Daily Current Affairs 26th July 2025 | Latest News | Download PDF

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CURRENT AFFAIRS: BANKING, FINANCE AND BUSINESS NEWS

Export Promotion Mission to Boost Micro, Small and Medium Enterprises Exports

• The Export Promotion Mission, announced in the Union Budget 2025-26, is a collaborative initiative by the Ministries of Commerce and Industry, Micro, Small and Medium Enterprises (MSME), and Finance.
• Led by the Department of Commerce, the mission aims to enhance export competitiveness by improving access to export credit, enabling cross-border factoring, and helping MSMEs tackle non-tariff barriers in international markets.

Key Highlights:

• The mission focuses on effectively implementing its core objectives to benefit MSMEs nationwide by:
  • Improving export credit access,
  • Facilitating cross-border factoring, and
  • Assisting MSMEs in addressing non-tariff trade barriers.
• Other government initiatives to support MSME exports include:
  • International Cooperation Scheme (Ministry of MSME) provides financial aid for MSMEs to participate in international trade fairs and exhibitions.
    • In Andhra Pradesh, financial assistance disbursed and MSMEs supported in the last two years:

• • The Directorate General of Foreign Trade (DGFT) is piloting E-Commerce Export Hubs (ECEHs) to help MSMEs and traditional artisans expand exports via e-commerce. These hubs provide:
    • End-to-end support for cross-border e-commerce,
    • Faster customs clearance, and
    • Simplified management of returns.

Alphabet CEO Sundar Pichai Joins Billionaire Club with $1.1 Billion Net Worth

• Sundar Pichai, the CEO of Alphabet Inc., has reached a personal net worth of $1.1 billion, marking a major milestone driven by Alphabet’s soaring stock performance and aggressive investments in Artificial Intelligence (AI).
• Pichai’s journey from Tamil Nadu to the top of the global tech world showcases his exceptional leadership and long-term vision.

Key Highlights:

• Career Milestones:
  • Joined Google in 2004, playing a key role in developing Google Chrome and Android.
  • Became CEO of Google in 2015 during the company’s restructuring into Alphabet Inc..
  • Elevated to CEO of Alphabet Inc. in 2019.
• Billionaire Status Without Founding a Company:
  • Unlike many tech billionaires, Pichai is not a founder, but achieved billionaire status through strategic leadership, stock-based compensation, and long-term planning.
• Stock Surge and Wealth Growth:
  • Alphabet’s stock surged over 120% since early 2023, adding more than $1 trillion in market value.
  • Pichai owns just 0.02% of Alphabet’s shares, but benefited from stock sales and executive compensation.
• AI-Focused Strategy:
  • AI has become central to Alphabet’s growth under Pichai.
  • Pichai led the $400 million acquisition of DeepMind in 2014, a major move in Alphabet’s AI journey.
  • In 2024 alone, Alphabet invested $50 billion in AI infrastructure, underscoring its commitment to the technology.
• Leadership Recognition:
  • In July 2025, Pichai became Alphabet’s longest-serving CEO, completing nearly a decade in the role.
  • His story is a notable example of a self-made billionaire who rose to the top without founding the company he leads.

1,629 Corporate Borrowers Identified as Wilful Defaulters by PSBs, Loans Worth ₹1.62 Trillion Unpaid

• The Union Finance Ministry informed that public sector banks (PSBs) have identified 1,629 unique corporate borrowers as wilful defaulters, with outstanding dues of ₹1.62 trillion as of March 31, 2025.
• This data was shared in a written reply in the Rajya Sabha by Minister of State for Finance, Pankaj Chaudhary.

Key Highlights:

• Source of Data: The data was obtained from the Central Repository of Information on Large Credits (CRILC), maintained by the Reserve Bank of India (RBI).
• Public Disclosure: The list of wilful defaulters (excluding overseas borrowers) is updated monthly and made available on the websites of registered credit information companies like CIBIL, Experian, Equifax, and CRIF High Mark.
• Overseas Wilful Defaults: Indian banks are required to report wilful defaulters at their overseas branches, unless restricted by host country laws, as per the list dated July 30, 2024.
• Fugitive Economic Offenders (FEOs): As per the Directorate of Enforcement, nine accused who fled the country have been declared Fugitive Economic Offenders under the Fugitive Economic Offenders Act, 2018 (FEOA).
• Asset Confiscation:
  • ₹15,298.27 crore worth of assets confiscated under the Prevention of Money Laundering Act (PMLA).
  • ₹749.87 crore worth of assets confiscated under the FEOA.
• Convictions Under PMLA: Nine accused individuals have been convicted under PMLA provisions.
• Deterrent Measures Taken:
  • No additional credit facilities are sanctioned to wilful defaulters by banks and financial institutions.
  • Their business units are barred from launching new ventures for a period of five years.
  • Companies with wilful defaulters as promoters or directors are prohibited from raising funds from capital markets.
  • The bar on fresh credit extends for one year after their removal from the List of Wilful Defaulters (LWD).

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Employment and Unemployment Trends in India Based on Periodic Labour Force Survey (PLFS)

• The Periodic Labour Force Survey (PLFS), conducted by the Ministry of Statistics and Programme Implementation (MoSPI) since 2017-18, serves as the official source for employment and unemployment data in India.

Key Highlights:

• Worker Population Ratio (WPR) and Unemployment Rate (UR) for persons aged 15 years and above show the following trends from 2020-21 to 2023-24:

• The data indicates a rising trend in employment (WPR) and a declining trend in unemployment (UR) over these years.
• The KLEMS database by Reserve Bank of India (RBI) estimates total employment, including the manufacturing sector, which has increased from 47.5 crore in 2017-18 to 64.33 crore in 2023-24 at the all-India level.
• Female employment shows a steady rise with female Worker Population Ratio (WPR) increasing as follows:

• This highlights an increasing participation of women in the workforce over the years.

• This information was provided by the Minister of State for Labour and Employment, Sushri Shobha Karandlaje, in a written reply to a question in the Rajya Sabha.

Kargil Vijay Diwas Padyatra 2025 Organised by MY Bharat to Honour 26th Anniversary of India’s Victory in Kargil War

• Mera Yuva Bharat (MY Bharat), an autonomous body under the Ministry of Youth Affairs and Sports, will organize the ‘Kargil Vijay Diwas Padyatra’ on 26th July 2025 in Drass, Kargil to commemorate 26 years of India’s victory in the 1999 Kargil War.

Key Highlights:

• Led by Union Minister Dr. Mansukh Mandaviya, the padyatra will also include participation from the Union Minister of State for Defence, Shri Sanjay Seth, along with:
  • Over 1,000 youth
  • Veterans
  • Armed forces personnel
  • Families of martyrs
  • Civil society members
• After the padyatra, Union Ministers and 100 youth volunteers will proceed to the Kargil War Memorial to:
  • Lay wreaths
  • Offer homage to the 1999 Kargil War martyrs
• 26 women bikers from the Shakti Udgosh Foundation will be felicitated by the Minister. These bikers will reach the memorial after completing a motorbike rally in tribute to the martyrs.
• The event will also include a plantation drive under the “Ek Ped Maa Ke Naam” campaign, highlighting:
  • Environmental awareness
  • Sustainable development goals
  • Patriotism aligned with Viksit Bharat @2047
• It aligns with the Prime Minister’s vision of Jan Bhagidari in Rashtranirman, engaging every section of society — especially the Amrit Peedhi — in nation-building through shared remembrance and participatory action.

eShram Portal Evolved as One-Stop-Solution for Unorganised Workers’ Social Security Access

• The Ministry of Labour and Employment launched the eShram portal (eshram.gov.in) on 26th August 2021 to create a comprehensive National Database of Unorganised Workers (NDUW) linked with Aadhaar.
• The initiative aims to provide unorganised workers with a Universal Account Number (UAN) based on self-declaration, ensuring streamlined access to social security schemes.

Key Highlights:

• Registrations on the Rise:
  As of 17th July 2025, over 30.94 crore unorganised workers have registered on the eShram portal, including 85.86 lakh workers from Andhra Pradesh.
• eShram “One-Stop-Solution” Launched:
  In line with the Budget 2024-25 vision, the eShram–“One-Stop-Solution” was launched on 21st October 2024 to integrate multiple social security and welfare schemes into a single platform.
  This allows registered workers to access various benefits and track entitlements via eShram.
• Integration with Major Welfare Schemes:
  So far, 14 central schemes have been integrated with eShram, enabling direct access and benefit tracking. These include:
  • Pradhan Mantri Street Vendors Atmanirbhar Nidhi (PMSVANidhi)
  • Pradhan Mantri Suraksha Bima Yojana (PMSBY)
  • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
  • National Family Benefit Scheme (NFBS)
  • Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)
  • Pradhan Mantri Awas Yojana – Gramin (PMAY-G)
  • Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)
  • Pradhan Mantri Awas Yojana – Urban (PMAY-U)
  • Pradhan Mantri Matsya Sampada Yojana (PMMSY)
  • Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY)
  • Indira Gandhi National Widow Pension Scheme (IGNWPS)
  • Indira Gandhi National Disability Pension Scheme (IGNDPS)
  • One Nation One Ration Card (ONORC)
  • Pradhan Mantri Matru Vandana Yojana (PMMVY)

Pradhan Mantri Krishi Sinchayee Yojana (PMKSY): Overview and Implementation

• Launched in 2015-16 by the Department of Water Resources, River Development and Ganga Rejuvenation, the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) aims to improve water access on farms, expand cultivable area under assured irrigation, enhance water use efficiency, and promote sustainable water conservation practices.

PMKSY is an umbrella scheme with two main components:

• Accelerated Irrigation Benefits Programme (AIBP)
• Har Khet Ko Pani (HKKP), which includes four sub-components:
  • Command Area Development & Water Management (CAD&WM)
  • Surface Minor Irrigation (SMI)
  • Repair, Renovation, and Restoration (RRR) of water bodies
  • Ground Water (GW) Development

The CAD&WM sub-component runs alongside the AIBP.

• The government approved PMKSY’s implementation for 2021-22 to 2025-26 in December 2021. However, the Ground Water component under HKKP is only provisionally approved till 2021-22 for committed liabilities and extended till ongoing works are completed.

Other related components under PMKSY include:

• Watershed Development Component (WDC), implemented by the Department of Land Resources, Ministry of Rural Development.
• Per Drop More Crop (PDMC), initially part of PMKSY until December 2021, now under the Department of Agriculture and Farmers Welfare as part of Rashtriya Krishi Vikas Yojana.

Key Highlights

• Land acquisition is a major challenge in irrigation projects; however, the use of about 55,290 km of underground pipelines in distribution networks has avoided acquisition of around 76,594 hectares of land.
• Use of SCADA-based water distribution and micro irrigation in some PMKSY projects has improved water use efficiency.
• Progress monitoring is facilitated by a dedicated dashboard with Management Information System (MIS), enabling near real-time tracking of project status and bottlenecks.
• Micro irrigation promotion continues under the PDMC component.
• Project issues, including land acquisition and statutory clearances, are regularly addressed via the Project Monitoring Group (PMG) portal to ensure early completion.
• This information was provided by Minister of State for Jal Shakti, Shri V. Somanna, in a written reply to Lok Sabha.

9th Empowered Committee for Animal Health (ECAH) Meeting – Major Developments in India’s Animal Health Sector

• The 9th Meeting of the Empowered Committee for Animal Health (ECAH) was held in New Delhi under the Department of Animal Husbandry and Dairying (DAHD).
• Chairperson: Prof. Ajay Kumar Sood, Principal Scientific Adviser (PSA) to the Government of India.
• Vice-Chairperson: Mrs. Alka Upadhyaya, Secretary, DAHD.
• Participants included representatives from PSA’s office, ICMR, CDSCO, DBT, Ministry of Ayush, and other institutions.

Key Highlights

1. Equine Disease-Free Compartment (EDFC)

• India’s first EDFC recognized by the World Organisation for Animal Health (WOAH) on 3rd July 2025.
• Location: Remount Veterinary Corps (RVC) Centre & College, Meerut Cantonment.
• Allows international movement of Indian sport horses under global standards.

2. Highly Pathogenic Avian Influenza (HPAI)

• 44 HPAI compartments approved for biosecure poultry production.

3. Rinderpest Holding Facility (RHF)

• ICAR-NIHSAD, Bhopal recognized as a Category A RHF by WOAH and FAO.
• India joins an elite group of 6 institutions globally.

4. Reference Laboratory Recognition

• ICAR-NRC on Equines, Hisar – recognized for Equine Piroplasmosis.
• ICAR-NBFGR, Lucknow – recognized for Epizootic Ulcerative Syndrome caused by Aphanomyces invadans.

Pandemic Preparedness and Laboratory Infrastructure

Network Establishment Under Pandemic Fund Project

• Indian Network of Genomic Surveillance (INGeS) – 11 laboratories.
• Indian Network on Transboundary Animal Diseases (TADs) & Emerging Infectious Diseases (EIDs) – 19 laboratories.

Laboratory Quality Enhancement

• NABL accreditation in progress for:
  • 6 Central/Regional Disease Diagnostic Labs (CDDLs/RDDLs).
  • 17 State Animal Disease Diagnostic Laboratories.
• “Rate My Lab” Digital Platform being developed for:
  • Self-assessment
  • Transparency and benchmarking of diagnostic labs.

About ECAH

• Established: 2021.
• Functions as the apex advisory body of DAHD.
• Provides strategic guidance on:
  • Animal disease control
  • Emerging animal health threats
  • One Health initiatives
  • Regulatory issues in veterinary pharmaceuticals and biologicals.

India Resumes Tourist Visas for Chinese Citizens After Five Years

• India has resumed the issuance of tourist visas to Chinese nationals, ending a five-year suspension.
• This move signals a positive recalibration in India-China diplomatic ties, focusing on soft power, tourism revival, and religious diplomacy.
• It also aligns with India’s broader efforts to boost international tourism post-COVID-19 and reopens avenues for people-to-people exchange.

Key Highlights

• Tourist visas for Chinese citizens were suspended in 2020 due to the COVID-19 pandemic and the Galwan Valley clash, straining bilateral relations. Prior to the suspension, travel included tourism, business, academic exchanges, and religious pilgrimages.
• Visa Resumption Process (Effective July 24, 2025):
  • Chinese nationals can apply online for a tourist visa.
  • Appointments available at Indian Visa Application Centres in Beijing, Shanghai, and Guangzhou.
  • Applicants must submit required documents and passports in person.
  • Announcement made by the Indian Embassy in Beijing.
• Trust-Building Measure:
  The announcement follows the resumption of the Kailash Mansarovar Yatra on June 30, 2025, enhancing religious and spiritual connectivity.
• Significance:
  • Improves bilateral relations, marking a thaw in tensions.
  • Supports India’s goal of reviving inbound tourism, particularly from high-volume markets like China.
  • Strengthens religious diplomacy with pilgrimage access through Tibet.
  • Economic boost expected from Chinese tourists, known for high spending in hospitality and retail sectors.

Prime Minister Narendra Modi Becomes India’s Second-Longest-Serving Prime Minister

• Prime Minister Narendra Modi has become the second-longest-serving PM in Indian history, overtaking Indira Gandhi’s record of 4,077 consecutive days in office.
• He completed 4,078 continuous days in office, achieving this feat over three consecutive terms.

Key Achievements and Milestones

• Record Surpassed:
  Modi has surpassed Indira Gandhi’s uninterrupted tenure from January 24, 1966 to March 24, 1977 (4,077 days).
• First Non-Congress PM to reach this milestone.
• First Indian PM born after Independence.
• Longest-serving PM from a non-Hindi-speaking state (Gujarat).
• First sitting PM since Indira Gandhi to return to power with a full majority (2019).

Comparison with Jawaharlal Nehru

• Jawaharlal Nehru remains the longest-serving PM, with 6,130 days in office.
• Like Nehru, Modi has also led his party to three consecutive Lok Sabha wins.

Leadership in Gujarat

• Served as Gujarat Chief Minister from 2001 to 2014, making him the longest-serving CM of the state.
• Six-time electoral winner as party leader:
  • Gujarat Assembly Elections: 2002, 2007, 2012
  • Lok Sabha Elections: 2014, 2019, 2024

International Honours and Recognitions

• Modi is the most internationally decorated Indian PM, with 24 global honours.
• Recent Honours:
  • Ghana: Officer of the Order of the Star of Ghana
  • Cyprus: Grand Cross of the Order of Makarios III
• Other Prestigious Awards:
  • Saudi Arabia: Order of King Abdulaziz
  • Afghanistan: Order of Amanullah Khan
  • Palestine: Grand Collar of the State of Palestine
  • Maldives: Order of the Distinguished Rule of Izzuddin
  • Bahrain: King Hamad Order of the Renaissance
  • Egypt: Order of the Nile
  • France: Legion d’Honneur
• In contrast, former PMs Nehru, Indira Gandhi, and Dr. Manmohan Singh received only two international honours each.

Independence Day Speech Records

• Delivered longest I-Day speech in 2023, lasting 98 minutes.
• Average speech length: 82 minutes — longest average among Indian PMs.
• Second-longest speech: 96 minutes in 2016.
• Shortest speech: 56 minutes in 2017.
• In 2024, Modi hoisted the flag and addressed the nation for the third time on Independence Day during his third term.
• For comparison, Nehru (1947) and IK Gujral (1997) had I-Day speeches of 72 and 71 minutes, respectively.

Government Launches Palna Scheme Under Mission Shakti to Provide Day-Care and Child Protection

• The Ministry of Women and Child Development rolled out the Palna Scheme on 1 April 2022 under the Samarthya vertical of Umbrella Mission Shakti, offering day-care crèche facilities and child protection services for children aged 6 months to 6 years across all States and UTs.

Key Highlights:

• Rationale for the Scheme: Rapid growth of women’s workforce participation, urbanisation, migration, and nuclear families has created a childcare gap, deterring many mothers from pursuing gainful employment.
• Formalisation of Care Work: By providing structured crèche services, the scheme recognises childcare as formal work, supporting the “decent work campaign” under SDG 8 – Decent Work and Economic Growth.
• Integration with Anganwadi Network: Utilises Anganwadi-cum-Crèche Centres (AWCCs)—the world’s largest childcare infrastructure—to deliver whole-day care, ensuring safe, secure, and quality support “till the last mile.”
• Universal Access: Open to all mothers, irrespective of employment status, covering both organized and unorganized sectors and all socioeconomic groups.
• Comprehensive Childcare Services: Offers nutrition, health monitoring, growth tracking, immunization, and cognitive development activities alongside supervision.
• Promoting Women’s Economic Empowerment: Reduces unpaid childcare burden, enabling more mothers to enter or remain in the workforce, thereby boosting female labour participation.
• Governance and Targets:
  • Annual targets for AWCCs are set during Programme Approval Board (PAB) meetings with State and UT administrations.
  • States/UTs submit proposals and provide matching funds for establishment and operation.
• Progress Under 15th Finance Commission (up to FY 2025–26):
  • Envisioned AWCCs: 17,000
  • Approved to Date: 14,599
• Parliamentary Update: Data on the scheme’s implementation was provided in the Rajya Sabha by Minister of State for Women and Child Development, Smt. Savitri Thakur.

CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION

Ajay Seth Appointed as Chairman of Chairman of the Insurance Regulatory and Development Authority of India

• Government of India appointed Ajay Seth, the former Secretary of Finance and Economic Affairs, as the new Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).
• The Appointments Committee of the Cabinet (ACC) approved his appointment.

Key highlights

• Ajay Seth will serve a term of three years, or until he reaches the age of 65, or until further notice—whichever comes earlier.
• Ajay Seth is a 1987-batch Indian Administrative Service (IAS) officer from the Karnataka cadre.
• He had most recently served as the Union Finance Secretary and retired from service in June 2025.
• He replaces Debasish Panda, also a former IAS officer, who completed his three-year term as IRDAI Chairman in March 2025.
• The position of Chairman had remained vacant since Panda’s retirement until Ajay Seth’s appointment was finalized.

CURRENT AFFAIRS: SCIENCE AND TECHNOLOGY

NASA Launches TRACERS Mission to Study Earth’s Magnetic Defense Against Space Storms

• NASA has launched the TRACERS mission (Tandem Reconnection and Cusp Electrodynamics Reconnaissance Satellites) to investigate how Earth’s magnetic field protects the planet from solar storms and space weather.
• This mission focuses on understanding magnetic reconnection, a process where the Sun’s magnetic field interacts with Earth’s shield, releasing bursts of energy that can disrupt satellites, power grids, and communications.

Key Highlights

• TRACERS consists of two small satellites flying just 10 seconds apart, launched aboard a SpaceX Falcon 9 from California’s Vandenberg Space Force Base.
• The satellites study the polar cusp region near the North Pole, where Earth’s magnetic field is most vulnerable to solar activity.
• The mission aims to observe and measure magnetic reconnection and energy transfer in this region to understand how solar particles enter Earth’s upper atmosphere.
• TRACERS will collect over 3,000 measurements within one year, enabling real-time monitoring of space weather impacts on communication systems, GPS navigation, and electrical grids.
• Additional payloads launched alongside TRACERS include:
  • Athena EPIC: Works on reducing satellite costs and studying Earth’s radiation environment.
  • PExT: Tests a new roaming-style dual-network satellite communication system.
  • REAL: A CubeSat studying the escape of harmful electrons from the Van Allen radiation belts.
• The mission holds global importance, especially for countries like India that rely heavily on satellite-based technology, helping protect ISRO’s missions and critical infrastructure.
• TRACERS is led by David Miles of the University of Iowa, with collaboration from NASA Goddard, UCLA, UC Berkeley, Southwest Research Institute, U.S. Space Force, Dartmouth College, and Montana State University.

CURRENT AFFAIRS: OBITUARIES

Hulk Hogan: WWE Legend and Global Sports Entertainment Icon Passes Away at 71

• Hulk Hogan, born Terry Gene Bollea, died, at the age of 71, marking the end of a transformative era in professional wrestling and sports entertainment.
• Known as “The Hulkster,” Hogan was a six-time WWE Champion and a key figure who helped professional wrestling gain worldwide mainstream popularity during the 1980s and 1990s.
• His death from cardiac arrest was confirmed by Clearwater Police and WWE. Hogan’s influence extended beyond the ring into television, films, and global pop culture for over four decades.

Key Highlights

• Wrestling Career:Began in 1977, rising to fame in the World Wrestling Federation (WWF), now WWE, with his charismatic persona and showmanship. He played a crucial role in elevating WWE into a global brand and was central to popularizing WrestleMania.
• Industry Influence:His controversial heel turn as “Hollywood Hogan” and formation of the New World Order (nWo) in WCW revolutionized wrestling storytelling in the 1990s.
• Major Achievements:
  • 6-time WWE Champion
  • Headlined 8 WrestleMania main events
  • Appeared in films like Rocky III and Mr. Nanny
  • TV appearances on Saturday Night Live, The Tonight Show, and Thunder in Paradise
  • Inducted twice into the WWE Hall of Fame (2005 individually, 2020 as nWo member)
• Legacy and Personal Life:Recognized by Vince McMahon as the greatest WWE Superstar of all time. Hogan redefined sports entertainment and inspired stars like The Rock and John Cena. He married thrice, most recently to Sky Daily in 2023. Publicly endorsed Donald Trump at the 2024 Republican National Convention, showing his lasting public influence.

CURRENT AFFAIRS: IMPORTANT DAYS

Kargil Vijay Diwas 2025: July 26

• Kargil Vijay Diwas 2025 is observed on July 26 every year in memory of soldiers who sacrificed their lives in the Kargil War.

History

• In this year 2025, it has been 24 years since the Kargil War of 1999.
• Kargil Vijay Diwas 2025 celebrates the victory of the Indian Armed Forces over Pakistan during the Kargil War, which took place between May and July 1999
• The Kargil War was an armed conflict between India and Pakistan in the Kargil district of Jammu and Kashmir.
• The conflict originated when around 5,000 Pakistani troops and militants infiltrated Indian territory to dominate the region with the goal of claiming Siachen Glacier.
• It is believed to planned by the then Pakistan Army chief General Pervez Musharraf without the knowledge of then Pakistan Prime Minister Nawaz Sharif and occupied strategic positions in the high-altitude areas along the Line of Control (LOC), which serves as the de facto border between India and Pakistan in the region.
• The main aim of Pakistan is to draw international attention to the disagreement so that pressure can be generated on the Indian Army to take away its army from the Siachen Glacier region and force India to negotiate for the Kashmir dispute.

Daily CA One- Liner: July 26

• The Export Promotion Mission, announced in the Union Budget 2025-26, is a collaborative initiative by the Ministries of Commerce and Industry, Micro, Small and Medium Enterprises (MSME), and Finance
• Sundar Pichai, the CEO of Alphabet Inc., has reached a personal net worth of $1.1 billion, marking a major milestone driven by Alphabet’s soaring stock performance and aggressive investments in Artificial Intelligence
• The Union Finance Ministry informed that public sector banks (PSBs) have identified 1,629 unique corporate borrowers as wilful defaulters, with outstanding dues of ₹1.62 trillion as of March 31, 2025
• The Periodic Labour Force Survey (PLFS), conducted by the Ministry of Statistics and Programme Implementation (MoSPI) since 2017-18, serves as the official source for employment and unemployment data in India
• Mera Yuva Bharat (MY Bharat), an autonomous body under the Ministry of Youth Affairs and Sports, will organize the ‘Kargil Vijay Diwas Padyatra’ on 26th July 2025 in Drass, Kargil to commemorate 26 years of India’s victory in the 1999 Kargil War
• The Ministry of Labour and Employment launched the eShram portal (eshram.gov.in) on 26th August 2021 to create a comprehensive National Database of Unorganised Workers (NDUW) linked with Aadhaar
• Launched in 2015-16 by the Department of Water Resources, River Development and Ganga Rejuvenation, the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) aims to improve water access on farms, expand cultivable area under assured irrigation, enhance water use efficiency, and promote sustainable water conservation practices
• The 9th Meeting of the Empowered Committee for Animal Health (ECAH) was held in New Delhi under the Department of Animal Husbandry and Dairying
• India has resumed the issuance of tourist visas to Chinese nationals, ending a five-year suspension
• Prime Minister Narendra Modi has become the second-longest-serving PM in Indian history, overtaking Indira Gandhi’s record of 4,077 consecutive days in office
• The Ministry of Women and Child Development rolled out the Palna Scheme on 1 April 2022 under the Samarthya vertical of Umbrella Mission Shakti, offering day-care crèche facilities and child protection services for children aged 6 months to 6 years across all States and UTs
• Government of India appointed Ajay Seth, the former Secretary of Finance and Economic Affairs, as the new Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).
• NASA has launched the TRACERS mission (Tandem Reconnection and Cusp Electrodynamics Reconnaissance Satellites) to investigate how Earth’s magnetic field protects the planet from solar storms and space weather
• Hulk Hogan, born Terry Gene Bollea, died, at the age of 71, marking the end of a transformative era in professional wrestling and sports entertainment.
• Kargil Vijay Diwas 2025 is observed on July 26 every year in memory of soldiers who sacrificed their lives in the Kargil War