News One Liner: 07-July-2025

  1. Union MSME Minister Shri Jitan Ram Manjhi announced that 6.5 crore MSME units are registered on the Udyam and Udyam Assist portals, collectively providing employment to 28 crore people.
  2. SAIL has inaugurated its first international representative office in Dubai to strengthen its global footprint and support India’s ambition to achieve 300 mt steel capacity by 2030.
  3. CAQM held high-level review meetings with Haryana and Punjab on 3 July to fast-track measures against crop stubble burning, vehicular emissions and dust in the NCR region.
  4. Science & Tech MoS Dr Jitendra Singh inaugurated Phenome-India National Biobank at CSIR‑IGIB in Delhi, initiating a longitudinal health database with 10,000 volunteer participants.
  5. Adani Group plans a 1 million tonne/year PVC plant at Mundra (Gujarat) by 2028, entering the petrochemicals sector dominated by Reliance.
  6. DRDO’s DIPAS has signed an MoU with AIIMS‑Rishikesh to conduct clinical trials and research on biomedical devices to improve human performance in extreme environments.
  7. Minister of State Telecom announced C‑DOT—a domestic telecom R&D body—will generate ₹1,000 crore in revenue in FY26, alongside ₹400 crore grant.
  8. PayNearby’s MSME Digital Index shows 48% MSMEs prefer UPI for business payments, followed by 39% using Aadhaar-enabled banking, reflecting digital payment adoption.
  9. RBI’s Financial Stability Report shows NBFC stressed assets rose to 5.9% in March 2025, up from 3.9% in September 2024, driven by higher write-offs and rising personal loan risks.
  10. India’s banking liquidity surplus soared to ₹4.04 trillion, prompting strong response to RBI’s ₹1 lakh crore VRRR auction, with a cut-off rate of 5.47%.
  11. India’s foreign exchange reserves have surpassed $700 billion, supported by RBI dollar purchases and a leaner forward book.
  12. Odisha govt reinstated HDFC, ICICI, and Axis Bank to handle state transactions after receiving commitments to improve priority sector lending and CD ratios.
  13. Himachal Pradesh has deployed Aadhaar-based facial authentication for ration distribution, becoming the first Indian state to implement the technology.
  14. India and the Maldives held ministerial-level discussions to explore new economic cooperation and investment opportunities.
  15. During PM Modi’s high‑level visit, India and Trinidad & Tobago signed six MoUs across infrastructure, pharma, defence, digital and culture.
  16. The BRICS summit in Rio emphasised issues like climate finance and trade stability, while avoiding direct confrontation with U.S. tariffs.
  17. Indian grandmaster D. Gukesh won the rapid segment of the 2025 Grand Chess Tour in Zagreb, scoring 14/18 points, including key victories over Wesley So and Magnus Carlsen.
  18. World Zoonoses Day on July 6 emphasises the One Health approach as zoonotic diseases continue to rise globally.
  19. World Bank data shows India’s Gini index at 25.5, placing it among the top four most equal countries globally.
  20. India raised $889 million in fintech funding in H1 2025, ranking it 3rd globally, despite a 26% drop from H2 2024.

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