NATIONAL NEWS
Prime Minister Modi to Distribute 51,000 Appointment Letters
Prime Minister Narendra Modi will distribute over 51,000 appointment letters to newly recruited candidates on 12.07.2025 at 11:00 AM via video conferencing
This marks the 16th edition of Rozgar Mela, conducted at 47 locations across India
Over 10 lakh recruitment letters have been issued through previous Rozgar Melas
New recruits will join various ministries including Railways, Home Affairs, Posts, Health and Family Welfare, Financial Services, and Labour and Employment
Indian Army Launches Operation Shiva 2025
Operation Shiva 2025 launched to secure the Amarnath Yatra with over 8,500 troops deployed
Enhanced security framework includes 50+ anti-drone systems and electronic warfare equipment
Medical support includes 150+ doctors, 2 advanced dressing stations, 9 medical aid posts, and 100-bed hospital
Operation focuses on both Northern and Southern Yatra routes following heightened Pakistan-backed proxy threats
Major Policy Changes Effective from July 2025
Aadhaar now mandatory for all new PAN card applications
GST returns (GSTR-3B) become non-editable once filed
Railway fares increased for the first time in 5 years – 0.5 paisa/km for ordinary class, 1 paisa/km for Mail/Express, 2 paisa/km for AC classes
Income Tax Return filing deadline extended to September 15, 2025
INTERNATIONAL NEWS
US Trade Policy Updates
Donald Trump announces 35% tariff on Canadian products from August 1, 2025
US considers similar tariffs on other nations as part of trade war strategy
Trump-Canada relations tense amid ongoing trade negotiations
Gaza-Israel Developments
Israeli PM Netanyahu expresses hope for hostage deal and 60-day ceasefire with Hamas
Ceasefire talks continue in Qatar with both sides working toward resolution
International mediators optimistic about progress despite significant challenges
Russia-Ukraine Conflict
Russia remains open to Ukraine peace talks while awaiting signals from Kyiv
Ukrainian drone attacks kill 3 in Russia; Moscow retaliates with strikes on Ukrainian positions
US Secretary of State Rubio holds surprise meeting with Russian Foreign Minister Lavrov
European Central Bank Policy
ECB lowers key interest rates by 25 basis points to support economic growth
Inflation outlook remains stable at 2% target for 2025
Economic projections show GDP growth of 0.9% in 2025
BANKING AND FINANCIAL NEWS
RBI Monetary Policy Highlights
Policy repo rate reduced by 50 basis points to 5.50% with immediate effect
Cash Reserve Ratio (CRR) reduced by 100 basis points to 3.0% in four equal tranches
Standing Deposit Facility rate lowered to 5.25%
Marginal Standing Facility rate reduced to 5.75%
RBI New Directions on Pre-payment Charges
New directions issued on July 2, 2025, regulating pre-payment charges on loans
Restrictions imposed on floating rate loans to individuals for non-business purposes
Enhanced transparency requirements for loan agreements and Key Facts Statements
Rules applicable to loans sanctioned from January 1, 2026
Banking Sector Performance
Scheduled Commercial Banks’ Capital to Risk Weighted Assets Ratio reaches record high of 17.3%
Gross Non-Performing Assets ratio falls to 2.3%
Bank credit growth maintains healthy momentum with improved asset quality
Upcoming Banking Exams
SBI PO 2025: Registration from June 24 to July 14, 2025
IBPS PO 2025: Registration from July 1 to 21, 2025
RBI Grade A & B 2025: Registration from July 11 to 31, 2025
SPORTS NEWS
Wimbledon 2025 Updates
Jannik Sinner defeats Novak Djokovic to reach maiden Wimbledon final
Sinner will face defending champion Carlos Alcaraz in the final on July 13
Alcaraz aims for third consecutive Wimbledon title
Women’s final features Iga Swiatek vs Amanda Anisimova
Cricket Updates
India vs England Test series continues with strong Indian performance
Jasprit Bumrah achieves 5-wicket haul at Lord’s, breaks Kapil Dev’s record
Italy and Netherlands qualify for T20 World Cup 2026
Women’s Cricket World Cup 2025 schedule announced for September-November
Chess and Other Sports
Vantika Agrawal defeats former world champion Anna Ushenina in FIDE Women’s World Cup
Indian chess players advance to Round 3 of World Cup
Multiple international sporting events scheduled through July
BUSINESS AND ECONOMY
Tesla India Launch
Tesla confirms first showroom opening in Mumbai on July 15, 2025
Experience center located at Bandra Kurla Complex
Model Y expected to be the first vehicle launched in India
Tesla receives trade certificate from Maharashtra RTO
Amazon Prime Day 2025
72-hour shopping event from July 12-14, 2025
Over 1,600 new product launches across 400+ brands
Up to 80% discounts on electronics, appliances, and fashion
Additional 10% savings with ICICI Bank and SBI credit cards
Economic Indicators
GDP growth projected at 6.5% for FY 2025-26
CPI inflation drops to 2.8% in May 2025, a 6-year low
Forex reserves at $697.9 billion covering 11 months of imports
Strong performance across banking and non-banking financial sectors
AWARDS AND APPOINTMENTS
Recent Appointments
Sahil Kini appointed as CEO of Reserve Bank Innovation Hub (RBIH)
Multiple appointments announced across central government departments
16th Rozgar Mela distributing 51,000+ appointment letters
Awards and Recognition
Sarankumar Limbale selected for 2025 Chinta Ravindran Award
Various literary and cultural awards announced
Recognition for outstanding contributions in different fields
IMPORTANT DAYS
July 12, 2025 Observances
World Paper Bag Day: Promotes eco-friendly alternatives to plastic bags
National Simplicity Day: Encourages simple living and minimalism
Malala Day: Honors education activist Malala Yousafzai
GOVERNMENT SCHEMES UPDATE
PM-YUVA 3.0 Scheme
Third edition launched on March 11, 2025
50 young authors to be selected for mentorship
Monthly stipend of ₹50,000 for 6 months
Focus on Indian Diaspora contribution and Indian Knowledge System
Welfare Schemes
Continued implementation of PM Kisan Samman Nidhi
Various state-specific agricultural and rural development schemes
Enhanced social security measures for different demographics
ENVIRONMENT AND CLIMATE
UNESCO World Heritage Committee
47th session ongoing in Paris from July 6-16, 2025
Multiple sites under consideration for World Heritage status
Focus on conservation and protection of cultural and natural heritage
Climate Initiatives
Continued emphasis on sustainable development
Environmental protection measures across various sectors
Climate change adaptation strategies being implemented
SCIENCE AND TECHNOLOGY
Digital India Updates
Continued push for digital governance
Technology integration in various government services
Innovation in financial services and digital payments
Space and Defense
Group Captain Shubhanshu Shukla’s extended mission aboard International Space Station
Advanced technology deployment in security operations
Defense modernization initiatives
EXAMINATION TIPS
Key Focus Areas for Competitive Exams
Banking: RBI monetary policy decisions, banking sector performance, new regulations
Current Affairs: National and international developments, awards, appointments
Economy: GDP growth, inflation trends, government schemes
Sports: Major tournaments, Indian achievements, international events
Geography: UNESCO World Heritage sites, environmental initiatives
Preparation Strategy
Focus on recent policy changes and their implications
Stay updated with banking sector developments
Practice questions on current economic indicators
Remember key dates and important observances
Analyze government schemes and their objectives
This comprehensive current affairs update covers all major developments relevant for banking and competitive examination preparation. Regular study of such updates will enhance your knowledge base and improve your chances of success in various competitive examinations.
