Top Headlines: Daily Current
Affairs – July 3, 2025
📌 Stay ahead in your
exam prep with today's most relevant national, economic, scientific, and global
updates. Covering UPSC, SSC, Banking, and other competitive exams, this
comprehensive digest of July 3, 2025, ensures you don’t miss a thing.
🇮🇳 National
News
🌊 India’s
First Unified Flood Forecasting Platform 'C-FLOOD' Launched
Union Jal Shakti Minister C.R. Patil unveiled C-FLOOD, India’s
first web-based
flood forecasting system capable of predicting inundation
up to village
level.
🛠️ Key
Features:
·
Jointly developed by C-DAC, CWC, and NRSC under the National Supercomputing Mission
·
Integrates hydrodynamic models, satellite data,
and high-performance computing
·
Currently covers Mahanadi, Godavari, and Tapi river
basins
🔍 Impact:
Enhances real-time decision-making in flood management, enabling quicker evacuations and disaster resilience.
👩🏫 NIPCCD Renamed
After Savitribai Phule
To honor social reformer Savitribai Phule, the National Institute of Public
Cooperation and Child Development (NIPCCD) has been
renamed as the Savitribai
Phule National Institute of Women and Child Development.
🗓️ A new regional centre in Ranchi will
open on July 4,
2025, aiming to strengthen programs like:
·
Mission Shakti
·
Mission Vatsalya
·
Poshan 2.0
🎯 Target Audience: 7+ lakh frontline workers in
Bihar, Odisha, Jharkhand & West Bengal
📈 Purpose: Improve grassroots-level capacity building and regional outreach.
🏭 Coal
Ministry Introduces RECLAIM for Sustainable Mine Closures
India takes a bold step toward sustainable mining with
the launch of the RECLAIM
Framework.
💡 Key Features:
·
Promotes inclusive mine closure, livelihood security,
and land
repurposing
·
Involves Panchayati Raj Institutions,
ensuring local engagement
·
Focuses on gender equity and community participation
🏠 Indore
Implements India’s First QR-Based Digital House Address System
Indore has launched a revolutionary QR code–linked digital address system,
integrated with GPS
& Digipin.
🔑 Benefits:
·
Improves emergency response, service delivery, and smart urban planning
·
Ensures affordability with
low-cost digital plates
🌆 A landmark step under the Digital India mission,
likely to be scaled nationwide.
🏙️ State
News
👕 Virudhunagar
Set to Become Global Textile Hub Under PM MITRA
The PM
MITRA Textile Park in Virudhunagar, Tamil Nadu spans
over 1,052
acres, with a ₹1,900 crore investment from the Centre.
🎯 Projections:
·
Attracts ₹10,000+ crore in private investment
·
Generates over 1 lakh jobs by
2026
·
Offers facilities like ZLD treatment, worker hostels, and industrial sheds
💡 Aligned with Atmanirbhar Bharat and
India’s technical
textiles vision.
🐟 ₹100-Crore
Integrated Aqua Park Proposed in Jammu & Kashmir
Under PMMSY Phase-II, the
Centre plans a ₹100
crore Aqua Park to uplift the fisheries sector.
🚀 Developments:
·
Launch of a 50,000-litre UHT Milk Plant
·
800% growth in trout production since
program inception
·
Designation of Anantnag as a fisheries cluster
🎯 Goal: Boost livelihoods, cold-water aquaculture,
and self-reliant
economy in J&K.
🧠 Bengaluru
City University to be Renamed After Dr. Manmohan Singh
In a tribute to former PM Dr. Manmohan Singh, Bengaluru City University will
be renamed.
🏗️ Singh’s Contributions to Bengaluru:
·
Initiated Metro Project, Elevated Highway, and Kempegowda Airport
💰 ₹123.5 crore sanctioned for Phase-2 campus development
🔖 A move that honors visionary leadership and urban academic growth.
🏦 Banking
& Economy News
💳 RBI
Removes Prepayment Penalty on MSE Floating Loans from 2026
From January 1, 2026, no prepayment charges will
apply on floating
rate loans taken by Micro and Small Enterprises (MSEs).
📈 Aim:
·
Enhance financial inclusion
·
Encourage healthy lending practices
·
Ensure borrower freedom
💸 CBDT
Raises Cost Inflation Index (CII) to 376 for FY 2025–26
The Cost
Inflation Index is set at 376, offering relief
on long-term
capital gains.
🔍 Taxpayers selling assets before July 23, 2024, can
choose:
·
20% tax with indexation
·
Or a 12.5% flat rate
📝 Ensures inflation protection despite
changes in Finance
Act 2024.
🔐 RBI
Mandates Banks to Use DoT's Financial Fraud Risk Indicator
To curb digital scams, RBI has asked banks to adopt DoT’s AI-powered Financial Risk
Indicator (FRI).
⚙️ Functions:
·
Identifies high-risk mobile numbers
·
Uses data from NCRP, Chakshu, etc.
💼 Leading platforms like PhonePe, Paytm, HDFC Bank already
onboard
🎯 Aligns with Digital India’s cybersecurity goals
🏦 slice
Launches India’s First UPI-Powered Bank Branch
Fintech startup slice has opened
India’s first UPI-only
bank branch in Bengaluru.
🔑 Features:
·
UPI ATM for cash deposits
& withdrawals
·
Credit cards with 3% cashback, no joining fees, and EMI support
🌍 Objective: Democratize access to digital banking for
over 300
million Indians
💼 Business
News
📡 Reliance
Jio Becomes World's Largest Fixed Wireless Access Provider
With over 20 million users, Reliance Jio now
leads globally in Fixed
Wireless Access (FWA).
📶 Jio AirFiber (launched Sept 2023) + 5G push = rural digital revolution
🌐 Bridges the urban-rural internet divide and
strengthens India’s digital economy.
📊 Economy
Snapshot
📈 Maharashtra
Tops State-Wise GST Collection for June 2025
India’s top GST contributors in
June 2025:
1. Maharashtra – ₹30,553 crore
2. Karnataka – ₹13,409 crore
3. Gujarat – ₹11,404 crore
🚛 Growth Drivers:
·
Manufacturing, logistics, services, and urban consumption
🌏 North-eastern states showed potential in tourism and warehousing,
though with lower contributions.
🌍 International
Relations
🎖️ PM
Modi Receives 'Order of the Star of Ghana'
In a landmark diplomatic event, PM Narendra Modi was
awarded Ghana’s highest
civilian honor by President John Mahama.
🤝 Agreements Signed:
·
Launch of India-Ghana Skill Centre
·
UPI expansion, educational support, and healthcare funding
🌐 Aim: Double bilateral trade in 5 years and
boost South-South
cooperation
🏛️ Schemes
& Initiatives
🛡️ ESIC
Launches SPREE 2025 – Social Security Push
The Employees’
State Insurance Corporation (ESIC) announced SPREE 2025, a special
scheme running from July 1 to Dec 31, 2025.
🎯 Highlights:
·
Encourages voluntary registration under
the ESI Act
·
No retrospective
penalties or inspections
·
Focuses on contract and informal workers
📌 Supports the government’s goal of universal labor welfare coverage
🏙️ Conferences
& Events
🏛️ India
Hosts National Conference for Urban Local Body Chairpersons
Inaugurated by Lok Sabha Speaker Om Birla in Gurugram, the first-ever conference of
ULB Chairpersons promotes:
·
Grassroots governance
·
Women’s leadership in
urban development
·
Urban sustainability
for Vision 2047
💬 Platform for sharing innovative solutions and strengthening local democratic structures.
🔬 Science
& Technology
⚡ Indian
Scientists Develop Next-Gen Supercapacitor with Lanthanum
A team led by Dr. Kavita Pandey at CeNS Bengaluru has
developed an eco-friendly
supercapacitor using lanthanum-doped silver niobate
nanoparticles.
📊 Achievements:
·
118% energy retention
·
100% efficiency
🌿 Applications: Portable electronics, electric vehicles, and renewable energy systems.
🧾 Conclusion
From flood preparedness to global honors, digital finance breakthroughs,
and grassroots
reforms, July 3, 2025, reflects India’s multi-dimensional
growth.
🎯 This daily GK update serves as a powerful tool for your UPSC, SSC, Banking, and State PSC
exam prep.
📚 Stay Updated. Stay Ahead.
