One minute Current Affairs 10-07-2025
Banking & Business
Nvidia- First company to reach $4 trillion market valuation.
- Headquarters- California, USA.
Above ₹75 crore- From July 16, any government payments made by central government departments above ₹75 crore must be done using RBI’s e-Kuber platform.
- Earlier, only payments above ₹500 crore had to be made through the e-Kuber platform.
Reports
United Nations Conference on Trade and Development (UNCTAD)- publish a report titled- “Trade and Development Foresights 2025: Under Pressure – Uncertainty Reshapes Global Economic Prospects”.
Key Highlights
- Global growth is projected to slow to 3%, below the 2.5% stagnation threshold.
- The VIX (Fear Index) has reached its third-highest level in history, showing intense investor anxiety.
- South–South trade and intra-Asian trade offer resilience, with Asia contributing 40% of global growth in 2024.
- India, along with China and Indonesia, is a top contributor to global growth.
- Official Development Assistance (ODA) to developing nations to fall by 18% (2023–2025).
Schemes
“Digi-Lakshmi” Scheme- Andhra Pradesh.
- To support urban poor women in earning a livelihood by providing digital services.
- The scheme will establish 9,034 digital kiosks in cities and towns, each operated by women from Self-Help Groups.
International
UAE- allowed Indians and Bangladeshis citizens to pay AED 100,000 (around Rs. 23.30 lakhs) to apply for UAE Golden visa.
- This is only for individuals nominated for their exceptional contribution in their profession.
National
125th Birth Anniversary- of Syama Prasad Mookerjee.
- Government of India release a special postage stamp to Honour him.
State News
Delhi- launches “Saheli card”.
- Free bus travel for women and transgender persons in Delhi.
Andhra Pradesh- Launch AI system for mosquitoes.
- Called- SMoSS (Smart Mosquito Surveillance System).
Summits
11th Maize Summit- New Delhi.
- Launched by Agriculture Minister Shivraj Singh Chouhan.
- organized by FICCI and the Indian Institute of Maize Research (IIMR).
- Maize production target 86 million tonnes by 2047.
Book
“Das Paise ka Postcard” Book- written by retired Army officer S.N. Ahmed.
- Released by actor and director Vinay Varma.
Science & Technology
“Kalaa Setu” Challenge- Launched by Ministry of Information and Broadcasting (MIB).
- Launched through WaveX platform.
- Invites startups to develop AI tools that can convert text into audio, video, or visual content in various Indian languages.
Defence
INS Nistar- India’s first Indigenous Diving Support Ship.
- Built by Hindustan Shipyard Limited (HSL)
Awards
“The Order of the Most Ancient Welwitschia Mirabilis” Award- PM Modi.
- highest civilian honour of Namibia.
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