General Awareness

BUSINESS AND ECONOMY - August 2025

Aug 2025

Nov 06, 2025

Sanjay Garg Takes Charge as Director General of BIS

Senior civil servant Sanjay Garg of the IAS 1994 batch (Kerala cadre) assumed charge as Director General (DG) of the Bureau of Indian Standards (BIS) in  November 2025. This appointment placed him at the helm of India's national standards body, with additional responsibility as the President of India's national committee in the International Electrotechnical Commission (IEC).
Sanjay Garg brings over 30 years of administrative experience covering strategic planning, policy formulation and implementation across sectors such as agriculture, food logistics, defence industry, industrial promotion, finance and social sectors.

Amul & IFFCO Dominate Global Cooperative List

India's cooperative sector made a historic mark on the global stage with Amul (GCMMF) and IFFCO ranked first and second, respectively in the International Cooperative Alliance (ICA) World Cooperative Monitor 2025. This recognition affirms India's leadership in cooperative governance and its role in driving inclusive growth, rural development, and food security. The rankings were unveiled at the ICA CM50 Conference in Doha, Qatar, reinforcing India's rising influence in global cooperative economics.
These rankings are based on how effectively cooperatives contribute to GDP, uplift communities, and adhere to cooperative principles like democratic governance, collective ownership, and profit-sharing.

Nov 05, 2025

India Post Payments Bank & EPFO Launch Free Doorstep Service

India Post Payments Bank (IPPB), a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications, signed Memorandum of Understanding (MoU) with Employees' Provident Fund Organisation (EPFO), Ministry of Labour & Employment, Government of India, to provide doorstep Digital Life Certificate (DLC) services to its pensioners under the Employees' Pension Scheme, 1995 (EPS'95).
The MoU was exchanged between R. Viswesvaran, MD & CEO, IPPB & Ramesh Krishnamurthi, Central Provident Fund Commissioner (CPFC), EPFO.
Under this collaboration, IPPB will leverage its wide network of over 1.65 lakh Post Offices and 3 lakh+ postal service providers (Postmen and Gramin Dak Sevaks) equipped with Doorstep Banking devices,using of digital process of Face Authentication technology and Fingerprint biometric authentication, to assist EPFO pensioners in submitting their Digital Life Certificates conveniently from their homes, eliminating the need for them to visit bank branches or EPFO officesto submit traditional paper-based certificates.EPFO will bear the cost of issuing Digital Life Certificate entirely, making the service free for their pensioners.

SBI Launches 'SBI-STAR' Awards to Honour Employee Talents

The State Bank of India (SBI) launched a unique initiative, SBI-STAR (Staff Talent Acknowledgement & Recognition), to celebrate its employees not just as professionals, but as artists, athletes, volunteers, and change makers. The annual award aims to honour personal excellence beyond the workplace, reinforcing SBI's commitment to holistic employee well-being and recognition.
With a workforce exceeding 2.45 lakh employees, SBI became one of the first major financial institutions in India to implement such a structured programme for acknowledging non-professional achievements.
SBI-STAR is an annual employee excellence award introduced by India's largest lender to recognise the diverse personal accomplishments of its staff in various spheres, including,
Arts & Literature
Games & Sports
Culture & Creativity
Social Work
Environmental Initiatives

India to Resume Approvals for Chinese Imports after Five-Year Freeze

In a policy shift, India is set to resume approvals for importing goods from China and other countries, ending a five-year freeze imposed after border tensions escalated in 2020. According to government sources, the move is part of a larger strategy to ease supply chain disruptions, support domestic industries, and meet surging consumer demand, particularly following recent Goods and Services Tax (GST) reductions.

Nov 04, 2025

India, New Zealand Hold 4th Round of FTA Talks

India and New Zealand began the fourth round of negotiations on a Free Trade Agreement in Auckland which are expected to go on till November 8.
As per the Ministry of Commerce and Industry, negotiations in this round are focusing on key areas, including trade in goods, trade in services, and rules of origin.
Both sides are working constructively to build on the progress achieved in earlier rounds, to reach convergence on outstanding issues and move towards the early conclusion of the FTA.

SBI Joins India Bullion Exchange as Special Category Client

In a step toward modernising India's gold import ecosystem, the State Bank of India (SBI) announced its first gold trade as a Special Category Client (SCC) on the India International Bullion Exchange (IIBX). The move, announced in November 2025, is expected to reshape how gold is imported and traded in India, especially benefiting MSME jewellers through better pricing and streamlined access.
Launched to make India a global bullion trading hub, IIBX operates from GIFT City, Gujarat. It offers a centralised and transparent platform for bullion imports and trading, especially aimed at reducing reliance on opaque and fragmented import channels.

SpiceJet Appoints Former IndiGo Executive Sanjay Kumar as ED

Domestic carrier SpiceJet announced the appointment of seasoned aviation professional and IndiGo former Chief Strategy and Revenue Officer Sanjay Kumar as Executive Director.
Kumar, in his role as ED, will lead the airline's strategic initiatives focused on expansion, operational excellence, and business transformation.
He will report directly to the SpiceJet Chairman and Managing Director Ajay Singh.
Kumar brings over three decades of experience in the aviation sector, with expertise in network planning, revenue management, marketing, and commercial strategy.

Nov 03, 2025

Jitendra Singh Attends SBI Mega Camp under Nationwide Digital Life Certificate (DLC) Campaign 4.0

The Department of Pension & Pensioners' Welfare (DoPPW), Ministry of Personnel, Public Grievances & Pensions is conducting the Nationwide Digital Life Certificate (DLC) Campaign 4.0 from November 1 to 30, 2025. The Campaign is a key initiative under the Government's vision of Digital Empowerment of Pensioners, aligned with the Digital India and Ease of Living missions.
The DLC Campaign 4.0 aims to reach two crore pensioners across more than 2,000 cities and towns through a saturation-based outreach approach. The Campaign emphasises the use of Aadhaar-based Face Authentication technology, enabling pensioners to submit their Life Certificates conveniently without requiring biometric devices. Special focus is being given to super senior and differently-abled pensioners through India Post Payments Bank's (Department of Posts) doorstep DLC service.

Nov 02, 2025

AU Small Finance Bank Deputy CEO Rajeev Yadav Resigns

AU Small Finance Bank announced that its Deputy CEO, Rajeev Yadav, has resigned to pursue other opportunities.
Yadav relieved from the services of the bank with effect from the close of business hours on October 31, 2025.

Maharashtra, Abu Dhabi Ports Group Inks USD 2 Billion MoU to Boost Maritime Growth

In a significant boost to India's maritime growth, the Government of Maharashtra in 2025, signed a Memorandum of Understanding (MoU) with the Abu Dhabi Ports Group and the Investment Resource & Presidential Office of Abu Dhabi, paving the way for up to USD 2 billion in investments across key maritime sectors, as per Maharashtra's Chief Minister's office.
The agreement aims to promote technological collaboration, port modernisation, logistics development, and maritime employment, marking a new phase of international cooperation between India and the UAE in the blue economy.
According to officials, the partnership will drive investment in diversified sectors, including shipbuilding, ship-breaking, water transport, port infrastructure, and even sports management, reflecting the growing global interest in India's maritime potential.
Maharashtra Chief Minister Devendra Fadnavis presided over the signing ceremony, which was attended by Ahmad Al Mutawa, CEO of Abu Dhabi Ports, Salah Al Nasser, CEO of Equiline Group, Ambar Ayade, MD & CEO of Rural Enhancers Group; and several other dignitaries.

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