📊 Index & Rankings
The report predicts a global slowdown, projecting 2.3% growth for 2025 due to:
- Policy uncertainties
- Trade barriers
- Financial volatility
Key Observations:
- Rise in VIX (fear index) and demand for safe-haven assets
- Developing nations facing a debt crisis despite rate cuts
India stands out with strong domestic demand, growth in IT services exports, and stable macroeconomic conditions.
Challenges: Decline in ODA, increased military spending in G7 countries, and threats to SDG financing.
🇮🇳 National News
On July 9, 2025, the Department of Posts released a special postage stamp to commemorate the 125th birth anniversary of Syama Prasad Mookerjee.
The launch event took place at Siri Fort Auditorium, New Delhi, and included cultural programs, an exhibition, and a short documentary showcasing his life and contributions.
The stamp was designed by Smt. Nenu Gupta and highlights Mookerjee’s pivotal work in:
- Education
- National unity
- Constitutional development
Delhi Transport Corporation (DTC) is set to replace the existing pink ticket system with the ‘Saheli Smart Card’.
Key Details:
- Exclusively for women and transgender residents of Delhi
- Requires Aadhaar and address proof for issuance
Objectives:
- Eliminate misuse of free travel benefits
- Ensure rightful beneficiaries avail the scheme
- Promote a cashless, connected, and modern public transport ecosystem
Additional Features: Integration with QR-based tickets, NCMC, and mobile applications as part of Delhi’s larger digital mobility plan.
On July 9, 2025, the Indian Navy received INS Nistar, its first indigenous Diving Support Vessel (DSV), built by Hindustan Shipyard Ltd (HSL).
Features:
- 75% indigenous content
- Deep-sea diving up to 300m
- Submarine rescue with DSRV
- Use of ROVs up to 1000m
The vessel supports underwater missions and aligns with the goals of Aatmanirbhar Bharat and Make in India.
Japanese Coast Guard ship JCGS Itsukushima arrived at Chennai Port on July 7, 2025, as part of its Global Ocean Voyage.
Activities during six-day visit:
- Joint training programs
- Sea exercise ‘Jaa Mata’
- Official meetings with senior officers
Objective: Strengthen India-Japan maritime security cooperation in line with SAGAR and Indo-Pacific Oceans Initiative.
Namibia awarded PM Narendra Modi the Order of the Most Ancient Welwitschia Mirabilis, its highest civilian award, on July 9, 2025.
The award, presented by President Netumbo Nandi-Ndaitwah, recognizes:
- Leadership in global cooperation
- Strengthening India-Namibia ties
Modi dedicated the honour to the people of India.
This marks PM Modi’s 27th international recognition from a foreign nation since May 2014.
Marathi writer Sarankumar Limbale has been selected for the Chintha Raveendran Award 2025.
Award Details:
- ₹50,000 cash prize
- Memento and citation
Ceremony scheduled on July 26, Kozhikode, during Chintha Raveendran commemoration.
Limbale is celebrated for his Dalit literature contributions and promoting social justice.
A book titled “Das Paise ka Postcard” by S.N. Ahmed, a retired Indian Army officer, was launched on July 10, 2025, in Hyderabad.
Key Highlights:
- Celebrates the emotional value of handwritten postcards
- Launched by actor-director Vinay Varma
- Soon to be adapted into a stage play, rekindling nostalgic memories
Dr. Lavanya R. Mundayur, AIC head, highlighted PMFBY’s decade-long progress:
- Increased coverage for non-loanee farmers
- Overall growth plateau in recent years
Suggested Improvements:
- Greater central funding
- National-level model
- Independent third-party audits
Launched on June 30, 2025, to promote women entrepreneurship.
Key Aspects:
- Establishment of 9,034 ATOM kiosks in Urban Local Bodies
- Managed by Self-Help Group women
- Each kiosk provides 250+ public services
Support Measures:
- Training and loans of ₹2–2.5 lakh
- Goal: One Family, One Entrepreneur mission for urban empowerment
Held on July 7, 2025, in New Delhi, led by Union Minister Shivraj Singh Chouhan.
Emphasis on:
- Research and technology
- Field programs like Viksit Krishi Sankalp Abhiyan
Highlight: UP’s success in Accelerated Maize Development Program.
Maize is seen as key to ethanol production, livestock feed, and climate-smart agriculture.
Minister Harsh Malhotra opened the event on July 10 at Yashobhoomi, Delhi.
Focus Areas:
- Clean mobility transition
- EV adoption and battery tech innovation
- Schemes like FAME-II and PM e-Drive
Goal: Contribute to Net Zero by 2070 and 500 GW green energy by 2030.
💼 Business & Economy
From July 16, 2025, all government transactions over ₹75 crore must be processed through the RBI’s e-Kuber system.
Previous threshold: ₹500 crore; later reduced to ₹100 crore for certain cases.
Advantages:
- Greater transparency
- Real-time tracking
- Faster reconciliation within 24 hours
Future Plan: Limit may drop to ₹50 crore next year to boost financial efficiency.
PSU banks aim to generate ₹45,000 crore via Qualified Institutional Placements (QIP) during FY26, starting with SBI.
Government Strategy:
- Completing IDBI Bank disinvestment by October 2025
- Selling stakes in several other PSU banks
These steps align with the ₹47,000 crore disinvestment target in Union Budget 2025–26, promoting capital strengthening and private investment in banking.
Nvidia has become the first publicly listed company to cross $4 trillion market capitalization.
The achievement follows a 1,350% surge in stock price since October 2022.
Nvidia now dominates the S&P 500 index, surpassing other tech leaders like Microsoft, Apple, and Amazon.
This milestone reflects the crucial role of tech companies in global markets and the expanding influence of AI and semiconductor industries.
🌐 International News
During PM Modi’s state visit to Namibia on July 9, 2025, India and Namibia signed:
- MoU to establish an Entrepreneurship Development Center
- MoU for cooperation in health and medicine
Namibia joined:
- Coalition for Disaster Resilient Infrastructure (CDRI)
- Global Biofuels Alliance (GBA)
Namibia became the first nation to adopt India’s UPI technology through a licensing agreement, signaling a leap in digital financial collaboration.
🔬 Science & Technology
On July 9, 2025, Swissmedic approved Novartis’s malaria treatment for infants (2–5 kg).
Significance:
- Targets malaria, which caused 95% of global deaths in Africa (2023)
- To be distributed at no profit in malaria-endemic nations
The Ministry of Information and Broadcasting introduced Kalaa Setu Challenge under WaveX platform.
Objective: Invite AI startups to create regional language media tools.
Deadlines:
- Bhasha Setu translation challenge closes July 22
- Kalaa Setu submissions by July 30
Rollout of Smart Mosquito Surveillance System (SMoSS) in 66 sites across six cities.
Uses:
- Sensors, drones, hospital data, and apps for mosquito control
Aim: Combat dengue and malaria, and provide real-time alerts and mapping.
Found in Baksa district, named after botanist Jatindra Sarma’s mother.
Features:
- Evergreen species with unique flowers and fruits
- Known for culinary and medicinal uses
Adds to Assam’s 12 Garcinia species, enriching India’s botanical diversity.
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