Daily Current Affairs July 02

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 02. 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 02 | Daily Current Affairs 2025

Important Days – Daily Current Affairs July 02

1. What is the official theme of World Sports Journalists Day 2025?
A) Celebrating Sports Media Globally
B) Voices Behind the Victory
C) Telling the Story, Living the Game
D) Championing Fair Play: Reporting with Integrity and Impact
E) Beyond the Game: Words that Matter
Answer: D) Championing Fair Play: Reporting with Integrity and Impact

Event and Location:

• Event: Celebration of World Sports Journalists Day 2025
• Location: Global
• Date: July 2, 2025

Mandates and Objectives:

• Mandates: Observed annually on July 2, World Sports Journalists Day honors sports media professionals who report, narrate, and analyze sports with integrity and passion.
• Objectives: To recognize the role of sports journalists in shaping public sports narratives, promote ethical sports journalism, and inspire the next generation of media professionals.

Important Terms Explained:

• World Sports Journalists Day: An international observance started in 1994, commemorating the founding of AIPS (International Sports Press Association) in 1924.
• AIPS: The International Sports Press Association, established to support sports journalists and advocate for press freedom in sports reporting.
• Theme 2025 – “Championing Fair Play: Reporting with Integrity and Impact”: Emphasizes ethical journalism, transparency, and the social responsibility of sports reporters.

Tabular Summary:

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2. Which prize-winning literary work will be featured in the 9th Mysuru Literature Festival 2025 through a panel with its creators?
A) Midnight’s Children
B) Heart Lamp
C) Gitanjali
D) The God of Small Things
E) Tomb of Sand
Answer: B) Heart Lamp

Event and Location:

• Event: 9th Edition of Mysuru Literature Festival
• Location: Mysuru, Karnataka (Hotel Southern Star)
• Date: July 5–6, 2025

Mandates and Objectives:

• Mandates: The Mysuru Literary Forum Charitable Trust and Mysuru Book Clubs Charitable Trust will host the 9th Mysuru Literature Festival, featuring acclaimed authors, journalists, translators, and public intellectuals.
• Objectives: To celebrate literature, foster regional and global literary dialogue, and highlight themes like translation, journalism, wildlife conservation, and political history through diverse panel discussions and book releases.

Important Terms Explained:

• Heart Lamp: A Kannada story collection translated into English by Deepa Bhasthi, written by Banu Mushtaq, which won the International Booker Prize 2025.
• Mysuru Literature Festival: An annual literary event bringing together national and international authors, thinkers, and readers to discuss writing, society, and creativity.
• Operation Sindoor Panel: A key discussion on Indo-Pak conflict risk analysis, highlighting geopolitical journalism featuring Vishnu Som and Shiv Aroor.

Tabular Summary:

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Ranking – Daily Current Affairs July 02

3. According to the Hurun Global Unicorn Index 2025, which country ranks third in the world by the number of unicorns?
A) China
B) United Kingdom
C) India
D) Germany
E) France
Answer: C) India

Event and Location:

• Event: Release of the Hurun Global Unicorn Index 2025
• Location: Global (India ranks 3rd)
• Date: July 2, 2025

Mandates and Objectives:

• Mandates: The Hurun Research Institute published the Global Unicorn Index 2025, ranking countries and cities by the number of privately held startups valued at over $1 billion (unicorns).
• Objectives: To map global innovation trends, identify startup hubs, highlight sectoral growth areas, and showcase how nations like India are shaping the future of entrepreneurship.

Top 10 Countries by Number of Unicorns – Hurun Global Unicorn Index 2025:

Important Terms Explained:

• Unicorn: A privately held startup company valued at over $1 billion.
• Hurun Global Unicorn Index: An annual report by Hurun Research Institute ranking countries and cities based on the number and value of unicorn startups.
• CEOs & Cities: Unicorn activity is geographically analyzed with city-specific rankings, highlighting San Francisco, Beijing, London, and Bengaluru as global hubs.

Tabular Summary:

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Banking and Finance – Daily Current Affairs July 02

4. What is the effective date of RBI’s new due diligence directions for AePS touchpoint operators?
A) July 1, 2025
B) October 1, 2025
C) January 1, 2026
D) March 31, 2026
E) April 1, 2025
Answer: C) January 1, 2026

Event and Location:

• Event: RBI issues due diligence directions for AePS touchpoint operators
• Location: India
• Date: June 27, 2025

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI) has released directions to streamline the onboarding process of AePS touchpoint operators and enhance fraud risk management under the Payment and Settlement Systems Act, 2007.
• Objectives: The aim is to address recent fraud incidents involving Aadhaar Enabled Payment System (AePS) by strengthening security mechanisms and ensuring the integrity of touchpoint operators.

Important Terms Explained:

• Aadhaar Enabled Payment System (AePS): A bank-led, NPCI-operated platform that allows interoperable financial transactions using Aadhaar authentication, including services like cash withdrawal, balance inquiry, and fund transfers.
• Touchpoint Operators: Business correspondents or agents who facilitate AePS transactions at the last-mile, especially in rural or underbanked areas.
• Payment and Settlement Systems (PSS) Act, 2007: Legislation governing payment systems in India; empowers RBI to regulate and supervise systems ensuring security and public trust.

Tabular Summary:

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5. When will the Reserve Bank of India (Project Finance) Directions, 2025 come into effect?
A) May 3, 2025
B) July 1, 2025
C) October 1, 2025
D) January 1, 2026
E) April 1, 2026
Answer: C) October 1, 2025

Event and Location:

• Event: Issuance of Reserve Bank of India (Project Finance) Directions, 2025
• Location: India
• Date: July 1, 2025 (Final guidelines issued)

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI) has issued final directions on Project Finance after incorporating feedback from around 70 stakeholders including banks, NBFCs, and government entities.
• Objectives: The goal is to standardize norms for income recognition, asset classification, and provisioning related to project loans while enabling a principle-based stress resolution regime and risk-aligned flexibility for lenders.

Important Terms Explained:

• Project Finance: A financing structure used for funding long-term infrastructure and industrial projects, where repayment is primarily from project cash flows.
• DCCO (Date of Commencement of Commercial Operations): The officially recognized date from which a project begins its commercial operations.
• CRE (Commercial Real Estate): Loans extended for real estate projects that generate income, such as office buildings or malls.
• CRE-RH (Commercial Real Estate – Residential Housing): A sub-category of CRE loans focused on housing projects.
• Standard Asset Provisioning: A regulatory requirement for financial institutions to set aside a percentage of loan value as a buffer against potential defaults, even when the asset is not yet classified as non-performing.

Tabular Summary:

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6. What is the primary strategy adopted by the newly launched Sundaram Multi-Factor Fund?
A) Sector rotation strategy
B) Passive index tracking
C) Multi-factor quantitative model
D) Thematic stock picking
E) Fixed income allocation
Answer: C) Multi-factor quantitative model

Event and Location:

• Event: Launch of Sundaram Multi-Factor Fund NFO
• Location: India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Sundaram Mutual Fund has launched a New Fund Offer (NFO) for an open-ended equity scheme based on a multi-factor investment strategy, accepting subscriptions from July 2 to July 16, 2025.
• Objectives: The objective is to generate long-term capital appreciation by investing in equity and related instruments using a rule-based, multi-factor model focusing on Quality, Growth, Momentum, Value, and Size.

Important Terms Explained:

• New Fund Offer (NFO): A first-time subscription window for a new mutual fund scheme before it opens for continuous purchase and redemption.
• Multi-Factor Model: A quantitative investment strategy that selects stocks based on several factors including Quality, Growth, Momentum, Value, and Size to enhance diversification and optimize risk-adjusted returns.
• Risk-Adjusted Returns: A measure of the returns of an investment compared to the amount of risk taken, used to evaluate portfolio efficiency.

Tabular Summary:

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7. What is the primary objective of SPREE 2025 launched by ESIC?
A) Promote digitization in factories
B) Increase contribution rates
C) Expand social security coverage
D) Provide free insurance to all government workers
E) Start medical camps in rural areas
Answer: C) Expand social security coverage

Event and Location:

• Event: Launch of SPREE 2025 (Scheme for Promotion of Registration of Employers and Employees)
• Location: Shimla, Himachal Pradesh (196th ESIC Meeting)
• Date: July 2, 2025

Mandates and Objectives:

• Mandates: The Employees’ State Insurance Corporation (ESIC) launched SPREE 2025, a time-bound scheme to promote registration of unregistered employers and employees, including contractual and temporary workers, under the ESI Act.
• Objectives: To broaden the scope of social security coverage, encourage voluntary compliance, and reduce fear of retrospective penalties by offering a one-time registration window with immunity from inspections and past dues.

Important Terms Explained:

• SPREE 2025: A special initiative titled Scheme for Promotion of Registration of Employers and Employees, aiming to bring unregistered units into the formal ESI system without facing penalties for earlier non-compliance.
• ESI Act: The Employees’ State Insurance Act, 1948, provides for health insurance and social security to workers in case of sickness, maternity, injury, or death due to employment injury.
• ESIC (Employees’ State Insurance Corporation): A statutory corporate body under the Ministry of Labour & Employment, responsible for administering the ESI scheme.

Tabular Summary:

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8. According to the Bank of Baroda report, what is the expected trading range for India’s 10-year bond yield in July 2025?
A) 5.90%-6.00%
B) 6.10%-6.20%
C) 6.25%-6.35%
D) 6.40%-6.50%
E) 6.50%-6.60%
Answer: C) 6.25%-6.35%

Event and Location:

• Event: Bank of Baroda report projects softening bias in India’s 10-year bond yield
• Location: India (with global influences)
• Date: July 2, 2025

Mandates and Objectives:

• Mandates: Bank of Baroda released a report forecasting that India’s 10-year bond yield will likely trade in the 6.25%-6.35% range in July 2025.
• Objectives: To inform market participants of expected trends in bond yields based on macroeconomic conditions, geopolitical tensions, inflation outlook, and RBI’s policy signals.

Important Terms Explained:

• 10-Year Bond Yield: The return an investor can expect from holding a government bond with a 10-year maturity. It is a key indicator of market sentiment and interest rate expectations.
• Overnight Indexed Swap (OIS): A derivative used by traders to hedge against or speculate on interest rate movements based on the overnight lending rate.
• Variable Rate Reverse Repo (VRRR): A monetary policy tool used by the RBI to absorb excess liquidity from the banking system by offering variable interest rates in exchange for short-term funds.

Tabular Summary:

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Appointments – Daily Current Affairs July 02

9. Who was appointed as Head of Product at X (formerly Twitter) in June 2025?
A) Parag Agrawal
B) Nikita Bier
C) Blake Lemoine
D) Adam Mosseri
E) Chris Cox
Answer: B) Nikita Bier

Event and Location:

• Event: Appointment of Nikita Bier as Head of Product at X
• Location: Global (with implications for India)
• Date: June 30, 2025

Mandates and Objectives:

• Mandates: Elon Musk-led X appointed Nikita Bier as the new Head of Product, marking a leadership move aimed at enhancing platform features and engagement.
• Objectives: The appointment aims to revitalize product innovation, deepen AI integration through tools like Grok, and improve user experience to attract Gen Z and digital content creators.

Important Terms Explained:

• X (formerly Twitter): A global social media platform rebranded from Twitter after its acquisition by Elon Musk, now emphasizing AI, innovation, and creator-focused tools.
• Grok: X’s artificial intelligence assistant, designed to personalize content feeds and improve real-time content discovery using machine learning.
• tbh and Gas: Viral, community-based social apps focused on anonymous, positive feedback among teens, developed by Nikita Bier and later acquired by Facebook (2017) and Discord (2023) respectively.

Tabular Summary:

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10. Who has been appointed as Executive Director of the Reserve Bank of India effective July 1, 2025?
A) Ramesh Singh
B) Shaktikanta Das
C) T Rabi Sankar
D) Kesavan Ramachandran
E) V. K. Natarajan
Answer: D) Kesavan Ramachandran

Event and Location:

• Event: Appointment of Kesavan Ramachandran as Executive Director of RBI
• Location: India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran, a veteran central banker, as Executive Director, with effect from July 1, 2025.
• Objectives: His appointment aims to strengthen regulatory oversight within the Department of Regulation (Prudential Regulation Division), utilizing his vast experience in risk monitoring, currency management, and banking supervision.

Important Terms Explained:

• Executive Director (ED): A senior-level position in RBI responsible for overseeing policy implementation and regulatory activities across key functional departments.
• Risk Monitoring Department: An RBI division responsible for assessing systemic risks and ensuring sound risk management practices in regulated entities.
• Department of Regulation – Prudential Regulation Division: Handles formulation and implementation of prudential norms related to banking operations including capital adequacy, asset quality, and risk-based supervision.

Tabular Summary:

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11. Which of the following departments will be overseen by Sunil Jayawant Kadam in his role as SEBI Executive Director?
A) Legal Affairs and Enforcement
B) Human Resources and Compliance
C) IT, Investor Assistance, and NISM
D) Mutual Funds and Derivatives
E) Banking Supervision and Credit
Answer: C) IT, Investor Assistance, and NISM

Event and Location:

• Event: Appointment of Sunil Jayawant Kadam as Executive Director at SEBI
• Location: New Delhi, India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Sunil Jayawant Kadam has been appointed as Executive Director at the Securities and Exchange Board of India (SEBI). He will be responsible for key areas including Information Technology, Investor Assistance and Education, and National Institute of Securities Markets (NISM).
• Objectives: To strengthen investor awareness, improve IT infrastructure, and enhance policy and regulatory analysis across SEBI’s operations, while supporting capacity-building in financial markets through NISM.

Important Terms Explained:

• SEBI (Securities and Exchange Board of India): India’s capital market regulator, responsible for protecting investor interests and regulating securities markets.
• NISM (National Institute of Securities Markets): A SEBI-established institute dedicated to education and research in the securities market domain.
• Executive Director (SEBI): A senior-level official responsible for overseeing multiple regulatory and administrative functions across SEBI’s core departments.

Tabular Summary:

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Awards – Daily Current Affairs July 02

12. Which organization won the Environment Excellence Gold Award – Thermal Sector at the 1st Annual GreenEnviro Awards 2025?
A) NTPC Limited
B) Coal India Limited
C) NLC India Limited
D) NHPC Limited
E) BHEL
Answer: C) NLC India Limited

Event and Location:

• Event: NLCIL Thermal Units awarded Environment Excellence Gold – Thermal Sector (2025)
• Location: Lonavala, Maharashtra
• Date: June 19, 2025

Mandates and Objectives:

• Mandates: NLC India Limited (NLCIL) Thermal Units were recognized for their exceptional performance in environmental protection during the GreenEnviro Awards.
• Objectives: To honor NLCIL’s implementation of Environmental Management Systems, natural resource conservation, compliance with statutory environmental laws, and alignment with Just Transition and India’s clean energy goals.

Important Terms Explained:

• Environmental Excellence Gold Award – Thermal Sector: A recognition presented to organizations in the thermal power sector for outstanding contributions to sustainable environmental practices.
• Just Transition: A global strategy to ensure a fair and inclusive shift from high-emission energy sources to sustainable, green energy without leaving workers and communities behind.
• Swachh Urja, Sashakt Bhavishya: A slogan meaning “Clean Energy, Strong Future,” promoting India’s sustainable power generation goals.

Tabular Summary:

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Defence – Daily Current Affairs July 02

13. Which of the following Indian Navy ships was commissioned in Russia in July 2025 under the Project 1135.6 frigate series?
A) INS Udaygiri
B) INS Shivalik
C) INS Vikrant
D) INS Tamal
E) INS Satpura
Answer: D) INS Tamal

Event and Location:

• Event: Induction of stealth frigate Udaygiri and commissioning of INS Tamal into the Indian Navy
• Location: Udaygiri – India; INS Tamal – Kaliningrad, Russia
• Date: July 1, 2025 (Induction and commissioning)

Mandates and Objectives:

• Mandates: The Indian Navy has inducted INS Udaygiri, the second stealth frigate under Project 17A, and commissioned INS Tamal, the eighth stealth frigate under Project 1135.6 (Tushil class) in Russia.
• Objectives: To enhance India’s maritime combat capability, strengthen blue-water operational readiness, and expand Indo-Russian naval cooperation.

Important Terms Explained:

• Project 17A: A class of advanced stealth frigates developed by India, featuring upgraded stealth, weaponry, and automation compared to the earlier Project 17 (Shivalik class).
• Project 1135.6 (Tushil class): A series of stealth frigates built in cooperation with Russia, armed with BrahMos missiles, Shtil-1 SAMs, and HUMSA-NG sonar systems.
• INS Udaygiri: A multi-role stealth frigate built indigenously under Project 17A, showcasing India’s shipbuilding capabilities and MSME ecosystem support.
• INS Tamal: A Tushil-class stealth frigate commissioned in Russia, symbolizing India-Russia defense collaboration, designed for blue-water combat missions.

Tabular Summary:

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14. What strategic milestone does the commissioning of INS Tamal represent for the Indian Navy?
A) Launch of India’s first nuclear submarine
B) Start of India’s joint naval command
C) Completion of India’s first naval cyber unit
D) End of foreign-built warships for India
E) Beginning of India’s submarine fleet expansion
Answer: D) End of foreign-built warships for India

Event and Location:

• Event: Commissioning of INS Tamal into the Indian Navy
• Location: Yantar Shipyard, Kaliningrad, Russia
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: The Indian Navy commissioned INS Tamal (F71), a stealth guided missile frigate under Project 1135.6, at the Yantar Shipyard in Kaliningrad, marking the final foreign-built major warship to be inducted into India’s naval fleet.
• Objectives: To strengthen blue-water operational capability, deepen Indo-Russian defence ties, and signal a strategic pivot toward Aatmanirbhar Bharat and Make in India in naval defence production.

Important Terms Explained:

• Project 1135.6 (Talwar-class): A class of advanced stealth frigates built under Indo-Russian collaboration, equipped for multi-domain warfare with indigenous upgrades.
• Aatmanirbhar Bharat: A national policy to promote self-reliance in critical sectors, including defence manufacturing.
• HUMSA-NG Sonar: An advanced indigenous sonar system used by the Indian Navy for underwater detection and anti-submarine warfare.
• NBC Defence System: Nuclear, Biological, and Chemical protection systems for safeguarding crew and equipment in hazardous environments.

Tabular Summary:

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International Affairs – Daily Current Affairs July 02

15. Where did Finance Minister Nirmala Sitharaman recently call for accountability in multilateral lending to ensure funds are used for their intended purpose?
A) New York
B) Geneva
C) Paris
D) Sevilla
E) New Delhi
Answer: D) Sevilla

Event and Location:

• Event: 4th International Conference on Financing for Development
• Location: Sevilla, Spain
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Finance Minister Nirmala Sitharaman called on Multilateral Development Banks (MDBs) to ensure that their lending aligns with long-term development goals and is monitored rigorously to prevent fund misuse.
• Objectives: To advocate for transparency, accountability, and reform of the international financial architecture, while promoting India’s commitment to South-South and Triangular Cooperation and climate finance enhancement.

Important Terms Explained:

• Multilateral Development Banks (MDBs): International financial institutions (e.g., IMF, World Bank, ADB) that provide financial assistance and policy advice to member countries for developmental projects.
• South-South Cooperation: A framework for collaboration among countries of the Global South in political, economic, and social spheres, sharing knowledge and resources.
• Triangular Cooperation: A partnership where traditional donor countries or multilateral organizations facilitate development activities between two or more developing countries.

Tabular Summary:

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16. Who assumed the presidency of the United Nations Security Council for July 2025?
A) India
B) Turkey
C) Pakistan
D) China
E) Egypt
Answer: C) Pakistan

Event and Location:

• Event: Pakistan assumes presidency of the UN Security Council for July 2025
• Location: United Nations Headquarters, New York
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Pakistan, as a non-permanent member of the United Nations Security Council (UNSC), has assumed the rotating presidency for July 2025.
• Objectives: To lead UNSC discussions with a focus on peaceful dispute resolution, strengthen multilateralism, and prioritize humanitarian concerns, particularly the Israel-Palestine conflict.

Important Terms Explained:

• United Nations Security Council (UNSC): A principal organ of the UN responsible for maintaining international peace and security. It has 15 members—5 permanent and 10 non-permanent elected for two-year terms.
• Rotating Presidency: Each UNSC member holds the presidency for one month in alphabetical order. The role includes presiding over meetings and setting the agenda.
• Two-State Solution: A proposed resolution to the Israel-Palestine conflict envisioning an independent State of Palestine alongside the State of Israel.

Tabular Summary:

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17. What is the newly launched flagship initiative by Quad nations in July 2025 to enhance supply chain resilience?
A) Quad Tech Alliance
B) Quad Maritime Training Initiative
C) Quad Infrastructure Fellows Program
D) Quad Critical Minerals Initiative
E) Quad Ports of the Future Partnership
Answer: D) Quad Critical Minerals Initiative

Event and Location:

• Event: Launch of the Quad Critical Minerals Initiative
• Location: Washington, DC, United States
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: The Quad Foreign Ministers of India, US, Japan, and Australia launched the Quad Critical Minerals Initiative to enhance economic security and diversify critical mineral supply chains.
• Objectives: The initiative aims to strengthen cooperation on securing reliable critical mineral supply, boost investments, and support sustainable economic growth across the Indo-Pacific through resilient, secure infrastructure and advanced maritime collaboration.

Important Terms Explained:

• Quad (Quadrilateral Security Dialogue): A strategic forum of four countries—India, US, Japan, and Australia—focused on regional cooperation, especially in the Indo-Pacific.
• Critical Minerals: Minerals essential for high-tech and clean energy applications (e.g., lithium, cobalt, rare earth elements) that are economically important but have vulnerable supply chains.
• Indo-Pacific Partnership for Maritime Domain Awareness (IPMDA): A Quad initiative to enhance maritime surveillance and regional cooperation through data sharing and capacity building.

Tabular Summary:

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National Affairs – Daily Current Affairs July 02

18. What is the purpose of the RECLAIM framework launched by the Ministry of Coal?
A) To regulate coal pricing for domestic supply
B) To enhance coal production efficiency
C) To guide community development during mine closure
D) To privatize coal mines in partnership with PSUs
E) To set emission caps on thermal plants
Answer: C) To guide community development during mine closure

Event and Location:

• Event: Launch of RECLAIM – A Community Engagement and Development Framework for Mine Closure
• Location: India
• Date: July 4, 2025 (Launch date)

Mandates and Objectives:

• Mandates: The Ministry of Coal, in partnership with the Coal Controller Organisation and Heartfulness Institute, is launching RECLAIM, a structured framework for inclusive community engagement and sustainable development during mine closure phases.
• Objectives: The framework aims to ensure a just transition for mining communities by promoting ecological restoration, socio-economic well-being, and inclusive participation, especially from vulnerable groups and Panchayati Raj Institutions.

Important Terms Explained:

• RECLAIM Framework: A Community Engagement and Development Framework focused on mine closure, offering tools and templates to facilitate participatory, gender-inclusive, and locally relevant development in post-mining regions.
• Mine Closure: The formal process of ending operations at a mining site, including rehabilitation of the environment and ensuring sustainable alternatives for affected communities.
• Panchayati Raj Institutions (PRIs): Decentralized governance bodies at the village level, playing a crucial role in local planning and community development.

Tabular Summary:

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19. What is the name of the internship scheme launched by the Bihar government in July 2025?
A) Bihar Rozgar Mission
B) Yuva Pragati Yojana
C) Mukhya Mantri Pratigya Yojana
D) Skill Seva Yojana
E) Kaushal Internship Abhiyan
Answer: C) Mukhya Mantri Pratigya Yojana

Event and Location:

• Event: Bihar Cabinet approves internship scheme and other welfare initiatives
• Location: Bihar, India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: The Bihar Cabinet, led by CM Nitish Kumar, approved the Mukhya Mantri Pratigya Yojana, a stipend-based internship scheme for youth, along with several other cultural, healthcare, and tourism development measures.
• Objectives: The scheme aims to provide livelihood opportunities, enhance employability for youth aged 18–28, and revive traditional arts and promote religious tourism, especially in view of upcoming state assembly elections.

Important Terms Explained:

• Mukhya Mantri Pratigya Yojana: An internship program offering ₹4,000–₹6,000 per month for youth with educational or skill training backgrounds. Additional support of ₹2,000–₹5,000 is given for internships outside the home district or state.
• Mukhya Mantri Kalakar Pension Yojana: Provides a ₹3,000 monthly pension to senior artists over 50 years old with at least 10 years of experience and annual income below ₹1.2 lakh.
• Guru-Shishya Parampara Yojana: A cultural preservation program offering 2-year traditional art training to safeguard endangered art forms.

Tabular Summary:

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20. Which Indian Union Minister recently met with the UAE Economy Minister to discuss green steel and high-grade aluminium collaboration?
A) Piyush Goyal
B) Hardeep Singh Puri
C) H.D. Kumaraswamy
D) Ashwini Vaishnaw
E) Mansukh Mandaviya
Answer: C) H.D. Kumaraswamy

Event and Location:

• Event: India-UAE high-level meeting to enhance cooperation in green steel and aluminium
• Location: India-UAE bilateral platform (under CEPA framework)
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Union Steel Minister H.D. Kumaraswamy met with UAE Economy Minister H.E. Abdulla Bin Touq Al Marri to explore joint efforts in green steel production and high-grade aluminium manufacturing under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
• Objectives: To support India’s 300 MT steel production target by 2030, strengthen raw material supply chains, foster clean energy-based manufacturing, and promote CPSE-led trade, technology exchange, and infrastructure cooperation.

Important Terms Explained:

• CEPA (Comprehensive Economic Partnership Agreement): A free trade agreement between India and UAE implemented in 2022 to promote bilateral trade and investment across key sectors.
• Green Steel: Steel produced using low-carbon or renewable energy processes to minimize environmental impact, aligning with sustainability goals.
• CPSE (Central Public Sector Enterprises): Government-owned companies involved in strategic industrial sectors like mining, steel, and engineering; in this context, SAIL, NMDC, and MECON are leading engagement with UAE counterparts.

Tabular Summary:

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21. What is the name of the National Sports Policy 2025 approved by the Union Cabinet to strengthen India’s Olympic preparations?
A) Fit India Mission
B) Khelo India Yojana
C) Khelo Bharat Niti
D) Olympic Vikas Abhiyan
E) Bharat Sports Vision 2036
Answer: C) Khelo Bharat Niti

Event and Location:

• Event: Approval of National Sports Policy 2025 (Khelo Bharat Niti)
• Location: New Delhi, India
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Khelo Bharat Niti, a comprehensive national sports policy to boost India’s performance at the global stage, particularly with an eye on the 2036 Olympics.
• Objectives: To promote grassroots to elite sports development, improve sports governance, enhance infrastructure and talent identification, attract private sector investment, and integrate sports with education through NEP 2020.

Important Terms Explained:

• Khelo Bharat Niti: The official name for the National Sports Policy 2025, replacing the 2001 policy; aims at building a modern, inclusive, and high-performance sports ecosystem.
• 2036 Olympics Bid: India is aiming to host the 2036 Olympic and Paralympic Games, with Ahmedabad proposed as the host city.
• National Education Policy 2020 (NEP 2020): A policy framework that integrates sports education in schools, now aligned with the new sports policy for early sports promotion.

Tabular Summary:

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22. Which Karnataka minister recently distributed smart cards to unorganised workers in Hubballi?
A) Priyank Kharge
B) Krishna Byre Gowda
C) Santosh Lad
D) Randeep Surjewala
E) Mahesh Tenginakayi
Answer: C) Santosh Lad

Event and Location:

• Event: Distribution of smart cards to unorganised workers
• Location: Santhe Maidan, Bengeri, Hubballi, Karnataka
• Date: July 2, 2025

Mandates and Objectives:

• Mandates: Labour Minister Santosh Lad inaugurated a smart card distribution drive for unorganised sector workers, jointly organised by the Karnataka State Unorganised Workers’ Social Security Board, transport department, and district administration.
• Objectives: To provide social security, register workers under welfare boards, and extend government schemes to gig workers, transport workers, and families listed on the e-Shram portal.

Important Terms Explained:

• e-Shram Portal: A national database launched by the Ministry of Labour to register unorganised workers for better delivery of welfare schemes.
• Smart Cards: Cards issued to registered unorganised sector workers for accessing benefits under various state and central social security schemes.
• Karnataka State Private Commercial Transport Workers Accident Compensation Scheme: A scheme to compensate transport workers in case of workplace accidents.

Tabular Summary:

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23. How many houses have been completed under the Pradhan Mantri Awas Yojana (PMAY) in Nellore district as of July 2025?
A) 15,250
B) 25,640
C) 45,820
D) 60,000
E) 89,577
Answer: B) 25,640

Event and Location:

• Event: Completion of houses under Pradhan Mantri Awas Yojana (PMAY) in Nellore
• Location: SPSR Nellore district, Andhra Pradesh
• Date: July 1, 2025

Mandates and Objectives:

• Mandates: Completion of 25,640 houses under PMAY out of the 89,577 houses sanctioned in Nellore district.
• Objectives: To provide affordable housing for all eligible beneficiaries under the central government’s flagship housing scheme, contributing to rural and urban development.

Important Terms Explained:

• Pradhan Mantri Awas Yojana (PMAY):
  • A government initiative launched in 2015 to ensure “Housing for All by 2022”, offering financial assistance and subsidies to build pucca houses for the poor in urban and rural areas.
  • Implemented in two parts: PMAY-Urban and PMAY-Gramin.
  • Provides interest subsidy under Credit Linked Subsidy Scheme (CLSS).
• DISHA Committee:
  • District Development Coordination and Monitoring Committee, chaired by the local MP.
  • Ensures proper implementation and coordination of flagship central schemes at the district level.
• Fair Price Shops (FPS):
  • Government-run retail outlets under the Public Distribution System (PDS) that distribute essential commodities like rice, wheat, sugar, and kerosene at subsidized rates to ration card holders.

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24. What is the primary goal of the Jan Suraksha Santrupti Abhiyan launched in Gujarat?
A) Promote digital transactions in rural areas
B) Achieve 100% insurance premium coverage
C) Ensure saturation of key social security schemes
D) Launch new bank branches across the state
E) Train youth in financial literacy
Answer: C) Ensure saturation of key social security schemes

Event and Location:

• Event: Launch of Jan Suraksha Santrupti Abhiyan for universal social security benefit saturation
• Location: Gandhinagar, Gujarat
• Date: July 1, 2025

Mandates and Objectives:

• Mandates:
  • Launch of a statewide campaign to ensure that all eligible citizens receive benefits under various social security schemes.
  • Preparation of district-level action plans by collectors, DDOs, and bank officials to achieve scheme saturation.
  • Direct outreach to underserved and financially excluded citizens.
• Objectives:
  • To bring the last-mile beneficiaries into the mainstream of development through financial inclusion.
  • To fulfill the vision of Viksit Bharat and Viksit Gujarat by empowering citizens socio-economically.
  • To raise awareness about digital fraud prevention, expand insurance coverage, and update Jan Dhan account KYCs.

Important Terms Explained:

• Jan Suraksha Santrupti Abhiyan: A special campaign by the Gujarat government to ensure full coverage of centrally-sponsored social security schemes for eligible citizens.
• Pradhan Mantri Suraksha Bima Yojana (PMSBY): An accident insurance scheme offering ₹2 lakh coverage at ₹12/year for individuals aged 18–70 years.
• Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): A life insurance scheme providing ₹2 lakh coverage at ₹330/year for individuals aged 18–50 years with auto-debit facility.
• Atal Pension Yojana (APY): A government-backed pension scheme for workers in the unorganised sector offering monthly pensions of ₹1,000–₹5,000 based on contribution.
• Jan Dhan Yojana: A financial inclusion program launched to provide universal access to banking services, especially for the unbanked.

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Over All Review

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