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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

SBI Mutual Fund Launches New Specialised Investment Funds Under ‘Magnum’ Brand

• SBI Mutual Fund (SBI MF) is the largest fund house in India and is entering the Specialised Investment Fund (SIF) space under the ‘Magnum’ brand.
• SBI MF recently received the licence to launch SIF products, focusing on equity and hybrid
• The name ‘Magnum’ was chosen due to existing brand associations (many SBI MF schemes had Magnum in their names).

Key Highlights :

• SBI MF appointed Gaurav Mehta as the head of the SIF venture.
• He is the Chief Investment Officer (CIO) Alternatives - Equity at SBI Funds Management since October 2021.
• SBI MF plans to leverage in-house talent and the experienced investment team for managing SIF strategies.
• SBI is the fifth fund house to enter the SIF space after Edelweiss, ITI, Mirae Asset, and Quant. Others like Axis and Nippon also plan to enter.
• SIFs are a new product segment within the mutual fund framework providing greater flexibility on investment strategies.
• Minimum ticket size for SIF investments is ₹10 lakh.
• SIFs can be structured as equity, debt, or hybrid.
• SIFs are more suitable for evolved investors who understand market technicalities and prefer advanced investment strategies compared to regular MFs.
• Distribution of SIFs is expected through wealth counters of banks, individual distributors, and national distributors.
• Current SIF rules allow up to seven SIF products, categorized as:
• Equity: equity long-short, equity ex-top 100, sector rotation long-short
• Hybrid: active asset allocator long-short, hybrid long-short
• Debt: long-short, sector long-short

About SBI Mutual Fund :

• Founded : 29 June 1987
• Headquarters : Mumbai, Maharashtra, India
• MD & CEO : Mr. Nand Kishore
• SBIFMPL is a joint venture between the State Bank of India, an Indian public sector bank, and Amundi, a European asset management company.

Asia Index Introduces BSE Insurance Index

• Asia Index, a wholly owned subsidiary of BSE, announced the launch of a new index called the BSE Insurance Index.
• The BSE Insurance Index is created from the constituents of the BSE 1000 Index that belong to the insurance industry.
• The index is designed to be used for passive investment strategies such as ETFs (Exchange Traded Funds) and Index Funds.
• It helps in gauging the performance of the insurance sector and various sectors in India.
• The index can also be used for benchmarking Portfolio Management Services (PMS) strategies, mutual fund schemes, and fund portfolios.
• The index will be reconstituted semi-annually, in June and December.
• The weight of individual stocks in the index is capped at 25% to avoid concentration risk.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

New Akashvani Kendra to Be Established in Ujjain, Madhya Pradesh under BIND Scheme

• The Central Government has announced the establishment of a new Akashvani Kendra (radio station) in Ujjain, Madhya Pradesh, aimed at enhancing regional radio services and ensuring timely dissemination of information.
• The initiative was revealed during a meeting between Union Minister of State for Information and Broadcasting Murugan and Madhya Pradesh Chief Minister Mohan Yadav.

Key Highlights :

• Implemented under BIND Scheme: The radio station will be set up as part of the Broadcasting Infrastructure and Network Development (BIND) scheme of the Ministry of Information and Broadcasting, which focuses on strengthening radio and TV infrastructure across India.
• Enhanced Rural Communication: The Akashvani Kendra will improve radio access in rural and remote areas of Madhya Pradesh, ensuring better public communication and outreach.
• Centre–State Coordination: The decision was a result of discussions between central and state leaders, aimed at boosting media infrastructure and information services in the state.
• Support for Local Culture and Education: The Ujjain centre will play a role in preserving local heritage, broadcasting government schemes, and offering educational and entertainment programs.
• Inclusive Information Access: The BIND scheme ensures that even remote villages can receive vital information, news, and cultural content through Akashvani and Doordarshan

Carnac Bridge Renamed as Sindoor Bridge to Honour Operation Sindoor

• The historic Carnac Bridge in Mumbai has been rebuilt and renamed as Sindoor Bridge, in a move to honour Operation Sindoor, India’s military mission against terrorist camps. Maharashtra Chief Minister Devendra Fadnavis inaugurated the bridge, marking both a symbolic and infrastructural transformation.

Key Highlights :

• Tribute to Operation Sindoor: The renaming celebrates the valour of Indian soldiers and commemorates the success of Operation Sindoor, India’s recent anti-terror operation in Pakistan.
• Erasing Colonial Legacy: The former name, Carnac Bridge, was linked to James Rivett-Carnac, a British Governor accused of oppressing Indian rulers. The change reflects an effort to remove colonial-era symbols, as highlighted by Prabodhankar Thackeray’s writings.

Bridge Specifications:

• Length: 328 metres
• Lanes: 4-lane bridge to ease congestion in key areas like Crawford Market, Kalbadevi, and Dhobi Talao.
• Replaces the old 2-lane bridge built in 1868, which was declared unsafe and demolished in 2022.

Completion and Delays:

• Construction was completed on June 13, 2025, but the opening was delayed due to pending NOC from Central Railway and installation of signboards.
• Political parties like Shiv Sena (UBT) and MNS protested the delay on July 2.

The National Education Society for Tribal Students (NESTS), in collaboration with United Nations Children's Fund India Launch TALASH for Tribal Student Empowerment

• The National Education Society for Tribal Students (NESTS), in collaboration with United Nations Children's Fund (UNICEF)India, has introduced TALASH (Tribal Aptitude, Life Skills and Self-Esteem Hub)—India’s first national programme dedicated to supporting tribal students in Eklavya Model Residential Schools (EMRSs).

Key Highlights :

• Reach and Beneficiaries: Digital platform for over 1.38 lakh students across 28 states and 8 Union Territories.
• Psychometric Assessments: Students undertake NCERT-based tests to identify their aptitudes and interests, leading to personalized Career Cards.
• Life Skills & Confidence Building: Modules on problem-solving, communication, and emotional management to foster self-esteem.
• Career Guidance: Counselling sessions and tailored suggestions help students explore and choose suitable career paths.
• Teacher Capacity Building: 189 teachers from 75 EMRSs trained via e-learning to deliver the TALASH curriculum.
• Phased Rollout: Gradual implementation in all EMRSs, targeted for completion by end of 2025, with iterative improvements based on stakeholder feedback.
• Alignment with NEP 2020: Supports the National Education Policy’s goal of equitable learning opportunities and holistic student development.

India Achieves 4,000% Growth in Solar Power, Piyush Goyal Highlights Energy Self-Reliance at IESW 2025

• At the India Energy Storage Week (IESW) 2025, Union Minister Piyush Goyal announced a 4,000% increase in India’s solar power capacity, underlining the country’s major strides toward clean energy leadership and self-reliance.
• The event was held, at Yashobhoomi, New Delhi.

Key Highlights :

• Massive Growth in Renewable Energy: India has reached 227 GW of renewable energy, positioning itself to potentially become the first G20 nation to meet Paris Agreement climate goals.
• Boost in Solar Manufacturing:
  • Solar module capacity grew 38 times,
  • Solar cell capacity rose 21 times in the past decade.
  • This growth supports domestic production and reduces import dependency.
• Key Solar Initiatives:
  • PM Surya Ghar Yojana – targets 1 crore households with rooftop solar panels.
  • PM Kusum Yojana – promotes solar-powered pumps for farmers.
• Battery Storage and Innovation:
  • Emphasis on round-the-clock clean energy using batteries, pumped storage, and hydro systems.
  • Launch of a ₹1 lakh crore Innovation Fund to promote R&D in solid-state and hybrid battery technologies.
  • PLI scheme introduced to boost Advanced Chemistry Cell (ACC) manufacturing.
• Focus on Full Energy Value Chain:
  • Call to build resilient supply chains, reduce overdependence on any one region.
  • Push for development in battery recycling, semiconductors, and EV charging infrastructure.
• Industry Collaboration Urged: Minister Goyal highlighted the need for synergy between industries, academia, and policymakers to advance India’s clean energy ambitions.
• India Energy Storage Week (IESW): An annual platform bringing together stakeholders from renewables, battery tech, green hydrogen, and e-mobility, aimed at driving innovation and policy alignment toward achieving the 500 GW target by 2030.

CURRENT AFFAIRS : INTERNATIONAL NEWS

United Kingdom to Collaborate with France and Bharti Group in New Capital Injection into Eutelsat

• Eutelsat Group, operator of the OneWeb satellite internet constellation, is set to receive an additional investment of €90 million (₹903 crore) from the K. government.
• The fresh capital infusion includes participation by the French government and Bharti Enterprises, who had earlier announced involvement in a reserved capital increase in June.
• French President Emmanuel Macron emphasized Europe’s need to remain competitive in the low-earth orbit (LEO) satellite internet market, highlighting OneWeb as a strategic alternative to Starlink.
• Starlink has recently secured approvals from India’s Departments of Telecommunications and Space, while OneWeb is being tested for military connectivity use cases.
• Sunil Bharti Mittal, Bharti Group chairman and Eutelsat co-chairman, stated that this new capital injection will help Eutelsat accelerate development of innovative technologies and services under its new CEO Jean-François Fallacher.
• Post-investment shareholding structure:
• French government: will hold 29.56% stake after investing €550.7 million (more than doubling its previous stake).
• Bharti Space Ltd: will hold 17.88% stake after investing close to €29.9 million, reducing from 24.09%.
• K. government: will maintain its 10% stake with the new €90 million investment.
• CMA CGM (French shipping giant): will marginally increase its holding to €50.2 million.
• Other investors: collectively hold roughly 35% stake.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Federal Bank Promotes Chief Financial Officer Venkatraman Venkateswaran to Executive Director

• Federal Bank has promoted its Group President and Chief Financial Officer (CFO), Venkatraman Venkateswaran, to the position of Executive Director.
• The promotion received approval from the Reserve Bank of India (RBI).
• His three-year term as Executive Director begins from July 10.
• Initially, he will serve as Additional Executive Director, pending shareholder approval at the upcoming Annual General Meeting (AGM) or within three months, whichever is earlier.

About Venkatraman Venkateswaran :

• Venkatraman Venkateswaran is a Chartered Accountant with over 33 years of professional experience.
• He joined Federal Bank in April 2021 as Group President.
• The bank credited him for strong leadership and driving transformative initiatives that:Increased revenues, Reduced operational costs, Improved customer experience
• His role has encompassed financial management, banking operations, financial reporting, taxation, credit administration, loan recovery, and daily operations.
• He has contributed to the bank’s corporate social responsibility (CSR) activities and actively participated in investor relations and corporate planning.
• Venkateswaran led the development of analytics and management information systems, supervised the bank’s IT infrastructure, and provided strategic oversight of FedServ, the bank’s wholly owned subsidiary.
• Prior to joining Federal Bank, he worked in the manufacturing sector for over a decade and held senior roles at Standard Chartered Bank and HSBC.
• The bank confirmed that he has no familial ties with any other director and is not disqualified by any regulatory authority to hold this position.

Digital Connexion Names CR Srinivasan as Chief Executive Officer to Drive AI Expansion Plans

• Digital Connexion, a provider of scalable data centre, colocation, and interconnection solutions, appointed CR Srinivasan as its Chief Executive Officer (CEO).
• Digital Connexion is a joint venture (JV) between Brookfield Asset Management, Reliance Industries Limited, and Digital Realty.
• The company is investing in over 140MW of AI-ready data centre capacity across Chennai and Mumbai to meet growing hyperscale and enterprise demand.
• CR Srinivasan brings over 30 years of experience across the telecom, IT, cybersecurity, and digital services sectors.
• India is the second-largest internet user base globally and has a domestic AI market projected to grow to $17 billion by 2027, making it one of the fastest-growing AI economies.
• The company highlighted the rising demand for digital infrastructure amid rapid digitalisation and aims to serve cloud service providers, hyperscalers, and enterprises expanding their digital footprint.
• Srinivasan has a proven track record in building and scaling high-growth businesses, especially in data centres, cloud, cybersecurity, and SD-WAN services
• Before joining Digital Connexion, he was CEO of Sify Digital Services and headed Tata Communications' cloud and cybersecurity business unit.

Priya Nair Appointed as Chief Executive Officer and Managing Director of Hindustan Unilever Limited                                          

• Hindustan Unilever Limited (HUL) has appointed Priya Nair as its next Chief Executive Officer (CEO) and Managing Director (MD), effective August 1, 2025.
• Priya Nair will be the first woman CEO and MD of the FMCG major.
• She is currently President, Beauty and Well-Being at Unilever.
• She will also join the HUL Board, subject to necessary approvals, and will remain a member of the Unilever Leadership Executive.
• Rohit Jawa, current CEO and MD, will step down on July 31, 2025 to pursue new personal and professional opportunities.
• Priya Nair joined HUL in 1995 and held various roles in sales and marketing across home care, beauty and well-being, and personal care.
• She served as:Executive Director, Home Care (2014–2020), Executive Director, Beauty & Personal Care (2020–2022), Global Chief Marketing Officer, Beauty & Well-Being, Unilever (after 2022)
• Rohit Jawa became HUL’s CEO and MD in 2023.
• Under his leadership, HUL achieved volume-led competitive growth and introduced the ‘ASPIRE’ strategy, aimed at transforming the portfolio and channels toward high-growth demand spaces

Linda Yaccarino Resigns as Chief Executive Officer of Elon Musk-Owned X in Unexpected Move

• Linda Yaccarino, Chief Executive Officer (CEO) of Elon Musk-owned X (formerly Twitter), has stepped down from her role in a surprise move.
• Her resignation comes just months after X was acquired by Musk’s AI startup, xAI.
• No specific reason for the resignation was provided, and both X and Yaccarino declined to comment.
• The resignation followed a controversial incident involving xAI's chatbot Grok, which posted content referencing Adolf Hitler. The posts were deleted after public backlash.
• In her resignation note, Yaccarino stated she had worked on user safety, especially for children, and aimed to restore advertiser confidence.
• Elon Musk thanked her for her contributions in a post on X.
• The resignation adds to ongoing instability in Musk’s business empire, which includes:Falling sales at Tesla, Executive departures at Tesla, including Omead Afshar and Jenna Ferrua, AI-related controversies, Public disputes involving Donald Trump

CURRENT AFFAIRS: AWARDS AND HONOURS

Telangana Wins IESA Industry Excellence Award 2025 for Battery Manufacturing Leadership

• Telangana has been awarded the prestigious IESA Industry Excellence Award 2025 in the State Leadership – Battery Manufacturing
• The award was presented during the 11th India Energy Storage Week (IESW) held, in New Delhi, recognizing the state’s exceptional efforts in clean energy promotion and battery technology development.

Key Highlights :

• Award Recognition: Received by S.K. Sharma, Director of Electronics and EV&ESS, the award acknowledges Telangana’s leadership in battery production and energy innovation.
• Policy-Driven Growth: Telangana’s rise in the sector is driven by its progressive initiatives like the Telangana EV and Energy Storage Policy and the Telangana Renewable Energy Policy.
• Manufacturing Hub: The state has emerged as a key centre for battery production, electric vehicle (EV) assembly, and energy storage systems.
• Dedicated Industrial Zones: Special zones have been established to attract investment and promote the development of a complete battery and EV component supply chain.
• National Recognition: The award was part of India Energy Storage Week 2025, a major clean energy and storage industry event, affirming Telangana’s status as a national leader in advanced energy manufacturing.

CURRENT AFFAIRS: MOUS AND AGREEMENT

The National Education Society for Tribal Students, in collaboration with UNICEF India, Tata Motors and Partners Launch Comprehensive Skill & Career Programs for Tribal Students

• The National Education Society for Tribal Students (NESTS), in collaboration with UNICEF India, Tata Motors, and the Ex-Navodayan Foundation, has unveiled a suite of initiatives to benefit over 1.3 lakh tribal students enrolled in Eklavya Model Residential Schools (EMRSs).
• These programmes are designed to strengthen students’ aptitude, life skills, confidence, and job readiness through digital platforms, industry partnerships, and focused coaching.

Key Highlights :

• TALASH Platform: Introduction of the Tribal Aptitude, Life Skills and Self-Esteem Hub, a digital portal using NCERT’s Tamanna psychometric tests to generate personalized Career Cards and deliver modules on problem-solving, communication, and emotional management.
• Kaushalya “Learn and Earn” Programme: Five-year agreement with Tata Motors offering Class 12 EMRS graduates a Diploma in Engineering, on-the-job training, and a monthly stipend, with eligibility set at 60% in Class 10 and age 18–23 years.
• “One Trainee, One Job” Commitment: Tata Motors guarantees placement opportunities at its factories or service centres for successful Kaushalya participants, along with support for further studies through partners like BITS Pilani.
• Competitive Exam Coaching: Residential centres in Chankapur (Maharashtra) and Chintapalle (Andhra Pradesh)—run by NESTS, Tata Motors, and Ex-Navodayan—to prepare Class 11–12 students for IIT-JEE and NEET, plus online modules for Olympiads, NTSE, and KVPY from Class 9 onwards.

CURRENT AFFAIRS: SPORTS NEWS

India Falls to 133rd in FIFA Rankings – Lowest Position Since 2016

• The Indian men’s football team has slipped to 133rd place in the latest FIFA world rankings, released on July 10, 2025, marking its lowest position in nine years.
• The decline follows consecutive losses in June, including a defeat to lower-ranked Hong Kong, raising serious concerns about the team’s performance and future prospects.

Key Highlights :

• Rank Drop: India fell six spots, from 127th to 133rd, following two defeats — 0-2 to Thailand in a friendly (June 4) and 0-1 to Hong Kong in the Asian Cup qualifiers.
• Lowest Since 2016: This is India’s worst FIFA ranking since December 2016, sparking alarms in the national football community.
• Coach Exit: Following the poor results, head coach Manolo Marquez parted ways with the All India Football Federation (AIFF).
• FIFA Rating Points: India’s points dropped from 1132.03 to 1113.22.
• Asian Standing: India now ranks 24th among 46 AFC nations, while Japan leads Asia, standing 17th globally.
• Poor Performance Record: Under Marquez, India recorded just 1 win in 8 matches — a solitary victory over the Maldives in March 2025. Overall in 2025: 1 win, 1 draw, 2 losses.
• Chhetri’s Comeback Ineffective: Former captain Sunil Chhetri was recalled earlier this year, but his return hasn’t improved the team’s form.
• Upcoming Fixtures: India will face Singapore in October 2025 in the third round of AFC Asian Cup qualifiers, with increased pressure to perform.
• Top Global Rankings: The top 10 FIFA-ranked teams are:

1. Argentina,
2. Spain,
3. France,
4. England,
5. Brazil,
6. Portugal,
7. Netherlands,
8. Belgium,
9. Germany,
10. Croatia.

India to Host ISSF Shooting World Cup 2027 & World Junior Championship 2028

• National Rifle Association of India(NRAI), with International Shooting Sport Federation (ISSF) approval, will bring two major events to India: the Shooting World Cup in 2027 and the World Junior Championship in 2028, reinforcing the nation’s growing stature in global shooting sports.

Key Highlights :

• ISSF-approved hosting of the Shooting World Cup in 2027 and World Junior Championship in 2028, marking India’s elevation as a preferred venue.
• Comprehensive event roadmap including the Junior World Cup (September 2025) and Asian Rifle & Pistol Championship (February 2026), creating a continuous international calendar.
• Critical international exposure for both junior and senior athletes, who will compete on home turf against top global talent.
• First-ever Shooting League of India, slated for November 2025 in Delhi, featuring world-class shooters in an innovative, fan-friendly format.
• Focus on infrastructure enhancement and youth engagement to boost the sport’s popularity and talent pipeline across India.
• NRAI’s strategic vision leverages high-profile competitions and partnerships to strengthen India’s role in the world of shooting.

Sachin Tendulkar’s Portrait Unveiled at Lord’s MCC Museum

• A portrait of cricket legend Sachin Tendulkar was unveiled at the MCC Museum at Lord’s Cricket Ground, London — a significant honour at the historic “Home of Cricket.”
• The artwork, created by renowned British artist Stuart Pearson Wright, was revealed just before the third Test match between India and England.

Key Highlights :

• Special Recognition: Tendulkar’s portrait becomes a permanent addition to the MCC Museum, honouring his iconic cricketing legacy and deep connection with English cricket.
• Artist Tribute: The portrait was painted by Stuart Pearson Wright, known for his expressive and emotional style. Tendulkar praised the piece, saying, "The portrait speaks to you."
• Ceremonial Moment: Before the unveiling, Tendulkar rang the traditional bell at Lord’s to signal the start of the Test match — a symbolic and emotional gesture.
• Personal Reflection: Tendulkar shared that his journey in England began in the late 1980s with Kailash Gattani’s Star Cricket Club, and his first Test century was at Old Trafford, Manchester.
• Full Circle: Recalling a 1988-89 photo outside the Lord’s Pavilion, Tendulkar reflected on how emotional it was to now see his portrait displayed inside, calling it a "full circle moment."

CURRENT AFFAIRS : APPS & PORTALS

Government Plans to Shift Health Claims Portal to Finance Ministry to Curb Inflated Costs

• The Finance Ministry (FinMin) is seeking to take control of the National Health Claims Exchange (NHCX), currently managed by the Health Ministry, to improve transparency in health insurance claims and reduce consumer grievances.
• The Department of Financial Services (DFS) under FinMin is coordinating with the Prime Minister’s Office (PMO) for this transfer.
• The objective is to create a single platform connecting insurance companies, healthcare providers, and insured individuals for better regulation under the Insurance Regulatory and Development Authority of India (IRDAI).
• NHCX facilitates streamlined healthcare access and claims by linking insurance companies, healthcare providers, and government insurance scheme administrators.
• The move aims to address issues such as hospitals inflating bills for insured patients, thus improving transparency and making the claims process more robust.
• This initiative will improve bargaining power of both hospitals and insurers, reducing errors in tariff negotiations.
• IRDAI is the regulatory authority overseeing insurance and reinsurance in India, ensuring fair treatment of policyholders and maintaining financial soundness.
• As of July 21, 2024:34 insurers and TPAs (Third Party Administrators) are live on NHCX, Around 300 hospitals are preparing to send claims via the exchange

About Ministry of Finance:

• Cabinet Minister: Smt. Nirmala Sitharaman
• Minister of State (MoS): Shri Pankaj Chaudhary, Dr. Bhagwat Kishanrao Karad

CURRENT AFFAIRS : OBITUARIES

Renowned Urdu Scholar and Barabanki-born Academic Professor C.M. Naim Passed Away

• Professor C.M. Naim, a Barabanki-born scholar and a leading authority on Urdu and South Asian languages, has passed away.

About Professor C.M. Naim :

• He was Professor Emeritus of South Asian Languages and Civilisations at the University of Chicago, where he taught from 1961 to 2001.
• He chaired the South Asian Languages and Civilisations Department at Chicago from 1985 to 1991.
• Naim was a founding editor of several journals and a prominent voice on Urdu language, culture, and politics, especially during its decline in the Indian subcontinent.
• He served as consultant to many notable institutions including:Asia Society, New York City, Princeton University Press, University of Chicago Press, University of California Press, Feminist Press, Shastri Indo-Canadian Institute, National Endowment for the Humanities
• He held leadership and advisory roles in:
• South Asia Regional Council, Association for Asian Studies (1976–79, 1990–93)
• Committee on Scholars of Asian Descent, AAS (1981–84)
• Advisory Committee, Berkeley Urdu Language Program in Pakistan
• Board of Trustees, America-Pakistan Research Organization (1989–93)
• Board of Trustees, American Institute of Pakistan Studies (1993–95)
• Naim was known for engaging in political discourse alongside literary scholarship.
• In 1989, he wrote powerful reflections on Palestine, showcasing his activist intellect.
• One of his final contributions to scholarship was the book “Urdu Crime Fiction, 1890–1950: An Informal History”, published in 2023, reflecting his lifelong dedication to Urdu literature.

CURRENT AFFAIRS: IMPORTANT DAYS

World Horse Day 2025: July 11

• World Horse Day was observed for the first time on July 11, 2025, following a formal declaration by the United Nations General Assembly.
• The day celebrates the deep bond between humans and horses — animals that have supported us in agriculture, transport, warfare, sport, and emotional healing for thousands of years.

Key Highlights :

• UN Resolution 79/291: Adopted on June 3, 2025, the resolution officially established July 11 as World Horse Day, recognizing the historic and cultural contributions of horses to human society.
• Purpose of the Day: The day aims to raise awareness about the welfare of horses and highlight their roles in diverse fields such as agriculture, transport, therapy, and sports.
• Global Call to Action: The resolution encourages governments, educational institutions, and individuals to honour horses and take action to safeguard them from modern threats like climate change, exploitation, and neglect.
• Cultural Significance of the Date: July 11 was selected due to its seasonal and symbolic importance in many cultures that have long revered horses as part of their traditions and livelihood.

International Nurses Day 2025 - May 12

• International Nurses Day is celebrated every year on May 12.
• Nurses Day is celebrated to praise the Nurses who contribute their work to the Society. International Nurses Day is to commemorate the anniversary of Florence Nightingale’s birthday.
• The International Council of Nurses (ICN) announced the theme for International Nurses Day 2025 as "Our Nurses. Our Future. Caring for nurses strengthens economies".

History

• In 1953, US Department of Health, Education, and Welfare officer Dorothy Sutherland contacted US President Dwight.D.Elsenhower to celebrate “Nurses Day”.
• Since 1965, the International Council of Nurses (ICN) has celebrated this day.
• From January 1974, May 12 was officially declared “International Nurses Day”.
• On this special day, the International Council of Nurses (ICN) distributed the Nurses Day kit to the people to know the importance of nurses.
• In Bangladesh, where the number of nurses is half of the number of doctors.

Daily CA One- Liner: July 12

• The Central Government has announced the establishment of a new Akashvani Kendra (radio station) in Ujjain, Madhya Pradesh, aimed at enhancing regional radio services and ensuring timely dissemination of information
• The historic Carnac Bridge in Mumbai has been rebuilt and renamed as Sindoor Bridge, in a move to honour Operation Sindoor, India’s military mission against terrorist camps. Maharashtra Chief Minister Devendra Fadnavis inaugurated the bridge, marking both a symbolic and infrastructural transformation
• The National Education Society for Tribal Students (NESTS), in collaboration with United Nations Children's Fund (UNICEF)India, has introduced TALASH (Tribal Aptitude, Life Skills and Self-Esteem Hub)—India’s first national programme dedicated to supporting tribal students in Eklavya Model Residential Schools
• At the India Energy Storage Week (IESW) 2025, Union Minister Piyush Goyal announced a 4,000% increase in India’s solar power capacity, underlining the country’s major strides toward clean energy leadership and self-reliance
• Telangana has been awarded the prestigious IESA Industry Excellence Award 2025 in the State Leadership – Battery Manufacturing
• The National Education Society for Tribal Students (NESTS), in collaboration with UNICEF India, Tata Motors, and the Ex-Navodayan Foundation, has unveiled a suite of initiatives to benefit over 3 lakh tribal students enrolled in Eklavya Model Residential Schools
• The Indian men’s football team has slipped to 133rd place in the latest FIFA world rankings, released on July 10, 2025, marking its lowest position in nine years
• National Rifle Association of India(NRAI), with International Shooting Sport Federation (ISSF) approval, will bring two major events to India: the Shooting World Cup in 2027 and the World Junior Championship in 2028, reinforcing the nation’s growing stature in global shooting sports.
• A portrait of cricket legend Sachin Tendulkar was unveiled at the MCC Museum at Lord’s Cricket Ground, London — a significant honour at the historic “Home of Cricket.”
• World Horse Day was observed for the first time on July 11, 2025, following a formal declaration by the United Nations General Assembly
• International Nurses Day is celebrated every year on May 12.
• SBI Mutual Fund (SBI MF) is the largest fund house in India and is entering the Specialised Investment Fund (SIF) space under the ‘Magnum’ brand.
• Asia Index, a wholly owned subsidiary of BSE, announced the launch of a new index called the BSE Insurance Index.
• Eutelsat Group, operator of the OneWeb satellite internet constellation, is set to receive an additional investment of €90 million (₹903 crore) from the U.K. government.
• Federal Bank has promoted its Group President and Chief Financial Officer (CFO), Venkatraman Venkateswaran, to the position of Executive Director.
• Digital Connexion, a provider of scalable data centre, colocation, and interconnection solutions, appointed CR Srinivasan as its Chief Executive Officer (CEO).
• Hindustan Unilever Limited (HUL) has appointed Priya Nair as its next Chief Executive Officer (CEO) and Managing Director (MD), effective August 1, 2025.
• Linda Yaccarino, Chief Executive Officer (CEO) of Elon Musk-owned X (formerly Twitter), has stepped down from her role in a surprise move.
• The Finance Ministry (FinMin) is seeking to take control of the National Health Claims Exchange (NHCX), currently managed by the Health Ministry, to improve transparency in health insurance claims and reduce consumer grievances.
• Professor C.M. Naim, a Barabanki-born scholar and a leading authority on Urdu and South Asian languages, has passed away.