Daily Current Affairs — 6 August 2025
6 articles • UPSC Prelims & Mains
Role of Small Ruminants in Economy and Nutritional Security
Context India has made significant strides in the dairy sector, but the potential of small ruminants (goats, sheep) and poultry remains underutilised. Dairy Sector of India Global Leadership: India is the world’s largest milk producer, contributing 24.76% of global milk output. Production Growth: Milk production rose from 146.31 million tonnes in 2014-15 to 239.30 million tonnes in 2023-24.
RBI Holds Repo Rate and Lowers Inflation Forecast
Context The Reserve Bank of India’s (RBI) in its Monetary Policy Committee (MPC) meeting decided to keep the repo rate unchanged at 5.50%. What is the Repo Rate? The repo rate is the rate at which the RBI lends short-term money to commercial banks.
Money Laundering
In News As per a report submitted in the Rajya Sabha, the Enforcement Directorate (ED) has taken up 5,892 cases under the Prevention of Money Laundering Act (PMLA) since 2015 but only 15 have resulted in convictions. Money Laundering Money laundering is the process of making illegally obtained money appear legitimate by channeling it through complex financial transactions. Under Section 3 of the Prevention of Money Laundering Act (PMLA), 2002, it involves concealing, possessing, acquiring, or us
US 25% Tariff Likely to Hit Seafood Exports from Andhra Pradesh
Context U.S. President Donald Trump announced a 25% tariff on Indian products; the aquaculture sector in Andhra Pradesh is likely to be severely affected. About Indian exporters are presently paying 10% tariffs and additional anti-dumping duty of 4.5% and countervailing duty of 5.8%.
President of Philippines State Visit to India
Context The President of the Philippines first time visited India since assuming office in 2022. About India and the Philippines have decided to boost their defence and maritime links, begin direct flights and start negotiating a new trade deal as they upgrade their ties to the level of a strategic partnership. Both sides also announced the commencement of talks for a preferential trade agreement.
Cloudburst Triggers Flash Floods in Dharali, Uttarakhand
In News A cloudburst over the Kheer Ganga River (a tributary of Alaknanda River) led to flash floods in the high altitude villages of Dharali in Uttarakhands Uttarkashi district. What is Cloudburst? A cloudburst is a localized, extremely intense rainfall event where more than 100 mm of rain falls within an hour over a small area (typically about 10 km²).