30th October 2025 Daily Current Affairs
🇮🇳 India & National
1. Large maritime investment initiative
Narendra Modi launched maritime-sector initiatives worth around â‚ą 2.2 lakh crore to boost shipbuilding and port efficiency in India.
– Why this matters: Ports and shipbuilding are essential for trade, logistics and India’s “blue economy” ambitions; improved infrastructure also supports export growth and strategic reach.
– Implication: Expect increased private-sector participation, possibly more jobs in coastal regions, and better global competitiveness of Indian maritime trade.
2. Export-rebate review panel constituted
– The government has set up a committee chaired by Neeraj Kumar Gupta to review and rationalise export-rebate rates under two key schemes: RoDTEP (Remission of Duties & Taxes on Exported Products) and RoSCTL (Rebate of State & Central Taxes and Levies).
– Why it matters: These schemes affect India’s export competitiveness and trade policy; rationalisation implies changes in cost structure for exporters.
– Implication: Export-oriented industries should monitor potential changes; trade-policy analysts will watch how cost advantages shift.
3. Gold prices rise in India amid global cues
– India’s gold rates rose on 30 October as international bullion markets reacted to events including the Federal Reserve’s policy stand.
– Why important: Reflects how external macro-policy (US interest rates, global inflation) can impact Indian financial markets and commodities.
– Implication: For consumers & investors: higher gold price means greater cost for purchases; for monetary/financial policy watchers: indicates capital flows and safe-haven demand.
4. Trade & diplomacy update
– S. Jaishankar, India’s External Affairs Minister, emphasised strengthening ties with Cyprus and the European Union, particularly referencing the India–Cyprus Joint Action Plan 2025-29.
– Why relevant: Shows India’s diplomacy focus on smaller states (Cyprus) and major blocs (EU) in parallel; diversification of strategic and economic partnerships.
– Implication: Potential enhanced cooperation across sectors—trade, maritime, technology—with Cyprus/EU; may impact regional alignments.
