Current Affairs - July 03, 2025 (For Competitive Exams)

This compilation provides key current affairs from July 3, 2025, relevant for competitive examinations in India.

National News

  • PM Modi Addresses Parliament of Ghana: Prime Minister Narendra Modi addressed a special session of the Ghanaian Parliament on July 3, 2025, the first Indian Prime Minister to do so. He was also conferred with Ghana's highest civilian honor on July 2.
  • C-FLOOD Platform Launched: Union Minister C.R. Patil inaugurated C-FLOOD, India's first Unified Inundation Forecasting System, on July 2, 2025. This web-based platform, a collaboration between the Central Water Commission, Centre for Development of Advanced Computing (C-DAC), and the National Remote Sensing Centre (NRSC), aims to provide village-level flood forecasts up to 48 hours in advance, enhancing flood preparedness.
  • RailOne App for Indian Railways: Indian Railways launched the RailOne app, a 'super app' integrating all passenger services like ticket booking (reserved and unreserved), PNR tracking, train status, Rail Madad, and feedback into a single platform. It aims to streamline railway services, boost reliability, user convenience, and system capacity.
  • Supreme Court Reservation Policy Notification: The Supreme Court issued a notification clarifying that reservation in direct staff recruitments would follow Union Government norms for various categories including OBCs, SCs, and STs. This policy, effective from June 23, 2025, via an internal circular, allocates a 15% quota for SC and 7.5% for ST in appointments and promotions.
  • Monsoon Session of Parliament: The Monsoon session of Parliament was announced to be held from July 21 to August 21, 2025.
  • Fast-tracked Space-Based Surveillance Programme (SBS-III): The Union government ordered fast-tracking of 52 surveillance satellites under the SBS-III programme to enhance the surveillance capabilities of the Indian Army, Navy, and Air Force. This initiative involves ISRO and private companies and aims for better coverage of borders with China and Pakistan, as well as the Indian Ocean Region, using AI-enabled satellites. The first satellite is expected to launch by April 2026.
  • Maharashtra Transport Strike Continues: Transport operators in Maharashtra continued their indefinite strike, protesting against the e-challan system and other grievances.

Economic and Financial News

  • India-US Trade Talks Conclude Fifth Round: India and the US concluded the fifth round of talks for a proposed Bilateral Trade Agreement (BTA) in Washington on July 17. Both sides aim to finalize an interim deal before August 1, addressing Trump-era tariffs and seeking concessions on various goods.
  • India's First Semiconductor Chip Expected in 2025: The Union Minister stated that India's first semiconductor chip would be unveiled in 2025.
  • Union Bank of India's Net Profit Rises: Union Bank of India reported a 21.59% rise in consolidated net profit for the June 2025 quarter.
  • India's Tea Exports Up: India's tea exports increased by 2.85% in FY25.
  • Employment Linked Incentive (ELI) Scheme Approved: The Union Cabinet approved the ELI Scheme, targeting the creation of over 3.5 crore jobs.

Important International Relations and Events

  • Congo, M23 Rebel Group Sign Peace Framework: The Democratic Republic of Congo government and the M23 rebel group signed a declaration of principles in Qatar to end the conflict in the eastern region, after months of mediation. The agreement, reached with strong US pressure, includes an immediate ceasefire and outlines a commitment to begin formal negotiations for a comprehensive peace agreement.
  • India-US to Ink 10-Year Defence Framework: India and the U.S. agreed to finalize a 10-year framework to further expand defence and strategic ties.
  • Quad Nations Launch Maritime Observer Mission: The QUAD nations launched their first-ever At Sea Observer Mission to strengthen maritime cooperation in the Indo-Pacific.
  • India Expresses Concern Over Abduction of Nationals in Mali: India expressed deep concern over the abduction of three Indian nationals in Mali.
  • India Welcomes US Listing of Terrorist Group: India welcomed the US listing of The Resistance Front (TRF) as a global terrorist organization.

Important Days (July 3, 2025)

  • World Sports Journalist Day: Celebrated to honor the vital contributions of sports journalists.
  • World UFO Day: Observed on July 2nd to encourage attention to unidentified aerial phenomena and ufology.
  • Emancipation Day (United States Virgin Islands): Commemorates the 1848 freeing of slaves in the Danish West Indies.
  • Independence Day (Belarus): Celebrates the liberation of Minsk from Nazi occupation in 1944.