2 December 2025 Current Affairs

National Affairs

• Union Cabinet approved the Credit Guarantee Scheme for Exporters (CGSE) to boost liquidity for exporters (MSMEs & non-MSMEs) and enhance India’s global export competitiveness.

• RBI imposed a ₹3.10 lakh penalty on Mannakrishna Investments Pvt Ltd for regulatory non-compliance.

• RBI data: All-India House Price Index increased only 2.2% in Q2 FY26 (vs. 7% YoY) across 18 major cities.

• Tata Realty (TRIL) signed a ₹1,280 crore green loan with DBS Bank India for Intellion Park, Gurugram .

• NPCI Bharat BillPay (NBBL) launched Banking Connect , an interoperable net banking platform enabling biometric authentication & real-time RBI oversight.

• Asian Development Bank (ADB) approved a USD 475.8 million loan for Northeast India to enhance healthcare, ecotourism & sustainable livelihoods .

• IMF graded India’s national accounts statistics as ‘C’ , indicating methodological issues affecting economic surveillance.

• Indian banks achieved complete implementation of SWIFT ISO 20022 messaging standards before 22 Nov 2025 deadline.

• Cyclone Ditwah formed over Southwest Bay of Bengal — IMD issued alerts for Tamil Nadu, Puducherry & South Andhra Pradesh .

• Vivek Chaturvedi (IRS–C&IT, 1990 batch) appointed Chairman, CBIC (from 1 Dec 2025).

• Vice Admiral Sanjay Sadhu assumed charge as Controller of Warship Production & Acquisition (CWP&A) on 28 Nov 2025.

• PM Modi inaugurated Skyroot’s Infinity Campus in Hyderabad ; unveiled Vikram-I , India’s first private orbital launch vehicle.

• WII researchers discovered 13 new bush frog species (Raorchestes) in Eastern Himalayas & Indo-Burma hotspot.

• British playwright Tom Stoppard passed away at 88 .

• India Global Forum (IGF) launched a USD 250 million fund in Dubai to support high-growth Indian companies globally.

• Goa CM unveiled a postal stamp in honour of filmmaker K. Vaikunth at IFFI 2025 .

• Camikara rum won ‘Rum Brand of the Year’ at The Spirits Business Awards 2025 — first Indian rum to win this.

• MapmyIndia Mappls + Zoho launched India’s first indigenous CRM + geospatial integration within Zoho CRM.

• Asian Paints signed a 3-year partnership with BCCI as Team India’s official colour partner .

International Affairs

• Jakarta overtook Tokyo as the world’s most populous city (42 million) — UN World Urbanisation Prospects 2025.

• Russian spacecraft Soyuz MS-28 launched carrying 2 Roscosmos cosmonauts & 1 NASA astronaut to ISS for an 8-month mission.

Sports

• Ahmedabad officially selected to host the 2030 Commonwealth Games , surpassing Abuja.

• South Africa defeated India by 408 runs in 2nd Test at Barsapara Stadium — India’s worst-ever defeat by runs .

Banking & Finance

• RBI penalty: ₹3.10 lakh on Mannakrishna Investments Pvt Ltd.

• TRIL–DBS green loan worth ₹1,280 crore.

• NBBL’s Banking Connect launched for seamless merchant net-banking payments.

• ADB USD 475.8 million loan to Northeast India.

Science & Space

• PM Modi inaugurated Vikram-I — India’s first private orbital launch vehicle (Skyroot Aerospace).

• Soyuz MS-28 mission launched to ISS.

Important Days – 2 December

• World Computer Literacy Day 2025

• International Day for the Abolition of Slavery 2025

• National Pollution Control Day 2025