Today’s Major National and International News for School Assembly

Top India, World, Business & Economy Updates

Good morning! Here are the most important national and international news stories for December 5, covering developments in politics, economy, diplomacy, global affairs, and markets. These headlines will help students stay informed about current events shaping India and the world.

Students reading today’s School Assembly News Headlines for December 5, 2025, covering key updates from India and around the world.

National News

IndiGo flight cancellations create major disruption across airports India’s largest airline, IndiGo, cancelled more than 170 flights on December 4 due to stricter enforcement of new pilot rest regulations. The move caused long queues, delayed schedules, and confusion at major airports across the country. Bengaluru airport witnessed the worst impact with 73 flights grounded, while Delhi and Hyderabad also reported large-scale disruptions. Passengers demanding refunds and alternative travel arrangements expressed frustration as holiday and business travel plans were affected.

India–US trade momentum rises as key American delegation plans New Delhi visit A U.S. trade delegation will arrive in India next week for formal negotiations on tariff reforms and improved market access for Indian exports. This visit is especially significant as it comes at a time when India is strengthening trade ties with Russia, signalling that New Delhi continues to hold strategic relevance for both global powers.

Rupee hits a historic low against US dollar The Indian rupee slipped below ₹90 per US dollar, marking the weakest exchange rate in India’s history. Economists warn that the currency may fall further unless new trade agreements with the United States improve global investor confidence. The fall is likely to affect import costs, fuel prices, foreign education expenses, and overseas travel.

Reliance accelerates plans for Jio Platforms IPO Reliance Industries has begun drafting the prospectus for the initial public offering (IPO) of Jio Platforms. The listing of one of India’s biggest digital and telecom companies could reshape competition in mobile networks, fintech, and digital services. Market analysts say the IPO could become one of the largest in Indian corporate history.

International News

Putin in India for high-level India–Russia bilateral summit Russian President Vladimir Putin arrived in New Delhi on December 4 for a two-day state visit and began talks with Prime Minister Narendra Modi under the 23rd India–Russia Annual Summit. The discussions are expected to focus on defence partnerships, energy supplies, nuclear cooperation, trade diversification, and cross-border payments. Both nations aim to reinforce long-standing strategic ties despite shifting global alliances.

US Federal Reserve expected to cut interest rate by 0.25% A new Reuters survey of more than 100 economists suggests that the US Fed may announce a 25-basis-point rate cut during its December meeting. The expected move aims to maintain stability amid concerns of a global slowdown. Financial markets around the world are keeping a close watch as the decision may influence foreign investments, currency movements, and borrowing costs.

Oil prices fluctuate after Ukraine strikes Russian pipelines Global oil benchmarks rose slightly after reports of Ukrainian attacks on a Russian oil pipeline, escalating tensions and creating uncertainty over energy supplies. The development raised concerns about global energy security and could affect fuel prices across multiple countries depending on how the situation evolves.

Cayman Islands offers transparency partnership with India In a major step toward global financial transparency, the Cayman Islands has approached India to establish information-sharing agreements with Indian regulators and GIFT City. The move aims to tighten monitoring of offshore investments and deter money-laundering practices.

US tightens screening for H-1B visa applicants Beginning December 3, the US government has implemented stricter background checks for H-1B visa processing. Applicants involved in political or media-censorship-related work will receive enhanced scrutiny. The new policy could impact thousands of Indian professionals planning to work in the US.

Global markets cautious as US dollar weakens Currency markets reacted to speculation of a Fed rate cut, causing the US dollar to decline and giving the euro and several Asian currencies a boost. Investors are waiting for the final Fed announcement before making big movements in global markets.

End of today’s school assembly news headlines — December 5, 2025 These updates reflect key developments shaping India and the world today and encourage students to stay informed about global current affairs.