Current Affairs - July 07, 2025 (For Competitive Exams)

This compilation provides key current affairs from July 7, 2025, relevant for competitive examinations in India.

National News

PM Modi at 17th BRICS Summit: Prime Minister Narendra Modi participated in the 17th BRICS Summit in Rio de Janeiro, Brazil (July 6-7, 2025). During his address, he emphasized India's commitment to climate justice, calling it a moral duty. He also highlighted that existing global institutions need reform to address contemporary challenges and welcomed the strong stance on UN reform in the Summit Declaration. Modi stressed zero tolerance for terrorism, referencing the April 2025 Pahalgam attack.
First Cooperative University Inaugurated: Tribhuvan Cooperative University was inaugurated in Anand, Gujarat, India's first national-level cooperative university.
Controllers' Conference 2025 Inaugurated: The Defence Minister Rajnath Singh inaugurated the Controllers' Conference 2025 in New Delhi, focusing on transforming defense financial governance.
Parliament Monsoon Session Scheduled: The Monsoon session of Parliament was scheduled from July 21 to August 21, 2025.
Maharashtra Transport Strike: The indefinite strike by Maharashtra transport operators continued in protest of the e-challan system and other issues.

India's Ease of Doing Business Ranking: India ranked 63rd in the World Bank's Doing Business Report (DBR), 2020, significantly improving from 142nd in 2014. India also ranked 4th among the World's Most Equal Societies by the World Bank.
Forex Reserves Update: India's forex reserves dipped by $3.04 billion for the week ending July 4, standing at $699.74 billion. India's reserves touched an all-time high of $704.885 billion in end-September 2024.
Investment Confidence Grows: India recorded a 12.6% year-on-year growth in business investment confidence in Q3 2025.
IndiaAI Mission Approved: The Union Cabinet approved the IndiaAI Mission with a budget of ₹10,371.92 crore to strengthen the AI innovation ecosystem.

India-Brazil Joint Statement: India and Brazil released a joint statement emphasizing enhanced cooperation in strategic areas, including the peaceful uses of outer space and maritime cooperation. Both sides agreed to explore collaborations in satellite design, development, launch vehicles, and more.
PM Modi Conferred Key to Buenos Aires: Prime Minister Narendra Modi was honored with the 'Key to the City of Buenos Aires' during his visit, acknowledging his role in enhancing India-Argentina relations.
17th BRICS Summit: The Summit adopted the Rio de Janeiro Declaration focusing on global governance reforms and sustainable development. Indonesia was welcomed as a full BRICS member.

World Chocolate Day: Observed on July 7th, commemorating the arrival of chocolate in Europe in 1550.
Global Forgiveness Day: Promotes emotional healing through forgiveness and reconciliation.
Islamic New Year (tentative): Marks the beginning of the new Hijri lunar year. Muharram is a public holiday in India.