Current affairs One Liner: 24-July-2025

  1.  The Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme merges five earlier programmes to promote skill development, entrepreneurship, leadership and cultural preservation among minority communities.
  2. CCRAS has announced the second edition of PRAYATNA, a scientific writing workshop to train Ayurveda postgraduate and doctoral scholars in manuscript development and publication.
  3. Goa Shipyard Ltd launched ’Samudra Prachet’, an indigenous oil-spill response vessel with 72% Indian content, for the Indian Coast Guard.
  4. The Ministry of Coal reports that India’s coal production rose to 1,047.5 million tonnes in FY25 and aims to reach 1.5 billion tonnes by 2030, emphasising sustainability and modern infrastructure.
  5. Prime Minister Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) aims to uplift 75 particularly vulnerable tribal groups (PVTGs) across 18 states and 1 UT, with a budget of ₹24,104 crore.
  6. JSW Renew Energy Forty Five Ltd, a subsidiary of JSW Energy, inked a 25‑year Power Purchase Agreement with BESCOM for a 100 MW solar project coupled with 100 MWh battery storage.
  7. Angel One and Singapore-based LivWell are launching a digital-first life insurance company in India with a combined capital infusion of ₹400 crore.
  8. The Indian Institute of Creative Technologies (IICT) has signed MoUs with Comic Con India and Green Rain Studios to accelerate talent development and content creation in India’s AVGC‑XR sector.
  9. Kotak Mahindra Bank introduced “Solitaire”, a premium invite-only programme targeting the underserved affluent segment with relationship value between ₹75 lakh and ₹8 crore.
  10. IRDAI has released draft norms for an Internal Insurance Ombudsman Scheme, mandating insurers to appoint an impartial grievance redressal officer for claims up to ₹50 lakh.
  11. ADB and India Ratings & Research (Ind‑Ra) have downgraded India’s GDP growth forecast for FY26 to 6.5% and 6.3%, respectively, citing U.S. tariff tensions and weakening investment climate.
  12.  India Ratings & Research (Ind‑Ra) has trimmed India’s GDP growth estimate for FY2025‑26 to 6.3 %, citing US tariff uncertainties and a weaker investment climate.
  13.  Outbound remittances under the Liberalised Remittance Scheme (LRS) declined 4.4 % year-on-year to USD 2.3 billion in May 2025, driven by slower education and travel spending.
  14. The Ministry of Skill Development and Entrepreneurship (MSDE) has launched the SOAR (Skilling for AI Readiness) programme to teach AI fundamentals to students from Class 6 to 12 and train educators nationwide.
  15. In Rome, Italy and Algeria committed to expanded cooperation on counter‑terrorism, migration control and signed 13 broad strategic agreements during an intergovernmental summit.
  16. Indian equestrian Anush Agarwalla, riding his mare Floriana, clinched his first win at the Jubilaumsturnier Hofgeismar Open dressage event in Germany.
  17. National Thermal Engineer Day was globally observed on 24 July 2025 to honour thermal engineers’ contributions in managing heat and energy systems critical to industries and daily life.
  18. India celebrated Income‑Tax Day on 24 July 2025, marking the 166th anniversary of income tax and celebrating digital transformation and reforms for taxpayer convenience and empowerment.
  19. Nestlé India has appointed ex-Amazon and Unilever veteran Manish Tiwary as its next Chairman and Managing Director, effective 1 August 2025, succeeding Suresh Narayanan.

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