Current Affairs 25 September 2025

Karnataka Launches LEAP to Boost Innovation and Job Creation.

• The Karnataka government launched the ₹1,000 crore LEAP (Local Economy Accelerator Programme) to promote innovation and job creation outside Bengaluru.
• Target areas: clusters like Mysuru‑Chamarajanagar; Mangaluru‑Udupi; Hubbali‑Belagavi‑Dharwad; Tumkur; Kalaburagi; Shivamogga
• Duration: 5 years.
• Job‑creation target: 5 lakh jobs.

PM Modi Inaugurates Uttar Pradesh International Trade Show 2025.

• Prime Minister Narendra Modi inaugurated the Uttar Pradesh International Trade Show (UPITS-2025) in Greater Noida, Gautam Buddha Nagar.
• Russia is the partner country for the event.
• The event is themed Ultimate Sourcing Begins Here.
• The event coincided with the birth anniversary of Pandit Deendayal Upadhyaya, emphasizing his vision of Antyodaya (upliftment of the last person).

RBI Cancels Datta Finance's Licence Over Violations in Digital Lending.

• The Reserve Bank of India cancelled the Certificate of Registration (CoR) of Datta Finance and Trading Pvt Ltd, for violating digital lending guidelines.
• Datta Finance outsourced core functions like customer sourcing, KYC, loan disbursal, and recovery, breaching RBI's Fair Practices Code and Digital Lending Guidelines.
• Users of KinCash, DoLoan, and ZestCash may face service disruption.

Jio Payments Bank Launches Savings Pro for Higher Returns on Idle Fund.

• Jio Payments Bank introduced Savings Pro, offering better returns on idle funds by auto-investing surplus amounts into overnight mutual funds.
• Users can set a minimum balance threshold (starting from ₹5,000), with funds above that automatically invested in growth plans.
• Surplus funds can earn up to 6.5% per annum.
• No entry/exit loads, no lock-in periods, and a fully digital experience.

China Introduces K Visa to Attract Global STEM Talent.

• China will launch the K Visa on October 1, 2025, to attract young STEM professionals and researchers.
• Open to recent STEM graduates or professionals with a Bachelor’s degree or higher from recognized institutions.
• The K Visa offers multiple entries, extended stay durations, and streamlined application processes, without requiring an invitation from a Chinese employer.