One minute Current Affairs 08-07-2025

Important Days

Important Days

July 6- World Rural Development Day.

July 7- World Swahili Language Day.

UNESCO introduced the day in 2022.
African language

July 7- World Bioproduct Day

Awareness for Sustainable innovations driving a greener future and climate solutions.

Banking & Business

₹4.04 trillion- Banking system’s liquidity surplus

Banking system’s liquidity surplus means Extra money banks keep with the RBI.
highest in more than two years.

Trinidad & Tobago- first Caribbean country and the eighth worldwide to allow Indian travellers to use UPI. (Unified Payments Interface)

Adani Power– purchased 600 MW Vidarbha Power plant for ₹4,000 Crore.

Now total operating capacity is 18150 MW and company goal for 30670 MW by 2030.
600 MW Vidarbha Power plant located at Nagpur, Maharashtra.

RBI Financial Stability Report, June 2025 (highlights)

Public debt expected to reach 100% of global GDP by 2030.
GDP Growth for 2024–25 was 5%, with a similar projection for 2025–26.
GDP size nearly tripled in the past decade (₹106.57 lakh crore in 2014-15 → ₹03 lakh crore in 2024-25).
CPI inflation dropped to a 6-year low of 8% in May 2025.
GNPA Ratio: Declined to 3% (multi-decadal low).
Forex Reserves: US$ 697.9 billion (covers over 11 months of imports).

Summits

2nd edition of the North Eastern Region District SDG Index (2023-24)- released by Niti Aayog and Ministry of Development of North Eastern Region (MoDoNER) and UNDP.

Best Performing District- Hnahthial (Mizoram).
Last District- Longding (Arunachal Pradesh)

Agreements

DEPwD and Sri Aurobindo Society (SAS)- goal is to train teachers and improve the way schools support children with disabilities.

Department of Empowerment of Persons with Disabilities (DEPwD).

International

Colombia and Uzbekistan- two new members of New Development Bank.

Total Member countries- 11 (including Colombia & Uzbekistan).
Member countries are- Brazil, Russia, India, China, and South Africa, plus Bangladesh, the United Arab Emirates, Egypt, Algeria, Colombia, and Uzbekistan.
Headquarter- Shanghai, China.

State News

Sakambari Festival- Begins at Vijayawada, Andhra Pradesh.

Obituaries

Peter Rufai- Nigeria Football Legend passed away.

National

Asia’s Biggest Jungle Safari- Build by Haryana in Aravalli Hills.

It will span approximately 10,000 acres of forest land.

Sports

SuperUnited Chess 2025- Won by Magnus Carlsen.

Held in Zagreb, Croatia.
Magnus Carlsen is from Norway
D Gukesh from India scored third place.

first edition of the Neeraj Chopra Classic 2025- won by Neeraj Chopra.

Throw –18 metres

Held at- Bengaluru

Defence

Extended Range Anti-Submarine Rocket (ERASR)- tests successfully by India from INS Kavaratti.

Developed by DRDO

Awards

Vedachalam- Wins Tamil Wikki Suran Award.

Veteran Archaeologist.

“The Grand Collar of the National Order of the Southern Cross” award- PM Narendra Modi.