DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 1st November – 2025
Archives (PRELIMS Focus) One District One Product (ODOP) Category: Government Schemes Context: In a bid to promote local talent, the Indian Railways will patronise the newly launched ‘Aabhar’ online store that will showcase a range of exquisite gift items manufactured under the ambit of One District One Product (ODOP). About One District One Product (ODOP): Nodal ministry: One District One Product (ODOP) was launched by the Ministry of Food Processing Industries in 2018. Objective: it aims to help districts reach their full potential, foster economic and socio-cultural growth, and create employment opportunities, especially, in rural areas. Every district as export hub: This initiative is carried out with the ‘Districts as Exports Hub’ initiative by the Directorate General of Foreign Trade (DGFT), Department of Commerce. It aims to turn every district in India, into an export hub through promotion of the product in which the district specialises. In line with Atmanirbhar Bharat: The initiative plans to accomplish this by scaling manufacturing, supporting local businesses, finding potential foreign customers and so on, thus helping to achieve the ‘Atmanirbhar Bharat’ vision. Process of selection: Under the ODOP initiative, all products have been selected by States/UTs by taking into consideration the existing ecosystem on the ground, products identified under Districts as Export Hubs (DEH), and GI-tagged products. Source: The Hindu Foreign Portfolio Investment (FPI) Category: Economy Context: Foreign Portfolio Investors net bought equities worth ₹14,610 crore in October after three consecutive months of selling, the strongest inflow since July this year. About Foreign Portfolio Investment (FPI): Definition: Foreign portfolio investment (FPI) consists of securities and other financial assets passively held by foreign investors. It does not provide the investor with direct ownership of financial assets and is relatively liquid depending on the volatility of the market. Composition: FPIs include stocks, bonds, mutual funds, exchange traded funds, American Depositary Receipts (ADRs), and Global Depositary Receipts (GDRs). Part of capital account: FPI is part of a country’s capital account and is shown on its Balance of Payments (BOP). The BOP measures the amount of money flowing from one country to other countries over one monetary year. Regulated by SEBI: The Securities and Exchange Board of India (SEBI) brought new FPI Regulations, 2019, replacing the erstwhile FPI Regulations of 2014. Hot money: FPI is often referred to as “hot money” because of its tendency to flee at the first signs of trouble in an economy. FPI is more liquid, volatile and therefore riskier than FDI. Key features: Investors do not participate in the management of the company. It aims for capital appreciation rather than long-term strategic interests. Further, it provides capital flow into financial markets, increasing efficiency and investment potential. Difference with FDI: A foreign investor can hold up to 10% of the total paid-up capital of an Indian company without being classified as an FDI. If the holding exceeds 10%, it is reclassified as Foreign Direct Investment (FDI). About FOREX Reserves: Nature: Foreign exchange (FOREX) reserves are assets held on reserve by a central bank in foreign currencies, which can include bonds, treasury bills and other government securities. Dominated by dollars: It needs to be noted that most foreign exchange reserves are held in US dollars. India’s Forex Reserve include: Foreign Currency Assets Gold reserves Special Drawing Rights Reserve Tranche Position with the International Monetary Fund (IMF). Source: The Hindu Asia-Pacific Economic Cooperation (APEC) Category: International Relations Context: Chinese President Xi Jinping takes centre stage at Asia-Pacific Economic Cooperation (APEC) meet and promises to defend global free trade. About Asia-Pacific Economic Cooperation (APEC): Nature: The Asia-Pacific Economic Cooperation is a regional economic forum and was formed in 1989. Objective: The aim of the grouping is to “leverage the growing interdependence of the Asia-Pacific and create greater prosperity for the people of the region through regional economic integration.” Focus: The focus of APEC has been on trade and economic issues and hence, it terms the countries as “economies.” Non-binding commitments: APEC operates based on no binding commitments or treaty obligations. Commitments are undertaken voluntarily and capacity-building projects help members implement APEC initiatives. Member Countries: Currently, APEC has 21 members, which includes Australia, Brunei, Hong Kong, New Zealand, Papua New Guinea, the Philippines, Indonesia, China, Japan, South Korea, Russia, Canada, the United States, Mexico, Peru, Chile, Malaysia, Vietnam, Singapore, Thailand and Taiwan. Membership criterion: The criterion for membership, however, is that each member must be an independent economic entity, rather than a sovereign state. India as member: India was not its member till 1997 as it still had too many rules and restrictions. Further, the group decided to stop accepting new members in 1997, to focus on improving the existing cooperation among the current members. So, India is not its member and currently has the ‘observer’ status. Significance: Since its formation, the grouping championed the lowering of trade tariffs, free trade, and economic liberalisation. In the Seoul Declaration (1991), APEC member economies proclaimed the creation of a liberalised free trade area around the Pacific Rim as the principal objective of the organisation. Contribution in world trade: APEC accounts for approximately 62% of world GDP and about half of world trade. It is one of the oldest and most influential multilateral platforms in the Asia-Pacific region. Source: The Hindu Nauradehi Wildlife Sanctuary Category: Environment and Ecology Context: Madhya Pradesh Chief Minister said that Nauradehi Sanctuary will become the third home for cheetahs in the state after Kuno National Park and Gandhi Sagar Sanctuary. About Nauradehi Wildlife Sanctuary: Location: It is spread across three districts, i.e., Sagar, Damoh, and Narsinghpur, of Madhya Pradesh. The entire Sanctuary is situated on a plateau, forming part of the upper Vindhyan range. Area: It covers nearly 1197 sq.km. area. Declaration as wildlife sanctuary: It was declared a wildlife sanctuary in 1975. It is the largest wildlife sanctuary in Madhya Pradesh. Acts as a natural corridor: It acts as a corridor for Panna Tiger Reserve and Satpura Tiger Reserve while indirectly connecting Bandhavgarh Tiger Reserve via Rani Durgawati Wildlife Sanctuary. Drainage: Three-fourths of the wildlife sanctuary
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