- A cloudburst over the Kheer Ganga River (a tributary of Alaknanda River) led to flash floods in the high altitude villages of Dharali in Uttarakhand's Uttarkashi district.
- A cloudburst is a localized, extremely intense rainfall event where more than 100 mm of rain falls within an hour over a small area (typically about 10 km²).
- Cloudbursts are particularly common in mountainous regions, such as the Himalayas, due to topographical and meteorological factors. Read More
Home / Daily Current Affairs / 06-08-2025
Daily Current Affairs – 6 August, 2025
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- The President of the Philippines first time visited India since assuming office in 2022.
- India and the Philippines have decided to boost their defence and maritime links, begin direct flights and start negotiating a new trade deal as they upgrade their ties to the level of a strategic partnership.
- Both sides also announced the commencement of talks for a preferential trade agreement. Read More
President of Philippines State Visit to India
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About
- U.S. President Donald Trump announced a 25% tariff on Indian products; the aquaculture sector in Andhra Pradesh is likely to be severely affected.
- Indian exporters are presently paying 10% tariffs and additional anti-dumping duty of 4.5% and countervailing duty of 5.8%.
- With the US announcing the tariffs of 25%, the exporters will face at least 15% additional duty over the existing tariff structure from August 7. Read More
US 25% Tariff Likely to Hit Seafood Exports from Andhra Pradesh
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About
- As per a report submitted in the Rajya Sabha, the Enforcement Directorate (ED) has taken up 5,892 cases under the Prevention of Money Laundering Act (PMLA) since 2015 but only 15 have resulted in convictions.
- Money laundering is the process of making illegally obtained money appear legitimate by channeling it through complex financial transactions.
- Under Section 3 of the Prevention of Money Laundering Act (PMLA), 2002, it involves concealing, possessing, acquiring, or using proceeds of crime and projecting them as untainted property. Read More
Money Laundering
In News
Money Laundering
- The Reserve Bank of India’s (RBI) in its Monetary Policy Committee (MPC) meeting decided to keep the repo rate unchanged at 5.50%.
- The repo rate is the rate at which the RBI lends short-term money to commercial banks. It is the key policy tool used by the RBI to control liquidity, inflation, and economic growth.
- A lower repo rate means banks can borrow from the RBI at cheaper rates. This encourages banks to lower lending rates, leading to: Read More
RBI Holds Repo Rate and Lowers Inflation Forecast
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What is the Repo Rate?
- India has made significant strides in the dairy sector, but the potential of small ruminants (goats, sheep) and poultry remains underutilised.
- Global Leadership: India is the world’s largest milk producer, contributing 24.76% of global milk output.
- Production Growth: Milk production rose from 146.31 million tonnes in 2014-15 to 239.30 million tonnes in 2023-24. Read More
Role of Small Ruminants in Economy and Nutritional Security
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Dairy Sector of India
- The PM highlighted the effectiveness of Pradhan Mantri Jan Dhan Yojana (PMJDY) in transforming financial services for India’s poorest over the past 11 years.
- Launched on August 28, 2014, the PMJDY has become one of the world’s largest financial inclusion initiatives.
- The scheme was aimed at providing every household with a bank account and bringing marginalized and rural communities into the formal banking system. Read More
