National News Updates
Prime Minister Modi’s Infrastructure Push
Bengaluru Metro Yellow Line Inauguration: PM Modi inaugurated the 19.15 km Yellow Line of Bengaluru Metro connecting RV Road to Bommasandra worth ₹7,160 crore
The metro expansion increases Bengaluru’s operational network to over 96 km
Foundation stone laid for Metro Phase-3 project worth ₹15,610 crore spanning 44 km with 31 elevated stations
Three new Vande Bharat Express trains flagged off connecting Bengaluru-Belagavi, Amritsar-Vaishno Devi Katra, and Nagpur-Pune routes
Government’s Employment Initiative Launch
PM Viksit Bharat Rozgar Yojana (PM-VBRY) comes into effect from August 1, 2025
Aims to create over 3.5 crore jobs with an outlay of ₹99,446 crore over two years
Part A provides one-month EPF wage up to ₹15,000 for first-time employees
Part B offers incentives up to ₹3,000 per month for employers for two years
Banking Sector Reforms
Key provisions of Banking Laws Amendment Act 2025 became effective from August 1
‘Substantial Interest’ threshold increased from ₹5 lakh to ₹2 crore
Cooperative bank directors’ tenure extended from 8 to 10 years
PSBs now allowed to transfer unclaimed amounts to IEPF
RBI Monetary Policy August 2025
Repo rate maintained steady at 5.50% unanimously
CPI inflation forecast revised downward to 3.1% for FY26
GDP growth projection retained at 6.5% for FY26
CRR reduction from 4% to 3% to begin September 2025
Defense and Security Updates
Indian Army constructed 90-foot Bailey bridge in Uttarkashi for flood relief
Defence Minister Rajnath Singh criticized US tariffs, calling them signs of envy at India’s growth
Government speeds up purchase of MALE drones for border security
International News Updates
US-India Trade Relations
Trump imposed additional 25% tariff on Indian goods, bringing total to 50%
Tariffs target India’s continued purchase of Russian oil
India condemns the move as “unfair, unjustified and unreasonable”
Exemptions remain for pharmaceuticals, semiconductors, and energy resources
China-India Border Developments
30th meeting of Working Mechanism for Consultation and Coordination held in New Delhi
Both sides agreed to uphold peace and tranquility at Line of Actual Control
China urged to monitor border as India upgrades road infrastructure in Galwan Valley
Discussions termed “in-depth, constructive and forward-looking”
Global Political Updates
Thai soldiers injured by landmine near Cambodia amid fragile ceasefire
Brazil’s Lula and Russia’s Putin discussed Ukraine peace in 40-minute call
European court blamed Russia for MH17 crash killing 298 people
London police arrested over 460 in Palestine Action protest
Sports News Highlights
Cricket Updates
India’s Test series against England concluded with 2-2 draw
Sanju Samson credits coach Gautam Gambhir for confidence revival
Shubman Gill likely to be elevated as vice-captain for Asia Cup
BCCI breaks silence on Rohit Sharma and Virat Kohli’s ODI future
Other Sports Achievements
Rishabh Yadav wins India’s first individual medal at World Games 2025 in archery
Indian women boxers secure nine medals at U19 Asian Championships
New Zealand beats Zimbabwe by innings and 359 runs in Test cricket
India U20 women’s football team qualifies for AFC Asian Cup 2026 after 20 years
Sports Infrastructure
India hosts World Athletics Bronze-Level Continental Tour for first time at Kalinga Stadium
160 athletes from 17 countries participated in Bhubaneswar event
Lhakpa Tsering to represent India in Asia Cross Country Rally
Economic and Business Updates
Stock Market Performance
Foreign Portfolio Investors withdraw close to ₹18,000 crore from equities in August
Total FPI outflow reaches ₹1.13 lakh crore in 2025
Trade tensions and disappointing earnings cited as reasons
Sensex drops below 80,000 level due to tariff worries
Gold Price Movement
Gold reaches new heights with ₹101,501 per 10 grams for 24-karat
Weekly gain of ₹2,689 per 10 grams recorded
22-karat gold priced at ₹93,043 per 10 grams
Market volatility remains low despite price surge
MSCI Index Changes
Four Indian stocks added to MSCI Global Standard Index
Swiggy, Vishal Mega Mart, Hitachi Energy India, and Waaree Energies included
Changes effective from August 26, 2025
Two stocks removed from the index
Government Schemes and Initiatives
New Policy Announcements
Draft National Telecom Policy 2025 released for public consultation
Targets 90% population coverage with 5G by 2030
Aims to create 10 lakh jobs in telecom sector
Focus on domestic manufacturing and cybersecurity
Technology and Space Programs
NISAR mission (NASA-ISRO collaboration) scheduled for launch
HOPE analog space mission established in Ladakh
Gaganyaan program enters final phase with first human spaceflight scheduled for Q1 2027
India celebrates achievements in space exploration
Weather and Natural Disasters
Monsoon Impact
IMD issues orange alert for Himachal Pradesh till August 14
Bihar faces severe flood situation with 26 casualties
Heavy rainfall warnings for multiple states including Uttarakhand
Ganga water level rising in Patna and surrounding areas
Disaster Management
Uttarakhand cloudburst in Dharali village causes widespread destruction
ISRO releases satellite images showing 20 hectares debris field
Rescue operations continue on war footing
SDMA reports 219 monsoon-related deaths in Himachal Pradesh
Supreme Court and Legal Updates
Judicial Decisions
Supreme Court issues special bench schedule for August 11, 2025
Changes in bench composition announced for multiple courts
Transfer petitions and bail matters rescheduled
Important constitutional matters under consideration
Electoral Developments
Bihar Special Intensive Revision of electoral rolls in progress
Draft electoral roll published with booth-wise lists shared
Opposition parties raise concerns about voter exclusion
Supreme Court involvement in electoral process monitoring
State-wise Important Updates
Karnataka
Bengaluru emerges as symbol of New India’s technological rise
Major infrastructure projects worth ₹20,000 crore benefit 25 lakh residents
PM Modi praises city’s contribution to India’s IT sector
Continued focus on urban planning and smart infrastructure
Bihar
Flood situation critical with multiple districts affected
Election preparations underway with voter list revision
Political parties gear up for 2025 assembly elections
Development projects announced despite natural calamities
Uttar Pradesh
Multiple development initiatives announced
Focus on industrial growth and employment generation
Infrastructure improvements in various districts
Agricultural sector support measures implemented
Key Takeaways for Competitive Exams
Banking Awareness
Banking Laws Amendment Act 2025 provisions
RBI Monetary Policy Committee decisions
Interest rate scenarios and inflation targets
Financial sector reforms and governance improvements
Current Affairs Focus Areas
Government schemes and their objectives
International relations and diplomatic developments
Economic indicators and market movements
Constitutional and legal developments
General Knowledge Updates
Sports achievements and upcoming events
Technology and space mission developments
Environmental and disaster management issues
Cultural and social initiatives
This comprehensive update provides essential information for candidates preparing for banking, SSC, UPSC, and other competitive examinations, covering all major developments from national and international spheres relevant for the date 11.08.2025.
