Daily GK 24th July 2025

Daily Current Affairs 24th July 2025: Your guide for daily General Knowledge Preparation

Dear Readers,
This post contains the daily current affairs 24th July 2025. It includes all National, International, Business & Sports related to Current Affairs 24th 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 24th July, 2025 Current affairs test.

 

International News

China Initiates Construction of the World’s Largest Dam on the Yarlung Tsangpo (Brahmaputra)

• China has begun work on the Motuo Hydropower Station along the Yarlung Tsangpo River, which transforms into the Brahmaputra as it enters India.
• The project is set to become the largest dam in the world and is estimated to cost $167 billion.
• It includes diverting the river through tunnels to generate energy across five cascading power stations.
• While the initiative is part of China’s clean energy agenda, it raises geopolitical alarms in India and Bangladesh.
• Concerns include:
  • Possible manipulation of water flow and its strategic use.
  • Adverse impacts on biodiversity and livelihoods downstream.
  • Risks posed by earthquake-prone zones where the dam is located.
• This project stands at the intersection of geo-environmental sustainability and international river-sharing politics.

Banking News

SBI Named World’s Best Consumer Bank 2025

• The State Bank of India (SBI) has been recognized as the World’s Best Consumer Bank 2025 by Global Finance magazine.
• This prestigious award credits SBI’s:
  • Digital transformation and innovation.
  • Features like vernacular voice banking, omnichannel presence, and AI-powered personalized services.
• Emphasis was laid on its inclusive approach, especially in rural and semi-urban India.
• This honor underlines India’s growing global recognition in financial technology and retail banking.

Public Sector Banks Report 1,629 Wilful Defaulters Worth ₹1.62 Trillion

• As of March 31, 2025, Public Sector Banks (PSBs) have flagged 1,629 wilful defaulters, amounting to ₹1.62 trillion in unpaid dues.
• The Union Finance Ministry confirmed intensified efforts to recover these funds through:
  • SARFAESI Act enforcement.
  • Proceedings under the Insolvency and Bankruptcy Code (IBC).
  • Credit bureau disclosures via CIBIL and Experian.
• These defaults remain a significant systemic risk, amid concerns of slowing deposits and rising NPAs.

Economy News

India Maintains Status as World’s Fastest-Growing Economy: ADB Forecast

• According to the Asian Development Bank (ADB):
  • India’s GDP is forecasted to grow at 6.5% in 2025 and 6.7% in 2026.
• Growth drivers include:
  • Robust domestic consumption.
  • A normal monsoon season.
  • Anticipated monetary policy easing.
• Inflation outlook:
  • Consumer Price Index (CPI) recorded its lowest level in six years in June.
  • Projected to stay within RBI’s target band.
• While growth in other Asia-Pacific economies is moderating due to global tensions, India continues to lead the global growth charts.

Defense News

Indian Coast Guard Inducts ‘Samudra Prachet’ – Final Pollution Control Vessel

• On July 23, 2025, the Indian Coast Guard launched ‘Samudra Prachet’, the final ship in the Pollution Control Vessel (PCV) series built by Goa Shipyard Ltd (GSL).
• Key specs and roles:
  • Displacement of 4,170 tonnes.
  • Equipped with state-of-the-art oil spill and pollution response systems.
• Strategic value:
  • Supports Atmanirbhar Bharat initiative.
  • Aligns with MARPOL environmental obligations.
  • Enhances India’s capability to handle marine pollution within its Exclusive Economic Zone (EEZ).

Ranks & Reports News

Mumbai Airport in World’s Top 10 for Third Straight Year

• Chhatrapati Shivaji Maharaj International Airport (CSMIA) has once again ranked among the top 10 international airports globally.
• It secured this spot in the Travel + Leisure World’s Best Awards 2025, earning a reader score of 84.23.
• Highlights:
  • It is India’s busiest single-runway airport, handling over 55 million passengers annually.
  • Provides direct access to 121 destinations worldwide.
  • The airport’s digital upgrades and award-winning customer service contributed to this recognition.
  • Operated by the Adani Group, it continues to set global benchmarks.

India’s Passport Makes Its Biggest Leap Ever in 2025 Henley Index

• India’s passport ranking improved from 85th to 77th in the Henley Passport Index 2025, marking its largest single-year gain.
• Indian passport holders now enjoy:
  • Visa-free or visa-on-arrival access to 59 countries, including:
    • Malaysia, Thailand, Maldives, and Sri Lanka.
• The improvement is attributed to enhanced diplomatic ties and proactive global outreach.
• Despite the gain, there is still a mobility gap compared to countries like Singapore, which tops the list with access to 193 destinations.

Important Days News

Income Tax Day – July 24

• Commemorates the introduction of Income Tax in India in 1860.
• Celebrates India’s evolution from colonial tax systems to a modern digital framework.
• Highlights include:
  • Adoption of TIN 2.0, Faceless Assessments, and AIS (Annual Information Statement).
  • Use of Nudge Theory and an updated ITR filing window to encourage voluntary tax compliance.
  • The country has seen its gross direct tax collections double over the past five years.