Current Affairs December 2025 Topic - Economy

Nayi Chetna 4.0 Campaign (DAY-NRLM)
Introduction
- ‘Nayi Chetna 4.0 – Initiative for Change’ is a national campaign under the Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM).
- It focuses on strengthening women’s safety, mobility, dignity, and socio-economic participation, especially in rural India.
- Subtopic: Why in news?
- Launched by the Union Minister for Rural Development alongside the Union Minister for Women and Child Development.
- Scheduled to run nationwide from 25 November to 23 December 2025, led by the Self-Help Group (SHG) network under DAY-NRLM.
Background
- This is the fourth edition of the ‘Nayi Chetna’ campaign.
- DAY-NRLM was launched in 2011 and restructured in 2015; it is implemented by the Ministry of Rural Development.
- The mission aims to reduce rural poverty through self-employment, skill development, and sustainable livelihoods via SHGs.
- Subtopic: Significance
- Emphasises elimination of substance abuse, identified as a major cause of domestic violence.
- Promotes village-level campaigns for violence-free communities.
- Stresses women’s voices in governance and safe public spaces.
- Encourages shared domestic responsibilities and recognition of women’s economic roles.
- Subtopic: Facts/General knowledge
- DAY-NRLM primarily mobilises rural women into SHGs.
- SHGs receive credit linkages, capacity-building support, and improved market access.
- Key components include financial inclusion, digital literacy, and diversification of livelihood activities to stabilise household incomes in rural areas.
8th Central Pay Commission (CPC)
Introduction
- The 8th Pay Commission will be chaired by Justice Ranjana Prakash Desai.
- It will submit its report within 18 months and may issue interim recommendations on specific matters before completion.
- Recommendations are expected to take effect retrospectively from 1 January 2026.
Why in news?
- The Union Cabinet has approved the Terms of Reference of the 8th Central Pay Commission.
- Subtopic: Background
- A Pay Commission is established every 10 years under the Department of Expenditure, Ministry of Finance.
- It determines salaries, allowances, and pensions of Central government employees by assessing both monetary and non-monetary benefits, taking into account inflation, cost of living, and the need for parity and fairness in compensation.
- Usually, a retired Supreme Court judge heads the Commission.
- Its recommendations are often adopted by state-owned organisations as well.
- The 7th Pay Commission (2016), chaired by Justice Ashok Kumar Mathur, recommended a 23.55% overall hike.
Significance
- Implementation leads to higher consumption and economic growth.
- It improves the quality of life of employees and pensioners.
- Over 49 lakh Central government employees and 65 lakh pensioners will benefit under the 8th CPC.
- Subtopic: Facts/General knowledge
- The Terms of Reference serve as a blueprint outlining the mandate, scope, and timelines for the 8th Pay Commission.


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