Infrastructure
50% Toll Charge Reduction
MoRTH announced 50% reduction in toll charges on July 2, 2025, for tunnels, bridges, flyovers, and elevated corridors. A new formula selects the lower toll value between two metrics to benefit commuters.
Urban Governance
Puri – Odisha’s 6th Municipal Corporation
CM Mohan Charan Majhi declared Puri as the 6th Municipal Corporation in Odisha on July 5, 2025. Also announced Jagannath Museum and cultural research center for the pilgrim city.
Climate & Environment
EU’s 2040 Climate Target
EU announced 90% greenhouse gas emission reduction by 2040 to align with 2050 carbon neutrality. Allows 3% offset via international carbon credits from 2036, with final approval expected at COP30 in Brazil.
Digital Security
Financial Fraud Risk Indicator (FRI)
RBI mandated FRI for banks and UPI platforms, launched June 30, 2025, developed by DoT. Uses data from NCRP, Chakshu, and banking reports. Adopted by HDFC, ICICI, PhonePe, and Paytm.
Banking & Economy
SBI’s Global GDP Contribution
SBI contributed $44 billion to global GDP growth in FY25, accounting for 16% of India’s share. India contributed $297 billion (6.7% of global growth). SBI added βΉ1.38 lakh crore to Indian financial services.
International Finance
Mashreq Bank in GIFT City
Mashreq Bank (UAE) became the first UAE bank to receive IFSCA approval for an IBU in GIFT City. Branch expected by Q4 2025 to offer forex loans and trade finance.
International Relations
PM Modi’s Trinidad Award
PM Narendra Modi received the Order of the Republic of Trinidad and Tobago on July 4, 2025 – the country’s highest civilian award. Recognized for global leadership and diaspora engagement.
Education & Achievement
NASA-NSS Space Contest Win
S.R.N. Mehta CBSE School, Kalaburagi won the NASA-NSS Space Settlement Design Contest 2025 with Project IRA. The 11-student team presented at ISDC-2025 in Orlando and visited NASA Kennedy Space Center.
Defence
First Woman Navy Fighter Pilot Trainee
Aastha Poonia became the first woman fighter pilot trainee in the Indian Navy, receiving “Wings of Gold” on July 3, 2025, in Visakhapatnam. Will train on MiG-29K and Rafale M jets.
Space & Technology
India’s First Private Satellite Internet
Ananth Technologies to launch India’s first private satellite internet by 2028 using a geostationary satellite at 35,000 km. βΉ3,000 crore project approved by IN-SPACe to compete with Starlink and OneWeb.