News One Liner: 03-July-2025

  1. The NSO’s Household Consumption Expenditure Surveys show stable per capita daily intake: rural (2,212 kcal), urban (2,240 kcal) for 2023–24.
  2. ESIC has launched SPREE 2025 (1 July–31 Dec) to encourage unregistered employers and employees to enroll without inspection or back-due demands.
  3. Union Minister Lalan Singh announced a ₹100 crore integrated aqua park for Jammu & Kashmir under Phase II of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
  4. Coal production increased by 16.4 % to 15.57 million tonnes (MT), while dispatches rose by 13.0 % to 17.31 MT in June 2025.
  5. Union Jal Shakti Minister C R Patil launched C‑FLOOD, a village-level flood forecasting and inundation mapping portal, providing two-day advance alerts for Mahanadi, Godavari and Tapi basins.
  6. India intends to add three strategic crude oil storage facilities—5.2–5.3 Mt in Bikaner, 1.75 Mt expansion at Mangalore, and a new reserve in Bina—to bolster its emergency fuel reserves.
  7. A UNDP-led study projects that integrating renewable energy targets with development strategies could lift 193 million out of extreme poverty by 2060 while delivering $20 trillion in energy-sector savings.
  8. Under BharatNet Phase 3, USD 18 billion (~₹1.4 lakh crore) will be invested to deliver subsidised broadband to 1.5 crore rural households, and extend services to 40,000 more Gram Panchayats.
  9. India reported $41.49 billion in M&A transactions in H1 2025—a 5.7% drop YoY—while deal count rose 4.6% to 1,577, with healthcare, infrastructure, and retail driving activity.
  10. Mashreq, a UAE-based lender, has received an in‑principle approval from IFSCA to open its first International Banking Unit at GIFT City, set to begin operations by Q4 2025.
  11. Life insurers plan to invest ₹450 crore over three years in the ‘Sabse Pehle Life Insurance’ awareness campaign to reverse the dip in insurance penetration.
  12. The bad bank NARCL is set to acquire stressed assets exceeding ₹1.68 lakh crore, adding six more accounts (₹11,779 crore) to an already acquired ₹1.56 lakh crore across 26 cases.
  13.  Indian Bank has reduced its one‑year MCLR by 5 basis points to 9%, effective 3 July 2025, and will waive minimum balance charges on all savings accounts from 7 July.
  14. Andhra Pradesh recorded its highest-ever net GST revenue of ₹8,860 crore in the first quarter of FY 2025–26, a 3.4% increase from the previous years.
  15. Swachh Bharat Mission (SBM), launched on 2 October 2014, has entered its Phase II (SBM‑U 2.0) targeting legacy landfill cleanup, solid waste management, and behavioural change.
  16. The Quad (India, US, Australia, Japan) launched the Quad Critical Minerals Initiative in July 2025 to diversify and secure critical minerals supply chains amid global strategic competition.
  17. Fintech firm Slice opened its first digital-only UPI-powered bank branch in Bengaluru, offering debit cards, UPI services and micro-savings account setup instantly.
  18. A new book, India at WTO, examines India’s trade negotiation tactics, describing its role as “defending the indefensible” while balancing domestic interests and global trade standards.
  19. AU Small Finance Bank appointed two independent directors and other senior executives to strengthen its governance and strategic planning.
  20. Indian Railways launched RailOne, a unified mobile‑app integrating ticket booking, PNR tracking, timetables, coach location, cancellations and grievance redressal.


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