News One Liner: 01-July-2025

  1.  Union Minister Jyotiraditya Scindia inaugurated Ericsson’s first India-made passive antenna manufacturing facility at VVDN Innovation Park, Manesar, ahead of July 2025 shipments .
  2.  India, US, Japan, and Australia Coast Guards have commenced the inaugural QUAD At-Sea Observer Mission aboard USCGC Stratton sailing to Guam .
  3. Government of India reported ₹7,32,963 crore total receipts and ₹7,46,126 crore total expenditure (14.7 % of BE) up to May 2025 under FY26 accounts.
  4. The 8th National Steering Committee of Atal Bhujal Yojana in Delhi advised mandatory water-budgeting, community engagement, and scaling of pilot groundwater management across Gram Panchayats.
  5. Kalpataru Projects International Limited (KPIL) secured ₹989 crore in overseas power transmission & distribution orders, raising its FY26 order intake to ₹7,150 crore.
  6. SKF India announced plans to invest ₹1,210–1,460 crore by 2030 to enhance production capacity across its Haridwar, Pune, and Bangalore plants.
  7. The Union Environment Ministry has issued model rules to simplify tree-felling procedures on farmland, encouraging agroforestry and boosting rural incomes.
  8. Thermal coal imports surged to 17.8 million tonnes in May—the highest in 18 months—as power plants stockpiled ahead of summer and monsoons. 
  9. FinTech NBFCs sanctioned a record 10.9 crore personal loans worth ₹1.06 lakh crore in FY 2024‑25, broadening credit access across youth and Tier III towns.
  10. Bank credit growth slowed to 4.9 % YoY for the fortnight ended 30 May 2025, with non-food credit growth at 9.8%, reflecting muted demand.
  11. SBI General Insurance and Starfin India launched a Hospital Daily Cash Benefit Plan to offer daily cash benefits during hospitalization.
  12. Gross GST collections in FY 2024‑25 reached a record ₹22.08 lakh crore, doubling from ₹11.37 lakh crore in FY21.
  13. The Centre has sanctioned ₹3,667 crore for FY 2024‑25 for road, bridge, and tunnel upgrades in Himachal Pradesh.
  14.  J&K administration plans to roll out a digital Family ID to improve citizen access to welfare and streamline service delivery.
  15. Union Home Minister Amit Shah stated that India targets USD 1 billion in turmeric exports by 2030, with the newly established National Turmeric Board focusing on packing, branding, marketing, ensuring fair prices and R&D.
  16. Asian banks have recently syndicate-financed over USD 2 billion in loans for Middle Eastern borrowers, as Gulf nations seek diversified funding beyond local bonds amid major fiscal diversification plans.
  17. Rajasthan will host the 5th Khelo India University Games in Jaipur this November, featuring approx. 6,000 athletes across 25 disciplines.
  18. Twenty-year-old Ayush Shetty won the US Open Super 300, defeating third seed Brian Yang, marking India’s first BWF World Tour title in 2025.
  19. India celebrated Chartered Accountants’ Day on 1 July, commemorating the establishment of ICAI in 1949, acknowledging CAs’ role in financial integrity.
  20. India observed National Doctors’ Day on 1 July to honour Dr Bidhan Chandra Roy, under the theme “Behind the Mask: Who Heals the Healers?”

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