Daily Current Affairs: 12 December 2025

Current affairs of 12 December 2025: Generative AI and Copyright: Government Working Paper; Deepavali Added to UNESCO Intangible Cultural Heritage List; Shilp Didi Programme: Women Artisans Earning Over ₹5 Lakh, and 9 more topics. Key facts for every exam, with a quiz.

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In this issue: 12 topics

National Affairs

Deepavali Added to UNESCO Intangible Cultural Heritage List

Government Schemes

Shilp Didi Programme: Women Artisans Earning Over ₹5 Lakh
Maharashtra plans law to end century-old Pagdi system

Banking & Finance

Current and OD Account Rules Relaxed: ₹10 Crore Threshold
SEBI’s New Leadership Framework for Market Infrastructure Institutions

Economy

Rupee Above 90 per Dollar: Reasons, Effects, Outlook
NABARD RECSS Round 8: Rural Demand and Income Revival
India’s Retail Inflation Eases to 4.31% in January 2025

Science & Technology

Generative AI and Copyright: Government Working Paper
Planetary Defence Drill on 3I/ATLAS: Largest Simulation by ESA

Awards & Persons

TIME names ‘The Architects of AI’ Person of the Year 2025
Vinesh Phogat Announces Wrestling Comeback for LA 2028

National Affairs

International Relations

1. Deepavali Added to UNESCO Intangible Cultural Heritage List

Deepavali was inscribed on UNESCO's Representative List of the Intangible Cultural Heritage of Humanity.
The decision came at the 20th Session of the Intergovernmental Committee in New Delhi.
The ICH Convention was adopted in 2003, in force from 2006; India ratified it in 2005.

Full notes and 3 MCQs ›

Government Schemes

Economy

2. Shilp Didi Programme: Women Artisans Earning Over ₹5 Lakh

The Textiles Secretary said some Shilp Didi participants earn over ₹5 lakh a year.
It started in 2024 with a 100-day pilot from June.
It covers 100 women artisans from 72 districts across 23 states.

Full notes and 3 MCQs ›

Polity & Governance

3. Maharashtra plans law to end century-old Pagdi system

Deputy Chief Minister Eknath Shinde announced new legislation to end the century-old Pagdi system in Maharashtra.
Under Pagdi, tenants pay a one-time premium for near-permanent occupancy at very low rent.
Tenants would get a clearer stake in redeveloped buildings; landlords would get fair compensation.
A dedicated regulatory mechanism is meant to reduce litigation.

Full notes and 3 MCQs ›

Banking & Finance

Economy

4. Current and OD Account Rules Relaxed: ₹10 Crore Threshold

RBI raised the borrowing threshold for current account restrictions from ₹5 crore to ₹10 crore.
Borrowers below ₹10 crore can open current or OD accounts with any bank, subject to conditions.
Cash credit restrictions were removed; current, CC and OD accounts are now 'transaction accounts'.

Full notes and 3 MCQs ›

Economy

5. SEBI’s New Leadership Framework for Market Infrastructure Institutions

SEBI requires MIIs to appoint two full-time Executive Directors, one for critical operations, one for regulation, compliance and risk.
Both EDs sit on the governing board and report to the Managing Director.
Technology, security, compliance and risk heads will report to their EDs.

Full notes and 3 MCQs ›

Economy

6. Rupee Above 90 per Dollar: Reasons, Effects, Outlook

The rupee fell beyond 90 per US dollar; economists Madan Sabnavis and Ranen Banerjee assessed the slide.
Causes: trade deficit, FPI outflows, faster import growth, tariff-talk uncertainty and limited RBI intervention.
Reserves cover about 11 months of imports; a 5% fall adds only about 0.3-0.4% to inflation.

Full notes and 3 MCQs ›

Economy

7. NABARD RECSS Round 8: Rural Demand and Income Revival

NABARD's Rural Economic Conditions and Sentiments Survey (RECSS), run bi-monthly since September 2024, released its eighth round.
80% of rural households reported higher consumption; 67.3% of monthly income goes to consumption, a survey high.
42.2% of households reported income growth, only 15.7% income decline; 75.9% expect income to rise.
58.3% of households used only formal credit, up from 48.7% in September 2024.

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Economy

8. India’s Retail Inflation Eases to 4.31% in January 2025

Retail inflation fell to 4.31% in January 2025, a five-month low.
Food inflation eased to 6% from 8.4%; edible oils and fruits rose sharply.
Urban 3.87%, rural 4.64%.

Full notes and 3 MCQs ›

Science & Technology

Polity & Governance

9. Generative AI and Copyright: Government Working Paper

Government released a working paper on Generative AI and copyright, India's first structured framework for AI training.
It proposes a mandatory blanket licence with statutory royalties collected by CRCAT.
A government-appointed committee would set royalty rates, with judicial oversight.

Full notes and 3 MCQs ›

Science & Technology

10. Planetary Defence Drill on 3I/ATLAS: Largest Simulation by ESA

The largest-ever planetary-defence simulation was launched by ESA, NASA and the UN-backed IAWN.
The drill uses the fast object 3I/ATLAS, moving at roughly 60 km/s.
It tests early warning, emergency response, global coordination and public communication.

Full notes and 3 MCQs ›

Awards & Persons

Science & Technology

11. TIME names ‘The Architects of AI’ Person of the Year 2025

TIME named 'The Architects of AI' its Person of the Year for 2025.
It is a collective choice rather than a single individual.
The 2024 Person of the Year was Donald Trump.
The selection reflects the AI boom that dominated technology in 2025.

Full notes and 3 MCQs ›

Awards & Persons

12. Vinesh Phogat Announces Wrestling Comeback for LA 2028

Vinesh Phogat announced on 12 December 2025 that she will return to wrestling, aiming for the 2028 Los Angeles Olympics.
She competes in the women's 50 kg freestyle category.
She was disqualified from the Paris 2024 final for breaching the weight limit.
Her record includes 2018 Asian Games gold, three Commonwealth Games golds and two World Championships bronze medals.

Full notes and 3 MCQs ›

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Daily Current Affairs: 12 December 2025

In this issue: 12 topics

National Affairs

1. Deepavali Added to UNESCO Intangible Cultural Heritage List

Government Schemes

2. Shilp Didi Programme: Women Artisans Earning Over ₹5 Lakh

3. Maharashtra plans law to end century-old Pagdi system

Banking & Finance

4. Current and OD Account Rules Relaxed: ₹10 Crore Threshold

5. SEBI’s New Leadership Framework for Market Infrastructure Institutions

Economy

6. Rupee Above 90 per Dollar: Reasons, Effects, Outlook

7. NABARD RECSS Round 8: Rural Demand and Income Revival

8. India’s Retail Inflation Eases to 4.31% in January 2025

Science & Technology

9. Generative AI and Copyright: Government Working Paper

10. Planetary Defence Drill on 3I/ATLAS: Largest Simulation by ESA

Awards & Persons

11. TIME names ‘The Architects of AI’ Person of the Year 2025

12. Vinesh Phogat Announces Wrestling Comeback for LA 2028

Test yourself