One Minute Current Affairs 12 July 2025
Economy
1.3% Dip- in Net direct tax collection (Income Tax) up to July 10.
- Gross direct tax collections, before accounting for refunds, increased by 2% to ₹6.6 lakh crore.
- This was due to a significant surge in refunds.
- Gross collection= Net collection+ refunds
Until March 31, 2030- India has extended the tax exemption for Sovereign Wealth Funds (SWFs) and Pension Funds.
Appointments
Abhijit Kishore- Reappoints as chairman of Cellular Operators Association of India (COAI) for year 2025-26.
- Rahul Vatts as Vice Chairperson of COAI.
Summits
At Bharat Mandapam, New Delhi- First Global Conference on Manuscript Heritage take place.
- From September 11–13, 2025.
- Titled “Reclaiming India’s Knowledge Legacy Through Manuscript Heritage”.
New Delhi- Trade Facilitation Conference 2025.
- Theme- “Scientific Excellence for Seamless Trade.”
Scheme
Incentive up to ₹9.6 lakh per vehicle– under newly launched First Electric Truck Incentive Scheme by GOI.
- Scheme under the PM E-DRIVE programme
- The scheme offers financial incentives for electric trucks in the N2 and N3 categories (GVW 3.5 to 55 tonnes).
State News
Arthunkal Police Station , Alappuzha ,Kerala- India’s First ISO-Certified Police Station.
- IS/ISO 9001:2015 Quality Management System (QMS) certification granted by the Bureau of Indian Standards (BIS).
Harela Festival- Uttarakhand.
- Planting over 5 lakh saplings throughout the state.
Agreements
Prasar Bharati and the Handball Association of India (HAI)- to popularize handball across India.
- Entered into a three-year MoU to produce and broadcast handball events on DD Sports and other platforms.
National
Gingee Fort (Villupuram district, Tamil Nadu)- Designated as a UNESCO World Heritage Site.
- Now known around the world for its cultural and military importance as part of the Maratha Military Landscapes nomination.
“Operation SHIVA 2025”- Launched by Indian Army.
- To make sure the Shri Amarnath Yatra in Jammu and Kashmir is carried out safely and smoothly.
Awards
Varsha Deshpande- 2025 UN Population Award
- For her dedicated efforts to end sex-selective abortions and advance gender equality.
Sports
Harikrishnan A. – 87th chess Grandmaster of India.
- Birth- Chennai, Tamil Nadu.
Iga Swiatek (Poland)- Clinches her first Wimbledon women’s singles title (tennis).
- Defeated Amanda Anisimova from the United States.
Jannik Sinner (Italy)- clinches his first Wimbledon men’s single title (tennis).
- Defeated Carlos Alcaraz form Spain.
Defence
Astra missile- successfully test by DRDO and Indian Air Force from Su-30 MKI jet.
- Indigenously developed by
- Beyond Visual Range Air-to-Air Missile (BVRAAM).
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