Current Affairs Quiz 6th October 2025 Quiz

Exp. TATA AIG Joins Hands with Equitas Small Finance Bank to Expand Insurance Reach in Rural and Urban India

TATA AIG General Insurance partnered with Equitas Small Finance Bank to expand insurance access across urban and rural India through a bancassurance model.

The tie-up will allow Equitas customers to buy motor, health, personal accident, travel, and other general insurance products, focusing especially on semi-urban and rural markets.

The collaboration aims to provide affordable financial protection to households and small businesses, combining Equitas Bank’s retail reach with TATA AIG’s insurance expertise.

Recent MoUs Signed in Banking Sector

• Bank of Baroda and IIFL Finance Join Hands in Co-Lending Partnership to Expand Gold Loans in Rural India
• Tally Solutions Partners with Indian Bank to Enable Seamless E-Payments for SMEs via TallyPrime
• PayRupy Partners with BRISKPE to Launch Unified Domestic and Global Payments Platform
• SBI General Insurance and CarePlix launch first-of-its-kind biometric health scanning feature on mobile app
• Godrej Finance and Muthoot FinCorp partner to boost MSME secured lending in Tier-2 and Tier-3 cities

Exp. The 11th World Green Economy Summit (WGES 2025) opened in Dubai with over 3,300 participants from 30+ countries under the theme “Innovating for Impact: Accelerating the Future of the Green Economy.”

The summit, co-located with WETEX 2025, focuses on technology, policy, climate finance, and youth engagement to drive net-zero targets and global green transformation.

Featuring around 80 international speakers, WGES highlights renewable energy, circular economy, and accountability in sustainability pledges, while the Global Alliance on Green Economy (GAGE) unveiled its 2024–25 portfolio of flagship initiatives.

Exp. Union Cabinet Approves Six-Year “Mission for Aatmanirbharta in Pulses” with ₹11,440 Crore Outlay

The Union Cabinet approved the six-year “Mission for Aatmanirbharta in Pulses” on October 1, 2025, with a financial outlay of ₹11,440 crore, aiming to make India self-sufficient in pulses production by 2030-31.

The mission aims to increase pulses production to 350 lakh tonnes, expand cultivation area to 310 lakh hectares, and improve yield to 1,130 kg per hectare, focusing on tur, urad, and masur, with assured procurement under PM-AASHA.

Key initiatives include the distribution of 126 lakh quintals of certified seeds, the establishment of 1,000 new processing units, cluster-based implementation across 416 districts, and capacity building for farmers, aiming to reduce imports, boost incomes, and promote climate-resilient practices.

Exp. 6 October – World Cerebral Palsy Day

World Cerebral Palsy Day is observed annually on 6th October to raise awareness about Cerebral Palsy (CP), a neurological disorder affecting movement and posture.

The day aims to highlight the challenges faced by individuals with CP and promote their inclusion in society.

Theme 2025 — Unique and United

Exp. Union Cabinet Approves 3% Hike in Dearness Allowance and Relief

The Union Cabinet approved a 3% hike in Dearness Allowance (DA) and Dearness Relief (DR) on October 1, 2025, benefiting about 49.19 lakh central employees and 68.72 lakh pensioners.

The DA/DR increase raises the existing rate from 55% of basic pay/pension to 58%, effective July 1, 2025, to offset price rise.

The combined financial impact on the exchequer due to this hike is ₹10,083.96 crore per annum, implemented as per the 7th Central Pay Commission formula.

Exp. Finance Ministry Keeps Small Savings Scheme Interest Rates Unchanged for 7th Consecutive Quarter (Oct–Dec 2025)

The Finance Ministry announced that interest rates on Small Savings Schemes will remain unchanged for the October–December 2025 quarter, marking the seventh successive quarter with no revision.

Sukanya Samriddhi Scheme will continue to offer 8.2%, while the three-year term deposit and Public Provident Fund (PPF) remain at 7.1%, and Post Office savings deposits stay at 4%.

Kisan Vikas Patra (KVP) will carry an interest rate of 7.5%, maturing in 115 months, while National Savings Certificate (NSC) will offer 7.7%.

The Monthly Income Scheme (MIS) will continue to provide 7.4% interest for investors in the October–December 2025 quarter.

These schemes, operated mainly through post offices and banks, are fully backed by the government, ensuring guaranteed returns on both principal and interest.

Saving Schemes Interest rates for October 2025 – December 2025

• Post Office Savings Deposit- 4 per cent
• Post Office Monthly Income Account- 7.4 percent
• 1-Year Post Office Time Deposits- 6.9 percent
• 2-Year Post Office Time Deposits- 7.0 percent
• 3-Year Post Office Time Deposits- 7.1 percent
• 5-Year Post Office Time Deposits- 7.5 percent
• 5-Year Recurring Deposits- 6.7 percent
• Senior Citizens Savings Scheme- 8.2 per cent
• Sukanya Samriddhi Account- 8.2 per cent
• National Saving Certificates (NSC)- 7.7 percent
• Kisan Vikas Patra- 7.5 percent (will mature in 115 months)
• Public Provident Fund- 7.1 per cent

Exp. India’s GST Collections Rise 9.1% in September 2025 to ₹1.89 Trillion

India’s GST collection rose 9.1% YoY in September 2025 to ₹1.89 trillion, compared to ₹1.73 trillion in September 2024, supported by higher sales after the recent GST rate rationalisation.

Domestic GST revenue increased 6.8% to ₹1.36 trillion, while import GST collections surged 15.6% to ₹52,492 crore; refunds grew sharply by 40.1% YoY to ₹28,657 crore.

The net GST revenue stood at ₹1.60 trillion, showing 5% annual growth, despite large manufacturing states like Maharashtra, Gujarat, Tamil Nadu, and Karnataka registering only single-digit growth.

On September 4, 2025, the government announced a major GST reform, consolidating the six-tier structure into four slabs — 0%, 5%, 18%, and a new 40% slab for luxury and sin goods, effective September 22, 2025.

Under the new structure, essentials like milk, breads, and life-saving medicines fall under 0% GST, daily-use items like toothpaste, shampoo, butter, ghee, and low-priced footwear under 5%, while household appliances, mid-segment vehicles under 18%, and luxury cars, alcohol, tobacco under 40%.

GST Collection of Previous Months

• January 2025 – 1.96 lakh crore
• February 2025 – 1.84 lakh crore
• March 2025 – 1.96 lakh crore
• April 2025 – 2.36 lakh crore
• May 2025 – 2.01 lakh crore
• June 2025 – 1.85 lakh crore
• July 2025 – 1.96 lakh crore
• August 2025 – 1.86 lakh crore
• September 2025 – 1.89 lakh crore

Exp. UPI Transactions Dip 2% in September 2025 to 19.63 Billion

UPI transactions fell 2% MoM in September 2025 to 19.63 billion, compared to 20.01 billion in August, though transaction value rose 0.2% to ₹24.9 trillion; YoY growth stood strong at 31% in volume and 21% in value.

Daily UPI transactions increased to 654 million in September (vs. 645 million in August), with daily value rising to ₹82,991 crore from ₹80,177 crore.

Other payment systems saw declines: IMPS down 17% (394 million transactions, ₹5.97 trillion), FASTag down 10% (333 million, ₹6,421 crore), and AePS down 17% (106 million, ₹27,388 crore) compared to August.

Exp. Jindal Steel Becomes India’s First Integrated Steelmaker Recognised as NCVET Awarding Body

Jindal Steel becomes India’s first large, diversified enterprise and integrated steel manufacturer to be recognised as an Awarding Body by NCVET, granting it PAN-India authority in the Large Indian Enterprise/MNC category.

The recognition enables Jindal Steel to develop industry-aligned standards, structured skilling programs, and drive workforce development under the National Credit Framework aligned with NEP 2020.

This milestone strengthens practical, outcome-based vocational education, enhances the global portability of credentials, and underscores Jindal Steel’s commitment to nation-building, green energy, and modern infrastructure.

About NCVET

• National Council for Vocational Education and Training (NCVET) was established by the Government of India in 2018 under the Ministry of Skill Development and Entrepreneurship (MSDE).
• It acts as the regulatory body for all vocational education and training programs
• It regulates, promotes, and standardizes vocational programs, ensuring they are industry-aligned and nationally recognized.
• NCVET credentials are linked to the National Skill Qualification Framework (NSQF) and NEP 2020, enhancing employability, career mobility, and global recognition of vocational skills.

Exp. FatakSecure Gets IRDAI Approval for Composite Corporate Agent License

FatakSecure, a subsidiary of FatakPay, has received IRDAI approval for its composite Corporate Agent License, enabling formal operations in the insurance sector.

The approval allows FatakSecure to offer a wide range of insurance products, including motor, health, accident, life, corporate, and consumable insurance.

CEO Bikash Choudhary highlighted that the license will help extend insurance coverage, long-term savings, and financial protection to millions of individuals across India.

Exp. Former RBI Governor Raghuram Rajan’s Father, Veteran IPS Officer Raghavachari Govindarajan, Passes Away

Raghavachari Govindarajan, father of former RBI Governor Raghuram Rajan, passed away in Chennai at the age of 94.

A 1953 IPS officer, he served in the Intelligence Bureau and was part of the founding team of RAW, working closely with its first chief RN Kao in shaping India’s external intelligence system.

He is survived by his wife Mythili and four children, including Mukund Rajan (ex-Tata Sons brand custodian) and Srinivas Rajan (renewable energy expert in the US).

Exp. Shubhanshu Shukla, First Indian to Reach ISS, Named Brand Ambassador of ‘Viksit Bharat Buildathon 2025’

Group Captain Shubhanshu Shukla, the first Indian to reach the International Space Station (ISS) and second Indian in space after Rakesh Sharma, has been appointed as the brand ambassador of ‘Viksit Bharat Buildathon 2025’, India’s largest school hackathon.

The Buildathon, organised by the Ministry of Education and Atal Innovation Mission, will engage over 1 crore students from 1.5 lakh schools (Classes 6–12) to design prototypes under four themes: Aatmanirbhar Bharat, Swadeshi, Vocal for Local, and Samriddhi.

Recent Brand Ambassador

• Mohammed Siraj – Skechers India
• Alia Bhatt- Denim brand Levi’s
• Abhinav Bindra – International Olympic Committee (IOC) Mental Health Ambassadors
• Madhuri Dixit – Odisha state’s handloom industry.
• Shah Rukh Khan – Zomato (for Fuel Your Hustle Campaign)
• MS Dhoni – ACKO

Exp. RBI Extends Tenure of Raghavendra Srinivas Bhat as MD & CEO of Karnataka Bank

The RBI has extended the tenure of Raghavendra Srinivas Bhat as MD & CEO of Karnataka Bank for one month starting October 16, 2025, or until a regular appointment is made.

Bhat, who took charge as MD & CEO on July 16, 2025, has served Karnataka Bank for nearly four decades, holding key posts including Chief Operating Officer (COO) and Chief General Manager.

His extension follows top-level resignations in the bank, including Srikrishan Hari Hara Sarma (MD & CEO) and Sekhar Rao (Executive Director), both of whom stepped down citing personal reasons.

Recent Appointments in Banking & Insurance Sector

• MD & CEO of Union Bank of India – Asheesh Pandey; for 3 years
• MD & CEO of Central Bank of India – Kalyan Kumar;for 3 years
• Deputy Governor of RBI – Shirish Chandra Murmu (replace M. Rajeshwar Rao); for 3 Years+
• Chairman of Piramal Finance – Anand Piramal
• CFO of IndusInd Bank – Viral Damania

Exp. 4 October – World Animal Welfare Day

World Animal Welfare Day is observed every year on 4th October to raise awareness about the well-being and protection of animals worldwide.

Theme 2025 – Save Animals, Save the Planet!

The day was first celebrated in 1925 in Berlin, Germany, initiated by animal rights activist Heinrich Zimmermann.

Exp. 5 October – World Teachers’ Day

World Teachers’ Day is celebrated every year on 5th October to honor the contributions of teachers and educators worldwide.

The day was established by UNESCO in 1994 to commemorate the signing of the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers.

It aims to raise awareness about the crucial role of teachers in providing quality education and shaping future generations.