One‑Liner Summary of Current Affairs 5th July 2025
- Bengaluru City University renamed after Dr. Manmohan Singh
- Indore becomes India’s first city with QR‑coded house addresses
- GST collections rise 6.2% in June to ₹1.85 lakh crore
- UPI records 18.40 billion transactions worth ₹24.04 lakh crore in June
- Amitabh Kant appointed Non‑Executive Director at IndiGo
- Vicky Kaushal becomes brand ambassador for A23’s EPIC Poker Championship
- DAC approves ₹1.05 lakh crore of indigenous defence procurement
- ELI to merge with PM Internship Scheme for integrated employment push
- Reliance Retail invests in UK-based FACEGYM
- NCDEX and IMD to launch India’s first parametric weather derivatives
- Sri Lanka’s KDU launches Hindi programme in partnership with SVCC
- Nvidia briefly becomes world’s most valuable company at US $3.92 trillion
- Kho Kho Federation aims to expand to 90 countries
- International Day of Cooperatives 2025 observed on 5 July
Banking, Business & Finance
GST Collections Rise by 6.2% in June 2025
India’s GST revenue was ₹1.85 lakh crore in June, a 6.2% YoY rise—the slowest in four years—with a solid 12% increase over the quarter. FY25 GST revenues doubled to ₹22.08 lakh crore from ₹11.37 lakh crore in FY21
UPI Records 18.40 Billion Transactions in June
UPI platform recorded 18.40 billion transactions totaling ₹24.04 lakh crore—driven by a 32% YoY volume growth despite a seasonal dip from May .
National & State Affairs
Bengaluru City University Renamed
Karnataka renamed the university after former PM Dr Manmohan Singh, honoring his contributions to infrastructure and education.
Indore Introduces QR‑Coded House Addresses
Indore became the first Indian city to roll out QR‑based address plates with GPS links for improved civic services and emergency response.
Appointments & Brand Endorsements
Amitabh Kant Joins IndiGo Board
Ex‑IAS officer and former G20 Sherpa, Amitabh Kant, was appointed a Non‑Executive Director at InterGlobe Aviation (IndiGo), pending regulatory approval.
Vicky Kaushal Named Brand Ambassador for A23
Bollywood actor Vicky Kaushal is the new face of the EPIC Poker Championship by A23, a 19-day skill-gaming festival concluding in Goa.
Acquisitions & Mergers
DAC Clears ₹1.05 Lakh Crore Defence Procurements
Under the Buy (IDDM) category, DAC approved 10 capital proposals, including SAMs, electronic warfare systems, and mine-countermeasure vessels .
Govt Merges ELI with Internship Schemes
The Employment-Linked Incentive (ELI) Scheme may be merged with the PM Internship Scheme (PMIS) and apprentice programmes (NAPS/NATS) to improve job absorption. FY26 aims include 700,000 internships, supported by ₹99,446 crore ELI funds.
Reliance Retail Invests in FACEGYM
Reliance took a minority stake in FACEGYM (UK) to bring science-driven facial fitness and wellness concepts to India via Tira stores and stand-alone studios.
MoUs & Agreements
NCDEX & IMD to Launch Weather Derivatives
A MoU was signed for India’s first parametric weather derivatives, allowing risk mitigation for agriculture, transport, and trade based on weather indices.
KDU Sri Lanka Launches Hindi Programme
Kotelawala Defence University, in collaboration with SVCC, launched a Hindi elective programme to deepen cultural and academic ties with India.
Science & Technology
Nvidia Becomes Most Valuable Company
Nvidia’s market cap hit US $3.92 trillion, surpassing Apple, driven by surging demand for AI chips used by major tech firms.
Sports News
Kho Kho Federation Aims Global Expansion
KKFI’s new leadership team plans to grow from 58 to 90 countries, targeting inclusion in the Asian Games 2030 and Olympic Games 2032.
International Update & Observance
International Day of Cooperatives 2025
Observed on Saturday, 5 July, this year’s theme is “Cooperatives Build a Better World”, celebrating cooperative enterprise and community impact.
Recap – July 5 Past & Present
| Sector | Key Updates |
|---|---|
| Banking & Finance | GST up 6.2%, UPI hits 18.4B |
| National | University renamed, QR address system launched |
| Appointments | Kant joins board, Kaushal becomes A23 face |
| Defence & Policy | ₹1.05L cr procurements, ELI–PMIS merger planned |
| Corporate Investments | Reliance invests in FACEGYM |
| Agri-Tech Risk | NCDEX–IMD derivative project |
| Education Diplomacy | Hindi programme in Sri Lanka |
| Tech & Markets | Nvidia $3.92T valuation |
| Sports Expansion | Kho Kho to 90 countries |
| Global Observance | Cooperatives Day recognized |
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