Daily Current Affairs 5th July 2025: Your guide for daily General Knowledge Preparation
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This post contains the daily current affairs 5th July 2025. It includes all National, International, Business & Sports related to Current Affairs 5th 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 5th July, 2025 Current affairs test.
National News
Government Reduces Toll Charges on Key Highways by 50%
- On July 2, 2025, the Ministry of Road Transport and Highways (MoRTH) revised its toll structure for national highways.
- The updated policy reduces toll rates by up to 50% on sections that include tunnels, bridges, flyovers, and elevated corridors.
- The new calculation formula considers the lower value between two metrics for toll determination.
- A senior official from NHAI stated that this step will benefit the public and improve the efficiency of infrastructure systems.
- The revision aims to reduce travel costs and encourage greater use of highways with major structural features.
State News
Puri to Become Odisha’s Sixth Municipal Corporation
- Chief Minister Mohan Charan Majhi announced on July 5, 2025, that Puri will soon be declared the sixth municipal corporation in Odisha.
- The announcement came just before the Bahuda Yatra, a significant religious event.
- The move targets enhancing civic services in Puri, which hosts millions of pilgrims and tourists annually.
- Additional areas around Puri city will be incorporated into this new corporation.
- The state government also unveiled plans for a Jagannath Museum, Library, and Research Centre to preserve and promote Odia culture.
- This development aligns with Odisha’s vision to make Puri a premier tourist and spiritual hub by 2036.
International News
EU Announces 2040 Climate Goal with Flexibility
- On July 2, 2025, the European Union (EU) introduced its climate strategy for 2040, aiming to cut greenhouse gas emissions by 90%.
- The plan aligns with the EU’s long-term goal of achieving carbon neutrality by 2050.
- To attract broader support, the strategy includes a provision allowing the use of international carbon credits (up to 3%) starting in 2036.
- Climate activists expressed concerns that this flexibility might dilute the overall impact.
- EU leaders, including Wopke Hoekstra and Ursula von der Leyen, defended the plan as both ambitious and practical.
- The proposal will undergo discussions in July, followed by a vote in September, with the aim to finalize it before COP30 in Brazil.
Banking News
RBI Mandates New Fraud Detection System for Banks
- On June 30, 2025, the Reserve Bank of India (RBI) instructed all banks—including NBFCs and UPI platforms—to adopt the Financial Fraud Risk Indicator (FRI) developed by the Department of Telecommunications (DoT).
- The FRI system identifies fraud-prone mobile numbers by analyzing data from sources like NCRP, Chakshu, and banking reports.
- Major financial institutions and apps, such as HDFC Bank, ICICI Bank, PhonePe, and Paytm, have already implemented the system.
- This measure aims to strengthen cybersecurity, provide real-time fraud detection, and curb digital financial crimes.
SBI Adds $44 Billion to Global Economy
- In FY25, India contributed $297 billion to global GDP growth, accounting for 6.7% of the world’s economic expansion, as per SBI Research.
- Out of this, the State Bank of India (SBI) alone contributed $44 billion, representing 1.1% of global growth and 16% of India’s share.
- Additionally, SBI added ₹1.38 lakh crore in value to India’s financial services sector.
- These figures underscore India’s rising global economic influence and the critical role of its major banks.
Mashreq Becomes First UAE Bank to Enter GIFT City
- Mashreq Bank, a leading UAE financial institution, received IFSCA’s in-principle approval to establish an International Banking Unit (IBU) in GIFT City, Gujarat.
- This marks the first UAE-based bank entry into India’s international financial hub.
- The new branch, expected by Q4 2025, will offer foreign currency loans, trade finance, and risk management services.
- Supported by the UAE Central Bank and Indian authorities, this move will strengthen UAE–India financial relations and bolster India’s position as a global financial hub.
Business News
Microsoft Closes Pakistan Office After 25 Years
- On July 4, 2025, Microsoft announced the closure of its Pakistan office as part of a global restructuring plan.
- This decision follows 9,100 global job cuts and a strategic shift toward a cloud-centric business model.
- Microsoft will now rely more on local partners for operations in Pakistan.
- Industry experts, including Jawwad Rehman, and political leaders like Arif Alvi criticized the move as a negative signal for Pakistan’s economy, attributing it to instability and missed opportunities, with competitors like Vietnam gaining ground.
Agreements News
India and Trinidad & Tobago Sign Six Key Agreements
- On July 4, 2025, during PM Narendra Modi’s visit to Port of Spain, India and Trinidad & Tobago signed six agreements.
- These agreements aim to enhance collaboration in culture, pharmaceuticals, sports, and infrastructure development.
- PM Modi met PM Kamla Persad-Bissessar and President Christine Carla Kangaloo during the visit.
- He also announced OCI cards for sixth-generation Indian-origin individuals.
- This visit signifies a major step in strengthening bilateral relations and cooperation on global platforms.
Awards News
PM Modi Receives Trinidad and Tobago’s Highest Civilian Honour
- On July 4, 2025, PM Narendra Modi was awarded the Order of the Republic of Trinidad and Tobago, the country’s highest civilian award.
- The honor recognizes his leadership on global issues, support during the COVID-19 pandemic, and efforts to connect with the Indian diaspora.
- During this foreign tour, PM Modi also received the Officer of the Order of the Star of Ghana.
- These awards reflect India’s growing diplomatic influence and strong ties with partner nations.
S.R.N. Mehta School Wins NASA Contest
- S.R.N. Mehta CBSE School, located in Kalaburagi, secured the first prize in the NASA-NSS Space Settlement Design Contest 2025.
- The winning project, IRA, was designed by 11 students and presented at the ISDC-2025 in Orlando, USA.
- Students also visited the NASA Kennedy Space Center before returning to India on June 30, 2025.
- This achievement is a significant milestone for the school, the city, and the country.
Defense News
Sub Lt Aastha Poonia Becomes First Woman Navy Fighter Pilot Trainee
- Sub Lieutenant Aastha Poonia, from Meerut, has become the first female officer in the Indian Navy to train as a fighter pilot.
- She received the “Wings of Gold” during a ceremony in Visakhapatnam on July 3, 2025.
- Poonia will now undergo training to operate MiG-29K and Rafale M jets from aircraft carriers like INS Vikramaditya and INS Vikrant.
- This milestone emphasizes the Navy’s commitment to gender equality and expanding women’s roles in combat aviation.
Sports News
- Gukesh Wins Rapid Chess Title in Zagreb
- Indian Grandmaster D. Gukesh clinched the rapid title at the SuperUnited Rapid & Blitz 2025 tournament held in Zagreb, Croatia, on July 4, 2025.
- He scored 14 points, taking the lead in the Grand Chess Tour standings ahead of Jan-Krzysztof Duda (11 points) and Magnus Carlsen (10 points).
- The blitz rounds begin on July 5, and the overall champion will be decided based on combined scores from both formats.
Science & Technology News
Ananth Technologies to Launch India’s First Private Satellite Internet
- Ananth Technologies, a Hyderabad-based firm, will roll out India’s first privately-operated satellite broadband service by 2028.
- The company has secured approval from IN-SPACe, India’s space regulatory authority.
- The project involves launching a satellite into geostationary orbit (35,000 km above Earth) to deliver space-based internet services.
- Estimated at ₹3,000 crore, the initiative aims to extend broadband access to remote regions and compete with global giants like Starlink, OneWeb, and Amazon Kuiper.
- This development marks a significant shift in India’s space and telecom sectors, boosting private participation and connectivity.
Important Days News
International Day of Cooperatives 2025
- Celebrated on July 5, 2025, the International Day of Cooperatives (CoopsDay) coincides with the UN’s International Year of Cooperatives (IYC2025).
- The theme for 2025 is “Cooperatives: Driving Inclusive and Sustainable Solutions for a Better World”.
- The focus is on how cooperative models improve sectors like healthcare, agriculture, energy, and finance.
- Globally, there are over 3 million cooperatives, serving 12% of the world’s population and supporting 280 million jobs.
- In India, major cooperatives such as AMUL and IFFCO continue to empower communities and promote people-centric growth.
Obituaries News
Julian McMahon Passes Away at 56
- Julian McMahon, the Australian actor best known for roles in ‘Fantastic Four,’ ‘Nip/Tuck,’ and ‘Charmed,’ died at 56 in Florida after a long battle with cancer.
- His passing was confirmed on July 5, 2025, by his wife, Kelly McMahon, who praised his passion for life and devotion to fans.
- McMahon’s career began as a model, and he rose to fame as a TV and film star, ending his journey with a Netflix series (‘The Residence’) and a film showcased at the 2024 Cannes Film Festival.
- He was the son of former Australian Prime Minister Billy McMahon.