One Minute Daily Current Affairs – 1 July 2025
Important days
June 30- World Asteroid Day
- To raise awareness about the potential threats posed by near-Earth objects (NEOs), especially
July 1-National Doctor’s Day
- Theme-Behind the Mask: Who Heals the Healers?
- “Instituted in 1991 to honour Bidhan Chandra Roy, the day serves as a tribute to the selfless service and unwavering commitment of doctors to public health.”
July 1- Goods and Services Tax (GST) Day
- Introduced in 2018
July 1- National Chartered Accountants Day
- In remembrance of the (ICAI) Institute of Chartered Accountants of India’s establishment in
Science & Technology
Ladakh- Hosts First Astro Tourism Festival.
- For Boosting Scientific Tourism
- Hosted by the Tourism Department of Ladakh in partnership with the Indian Institute of Astrophysics (IIA), Bangalore.
National
8 Hours- Final Chart in Indian railways for Waitlisted Tickets Will Now Be Prepared 8 Hours Before Departure
- Indian Railways to introduce a new Passenger Reservation System (PRS) by December 2025.
- Booking Capacity Boost: Increased from 32,000 to over 5 lakh tickets per minute (5X improvement).
- Enquiry Capacity Jump: Enhanced from 4 lakh to over 40 lakh enquiries per minute (10X increase).
- Multilingual, User-Friendly Interface: For seamless booking and enquiry experience.
- Seat Selection Option: Passengers can now view and choose preferred seats during booking.
- Fare Calendar Feature: Helps users plan travel based on fare variations.
- Integrated Services for Special Categories: Including Divyangjan, students, and patients for better accessibility and convenience.
Fazilka, Punjab– India’s first Wooden Gurdwara.
- Name of Gurdwara- Sri Nanak Niwas.
International
QUAD-Unveils First-Ever Maritime Observer Mission to Enhance Sea Security
- member countries of QUAD (Quadrilateral Security Dialogue) are India, United States, Japan, Australia
Appointments
Rear Admiral V Ganapathy- Assumed new commandant of the Military Institute of Technology (MILIT), Pune.
- He is the Indian Navy Officer.
Summits
Chennai- First ever ASEAN–India Cruise Dialogue Held to Deepen Maritime Cooperation.
Economy
₹22.08 lakh crore- GST collections soared to an all-time high of ₹22.08 lakh crore in FY 2024–25, marking a twofold increase from ₹11.37 lakh crore in FY 2020–21.
- GST implemented in
Banking & Business
Maharashtra- Defense MRO Hub (Maintenance, Repair, and Overhaul).
- For that Reliance Infrastructure’s subsidiary, Reliance Defence, has collaborated with American defence contractor Coastal Mechanics Inc. (CMI).
2.3%- March 2025 saw gross NPAs fall to 2.3%, a record low in several decades.
- The central bank forecasts that the GNPA ratio may rise to 6% by March 2027.
- According to RBI’s latest Financial Stability Report.
For Sixth consecutive quarter- Small Savings Schemes Interest Rates unchanged.
Interest Rates for Small Savings Schemes (Q2 FY 2025–26):
- Public Provident Fund (PPF): 7.1%
- Sukanya Samriddhi Yojana (SSY): 8.2%
- National Savings Certificate (NSC): 7.7%
- Monthly Income Scheme (MIS): 7.4%
- Kisan Vikas Patra (KVP): 7.5% Maturity in 115 months
- 3-Year Term Deposit: 7.1%
- Post Office Savings Deposit: 4.0%
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