Current Affairs Quiz – July 2025

Notes:
Recently, the Reserve Bank of India (RBI) released the Financial Stability Report for June 2025. The Financial Stability Report is a twice-yearly report by the Reserve Bank of India. It shows the joint assessment of the Sub-Committee of the Financial Stability and Development Council on risks to financial stability and the strength of the Indian financial system. The report highlights that India continues to drive global growth due to solid economic fundamentals and wise policies. Risks include geopolitical tensions, trade disruptions, and weather-related uncertainties.

Notes:
Recently, the Wandan mud volcano in Taiwan erupted, sending bubbling mud into the air while locals set the escaping gases on fire with burning rags. A mud volcano is a small cone of mud and clay, usually less than a few meters high. It forms from hot water mixed with fine sediment, which either flows gently like lava or bursts out like a fountain due to volcanic gas and boiling water. The craters are shallow and erupt mud on and off, rebuilding cones that erode easily. Mud volcanoes, also called mud domes or sedimentary volcanoes, release gases like methane, carbon dioxide, and nitrogen along with often salty or acidic water.

Notes:
Recently, the QUAD nations launched their first-ever At Sea Observer Mission to strengthen maritime cooperation. QUAD includes the Coast Guards of India, Japan, the United States, and Australia. The mission aims to boost maritime security and teamwork in the Indo-Pacific under the Wilmington Declaration. Two officers, including women, from each country have joined the United States Coast Guard Cutter Stratton, now heading to Guam.

Notes:
Recently, the Department of Telecommunications and National Disaster Management Authority have been improving mobile disaster alerts to give timely warnings to people. The National Disaster Management Authority has operationalized the Integrated Alert System called SACHET, developed by Centre for Development of Telematics, based on the Common Alerting Protocol from the International Telecommunication Union. SACHET works in all 36 States and Union Territories and has sent over 6,899 crore Short Message Service alerts in more than 19 Indian languages during disasters. Now, Cell Broadcast technology is being tested to send alerts in near real-time during emergencies like tsunamis, earthquakes, or chemical hazards.

Notes:
Recently, the Ministry of Power announced a task force to develop the India Energy Stack, a new digital platform for the energy sector. The India Energy Stack is a Digital Public Infrastructure to create a secure, standard, and open system for managing and innovating across the electricity sector. It will give unique identification numbers for consumers, assets, and transactions. It will allow real-time, consent-based data sharing and use open Application Programming Interfaces for smooth integration.

Notes:
Recently, the Union Minister for Environment, Forest, and Climate Change released details of new Animal Discoveries and Plant Discoveries for 2024. The Zoological Survey of India publishes Animal Discoveries, while the Botanical Survey of India publishes Plant Discoveries every year. In 2024, India added 683 new faunal species, including 459 new species and 224 new records. It also added 433 plant taxa, with 410 species and 23 infra-specific taxa. Kerala topped faunal discoveries with 101 species, followed by Karnataka with 82, and Tamil Nadu with 63. In the northeast, Arunachal Pradesh found 72 species, Meghalaya 42, and West Bengal 56. The Andaman and Nicobar Islands recorded 43 faunal discoveries.

Notes:
Recently, the Union government ordered fast-tracking of 52 surveillance satellites under the Space-Based Surveillance-III (SBS-III) programme. The SBS-III was approved in October 2023 by the Cabinet Committee on Security led by the Prime Minister. It plans 21 satellites by Indian Space Research Organisation and 31 by private companies. The first launch is due by April 2026, with the full network ready by 2029. The Defence Space Agency under Integrated Defence Staff leads this project and coordinates with Indian Space Research Organisation, Defence Research and Development Organisation, and the armed forces for space security.

Notes:
Recently, Ayush Shetty from Karnataka won the prestigious United States Open badminton title at Council Bluffs, Iowa, becoming the first Indian to win a men’s singles title there since Lakshya Sen’s 2023 Canada Open win. Ayush’s first international title followed consistent performances against top players like Loh Kean Yew and Kidambi Srikanth. Ayush earlier won a bronze at the 2023 World Junior Championships and was runner-up in other tournaments.

Notes:
Recently, the United Nations Conference on Trade and Development released the A World of Debt Report 2025, highlighting a global debt surge worsened by recent crises. Global Public Debt reached a record $102 trillion in 2024. It may rise to 100% of Gross Domestic Product by 2030 if current trends continue. Developing countries hold less than one-third ($31 trillion) of this debt, but their debt has grown twice as fast since 2010. In developing regions, Asia and Oceania account for 24%, Latin America and the Caribbean 5%, and Africa 2% of global public debt. Developing countries face borrowing costs two to four times higher than the United States.