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CURRENT AFFAIRS : BANKING & FINANCE
Reserve Bank of India’s Financial Inclusion Index Reaches 67 in March 2025, Indicating Growth
- The Reserve Bank of India’s (RBI) Financial Inclusion Index increased to 67 in FY25 (March 2025) from 64.2 in FY24.
- The growth was observed across all sub-indices — Access, Usage, and Quality.
- The improvement is mainly contributed by the Usage and Quality dimensions, showing deepening of financial inclusion and effective financial literacy initiatives.
- The index reflects a shift from mere access to real usage and trust in financial services, indicating success in bringing underserved communities into the formal financial system.
- The Financial Inclusion Index (FI-Index) was first published in August 2021 for FY21.
- The FI-Index is a comprehensive index covering banking, investments, insurance, postal, and pension sectors, developed with inputs from the government and sectoral regulators.
- The index ranges from 0 to 100, where 0 means complete financial exclusion and 100 means full financial inclusion.
- The FI-Index has three parameters with weightage:
- Access (35%)
- Usage (45%)
- Quality (20%)
- Major government initiatives like Jan Dhan Yojana have played a crucial role in expanding financial inclusion.
- Under Jan Dhan Yojana, a total of 558.3 million accounts were opened:
- 372.6 million in rural and semi-urban areas
- 185.7 million in metro centres
- 311.3 million accounts are in the name of female beneficiaries.
About RBI:
- Established : 1 April 1935
- Headquarters : Mumbai, Maharashtra, India
- Governor : Sanjay Malhotra
CURRENT AFFAIRS : INTERNATIONAL NEWS
United States Announces Withdrawal from UNESCO Again Over National Interest Concerns and Alleged Anti-Israel Bias
- The United States (US) has announced its decision to withdraw from UNESCO (United Nations Educational, Scientific and Cultural Organization) again, citing misalignment with national interests and alleged anti-Israel rhetoric.
- The withdrawal comes two years after rejoining in 2023 under President Joe Biden, following an earlier exit in 2018 during Donald Trump’s presidency.
Key Highlights :
- According to State Department spokesperson Tammy Bruce, the decision is due to UNESCO’s push to “advance divisive social and cultural agendas.”
- A major concern for the U.S. was UNESCO’s recognition of the “State of Palestine” as a member, which it views as contrary to U.S. foreign policy and as promoting anti-Israel narratives.
- This will be the third U.S. withdrawal from UNESCO, and the second during Donald Trump’s leadership. The exit will be implemented by December 2026.
- UNESCO Director-General Audrey Azoulay expressed regret over the decision and rejected accusations of anti-Israel bias, citing UNESCO’s work on Holocaust education and combating anti-Semitism.
- The U.S. withdrawal may significantly affect UNESCO financially, as the U.S. has been a major contributor, but UNESCO has stated it is prepared for the consequences.
CURRENT AFFAIRS: NATIONAL AND STATE NEWS
India to Overtake China as World’s Top Cotton Producer by 2034: OECD-FAO Outlook
- According to the OECD-FAO Agricultural Outlook 2025–2034, India’s cotton production is set to surpass China’s by 2034, driven by significant productivity improvements rather than expansion of cultivated area.
Key Highlights :
- Annual Growth Rate: India’s cotton output is projected to grow at around 2 % per year through 2034, outpacing the global average of 1.3 %.
- Global Production Milestone: Total world cotton production is expected to reach 29.5 million tonnes by 2034.
- Current Season Baseline: The 2024–25 season cotton output is estimated at 25.68 million tonnes (International Cotton Advisory Committee).
- Major Contributor: India will account for 30 % of the global increase in cotton production over the next decade, with Brazil (27 %) and the United States (23 %) following.
About OECD-FAO Agricultural Outlook
- The OECD-FAO Agricultural Outlook is an annual publication providing a 10-year projection of agricultural commodity and fish markets. It’s a collaborative effort between the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations.
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
Gita Gopinath to Exit International Monetary Fund in August, Returning to Harvard
- Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), will step down by the end of August 2025 to return to Harvard University as a Professor of Economics.
- She joined the IMF in 2019 as its first female Chief Economist, and was promoted to First Deputy Managing Director in January 2022.
- IMF Managing Director Kristalina Georgieva will announce her successor in due course.
- Gopinath was born on December 8, 1971, in Kolkata, India, into a Malayali Hindu Nair family from Kannur, Kerala.
- Gopinath is an Indian-born U.S. citizen.
- She was appointed to the World Bank-IMF High-Level Advisory Group on Sustainable and Inclusive Recovery in June 2021.
- Gopinath left Harvard to join the IMF and is now returning to the university.
- In July 2016, she served as an Economic Adviser to Kerala Chief Minister Pinarayi Vijayan in an honorary capacity.
IKEA India names Patrik Antoni as new CEO following Susanne Pulverer’s resignation
- IKEA India appointed Patrik Antoni as the new Chief Executive Officer (CEO), effective August 2025.
- Antoni will oversee retail operations in India and coordinate with Ingka Group companies on common subjects.
- He succeeds Susanne Pulverer, who resigned after 28 years with IKEA.
- IKEA India currently operates three large-format stores (Hyderabad, Navi Mumbai, Bengaluru) and one city store in Worli, Mumbai.
- IKEA offers free delivery in multiple states including Maharashtra, Andhra Pradesh, Telangana, Gujarat, Karnataka, Delhi-NCR, and several cities like Agra, Jaipur, Lucknow, and Varanasi.
- Patrik Antoni holds a Bachelor’s degree in International Business from Stockholm University.
- Antoni has over 10 years of experience with IKEA globally.
- Previous roles include Expansion Manager at IKEA Russia, Marketing Manager at IKEA Portugal, and Country Communications Manager at IKEA India.
Ashok Chaudhary appointed as Chairman of Gujarat Cooperative Milk Marketing Federation
- Ashok Chaudhary has been elected as the new Chairman of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which owns the Amul
- Gordhan Dhameliya has been elected as the new Vice-Chairman of GCMMF.
- Ashok Chaudhary is also the Chairman of Mehsana District Cooperative Milk Producers’ Union Ltd (Dudhsagar Dairy).
- Gordhan Dhameliya is the Chairman of Rajkot District Cooperative Milk Producers’ Union Ltd.
- Ashok Chaudhary replaces Shamal Patel, and Dhameliya replaces Valamji Humbal.
- The election was held in Anand, Gujarat, and attended by heads of 18 district cooperative milk unions.
- Both positions were filled unanimously for a term of 2.5 years.
About GCMMF :
- GCMMF was founded in 1973 by Verghese Kurien, the father of India’s White Revolution.
- GCMMF is India’s largest dairy cooperative, with a turnover of ₹90,000 crore.
- GCMMF collects over 300 lakh litres of milk daily.
Axis Bank appoints Neeraj Gambhir as Executive Director; Arjun Chowdhry resigns from senior management post
- Axis Bank announced two senior management changes:
- Neeraj Gambhir was promoted as Executive Director (ED) for a 3-year term.
- Arjun Chowdhry, Group Executive – Affluent Banking, Cards, resigned to pursue an entrepreneurial path.
- Gambhir’s appointment will be effective from August 4, 2025, or upon RBI approval, whichever is later.
- He will be subject to retirement by rotation after his term.
- Neeraj Gambhir has been serving as Group Executive – Treasury, Markets, and Wholesale Banking since May 2020.
- Arjun Chowdhry’s last working day will be August 31, 2025.
- Chowdhry joined Axis Bank after it acquired Citibank India’s consumer business on March 1, 2023.
- He previously served as Head of Consumer Business at Citibank India and led the successful integration of Citibank’s consumer operations with Axis Bank.
- Axis Bank reported a 4% year-on-year decline in net profit for the quarter ending June 2025, totaling ₹5,806 crore.
- The decline was due to increased slippages and higher provisioning.
CURRENT AFFAIRS: MOUS AND AGREEMENT
National Education Society for Tribal Students and Avanti Fellows Sign MoU to Boost IIT-JEE & NEET Coaching for Tribal Students
- The National Education Society for Tribal Students (NESTS) has entered a five-year MoU with Avanti Fellows to provide focused coaching for IIT-JEE and NEET exam preparation to tribal youth, aiming to enhance inclusive education and competitive exam participation.
Key Highlights :
- Target Group: Coaching will be offered to students of Eklavya Model Residential Schools (EMRSs), starting with an 80-student batch at the Center of Excellence (CoE) in EMRS Bhopal, Madhya Pradesh.
- Selection Process: Students will be chosen through a structured entrance examination to ensure merit-based participation.
- Expansion Plans: Additional CoE centres are planned across other regions and states to broaden reach.
- Objective: To bridge the educational gap for tribal students and empower them to confidently prepare for national-level competitive exams like JEE Main/Advanced and NEET.
- Institutional Roles:
- NESTS: Autonomous body under the Ministry of Tribal Affairs, managing education through EMRSs nationwide.
- Avanti Fellows: A public charitable trust dedicated to coaching underserved students, headquartered in New Delhi.
Ministry of Tribal Affairs Hosts Delhi “Adi Shapath” Session to Strengthen Tribal Welfare Partnerships
- The Ministry of Tribal Affairs (MoTA) convened the Delhi Chapter of Adi Shapath, at the Ambedkar International Centre, bringing together over 20 partners—including PSUs, private firms, donor agencies, and foundations—to drive Janbhagidari and boost investment in tribal regions.
Key Highlights :
- Stakeholder Engagement: Interactive half-day session with CSR donors, volunteer organizations, and bilateral & multilateral agencies to align their commitments with tribal aspirations.
- Showcase of Ongoing Projects: Partners presented current initiatives in tribal areas, emphasizing the importance of a collaborative approach for sustainable impact.
- Call for National Platform: Consensus on creating a centralized forum to display projects and organize new opportunities for stakeholders at scale.
- Priority Sectors Identified: Health, education, livelihood, and cultural preservation highlighted as key areas for expanded collaboration.
- Leadership Presence: Session chaired by Shri T. Roumuan Paite (Joint Secretary, MoTA & CMD, NSTFDC) and Shri Anant Prakash Pandey (Joint Secretary, MoTA), with senior ministry officials in attendance.
- Diverse Participation: Representatives from Oil India, HUDCO, GAIL, Tata Trust, Gates Foundation, American India Foundation, HCL Technology, Bharti Airtel, and others committed to scaling up tribal welfare programs.
RECENT NEWS
- In a major push towards improving tribal development outcomes, the Union Ministry of Tribal Affairs has launched the “Adi Karmyogi” programme, a nationwide initiative aimed at strengthening the execution of tribal welfare schemes by motivating and training field-level officials
Film and Television Institute of India and Maharashtra Government Join Hands to Boost Film & Media Skill Development
- The Film and Television Institute of India (FTII), Pune, and the Maharashtra Film, Stage & Cultural Development Corporation Limited (MFSCDCL), Mumbai signed a Memorandum of Understanding (MoU) to enhance skill development in film, media, and entertainment sectors across Maharashtra, marking a strategic step toward nurturing India’s creative economy.
Key Highlights :
- MoU Signing: The agreement was exchanged between Smt. Swati Mhase-Patil (MFSCDCL) and Shri Dhiraj Singh (FTII), in the presence of key dignitaries including Maharashtra CM Devendra Fadnavis, Minister Adv. Ashish Shelar, and FTII Chairman R. Madhavan.
- Objective: To promote short-term courses in filmmaking, television production, and technical fields using FTII’s academic expertise and MFSCDCL’s infrastructure.
- Inclusive Skill Development:
- Courses to be conducted at MFSCDCL centres in Goregaon, Kolhapur, Prabhadevi, and Karjat.
- Aimed at empowering students from rural areas with formal training and certified career pathways.
RECENT NEWS
- Maharashtra Chief Minister Devendra Fadnavis is set to inaugurate a transformative phase for Vidarbha by laying the foundation for Llyods Metals & Energy Limited’s (LMEL) first integrated steel plant in the region’s Gadchiroli district.
India-UK Free Trade Agreement to Be Signed on July 24, 2025
- Commerce and Industry Minister Piyush Goyal will accompany Prime Minister Narendra Modi to London for the signing of the landmark India-UK Free Trade Agreement (FTA) on July 24, 2025.
- This follows the conclusion of negotiations on May 6, 2025, after nearly three years of discussions between the two countries.
- The FTA aims to significantly boost bilateral trade and economic ties between India and the UK, the world’s fifth and sixth-largest economies.
Key Highlights :
- Trade Liberalization: The pact eliminates tariffs on 99% of Indian goods entering the UK market, covering products like leather, footwear, clothing, frozen prawns, jewellery, gems, minerals, chemicals, textiles, machinery, and processed food. This is expected to enhance Indian exports substantially.
- Tariff Reductions on Imports: UK exports such as whisky and gin will see tariffs halved to 75% initially, further reduced to 40% by the tenth year. Tariffs on automobiles will be cut from over 100% to 10%, benefiting companies like Tata-JLR.
- Labour and Professional Mobility: The agreement facilitates easier travel and work opportunities for Indian workers and professionals in the UK without altering the UK’s point-based immigration system. It covers contractual service suppliers, investors, business visitors, and independent professionals like yoga instructors, musicians, and chefs.
- Services Sector Gains: India is set to benefit in sectors including IT/ITeS, finance, professional, and educational services, with significant commitments on digitally delivered services such as architecture, engineering, computer, and telecommunication services.
- Social Security Pact: Alongside the FTA, the two countries concluded negotiations on a Double Contribution Convention Agreement to prevent Indian professionals from paying social security contributions twice when working temporarily in the UK.
- Pending Agreements: Talks on the Bilateral Investment Treaty (BIT) are ongoing and were initially planned to conclude simultaneously with the FTA and social security pact.
- Trade Statistics and Goals: Bilateral trade increased from USD 20.36 billion in 2022-23 to USD 21.34 billion in 2023-24. Indian exports to the UK rose by 12.6% to USD 14.5 billion in 2024-25, with imports growing by 2.3% to USD 8.6 billion. The pact aims to double bilateral trade to USD 120 billion by 2030.
- Implementation Process: After signing, the agreement requires approval from the British Parliament and India’s Cabinet before becoming effective, expected to take about a year post-signing.
RECENT NEWS
- Renowned filmmaker Zoya Akhtar and British Indian chef Asma Khan were honored at the annual ‘India-UK Achievers’ awards in London. The event celebrated Akhtar’s acclaimed work in cinema and Khan’s contributions to culinary arts.
CURRENT AFFAIRS : DEFENCE NEWS
Indian Navy to Organise Shipbuilding Seminar on “Nation Building Through Shipbuilding”
- The Warship Design Bureau (WDB), under Naval Headquarters, New Delhi, is hosting a one-day Shipbuilding Seminar titled “Nation Building Through Shipbuilding” on 23 July 2025 at the Manekshaw Centre, New Delhi.
- WDB began as the Central Design Office in 1964, became the Directorate of Naval Design in 1970, and has over six decades of experience in warship design.
- WDB has contributed to the design and construction of 20 types of warships, from Seaward Defence Boats to Aircraft Carriers.
- The recent delivery of Y12652 (Udaygiri) on 1 July 2025 marked the 100th indigenously designed warship delivered by WDB and the Indian Navy — a historic milestone.
- The seminar aims to bring together key stakeholders from the Government of India, Indian Navy, shipyards, industry, classification societies, and academia.
- Discussions will focus on policy aspects, futuristic technologies, and challenges faced by Indian shipyards in meeting global standards.
- Shipbuilding is crucial for national defence and security, serving as a foundation for strategic military capabilities and economic stability.
- A strong shipbuilding sector promotes technological innovation, strengthens national industries, and creates jobs.
- Positive outcomes of the shipbuilding program include self-reliance (Atmanirbhar Bharat), economic development, employment generation, and growth of MSMEs and ancillary industries.
- The seminar emphasizes the role of shipbuilding in long-term national prosperity and growth.
Keel Laid for First Next-Gen Offshore Patrol Vessel of Indian Coast Guard at Mazagon Dock, Mumbai
- The keel-laying ceremony of Yard 16401, the first of six Next Generation Offshore Patrol Vessels (NGOPVs) for the Indian Coast Guard (ICG), was held at Mazagon Dock Shipbuilders Ltd (MDL), Mumbai on July 22, 2025.
- The vessel is 117 meters long, with a range of 5,000 nautical miles, crew capacity of 11 officers and 110 personnel, and a top speed of 23 knots.
- NGOPVs will feature advanced technologies including AI-based predictive maintenance, Remote Piloted Drones, Integrated Bridge System (IBS), and Integrated Platform Management System (IPMS).
- The ceremony was presided over by Deputy Inspector General RH Nandodkar, Chief Staff Officer (Tech), ICG Regional Headquarters (North West), along with Executive Director (Ship Building), MDL, A Vinod, and senior officials from ICG and MDL.
- The NGOPVs are being constructed under a contract signed on December 20, 2023 and are fully indigenous under the Buy (Indian-IDDM)
- This aligns with the Government’s vision of Aatmanirbhar Bharat promoting self-reliance in defense manufacturing.
About Ministry of Defence:
- Cabinet Minister: Rajnath Singh
- Minister of State (MoS): Sanjay Seth
Indian Army Receives First Batch of Apache Helicopters from the United States
- The Indian Army received the first batch of Apache AH-64E attack helicopters from the United States on July 22, 2025, at Hindon Airbase.
- This batch includes three advanced combat helicopters, part of a $600 million deal signed in 2020 for six Apache helicopters.
- The helicopters will be deployed in Jodhpur with the Army Aviation Corps.
- Prior to deployment, the helicopters will undergo a Joint Receipt Inspection.
- The Apache helicopters will enhance operational effectiveness, especially along the Western Border and in challenging terrains.
- Defence Minister Rajnath Singh called it a milestone moment and reaffirmed commitment to modernising the Armed Forces.
- The delivery came after a 15-month delay from the original schedule of May 2024, due to supply chain disruptions.
- The next batch of three helicopters is expected by November 2025.
- The delivery follows a phone call between Defence Minister Rajnath Singh and U.S. Defence Secretary Pete Hegseth, discussing ongoing and future defence cooperation.
Recent News :
- In July 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).
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
Google and OpenAI’s AI systems clinch historic gold at international mathematics contest
- Alphabet’s Google and OpenAI AI models won gold medals at the International Mathematical Olympiad (IMO), marking a significant breakthrough in AI math capabilities.
- This is the first time AI systems crossed the gold-medal scoring threshold at the IMO, a prestigious global competition for high-school students.
- Both AI models solved 5 out of 6 problems using general-purpose reasoning models that interpret mathematical concepts in natural language, unlike previous AI approaches.
Key Highlights :
- OpenAI’s model used a new experimental approach involving massively scaling up test-time compute, allowing the AI to think longer and use parallel processing to explore multiple lines of reasoning simultaneously.
- OpenAI described this as a very expensive computational process.
- Google’s model, called Gemini Deep Think, operated entirely in natural language and solved problems within the official 4.5-hour time limit.
- Unlike past attempts that used formal languages and lengthy computation, this year’s AI operated naturally, similar to human problem-solving.
- The 66th IMO had 630 students, with about 11% achieving gold medals.
- This year, the IMO officially coordinated with AI developers for the first time to test model capabilities.
- Results from AI models were certified by IMO judges, and companies were allowed to publish results post-competition.
- The breakthrough signals AI’s growing ability to tackle complex reasoning tasks beyond math, potentially in fields like physics and other sciences.
- Google DeepMind CEO Demis Hassabis
Recent News :
- In May 2025, Google’s new ‘G’ logoappears nearly identical to its previous version, but with a subtle change: the four primary colors — red, yellow, green, and blue — now blend into each other in a soft gradient.
About Google :
- Founded : September 4, 1998
- Headquarters :California, United States
- CEO :Sundar Pichai
CURRENT AFFAIRS: SPORTS NEWS
India Clinches Historic Badminton Bronze and Sets New Swimming Record at FISU World University Games 2025
- India achieved a significant milestone at the FISU World University Games 2025 in Berlin, Germany, by winning its first-ever badminton medal — a bronze in the mixed team event.
- In a parallel success, Indian swimmer Srihari Nataraj broke a long-standing national record in the men’s 100m freestyle.
Key Highlights:
- India secured bronze in the mixed team badminton event after a 3-1 semifinal defeat against Chinese Taipei.
- Devika Sihag earned India’s only point in the tie by defeating Huang Ching Ping in the women’s singles.
- In the quarterfinal, the Indian team, led by Sathish Kumar Karunakaran, beat Malaysia 3-2, ensuring a historic podium finish.
- In swimming, Srihari Nataraj clocked 49.46 seconds in the men’s 100m freestyle, qualifying for the semifinals.
- He broke the 16-year-old Indian record of 49.47 seconds, previously held by Virdhawal Khade at the 2008 Guangzhou Asian Games.
India Shines at Polyak Imre & Varga Janos Memorial 2025 Wrestling Tournament in Budapest
- India delivered an impressive performance at the Polyak Imre & Varga Janos Memorial 2025, the final event of the United World Wrestling’s ranking series, held in Budapest, Hungary.
- The tournament was crucial for wrestlers seeking better seeding at the 2025 World Wrestling Championships, which will be held in Zagreb, Croatia, from September 13 to 21.
- India’s Medal Tally: The Indian contingent concluded the tournament with a total of 10 medals – 3 gold, 3 silver, and 4 bronze.
Key Highlights :
- Silver for Sumit in 60kg Greco-Roman: Under-23 Asian champion Sumit secured the silver medal after losing 5-1 to European champion Nihat Mammadli of Azerbaijan in the final.
- Bronze for Anil Mor in 55kg Greco-Roman: Anil Mor clinched bronze by defeating Ikhtiyor Botirov of Uzbekistan with a score of 7-4.
- Previous Success: Anil Mor had earlier won gold in the same category at the Ulaanbaatar Open in May 2025.
- Final Ranking Series Event: The Budapest tournament marked the fourth and final wrestling ranking series of the year, offering essential ranking points for the upcoming World Championships.
CURRENT AFFAIRS: IMPORTANT DAYS
National Flag Day (Tiranga Adoption Day)- July 22
- India observes National Flag Day every year on July 22, marking the day in 1947 when the Constituent Assembly adopted the Indian National Flag. Known as the Tiranga, the flag symbolizes the nation’s unity, freedom, and identity.
History:
- The Indian National Flag was officially adopted on July 22, 1947, just before India’s independence.
- Final Design:The adopted flag consists of three horizontal bands — saffron (top), white (middle with Ashoka Chakra), and green (bottom). The Ashoka Chakra replaced the earlier spinning wheel (charkha) in the center.
- The first known version of the Indian flag was created by Sister Nivedita in 1904, featuring red and yellow colors with the slogan “Vande Mataram”.
- The Tiranga represents values such as sacrifice (saffron), peace (white), prosperity (green), and justice (Ashoka Chakra).
- The Flag Code of India governs the proper display and handling of the national flag, emphasizing respectful usage and citizen awareness.
- The flag serves as a unifying symbol for India’s diverse population, instilling national pride and a sense of belonging.
Daily CA One- Liner: July 24
- According to the OECD-FAO Agricultural Outlook 2025–2034, India’s cotton production is set to surpass China’s by 2034, driven by significant productivity improvements rather than expansion of cultivated area.
- The National Education Society for Tribal Students (NESTS) has entered a five-year MoU with Avanti Fellows to provide focused coaching for IIT-JEE and NEET exam preparation to tribal youth, aiming to enhance inclusive education and competitive exam participation.
- The Ministry of Tribal Affairs (MoTA) convened the Delhi Chapter of Adi Shapath, at the Dr. Ambedkar International Centre, bringing together over 20 partners—including PSUs, private firms, donor agencies, and foundations—to drive Janbhagidari and boost investment in tribal regions
- The Film and Television Institute of India (FTII), Pune, and the Maharashtra Film, Stage & Cultural Development Corporation Limited (MFSCDCL), Mumbai signed a Memorandum of Understanding (MoU) to enhance skill development in film, media, and entertainment sectors across Maharashtra, marking a strategic step toward nurturing India’s creative economy.
- Commerce and Industry Minister Piyush Goyal will accompany Prime Minister Narendra Modi to London for the signing of the landmark India-UK Free Trade Agreement (FTA) on July 24, 2025.
- India achieved a significant milestone at the FISU World University Games 2025 in Berlin, Germany, by winning its first-ever badminton medal — a bronze in the mixed team event
- India delivered an impressive performance at the Polyak Imre & Varga Janos Memorial 2025, the final event of the United World Wrestling’s ranking series, held in Budapest, Hungary
- India observes National Flag Day every year on July 22, marking the day in 1947 when the Constituent Assembly adopted the Indian National Flag. Known as the Tiranga, the flag symbolizes the nation’s unity, freedom, and identity.
- The Reserve Bank of India’s (RBI) Financial Inclusion Index increased to 67 in FY25 (March 2025) from 64.2 in FY24.
- The United States (US) has announced its decision to withdraw from UNESCO (United Nations Educational, Scientific and Cultural Organization) again, citing misalignment with national interests and alleged anti-Israel rhetoric.
- The Warship Design Bureau (WDB), under Naval Headquarters, New Delhi, is hosting a one-day Shipbuilding Seminar titled “Nation Building Through Shipbuilding” on 23 July 2025 at the Manekshaw Centre, New Delhi.
- The keel-laying ceremony of Yard 16401, the first of six Next Generation Offshore Patrol Vessels (NGOPVs) for the Indian Coast Guard (ICG), was held at Mazagon Dock Shipbuilders Ltd (MDL), Mumbai on July 22, 2025.
- The Indian Army received the first batch of Apache AH-64E attack helicopters from the United States on July 22, 2025, at Hindon Airbase.
- Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), will step down by the end of August 2025 to return to Harvard University as a Professor of Economics.
- IKEA India appointed Patrik Antoni as the new Chief Executive Officer (CEO), effective August 2025.
- Ashok Chaudhary has been elected as the new Chairman of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which owns the Amul brand.
- Axis Bank announced two senior management changes:
- Neeraj Gambhir was promoted as Executive Director (ED) for a 3-year term.
- Arjun Chowdhry, Group Executive – Affluent Banking, Cards, resigned to pursue an entrepreneurial path.
- Alphabet’s Google and OpenAI AI models won gold medals at the International Mathematical Olympiad (IMO), marking a significant breakthrough in AI math capabilities.
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