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National Affairs RBI Monetary Policy Decision August 2025 Reserve Bank of India’s Monetary Policy Committee kept repo rate unchanged at 5.50% during August 4-6, 2025 meeting RBI maintained neutral policy stance, providing flexibility for future rate decisions based on economic data Central bank revised inflation forecast for FY26 downward to 3.1% from earlier projection of…
DAILY CURRENT AFFAIRS AND GK UPDATE – 07.08.2025 NATIONAL AFFAIRS Prime Minister Modi Inaugurates Kartavya Bhavan-3 in New Delhi PM Narendra Modi inaugurated Kartavya Bhavan-3 at Kartavya Path, New Delhi First among several upcoming Common Central Secretariat buildings Part of Central Vista redevelopment project Aimed at streamlining administrative processes and enabling agile governance Project includes…
National News Highlights Defence and Security Updates DRDO Successfully Tests Pralay Missile Defence Research and Development Organisation conducted two consecutive successful flight tests of Pralay missile on July 28-29, 2025 Tests conducted from Dr APJ Abdul Kalam Island off Odisha coast as part of user evaluation trials Pralay is an indigenously developed solid propellant quasi-ballistic…
Important National News Prime Minister Modi Announces Decision on US Tariffs US President Donald Trump announced 25% tariffs plus penalty on India effective from August 1, 2025 The announcement was made via Truth Social platform Trump stated that while India is a friend, their tariffs are among the highest in the world External Affairs Minister…
International News World Court Climate Change Advisory Opinion The International Court of Justice (ICJ) delivered a landmark advisory opinion on 23.07.2025, declaring climate change an “urgent and existential threat” The court stated that countries failing to protect the planet from climate change could violate international law Judge Yuji Iwasawa emphasized that greenhouse gas emissions are…
Banking and Financial Sector Updates Major Banking Developments State Bank of India Wins Global Recognition: SBI has been adjudged as the World’s Best Consumer Bank for 2025 by Global Finance magazine, recognizing its digital innovation and customer-centric approach HSBC Exits Climate Coalition: HSBC becomes the first UK bank to withdraw from the Net Zero Banking…
NATIONAL NEWS Political and Administrative Updates Karnataka CM Siddaramaiah Denies Leadership Change – Karnataka Chief Minister Siddaramaiah rejected the proposed ’50-50′ formula for power sharing, stating clearly that there is no vacancy for the CM position in the state Vadodara Bridge Collapse Tragedy – The death toll from the Vadodara bridge collapse has risen to…
National News Updates Major Headlines for Competitive Exams Bharat Bandh Disrupts Essential Services – A coalition of 10 central trade unions organized a nationwide strike on July 9, 2025, significantly disrupting banking, postal, transport, and mining sectors across India. Over 25 crore workers participated in the protest against government policies, causing widespread inconvenience to the…
International Affairs Middle East Conflict Escalates United States has joined Israel in striking Iranian nuclear facilities under Operation Midnight Hammer Three major Iranian nuclear sites targeted – Fordow, Natanz, and Isfahan facilities US President Donald Trump confirmed strikes using B-2 stealth bombers carrying 30,000-pound bunker-busting bombs Death toll in Iran crosses 400 with over 3,500…
National News Updates Banking and Financial Sector Bank of India Dividend Record Date: Bank of India has set 20.06.2025 as the record date for its final dividend of ₹4.05 per equity share for FY25, with shareholders needing to hold shares by 19th June to be eligible for the dividend payment RBI Monetary Policy Impact: Following…
