One Minute Daily Current Affairs – 3 July 2025

Awards

“Officer of the Order of the Star of Ghana”- PM Narendra Modi.

“C-FLOOD”-India Unveils First-Ever Unified Platform for Flood Forecasting.

Developed collaboratively by the Centre for Development of Advanced Computing (C-DAC), the Central Water Commission (CWC), and the National Remote Sensing Centre (NRSC).
Launched by Union Minister of Jal Shakti, Shri C. R. Patil.

“NIPCCD” renamed- as the “Savitribai Phule National Institute of Women and Child Development”.

Bengaluru City University- Renamed in Honor of Former Prime Minister Dr. Manmohan Singh.

Three new oil reserves- GOI Plans to build three new oil reserves.

Indore- Launches India’s First QR-Code Enabled Digital Addressing System.

RECLAIM Framework- launched by coal ministry for sustainable mine closure.

RECLAIM – Repurposing, Engagement, Community, Livelihoods, Assets, Inclusivity, Mine-closure.

Manesar, Gurugram- First National Conference of Urban Local Body.

From “2026”- Reserve Bank of India (RBI) Bans Prepayment Penalties on Floating Interest Loans for Micro and Small Enterprises (MSEs).

376- Cost Inflation Index (CII) hiked from 363 to 376 for the FY 2025-26.

3% increase
The update aims to align capital gains tax with inflation, ensure fairness for long-term investors, and implement Finance Act 2024 changes without affecting legacy assets.

JIO- Emerges as the World’s Leading Fixed Wireless Access (FWA) Provider.

Overtake- US based “T-Mobile”.
As of mid-2025, Jio has officially surpassed T-Mobile by crossing 20 million Fixed Wireless Access (FWA) subscribers, overtaking T-Mobile’s 19.8 million.

Bengaluru- India’s First UPI-Powered Bank Branch.

RBI- Mandates Banks to Implement DoT’s Financial Fraud Risk Indicator (FRI) to Strengthen Cybersecurity.

Jammu & Kashmir- Centre Proposes ₹100-Crore Integrated Aquaculture Park.

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