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Daily Current Affairs: 7 October 2025

Current affairs of 7 October 2025: NCRB 2023: Crimes Against Children Surge in Assam, Rajasthan, Kerala; INS Androth Commissioned at Visakhapatnam: ASW-SWC Navy Craft; India Mobile Congress 2025: Theme and Focus Areas, and 12 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)October 2025

In this issue: 15 topics

National Affairs

Valmiki Jayanti: Maharishi Valmiki Remembered

Banking & Finance

Market Cap Report: Private Banks Trail PSBs in Jul-Sep 2025
SEBI @valid UPI Handles and SEBI Check Tool Explained
Business Correspondent Network Revamp: NIBM Study and Key Gaps
RBI Proposes Letting Banks Finance Corporate Acquisitions
Family Offices: SEBI Weighs a Regulatory Framework
GIFT IFSC Foreign Currency Settlement System Inaugurated
Zoho Payments Plans Physical POS Devices and Sound Boxes
RBI Fines Amex Banking Corp and HDB Financial Services
Bandhan Bank Joins Bharat Connect for Digital EMI Payments

Science & Technology

India Mobile Congress 2025: Theme and Focus Areas
JWST Detects Phosphine in Brown Dwarf Wolf 1130C

Defence & Security

INS Androth Commissioned at Visakhapatnam: ASW-SWC Navy Craft

Reports & Indexes

NCRB 2023: Crimes Against Children Surge in Assam, Rajasthan, Kerala

Awards & Persons

Nobel Medicine 2025: Brunkow, Ramsdell, Sakaguchi Honoured

National Affairs

History, Art & Culture

1. Valmiki Jayanti: Maharishi Valmiki Remembered

Valmiki Jayanti marks the birth anniversary of Maharishi Valmiki and was observed across the country.
Maharishi Valmiki is credited as the author of the Ramayana.
He is revered as Adi Kavi, the first poet of the Sanskrit language.
PM Modi said his teachings would keep guiding future generations.

Full notes and 3 MCQs ›

Banking & Finance

2. Market Cap Report: Private Banks Trail PSBs in Jul-Sep 2025

S&P Global data: private banks lagged state-run banks in market cap during July-September 2025.
IndusInd Bank fell 15.7%, the worst among the top 20; Indian Bank rose 16.7%, the best.
US tariffs of 50% and corporate-loan exposure hurt private lenders.

Full notes and 3 MCQs ›

3. SEBI @valid UPI Handles and SEBI Check Tool Explained

SEBI introduced @valid UPI handles and the SEBI Check tool to curb payment fraud in securities markets.
Every registered intermediary will use a UPI ID ending with @valid.
Suffixes such as .brk (broker) and .mf (mutual fund) show intermediary type.
Authentic payments show a green triangle with a thumbs-up symbol.

Full notes and 3 MCQs ›

Banking & Finance

4. Business Correspondent Network Revamp: NIBM Study and Key Gaps

India's Business Correspondent network, with 2.5 million agents, is to be revamped using an NIBM impact assessment study.
BCs are bank-appointed retail agents serving rural and remote areas where a branch is not viable.
Proposals include a minimum fixed allowance of ₹5,000 per month, CPI-linked commissions and digital monitoring in place of physical audits.

Full notes and 3 MCQs ›

Banking & Finance

5. RBI Proposes Letting Banks Finance Corporate Acquisitions

On 1 October, RBI proposed letting banks finance corporate acquisitions, earlier barred.
Scheduled commercial banks, excluding RRBs, could lend for mergers and buyouts.
The old curb aimed to prevent speculative takeovers and limit credit exposure.

Full notes and 3 MCQs ›

Banking & Finance

6. Family Offices: SEBI Weighs a Regulatory Framework

SEBI has started discussing regulation of family offices.
SFOs serve one family; MFOs serve several, like advisory firms.
Ideas include disclosures and a separate regulatory category.

Full notes and 3 MCQs ›

7. GIFT IFSC Foreign Currency Settlement System Inaugurated

Nirmala Sitharaman inaugurated the foreign currency settlement system at GIFT City IFSC during Global Fintech Fest 2025.
It supports instant or same-day settlement of foreign currency trades and payments.
USD, GBP and EUR are covered at the start, with other major currencies possible later.
It works under IFSCA supervision and follows KYC, AML and FATF standards.

Full notes and 3 MCQs ›

Banking & Finance

8. Zoho Payments Plans Physical POS Devices and Sound Boxes

Zoho Payments, fintech arm of Chennai-based Zoho, planned physical POS devices and sound boxes.
The devices will accept card and QR code payments.
A POS device lets merchants take payment at the time of purchase.

Full notes and 3 MCQs ›

Banking & Finance

9. RBI Fines Amex Banking Corp and HDB Financial Services

RBI fined American Express Banking Corp ₹31.80 lakh for not promptly reversing credit balances from refunds or failed transactions.
HDB Financial Services Ltd paid ₹4.2 lakh for not obtaining PAN or Form 60 on some loans.
RBI said the penalties do not affect the validity of customer transactions.

Full notes and 3 MCQs ›

Banking & Finance

10. Bandhan Bank Joins Bharat Connect for Digital EMI Payments

Bandhan Bank partnered with Bharat Connect, the platform run by NPCI Bharat BillPay Ltd. (NBBL).
Borrowers can repay EMIs via mBandhan, Retail Internet Banking, and 700+ connected apps and websites.
The tie-up reduces missed payments and delays.
Bharat Connect's 5 million offline agents widen access nationwide.

Full notes and 3 MCQs ›

Science & Technology

Government Schemes

11. India Mobile Congress 2025: Theme and Focus Areas

PM Modi was to open IMC 2025, themed 'Innovate to Transform'.
Focus areas included 6G, AI, IoT, cybersecurity, Satcom and manufacturing.
The startup contest offered finalists a $1 million investment prize.

Full notes and 3 MCQs ›

Science & Technology

12. JWST Detects Phosphine in Brown Dwarf Wolf 1130C

JWST detected phosphine in the atmosphere of Wolf 1130C, a brown dwarf in the constellation Cygnus.
The study appeared in the journal Science on 2 October 2025.
Wolf 1130C lies about 61 light-years away and is the outer companion in a triple system.
Measured phosphine abundance is about 0.100 parts per million.

Full notes and 3 MCQs ›

Defence & Security

Defence & Security

13. INS Androth Commissioned at Visakhapatnam: ASW-SWC Navy Craft

INS Androth is the second Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) of the Indian Navy.
It was commissioned at the Naval Dockyard, Visakhapatnam, and built by GRSE with over 80% indigenous content.
The vessel is about 77 metres long and weighs around 1,500 tonnes.

Full notes and 3 MCQs ›

Reports & Indexes

Health & Social Issues

14. NCRB 2023: Crimes Against Children Surge in Assam, Rajasthan, Kerala

Crimes against children rose 25% in 2023 over the 2018-2022 average, per NCRB.
Assam, Rajasthan and Kerala recorded rises of roughly 70% to over 100%.
Assam's jump followed strict enforcement of the Prohibition of Child Marriage Act, 2006.

Full notes and 3 MCQs ›

Awards & Persons

Science & Technology

15. Nobel Medicine 2025: Brunkow, Ramsdell, Sakaguchi Honoured

The 2025 Nobel Prize in Physiology or Medicine went to Brunkow, Ramsdell and Sakaguchi.
Their research on regulatory T cells and the Foxp3 gene explains peripheral immune tolerance.
Sakaguchi found CD25+ regulatory T cells; Brunkow co-identified FOXP3.

Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 7 October 2025, with answers and explanations.