Current Affairs
Date: 08-12-2025
CURRENT AFFAIRS
1. 29-Year-Old Woman Becomes World's Youngest Self-Made Female Billionaire
Brazilian-born Luana Lopes Lara, at just 29 years old, has become the world's youngest self-made female billionaire thanks to the success of her company, Kalshi. Her net worth is estimated at approximately $1.3 billion.
2. World Soil Day 2025
World Soil Day is celebrated every year on December 5th, with the main objective of raising global awareness about soil degradation, pollution, and unsustainable agricultural practices. The theme for 2025 is “Healthy Soils for Healthy Cities.”
3. Jayendran Venugopal Appointed Chairman and CEO of Reliance Retail Ventures Limited
On December 3, 2025, Reliance Industries Limited (RIL) appointed Jayendran Venugopal, a senior executive from Flipkart, as the President and Chief Executive Officer (CEO) of Reliance Retail Ventures Limited (RRVL). This newly created position signals a move to further strengthen the company's strategic direction.
4. RBI Monetary Policy December 2025: Rate Cut and its Impact on the Indian Economy
The 58th meeting of the Monetary Policy Committee (MPC) under Section 45ZL of the Reserve Bank of India Act, 1934, was held from December 3 to 5, 2025, chaired by RBI Governor Sanjay Malhotra. Important decisions related to monetary policy were taken at this meeting, aimed at stimulating economic growth and keeping inflation under control.
5. RELOS Agreement and India-Russia Relations: Objectives, Significance, and Latest Developments
The Reciprocal Exchange of Logistics Support (RELOS) agreement, which gives a new direction to bilateral defense cooperation between India and Russia, has been approved by Russia before the Indian delegation's visit. This agreement allows the armed forces of both countries to use each other's military facilities such as ports, airbases, supply depots, and repair centers, significantly enhancing their operational capabilities, efficiency, and strategic reach.
6. Meghalaya to Host Regional AI Impact Conference in Shillong in 2025
The Regional Artificial Intelligence Impact Conference 2025 was held on December 3, 2025, at the State Convention Centre in Shillong, the capital of Meghalaya. This conference was part of a series of regional events leading up to the India-AI Impact Summit 2026. The theme of the conference was “People, Planet and Progress,” reflecting India's human-centric and inclusive Artificial Intelligence (AI) policy.
7. Former Mizoram Governor Swaraj Kaushal Passes Away at 73
Former Mizoram Governor and senior Supreme Court advocate Swaraj Kaushal passed away on December 4, 2025, at the age of 73. He was the husband of former External Affairs Minister Sushma Swaraj and the father of Delhi MP Bansuri Swaraj. His death is considered the end of a glorious chapter of legal excellence, political balance, and national service in Indian public life.
8. Australia's Victoria University to Open its First Indian Campus in Gurugram by 2026
Australia's prestigious Victoria University (VU) has announced the establishment of its first international campus in Gurugram (Delhi-NCR) under India's new National Education Policy (NEP 2020). This initiative is one of the early successful examples of the Indian government's policy allowing foreign universities to establish offshore campuses.
QUIZ (With Explanation)
1. Who has been appointed as the new President and CEO of Reliance Retail Ventures Limited (RRVL)?
A – Saugata Bhattacharya
B – Jayendran Venugopal
C – Nandan Nilekani
D – Tarun Kapoor
Explanation:
On December 3, 2025, Reliance Industries Limited (RIL) appointed former Flipkart executive Jayendran Venugopal as President and CEO of Reliance Retail Ventures Limited (RRVL). This new position has been created to strengthen the company's digital expansion and strategic leadership. Venugopal is a seasoned professional in the Indian e-commerce world who played a key role in improving technology and customer experience at Flipkart.
2. Who chaired the 58th meeting of the Reserve Bank of India's Monetary Policy Committee (MPC)?
A – Shaktikanta Das
B – Sanjay Malhotra
C – V. Anantha Nageswaran
D – T. Ravi Shankar
Explanation:
The 58th meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India was held from December 3 to 5, 2025, under the chairmanship of RBI Governor Sanjay Malhotra. The meeting reviewed the country's economic situation and decided to reduce the repo rate to 5.25%, while the Special Development Deficit (SDF) rate was fixed at 5.00% and the MSF/Bank Rate at 5.50%.
3. Under the RELOS agreement, how many Russian naval and air bases will India gain access to?
A – 20
B – 30
C – 40
D – 50
Explanation:
Russia has approved the Reciprocal Exchange of Logistics Support (RELOS) agreement, which will give a new direction to defense cooperation between India and Russia. Under this agreement, the militaries of both countries will be able to use each other's ports, airbases, and military facilities, thereby enhancing operational capabilities, efficiency, and strategic reach.
4. How much investment has been made so far under the IndiaAI Mission?
A – ₹5,200 crore
B – ₹8,000 crore
C – ₹10,300 crore
D – ₹12,000 crore
Explanation:
On December 3, 2025, the Regional AI Impact Conference 2025 was held in Shillong, the capital of Meghalaya, as part of preparations for the upcoming India-AI Impact Summit 2026. The theme of this conference was “People, Planet, and Progress,” reflecting India's human-centric and inclusive AI policy.
5. Following which historic agreement did Swaraj Kaushal serve as the Governor of Mizoram?
A – Bodo Peace Agreement, 2020
B – Assam Accord, 1985
C – Shimla Agreement, 1972
D – Mizoram Peace Accord, 1986
Explanation:
Senior advocate and former Governor of Mizoram, Swaraj Kaushal, passed away on December 4, 2025, at the age of 73 at AIIMS Hospital in Delhi. He was the husband of former External Affairs Minister Sushma Swaraj and father of Delhi MP Bansuri Swaraj. He was declared dead at the hospital in the afternoon after complaining of chest pain.
6. In which city has Australia's Victoria University (VU) announced the establishment of its first international campus in India?
A – New Delhi
B – Mumbai
C – Bengaluru
D – Gurugram
Explanation:
Australia's prestigious Victoria University (VU) has announced the opening of its first international campus in Gurugram (Delhi-NCR) under India's New Education Policy (NEP 2020). The campus is expected to open by mid-2026 and aims to provide Indian students with access to a globally recognized Australian degree affordably, without the need for overseas travel and high expenses.
7. At what age did Luana Lopes Lara become the world's youngest self-made female billionaire?
A – 32 years
B – 25 years
C – 35 years
D – 29 years
Explanation:
Brazilian-born Luana Lopes Lara has become the world's youngest self-made female billionaire at just 29 years old, thanks to the success of her company Kalshi, with a net worth estimated at approximately $1.3 billion.
8. What is the theme for World Soil Day 2025?
A – Halt Soil Salinization, Boost Soil Productivity
B – Be the Solution to Soil Pollution
C – Soil: Where Food Begins
D – Healthy Soils for Healthy Cities
Explanation:
World Soil Day is celebrated every year on December 5th to raise global awareness about soil degradation. The theme for 2025 is “Healthy Soils for Healthy Cities.” The theme focuses on the importance of urban soils, which provide vital ecological services such as flood control and climate regulation, while also warning against the adverse effects of urbanization and soil sealing.
ONE LINER
Which innovative teaching model is Victoria University (VU) bringing to India? – Block Model of Teaching
Who has been appointed as the President and CEO of Reliance Retail Ventures Limited (RRVL)? – Jayendran Venugopal, former senior executive at Flipkart
Where will Australia's Victoria University (VU) establish its first international campus in India? – In Gurugram (Delhi-NCR)
What is the name of the husband of former External Affairs Minister Sushma Swaraj and former Governor of Mizoram, who passed away on December 4, 2025? – Swaraj Kaushal
In which city was the Regional AI Impact Conference 2025 held? – Shillong, Meghalaya
What was the repo rate decided by the RBI in the December 2025 MPC meeting? – 5.25%
Who chaired the 58th meeting of the RBI's Monetary Policy Committee (MPC) in December 2025? – RBI Governor Sanjay Malhotra
What is the theme of World Soil Day 2025? – “Healthy Soils for Healthy Cities”
What is the name of the defense cooperation agreement between India and Russia that allows for the mutual use of military facilities? – Reciprocal Exchange of Logistics Support (RELOS) agreement
Who became the world's youngest self-made female billionaire at the age of 29? – Luana Lopes Lara