NATIONAL UPDATES:
1. NITI Aayog Unveils Roadmap to Unlock $200 Billion EV
Opportunity in India: NITI Aayog launched a report titled “Unlocking
a $200 Billion Opportunity: Electric Vehicles in India,” highlighting
strategic recommendations and challenges to accelerate India’s transition
towards electric mobility. The report was released by senior officials,
including Rajiv Gauba and B. V. R. Subrahmanyam.India aims for 30% EV share in
total vehicle sales by 2030, with EV sales rising sharply from 50,000 units in
2016 to 2.08 million in 2024. However, further policy push and acceleration are
needed to meet targets.The report was developed through seven stakeholder
consultations and focuses on data-driven decision-making, national-level
coordination, and cross-sector collaboration to unlock the full potential of
the EV ecosystem.EV penetration in India has improved from one-fifth of the
global level in 2020 to over two-fifths in 2024, showing progress but also
emphasising the need for continued efforts to achieve large-scale adoption and
tap into the projected $200 billion opportunity.
2. NITI Aayog Launches India’s First Electric Mobility
Index to Track State-Wise EV Progress: NITI Aayog has launched the India Electric Mobility Index (IEMI),
a first-of-its-kind tool designed to evaluate and benchmark the progress of
States and Union Territories (UTs) in their transition towards electric
mobility.The IEMI scores states and UTs out of 100 across 16 indicators under
three core themes: Transport Electrification Progress (demand-side), Charging
Infrastructure Readiness (support system), and EV Research & Innovation
Status (supply-side ecosystem).The Index aims to drive informed
decision-making, foster healthy competition among states, and encourage
knowledge-sharing of best practices, helping align local actions with India’s
national net-zero target by 2070.IEMI emphasizes the need for state-level
coordination, integrated planning, and cross-sectoral collaboration,
highlighting the critical role of states in deploying inclusive EV policies and
infrastructure development.
3. Former J&K Governor Satyapal Malik dies: Satyapal Malik, former
Governor of Jammu and Kashmir, passed
away at the age of 79 in New Delhi after a prolonged illness.He
served as the last Governor of the erstwhile state of Jammu and Kashmir from
August 2018 to October 2019, during which Article 370 was abrogated and the
state was reorganised into two Union Territories.
Malik’s
political career spanned over four decades, during which he held roles such as
MLA in Uttar Pradesh (1974–77), Rajya Sabha MP (1980–84, 1986–89), and Lok
Sabha MP (1989–91). He also served as Union Minister of State for Parliamentary
Affairs and Tourism in 1990.Before his J&K posting, he was appointed as the
Governor of Bihar in 2017 and later also served as Governor of Goa and
Meghalaya. Former J&K Governor Satyapal Malik dies at 79 after prolonged
illness
4. Nilgiri Tahr Population Surges: The 2025 joint census of
Nilgiri tahr populations in Kerala and Tamil Nadu has recorded 2,668
individuals. Kerala accounts for 1,365 tahrs while Tamil Nadu has 1,303. This
growth marks successful conservation efforts and calls for enhanced interstate
collaboration. Controlled burning in ENP grasslands has been very important in
sustaining the tahr population. This rotational burning is conducted every
three years over 97 sq km to maintain nutritious grasslands suitable for
grazing. Animals are temporarily relocated during burning to protect them. This
practice, based on traditional knowledge from the Muthuvan tribal community,
promotes fresh grass growth and enhances food security and reproductive success
among tahrs. Nilgiri tahrs form a major prey base for apex predators such as
tigers and leopards within ENP. Predator presence helps regulate tahr numbers
naturally. The availability of prey inside the park reduces predator movement
into human habitations, lowering human-wildlife conflict. The park’s ecosystem
also supports species like dholes, Nilgiri langurs, and lion-tailed macaques,
reflecting rich biodiversity.
INTERNATIONAL UPDATES:
1. India Becomes World’s 5th Largest Aviation Market in
2024: IATA Report: India ranked as the world’s
fifth-largest aviation market in 2024, handling 241 million air passengers, surpassing
Japan, and witnessing an 11.1% growth in passenger volume compared to 2023.The
Mumbai–Delhi air route became the 7th busiest airport pair globally, carrying
5.9 million passengers in 2024; the Asia-Pacific region dominated the list of
top airport routes.The US remained the largest aviation market with 876 million
passengers, followed by China (741 million), UK (261 million), and Spain (241
million), as per IATA’s World Air Transport Statistics (WATS) 2024.Premium
class international travel (business and first class) saw a global growth of
11.8%, with Asia-Pacific leading the surge at 22.8%, though economy travel in
the region grew even faster at 28.6%.Among aircraft types, Boeing’s B737 was
the most-used plane globally in 2024 with 10 million flights, followed by the
Airbus A320 (7.9 million flights) and Airbus A321 (3.4 million flights),
reflecting ongoing dominance of narrow-body aircraft.
2. 6 August – Hiroshima Day: Hiroshima Day is
observed on 6th August every year to
mark the anniversary of the atomic bombing of Hiroshima by the United States in
1945 during World War II.On this day, a uranium bomb code-named “Little Boy”
was dropped by the US B-29 bomber “Enola Gay”, instantly killing over 70,000
people and causing long-term suffering due to radiation.
The
bombing of Hiroshima was followed by the bombing of Nagasaki on 9th August,
leading to Japan’s surrender and the eventual end of World War II.Hiroshima Day
serves as a global symbol of peace, reminding the world of the catastrophic
consequences of nuclear warfare and urging nations to promote nuclear
disarmament.
3. New Rain Snake Species: Recent research from
Mizoram University and Help Earth, a Guwahati-based conservation group, has
identified a new species of rain snake in Mizoram’s elevated tropical forests.
Named Smithophis leptofasciatus, or the narrow-banded rain snake, this
discovery adds to the biodiversity of the region and expands knowledge of the
genus Smithophis. The narrow-banded rain snake was described after detailed
morphological and molecular studies of collected specimens and live
observations. It was previously mistaken for Smithophis bicolor but has been
confirmed as a genetically and physically distinct species. The species name
leptofasciatus means ‘narrow-banded’, referring to its unique creamish-white or
yellowish-lime bands on a shiny black body. Smithophis leptofasciatus has
narrow, incomplete transverse bands unlike its close relatives. Its body is
glossy black with distinct cream or yellowish stripes. These markings help
distinguish it from other species in the Smithophis genus. The snake is
non-venomous and semi-aquatic in nature.
OTHER UPDATES:
SPORTS
1. Magnus Carlsen Clinches Inaugural Chess Esports World
Cup Title with Dominant Win Over Firouzja: Magnus Carlsen won
the inaugural Chess Esports World
Cup (EWC 2025) in Riyadh, defeating Alireza Firouzja of Team Falcons in
a dominant grand final to claim gold for Team Liquid.
Carlsen
secured victory with a commanding scoreline of 4 wins, 2 draws, and 1 loss,
clearly showcasing the skill gap between world No. 3 Blitz player Firouzja
(2856) and world No. 1 Carlsen (2937).Along with the title, Carlsen earned
$250,000 and 1,000 Club Championship points, giving Team Liquid a major boost
in the Club Championship standings and marking one of the largest chess prize
wins in recent years.
SCIENCE AND TECHNOLOGY
1. PFRDA launches revamped website under PFRDA CONNECT to
boost digital engagement: The
Pension Fund Regulatory and Development Authority (PFRDA) has launched its modernised and user-friendly website under the PFRDA CONNECT initiative,
marking a major step towards digital transformation in the pension sector. The
new platform was unveiled by PFRDA Chairperson S. Ramann in New Delhi.The
upgraded website reflects PFRDA’s vision of enhancing transparency, efficiency,
and accessibility through cutting-edge technology. Designed in compliance with
the Guidelines for Indian Government Websites (GIGW) and the Web Content
Accessibility Guidelines (WCAG), the new site ensures inclusiveness and ease of
access for all stakeholders, including subscribers, intermediaries, and the
general public.The initiative aligns with PFRDA’s commitment to digital
empowerment and stakeholder engagement, creating a more transparent and
user-friendly ecosystem for India’s pension sector.
2. Dhruva Space to Launch First Commercial Mission LEAP-1
in Collaboration with Australian Partners Aboard SpaceX Falcon 9: Dhruva Space, a
Hyderabad-based spacetech startup, will launch its first commercial mission, LEAP-1, in Q3 of 2025 aboard a SpaceX Falcon 9
rocket, carrying two payloads—an AI module from Australia’s Akula Tech
and a hyperspectral imager from Esper Satellites—on its saindigenously built
P-30 satellite platform.The mission strengthens Indo-Australian collaboration
in space tech, with applications spanning defence, agriculture, disaster
response, mining, and environmental management. Akula’s AI module will process
machine learning models in orbit, while Esper’s imager will provide rich remote
sensing data.Following successful P-30 testing during ISRO’s PSLV-C58 mission
in Jan 2024, LEAP-1 marks Dhruva’s first hosted payload mission integrating
GSaaS and ISOCS systems for real-time mission operations. The mission is also
backed by support from ISRO and the Australian Space Agency.
3. BEML and TuTr Hyperloop Join Hands to Develop India’s
First Indigenous Hyperloop Transportation System: BEML Ltd. and TuTr Hyperloop, a
deep-tech startup incubated at IIT Madras, have signed a Memorandum of
Understanding (MoU) to jointly develop India’s first indigenously designed
Hyperloop transportation system.The Hyperloop system is designed to enable
passenger or cargo pods to travel at ultra-high speeds through sealed,
near-vacuum tubes, significantly reducing travel time.The pods in the Hyperloop
will use Magnetic Levitation (Maglev) and Linear Induction Motor propulsion
systems, enabling them to glide with minimal resistance for efficient and
futuristic transportation.
BANKING AND FINANCE
1. Bank of Baroda Launches ‘bob FxOne’ Digital Forex
Platform for Corporate and MSME Clients: Bank of Baroda has
launched ‘bob FxOne’, a
digital foreign exchange platform designed specifically for corporate and MSME
clients, enabling seamless execution of forex and derivative transactions.The
platform offers real-time live rates, instant confirmations, downloadable deal
tickets, and a personalised dashboard, allowing customers to conduct
transactions online without the need for branch visits or manual intervention
2. IRDAI Slaps ₹5 Crore Penalty on Policybazaar for Multiple
Regulatory Violations: IRDAI has
imposed a ₹5 crore penalty on
Policybazaar Insurance Brokers Pvt Ltd for serious violations
involving corporate governance, misleading product promotions, irregularities
in premium remittances, and multiple compliance failures.The penalty, issued on
August 4, 2025, is based on 11 charges under the Insurance Act, 1938 and IRDAI
(Insurance Web Aggregators) Regulations, 2017, highlighting broad ethical and
operational lapses by the company.
3. Axis Bank Launches ‘Lock FD’ Feature to Curb Cyber
Fraud and Strengthen Deposit Security: Axis Bank has launched a new feature called ‘Lock FD’ to
prevent the premature closure of fixed deposits through digital platforms,
aiming to reduce cyber fraud incidents.The feature is available via the Axis
Mobile App or at bank branches, and it restricts internet and mobile banking
access for FD withdrawal once enabled.The launch of ‘Lock FD’ is part of Axis
Bank’s broader cybersecurity initiatives, including the recent rollout of the
‘In-App Mobile OTP’ feature to combat OTP-related fraud.
4. Tata AIA launches women-focused term insurance plan ‘Shubh Shakti’: Tata AIA Life Insurance has launched “Shubh Shakti“, a term insurance plan exclusively designed for women, offering approximately 15% lower premiums compared to men, with additional benefits such as 12-month premium breaks after childbirth and special support for single mothers.“Shubh Shakti” is integrated with Tata AIA Health Buddy, enabling policyholders and their families to access wellness rewards, vaccination support, and other health incentives.
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