National News
RBI Monetary Policy Committee Meeting August 2025
Reserve Bank of India’s Monetary Policy Committee under Governor Sanjay Malhotra began its three-day policy review meeting on August 04, 2025
The committee is expected to maintain the repo rate at 5.5 percent despite inflation easing to 2.1 percent in June 2025
The RBI has already cut repo rate by 100 basis points this year including a 50 basis points cut in June review
Decision announcement scheduled for August 06, 2025 at 10:00 AM IST
US tariff threats on Indian imports add complexity to policy decisions
Defence Acquisition Council Approves ₹67,000 Crore Military Upgrade
Defence Acquisition Council under Defence Minister Rajnath Singh cleared proposals worth ₹67,000 crore on August 05, 2025
Indian Army to receive Thermal Imager-based Driver Night Sight for BMP vehicles enhancing night driving capability
Indian Navy approved for Compact Autonomous Surface Craft, BrahMos Fire Control System, and upgraded BARAK-1 Point Defence Missile System
Indian Air Force to get Mountain Radars for enhanced surveillance along mountainous borders
All three services to receive Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft (RPAs)
Sustenance approved for C-17 and C-130J fleets and comprehensive maintenance contract for S-400 missile system
Prime Minister Modi to Inaugurate Kartavya Bhavan
Prime Minister Narendra Modi will inaugurate Kartavya Bhavan on August 06, 2025
The new complex is part of Central Vista redevelopment project located near India Gate area
First among several Common Central Secretariat buildings under Central Vista project
Designed to promote administrative efficiency and citizen-centric governance
Public address by Prime Minister will accompany the inauguration ceremony
Parliament Extends President’s Rule in Manipur
Parliament approved extension of President’s Rule in Manipur for six months beyond August 13, 2025
Resolution passed by both Lok Sabha and Rajya Sabha amid opposition protests
President’s Rule was initially imposed on February 13, 2025 after Chief Minister N. Biren Singh stepped down
Extension comes during ongoing ethnic conflict between Meitei and Kuki-Zo communities
Minister of State for Home Affairs stated only one incident of violence reported since President’s Rule imposed
Uttarakhand Cloudburst Triggers Flash Floods
Major cloudburst struck Dharali village in Uttarkashi district on August 05, 2025 around 1:45 PM
At least four people confirmed dead with over 50 missing and feared trapped under debris
Flash floods in Kheer Ganga river swept away houses, shops, hotels, and infrastructure
Over 70 people rescued by Army, SDRF, and NDRF teams despite challenging weather conditions
Dharali village located on pilgrimage route to Gangotri Dham completely devastated
Prime Minister Modi assured full central government support for rescue operations
NITI Aayog Launches India Electric Mobility Index
NITI Aayog launched India Electric Mobility Index (IEMI) on August 05, 2025
First-of-its-kind national tool to evaluate state and UT progress in electric mobility
Index scores states on scale of 100 based on 16 indicators across three themes
Themes include Transport Electrification Progress, Charging Infrastructure Readiness, and EV Research Innovation
Delhi tops ranking with score of 77, followed by Maharashtra (68) and Chandigarh (65)
Tool aims to promote healthy competition and best practice sharing among states
Former J&K Governor Satyapal Malik Passes Away
Former Jammu and Kashmir Governor Satyapal Malik died on August 05, 2025 at age 79
Passed away at Ram Manohar Lohia Hospital in New Delhi after prolonged illness
Served as last Governor of erstwhile J&K state from August 2018 to October 2019
His tenure witnessed abrogation of Article 370 on August 5, 2019
Also served as Governor of Bihar, Odisha, Goa, and Meghalaya
Later became vocal critic of BJP government particularly over Pulwama attack security lapses
Pariksha Pe Charcha 2025 Sets Guinness World Record
Prime Minister Modi’s Pariksha Pe Charcha initiative awarded Guinness World Record
Record for ‘Most people registered on Citizen Engagement Platform in one month’
8th edition of program achieved 3.53 crore valid registrations on MyGov platform
Total viewership exceeded 21 crore across all media platforms in 2025
Initiative transforms examination season into festival of positivity and learning
Certificate presented at ceremony attended by Education Minister Dharmendra Pradhan
BIMSTEC Traditional Music Festival Inaugurated
First-ever BIMSTEC Traditional Music Festival held at Bharat Mandapam, New Delhi on August 04, 2025
External Affairs Minister Dr. S. Jaishankar inaugurated the festival
Artists from all seven BIMSTEC countries participated: India, Bangladesh, Bhutan, Myanmar, Nepal, Sri Lanka, Thailand
Festival theme ‘SaptaSur – Seven Nations, One Melody’ celebrated regional unity
Event organized by Indian Council for Cultural Relations (ICCR)
Commitment made by PM Modi at BIMSTEC Summit in Thailand implemented
International News
Trump Threatens Higher Tariffs on India
US President Donald Trump renewed threats to impose steep tariffs on Indian goods
Warning over India’s continued oil imports from Russia despite US sanctions
Trump signaled tariff rate likely to be raised ‘substantially’ within 24 hours
India dismissed warning as ‘unjustified’ and pledged to safeguard economic interests
Current 25 percent tariff already imposed on all Indian imports
Trade tensions escalating between world’s two largest democracies
Russia Exits INF Treaty with US
Russia announced withdrawal from 1987 Intermediate-Range Nuclear Forces (INF) Treaty with America
Decision follows Trump’s deployment of nuclear submarines near Russian waters
Major retaliatory move highlighting escalating US-Russia tensions
Treaty previously limited medium-range nuclear weapons deployment
Move raises concerns about global nuclear arms control frameworks
US Considers Bond Requirements for Visas
State Department proposal requires applicants for business and tourist visas to post bonds up to $15,000
Pilot program aimed at ensuring visa holders comply with terms and return home
Measure part of broader immigration enforcement initiatives
Could significantly impact travel costs for visa applicants
Implementation details and timeline yet to be announced
Israeli Cabinet May Order Complete Gaza Takeover
Israel’s cabinet considering authorization of complete military takeover of Gaza
Would mark first comprehensive control in two decades despite international pressure
Decision comes amid ongoing conflict and ceasefire negotiations
International community continues pushing for diplomatic resolution
Move could significantly escalate regional tensions
Sports News
Magnus Carlsen Wins Chess Esports World Cup 2025
Norwegian grandmaster Magnus Carlsen won first-ever Chess Esports World Cup
Defeated Alireza Firouzja in final held in Riyadh, Saudi Arabia
Prize money of $250,000 for first place in inaugural chess esports event
Tournament featured rapid games with 10 minutes per player, no increment
Event marked chess inclusion in esports with heart-rate monitors and live audience
Total prize pool of approximately $1.5 million across all positions
Chennai Grand Masters Chess Tournament Begins
Arjun Erigaisi, Vidit Gujrathi, R Vaishali, and D Harika among Indians participating
Tournament features both Masters and Challengers sections
Round 1 matches include top international players from multiple countries
Event part of India’s growing chess calendar and international presence
Multiple Indians competing across different rating categories
Bengaluru FC Suspends Player Salaries
Bengaluru FC suspended salaries for all first-team players and support staff
Decision includes Indian football legend Sunil Chhetri’s salary
Action taken due to ongoing ISL (Indian Super League) deadlock
AIFF scheduled to meet eight ISL club CEOs on August 7, 2025
Financial uncertainty affecting Indian football’s premier competition
India’s Test Cricket Series Against England Concludes
India vs England Test series ended 2-2 in drawn series
Record-breaking performances witnessed throughout the Anderson-Tendulkar Trophy
Series marked by intense competition and memorable individual achievements
Both teams showcased competitive cricket across multiple venues
Summer of cricket concluded with mutual respect between players
FIBA Asia Cup Basketball Updates
India’s basketball team competed against Jordan in close match
Tournament continuing with multiple Asian nations participating
India showing improved performance in international basketball competitions
Event part of Asia’s growing basketball development programs
Business and Economic News
Stock Market Updates August 06, 2025
Sensex opened flat with marginal movements in opening trade
Nifty trading above 24,650 level with mixed sector performance
Bharti Airtel shares up following strong Q1 results
Britannia Industries down post earnings announcement
Defence stocks in focus after ₹67,000 crore DAC approvals
Bharti Airtel Reports Strong Q1 Results
Consolidated net profit jumped 43 percent to ₹5,948 crore in Q1FY26
Revenue grew 28.5 percent to ₹49,463 crore compared to previous year
ARPU (Average Revenue Per User) increased to ₹250 from ₹211
Customer base expanded 6.6 percent to 436 million subscribers
EBITDA margin expanded to 56.3 percent from 51.18 percent
Fifth consecutive quarter of profit growth achieved
Highway Infrastructure IPO Oversubscribed
Highway Infrastructure IPO subscribed 27 times on first day of bidding
₹130 crore public offering received overwhelming investor response
Retail investors subscribed 29 times their allocated portion
Non-institutional investors booked 33 times their quota
Grey market premium over 57 percent indicating strong market sentiment
Income Tax Department Detects Undisclosed Income
Income Tax Department conducted 465 surveys in FY 2024-25
Revealed ₹30,444 crore undisclosed income through comprehensive surveys
Action taken based on credible information and intelligence inputs
Parliament informed about significant tax evasion detection
Follows pattern of increased tax compliance enforcement
India’s Tax Arrears Reach ₹54.53 Lakh Crore
Total tax arrears exceeded ₹54.53 lakh crore by June 2025
Direct tax dues account for ₹47.52 lakh crore of total arrears
Indirect taxes contribute ₹7.01 lakh crore to pending collections
Government data reveals significant revenue collection challenges
Efforts ongoing to improve tax collection mechanisms
PM Viksit Bharat Rozgar Yojana Implementation
Employment Linked Incentive scheme came into effect from August 1, 2025
Renamed as PM Viksit Bharat Rozgar Yojana with ₹99,446 crore outlay
Aims to incentivize creation of over 3.5 crore jobs over two years
1.92 crore beneficiaries will be first-time workforce entrants
Benefits applicable for jobs created between August 1, 2025 and July 31, 2027
International Aviation and Transport
India Becomes 5th Largest Aviation Market
India emerged as world’s fifth-largest aviation market in 2024
Handled 241 million passengers with 11.1 percent growth over 2023
Mumbai-Delhi route ranked 7th busiest globally with 5.9 million passengers
Asia Pacific dominated top 10 busiest airport pairs worldwide
International premium class travel grew 11.8 percent outpacing economy growth
US remains largest market with 876 million passengers
Boeing and Airbus Dominate Aircraft Usage
Boeing B737 aircraft flew 10 million flights in 2024
Airbus A320 completed 7.9 million flights with significant capacity utilization
Narrow-body aircraft remained most popular for airlines globally
Available Seat Kilometers (ASKs) indicate strong capacity deployment
Aircraft manufacturers maintaining competitive market positions
Government Initiatives and Policy Updates
Central Vista Redevelopment Progress
Kartavya Bhavan represents first major completion in Central Vista project
Modern governance infrastructure replacing colonial-era buildings
Zero-discharge facility with advanced environmental features
Strategic location near India Gate and Rashtrapati Bhavan
Symbolic of India’s transition to contemporary administrative systems
Electric Vehicle Policy Advancement
NITI Aayog report “Unlocking a $200 Billion Opportunity” released
India’s EV sales grew from 50,000 in 2016 to 2.08 million in 2024
Target of 30 percent EV share in total vehicle sales by 2030
Challenges include high upfront costs and limited charging infrastructure
Policy recommendations for financing, infrastructure, and skill development
BIMSTEC Cultural Cooperation
Cultural diplomacy initiative strengthens regional ties
Music festival demonstrates soft power approach to international relations
Seven-nation collaboration showcases shared heritage and diversity
India’s leadership role in regional cultural initiatives highlighted
Foundation for future BIMSTEC cultural exchanges established
Key Economic Indicators
Inflation and Monetary Policy
Retail inflation dipped to 2.1 percent in June 2025
RBI’s medium-term inflation target remains at 4 percent
Global economic uncertainty influencing domestic policy decisions
US trade tensions adding complexity to monetary policy framework
Central bank balancing growth support with price stability
Digital India Progress
UPI transactions crossed 700 million daily for first time
Digital payment systems showing robust growth trajectory
MyGov platform achieving record citizen engagement numbers
Technology enabling large-scale government-citizen interaction
Digital infrastructure supporting various government initiatives
This comprehensive update covers major developments across national governance, international relations, economic policies, sports achievements, and cultural initiatives relevant for competitive examination preparation in India.
