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Daily Current Affairs – 25 July, 2026

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    Amendment to the Public Examinations (Prevention of Unfair Means) Act, 2024

    Context

  • The Union Cabinet cleared a proposal to introduce amendments to the Public Examinations (Prevention of Unfair Means) Act, 2024, endowing the anti-paper leak law with tougher penalties and time-bound trial mechanisms.

    • About

  • The proposed amendments to the anti-cheating law include steeper jail sentences, higher financial penalties and the setting up of fast-track courts for speedy trials. 
  • Amendments in Penalties: Imprisonment for those involved in organised examination fraud has been hiked from the previous 3-5 year bracket to 5 to 10 years in prison. 
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    NATO’s Ankara Summit

    Context

  • The 2026 NATO Summit, held in Ankara, Türkiye, reaffirmed the Alliance's commitment to collective defence and strengthening Europe's defence industrial base.

    • Key Outcomes of the NATO Ankara Summit

  • Reaffirmation of Collective Defence: The NATO members unanimously reaffirmed their "ironclad commitment" to collective defence under Article 5 of the Washington Treaty.
  • The members pledged to strengthen military preparedness against emerging threats, particularly from Russia.
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    SC Prohibits Unauthorised Recording, Monetisation of Court Videos on Social Media

    Context

  • The SC has prohibited the extraction, editing, dissemination, reposting, uploading or monetisation of audio and video recordings of judicial proceedings on social media and other digital platforms without prior permission from the concerned court.

    • About

  • The court clarified that the interim order would not affect fair news reporting of judicial proceedings.
  • The High Courts have also been asked to submit reports on the adoption of the Supreme Court's model livestreaming guidelines and explain the impact of continuous livestreaming of proceedings.
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    Technology Driven Responsive Tax Governance in India

    Context

  • On the occasion of 167th Income Tax Day, the Union Finance Minister, unveiled the 5Rs of Responsive Tax Governance and highlighted the Income-tax Act, 2025, indicating India’s move towards a simplified, technology-driven and taxpayer-centric tax administration.

    • Tax Governance System of India

  • It is the institutional and legal framework for the government to administer, collect and enforce taxes in a transparent, accountable and taxpayer-facilitating way.
  • It aims to raise revenue for public spending, promote voluntary compliance and foster economic growth through a fair and efficient tax system.
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    SEBI Proposes Comprehensive Reforms to Portfolio Management Services (PMS) Framework

    Context

  • The Securities and Exchange Board of India (SEBI) has proposed a sweeping review of the SEBI (Portfolio Managers) Regulations, 2020, seeking to modernise the framework governing portfolio management services (PMS).

    • What’s a portfolio management service (PMS)?

  • Portfolio management service (PMS) is registered under the SEBI (Portfolio Managers) Regulations, 2020. 
  • It is a professional investment service where a qualified fund manager takes charge of the equity, debt and other securities portfolio of a customer, who is a high net-worth individual. 
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    News In Short 25-07-2026

    Context

  • India strongly condemned the attack on the commercial vessel MV OMORFI in the Black Sea.

    • Black Sea

  • The Black Sea is a large inland body of water located in southeastern Europe, bordered by six countries: Bulgaria, Romania, Ukraine, Russia, Georgia, and Turkey. 
  • It is connected to the Mediterranean Sea through the Bosporus Strait, the Sea of Marmara, and the Dardanelles Strait.
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