Current Affairs One - Liner : 1st July 2025

National:

PM Modi inaugurated the centenary of Acharya 108 Vidyanand Ji Maharaj on June 28, 2025, in New Delhi. He was honoured with the title Dharma Chakravarti and released a commemorative stamp, coin, and biography. The centenary year will run till April 22, 2026.

On June 27, 2025, Maharashtra CM Devendra Fadnavis inaugurated India’s first Hedging Desk in Pune under the Balasaheb Thackeray Agribusiness and Rural Transformation (SMART) Project. It helps farmers hedge against price risks for cotton, turmeric, and maize, supported by National Commodity & Derivatives Exchange (NCDEX) and NCDEX Institute of Commodity Markets and Research (NICR).
The Kailash Mansarovar Yatra resumed on June 30, 2025, after a five-year pause due to COVID-19 and border tensions. It follows the Lipulekh Pass route in Uttarakhand, allowing 750 Indian pilgrims in 15 groups. The journey spans 22 days, including travel, acclimatization, and parikrama of Mount Kailash. The yatra holds deep spiritual value across Hinduism, Buddhism, Jainism, and Bon traditions.
On July 1, 2025, the Union Cabinet approved the National Sports Policy 2025 (Khelo Bharat Niti) to make India a global sporting powerhouse. The policy emphasizes excellence, mass participation, and integration with education under NEP 2020. Anchored on five pillars, it promotes grassroots talent, sports science, indigenous games, and PPP-driven infrastructure.

International:

On July 1, 2025, the U.S. Senate narrowly passed President Donald Trump’s “One Big Beautiful Bill” with a 51–50 vote, broken by VP JD Vance. The 940-page bill extends tax cuts, boosts border security, and slashes welfare programs. Amendments added a $25B rural hospital bailout and softened cuts to Medicaid and SNAP.

Banking:

India’s external debt rose to USD 736.3 billion in March 2025, up from USD 668.8 billion the previous year. The debt-to-GDP ratio increased to 19.1%, compared to 18.5% in 2024. RBI released this data on June 27, 2025, noting a valuation gain of USD 5.3 billion due to dollar appreciation. US Dollar debt share was highest at 54.2%, followed by INR, Yen, SDR, and Euro.

MoUs:

On July 1, 2025, the Central Electricity Authority (CEA) and IIT Roorkee signed an MoU in New Delhi to boost collaboration in power sector innovation. The agreement focuses on capacity building, joint research, and advancing India’s clean energy transition. Key areas include hydropower, green hydrogen, e-mobility, and grid modernization.

Science & Technology:

On June 29, 2025, Japan launched the GOSAT-GW satellite aboard its H-2A rocket from Tanegashima Space Center, marking the rocket’s 50th and final flight. The mission aims to monitor greenhouse gases like carbon dioxide and methane, along with precipitation and sea surface temperatures. This satellite strengthens Japan’s climate monitoring contributions and supports global efforts.

Defence:

On June 27, 2025, Mazagon Dock Shipbuilders Ltd (MDL) acquired a 51% stake in Colombo Dockyard PLC for ₹452 crore. This marks India’s first international shipyard acquisition, expanding its maritime reach in the Indian Ocean Region. Shares were purchased from Onomichi Dockyard Co. (Japan) through primary and secondary deals.

Apps & Portals:

On June 29, 2025, the Ministry of Statistics and Programme Implementation (MoSPI) launched the GoIStats mobile app to promote easy access to official data. It features dashboards for key indicators like GDP, inflation, and employment, along with infographics and real-time updates.
On July 1, 2025, Indian Railways launched the RailOne App as a unified platform for all passenger services. Inaugurated by Railway Minister Ashwini Vaishnaw during CRIS’s 40th Foundation Day, the app offers ticket booking, live tracking, e-catering, and complaint redressal. It features single sign-on, R-Wallet, and a 3% discount on unreserved tickets.

Important Days:

National Postal Worker Day is observed on July 1 to honor the dedication of postal employees. First celebrated in 1997, it appreciates their role in connecting communities. The 2025 theme is “Innovating Delivery: Honoring Postal Workers in the Digital Age”.
Chartered Accountants Day is celebrated on July 1 to mark the founding of the Institute of Chartered Accountants of India (ICAI) in 1949. The 2025 celebration marked its 77th Foundation Day, honoring the vital role of CAs in ensuring financial transparency and economic growth.
National U.S. Postage Stamp Day is celebrated on July 1 to commemorate the issuance of the first U.S. postage stamps in 1847, featuring Benjamin Franklin and George Washington. The day honors the evolution of the American postal system and the role of stamps in connecting people across distances.

Appointments:

Parag Jain, a 1989-batch IPS officer, will take charge as RAW chief on July 1, 2025. He succeeds Ravi Sinha and will serve a fixed two-year tenure. Jain earlier led the Aviation Research Centre and Operation Sindoor.
The tenure of Ravi Agrawal, a 1988-batch Indian Revenue Service (IRS) officer, as Chairman of the Central Board of Direct Taxes (CBDT) has been extended till June 30, 2026, on a contract basis. Initially appointed in June 2024, he succeeded Nitin Gupta.
On July 1, 2025, Kesavan Ramachandran was appointed as Executive Director (ED) of the Reserve Bank of India (RBI). A 1988-batch RBI officer, he now heads the Prudential Regulation Division. He brings over 30 years of experience in supervision, training, and risk management.

Obituaries:

Renowned hypnotist and psychologist Dr. BV Pattabhiram passed away at the age of 75 on July 1, 2025, in Hyderabad. He was a pioneer in using hypnosis for personality development, authoring over 100 self-help books and founding India’s first magic school.