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Daily Current Affairs – 4 December, 2025

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    Supreme Court on Rohingya Deportation Case

    In News 

  • The Supreme Court heard a habeas corpus petition by activists alleging disappearance of several Rohingya persons who were in Delhi Police custody since May.

    • Rohingya

  • They are a muslim ethnic group living mainly in Myanmar’s Rakhine state. 
  • They speak a dialect of Bengali rather than Burmese. 
  • Although they have lived in Myanmar for generations, the government regards them as descendants of colonial-era migrants and denies them full citizenship.
  • Under Myanmar’s 1982 citizenship law, Rohingya can obtain citizenship only by proving their ancestors lived in the country before 1823; otherwise, they are classified as resident foreigners or associate citizens, even if one parent is Myanmar-born.
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    Banking Laws (Amendment) Act, 2025

    Context

  • India's banking sector has undergone a remarkable transformation, and Banking Laws (Amendment) Act, 2025 is a step towards strengthening governance standards in the banking sector.

    • Need for the Banking Amendment Act, 2025

  • Rising Unclaimed Deposits:  A substantial amount in banks remains unclaimed due to the absence of nominees. The Act addresses this challenge by establishing a structured, seamless succession mechanism.
  • Expanding Financial Inclusion: As more households enter the formal banking system, the complexity of services rises.
  • Modern frameworks are needed to handle the scale, technology adoption, and increased transaction volumes.
  • Clarity and Uniformity in Banking Operations: Establishes uniform terminology for smoother integration with emerging technologies.
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    India Committed to Idea of Open and Rules-based Oceans

    Context

  • President Droupadi Murmu said that India is committed to the idea of the oceans remaining “open, stable and rules-based” drawing attention to the strategic and critical importance of the Indian Ocean Region as a maritime space.

    • About

  • The Indian Ocean Region is a conduit for global energy supplies and trade. Being positioned at its centre, India bears a special responsibility.
  • By securing sea routes, protecting marine resources, preventing illegal activities, and supporting maritime research, the Navy strengthens the vision of safe, prosperous, and sustainable oceans,”.
  • The President observed that modernisation is crucial for the combat readiness of the armed force.
    • Read More

    ‘Persistent & Systemic Challenges’ Undermine IBC’s Full Potential: Parliamentary Committee

    Context

  • Recently, the Parliamentary Standing Committee on Finance, in its report ‘Review of Working of Insolvency and Bankruptcy Code and Emerging Issues’, warned that systemic inefficiencies and structural delays are undermining India’s Insolvency and Bankruptcy Code (IBC) effectiveness.

    • About Insolvency and Bankruptcy Code (IBC)

  • It was enacted in 2016, at a time when mounting non-performing assets (NPAs) and ineffective recovery mechanisms — such as SARFAESI, Lok Adalats, and Debt Recovery Tribunals — were weakening the banking system.
  • It replaced the older debtor-in-possession model like the Sick Industrial Companies Act (SICA) with a creditor-in-control approach, ensuring that financial creditors lead the resolution process.
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    R&D Roadmap for CCUS to Achieve India’s Net-Zero Targets Launched

    Context

  • The first of its kind R&D Roadmap to Enable India’s Net Zero Targets through Carbon Capture, Utilization and Storage (CCUS) was launched.

    • About

  • It is prepared by the Department of Science and Technology (DST).
  • The roadmap highlights the need for supportive frameworks—including skilled human capital, regulatory and safety standards, and early-shared infrastructure. 
  • It also provides strategic guidance on thematic priorities and funding pathways needed to accelerate CCUS development.
    • Read More

    News In Short 4-12-2025

    In News

  • The World Health Organization (WHO) has released its first guideline on the use of Glucagon-Like Peptide-1 (GLP-1) therapies for treating obesity.

    • Obesity

  • It is a chronic complex disease defined by excessive fat deposits that can impair health.
  • It can lead to increased risk of type 2 diabetes and heart disease, it can affect bone health and reproduction.
  • It increases the risk of certain cancers and influences the quality of living, such as sleeping or moving.
  • It is a chronic disease affecting over 1 billion people and causing 3.7 million deaths in 2024. 
    • Read More
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