NATIONAL UPDATES:
1. Govt launches ‘GoIStats’ app for easy access to
official data on the Go: The
government has launched the
‘GoIStats’ mobile app, developed
by the National Sample Survey Office (NSO) under the Ministry of
Statistics and Programme Implementation, to provide stakeholders with seamless
access to official statistics on the go.The GoIStats app features an
interactive “Key Trends” dashboard with dynamic visualisations of critical
socio-economic indicators such as GDP, inflation, and employment, enhancing the
accessibility and user experience of official data.The Android version of
GoIStats is now available free on the Google Play Store, with an iOS version
expected soon, reflecting India’s commitment to making official statistics more
user-centric and widely accessible.
2. Jindal Steel Commissions Odisha’s First Continuous
Galvanising Line, Boosts Value-Added Steel Production: Jindal Steel has
commissioned its first continuous
galvanising line at the Angul integrated steel complex in Odisha as
part of a ₹3,400 crore investment in a cold rolling mill complex, marking a
significant step in expanding its value-added steel product portfolio.The new
galvanising line will produce galvanised and galvalume products under the
Jindal Panther Galvanised and Zinkalume brands, catering to key sectors
including appliances, automotive, infrastructure, and construction
industries.With this commissioning, Jindal Steel aims to boost its downstream capabilities
for higher-margin products, while the crude steel capacity at Angul is set to
rise to 12 million tonnes per annum by the end of 2025 as the company adds
another 6 mtpa.
3. 1 July – National Doctors’ Day: National Doctors’ Day in India is celebrated every year on 1st July to honour the invaluable
contributions of doctors and healthcare professionals in serving humanity.Theme
2025 – Behind the Mask: Who Heals
the HealersThe day commemorates the birth and death anniversary of Dr.
Bidhan Chandra Roy (B.C. Roy) — a renowned physician, freedom fighter,
educationist, and the second Chief Minister of West Bengal, who was awarded
Bharat Ratna in 1961.
INTERNATIONAL UPDATES:
1. Western Ghats Ecologically Sensitive
Areas: The Western
Ghats, a UNESCO World Heritage
site, are facing critical discussions on the designation of Ecologically
Sensitive Areas (ESAs). An expert panel is
actively reviewing proposals from Gujarat, Maharashtra, and Goa. This follows a
prolonged period of indecision concerning environmental protection in this
vital region. The panel, led by Sanjay Kumar, is considering separate
notifications for these states, which could expedite the protection process.
The Western Ghats stretch over six states in India. They are known for their
rich biodiversity and unique ecosystems. In 2012, the Madhav Gadgil report
proposed extensive ecological protection. This report suggested that the entire
region should be designated as ecologically sensitive. However, political
resistance has hindered its implementation. The panel is evaluating the extent
of ESAs in Gujarat, Maharashtra, and Goa. Reports indicate that Gujarat has the
least area designated as ESA. Maharashtra has been proactive in submitting
information, while Goa has also complied with the panel’s requests. The
committee aims to resolve these states’ issues before addressing the remaining
three states – Kerala, Karnataka, and Tamil Nadu.
2. India-Pakistan Prisoner Exchange: India and Pakistan
conducted their biannual exchange of prisoner lists. This exchange is part of
the Agreement on Consular Access established in 2008. It aims to enhance
transparency and cooperation regarding humanitarian issues between the two
nations. The lists included number of civilian prisoners and fishermen from
both sides. The Agreement on Consular Access was signed in 2008. It mandates
both countries to share lists of prisoners in their custody twice a year. This
initiative aims to address humanitarian concerns and improve relations. The
agreement reflects a commitment to uphold human rights and ensure the welfare
of prisoners.
3. Canada Scraps Digital Services Tax: Canada announced the
withdrawal of its Digital Services
Tax (DST) just before its
implementation. This decision came after pressure from the United States,
particularly from President Donald Trump. The DST was designed to impose a 3%
levy on revenues generated by foreign digital companies from Canadian users.
The tax was controversial due to its retroactive payments clause and the
potential financial burden it would impose on major American tech firms. The
Digital Services Tax was introduced to address the taxation gap for large
international tech companies operating in Canada. It aimed to collect a 3% tax
on revenues exceeding $20 million from Canadian users. The tax was intended to
ensure that digital companies contributed fairly to the Canadian economy.
However, its implementation was met with strong opposition from the US
government.
OTHER UPDATES:
DEFENCE
1. Parag Jain Appointed as New RAW Chief: Senior IPS officer Parag Jain has been appointed as
the new chief of the Research and Analysis Wing (RAW), succeeding
Ravi Sinha, who retires on June 30; Jain will serve a two-year tenure.Jain, a
1989-batch IPS officer from the Punjab cadre, currently heads RAW’s Aviation
Research Centre (ARC) and is the second senior-most officer in the agency.He
played a key role in intelligence operations during Operation Sindoor, launched
after the April 22 terrorist attack in Pahalgam, Jammu & Kashmir, which led
to retaliatory strikes by India.Jain’s extensive experience includes handling
the Pakistan desk, tenures in J&K during Article 370 abrogation, and stints
in Indian missions in Sri Lanka and Canada monitoring Khalistani terror
networks.
2. Reliance Infra, US Firm Seal ₹20,000 Crore Pact
to Modernise India’s Jets and Choppers: Reliance Defence Limited, backed by
Reliance Infrastructure, has signed
a strategic partnership with US-based Coastal Mechanics Inc (CMI) to
jointly address India’s ₹20,000 crore defence market for maintenance, repair,
overhaul (MRO), and upgrades of critical defence platforms.The collaboration
will focus on providing comprehensive MRO, upgrades, and lifecycle support for
key assets like over 100 Jaguar and MiG-29 fighter jets, Apache attack
helicopters, L-70 air defence guns, and other legacy systems needing
modernisation and long-term sustainment.A joint venture will be established at
MIHAN in Nagpur, Maharashtra, enabling the companies to offer end-to-end MRO
and upgrade services to the Indian Armed Forces and tap opportunities in both
domestic and export defence markets.
3. INS Udaygiri: On 1 July 2025, the
Indian Navy received INS Udaygiri, the second ship of Project
17A stealth frigates. This
delivery signifies a major advancement in India’s naval capabilities. Udaygiri
is built at Mazagon Dock Shipbuilders Limited, Mumbai, and is part of a series
of seven ships designed for modern naval warfare. The frigate is a successor to
the Shivalik class and is equipped to operate in a ‘Blue Water’ environment,
addressing both conventional and non-conventional threats. Project 17A is a
follow-on to the earlier Shivalik class (Project 17) frigates. The project
includes the construction of seven multi-mission frigates. These ships are
designed with enhanced stealth features and advanced weaponry. The capabilities
of the Project 17A frigates represent upgrade from their predecessors.
SPORTS
1. Lando Norris Clinches Austrian Grand Prix Victory: Lando Norris won
the Austrian Grand Prix,
overtaking his McLaren teammate Oscar Piastri in an intense battle and
converting his pole position into victory despite pressure; this marked Norris’
third win of the season and his first since the Monaco Grand Prix.The race saw
drama early on with Max Verstappen eliminated on the first lap, while Ferrari’s
Charles Leclerc finished third, Lewis Hamilton fourth, and Mercedes’ George
Russell fifth, signaling a strong return for Ferrari at the Red Bull Ring.
2. Ayush Shetty Wins First BWF World Tour Title at US
Open 2025: Ayush
Shetty clinched his maiden
BWF World Tour title by winning the US Open 2025, a BWF Super 300
tournament, defeating Canada’s World
No. 33 Brian Yang 21-18, 21-13 in a 47-minute final; his stellar
run also included a remarkable semifinal win over World No. 6 Chou Tien Chen,
avenging his earlier loss at the Taipei Open 2025.The 20-year-old fourth seed
started strong with victories over Denmark’s Magnus Johannesen, compatriot
Tharun Mannepalli, and Chinese Taipei’s Kuo Kuan Lin before his semifinal and
final triumphs, cementing his status as a rising star in Indian men’s
badminton.
In
women’s singles, 16-year-old Tanvi Sharma impressed the world by becoming the
youngest Indian to reach a BWF World Tour final, defeating multiple
higher-ranked opponents before narrowly losing to 34-year-old veteran Beiwen
Zhang 11-21, 21-16, 10-21, continuing her streak after two BWF International
Challenge titles and a final appearance at the Odisha Masters.
SCIENCE AND TECHNOLOGY
1. Om Birla inaugurated CPA Zone-2 conference on good
governance in digital era at Dharamshala: Lok
Sabha Speaker Om Birla has inaugurated the annual conference of
Zone-2 of the Commonwealth Parliamentary Association (CPA) at Tapovan,
Dharamshala. This zone includes the states of Delhi, Haryana, Himachal Pradesh,
Jammu and Kashmir, and Punjab.The Conference aims to serve as a vital platform
for strengthening democratic institutions, sharing best practices, and
exploring innovative approaches to governance and legislative functioning in
the contemporary era.
2. The theme of the Conference is – Good Governance in the Digital Era: Managing Resources, Defending Democracy, and Embracing Innovation. The
CPA is a global organisation that brings together parliamentarians to
strengthen parliamentary democracy.MiPhi
Becomes India’s First Homegrown Enterprise SSD Manufacturer, Boosting Digital
Sovereignty: MiPhi Semiconductors, a joint venture
between Micromax Informatics and Taiwan’s Phison Technology, has begun
designing and manufacturing enterprise-grade SSDs in India, becoming the
country’s first homegrown brand to produce such advanced storage solutions.The
company stated that this achievement marks a major milestone in India’s journey
toward digital sovereignty and technological leadership, showcasing Indian
innovation backed by engineering excellence and global collaboration.MiPhi’s enterprise
SSDs are purpose-built for data centres, high-performance computing, and
mission-critical environments, making it the only brand currently designing and
manufacturing enterprise SSDs entirely within India.
3. Italy Unveils iRonCub MK3: World’s First Jet-Powered
Flying Humanoid Robot for Disaster Response:
Italian researchers have unveiled iRonCub MK3, the world’s first
jet-powered flying humanoid robot, standing 3 feet tall, weighing 22 kg,
and controlled remotely; its child-like appearance has unsettled many viewers
online.Developed over two years by the Italian Institute of Technology, iRonCub
MK3 is designed with applications in disaster response, combining aerial
mobility with ground-based locomotion to assist in search and rescue missions
by clearing debris and locating victims.Researchers highlight that flying
humanoid robots like iRonCub MK3 could perform tasks in hazardous or
hard-to-reach environments, such as repairs on bridges’ undersides or
operations in areas affected by nuclear or chemical leaks; the robot has been
tested outdoors and in wind tunnels.
BANKING AND FINANCE
1. Bank of Baroda Launches bob Flexi Systematic Deposit
Plan: Bank of Baroda has launched the bob
Flexi Systematic Deposit Plan (SDP), a recurring deposit scheme
that combines disciplined savings with flexible monthly contributions, allowing
customers to deposit more based on their liquidity.The plan offers minimum
instalments starting at ₹500, with top-ups in multiples of ₹100, and customers
can increase deposits up to 10 times the base amount, capped at ₹1 lakh per
month.Senior citizens enjoy preferential interest rates on deposits below ₹3
crore, while the scheme also offers a loan or overdraft facility of up to 95%
of the outstanding balance.
Additional
features include nomination facilities for eligible account holders and the
option to open accounts for minors aged 10 years and above, with a deposit
limit of ₹1 lakh for minors.
2. PhonePe, HDFC Bank Launch Co-Branded RuPay Credit Card
with UPI Integration and High Rewards: PhonePe and HDFC Bank have
launched a co-branded RuPay credit
card—available in ‘Ultimo’ and ‘UNO’ variants—marking PhonePe’s entry
into the co-branded card segment with features designed for the evolving needs
of Indian digital consumers.The cards offer high rewards on PhonePe spends,
including up to 10% reward points on bill payments, recharges, travel bookings,
and purchases on Pincode (PhonePe’s hyperlocal delivery app), plus seamless UPI
integration for payments via the PhonePe platform.
3. India’s GST Collections Double in Five Years to
Record ₹22.08 Lakh Crore: Gross GST collection reached a record ₹08 lakh crore in FY 2024-25, doubling
from ₹11.37 lakh crore in FY 2020-21, with average monthly collections rising
to ₹1.84 lakh crore in FY25 from ₹1.68 lakh crore in FY24 and ₹1.51 lakh crore
in FY22, reflecting strong revenue growth.GST recorded its highest-ever monthly
collection of ₹37 lakh crore in April 2025, followed by ₹2.01 lakh crore in May
2025; June’s numbers are expected to be released on July 1, 2025.Since GST’s
rollout on July 1, 2017, the number of registered taxpayers has more than
doubled from 65 lakh to over 1.51 crore by 2025, demonstrating significant
expansion of the tax base over eight years.By subsuming 17 local taxes and 13
cesses into a unified five-tier structure, GST has simplified India’s indirect
tax regime, improved transparency, and strengthened the country’s fiscal
position, according to the government’s statement on eight years of GST.
4. States/UTs to borrow Rs 2.86 lakh crore in Jul-Sep quarter: RBI: States and Union Territories in India will raise approximately ₹86 lakh crore from the markets during the July–September 2025 quarter, as per the Reserve Bank of India’s plan finalised after consultations with state governments and UTs.The borrowing drive begins on July 1, with ₹18,100 crore to be raised by 10 states, including Maharashtra (₹6,000 crore), Andhra Pradesh (₹2,000 crore), Kerala (₹2,000 crore), Tamil Nadu (₹2,000 crore), and others.Of the gross market borrowing budgeted at ₹82 lakh crore for FY 2025-26, ₹8.00 lakh crore (54%) is set to be borrowed in the first half of the fiscal through 26 weekly auctions of dated securities spanning maturities from 3 to 50 years.The borrowing distribution will include 10-year securities (26.2%), 15-year and 40-year securities (each at 14%), along with smaller shares in other tenures, ensuring a balanced debt profile across different durations.
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