Daily Current Affairs — 4 October 2025
6 articles • UPSC Prelims & Mains
India-Russia Celebrate 25 Years of Strategic Partnership
In News Russia and India have significantly advanced their 25-year strategic partnership amid a changing global landscape. Background In 2000, Russian President Vladimir Putin and Indian Prime Minister Atal Bihari Vajpayee signed the declaration on strategic partnership, which opened a new chapter in bilateral relations. In December 2010, the Strategic Partnership was upgraded to a “Special and Privileged Strategic Partnership.” Multiple institutional dialogues, including the Intergovernmental C
India Emerges as the Fastest-Growing Dairy Producer Worldwide
Context India’s dairy sector has expanded by 70% in the past 11 years, with milk production rising from 146 million tonnes in 2014-15 to 239 million tonnes in 2023-24. Dairy Sector of India Global Leadership: India is the world’s largest milk producer, contributing 24.76% of global milk output. Economic Contribution: Dairy is India’s single largest agricultural commodity, contributing 5% to GDP and employing over 8 crore farmers.
RBI Rolled Out Liquidity Measures
In News The Reserve Bank of India (RBI) rolled out a set of liquidity measures designed to make capital more accessible for investors and companies. Key Measures by RBI Acquisition financing: For the first time, banks can now give loans to companies for buying other companies. This allows them to fund mergers, buyouts, and consolidation deals—something banks had been requesting for years.
NITI Aayog Launches Tax Policy Working Paper to Boost Foreign Investment
Context NITI Aayog released the first working paper under the NITI Tax Policy Working Paper Series–I, titled Enhancing Tax Certainty in Permanent Establishment and Profit Attribution for Foreign Investors in India, focusing on improving tax certainty and attracting more foreign investment. Importance of Tax Certainty Foreign investment is important: India has received rising FDI inflows, from about USD 6 billion in 2005–06 to USD 50 billion in 2024–25. Unclear rules create problems: Foreign comp
Draft Rules for Online Gaming
Context The Ministry of Electronics and IT (MeitY) has released draft rules for online gaming. About They are intended to operationalise the Promotion and Regulation of Online Gaming (PROG) Act, 2025. It bans real money gaming (RMG) platforms such as online poker, rummy and fantasy sports while permitting only social games and e-sports.
Heritage Management & Conservation: Policy Shift in India
Context The government plans to open up conservation of protected monuments — so far the mandate of only the Archaeological Survey of India (ASI) — to private entities, marking the beginning of a public-private partnership model in heritage management. Background: ASI’s Exclusive Mandate The Archaeological Survey of India (ASI) was established in 1861 under the Ministry of Culture, responsible for archaeological research and the protection of India’s cultural heritage. It plays a central role in