Daily Current Affairs December 04
Table of Contents
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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
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Important Days
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Sports
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Ranking
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Banking and Finance
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Business And Economy
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Appointments
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Awards
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Schemes
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National Affairs
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