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Daily Current Affairs: 7 July 2026

Current affairs of 7 July 2026: UFOSS: DRDO Deep Ocean Watch Undersea Sensor Network; UNGCP: India Chairs UNCTAD Consumer Protection Experts Meet; ICMR-MINDS: Gold at National e-Governance Awards 2026, and 12 more topics. Key facts for every exam, with a quiz.

15 TOPICSDaily CurrentAffairs7 July 2026In focus: UFOSS: DRDO Deep Ocean Watch…safalsetu.com

National Affairs

Banking & Finance

Economy

3. RBI Capital Market Exposure Norms: Tighter Bank Lending Rules

  • RBI's new capital market exposure rules, effective 1 July 2026, cap total exposure at 40% and direct exposure at 20% of Tier-I capital.
  • Bank finance for proprietary trading by brokers is banned; market-making is the only exception.
  • Loans to capital market intermediaries need 100% collateral; bank guarantees need at least 50% collateral, 25% of it in cash.
  • LTV limits are 60% on listed shares, 75% on MF/ETF/REIT/InvIT and 85% on debt mutual funds.
Full notes and 3 MCQs ›

International Affairs

Economy

5. UNGCP: India Chairs UNCTAD Consumer Protection Experts Meet

  • India chaired the Ninth Session of the UNCTAD Intergovernmental Group of Experts on Consumer Protection Law and Policy, 6 to 8 July 2026, Geneva.
  • Nidhi Khare, Secretary, Department of Consumer Affairs, represented India.
  • UNGCP was adopted by UNGA Resolution 39/248 on 16 April 1985; it is non-binding soft law.
  • The session was to formally unveil the new UN consumer product safety principles that UNGA adopted in December 2025.
Full notes and 3 MCQs ›

Science & Technology

Environment & Ecology

Defence & Security

Science & Technology

10. UFOSS: DRDO Deep Ocean Watch Undersea Sensor Network

  • DRDO started "Deep Ocean Watch", a plan to place a home-built UFOSS (fibre-optic sensing network) on the Indian Ocean floor.
  • NPOL Kochi leads the project; the EoI was issued on 20 June 2026 with a 1 September 2026 deadline.
  • UFOSS is a fixed network of acoustic and hydrographic sensors linked by armoured fibre cables to shore stations, with a 20-year life.
  • Execution target is 48 months from contract award; a lead integrator may team up with up to 5 firms.
Full notes and 3 MCQs ›

Awards & Persons

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28 questions from the news of 7 July 2026, with answers and explanations.

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