Daily Current Affairs July 04
Table of Contents
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July 04 | Daily Current Affairs 2025
Important Days – Daily Current Affairs July 04
1. On whose death anniversary, observed on July 4, did PM Modi recall inspirational quotes about youth leadership and nation-building?
A) Rabindranath Tagore
B) Mahatma Gandhi
C) Swami Vivekananda
D) Dr. B.R. Ambedkar
E) Sri Aurobindo
Answer: C) Swami Vivekananda
Event and Location:
- Event: Swami Vivekananda’s Death Anniversary commemorated with tributes from PM Narendra Modi
- Location: India (Nationwide observance)
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: Prime Minister Narendra Modi paid tribute to Swami Vivekananda on his death anniversary by quoting his teachings and reaffirming their relevance.
- Objectives: To highlight Vivekananda’s enduring message on youth empowerment, spirituality, and national development, and to inspire contemporary India through his philosophical vision.
Important Terms Explained:
- Swami Vivekananda: A 19th-century Indian monk, philosopher, and nationalist who played a key role in the revival of Hinduism and the introduction of Indian spirituality to the West through his iconic 1893 speech at the Parliament of the World’s Religions in Chicago.
- National Youth Day: Celebrated on January 12, Swami Vivekananda’s birth anniversary, to promote youth ideals and leadership based on his teachings.
- Mann Ki Baat: A monthly radio programme hosted by the Prime Minister of India, often used to connect with citizens and promote cultural and social values.
Tabular Summary:
Parameter | Details |
Event name | Swami Vivekananda Death Anniversary 2025 |
Announcement date | July 4, 2025 |
Location | Nationwide (India) |
Issuing authority | Prime Minister’s Office (PMO) |
Policy/series name | National Youth Inspiration & Cultural Commemoration |
Key figures | Swami Vivekananda, PM Narendra Modi |
Purpose/reason | To remember and promote Swami Vivekananda’s teachings for modern India |
Feature details | PM quoted Vivekananda’s thoughts on youth, unity, spirituality, and development |
Validity or status | Commemorative message observed annually |
Strategic/significant value | Reinforces national values, spiritual ethos, and youth-driven development in line with NEP and cultural policy |
Sports – Daily Current Affairs July 04
2. Who won the silver medal in the Youth Girls 44kg category at the Asian Youth and Junior Weightlifting Championships 2024 held in Astana?
A) Mirabai Chanu
B) Pungni Tara
C) Jhilli Dalabehera
D) Harshada Garud
E) Bindyarani Devi
Answer: B) Pungni Tara
Event and Location:
- Event: Pungni Tara won silver in Youth Girls 44kg category at Asian Youth and Junior Weightlifting Championships
- Location: Astana, Kazakhstan
- Date: July 4, 2024
Mandates and Objectives:
- Mandates: An Indian youth weightlifter participated and secured medals in a continental weightlifting championship.
- Objectives: To promote competitive weightlifting among youth athletes in Asia and provide exposure to international platforms.
Important Terms Explained:
- Clean and Jerk: A two-phase Olympic weightlifting movement where the athlete first lifts the barbell to shoulder level (clean) and then raises it overhead (jerk).
- Total Lift: The sum of weights lifted in two separate events — snatch and clean & jerk — used to determine final placement in weightlifting competitions.
- Youth Category: A competitive age group usually for athletes aged between 13 to 17 years, designed to nurture emerging sporting talent.
Tabular Summary:
Parameter | Details |
Event name | Asian Youth and Junior Weightlifting Championships 2024 |
Announcement date | July 4, 2024 |
Location | Astana, Kazakhstan |
Issuing authority | Asian Weightlifting Federation (AWF) |
Policy/series name | Youth and Junior Continental Weightlifting Series |
Key figures | Pungni Tara (India) |
Purpose/reason | Promote youth weightlifting and boost international exposure |
Feature details | Tara lifted 141kg total (60kg snatch + 81kg clean & jerk); gold in clean & jerk, silver overall |
Validity or status | Active tournament; medal recorded on Day 1 |
Strategic/significant value | Highlights India’s growing strength in youth sports and weightlifting |
Ranking – Daily Current Affairs July 04
3. Which Indian state recently became the third to cross 1 crore registered stock market investors, according to NSE data?
A) Karnataka
B) Tamil Nadu
C) Gujarat
D) Rajasthan
E) Andhra Pradesh
Answer: C) Gujarat
Event and Location:
- Event: Gujarat becomes third state to cross 1 crore registered stock market investors
- Location: Gujarat, India
- Date: May 2025 (data released by NSE)
Mandates and Objectives:
- Mandates: The National Stock Exchange released investor registration data revealing Gujarat crossed the 1 crore investor mark.
- Objectives: To highlight the expansion and regional penetration of equity market participation across Indian states and analyze growth trends in retail investing.
Important Terms Explained:
- National Stock Exchange (NSE): One of India’s leading stock exchanges, founded in 1992, responsible for equity, derivatives, and currency trading, and a major source of retail investor data.
- Retail Investor Base: Refers to individual investors who participate in financial markets by buying and selling securities, often tracked by exchanges to understand market reach.
- Investor Registrations: The total number of unique demat or trading accounts opened with exchanges, reflecting retail participation in capital markets.
Tabular Summary:
Parameter | Details |
Event name | Gujarat becomes 3rd state to cross 1 crore stock market investors |
Announcement date | May 2025 (as per NSE data release) |
Location | Gujarat, India |
Issuing authority | National Stock Exchange (NSE) |
Policy/series name | Retail Investor Growth Report – May 2025 |
Key figures | Gujarat joins Maharashtra and Uttar Pradesh |
Purpose/reason | To reflect increasing retail participation in equity markets |
Feature details | Gujarat crossed 1 crore investors; India had 11.5 crore investors total |
Validity or status | Active as of May 2025 |
Strategic/significant value | Shows increasing financial literacy and stock market engagement in Tier-II and Tier-III cities |
4. Which tech company recently came close to becoming the most valuable company in history, with a market capitalisation nearing $4 trillion?
A) Apple
B) Microsoft
C) Nvidia
D) Alphabet
E) Amazon
Answer: C) Nvidia
Event and Location:
- Event: Nvidia nears historic $4 trillion market capitalisation, briefly becoming most valuable company
- Location: United States (Nasdaq, global stock markets)
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: Nvidia reached a temporary all-time high valuation of $3.92 trillion, surpassing Apple’s previous record.
- Objectives: To highlight Nvidia’s continued dominance in AI chip production and investor confidence in the expanding artificial intelligence market.
Important Terms Explained:
- Market Capitalisation: The total market value of a company’s outstanding shares, calculated by multiplying the current share price by the total number of shares outstanding.
- AI Chips: Specialized semiconductors designed to accelerate artificial intelligence computations; a key product driving Nvidia’s growth.
- Nonfarm Payrolls Report: A key economic indicator in the US showing employment trends, often influencing investor sentiment and stock markets.
Tabular Summary:
Parameter | Details |
Event name | Nvidia nears record $4 trillion market cap, becomes briefly most valuable company |
Announcement date | July 4, 2025 |
Location | United States (Nasdaq) |
Issuing authority | Nvidia Corporation, Global Stock Markets |
Policy/series name | Tech Stock Surge & AI Investment Growth |
Key figures | Jensen Huang (CEO, Nvidia); Danni Hewson and Dan Coatsworth (AJ Bell Analysts) |
Purpose/reason | Surging AI chip demand drives Nvidia to all-time high valuation |
Feature details | Shares peaked at $160.98; valuation touched $3.92 trillion |
Strategic/significant value | Reflects the global economic impact of AI and Nvidia’s dominance in the semiconductor sector |
Banking and Finance – Daily Current Affairs July 04
5. According to the 2025 amendment to the Foreign Exchange Management (Export of Goods & Services) Regulations, which category of goods is now allowed for export, subject to re-import?
A) Oil tankers
B) Fishing trawlers
C) Dredgers and tugboats
D) Commercial aircraft
E) Submarine cables
Answer: C) Dredgers and tugboats
Event and Location:
- Event: RBI amends FEMA Export of Goods & Services Regulations to include specific offshore vessels
- Location: RBI Central Office, Mumbai
- Date: June 24, 2025
Mandates and Objectives:
- Mandates: The Reserve Bank of India has amended the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015, by adding a new provision under Regulation 4.
- Objectives: To facilitate the export of tugs, tugboats, dredgers, and vessels used for offshore support services, provided they are re-imported into India, enabling greater flexibility in offshore maritime services and boosting export earnings.
Important Terms Explained:
- Foreign Exchange Management Act (FEMA), 1999: An Indian law to regulate foreign exchange transactions and promote orderly development of the foreign exchange market in India.
- Export of Goods & Services Regulations, 2015: A regulation under FEMA that governs the legal framework for exports from India, specifying conditions and procedures.
- Dredgers and Tugboats: Specialized maritime vessels used to clear waterways and provide support to offshore infrastructure and shipping operations.
- Re-import Clause: A regulatory condition where the exported item must be brought back into the country, typically to ensure national control over key assets.
Tabular Summary:
Parameter | Details |
Event name | FEMA (Export of Goods & Services) (Amendment) Regulations, 2025 |
Announcement date | June 24, 2025 |
Location | Reserve Bank of India, Mumbai |
Issuing authority | Reserve Bank of India (Foreign Exchange Department) |
Policy/series name | FEMA 23(R)/(6)/2025-RB |
Key figures | N Senthil Kumar, Chief General Manager, RBI |
Purpose/reason | To allow offshore support vessels to be exported, with a re-import mandate |
Feature details | Inclusion of tugs, dredgers, and offshore vessels under permissible exports |
Validity or status | Effective upon publication in the Official Gazette |
Strategic/significant value | Enhances India’s offshore service capabilities and promotes maritime exports |
6. What is the duration of SEBI’s special window (starting July 2025) for re-lodging physical share transfer deeds submitted before April 1, 2019?
A) 3 months
B) 6 months
C) 9 months
D) 1 year
E) 2 months
Answer: B) 6 months
Event and Location:
- Event: SEBI opens six-month special window for physical share transfer re-lodgement
- Location: India (Applicable across all listed Indian companies)
- Date: July 2, 2025 (Circular issued); Window open from July 7, 2025 to January 6, 2026
Mandates and Objectives:
- Mandates: SEBI has announced a special six-month window allowing investors to re-lodge transfer deeds that were originally submitted before April 1, 2019 but were rejected, returned, or unattended due to documentation issues.
- Objectives: To address investor concerns and allow them another opportunity to regularize pending transfers of physical shares, which were earlier discontinued after March 31, 2021.
Important Terms Explained:
- SEBI (Securities and Exchange Board of India): The capital markets regulator of India, established in 1992, responsible for regulating and developing the securities market and protecting investor interests.
- Transfer of Physical Shares: The manual process of transferring ownership of shares through paper-based share certificates and transfer deeds. This method was discontinued from April 2019 in favor of dematerialised (demat) mode.
- Re-lodgement: The act of re-submitting earlier share transfer requests that had failed due to technical/documentary deficiencies.
- Demat Mode: An electronic form of holding securities, mandatory for all transfers post-2019. All valid re-lodged shares during this window will be issued only in demat form.
Tabular Summary:
Parameter | Details |
Event name | SEBI’s Special Six-Month Window for Re-lodgement of Physical Shares |
Announcement date | July 2, 2025 |
Window duration | July 7, 2025 – January 6, 2026 |
Location | India-wide (Applicable to listed companies and RTAs) |
Issuing authority | Securities and Exchange Board of India (SEBI) |
Policy/series name | Special Window for Transfer-Cum-Demat Re-lodgement |
Key figures | SEBI officials, RTA panel, Listed company representatives |
Purpose/reason | Provide relief for investors who missed earlier transfer deadlines |
Feature details | Re-lodgement allowed for pre-April 2019 rejected share transfers only |
Validity or status | Active for 6 months; demat issuance only for re-lodged securities |
Strategic/significant value | Enhances investor trust and resolves legacy transfer issues fairly |
Business and Economy – Daily Current Affairs July 04
7. Which bank recently inaugurated Global Trade Finance Centres in Kolkata and Hyderabad to digitize trade finance operations using AI/ML and blockchain technologies?
A) Punjab National Bank
B) Axis Bank
C) State Bank of India
D) HDFC Bank
E) Bank of Baroda
Answer: C) State Bank of India
Event and Location:
- Event: SBI inaugurated Global Trade Finance Centres in Kolkata and Hyderabad
- Location: India (Kolkata and Hyderabad)
- Date: July 1, 2025
Mandates and Objectives:
- Mandates: SBI launched two specialized trade finance hubs to digitize inland and cross-border trade processes.
- Objectives: To enhance turnaround times, improve regulatory compliance, and deliver superior customer experience by adopting cutting-edge technologies in trade finance.
Important Terms Explained:
- Trade Finance: Refers to financial instruments and products used by companies to facilitate international trade and commerce, such as letters of credit, bills of exchange, and documentary collection.
- AI/ML (Artificial Intelligence/Machine Learning): Advanced technologies used to automate decision-making, detect fraud, and optimize document processing in banking operations.
- Blockchain: A decentralized digital ledger that enhances transparency and security in financial transactions, particularly useful in validating and tracking cross-border trade documents.
Tabular Summary:
Parameter | Details |
Event name | Inauguration of SBI Global Trade Finance Centres |
Announcement date | July 1, 2025 |
Location | Kolkata (West Bengal) and Hyderabad (Telangana) |
Issuing authority | State Bank of India (SBI) |
Policy/series name | Trade Finance Digitization Initiative |
Key figures | CS Setty (Chairman, SBI) |
Purpose/reason | Modernize trade finance processes and improve customer experience |
Feature details | Use of AI/ML, blockchain, document digitization; 800+ professionals deployed |
Validity or status | Active from July 2025 |
Strategic/significant value | Marks transition from paper-based to digital trade processes in India’s largest bank |
8. What is the GDP growth range for India in FY26 as projected by the Confederation of Indian Industry (CII)?
A) 5.5% – 6%
B) 6.4% – 6.7%
C) 6.9% – 7.3%
D) 7.5% – 8%
E) 5% – 5.8%
Answer: B) 6.4% – 6.7%
Event and Location:
- Event: CII projects India’s real GDP growth for FY26 and outlines key economic recommendations
- Location: New Delhi, India
- Date: July 2025
Mandates and Objectives:
- Mandates: The Confederation of Indian Industry (CII) projected India’s GDP growth for FY26 and proposed policy reforms to support economic resilience, competitiveness, and innovation.
- Objectives: To strengthen India’s position as the fastest-growing major economy, improve industrial competitiveness, support the SME sector, and enable sustainable growth through calibrated disinvestment and energy transition strategies.
Important Terms Explained:
- GDP (Gross Domestic Product): A measure of the total economic output of a country. Real GDP accounts for inflation-adjusted growth.
- Disinvestment of PSEs: The partial or complete sale of government-owned enterprises, aimed at raising funds for public infrastructure, reducing debt, or improving enterprise efficiency.
- Sovereign Wealth Fund (SWF): A state-owned investment fund created to invest in overseas strategic assets, typically funded by revenues from disinvestment or exports.
- Green Hydrogen: A clean fuel produced using renewable energy through the process of electrolysis; key to India’s decarbonization goals.
- Capital Support Scheme: A proposed funding initiative by CII to support medium and small enterprises involved in R&D and technology adoption.
Tabular Summary:
Parameter | Details |
Event name | CII economic outlook and policy recommendations for FY26 |
Announcement date | July 2025 (as per industry event) |
Location | New Delhi |
Issuing authority | Confederation of Indian Industry (CII) |
Policy/series name | GDP Forecast and Industrial Competitiveness Framework |
Key figures | Rajiv Memani (President, CII) |
Purpose/reason | Project India’s economic growth and suggest reforms for competitiveness |
Feature details | FY26 GDP growth estimated at 6.4%–6.7%; PSE disinvestment, energy transition, SME support |
Validity or status | Projections and recommendations released |
Strategic/significant value | Strengthens India’s global growth position; enables investment, sustainability, and industrial reform |
Appointments – Daily Current Affairs July 04
9. Who has recently been appointed as the Air Officer-in-Charge Administration at Air Headquarters, New Delhi?
A) Air Marshal BR Krishna
B) Air Marshal S Sivakumar
C) Air Marshal RK Anand
D) Air Marshal Suraj Kumar Jha
E) Air Marshal SP Dharkar
Answer: B) Air Marshal S Sivakumar
Event and Location:
- Event: Air Marshal S Sivakumar appointed as Air Officer-in-Charge Administration
- Location: Air Headquarters, New Delhi
- Date: July 1, 2025
Mandates and Objectives:
- Mandates: Air Marshal S Sivakumar assumed charge as the new Air Officer-in-Charge Administration at Air Headquarters.
- Objectives: To oversee all administrative functions of the Indian Air Force and ensure efficient personnel, infrastructure, and operational support management across commands.
Important Terms Explained:
- Air Officer-in-Charge Administration (AOA): A senior leadership post in the Indian Air Force responsible for managing all administrative policies and infrastructure-related functions.
- Vishisht Seva Medal (VSM): A military decoration awarded for distinguished service of a high order to all ranks of the armed forces.
- United Nations Mission in Congo: A peacekeeping mission (MONUC/MONUSCO) where Indian officers are frequently deputed to support global stability efforts.
Tabular Summary:
Parameter | Details |
Event name | Appointment of Air Officer-in-Charge Administration at Air HQ |
Announcement date | July 1, 2025 |
Location | Air Headquarters, New Delhi |
Issuing authority | Indian Air Force |
Policy/series name | Senior Leadership Appointment in Armed Forces |
Key figures | Air Marshal S Sivakumar, VSM |
Purpose/reason | To lead and oversee administrative operations of the Indian Air Force |
Feature details | 35 years of service; expertise in HR, strategy, UN missions, and operations |
Validity or status | Position active from July 1, 2025 |
Strategic/significant value | Supports operational readiness through efficient administration at national level |
10. Who has been re-elected as President of the Kho Kho Federation of India (KKFI) in the recently held elections?
A) Upkar Singh Virk
B) Ashwini Bipin Patil
C) Sudhanshu Mittal
D) Anurag Thakur
E) Rakesh Mittal
Answer: C) Sudhanshu Mittal
Event and Location:
- Event: Sudhanshu Mittal re-elected as President of Kho Kho Federation of India
- Location: New Delhi, India
- Date: July 2025
Mandates and Objectives:
- Mandates: Election of new office-bearers to the Governing Body of KKFI, with Sudhanshu Mittal continuing as President.
- Objectives: To strengthen the administration of Kho Kho and promote the sport’s inclusion in international multi-sport events like the Asian Games and Olympics.
Important Terms Explained:
- Kho Kho Federation of India (KKFI): The national governing body responsible for organizing and promoting the sport of Kho Kho in India and abroad.
- Athletes Commission: A representation platform within sports federations where athletes are given a voice in governance and development initiatives.
- Asian Games/Olympics Inclusion: The strategic goal to get traditional Indian sports recognized in international events through global outreach and federation lobbying.
Tabular Summary:
Parameter | Details |
Event name | Election of new Governing Body of Kho Kho Federation of India |
Announcement date | July 2025 |
Location | KKFI Headquarters, New Delhi |
Issuing authority | Kho Kho Federation of India (KKFI) |
Policy/series name | KKFI Governance & Global Expansion Strategy |
Key figures | Sudhanshu Mittal (President), Upkar Singh Virk (General Secretary) |
Purpose/reason | Elect new leadership to drive national and international development of Kho Kho |
Feature details | New governing body includes 8 Vice Presidents, 4 Joint Secretaries, 13 Executives |
Validity or status | New term effective from July 2025 |
Strategic/significant value | Aims to get Kho Kho included in 2030 Asian Games and 2032 Olympics; currently played in 58 countries |
Awards – Daily Current Affairs July 04
11. Which country’s highest civilian award, the Order of the Republic, was recently conferred upon PM Narendra Modi, marking his 25th international honour?
A) Ghana
B) Barbados
C) Trinidad and Tobago
D) Mauritius
E) Guyana
Answer: C) Trinidad and Tobago
Event and Location:
- Event: PM Narendra Modi conferred with the Order of the Republic of Trinidad and Tobago
- Location: Trinidad and Tobago (Caribbean)
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: Prime Minister Narendra Modi was honoured with the Order of the Republic of Trinidad and Tobago, the country’s highest national award.
- Objectives: To recognize PM Modi’s global leadership, humanitarian efforts during the COVID-19 pandemic, and his strong engagement with the Indian diaspora.
Important Terms Explained:
- Order of the Republic of Trinidad and Tobago: The highest civilian honour of Trinidad and Tobago, conferred on individuals for distinguished contributions to national and international leadership and humanitarian service.
- Diaspora Engagement: Refers to efforts by a leader or government to connect with, support, and mobilize citizens of their origin living abroad. PM Modi is globally known for active diaspora diplomacy.
- 25th International Honour: PM Modi has now received 25 national awards or state honours from foreign countries, reflecting growing international recognition of India’s diplomatic leadership.
Tabular Summary:
Parameter | Details |
Event name | PM Modi receives Order of the Republic of Trinidad and Tobago |
Announcement date | July 4, 2025 |
Location | Port of Spain, Trinidad and Tobago |
Issuing authority | Government of Trinidad and Tobago |
Policy/series name | Foreign State Honours – PM Modi’s Caribbean Tour |
Key figures | PM Narendra Modi, PM Kamla Persad-Bissessar |
Purpose/reason | To honour Modi’s global statesmanship, diaspora outreach, and COVID-19 response |
Feature details | 25th international honour; first Indian PM to visit T&T since 1999 |
Validity or status | Award conferred during Modi’s official visit on July 4, 2025 |
Strategic/significant value | Strengthens India–Caribbean relations and showcases India’s rising global influence |
Defence – Daily Current Affairs July 04
12. How many capital acquisition proposals worth over Rs 1.05 lakh crore were recently approved by the Defence Acquisition Council (DAC) under the ‘Buy (Indian-IDDM)’ category?
A) 8
B) 5
C) 10
D) 12
E) 7
Answer: C) 10
Event and Location:
- Event: Defence Acquisition Council approves 10 capital acquisition proposals under Buy (Indian-IDDM)
- Location: New Delhi, India
- Date: July 3, 2025
Mandates and Objectives:
- Mandates: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved Acceptance of Necessity (AoN) for 10 defence acquisition proposals worth Rs 1.05 lakh crore.
- Objectives: To strengthen India’s defence capabilities while promoting indigenous manufacturing through the Buy (Indian-IDDM) procurement category under Aatmanirbhar Bharat.
Important Terms Explained:
- Buy (Indian-IDDM): A category in India’s Defence Acquisition Procedure (DAP) that prioritizes procurement from Indian vendors of equipment Indigenously Designed, Developed, and Manufactured—aimed at boosting local defence production.
- Acceptance of Necessity (AoN): The first step in India’s defence procurement process where the DAC officially acknowledges the need for a new capability or system.
- Defence Acquisition Council (DAC): The apex decision-making body for defence procurement, chaired by the Defence Minister, which formulates and approves acquisition proposals for the Armed Forces.
Tabular Summary:
Parameter | Details |
Event name | DAC approves 10 capital acquisition proposals |
Announcement date | July 3, 2025 |
Location | New Delhi |
Issuing authority | Defence Acquisition Council (Ministry of Defence) |
Policy/series name | Buy (Indian-IDDM) Category – Defence Procurement |
Key figures | Rajnath Singh (Defence Minister), DAC Members |
Purpose/reason | Strengthen mobility, air defence, and maritime safety with indigenous systems |
Feature details | Includes Armoured Recovery Vehicles, EW Systems, SAMs, Mine Vessels, Gun Mounts |
Validity or status | Approved; AoN granted |
Strategic/significant value | Reinforces Aatmanirbhar Bharat, boosts domestic defence ecosystem, and enhances tri-services capabilities |
International Affairs – Daily Current Affairs July 04
13. Which Sri Lankan university has recently launched a Hindi Language Learning Programme in collaboration with the Swami Vivekananda Cultural Centre (SVCC)?
A) University of Colombo
B) University of Peradeniya
C) Open University of Sri Lanka
D) General Sir John Kotelawala Defence University
E) University of Kelaniya
Answer: D) General Sir John Kotelawala Defence University
Event and Location:
- Event: Launch of Hindi Language Learning Programme in collaboration with India
- Location: Colombo, Sri Lanka
- Date: July 2025
Mandates and Objectives:
- Mandates: Introduction of a Hindi language course at the undergraduate level at KDU, with support from the Indian High Commission and SVCC.
- Objectives: To promote cultural and educational ties between India and Sri Lanka by providing students access to Indian language, culture, cinema, and professional opportunities.
Important Terms Explained:
- Swami Vivekananda Cultural Centre (SVCC): The cultural wing of the High Commission of India in Sri Lanka, under the Indian Council for Cultural Relations (ICCR), focused on promoting Indian art, culture, and language abroad.
- Hindi Language Learning Programme: A university-level elective course focusing on basic Hindi language skills, cultural context, and practical communication, aimed at both military and civilian students.
- General Sir John Kotelawala Defence University (KDU): A premier Sri Lankan institution offering military and civilian education with a growing emphasis on international partnerships and languages.
Tabular Summary:
Parameter | Details |
Event name | Launch of Hindi Language Learning Programme at KDU |
Announcement date | July 2025 |
Location | Colombo, Sri Lanka |
Issuing authority | General Sir John Kotelawala Defence University in collaboration with SVCC |
Policy/series name | Hindi Language & Cultural Exchange Initiative |
Key figures | Santosh Jha (Indian High Commissioner), Rear Admiral HGU Dammika Kumara |
Purpose/reason | Strengthen cultural and educational ties between India and Sri Lanka |
Feature details | Elective Hindi course for military and civilian students; focus on basics and culture |
Validity or status | Active from July 2025 |
Strategic/significant value | Enhances linguistic access to India’s culture, films, and professional networks |
14. Which country recently became the first in the world to officially recognise the Taliban government of Afghanistan?
A) China
B) Pakistan
C) Russia
D) Iran
E) Saudi Arabia
Answer: C) Russia
Event and Location:
- Event: Russia becomes the first country to officially recognise the Taliban-led Islamic Emirate of Afghanistan
- Location: Moscow, Russia and Kabul, Afghanistan
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: Russia formally announced diplomatic recognition of the Taliban government in Afghanistan after bilateral meetings held in Kabul.
- Objectives: To establish formal diplomatic and economic ties, support political stability, and encourage bilateral cooperation across various sectors.
Important Terms Explained:
- Islamic Emirate of Afghanistan: The official name used by the Taliban for their government after taking control of Afghanistan in August 2021, replacing the former Republic-based administration.
- Diplomatic Recognition: A formal acknowledgment by one state of another regime’s legitimacy and authority, enabling official diplomatic and bilateral relations.
- Taliban Government: An Islamist movement that regained power in Afghanistan in August 2021, currently seeking international legitimacy and diplomatic recognition.
Tabular Summary:
Parameter | Details |
Event name | Russia officially recognises Taliban government of Afghanistan |
Announcement date | July 4, 2025 |
Location | Moscow (Russia) and Kabul (Afghanistan) |
Issuing authority | Russian Foreign Ministry, Taliban Foreign Ministry |
Policy/series name | Diplomatic Recognition of Governments |
Key figures | Amir Khan Muttaqi (Taliban FM), Dmitry Zhirnov (Russian Ambassador), Zamir Kabulov (Russia’s Special Envoy) |
Purpose/reason | To initiate formal bilateral cooperation and political engagement |
Feature details | Russia is the first country to officially recognise Taliban rule; other countries like China and Pakistan maintain limited engagement |
Validity or status | Recognition effective from July 2025 |
Strategic/significant value | Marks a geopolitical shift and potential diplomatic opening for the Taliban-led regime |
15. What is the name of the WHO initiative that recommends a 50% price rise via taxation on sugar, alcohol, and tobacco by 2035?
A) Health for All 2035
B) 3 by 35
C) Global Health Tax Plan
D) Triple Sin Tax Drive
E) FiscalFit 2030
Answer: B) 3 by 35
Event and Location:
- Event: WHO launches “3 by 35” initiative urging 50% tax-led price hikes on sugar, alcohol, and tobacco
- Location: Seville, Spain (UN Finance for Development Conference)
- Date: July 2, 2025
Mandates and Objectives:
- Mandates: WHO has called for countries to raise taxes on sugary drinks, alcohol, and tobacco to increase prices by 50% by 2035 under its new initiative “3 by 35”.
- Objectives: To reduce global consumption of harmful products contributing to chronic diseases, strengthen public health systems, and generate revenue for governments—especially amid rising debt and falling aid.
Important Terms Explained:
- 3 by 35: A WHO initiative launched in 2025 that proposes a 50% price increase through taxation on three harmful products—sugar, alcohol, and tobacco—by the year 2035.
- Sin Taxes: Taxes imposed on products considered harmful to health or society (e.g., alcohol, tobacco, sugary drinks), used both to discourage consumption and raise revenue.
- Ultra-processed Foods: A potential future target for taxation; these are industrial formulations typically high in sugar, salt, fat, and additives, with low nutritional value. WHO is currently working on a formal definition.
- Bloomberg Philanthropies / OECD / World Bank: Global institutions backing the initiative by offering financial and technical assistance to countries implementing health-focused tax reforms.
Tabular Summary:
Parameter | Details |
Event name | Launch of WHO’s “3 by 35” global tax initiative |
Announcement date | July 2, 2025 |
Location | Seville, Spain |
Issuing authority | World Health Organization (WHO) |
Policy/series name | 3 by 35 – Sin Tax Campaign |
Key figures | Dr. Tedros Adhanom Ghebreyesus, Jeremy Farrar, Guillermo Sandoval |
Purpose/reason | Reduce chronic disease burden and raise funds through health taxation |
Feature details | 50% price increase via taxes on sugar, alcohol, tobacco; estimated $1 trillion revenue by 2035 |
Validity or status | Initiative launched; supported by World Bank, OECD, Bloomberg Philanthropies |
Strategic/significant value | Strengthens global health financing, curbs non-communicable disease (NCD) risk, promotes public policy reform |
16. India has initiated an anti-dumping investigation on the import of polyethylene from how many countries?
A) 4
B) 5
C) 6
D) 7
E) 8
Answer: C) 6
Event and Location:
- Event: India initiates anti-dumping investigation on polyethylene imports from six countries
- Location: New Delhi, India (by DGTR, Ministry of Commerce)
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: The Directorate General of Trade Remedies (DGTR) launched an anti-dumping probe into imports of Linear-Density Polyethylene (LLDPE) from six Gulf and Southeast Asian countries.
- Objectives: To determine if LLDPE is being dumped at unfairly low prices, causing material injury to the domestic plastic processing industry, and to recommend corrective duties if necessary.
Important Terms Explained:
- Anti-Dumping Duty: A trade remedy measure imposed under WTO rules when a country exports a product at a price lower than its home market, causing injury to the importing country’s domestic industry.
- Linear-Density Polyethylene (LLDPE): A raw material used widely in the plastic processing sector to produce items such as films, wires, cables, and profiles.
- DGTR (Directorate General of Trade Remedies): A body under India’s Ministry of Commerce responsible for investigating unfair trade practices like dumping and recommending duties or safeguards.
- WTO (World Trade Organization): A Geneva-based multilateral institution that regulates international trade, allowing members to impose anti-dumping duties if dumping is proven to harm local industries.
Tabular Summary:
Parameter | Details |
Event name | Anti-dumping investigation into polyethylene imports |
Announcement date | July 4, 2025 |
Location | New Delhi |
Issuing authority | Directorate General of Trade Remedies (DGTR), Ministry of Commerce |
Policy/series name | WTO Anti-Dumping Framework Implementation |
Key figures | Piyush Goyal (Commerce Minister); Chemicals and Petrochemicals Association of India |
Purpose/reason | To assess whether cheap imports from six countries are harming local industries |
Feature details | Product involved: Linear-Density Polyethylene (LLDPE); used in plastic industry |
Validity or status | Investigation initiated; final decision to be taken by Finance Ministry |
Strategic/significant value | Aims to protect domestic producers and ensure fair trade under WTO rules |
National Affairs – Daily Current Affairs July 04
17. Who recently inaugurated and laid the foundation stone for various infrastructure projects at Mahayogi Gorakhnath University in Gorakhpur, Uttar Pradesh?
A) Narendra Modi
B) Jagdeep Dhankhar
C) Droupadi Murmu
D) Yogi Adityanath
E) Dharmendra Pradhan
Answer: C) Droupadi Murmu
Event and Location:
- Event: President of India inaugurated and laid the foundation stone for various projects at Mahayogi Gorakhnath University
- Location: Gorakhpur, Uttar Pradesh
- Date: July 1, 2025
Mandates and Objectives:
- Mandates: Inauguration of new university facilities including an auditorium, academic block, Panchkarma Kendra, and the foundation stone for a new girls’ hostel.
- Objectives: To promote inclusive, modern, and holistic higher education in eastern Uttar Pradesh while aligning with the National Education Policy 2020 and supporting women’s empowerment through improved infrastructure.
Important Terms Explained:
- National Education Policy 2020 (NEP 2020): A comprehensive education policy introduced by the Government of India that aims to transform the education system with a focus on holistic, flexible, multidisciplinary learning, including skill-based and vocational education.
- Panchkarma Kendra: A specialized Ayurvedic treatment center offering the five therapeutic treatments of Ayurveda designed to detoxify and rejuvenate the body.
- Girls’ Hostel: Infrastructure facility dedicated to providing safe and affordable residential accommodation for female students, supporting women’s access to higher education.
Tabular Summary:
Parameter | Details |
Event name | Inauguration and Foundation Stone Laying Ceremony at Mahayogi Gorakhnath University |
Announcement date | July 1, 2025 |
Location | Gorakhpur, Uttar Pradesh |
Issuing authority | President of India (Rashtrapati Bhavan) |
Policy/series name | NEP 2020 Implementation & Educational Infrastructure Development |
Key figures | Droupadi Murmu (President of India) |
Purpose/reason | Enhance educational infrastructure and promote women’s education |
Feature details | Inaugurated auditorium, academic block, Panchkarma Kendra; foundation laid for girls’ hostel |
Validity or status | Facilities active/in construction post July 1, 2025 |
Strategic/significant value | Boost to holistic education, women empowerment, and inclusive growth in Purvanchal |
18. What does the BHARAT project launched by IISc Bengaluru aim to establish in the context of Indian healthcare?
A) A national cancer registry
B) India’s own AI-based healthcare chatbot
C) A scientific baseline of healthy ageing specific to Indians
D) A telemedicine platform for rural health outreach
E) A global standard for pandemic response
Answer: C) A scientific baseline of healthy ageing specific to Indians
Event and Location:
- Event: Launch and implementation of BHARAT project for Indian-specific healthy ageing research
- Location: Indian Institute of Science (IISc), Bengaluru
- Date: Initiated in 2023; updates reported as of July 4, 2025
Mandates and Objectives:
- Mandates: The Indian Institute of Science launched BHARAT (Biomarkers of Healthy Aging, Resilience, Adversity, and Transitions) to build an Indian-specific scientific framework for ageing and health.
- Objectives: To understand how Indians age biologically, reduce misdiagnosis from Western health benchmarks, and enable early intervention and customized treatment by building the Bharat Baseline — a national health data repository.
Important Terms Explained:
- BHARAT (Biomarkers of Healthy Aging, Resilience, Adversity, and Transitions): A large-scale national research project by IISc to study ageing in Indians using genomic, metabolic, environmental, and socio-economic data.
- Bharat Baseline: A scientifically validated national reference of what constitutes normal health indicators in Indians, to aid in customized diagnosis and treatment.
- AI and Machine Learning in Healthcare: Technologies used in BHARAT to process massive datasets, identify disease patterns, simulate medical interventions, and predict ageing at the organ level before symptoms arise.
Tabular Summary:
Parameter | Details |
Event name | BHARAT project on Healthy Ageing launched by IISc |
Announcement date | Launched in 2023; ongoing as of July 2025 |
Location | Bengaluru, Karnataka |
Issuing authority | Indian Institute of Science (IISc) |
Policy/series name | Longevity India Program |
Key figures | IISc Researchers; Project supported by health experts and AI technologists |
Purpose/reason | To create a national Indian-specific health baseline for ageing and wellness |
Feature details | Data includes genomics, proteomics, environment, AI-based analysis |
Validity or status | Active, multi-phase research underway |
Strategic/significant value | Aims to revolutionize ageing healthcare in India by enabling early detection and personalized medicine |
19. Which Union Territory has become the first in India to integrate TB screening into the Family Adoption Programme?
A) Delhi
B) Chandigarh
C) Puducherry
D) Jammu & Kashmir
E) Ladakh
Answer: C) Puducherry
Event and Location:
- Event: Puducherry becomes first UT to integrate TB screening into Family Adoption Programme
- Location: Puducherry, India
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: TB screening has been incorporated into the Family Adoption Programme by medical colleges in Puducherry as part of community outreach.
- Objectives: To improve early detection of tuberculosis, reduce diagnostic delays, and ensure active involvement of medical students in the TB elimination mission.
Important Terms Explained:
- Family Adoption Programme: A National Medical Commission initiative requiring medical students to adopt 3–5 families and engage in long-term community health monitoring.
- National Tuberculosis Elimination Programme (NTEP): A Government of India programme under the Ministry of Health & Family Welfare aiming to eliminate TB by 2025 through early diagnosis, treatment, and awareness campaigns.
- Verbal Autopsy: A method used to determine probable cause of death through structured interviews with relatives when no medical records exist. It helps identify treatment delays and systemic gaps.
- NAAT (Nucleic Acid Amplification Test): A molecular diagnostic method used to rapidly detect TB bacteria with high sensitivity and specificity.
- AI-enabled Chest X-rays: Portable imaging devices enhanced with artificial intelligence to detect early signs of TB, especially useful in remote screening campaigns.
Tabular Summary:
Parameter | Details |
Event name | Puducherry integrates TB screening into Family Adoption Programme |
Announcement date | July 4, 2025 |
Location | Puducherry |
Issuing authority | UT Health Department & Indira Gandhi Medical College |
Policy/series name | Family Adoption Programme under NMC + National Tuberculosis Elimination Programme |
Key figures | Dr. Kavita Vasudevan, N. Rangasamy, Dr. Tamilisai Soundararajan |
Purpose/reason | Improve TB detection and integrate disease prevention in medical outreach |
Feature details | Medical students screen families for TB, assist in diagnosis/treatment, verbal autopsies conducted |
Validity or status | Active as of July 2025 |
Strategic/significant value | Boosts early TB detection, aligns medical education with public health goals, and strengthens India’s TB-Free mission |
20. What is the theme of the upcoming Tri-Services Academia Technology Symposium 2025, for which the curtain raiser was held at the Manekshaw Centre?
A) Technology for Defence Innovation
B) Atmanirbhar Defence through Academia
C) Scientific Synergy for Military Strength
D) Vivek va Anusandhan se Vijay
E) Innovation Through Integration
Answer: D) Vivek va Anusandhan se Vijay
Event and Location:
- Event: Curtain Raiser for the Tri-Services Academia Technology Symposium 2025
- Location: Manekshaw Centre, New Delhi
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: To formally begin preparations for the main symposium scheduled for September 22–23, 2025, and launch a dedicated portal for academic participation.
- Objectives: To foster a Services–Academia R&D ecosystem that identifies, supports, and integrates indigenous academic innovations into the Indian Armed Forces’ technological development and aligns with Aatmanirbhar Bharat goals.
Important Terms Explained:
- Tri-Services Academia Technology Symposium: A collaborative initiative involving the Indian Army, Navy, Air Force, and academic institutions aimed at leveraging scientific research for defence innovation.
- Vivek va Anusandhan se Vijay: Hindi for “Victory through Wisdom and Research”; the theme represents the strategic vision to blend intellectual capability with scientific progress for national defence.
- Aatmanirbhar Bharat: A flagship initiative by the Government of India to promote self-reliance across sectors, including defence, by developing indigenous capabilities and reducing dependency on foreign technology.
Tabular Summary:
Parameter | Details |
Event name | Curtain Raiser for Tri-Services Academia Technology Symposium |
Announcement date | July 4, 2025 |
Location | Manekshaw Centre, New Delhi |
Issuing authority | Indian Army in coordination with IDS, Indian Navy, and Indian Air Force |
Policy/series name | Tri-Services Academia-Defence Collaboration for Aatmanirbhar Bharat |
Key figures | Defence Services, Academia, R&D Stakeholders |
Purpose/reason | Launch preparations and portal for Sept 2025 defence-academia symposium |
Feature details | Portal for academic registration, proposal submission, seminars, exhibits |
Validity or status | Curtain raiser completed; main symposium on 22–23 Sept 2025 |
Strategic/significant value | Strengthens defence innovation pipeline via academic collaboration; boosts indigenisation |
21. Who attended INVEST 2025 at IIT Delhi as Guest of Honour, representing the Indian Air Force?
A) Air Marshal Suraj Kumar Jha
B) Air Marshal RK Anand
C) Air Marshal SP Dharkar
D) Air Marshal V K Garg
E) Air Marshal BR Krishna
Answer: D) Air Marshal V K Garg
Event and Location:
- Event: Air Marshal V K Garg attends INVEST 2025 as Guest of Honour
- Location: Indian Institute of Technology (IIT), Delhi
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: Air Marshal V K Garg attended the International Conference on Vibration Engineering, Science, and Technology (INVEST 2025) and delivered a keynote address.
- Objectives: To advocate for innovation in defence engineering, emphasize predictive maintenance, and encourage stronger academia-industry-defence collaboration for indigenisation and technological advancement.
Important Terms Explained:
- INVEST 2025: An international conference focused on Vibration Engineering, Science, and Technology, bringing together global researchers, defence personnel, and academic institutions to discuss innovation in diagnostics and system reliability.
- Predictive Maintenance: A strategy using data-driven insights to anticipate equipment failures before they occur, increasing reliability and minimizing downtime—critical for defence platforms.
- Indigenisation in Defence: Refers to the development and production of military equipment and technologies within India to reduce dependency on imports and promote Aatmanirbhar Bharat in the defence sector.
Tabular Summary:
Parameter | Details |
Event name | INVEST 2025 – International Conference on Vibration Engineering, Science, and Technology |
Announcement date | July 4, 2025 |
Location | IIT Delhi |
Issuing authority | Indian Air Force (Maintenance Command) & IIT Delhi |
Policy/series name | Defence-Academia Innovation Interface |
Key figures | Air Marshal V K Garg (AOC-in-C, Maintenance Command) |
Purpose/reason | Promote innovation in predictive maintenance, engineering reliability, and indigenisation |
Feature details | Keynote on defence engineering innovation; synergy among academia, industry, and IAF |
Validity or status | One-day academic-defence conference held successfully |
Strategic/significant value | Reinforces India’s self-reliance mission in defence technology and maintenance innovation |
22. As per the Union MSME Minister, what percentage of India’s GDP is currently contributed by the MSME sector?
A) 35.4%
B) 45.73%
C) 28%
D) 30.1%
E) 29.9%
Answer: D) 30.1%
Event and Location:
- Event: Press conference by Union MSME Minister on MSME performance and initiatives
- Location: Mumbai, Maharashtra
- Date: July 4, 2025
Mandates and Objectives:
- Mandates: The Union Minister for MSME, Shri Jitan Ram Manjhi, provided updates on MSME sector contributions, employment figures, registration statistics, and government scheme outcomes.
- Objectives: To highlight the role of MSMEs in India’s economic growth, promote credit-linked employment schemes, and demonstrate the ongoing support provided under various government initiatives for small and micro enterprises.
Important Terms Explained:
- Udyam Portal: Launched on July 1, 2020, this is a free, paperless platform for MSME registration based on self-declaration, intended to formalize micro, small, and medium enterprises in India.
- Udyam Assist Portal: Launched on January 11, 2023, to help informal micro-enterprises access formal benefits like Priority Sector Lending by enabling them to register and integrate with the financial system.
- PM Vishwakarma Scheme: A central government scheme offering end-to-end support to artisans and craftsmen from 18 traditional trades, providing skill training, credit, toolkit, and market linkage.
- PMEGP (Prime Minister Employment Generation Programme): A major credit-linked subsidy scheme aimed at generating self-employment through micro-enterprises in the non-farm sector.
- CGS (Credit Guarantee Scheme): Operated by CGTMSE, it provides collateral-free credit to MSMEs.
- MSME Samadhaan: An online platform for MSMEs to report delayed payments from buyers and seek redressal under the MSMED Act.
Tabular Summary:
Parameter | Details |
Event name | MSME Sector Review and Press Conference by Union MSME Minister |
Announcement date | July 4, 2025 |
Location | Mumbai, Maharashtra |
Issuing authority | Ministry of Micro, Small and Medium Enterprises (MSME) |
Policy/series name | Udyam Portal, PMEGP, PM Vishwakarma, CGS, MSME Samadhaan |
Key figures | Shri Jitan Ram Manjhi (Union MSME Minister) |
Purpose/reason | To present sectoral performance, employment data, and progress in MSME schemes |
Feature details | MSMEs contribute 30.1% to GDP, 35.4% to manufacturing, 45.73% to exports |
Validity or status | Active, ongoing support through various initiatives |
Strategic/significant value | MSMEs remain backbone of India’s economy, supporting 28 crore jobs |
23. Which Indian state has launched TGDeX, the country’s first state-led digital public infrastructure for AI, on July 2, 2025?
A) Karnataka
B) Maharashtra
C) Gujarat
D) Telangana
E) Tamil Nadu
Answer: D) Telangana
Event and Location:
- Event: Launch of Telangana Data Exchange (TGDeX), India’s first state-led digital public infrastructure for AI
- Location: Telangana, India
- Date: July 2, 2025
Mandates and Objectives:
- Mandates: The Government of Telangana, in collaboration with JICA, launched TGDeX to support development of AI solutions using shared public data infrastructure.
- Objectives: To foster AI innovation by enabling collaboration among government departments, private firms, academic institutions, and startups through access to high-quality datasets and digital infrastructure.
Important Terms Explained:
- TGDeX (Telangana Data Exchange): India’s first state-led Digital Public Infrastructure for Artificial Intelligence, providing developers with tools and datasets to build AI solutions across sectors.
- Digital Public Infrastructure (DPI): Publicly accessible digital platforms and systems that support innovation, interoperability, and scalable applications, especially in governance and citizen services.
- JICA (Japan International Cooperation Agency): Japan’s government agency providing development assistance, including strategic and technical support for digital transformation projects like TGDeX.
- T-Hub & RICH: T-Hub is a startup incubator in Hyderabad, while RICH (Research and Innovation Circle of Hyderabad) promotes collaboration between academia, government, and industry in innovation.
Tabular Summary:
Parameter | Details |
Event name | Launch of TGDeX – India’s first state-led Digital Public Infrastructure for AI |
Announcement date | July 2, 2025 |
Location | Telangana |
Issuing authority | Government of Telangana, with support from JICA and IISc Bengaluru |
Policy/series name | Telangana AI Mission – TGDeX Initiative |
Key figures | CM A. Revanth Reddy; Support from JICA, IISc, T-Hub, IIT-Hyderabad, RICH |
Purpose/reason | Build AI infrastructure for cross-sector collaboration and innovation |
Feature details | AI-ready datasets, developer tools, open data repository, ecosystem synergy |
Validity or status | Platform launched and active from July 2, 2025 |
Strategic/significant value | Supports Aatmanirbhar Bharat in AI, accelerates India’s leadership in ethical and inclusive AI innovation |
24. From which date will all funds for Centrally Sponsored Schemes (CSS) be mandatorily released via the SNA ‘Sparsh’ system?
A) October 1, 2025
B) November 1, 2025
C) January 1, 2026
D) December 1, 2025
E) April 1, 2026
Answer: B) November 1, 2025
Event and Location:
- Event: Mandatory rollout of SNA ‘Sparsh’ fund release system for all CSS
- Location: Nationwide (applicable to all States and UTs with legislatures)
- Date: November 1, 2025 (implementation); October 31, 2025 (onboarding deadline)
Mandates and Objectives:
- Mandates: The Ministry of Finance has directed that all Centrally Sponsored Schemes (CSS) funds must be routed through the Single Nodal Agency (SNA) ‘Sparsh’ platform from November 1, 2025.
- Objectives: To streamline fund flow, improve transparency, ensure just-in-time payments, reduce idle funds, and improve scheme efficiency through centralized fund management.
Important Terms Explained:
- Single Nodal Agency (SNA): A central entity designated to manage fund disbursement for a specific scheme, ensuring better accountability and fund utilization.
- Sparsh System: A digital platform introduced by the Reserve Bank of India (RBI) in June 2022, enabling just-in-time fund release, centralized reconciliation, and monitoring of CSS funds.
- Centrally Sponsored Schemes (CSS): Schemes in which funding is shared between the Central and State governments, focusing on national development priorities such as housing, livelihoods, education, and health.
- Just-in-Time Funds Release: A mechanism ensuring funds are released exactly when needed, preventing idle balances and ensuring fiscal efficiency.
Tabular Summary:
Parameter | Details |
Event name | Mandatory implementation of SNA ‘Sparsh’ for all CSS |
Announcement date | July 2025 |
Implementation date | November 1, 2025 |
Location | India (States and UTs with legislatures) |
Issuing authority | Ministry of Finance, Government of India |
Policy/series name | SNA ‘Sparsh’ Funds Release System |
Key figures | Finance Minister Nirmala Sitharaman; RBI Governor Shaktikanta Das |
Purpose/reason | To ensure transparency, better fund utilization, and real-time fund release |
Feature details | Consolidated 1.5 million accounts into 4,500 SNAs; ₹11,000 crore saved |
Validity or status | Mandatory for all schemes from Nov 1; onboarding deadline Oct 31 |
Strategic/significant value | Enhances capital expenditure tracking, eliminates fund diversion, boosts fiscal discipline |
Over All Review
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Sports
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Ranking
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Banking and Finance
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Business And Economy
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Defence
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International Affairs
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