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Q.1.India has improved its position on the Henley Passport Index 2025, climbing 8 spots to rank 77th, compared to 85th in 2024, despite a modest increase in visa-free access from 57 to 59 countries. Which country’s passport is ranked most powerful in the Henley Passport Index 2025?
57 से 59 देशोंतकवीज़ा–मुक्तपहुंचमेंमामूलीवृद्धिकेबावजूद, भारतनेहेनलेपासपोर्टइंडेक्स 2025 मेंअपनीस्थितिमेंसुधारकियाहैऔर 8 स्थानचढ़कर 77वेंस्थानपरपहुंचगयाहै, जबकि 2024 मेंयह 85वेंस्थानपरथा।हेनलेपासपोर्टइंडेक्स 2025 मेंकिसदेशकेपासपोर्टकोसबसेशक्तिशालीस्थानदियागयाहै?
(a) Japan
(b) United States
(c) Germany
(d) Singapore
(e) South Korea
Answer & Explanation
Ans 1.(d).
Exp. India Rises 8 Spots to 77th Rank on Henley Passport Index 2025, Gains Visa-Free Access to 59 Countries
India has improved its position on the Henley Passport Index 2025, climbing 8 spots to rank 77th, compared to 85th in 2024, despite a modest increase in visa-free access from 57 to 59 countries.
The Henley Passport Index, based on International Air Transport Association (IATA) data, ranks passports by the number of destinations their holders can access without a prior visa.
Singapore holds the top spot with visa-free access to 193 destinations, followed by Japan and South Korea in second place (190 destinations), and seven EU countries (Denmark, Finland, France, Germany, Ireland, Italy, and Spain) in third place (189 destinations).
Traditionally strong passports like the U.S. and U.K. have declined in ranking — the U.S. dropped to 10th place (182 destinations), and the U.K. fell to 6th (186 destinations).
The Philippines and Sri Lanka are the two new additions to India’s visa-free access list in 2025, contributing to its improved global ranking.
Recent index
World’s Best Hospitals in 2025 by Newsweek and Statista – Mayo Clinic, USA (rank 1); AIIMS Delhi (97th); Medanta Gurugram (146th); PGIMER Chandigarh (228th)
World Happiness Report 2025- Topped by Finland; India at 118th
Brand Finance Insurance 100 2025 report – Poland-based PZU (1st), China Life Insurance (2nd), India’s LIC (3rd)
Corruption Perceptions Index 2024 – India at 96th ; topped by Denma
Global Firepower Index 2025 – India ranked at 4th; topped by USA
Q.2.Who has been appointed as the new Chairman of the Insurance Regulatory and Development Authority of India (IRDAI) in July 2025?
जुलाई 2025 मेंभारतीयबीमाविनियामकऔरविकासप्राधिकरण (IRDAI) केनएअध्यक्षकेरूपमेंकिसेनियुक्तकियागयाहै?
(a) Debasish Panda
(b) T.V. Somanathan
(c) Ajay Seth
(d) Rajiv Kumar
(e) Sanjay Malhotra
Answer & Explanation
Ans 2.(c).
Exp. Ajay Seth Appointed as New IRDAI Chairman for Three-Year Term
The government appointed former Finance and Economic Affairs Secretary Ajay Seth as the Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).
His appointment is for a period of three years, or until he turns 65, or until further orders—whichever comes earlier.
A 1987-batch IAS officer of the Karnataka cadre, Ajay Seth succeeds Debasish Panda, whose term ended in March 2025, leaving the IRDAI post vacant since then.
About Insurance Regulatory and Development Authority of India (IRDAI)
Established- In the year 1999 under the IRDA Act, 1999
Headquarters- Hyderabad, Telangana
Type- Statutory body under the Ministry of Finance, Government of India
Current Chairman (as of July 2025)- Ajay Seth
Q.3. How much is Angel One planning to invest in the life insurance joint venture with Singapore’s Livwell Holding Company?
Exp. Angel One to Invest ₹400 Crore in Digital-First Life Insurance JV with Singapore’s Livwell
Angel One has announced an investment of ₹400 crore in a life insurance joint venture with Singapore-based Livwell Holding Company, aiming to launch a digital-first life insurance company in India.
In the JV, Angel One will hold a 26% stake, while Livwell will hold the remaining 74%; the initiative targets India’s underpenetrated life insurance market.
Livwell is backed by private equity firm Olympus Capital, which has previously invested in notable institutions like HDFC Bank, CreditAccess Grameen, Karur Vysya Bank, and Utkarsh Small Finance Bank.
Q.4.According to the draft guidelines released by the Insurance Regulatory and Development Authority of India (IRDAI), what is the maximum claim amount up to which the proposed Internal Insurance Ombudsman will be authorised to handle and resolve complaints independently within insurance companies?
Exp. IRDAI Proposes Internal Ombudsman Scheme to Strengthen Complaint Resolution for Insurance Claims up to ₹50 Lakh
The Insurance Regulatory and Development Authority of India (IRDAI) has released draft norms proposing an Internal Insurance Ombudsman Scheme for insurers to handle complaints related to claims up to ₹50 lakh.
The proposed framework mandates an independent and impartial review mechanism, where the internal ombudsman will report directly to the board or its committee and will have decision-making authority for eligible complaints.
The scheme will be applicable to all insurers (except reinsurers) with more than three years of operations, making it mandatory to appoint an internal insurance ombudsman.
This mechanism aims to enhance grievance redressal quality and boost consumer confidence in the insurance sector by ensuring faster and more transparent complaint resolution.
Q.5.What percentage stake has the RBI approved Currant Sea Investments to acquire in IDFC First Bank?
Exp. RBI Approves Warburg Pincus Arm Currant Sea to Acquire 9.99% Stake in IDFC First Bank
The Reserve Bank of India (RBI) has approved Currant Sea Investments B.V., an arm of Warburg Pincus, to acquire up to 9.99% stake in IDFC First Bank.
This approval follows an earlier clearance by the Competition Commission of India (CCI) on June 3, despite shareholders recently rejecting the appointment of a non-retiring Currant Sea board member due to insufficient support (only 64.1% votes, below the 75% threshold).
As part of the deal, IDFC First Bank will issue 81.26 crore preference shares to Currant Sea and 43.71 crore shares to ADIA-backed Platinum Invictus, both priced at ₹60 per share.
Q.6.‘Samudra Prachet’, the second and final indigenous Pollution Control Vessel (PCV), was launched for the Indian Coast Guard (ICG) with 72% indigenous content, promoting local industry, MSMEs, and national skill development. Which shipyard constructed the ‘Samudra Prachet’?
Exp. Indigenous Pollution Control Vessel ‘Samudra Prachet’ Launched by Goa Shipyard for Indian Coast Guard
‘Samudra Prachet’, the second and final indigenous Pollution Control Vessel (PCV) built by Goa Shipyard Ltd (GSL), was launched for the Indian Coast Guard (ICG), with 72% indigenous content, promoting local industry, MSMEs, and national skill development.
The vessel is 114.5 meters long, 16.5 meters wide, with a displacement of 4,170 tonnes, and will be operated by 14 officers and 115 sailors; it features state-of-the-art oil spill response systems, including side-sweeping arms and advanced radar for detecting oil slicks.
‘Samudra Prachet’ is capable of recovering oil across all viscosity levels, pumping contaminated water, analyzing and separating pollutants, and storing recovered oil in dedicated onboard tanks, ensuring rapid and efficient response to maritime pollution incidents.
Q.7.Who made history by becoming the first Indian ever to reach the final of the FIDE Women’s World Cup 2025, after defeating China’s Tan Zhongyi in the semifinal match held in Batumi, Georgia?
Exp. Divya Deshmukh Creates History as First Indian to Reach FIDE Women’s World Cup Final
Divya Deshmukh created history by becoming the first Indian to reach the final of the FIDE Women’s World Cup 2025, after defeating China’s Tan Zhongyi in the semifinal held in Batumi, Georgia, with a 1.5-0.5 score.
With this win, the 19-year-old not only entered the final but also secured a spot in the 2026 Candidates Tournament and achieved her first Grandmaster norm, marking a major milestone in her chess career.
In the final, Divya will face the winner of the other semifinal match between China’s Lei Tingjie (top seed) and India’s No. 1 Koneru Humpy, setting the stage for a high-stakes showdown.
Q.8. Which company has signed a Power Purchase Agreement (PPA) with BESCOM for a 100 MW solar project with battery storage?
Exp. JSW Energy Signs 25-Year Power Pact with BESCOM for 100 MW Solar Project with Battery Storage in Karnataka
JSW Renew Energy Forty Five, a step-down subsidiary of JSW Energy, has signed a 25-year Power Purchase Agreement (PPA) with BESCOM for a 100 MW grid-connected solar project integrated with a 100 MWh Battery Energy Storage System (BESS) at a tariff of ₹4.31/kWh.
The project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district, enhancing grid reliability and renewable power integration.
Following this deal, JSW Energy’s total committed energy storage capacity has reached 29.4 GWh, including 3.0 GWh from BESS and 26.4 GWh from Pumped Hydro Storage.
Q.9.What is the full name of the newly approved scheme by the Assam Government that aims to equip Assamese youth with foreign language skills and support their placement in overseas job markets like Japan?
(b) Chief Minister’s Foreign Language Initiative for Global Human Talent
(c) Assam International Language and Job Programme
(d) Global Skills Training and Employment Scheme
(e) Assam Overseas Career Development Mission
Answer & Explanation
Ans 9.(b).
Exp. Assam Launches ₹1.5 Lakh Scholarship Scheme for Japanese Language Training to Boost Overseas Employment
The Assam Government has launched a scheme named Chief Minister’s Foreign Language Initiative for Global Human Talent (CM-FLIGHT) to promote Japanese language learning and facilitate overseas employment for Assamese youth under Japan’s Specified Skilled Worker (SSW) visa programme.
Under the scheme, the government will provide a scholarship of ₹1.5 lakh per student pursuing Japanese language training (up to JLPT N2 level), helping youth qualify for global employment opportunities.
A pilot project will be implemented in the current financial year through three designated agencies that will provide language training and assist in overseas placements, especially in Japan.
3,000 youth will be selected in the first phase of the programme. Assam CM Himanta Biswa Sarma highlighted that with Japan’s aging population (average age 48) and Assam’s younger demographic (average age 22), there is huge potential for employment, with a minimum salary of ₹2.5 lakh/month in Japan.
About Assam
Formation – 26 January 1950
Capital – Dispur
Chief Minister –Himanta Biswa Sarma
Governor – Lakshman Prasad Acharya
Q.10. According to a Morgan Stanley report, by which year is India expected to become the world’s third-largest economy?
Exp. India Set to Become World’s 3rd Largest Economy by 2028: Morgan Stanley
India is projected to become the world’s third-largest economy by 2028 and could double its GDP to $10.6 trillion by 2035, according to Morgan Stanley.
States like Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, and Karnataka are expected to individually approach the $1 trillion mark by 2035, ranking among the top 20 global economies.
Over the last decade, infrastructure investment has surged, with highway networks expanding by 60%, airports doubling, and metro systems quadrupling. Central schemes like PM Gati Shakti, Bharatmala, and UDAN have driven this growth.
Q.11. The 4th edition of World Food India will be held in New Delhi from 25–28 September 2025, showcasing India’s rich food culture and highlighting investment opportunities in the food processing sector. What is the theme of World Food India 2025?
Exp. 4th Edition of World Food India 2025 to be Held in New Delhi
The 4th edition of World Food India will be held in New Delhi from 25–28 September 2025, showcasing India’s food culture and investment opportunities in the food processing sector.
The 2025 edition will be the largest ever, with participation from over 90 countries and 2,000+ exhibitors and stakeholders across the food value chain.
The event is organised by the Ministry of Food Processing Industries, co-organised by India Trade Promotion Organisation (ITPO), with FICCI as the National Partner and Ernst & Young as the Knowledge Partner.
The theme of World Food India 2025 is “Processing for Prosperity”, aiming to boost collaboration and growth in the global food processing ecosystem.
World Food India aims to promote India as a promising global hub for food processing, manufacturing, and cold chain logistics.
Q.12.Who has been appointed as the captain of the Indian squad for the World Racketlon Championship 2025?
Exp. Vikramaditya Chaufla to Lead India at World Racketlon Championship 2025 in Netherlands
Vikramaditya Chaufla has been appointed captain of the Indian squad for the World Racketlon Championship 2025, scheduled from July 30 to August 3 in Rotterdam, Netherlands.
Racketlon is a multi-racket sport involving four disciplines: table tennis, badminton, squash, and tennis. Chaufla, a former badminton player, had previously led the team and secured a silver medal in the 2022 edition.
The Indian men’s squad includes Krishna B Kotak, Prashant Sen, Nihit Kumar Singh, Suhail Kapur, with Raghav Jatia as a reserve, while Nidhi Tiwari is India’s only representative in the women’s category.
Q.13.What is the official title of the newly launched Artificial Intelligence strategy by the Trump administration aimed at making the U.S. a dominant force in AI exports?
Exp. Trump Unveils Aggressive AI Action Plan to Make U.S. a Global AI Export Powerhouse
The Trump administration has introduced a new Artificial Intelligence (AI) Action Plan titled “Winning the Race”, aimed at transforming the U.S. into a global AI export powerhouse.
The plan includes three executive orders focusing on cutting environmental regulations for faster construction of AI supercomputers, promoting the sale of U.S.-made AI technologies, and streamlining permits for data center infrastructure.
A key aspect of the plan is a crackdown on “woke” AI models, with President Trump emphasizing the need for America to lead the global AI race, calling it a defining technology for the future of civilization.
Q.14.What is the name of the newly launched digital savings account by Fino Payments Bank, aimed at boosting UPI transactions and financial inclusion in semi-urban and rural areas of West Bengal?
Fino Payments Bank द्वारापश्चिमबंगालकेअर्ध–शहरीऔरग्रामीणक्षेत्रोंमें UPI लेन–देनऔरवित्तीयसमावेशनकोबढ़ावादेनेकेलिएशुरूकिएगएनएडिजिटलबचतखातेकानामक्याहै?
(a) UDAAN
(b) DAKSH
(c) GATI
(d) RAASTA
(e) VIKAS
Answer & Explanation
Ans 14.(c).
Exp. Fino Payments Bank Launches “GATI” Digital Savings Account
Fino Payments Bank has launched “GATI” (which means “speed” in many Indian languages), a zero-balance digital savings account aimed at expanding UPI adoption in semi-urban and rural West Bengal, especially among digitally-savvy individuals underserved by traditional banks.
With over 40,000 merchant points, Fino leverages its merchant-led model to provide last-mile access to banking services, enabling instant onboarding through eKYC and immediate UPI activation without the need for physical bank visits.
Q.15.Who has been appointed as the new President of ASSOCHAM (The Associated Chambers of Commerce and Industry of India)?
Exp. Nirmal Minda Appointed as New President of ASSOCHAM
Nirmal K. Minda, Executive Chairman of Uno Minda, has been appointed as the new President of ASSOCHAM, succeeding Sanjay Nayar.
Amitabh Chaudhry, MD & CEO of Axis Bank, is set to become the Vice-President of ASSOCHAM, subject to approval from the Reserve Bank of India (RBI).
The appointments aim to combine manufacturing expertise and financial leadership to advance ASSOCHAM’s goals of sustainable growth, innovation, and global competitiveness.
About ASSOCHAM (Associated Chambers of Commerce and Industry of India)
Established- 1920
Headquarters- New Delhi, India
Type- Non-governmental, non-profit industry organization