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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS
CoinDCX Launches Bounty Programme to Recover $44 Million in Stolen Crypto Assets
- CoinDCX, India’s cryptocurrency exchange, announced a recovery bounty programme to retrieve $44 million worth of crypto assets stolen on July 19, 2025.
- The bounty pool could be up to $11 million if there is a full recovery of stolen assets.
Key Highlights :
- Up to 25% of recovered funds will be awarded to individuals or teams who help trace, retrieve, identify, and convict those involved in the theft.
- The bounty is open to ethical hackers and white-hat researchers to generate actionable intelligence for recovery and legal resolution.
- The stolen amount was from CoinDCX’s own treasury, and the loss was absorbed by reserves; customer wallets remain uncompromised.
- CoinDCX is redesigning infrastructure to prevent such future attacks.
- CoinDCX founded in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX is a Mumbai-based FIU‑registered crypto firm offering spot, futures, and Web3 services to over 13 million users in India, with quarterly trading volume exceeding ₹1 lakh crore
India’s Per Capita Vegetable Oil Intake Projected to Reach 12.68 kg by 2034
- According to the OECD-FAO Agricultural Outlook 2025–34, India’s per capita consumption of vegetable oils is expected to reach 12.68 kg per person by 2034.
- India is the world’s second-largest consumer and leading importer of vegetable oil.
- The per capita food consumption growth in India is projected at 2.5% per annum.
Key Highlights :
- The increase in consumption will be supported by the crushing of domestically produced oilseeds and government programmes to boost production.
- Imports of palm oil (mainly from Indonesia and Malaysia) are expected to decline to reduce India’s dependence on imports.
- India’s per capita consumption of vegetable oils rose from 8.53 kg (2012–14) to 9.97 kg (2022–24).
- The global per capita consumption of vegetable oils is projected to reach 15.68 kg per person by 2034, up from 15.05 kg (2022–24) and 13.64 kg (2012–14).
- Food and food preparations account for 52% of vegetable oil usage, and biomass-based feedstock accounts for 18%.
- Non-food use of vegetable oils is expected to increase at 0.5% per annum, mainly in lower-middle and low-income countries.
- Oilseed and product prices are expected to increase slightly in nominal terms during 2025–34.
- Soybean production is expected to increase in India, Russia, Ukraine, and Canada during this period.
- Brazil is the largest soybean producer, with production growth expected at 0.8% per annum due to double cropping with maize.
- The US soybean production growth is projected at 0.5% per annum.
- Global soybean production is projected to grow by 1% per annum, lower than the 2% per annum growth over the last decade.
Recent News :
- In July 2025, Total exports (merchandise + services) for June 2025 estimated at US$ 67.98 billion, showing a 6.5% increase over June 2024.
About Organisation for Economic Co-operation and Development (OECD):
- Founded: 30 September 1961
- Headquarters: Paris, France
- Membership: 38 member countries
- Motto: “Better Policies for Better Lives”
Government Began Structural Consolidation of Regional Rural Banks in FY 2005-06 to Enhance Viability and Achieve Economies of Scale
- Government of India initiated structural consolidation of Regional Rural Banks (RRBs) starting from FY 2005-06 to improve operational viability and benefit from economies of scale.
Key Highlights :
- Phase-I amalgamation (2005-2010): Number of RRBs reduced from 196 to 82 by merging RRBs of the same Sponsor Bank within a state.
- Phase-II amalgamation (2012-2014): Number of RRBs reduced from 82 to 56 by merging RRBs across Sponsor Banks within states with geographically contiguous areas.
- Phase-III amalgamation (2019 onwards): Weaker RRBs were merged with stronger ones, reducing RRBs from 56 to 43 by March 2021.
- NABARD study (2021) on amalgamation impact found:
- Improved viability and financial performance of RRBs.
- Increase in share of profitable and viable RRBs.
- Decline in accumulated losses as a percentage of total assets.
- Enhanced leverage ratio and reserves to capital ratio due to improved profitability and capital infusion.
- Phase-IV amalgamation (2025), based on the principle of ‘One State-One RRB’, further reduced the number of RRBs from 43 to 28 across 26 states and 2 Union Territories, effective from May 1, 2025.
- Benefits of amalgamation include:
- Formation of state-level RRBs with contiguous operational areas.
- Simplified management and improved service delivery.
- Increased capital base leading to better financial stability and resilience.
- Cost savings due to elimination of redundant administrative structures.
- Enhanced operational efficiency and customer service by leveraging advanced technology platforms.
- Monitoring and Implementation:
- State Level Monitoring Committee (SLMC) and National Level Project Monitoring Unit (NLPMU) established to oversee the amalgamation.
- NABARD issued the National Level Standard Operating Procedure (SOP) detailing guidelines for smooth integration.
- Formation of Amalgamation Project Management Unit (APMU), Steering Committee, and Functional Committees in RRBs for policy harmonization and operational integration.
- Employee and Customer Protection:
- Government notification ensures protection of remuneration and service conditions for existing RRB employees.
- Inter-se seniority guided by NABARD’s SOP.
- Customer awareness promoted through electronic and print media, SMS, and branch-level awareness meetings.
- RRBs advised to set up call centres for grievance redressal.
- All branches continue to operate under new entities, ensuring uninterrupted banking services.
- Smooth migration of customer accounts, deposits, and loans without disruption.
- Information provided by Union Finance Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha.
Recent News :
- Union Minister for Finance & Corporate AffairsNirmala Sitharaman will lead the Indian delegation at the 58th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) in Milan, Italy, from May 4 to 7, 2025.
About Ministry of Finance:
- Cabinet Minister: Smt. Nirmala Sitharaman
- Minister of State (MoS): Shri Pankaj Chaudhary, Dr. Bhagwat Kishanrao Karad
CURRENT AFFAIRS: NATIONAL AND STATE NEWS
Bima Sakhi Scheme Empowers Over 2 Lakh Rural Women in LIC Network
- Launched on December 9, 2024, the Bima Sakhi Scheme is a Government of India initiative implemented by Life Insurance Corporation (LIC) to promote women’s empowerment and rural insurance outreach by training women as Mahila Career Agents (MCAs).
Key Highlights :
- Empowerment Through Employment: Bima Sakhis are appointed as Mahila Career Agents (MCAs), providing them structured income and a career path in LIC.
- Performance-Based Support:
- Stipend for first three years: ₹7,000/month (1st year), ₹6,000 (2nd), ₹5,000 (3rd).
- Commission-based income in addition to fixed stipend.
- Budget Allocation:
- ₹520 crore allocated for FY 2025–26.
- ₹115.13 crore disbursed by July 14, 2025.
- Enrollment Impact:
- 2,05,896 women enrolled across rural and semi-urban regions.
- Career Growth Opportunity:
- Graduate Bima Sakhis can apply for LIC Apprentice Development Officer (ADO) posts after five years, based on performance and eligibility.
Tamil Nadu to Establish Hornbill Conservation Centre at Anamalai Tiger Reserve
- The Tamil Nadu government has approved a ₹1 crore Centre of Excellence for Hornbill Conservation at the Anamalai Tiger Reserve, targeting protection of the four Western Ghats hornbill species through research, habitat restoration, and community engagement.
Key Highlights :
- Biodiversity Focus: Protects Great Hornbill, Malabar Grey, Malabar Pied, and Indian Grey Hornbill—vital seed dispersers in tropical forests.
- Scientific Monitoring: Uses distance sampling and GPS telemetry to track populations and guide forest restoration.
- Habitat Management:
- Nursery for native trees (e.g., Ficus, Syzygium) to support regeneration.
- Artificial nest boxes installed in degraded areas to boost breeding success.
- Community Engagement:
- Nest Adoption Programme linking local livelihoods with nest protection.
- Citizen Science App (linked to GBIF and eBird) for public monitoring contributions.
- Educational Support: Scholarships for students researching hornbill ecology.
- Collaborations: Partnerships with Nature Conservation Foundation, Salim Ali Centre for Ornithology and Natural History, and the IUCN Hornbill Specialist Group to strengthen scientific output.
RECENT NEWS
- In a key infrastructure move aimed at boosting regional connectivity in Tamil Nadu, the Union Cabinet on July 1, 2025, approved the construction of a four-lane highway between Paramakudi and Ramanathapuram. The project, part of National Highway-87 (NH-87), will be developed under the Hybrid Annuity Mode (HAM) at a capital cost of ₹1,853 crore.
Delhi Launches NeVA Seva Centre, Ushering in Paperless Lawmaking
- The NeVA (National e-Vidhan Application) Seva Centre was inaugurated in Delhi, by Delhi Legislative Assembly Speaker Vijender Gupta, marking the completion of the first phase of NeVA implementation and a shift towards digital, sustainable governance.
Key Highlights :
- Digital Lawmaking Platform: NeVA is a Ministry of Parliamentary Affairs initiative under the “One Nation, One Application” framework to digitize legislative operations across India.
- Objective: To enable paperless proceedings, real-time access to legislative business, and eco-friendly governance, aligned with the Digital India mission.
- Key Features in Delhi Assembly:
- Legislators provided with smartphones preloaded with the NeVA app.
- Access to session details, questions, official documents, and business lists.
- A three-day training program (July 21–23) conducted in six batches.
- The NeVA Seva Centre equipped with 18 high-speed computers for training and operations.
RECENT NEWS
- The Delhi Transport Corporation (DTC) has announced a new ‘Saheli Smart Card’ for women and transgender persons to travel free on Delhi buses. This new system will replace the pink ticket scheme and will only be available to people with a Delhi address and Aadhaar card.
Puducherry Launches One-Time Regularisation Scheme (OTRS) 2025
- The Government of Puducherry has rolled out the One-Time Regularisation Scheme (OTRS) 2025 to legalise unauthorised constructions and plan deviations for buildings erected between May 1, 1987, and July 16, 2025, thereby facilitating access to utilities and simplifying property registration.
Key Highlights :
- Applicability: Covers all constructions in Puducherry from May 1, 1987, to July 16, 2025.
- Digital Application: Mandatory submission via the Online Building Permission System (OBPS) developed by NIC.
- Scheme Fees:
- ₹5,000 for residential buildings; ₹10,000 for non-residential.
- Scrutiny Fee: ₹20/sq.m (residential), ₹50/sq.m (non-residential).
- Regularisation Charges:
- ₹500/sq.m for residential structures
- ₹750/sq.m for mixed-use/special buildings
- ₹1,000/sq.m for multi-storeyed buildings
- Exemptions:
- Government buildings fully exempt.
- Aided schools pay 50% of applicable charges.
- Exclusions: Properties without title deeds, encroachments on government land, and plots reserved for public development projects.
- Objective: To prevent demolition, sealing orders, or utility denial, ensure adherence to planning norms, and introduce process transparency.
CURRENT AFFAIRS: AWARDS AND HONOURS
Meri Panchayat App Wins WSIS Champion Award 2025 for Grassroots Digital Governance
- India’s Meri Panchayat mobile application, developed by the Ministry of Panchayati Raj and NIC, has won the WSIS Prizes 2025 Champion Award in the category of Cultural Diversity and Identity, Linguistic Diversity, and Local Content, showcasing India’s leadership in inclusive, rural-centric digital governance.
Key Highlights :
- Global Recognition: Awarded at the WSIS+20 High-Level Event 2025 in Geneva, hosted by the International Telecommunication Union (ITU), marking 20 years of WSIS.
- Strengthens Rural Governance: Enhances transparency, citizen engagement, and participatory democracy at the Gram Panchayat level.
- Wide Coverage:
- Covers 2.65 lakh Gram Panchayats
- Empowers 25 lakh+ elected representatives
- Serves nearly 950 million rural citizens
- Key Functionalities:
- Real-time access to budgets, payments, and development plans
- Display of public assets, elected members, and civic services
- Access to Gram Panchayat Development Plans (GPDPs)
- Geo-tagged grievance redressal system with geo-fencing
- Citizen-Centric Tools:
- Support for 12 Indian languages
- Tools for social audits, project ratings, and Gram Sabha participation
RECENT NEWS
- In a momentous achievement for rural digital transformation, Rohini Gram Panchayat in Shirpur taluka, Dhule district, Maharashtra, has won the Gold Award in the National e-Governance Awards 2025. Despite being a 100% tribal village, Rohini has emerged as a national model for technology-driven rural governance.
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
Vice President Jagdeep Dhankhar Steps Down Due to Health Reasons
- Vice President Jagdeep Dhankhar resigned from office citing health concerns and need for medical advice.
- Resignation was addressed to President Droupadi Murmu and took effect immediately under Article 67(a) of the Constitution.
- Dhankhar’s tenure was till 2027, but he resigned on the first day of the Monsoon session of Parliament.
- He is the third Vice President of India to resign before completing term, after V V Giri and R Venkataraman, who resigned to contest Presidential elections.
- Jagdeep Dhankhar, aged 74, took office as the 14th Vice President in August 2022.
- He is a senior advocate and former Governor of West Bengal, known for frequent clashes with the Mamata Banerjee-led government.
- The Vice President of India is the second-highest constitutional office after the President of India.
- The Vice President also serves as the Chairman of Rajya Sabha, the upper house of Parliament.
- The Vice President is elected by an electoral college consisting of members of both houses of Parliament.
Eligibility criteria for Vice President :
- Must be a citizen of India
- Minimum age 35 years
- Qualified to be elected as a member of Rajya Sabha
- Must not hold any office of profit under Union or State Government, local authority, or any other public authority.
Deepak Bagla Takes Over as Mission Director of Atal Innovation Mission
- Deepak Bagla has officially assumed charge as the Mission Director of the Atal Innovation Mission (AIM).
- Bagla has an extensive background in banking, investment promotion, policy advisory, and institutional leadership across multilateral institutions, private sector, and government.
- Previously, he was the Managing Director & CEO of Invest India, the national investment promotion and facilitation agency of the Government of India.
- Under his leadership, Invest India received multiple global accolades and became a key institution supporting entrepreneurship, innovation, and startup growth.
- Bagla has served on several high-level government committees and represented India internationally, including as President of the World Association of Investment Promotion Agencies (WAIPA).
- AIM aims to drive inclusive growth, position India at the forefront of global innovation, and fulfill the Prime Minister’s vision of Viksit Bharat.
- The Atal Innovation Mission plays a central role in advancing the Government of India’s mission on innovation and entrepreneurship.
- With a renewed mandate approved by the Union Cabinet, AIM plans to scale its impact through focused, outcome-driven initiatives aligned with national development priorities.
Anup Saha Steps Down as Managing Director of Bajaj Finance
- Bajaj Finance shares slipped by 1% on the BSE following the resignation of its newly appointed Managing Director (MD) Anup Kumar Saha within three months of taking charge.
- The share price hit an intraday low of ₹939.9 per share, despite a positive Sensex
- Anup Saha resigned citing personal reasons, effective from July 21, 2025.
- Reports indicate Saha is among the top candidates proposed by IndusInd Bank to the Reserve Bank of India (RBI) for the role of CEO at IndusInd Bank.
- In response, Bajaj Finance’s Board appointed Rajeev Jain as the new Vice Chairman & Managing Director (VC & MD) until March 31, 2028, adding to his current role as Executive Vice-Chairman.
- Rajeev Jain has over 15 years of experience as CEO of Bajaj Finance and is credited with much of the company’s success.
- Unlike banks, NBFCs (Non-Banking Financial Companies) do not require RBI approval for CEO/MD appointments; it is decided by the Board/Nomination and Remuneration Committee (NRC).
Renault Appoints Stephane Deblaise as New Chief Executive Officer for India
- Renault Group appointed Stephane Deblaise as Chief Executive Officer (CEO) of Renault Group in India, effective September 1, 2025.
- Deblaise will be responsible for defining and executing Renault’s strategy in India, with all Renault Group entities in the country reporting to him.
- He will report directly to Francois Provost, Renault Group’s Chief of Procurement, Partnerships, and Public Affairs Officer.
- Venkatram Mamillapalle, Managing Director of Renault India Private Limited (RIPL), will support Deblaise on corporate affairs to help structure the Group’s mid-term growth strategy in India.
About Stephane Deblaise :
- Stephane Deblaise is 52 years old, a graduate of Telecom Physique Strasbourg and IFP School.
Career highlights include:
- Started at Saft Batteries.
- Joined Renault Group in 2000 as Advanced Process Engineer.
- Held roles such as Chief Vehicle Engineer (Latin America, 2009), Vice President Product Planning (Dongfeng-Renault, China, 2014), Worldwide C&D Segment Program Director (France, 2017), and Vice President Renault Group Vehicles (2021).
- Since 2022, served as CEO of Renault Korea, leading key transformation initiatives:Positioned Renault Korea as a global hub for mid- and large-sized vehicles, Modernized the Busan plant for multi-energy vehicle production.
- His appointment underscores Renault Group’s confidence in his leadership and highlights the strategic importance of India in Renault’s global growth ambitions.
IAS Officer Sanjay Kaul Assumes Role as MD & CEO of GIFT City
- Sanjay Kaul, senior IAS officer of Kerala cadre, took charge as Managing Director (MD) and Group Chief Executive Officer (CEO) of Gujarat International Finance Tec-City (GIFT City) on July 21, 2025.
- GIFT City is India’s first International Financial Services Centre (IFSC) and a flagship Smart City project located in Gandhinagar, Gujarat.
- Sanjay Kaul succeeds Tapan Ray, a retired IAS officer who served as MD and Group CEO since 2019 and was instrumental in steering GIFT City.
About Sanjay Kaul :
- Kaul is a 2001-batch IAS officer and a native of Gujarat with over two decades of experience in public policy, infrastructure development, technology, and finance.
- Prior to this appointment, he was Joint Secretary in the Ministry of Culture, Government of India.
- He held leadership roles in Gujarat such as Managing Director of Gujarat Informatics Limited and the Tourism Corporation of Gujarat Limited.
- Under Tapan Ray’s tenure, GIFT City Company Ltd. became a fully Gujarat government-owned entity after IL&FS sold its 50% stake.
- Gujarat Urban Development Company Ltd (GUDCL), Gujarat Industrial Development Corporation (GIDC), and Gujarat Maritime Board (GMB) hold stakes in GIFT City.
- Tapan Ray has been dealing with health-related issues in recent months.
Ashim Kumar Ghosh Takes Oath as Governor of Haryana
- Ashim Kumar Ghosh, noted academician and political leader, was sworn in as the 19th Governor of Haryana on July 21, 2025.
- The oath of office was administered by Chief Justice Sheel Nagu of Punjab and Haryana High Court at the Haryana Raj Bhavan.
- Ashim Kumar Ghosh is 81 years old and succeeded Bandaru Dattatraya as Governor.
- He served as Head of the Department of Political Science at a reputed college in Kolkata, West Bengal for nearly four decades.
- Ghosh contributed to academic research and political discourse, working on projects under the University Grants Commission (UGC) and Indian Council of Social Science Research (ICSSR).
- He has authored several articles in prominent publications.
- The ceremony was attended by Punjab Governor Gulab Chand Kataria and Haryana Chief Minister Nayab Singh Saini.
CURRENT AFFAIRS : DEFENCE NEWS
Indian Navy Launches Final Anti-Submarine Warfare Shallow Water Craft ‘Yard 3034 Ajay’ Built by Garden Reach Shipbuilders and Engineers
- The Indian Navy launched its eighth and final Anti-Submarine Warfare Shallow Water Craft (ASW SWC) named Yard 3034 Ajay, developed by Garden Reach Shipbuilders and Engineers (GRSE).
- The vessel enhances the Navy’s capabilities in undersea surveillance, anti-submarine warfare, and mine-laying operations.
- Equipped with advanced technology including hull-mounted sonar, low-frequency variable depth sonar (LFVDS), cutting-edge torpedoes, NSG-30 guns, and 12.7 mm SRCG.
- Powered by diesel engines and uses waterjet propulsion for movement.
- Over 80% indigenous components, showcasing India’s ‘Aatmanirbhar Bharat’ initiative in shipbuilding.
- The launch ceremony was attended by Vice-Admiral Kiran Deshmukh (Chief of Materiel, COM) and other dignitaries; his wife Priya Deshmukh performed the ship’s launch.
- The original INS Ajay, inducted in 1961 as India’s first locally built warship by GRSE, laid the foundation for India’s self-reliant shipbuilding program.
- The first ship in this ASW SWC series, INS Arnala, was inducted on June 18, 2025.
- The second ship, Androth, has successfully completed trials and is ready for handover.
Recent News :
- In May 2025, The Indian Navy formally inducted the Ancient Stitched Ship as INSV Kaundinya at a ceremony held at Naval Base, Karwar.
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
Ministry of Skill Development and Entrepreneurship Launches Skill India Assistant (SIA) to Enhance Access to Skilling and Employment Services Across India
- The Ministry of Skill Development and Entrepreneurship (MSDE) launched the Skill India Assistant (SIA) — an AI-powered chatbot to improve access to skilling and employment-related services
- SIA was developed by META and National Skill Development Corporation (NSDC) under MSDE’s guidance.
- It uses conversational AI to provide personalized support via WhatsApp, promoting digital inclusion in the skilling ecosystem.
Key Features of Skill India Assistant (SIA):
(i) Access Point: Available on the Skill India Digital Hub (SIDH) platform and WhatsApp.
(ii) AI Foundation: Built on Meta’s open-source LLaMA (Large Language Model).
(iii) Core Capabilities: Offers tailored course recommendations, training centre locator, job listings aligned with skills, interactive quizzes, and on-demand doubt clearing.
(iv) Multi-lingual Support: Supports text and voice in English, Hindi, and Hinglish.
(v) 24/7 Availability: Operates round the clock for continuous support.
(vi) Inclusive and Scalable Design: First large-scale deployment of open-source AI in a national public skilling mission.
(vii) Extended Outreach: Uses WhatsApp to reach users in rural and underserved areas with limited internet or devices.
Accessibility Features:
(i) Multilingual and Multimodal Interface: Supports voice and text interaction for users with limited literacy or digital skills.
(ii) Low-bandwidth Compatibility: Accessible on basic smartphones without needing high-speed internet.
About Ministry of Skill Development and Entrepreneurship :
- Minister of State (Independent Charge) : Sh. Jayant Chaudhary
TVS Electronics unveils ‘TVSE Aikya’ AI-powered platform for Infrastructure Managed Services
- TVS Electronics (TVSE) has launched ‘TVSE Aikya’, a comprehensive AI-OPS Infrastructure Managed Services (IMS) platform.
- The platform helps enterprises modernise, secure, and scale their IT infrastructure.
- IMS platform offers services including workplace services, hybrid cloud management, managed network services, and cybersecurity capabilities.
- TVSE’s clients will “get what they see” regarding service features and delivery.
- Initially, TVSE provided IT-IMS for its parent company, which later expanded to 12+ mid-to-large enterprises in an on-site model.
- For the new platform, TVSE already has 3 customers
- TVSE is investing in quality talent and plans to hire selectively for platform growth.
- The platform targets industries such as retail & hospitality, manufacturing, and BFSI (Banking, Financial Services, and Insurance).
- Customer feedback has been encouraging, and TVSE aims to double revenue in this segment.
- An IMS Capability Centre in Chennai will act as the operational hub for TVSE Aikya.
- Key features include intelligent monitoring, event management, Gen AI-enabled bots, omnichannel user support, AI-enabled orchestrator, and reusable workflows.
- TVSE collaborates with leading original design manufacturers from Italy, China, Taiwan, Korea, and Japan to strengthen its solutions portfolio.
ISRO to launch NASA-ISRO Synthetic Aperture Radar (NISAR) satellite on July 30, 2025, from Sriharikota
- NASA-ISRO Synthetic Aperture Radar (NISAR) satellite will be launched by ISRO’s GSLV-F16 on July 30, 2025, from Satish Dhawan Space Centre (SDSC SHAR), Sriharikota.
- The GSLV-F16 will place NISAR into a 743 km Sun-synchronous orbit with an inclination of 98.4 degrees.
- NISAR will scan the Earth every 12 days, providing high-resolution, all-weather, day-and-night data.
- The satellite will observe Earth with a swathe width of 242 km and high spatial resolution using SweepSAR technology for the first time.
- NISAR weighs 2,392 kg and is the first Earth observation satellite to use dual frequency Synthetic Aperture Radar — NASA’s L-band and ISRO’s S-band — both operating with NASA’s 12m unfurlable mesh reflector antenna integrated with ISRO’s modified I3K satellite bus.
- The satellite can detect small changes in the Earth’s surface, including ground deformation, ice sheet movement, and vegetation dynamics.
- The mission has been in development for over a decade and is a major collaboration between NASA and ISRO.
Recent News :
- In May 2025, The Indian Space Research Organisation (ISRO)attempted to launch the earth observation satellite EOS-09 on PSLV-C61 from Satish Dhawan Space Centre, Sriharikota.
About ISRO:
- Established: 1969
- Headquarters: New Delhi, India
- Chairman: V. Narayanan
About NASA:
- Established: 1958
- Headquarters: Washington, D.C., USA
CURRENT AFFAIRS: SPORTS NEWS
India to Host FIDE World Cup 2025, Reinforcing Its Chess Leadership
- India has been selected to host the FIDE World Cup 2025, scheduled from October 30 to November 27, 2025, marking a major milestone in the country’s journey as a global chess powerhouse.
Key Highlights :
- Prestigious International Event: The FIDE World Cup is a biennial knockout-format chess tournament that plays a critical role in the FIDE World Championship qualification cycle.
- Large-Scale Participation: A total of 206 players will compete, with the top 50 seeded directly into Round 2, ensuring a high level of competition.
- Match Format: Each round spans three days—two days for classical games and one for tie-breaks, following the single-elimination format adopted since 2021.
Diverse Qualification Routes:
- Reigning World and Women’s Champions
- Top performers from the 2023 World Cup
- Continental quotas: Africa (3), Americas (12), Asia (35), Europe (30)
- Top 13 players in June 2025 FIDE ratings
- Nominations from top 100 nations at the 2024 Olympiad
- FIDE President and Organizer nominees
Promotes Inclusivity and Global Representation through multiple entry pathways.
- India’s Chess Influence: India’s bid reflects its growing dominance, inspired by Grandmaster Viswanathan Anand and the rise of young talents like Gukesh D, Praggnanandhaa R, and Arjun Erigaisi.
Major Achievements:
- Gold medals in both Open and Women’s categories at the 2024 Chess Olympiad
- Success at FIDE Rapid and Blitz Championships
- Previous hosting of FIDE Olympiad 2022 and Tata Steel Chess India
About FIDE
- The International Chess Federation or World Chess Federation, commonly referred to by its French acronym FIDE, is an international organization based in Switzerland that connects the various national chess federations and acts as the governing body of international chess competition.
- Headquarters: Lausanne, Switzerland
- Founded: 20 July 1924, Paris, France
- President: Arkady Dvorkovich
- Membership: 203 national associations
CURRENT AFFAIRS : OBITUARIES
Veteran Communist Leader and Ex-Kerala Chief Minister V.S. Achuthanandan passed away in Thiruvananthapuram
- Veteran Communist leader and former Kerala Chief Minister V.S. Achuthanandan passed away at the age of 101 in Thiruvananthapuram after a prolonged illness following cardiac arrest.
- Achuthanandan was a towering figure in Kerala’s political landscape.
- He served as Leader of the Opposition from 2001 to 2006, strongly opposing the A.K. Antony-led UDF government.
- Led the CPI(M)-led Left Democratic Front (LDF) to victory in the 2006 Assembly elections.
- Served as Chief Minister of Kerala from 2006 to 2011.
- His passing marks the end of an era in Kerala politics characterized by fierce ideological battles, grassroots activism, and unwavering commitment to public life.
Austrian Daredevil Felix Baumgartner passed away at 56 in Paragliding Accident in Italy
- Felix Baumgartner, a noted Austrian base jumper and skydiver, passed away at the age of 56 in a paragliding accident in Italy.
- He was best known for his record-breaking 2012 jump from approximately 24 miles (39 km) above Earth.
- The jump was conducted using a pressurised capsule for the ascent.
- The event set a world record for the highest freefall and also for the fastest descent without mechanical propulsion.
- The jump was backed by Red Bull and live-streamed to millions globally.
- He earned three Guinness World Records, including:
- Highest freefall
- Manned balloon flight
- Fastest descent without propulsion
CURRENT AFFAIRS: IMPORTANT DAYS
National Broadcasting Day 2025: July 23
- Every year National Broadcasting Day is celebrated in India on July 23rd to commemorate the first-ever radio broadcast that took place in the country on this day in 1927.
- National Broadcasting Day 2025 marks the establishment of the first-ever radio broadcast “All India Radio (AIR)” in India.
History
- The Indian Broadcasting Company (IBC) was established in 1927 after the success of BIBC.
- IBC had to shut down in 1930 due to financial problems.
- The Government of India took over the broadcasting service and created the Indian State Broadcasting Service (ISBS) in 1930.
- The broadcasting industry in India has grown significantly over the years, with numerous private and public broadcasters offering radio, television, and online streaming services.
- National Broadcasting Day 2025 serves as a reminder of the important role that broadcasting has played in shaping India’s history and identity.
- It is a day to celebrate the victory of the broadcasting industry and recognize the contributions of individuals who have contributed to its growth and success over the years.
Daily CA One- Liner: July 23
- Launched on December 9, 2024, the Bima Sakhi Scheme is a Government of India initiative implemented by Life Insurance Corporation (LIC) to promote women’s empowerment and rural insurance outreach by training women as Mahila Career Agents
- The Tamil Nadu government has approved a ₹1 crore Centre of Excellence for Hornbill Conservation at the Anamalai Tiger Reserve, targeting protection of the four Western Ghats hornbill species through research, habitat restoration, and community engagement
- The NeVA (National e-Vidhan Application) Seva Centre was inaugurated in Delhi, by Delhi Legislative Assembly Speaker Vijender Gupta, marking the completion of the first phase of NeVA implementation and a shift towards digital, sustainable governance
- The Government of Puducherry has rolled out the One-Time Regularisation Scheme (OTRS) 2025 to legalise unauthorised constructions and plan deviations for buildings erected between May 1, 1987, and July 16, 2025, thereby facilitating access to utilities and simplifying property registration
- India’s Meri Panchayat mobile application, developed by the Ministry of Panchayati Raj and NIC, has won the WSIS Prizes 2025 Champion Award in the category of Cultural Diversity and Identity, Linguistic Diversity, and Local Content, showcasing India’s leadership in inclusive, rural-centric digital governance
- India has been selected to host the FIDE World Cup 2025, scheduled from October 30 to November 27, 2025, marking a major milestone in the country’s journey as a global chess powerhouse
- Every year National Broadcasting Day is celebrated in India on July 23rd to commemorate the first-ever radio broadcast that took place in the country on this day in 1927.
- CoinDCX, India’s cryptocurrency exchange, announced a recovery bounty programme to retrieve $44 million worth of crypto assets stolen on July 19, 2025.
- According to the OECD-FAO Agricultural Outlook 2025–34, India’s per capita consumption of vegetable oils is expected to reach 12.68 kg per person by 2034.
- Government of India initiated structural consolidation of Regional Rural Banks (RRBs) starting from FY 2005-06 to improve operational viability and benefit from economies of scale.
- Vice President Jagdeep Dhankhar resigned from office citing health concerns and need for medical advice.
- Deepak Bagla has officially assumed charge as the Mission Director of the Atal Innovation Mission (AIM).
- Bajaj Finance shares slipped by 1% on the BSE following the resignation of its newly appointed Managing Director (MD) Anup Kumar Saha within three months of taking charge.
- Renault Group appointed Stephane Deblaise as Chief Executive Officer (CEO) of Renault Group in India, effective September 1, 2025.
- Sanjay Kaul, senior IAS officer of Kerala cadre, took charge as Managing Director (MD) and Group Chief Executive Officer (CEO) of Gujarat International Finance Tec-City (GIFT City) on July 21, 2025.
- Ashim Kumar Ghosh, noted academician and political leader, was sworn in as the 19th Governor of Haryana on July 21, 2025.
- The Indian Navy launched its eighth and final Anti-Submarine Warfare Shallow Water Craft (ASW SWC) named Yard 3034 Ajay, developed by Garden Reach Shipbuilders and Engineers (GRSE).
- The Ministry of Skill Development and Entrepreneurship (MSDE) launched the Skill India Assistant (SIA) — an AI-powered chatbot to improve access to skilling and employment-related services
- TVS Electronics (TVSE) has launched ‘TVSE Aikya’, a comprehensive AI-OPS Infrastructure Managed Services (IMS) platform.
- NASA-ISRO Synthetic Aperture Radar (NISAR) satellite will be launched by ISRO’s GSLV-F16 on July 30, 2025, from Satish Dhawan Space Centre (SDSC SHAR), Sriharikota.
- Veteran Communist leader and former Kerala Chief Minister V.S. Achuthanandan passed away at the age of 101 in Thiruvananthapuram after a prolonged illness following cardiac arrest.
- Felix Baumgartner, a noted Austrian base jumper and skydiver, passed away at the age of 56 in a paragliding accident in Italy.
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