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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102207) | |
1461. UPI records all-time high in July with 1,947 cr transactions worth ₹25.1 lakh cr
- On August 2, 2025, Unified Payments Interface recorded an all time high of 1,947 crore transactions in July 2025. This marks the highest number of monthly digital transactions since the system's launch, reflecting the growing preference for seamless digital payments across India.
- The total value of UPI transactions in July stood at ₹25.1 lakh crore, setting a new record. This massive volume highlights UPI’s dominance as a trusted and widely used payment system for individuals, merchants and institutions alike.
- The consistent growth in both volume and value of UPI transactions underscores India’s accelerating digital economy. Government support, widespread smartphone use and increasing merchant adoption have played a key role in UPI’s expansion across rural and urban areas.
1462. India launches projects under India-UN Global Capacity Building Initiative to aid Global South
- On August 2, 2025, India launched the first four projects under the “India-UN Global Capacity Building Initiative” to help Global South nations achieve Sustainable Development Goals. The projects inaugurated by MEA Secretary (West) and are part of India’s broader development partnership efforts.
- In the first phase, the programme will help Nepal with rice fortification and supply chain management, supported by the World Food Programme, and also work on developing digital health platforms.
- India, under the ITEC framework, will begin training programmes from September 2025 in partnership with UN agencies. These include digital health platforms in Zambia and Laos with UNDP, census training in five Caribbean nations with UNFPA and vocational training in South Sudan with UNESCO.
1463. India builds road in Bhutan for strategic access near China border
- On August 2, 2025, India’s Border Roads Organisation, under Project Dantak has completed an all weather highway in Bhutan’s Haa Valley, just 21 km from the strategic Doklam border. Built at a cost of ₹254 crore, the Confluence Haa road enhances connectivity.
- India’s strategic interests by improving mobility for Bhutanese and Indian defense forces. BRO Director General and Indian Army Chief reviewed the infrastructure, underscoring close coordination between India and Bhutan.
- The road aligns with India’s broader strategy of countering China's infrastructure buildup near Doklam. The project strengthens India’s ability to monitor and respond to security developments in the Chumbi Valley and preserve stability across the narrow Siliguri Corridor.
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1464. KSERC Approves 125 MW/500 MWh Battery Storage Project At Mylatti In Kerala
- On August 2, 2025, Kerala’s power regulator approved a 125 MW/500 MWh battery energy storage project at Mylatti, backed by ₹135 crore Viability Gap Funding under the Ministry of Power’s state scheme.
- Awarded to JSW Neo Energy through SECI, the project allows four hours of daily discharge, 85% efficiency and ₹4.41 lakh/MW monthly tariff, ensuring grid reliability and renewable integration.
- The system will store surplus solar power for use during peak demand, helping reduce Kerala’s power import costs and improving energy security in Kasaragod.
1465. India’s textiles exports crossed $37.75 billion in 2024-25: Minister
- On 01 August 2025, the Parliament was informed that India’s textiles & apparel exports rose by 5% to $37.75 billion in FY 2024–25, up from $35.87 billion in FY 2023–24.
- The government is implementing several schemes to enhance investment, employment, and exports in the textile sector, as stated by Minister of State for Textiles Pabitra Margherita.
- Seven PM MITRA Parks have been approved across Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Telangana, and Uttar Pradesh; infrastructure works worth ₹1,197.33 crore have begun, with ₹291.61 crore already spent. Under the Samarth scheme, 4,57,724 beneficiaries have been trained till 24 July 2025. Additional support includes financial aid for raw materials, upgraded looms, solar units, marketing, concessional loans, and social security for handloom workers.
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1466. Centre builds 16,207 km NH, okays Rs 69,342 cr for NE railway projects
- On August 1, 2025, the Centre announced it has built 16,207 km of National Highways and approved ₹69,342 crore for 12 railway projects covering 777 km in the North East Region (NER). Of this, 278 km has already been commissioned.
- The projects are being implemented by the Ministry of Railways and Ministry of Development of North Eastern Region (DoNER), with works also under PM GatiShakti, Pradhan Mantri Gram Sadak Yojana, and BharatNet. Connectivity upgrades include 90 air routes under UDAN, 3297 mobile towers, and 6355 Gram Panchayats made broadband-ready.
- These investments aim to boost infrastructure, connectivity, and economic growth in the North East, improve road, rail, air, and digital connectivity, support youth and women livelihoods, promote tourism, and fill critical development gaps.
1467. India’s manufacturing PMI rises to 16-month high in July despite global uncertainties
- On 01 August 2025, S&P Global reported that India’s manufacturing PMI rose to a 16-month high of 59.1 in July, up from 58.4 in June, driven by strong new orders and output despite global uncertainties and US tariffs.
- The rise was fuelled by robust domestic and global demand. However, business confidence dipped to a 3-year low due to concerns over competition and inflation. Private sector also saw a surge, with composite PMI climbing to 60.7, and international orders increasing.
- Employment rose, especially in the services sector. IMF revised India’s GDP growth forecast upward to 6.4% for both FY26 and FY27, citing improved external conditions. Business sentiment and hiring showed moderation despite strong sector performance.
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1468. Isro begins 10-day analogue mission in Ladakh to simulate life in space
- On August 1, 2025, ISRO initiated a 10 day analogue mission in Hanle, Ladakh, simulating space like conditions to study how humans would adapt and operate during long duration stays on the Moon or Mars.
- The Indian Institute of Astrophysics (IIA) is collaborating in the mission, which includes two astronaut like test subjects. The project aims to develop protocols for crew health, behavior, and scientific experiments under isolated and extreme conditions.
- The mission is a significant step in preparing for India’s future human spaceflight programs like Gaganyaan and interplanetary missions. It will help test life-support systems, communication protocols, and survival techniques in a controlled but challenging Earth environment.
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1469. Construction of India’s first indigenous hovercraft for Coast Guard begins at Goa Shipyard
- On July 30, 2025, The Indian Coast Guard (ICG) has commenced construction of its first indigenously built Air Cushion Vehicle (ACV) at the Chowgule & Company Pvt. Ltd. shipyard in Goa. This is the first of six Air Cushion Vehicles (ACVs) approved under a contract signed with the Ministry of Defence on October 24, 2024.
- Based on Griffon Hoverwork designs, the hovercraft is being built with Indian expertise for coastal security operations. It will offer high speed, shallow-water operability, and tactical flexibility for patrolling, interdiction, and search & rescue.
- The project is part of the Aatmanirbhar Bharat initiative to boost indigenous defence manufacturing. The indigenous hovercraft will strengthen the Coast Guard’s capability to protect India’s maritime borders, reduce reliance on imports, and support the government’s push for self-reliance in defence production.
1470. India's services exports rise 12% in June 2025, imports 5%: RBI
- On 01 August 2025, RBI reported India’s international trade in services for June 2025 showed strong momentum: exports rose by 12.0% (USD 32.11 billion), and imports by 5.0% (USD 15.90 billion) year-on-year, reflecting continued strength in IT, business, and financial services.
- Growth in services exports followed a positive trend from April and May 2025. On the other hand, credit growth across key sectors slowed in June, with non-food credit expanding 10.2% YoY, compared to 13.8% in June 2024 mainly due to weaker growth in agriculture, industry, and personal loans.
- Credit to agriculture grew just 6.8% vs 17.4% last year; industry at 5.5% vs 7.7%; services at 9.6% vs 15.1%. MSME credit remained steady; segments like engineering, construction, and software showed healthy gains. Personal loans rose 14.7%, down from 16.6% in June 2024.
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