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Daily Current Affairs: 4 July 2025

Current affairs of 4 July 2025: National Sports Policy 2025 Approved by Cabinet; BHARAT Study: IISc Biomarkers for Healthy Ageing in India; NITI Aayog Chemical Industry Roadmap for Global Value Chains, and 12 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)July 2025

In this issue: 15 topics

National Affairs

Alluri Sitarama Raju 128th birth anniversary observed on 4 July

Government Schemes

National Sports Policy 2025 Approved by Cabinet

Banking & Finance

Finance Ministry Pushes PSBs to Open More Branches
Chhoti SIP: AMFI Asks Fund Houses for ₹250 SIP Plans
DSP Global Equity Fund: First Retail Offshore MF from GIFT City
RBI Prepayment Charge Ban on Floating Rate Loans
Mashreq Bank Gets IFSCA Nod for GIFT City IBU

Economy

New CPI Series: Wider Basket, AI-Led Price Tracking

International Affairs

Russia formally recognises Taliban-led Islamic Emirate of Afghanistan

Agriculture & Rural

KisaanSay Plans 500 FPO Tie-ups on 50:50 Profit Share
Micro-Fertiliser Makers Seek Overhaul of Fertiliser Control Order

Science & Technology

BHARAT Study: IISc Biomarkers for Healthy Ageing in India

Environment & Ecology

Model Rules for Felling Trees on Farmland and NTMS Portal

Reports & Indexes

NITI Aayog Chemical Industry Roadmap for Global Value Chains

Awards & Persons

Modi Gets Ghana’s Star of Ghana Honour; Ties Upgraded

National Affairs

History, Art & Culture

1. Alluri Sitarama Raju 128th birth anniversary observed on 4 July

Alluri Sitarama Raju was born on 4 July; sources give 1897 or 1898, and 2025 marks his 128th birth anniversary.
He led the Rampa Rebellion against British rule from 1922 to 1924.
Tribal people called him Manyam Veerudu, meaning hero of the jungle.
He was executed by shooting on 7 May 1924 at Koyyuru.

Full notes and 3 MCQs ›

Government Schemes

Government Schemes

2. National Sports Policy 2025 Approved by Cabinet

The Cabinet approved National Sports Policy 2025, replacing the 2001 policy.
Goal: a global sporting power and readiness for the 2036 Olympics.
Delivery follows a whole-of-government, multi-stakeholder model.

Full notes and 3 MCQs ›

Banking & Finance

Banking & Finance

3. Finance Ministry Pushes PSBs to Open More Branches

Finance Ministry told PSBs to speed up physical branch expansion.
Private banks and small finance banks are growing networks aggressively.
Underserved, semi-urban, rural areas and the Northeast are priorities.

Full notes and 3 MCQs ›

4. Chhoti SIP: AMFI Asks Fund Houses for ₹250 SIP Plans

SEBI's Chhoti SIP idea, first floated in a January 2025 consultation paper, targets ₹250 micro-SIPs.
AMFI wrote to fund houses on June 27 seeking launch plans; subsidy covers only the first three ₹250 SIPs per investor.
SEBI's final circular is still awaited.

Full notes and 3 MCQs ›

Banking & Finance

5. DSP Global Equity Fund: First Retail Offshore MF from GIFT City

DSP Mutual Fund launched India's first retail offshore Global Equity Fund from GIFT City on June 2, 2025.
Minimum ticket $5,000; Indian residents only (NRIs excluded), under LRS with a $250,000 individual cap.
It sits outside SEBI's $7 billion overseas limit.

Full notes and 3 MCQs ›

Banking & Finance

6. RBI Prepayment Charge Ban on Floating Rate Loans

RBI barred prepayment charges on floating rate loans to individuals and MSEs from 1 January 2026.
Covered lenders: commercial banks, Tier 4 urban co-operative banks, NBFC-UL and AIFIs.
Dual rate loans are covered only while the rate is floating at prepayment.

Full notes and 3 MCQs ›

Banking & Finance

7. Mashreq Bank Gets IFSCA Nod for GIFT City IBU

Mashreq Bank became the first UAE-based bank to win in-principle approval for an IBU at GIFT City.
IFSCA granted the approval; operations are expected by Q4 2025.
Planned services: foreign currency loans, trade finance and treasury and risk management products.

Full notes and 3 MCQs ›

Economy

8. New CPI Series: Wider Basket, AI-Led Price Tracking

India planned a new CPI series with a broader basket and updated base year.
It aims to fix the under-representation of services and show rural-urban and inter-state gaps.
Data collection may use AI and eCommerce platforms with a larger sample.

Full notes and 3 MCQs ›

International Affairs

International Relations

9. Russia formally recognises Taliban-led Islamic Emirate of Afghanistan

Russia officially recognised the Taliban-led Islamic Emirate of Afghanistan, the first formal recognition since the 2021 takeover.
As of July 2025, Russia is the only country to recognise the Taliban as Afghanistan's de jure government.
The United Nations has said recognition is not possible while curbs on women's education and employment continue.
The Taliban government has informal ties with China, Pakistan and Qatar, but these are not formal recognition.

Full notes and 3 MCQs ›

Agriculture & Rural

10. KisaanSay Plans 500 FPO Tie-ups on 50:50 Profit Share

KisaanSay plans 500 FPO partners in four to five years, up from 20.
FPOs handle production and costs; KisaanSay does marketing and sales; profit is shared 50:50.
An FPO could earn up to ₹4 crore a year; some already top ₹50 lakh turnover.

Full notes and 3 MCQs ›

11. Micro-Fertiliser Makers Seek Overhaul of Fertiliser Control Order

IMMA wants the Fertiliser Control Order regime overhauled.
It demanded a One Nation, One Licence policy for micro-fertiliser makers.
Compliance costs of 8-15% fall on farmers.

Full notes and 3 MCQs ›

Science & Technology

Science & Technology

12. BHARAT Study: IISc Biomarkers for Healthy Ageing in India

IISc Bengaluru launched the BHARAT Study to set India-specific reference values for healthy-ageing biomarkers.
By 2050 about 20% of Indians (roughly 319 million) will be 60 or older, per UNFPA India.
Lancet 2024 projects Parkinson's cases up 168% and dementia up 200%.

Full notes and 3 MCQs ›

Environment & Ecology

Agriculture & Rural Development

13. Model Rules for Felling Trees on Farmland and NTMS Portal

MoEFCC issued Model Rules for felling trees on agricultural land to promote agroforestry.
The rules mandate a centralised National Timber Management System (NTMS) portal.
Felling up to 10 trees needs only self-declaration with an automated NOC.
More than 10 trees requires physical verification by empanelled agencies.

Full notes and 3 MCQs ›

Reports & Indexes

14. NITI Aayog Chemical Industry Roadmap for Global Value Chains

NITI Aayog's roadmap targets a 12% GVC share and USD 1 trillion output by 2040.
India is the 6th largest chemical producer but holds just 3.5% of GVCs, with a USD 31 billion trade deficit (2023).
Recommendations include mega chemical clusters, an opex subsidy and simpler environmental clearances.

Full notes and 3 MCQs ›

Awards & Persons

International Relations

15. Modi Gets Ghana’s Star of Ghana Honour; Ties Upgraded

PM Modi received Ghana's highest national honour, the Officer of the Order of the Star of Ghana, from President Mahama.
India and Ghana upgraded relations to a Comprehensive Partnership during the 2-3 July 2025 visit.
Four MoUs covered cultural exchange, standards, traditional medicine and Joint Commission Meetings.
Bilateral trade has crossed USD 3 billion; the target is to double it within five years.

Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 4 July 2025, with answers and explanations.