Daily Current Affairs — 7 July 2025
7 articles • UPSC Prelims & Mains
‘Invisible Hand’ in India’s Foreign Trade
In News Indias foreign trade dynamics have shifted significantly over the past two decades, with invisibles—exports of services and remittances from Indians abroad—now playing a more crucial role than physical goods. India’s Service Sector India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with
Concern over Falling Household Savings in India
Context India is witnessing a structural transformation marked by declining net financial savings, rising household debt, and a shifting asset composition. What is Household Savings? Household saving is the difference between a household’s net disposable income and its total consumption expenditure, including taxes and debt repayments.
Cooperatives: The Economic Backbone of India
Context The Union Cooperation Minister laid the foundation stone for India’s first national-level cooperative university, ‘Tribhuvan Sahkari University’ (TSU), in Anand, Gujarat. What are Cooperatives? A cooperative (or co-op) is an organization or business that is owned and operated by a group of individuals who share a common interest, goal, or need.
India Ranks 4th among the World’s Most Equal Societies
Context According to the World Bank, India’s Gini Index stands at 25.5, making it the fourth most equal country in the world. Major Highlights India was placed after the Slovak Republic, Slovenia and Belarus. India’s score is much lower than China’s 35.7 and far lower than the United States, which stands at 41.8.
17th BRICS Summit in Brazil
Context Prime Minister Narendra Modi addressed the BRICS Summit Plenary session on ‘Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence. Major Highlights of the BRICS Summit The BRICS Leaders’ Declaration, adopted at the summit reflected India’s key concerns, especially on cross-border terrorism and global governance reforms. PM Modi said that the majority of the world’s population is not properly represented in key global institutions.
Studying in Mother Tongue Instils Strong Values: CJI
Context Recently, the Chief Justice of India underscored the enduring value of education in one’s mother tongue, calling it a cornerstone of personal growth and ethical grounding. About A language is an umbrella term which contains many mother tongues. India is a linguistically diverse country, and one of the richest in the world — with over 1,300 rationalized mother tongues and 122 major languages spoken by more than 10,000 people each.
Assessment of Earthquake for GNIP
Context The Environment Impact Assessment (EIA) study carried out for the Great Nicobar Infrastructure Project (GNIP) downplays the risk of future earthquakes that could trigger tsunamis on the scale that was seen in 2004. About The GNIP envisages a trans-shipment port, an international airport, township development, and a 450 Megavolt-Amperes (MVA) gas and solar-based power plant in the GNI. It was accorded an environment and preliminary forest clearance by the Centre.