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BUSINESS AND ECONOMY - November 2025

Nov 2025

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.

Nov 01, 2025

US Waives Sanctions on Chabahar for 6 Months

  • India secured a fresh six-month waiver from the US to continue operations at Iran's strategic Chabahar Port, restoring a crucial link for regional connectivity that had come under threat following the recent withdrawal of the exemption.
  • The waiver came barely six weeks after Washington revoked India's earlier exemption, which was set to lapse on September 29, bringing the port and associated activities under the ambit of its sanctions imposed on Iran.
  • The Chabahar project, jointly developed by India and Iran, has been a crucial link for humanitarian supplies and trade with Afghanistan, bypassing Pakistan.

Vizag Port to Build Major Port Cum Ship Building Cluster at Dugarajapatnam

  • The Visakhapatnam Port Authority (VPA) has signed an MoU with the State of Andhra Pradesh, in 2025, for establishment of a `major port cum ship building and ship repair cluster' at Dugarajapatnam in Tirupati district, with an investment commitment of Rs. 29,662 crore, according to an official communication from the VPA here on Thursday.
  • The project will generate large-scale employment, strengthen India's self-reliance under the Make in India framework, and deliver modern infrastructure to accelerate the nation's maritime growth.
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