Daily Current Affairs July 01

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs July 01. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

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July 01 | Daily Current Affairs 2025

Important Days – Daily Current Affairs July 01

1. When was the State Bank of India officially established under the SBI Act?
A) 1921
B) 1935
C) 1955
D) 1949
E) 1997
Answer: C) 1955

Event and Location:

• Event: State Bank of India celebrates its 70th foundation anniversary
• Location: Nationwide (India), headquartered in Mumbai
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Commemoration of 70 years since the establishment of the State Bank of India (SBI) under the SBI Act of 1955.
• Objectives: To recognize SBI’s legacy, economic contributions, rural outreach, and its transformation into a global financial powerhouse with continued national trust and international expansion.

Important Terms Explained:

• State Bank of India (SBI): India’s largest public sector bank, established on July 1, 1955 by nationalising the Imperial Bank of India under the SBI Act.
• Imperial Bank of India: Formed in 1921 through the merger of the Presidency Banks—Bank of Bengal, Bank of Bombay, and Bank of Madras. It functioned as a quasi-central bank until the RBI was formed in 1935.
• YONO (You Only Need One): SBI’s integrated digital banking platform providing online banking, investment, shopping, insurance, and other services via mobile app and web.

Tabular Summary:

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2. When was the Institute of Chartered Accountants of India (ICAI) founded?
A) 1930
B) 1948
C) 1949
D) 1950
E) 1955
Answer: C) 1949

Event and Location:

• Event: National Chartered Accountants Day celebrated marking ICAI’s foundation
• Location: Nationwide (India)
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Commemoration of the 76th Foundation Day of the Institute of Chartered Accountants of India (ICAI), established under the Chartered Accountants Act, 1949.
• Objectives: To honour the role of Chartered Accountants (CAs) in strengthening India’s economic framework, enhancing financial transparency, ensuring compliance, and boosting entrepreneurial growth.

Important Terms Explained:

• Institute of Chartered Accountants of India (ICAI): A statutory body established under the Chartered Accountants Act, 1949 for regulating the profession of chartered accountancy in India. It operates under the Ministry of Corporate Affairs.
• Chartered Accountants Day (CA Day): Celebrated annually on July 1 to commemorate the formation of ICAI and acknowledge the contributions of CAs to the economy.
• Registered Accountant: A term used before ICAI’s formation for individuals listed in the government’s Register of Accountants maintained under the Indian Companies Act before 1949.

Tabular Summary:

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3. Whose birth and death anniversary is commemorated on National Doctor’s Day in India?
A) Dr. A.P.J. Abdul Kalam
B) Dr. Harsh Vardhan
C) Dr. B.R. Ambedkar
D) Dr. Bidhan Chandra Roy
E) Dr. Devi Shetty
Answer: D) Dr. Bidhan Chandra Roy

Event and Location:

• Event: Celebration of National Doctor’s Day 2025
• Location: Nationwide (India)
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Observance of Doctor’s Day to acknowledge and celebrate the contributions of medical professionals in India.
• Objectives:
  • Honour the birth and death anniversary of Dr. B.C. Roy, India’s iconic physician and former CM of West Bengal
  • Appreciate doctors’ selfless service, particularly in public health and crisis situations
  • Promote awareness about the importance of doctors in society’s well-being
  • Encourage expressions of gratitude through messages, quotes, and social media statuses

Important Terms Explained:

• National Doctor’s Day (India): Celebrated annually on July 1 to commemorate the birth and death anniversary of Dr. Bidhan Chandra Roy, a legendary physician and freedom fighter.
• Dr. Bidhan Chandra Roy: Second Chief Minister of West Bengal, Bharat Ratna awardee, and a distinguished physician whose legacy laid the foundation for organized healthcare in India.
• Public Health Contribution: Doctor’s Day highlights the critical role doctors play in healthcare delivery, disease prevention, and emergency response, often under high-pressure environments.

Tabular Summary:

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Sports – Daily Current Affairs July 01

4. Who has been named captain of the India A Men’s Hockey Team for the Europe tour in July 2025?
A) Varun Kumar
B) Moirangthem Rabichandra Singh
C) Pratap Lakra
D) Sanjay
E) Shivendra Singh
Answer: D) Sanjay

Event and Location:

• Event: India A Men’s Hockey Team announced for European tour
• Location: Europe (matches across Ireland, France, Netherlands, England, Belgium)
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Hockey India announced a 20-member India A squad for a European tour involving eight international matches between July 8–20, 2025.
• Objectives: To provide international exposure, match practice, and developmental opportunities for emerging players as part of Hockey India’s long-term talent pipeline strategy.

Important Terms Explained:

• Hockey India (HI): The governing body for field hockey in India, responsible for organizing national competitions, team selections, and international representation.
• India A Team: A secondary national hockey team formed to groom young and upcoming players for senior-level international tournaments.
• European Tour: A multi-nation exposure trip where India A will compete against top hockey teams from Europe to simulate high-competition environments and assess player readiness.

Tabular Summary:

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5. Who won the US Open 2025 men’s singles badminton title by defeating Brian Yang of Canada?
A) Lakshya Sen
B) Brian Yang
C) Ayush Shetty
D) Viktor Axelsen
E) Kidambi Srikanth
Answer: C) Ayush Shetty

Event and Location:

• Event: Ayush Shetty wins US Open 2025 men’s singles title
• Location: Council Bluffs, Iowa, USA
• Date: June 30, 2025

Mandates and Objectives:

• Mandates: Ayush Shetty defeated Canadian shuttler Brian Yang in straight games (21-18, 21-13) to win his first Super 300 badminton title.
• Objectives: The win marks India’s return to form in men’s singles and strengthens Shetty’s standing as India’s No. 2 men’s singles player on the global stage.

Important Terms Explained:

• Super 300 Tournament: A category under the BWF World Tour, offering mid-level ranking points and prize money. It is part of the HSBC BWF World Tour.
• Council Bluffs (Iowa): A city in the USA that hosted the 2025 edition of the US Open Badminton tournament.
• BWF (Badminton World Federation): The global governing body for badminton that oversees international competitions including the Super Series and World Championships.

Tabular Summary:

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Banking and Finance – Daily Current Affairs July 01

6. What is the name of the dual-benefit insurance product launched by Karur Vysya Bank and Kshema General Insurance?
A) Kisan Suraksha Yojana
B) Grameen Jeevan Raksha
C) Kshema Kisan Sathi
D) Rural Mitra Plan
E) Kisan Raksha Bima
Answer: C) Kshema Kisan Sathi

Event and Location:

• Event: Launch of Kshema Kisan Sathi, a rural-focused dual-benefit insurance product under a bancassurance partnership
• Location: Chennai, India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Karur Vysya Bank (KVB) and Kshema General Insurance Ltd entered into a bancassurance alliance to distribute a dual-purpose insurance product to rural India.
• Objectives:
  • Provide crop insurance and personal accident insurance to rural and agri-sector customers
  • Promote financial stability and self-sufficiency among farmers and rural families
  • Leverage Kshema’s AI-driven tech and KVB’s rural banking network for scalable delivery
  • Strengthen rural economy by mitigating risks and improving insurance penetration

Important Terms Explained:

• Bancassurance: A partnership between a bank and an insurance company where the bank sells insurance products to its customers, leveraging its branch network and client base.
• Kshema Kisan Sathi: A dual-benefit insurance plan combining crop protection and personal accident coverage, tailored for rural/agri customers of KVB.
• AI-Powered Risk Assessment: Advanced use of artificial intelligence in analyzing data such as satellite images and weather trends to assess insurance risks and customize premiums.

Tabular Summary:

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7. As per RBI’s data for the fortnight ending May 30, 2025, what was the year-on-year growth in bank credit to the industry sector?
A) 9.8%
B) 4.9%
C) 7.5%
D) 13.7%
E) 8.9%
Answer: B) 4.9%

Event and Location:

• Event: RBI releases sectoral deployment of bank credit for May 2025
• Location: India (nationwide, based on data from 41 commercial banks)
• Date: Data as of May 30, 2025; Released June 30, 2025

Mandates and Objectives:

• Mandates:
  • Analyze and publish bank credit growth trends by sector including industry, agriculture, services, and personal loans.
  • Compare sector-wise year-on-year growth rates for policy evaluation.
• Objectives:
  • Track credit flow patterns to assess economic activity.
  • Inform monetary policy and fiscal decision-making.
  • Monitor lending trends to high-impact sectors like agriculture, industry, and NBFCs.

Important Terms Explained:

• Bank Credit: The total amount of loans or credit extended by banks to various sectors of the economy.
• Non-Food Credit: Bank credit excluding loans for procurement of food grains under government schemes; a measure of economic credit demand.
• NBFCs (Non-Banking Financial Companies): Financial institutions that offer banking services without holding a banking license.
• Personal Loans Segment: Includes credit card outstanding, vehicle loans, housing loans, and other unsecured personal loans.
• Sectoral Deployment of Credit: RBI’s classification of bank lending across sectors like agriculture, industry, services, and personal consumption.

Tabular Summary:

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Business and Economy – Daily Current Affairs July 01

8. What was the gross GST collection for India in FY25?
A) ₹20.18 lakh crore
B) ₹22.08 lakh crore
C) ₹1.84 lakh crore
D) ₹2.37 lakh crore
E) ₹11.37 lakh crore
Answer: B) ₹22.08 lakh crore

Event and Location:

• Event: India’s gross GST collection reached an all-time high
• Location: Nationwide (India)
• Date: June 30, 2025 (FY25 data released)

Mandates and Objectives:

• Mandates: Reporting of gross GST revenue collection figures for FY25 by the Government of India
• Objectives: To highlight the growth trajectory of GST collections, reflect increased compliance, and reinforce fiscal strengthening through efficient indirect taxation

Important Terms Explained:

• Goods and Services Tax (GST): A unified indirect tax system implemented in India on July 1, 2017, replacing multiple state and central taxes. It follows a five-tier structure and is governed by the GST Council.
• Indirect Tax: A type of tax levied on goods and services rather than on income or profits, collected by intermediaries (like retailers) from consumers.
• GST Council: A constitutional body chaired by the Union Finance Minister and composed of representatives from all states and union territories to decide on GST matters.

Tabular Summary:

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9. Where will the new MRO joint venture between Reliance Infra and Coastal Mechanics be established?
A) Bengaluru
B) Hyderabad
C) Pune
D) MIHAN, Nagpur
E) Kochi
Answer: D) MIHAN, Nagpur

Event and Location:

• Event: Strategic defence MRO partnership between Reliance Defence Limited and Coastal Mechanics Inc
• Location: MIHAN (Multi-modal International Cargo Hub and Airport), Nagpur, Maharashtra
• Date: June 30, 2025

Mandates and Objectives:

• Mandates: Reliance Defence, a subsidiary of Reliance Infrastructure, signed a strategic agreement with US-based Coastal Mechanics Inc to jointly enter India’s defence MRO (Maintenance, Repair, Overhaul) sector.
• Objectives: To support the Indian Armed Forces by offering lifecycle support, upgrades, and performance-based logistics for key defence platforms, targeting the ₹20,000 crore domestic defence MRO market.

Important Terms Explained:

• MRO (Maintenance, Repair, and Overhaul): A set of services provided to maintain and upgrade defence equipment and platforms, ensuring they meet performance and safety standards over time.
• MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur): India’s largest multi-modal logistics and aerospace hub, designed to house aviation MRO and manufacturing facilities.
• Performance-Based Logistics (PBL): A contracting model where payment is based on outcomes like system availability or reliability, rather than traditional product support contracts.

Tabular Summary:

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10. What was the total value of IREDA’s loan sanctions in Q1 FY26?
A) ₹5,326 crore
B) ₹6,981 crore
C) ₹9,136 crore
D) ₹11,740 crore
E) ₹79,960 crore
Answer: D) ₹11,740 crore

Event and Location:

• Event: Q1 FY26 performance update of Indian Renewable Energy Development Agency (IREDA)
• Location: New Delhi, India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: IREDA, a state-owned financial institution under the Ministry of New and Renewable Energy, reported strong Q1 FY26 results with significant growth in loan sanctions and disbursements.
• Objectives:
  • Provide financing to promote renewable energy projects in India
  • Support clean energy transition with timely and scalable funding
  • Enhance financial performance to match rising demand in the renewable sector

Important Terms Explained:

• IREDA (Indian Renewable Energy Development Agency Ltd): A government-owned NBFC under the Ministry of New and Renewable Energy, dedicated to financing renewable energy and energy efficiency projects across India.
• Loan Sanctions: The total value of loans approved by a financial institution within a given period.
• Loan Disbursements: The actual release of sanctioned funds to borrowers.
  Outstanding Loan Book: The total value of loans disbursed and still due for repayment at a specific point in time.

Tabular Summary:

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11. Which constitutional article excludes alcoholic liquor for human consumption from the ambit of GST?
A) Article 246A
B) Article 279A
C) Article 366(12A)
D) Article 370
E) Article 268A
Answer: C) Article 366(12A)

Event and Location:

• Event: Analysis of GST’s 8-year journey and continued exclusion of petroleum and alcohol from its scope
• Location: India (Nationwide policy discussion)
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Evaluate reasons for exclusion of petroleum products and alcohol for human consumption from GST and discuss potential reforms for future inclusion.
• Objectives:
  • Understand the legal and constitutional barriers to inclusion
  • Address state revenue concerns and fiscal autonomy
  • Propose phased approaches for inclusion of specific products (e.g., natural gas, ATF)
  • Build political consensus for long-term tax reform

Important Terms Explained:

• GST (Goods and Services Tax): A unified indirect tax system implemented in India on July 1, 2017, replacing multiple state and central taxes with a destination-based, multi-tier structure.
• Article 366(12A): Constitutional article that excludes alcohol for human consumption from GST.
• Entry 54 – State List: Allows states to levy VAT on petroleum products like crude oil, petrol, diesel, natural gas, and ATF until a date decided by the GST Council.
• Input Tax Credit (ITC): A mechanism allowing businesses to claim credit for the tax paid on inputs, which is disrupted when products like fuel and alcohol are excluded from GST.
• Revenue-Neutral Rate (RNR): A tax rate designed to maintain the same level of revenue for governments even after transitioning to GST.
• GST Compensation Fund: A mechanism created to compensate states for revenue losses post-GST implementation.

Tabular Summary:

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Appointments – Daily Current Affairs July 01

12. Who has been appointed as the new Managing Director of ZF Commercial Vehicle Control Systems India Ltd?
A) P Kaniappan
B) Akash Passey
C) Dr. Peter Laier
D) Paramjit Singh Chadha
E) Rajiv Bajaj
Answer: D) Paramjit Singh Chadha

Event and Location:

• Event: Appointment of Paramjit Singh Chadha as Managing Director of ZF Commercial Vehicle Control Systems India Ltd
• Location: Chennai, India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: ZF Group announced the appointment of Paramjit Singh Chadha as MD of its Indian commercial vehicle systems division, following the tenure of P Kaniappan.
• Objectives:
  • Leverage Paramjit’s 40 years of industry experience for the next growth phase of ZF’s CV business in India
  • Drive innovation, digitalisation, and ESG-focused transformation
  • Strengthen ZF’s position in safety-critical automotive systems, especially braking technologies
  • Continue legacy of leadership and growth established by outgoing MD P Kaniappan

Important Terms Explained:

• ZF Commercial Vehicle Control Systems: A division of ZF Group focusing on systems such as brakes, automation, and safety components for commercial vehicles.
• ESG (Environmental, Social, and Governance): Business practices and performance metrics related to sustainability, corporate responsibility, and ethical operations.
• Safety-Critical Components: Vehicle parts such as brakes and steering systems that are vital for operational safety and require high-quality control standards.

Tabular Summary:

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Defence – Daily Current Affairs July 01

13. What is the name of the US Coast Guard Cutter used for the first QUAD ‘At Sea Observer Mission’?
A) USCGC Bertholf
B) USCGC Hamilton
C) USCGC Stratton
D) USCGC Munro
E) USCGC Kimball
Answer: C) USCGC Stratton

Event and Location:

• Event: Launch of QUAD’s first ‘At Sea Observer Mission’ with participation from all four member nations
• Location: Indo-Pacific waters; mission initiated aboard USCGC Stratton heading to Guam
• Date: July 1, 2025 (as per official announcement)

Mandates and Objectives:

• Mandates: Launch of the QUAD at Sea Ship Observer Mission, involving cross-embarkation of officers (including women) from India, Japan, the United States, and Australia aboard the USCGC Stratton.
• Objectives: To enhance interoperability, improve domain awareness, strengthen maritime coordination, and support a Free, Open, Inclusive, and Rules-Based Indo-Pacific through joint Coast Guard collaboration.

Important Terms Explained:

• QUAD (Quadrilateral Security Dialogue): A strategic forum of four Indo-Pacific nations—India, US, Japan, and Australia—aimed at ensuring regional security, freedom of navigation, and cooperation on shared global challenges.
• USCGC Stratton: A Legend-class national security cutter commissioned in 2012, operated by the United States Coast Guard, named after Capt. Dorothy Stratton.
• SAGAR: Security and Growth for All in the Region – India’s strategic vision to strengthen maritime cooperation and regional peace.
• IPOI: Indo-Pacific Oceans Initiative, launched by India to promote regional cooperation in the Indo-Pacific in areas like maritime ecology, connectivity, and capacity-building.
• Wilmington Declaration: A 2024 QUAD Leaders’ Summit document that laid the groundwork for cooperative maritime safety and security actions in the Indo-Pacific.

Tabular Summary:

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National Affairs – Daily Current Affairs July 01

14. Where was Ladakh’s first Astro Tourism Festival held?
A) Drass
B) Kargil
C) Nubra
D) Leh
E) Tso Moriri
Answer: D) Leh

Event and Location:

• Event: First-ever Ladakh Astro Tourism Festival concluded
• Location: Leh, Ladakh (including Hanle Dark Sky Reserve)
• Date: June 29, 2025 (Festival concluded on Saturday)

Mandates and Objectives:

• Mandates: The Department of Tourism, Ladakh, in collaboration with the Indian Institute of Astrophysics (IIA), Bengaluru, organized a two-day Astro Tourism Festival at Leh.
• Objectives: To promote Astro Tourism as a niche travel segment in Ladakh by leveraging the region’s high-altitude, dry climate, and low light pollution ideal for celestial observation.

Important Terms Explained:

• Astro Tourism: A form of tourism where travellers visit destinations known for clear night skies to observe stars, planets, and other celestial bodies, often supported by telescope-guided experiences.
• Hanle Dark Sky Reserve: India’s first officially designated Dark Sky Reserve, located in Hanle, Ladakh. It is one of the world’s highest-located astronomical observatories with minimal light pollution.
• Indian Institute of Astrophysics (IIA): A premier Indian research institute based in Bengaluru, specializing in astronomy and astrophysics, operating under the Department of Science and Technology (DST).

Tabular Summary:

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15. By which year does SBI aim to solarize 4 million homes as part of its rooftop solar programme?
A) FY2025
B) FY2026
C) FY2027
D) FY2030
E) FY2070
Answer: C) FY2027

Event and Location:

• Event: SBI announces target to solarize 4 million homes under its Solar Rooftop Programme
• Location: Nationwide (India)
• Date: June 30, 2025

Mandates and Objectives:

• Mandates: State Bank of India (SBI) unveiled its Solar Rooftop Programme aiming to solarize 4 million homes by FY27 as part of its sustainable finance roadmap.
• Objectives: To support India’s Net Zero 2070 target, accelerate the country’s renewable energy transition, and empower rural and urban households with clean energy solutions.

Important Terms Explained:

• Solar Rooftop Programme: An initiative under which solar photovoltaic panels are installed on residential rooftops to generate renewable electricity, reduce dependency on the grid, and lower carbon emissions.
• Net Zero 2070 Goal: India’s commitment, announced at COP26, to achieve net zero carbon emissions by 2070 through clean energy, technology adoption, and policy measures.
• Corporate Social Responsibility (CSR): A statutory requirement for large companies in India to invest a portion of their profits in social welfare activities such as education, healthcare, rural development, and environmental sustainability.

Tabular Summary:

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16. Which body will provide the strategic direction for the newly approved RDI Scheme?
A) NITI Aayog
B) Department for Promotion of Industry and Internal Trade
C) Reserve Bank of India
D) Anusandhan National Research Foundation
E) Ministry of Skill Development
Answer: D) Anusandhan National Research Foundation

Event and Location:

• Event: Approval of Research Development and Innovation (RDI) Scheme
• Location: New Delhi, India (announced via PIB)
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: The Union Cabinet approved the RDI Scheme with a corpus of ₹1 lakh crore, aimed at promoting research, development, and innovation in strategic and sunrise sectors.
• Objectives:
  • Encourage private sector RDI in strategic/sunrise domains essential for self-reliance and economic security
  • Finance high-TRL (Technology Readiness Level) transformative projects
  • Support acquisition of high-value strategic technologies
  • Set up a Deep-Tech Fund of Funds to support innovation and competitiveness

Important Terms Explained:

• RDI Scheme: A central government initiative to fund long-term, low-interest R&D financing for private sector innovation in emerging and strategic sectors.
• Anusandhan National Research Foundation (ANRF): A government body chaired by the Prime Minister, responsible for strategic oversight of national research and innovation programmes.
• Deep-Tech Fund of Funds (FoF): A pooled fund to invest in deep-technology-focused ventures and innovation ecosystems with long-term strategic importance.
• Technology Readiness Level (TRL): A measure used to assess the maturity level of a particular technology, especially before commercialization or large-scale deployment.

Tabular Summary:

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17. Which mission is aimed at enhancing India’s weather forecasting infrastructure to global standards?
A) Mission Jal Shakti
B) Mission Vayu
C) Mission Mausam
D) Mission Agni
E) Weather Varta Abhiyan
Answer: C) Mission Mausam

Event and Location:

• Event: Upgradation of India’s weather forecasting infrastructure under Mission Mausam
• Location: Nationwide (India), highlighted from Shimla
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Under Prime Minister Narendra Modi’s Mission Mausam, India is enhancing its meteorological infrastructure with the addition of Automated Weather Stations (AWS) and Doppler Radars across vulnerable regions.
• Objectives:
  • Improve real-time weather prediction capability
  • Enhance accuracy of long-range, short-range, and nowcast forecasts
  • Support agricultural, disaster management, and public planning through advanced forecasting
  • Establish India’s weather system as globally competitive and regionally reliable

Important Terms Explained:

• Mission Mausam: A Government of India initiative to upgrade weather forecasting systems, infrastructure, and technology to global standards, enhancing India’s preparedness for extreme weather events.
• Automated Weather Stations (AWS): Stations equipped with sensors to automatically collect weather data (temperature, humidity, rainfall, wind speed, etc.) in real time without human intervention.
• Doppler Radar: A specialized radar that uses the Doppler effect to measure velocity of particles, enhancing the accuracy of precipitation tracking and severe weather prediction.
• Nowcast: Very short-range weather forecasting typically covering the next 1 to 3 hours, crucial for warnings about localised, high-impact events like thunderstorms or cloudbursts.

Tabular Summary:

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18. Under the ELI Scheme, how much incentive is provided to first-time employees as one month’s wage?
A) ₹10,000
B) ₹12,500
C) ₹15,000
D) ₹5,000
E) ₹20,000
Answer: C) ₹15,000

Event and Location:

• Event: Approval of Employment Linked Incentive (ELI) Scheme by Union Cabinet
• Location: New Delhi, India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the ELI Scheme with a budget outlay of ₹99,446 crore to boost employment creation across sectors.
• Objectives:
  • Support the generation of 3.5 crore jobs over two years (Aug 2025–July 2027)
  • Offer incentives to first-time employees and employers for new job creation
  • Promote formalisation and social security through EPFO-linked employment
  • Focus on manufacturing sector by extending incentives beyond two years

Important Terms Explained:

• Employment Linked Incentive (ELI) Scheme: A job-creation scheme with two components—support for first-time employees and employer incentives for new employment, especially in the manufacturing sector.
• EPFO (Employees’ Provident Fund Organisation): A statutory body under the Ministry of Labour and Employment that manages retirement and social security benefits for salaried employees.
• DBT (Direct Benefit Transfer): A government mechanism to transfer subsidies or incentives directly into beneficiaries’ bank accounts using Aadhar-linked systems.
• Financial Literacy Programme: A structured training module under Part A of ELI that first-time employees must complete to receive the full benefit.

Tabular Summary:

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19. Which institute has partnered with Tata Power-DDL to develop future-ready talent for the power distribution sector?
A) IIM Ahmedabad
B) IIT Delhi
C) IIM Kozhikode
D) IISc Bengaluru
E) IIM Bangalore
Answer: C) IIM Kozhikode

Event and Location:

• Event: MoU signed between IIM Kozhikode and Tata Power Delhi Distribution Ltd (Tata Power-DDL)
• Location: Kochi, Kerala (IIM Kozhikode)
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: IIM Kozhikode and Tata Power-DDL signed a strategic Memorandum of Understanding (MoU) to collaborate on training, capacity building, and research in the power sector.
• Objectives:
  • Develop a skilled, future-ready workforce for India’s and global energy markets
  • Design and deliver training on smart grids, renewable integration, AI in power systems, and digital transformation
  • Bridge academic excellence and industry best practices through joint workshops, research, and consulting
  • Foster leadership development, sustainability, and ESG integration in the power distribution sector

Important Terms Explained:

• Tata Power-DDL (Delhi Distribution Ltd): A joint venture between Tata Power and the Government of NCT of Delhi, responsible for electricity distribution in North and North-West Delhi.
• Smart Grids: Advanced electricity networks that use digital communication and automation to efficiently manage and deliver power.
• ESG (Environmental, Social, Governance): A framework used to assess an organization’s ethical impact and sustainability performance.
• Energy Transition: The shift from fossil fuel-based systems to renewable and low-carbon energy sources.

Tabular Summary:

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20. How many new species were added to India’s fauna and flora in the year 2024?
A) 410 fauna and 433 flora
B) 683 fauna and 433 flora
C) 683 flora and 410 fauna
D) 459 fauna and 410 flora
E) 459 flora and 224 fauna
Answer: B) 683 fauna and 433 flora

Event and Location:

• Event: 683 new species added to India’s fauna and 433 taxa to flora in 2024
• Location: India (Pan-India scope, especially Kerala, Karnataka, Northeast, Western Ghats)
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Union Minister for Environment, Forest and Climate Change announced the inclusion of 683 new faunal species and 433 floral taxa to India’s biodiversity database for 2024.
• Objectives: To strengthen documentation of India’s biodiversity, recognize ecological hotspots, and inform conservation strategies through verified species records.

Important Terms Explained:

• Faunal Discoveries: Refers to the newly identified or recorded animal species in a specific region or time frame.
• Floral Taxa: Categories of plant life, including new species and subspecies, added to biodiversity records.
• New Records: Species already known to science but documented in India for the first time, contributing to national biodiversity data.

Tabular Summary:

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21. Where was the first-ever ASEAN–India Cruise Dialogue inaugurated by Union Minister Sarbananda Sonowal in June 2025?
A) Kochi
B) Chennai
C) Vishakhapatnam
D) Port Blair
E) Mumbai
Answer: B) Chennai

Event and Location:

• Event: Inauguration of the first-ever ASEAN–India Cruise Dialogue
• Location: Chennai, Tamil Nadu, India (MV Empress at Chennai Port and Mamallapuram)
• Date: 30 June 2025

Mandates and Objectives:

• Mandates: The ASEAN–India Cruise Dialogue was inaugurated to discuss collaboration between India and ASEAN countries for cruise tourism, infrastructure development, and maritime connectivity in the Indo-Pacific.
• Objectives: To strengthen maritime cooperation, promote sustainable cruise tourism, enhance cultural and commercial connectivity, and position India and ASEAN as the hub of cruise tourism in the Global South.

Important Terms Explained:

• ASEAN (Association of Southeast Asian Nations): A regional intergovernmental organization of ten Southeast Asian countries aimed at promoting political, economic, and cultural cooperation.
• Sagar Mala Initiative: A flagship programme of the Indian government aimed at port modernization, connectivity enhancement, and promoting port-led development.
• Maritime Amrit Kaal Vision 2047: A long-term strategic vision to transform India into a global maritime power with sustainable and futuristic port infrastructure and blue economy growth.
• Cruise Bharat Mission: A Government of India initiative to boost domestic and international cruise tourism through modern cruise terminals, policy reform, and industry partnerships.
• National Cruise Tourism Strategy: A framework developed to promote India as a prime cruise destination with enhanced infrastructure, regulatory alignment, and marketing.

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22. What is the main objective of the ‘BhashaSetu’ challenge launched under the WaveX Startup Accelerator Platform?
A) To promote quantum computing in India
B) To develop multilingual AI translation solutions
C) To encourage electric vehicle manufacturing
D) To build blockchain-based voting systems
E) To launch satellite communication networks
Answer: B) To develop multilingual AI translation solutions

Event and Location:

• Event: Launch of BhashaSetu Challenge under WaveX Startup Accelerator
• Location: Nationwide (India)
• Date: 30 June 2025

Mandates and Objectives:

• Mandates: The Ministry of Information & Broadcasting launched the ‘BhashaSetu’ challenge under WaveX to invite AI-powered prototype solutions for real-time translation, transliteration, and voice localization across Indian languages.
• Objectives: To develop inclusive, affordable, and scalable real-time language technology for 12 Indian languages, fostering accessibility, linguistic equity, and innovation in AI-driven communication.

Important Terms Explained:

• WaveX: A startup accelerator platform under the Ministry of Information & Broadcasting’s WAVES initiative, aimed at supporting innovation in media, entertainment, and language tech through hackathons, mentorship, and incubation.
• BhashaSetu: An AI-powered national challenge aimed at developing real-time language translation, transliteration, and voice technology tools for at least 12 Indian languages.
• WAVES Initiative: A broader government framework to empower media and tech innovation, through platforms like WaveX, national summits, and technology challenges.

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23. What is the main objective of the Digi-Lakshmi Scheme launched by the Andhra Pradesh government?
A) Providing free laptops to rural women
B) Supporting startups in the IT sector
C) Setting up CSCs run by SHG women to promote digital entrepreneurship
D) Offering insurance to women-led enterprises
E) Building skill parks for tribal youth
Answer: C) Setting up CSCs run by SHG women to promote digital entrepreneurship

Event and Location:

• Event: Launch of Digi-Lakshmi Scheme for SHG women
• Location: Andhra Pradesh
• Date: 1 July 2025

Mandates and Objectives:

• Mandates:
  • The state government will establish 9,034 Common Service Centres (CSCs) across urban local bodies in Andhra Pradesh under the Digi-Lakshmi Scheme, operated by eligible SHG women.
• Objectives:
  • To empower Self-Help Group (SHG) women by turning them into digital entrepreneurs, support the SHG to SME transformation, and align with the state’s ‘One Family, One Entrepreneur’ vision.

Important Terms Explained:

• Digi-Lakshmi Scheme:
  • A women empowerment initiative launched by the Andhra Pradesh government aiming to promote digital entrepreneurship by allowing SHG women to operate CSCs in their urban communities.
• Common Service Centres (CSCs):
  • Government-designated physical centres providing digital services such as government certificates, bill payments, insurance, and more to citizens. Operated under CSC e-Governance Services India Limited.
• SHG to SME:
  • A strategic goal to transform Self-Help Groups (SHGs) into Small and Medium Enterprises (SMEs) by enabling income-generating ventures and entrepreneurship.
• ATOM Kiosk:
  • A standardized model or prototype of CSCs to ensure uniformity and consistency in services across the state.
• MEPMA (Mission for Elimination of Poverty in Municipal Areas):
  • A state-level mission in Andhra Pradesh facilitating urban poverty alleviation and empowerment of SHG members in cities.

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24. Which two towns in Tamil Nadu will be connected by the newly approved four-lane NH-87 highway expansion?
A) Madurai and Dhanushkodi
B) Rameshwaram and Ramanathapuram
C) Paramakudi and Ramanathapuram
D) Mandapam and Paramakudi
E) Tiruchirapalli and Madurai
Answer: C) Paramakudi and Ramanathapuram

Event and Location:

• Event: Cabinet approval for 4-lane expansion of NH-87
• Location: Tamil Nadu, India
• Date: 1 July 2025

Mandates and Objectives:

• Mandates:
  • The Union Cabinet approved the widening of the Paramakudi–Ramanathapuram stretch of National Highway-87 (NH-87) into a four-lane road at a cost of ₹1,853.16 crore.
• Objectives:
  • To decongest the existing two-lane road, enhance regional and multimodal connectivity, improve road safety, promote tourism and trade, and support infrastructure development in southern Tamil Nadu.

Important Terms Explained:

• National Highway-87 (NH-87):
  • A key highway in Tamil Nadu connecting major cities including Paramakudi, Ramanathapuram, and Rameshwaram, which currently operates as a congested two-lane road.
• Hybrid Annuity Mode (HAM):
  • A Public-Private Partnership (PPP) model where the government pays 40% of the project cost during construction, and the developer bears the remaining 60% and recovers it through annuity payments.
• Multimodal Connectivity:
  • An integrated transport approach that links roadways with railways, ports, and airports for seamless travel and goods movement. In this project, NH-87 will connect with Madurai Airport, Rameshwaram and Madurai railway stations, and minor ports at Pamban and Rameshwaram.

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25. What is the name of the new Indian Railways super app integrating ticket booking, PNR tracking, and Rail Madad services?
A) IRCTC Connect
B) RailLink
C) RailOne
D) UTSonRail
E) OneRail
Answer: C) RailOne

Event and Location:

• Event: Launch of Indian Railways’ unified RailOne super app
• Location: Pan India
• Date: 1 July 2025

Mandates and Objectives:

• Mandates:
  • Indian Railways launched RailOne, a unified digital super app that consolidates reserved/unreserved ticketing, PNR tracking, train status, coach position, Rail Madad, and more.
• Objectives:
  • To simplify user access to railway services, improve booking and enquiry efficiency, and address app fragmentation by integrating multiple platforms into a single user-friendly solution.

Important Terms Explained:

• RailOne App:
  • A new super app by Indian Railways, combining key services like IRCTC booking, unreserved tickets (UTS), PNR tracking, Rail Madad, and R-Wallet into one platform with a single-sign-on interface.
• R-Wallet:
  • A digital wallet linked to RailOne, allowing passengers to make cashless transactions for tickets and other railway services using biometric or mPIN login.
• Tatkal Booking Authentication:
  • From July 1, 2025, only verified users (via Aadhaar or DigiLocker) will be allowed to book Tatkal tickets, increasing transparency and reducing misuse.

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Over All Review

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