Pawan Goenka appointed as the chairman of IN-SPACe

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• SEBI has launched SWAGAT-FI, a single-window system allowing low-risk global investors to register simultaneously as FPIs and FVCIs, with extended registration validity of 10 years.

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• Armand Duplantis and Sydney McLaughlin-Levrone were crowned World Athletes of the Year at the World Athletics Awards 2025 in Monaco.

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• On 5 December 2025, International Volunteer Day marked the global launch of IVY 2026, emphasizing that every volunteer contribution is vital for sustainable development.

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• Lok Sabha has passed the Central Excise (Amendment) Bill 2025, introducing a new tax regime on tobacco and pan masala to replace the GST compensation cess ending in March 2026.

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• Luana Lopes Lara, at 29, becomes the world’s youngest self-made woman billionaire.

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• Victoria University lays foundation for its first India campus in Gurugram, bringing Australian education closer to Indian students.

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• On December 5, 2025, World Soil Day emphasizes the role of healthy soils in building sustainable and resilient cities.

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• Passport Verification Records are now digitally accessible on DigiLocker, enhancing convenience, security, and paperless governance.

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• WHO recommends GLP-1 therapies for obesity, while Samagra Shiksha Scheme promotes equitable and quality education under NEP 2020.

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• Numaligarh Refinery Limited becomes the 27th CPSE to attain Navratna status, enhancing operational autonomy.

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