Current Affairs 14 December 2025

Cabinet Clears Insurance Amendment Bill Allowing 100% FDI.

• The Union Cabinet approved the Insurance Amendment Bill, 2025, raising the FDI limit in insurance companies from 74% to 100%.
• The reform is aimed at attracting greater foreign capital, enhancing competition, and improving service quality in the insurance sector.
• India’s insurance sector is governed by the Insurance Act, 1938, LIC Act, 1956, and IRDAI Act, 1999.

India Post–BSE Tie-Up to Expand Mutual Fund Access Nationwide.

• The Department of Posts (DoP) and BSE, Asia’s oldest stock exchange, signed a landmark MoU to deepen financial inclusion by expanding mutual fund access across India.
• The initiative leverages India Post’s extensive rural and semi-urban network to bring investment opportunities closer to citizens with limited access to formal financial products.
• The MoU is valid for three years.

Google’s Project Suncatcher to Build Solar AI Data Centres in Space.

• Google CEO Sundar Pichai announced Project Suncatcher, a long-term research initiative to deploy solar-powered data centres in space by 2027.
• The project explores satellite constellations equipped with high-performance AI hardware, inspired by Starlink-like networks but focused on space-based computing, not internet services.
• These satellites will operate entirely on solar energy.

India Excluded from US-Led Pax Silica Initiative.

• India has been excluded from the US-led Pax Silica initiative, a strategic plan aimed at building a secure and innovative silicon supply chain using critical minerals.
• The Pax Silica initiative seeks to strengthen the global AI supply chain and reduce dependencies on coercive sources while protecting vital materials for artificial intelligence.

NITI Aayog Releases Report on Strengthening Corporate Bond Market.

• NITI Aayog released the report titled Deepening the Corporate Bond Market in India, focusing on the state, challenges, and roadmap for strengthening India’s corporate bond market.
• Outstanding corporate bonds grew from ₹17.5 trillion in FY2015 to ₹53.6 trillion in FY2025, with an annual growth rate of ~12%.
• Corporate bonds are debt securities issued by private and public corporations.