News One Liner: 17-July-2025

  1. On its 97th Foundation Day, ICAR emphasised 500 new research topics, stressed no tolerance for farmer exploitation, and honoured national science awardees.
  2. Union Textiles Minister Giriraj Singh inaugurated the 16th India Trend Fair in Tokyo and held meetings with leading Japanese firms to promote textile investments through PM MITRA Parks.
  3. During the 2nd India–Argentina Joint Working Group meeting, both nations committed to enhanced collaboration in areas including mechanisation, pest management, genome editing, and plant breeding.
  4. Crisil Ratings anticipates a near doubling of investment to ₹2.3 lakh crore in India’s thermal power generation over the next three fiscal years through FY 2027‑28.
  5. Juniper Green Cosmic, a subsidiary of Juniper Green Energy, entered a 25-year PPA with NHPC to develop a 250 MW firm & dispatchable renewable energy (FDRE) project for Haryana DISCOMs, commencing June 2027.
  6. COMvergence data reveals that WPP Media topped media agency billings in India with US $6.6 billion, while digital media expenditures reached US $6.8 billion, constituting 52% of total ad spending.
  7. Fitch Ratings anticipates that the RBI’s substantial liquidity infusions—including a ₹5.6 lakh crore government securities purchase and a 100 bp CRR cut—will ensure effective transmission of a 100 bp rate cut during 2025.
  8. India’s non‑life insurance industry recorded a 5.2% year-on-year premium rise in June 2025 to ₹23,422.5 crore, compared to 8.4% in June 2024, driven by digitalisation and regulatory reforms.
  9. Crisil projects average CPI inflation to moderate to 4.0% in FY 2025–26 (from 4.6% in FY25), helped by favourable monsoon, softer food and commodity prices, and recent repo rate cuts.
  10. NPCI International has extended the UPI‑PayNow linkage to include 19 Indian banks, including additions like Kotak Mahindra, HDFC, and Bank of Baroda, to facilitate real-time remittances to Singapore from 17 July 2025.
  11. Karnataka has launched a comprehensive Quantum Action Plan with incentives, a dedicated Task Force, and planned infrastructure to establish a US $20 billion quantum advantage economy by 2035.
  12. Gujarat has initiated the nation’s first state-level tribal genome sequencing project, aiming to generate 2,000 whole-genome sequences from 17 districts to address inherited disorders and enhance tribal healthcare.
  13. Prime Minister Narendra Modi will inaugurate development projects worth ₹7,000 crore across sectors including railways, highways, power, and education during his upcoming visit to Bihar.
  14. The Income Tax Bill 2025 was unanimously adopted by the Lok Sabha Select Committee, with 285 amendments, paving the way for its tabling in the Monsoon Session beginning 21 July 2025, and targeted implementation from 1 April 2026.
  15. Israel successfully placed its first state-funded Dror‑1 digital communications satellite into geostationary orbit using SpaceX’s Falcon 9, enhancing national satellite infrastructure.
  16. India’s forward Deepika became the first-ever Indian player to win the women’s Poligras Magic Skill Award for her exquisite solo goal against world No. 1 Netherlands during the FIH Hockey Pro League.
  17. World Day for International Justice was observed on 17 July 2025, commemorating the adoption of the Rome Statute and promoting the fight against impunity for serious international crimes.
  18. The ACC has appointed 1991‑batch AGMUT cadre IAS officer Dr Puneet Kumar Goel as new Chief Secretary of Manipur, replacing Prashant Kumar Singh, to strengthen governance in the context of ongoing ethnic unrest.
  19. Sanjay Kaul has been appointed as the Managing Director & CEO of the GIFT City (Gujarat International Finance Tec‑City), to steer India’s first operational greenfield financial services special economic zone.
  20. Sashidhar Jagdishan, MD & CEO of HDFC Bank, was the highest‑paid Indian banker in FY25, earning ₹12.08 crore—an 11.8% increase from the previous year.
  21. The QS Best Student Cities 2026 ranking named Delhi the most affordable student city in the world, with three Indian cities in the top 50 globally.

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