Daily Current Affairs – 1st July 2025

Here’s your detailed Daily Current Affairs – 1st July 2025 roundup, covering all key sectors for exam prep (UPSC, SSC, banking, etc.). Each section ends with a quiz; test yourself!

Banking, Finance & Business

1. India–US Interim Trade Deal
   India is set to finalize a short-term trade pact with the U.S. this week, avoiding possible U.S. tariffs up to 26%. This is a precursor to a larger deal by autumn, involving mutual tariff cuts and more U.S. natural gas imports.

2. Gold Prices Surge
   Gold rates jumped ₹500/10 g on MCX, worrying buyers. The rise is driven by global pressures, currency shifts, and investor sentiment.

3. IPO Market Gaining Strength
   IPOs are rebounding: companies like NSDL and Credila plan to raise $2.4 billion in July, after $2 billion last month .

4. SBI’s 70th Anniversary
   State Bank of India completes 70 years on 1 July. Today it serves 1 in 3 Indians, processes over 90% transactions digitally, and earned ₹77,561 Cr profit in FY25.

Quiz:

1. Which countries are set to finalize an interim trade deal?

2. By how much did gold prices rise per 10 g?

3. Name two companies planning IPOs in July.

4. What key milestone does SBI celebrate on 1 July?

National & State Policy

1. New Regulations from 1 July
   Aadhaar now mandatory for new PAN and Tatkal bookings. Bank charges, IRCTC waitlist rules, and railway fare hike announced. Delhi bans aged vehicles. RBI extends call money hours.

2. Maharashtra Transport Strike
   Private bus and truck operators began strike protesting e-challan system penalties.

3. Teacher Posts in Rajasthan
   English-medium government schools to receive new teachers; special selection and postings are underway.

4. 72 INACTIVE Political Parties Deregistered
   Election Commission removed 345 inactive parties from its register to improve election integrity.

Quiz:

1. Name two new requirements effective 1 July.

2. Why did Maharashtra transporters strike?

3. What action did the ECI take and against whom?

International Relations & Environment

1. Quad Foreign Ministers Meeting (1 July)
   U.S. Secretary states hosts Quad foreign ministers from India, Australia, and Japan to discuss regional strategy.

2. International Day of the Tropics (29 June)
   Highlights biodiversity, climate challenges, and global importance of tropical areas.

3. Myanmar Earthquake Relief (Operation Brahma)
   Ongoing since March, focusing on medical aid and rescue operations, with 2,500+ patients treated.

Quiz:

1. Which ministers met under the Quad on 1 July?

2. Why the significance of International Day of the Tropics?

3. Name India’s earthquake relief mission in Myanmar.

Defense & Security

1. Parag Jain Appointed RAW Chief
   IPS Parag Jain (Punjab cadre) becomes R&AW Secretary on 1 July. He led key operations like Sindoor.

2. Santhal Revolt Remembrance (30 June)
   On Hul Diwas, India commemorated 170 years of tribal rebellion against British exploitation led by Sidhu–Kanhu.

3. Operation Black Forest Successful
   Anti-Naxal operation on Chhattisgarh–Telangana border concluded in May with 31 Maoists killed and weapons seized.

Quiz:

1. Who became RAW chief on 1 July?

2. Which revolt is remembered on 30 June and who led it?

3. What was Operation Black Forest about?

Science & Technology

1. New Plant Species: Begonia nyishiorum
   Discovered in East Kameng, Arunachal Pradesh — named to honor the Nyishi community.

2. GoIStats App Launched
   Issued by National Sample Survey Office (MoSPI), provides updated government statistics.

Quiz:

1. Where was Begonia nyishiorum found?

2. Which body released the GoIStats app?

Reports & Economics

1. RBI’s Financial Conditions Index Proposed
   RBI plans a daily FCI using 20 indicators to monitor market liquidity and stability.

2. 8 Years of GST
   Since its launch on 1 July 2017: GST taxbase reached 1.45 crore, avg collection ₹1.65 L crore, IGST refunds automated.

Quiz:

1. What does RBI’s FCI track?

2. On which date was GST introduced and how many taxpayers are currently registered?

Sports & Culture

(No notable entries for 1 July found today)

Important Days & Observances

• National Doctors’ Day (India) – 1 July, honoring Dr. Bidhan Chandra Roy and highlighting Anandi Bai Joshi’s story.

• Chartered Accountants’ Day – 1 July, celebrating ICAI’s founding in 1949.

Quiz:

1. Which doctor is honored on 1 July in India?

2. What is the significance of Chartered Accountant’s Day?

Overall Quiz

1. What is the interim trade deal India is finalising about?

2. What are RBI’s proposed FCI components?

3. Who became RAW chief on 1 July 2025?

4. Name two observances on 1 July.

Relevant Articles

• Daily Current Affairs Quiz – 30th June
• Weekly Current Affairs Compilation – 22nd to 29th June