Daily Current Affairs — 30 December 2025
6 articles • UPSC Prelims & Mains
Countries Raise Concern About ‘Fake Rabies Vaccine’ in India
Context Recently countries like the UK, US, and Australia have issued an advisory about the counterfeit batch of Abhayrab, a rabies vaccine manufactured by government-owned Indian Immunologicals Limited (IIL). About Abhayrab Counterfeit Controversy Abhayrab is a cell‑culture rabies vaccine manufactured by Indian Immunologicals Limited (IIL), in use since 2000 in India and over 40 countries. It reportedly holds around 40% of India’s human rabies vaccine market and is widely used in government pro
Banking Fraud Amount Jumps 30% in April–September 2025
Context The RBI’s Trend and Progress of Banking in India 2024–25 shows that even as the incidence of banking frauds has declined, the value of losses has increased significantly, pointing to deep-seated structural and supervisory weaknesses in the banking system. Key Findings from the RBI Report Nature of Frauds: During 2024-25, Card and internet frauds accounted for 66.8% of total cases, highlighting persistent vulnerabilities in digital banking. In terms of amount, the share of advances-relate
India Poised to Become $26 Trillion Economy By 2047–48
In News India is projected to become a $26 trillion economy by 2047–48, with per capita income exceeding $15,000, maintaining an average growth rate of ~6% per annum according to a report by Ernst Young (EY). Current Status Growth Momentum : India’s real GDP grew 8.2% in Q2 FY 2025-26, up from 7.8% in the previous quarter and 7.4% in Q4 of 2024-25, led by resilient domestic demand amidst global trade and policy uncertainties. Real gross value added (GVA) expanded by 8.1%, catalysed by buoyant in
The US Push to Redefine the WTO
Context The US recently articulated its vision for reforming the World Trade Organization (WTO). Major Highlights of the US Suggested Reforms Decision-Making (Plurilateralism): The US argues consensus among 166 members is unrealistic for new trade rules. It supports plurilateral agreements among willing members as the future of WTO rule-making.
Water Guardians: A Local Fight Against Desertification
Context A group of local farmers and volunteers, called water guardians, are attempting grassroots water restoration in the semi-arid Homokhátság region in Hungary. The ‘Water Guardians’ Initiative Parts of Central Europe, particularly Hungary’s Great Hungarian Plain (Homokhátság), are witnessing rapid desertification, driven by climate change, falling groundwater levels, and unsustainable land and water management. The initiative aims to retain and redistribute water locally, rather than allowi
3 Years of India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA)
In News The India–Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has completed three years of operation since its implementation in December 2022. What is Ind-Aus ECTA? The Ind-Aus ECTA is a bilateral free trade agreement between India and Australia, signed on 2 April 2022 and implemented from December 2022.