📆 Date: 1st July 2025
Stay informed with the most important national and international news
headlines of the day. This Daily GK Update covers top
stories in politics, economy, defence, banking, technology, and more,
essential for aspirants of UPSC, SSC, Banking, and other competitive
exams. Let’s dive into today’s top updates 👇
🇮🇳 National News
🗳️ ECI’s Clean-Up Drive: 345
Unrecognised Political Parties Delisted
In a
significant step towards restoring electoral integrity, the Election
Commission of India (ECI) has removed 345 Registered
Unrecognised Political Parties (RUPPs) from its records.
- These parties had not contested elections since 2019 and
were found untraceable.
- Though registered under Section 29A of the Representation
of People Act, 1951, many of them misused benefits such as tax
exemptions, common symbols, and access to star campaigners.
- The ECI lacks the authority for direct de-registration,
but is acting under non-compliance clauses.
- The Law Commission and ECI's own 2016 Memorandum
have recommended legislative amendments for stronger de-registration
powers.
- This move enhances electoral transparency and prevents misuse of privileges.
👉 Why it matters: This marks a
critical reform in India’s democratic process, ensuring clean and
responsible political participation.
🛕 India’s First Wooden
Gurdwara Inaugurated in Punjab
India’s first-ever
wooden Gurdwara, Sri Nanak Niwas, was inaugurated in Fazilka,
Punjab, showcasing spiritual devotion through eco-conscious design.
- Built by SSP Bhupinder Singh Sidhu using Finnish
Deodar wood, the structure was completed in just 3 months.
- The shrine is a symbol of unity, sustainability, and
religious inclusivity, with rituals attended by devotees from around
the world.
👉 Why it matters: It promotes eco-friendly
religious architecture and stands as a symbol of communal
harmony and devotion.
🚆 Indian Railways
Revolutionizes Ticket Booking
A massive
transformation is underway in Indian Railways’ Passenger Reservation
System (PRS).
- Charting of waitlisted tickets will
now happen 8 hours before departure or by 9 PM
for early morning trains.
- A new PRS platform by December 2025 will bring:
- 5X higher booking capacity
- 10X faster enquiry processing
- Features like seat selection, fare calendar, multilingual
UI
- From July 1, 2025, Tatkal ticket bookings will
require user verification via OTP and DigiLocker.
👉 Why it matters: Ensures transparency,
efficiency, and fair access to train reservations.
🌏 International News
🚢 QUAD Nations Launch First
'At Sea Observer Mission'
The QUAD
alliance (India, USA, Japan, Australia) launched its first
maritime observer mission to boost Indo-Pacific security.
- Conducted aboard the USCGC Stratton, the mission
included women officers from each country.
- Aligns with India’s SAGAR vision and Indo-Pacific
Oceans Initiative.
👉 Why it matters: This
promotes interoperability, regional security, and joint
readiness among maritime democracies.
🏦 Banking & Finance News
☀️ SBI to Solarize 4 Million
Indian Homes by 2027
The State
Bank of India (SBI) has launched a Solar Rooftop Programme to
support India’s clean energy goals.
- Target: 4 million homes by FY27
- Aligns with India’s Net Zero 2070 climate pledge
- Over ₹610 crore invested in social and environmental
initiatives
👉 Why it matters: SBI is emerging
as a leader in sustainable finance and CSR-driven
banking.
📉 India’s GNPAs Drop to
2.3%: RBI Report
According
to the RBI Financial Stability Report, India’s Gross
Non-Performing Assets (GNPAs) have declined to a multi-decade
low of 2.3%.
- Due to loan write-offs, lower slippage,
and regulatory enforcement
- However, projected to rise to 2.6% by FY27
- Highest stress seen in agriculture and credit card loans
- No NPA among the top-100 borrowers
👉 Why it matters: Shows strong
recovery, but warns of future stress in selective sectors.
💼 Industrial Lending Slows
Down to 4.9%
RBI’s
credit report for May 2025 revealed a slowdown in lending to key
sectors:
- Industry credit grew by only 4.9%
- Lending to NBFCs, personal loans, and services also slowed
- Medium enterprises and green energy sectors saw growth
👉 Why it matters: Reflects cautious
lending behavior amid economic uncertainty.
💰 Economy News
📊 India’s GST Collection
Hits ₹22.08 Lakh Crore
India’s Goods
and Services Tax (GST) revenue for FY25 reached a record ₹22.08
lakh crore, growing 9.4% year-on-year.
- Taxpayer base expanded to 1.51 crore
- Monthly collections and compliance improved
- Celebrating 8 years of GST implementation
👉 Why it matters: Proves India’s
tax system maturity and commitment to fiscal transparency.
🚛 Commercial Vehicle Market
to Grow 3–5% in FY26
As
per ICRA, the commercial vehicle industry is
expected to grow 3–5% in FY26.
- Construction and infrastructure activity drive growth
- Buses expected to grow 8–10%
- Challenges: High inventory, pre-owned vehicle shift, and
geopolitical factors
👉 Why it matters: Indicates gradual
recovery with sectoral risks.
💼 Business News
🛠️ Reliance & Coastal
Mechanics to Build Defence MRO Facility
Reliance Infrastructure and Coastal Mechanics Inc. will jointly establish
a Defence Maintenance, Repair & Overhaul (MRO) hub
in Nagpur, Maharashtra.
- Will modernize Jaguar, MiG-29, Apache, L-70 guns
- Supports India’s Atmanirbhar Bharat defence vision
- Taps into ₹20,000 crore upgrade market
👉 Why it matters: Strengthens domestic
defence manufacturing and US collaboration potential.
🪖 Defence News
🎖️ Rear Admiral V Ganapathy
Takes Over MILIT Pune
Rear Admiral V Ganapathy has taken charge as the new Commandant of Military
Institute of Technology (MILIT), Pune.
- MILIT is India’s premier tri-services training institute
- Focus on joint operations, modernization, and technology
education
👉 Why it matters: Reinforces armed
forces readiness for multi-domain warfare.
📊 Ranks & Reports
👶 India Achieves 78% Decline
in Under-Five Mortality
According
to the UN IGME 2024 report, India achieved a 78% drop in
under-five mortality and 70% decline in neonatal mortality.
- Credited to Universal Immunization Programme
- Sharp fall in zero-dose children
- Aligns with SDG-3 targets
👉 Why it matters: Reflects
India’s global health leadership and effective public
health strategies.
🛳️ Summits & Conferences
🚢 India Hosts ASEAN–India
Cruise Dialogue
India
hosted the 1st ASEAN–India Cruise Dialogue in Chennai to
boost maritime partnerships.
- Over 30 delegates participated
- Discussions on sustainable cruise tourism and blue
economy
- Promotes regional connectivity and cultural exchange
👉 Why it matters: Paves way
for India’s cruise tourism growth and Indo-Pacific
cooperation.
🔬 Science & Technology
🌌 Ladakh Hosts Its First
Astro Tourism Festival
Ladakh’s first Astro Tourism Festival concluded in Leh, promoting science through tourism.
- Organized by the Tourism Dept and Indian
Institute of Astrophysics
- Events included night sky watching, expert
sessions, and educational outreach
👉 Why it matters: Blends scientific
awareness with sustainable tourism.
📅 Important Days – 1st July
2025
☄️ World Asteroid Day
Observed
on June 30, it commemorates the Tunguska explosion of 1908 and
raises awareness about asteroid impact risks.
- Promotes space missions like NASA’s DART
- Supports planetary defence efforts
🏦 SBI Turns 70
State Bank of India celebrates 70
years since nationalisation of the Imperial Bank of India in 1955.
- Has ₹61 trillion in assets and serves over 50 crore
customers
- A digital leader with global operations
👉 Why it matters: SBI stands as
a pillar of India’s financial evolution.
🧮 National Chartered
Accountants Day
Marks 76
years of the Institute of Chartered Accountants of India
(ICAI).
- Celebrates CAs’ role in financial governance, auditing, and
policy shaping
- Highlights their contribution to India’s economic
development
💼 Goods and Services Tax
(GST) Day
Celebrates
the implementation of GST on July 1, 2017, a major
economic reform.
- Introduced a single indirect tax system
- Features a dual model, five-tier rate structure,
and online compliance
👉 Why it matters: Promotes transparency,
simplification, and business ease.
✅ Conclusion
1st July
2025 brought a wave of progressive policy updates, economic
reforms, technological innovations, and strategic
national-international partnerships. These developments not only
shape India’s growth trajectory, but also serve as vital learning
points for students and aspirants of competitive exams.
🔗 Source Links
- Election Commission - Registered Parties
- Press Information Bureau (PIB)
- RBI Financial Stability Report
- SBI
Official Site
- Indian Railways - Official Updates
- UN IGME Report 2024
- Ministry of Finance - GST Revenue
