Find the current affairs of 31 December 2025. Stay updated with the most important news and events that have occurred on this day. Our daily current affairs updates are carefully curated by GK and Current Affairs experts, ensuring that you receive accurate and relevant information to enhance your competitive exam preparation.
Each update is designed to provide you with a comprehensive overview of the day’s key happenings, including political developments, economic news, technological advancements, and significant social events.
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Highlights of 31 December 2025 Current Affairs
- The Ind–Aus ECTA completed three years since December 2022, delivering near-total duty-free access for Indian goods to Australia while allowing India to protect sensitive sectors through phased tariff cuts.
- Beyond trade, the India–Australia partnership under ECTA has strengthened strategic alignment in the Indo-Pacific, QUAD cooperation, and supply chains for critical minerals like lithium and rare earths.
- In Hungary’s Homokhátság region, the Water Guardians initiative shows how local water retention and community-led action can combat desertification and protect rural livelihoods.
- Desertification now affects over 4 billion hectares globally, driven by climate change, groundwater depletion, and unsustainable agriculture, making land restoration a key climate and food security priority.
- The US has proposed major WTO reforms, including plurilateral decision-making, curbing special treatment for developing countries, and relaxing the MFN principle, raising concerns for India and other emerging economies.
- India is projected by EY to become a $26 trillion economy by 2047–48, supported by services exports, digital public infrastructure, demographic advantage, and sustained ~6% annual growth.
- Despite fewer incidents, the value of banking frauds in India rose by 30% in April–September 2025, highlighting weaknesses in credit appraisal, governance, and delayed detection of large corporate loan frauds.
- International advisories on a counterfeit rabies vaccine batch in India have raised serious public health, regulatory, and ethical concerns in a country that bears over one-third of global rabies deaths.
- The successful maiden flight test of the Pinaka LRGR-120 rocket has enhanced India’s long-range precision strike capability and strengthened its position as an emerging defence exporter.
- Recent cultural and heritage events, from tributes to Netaji Subhas Chandra Bose and the Makaravilakku pilgrimage at Sabarimala to the overseas voyage of INSV Kaundinya, underline India’s blend of strategic ambition, historical legacy, and civilizational outreach.
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