Home » Daily Current Affairs and GK Update – 15.07.2025

Daily Current Affairs and GK Update – 15.07.2025

R Doraiswamy appointed as new CEO and MD of Life Insurance Corporation of India (LIC)

NATIONAL NEWS HIGHLIGHTS

Government Appointments and Administrative Changes

  • President Droupadi Murmu appointed new Governors for three states – Prof. Ashim Kumar Ghosh became Haryana’s Governor, Ashok Gajapathi Raju appointed for Goa, and Kavinder Gupta named as Ladakh’s new Lieutenant Governor

  • Major judicial appointments approved – Justice Sanjeev Sachdeva appointed as Chief Justice of Madhya Pradesh High Court, Justice Ashutosh Kumar appointed as Chief Justice of Gauhati High Court

  • Multiple High Court Chief Justice transfers – Justice M.M. Shrivastava transferred from Rajasthan to Madras High Court, Justice Aparesh Kumar Singh moved from Tripura to Telangana High Court

  • R Doraiswamy appointed as new CEO and MD of Life Insurance Corporation of India (LIC) for three years, replacing Sat Pal Bhanoo

Economic and Financial Developments

  • India’s retail inflation hits 6-year low at 2.1% in June 2025, down from previous months due to declining food prices

  • Wholesale Price Index (WPI) inflation turns negative at -0.13% in June 2025, indicating deflationary trends in commodity prices

  • Reserve Bank of India considering secured rate as new operational benchmark for monetary policy transmission, replacing unsecured Weighted Average Call Rate

  • Employment Linked Incentive Scheme announced – Government allocated ₹1 lakh crore budget to create 3.5 crore new jobs, providing ₹15,000 to youth getting first private sector job

Infrastructure and Development

  • Union Minister Nitin Gadkari inaugurated India’s second-longest cable-stayed bridge – The ₹472 crore Sigandur bridge in Karnataka connecting Shivamogga region, enhancing connectivity to Sharavathi backwaters

  • Ministry of Heavy Industries launched incentive scheme for electric trucks under PM E-DRIVE initiative to boost electric vehicle adoption

  • Gujarat became first state to join Cruise Bharat Mission to develop cruise tourism infrastructure and create employment opportunities by 2029

Healthcare and Social Welfare

  • Health Ministry mandated food labeling for school and office canteens – Boards displaying sugar and fat content to combat rising obesity and lifestyle diseases

  • Mumbai reports 126 measles cases among children in 2025 – BMC intensified monitoring and treatment efforts at municipal hospitals

  • Supreme Court directed Centre and states to implement stricter measures against hate speech emphasizing need for social harmony

Technology and Innovation

  • DoT launched ‘Sanchar Mitra Scheme’ nationwide to empower youth as digital ambassadors in telecommunications sector

  • India leads world in fast payments with UPI transactions crossing 18 billion monthly according to IMF report

  • WHO unveiled first AI-Traditional Medicine roadmap recognizing India’s global leadership in AYUSH integration

INTERNATIONAL NEWS HIGHLIGHTS

Diplomatic Relations

  • External Affairs Minister S. Jaishankar meets Chinese Vice President Han Zheng in Beijing, stating India-China relations steadily improving since Modi-Xi meeting in Kazan

  • India-US mini trade deal nearing finalization – Negotiations continue for interim agreement covering agricultural products and tariff concessions

  • India joins ‘Talisman Sabre 2025’ military exercise – Participated in Australia’s largest warfighting drill involving 19 nations including US

  • India secured 5-year DAP fertilizer supply agreement with Saudi Arabia to boost food security during JP Nadda’s visit

Global Economic Developments

  • US President Donald Trump threatened 100% tariffs on Russia if Ukraine war doesn’t end within 50 days, impacting global commodity markets

  • Gold prices decline slightly across Indian cities – 24K gold dropped ₹11 per gram to ₹9,977, while 22K gold fell ₹10 to ₹9,145 per gram

  • EU extends suspension of trade countermeasures against US until August 1 to facilitate negotiations amid Trump’s tariff threats

  • New Zealand announces strategy to double international student market by 2034 with eased work rules to attract global talent

International Security

  • Three ULFA leaders killed in Myanmar drone strikes – Indian Army denied involvement in cross-border operation

  • China describes Tibet-related issues as ‘thorn’ in India relations ahead of Jaishankar’s visit, raising concerns about Dalai Lama succession

  • Ukraine’s Zelensky proposes new PM and Defense Minister in major cabinet reshuffle amid ongoing conflict

Global Health and Science

  • Former Nigerian President Muhammadu Buhari dies at 82 – Led Africa’s most populated nation twice as military head and democratic president

  • German customs discover 1,500 tarantulas disguised as cookies in Vietnam shipment, highlighting wildlife trafficking concerns

  • US reports first pneumonic plague death since previous outbreaks, raising public health awareness

BANKING AND FINANCIAL NEWS

Banking Sector Updates

  • Indian Coast Guard rescued US-flagged vessel ‘Sea Angel’ stranded 52 nautical miles southeast of Andaman & Nicobar Islands

  • IIFL Home Finance received $100 million financing from Asian Infrastructure Investment Bank for housing sector expansion

  • Banking stocks show mixed performance – Nifty Bank index at 57,065 with 0.52% increase, IDFC First Bank declined 1.3%

Stock Market Performance

  • BSE Sensex opens higher by over 150 points at 82,233, while Nifty 50 gained 7.20 points to 25,089

  • Long buildup observed in Bank Nifty futures with analysts recommending long positions on dips with stop loss at 25,000 levels

  • Key stocks to watch – HCL Tech, Rallis India, Tata Technologies, and LIC showing significant movement

Economic Policy Changes

  • Centre defends revised framework for SO2 emission norms balancing environmental concerns with economic growth

  • Government departments directed to publicize oil and sugar content of Indian snacks to promote health awareness

  • Labour Minister urged states to promote job-linked incentive schemes to boost employment generation

SPORTS NEWS HIGHLIGHTS

International Tennis

  • Jannik Sinner becomes first Italian to win Wimbledon men’s singles defeating Carlos Alcaraz in final at Centre Court

  • Iga Swiatek wins women’s singles at Wimbledon 2025 completing dominant season performance

  • Wimbledon 2025 prize money – Singles winners received £3 million each, total tournament fund £53.5 million

Cricket Updates

  • England defeats India by 22 runs in thrilling third Test at Lord’s taking 2-1 lead in five-match series

  • MI New York clinches Major League Cricket title in dramatic final with Rushil Ugarkar defending crucial final over

  • Cricket returns to LA 2028 Olympics – Event to start July 12, featuring men’s and women’s T20 tournaments with six teams each

Other Sports

  • Ancy Sojan wins bronze in women’s long jump at Lignano Continental Tour event in Italy

  • New Zealand qualifies for men’s under-20 Rugby World Cup final after beating France 34-26 in semi-final

  • England advances to Women’s Euro quarterfinals after crushing Wales 6-1 in dominant display

Indian Sports Achievements

  • Satwik-Chirag duo begins Japan Open campaign aiming for breakthrough title after strong 2024 season

  • India U-20 women’s football team draws 1-1 with Uzbekistan in international friendly match

  • Veteran marathoner Fauja Singh passes away at 114 after traffic accident in Punjab, globally known as ‘The Turbaned Tornado’

IMPORTANT DAYS AND OBSERVANCES

National and International Days

  • World Youth Skills Day – Celebrated globally to highlight importance of skill development for youth employment

  • Social Media Giving Day – Promoting digital philanthropy and online charitable activities

  • National Give Something Away Day – Encouraging acts of generosity and community sharing

  • International Stamp Out Spiking Day – Raising awareness about drink spiking prevention

Religious and Cultural Observances

  • Sawan month continues – Sacred period for Hindu devotees with special prayers and fasting

  • Behdeinkhlam Festival – Traditional celebration in Meghalaya marking cultural heritage

  • Guru Purnima celebrations – Honoring spiritual and academic teachers across India

GOVERNMENT SCHEMES AND INITIATIVES

New Scheme Launches

  • PM E-DRIVE scheme for electric trucks – Ministry of Heavy Industries provides incentives for electric vehicle adoption in commercial transport

  • ‘Ungaludan Stalin’ scheme launched in Kallakurichi district – Tamil Nadu government initiative for local development

  • PM-YUVA 3.0 scheme announced – Mentoring program for young authors with ₹50,000 monthly stipend for six months

Ongoing Initiatives

  • Rozgar Mela continues – Over 51,000 appointment letters distributed to newly recruited government employees across 47 locations

  • Pradhan Mantri Divyasha Kendra – Specialized centers for persons with disabilities announced

  • One District One Product (ODOP) scheme expansion for promoting local crafts and products

Employment Generation

  • National Skill Development Corporation organizing nationwide Rozgar Melas connecting unemployed youth with private sector opportunities

  • Savya Shiksha Abhiyaan – Educational initiative for skill development and employment readiness

  • PM Vishwakarma Scheme – Supporting traditional artisans and craftsmen with training and credit access

AWARDS AND RECOGNITIONS

Recent Honors

  • Sudanese-Scottish Author Leila Aboulela wins PEN Pinter Prize 2025 for literary excellence

  • Indian Women’s Rights Activist Varsha Deshpande honored with 2025 UN Population Award for contributions to women’s empowerment

  • Veteran Actress B. Saroja Devi passes away – Padma Awardee known for contributions to Indian cinema

Scientific Achievements

  • ZSI discovered 4 new species of microscopic parasitic wasps in West Bengal, adding to biodiversity research

  • DRDO and IAF successfully flight-tested ‘Astra BVRAAM’ from Su-30 MKI aircraft in Odisha

  • Chandrayaan-3 completes two years of successful lunar mission operations

ENVIRONMENTAL AND CONSERVATION NEWS

Climate Initiatives

  • India’s renewable energy sources now power half the nation’s grid marking significant progress in clean energy transition

  • ISA to hold 7th Asia-Pacific regional meeting in Colombo to boost solar deployment across member countries

  • Kaziranga records high diversity of grassland birds in recent biodiversity survey

Environmental Challenges

  • Byrnihat on Assam-Meghalaya border reports worst air pollution in India during January-June 2025 period

  • Active monsoon brings widespread rain to north and central India with IMD issuing alerts for heavy rainfall

  • Himachal Pradesh receives orange and yellow alerts for heavy rainfall from July 15-18 across multiple districts

OBITUARIES AND NOTABLE DEATHS

Prominent Personalities

  • Fauja Singh, veteran marathoner dies at 114 – Traffic accident in Punjab claims life of globally known ‘Turbaned Tornado’

  • Former Nigerian President Muhammadu Buhari passes away at 82 – Served as both military head and democratic president

  • Veteran actor Kota Srinivasa Rao dies at 83 – Known for villainous and comedy roles in Telugu cinema

  • B. Saroja Devi, legendary actress passes away at 87 – Padma Awardee known for contributions to Indian cinema

Other Notable Deaths

  • Thierry Ardisson, French television producer dies at 76 – Succumbed to liver cancer

  • Jim Clancy, American baseball player dies at 69 – Played for Toronto Blue Jays, Houston Astros, and Atlanta Braves

  • John MacArthur, American pastor and evangelist dies at 86 – Died from pneumonia complications

COMPETITIVE EXAM FOCUS POINTS

Banking Exam Relevance

  • RBI’s consideration of secured rate as operational benchmark

  • Inflation data showing retail inflation at 6-year low

  • Employment Linked Incentive Scheme with ₹1 lakh crore allocation

  • Banking sector performance and stock market movements

  • Gold price fluctuations and commodity market trends

UPSC and SSC Preparation

  • India-China diplomatic relations and border issues

  • New government schemes and their implementation

  • International trade agreements and tariff policies

  • Supreme Court directions on hate speech and social harmony

  • Environmental conservation and climate change initiatives

General Knowledge Updates

  • World Youth Skills Day significance and theme

  • Recent appointments in government and judiciary

  • Sports achievements and upcoming Olympics preparations

  • Scientific discoveries and space mission updates

  • Cultural festivals and their importance

Note: This comprehensive current affairs update covers all major developments from July 15, 2025, compiled from multiple reliable sources. The information is structured to support preparation for various competitive examinations including banking, civil services, and other government recruitment tests.