- On 10 December 2025, India’s banking sector was declared to be in its most stable phase in two decades. Gross NPAs fell sharply to 2.31%, compared to a peak of 11.46% in 2018, showing strong asset quality. Profits touched record highs, with ₹1.78 lakh crore for Public Sector Banks and ₹4.01 lakh crore for Scheduled Commercial Banks. This stability reflects successful reforms like the Insolvency and Bankruptcy Code, recapitalization, and digital monitoring.
- On 15 December 2025, Sai Jadhav became the first woman officer to pass out from IMA, Dehradun. She broke a 93‑year‑old record since the academy’s establishment in 1932. Commissioned as a Lieutenant in the Territorial Army, she hails from Kolhapur, Maharashtra. Her achievement marks a historic milestone for women’s entry into the Indian Army.
- On 16 December 2025, the Lok Sabha passed the Repealing and Amending Bill, 2025. The Bill repeals 71 obsolete Acts and amends 4 existing laws for clarity. It corrects provisions in the Succession Act, Civil Procedure Code, Disaster Management Act, and General Clauses Act.
- On 16 December 2025, President Droupadi Murmu inaugurated the 1066th birth anniversary celebrations of Adi Jagadguru Sri Shivarathreeshwara Shivayogi Mahaswamiji at Malavalli, Karnataka. The event honored the saint’s immense contributions to spiritual guidance, social reform, and education. President Murmu emphasized the role of saints in promoting values of equality, compassion, and harmony.
- On 16 December 2025, SBI signed a €150 million (~₹1,350 crore) loan agreement with KfW Development Bank, Germany. The deal was finalized at KfW headquarters in Frankfurt to finance climate-friendly energy projects in India. Focus areas include renewable energy, energy efficiency, and green infrastructure supporting India’s net‑zero 2070 target.
- On 16 December 2025, SEBI approved IPO proposals of seven companies. Together, they aim to raise over ₹6,000 crore from the primary market. The firms include Yashoda Healthcare, Fusion CX, Orient Cables, Turtlemint, RSB Retail, SFC Environmental, and Lohia Corp. This clearance signals strong investor appetite and boosts India’s capital market growth.
- International Migrants Day 2025 was observed on 18 December, established by the UN General Assembly in 2000. The theme was “My Great Story: Cultures and Development”, celebrating migrants’ contributions to societies. It highlighted challenges of migration shaped by conflict, climate change, and economic hardship.
- B. Sairam was appointed as the Chairman and Managing Director (CMD) of Coal India Limited on December 15, 2025. He succeeds Sanoj Kumar Jha, who held interim charge after the superannuation of P.M. Prasad. A mining engineer from NIT Raipur, Sairam brings over three decades of experience in coal sector leadership.
- On 16 December 2025 (Vijay Diwas), President Droupadi Murmu inaugurated the Param Vir Dirgha at Rashtrapati Bhavan, New Delhi. The gallery honors all 21 Param Vir Chakra awardees, India’s highest military gallantry recipients. It features heroes like Major Somnath Sharma (1947 war), Second Lt. Arun Khetarpal (1971 war), and Captain Vikram Batra (Kargil, 1999).
- Veteran journalist Prafulla Govinda Baruah, Chairman Emeritus & Editor of The Assam Tribune, passed away on 14 December 2025 in Guwahati. He was 93/94 years old and a recipient of the Padma Shri for journalism. Son of The Assam Tribune founder Radha Govinda Baruah, he led the newspaper group since 1966.
Question:
Q1.On 16 December 2025, the Lok Sabha passed the Repealing and Amending Bill, 2025. How many obsolete Acts were repealed?
a) 41
b) 55
c) 71
d) 85
Answer: c) The Bill repealed 71 obsolete Acts and amended 4 existing laws for clarity.
Q2. The PM-KUSUM scheme primarily promotes what in agriculture?
a) Irrigation facilities
b) Solar energy adoption
c) Organic farming
d) Fertilizer subsidies
Answer: b) PM-KUSUM promotes solar energy adoption to raise farm incomes and support sustainable farming.
