Daily Current Affairs 3rd August 2025: Your guide for daily General Knowledge Preparation
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This post contains the daily current affairs 3rd August 2025. It includes all National, International, Business & Sports related to Current Affairs 3rd August 2025. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these Current Affairs, we would recommend you to try 3rd August, 2025 Current affairs test.
National News
PM MITRA Parks Initiative to Elevate Textile Sector
- The central government has selected seven locations across Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra to establish PM MITRA textile parks.
- The scheme has been allocated ₹4,445 crore and will continue until 2027–28.
- It targets an investment influx of ₹70,000 crore and the creation of 20 lakh employment opportunities.
- The initiative is supported by the Samarth Skill Development Scheme and the National Technical Textiles Mission.
- Together, these efforts aim to enhance India’s textile export capabilities, reinforce domestic production, and position India as a leading textile manufacturing hub globally.
Banking News
Banking Laws (Amendment) Act, 2025 Comes into Force
- Effective from August 1, 2025, the amended Banking Laws introduce significant changes to modernize India’s banking structure.
- The “substantial interest” threshold has been raised to ₹2 crore.
- Cooperative bank board members can now serve terms of up to 10 years.
- Public sector banks (PSBs) are now permitted to transfer unclaimed funds to the Investor Education and Protection Fund (IEPF).
- Provisions also include the authority for PSBs to appoint high-quality auditors.
- These reforms are designed to improve governance standards, safeguard depositors’ interests, and bring cooperative banks in alignment with constitutional guidelines.
Economy News
GST Revenue Reaches ₹1.96 Lakh Crore in July 2025
- Gross GST collection for July 2025 increased by 7.5% compared to the same period last year.
- However, the net revenue growth slowed to 1.7% due to a steep 117% increase in refunds.
- The surge in refunds is largely attributed to issues with inverted duty structures.
- While consumption trends remain steady and states like Sikkim and Tripura show strong regional performance, concerns linger over subdued domestic demand and falling automobile sales.
- GST rate rationalization has now become a pressing issue for economic policymakers.
Appointments News
Dr. Mayank Sharma Appointed Financial Advisor (Defence Services)
- Dr. Sharma, an IDAS officer from the 1989 batch, assumed the position on August 1, 2025.
- He has over three decades of experience spanning defence accounts, the Cabinet Secretariat, AIIMS Delhi, and international institutions like the UN and IACA.
- His appointment is anticipated to bolster India’s financial governance in defence and enhance its global engagement.
Vice Admiral Manish Chadha Takes Over Indian Naval Academy
- On August 1, 2025, Vice Admiral Manish Chadha, AVSM, VSM, became the new head of the Indian Naval Academy at Ezhimala.
- He succeeds Vice Admiral CR Praveen Nair.
- With 34 years of service and expertise in Communication and Electronic Warfare, Chadha has led frontline warships and attended key military training programs in India and overseas.
- His leadership is expected to further strengthen naval training and reinforce India’s maritime self-reliance under the AatmaNirbhar Bharat initiative.
Shashi Prakash Goyal Becomes Chief Secretary of Uttar Pradesh
- Goyal, a 1989-batch IAS officer, took charge on July 31, 2025, replacing Manoj Kumar Singh.
- Previously the Additional Chief Secretary to the Chief Minister, he is known for his strategic administration skills.
- He has vowed to adopt a strict anti-corruption stance and focus on industrial growth to help Uttar Pradesh realize its goal of becoming a $1 trillion economy.
Defence News
INS Himgiri Joins Indian Navy Fleet
- The Indian Navy inducted INS Himgiri, a stealth frigate developed under Project 17A by GRSE Kolkata.
- The ship is equipped with cutting-edge BrahMos missiles, LR SAMs, anti-submarine torpedoes, and modern sensors.
- As a successor to the earlier INS Himgiri, this warship embodies India’s push for indigenous defence production.
- It represents a vital step toward expanding the Navy’s fleet to 170–175 ships by 2035, in line with the Aatmanirbhar Bharat vision.
Sports News
Khalid Jamil Named Head Coach of Indian Men’s Football Team
- The All India Football Federation (AIFF) appointed Khalid Jamil as the new head coach for the senior men’s national team.
- He was preferred over Stephen Constantine and Štefan Tarkovič following a thorough SWOT analysis.
- Jamil, supported by former football stars like IM Vijayan, is seen as a champion for homegrown coaching talent.
- His leadership comes ahead of India’s participation in the CAFA Nations Cup and AFC Asian Cup qualifiers.
Science & Technology News
SpaceX and NASA Launch Crew-11 to ISS
- SpaceX launched NASA’s Crew-11 mission from Kennedy Space Center in Florida.
- The mission includes two NASA astronauts, a Russian cosmonaut, and a Japanese astronaut.
- The crew is expected to stay aboard the International Space Station for up to eight months, longer than the usual six-month stint.
- This mission highlights continued collaboration between the U.S. and Russia in space, despite global tensions.
- It also showcases SpaceX’s success in the commercial spaceflight sector.
Important Days News
Cloves Syndrome Awareness Day Observed on August 3, 2025
- The day focuses on raising awareness about CLOVES syndrome, a rare genetic disorder involving abnormal tissue overgrowth, vascular anomalies, and skeletal irregularities.
- Emphasis is placed on the importance of early diagnosis, advanced medical care, and public education to improve the quality of life for affected individuals.
Obituaries News
- N. Manoharan Passes Away
- T. N. Manoharan, the Chairman of IDBI Bank and recipient of the Padma Shri award, passed away on July 30, 2025.
- He was instrumental in reviving Satyam Computers and also led Canara Bank and other major organizations as an independent director.
- His leadership earned him the title of “Indian of the Year 2009” and left a significant legacy in Indian banking and governance.
Dr. V. Vasanthi Devi Passes Away
- Dr. Vasanthi Devi (1938–2025), an eminent academic, human rights activist, and former Vice-Chancellor of Manonmaniam Sundaranar University, died in Chennai at 86.
- A strong advocate for women’s rights and education reform, she was a vocal critic of the National Education Policy 2020.
- Her passing is considered a major loss to the academic and progressive communities in India.
Kalabhavan Navas, Mimicry Artist and Actor, Dies at 51
- Popular Malayalam actor and mimicry artist Kalabhavan Navas passed away at age 51 in Chottanikkara from a suspected heart attack.
- He rose to fame with the Cochin Kalabhavan troupe and appeared in notable films like Junior Mandrake and One Man Show.
- Tributes poured in from across Kerala, honoring his contributions to stage, film, and cultural entertainment.
Awards and Honours
71st National Film Awards 2023: Complete Winners List
- The winners for the 71st National Film Awards, honoring cinematic works of 2023, have been announced.
- A total of 332 entries were received for Feature Films, 115 for Non-Feature Films, 27 in the Books category, and 16 by critics.
- Key announcement made by:
- Shri Ashutosh Gowariker (Feature Film Jury Chair)
- Shri P. Sheshadri (Non-Feature Film Jury Chair)
- Ajay Nagabhushan MN (Joint Secretary, Films)
- Ms. Mattu J. P. Singh (Director General)
Highlights:
- Best Feature Film: 12th Fail (Hindi)
- Best Non-Feature Film: Flowering Man (Hindi)
- Best Documentary: God Vulture and Human (English, Hindi & Telugu) — first National Awards for both documentaries
- Best Actor (Joint): Shah Rukh Khan (Jawan) and Vikrant Massey (12th Fail) — Shah Rukh Khan’s first National Award
- Best Actress: Rani Mukerji (Chatterjee Vs Norway) — her first National Award
- Best Supporting Actor (Joint): Vijayaraghavan (Pookkaalam, Malayalam) and Muthupettai Somu Bhaskar (Parking, Tamil)
- Best Film Critic: Utpal Datta (Assamese) — awarded Swarna Kamal and ₹1,00,000