24th October 2025 Daily Current Affairs
🇮🇳 India & National
1. Military hardware acquisition approved
The Defence Acquisition Council (DAC) has approved procurement projects worth approximately ₹ 79,000 crore for the three services.
Why this is significant: This marks a large push to modernise defence capabilities in India, aligning with broader strategic objectives.
Implications: Potential improvements in indigenous manufacturing, procurement processes, and perhaps boost to defence industry.
2. Preparations for India’s human spaceflight mission near completion
Indian Space Research Organisation (ISRO) Chairman announced that around 90% of preparations for the uncrewed mission of the Gaganyaan‑G1 (uncrewed test) have been completed.
Why important: India moving steadily towards a crewed/advanced human spaceflight capability.
Watch-out: Dates for launch, astronaut training, risk-factors in human spaceflight.
3. Nomination provisions under major banking laws to take effect
Key nomination-related provisions of the Banking Laws (Amendment) Act, 2025 will come into force from 1 November 2025.
Why it matters: It affects governance and succession rules in banks and banking entities—important for finance sector stability.
Implication: Banks and stakeholders need to align policies; customers may need to check nomination status.
4. Schools reopening / holiday status
Many schools in northern states (e.g., Delhi, Uttar Pradesh, Punjab, Haryana, Himachal Pradesh) are set to reopen on 24 October after extended holidays.
Why relevant: Education schedule affected by festivals/weather; regional planning.
Note: If you’re in Jammu & Kashmir, there’s mention that schools are on holiday till early November.
5. India’s stance on Middle East peace process
India welcomed the US-led initiative on a peace pact in Gaza, calling it a momentum-builder for regional peace.
Why it matters: Foreign policy update; India engaging on global peace efforts.
Context: Highlights India’s voice in Middle East diplomacy as well.
🌍 Global / International
6. Global markets and economic spotlight
Global markets are taking a brief breather, with focus shifting to the upcoming Asia‑Pacific Economic Cooperation (APEC) CEO Summit and a crucial US core CPI (Consumer Price Index) release.
Why this matters: The inflation data and summit (including a meeting between Donald Trump & Xi Jinping) will have implications for trade, monetary policy, global growth.
Implication for India/others: Global macro trends (inflation, trade) impact export-led economies and capital flows.
7. India opting for virtual presence at ASEAN summit
Narendra Modi will attend the India-ASEAN & East Asia Summits virtually (in Malaysia) instead of in person.
Why significant: Indicates diplomatic strategy and perhaps constraints (schedule/trade negotiations).
Implication: May affect possibilities of bilateral meetings, especially given pressing trade talks with US.
