Daily Current Affairs 10th July 2025, Important News Headlines (Daily GK Update)

National News

Stamp Released to Honour Syama Prasad Mookerjee’s 125th Birth Anniversary

• A commemorative postage stamp was released on July 9, 2025, by the Department of Posts to mark the 125th Birth Anniversary of Syama Prasad Mookerjee.
• The event was held at Siri Fort Auditorium, Delhi, and featured cultural performances, an exhibition, and a short documentary.
• The stamp, designed by Smt. Nenu Gupta, reflects Mookerjee’s work in education, national unity, and constitutional development.
• The launch was attended by Union Ministers and other top officials.

State News

Delhi Launches ‘Saheli Card’ for Free Bus Travel

• The Delhi Transport Corporation (DTC) will soon replace its pink ticket system with a new ‘Saheli Smart Card’ for free bus travel.
• Only women and transgender persons living in Delhi will be able to get the card, using Aadhaar and address proof.
• The card aims to stop misuse, ensure the benefit goes to the right people, and support a modern, cashless, and connected transport system.
• The Saheli Card, along with Zero KYC and Full KYC Cards, is part of a larger digital plan that includes QR-based tickets, NCMC integration, and mobile apps for smoother travel across Delhi’s public transport network.

Banking News

Big Government Payments to Go Through RBI e-Kuber From July 16

• From July 16, 2025, all government payments above ₹75 crore must be made through the RBI’s e-Kuber system to improve transparency, speed, and real-time tracking.
• The earlier limit of ₹500 crore has now been lowered, with some transactions needing e-Kuber from ₹100 crore onward.
• The move will shorten the time for account reconciliation to just 24 hours and could further reduce the payment limit to ₹50 crore next year, making public finance systems more efficient and accountable.

Public Sector Banks to Raise ₹45,000 Crore via Share Sale in FY26

• Indian public sector banks will raise around ₹45,000 crore in FY26 through Qualified Institutional Placement (QIP) of shares, starting with SBI.
• The government also plans to complete its stake sale in IDBI Bank by October 2025 and sell shares in several other PSU banks.
• These moves are part of the government’s ₹47,000 crore disinvestment plan announced in the Union Budget 2025–26, aimed at strengthening banks and encouraging private investment.

Business News

Nvidia Becomes First Company to Reach $4 Trillion Value

• Nvidia became the first publicly traded company to reach a $4 trillion market value, thanks to a 1,350% rise in its stock since October 2022.
• The company now has the largest share in the S&P 500, showing its growing power in the stock market.
• Other tech giants like Microsoft, Apple, and Amazon are also close behind, with the technology sector now making up one-third of the S&P 500.
• This event proves how important Nvidia and other tech companies have become to the global economy.

Agreements News

India and Namibia Sign Key Deals During PM Modi’s Visit

• During Prime Minister Narendra Modi’s visit to Namibia on July 9, 2025, India and Namibia signed two key MoUs—one to set up an Entrepreneurship Development Center and another for cooperation in health and medicine.
• Namibia also joined the Coalition for Disaster Resilient Infrastructure (CDRI) and the Global Biofuels Alliance (GBA).
• In a historic move, Namibia became the first country to sign a licensing agreement to adopt India’s UPI digital payment technology, marking a big step in global digital cooperation and India-Africa ties.

Awards News

PM Modi Gets Namibia’s Top Civilian Honour

• Prime Minister Narendra Modi received Namibia’s highest civilian honour, ‘The Order of the Most Ancient Welwitschia Mirabilis’, on Wednesday during a state visit to the African country.
• Namibian President Netumbo Nandi-Ndaitwah gave the award, which recognises leadership and strong global partnerships.
• Modi dedicated the award to the people of India and celebrated the friendly and historic bond between India and Namibia.
• This was Modi’s 27th global honour, and the event is seen as a step forward in strengthening future cooperation between the two nations.

Sarankumar Limbale Wins Chintha Raveendran Award 2025

• Marathi writer Sarankumar Limbale has been selected for the Chintha Raveendran Award 2025, which includes a ₹50,000 cash prize, memento, and citation.
• The award will be given on July 26 at K.P. Kesavamenon Hall in Kozhikode, during the Chintha Raveendran commemoration event.
• Former MP Subhashini Ali will speak on ‘Manuvadi Hindutva’, and writer N.S. Madhavan will preside.
• The award honours Limbale’s contribution to Dalit literature and social thought, marking his influence in promoting equality and justice through writing.

Books & Authors News

‘Das Paise ka Postcard’ Book Brings Back the Postcard Era

• A new book titled “Das Paise ka Postcard” by S.N. Ahmed, a retired Indian Army officer, was released on July 10, 2025, in Hyderabad.
• The book, which highlights the emotional value of postcards from the past, was launched by actor and director Vinay Varma.
• It will soon be adapted into a stage play, aiming to revive the memories of handwritten letters and their role in human connection.
• The book is a heartfelt tribute to the postcard era, reminding us of the beauty of simple, personal messages.

Defense News

India Launches First Indigenous Diving Support Ship INS Nistar

• On July 9, 2025, the Indian Navy received INS Nistar, its first indigenously designed and built Diving Support Vessel (DSV), from Hindustan Shipyard Limited (HSL) in Visakhapatnam.
• With 75% indigenous content, INS Nistar can perform deep sea diving up to 300 metres, rescue trapped submariners using DSRV, and carry ROVs for operations up to 1000 metres.
• This modern ship supports the Navy’s underwater missions and reflects the goals of Aatmanirbhar Bharat and Make in India.

Japan and India Coast Guards Begin Sea Exercise in Chennai

• The Japanese Coast Guard Ship JCGS Itsukushima reached Chennai Port on July 7, 2025, as part of the Global Ocean Voyage Training.
• The six-day visit includes joint training, official meetings, and a sea exercise named ‘Jaa Mata’.
• Senior officials like Captain Naoki Mizoguchi, Vice Admiral Hiroaki Kaosue, and Director General Paramesh Sivamani are part of the engagement.
• This visit strengthens the India-Japan maritime partnership and supports regional goals like SAGAR and the Indo-Pacific Oceans Initiative.

Ranks & Reports News

Trade and Development Foresights 2025 – UNCTAD Report

• The UNCTAD Trade and Development Foresights 2025 report warns of a global economic slowdown with growth projected at 2.3% in 2025, signaling recession risks due to policy uncertainty, trade barriers, and financial volatility.
• The VIX (fear index) has surged, and safe-haven investments like gold and US bonds are rising. Despite rate cuts, bond yields and borrowing costs remain high, worsening the debt crisis in developing countries.
• India is a bright spot, with strong domestic demand, IT services exports, macroeconomic stability, and a growing role in South–South trade.
• However, challenges persist with shrinking merchandise trade, rising military spending in G7 nations, and a drop in Official Development Assistance (ODA), threatening SDGs and development financing.

Schemes News

10 Years of PM Fasal Bima Yojana: What’s Working, What Needs Change?

• Dr. Lavanya R. Mundayur, head of AIC, shared her views on the 10-year journey of the Pradhan Mantri Fasal Bima Yojana in New Delhi.
• She said the scheme has shown progress, especially in bringing non-loanee farmers under coverage, but the overall reach has flattened.
• She recommended greater central funding, a national-level model, and independent third-party evaluation.
• These steps can help make PMFBY more affordable, transparent, and useful for India’s small and marginal farmers.

Andhra Pradesh Launches Digi-Lakshmi to Empower Urban Women

• The Government of Andhra Pradesh launched the Digi-Lakshmi scheme on June 30, 2025, to help urban poor women become entrepreneurs.
• Under this plan, 9,034 Common Service Centres (CSCs) will be set up in Urban Local Bodies, each run by Self-Help Group (SHG) women.
• These centres, called ATOM Kiosks, will provide around 250 public services.
• The Mission Director of MEPMA will lead the project, and women will get training and loans of ₹2 to ₹2.5 lakh to start their centres.
• The scheme is part of the ‘One Family, One Entrepreneur’ mission and aims to support women empowerment and digital job creation across Andhra Pradesh.

Summits & Conferences News

11th Maize Summit: Big Plans to Boost Maize Farming in India

• At the 11th India Maize Summit held on July 7, 2025, in New Delhi, Union Minister Shivraj Singh Chouhan launched a bold plan for a Maize Revolution.
• He stressed the use of research, technology, and field programs like Viksit Krishi Sankalp Abhiyan to help farmers.
• Uttar Pradesh showed major success under its Accelerated Maize Development Program, and experts shared how maize supports India’s ethanol goals, livestock feed, and climate-smart farming.
• With efforts from the government, industry, and scientists, India aims to become a global leader in maize.

Harsh Malhotra Opens India Energy Storage Week 2025

• Minister Harsh Malhotra inaugurated the India Energy Storage Week 2025 on July 10 at Yashobhoomi, Delhi, highlighting India’s journey toward clean mobility.
• He emphasized the government’s efforts through schemes like FAME-II and PM e-Drive, support for EV-friendly policies, and development of green logistics parks.
• The Minister also stressed the need for local battery technology, recycling, and investment in renewable energy.
• These steps are part of India’s larger mission to achieve the Net Zero target by 2070 and generate 500GW of green energy by 2030.

Science & Technology News

Switzerland Clears First Malaria Medicine for Small Babies

• Switzerland’s health authority, Swissmedic, has given its first approval to a malaria medicine for infants, made by Novartis. The approval came on July 9, 2025, and applies to babies weighing 2 to 5 kilograms.
• The decision is important because malaria kills thousands of children, especially in Africa, where 95% of global malaria deaths occurred in 2023.
• Experts say the new medicine is safe and effective, and it will be offered on a not-for-profit basis in malaria-hit countries.
• This move could help protect the youngest lives in the fight against one of the world’s deadliest diseases.

MIB Launches Kalaa Setu Challenge to Boost AI in Regional Languages

• The Ministry of Information and Broadcasting (MIB) has launched the Kalaa Setu – Real-Time Language Tech for Bharat Challenge via its WaveX Startup Accelerator Platform.
• The challenge calls on AI startups across India to build tools that turn text into audio, video, or graphics in various Indian languages.
• Applications can be submitted on the WaveX portal by July 30, while the Bhasha Setu translation challenge closes on July 22.
• This effort is part of the WAVES initiative, aiming to boost innovation in media and language tech.

Andhra Pradesh Launches Smart AI System to Fight Mosquitoes