Daily Current Affairs 1st July 2025: Your guide for daily General Knowledge Preparation
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This post contains the daily current affairs 1st July 2025. It includes all National, International, Business & Sports related to Current Affairs 1st July 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 1st July, 2025 Current affairs test.
National News
Why the ECI Is Cleaning the Political Register: Strengthening Electoral Integrity
- The Election Commission of India (ECI) has initiated a major reform by removing 345 Registered Unrecognised Political Parties (RUPPs) that have neither contested elections since 2019 nor can be traced.
- These parties, registered under Section 29A of the Representation of the People Act, 1951, often exploit privileges such as tax benefits, common election symbols, and star campaigner status, despite remaining inactive.
- Although the ECI lacks clear authority to de-register parties, the removal process is based on non-compliance and absence of functional existence.
- Reform recommendations from bodies like the Law Commission and the ECI’s 2016 Memorandum advocate amendments to the RP Act for formal de-registration powers.
- This move aims to increase electoral transparency and prevent misuse of government provisions.
India’s First Wooden Gurdwara Opens in Fazilka: A Blend of Faith and Innovation
- Sri Nanak Niwas, India’s first wooden Gurdwara, has been constructed in Fazilka, Punjab, representing a union of spiritual devotion, architectural creativity, and sustainable design.
- Made from Finnish Deodhar wood, this Gurdwara was conceptualized and built in just three months by SSP Bhupinder Singh Sidhu.
- The shrine attracts devotees worldwide, conducts daily rituals, and promotes community unity and resilience.
- It serves as an example of eco-friendly religious architecture and inclusive cultural heritage.
Indian Railways Upgrades Ticketing System: Smarter Charting, Tatkal Rules & Modern PRS by 2025
- The Indian Railways has introduced a set of reforms to modernize reservations, improve transparency, and enhance efficiency.
- Key reforms include:
- Charting of waitlisted tickets will now occur 8 hours before departure (or by 9 PM for morning trains), reducing uncertainty for passengers.
- A Modern Passenger Reservation System (PRS) by December 2025 will increase booking capacity fivefold and enquiry capacity tenfold, offering features such as seat selection, fare calendar, and multilingual support.
- From July 1, 2025, Tatkal bookings will be allowed only for verified users using OTP and DigiLocker, to curb fraud and ensure fairness.
International News
QUAD Launches First At-Sea Observer Mission for Maritime Security
- The QUAD nations—India, Japan, the US, and Australia—have launched their first ‘At-Sea Observer Mission’, a major step in maritime security cooperation under the Wilmington Declaration.
- Conducted aboard the USCGC Stratton, this mission included cross-deck participation of officers, including women, from all four nations.
- The mission’s goal is to strengthen interoperability, uphold a rules-based Indo-Pacific order, and support India’s SAGAR vision and Indo-Pacific Oceans Initiative.
- As maritime challenges increase, the initiative boosts mutual trust, operational readiness, and future QUAD coast guard collaborations.
Banking News
SBI to Solarize 4 Million Indian Homes by FY27
- State Bank of India (SBI) has introduced a Solar Rooftop Programme to install solar power systems in 4 million households by FY27.
- This aligns with India’s Net Zero 2070 commitment and illustrates SBI’s transition from a banking leader to a driver of sustainable development.
- SBI has already made ₹610 crore in social investments, highlighting its focus on green finance, CSR, and sustainable infrastructure.
India’s Banking GNPAs Drop to Historic Low of 2.3%: RBI Report
- According to the RBI’s Financial Stability Report, gross non-performing assets (GNPAs) fell to 2.3% in March 2025, a multi-decade low.
- Improvement drivers include loan write-offs, lower slippage ratios, and regulatory measures, though GNPAs may rise to 2.6% by FY27.
- Key insights:
- Agriculture sector still records the highest NPAs.
- Public sector banks are facing stress in credit card lending.
- Top-100 large borrowers showed zero NPA cases.
- This reflects both sectoral strength and emerging risk factors.
Bank Lending to Industry Slows to 4.9% Amid Economic Caution
- RBI’s sectoral credit data (as of May 30, 2025) shows industrial credit growth at just 4.9%, with personal loans, services, and NBFC lending also slowing.
- Exceptions include medium enterprises and renewable energy, which saw robust lending.
- This indicates conservative credit practices and low investment appetite in the economy.
Economy News
GST Collections Hit Record ₹22.08 Lakh Crore in FY25
- India’s gross GST revenue reached ₹22.08 lakh crore in FY25, up 9.4% year-on-year, and nearly double FY21 figures.
- Highlights:
- Average monthly collections increased significantly.
- Taxpayer base expanded to 1.51 crore.
- This milestone underscores India’s progress in fiscal consolidation and tax transparency, celebrating 8 years of GST implementation.
Commercial Vehicle Industry Forecasted to Grow 3–5% in FY26: ICRA
- According to ICRA, India’s commercial vehicle sector is projected to grow by 3–5% in FY26.
- Growth drivers:
- Revival in infrastructure, construction, and mining activity.
- Segment outlook:
- Buses to see 8–10% growth, outpacing M&HCV and LCV trucks.
- Challenges include high inventories, geopolitical tensions, and demand for pre-owned vehicles.
Business News
Reliance Infra & Coastal Mechanics to Establish Defence MRO Hub
- Reliance Defence and Coastal Mechanics Inc. have formed a joint venture to build a Maintenance, Repair, and Overhaul (MRO) facility in Nagpur.
- Purpose:
- Modernize platforms like Jaguar, MiG-29, Apache helicopters, and L-70 guns.
- Industry context:
- India’s defence production reached ₹1.46 trillion in FY25, with exports at ₹24,000 crore.
- This supports Atmanirbhar Bharat and Reliance’s target of ₹3,000 crore in defence exports by 2027, possibly enabling future US contracts via FMS.
Defense News
Rear Admiral V Ganapathy Takes Over MILIT Pune
- Rear Admiral V Ganapathy has assumed charge as Commandant of the Military Institute of Technology (MILIT), Pune, India’s leading tri-services training institute.
- His tenure focuses on innovation, inter-service synergy, and advanced military tech training, aligning with India’s modernization and joint warfare needs.
Ranks & Reports News
India Sees 78% Drop in Under-Five Mortality Rate: UN IGME 2024
- India recorded a 78% decline in under-five mortality, surpassing the global average drop of 61%, as per UN IGME 2024.
- Neonatal mortality fell by 70%, thanks to the Universal Immunization Programme (UIP).
- This achievement reflects inclusive health strategies and outreach to marginalized communities, strengthening India’s role in global health leadership.
Summits & Conferences
India Hosts First ASEAN–India Cruise Dialogue
- The first ASEAN–India Cruise Dialogue was held in Chennai, with 30+ delegates from ASEAN countries and Timor Leste.
- Objectives:
- Enhance maritime cooperation, develop cruise tourism circuits, and integrate efforts with Sagarmala, Act East Policy, and Viksit Bharat 2047.
- Goal: Make India a cruise tourism hub in the Indo-Pacific.
Science & Technology
Ladakh Organizes Its First Astro Tourism Festival
- Ladakh hosted its inaugural Astro Tourism Festival in Leh, in collaboration with the Indian Institute of Astrophysics.
- Activities included night sky observation, expert talks, and educational outreach, promoting scientific awareness and sustainable tourism.
- Ladakh’s clear skies and low light pollution make it an ideal destination for astro-tourism development.
Important Days
World Asteroid Day (June 30)
- Observed on June 30 to commemorate the 1908 Tunguska explosion.
- Aims to raise awareness about asteroid threats and planetary defense.
- Backed by the UN, it highlights missions like NASA’s DART and events such as the 2029 Apophis flyby.
SBI Turns 70: Celebrating Banking Excellence
- On July 1, 2025, State Bank of India (SBI) marks 70 years since its establishment in 1955 after nationalizing the Imperial Bank of India.
- Key facts:
- Originates from 1806.
- Now India’s largest bank with ₹61 trillion in assets and over 50 crore customers.
- Recognized for digital innovation and strong global presence.
National Chartered Accountants Day (July 1)
- Celebrated on July 1 to honor the Institute of Chartered Accountants of India (ICAI), established 76 years ago.
- Acknowledges the role of CAs in auditing, taxation, compliance, and economic growth.
Goods and Services Tax (GST) Day (July 1)
- Marks the launch of GST in 2017, a major reform simplifying India’s indirect tax system.
- Features:
- Dual model (CGST, SGST, IGST).
- ITC (Input Tax Credit) and compliance via GSTN.
- Five tax slabs: 0%, 5%, 12%, 18%, 28% plus cess on sin goods.
- GST improved tax transparency and reduced cascading taxes, boosting compliance.