Daily Current Affairs: 27 & 28 July 2025

Current affairs of 27 & 28 July 2025: NISAR: NASA-ISRO Radar Satellite Mission Explained; Sohrai Art of Jharkhand: Tribal Mural Tradition Explained; Exercise Bold Kurukshetra 2025: India-Singapore Army Drill, and 10 more topics. Key facts for every exam, with a quiz.

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In this issue: 13 topics

National Affairs

Sohrai Art of Jharkhand: Tribal Mural Tradition Explained
NCMC gets statutory backing under Disaster Management Amendment Act 2025

Banking & Finance

KYC Reform in India: Gaps and Fixes Suggested
Payment Banks Seek RBI Relief on SLR, Lending and Deposit Cap
Xflow Gets RBI In-Principle Nod as Cross-Border Aggregator
SEBI Revokes Jane Street Ban After ₹4,844 Crore Escrow

Economy

Six Priority Sectors Picked to Revive FDI Inflows

Agriculture & Rural

Smart Farming and Soil Health: Horticulture’s 33% Share of Agri-GVA

Science & Technology

NISAR: NASA-ISRO Radar Satellite Mission Explained
CERT-In Issues Comprehensive Cyber Security Audit Guidelines

Environment & Ecology

Great Indian Bustard: Power Corridors for Transmission Lines

Defence & Security

Exercise Bold Kurukshetra 2025: India-Singapore Army Drill

Reports & Indexes

Financial Inclusion Index 67.0: RBI’s FI Index Mar 2025

National Affairs

History, Art & Culture

1. Sohrai Art of Jharkhand: Tribal Mural Tradition Explained

Sohrai art was showcased at Kala Utsav 2025; President Droupadi Murmu called it the soul of India.
A ritual mural tradition of the Santhal, Munda and Oraon tribes, practised by women.
Painted at Diwali and harvest festivals.

Full notes and 3 MCQs ›

Polity & Governance

2. NCMC gets statutory backing under Disaster Management Amendment Act 2025

The National Crisis Management Committee gained statutory backing under the amended Disaster Management Act, 2005 (Section 8A(2)).
The Cabinet Secretary heads the NCMC; members include home secretary, defence secretary and NDMA head.
The chairperson can co-opt experts depending on the nature of the crisis.
The amendment lets states create their own State Disaster Response Forces and sets up Urban Disaster Management Authorities.

Full notes and 3 MCQs ›

Banking & Finance

Polity & Governance

3. KYC Reform in India: Gaps and Fixes Suggested

KYC helps trace money trails to deter terrorism, corruption, drug trafficking and scams.
CKYC (CERSAI) only stores data, while SEBI's KRAs allow reuse of KYC across intermediaries.
Suggested fixes: penalties for ignoring RBI norms, validating CKYC, interoperability and portability.

Full notes and 3 MCQs ›

Banking & Finance

4. Payment Banks Seek RBI Relief on SLR, Lending and Deposit Cap

Payment banks asked RBI to cut SLR, allow loans up to ₹5 lakh and raise the deposit cap to ₹5 lakh.
Now: 75% of demand deposits go into G-Secs up to one year; 25% into deposits with scheduled banks.
An SLR cut of 10+ points could lift NIMs by 50 bps to 1%.

Full notes and 3 MCQs ›

Banking & Finance

5. Xflow Gets RBI In-Principle Nod as Cross-Border Aggregator

Bengaluru fintech Xflow received RBI in-principle approval to operate as a cross-border payment aggregator (PA-CB).
The approval covers both import and export flows.
Only six firms hold full RBI PA-CB licences.

Full notes and 3 MCQs ›

Economy

6. SEBI Revokes Jane Street Ban After ₹4,844 Crore Escrow

SEBI lifted trading curbs on US-based HFT firm Jane Street.
The firm first deposited ₹4,844 crore in an escrow account.
The probe concerns alleged index manipulation on derivatives expiry days.

Full notes and 3 MCQs ›

Economy

7. Six Priority Sectors Picked to Revive FDI Inflows

Net FDI inflows slowed, so the government and Invest India shortlisted six sectors for outreach.
Sectors: ESDM, non-leather footwear, chemicals, medical devices, toys, EVs.
Tools: value chain mapping, PLI schemes and tariff incentives.

Full notes and 3 MCQs ›

Agriculture & Rural

Agriculture & Rural Development

8. Smart Farming and Soil Health: Horticulture’s 33% Share of Agri-GVA

Horticulture contributes about 33% of agricultural GVA (IBEF, 2024).
Drones can lift yields 30-35%; Farmonaut and Fasal IoT report 15-30%.
Over 70% of cultivated land is degraded (NBSS&LUP, 2023).

Full notes and 3 MCQs ›

Science & Technology

9. NISAR: NASA-ISRO Radar Satellite Mission Explained

NISAR, a joint NASA-ISRO mission, was set to launch on GSLV Mk-II from Sriharikota on 30 July 2025.
It is the first dual-frequency SAR satellite, combining NASA's L-band and ISRO's S-band.
Orbit is sun-synchronous polar at 747 km; revisit every 12 days.

Full notes and 3 MCQs ›

Polity & Governance

10. CERT-In Issues Comprehensive Cyber Security Audit Guidelines

CERT-In issued comprehensive cyber security audit policy guidelines.
All public and private organisations managing digital systems must follow them.
Third-party audits are required at least annually.
Sectoral regulators may demand more frequent audits.

Full notes and 3 MCQs ›

Environment & Ecology

11. Great Indian Bustard: Power Corridors for Transmission Lines

Expert panel suggested power corridors for transmission lines in Gujarat and Rajasthan.
Great Indian Bustard: critically endangered, fewer than 150 left as of 2018.
Protected under Schedule I of the Wild Life (Protection) Act, 1972.

Full notes and 3 MCQs ›

Defence & Security

International Relations

12. Exercise Bold Kurukshetra 2025: India-Singapore Army Drill

The 14th edition of Exercise Bold Kurukshetra, between India and Singapore, began in Jodhpur in 2025.
It focuses on mechanised warfare and UN peacekeeping simulations.
It runs under the India-Singapore Defence Cooperation Agreement.
Participants are the Indian Army's Mechanised Infantry Regiment and Singapore's 42nd Armoured Regiment.

Full notes and 3 MCQs ›

Reports & Indexes

Banking & Finance

13. Financial Inclusion Index 67.0: RBI’s FI Index Mar 2025

The RBI's FI Index for the year ended March 2025 scored 67.0; the index began in 2021.
It has three parameters: access, usage and quality.
This year's gain came mostly from better usage and quality, not new access.

Full notes and 3 MCQs ›

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15 questions from the news of 27 & 28 July 2025, with answers and explanations.

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Daily Current Affairs: 27 & 28 July 2025

In this issue: 13 topics

National Affairs

1. Sohrai Art of Jharkhand: Tribal Mural Tradition Explained

2. NCMC gets statutory backing under Disaster Management Amendment Act 2025

Banking & Finance

3. KYC Reform in India: Gaps and Fixes Suggested

4. Payment Banks Seek RBI Relief on SLR, Lending and Deposit Cap

5. Xflow Gets RBI In-Principle Nod as Cross-Border Aggregator

6. SEBI Revokes Jane Street Ban After ₹4,844 Crore Escrow

Economy

7. Six Priority Sectors Picked to Revive FDI Inflows

Agriculture & Rural

8. Smart Farming and Soil Health: Horticulture’s 33% Share of Agri-GVA

Science & Technology

9. NISAR: NASA-ISRO Radar Satellite Mission Explained

10. CERT-In Issues Comprehensive Cyber Security Audit Guidelines

Environment & Ecology

11. Great Indian Bustard: Power Corridors for Transmission Lines

Defence & Security

12. Exercise Bold Kurukshetra 2025: India-Singapore Army Drill

Reports & Indexes

13. Financial Inclusion Index 67.0: RBI’s FI Index Mar 2025

Test yourself