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Daily Current Affairs – 9 October, 2025

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DCA 9 Oct

    RBI Introduces Unified Markets Interface to Tokenize Financial Assets

    In News

  • The Reserve Bank of India (RBI) is advancing asset tokenization with its new Unified Markets Interface (UMI).

    • Asset Tokenization 

  • Definition: It converts real-world assets into digital tokens on blockchain, creating fractional ownership and global trading opportunities. 
  • Outcome: It offers new possibilities for the financial markets in expanding access, improving transparency and enhancing settlement efficiency through smart contracts.
  • Technology Backbone: Uses blockchain and smart contracts for secure, automated transactions.
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    Draft Shram Shakti Niti, 2025 Unveiled 

    Context

  • Recently, the Union Ministry of Labour & Employment has unveiled the Draft National Labour and Employment Policy, titled as Shram Shakti Niti 2025, aimed at reshaping India’s labour landscape.

    • About the Shram Shakti Niti 2025

  • It aims to build a labour ecosystem that is inclusive, equitable, and resilient, ensuring dignity, protection, and opportunity for every worker, rooted in the civilizational ethos of śrama dharma—the moral value of work.
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    GIFT City’s New Forex Settlement System

    Context

  • Union Finance Minister Nirmala Sitharaman launched a Foreign Currency Settlement System (FCSS) at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City).

    • Significance

  • Faster settlements: Earlier, settlements took 36–48 hours through the traditional correspondent banking system, involving foreign intermediaries.
  • Real Time Transactions: Transactions in foreign currencies (like USD, Euro, Yen) can now be settled in real time or near real time within India.
  • This places GIFT City among select global financial hubs such as Hong Kong, Tokyo, and Manila that have local infrastructure for foreign currency settlement.
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    Nobel Prize in Chemistry 2025

    Context

  • Susumu Kitagawa, Richard Robson and Omar Yaghi are awarded the Nobel Prize in Chemistry 2025.

    • About

  • It was awarded for discovering and creating a class of materials, called metal-organic frameworks (MOF).
  • Metal Organic Frameworks: MOFs are crystalline structures in which metal ions serve as nodes and organic molecules as connectors. 
    • Read More

    Invasive Alien Species

    In News

  • Conservation scientists warn that invasive alien species are destroying local biodiversity and habitats in India. 

    • Invasive alien species

  • Definition: They are non-native organisms introduced accidentally or intentionally (e.g., ornamental fish, decorative plants, or for land restoration). 
  • They often lack natural predators in the new environment, allowing them to multiply unchecked.
  • They often spread rapidly, outcompeting native species, harming biodiversity, causing local or global extinctions, and damaging habitats.
    • Read More

    News in Short – 9 October, 2025

    In News

  • For centuries, residents near Seneca Lake in New York have reported mysterious booming sounds known as the "Seneca Guns" or "Seneca Drums".

    • Seneca Lake

  • It is located in Ontario, Yates, Seneca, and Schuyler counties, and is centrally positioned in New York’s Finger Lakes region(US). 
  • It has the largest water volume among the Finger Lakes, with Geneva at its northern end and Watkins Glen at the southern end.
    • Read More
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