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).