, including GPUs, data labs, compute resources, and nationwide skill development.
  • GPU (Graphics Processing Unit):
    • High-performance computing units essential for training and deploying AI models, especially in research, startups, and academic institutions.
  • AI/Data Labs:
    • Specialised technology labs for practical AI learning, development, and experimentation — designed for academic, entrepreneurial, and innovation usage.

Tabular Summary:

Parameter Details
Event name Regional AI Impact Conference 2025
Announcement date December 3, 2025
Location Shillong, Meghalaya
Issuing authority Ministry of Electronics and IT / NeGD
Policy/series name IndiaAI Mission
Key figures Union Minister (MeitY), Chief Minister of Meghalaya
Purpose/reason Democratize AI access and prepare ground for India-AI Summit 2026
Feature details 38,000 GPUs, 600+ AI labs, 1 million to be trained in AI
Validity or status Pilot labs active in NE; summit scheduled for Feb 2026
Strategic significance Inclusion of Northeast in national AI growth and innovation map


Over All Review

Important Days

  • Indian Navy Day 2025 was observed on December 4 to honour Operation Trident and recognise the Navy’s maritime contributions.
  • The International Day of Banks 2025 was observed on December 4 to highlight the critical role of banks in achieving the UN’s Sustainable Development Goals.
  • December 4, 2025, marked the first-ever observance of the International Day Against Unilateral Coercive Measures, declared by the United Nations.
  • International Cheetah Day is celebrated every year on December 4.

Sports 

  • The Archery Premier League won the ‘Emerging Professional Sports Event of the Year’ award at the India Sports Awards 2025.

Ranking 

  • Denmark topped the Women, Peace and Security (WPS) Index 2025/26 with a near-perfect score of 0.939.
  • The Poshan Tracker shows that 33.54% of children under five in India are stunted as of 2025.

Banking and Finance 

  • India recorded 231 crore Aadhaar authentication transactions in November 2025, an 8.47% increase over the previous year.
  • SEBI launched the SWAGAT-FI framework on December 1, 2025, to streamline access for trusted foreign investors.

Business And Economy

  • S&P Global Ratings has upgraded India’s insolvency regime from Group C to Group B.

Appointments

  • India has assumed the Chairship of International IDEA for the year 2026, marking a first in its history.
  • Aparna Garg, an IRAS officer of the 1987 batch, has taken charge as Member (Finance) of the Railway Board.
  • Vikram Sahu has been appointed as the CEO of Bank of America India for a three-year term with RBI’s approval.
  • Brendan Nelson has been appointed as the new Chairman of HSBC, succeeding Mark Tucker as of December 3, 2025.
  • Jeyandran Venugopal has been appointed as the President and CEO of Reliance Retail Ventures Ltd, effective December 3, 2025.

Awards 

  • Armand Duplantis of Sweden was named World Athlete of the Year 2025 after clearing a world record 6.30m in the pole vault.

Schemes

  • The Haryana Government has revised the Lado Lakshmi Yojana to provide ₹6,300 quarterly instead of ₹2,100 monthly.

National Affairs

  • India will revise its national accounts base year to 2022–23, replacing the decade-old 2011–12 series.
  • Bharat Taxi has launched pilot operations in Delhi and Gujarat under a cooperative, driver-owned model.
  • The Regional AI Impact Conference 2025 was held in Shillong on December 3 as a precursor to the India-AI Impact Summit 2026.

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs December 03

Our Products

  • Current Affairs Package ( 1 Year Validity ) – Click Here

  • All in One – 1 Year Subscription – Click Here

  • Banking Awareness Video Course – Click Here

  • Insurance Awareness Video Course – Click Here