Daily Current Affairs – 01-08-2025
National News
Cabinet enhances budgetary allocation for PMKSY
The Union Cabinet on Thursday increased the budgetary outlay for the flagship scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) by ₹1,920 crore to ₹6,520 crore. The move is aimed at boosting the food processing sector. The enhanced funds, to be provided this fiscal, will be utilized for 50 multi-product food irradiation units and 100 food testing labs. The decision was taken in a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.
International Award for Food and Peace in Dr. M.S. Swaminathan’s Name
At the centenary celebrations of agricultural scientist Dr. M.S. Swaminathan, Prime Minister Narendra Modi is presenting the international award for food and peace, established in his name. Prime Minister Narendra Modi will inaugurate Dr. M.S. Swaminathan’s centenary celebrations in Pusa, Delhi on August 7th. The M.S. Swaminathan centenary celebrations will be held for 3 days (Aug. 7-9) on the theme ‘A Life in Harmony with Nature’. To mark this centenary, the governments of India, Tamil Nadu, and Colombia, along with the central government at the Delhi event, will honor him by releasing a commemorative postage stamp and a Rs. 1000 coin. Prime Minister Modi will release them.
Economy News
Tata Motors to Acquire Italian Company
Tata Motors is acquiring the Italian luxury vehicle manufacturing company, Iveco. This deal, valued at 380 crore Euros (approximately ₹38,240 crore), is the company’s largest acquisition. Previously, the acquisition of Britain’s Jaguar Land Rover for 230 crore dollars was its biggest. A press release from the company stated: The company has made an offer to acquire 100% of the public shares of the Iveco Group (excluding the defense sector) through Tata Unit International transactions. This agreement is subject to all regulatory, legal, and necessary approvals.
Science and Technology News
China: Pakistan’s Satellite Launched into Space
Pakistan successfully launched its new remote sensing satellite (PRSS-1) from the Xichang Satellite Launch Center in China’s Sichuan province on Thursday. This satellite will help in monitoring climate change data. It has been reported that this satellite, launched via China’s Kuaizhou-1A rocket, was placed into Earth’s orbit with the technical assistance of Pakistan’s space research center.
International News
Recognition for Palestine: Canada Also Announces
Canadian Prime Minister Justin Trudeau has announced that Canada plans to recognize Palestine as an independent state. Previously, despite opposition from Israel and the United States, several countries had announced their intention to grant recognition to Palestine. Britain had also stated that if certain conditions were met, it would support granting Palestine independent statehood within a month. In this context, Canada, with the support of newly joined nations in the group, had voted in the General Assembly in favor of a resolution granting full membership status to Palestine.
Sports News
Third Gold for McIntosh
At the World Swimming Championships held in Singapore, Canada’s Summer McIntosh won the gold medal in the women’s 200-meter butterfly event on Thursday. In the final, she reached the finish line first with a time of 2 minutes, 1.99 seconds. Regan Smith of the United States won silver (2:04.99), and Australia’s Deckers won bronze (2:06.12). This is the third gold medal for McIntosh in this competition. Meanwhile, in other races held on Thursday, Léon Marchand of France in the men’s 200m medley, David Popovici of Romania in the men’s 100m freestyle, and Katharine Berkoff of the United States in the women’s 50m backstroke all won gold.
States’ News
Tamil Nadu State Transgender Policy 2025
The goal of the policy is to create a just, equal, and prosperous society for transgender people, enabling them to live with self-determination of their identity and physique, safely and free from violence. This policy aims to protect the complete social integration, dignity, and rights of transgender men, transgender women, and intersex people in Tamil Nadu. What are the key features?: The policy for transgender persons contains several important features, including legal recognition and protection. Specifically, priority for fundamental rights, legal recognition and protection, the need for identity cards, skill development and employment, equal access to education, healthcare and protection, social justice and inclusion, grievance redressal mechanisms and awareness, and a framework for implementation and monitoring are included as key features in the policy. A high-level committee will be established under the leadership of the Chief Secretary for tasks such as providing advice on creating plans and laws for transgender people, and monitoring and evaluating the impact of these plans. This committee will include all related departments and will meet once every six months to discuss matters. Similarly, it is mentioned in the policy for transgender persons that a district-level monitoring committee led by the District Collector will monitor the schemes for the social, economic, and political development of transgender persons once every three months.
Telangana’s T. Vinod Kumar Sworn in as Madras High Court Judge
T. Vinod Kumar from Telangana was sworn in as a judge of the Madras High Court on Thursday. Chief Justice M.S. Srinivasan administered the oath of office to him. The Supreme Court Collegium had recommended the transfer of the Telangana High Court judge to the Madras High Court. Accepting this recommendation, the President of India ordered his transfer to the Madras High Court. Accordingly, T. Vinod Kumar took office at the Madras High Court on Thursday. At a ceremony held in the conference hall of the Madras High Court complex, Chief Justice M.S. Srinivasan administered the oath of office to Justice T. Vinod Kumar.
Reports and Indices
Pradhan Mantri Matru Vandana Yojana (PMMVY)
The Pradhan Mantri Matru Vandana Yojana (PMMVY) is a centrally sponsored scheme by the Government of India that provides direct cash benefits to pregnant women and lactating mothers. The scheme has been implemented with effect from 1st January 2017 and is being implemented as per provisions under Section 4 of the National Food Security Act (NFSA), 2013. Objectives The primary objectives of PMMVY are to improve the health and nutrition for mother and child as well as provide compensation for wage loss, if any. The scheme aims to:
Improve maternal and child health outcomes Reduce malnutrition among pregnant and lactating women Provide partial compensation for wage loss during pregnancy and early motherhood Encourage institutional deliveries and proper healthcare Promote early registration of pregnancies
Financial Benefits PMMVY is a Centrally Sponsored DBT (Direct Benefit Transfer) scheme with a cash incentive of ₹5,000 (in three instalments) being provided directly in the bank/post office account of Pregnant Women and Lactating Mothers.