{"id":16536,"date":"2025-09-02T17:09:11","date_gmt":"2025-09-02T17:09:11","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=16536"},"modified":"2025-09-02T17:09:11","modified_gmt":"2025-09-02T17:09:11","slug":"daily-current-affairs-and-news-analysis-03-07-2025","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/","title":{"rendered":"Daily Current Affairs and News Analysis 03-07-2025"},"content":{"rendered":"<div class=\"currentaffairs-new-div-78989\" id=\"co-op-bank-merger\">\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/#Co-op_Bank_Merger\" title=\"Co-op Bank Merger\">Co-op Bank Merger<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/#GST8\" title=\"GST@8\">GST@8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/#UN_Women_Gender_Global\" title=\"UN Women: Gender Global\">UN Women: Gender Global<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/#Med_Max_Raid\" title=\"Med Max Raid\">Med Max Raid<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/#Private_R_D_Boost\" title=\"Private R&#038;D Boost\">Private R&#038;D Boost<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/#Sport_Policy_2025\" title=\"Sport Policy 2025\">Sport Policy 2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/#MoneyFlow\" title=\"MoneyFlow\">MoneyFlow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/#India-Ghana_Ties\" title=\"India-Ghana Ties\">India-Ghana Ties<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Co-op_Bank_Merger\"><\/span>Co-op Bank Merger<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Why in News:<\/strong> Saraswat Co-operative Bank (SCB) received RBI&#8217;s in-principle approval to acquire the fraud-hit New India Co-operative Bank (NICB) under the Voluntary Amalgamation Scheme.<\/li>\n<li><strong>RBI&#8217;s Voluntary Amalgamation Scheme:<\/strong>\n<ul>\n<li>A framework for voluntary merger of UCBs to ensure financial stability and protect depositors.<\/li>\n<li>Governed by the Master Direction on Amalgamation of Urban Co-operative Banks, 2020.<\/li>\n<li>Legally backed by the Banking Regulation (Amendment) Act, 2020.<\/li>\n<li>Permits mergers if specific conditions related to financial soundness and depositor protection are met.<\/li>\n<li>Requires board, shareholder, and RBI approvals.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Conditions for Amalgamation:<\/strong>\n<ul>\n<li>Positive Net Worth: Merger possible with full depositor protection.<\/li>\n<li>Negative Net Worth (without government support): Stronger bank can merge while voluntarily protecting depositors.<\/li>\n<li>Negative Net Worth (with government support): Merger with full depositor protection backed by State Government financial support.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Significance of UCBs:<\/strong>\n<ul>\n<li>Promote financial inclusion, serving small borrowers and low-income groups.<\/li>\n<li>Community-centric operations, meeting local credit needs.<\/li>\n<li>Meet Priority Sector Lending (PSL) obligations.<\/li>\n<li>Important in financing urban development and small-scale enterprises.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Challenges Faced by UCBs:<\/strong>\n<ul>\n<li>Weak governance, fraud risks, and political interference.<\/li>\n<li>Financial weakness, high NPAs, and capital inadequacy.<\/li>\n<li>Limited scale and technological obsolescence.<\/li>\n<li>Declining sectoral relevance in lending and total banking assets.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Way Forward:<\/strong>\n<ul>\n<li>Strengthen governance and oversight.<\/li>\n<li>Promote consolidation through voluntary mergers.<\/li>\n<li>Ensure independent and regular audits.<\/li>\n<li>Accelerate technology adoption.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/exam.pscnotes.com\/current-affairs\/wp-content\/uploads\/sites\/307\/2025\/09\/img_1756832946.jpg\" alt=\"Co-op Bank Merger\" \/><\/p>\n<\/div>\n<hr>\n<div class=\"currentaffairs-new-div-78989\" id=\"gst-8\">\n<h3><span class=\"ez-toc-section\" id=\"GST8\"><\/span>GST@8<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>GST&#8217;s 8th Anniversary:<\/strong> Marks a significant milestone in India&#8217;s indirect tax system.<\/li>\n<li><strong>Why in News:<\/strong> Acknowledgment of success in tax integration and digitization, alongside calls for simplification, rate rationalization, and reduced compliance burden.<\/li>\n<li><strong>Key Achievements:<\/strong>\n<ul>\n<li><strong>Record Revenue Growth:<\/strong> FY25 gross collection of \u20b922.08 lakh crore, outperforming nominal GDP, indicating better compliance and formalization.<\/li>\n<li><strong>Digital Transformation:<\/strong> Shift from manual to digital processes (e-invoicing, e-way bills) has reduced errors, fraud, and improved efficiency for MSMEs.<\/li>\n<li><strong>Expanded Taxpayer Base:<\/strong> Over 1.51 crore active GST registrations, a substantial increase from 2017, showing economic formalization.<\/li>\n<li><strong>Ease of Doing Business:<\/strong> Removal of inter-state tax barriers, cascading effects, and streamlined input tax credit (ITC) have lowered business costs.<\/li>\n<li><strong>Efficient Refund Processing:<\/strong> Automated IGST refunds within a week boost exporter liquidity.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Key Challenges:<\/strong>\n<ul>\n<li><strong>Exclusion of Items:<\/strong> Petroleum and alcohol remain outside GST, causing tax cascading and ineligible ITC.<\/li>\n<li><strong>Delayed GST Appellate Tribunal (GSTAT):<\/strong> Non-operational benches in many states lead to appeal backlogs and taxpayer uncertainty.<\/li>\n<li><strong>Complex Rate Structure:<\/strong> Multiple tax slabs cause classification disputes, litigation, and working capital issues.<\/li>\n<li><strong>Procedural and Compliance Hassles:<\/strong> Persistent issues like high-value litigations and frequent rule changes overshadow simplification efforts.<\/li>\n<li><strong>Interpretational Ambiguities:<\/strong> Unclear taxation of intermediary services, intra-company transactions, and employee secondment create compliance grey areas.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Suggested Reforms:<\/strong>\n<ul>\n<li><strong>Phased Approach:<\/strong> Gradual inclusion of petroleum products and alcohol.<\/li>\n<li><strong>Rate Slab Rationalization:<\/strong> Simplification of tax slabs and addressing inverted duty structures.<\/li>\n<li><strong>Strengthening Dispute Resolution:<\/strong> Operationalizing GSTAT nationwide and implementing amnesty schemes.<\/li>\n<li><strong>Digital Integration:<\/strong> Integrating GSTN with other government portals for seamless data sharing.<\/li>\n<li><strong>Expanding Tax Base:<\/strong> Addressing emerging sectors like crypto-assets and digital goods.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<hr>\n<div class=\"currentaffairs-new-div-78989\" id=\"un-women-gender-global\">\n<h3><span class=\"ez-toc-section\" id=\"UN_Women_Gender_Global\"><\/span>UN Women: Gender Global<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p><strong>Why in News:<\/strong> UN Women warned of a global rollback in gender equality, citing rising violence, deepening poverty, and increasing exclusion for women, marking a &#8220;historic and precarious moment&#8221; for women&#8217;s rights globally. This warning comes ahead of significant anniversaries: 30 years of the Beijing Declaration and Platform for Action (BPfA), 25 years of UNSC Resolution 1325 on Women, Peace and Security (WPS), and UN Women&#8217;s own 15th anniversary.<\/p>\n<\/li>\n<li>\n<p><strong>Key Issues Faced by Women:<\/strong><\/p>\n<ul>\n<li><strong>Political Backlash &amp; Lack of Representation:<\/strong> Nearly 1 in 4 countries face backlash against women&#8217;s rights. Women possess only 64% of the legal rights men have, and 51% of countries restrict women from the same jobs. Men hold 75% of lawmaker positions, and only 4% of development aid focused on gender equality (2021-2022).<\/li>\n<li><strong>Disproportionate Impact of Violence:<\/strong> 85,000 women and girls were killed in 2023, with one killed every 10 minutes by a partner. 8 in 10 peace talks (2020-2023) excluded women.<\/li>\n<li><strong>Economic Inequality:<\/strong> Women earn 20% less than men for equal work and perform 2.5 times more unpaid care work.<\/li>\n<li><strong>Food and Education Insecurity:<\/strong> 47.8 million more women than men face food insecurity. 119 million girls are out of school.<\/li>\n<li><strong>Climate Vulnerability:<\/strong> Climate change could drive 158 million more women into extreme poverty by 2050, yet women comprise only 28% of environment ministers.<\/li>\n<li><strong>Poor Health Access:<\/strong> Nearly 800 women die daily from preventable pregnancy-related causes.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>UN Women&#8217;s Proposed Solutions:<\/strong><\/p>\n<ul>\n<li><strong>Strengthen Commitment and Leadership:<\/strong> Advocate for political will, gender-responsive systems, eliminating discriminatory laws, and promoting women&#8217;s leadership.<\/li>\n<li><strong>Gender-Inclusive Peacebuilding:<\/strong> Increase investment in conflict prevention and women&#8217;s participation in peace processes.<\/li>\n<li><strong>Economic Empowerment:<\/strong> Push for equal pay, anti-discrimination laws, and investment in care infrastructure.<\/li>\n<li><strong>Eradicate Poverty and Food Insecurity:<\/strong> Implement social protection measures and policies to close gender gaps in agriculture and wages.<\/li>\n<li><strong>Expand Access to Education &amp; Technology:<\/strong> Reduce education costs, offer incentives, ensure safe learning, and improve digital access and safety.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<hr>\n<div class=\"currentaffairs-new-div-78989\" id=\"med-max-raid\">\n<h3><span class=\"ez-toc-section\" id=\"Med_Max_Raid\"><\/span>Med Max Raid<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Operation MED MAX Success:<\/strong> NCB, with international agencies, dismantled a transnational drug cartel operating across 10+ countries in Asia, North America, Europe, and Oceania.<\/li>\n<li><strong>Union Home Minister&#8217;s Praise:<\/strong> Amit Shah congratulated NCB for busting the cartel, highlighting multi-agency coordination, eight arrests, and seizures.<\/li>\n<li><strong>Sophisticated Modus Operandi:<\/strong> The syndicate used encrypted platforms, crypto payments, drop-shipping, and controlled medicines smuggling.<\/li>\n<li><strong>Initial Breakthrough:<\/strong> A vehicle interception near Bengali Market, Delhi, led to the seizure of tramadol tablets and the identification of B. Pharma graduates involved in selling pills internationally.<\/li>\n<li><strong>Wider Network Uncovered:<\/strong> Interrogation revealed a wider network involving stockists in Roorkee and Mayur Vihar, Delhi, with connections to Udupi, Karnataka, responsible for bulk shipments to the US.<\/li>\n<li><strong>International Crackdowns:<\/strong> Information shared with global counterparts and Interpol led to arrests in the US (by DEA) and the identification of a clandestine pill manufacturing facility in Australia.<\/li>\n<li><strong>Digital Evasion Tactics:<\/strong> The cartel used Telegram for communication, cryptocurrency and PayPal for payments, and anonymous drop shippers to avoid detection.<\/li>\n<li><strong>Kingpin in UAE:<\/strong> The mastermind is located in the UAE, and NCB is collaborating with authorities there for further action.<\/li>\n<li><strong>Business Model:<\/strong> The operation involved a B2B platform for orders, a call centre in Udupi for sales leads, and a supply chain involving commission-based payments to re-shippers.<\/li>\n<\/ul>\n<\/div>\n<hr>\n<div class=\"currentaffairs-new-div-78989\" id=\"private-r-d-boost\">\n<h3><span class=\"ez-toc-section\" id=\"Private_R_D_Boost\"><\/span>Private R&#038;D Boost<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Approval of \u20b91-lakh crore RDI Scheme:<\/strong> Union Cabinet approved the scheme to incentivize private sector R&amp;D, aiming for innovative products and technologies.<\/li>\n<li><strong>Aim for Private Sector Funding:<\/strong> The goal is for the private sector to fund basic research more than the government, mirroring advanced economies.<\/li>\n<li><strong>Two-Tiered Funding Mechanism:<\/strong>\n<ul>\n<li><strong>First Level:<\/strong> A Special Purpose Fund (SPF) within ANRF acts as the custodian.<\/li>\n<li><strong>Second Level:<\/strong> SPF allocates funds to fund managers via concessional loans, equity for startups, and contributions to Deep-Tech Funds of Funds.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Targeted Sectors &amp; Projects:<\/strong> Focus on sunrise and strategic sectors (biotech, robotics, AI, energy, space, etc.) and projects with market potential, including high-risk TRL-4 projects.<\/li>\n<li><strong>Addressing Private Sector R&amp;D Challenges:<\/strong> The scheme aims to overcome issues like low R&amp;D spending, weak industry-academia links, market\/funding gaps (especially the &#8220;valley of death&#8221;), inadequate IP protection, talent shortage, and low risk appetite.<\/li>\n<li><strong>Ministry Oversight:<\/strong> Ministry of Science and Technology is the nodal department, with ANRF&#8217;s Governing Board providing strategic direction.<\/li>\n<li><strong>Interim Budget Announcement:<\/strong> The scheme was first announced in the interim Budget 2024.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/exam.pscnotes.com\/current-affairs\/wp-content\/uploads\/sites\/307\/2025\/09\/img_1756832950.jpg\" alt=\"Private R&#038;D Boost\" \/><\/p>\n<\/div>\n<hr>\n<div class=\"currentaffairs-new-div-78989\" id=\"sport-policy-2025\">\n<h3><span class=\"ez-toc-section\" id=\"Sport_Policy_2025\"><\/span>Sport Policy 2025<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p><strong>Why in News:<\/strong> Union Cabinet approved National Sports Policy (NSP) 2025, replacing the 2001 policy, to make India a global sporting powerhouse and target the 2036 Olympics.<\/p>\n<\/li>\n<li>\n<p><strong>Key Pillars of NSP 2025:<\/strong><\/p>\n<ul>\n<li><strong>Excellence on the Global Stage:<\/strong> Strengthen grassroots to elite sports, early talent identification, competitive leagues, world-class training, improved NSF governance, and sports science integration.<\/li>\n<li><strong>Sports for Economic Development:<\/strong> Promote sports tourism, manufacturing, startups, and attract private investment.<\/li>\n<li><strong>Sports for Social Development:<\/strong> Enhance inclusion for marginalized groups, revive traditional games, and engage the diaspora.<\/li>\n<li><strong>Sports as a People\u2019s Movement:<\/strong> Drive mass participation and a fitness culture through campaigns and improved facility access.<\/li>\n<li><strong>Integration with Education (NEP 2020):<\/strong> Integrate sports into school curricula and train educators.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Strategic Framework:<\/strong><\/p>\n<ul>\n<li><strong>Governance:<\/strong> Establish legal and regulatory frameworks for transparency and accountability.<\/li>\n<li><strong>Private Sector Participation:<\/strong> Mobilize private investment via PPPs and CSR.<\/li>\n<li><strong>Technology and Innovation:<\/strong> Utilize AI and data analytics for performance tracking.<\/li>\n<li><strong>Monitoring and Evaluation:<\/strong> Create a national framework with KPIs and time-bound targets.<\/li>\n<li><strong>Model Policy for States:<\/strong> Guide states in developing their sports policies.<\/li>\n<li><strong>Whole-of-Government Approach:<\/strong> Integrate sports promotion across all ministries.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<hr>\n<div class=\"currentaffairs-new-div-78989\" id=\"moneyflow\">\n<h3><span class=\"ez-toc-section\" id=\"MoneyFlow\"><\/span>MoneyFlow<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p><strong>DengiAll Reaches Milestone in Phase 3 Trials:<\/strong> India&#8217;s first indigenous tetravalent dengue vaccine, DengiAll, has enrolled 50% of its target volunteers in Phase 3 clinical trials, marking a significant step towards combating the disease.<\/p>\n<\/li>\n<li>\n<p><strong>Developed with NIH Collaboration:<\/strong> DengiAll is developed by Panacea Biotec under a licensing agreement with the US National Institutes of Health (NIH), targeting all four dengue virus subtypes. It shares the same virus composition as the NIH-developed vaccine.<\/p>\n<\/li>\n<li>\n<p><strong>Promising Early Results:<\/strong> Phase I and II trials in India demonstrated a balanced and robust immune response across all four dengue serotypes with no major safety concerns reported. NIH&#8217;s evaluation in the US also yielded promising early-stage results.<\/p>\n<\/li>\n<li>\n<p><strong>Addressing a Critical Health Need:<\/strong> Dengue has no specific antiviral treatment, and severe cases can be life-threatening. DengiAll&#8217;s development is crucial given India&#8217;s substantial dengue burden.<\/p>\n<\/li>\n<li>\n<p><strong>Large-Scale Clinical Trial:<\/strong> The Phase 3 trial, coordinated by the Indian Council of Medical Research (ICMR), aims to recruit 10,355 volunteers aged 18-60, with follow-ups extending for two years post-vaccination.<\/p>\n<\/li>\n<li>\n<p><strong>No Specific Treatment for Dengue:<\/strong> Dengue is a mosquito-borne viral disease with symptoms including high fever, severe headache, and joint pain. While diagnosis is via blood test, care is supportive.<\/p>\n<\/li>\n<li>\n<p><strong>India&#8217;s Dengue Burden:<\/strong> India faces a heavy dengue burden, with over 2.3 lakh cases and 297 deaths reported in 2024.<\/p>\n<\/li>\n<li>\n<p><strong>Trial Details:<\/strong> The trial involves 20 sites across India and aims to conclude enrolment by October. Follow-up is expected to be completed by the last quarter of 2027.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<hr>\n<div class=\"currentaffairs-new-div-78989\" id=\"india-ghana-ties\">\n<h3><span class=\"ez-toc-section\" id=\"India-Ghana_Ties\"><\/span>India-Ghana Ties<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p><strong>Elevated Ties to Comprehensive Partnership:<\/strong> India and Ghana upgraded their relationship to a &#8220;Comprehensive Partnership,&#8221; signifying deeper cooperation across various sectors.<\/p>\n<ul>\n<li><strong>Why in News:<\/strong> This was a key outcome of Prime Minister Narendra Modi&#8217;s state visit, the first by an Indian PM in over 30 years, marking a historic milestone.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Strategic Cooperation and Digital Sharing:<\/strong> India offered to share its digital public infrastructure expertise, including UPI, to aid Ghana&#8217;s digital transformation.<\/p>\n<ul>\n<li><strong>Why in News:<\/strong> Demonstrates India&#8217;s commitment to supporting developing nations with its technological advancements.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Target to Double Bilateral Trade:<\/strong> Both nations aim to double their two-way trade within the next five years.<\/p>\n<ul>\n<li><strong>Why in News:<\/strong> Highlights the strong economic partnership, with India being a key trading partner and investor in Ghana.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Defence and Security Cooperation:<\/strong> Agreement to enhance collaboration in areas like armed forces training, maritime security, defense supply, and cybersecurity under the &#8220;security through solidarity&#8221; mantra.<\/p>\n<ul>\n<li><strong>Why in News:<\/strong> Reflects India&#8217;s growing defense engagement in Africa and its role in regional stability.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Support for Global South:<\/strong> Both countries reaffirmed their commitment to the Global South&#8217;s priorities, with India thanking Ghana for its support.<\/p>\n<ul>\n<li><strong>Why in News:<\/strong> Underscores India&#8217;s continued role as a voice for developing nations on the global stage.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Cultural and Traditional Medicine Exchange:<\/strong> MoUs were signed to promote cultural understanding and collaborate in traditional medicine research.<\/p>\n<ul>\n<li><strong>Why in News:<\/strong> Signifies the deepening people-to-people connections and recognition of shared heritage.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>PM Modi Conferred Ghana&#8217;s Highest Civilian Honour:<\/strong> Prime Minister Modi was awarded &#8216;The Officer of the Order of the Star of Ghana.&#8217;<\/p>\n<ul>\n<li><strong>Why in News:<\/strong> A special gesture acknowledging India&#8217;s influential global leadership and the strong personal ties between the leaders.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>Co-op Bank Merger Why in News: Saraswat Co-operative Bank (SCB) received RBI&#8217;s in-principle approval to acquire the fraud-hit New India Co-operative Bank (NICB) under the Voluntary Amalgamation Scheme. RBI&#8217;s Voluntary Amalgamation Scheme: A framework for voluntary merger of UCBs to ensure financial stability and protect depositors. Governed by the Master Direction on Amalgamation of Urban &#8230; <a title=\"Daily Current Affairs and News Analysis 03-07-2025\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/\" aria-label=\"Read more about Daily Current Affairs and News Analysis 03-07-2025\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":16534,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1434],"tags":[1437],"class_list":["post-16536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jul-2025","tag-03-07-25"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Current Affairs and News Analysis 03-07-2025 - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/daily-current-affairs-and-news-analysis-03-07-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Current Affairs and News Analysis 03-07-2025\" \/>\n<meta property=\"og:description\" content=\"Co-op Bank Merger Why in News: Saraswat Co-operative Bank (SCB) received RBI&#8217;s in-principle approval to acquire the fraud-hit New India Co-operative Bank (NICB) under the Voluntary Amalgamation Scheme. RBI&#8217;s Voluntary Amalgamation Scheme: A framework for voluntary merger of UCBs to ensure financial stability and protect depositors. Governed by the Master Direction on Amalgamation of Urban ... 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