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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Securities and Exchange Board of India Proposes Permitting Credit Rating Agencies to Assess Instruments Outside Its Regulatory Purview 

• The Securities and Exchange Board of India (SEBI) on July 9, 2025, proposed allowing credit rating agencies to rate financial instruments regulated by other financial sector regulators.
• Agencies expanding ratings to such instruments must set up a new unit within six months, as per SEBI’s consultation paper.
• Under SEBI Chairman Tuhin Kanta Pandey, the regulator has adopted a more pragmatic approach and relaxed certain regulations.
• Agencies rating non-SEBI-regulated instruments must charge a fee and maintain arm’s length from businesses rating SEBI-regulated entities.
• SEBI acknowledged industry feedback requesting permission for rating financial instruments under other regulators' purview, including unlisted securities.

Recent news :

• In May 2025, SEBI mandates a minimum ticket size of ₹1 crore for securitised debt instruments (SDIs) for both RBI-regulated and unregulated originators involved in securitisation activities.

About SEBI :

• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters : Mumbai, Maharashtra
• Chairman : Tuhin Kanta Pandey
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance (MoF), GoI.

Reserve Bank of India Releases Draft Guidelines to Regulate Novation of Over-the-Counter Derivative Contracts

• The Reserve Bank of India (RBI) has issued draft Directions 2025 to regulate novation in Over-the-Counter (OTC) derivative contracts under Section 45W of the RBI Act, 1934.

Key Highlights :

• Novation is the replacement of one counterparty in a derivative contract with another, requiring consent from the continuing counterparty.
• An Over-the-Counter (OTC) derivative refers to a non-exchange-traded derivative, including those on electronic trading platforms.
• The draft aims to ensure legal clarity, risk mitigation, and standardised practices across foreign exchange, interest rate, and credit derivatives.
• Novation must be executed via a tripartite agreement at prevailing market rates, ensuring full transfer of rights and obligations.
• The original deal is extinguished upon novation, and associated documents must be handed over to the new counterparty.
• Contracts must comply with applicable RBI master directions
• Industry bodies like FIMMDA (Fixed Income Money Market and Derivatives Association) and FEDAI (Foreign Exchange Dealers' Association of India) are to develop standardised novation templates as per international best practices.
• All novated contracts must be reported by market-makers to the Clearing Corporation of India Ltd (CCIL) trade repository.
• These directions supersede earlier RBI circulars and aim to formalise and harmonise the novation process in India’s OTC derivatives market.
• The Directions come into immediate effect.

Nvidia Surpasses $4 Trillion Valuation, Equals 75% of India’s Total Equity Market Capitalization     

• Nvidia became the first company to cross a $4 trillion market valuation milestone, a historic achievement in the tech and AI sectors.
• Its current market cap is approximately 75% of India’s total equity market capitalization.
• Nvidia’s market value surpasses the total market capitalization of every country except the US, China, Japan, Hong Kong, and India.
• The company’s stock price surged to about $164 per share as of July 2025, marking a 74% rally since April 2025.
• Nvidia’s share price has more than quadrupled since the start of 2023, driven by strong demand in artificial intelligence (AI) and related technologies.
• In comparison, Apple was valued at $3 trillion in early 2022, while Nvidia was valued at around $750 billion then, showcasing Nvidia’s rapid growth.
• Citi analysts increased Nvidia’s target price to $190, citing rising demand for AI infrastructure driven by government investments.
• In India, the largest companies by market cap are Reliance Industries (~$240 billion), HDFC Bank (~$180 billion), and TCS (~$143 billion).
• India’s total equity market capitalization stands at around $5.4 trillion, ranking it 5th globally.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Shivraj Singh Chouhan Launches 11th India Maize Summit with “Maize Revolution” Vision

• Union Agriculture Minister Shivraj Singh Chouhan inaugurated the 11th India Maize Summit in New Delhi, organized by FICCI and ICAR–Indian Institute of Maize Research (IIMR).
• He unveiled a comprehensive plan to boost maize output, elevate farmer incomes, and promote sustainable maize farming across India.

Key Highlights:

• “Maize Revolution” Roadmap: Aims to raise maize production from 42 million t today to 86 million t by 2047, with a focus on farmers’ welfare, research-led practices, and modern techniques.
• Production & Yield Stats:
  • Maize output surged from 10 Mt (1990) to 42 Mt currently.
  • Average yield is 3.7 t/ha, below the global average, signifying scope for improvement.
• Lab-to-Land Initiative: Under Viksit Krishi Sankalp Abhiyan, 11,000 scientists and officers were deployed to 7,000–8,000 villages to transfer lab innovations directly to farmers.
• UP Accelerated Maize Development Program covered 5.4 lakh ha across 24 districts this year.
• State yield rose to 34 q/ha, projected to exceed 40 q/ha.
• 15+ maize‐processing companies onboard, exploring value-added uses like fiber and bio-plastics.

Ministry of Information & Broadcasting Launches ‘Kalaa Setu’ Challenge to Foster AI Content Tools in Indian Languages

• The Ministry of Information & Broadcasting (MIB) has introduced the ‘Kalaa Setu – Real-Time Language Tech for Bharat’ Challenge via its WaveX Startup Accelerator.
• This national initiative invites startups to develop AI-powered tools that can automatically convert text into video, graphics, or audio content across multiple Indian languages.

Key Highlights:

• Objective: Support startups in building scalable, easy-to-use AI solutions for real-time content creation in regional languages.
• Three Focus Areas:
  • Text-to-Video Generation – AI tools that transform written text into dynamic video.
  • Text-to-Graphics Generation – Automated creation of infographics and visual assets.
  • Text-to-Audio Generation – Conversion of text into natural-sounding speech in Indian languages.
• Application Process:
  • Register via the WaveX portal at www.wavex.wavesbazaar.com.
  • Deadline: July 30, 2025.
• Concurrent Bhasha Setu Challenge: Separate WaveX track for real-time language translation solutions, with applications closing July 22, 2025.
• WaveX & WAVES Initiative: Part of the WAVES programme by MIB, WaveX accelerates media, entertainment, and language-tech startups to drive innovation and accessibility for India’s diverse audiences.

Andhra Pradesh Unveils Smart Mosquito Surveillance System to Curb Mosquito-Borne Diseases

• The Andhra Pradesh government has launched the Smart Mosquito Surveillance System (SMoSS)—an AI-driven framework employing drones, sensors, and IoT to monitor mosquito populations and enable targeted interventions against diseases like dengue and malaria.

Key Highlights:

• AI-Powered Surveillance: Mosquito sensors, drones, and IoT devices will track species, density, and environmental factors (temperature, humidity).
• Pilot Cities & Coverage: Initial deployment across 66 zones in six cities:
  • Visakhapatnam (16)
  • Vijayawada (28)
  • Kakinada (4)
  • Rajamahendravaram (5)
  • Nellore (7)
  • Kurnool (6)
• Precision Control Measures: Data-driven mapping allows selective spraying and fogging, reducing chemical usage and focusing on identified hotspots.
• Integrated Reporting & Response:
  • Vector Control and Puramitra mobile apps enable field workers and residents to report mosquito activity.
  • Hospital data feeds provide daily case updates for real-time hotspot identification and action planning.
• Drones for Larvicide Application: UAVs will deliver larvicide efficiently over large areas, expediting response times.

RECENT NEWS

• Andhra Pradesh Chief Minister N. Chandrababu Naidu announced the launch of ‘Creator Land’, India’s first transmedia entertainment city. Signed through an MoU at the WAVES Summit in Mumbai, the ₹10,000 crore initiative is projected to generate 25,000 jobs and transform Amaravati into a global hub for creative industries and digital innovation.

Andhra Pradesh Unveils ‘Digi-Lakshmi’ Scheme to Empower Urban Poor Women as Digital Entrepreneurs

• The Andhra Pradesh government launched the Digi-Lakshmi scheme to enable urban poor women from Self-Help Groups (SHGs) to run digital service kiosks.
• Under the One Family, One Entrepreneur (OF-OE) initiative, the state will establish 9,034 Common Service Centres (ATOM Kiosks) across all Urban Local Bodies, offering nearly 250 public services and creating sustainable livelihoods for women.

Key Highlights:

• Scheme Objective: Transform SHG women into digital service providers by setting up ATOM Kiosks for services like bill payments, certificate issuance, and scheme applications.
• Coverage: 9,034 kiosks planned in all ULBs of Andhra Pradesh under the Digi-Lakshmi rollout.
• Eligibility Criteria:
  • Age: 21–40 years
  • Marital Status: Married and settled locally
  • SHG Experience: Minimum 3 years active membership
  • Education: Graduate degree with basic technical proficiency
• Support & Financing:
  • Training provided by Mission for Elimination of Poverty in Municipal Areas (MEPMA).
  • Loans of ₹2 lakh to ₹2.5 lakh available to set up and operate kiosks.
• Implementation Structure:
  • Launched by the Municipal Administration & Urban Development Department via G.O. MS. No. 117 issued by Principal Secretary S. Suresh Kumar.
  • Mission Director, MEPMA, responsible for scheme management and oversight.

RECENT NEWS

• The Government of Andhra Pradeshis set to sign a Memorandum of Understanding (MoU) with the Bill & Melinda Gates Foundation in New Delhi . The agreement marks a major step towards integrating Artificial Intelligence (AI), digital technologies, and data-driven governance across key sectors like healthcare, education, agriculture, and employment.

Delhi Launches ‘Saheli Smart Card’ for Free Bus Travel, Replacing Pink Tickets

• The Delhi Transport Corporation (DTC) has discontinued the old pink ticket system and introduced the Saheli Smart Card, providing free bus travel exclusively to Delhi-based women and transgender persons who present valid address proof and Aadhaar.
• The transition aims to eliminate fraud and enhance the transparency of the scheme.

Key Highlights:

• Eligibility Restricted to Delhi Residents: Only women and transgender persons with a Delhi address and a valid Aadhaar card can obtain the Saheli Smart Card; previous pink-ticket holders outside Delhi are excluded.
• Online Application & Delivery: Applicants apply via the DTC website; cards bearing name and photo are mailed post-approval.
• Integrated Smart Mobility:
  • The card follows the National Common Mobility Card (NCMC) standard.
  • Usable on DTC buses, Delhi Metro, feeder buses, parking, and retail payments at participating shops.
• Infrastructure Upgrade: DTC is installing 12,000+ card readers, QR-code ticketing, and mobile apps (in collaboration with DMRC) for recharge, trip planning, and balance checks.
• Additional Card Options:
  • Zero KYC Card: No ID required; rapid issuance; works across travel networks (fare applicable).
  • Full KYC Card: Bank-issued after complete ID verification; enhanced security features.

RECENT NEWS

• India reaffirmed its global leadership in wildlife conservation by hosting the first Assembly of the International Big Cat Alliance (IBCA) in New Delhi.

Commemorative Stamp Released on Syama Prasad Mookerjee’s 125th Birth Anniversary

• The Government of India marked the 125th birth anniversary of Syama Prasad Mookerjee, by releasing a special postage stamp during a cultural ceremony organized by the Ministry of Culture at Siri Fort Auditorium, Delhi.

Key Highlights:

• Stamp Release: The Department of Posts unveiled the commemorative stamp honoring Mookerjee’s contributions to India’s progress and unity.
• Venue & Program:
  • Held at Siri Fort Auditorium, the event featured patriotic music, a special exhibition on Mookerjee’s life, and a theatrical performance by the National School of Drama.
• Dignitaries Present:
  • Shri Gajendra Singh Shekhawat, Union Minister of Culture & Tourism
  • Dr. Jitendra Singh, Minister of State for Science & Technology
  • Col. Akhilesh Kumar Pandey, Chief Postmaster General, Delhi Circle, who presented the first stamp album.
• Design & Tribute: The stamp, designed by Smt. Nenu Gupta, pays homage to Mookerjee’s vision for national unity and inclusive development rooted in Indian values.
• Philatelic Releases: Alongside the stamp, a First Day Cover and a Brochure were issued.
• Availability: All philatelic items are now accessible at Philatelic Bureaus nationwide and online via the India Post website (www.epostoffice.gov.in).

CURRENT AFFAIRS : INTERNATIONAL NEWS

Pakistan and Turkiye Pledge to Deepen Ties in Defence, Trade, Energy, and Infrastructure            

• Pakistan and Turkiye agreed to boost cooperation in defence, trade, energy, and infrastructure during talks on July 9, 2025 in Islamabad.
• Both countries aim to increase bilateral trade volume to $5 billion.

Key Highlights :

• Pakistan’s Foreign Minister Ishaq Dar highlighted the desire to benefit from Turkiye’s expertise in defence and strengthen cooperation for regional peace and stability.
• The Turkish Foreign Minister called defence industry cooperation a "strategic step" and emphasized strengthening ties further.
• Both nations will continue to support each other in counterterrorism efforts.
• Discussions included the revival of the Istanbul-Tehran-Islamabad train, with delegations set to finalize the roadmap
• Pakistan has allocated land for Turkiye’s Maarif School in Muzaffarabad, with evaluation underway by the Maarif Foundation.
• Turkey’s Foreign Minister noted expanding relations in economy, energy, defence, industry, education, and culture.
• Turkey praised Pakistan’s "wisdom-oriented attitude" during recent Pakistan-India tensions.
• The Turkish delegation met Pakistan’s Air Chief Marshal Zaheer Ahmed Baber Sidhu to discuss regional security, ongoing defence cooperation, and future collaboration in emerging warfare domains.
• Turkish President Recep Tayyip Erdogan and Pakistan Prime Minister Shehbaz Sharif recently met during the ECO summit in Azerbaijan.

About Pakistan :

• President : Asif Ali Zardari
• Prime Minister : Shehbaz Sharif
• Capital : Islamabad
• Currency : Pakistani rupee

About Turkey :

• President : Recep Tayyip Erdoğan
• Capital : Ankara
• Currency : Turkish lira

CURRENT AFFAIRS: AWARDS AND HONOURS

Prime Minister Narendra Modi Conferred Namibia’s Highest Civilian Honour, ‘Order of the Most Ancient Welwitschia Mirabilis’

• During his one-day state visit to Namibia, Prime Minister Narendra Modi was awarded the country’s top civilian award, the Order of the Most Ancient Welwitschia Mirabilis, by President Netumbo Nandi-Ndaitwah, underscoring the deepening India–Namibia strategic partnership.

Key Highlights:

• Award Name & Significance: The Order of the Most Ancient Welwitschia Mirabilis, instituted in 1995, symbolizes strength, resilience, and endurance, like the rare desert plant native to Namibia.
• First Indian Recipient: PM Modi is the first Indian leader to receive this honour, marking a historic moment in bilateral relations.
• Ceremony Details: The award was presented in Windhoek, Namibia’s capital, during a special ceremony led by President Netumbo Nandi-Ndaitwah.
• Acceptance & Dedication: Modi dedicated the award “to the 1.4 billion people of India and the strong friendship between India and Namibia.”
• Cumulative Global Recognition: This is Modi’s 27th international award, his fourth on this five-nation tour, and notably his second within 24 hours.
• Bilateral Cooperation Milestone: The honour reflects progress in education, healthcare, defence, and technology partnerships.
• Future Collaboration Areas: Both countries aim to deepen ties in trade, green energy, and digital innovation in the coming months.

About Namibia

• Capital: Windhoek
• Currency: Namibian Dollar
• President of Namibia: Netumbo Nandi-Ndaitwah

Sarankumar Limbale Honoured with 2025 Chintha Raveendran Award

• Marathi writer and critic Sarankumar Limbale has been selected to receive the Chintha Raveendran Award 2025, recognising his impactful contributions to Dalit literature, social thought, and human rights.

Key Highlights:

• The award will be presented on July 26 at P. Kesavamenon Hall, Kozhikode, during the annual commemoration of Chintha Raveendran.
• About the Award: Conferred annually in memory of left-wing thinker Chintha Raveendran, it honours a writer who has made a significant impact on literature and social issues.
• Award Components: Includes a ₹50,000 cash prize, a memento, and a citation.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Cellular Operators Association of India Renews Abhijit Kishore’s Term as Chairperson, Rahul Vatts as Vice Chairperson    

• The Cellular Operators Association of India (COAI) has reappointed Abhijit Kishore as Chairperson and Rahul Vatts as Vice Chairperson for the 2025-26 term.
• Abhijit Kishore is the Chief Operating Officer (COO) of Vodafone Idea Ltd with over 30 years of experience in the Indian telecom industry.
• Rahul Vatts is the Chief Regulatory Officer at Bharti Airtel, with expertise in telecom and broadcasting licensing, economic regulations, spectrum management, and regulatory litigation.
• The announcement was made during the Annual General Body Meeting of COAI.
• COAI plays a key role in India’s digital communications sector and supports the deployment of 5G and allied technologies.
• The organization views telecom as an essential service and a value-added horizontal supporting various economic sectors through robust digital connectivity.

About COAI :

• Formation : 1995
• Headquarters : New Delhi, India

Indian-American Sabih Khan Appointed as Apple’s New Chief Operating Officer

• Sabih Khan, an Indian American techie, has been appointed as the new Chief Operating Officer (COO) of Apple Inc., succeeding Jeff Williams later in July 2025.
• Khan has worked with Apple for over 30 years and is currently the company’s Vice-President.
• Apple CEO Tim Cook praised Khan as a "brilliant strategist" and a key architect of Apple’s global supply chain.
• Khan is credited with helping Apple remain nimble amid global challenges and reducing Apple’s carbon footprint by more than 60%.
• He has led Apple’s supplier responsibility initiatives, safeguarding and educating employees at manufacturing sites worldwide.
• Sabih Khan was born in 1966 in Moradabad, Uttar Pradesh, and moved to Singapore at age 10.
• Khan started his career at GE Plastics (now SABIC) before joining Apple in 1995.
• In 2019, he became Apple’s Senior Vice President of Operations, focusing on green manufacturing and planet conservation
• His responsibilities include managing planning, procurement, manufacturing, logistics, product fulfillment, and product quality.
• Khan introduced new technologies and advanced manufacturing methods that expanded Apple’s production capabilities in the United States.
• Jeff Williams will continue with Apple until his retirement later in 2025, overseeing the design team and Apple Watch division.

CURRENT AFFAIRS : DEFENCE NEWS

Indian Navy Receives First Indigenous Diving Support Vessel ‘Nistar’ from Hindustan Shipyard

• ‘Nistar’ is the first indigenously designed and constructed Diving Support Vessel (DSV) delivered by Hindustan Shipyard Limited (HSL) to the Indian Navy on 08 July 2025 at Visakhapatnam.
• The vessel is designed and built following the Indian Register of Shipping (IRS) classification rules.
• It is a highly specialised warship capable of Deep Sea Diving and Rescue Operations, a capability possessed by only a few navies worldwide.
• The name ‘Nistar’ means liberation, rescue, or salvation in Sanskrit.
• The ship is 118 meters long, weighs nearly 10,000 tons, and is equipped with state-of-the-art diving equipment.
• It supports Deep Sea Saturation Diving up to a depth of 300 meters and has a Side Diving Stage for diving operations up to 75 meters.
• Nistar serves as the ‘Mother Ship’ for the Deep Submergence Rescue Vessel (DSRV), aiding in submarine rescue and evacuation during emergencies.
• It is equipped with Remotely Operated Vehicles (ROVs) to conduct Diver Monitoring and Salvage Operations at depths up to 1000 meters.
• The ship has approximately 75% indigenous content, aligning with the Government of India’s Aatmanirbhar Bharat and Make in India
• The delivery marks a significant milestone in the Indian Navy’s pursuit of indigenous shipbuilding and self-reliance.

About Ministry of Defence:

• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Ajay Bhatt

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Indian National Space Authorisation and Promotion Centre Grants Licence to Elon Musk’s Starlink for Space-Based Internet Services in India

• IN-SPACe (Indian National Space Authorisation and Promotion Centre) has granted a licence to Starlink Satellite Communications Private. Limited. (SSCPL), a company run by Elon Musk, to provide space-based internet services in India.
• The authorisation is for provisioning of Low Earth Orbit (LEO) satellite services using the Starlink Gen1 constellation.
• The licence is valid for 5 years from July 8, 2025, or until the end of Starlink Gen1’s operational life, whichever is earlier.
• The rollout is subject to regulatory approvals from relevant government departments.
• The Starlink Gen1 constellation consists of 4,408 satellites operating at 540–570 km altitude, capable of delivering 600 GBPS throughput over India.
• Starlink had been eyeing the Indian market since 2022.
• In June 2025, Starlink became the third company to receive a satellite communication licence from the Department of Telecommunications (DoT), after Eutelsat OneWeb and Jio Satellite Communications.
• However, commercial rollout awaits allocation of satcom spectrum, for which TRAI (Telecom Regulatory Authority of India) has recently submitted recommendations on pricing and terms.

About IN–SPACe :

• Formed : 24 June 2020
• Headquarters : Ahmedabad, Gujarat, India
• The IN–SPACe is a single-window autonomous agency under the Department of Space of the Government of India.

IN-SPACe Grants Starlink Approval to Operate Satellite Broadband Services in India   

• Starlink, owned by Elon Musk’s SpaceX, received authorization from IN-SPACe (Indian National Space Promotion and Authorisation Centre) to operate its broadband satellite constellation over India.
• IN-SPACe functions under the Department of Space.
• This is Starlink’s second major approval in India, after receiving the Global Mobile Personal Communications by Satellite (GMPCS) authorisation from the Department of Telecommunications (DoT) last month.
• Despite government interest in satellite broadband, security and ownership concerns have delayed Starlink’s full operational launch in India.
• DoT issued additional security conditions for satellite broadband operators, including restrictions on cross-border use of Indian-registered satellite broadband connections.
• The IN-SPACe authorisation allows Starlink’s gateways to operate uplink frequencies in 27.5-29.1 GHz and 29.5-30 GHz bands, and downlink beams in 17.8-18.6 GHz and 18.8-19.3 GHz bands.
• Individual users will connect via 0-14.5 GHz and 10.7-12.7 GHz frequency bands.
• The Department of Telecommunications (DoT) still needs to assign the commercial spectrum, without which Starlink cannot start commercial operations.
• The service is expected to target rural and remote areas with limited or no mobile coverage, aiding government efforts to connect remote offices.
• Estimated pricing for users is around ₹60,000 for hardware and ₹3,500 monthly fees, excluding government levies.
• Starlink is already operational in neighbouring countries like Bhutan, Bangladesh, and Sri Lanka (approved this month).

CURRENT AFFAIRS: MOUS AND AGREEMENT

Prime Minister Narendra Modi’s Namibia Visit Sees Key Agreements and Namibia’s UPI Adoption

• During Prime Minister Narendra Modi’s visit to Namibia, India and Namibia signed pivotal agreements in business and health, made significant strides in international cooperation, and saw Namibia become the first country to officially adopt India’s Unified Payments Interface (UPI).

Key Highlights:

• Entrepreneurship Development Centre MoU: India and Namibia agreed to establish an Entrepreneurship Development Centre in Namibia to train youth and support startups, bolstering the local economy.
• Health & Medicine Cooperation MoU: A second MoU was signed to enhance medical services, training, and technology sharing between the two countries, strengthening Namibia’s healthcare system.
• Joining Global Alliances:
  • Namibia submitted its letter to join the Coalition for Disaster Resilient Infrastructure (CDRI), promoting safe, resilient infrastructure.
  • Namibia also applied to the Global Biofuels Alliance (GBA), advancing clean fuel alternatives and climate goals.
• Namibia Adopts UPI Technology: Namibia became the first country to sign a licensing agreement to implement India’s UPI digital payment system, enhancing financial inclusion and showcasing India’s digital innovation.

CURRENT AFFAIRS: BOOKS AND AUTHOR

‘Das Paise ka Postcard’ Book Launched to Revisit Postcard Era of Communication

• Retired Army officer S.N. Ahmed launched his book ‘Das Paise ka Postcard’ in Hyderabad, with the release officiated by actor and theatre director Vinay Varma.
• The book reflects on the emotional and cultural significance of postcards in the era before digital communication.

Key Highlights :

• Author and Background: The book is authored by S.N. Ahmed, a retired officer of the Indian Army, offering personal insight into the postcard era based on real-life experiences.
• Cultural Nostalgia: The book revives the emotional value and personal connection people had with handwritten postcards, portraying them as carriers of love, longing, and news.
• Book Launch Ceremony: Actor Vinay Varma, known for his contributions to theatre, officially launched the book in Hyderabad and praised it for bridging generational understanding of written communication.
• Planned Stage Adaptation: A play adaptation of the book is in the works, aimed at presenting the essence of the postcard era to live audiences through theatre.

CURRENT AFFAIRS : OBITUARIES

Former Australian Fast Bowler Gordon Rorke Passed Away at 87   

• Gordon Rorke, former Australian fast bowler, passed away at the age of 87.

About Gordon Rorke :

• Known for his towering frame and express pace, Rorke played 4 Test matches for Australia, all in 1959.
• He was considered one of the fastest bowlers in Australia during his era, according to ESPNcricinfo.
• In his career, Rorke played 36 first-class matches, taking 88 wickets at an average of 24.60, with three five-wicket hauls and best bowling figures of 6/52.
• Made his Test debut against England in January 1959 during the Fourth Test of The Ashes, where he took 5 wickets for 93 runs in the match.
• Claimed 3 wickets in the Fifth Test at Melbourne and was selected for the 1959-60 tour of Pakistan and India.
• Finished his international career with 10 wickets at an average of 20.30.
• His bowling action caused controversy as he dragged his back foot over the crease, which led to a review of the no-ball laws.
• Rorke’s career ended early at the age of 25 due to illness contracted during the India tour.
• For New South Wales, he took 88 wickets in first-class cricket at an average of 60.

CURRENT AFFAIRS: IMPORTANT DAYS

World Population Day 2025: July 11 

• On July 11th, World Population Day 2025 is celebrated and observed all over the world as an awareness program.
• It is observed to increase public awareness of topics such as the effects of population growth, gender equality, the value of family planning, poverty, maternal health, and human rights.
• This year, the theme for World Population Day 2025 is "Empowering young people to create the families they want in a fair and hopeful world."

History

• In 1804, The world population reached 1 billion people.
• In 1927, The world population doubled to 2 billion.
• In 1989, The world population reached 3 billion.
• In 1989, The United Nations recognized July 11 as World Population Day.
• On 11 July 1990, the day was first marked in more than 90 countries. Since then, a number of UNFPA country offices and other organizations and institutions commemorate World Population Day in partnership with governments and civil society.
• In 2000, Just 40 years after it reached 3 billion, the population doubles to 6 billion.
• On April 24, 2017, statistical models estimated that the world population is at 7.5 billion.

Daily CA One- Liner: July 11

• Union Agriculture Minister Shivraj Singh Chouhan inaugurated the 11th India Maize Summit in New Delhi, organized by FICCI and ICAR–Indian Institute of Maize Research.
• The Ministry of Information & Broadcasting (MIB) has introduced the ‘Kalaa Setu – Real-Time Language Tech for Bharat’ Challenge via its WaveX Startup Accelerator.
• The Andhra Pradesh government has launched the Smart Mosquito Surveillance System (SMoSS)—an AI-driven framework employing drones, sensors, and IoT to monitor mosquito populations and enable targeted interventions against diseases like dengue and malaria.
• The Andhra Pradesh government launched the Digi-Lakshmi scheme to enable urban poor women from Self-Help Groups (SHGs) to run digital service kiosks.
• The Delhi Transport Corporation (DTC) has discontinued the old pink ticket system and introduced the Saheli Smart Card, providing free bus travel exclusively to Delhi-based women and transgender persons who present valid address proof and Aadhaar.
• The Government of India marked the 125th birth anniversary of Syama Prasad Mookerjee, by releasing a special postage stamp during a cultural ceremony organized by the Ministry of Culture at Siri Fort Auditorium, Delhi.
• During his one-day state visit to Namibia, Prime Minister Narendra Modi was awarded the country’s top civilian award, the Order of the Most Ancient Welwitschia Mirabilis, by President Netumbo Nandi-Ndaitwah, underscoring the deepening India–Namibia strategic partnership.
• Marathi writer and critic Sarankumar Limbale has been selected to receive the Chintha Raveendran Award 2025, recognising his impactful contributions to Dalit literature, social thought, and human rights.
• During Prime Minister Narendra Modi’s visit to Namibia, India and Namibia signed pivotal agreements in business and health, made significant strides in international cooperation, and saw Namibia become the first country to officially adopt India’s Unified Payments Interface.
• Retired Army officer S.N. Ahmed launched his book ‘Das Paise ka Postcard’ in Hyderabad, with the release officiated by actor and theatre director Vinay Varma.
• On July 11th, World Population Day 2025 is celebrated and observed all over the world as an awareness program.
• The Securities and Exchange Board of India (SEBI) on July 9, 2025, proposed allowing credit rating agencies to rate financial instruments regulated by other financial sector regulators.
• The Reserve Bank of India (RBI) has issued draft Directions 2025 to regulate novation in Over-the-Counter (OTC) derivative contracts under Section 45W of the RBI Act, 1934.
• Nvidia became the first company to cross a $4 trillion market valuation milestone, a historic achievement in the tech and AI sectors.
• Pakistan and Turkiye agreed to boost cooperation in defence, trade, energy, and infrastructure during talks on July 9, 2025 in Islamabad.
• The Cellular Operators Association of India (COAI) has reappointed Abhijit Kishore as Chairperson and Rahul Vatts as Vice Chairperson for the 2025-26 term.
• Sabih Khan, an Indian American techie, has been appointed as the new Chief Operating Officer (COO) of Apple Inc., succeeding Jeff Williams later in July 2025.
• ‘Nistar’ is the first indigenously designed and constructed Diving Support Vessel (DSV) delivered by Hindustan Shipyard Limited (HSL) to the Indian Navy on 08 July 2025 at Visakhapatnam.
• IN-SPACe (Indian National Space Authorisation and Promotion Centre) has granted a licence to Starlink Satellite Communications Private. Limited. (SSCPL), a company run by Elon Musk, to provide space-based internet services in India.
• Starlink, owned by Elon Musk’s SpaceX, received authorization from IN-SPACe (Indian National Space Promotion and Authorisation Centre) to operate its broadband satellite constellation over India.
• Gordon Rorke, former Australian fast bowler, passed away at the age of 87.