NATIONAL AFFAIRS Banking and Financial Sector Major Financial Changes Effective July 2025 Aadhaar verification becomes mandatory for new PAN card applications starting July 1, 2025 Cash Reserve Ratio (CRR) reduced by 100 basis points to support banking liquidity HDFC Bank implements 1% fee on monthly online gaming spends exceeding Rs 10,000 SBI revises Minimum Amount…
NATIONAL CURRENT AFFAIRS – 06.07.2025 Political and Administrative Updates Parliament Monsoon Session Extended: The Monsoon Session of Parliament has been extended from July 21 to August 21, 2025, instead of the earlier scheduled conclusion on August 12. The session will have a two-day break on August 13-14 for Independence Day preparations. National Sports Policy 2025…
Introduction to Gaganyaan Mission Gaganyaan represents India’s most ambitious space endeavor – the nation’s first human spaceflight program that will make India the fourth country to independently send humans to space. The term “Gaganyaan” derives from Sanskrit words “gagana” meaning celestial and “yana” meaning craft or vehicle, literally translating to “sky craft” or “celestial vehicle.”…
National Affairs Cabinet Approvals and Government Decisions Union Cabinet chaired by Prime Minister Narendra Modi approved several key proposals on 25.06.2025, marking significant policy developments Government approved the establishment of South Asia regional centre of Lima (Peru) based International Potato Centre at Singna, Agra in Uttar Pradesh Cabinet Committee on Economic Affairs (CCEA) approved the…
National News International Yoga Day 2025 The 11th International Day of Yoga is being celebrated today (21.06.2025) with the theme “Yoga for One Earth, One Health,” highlighting the connection between individual well-being and planetary health. Prime Minister Narendra Modi is leading the national event from Visakhapatnam, Andhra Pradesh, with over 3 lakh participants joining him…
National News Updates Economic and Banking Developments RBI Monetary Policy Impact: The Reserve Bank of India’s recent monetary policy decision in June 2025 has significantly impacted the banking sector, with the repo rate being cut by 50 basis points to 5.50 percent, marking a substantial change from the previous accommodative stance to neutral. Digital India…
Major International Events Israel launched airstrikes targeting Iran’s nuclear facilities, including Natanz, resulting in significant casualties and infrastructure damage. The Israeli Prime Minister announced continued operations against Iranian threats. Iran’s leadership warned of strong retaliation, and over 100 drones were launched in response. The United States distanced itself from the Israeli action, labeling it a…
1. By how many basis points did the RBI reduce the repo rate in its June 2025 policy meeting? a) 25 bps b) 40 bps c) 50 bps d) 75 bps Answer: c) 50 bps 2. Which bridge on the Udhampur-Srinagar-Baramulla Rail Link is the world’s highest railway bridge? a) Anji Khad Bridge b) Chenab…
NATIONAL AFFAIRS Infrastructure Development Mumbai-Nagpur Samruddhi Expressway Final Phase Inaugurated Maharashtra CM Devendra Fadnavis inaugurated the final 76-km stretch from Igatpuri to Amane on 05.06.2025 The complete 701-km expressway is now fully operational Travel time reduced from 16-18 hours to just 8 hours between Mumbai and Nagpur Project cost: Rs 55,000 crore Maximum speed limit:…
National Affairs – 24.05.2025 Prime Minister and Government Updates NITI Aayog Governing Council Meeting: Prime Minister Narendra Modi chaired the 10th Governing Council meeting of NITI Aayog in New Delhi, focusing on the strategy for Viksit Bharat 2047 Key Agenda Items: The meeting discussed industrial development, social inclusion, environmental sustainability, and digital governance initiatives State…
