- The Environment Impact Assessment (EIA) study carried out for the Great Nicobar Infrastructure Project (GNIP) downplays the risk of future earthquakes that could trigger tsunamis on the scale that was seen in 2004.
- The GNIP envisages a trans-shipment port, an international airport, township development, and a 450 Megavolt-Amperes (MVA) gas and solar-based power plant in the GNI.
- It was accorded an environment and preliminary forest clearance by the Centre.
- Concerns: Potential loss of biodiversity, tree-felling, and impact on resident tribes prompted the National Green Tribunal to order a review of the environmental aspects of the project.
- The islands were among the worst affected regions during the 2004 Indian Ocean tsunami-earthquake. Read More
Home / Daily Current Affairs / 07-07-2025
Daily Current Affairs – 7 July, 2025
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- Recently, the Chief Justice of India underscored the enduring value of education in one’s mother tongue, calling it a cornerstone of personal growth and ethical grounding.
- A language is an umbrella term which contains many mother tongues.
- India is a linguistically diverse country, and one of the richest in the world — with over 1,300 rationalized mother tongues and 122 major languages spoken by more than 10,000 people each.
- In ancient gurukuls and madrasas, students learned through Sanskrit, Pali, Persian, or regional dialects.
- However, colonial education policies introduced English as the dominant medium, marginalizing native languages and creating a linguistic divide that persists today. Read More
Studying in Mother Tongue Instils Strong Values: CJI
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About
- Prime Minister Narendra Modi addressed the BRICS Summit Plenary session on ‘Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence.
- The BRICS Leaders’ Declaration, adopted at the summit reflected India’s key concerns, especially on cross-border terrorism and global governance reforms.
- PM Modi said that the majority of the world’s population is not properly represented in key global institutions.
- He called for a greater role for the developing world in international decision-making.
- He also emphasizes the need for making BRICS more effective in an increasingly multipolar world. Read More
17th BRICS Summit in Brazil
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Major Highlights of the BRICS Summit
- According to the World Bank, India’s Gini Index stands at 25.5, making it the fourth most equal country in the world.
- India was placed after the Slovak Republic, Slovenia and Belarus.
- India’s score is much lower than China’s 35.7 and far lower than the United States, which stands at 41.8.
- India falls into the “moderately low” inequality category, which includes Gini scores between 25 and 30.
- India has a better score than all of the other 167 countries for which the World Bank has released data. Read More
India Ranks 4th among the World’s Most Equal Societies
Context
Major Highlights
- The Union Cooperation Minister laid the foundation stone for India’s first national-level cooperative university, ‘Tribhuvan Sahkari University’ (TSU), in Anand, Gujarat.
- A cooperative (or co-op) is an organization or business that is owned and operated by a group of individuals who share a common interest, goal, or need.
- These individuals, known as members, participate in the cooperative's activities and decision-making process, typically on a one-member, one-vote basis, regardless of the amount of capital or resources each member contributes.
- The main purpose of a cooperative is to meet the economic, social, or cultural needs of its members, rather than to maximize profits for external shareholders. Read More
Cooperatives: The Economic Backbone of India
Context
What are Cooperatives?
- India is witnessing a structural transformation marked by declining net financial savings, rising household debt, and a shifting asset composition.
- Household saving is the difference between a household’s net disposable income and its total consumption expenditure, including taxes and debt repayments.
- It reflects the ability of households to defer current consumption for future security, investment, or emergencies. Read More
Concern over Falling Household Savings in India
Context
What is Household Savings?
- India's foreign trade dynamics have shifted significantly over the past two decades, with "invisibles"—exports of services and remittances from Indians abroad—now playing a more crucial role than physical goods.
- India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.
- The Economic Survey 2024-25, presented by Finance Minister Nirmala Sitharaman, highlights the service sector as the ‘Old War Horse’ of India’s economy, driving growth both domestically and globally. Read More
‘Invisible Hand’ in India’s Foreign Trade
In News
India’s Service Sector
- Helgoland is remembered as the birthplace of quantum mechanics.
- It is a tiny red-sandstone island in the North Sea, about 50 km off Germany’s coast.
- It is Less than a square kilometre in size and it was once a naval fortress and later became a holiday destination for those seeking fresh air. Read More
