Daily Current Affairs December 11

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December 11 | Daily Current Affairs 2025

Important Days – Daily Current Affairs December 11

1. When is UNICEF Foundation Day observed and what is its significance in 2025?
A) December 10, promotes children’s rights through education
B) December 11, marks the founding of the United Nations
C) December 12, celebrates global peace and children’s welfare
D) December 11, marks UNICEF’s 79th anniversary of child rights advocacy
E) December 10, commemorates Nobel Peace Prize to UNICEF
Answer: D) December 11, marks UNICEF’s 79th anniversary of child rights advocacy

Event and Location:

  • Event: UNICEF Foundation Day 2025
  • Location: Global (United Nations-led observance)
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Observance of the 79th anniversary of UNICEF’s founding
  • Objectives: Raise global awareness about child rights, protection, healthcare, education, and support for vulnerable children in conflict and climate-affected regions

Important Terms Explained:

  • UNICEF (United Nations Children’s Fund): A UN agency dedicated to protecting children’s rights and promoting their well-being through healthcare, education, nutrition, and emergency aid
  • UN General Assembly: The body that established UNICEF in 1946 after World War II to support children affected by global crises
  • Child Agency: A concept promoted by UNICEF where children are recognized as active participants in shaping their futures, not just passive recipients of aid

Tabular Summary:

Parameter Details
Event name UNICEF Foundation Day 2025
Announcement date December 11, 2025
Location Global (observed in 190+ countries)
Issuing authority United Nations General Assembly
Policy/series name UNICEF Anniversary Observance
Key figures Catherine Russell (Executive Director), António Guterres (UN Secretary-General)
Purpose/reason Celebrates 79 years of global commitment to child rights and welfare
Feature details Child health, nutrition, education, sanitation, and protection in emergencies
Validity or status Ongoing global observance; marks 79th anniversary
Strategic/significant value Reinforces global child rights, emergency responses, climate resilience, and youth participation

2. What is the theme of International Mountain Day 2025?
A) Mountains Matter for All
B) Water from the Heights
C) Glaciers matter for water, food and livelihoods in mountains and beyond
D) Preserve Peaks, Preserve Life
E) Climate Action for Mountain Regions
Answer: C) Glaciers matter for water, food and livelihoods in mountains and beyond

Event and Location:

  • Event: Observance of International Mountain Day 2025
  • Location: Global (UN-led international awareness campaign)
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Annual observance to raise awareness about mountain ecosystems and the urgent need for glacier preservation
  • Objectives: Highlight the role of glaciers in freshwater security, food systems, livelihoods, biodiversity, and climate resilience; drive collective global action to protect mountain environments

Important Terms Explained:

  • International Mountain Day (IMD): An annual UN observance on December 11 to promote sustainable development in mountain regions
  • International Year of Glaciers’ Preservation: Declared by the UN General Assembly for 2025, focusing on glacier conservation, climate action, and global cooperation
  • Glacial Lake Outburst Floods (GLOFs): Sudden floods caused by the collapse of glacier lakes, posing major risks to downstream communities and infrastructure

Tabular Summary:

Parameter Details
Event name International Mountain Day 2025
Announcement date December 11, 2025
Location Global
Issuing authority United Nations
Policy/series name International Year of Glaciers’ Preservation
Key figures António Guterres (UN Secretary-General)
Purpose/reason Raise awareness on glacier preservation and mountain sustainability
Feature details Theme focused on glaciers’ role in water, food, energy, and ecosystems
Validity or status Part of annual global observance + special UN declaration for 2025
Strategic/significant value Addresses climate change, water security, disaster risk, and indigenous rights

Banking and Finance – Daily Current Affairs December 11

3. At what cut-off rate did Bank of India raise ₹2,500 crore through Tier-II bonds in December 2025?
A) 6.93 percent
B) 7.28 percent
C) 7.55 percent
D) 7.40 percent
E) 7.45 percent
Answer: B) 7.28 percent

Event and Location:

  • Event: Bank of India raised ₹2,500 crore via Tier-II bonds
  • Location: Mumbai, India
  • Date: December 10, 2025

Mandates and Objectives:

  • Mandates: Bank of India (BoI) raised ₹2,500 crore through 10-year Tier-II bonds at a 7.28% cut-off, with a call option after five years. The issue included a ₹1,500 crore greenshoe option.
  • Objectives: The bond issuance was aimed at strengthening the bank’s capital base, meeting regulatory capital requirements, and enhancing long-term funding sources.

Important Terms Explained:

  • Tier-II Bonds: A type of subordinated debt used by banks to raise capital, qualifying as Tier-II capital under Basel-III norms. These bonds have a fixed maturity period and may carry a call option.
  • Call Option: A provision allowing the issuer (in this case, BoI) to redeem the bonds before maturity, typically after a pre-defined period—in this case, five years.
  • Greenshoe Option: An option that allows issuers to raise additional funds beyond the base issue size, subject to investor demand.
  • Additional Tier-I (AT I) Bonds: Perpetual bonds with no fixed maturity, used by banks to raise Tier-I capital; typically carry higher risk and yield.
  • Infrastructure Bonds: Long-term debt instruments used to finance infrastructure projects, offering tax benefits under Section 80CCF.

Tabular Summary:

Parameter Details
Event name Bank of India raises ₹2,500 crore via Tier-II bonds
Announcement date December 10, 2025
Location Mumbai, India
Issuing authority Bank of India
Policy/series name Tier-II Bond Issuance
Key figures Rajneesh Karnatak (MD & CEO, BoI)
Purpose/reason To raise regulatory capital and boost long-term funding
Feature details 10-year maturity, 7.28% cut-off, call option after 5 years
Validity or status Fully subscribed; ₹1,500 crore greenshoe option included
Strategic/significant value Strengthens bank’s Tier-II capital under Basel-III norms

4. What is the final redemption price fixed by RBI for SGB 2017–18 Series XI per unit?
A) ₹10,000
B) ₹11,500
C) ₹12,801
D) ₹2,954
E) ₹13,000
Answer: C) ₹12,801

Event and Location:

  • Event: RBI announces redemption price for Sovereign Gold Bonds (SGBs)
  • Location: Mumbai, India
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: The Reserve Bank of India (RBI) announced a final redemption price of ₹12,801 per unit for SGB 2017–18 Series XI and also for the premature redemption of SGB 2019–20 Series I.
  • Objectives: The aim of the Sovereign Gold Bond Scheme is to provide investors an alternative to physical gold and reduce the nation’s gold imports, while offering returns linked to gold price and annual interest income.

Important Terms Explained:

  • Sovereign Gold Bond (SGB): A government-backed security denominated in grams of gold, offering investors exposure to gold price movement along with an annual interest rate of 2.5%.
  • Redemption Price: The price paid to investors at maturity or premature redemption, calculated using the average closing price of 999-purity gold published by the India Bullion and Jewellers Association (IBJA) over the last 3 working days.
  • India Bullion and Jewellers Association (IBJA): An industry body that publishes benchmark prices for gold and silver in India, which are used to determine SGB redemption values.

Tabular Summary:

Parameter Details
Event name RBI announces final redemption price for SGB 2017–18 Series XI
Announcement date December 11, 2025
Location Mumbai, India
Issuing authority Reserve Bank of India
Policy/series name Sovereign Gold Bond 2017–18 Series XI & 2019–20 Series I
Key figures Shaktikanta Das (Governor, RBI)
Purpose/reason To provide returns on SGBs based on gold price and fixed interest
Feature details Redemption price ₹12,801 per unit; 2.5% annual interest
Validity or status Redemption due on December 11, 2025
Strategic/significant value Promotes non-physical gold investment, reduces gold imports

5. How much liquidity did banks receive from RBI’s fully subscribed OMO purchase auction in December 2025?
A) ₹28,000 crore
B) ₹75,000 crore
C) ₹50,000 crore
D) ₹60,000 crore
E) ₹40,000 crore
Answer: C) ₹50,000 crore

Event and Location:

  • Event: RBI conducts fully subscribed OMO auction for G-Sec purchase
  • Location: Mumbai, India
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: The Reserve Bank of India (RBI) conducted an Open Market Operation (OMO) purchase of seven Government Securities (G-Secs) worth ₹50,000 crore, which was fully subscribed.
  • Objectives: The measure is part of RBI’s liquidity injection strategy, aimed at managing liquidity in the banking system, stabilising G-Sec yields, and ensuring smooth credit flow as part of the bi-monthly monetary policy framework.

Important Terms Explained:

  • Open Market Operation (OMO): A tool used by the RBI to inject or absorb liquidity from the banking system by buying or selling G-Secs in the open market.
  • G-Secs (Government Securities): Sovereign bonds issued by the Government of India, considered risk-free instruments, traded in the debt market.
  • Liquidity Injection: The process by which the central bank provides funds to banks, enhancing their lending capacity and lowering market interest rates.
  • Yield Softening: A decline in bond yields, indicating higher demand for government securities, which helps reduce borrowing costs for the government.

Tabular Summary:

Parameter Details
Event name RBI’s ₹50,000 crore OMO auction fully subscribed
Announcement date December 11, 2025
Location Mumbai, India
Issuing authority Reserve Bank of India
Policy/series name Open Market Operations (OMO) – G-Sec Purchase
Key figures Shaktikanta Das (Governor, RBI)
Purpose/reason To inject liquidity and support bond market stability
Feature details 7 G-Secs purchased; 10-year yield softened from 6.66% to 6.61%
Validity or status Auction completed and fully subscribed
Strategic/significant value Enhances bank liquidity, supports monetary policy implementation

Business and Economy – Daily Current Affairs December 11

6. How much capital did ICICI Prudential AMC raise in its recent pre-IPO funding round?
A) ₹2,140 crore
B) ₹10,147 crore
C) ₹4,815 crore
D) ₹3,236 crore
E) ₹6,610 crore
Answer: C) ₹4,815 crore

Event and Location:

  • Event: ICICI Prudential AMC raises ₹4,815 crore in pre-IPO round
  • Location: Bengaluru, India
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: ICICI Prudential Asset Management Company Ltd successfully raised ₹4,815 crore in a pre-IPO round through the allotment of over 2.22 crore shares at an issue price of ₹2,165 per share.
  • Objectives: The pre-IPO fundraising is aimed at strengthening investor confidence, ensuring robust participation in the upcoming IPO, and reinforcing ICICI Prudential AMC’s market leadership in asset management.

Important Terms Explained:

  • Pre-IPO Placement: A private sale of shares by a company to selected investors before its Initial Public Offering, often used to raise capital and attract strategic partners.
  • AMC (Asset Management Company): A firm that invests pooled funds from clients into securities, managing portfolios based on specified investment goals.
  • QAAUM (Quarterly Average Assets Under Management): An average of assets managed by an AMC over a quarter, used to assess performance and scale.
  • Offer-for-Sale (OFS): A method by which promoters or major shareholders sell their shares in the secondary market to the public during an IPO or follow-on offering.

Tabular Summary:

Parameter Details
Event name ICICI Prudential AMC raises ₹4,815 crore in pre-IPO round
Announcement date December 11, 2025
Location Bengaluru, India
Issuing authority ICICI Prudential Asset Management Company Ltd
Policy/series name Pre-IPO Placement Round
Key figures Nimesh Shah (CEO), Sandeep Bakhshi (MD & CEO, ICICI Bank)
Purpose/reason To attract strategic investors ahead of IPO and reinforce market confidence
Feature details 2.22 crore shares allotted at ₹2,165/share; ICICI Bank invested ₹2,140 crore
Validity or status Completed pre-IPO; IPO upcoming
Strategic/significant value Strengthens market leadership; AMC has ₹10.1 trillion QAAUM and top profits

7. What is the new market capitalisation milestone achieved by Muthoot Finance as of December 2025?
A) ₹1 lakh crore
B) ₹1.2 lakh crore
C) ₹1.5 lakh crore
D) ₹2 lakh crore
E) ₹50,000 crore
Answer: C) ₹1.5 lakh crore

Event and Location:

  • Event: Muthoot Finance crosses ₹1.5 lakh crore market capitalisation
  • Location: Kochi, Kerala
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Muthoot Finance, India’s leading gold loan NBFC, achieved a market capitalisation of ₹1.5 lakh crore, becoming the 59th largest listed company in India and 12th among financial services firms.
  • Objectives: The achievement reflects the company’s aim to sustain high shareholder value, expand its gold loan business, and grow its nationwide presence while maintaining strong financial fundamentals.

Important Terms Explained:

  • Market Capitalisation: The total market value of a company’s outstanding shares, calculated by multiplying current share price with the total number of outstanding shares. It reflects investor confidence and company valuation.
  • NBFC (Non-Banking Financial Company): A financial institution that provides banking services like loans and investments but does not hold a banking license. NBFCs are regulated by RBI.
  • Capital Adequacy Ratio (CAR): A measure of a financial institution’s available capital expressed as a percentage of its risk-weighted credit exposures. Muthoot Finance reported a CAR of 20.89%, well above the regulatory minimum.

Tabular Summary:

Parameter Details
Event name Muthoot Finance crosses ₹1.5 lakh crore market capitalisation
Announcement date December 11, 2025
Location Kochi, Kerala
Issuing authority Muthoot Finance Ltd
Policy/series name Market Capitalisation Milestone
Key figures George Alexander Muthoot (MD)
Purpose/reason Recognises rapid value creation in the NBFC sector and gold loan segment
Feature details ₹50,000 crore added in 5 months; total gold pledged: 209 tonnes
Validity or status Achieved milestone as of Dec 2025
Strategic/significant value 59th largest Indian company, 12th among financial services firms

Appointments – Daily Current Affairs December 11

8. Who has been appointed as the next CEO of Coca-Cola effective March 31, 2026?
A) David Weinberg
B) James Quincey
C) Henrique Braun
D) Roberto Goizueta
E) Muhtar Kent
Answer: C) Henrique Braun

Event and Location:

  • Event: Appointment of Henrique Braun as next CEO of Coca-Cola
  • Location: Atlanta, United States
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Henrique Braun, current Chief Operating Officer (COO) of Coca-Cola, will take over as CEO on March 31, 2026, while James Quincey will transition to the role of Executive Chairman.
  • Objectives: The leadership transition aims to strengthen Coca-Cola’s global growth strategy, continue brand innovation, and maintain operational excellence amid evolving consumer preferences and market conditions.

Important Terms Explained:

  • CEO (Chief Executive Officer): The highest-ranking executive responsible for strategic decisions, performance, and leadership of a company.
  • Executive Chairman: A board-level role where the outgoing CEO (James Quincey) remains actively involved in strategic planning and governance, while daily operations are handled by the CEO.
  • COO (Chief Operating Officer): An executive position responsible for overseeing day-to-day administrative and operational functions of a company. Henrique Braun previously held this role before his elevation.

Tabular Summary:

Parameter Details
Event name Appointment of Henrique Braun as Coca-Cola CEO
Announcement date December 11, 2025
Location Atlanta, United States
Issuing authority Coca-Cola Company Board of Directors
Policy/series name Leadership Transition
Key figures Henrique Braun, James Quincey, David Weinberg
Purpose/reason Leadership succession to continue strategic global growth
Feature details Braun to assume CEO role on March 31, 2026; Quincey to become Exec Chairman
Validity or status Announced; effective March 31, 2026
Strategic/significant value Strengthens leadership focus on innovation, global expansion, and sustainability

Science and Technology – Daily Current Affairs December 11

9. Which institute has developed a ₹70 membrane-less photocatalytic fuel cell for self-powered IoT devices?
A) IIT Kanpur
B) IISc Bangalore
C) BITS Pilani Hyderabad
D) NIT Tiruchirappalli
E) DRDO
Answer: C) BITS Pilani Hyderabad

Event and Location:

  • Event: Development of a ₹70 membrane-less photocatalytic fuel cell for IoT devices
  • Location: Hyderabad, Telangana
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Researchers at BITS Pilani-Hyderabad developed a portable, membrane-less photocatalytic fuel cell (PFC) using TiO₂-coated carbon cloth electrodes within a compact 3D-printed chamber.
  • Objectives: The goal is to provide a cost-effective, green-energy, and lightweight power solution for field-based IoT devices, utilizing solar energy as the primary source.

Important Terms Explained:

  • Photocatalytic Fuel Cell (PFC): A device that directly converts light into electricity through photocatalysis, using photoactive materials and eliminating the need for membranes or external batteries.
  • TiO₂ (Titanium Dioxide): A semiconductor material widely used for photocatalysis due to its chemical stability, environmental friendliness, and efficiency under UV light.
  • Carbon Cloth Electrodes: Lightweight and conductive electrode material used in compact electrochemical devices, known for flexibility and low cost.

Tabular Summary:

Parameter Details
Event name Development of ₹70 membrane-less photocatalytic fuel cell
Announcement date December 11, 2025
Location Hyderabad, Telangana
Issuing authority BITS Pilani-Hyderabad, MEMS, Microfluidics and Nanoelectronics (MMNE) Lab
Policy/series name Photocatalytic Fuel Cell Innovation for IoT
Key figures Sanket Goel (Principal Investigator)
Purpose/reason To offer a green, self-powered solution for remote and portable IoT devices
Feature details Uses TiO₂-coated carbon cloth, no membrane, sunlight as power source
Validity or status Prototype successfully developed
Strategic/significant value Promotes clean energy adoption and self-powered smart device deployment

10. What is the name of the AI-based legal research tool developed under the eCourts Project to assist judges in India?
A) SUPACE
B) LegRAA
C) JustIS
D) PANINI
E) SHRUTI
Answer: B) LegRAA

Event and Location:

  • Event: Supreme Court of India adopts AI tools under eCourts Project
  • Location: New Delhi, India
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: The eCommittee of the Supreme Court, in collaboration with NIC and IIT Madras, is integrating Artificial Intelligence (AI) and its subsets into the judiciary under the Phase-III of the eCourts Project, with tools such as LegRAA, SUPACE, and Digital Courts 2.1.
  • Objectives: The goal is to enhance legal research, judicial efficiency, enable automated processes, support document analysis and translation, and ensure smart case management while ensuring responsible AI adoption.

Important Terms Explained:

  • eCourts Project: A national initiative to digitize court processes and improve access to justice by integrating ICT tools into the judicial system, now in its Phase-III.
  • LegRAA (Legal Research Analysis Assistant): An AI-based tool developed by NIC Pune to assist judges in legal research, document analysis, and support judicial decision-making.
  • SUPACE (Supreme Court Portal Assistance in Court Efficiency): An AI tool under development, aimed at understanding case facts, conducting intelligent precedent searches, and supporting court efficiency.
  • Digital Courts 2.1: A digital platform providing judgment databases, automated drafting templates, voice-to-text (ASR–SHRUTI) and translation (PANINI) tools for judges.
  • ICMIS (Integrated Case Management & Information System): A case management software integrated with AI/ML tools for e-filing, metadata extraction, and defect identification.

Tabular Summary:

Parameter Details
Event name AI tools adopted in Indian judiciary under eCourts Phase-III
Announcement date December 11, 2025
Location New Delhi, India
Issuing authority eCommittee, Supreme Court of India
Policy/series name eCourts Project – Phase III
Key figures Arjun Ram Meghwal, NIC, IIT Madras, eCommittee
Purpose/reason To integrate AI in judiciary to improve efficiency, legal research, and automation
Feature details Tools include LegRAA, SUPACE, Digital Courts 2.1, JustIS, PANINI, SHRUTI
Validity or status Tools under pilot or phased implementation
Strategic/significant value AI integration for better case management, reduced pendency, and modernisation

Defence – Daily Current Affairs December 11

11. What is the name of the first indigenously built Diving Support Craft to be commissioned by the Indian Navy in December 2025?
A) INS Sindhukirti
B) DSC A20
C) INS Vajra
D) DSV Samudra
E) DSC Kochi
Answer: B) DSC A20

Event and Location:

  • Event: Commissioning of India’s first indigenously designed Diving Support Craft
  • Location: Kochi, Kerala
  • Date: December 16, 2025

Mandates and Objectives:

  • Mandates: Commissioning of DSC A20, the first vessel in a series of Diving Support Crafts, under the Southern Naval Command
  • Objectives: Enhance Indian Navy’s capability in diving support, underwater inspection, coastal deployment, and salvage operations using indigenously developed platforms

Important Terms Explained:

  • DSC A20: The first of five indigenously built Diving Support Crafts, designed for underwater missions, inspections, and salvage operations in coastal waters
  • Make in India: A national initiative to boost domestic manufacturing across sectors, including defense and maritime capabilities
  • Aatmanirbharta: India’s policy of self-reliance and reduced import dependency, particularly in defense and infrastructure sectors
  • Titagarh Rail Systems Limited (TRSL): A Kolkata-based Indian shipbuilding firm responsible for constructing the DSC A20
  • Naval Science and Technological Laboratory (NSTL): A DRDO lab responsible for research in naval technologies and hydrodynamic testing

Tabular Summary:

Parameter Details
Event name Commissioning of DSC A20
Announcement date December 11, 2025
Location Kochi, Kerala
Issuing authority Indian Navy and MoD
Policy/series name Indigenous Diving Support Craft Series
Key figures Vice Admiral Sameer Saxena, TRSL, NSTL
Purpose/reason Boost coastal underwater operations and support naval divers
Feature details 390-ton displacement, catamaran hull, advanced diving systems
Validity or status First in a series of five, commissioning on Dec 16, 2025
Strategic/significant value Enhances operational readiness, supports Make in India and Aatmanirbharta in defense

International Affairs – Daily Current Affairs December 11

12. What is the minimum individual contribution required to obtain the newly launched ‘Trump Gold Card’ for expedited U.S. immigration?
A) $500,000
B) $750,000
C) $1 million
D) $2 million
E) $5 million
Answer: C) $1 million

Event and Location:

  • Event: Launch of the ‘Trump Gold Card’ expedited immigration pathway
  • Location: United States
  • Date: September 19, 2025 (official launch date announced by President Trump)

Mandates and Objectives:

  • Mandates: President Donald Trump launched the ‘Trump Gold Card’ program, allowing foreign nationals to obtain expedited U.S. residency by contributing $1 million, with an additional DHS processing fee of $15,000. Companies can sponsor foreign workers by paying $2 million.
  • Objectives: The initiative aims to attract economically strong and skilled individuals to the U.S., offering them lawful permanent residency (green card equivalent) through faster visa processing, and is also seen as a revenue-generating tool to support the national economy and reduce public debt.

Important Terms Explained:

  • Trump Gold Card: A newly introduced U.S. visa category offering expedited permanent residency for foreign nationals who contribute $1 million, or $2 million if sponsored by a company.
  • EB-1 and EB-2 Visas: Employment-based U.S. immigrant visas granted to individuals with extraordinary or exceptional abilities in fields like science, arts, education, or business.
  • Trump Platinum Card: A premium visa option previewed on the official site, offering up to 270 days of U.S. stay without U.S. tax on foreign income for a $5 million contribution, pending formal launch.
  • EB-5 Immigrant Investor Visa: A pre-existing program allowing foreign investors to obtain U.S. residency by investing in job-creating projects; the new Gold Card is positioned as a replacement or enhancement of this program.

Tabular Summary:

Parameter Details
Event name Launch of Trump Gold Card Visa Program
Announcement date September 19, 2025
Location United States
Issuing authority U.S. Government, led by President Donald Trump
Policy/series name Trump Gold Card
Key figures Donald Trump, Kristi Noem, Howard Lutnick
Purpose/reason To attract high-net-worth individuals through fast-track immigration
Feature details $1M contribution + $15K fee; company sponsorship option for $2M
Validity or status Open for applications as of December 2025
Strategic/significant value Aims to raise $1 trillion and bring skilled immigrants into the economy

13. How much funding did Pakistan receive under IMF’s EFF and RSF loan programs on December 10, 2025?
A) $700 million
B) $1.2 billion
C) $1.4 billion
D) $2.9 billion
E) $7 billion
Answer: B) $1.2 billion

Event and Location:

  • Event: Pakistan receives $1.2 billion from IMF under EFF and RSF programs
  • Location: Islamabad, Pakistan
  • Date: December 10, 2025

Mandates and Objectives:

  • Mandates: The International Monetary Fund (IMF) disbursed a combined $1.2 billion to Pakistan under the External Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs, following completion of performance reviews.
  • Objectives: The EFF aims to stabilize Pakistan’s economy through structural reforms and fiscal consolidation, while the RSF supports climate resilience, disaster recovery, and long-term sustainability.

Important Terms Explained:

  • EFF (External Fund Facility): An IMF loan facility designed to provide assistance to countries facing serious balance of payment problems due to structural weaknesses; Pakistan’s program totals $7 billion, approved in September 2024.
  • RSF (Resilience and Sustainability Facility): A climate-focused IMF lending program providing financing to help vulnerable countries build resilience to climate shocks and natural disasters; Pakistan received approval for $1.4 billion under this facility in May 2025.
  • State Bank of Pakistan (SBP): The central bank of Pakistan, responsible for managing monetary policy, foreign exchange reserves, and regulation of the banking system.

Tabular Summary:

Parameter Details
Event name Pakistan receives IMF funding under EFF and RSF
Announcement date December 10, 2025
Location Islamabad, Pakistan
Issuing authority International Monetary Fund (IMF)
Policy/series name External Fund Facility (EFF) and Resilience and Sustainability Facility (RSF)
Key figures Kristalina Georgieva, Jameel Ahmad
Purpose/reason To support macroeconomic stability and climate resilience
Feature details $1.2 billion disbursed after performance reviews under $7B EFF and $1.4B RSF
Validity or status Funds reflected in SBP reserves as of week ending December 12, 2025
Strategic/significant value Supports recovery from economic crisis and monsoon-related damages

14. Which major bilateral event held in Mumbai in December 2025 focused on strengthening economic ties between India and Italy?
A) Indo-EU Economic Meet
B) India–Italy Economic Summit
C) Indo-Mediterranean Trade Expo
D) Italy–India Business Forum 2025
E) India–Rome Tech Dialogue
Answer: D) Italy–India Business Forum 2025

Event and Location:

  • Event: Bilateral Business Forum between India and Italy
  • Location: Mumbai, Maharashtra
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Hosting of the Italy–India Business Forum 2025 and bilateral meetings between government and industry stakeholders from both nations
  • Objectives: To deepen economic cooperation, strengthen trade ties, promote joint ventures, enhance supply chain resilience, and advance the India–Italy Strategic Partnership

Important Terms Explained:

  • India–Italy Strategic Partnership: An elevated diplomatic and economic relationship announced during the visit of the Italian PM in 2023, focusing on high-tech, trade, and innovation cooperation
  • Joint Commission for Economic Cooperation (JCEC): A formal bilateral mechanism to monitor, review, and enhance trade and economic relations between India and Italy
  • SIMEST: An Italian public company supporting internationalization of Italian firms
  • Danieli Group: A leading Italian industrial equipment manufacturer in the steel sector, awarded major green technology contracts in India
  • Confindustria: Italy’s leading business association representing manufacturing and service companies
  • FICCI/CII/ASSOCHAM: Leading Indian industry associations facilitating bilateral business engagements

Tabular Summary:

Parameter Details
Event name Italy–India Business Forum 2025
Announcement date December 11, 2025
Location Mumbai, Maharashtra
Issuing authority Ministry of Commerce & Industry (India) and Ministry of Foreign Affairs (Italy)
Policy/series name India–Italy Strategic Partnership, JCEC
Key figures Piyush Goyal, Antonio Tajani
Purpose/reason Enhance bilateral trade, tech cooperation, and industrial collaboration
Feature details MoUs, sectoral dialogues, B2B matchmaking, startup collaboration
Validity or status Active economic partnership, agreements signed
Strategic/significant value Strengthens EU–India economic link, promotes resilient supply chains and sustainable industries

Schemes – Daily Current Affairs December 11

15. Under which flagship initiative has the Government approved ₹86.38 crore for tribal welfare projects in Telangana for FY 2024–25 and 2025–26?
A) Van Dhan Yojana
B) TRIFED Empowerment Scheme
C) PM Janjatiya Vikas Mission
D) PM DhartiAaba Janjatiya Gram Utkarsh Abhiyan
E) Ek Bharat Shreshtha Bharat
Answer: D) PM DhartiAaba Janjatiya Gram Utkarsh Abhiyan

Event and Location:

  • Event: Approval of ₹86.38 crore for tribal infrastructure and marketing under PM DA JGUA
  • Location: Telangana, India
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: The Ministry of Tribal Affairs, under PM DhartiAaba Janjatiya Gram Utkarsh Abhiyan (PM DA JGUA), approved proposals from the Government of Telangana for tribal infrastructure development and establishment of Tribal Multipurpose Marketing Centres (TMMCs).
  • Objectives: The scheme aims to bridge critical infrastructure gaps in tribal areas by improving education, hostels, marketing, skill development, and supporting Minor Forest Produce (MFP) gatherers and tribal artisans for holistic tribal development.

Important Terms Explained:

  • PM DhartiAaba Janjatiya Gram Utkarsh Abhiyan (PM DA JGUA): A flagship tribal development initiative focused on enhancing infrastructure, education, livelihood, and community welfare in tribal regions.
  • Tribal Multipurpose Marketing Centres (TMMCs): Centres designed to provide marketing linkages, training, and mentoring for tribal artisans and MFP gatherers, improving their access to markets and income generation.
  • FRA Cell (Forest Rights Act Cell): State and district-level administrative units tasked with implementation and strengthening of forest rights, enabling tribal communities to secure land and forest-based entitlements.

Tabular Summary:

Parameter Details
Event name Approval of projects under PM DhartiAaba Janjatiya Gram Utkarsh Abhiyan
Announcement date December 11, 2025
Location Telangana, India
Issuing authority Ministry of Tribal Affairs
Policy/series name PM DA JGUA and Tribal Multipurpose Marketing Centres
Key figures Shri Durgadas Uikey (MoS, Tribal Affairs)
Purpose/reason To enhance infrastructure, marketing, and livelihood opportunities in tribal areas
Feature details ₹77.94 cr for hostels, classrooms, renovation; ₹2 cr for 2 TMMCs approved
Validity or status Projects approved for FY 2024–25 and 2025–26
Strategic/significant value Promotes socio-economic upliftment and integration of tribal communities

16. Which scheme was launched in 2019 to expedite trial of rape and POCSO cases through dedicated Fast Track Special Courts in India?
A) Nirbhaya Justice Scheme
B) eCourts Programme
C) FTSC Scheme
D) Saksham Nyay Yojana
E) Mahila Nyay Mission
Answer: C) FTSC Scheme

Event and Location:

  • Event: Extension and operational update on Fast Track Special Courts (FTSC) Scheme
  • Location: Pan India (29 States/UTs currently participating)
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates:
    • Establish Fast Track Special Courts (FTSCs) including exclusive POCSO (ePOCSO) Courts.
    • Funded as a Centrally Sponsored Scheme (CSS) with support from Nirbhaya Fund.
    • Focus on speedy trials of rape and POCSO Act cases.
  • Objectives:
    • Reduce case pendency and enhance access to justice for victims of sexual crimes.
    • Improve disposal rate of rape and POCSO cases through dedicated judicial infrastructure.
    • Provide child-friendly and victim-sensitive environments, such as Vulnerable Witness Deposition Centres.

Important Terms Explained:

  • FTSC Scheme (Fast Track Special Courts):
    • A centrally sponsored initiative started in October 2019 to fast-track trials for rape and POCSO cases in dedicated courts.
  • ePOCSO Courts:
    • Exclusive courts under the FTSC scheme dealing specifically with offences under the Protection of Children from Sexual Offences (POCSO) Act, 2012.
  • Nirbhaya Fund:
    • A central corpus launched in 2013 aimed at ensuring the safety and security of women and children, used here to fund FTSC infrastructure and salaries.
  • Disposal Rate:
    • FTSCs dispose of 9.51 cases/month on average vs 3.26 cases/month in regular courts—indicating higher efficiency.

Tabular Summary:

Parameter Details
Event name FTSC Scheme extension and update
Announcement date December 11, 2025
Location Pan India (29 States/UTs participating)
Issuing authority Ministry of Law and Justice, eCommittee of Supreme Court
Policy/series name FTSC Scheme – Fast Track Special Courts
Key figures Arjun Ram Meghwal (Minister of State, Law & Justice)
Purpose/reason Speedy trial and disposal of rape and POCSO cases
Feature details 773 FTSCs functional; ₹1108.97 crore disbursed; 3.5 lakh+ cases disposed
Validity or status Extended up to 31 March 2026
Strategic/significant value Enhanced victim-centric justice and faster legal resolution

17. Under which scheme was the now-discontinued Mega Food Park Scheme implemented?
A) Pradhan Mantri Fasal Bima Yojana
B) PM Formalisation of Micro Food Enterprises
C) Pradhan Mantri Krishi Sinchai Yojana
D) Pradhan Mantri Kisan Sampada Yojana
E) National Food Security Mission
Answer: D) Pradhan Mantri Kisan Sampada Yojana

Event and Location:

  • Event: Review of status of Mega Food Park Projects under PMKSY
  • Location: All-India
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: The Ministry of Food Processing Industries reviewed the implementation and outcomes of the Mega Food Park Scheme, including project costs, employment generation, and private investment attracted.
  • Objectives: To promote agro-processing infrastructure, reduce post-harvest losses, support farmer incomes, and generate rural employment through integrated food processing parks.

Important Terms Explained:

  • Pradhan Mantri Kisan Sampada Yojana (PMKSY): A central scheme aimed at boosting food processing infrastructure, reducing agri-waste, and creating employment.
  • Mega Food Park Scheme (MFPS): A component of PMKSY launched in 2008 to provide state-of-the-art facilities for food processing across the value chain.
  • Special Purpose Vehicle (SPV): A corporate entity formed by private players or state bodies to implement, own, and operate the Mega Food Parks.

Tabular Summary:

Parameter Details
Event name Mega Food Park Scheme Review under PMKSY
Announcement date December 11, 2025
Location Across India
Issuing authority Ministry of Food Processing Industries
Policy/series name Mega Food Park Scheme under PMKSY
Key figures Shri Ravneet Singh (MoS, Food Processing Industries)
Purpose/reason To assess employment generation, private investment, and project status
Feature details 41 Mega Food Parks approved; ₹50 crore max grant per project
Validity or status Scheme discontinued from April 1, 2021; only committed liabilities funded
Strategic/significant value Strengthens agro-based economy, boosts exports, generates rural jobs

National Affairs – Daily Current Affairs December 11

18. Which institution hosted the first Annual India BioImaging Meeting (IBIAM 2025) in Mysuru?
A) IISc Bangalore
B) JSS Academy of Higher Education and Research
C) NIMHANS
D) AIIMS Delhi
E) IISER Bhopal
Answer: B) JSS Academy of Higher Education and Research

Event and Location:

  • Event: Hosting of the first Annual India BioImaging Meeting (IBIAM 2025)
  • Location: Mysuru, Karnataka
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: The JSS Academy of Higher Education and Research (JSS AHER) organized the first Annual India BioImaging Meeting (IBIAM 2025) in collaboration with India BioImaging (IBI) and IISER Pune.
  • Objectives: The event aimed to promote advanced biological imaging research, position Mysuru as a hub for bioimaging, and bring together key stakeholders from major imaging facilities across India.

Important Terms Explained:

  • India BioImaging (IBI): A national initiative that connects advanced imaging facilities, researchers, and stakeholders to promote collaboration and innovation in biological imaging technologies.
  • IBIAM (India BioImaging Annual Meeting): A conference series intended to support knowledge-sharing and research collaboration in the bioimaging domain across India.
  • JSS Academy of Higher Education and Research (JSS AHER): A deemed-to-be university in Mysuru, Karnataka, known for its contributions to education and health sciences, and now expanding its research footprint into biological imaging.

Tabular Summary:

Parameter Details
Event name First Annual India BioImaging Meeting (IBIAM 2025)
Announcement date December 11, 2025
Location Mysuru, Karnataka
Issuing authority JSS Academy of Higher Education and Research
Policy/series name India BioImaging Annual Meeting (IBIAM)
Key figures Dr. Basavana Gowdappa (Vice-Chancellor, JSS AHER)
Purpose/reason To promote biological imaging research and collaborative innovation
Feature details Participation of facility managers, experts, and reps from 22 imaging cores
Validity or status First edition held successfully
Strategic/significant value Establish Mysuru as a bioimaging research hub

19. Who recently flagged off India’s first indigenously developed hydrogen fuel-cell vessel?
A) Nitin Gadkari
B) Narendra Modi
C) Hardeep Singh Puri
D) Sarbananda Sonowal
E) Jyotiraditya Scindia
Answer: D) Sarbananda Sonowal

Event and Location:

  • Event: Flag-off of India’s first indigenous hydrogen fuel-cell vessel
  • Location: Varanasi, Uttar Pradesh
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Union Minister Sarbananda Sonowal flagged off India’s first hydrogen fuel-cell powered vessel, developed indigenously, at Namo Ghat in Varanasi.
  • Objectives: The initiative is aimed at promoting clean, sustainable inland water transport, showcasing India’s green energy capabilities, and enhancing eco-friendly connectivity solutions across waterways.

Important Terms Explained:

  • Hydrogen Fuel-Cell Vessel: A marine vehicle powered by hydrogen fuel cells, which convert hydrogen into electricity to propel the vessel, emitting only water vapor and making it a zero-emission transport.
  • Inland Waterways: Navigable rivers, canals, and backwaters used for internal transport and cargo movement, offering a cleaner and more cost-effective alternative to road and rail.
  • Namo Ghat: A newly developed riverfront facility on the Ganga River in Varanasi, known for hosting key cultural and infrastructure events.

Tabular Summary:

Parameter Details
Event name Flag-off of India’s first indigenous hydrogen fuel-cell vessel
Announcement date December 11, 2025
Location Varanasi, Uttar Pradesh
Issuing authority Ministry of Ports, Shipping and Waterways
Policy/series name Green Inland Water Transport Initiative
Key figures Sarbananda Sonowal, Dayashankar Singh, Ravindra Jaiswal, Dayashankar Mishra
Purpose/reason Promote clean, sustainable inland water transport in India
Feature details Hydrogen-powered, zero-emission, indigenously developed vessel
Validity or status Commercial operations formally started
Strategic/significant value Positions India among global leaders in green maritime technologies

20. How much renewable energy capacity was recently added in Puducherry under central solar schemes?
A) 10 MW
B) 13.794 MW
C) 16.21 MW
D) 20 MW
E) 12.329 MW
Answer: B) 13.794 MW

Event and Location:

  • Event: Puducherry adds renewable energy capacity under Central solar schemes
  • Location: Puducherry, India
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: The Union Territory of Puducherry added 13.794 MW of renewable energy capacity through the Grid Connected Rooftop Solar (GCRT) programme and PM Surya Ghar Bijli Yojana (PMSGMBY).
  • Objectives: The schemes aim to increase rooftop solar adoption, provide financial and technical support to households and institutions, and promote the use of clean energy in residential and social sectors.

Important Terms Explained:

  • Grid Connected Rooftop Solar (GCRT) Programme: A central government initiative that provides financial and technical assistance for installing rooftop solar systems connected to the power grid, targeting residential, institutional, and social sectors.
  • PM Surya Ghar Bijli Yojana (PMSGMBY): A residential rooftop solar subsidy scheme offering direct financial support to households—₹30,000 for 1 kW, ₹60,000 for 2 kW, and ₹78,000 for 3 kW and above—to promote household solar adoption.
  • Rooftop Solar: A method of generating solar power by installing solar panels on the roof of buildings, contributing to decentralized renewable energy generation and reduced electricity bills.

Tabular Summary:

Parameter Details
Event name Addition of 13.794 MW solar capacity in Puducherry
Announcement date December 11, 2025
Location Puducherry, India
Issuing authority Ministry of New and Renewable Energy (MNRE)
Policy/series name GCRT Programme, PM Surya Ghar Bijli Yojana (PMSGMBY)
Key figures Shripad Yesso Naik, V. Vaithilingam
Purpose/reason To promote rooftop solar installations and renewable energy use
Feature details 2,329 solar projects, ₹16.21 crore allocated, capacity added: 13.794 MW
Validity or status Active schemes under implementation
Strategic/significant value Supports India’s clean energy goals and decentralized power generation

21. What is the maximum subsidy the Tamil Nadu government will provide per powerloom under its modernisation scheme?
A) ₹50,000
B) ₹1 lakh
C) ₹2.55 lakh
D) ₹1.5 lakh
E) ₹75,000
Answer: B) ₹1 lakh

Event and Location:

  • Event: Tamil Nadu government announces subsidy for modernising powerlooms
  • Location: Coimbatore/Erode, Tamil Nadu
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: The Tamil Nadu State Government has announced a 50% subsidy (or ₹1 lakh, whichever is lower) for powerloom weavers to convert traditional plain powerlooms into rapier shuttleless looms.
  • Objectives: The scheme aims to modernise the textile sector, improve weaving efficiency, reduce manual intervention, and enhance productivity and quality of woven fabrics in the state’s powerloom hubs.

Important Terms Explained:

  • Powerloom: A mechanised loom powered by electricity, commonly used in the weaving sector for mass fabric production.
  • Rapier Shuttleless Looms: Advanced looms that do not use the traditional shuttle, instead using rapiers to insert the weft yarn, allowing faster, quieter, and more efficient weaving.
  • Subsidy: A government financial assistance provided to reduce the effective cost for beneficiaries—in this case, up to ₹1 lakh per loom for modernisation.

Tabular Summary:

Parameter Details
Event name Tamil Nadu announces subsidy for powerloom modernisation
Announcement date December 11, 2025
Location Coimbatore/Erode, Tamil Nadu
Issuing authority Tamil Nadu State Government
Policy/series name Powerloom Modernisation Subsidy Scheme
Key figures Not specified
Purpose/reason To support weavers in upgrading to modern weaving technology
Feature details ₹1 lakh or 50% subsidy per loom, for up to 10 looms per beneficiary
Validity or status Scheme valid for 3 years
Strategic/significant value Enhances competitiveness and sustainability of Tamil Nadu’s textile sector

22. Which vehicle is being used in the pilot project launched by Prahlad Joshi for hydrogen fuel cell field trials in India?
A) Tata Nexon EV
B) Toyota Mirai
C) Hyundai Ioniq 5
D) Honda Clarity
E) Mahindra XUV700
Answer: B) Toyota Mirai

Event and Location:

  • Event: Launch of pilot project for hydrogen fuel cell electric vehicles (FCEVs)
  • Location: New Delhi, India
  • Date: December 12, 2025

Mandates and Objectives:

  • Mandates: Union Minister Prahlad Joshi launched a pilot project to test hydrogen fuel cell electric vehicles (FCEVs) in India’s mobility sector, facilitated by an MoU between the National Institute of Solar Energy (NISE) and Toyota Kirloskar Motor.
  • Objectives: The project aims to evaluate the performance of hydrogen FCEVs under Indian conditions, promote green hydrogen, and advance low-emission mobility, supporting India’s clean energy transition and climate goals.

Important Terms Explained:

  • FCEV (Fuel Cell Electric Vehicle): A type of electric vehicle powered by hydrogen fuel cells, which combine hydrogen and oxygen to generate electricity, emitting only water as a byproduct.
  • Toyota Mirai: A hydrogen-powered fuel cell electric car by Toyota, selected for field testing in India to assess its viability across diverse terrain and climate conditions.
  • Green Hydrogen: Hydrogen produced using renewable energy sources; considered clean and sustainable, it plays a key role in decarbonizing sectors like transport, industry, and power.
  • Panchamrit Goals: India’s five-point climate commitments announced at COP26, which include targets for renewable energy, emissions reduction, and net zero carbon emissions by 2070.

Tabular Summary:

Parameter Details
Event name Launch of hydrogen FCEV pilot project in India
Announcement date December 12, 2025
Location New Delhi, India
Issuing authority Ministry of New and Renewable Energy (MNRE)
Policy/series name FCEV Field Trials (MoU between NISE and Toyota Kirloskar Motor)
Key figures Prahlad Joshi, Masakazu Yoshimura
Purpose/reason To assess and promote hydrogen mobility and clean energy transport
Feature details 2-year field trials using Toyota Mirai across heat, dust, congestion, terrain
Validity or status Pilot launched and operational
Strategic/significant value Supports energy atmanirbharta, Panchamrit climate goals, green hydrogen push

23. Which platform launched by the Government of India enables women to file workplace sexual harassment complaints online?
A) Mahila Sahayata Portal
B) NCS Portal
C) Shakti App
D) SHe-Box Portal
E) Ujjwala Dashboard
Answer: D) SHe-Box Portal

Event and Location:

  • Event: Promotion of employment and safety measures for women in the workforce
  • Location: India (Nationwide)
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates:
    • Implementation of four Labour Codes to rationalize workplace laws and promote female labour force participation.
    • Launch and enhancement of platforms like National Career Service (NCS) and SHe-Box to support women’s career access and workplace safety.
    • Introduction of the Pradhan Mantri Viksit Bharat Rozgar Yojana to boost employment across sectors.
  • Objectives:
    • Enhance employability and ensure safe, inclusive workplaces for women.
    • Provide maternity benefits, flexible work conditions, and eliminate gender discrimination in wages and job roles.
    • Support women’s economic empowerment as part of the shift from women’s development to women-led development.

Important Terms Explained:

  • SHe-Box Portal:
    • A government-launched online platform for filing complaints related to sexual harassment at the workplace, based on the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.
  • Labour Codes (2019–2020):
    • A set of 4 consolidated labour laws — Code on Wages (2019), Industrial Relations Code (2020), Code on Social Security (2020), and OSHWC Code (2020) — implemented from November 21, 2025, replacing 29 earlier labour laws.
  • National Career Service (NCS):
    • A digital platform by the Ministry of Labour offering job listings, skill programs, career counselling, and access to government/private job fairs.
  • Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY):
    • Also known as the Employment Linked Incentive (ELI) Scheme, it aims to boost job creation, especially in the manufacturing sector, and provide social security to workers.

Tabular Summary:

Parameter Details
Event name Promotion of women’s employment and workforce inclusion
Announcement date December 11, 2025
Location Nationwide
Issuing authority Ministry of Labour and Employment
Policy/series name Labour Codes, PM Viksit Bharat Rozgar Yojana, SHe-Box Portal
Key figures Sushri Shobha Karandlaje (MoS Labour & Employment)
Purpose/reason Enhance employability and safety of women in workforce
Feature details 26-week maternity leave, equal pay, workplace safety, flexible working hours
Validity or status Labour codes implemented from Nov 21, 2025; schemes ongoing
Strategic/significant value Supports women-led development and gender parity in labour market

24. What is the name of the flagship food processing event jointly organized by FICCI and MoFPI in 2025?
A) Aahar Bharat
B) India Agro Expo
C) Annapoorna Interfood Exhibition
D) Swad Mahotsav
E) Krishi Tech India
Answer: C) Annapoorna Interfood Exhibition

Event and Location:

  • Event: 17th edition of FICCI’s Annapoorna Interfood Exhibition
  • Location: Mumbai, Maharashtra, India
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Showcase India’s food processing capabilities, promote domestic and international investment, and highlight government schemes and private sector innovation in the food-processing sector.
  • Objectives: To transform agricultural output into value-added products, improve farmer income, enhance consumer experience, promote employment, and expand India’s agri-export potential.

Important Terms Explained:

  • PM Kisan Sampada Yojana (PMKSY): A central scheme to boost food processing capacity, reduce wastage, and create employment through mega food parks, cold chains, and preservation units.
  • PMFME Scheme: The Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme provides financial and technical support to micro food-processing units, especially SHGs and rural entrepreneurs.
  • FICCI: Federation of Indian Chambers of Commerce and Industry, a non-governmental trade association in India that promotes industry development and organizes sectoral events like Annapoorna.

Tabular Summary:

Parameter Details
Event name FICCI Annapoorna Interfood Exhibition 2025
Announcement date December 11, 2025
Location Mumbai, Maharashtra
Issuing authority FICCI and Ministry of Food Processing Industries
Policy/series name PMKSY, PMFME
Key figures Avinash Joshi (Secretary, MoFPI), Nandini Roy Chowdhury (FMI), Rajesh Rathod (MPIDC), Balvinder Singh Sawhney (FICCI)
Purpose/reason Promote food-processing growth, highlight investment potential, showcase products
Feature details Government subsidies, cold chain support, SHG incentives, global participation from 17+ countries
Validity or status Ongoing, 17th edition of the event
Strategic/significant value Enhances agri-processing, empowers SHGs, boosts exports, and aligns with India’s food security goals

25. What is the name of the new enterprise and services facility inaugurated by Union Minister Piyush Goyal at SEEPZ, Mumbai in December 2025?
A) NEST–01
B) SAMPADA Tower
C) Bharat Tech Hub
D) NEST–02
E) SEEPZ Central
Answer: D) NEST–02

Event and Location:

  • Event: Inauguration of NEST–02 at SEEPZ
  • Location: Santacruz Electronics Export Processing Zone (SEEPZ), Mumbai, Maharashtra
  • Date: December 11, 2025

Mandates and Objectives:

  • Mandates: Inauguration of NEST–02 (New Enterprises & Services Tower – Phase 2) and review of SEEPZ infrastructure and governance practices
  • Objectives: Enhance infrastructure, promote transparency, increase export potential, and strengthen skilling and ethical industrial practices under Atmanirbhar Bharat and Viksit Bharat 2047 vision

Important Terms Explained:

  • SEEPZ (Santacruz Electronics Export Processing Zone): A Special Economic Zone (SEZ) in Mumbai aimed at promoting electronics and gem & jewellery exports
  • NEST–02: The New Enterprises & Services Tower – Phase 2, a new infrastructure project within SEEPZ to boost modern enterprise support and services
  • Atmanirbhar Bharat: A Government initiative to promote self-reliance across all economic sectors through domestic capability building
  • Viksit Bharat 2047: Vision for India to become a fully developed nation by the year 2047, the centenary of independence
  • Jan Vishwas Bills: Legislative reforms aimed at decriminalising minor economic offences and simplifying business compliance

Tabular Summary:

Parameter Details
Event name Inauguration of NEST–02
Announcement date December 11, 2025
Location SEEPZ, Mumbai
Issuing authority Ministry of Commerce and Industry
Policy/series name SEEPZ Infrastructure Modernisation
Key figures Piyush Goyal (Union Minister)
Purpose/reason Boost transparency, skilling, export readiness, and modern infrastructure
Feature details New enterprise tower, infrastructure upgrades, transparent allotment systems
Validity or status Operational phase with ongoing zone-level improvements
Strategic/significant value Supports Atmanirbhar Bharat and Viksit Bharat 2047 through export and enterprise development


Over All Review

Important Days

  • UNICEF Foundation Day is celebrated globally on December 11 to mark the organization’s founding in 1946.
  • International Mountain Day 2025 is observed on December 11 with the theme “Glaciers matter for water, food and livelihoods in mountains and beyond.”

Banking and Finance 

  • Bank of India successfully raised ₹2,500 crore through Tier-II bonds maturing in 10 years at a 7.28 percent cut-off.
  • RBI has fixed the final redemption price for SGB 2017–18 Series XI and 2019–20 Series I at ₹12,801 per unit.
  • The RBI’s ₹50,000 crore OMO purchase auction held on December 11, 2025, was fully subscribed.

Business And Economy

  • ICICI Prudential AMC has raised ₹4,815 crore through a pre-IPO equity placement at ₹2,165 per share.
  • Muthoot Finance has reached a ₹1.5 lakh crore market capitalisation, becoming the 59th largest company in India.

Appointments

  • Coca-Cola has announced Henrique Braun as its next CEO, effective March 31, 2026.

Science and Technology

  • BITS Pilani-Hyderabad researchers have developed a membrane-less photocatalytic fuel cell costing just ₹70.
  • The Supreme Court of India is deploying AI tools like LegRAA and SUPACE to enhance legal research and court efficiency.

Defence

  • The Indian Navy will commission its first indigenously designed Diving Support Craft, DSC A20, on December 16, 2025, in Kochi.

International Affairs

  • President Donald Trump has officially launched the ‘Trump Gold Card’ visa pathway, allowing foreigners to expedite U.S. residency with a $1 million contribution.
  • Pakistan has received $1.2 billion from the IMF under the EFF and RSF programs as of December 10, 2025.
  • The Italy–India Business Forum 2025 was held in Mumbai to boost bilateral trade and industrial collaboration across multiple sectors.

Schemes

  • The Ministry of Tribal Affairs approved ₹86.38 crore under PM DA JGUA for tribal development projects in Telangana.
  • The Fast Track Special Courts (FTSC) Scheme was launched in October 2019 to expedite rape and POCSO trials.
  • The Mega Food Park Scheme under PMKSY has supported the development of 41 projects across India with central assistance.

National Affairs

  • The first Annual India BioImaging Meeting (IBIAM 2025) was hosted in Mysuru by JSS Academy of Higher Education and Research.
  • Union Minister Sarbananda Sonowal flagged off India’s first hydrogen fuel-cell powered vessel in Varanasi on December 11, 2025.
  • Puducherry added 13.794 MW of renewable energy capacity through central solar schemes including GCRT and PMSGMBY.
  • The Tamil Nadu government will offer a ₹1 lakh subsidy to powerloom weavers to help modernise their looms.
  • Union Minister Prahlad Joshi launched a pilot project for hydrogen fuel cell electric vehicles in New Delhi using the Toyota Mirai.
  • The Government of India has implemented four consolidated labour codes to promote inclusive, safer work environments for women.
  • The 17th edition of FICCI’s Annapoorna Interfood Exhibition 2025 was held in Mumbai, showcasing India’s growing food-processing ecosystem.
  • Union Minister Piyush Goyal inaugurated NEST–02 at SEEPZ, Mumbai to promote modern enterprise infrastructure in India’s export processing zone.

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