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May 07 | Daily Current Affairs 2025

Important Days – Daily Current Affairs May 07

1. When is World Athletics Day celebrated annually to promote the importance of sports and athletics?
A) April 23
B) June 1
C) May 7
D) July 17
E) May 15
Answer: C) May 7

Event and Location:

• Event: Celebration of World Athletics Day 2025
• Location: Observed internationally, including schools, colleges, and sports institutions around the world

Mandates and Objectives:

• Promotion of Sports: Encourage participation in sports and physical activity, especially among youth
• Awareness Objective: Highlight the physical and mental health benefits of athletics
• Inclusivity Goal: Reinforce the importance of accessible and inclusive sporting activities
• Environmental Consciousness: Promote awareness of the link between environmental conditions and physical well-being
• Cultural Emphasis: Instil values like perseverance, teamwork, and sportsmanship through athletics

Important Terms Explained:

• World Athletics Day: An annual global event initiated in 1996 by the International Association of Athletics Federations (IAAF) to promote athletics across all age groups
• World Athletics: The current name of the IAAF since 2019, which is the international governing body for the sport of athletics
• Primo Nebiolo: Former president of IAAF who played a crucial role in launching World Athletics Day
• Athletics: A collection of sporting events that involve competitive running, jumping, throwing, and walking

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2. On which date is International No Diet Day observed annually to promote body positivity and reject diet culture?
A) April 20
B) May 6
C) June 1
D) March 8
E) July 12
Answer: B) May 6

Event and Location:

• Event: Observance of International No Diet Day 2025
• Location: Celebrated globally, first initiated in the United Kingdom

Mandates and Objectives:

• Body Positivity Goal: Promote self-acceptance and appreciation of diverse body types
• Cultural Reform: Challenge the myths and dangers of diet culture, fatphobia, and beauty standards
• Health Education: Encourage mindful eating, mental well-being, and sustainable lifestyle choices
• Awareness Aim: Highlight risks of eating disorders and body shaming, especially among youth
• Empowerment Focus: Replace restrictive dieting with inclusive and intuitive health practices

Important Terms Explained:

• International No Diet Day: An awareness day celebrated annually on May 6 to promote body diversity, mental wellness, and the rejection of extreme dieting norms
• Diet Culture: A societal system that equates thinness to health and moral value, often leading to harmful behaviors and poor mental health
• Mindful Eating: A practice that encourages attentiveness to hunger and fullness cues without guilt or restriction
• Fatphobia: Discrimination or bias against people in larger bodies, often reinforced by media and healthcare settings

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3. Which state has announced May 5 as Traders Day to honor the trading community and support SMEs?
A) Karnataka
B) Maharashtra
C) Tamil Nadu
D) Gujarat
E) Andhra Pradesh
Answer: C) Tamil Nadu

Event and Location:

• Event: Declaration of May 5 as Traders Day to recognize the contribution of traders
• Location: Tamil Nadu, announced by CM M.K. Stalin at a traders’ meet in Chennai

Mandates and Objectives:

• Recognition Goal: Acknowledge the economic contributions of the trading community in Tamil Nadu
• Financial Welfare: Increase financial assistance to traders from ₹3 lakh to ₹5 lakh
• Regulatory Reforms: Introduce self-assessment for food businesses under 500 sq ft and extend 24×7 operation permission for commercial units
• Grievance Redressal: Establish panels under Greater Chennai Corporation (GCC) and other local bodies
• Cultural Promotion: Encourage use of Tamil language in signage to preserve regional identity

Important Terms Explained:

• Traders Day: A newly designated day to celebrate and support the trading community, marking May 5 as a day of recognition in Tamil Nadu
• Tamil Nadu Traders Welfare Board: A state initiative aimed at supporting the welfare of traders, including financial aid and policy advocacy
• Self-Assessment System: A simplified regulatory approach where small food businesses self-certify compliance, reducing bureaucratic hurdles
• GCC (Greater Chennai Corporation): The civic body governing the city of Chennai, responsible for implementing trader-related reforms locally

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Ranking – Daily Current Affairs May 07

4. According to the IMF’s April 2025 report, which country is India projected to surpass to become the world’s 4th largest economy by GDP?
A) United Kingdom
B) Germany
C) France
D) Japan
E) Brazil
Answer: D) Japan

Event and Location:

• Event: India projected to become the 4th largest economy by GDP
• Location: As per global data released by the International Monetary Fund (IMF), headquartered in Washington D.C., USA

Mandates and Objectives:

• Projection Purpose: Reflect India’s rise in global economic rankings by nominal GDP
• Economic Goal: Reach $5 trillion GDP by 2027 and $6.8 trillion by 2030
• Current Target: Surpass Japan in 2025 with a GDP of $4.187 trillion
• Policy Reflection: Emphasize India’s robust economic momentum driven by private investment and rural consumption
• Global Standing: Reinforce India’s position as a fast-growing major economy

Important Terms Explained:

• IMF (International Monetary Fund): A global financial institution created in 1944 to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty
• Nominal GDP: A country’s gross domestic product measured using current market prices, without adjusting for inflation
• Economic Ranking by GDP: A comparative metric to rank countries based on the total monetary value of all goods and services produced within a nation in a given year
• Growth Rate: The annual percentage increase in the country’s economic output, used to gauge economic health

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5. What is India’s rank in the 2025 Human Development Report released by UNDP, and what is its updated HDI value?
A) 128th, 0.675
B) 133rd, 0.676
C) 130th, 0.685
D) 131st, 0.672
E) 129th, 0.680
Answer: C) 130th, 0.685

Event and Location:

• Event: Release of 2025 Human Development Report (HDR) highlighting India’s improved Human Development Index (HDI)
• Location: Published globally by United Nations Development Programme (UNDP)

Mandates and Objectives:

• Primary Goal: Track global progress in human development using indicators like life expectancy, education, and income
• India’s Achievement: Improvement in HDI rank from 133rd (2022) to 130th (2023)
• Health Objective: Highlight gains in life expectancy due to national programs
• Education Aim: Assess improvements in schooling due to policies like NEP 2020 and Right to Education Act
• Future Focus: Stress the role of Artificial Intelligence (AI) in shaping development

Important Terms Explained:

• Human Development Index (HDI): A composite index measuring average achievement in three basic dimensions—health, education, and standard of living
• UNDP (United Nations Development Programme): A UN body focused on global development, poverty reduction, and sustainability
• Multidimensional Poverty: A measure of poverty that includes various deprivations in health, education, and living standards
• GNI per capita: Gross National Income divided by population, adjusted for purchasing power parity
• NEP 2020 (National Education Policy): India’s reformed education policy aimed at inclusive and holistic learning
• AI Penetration: The proportion of professionals with AI-related skills in a country; India leads in the region

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Banking and Finance – Daily Current Affairs May 07

6. What is the name of the large-scale staff engagement and training initiative launched by SBI in 2025?
A) FutureFirst
B) SBI Udaan
C) Next LEAP
D) Project Aspire
E) BankForce
Answer: C) Next LEAP

Event and Location:

• Event: Launch of SBI’s largest staff engagement and development initiative
• Location: Pan-India implementation across all SBI branches and offices

Mandates and Objectives:

• Workforce Modernization: Equip 2.3 lakh+ employees with future-ready digital and behavioral skills
• Employee Engagement: Strengthen emotional connection and organizational pride through leadership interaction
• Performance Enhancement: Improve operational productivity and customer service delivery
• Leadership Pipeline: Implement succession planning for grooming senior executives
• Learning Transformation: Adopt centralized Learning Management System (LMS) aligned with individual goals

Important Terms Explained:

• Next LEAP: A high-impact leadership engagement and skill adequacy programme introduced by SBI to prepare employees for future challenges through top-down interaction
• SuPer SBI: Great to Greater: A training module under the initiative, targeting over 1.75 lakh employees to build attitude, skills, and institutional pride
• Learning Management System (LMS): A tech-enabled platform used to deliver, track, and manage employee training content and performance plans
• Succession Planning: A strategic policy to ensure leadership continuity by preparing internal talent for higher roles in advance
• IDPs (Individual Development Plans): Personalized training blueprints aligned with employee roles and growth paths

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Business and Economy – Daily Current Affairs May 07

7. What is the revised 2025 GDP growth forecast for India as per Moody’s May 2025 Global Macro Outlook?
A) 6.7%
B) 6.5%
C) 6.2%
D) 6.3%
E) 6.0%
Answer: D) 6.3%

Event and Location:

• Event: Moody’s Ratings revised India’s 2025 GDP forecast downward in its Global Macro Outlook May 2025 update
• Location: Report published globally by Moody’s, headquartered in the United States

Mandates and Objectives:

• Forecast Objective: Reevaluate global and domestic economic prospects for 2025–2026
• India-Specific Update: Downgrade India’s 2025 GDP growth forecast from 6.5% to 6.3%
• Stabilization Projection: Maintain 6.5% growth forecast for 2026, expecting recovery post-volatility
• Monetary Support: Expectation of RBI rate easing to bolster domestic demand
• Risk Response: Highlight the impact of trade policy unpredictability and cross-border investment caution

Important Terms Explained:

• Moody’s Ratings: One of the world’s top three credit rating agencies, it provides economic forecasts and sovereign credit risk evaluations
• GDP Forecast: Projected percentage growth of a country’s economy based on various macroeconomic indicators
• Geopolitical Tensions: Situations involving political instability between nations (e.g., India-Pakistan, US-China) that influence economic and investment conditions
• Policy Rate Easing: When a central bank like RBI lowers interest rates to stimulate economic activity
• Global Macro Outlook: Moody’s flagship publication offering short-term macroeconomic forecasts

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Appointments – Daily Current Affairs May 07

8. Who has been recommended by FSIB as the new CMD of Oriental Insurance Company Ltd. in 2025?
A) Amit Misra
B) R.R. Singh
C) Rajiv Kumar
D) Sanjay Joshi
E) Manoj Pandey
Answer: D) Sanjay Joshi

Event and Location:

• Event: Sanjay Joshi recommended as Chairman-cum-Managing Director (CMD) of Oriental Insurance Company Ltd. (OICL)
• Location: New Delhi, India

Mandates and Objectives:

• Leadership Appointment: Fill the top vacancy in OICL after the retirement of former CMD R.R. Singh
• Stability Focus: Ensure continuity and leadership stability in India’s public sector insurance sector
• Governance Goal: Execute a merit-based and transparent selection through FSIB
• Strategic Vision: Guide OICL through sectoral reforms, policy shifts, and corporate realignment

Important Terms Explained:

• FSIB (Financial Services Institutions Bureau): The central recommending body for appointing CMDs and Directors in public sector banks, insurers, and financial institutions
• CMD (Chairman-cum-Managing Director): The highest executive position in public sector financial organizations, combining board leadership with day-to-day operations oversight
• OICL (Oriental Insurance Company Limited): One of the four key government-owned general insurance companies in India
• General Insurance: Insurance that covers assets and liabilities other than life, such as health, vehicles, property, etc.

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9. Who recently became the Chancellor of Germany after winning a second Bundestag vote following an initial defeat?
A) Olaf Scholz
B) Angela Merkel
C) Friedrich Merz
D) Armin Laschet
E) Annalena Baerbock
Answer: C) Friedrich Merz

Event and Location:

• Event: Friedrich Merz becomes Chancellor of Germany after a dramatic Bundestag vote
• Location: Berlin, Germany, in the German Bundestag (Parliament)

Mandates and Objectives:

• Economic Stabilization: Tackle Germany’s recession and revitalize export-driven growth
• European Leadership: Strengthen Germany’s global and EU influence, particularly on migration policy and support for Ukraine
• Coalition Governance: Maintain unity within the CDU-SPD coalition despite ideological differences
• Crisis Resolution: Restore political confidence following an unprecedented initial Bundestag vote loss

Important Terms Explained:

• Bundestag: The federal parliament of Germany responsible for electing the Chancellor
• Christian Democratic Union (CDU): A center-right political party in Germany led by Friedrich Merz
• Social Democratic Party (SPD): A center-left political party, coalition partner in the new German government
• Chancellor: The head of government in Germany, equivalent to a Prime Minister in other parliamentary democracies
• Second Vote Mechanism: A provision allowing a second vote in the Bundestag when no chancellor candidate secures a majority in the first round

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Science and Technology – Daily Current Affairs May 07

10. When is India’s first crewed spaceflight under the Gaganyaan mission now scheduled to take place?
A) 2025
B) Mid-2026
C) Early 2027
D) Late 2027
E) 2028
Answer: C) Early 2027

Event and Location:

• Event: Final phase announcement of India’s Gaganyaan human spaceflight mission
• Location: Declared at National Media Centre, New Delhi, India

Mandates and Objectives:

• Mission Objective: Launch India’s first crewed human spaceflight mission into Low-Earth Orbit (LEO)
• Launch Timeline: First crewed mission scheduled for the first quarter of 2027
• Crew Target: Send three astronauts into space for up to seven days
• Program Aim: Achieve independent human spaceflight capability and showcase cost-effective space tech
• Strategic Alignment: Supports India’s long-term goals of a Bharatiya Antariksha Station by 2035 and Moon landing by 2040

Important Terms Explained:

• Gaganyaan: India’s flagship human spaceflight mission by ISRO, approved in 2018 with a budget of ₹10,000 crore
• ISRO (Indian Space Research Organisation): India’s national space agency responsible for launching and managing space missions
• LVM3 (Launch Vehicle Mark-3): A human-rated rocket used for Gaganyaan missions, adapted from ISRO’s heaviest launch vehicle
• TV-D1 and TV-D2: Test Vehicle Demonstration missions validating safety systems like crew escape and abort
• Crew Escape System: A safety mechanism to protect astronauts during launch failures
• Low-Earth Orbit (LEO): A region of space within 2,000 km of Earth’s surface used for Gaganyaan’s initial missions

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International Affairs – Daily Current Affairs May 07

11. Which of the following statements best reflects the India–UK Free Trade Agreement signed on May 6, 2025?
A) It excludes services and investment cooperation
B) It eliminates all tariffs immediately for both countries
C) It grants 99% of Indian exports zero-duty access to the UK
D) It focuses only on agricultural trade
E) It includes China as a third-party signatory
Answer: C) It grants 99% of Indian exports zero-duty access to the UK

Event and Location:

• Event: Signing of the India–UK Free Trade Agreement (FTA)
• Location: Announced after final talks concluded in London, UK

Mandates and Objectives:

• Trade Liberalization: Eliminate trade barriers and enhance economic cooperation
• Export Promotion: Grant zero-duty access to 99% of Indian exports to the UK
• Tariff Concessions: India to reduce/eliminate duties on 90% of UK tariff lines over 10 years
• Labour Mobility: Introduce Double Contribution Convention exempting Indian professionals from UK social security contributions for 3 years
• Investment Facilitation: Prepare groundwork for a future Bilateral Investment Treaty (BIT)
• Balanced Protection: Safeguard sensitive Indian sectors like dairy, apples, and cheese from concessions

Important Terms Explained:

• Free Trade Agreement (FTA): A treaty between two or more countries to reduce or eliminate tariffs, quotas, and preferences on most goods and services traded
• Double Contribution Convention: A bilateral social security agreement preventing double taxation on social contributions for Indian workers abroad
• Carbon Border Adjustment Mechanism (CBAM): A UK policy to impose carbon taxes on imports based on their carbon emissions footprint, potentially impacting Indian exports
• Bilateral Investment Treaty (BIT): A legal agreement that establishes terms and conditions for private investment by nationals and companies of one state in another

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National Affairs – Daily Current Affairs May 07

12. Which recent Indian military operation targeted nine terror camps in Pakistan and PoK following the Pahalgam terror attack?
A) Operation Surya
B) Operation Trishul
C) Operation Sindoor
D) Operation Vijay
E) Operation Agni
Answer: C) Operation Sindoor

Event and Location:

• Event: Launch of Operation Sindoor by Indian Armed Forces targeting terror camps
• Location: Pakistan and Pakistan-occupied Jammu & Kashmir (PoJK)

Mandates and Objectives:

• Primary Objective: Neutralize terror infrastructure responsible for cross-border attacks
• Trigger: Retaliation for the Pahalgam terror attack that killed 26 civilians
• Strategic Aim: Restore strategic deterrence eroded since the 2019 Balakot air strikes
• Execution Style: Precision, measured strikes without targeting Pakistani military sites
• Policy Goal: Send a clear message to terror networks and their state sponsors

Important Terms Explained:

• Operation Sindoor: A focused counter-terror mission targeting nine terror hubs, emphasizing strategic restraint and deterrence
• Pahalgam terror attack: A deadly incident killing 25 Indians and 1 Nepali, attributed to The Resistance Force (TRF)
• Lashkar-e-Taiba (LeT): A Pakistan-based militant organization involved in several attacks on Indian soil
• Jaish-e-Mohammad (JeM): Another major terror group from Pakistan linked to infiltration and attacks in India
• Strategic deterrence: A military doctrine that relies on the threat of significant retaliation to prevent enemy aggression

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13. Which premier trade institute in India has received approval to open an off-campus centre at GIFT City, Gujarat?
A) Indian Institute of Management Ahmedabad
B) Indian Institute of Foreign Trade
C) Indian School of Business
D) Indian Institute of Finance
E) Indian Institute of Commerce
Answer: B) Indian Institute of Foreign Trade

Event and Location:

• Event: Approval for off-campus centre of Indian Institute of Foreign Trade (IIFT)
• Location: GIFT City, Gandhinagar, Gujarat

Mandates and Objectives:

• Expansion Goal: Establish an IIFT campus at GIFT City to decentralise trade education
• Academic Focus: Offer MBA (International Business) and short-term programs in global trade
• Policy Alignment: Supports National Education Policy (NEP) 2020 objectives of multidisciplinary and global education
• Research Mission: Promote research and innovation in international business and trade policy
• Strategic Aim: Develop export-oriented talent to support India’s global trade ambitions

Important Terms Explained:

• GIFT City (Gujarat International Finance Tec-City): India’s first International Financial Services Centre (IFSC) designed to facilitate global financial and business operations
• National Education Policy (NEP) 2020: A major education reform framework introduced to promote flexibility, interdisciplinarity, and global competitiveness in Indian education
• UGC Act Section 3: Provision under which institutions can be declared as “Deemed to be Universities,” allowing them to open off-campus centres with government approval
• AACSB Accreditation: An international accreditation marking the highest standards in business education globally

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14. Which two entities signed an MoU on May 6, 2025, to boost inland cargo movement via national waterways in India?
A) Ministry of Railways and Adani Ports
B) IWAI and Rhenus Logistics India Pvt. Ltd.
C) Indian Navy and DP World
D) NHAI and CONCOR
E) Sagarmala Authority and Maersk India
Answer: B) IWAI and Rhenus Logistics India Pvt. Ltd.

Event and Location:

• Event: Signing of MoU to enhance inland waterways cargo movement
• Location: New Delhi, India

Mandates and Objectives:

• Infrastructure Objective: Deploy and operate barges and pusher tugs across India’s inland waterways
• Cargo Transport Goal: Increase bulk and break-bulk cargo movement across NW-1, NW-2, NW-16, and the Indo-Bangladesh Protocol route
• Logistics Vision: Reduce costs and improve sustainability in cargo logistics
• Public-Private Partnership: Promote private sector involvement in Inland Water Transport (IWT)
• Policy Alignment: Support India’s Jal Marg Vikas Project and the Jalvahak Cargo Promotion Scheme

Important Terms Explained:

• IWAI (Inland Waterways Authority of India): A statutory body under the Ministry of Ports, Shipping and Waterways (MoPSW), responsible for developing and regulating inland waterways for cargo and passenger transport
• Rhenus Logistics India Pvt. Ltd.: Indian arm of a German global logistics company, specializing in integrated cargo solutions
• National Waterways (NW): Legally designated river routes managed by IWAI for cargo and passenger traffic
• Jal Marg Vikas Project: A World Bank-funded initiative to improve navigability on NW-1 (Haldia to Varanasi) through dredging and terminal development
• Jalvahak Scheme: Introduced in December 2024, this scheme provides up to 35% operating cost incentive to promote water-based cargo movement

Tabular Summary:

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15. Which wetland conservation and water reuse initiative was approved during the 62nd Executive Committee Meeting of the NMCG?
A) Jal Shakti Plan and National River Basin Scheme
B) Ganga Jivan Project and Clean Rivers Initiative
C) Nathmalpur Bhagad Wetland and Agra-Prayagraj Reuse Plans
D) Eco Namami Yojana and Yamuna Revival Scheme
E) Wetland India Plan and Safe Water 2040
Answer: C) Nathmalpur Bhagad Wetland and Agra-Prayagraj Reuse Plans

Event and Location:

• Event: Approval of Ganga rejuvenation projects in the 62nd Executive Committee Meeting of National Mission for Clean Ganga (NMCG)
• Location: India (project sites include Bihar and Uttar Pradesh)

Mandates and Objectives:

• Mission Goal: Foster a cleaner, healthier, and sustainable Ganga ecosystem
• Environmental Focus: Integrate wetland conservation, wastewater reuse, and biodiversity management
• Sustainable Practices: Promote safe reuse of treated water under the SRTW Framework
• Capacity Building: Enhance stakeholder training and monitoring for long-term success
• Global Alignment: Align with UN Decade on Ecosystem Restoration for global ecological standards

Important Terms Explained:

• NMCG (National Mission for Clean Ganga): A statutory authority under the Ministry of Jal Shakti implementing the Namami Gange Program to rejuvenate the Ganga basin
• Namami Gange Program: India’s flagship river cleaning and rejuvenation mission, launched to improve water quality and revive ecosystems
• SRTW (Safe Reuse of Treated Water Framework): A national policy framework aimed at promoting the safe and efficient reuse of treated wastewater
• UN Decade on Ecosystem Restoration: A global initiative (2021–2030) encouraging nations to restore degraded ecosystems and improve biodiversity

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