12th-13th October 2025

1. India Water & Rivers Forum 2025 Held in New Delhi
2. IISc and IIT Madras Joined GBA for Water Security and Resilience Project
3. Overview of Union Minister Piyush Goyal’s Visit to Qatar from October 6 to 7, 2025
4. Global Fintech Fest 2025 held in Mumbai Highlights
5. ICICI Bank Launches Corporate Sapphiro Forex Card
6. Revolut Launches Banking and Payment Services in India
7. Visa Unveils New Digital Payment Solutions at GFF 2025
8. Bank of India Launches Four Digital Banking Initiatives
9. Easebuzz Launches Banking Connect IBMB at GFF 2025
10. RBI to Launch Digital Payments Intelligence Platform
11. NPCI, Razorpay and OpenAI Pilot UPI Payments on ChatGPT
12. NPCI, Razorpay and OpenAI Pilot AI-Driven UPI Payments
13. India’s Finternet Initiative to Expand Globally by 2026
14. Paytm Launches India’s First AI Soundbox
15. Tata Asset Management Launches Portfolio 360 Feature
16. Getepay Launches Vega Payment Switch in Mumbai
17. NeGD and NeSL Sign MoU for Digital Document Integration
18. Navi Launches Reserve Pay and EV Recharge Features
19. PayPal Partners NPCI to Enable UPI Payments Globally
20. PayU Launches UPI NXT Stack in India
21. Wibmo Launches Intelligent Authentication Suite at GFF 2025
22. PhonePe Launches SmartPOD Hybrid Payment Device
23. PhonePe and Utkarsh SFB Launch Wish Credit Card
24. BoI Signs a MoU with BSF to Boost Financial Benefits under the Rakshak Salary Package
25. CotoPay Launches India’s First Business-Focused e-RUPI Voucher Issuance Platform
26. Sachin Tendulkar Launches Sportswear Brand “TEN x YOU”
27. Sebastien Lecornu Re-Appointed as New PM of France
28. Rajeev Juneja Appointed as President of PHDCCI
29. World Day Against Death Penalty 2025 – October 10
30. World Egg Day 2025 – October 10
31. International Day of the Girl Child 2025 – October 11
32. Maharashtra Signs MoU with Spain to set up a convention in Nagpur
33. Siddi Tribal Community Achieves 72% Literacy Rate
34. India to Host UN Troop Contributing Countries Chiefs’ Conclave in Delhi
35. India’s First Semiconductor Innovation Museum Opens
36. Private Sector Candidates Eligible for SBI MD, PSU ED Roles
37. International Day for Disaster Risk Reduction 2025
38. Sonali Sen Gupta Appointed RBI Executive Director
39. Nobel Prizes 2025

National News

1. India Water & Rivers Forum 2025

• What:
  • The inaugural India Water & Rivers Forum 2025, organised by CSRBOX and The Godavari Initiative, anchored India’s corporate water leadership within the framework of the UNGC CEO Water Mandate and witnessed the signing of an MoU between CSRBOX and the Pacific Institute to advance basin resilience.
• Why:
  • The forum aimed to promote collective action for water security, strengthen basin-level governance, and build collaborations among government, industry, and civil society for sustainable resource management.
• Tell me more:
  • It was convened in partnership with the UNGC CEO Water Mandate, Water Resilience Coalition, Alliance for Water Stewardship, and WRI India.
  • The forum launched the India ESG Outlook Report 2025, analysing trends and opportunities in sustainable business practices.
  • The event featured discussions on industry innovation, collaboration, and the vision of a sustainable Nashik Simhastha Kumbh 2027.

Source: TW

2. Piyush Goyal Holds Bilateral Talks with Qatari Counterpart

• What:
  • Union Commerce and Industry Minister Piyush Goyal held a bilateral meeting with Qatar’s Minister of Commerce and Industry Sheikh Faisal bin Thani bin Faisal Al Thani to boost India-Qatar trade and investment ties.
• Why:
  • The visit aimed to strengthen the economic partnership between India and Qatar and explore new cooperation opportunities across trade, investment, and strategic sectors.
• Tell me more:
  • Piyush Goyal visited Qatar from October 5–7, 2025, and co-chaired the Joint Commission meeting on October 6 with his Qatari counterpart.
  • Both countries agreed to work toward doubling bilateral trade by 2030 and to begin talks on a Free Trade Agreement.
  • Goyal met Qatar’s Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and conveyed greetings from Prime Minister Narendra Modi.
  • He also met the Governor of Qatar Central Bank and Chairman of the Qatar Investment Authority to discuss investment opportunities and the plan to open QIA’s office in India.
  • A large Indian business delegation accompanied Goyal and engaged with key Qatari institutions, including Qatar Airways, Qatar Investment Authority, and Qatar Free Zones Authority.

Source: DD NOA

State News

1. Greater Bengaluru Authority Partners IISc and IIT-M for Water Resilience Project

• What:
  • The Greater Bengaluru Authority (GBA) has joined hands with IISc and IIT Madras to develop the World Bank-funded Bengaluru Water Resilience Project worth over ₹3,500 crore.
• Why:
  • The project aims to improve water security in Bengaluru and reduce flooding due to poor stormwater infrastructure.
• Tell me more:
  • It will be modelled on IISc’s Urban Flood model with modifications to match GBA’s goals.
  • IIT-M will provide advanced technology and training support for processing and visualisation.
  • WELL Labs and CSTEP will propose strategies for better project design and implementation.
  • Bengaluru Smart Infrastructure Ltd. (BSMILE) will handle the project’s implementation.
  • The World Bank has offered technical assistance for GBA’s projects.

Source: TH

2. Maharashtra to Build World-Class Convention Centre in Nagpur

• Maharashtra Chief Minister Devendra Fadnavis announced the construction of a modern convention centre in Nagpur in partnership with Spain’s Fira Barcelona International.
• The centre aims to host exhibitions, major events, and act as a cultural hub showcasing Nagpur’s rich history with modern, eco-friendly design.

Source: NOA

3. President Droupadi Murmu Interacts with Siddi Tribal Community

• What:
  • President Droupadi Murmu met with the Siddi tribal community, a primitive tribal group with African roots, in Gujarat’s Junagadh district.
• Tell me more:
  • The Siddi community has achieved a literacy rate of over 72%, which the President appreciated.
  • The Siddi community is designated as a Particularly Vulnerable Tribal Group.

Source: NOA

4. India Launches First Semiconductor Innovation Museum in Hyderabad

• What:
  • India’s first Semiconductor Innovation Museum has been launched by T-Chip in Hyderabad to boost technology and innovation growth.
• Why:
  • To create opportunities for engineers, researchers, and students and promote semiconductor technology and innovation in universities.
• Tell me more:
  • IIT Hyderabad and research scholars launched the T-Chip, the first in India and the world.
  • The Central government allocated ₹72,000 crore in the IIT Hyderabad budget to promote semiconductor research and manufacturing.

Source: ANI

Banking and Economy

1. Denmark Hosts Green Fintech Interaction at Global Fintech Festival 2025

• What:
  • Invest in Denmark and Copenhagen Fintech, in partnership with Startup Réseau, hosted a thematic interaction on “Green Fintech” and launched the report ‘Green Fintech – Denmark: Digital Solutions for a Sustainable Future’ at the Global Fintech Fest 2025 in Mumbai.
• Tell me more:
  • The interaction included addresses by Denmark’s Ambassador to India, the Governor of Danmarks Nationalbank, and IFSCA Chairperson.
  • A Climate FinTech Roundtable was held before the launch of the report showcasing innovation in Denmark and India.
  • Denmark participated as a Country Partner at the Global Fintech Fest 2025, highlighting its leadership in Ethical AI, cybersecurity, and Climate Fintech.

Source: TW

2. PhonePe Partners Mastercard for Device Tokenisation at Global Fintech Festival 2025

• What:
  • PhonePe has partnered with Mastercard to introduce device tokenisation on its payments gateway, aiming to make digital transactions more secure and seamless for users.
• Tell me more:
  • Mastercard’s network tokenisation is integrated with PhonePe’s merchant platform to improve payment security.
  • Users can now save their card once on the PhonePe app and use it securely across multiple merchants without re-entering details.
  • RBI’s updated regulations allow device-based verification using biometrics like fingerprints or face scans instead of OTPs.
  • ixigo has integrated PhonePe Payment Gateway (PhonePe PG) to offer faster and more secure card payments to its users.
  • PhonePe also launched the Smart Pod, an all-in-one device that accepts both card and UPI payments.

Source: ET

3. Visa Unveils New Digital Payment Solutions at Global Fintech Fest 2025

• What:
  • Visa announced a series of new digital payment solutions and partnerships at the Global Fintech Fest 2025, focusing on security, cross-border convenience, and the use of AI in payments.
• Tell me more:
  • Visa launched its Payment Passkey solution with Razorpay, PhonePe, PayU, and Juspay, allowing authentication through biometrics and passcodes instead of OTPs.
  • It introduced the Corporate Sapphiro Forex Card with ICICI Bank for business users offering travel perks worth over ₹15,000.
  • The company unveiled a white paper titled “From Automation to Autonomy: How Agentic AI is Revolutionising Payments.”
  • Visa collaborated with Zenith Leisure Holidays and Pismo to launch a new Multi-Currency Prepaid Forex Card for travelers.
  • Visa also partnered with Xoxoday to introduce an AI-powered co-branded prepaid card programme for employee rewards and incentives.

Source: BS

4. Revolut Launches Banking and Payment Services in India at the Global Fintech Fest 2025

• What:
  • UK-based Revolut unveiled its India launch at the Global Fintech Fest 2025, aiming to onboard 20 million Indian customers by 2030.
• Why:
  • The launch aims to combine India’s domestic payment ecosystem with Revolut’s global financial platform to provide seamless banking and cross-border payment experiences.
• Tell me more:
  • The first Revolut cards in India will operate on the Visa network, offering both domestic prepaid and multi-currency international cards.
  • The India app will integrate UPI, domestic payments, and international spending in a single application.

Source: TOI

5. Bank of India Launches Four Digital Banking Initiatives at Global Fintech Fest 2025

• What:
  • Bank of India launched four major digital products and initiatives during the Global Fintech Fest 2025 to enhance security, convenience, and financial inclusion.
• Tell me more:
  • A Proof-of-Concept solution was launched to prevent fraudsters from registering on mobile banking apps through social engineering or fake calls.
  • The Bank introduced NPCI’s biometric-based UPI transactions for small-value payments, reducing transaction time by up to 20%.
  • Two RuPay co-branded credit cards—Celestia for premium customers and Lakshmi Credit Card for women—were launched offering exclusive benefits.
  • An MoU was signed with PayNearby Technologies under the Digital Naari Initiative to boost women’s financial empowerment.
  • The Bank also showcased prototypes by FinShield Hackathon 2025 winners from IIIT Kottayam and IIPE.

Source: SME

6. Easebuzz Launches Banking Connect IBMB at Global Fintech Fest 2025

• What:
  • Easebuzz, in collaboration with NPCI Bharat BillPay Limited (NBBL), launched the Banking Connect IBMB (Interoperable Net & Mobile Banking) platform at the Global Fintech Festival 2025 in Mumbai.
• Tell me more:
  • IBMB enables instant fund transfers, real-time reconciliation, and cross-bank interoperability for secure digital transactions.
  • It creates a level playing field for regional and smaller banks while supporting mobile and web payment flows with faster settlements.
  • Alongside the launch, Easebuzz introduced FeesPortal for education payments and HOM360 for housing society management.

Source: ET

7. RBI Announced Digital Payments Intelligence Platform at Global Fintech Fest 2025

• What:
  • The Reserve Bank of India is developing a Digital Payments Intelligence Platform (DPIP) that will use artificial intelligence to detect risky transactions and prevent fraud.
• Why:
  • The platform aims to strengthen fraud risk management and reduce digital payment frauds by providing real-time alerts and intelligence sharing.
• Tell me more:
  • DPIP will collect data from various sources such as mule accounts, telecom networks, and geographical locations to train its AI system.
  • The system will send pre-transaction alerts when a transaction appears risky, allowing banks or customers to decide on proceeding.
  • The prototype of the platform is being developed by RBI’s innovation hub, and a dedicated entity will be established to manage it.

Source: ET

8. NPCI, Razorpay and OpenAI Pilot UPI Payments on ChatGPT at Global Fintech Fest 2025

• What:
  • NPCI and Razorpay have partnered with OpenAI to pilot AI-driven UPI payments on ChatGPT using the new ‘reserve pay’ feature, with Axis Bank and Airtel Payments Bank as banking partners.
• Tell me more:
  • BigBasket is among the first platforms to allow shopping through ChatGPT in the pilot phase.

Source: BS

9. India’s Finternet Initiative to Expand Globally by 2026

• What:
  • Infosys Chairman Nandan Nilekani announced that India’s Finternet initiative, integrating tokenisation, AI, and regulated finance, will expand across 20 ecosystems in four continents with live implementations by 2026.
• Why:
  • The initiative aims to build a scalable and compliant digital architecture for asset tokenisation and digital wealth creation, enabling citizens and businesses to unlock asset potential and access credit easily.
• Tell me more:
  • Finternet can digitise and verify assets like gold, property, and securities, enabling programmatic transactions within a regulated framework.
  • India’s digital infrastructure already supports 1.43 billion Aadhaar holders, 600 million DigiLocker users, and 20 billion monthly UPI transactions.
  • The initiative represents collaboration between technology, government, RBI, NPCI, and private innovators.
  • It also focuses on cross-border integration and global adoption of digital assets.
  • Finternet was highlighted at the Global Fintech Fest 2025 in Mumbai.

Source: TOI

10. Paytm Launches India’s First AI Soundbox at Global Fintech Festival (GFF) 2025

• What:
  • Paytm launched the Paytm AI Soundbox, India’s first Artificial Intelligence payment device, to serve as a business assistant for small and micro enterprises.
• Why:
  • The device aims to make technology and artificial intelligence more inclusive by empowering millions of businesses with intelligent tools for daily operations.
• Tell me more:
  • The AI Soundbox was unveiled at the Global Fintech Festival (GFF) 2025.
  • It goes beyond payment alerts by offering real-time business insights, data on payments, and merchant interaction capabilities.
  • The device supports 11 local languages, making it accessible for small business users.
  • Paytm CEO Vijay Shekhar Sharma described it as a “superhuman business partner” revolutionising micro-business operations.

Source: ET

11. Tata Asset Management Launches Portfolio 360 Feature at Global Fintech Festival (GFF) 2025

• What:
  • Tata Asset Management, in partnership with Equal-Onemoney, launched Portfolio 360 on the Tata Mutual Fund app to give investors a complete view of their financial holdings.
• Why:
  • The feature aims to simplify financial decision-making by providing a transparent, data-driven, and unified view of wealth across institutions.
• Tell me more:
  • Portfolio 360 leverages the Account Aggregator ecosystem for secure, consent-based data sharing.
  • It allows investors to link accounts, view consolidated net worth, and plan for goals like retirement using the FIRE Calculator.

Source: IBS

12. Getepay Launches Vega Payment Switch in Mumbai at Global Fintech Fest 2025

• What:
  • Jaipur-based payment aggregator Getepay launched ‘Vega’, an indigenously built payment switch to provide banks, payment service providers, and merchants with secure and scalable payment solutions.
• Why:
  • The launch aims to simplify and strengthen digital payments infrastructure by enabling faster, safer, and more efficient transaction management.
• Tell me more:
  • The launch event was inaugurated by actor Sanjay Dutt in Mumbai.
  • Getepay’s Founder and CEO Pravin Sharma described Vega as a bridge between banks and businesses driving India’s economy.

Source: ET

13. Navi Launches Reserve Pay and EV Recharge Features at Global Fintech Fest 2025

• What:
  • Navi announced two new UPI-based features, Reserve Pay and EV Recharge via Bharat Connect, at the Global Fintech Fest 2025.
• Why:
  • The features aim to provide secure, flexible payment options and seamless charging wallet top-ups for EV owners.
• Tell me more:
  • Reserve Pay lets customers block a specific amount for multiple debits, reducing cash-on-delivery risks by enabling payment only upon delivery.
  • The feature works with both RuPay credit cards and savings bank accounts.
  • EV Recharge uses Bharat BillPay’s “Validate and Pay” framework to allow direct charging wallet top-ups through the Navi app.
  • Navi’s MD & CEO Rajiv Naresh highlighted that these innovations address real-world user needs.

Source: FI

14. PayPal Partners NPCI to Enable UPI Payments Globally at Global Fintech Fest 2025

• What:
  • PayPal announced a partnership with NPCI International to integrate UPI into its upcoming PayPal World platform, allowing Indian users to make global payments and P2P transfers through PayPal.
• Why:
  • The collaboration aims to simplify cross-border transactions, remove currency conversion costs linked to credit cards, and promote financial inclusivity by enabling familiar payment systems worldwide.
• Tell me more:
  • PayPal World will allow interoperability between UPI and other payment services like Mercado Pago (Latin America), Tenpay Global (China), and Venmo (USA).
  • Indian users will be able to shop online or in stores that accept PayPal using their UPI accounts.

Source: ET

15. PayU Launches UPI NXT Stack at Global Fintech Fest 2025

• What:
  • PayU launched UPI NXT Stack, including UPI NXT and TPAP NXT products, to enhance speed, reliability, and customization for merchants in India’s UPI ecosystem.
• Why:
  • The initiative aims to power the next generation of digital payments by solving market pain points and promoting global adoption of ‘Made in India’ platforms.
• Tell me more:
  • UPI NXT supports over 10,000 transactions per second with a 99.87% success rate, zero-redirection payments, and instant refunds.
  • TPAP NXT offers customizable APIs, SDKs, and hybrid SDKs for full-scale UPI integration, along with features like custom VPAs, P2P transfers, Autopay, and One-Time Mandates.
  • PayU partnered with NPCI to introduce UPI Reserve Pay, enabling Single-Block Multi Debit transactions.

16. Wibmo Launches Intelligent Authentication Suite at Global Fintech Fest 2025

• What:
  • Wibmo, a PayU company, launched its Intelligent Authentication Suite to replace traditional OTP-based payment authentication with secure biometric-first solutions for banks and merchants.
• Why:
  • The suite aims to improve payment security, speed, and user experience by addressing OTP delivery issues, reducing fraud risks, and supporting RBI’s new guidelines on risk-based authentication.
• Tell me more:
  • The suite includes Web Passkey, Merchant In-App, and Bank In-App authentication technologies.
  • Wibmo’s Passkey, developed with Mastercard, enables phishing-proof biometric authentication using fingerprint, Face ID, or PIN.
  • Smart Orchestration chooses the best authentication method based on risk and user behavior.
  • Bank In-App authentication allows payments to be authenticated within the customer’s bank app.

Source: BS

17. PhonePe Launches SmartPOD Hybrid Payment Device at Global Fintech Fest 2025

• What:
  • PhonePe introduced the SmartPOD at the Global Fintech Fest 2025, combining SmartSpeaker features with traditional POS capabilities in a single, cost-effective device for merchants.
• Why:
  • The device aims to help merchants accept both UPI and card payments affordably, reducing missed sales opportunities and catering to a wider range of customers.
• Tell me more:
  • SmartPOD supports payments from Mastercard, Visa, RuPay, and American Express via NFC tap and EMV chip transactions.
  • It retains SmartSpeaker 2.0 features like celebrity voice confirmation, 4G connectivity, and fast charging.
  • Includes customer-facing and merchant-facing displays, a keypad for PIN entry, and supports e-charge slips for card transactions.

Source: BS GFF

18. PhonePe and Utkarsh SFB Launch Wish Credit Card at Global Fintech Fest 2025

• What:
  • PhonePe partnered with Utkarsh Small Finance Bank to launch the Wish Credit Card, which combines the security of a Fixed Deposit (FD) with the benefits of a credit card.
• Why:
  • The initiative aims to make credit accessible to underserved segments, including self-employed individuals, homemakers, Gen Z users, and customers in tier-2 and tier-3 cities.
• Tell me more:
  • Users can get the Wish Credit Card by creating an FD starting from ₹2,000, which backs the credit limit and earns interest.

Source: BS

19. CotoPay Launches UPI Voucher Platform for Businesses

• What:
  • CotoPay launched a platform to help businesses manage expenses using UPI vouchers, enabling category-specific, locked payments through existing UPI apps.
• Why:
  • The initiative aims to provide secure, cashless, and controlled expense management for corporates and fleets while maintaining user convenience in payments.
• Tell me more:
  • Employees or drivers can use vouchers through apps like Google Pay, bob इ Pay, and BHIM without changing payment habits.
  • The founders were part of the team at the National Health Authority that developed eRUPI with NPCI.

Source: BS

20. Private Sector Professionals Allowed in Top Public Bank Posts

• What:
  • The government has opened senior management roles in public sector banks, including SBI, to private sector professionals to widen leadership talent.
• Tell me more:
  • One of the four Managing Director posts at SBI is now open to private sector and other public sector financial institution candidates.
  • Executive Director roles across public sector banks are also open to private sector professionals under new guidelines.
  • The 11 other nationalised banks like Punjab National Bank, Bank of Baroda, Canara Bank, Union Bank of India, and Bank of India are included in this framework.
  • Private sector candidates for MD posts need a minimum of 21 years’ experience, 15 years in banking, and 2 years at board level, while ED posts require at least 18 years’ experience, 12 years in banking, and 3 years at a senior level below the board.
  • For SBI, the first MD vacancy will be open to external candidates, subsequent ones to internal PSB candidates, and one ED post per bank will be open to both private and internal candidates.

Source: TOI

Defence News

1. Indian Army to Host UN Troop Contributing Countries Conclave

• What:
  • The Indian Army will host the United Nations Troop Contributing Countries (UNTCC) Army Chiefs’ Conclave in New Delhi from October 14 to 16.
• Why:
  • The conclave aims to improve UN peacekeeping missions by enhancing cooperation, interoperability, and coordination among troop-contributing countries.
• Tell me more:
  • At least 15 foreign Army Chiefs and key defence representatives from over 30 countries will participate, including countries from Asia, Africa, and Latin America.
  • India has contributed over 2.75 lakh personnel to 50 UN peacekeeping missions since its inception.
  • The conclave is described as a “first-of-its-kind” event to amplify the voice of troop-contributing nations in the UN peacekeeping system.

Source: N18

Awards

1. Nobel Prize 2025

Source: Nobel

Important Days

1. World Day Against Death Penalty 2025 – October 10

2. World Egg Day 2025 – October 10

• Theme: The Mighty Egg: Packed with Natural Nutrition

Source: WEO

3. International Day of the Girl Child 2025 – October 11

• Theme: ‘The girl I am, the change I lead: Girls on the frontlines of crisis’

Source: UN

4. International Day for Disaster Risk Reduction 2025 – October 13

• Theme: Fund Resilience, Not Disasters

Source: UN

Memorandum of Understanding

1. NeGD and NeSL Sign MoU for Digital Document Integration

• What:
  • The National e-Governance Division (NeGD) under MeitY and National E-Governance Services Limited (NeSL) signed an MoU to enhance digital document management for businesses and government entities.
• Why:
  • The collaboration aims to create secure, paperless, and legally compliant digital document workflows to promote ease of doing business and digital governance.
• Tell me more:
  • The MoU was signed at the Global Fintech Fest 2025 in the presence of NeGD Director J.L. Gupta and NeSL MD & CEO Debajyoti Ray Chaudhuri.
  • It integrates NeGD’s Entity Locker, an extension of DigiLocker, with NeSL’s Digital Document Execution (DDE) platform.
  • The integration allows users to access digitally executed electronic bank guarantees (e-BGs) directly in their Entity Locker accounts.
  • NeSL’s e-BG service ensures secure, tamper-proof, and fast issuance and management of bank guarantees.

Source: PIB

2. Bank of India Signs MoU with Border Security Force

• What:
  • Bank of India signed an MoU with the Border Security Force to extend the BOI Rakshak Salary Package to BSF personnel and veterans.
• Tell me more:
  • The MoU was exchanged on 10th October 2025 at BSF Headquarters, New Delhi.
  • The Rakshak Salary Package includes free comprehensive Personal Accident Insurance, attractive Debit & Credit Card offers, and other benefits.
  • It offers up to ₹1 crore in personal accident insurance and ₹2 crore in air accident coverage.

Source: SME

Appointments

1. Sachin Tendulkar Launches Sportswear Brand TEN x YOU

• What:
  • Sachin Tendulkar launched a new sportswear and athleisure brand named “TEN x YOU”, offering footwear, apparel, and a special cricket-focused range.
• Tell me more:
  • TEN x YOU is headquartered in Bengaluru and cofounded by Karthik Gurumurthy, Karan Arora, and Tendulkar.
  • The brand is backed by Peak XV (part of Surge XI Co-Hort) and Whiteboard Capital.

Source: BS

2. Emmanuel Macron Reappoints Sebastien Lecornu as French PM

• France’s President Emmanuel Macron reappointed Sebastien Lecornu as Prime Minister, days after he resigned from the same position.

Source: ALJ

3. Rajeev Juneja Appointed as President of PHDCCI

• The PHD Chamber of Commerce and Industry appointed Rajeev Juneja, Vice-Chairman and Managing Director of Mankind Pharma, as its new president, succeeding Hemant Jain.
• Anil Gupta, CMD of KEI Industries, has become the senior vice-president of PHDCCI.
• Sanjay Singhania, MD and CEO of Epack Prefab Technologies, has been appointed as vice-president.
• PHD Chamber of Commerce and Industry (PHDCCI) is a non-government, not-for-profit, industry-led and industry-managed organization established in 1905.

Source: BS

4. RBI Appoints Sonali Sen Gupta and Sanjay Kumar Hansda as EDs

• What:
  • The Reserve Bank of India appointed Sonali Sen Gupta and Sanjay Kumar Hansda as Executive Directors effective from October 2025 to oversee key departments.
• Why:
  • To strengthen leadership in departments related to consumer protection, financial inclusion, economic research, and policy formulation.
• Tell me more:
  • Sonali Sen Gupta will manage the Consumer Education and Protection Department, Financial Inclusion and Development Department, and Inspection Department.
  • Sanjay Kumar Hansda will look after the Department of Economic and Policy Research.
  • Both have over 30 years of experience in RBI across various areas including banking regulation, financial markets, and monetary policy.
  • Sen Gupta previously was Regional Director of Karnataka and has represented RBI in international forums like G20’s GPFI and OECD’s INFE.
  • Hansda has worked with the IMF, Bank of England, and held advisory roles within RBI, focusing on banking, liquidity, inflation, and financial stability.

Source: LM

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