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International Universal Health Coverage Day 2025 – December 12The United Nations (UN’s) International Universal Health Coverage (UHC) Day is annually observed across the globe on 12th December to raise awareness about the need for strong, resilient health systems and accessible, affordable, high-quality health services for all without financial hardship.2025 Theme: “Unaffordable health costs? We’re sick of it!”Background: Initiation: In 2014, the UHC Coalition began observing December 12 as UHC Day to mark the UN General Assembly(UNGA)’s recognition of the importance of UHC.UN Declaration: In 2017, the UNGA adopted resolution A/RES/72/138, officially designating December 12 as “International UHC Day” to be observed annually.First Observance: The first International UHC Day was celebrated on 12 December 2018. SDG Link: UHC, included under Sustainable Development Goals (SDGs) Target 3.8 for 2015–2030, is a key component of SDG 3 on Good Health and Well-being and contributes to progress across the wider SDG framework.Advancing UHC in 2025:Report: The 2025 Global Universal Health Coverage Monitoring Report highlights that, despite some progress in service coverage and reduced financial hardship, billions still lack essential health care, and global efforts remain too slow to achieve UHC by 2030.Learning on TAP: On 12 December 2025, WHO Academy launched Learning on TAP, an open-access blended learning resource in Lyon, France, to train primary health care workers in assistive technology and sensory care.
International Universal Health Coverage Day 2025 – December 12The United Nations (UN’s) International Universal Health Coverage (UHC) Day is annually observed across the globe on 12th December to raise awareness about the need for strong, resilient health systems and accessible, affordable, high-quality health services for all without financial hardship.2025 Theme: “Unaffordable health costs? We’re sick of it!”Background: Initiation: In 2014, the UHC Coalition began observing December 12 as UHC Day to mark the UN General Assembly(UNGA)’s recognition of the importance of UHC.UN Declaration: In 2017, the UNGA adopted resolution A/RES/72/138, officially designating December 12 as “International UHC Day” to be observed annually.First Observance: The first International UHC Day was celebrated on 12 December 2018. SDG Link: UHC, included under Sustainable Development Goals (SDGs) Target 3.8 for 2015–2030, is a key component of SDG 3 on Good Health and Well-being and contributes to progress across the wider SDG framework.Advancing UHC in 2025:Report: The 2025 Global Universal Health Coverage Monitoring Report highlights that, despite some progress in service coverage and reduced financial hardship, billions still lack essential health care, and global efforts remain too slow to achieve UHC by 2030.Learning on TAP: On 12 December 2025, WHO Academy launched Learning on TAP, an open-access blended learning resource in Lyon, France, to train primary health care workers in assistive technology and sensory care.
International Universal Health Coverage Day 2025 – December 12The United Nations (UN’s) International Universal Health Coverage (UHC) Day is annually observed across the globe on 12th December to raise awareness about the need for strong, resilient h...
International Day of Neutrality 2025 – December 12The United Nations (UN)’s International Day of Neutrality (IDN) is annually observed across the globe on 12th December to highlight the importance of neutrality in international relations and support peace, diplomacy, and security worldwide.What? International Day of Neutrality 2025When? December 12Adoption: UNGA Resolution A/RES/71/275 on 2 February 2017Proposed by: TurkmenistanFirst observed : December 12, 2017Purpose: Promote neutrality, peace, diplomacy, and security.Background:Adoption: On 2 February 2017, the UN General Assembly(UNGA) adopted Resolution A/RES/71/275, introduced by Turkmenistan, designating 12 December each year as the IDN.The UN has recognized Turkmenistan as a permanently neutral state since 12 December 1995. First Observance: The first IDN was observed on 12 December 2017.About Neutrality:Meaning: Neutrality refers to a state’s decision to stay out of conflicts between other countries, and maintaining an unbiased position recognized by all parties is vital for the UN to uphold global trust.Examples: Switzerland is widely recognized for its neutrality, and India has similarly maintained a neutral approach in global affairs, choosing not to align with either the United States of America(USA) or the Soviet Union during the Cold War.Reaffirming UN Charter Duties: Resolution 71/275 restates Article 2 obligations for member states to settle disputes peacefully and avoid the threat or use of force.UN Tools: Neutrality is strengthened through three UN tools: preventive diplomacy to avert conflicts early, mediation to help disputing parties reach compromise, and peacemaking to promote political solutions in coordination with regional organizations.About United Nations(UN):Secretary general– António GuterresHeadquarters – New York, the United States of AmericaEstablished– 1945
International Day of Neutrality 2025 – December 12The United Nations (UN)’s International Day of Neutrality (IDN) is annually observed across the globe on 12th December to highlight the importance of neutrality in international relations and support peace, diplomacy, and security worldwide.What? International Day of Neutrality 2025When? December 12Adoption: UNGA Resolution A/RES/71/275 on 2 February 2017Proposed by: TurkmenistanFirst observed : December 12, 2017Purpose: Promote neutrality, peace, diplomacy, and security.Background:Adoption: On 2 February 2017, the UN General Assembly(UNGA) adopted Resolution A/RES/71/275, introduced by Turkmenistan, designating 12 December each year as the IDN.The UN has recognized Turkmenistan as a permanently neutral state since 12 December 1995. First Observance: The first IDN was observed on 12 December 2017.About Neutrality:Meaning: Neutrality refers to a state’s decision to stay out of conflicts between other countries, and maintaining an unbiased position recognized by all parties is vital for the UN to uphold global trust.Examples: Switzerland is widely recognized for its neutrality, and India has similarly maintained a neutral approach in global affairs, choosing not to align with either the United States of America(USA) or the Soviet Union during the Cold War.Reaffirming UN Charter Duties: Resolution 71/275 restates Article 2 obligations for member states to settle disputes peacefully and avoid the threat or use of force.UN Tools: Neutrality is strengthened through three UN tools: preventive diplomacy to avert conflicts early, mediation to help disputing parties reach compromise, and peacemaking to promote political solutions in coordination with regional organizations.About United Nations(UN):Secretary general– António GuterresHeadquarters – New York, the United States of AmericaEstablished– 1945
International Day of Neutrality 2025 – December 12The United Nations (UN)’s International Day of Neutrality (IDN) is annually observed across the globe on 12th December to highlight the importance of neutrality in international relations and support ...
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Former Union Minister Shivraj Patil Passed AwayIn December 2025, senior Indian National Congress (INC) leader and former Union Minister Shivraj Vishwanath Patil Chakurkar, Ministry of Home Affairs (MHA), passed away in Latur, Maharashtra, at the age of 90.He was born on October 12, 1935, in Chakur, Hyderabad State, British India (present-day Maharashtra, India).What? Former Union Minister Shivraj Patil Passed AwayWhere? Latur, MaharashtraParty: Indian National Congress(INC)Key Roles: Union Home Minister(2004-2008), 10th Speaker of Lok Sabha (1991-1996), Governor of Punjab & Administrator of Chandigarh(2010-2015)About Shivraj Patil:Legacy: He was known for his constitutional expertise, disciplined conduct, and fluency in Marathi, Hindi, and English,Political Journey: He began his political career as the Municipal Council Chief of Latur before entering state politics.State Politics: Served two terms in the Maharashtra Legislative Assembly (1972–1979), during which he held roles such as Chairman of the Public Undertakings Committee, and later served as both Deputy Speaker and Speaker of the Assembly.Parliament Tenure: Entered national politics by winning the 7th Lok Sabha seat from Latur in 1980 and served seven consecutive terms until 2004, during which he chaired the Joint Committee on Salaries and Allowances of Member of Parliaments(MPs) and served as the 10th Speaker of the Lok Sabha (1991–1996).Union Roles: Held several Minister of State (MoS) portfolios across Defence, Commerce, Science & Technology, Atomic Energy, Personnel & Training, Civil Aviation, Tourism, and later served as Union Home Minister from 2004 to 2008.Governorship: Served as Governor of Punjab and Administrator of the Union Territory(UT) of Chandigarh (2010–2015).
Former Union Minister Shivraj Patil Passed AwayIn December 2025, senior Indian National Congress (INC) leader and former Union Minister Shivraj Vishwanath Patil Chakurkar, Ministry of Home Affairs (MHA), passed away in Latur, Maharashtra, at the age of 90.He was born on October 12, 1935, in Chakur, Hyderabad State, British India (present-day Maharashtra, India).What? Former Union Minister Shivraj Patil Passed AwayWhere? Latur, MaharashtraParty: Indian National Congress(INC)Key Roles: Union Home Minister(2004-2008), 10th Speaker of Lok Sabha (1991-1996), Governor of Punjab & Administrator of Chandigarh(2010-2015)About Shivraj Patil:Legacy: He was known for his constitutional expertise, disciplined conduct, and fluency in Marathi, Hindi, and English,Political Journey: He began his political career as the Municipal Council Chief of Latur before entering state politics.State Politics: Served two terms in the Maharashtra Legislative Assembly (1972–1979), during which he held roles such as Chairman of the Public Undertakings Committee, and later served as both Deputy Speaker and Speaker of the Assembly.Parliament Tenure: Entered national politics by winning the 7th Lok Sabha seat from Latur in 1980 and served seven consecutive terms until 2004, during which he chaired the Joint Committee on Salaries and Allowances of Member of Parliaments(MPs) and served as the 10th Speaker of the Lok Sabha (1991–1996).Union Roles: Held several Minister of State (MoS) portfolios across Defence, Commerce, Science & Technology, Atomic Energy, Personnel & Training, Civil Aviation, Tourism, and later served as Union Home Minister from 2004 to 2008.Governorship: Served as Governor of Punjab and Administrator of the Union Territory(UT) of Chandigarh (2010–2015).
Former Union Minister Shivraj Patil Passed AwayIn December 2025, senior Indian National Congress (INC) leader and former Union Minister Shivraj Vishwanath Patil Chakurkar, Ministry of Home Affairs (MHA), passed away in Latur, Maharashtra, at the age ...
India to Host Inaugural Commonwealth Kho Kho Championship in March 2026In December 2025, the Commonwealth Sports granted its approval for India to host the 1st ever edition of Commonwealth Kho Kho Championship from March 09 to 14, 2026.This announcement marks a major milestone for India in the field of sports globally after Ahmedabad was officially declared as the host city for the 2030 Commonwealth Games (2030 CWG).What? India to Host Kho Kho Championship 2026Granted by: Commonwealth SportEdition: 1stDates: From March 09, 2026 to March 14, 2026Participants: 24 Commonwealth NationsTeams: 16 teams each in men’s and women’s categoryAbout Kho Kho Championship:Participants: The inaugural Kho Kho Championship is expected to witness participation from over 24 Commonwealth Nations, featuring 16 men’s and 16 women’s teams.Next Major Event: The Championship marks the next key milestone in Indian Kho Kho, after the first World Cup held in New Delhi(Delhi) in January 2025.
India to Host Inaugural Commonwealth Kho Kho Championship in March 2026In December 2025, the Commonwealth Sports granted its approval for India to host the 1st ever edition of Commonwealth Kho Kho Championship from March 09 to 14, 2026.This announcement marks a major milestone for India in the field of sports globally after Ahmedabad was officially declared as the host city for the 2030 Commonwealth Games (2030 CWG).What? India to Host Kho Kho Championship 2026Granted by: Commonwealth SportEdition: 1stDates: From March 09, 2026 to March 14, 2026Participants: 24 Commonwealth NationsTeams: 16 teams each in men’s and women’s categoryAbout Kho Kho Championship:Participants: The inaugural Kho Kho Championship is expected to witness participation from over 24 Commonwealth Nations, featuring 16 men’s and 16 women’s teams.Next Major Event: The Championship marks the next key milestone in Indian Kho Kho, after the first World Cup held in New Delhi(Delhi) in January 2025.
India to Host Inaugural Commonwealth Kho Kho Championship in March 2026In December 2025, the Commonwealth Sports granted its approval for India to host the 1st ever edition of Commonwealth Kho Kho Championship from March 09 to 14, 2026.This announcem...
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TIME Magazine Named ‘Architects of AI’ as 2025 Person of the YearIn December 2025, TIME magazine named the “Architects of Artificial Intelligence (AI)” as its Person of the Year for 2025, recognising the individuals who designed, developed, and advanced modern AI technologies.What? TIME’s Person of the Year for 2025.Recipient: ‘Architects of AI’ (a group of individuals).Key Individuals: Jensen Huang, Sam Altman, Elon Musk, Mark Zuckerberg, Lisa Su, Demis Hassabis, Dario Amodei and Fei-Fei LiReason for Selection: AI’s mainstream adoption and rapid global impact in 2025Covers: AI-themed illustration and Lunch Atop a Skyscraper.About TIME Person of the Year 2025Transformative Year: 2025 emerged as the tipping point when AI entered the mainstream and began reshaping information systems, economies, geopolitics, science, and consumer technology.Collective Recognition: TIME honored the “Architects of AI” as a collective in 2025, a year that marked AI’s transition from experimental use to broad consumer adoption.Key Individuals Featured:Jensen Huang – Chief Executive Officer (CEO), Nvidia CorporationMark Zuckerberg – CEO, Meta PlatformsElon Musk – Founder, xAI; CEO, TeslaSam Altman – CEO, OpenAILisa Su – CEO, Advanced Micro Devices (AMD)Demis Hassabis – CEO, Google DeepMindDario Amodei – CEO, AnthropicFei-Fei Li – AI pioneer; Founder, World LabsIconic Covers: The 2025 TIME cover featured two designs, one depicting eight AI leaders in a “Lunch Atop a Skyscraper” style, and another creatively integrating the letters “AI” into technological scaffolding.Legacy of Honorees: Since 1927, TIME’s Person of the Year has recognized influential figures and groups, including Donald Trump (2024), Taylor Swift (2023).
TIME Magazine Named ‘Architects of AI’ as 2025 Person of the YearIn December 2025, TIME magazine named the “Architects of Artificial Intelligence (AI)” as its Person of the Year for 2025, recognising the individuals who designed, developed, and advanced modern AI technologies.What? TIME’s Person of the Year for 2025.Recipient: ‘Architects of AI’ (a group of individuals).Key Individuals: Jensen Huang, Sam Altman, Elon Musk, Mark Zuckerberg, Lisa Su, Demis Hassabis, Dario Amodei and Fei-Fei LiReason for Selection: AI’s mainstream adoption and rapid global impact in 2025Covers: AI-themed illustration and Lunch Atop a Skyscraper.About TIME Person of the Year 2025Transformative Year: 2025 emerged as the tipping point when AI entered the mainstream and began reshaping information systems, economies, geopolitics, science, and consumer technology.Collective Recognition: TIME honored the “Architects of AI” as a collective in 2025, a year that marked AI’s transition from experimental use to broad consumer adoption.Key Individuals Featured:Jensen Huang – Chief Executive Officer (CEO), Nvidia CorporationMark Zuckerberg – CEO, Meta PlatformsElon Musk – Founder, xAI; CEO, TeslaSam Altman – CEO, OpenAILisa Su – CEO, Advanced Micro Devices (AMD)Demis Hassabis – CEO, Google DeepMindDario Amodei – CEO, AnthropicFei-Fei Li – AI pioneer; Founder, World LabsIconic Covers: The 2025 TIME cover featured two designs, one depicting eight AI leaders in a “Lunch Atop a Skyscraper” style, and another creatively integrating the letters “AI” into technological scaffolding.Legacy of Honorees: Since 1927, TIME’s Person of the Year has recognized influential figures and groups, including Donald Trump (2024), Taylor Swift (2023).
TIME Magazine Named ‘Architects of AI’ as 2025 Person of the YearIn December 2025, TIME magazine named the “Architects of Artificial Intelligence (AI)” as its Person of the Year for 2025, recognising the individuals who designed, developed, and advan...
OPTCL Secured Rs 1,685 Crore Loan from NABARD for Power Infrastructure in OdishaIn December 2025, Odisha Power Transmission Corporation Limited (OPTCL) signed a long-term loan agreement worth Rs 1,685.27 crore with the National Bank for Agriculture and Rural Development (NABARD) to enhance the state’s power infrastructure and provide reliable electricity to industries and consumers.This marks NABARD’s first project financing to a State Public Sector Undertaking (PSU) in Odisha.What? MoU signed for a long-term loan for Power InfrastructureEntities: Odisha Power Transmission Corporation Limited (OPTCL) and NABARDLoan Amount: Rs 1,685.27 croreInterest Rate: 7.75% per annumTenure: 15 years, first 3 years as moratoriumPurpose: Rs 900 crore for new transmission projects; remaining for swapping high-cost loansAbout the Loan and Projects:Loan Terms: The loan is offered at 7.75% interest with a 15-year repayment tenure, including a three-year moratorium.Allocation: The loan allocates Rs 900 crore for new transmission projects, while the remaining amount will refinance existing high-cost loans to lower OPTCL’s financial burden and consumer tariffs.Projects in Odisha: Erasama GIS: Rs 900 crore will fund the 400/200 Kilovolt (KV) Gas Insulated Substation (GIS) at Erasama in Jagatsinghpur district, a project costing Rs 850 crore with Rs 600 crore financed through the NABARD loan.New Substations: The allocation includes construction of 132/33 KV digital substations at Agalpur-Rampur (Balangir) and Athamallik (Angul), along with a 220/33 KV GIS at Madanpur-Rampur (Kalahandi).Transmission Line: Funds will also support the 400 KV Talcher–Meramandali transmission line, costing Rs 77 crore, to evacuate power from the National Thermal Power Corporation (NTPC) Talcher Thermal Power Station Stage-III (2×660 Megawatt, MW).Impact: The investment strengthens Odisha’s transmission network, ensures reliable power supply, and supports industrial and economic development across Odisha.
OPTCL Secured Rs 1,685 Crore Loan from NABARD for Power Infrastructure in OdishaIn December 2025, Odisha Power Transmission Corporation Limited (OPTCL) signed a long-term loan agreement worth Rs 1,685.27 crore with the National Bank for Agriculture and Rural Development (NABARD) to enhance the state’s power infrastructure and provide reliable electricity to industries and consumers.This marks NABARD’s first project financing to a State Public Sector Undertaking (PSU) in Odisha.What? MoU signed for a long-term loan for Power InfrastructureEntities: Odisha Power Transmission Corporation Limited (OPTCL) and NABARDLoan Amount: Rs 1,685.27 croreInterest Rate: 7.75% per annumTenure: 15 years, first 3 years as moratoriumPurpose: Rs 900 crore for new transmission projects; remaining for swapping high-cost loansAbout the Loan and Projects:Loan Terms: The loan is offered at 7.75% interest with a 15-year repayment tenure, including a three-year moratorium.Allocation: The loan allocates Rs 900 crore for new transmission projects, while the remaining amount will refinance existing high-cost loans to lower OPTCL’s financial burden and consumer tariffs.Projects in Odisha: Erasama GIS: Rs 900 crore will fund the 400/200 Kilovolt (KV) Gas Insulated Substation (GIS) at Erasama in Jagatsinghpur district, a project costing Rs 850 crore with Rs 600 crore financed through the NABARD loan.New Substations: The allocation includes construction of 132/33 KV digital substations at Agalpur-Rampur (Balangir) and Athamallik (Angul), along with a 220/33 KV GIS at Madanpur-Rampur (Kalahandi).Transmission Line: Funds will also support the 400 KV Talcher–Meramandali transmission line, costing Rs 77 crore, to evacuate power from the National Thermal Power Corporation (NTPC) Talcher Thermal Power Station Stage-III (2×660 Megawatt, MW).Impact: The investment strengthens Odisha’s transmission network, ensures reliable power supply, and supports industrial and economic development across Odisha.
OPTCL Secured Rs 1,685 Crore Loan from NABARD for Power Infrastructure in OdishaIn December 2025, Odisha Power Transmission Corporation Limited (OPTCL) signed a long-term loan agreement worth Rs 1,685.27 crore with the National Bank for Agriculture a...
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World Bank Approves Financing USD 600 million for Clean Air Programs in UP and HaryanaIn December 2025, the World Bank(WB) Board of Executive Directors approved about USD 600 million in financing for two multi-sectoral clean air programs in Uttar Pradesh (UP) and Haryana to improve air quality for nearly 270 million people across the Indo-Gangetic Plains and Himalayan Foothills (IGP-HF) under the Regional Air Quality Management Program (RAQMP).Uttar Pradesh Clean Air Management Program (UPCAMP):Financing: Total financing of USD 299.66 million with a loan maturity of 10 years and a 2-year grace period.Approach: Adopts an airshed approach to coordinate with neighboring states and control transboundary emissions.Clean Transport: Introduces 15,000 electric three-wheelers and 500 electric buses in the districts of UP such as Lucknow, Kanpur, Varanasi, and Gorakhpur.Haryana Clean Air Project for Sustainable Development (HCAPSD):Financing: The total project cost is Rs 3,646 crore, including USD 300 million from the World Bank, Haryana’s contribution of Rs 1,065 crore, and grant support of Rs 83 crore, with a loan maturity of 23.5 years and a 6-year grace period.Implementing Agency: Coordinated by ARJUN (Artificial Intelligence (AI) for Resilient Jobs, Urban Air Quality & Next-Gen Skills Council), a special purpose vehicle chaired by Rajesh Khullar.Clean Transport: Deploys 500 electric buses in Haryana across Gurugram, Faridabad, Sonipat, and Jhajjar, supports electric three-wheelers, and establishes 200 Electric Vehicle (EV) charging stations.About Uttar Pradesh (UP):Chief Minister (CM) – Yogi AdityanathGovernor – Anandiben Mafatbhai PatelCapital – LucknowWildlife Sanctuary (WLS) – Ranipur WLS, Chandraprabha WLS
World Bank Approves Financing USD 600 million for Clean Air Programs in UP and HaryanaIn December 2025, the World Bank(WB) Board of Executive Directors approved about USD 600 million in financing for two multi-sectoral clean air programs in Uttar Pradesh (UP) and Haryana to improve air quality for nearly 270 million people across the Indo-Gangetic Plains and Himalayan Foothills (IGP-HF) under the Regional Air Quality Management Program (RAQMP).Uttar Pradesh Clean Air Management Program (UPCAMP):Financing: Total financing of USD 299.66 million with a loan maturity of 10 years and a 2-year grace period.Approach: Adopts an airshed approach to coordinate with neighboring states and control transboundary emissions.Clean Transport: Introduces 15,000 electric three-wheelers and 500 electric buses in the districts of UP such as Lucknow, Kanpur, Varanasi, and Gorakhpur.Haryana Clean Air Project for Sustainable Development (HCAPSD):Financing: The total project cost is Rs 3,646 crore, including USD 300 million from the World Bank, Haryana’s contribution of Rs 1,065 crore, and grant support of Rs 83 crore, with a loan maturity of 23.5 years and a 6-year grace period.Implementing Agency: Coordinated by ARJUN (Artificial Intelligence (AI) for Resilient Jobs, Urban Air Quality & Next-Gen Skills Council), a special purpose vehicle chaired by Rajesh Khullar.Clean Transport: Deploys 500 electric buses in Haryana across Gurugram, Faridabad, Sonipat, and Jhajjar, supports electric three-wheelers, and establishes 200 Electric Vehicle (EV) charging stations.About Uttar Pradesh (UP):Chief Minister (CM) – Yogi AdityanathGovernor – Anandiben Mafatbhai PatelCapital – LucknowWildlife Sanctuary (WLS) – Ranipur WLS, Chandraprabha WLS
World Bank Approves Financing USD 600 million for Clean Air Programs in UP and HaryanaIn December 2025, the World Bank(WB) Board of Executive Directors approved about USD 600 million in financing for two multi-sectoral clean air programs in Uttar Pra...
RBI Data: India’s Banking Sector Hits 20-Year NPA Low; Records Strongest Profit SurgeIndia’s banking sector has achieved a historic milestone, recording its lowest level of Gross Non-Performing Assets (GNPAs) in 20 years, which declined from 11.46% (in 2018) to 2.31% (by March 2025), the lowest in 20 years.This decline was mainly driven by robust macro-economic fundamentals boosting the Indian banking and Non-Banking Financial (NBFC) sectors.Similarly, Net NPA (NNPA) ratio dropped its lowest in the last 2 decades i.e. to 0.52% compared to 6.1% (in 2018), driven by stronger provision buffers.Key Findings:GNPA of PSBs and SCBs: As per the official data, GNPAs of Public Sector Banks (PSBs) declined from 9.11% (March 2021) to 2.58% (March 2025).NNPAs of PSBs: The data also showed that NNPAs of PSBs decreased from 1.24% in Financial Year 2022-23 (FY23) to 0.52% (in FY25).Bank Deposits and Credit Tripled: The data showed that domestic deposits and credits have nearly tripled in the last 10 years, with deposits increasing from Rs 88.35 lakh crore (2015) to Rs 231.90 lakh crore (2025) and credit rising from Rs 66.91 lakh crore (2015) to Rs 181.34 lakh crore (2025). Banks Profitability: The total business of PSBs increased from Rs 203 lakh crore in Financial Year 22-23 (FY23) to Rs 252 lakh crore (FY25). The net profit of these banks surged from Rs 1.05 lakh crore to Rs 1.78 lakh crore during the same time period.SCBs Profit: SCBs registered their highest ever aggregate net profit of Rs 4.01 lakh crore (in FY25 ) over Rs 3.5 lakh crore (in FY24).
RBI Data: India’s Banking Sector Hits 20-Year NPA Low; Records Strongest Profit SurgeIndia’s banking sector has achieved a historic milestone, recording its lowest level of Gross Non-Performing Assets (GNPAs) in 20 years, which declined from 11.46% (in 2018) to 2.31% (by March 2025), the lowest in 20 years.This decline was mainly driven by robust macro-economic fundamentals boosting the Indian banking and Non-Banking Financial (NBFC) sectors.Similarly, Net NPA (NNPA) ratio dropped its lowest in the last 2 decades i.e. to 0.52% compared to 6.1% (in 2018), driven by stronger provision buffers.Key Findings:GNPA of PSBs and SCBs: As per the official data, GNPAs of Public Sector Banks (PSBs) declined from 9.11% (March 2021) to 2.58% (March 2025).NNPAs of PSBs: The data also showed that NNPAs of PSBs decreased from 1.24% in Financial Year 2022-23 (FY23) to 0.52% (in FY25).Bank Deposits and Credit Tripled: The data showed that domestic deposits and credits have nearly tripled in the last 10 years, with deposits increasing from Rs 88.35 lakh crore (2015) to Rs 231.90 lakh crore (2025) and credit rising from Rs 66.91 lakh crore (2015) to Rs 181.34 lakh crore (2025). Banks Profitability: The total business of PSBs increased from Rs 203 lakh crore in Financial Year 22-23 (FY23) to Rs 252 lakh crore (FY25). The net profit of these banks surged from Rs 1.05 lakh crore to Rs 1.78 lakh crore during the same time period.SCBs Profit: SCBs registered their highest ever aggregate net profit of Rs 4.01 lakh crore (in FY25 ) over Rs 3.5 lakh crore (in FY24).
RBI Data: India’s Banking Sector Hits 20-Year NPA Low; Records Strongest Profit SurgeIndia’s banking sector has achieved a historic milestone, recording its lowest level of Gross Non-Performing Assets (GNPAs) in 20 years, which declined from 11.46% (...
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RBI Issues guidelines on Transaction account across 7 categories of regulated entitiesOn December 11, 2025 the Reserve Bank of India (RBI) released the final directions on ‘Maintenance of Cash Credit Accounts, Current Accounts and Overdraft Accounts by Banks’, introducing key relaxations while maintaining the overall principle-based framework.The draft norms, which were issued on October 1, covered transaction account operations across seven categories of regulated entities, including Commercial Banks (CB), Small Finance Banks (SFB), Payments Banks (PB), Local Area Banks (LAB), Regional Rural Banks (RRBs) and Co-operative Banks.What? RBI issued transaction account directionsEntities covered: CB, SFB, PB, LAB, RRB and Co-operative bankEffective from: April 1, 2026CC Account: No restrictions in providing oneCA&OD Account: Exposure < Rs 10 Cr: No restrictionExposure >= Rs 10 Cr: Only if bank hold at least 10% of total or fund-based system exposureExposure < Rs 10 Cr: No restrictionExposure >= Rs 10 Cr: Only if bank hold at least 10% of total or fund-based system exposureKey HighlightsCash Credit (CC) Account Exclusion: The RBI acknowledged that CC facilities function differently from current and overdraft accounts as it is mainly a working-capital facility tied to the value of the borrower’s current assets.Therefore, the Banks can now provide such CC facilities as per the needs of the customer, without any restriction.Effective from: The amendments shall come into force from April 1,2026. Banks may however decide to implement the amendments in entirety from an earlier date.Current Account (CA) and Over Draft (OD) AccountExposure less than Rs 10 Crores (Cr): A bank may maintain a CA or OD account without any restriction in case of customers where the aggregate exposure of the banking system to the customer is less than Rs 10 Cr.Exposure more than Rs 10 Cr: A bank may maintain current accounts or OD accounts as per the needs of the customer provided that the bank has either:A minimum 10% share in banking system’s aggregate exposure to the borrower; orA minimum 10% share in the banking system’s aggregate fund-based exposure to the borrower.Other Key HighlightsRemittance Window: Despite stakeholders request for a longer remittance window, the requirement to transfer funds from collection account to designated transaction accounts (CC/OD/CA) within two working days remains unchanged.About the Reserve Bank of India (RBI):Governor – Sanjay MalhotraHeadquarters – Mumbai, MaharashtraEstablished – 1st April, 1935
World Inequality Report 2026: Top 10% Indian Population Accounts for 58% of National IncomeIn December 2025, World Inequality Lab (WIL) released the 3rd edition of the World Inequality Report(WIR 2026), tracking the evolution of economic disparities. According to the report, the top 10% of earners in India capture 58% of total income, while the bottom 50% share only 15%, highlighting extreme income disparity.In India, the top 10% own around 65% of total wealth, with the top 1% holding about 40%. The average per capita income is approximately 6,200 euros (PPP), and average wealth is about 28,000 euros.Women in India earn only 18% of labor income and have low workforce participation, below global averages of 34% income and 51% employment.Highlights of WIR 2026 Report:Global Inequality: The global inequality remains high, with 10% earning more than the bottom 90% combined and owing about 75% of global wealth. The bottom 50% hold just 2%.Climate Inequality: The poorest 50% of the world produce only 3% of emissions from private capital and 10% of emissions from consumption. The richest 10% produce 77% of emissions from private capital and 47% of consumption-based emissions.The top 1% alone are responsible for 41% of private capital emissions, almost twice as much as the entire bottom 90% combined.Gender Inequality: Globally, women receive just over 25% of total labor income, encompassing Middle East & North Africa(MENA) (16%), South & Southeast Asia (20%), Sub-Saharan Africa (28%), East Asia (34%), Europe, North America & Oceania, Russia & Central Asia (40%).Women earn much less than men when paid and unpaid work are included. Women earn 32% of men’s earnings per hour including unpaid care or domestic work and 61% when unpaid work is excluded.
World Inequality Report 2026: Top 10% Indian Population Accounts for 58% of National IncomeIn December 2025, World Inequality Lab (WIL) released the 3rd edition of the World Inequality Report(WIR 2026), tracking the evolution of economic disparities. According to the report, the top 10% of earners in India capture 58% of total income, while the bottom 50% share only 15%, highlighting extreme income disparity.In India, the top 10% own around 65% of total wealth, with the top 1% holding about 40%. The average per capita income is approximately 6,200 euros (PPP), and average wealth is about 28,000 euros.Women in India earn only 18% of labor income and have low workforce participation, below global averages of 34% income and 51% employment.Highlights of WIR 2026 Report:Global Inequality: The global inequality remains high, with 10% earning more than the bottom 90% combined and owing about 75% of global wealth. The bottom 50% hold just 2%.Climate Inequality: The poorest 50% of the world produce only 3% of emissions from private capital and 10% of emissions from consumption. The richest 10% produce 77% of emissions from private capital and 47% of consumption-based emissions.The top 1% alone are responsible for 41% of private capital emissions, almost twice as much as the entire bottom 90% combined.Gender Inequality: Globally, women receive just over 25% of total labor income, encompassing Middle East & North Africa(MENA) (16%), South & Southeast Asia (20%), Sub-Saharan Africa (28%), East Asia (34%), Europe, North America & Oceania, Russia & Central Asia (40%).Women earn much less than men when paid and unpaid work are included. Women earn 32% of men’s earnings per hour including unpaid care or domestic work and 61% when unpaid work is excluded.
World Inequality Report 2026: Top 10% Indian Population Accounts for 58% of National IncomeIn December 2025, World Inequality Lab (WIL) released the 3rd edition of the World Inequality Report(WIR 2026), tracking the evolution of economic disparities....
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