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Daily Current Affairs 15th July 2025 Daily GK Update
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National News
IIFL Home Finance Secures $100 Million from AIIB
- IIFL Home Finance has secured $100 million (approx. ₹858 crore) funding from the Asian Infrastructure Investment Bank (AIIB) to enhance access to affordable housing for economically weaker sections (EWS) and lower income groups (LIG).
- The funding will support both demand and supply sides — offering home loans to low-income families in urban and semi-urban areas, and financing affordable housing developers promoting green-certified projects to boost sustainability.
- This collaboration aligns with India’s climate goals and supports the green housing portfolio of IIFL HFL, reinforcing its mission for responsible, climate-conscious, and accessible housing finance.
- The investment complements the Pradhan Mantri Awas Yojana – Urban (PMAY-U 2.0) initiative, helping bridge the housing gap and promote sustainable urban development across India.
India Signs Long-Term Fertilizer Supply Agreements with Saudi Arabia
- India and Saudi Arabia have signed long-term fertilizer supply agreements, under which 1 million metric tons of Diammonium Phosphate (DAP) will be supplied annually for five years from 2025–26, with the possibility of a 5-year extension.
- The agreements, signed between Maaden and Indian firms like IPL, KRIBHCO, and CIL, mark a major rise from the 1.9 million MT of DAP imported in 2024–25, enhancing India’s agricultural supply securit
Recently India signed MoUs with others countries
- India & Italy sign MoU for cooperation in the field of scientific research
- India-Singapore to jointly develop Green and Digital Shipping corridor
- India and New Zealand explore digital payments, trade, and investment ties
- India has signed an MoU with Armenia for cooperation in the field of medical products regulation.
- India and Nepal Sign MoU to Strengthen Cooperation in Water, Sanitation, and Hygiene (WASH) Sector
HAL and CeNS Collaborate to Launch Advanced Academic Centre in Karnataka
- Hindustan Aeronautics Limited (HAL) and the Centre for Nano and Soft Matter Sciences (CeNS) have signed a MoA to set up the HAL Advanced Academic Initiation Centre at CeNS’ Arkavathi Campus in Karnataka under HAL’s CSR initiative to promote science education, especially for rural students.
- The new centre will support science outreach through CeNS’s Vigyaani Vidyarthi Vichar Vinimay (V4) programme, which has already benefited over 20,000 students from more than 200 institutions.
- The MoA was signed by HAL’s GM (HR) Pradeep Kumar and CeNS’s Director Prof. BLV Prasad, in the presence of HAL CMD Dr. DK Sunil and Director (HR) MG Balasubrahmanya.
International News
India Becomes First Country to Launch AI-Integrated Traditional Knowledge Digital Library: WHO
- The World Health Organization (WHO) has acknowledged India as the first country to launch a Traditional Knowledge Digital Library (TKDL) and praised its leadership in using Artificial Intelligence (AI) to modernize traditional medicine systems like Ayurveda, Siddha, Unani, and Homoeopathy.
- The recognition came in WHO’s technical brief titled “Mapping the Application of Artificial Intelligence in Traditional Medicine”, developed following India’s proposal and leading to WHO’s first-ever AI roadmap for traditional medicine.
- The WHO report highlights AI-driven tools such as diagnosis support systems that blend traditional techniques like pulse reading, tongue analysis, and Prakriti assessment with machine learning and deep neural networks.
- A key highlight is Ayurgenomics, an emerging field that combines genomics and Ayurveda to detect disease markers and deliver personalized health advice by analyzing a person’s Ayurvedic constitution using AI.
NSE Ranks 4th Globally in IPO Fundraising in H1 2025, Raises $5.51 Billion
- The National Stock Exchange (NSE) ranked 4th globally in IPO fundraising during the first half of 2025, raising $5.51 billion, which accounted for 8.9% of the total global IPO proceeds of $61.95 billion, as per S&P Global Market Intelligence.
- The top three global exchanges for IPO fundraising during the same period were the Nasdaq Global Market, New York Stock Exchange (NYSE), and Nasdaq Global Select Market, which together raised $28.95 billion.
- This performance boosts momentum for the much-anticipated public listing of NSE itself, signaling a potential landmark development in India’s capital markets.
Banking News
CPI inflation at 2.10% in June 2025
- India’s retail inflation fell to 2.10% in June 2025, the lowest in over six years, with rural inflation at 1.72% and urban at 2.56%, offering relief to households under long-standing cost pressures.
- Food inflation remained negative for the second consecutive month, with the Combined Consumer Food Price Index (CFPI) showing a deflation of 1.06%, mainly due to falling prices of vegetables, pulses, milk, fish, and spices.
- Despite easing headline inflation, core sectors like health (4.43%), education (4.37%), and housing (3.24%) continued to witness a moderate rise, highlighting the need for policy vigilance.
- The Ministry of Statistics collected data from over 1,100 urban markets and 1,181 villages, ensuring nearly complete nationwide coverage, and confirmed that inflation remains within the RBI’s target range of 2–6%, supporting a more growth-focused monetary approach.
Previous Months CPI-based Retail inflation
- January 2025 – 4.26%
- February 2025 – 3.6%
- March 2025 – 3.34%
- April 2025 – 3.16%
- May 2025 – 2.84%
- June 2025 – 2.10%
Appointments
Dr. Abhijat Sheth Appointed as Chairperson of National Medical Commission (NMC)
- Abhijat Sheth, a cardiothoracic surgeon and current president of NBEMS, has been appointed as the new chairperson of the National Medical Commission (NMC), succeeding Dr. Suresh Gangadhar.
- Sheth emphasized that his key priorities would include enhancing the quality of medical education, promoting good governance, and encouraging teamwork to fulfill government goals.
About National Medical Commission (NMC)
- Established- 2020 (replaced the Medical Council of India – MCI)
- Type- Apex regulatory body for medical education and practice in India
- Under- Ministry of Health and Family Welfare, Government of India
President Murmu Nominates Harsh V Shringla, Ujjwal Nikam, Meenakshi Jain & C Sadanandan Master to Rajya Sabha
- President Droupadi Murmu has nominated Harsh V Shringla, Ujjwal Nikam, Meenakshi Jain, and C Sadanandan Master to the Rajya Sabha under Article 80 of the Constitution, which allows nomination of individuals with special knowledge in fields like literature, science, art, and social service.
- Harsh V Shringla, a 1984-batch IFS officer and former Foreign Secretary, was praised by PM Modi for his diplomatic acumen and contributions to India’s foreign policy and G20 Presidency.
- Ujjwal Nikam, a renowned criminal lawyer known for handling high-profile cases like the 26/11 Mumbai terror attacks and 1993 Bombay blasts, was lauded for his lifelong devotion to justice and Constitutional values.
- Meenakshi Jain, a reputed historian and academic, and C Sadanandan Master, a courageous teacher and social worker from Kerala, were recognized for their impactful contributions to historical research and youth empowerment, respectively.
Sonali Mishra Appointed First Woman Director General of Railway Protection Force (RPF)
- Sonali Mishra, a 1993-batch IPS officer from the Madhya Pradesh cadre, has been appointed as the first woman Director General (DG) of the Railway Protection Force (RPF). Her tenure will last till October 31, 2026, succeeding Manoj Yadava.
- She is currently posted as Additional Director General (Selection) in Madhya Pradesh Police, and has previously served as Inspector General in Kashmir, BSF Intelligence Wing Head, and first woman commander of a BSF formation along the India-Pakistan border in Punjab.
- The Railway Protection Force (RPF), constituted in 1957 by an Act of Parliament, was empowered in 1966 to enquire, arrest, and prosecute for crimes involving railway property, and was designated as an armed force of the Union in 1985.
- Sonali Mishra has been honored with both the President’s Police Medal for Distinguished Service (PPMDS) and the Police Medal for Meritorious Service (PMMS) for her exemplary contributions in policing and national security.
Karnataka Bank Appoints Raghavendra S Bhat as Interim MD & CEO
- Karnataka Bank has appointed Raghavendra S Bhat as its new MD & CEO for a period of three months.
- The appointment follows the resignations of MD & CEO Srikrishnan Hari Hara Sarma and Executive Director Sekhar Rao, both citing personal reasons and relocation issues.
- In May 2025, the bank’s statutory auditors flagged expenditures by whole-time directors made without board approval, which is believed to have contributed to the senior-level exits.
About Karnataka Bank
- Founded- 18 February 1924
- Headquarters– Mangalore, Karnataka
- MD & CEO – Raghavendra S Bhat (replace Srikrishnan Hari Hara Sarma)
- Tagline – Your Family Bank Across India
President Murmu Appoints New Governors for Goa, Haryana and Lieutenant Governor for Ladakh
- President Droupadi Murmu has appointed Pusapati Ashok Gajapathi Raju as the Governor of Goa and Prof. Ashim Kumar Ghosh as the Governor of Haryana.
- Kavinder Gupta has been named the new Lieutenant Governor of Ladakh, replacing Brig. (Retd.) Dr. B.D. Mishra, whose resignation was accepted by the President.
Sports
Jannik Sinner Creates History as First Italian Man to Win Wimbledon
- World No.1 Jannik Sinner clinched his first Wimbledon title by defeating defending champion Carlos Alcaraz in a thrilling four-set final (4-6, 6-4, 6-4, 6-4) at the All England Club, becoming the first Italian man in history to win Wimbledon.
- Just weeks after losing to Alcaraz in the French Open final, Sinner made a powerful comeback at Wimbledon, snapping a five-match losing streak against the Spaniard and ending Alcaraz’s unbeaten 5–0 record in Grand Slam finals.
- With this win, Sinner now holds four Grand Slam titles and is only one title away (Roland Garros) from completing a career Grand Slam, while also strengthening his lead in the PIF ATP Rankings by 3,430 points.
- Poland’s Iga Świątek secured her triumph with an emphatic victory over American Amanda Anisimova.
Chelsea Clinch Historic FIFA Club World Cup Title with 3–0 Win Over PSG
- Chelsea FC created history by winning the first-ever 32-team FIFA Club World Cup, defeating Paris Saint-Germain (PSG) 3–0 in the final held at MetLife Stadium, New Jersey.
- Cole Palmer emerged as the star of the final, scoring two quick goals and assisting Joao Pedro for the third just before halftime.
- Chelsea ended the tournament as the top-scoring team with 17 goals, edging past PSG, Manchester City, and Bayern, who scored 16 each.
- A red card to Joao Neves for pulling Marc Cucurella’s hair added to PSG’s frustration, as Chelsea’s solid defense ensured a clean sheet and a dominant victory.
Important Days
15 July – World Youth Skills Day
- World Youth Skills Day is observed every year on 15th July to raise awareness about the importance of equipping young people with skills for employment, decent work, and entrepreneurship.
- Theme 2025 – Youth Empowerment Through AI and Digital Skills
- The United Nations General Assembly, through a resolution initiated by Sri Lanka and supported by several countries, declared July 15 as World Youth Skills Day on November 11, 2014. The first celebration took place on July 15, 2015, aligning with the launch of the 2030 Agenda for Sustainable Development, which emphasises quality education and decent work for all.
Obituary
Veteran Telugu actor and former MLA Kota Srinivasa Rao died
- As a politician, Srinivasa Rao has served as the MLA from Vijayawada East in Andhra Pradesh from 1999 to 2004.
- Kota Srinivasa Rao, known for his versatile performances, appeared in over 750 films across multiple languages during his illustrious career. He made his film debut with ‘Pranam Khareedu’ in 1978.
- In 2015, he was awarded the Padma Shri, India’s fourth-highest civilian honour, for his contribution to Indian cinema.
Former Nigerian President Muhammadu Buhari Passes Away
- Former Nigerian President and ex-military ruler Muhammadu Buhari passed away at the age of 82 in a London hospital, after battling an undisclosed illness.
- Buhari was a controversial but influential figure in Nigerian politics, known for his strong stance on anti-corruption, especially during his brief military rule in 1983–85.
- During his military regime, around 500 political and civilian figures, including activists and journalists, were detained before he was overthrown in a coup led by General Ibrahim Babangida.
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