NATIONAL NEWS
Prime Minister’s Historic Ghana Visit
PM Narendra Modi arrived in Ghana on 02.07.2025 for a historic two-day bilateral visit, marking the first visit by an Indian Prime Minister to the West African nation in over 30 years
President John Dramani Mahama personally received PM Modi at Kotoka International Airport with ceremonial guard of honour and 21-gun salute
India and Ghana signed four Memoranda of Understanding to strengthen bilateral cooperation in culture, health, standardisation, and institutional dialogue
PM Modi addressed the Parliament of Ghana and received the country’s highest state honour – the Companion of the Order of the Star
Trade between both nations has doubled in recent years, with discussions focusing on economic cooperation, agriculture, defence, and digital infrastructure
This visit is part of PM Modi’s five-nation diplomatic tour that includes Trinidad and Tobago, Argentina, Brazil for BRICS Summit, and Namibia
Cabinet Approvals under PM Modi’s Leadership
Union Cabinet approved National Sports Policy 2025, also known as Khelo Bharat Niti 2025, replacing the existing NSP 2001
The policy aims to make India one of the top five sporting nations by 2047 and a strong contender for hosting the 2036 Olympic Games
Cabinet approved Employment-Linked Incentive Scheme worth Rs 1.07 lakh crore to support formal job creation in manufacturing sector
The scheme targets creating 3.5 crore jobs over two years with focus on first-time workers and continuous employment support
Research Development and Innovation scheme approved with Rs 1 lakh crore allocation to boost strategic and sunrise domains
Cabinet approved construction of 4-lane Paramakudi-Ramanathapuram section of National Highway-87 in Tamil Nadu worth Rs 1,853 crore
Government Policy Updates
Centre allowed private motorcycles to operate as passenger transport through aggregators under 2025 guidelines
New guidelines ensure safety and regulatory clarity for shared mobility sector, pending state government approval
Transport Ministry permits dynamic pricing up to twice the base fare during peak hours for cab aggregators
50% lower fares permitted during non-peak hours under the 2025 Motor Vehicles Aggregator Guidelines
Regional Developments
Bihar Cabinet approved new Youth Internship Scheme under ‘7 Nischay-2’
Karnataka CM Siddaramaiah dismissed leadership speculation, confirming completion of full term
First batch of Amarnath Yatra pilgrims began journey with high security arrangements
Kashmir locals warmly welcomed pilgrims, showcasing communal harmony and regional support
Maharashtra signed MoU to develop African Safari at Gorewada Zoo, Nagpur, in partnership with NBCC
INTERNATIONAL NEWS
Global Diplomatic Developments
External Affairs Minister S Jaishankar attended Quad Foreign Ministers’ Meeting in Washington
Quad leaders condemned Pahalgam terror attack and raised concerns about China’s aggressive actions in Indo-Pacific region
South China Sea remains “issue of great concern” for all four Quad member nations
Quad launched Critical Minerals Initiative to counter China’s price manipulation and supply chain dominance
Middle East and Security Issues
Iran suspended cooperation with IAEA after clashes with Israel and US, escalating nuclear tensions
President Masoud Pezeshkian signed bill suspending Iran’s cooperation with International Atomic Energy Agency
Israeli Cabinet ministers urged Netanyahu to annex West Bank ahead of Knesset recess
Hamas remains open to Gaza ceasefire but holds firm on war-ending demand amid Trump-backed proposal
Asia-Pacific Updates
Japan began official campaigning for House of Councillors election scheduled for 20.07.2025
PM Shigeru Ishiba set goal for ruling coalition to retain majority control of 248-member upper house
Trump announced trade deal with Vietnam including 20% tariff, lower than initially proposed 46%
Bangladesh Tribunal sentenced former PM Sheikh Hasina to 6 months in prison
61 people missing after ferry sank near Indonesia’s Bali
Three Indians kidnapped amid Al Qaeda-linked terror group attacks in Mali
European Developments
EU Commission President Ursula von der Leyen faces no-confidence vote on 10.07.2025
Prince William and Kate Middleton received new Royal Power from King Charles to issue Royal Warrants
Sean ‘Diddy’ Combs denied bail after prostitution conviction but found not guilty of racketeering charges
BANKING AND FINANCIAL UPDATES
RBI Policy Developments
Reserve Bank of India delivered 50 basis points repo rate cut in June 2025 policy meeting
Policy repo rate reduced to 5.50% from 6.00%, marking front-loading of rate cuts
Cash Reserve Requirement reduced by 100 basis points to 3% in four tranches starting September 2025
RBI shifted policy stance to ‘neutral’ from ‘accommodative’
Next rate cut likely in December 2025, bringing repo rate to 5.25%
Banking Sector Changes
RBI appointed Kesavan Ramachandran as Executive Director
ACC extended FSIB Chairperson Bhanu Pratap Sharma and members’ tenure by one year
SBI marks 70 years with plan to solarise 4 million homes by FY27
AU Small Finance Bank partnered with LIC to expand life insurance access
IndusInd Bank launched digital banking platform ‘INDIE for Business’ to empower MSMEs
Credit Card and Banking Updates
SBI Card announced changes effective 15.07.2025 including revised Minimum Amount Due calculation
SBI discontinuing complimentary air accident insurance of Rs 1 crore on select premium credit cards
HDFC Bank revised credit card charges from 01.07.2025 with 1% fee on gaming and wallet loading
Axis Bank increased ATM transaction fees from Rs 21 to Rs 23 per transaction from 01.07.2025
ICICI Bank introduced updated service charges affecting ATM transactions and IMPS transfers
Financial Sector Developments
AIIB invested Rs 1,301 crore in Aditya Birla Capital for green infrastructure
Taiwan banking giant Taipei Fubon Commercial Bank secured approval to open branch in India
DoT welcomed RBI advisory mandating banks to integrate financial fraud risk indicator
Income Tax Return filing deadline extended to 15.09.2025 for non-audited taxpayers
BUSINESS AND ECONOMY
Economic Indicators
India’s Manufacturing Sector hit 14-month high in June driven by surge in exports and job growth
CRISIL revised India’s GDP growth to 6.5% for FY26, backed by strong monsoon and rate cuts
India maintains position as fastest-growing major economy with projected growth of 5.9% in 2025
Morgan Stanley forecasts India’s real GDP growth at 5.9% in 2025 and 6.4% in 2026
Corporate Updates
AM Green acquired 17.5% stake in Greenko from ORIX for USD 1.4 billion
Reliance Defence and Coastal Mechanics partnered for Defence MRO facility in Maharashtra
Over 300 Chinese engineers exited Foxconn India units, raising concerns over Apple’s manufacturing momentum
FSN E-Commerce promoters planning to trim 2.1% stake through Rs 1,200 crore block deal
Stock Market Updates
GIFT Nifty futures trading higher at 25,559, indicating muted start for bourses
S&P 500 and Nasdaq hit new record highs in US markets
No trading holidays scheduled for July 2025 in Indian stock markets
Next market holiday on 15.08.2025 for Independence Day
SPORTS NEWS
International Sports
15th Hockey India Sub Junior Women National Championship 2025 started in Ranchi from 03.07.2025
Jaipur to host inaugural Legen-Z T10 League from August 7
BCCI Ombudsman directed RCB and KSCA to file written replies to ‘gross negligence’ complaint
AIFF Technical Committee recommended appointment of new Indian men’s head coach
Minakshi and Pooja Rani assured India of two medals on Day 3 at World Boxing Cup Kazakhstan
Tennis Updates
Women’s top seed Aryna Sabalenka and men’s second seed Carlos Alcaraz advanced to third round at Wimbledon
New Zealand-raised British tennis player Cam Norrie caused upset by beating American 12th seed Frances Tiafoe
Both players won their matches in straight sets at Wimbledon championships
Other Sports
Lions won their second rugby tour match 52-12 over the Reds in Brisbane
Sam Tanner declared intention to break Sir John Walker’s 43-year-old New Zealand mile record
India scored 310 for five at stumps on opening day of second cricket test against England at Edgebaston
DEFENCE AND SECURITY
Naval Developments
INS Tamal commissioned into Indian Navy in Kaliningrad, Russia
Indian Navy received indigenous stealth frigate ‘Udaygiri’ under P17A project
Indian Navy plans to test K-6 hypersonic ballistic missile for future underwater nuclear strike force
K-6 submarine-launched ballistic missile has planned range of 8,000 kilometers and speed of Mach 7.5
Navy to induct up to 10 warships in 2025, beginning with ASW-SWC Arnala commissioning
Technology and Innovation
MiPhi launched India’s first locally designed and manufactured enterprise SSDs
Office of PSA to GoI released report on ‘ZET’ (Zero Emission Technology) adoption in India
Report focuses on ZET impact on emission reduction and energy efficiency
HEALTH AND ENVIRONMENT
Environmental Updates
India added 683 faunal species and 433 flora taxa to biodiversity records in 2024
Active monsoon to persist across north, central, and east India with heavy rainfall expected
Southwest Monsoon covered entire country on 29.06.2025, nine days ahead of normal schedule
Cloudbursts devastated Himachal’s Mandi with at least 10 dead and 34 missing after excessive rainfall
Health Sector
WHO SEAR Regional Director Saima Wazed received Mental Health Award 2025 at 24th IMHC, Thailand
COVID-19 vaccines not responsible for sudden deaths, confirms ICMR scientist
India reported 25.44 lakh HIV cases in 2023, with Karnataka, Tamil Nadu, and Telangana contributing significantly
IMPORTANT DAYS AND OBSERVANCES
July 2025 Important Days
01.07.2025 – National Doctor’s Day honoring medical professionals and Dr. Bidhan Chandra Roy
01.07.2025 – Chartered Accountants Day marking 77th foundation day of ICAI
01.07.2025 – GST Day celebrating implementation of Goods and Services Tax
02.07.2025 – World Sports Journalists Day recognizing sports journalism professionals
02.07.2025 – World UFO Day promoting awareness about extraterrestrial possibilities
Cultural and Social Events
Renowned cricketer V.V. Kumar honored on 90th birthday with commemorative book launch
AP launched Digi-Lakshmi Scheme for urban women empowerment
Puri began preparations for Bahuda Yatra with smooth darshan at Gundicha Temple
TECHNOLOGY AND INNOVATION
Digital Infrastructure
Union Minister Ashwini Vaishnaw launched RailOne Super App for passenger services
GoIStats mobile application launched by National Sample Survey Office for data accessibility
App provides interactive dashboard showing GDP, inflation, and employment indicators
Emerging Technologies
Generative AI dominates technology trends in 2025 with advanced multimodal systems
Quantum computing applications expanding in cryptography and drug discovery
5G expansion facilitating transformative technologies like IoT and autonomous vehicles
Apple unveiled Metal 4 with native AI capabilities for graphics processing
EXAMINATION PERSPECTIVE
Key Points for Competitive Exams
Cabinet approvals and policy decisions under PM Modi’s leadership
India’s diplomatic relations with African nations through Ghana visit
RBI monetary policy changes and banking sector developments
Economic indicators showing India’s growth trajectory
Defence modernization and naval capabilities enhancement
Environmental conservation and biodiversity records
Important national and international days in July 2025
Sports events and Indian performance in international competitions
Technology trends and digital transformation initiatives
Health sector developments and medical research outcomes
This comprehensive update covers all major developments on 03.07.2025, providing essential information for banking and competitive examination preparation. The focus remains on factual reporting of government policies, economic indicators, international relations, and sector-specific updates relevant for various competitive examinations.
