Current affairs One Liner: 15-August-2025

  1.  India hosted the 10th Meeting of the ASEAN–India Trade in Goods Agreement (AITIGA) Joint Committee from August 10 to 14, 2025, focusing on review and enhancement of the trade agreement’s effectiveness and facilitation.
  2. India hosted the 4th meeting of the India–Singapore Joint Working Group on Trade & Investment on August 14, 2025, focusing on deepening trade, investment ties, and exploring new areas of cooperation.
  3. Indian Naval ships INS Rana and INS Jyoti arrived in Colombo to participate in the 12th edition of Sri Lanka-India Naval Exercise (SLINEX-25) from 14 to 18 August 2025.
  4. Prime Minister Narendra Modi announced the Pradhan Mantri Viksit Bharat Rozgar Yojana, a ₹1 lakh crore scheme aiming to create over 3.5 crore jobs for youth in two years.
  5. The National Highways Authority of India (NHAI) launched the FASTag Annual Pass on August 15, 2025, providing a seamless and economical travel option for National Highway users.
  6. Prime Minister Narendra Modi announced plans to increase India’s nuclear energy capacity tenfold by 2047 with rapid progress on 10 new nuclear reactors.
  7. Prime Minister Modi announced that India will introduce domestically manufactured semiconductor chips by the end of 2025, marking a key milestone for India’s electronics industry.
  8. The government plans to increase the Maritime Development Fund allocation to ₹70,000 crore, nearly tripling the budget investment to support port infrastructure and maritime trade growth.
  9. The Department of Telecommunications (DoT) plans a ₹47,000 crore capital expenditure investment to enhance BSNL’s telecom network infrastructure across India.
  10. India’s merchandise trade deficit widened to $27.35 billion in July 2025 due to faster growth in imports compared to exports despite resilient export performance ahead of US tariffs.
  11. The Reserve Bank of India conducted an 8-day VRRR auction where banks rolled over ₹1.82 trillion maturing amounts to absorb surplus liquidity in the financial system.
  12. India’s cost from the EU’s Carbon Border Adjustment Mechanism (CBAM) is estimated at 0.03% of GDP, but a domestic carbon tax can reduce this economic effect.
  13. The Indian government wants to simplify GST by reducing rates to only 5% and 18%, with tax cuts on common-use items to ease consumer burden.
  14. The Finance Ministry’s Expenditure Finance Committee will consider a ₹2,250 crore allocation for an export promotion mission to counter global trade challenges.
  15. Public sector banks in India reported a 161% year-on-year increase in foreign exchange income in Q1 FY26 due to rupee depreciation.
  16. The Uttar Pradesh government plans to invest ₹6,191 crore to enhance industrial infrastructure and boost economic growth in the state.
  17. India’s merchandise exports grew by 7.3% to $37.24 billion in July 2025, while imports increased by 8.6%, reflecting robust global trade activity.
  18. The Chief Minister of Meghalaya has announced plans to build a $16 billion economy by 2032 and unveiled a long-term development roadmap up to 2047.
  19. Nepal organized a climate and gender policy dialogue aimed at empowering youth and women in climate action and sustainable development.
  20. Indian athlete Gulveer Singh broke his own national record in the men’s 3000m race at an athletics meet in Budapest.
  21. Namrata Batra became the first Indian to win a medal in Wushu at the World Games held in China, making sporting history for the country.
  22. Abhijit Kishore has been appointed as the Chief Executive Officer of Vodafone Idea for a three-year term to lead the telecom company.
  23. L Ganesan, Governor of Nagaland and a former BJP leader, passed away at the age of 80.

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