Important News Headlines

(Daily GK Update)

Daily Current Affairs 2nd August 2025,

Stay updated with August 2nd, 2025 Current Affairs covering governance, economy, and key appointments — essential for UPSC, SSC & Banking exam preparation.

 Last updated on August 2nd, 2025 06:00 pm

National News

New Textile Parks Under PM MITRA Scheme to Boost India’s Textile Sector

The Government of India has finalized seven PM MITRA Parks across Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra, with an outlay of ₹4,445 crore till 2027-28.

Aimed at attracting ₹70,000 crore investments and creating 20 lakh jobs, the scheme is complemented by the Samarth skill development programme and the National Technical Textiles Mission.

Together, these initiatives will boost India’s textile exports, strengthen domestic manufacturing, and position India as a global textile hub.

Indigenous Kavach 4.0 Safety System Commissioned on This Section of Indian Railways

Indian Railways has launched Kavach 4.0 on the Mathura-Kota section of the Delhi-Mumbai corridor.
Designed at the highest safety level (SIL 4), it monitors train speeds, applies brakes automatically, and provides cabin-based signal information, especially useful in low visibility conditions.

With ₹1 lakh crore annual safety investment, training of 30,000 personnel, and integration into engineering curricula, Kavach 4.0 is set to revolutionise railway safety in India within the next six years.

Banking News

Key Provisions of the Banking Laws (Amendment) Act, 2025 Come Into Effect from August 1

The Banking Laws (Amendment) Act, 2025, effective from August 1, 2025, brings sweeping reforms to India’s banking sector.

Key changes include raising the “substantial interest” threshold to ₹2 crore, extending cooperative bank directors’ tenure to 10 years, allowing PSBs to transfer unclaimed amounts to IEPF, and empowering them to engage top-quality auditors.

These amendments aim to enhance governance, safeguard depositors, and align cooperative banks with constitutional norms, marking a major step in banking sector reforms.

Economy News

GST Collection Rises to ₹1.96 Lakh Crore, But Net Growth Slows

India’s GST collections rose to ₹1.96 lakh crore in July 2025, up 7.5% year-on-year, but net growth slowed to 1.7% due to a 117% surge in refunds, largely linked to inverted duty structures.

While experts note stable consumption trends and regional growth in states like Sikkim and Tripura, concerns remain over weak domestic demand and automobile sales slowdown, making GST rate rationalisation a priority for the government.

Awards News

71st National Film Awards 2023: Full Winners List You Can’t Miss!

The 71st National Film Awards 2023 showcased the diversity and richness of Indian cinema. With Shah Rukh Khan winning his first-ever Best Actor award, Rani Mukerji named Best Actress, and 12th Fail crowned Best Film, the event marked a memorable chapter in Indian film history. Regional cinema, from HanuMan to Parking, also made a strong statement, proving that Indian films across languages continue to break boundaries and touch hearts.

 

Appointments News

Dr. Mayank Sharma Assumes Office as Financial Advisor (Defence Services)

Dr. Mayank Sharma, a veteran IDAS officer of the 1989 batch, assumed the charge of Financial Advisor (Defence Services) on August 1, 2025.

With over 30 years of service in defence accounts, the Cabinet Secretariat, AIIMS Delhi, and international organizations like the UN and IACA, he brings unmatched expertise in financial and administrative governance.

His appointment is expected to further strengthen India’s defence financial framework and international representation.

Meet 47th Vice Chief of the Naval Staff Who takes Charge

Vice Admiral Sanjay Vatsayan, AVSM, NM, has taken charge as the 47th Vice Chief of the Naval Staff on August 1, 2025.

A naval officer with over three decades of service, he is a specialist in Gunnery and Missile Systems and a graduate of India’s top defence institutions.

Known for his leadership during critical maritime deployments post-Galwan and his strategic roles in HQ IDS, he brings immense experience in operations, policy, and indigenisation.

His assumption of the VCNS role marks a significant step in strengthening India’s naval command structure.

Vice Admiral Manish Chadha Takes Command of Indian Naval Academy

Vice Admiral Manish Chadha, AVSM, VSM, assumed command of the Indian Naval Academy, Ezhimala, on August 1, 2025, succeeding Vice Admiral CR Praveen Nair.

With 34 years of service, expertise in Communication and Electronic Warfare, and prior leadership of frontline warships, he brings deep operational and strategic insight.

As a seasoned leader trained in India and abroad, he is set to elevate INA’s role in shaping India’s future naval leadership and strengthening the nation’s maritime capabilities under the AatmaNirbhar Bharat initiative.

Shashi Prakash Goyal Takes Charge as New Chief Secretary of Uttar Pradesh

Shashi Prakash Goyal, a 1989-batch IAS officer, took over as the Chief Secretary of Uttar Pradesh on July 31, 2025, succeeding Manoj Kumar Singh. Goyal, who earlier served as Additional Chief Secretary to the Chief Minister.

To prioritize zero tolerance for corruption, industrial development, and economic growth, aiming to help Uttar Pradesh achieve its ambitious target of becoming a $1 trillion economy.

Defense News

Indian Navy Inducts Indigenous Stealth Frigate INS Himgiri with BrahMos

On July 31, 2025, the Indian Navy received INS Himgiri, a state-of-the-art Nilgiri-class stealth frigate built under Project 17A by GRSE Kolkata.

Armed with BrahMos missiles, anti-submarine torpedoes, LR SAM systems, and advanced sensors, Himgiri is a powerhouse of maritime warfare.

Reviving the legacy of its predecessor INS Himgiri, the warship strengthens India’s vision to become a 170–175 warship-strong Navy by 2035, underscoring the success of the Aatmanirbhar Bharat initiative in defence manufacturing.

Sports News

This Veteran Appointed Head Coach of the Indian Senior Men’s Football Team

On August 1, 2025, the AIFF appointed Khalid Jamil as the new head coach of the Indian Senior Men’s Football Team.

Backed strongly by IM Vijayan and other Indian football stalwarts, Jamil was chosen over Stephen Constantine and Štefan Tarkovič after a detailed SWOT analysis.

With India set to play in the CAFA Nations Cup and the AFC Asian Cup qualifiers, his appointment is seen as a bold move to empower Indian coaches and boost national football.

Science & Technology News

SpaceX Launches NASA’s Crew-11 Mission to the International Space Station

On August 1, 2025, SpaceX launched NASA’s Crew-11 mission from Florida’s Kennedy Space Center, sending two NASA astronauts, one Russian cosmonaut, and one Japanese astronaut to the International Space Station.

The mission, which may extend to eight months instead of the usual six, highlights continued U.S.-Russia cooperation in space despite geopolitical tensions.

With SpaceX’s Dragon capsule at the core, this mission underscores both the advancements in private spaceflight and the complex politics shaping the future of space exploration.

Important Days News

National Doctors Day 2025: Honoring the Lifesavers Among Us

National Doctors Day 2025, celebrated on July 1, honours the dedication of doctors who tirelessly serve society.
Marking the birth anniversary of Dr. Bidhan Chandra Roy, the day highlights their roles in treatment, prevention, education, and emotional support, while also recognising the challenges they face like long hours, emotional stress, and administrative burdens.
Simple gestures of gratitude and respect can make a lasting impact on these silent warriors of healthcare.

Cloves Syndrome Awareness Day 2025: Understanding a Rare Genetic Disorder

Cloves Syndrome Awareness Day (August 3) highlights the importance of recognizing and supporting those with CLOVES syndrome, a rare congenital disorder involving overgrowths, vascular malformations, skin abnormalities, and skeletal issues.
Early diagnosis, advanced treatment, and community awareness are key to improving the lives of patients worldwide.

Obituaries News

T. N. Manoharan, IDBI Chairman and Padma Shri Awardee, Passes Away

T. N. Manoharan, IDBI Chairman and a Padma Shri awardee, passed away on July 30, 2025. Known for his leadership in banking and corporate governance, he played a key role in the revival of Satyam Computers, served as Chairman of Canara Bank, and guided several corporations as an independent director.

His contributions earned him the Padma Shri and the title of Indian of the Year 2009, leaving behind a lasting impact on India’s financial sector.

Dr. V. Vasanthi Devi, Former Vice-Chancellor of Manonmaniam Sundaranar University, Passes Away

Dr. V. Vasanthi Devi (1938–2025), a renowned academician, women’s rights advocate, and former Vice-Chancellor of Manonmaniam Sundaranar University, passed away in Chennai at the age of 86.
Known for her progressive stance on education reforms, gender equality, and human rights, she was also a strong critic of the National Education Policy 2020.

Leaders across the political spectrum hailed her contributions, calling her demise an irreparable loss to Indian education and progressive movements.

Malayalam Actor and Mimicry Artiste Kalabhavan Navas Passes Away at 51

Kalabhavan Navas (1974–2025), a celebrated Malayalam actor and mimicry artiste, passed away at the age of 51 in Chottanikkara due to a suspected cardiac arrest.
Rising to fame with the Cochin Kalabhavan troupe, he went on to star in films like Junior Mandrake and One Man Show, and continued to shine on stage and television.
Tributes from across Kerala poured in, with leaders remembering him as a progressive artist who touched countless lives. 

source-BANKERSADDA 

©Kamaleshforeducation.in (2023)