School Assembly News Headlines: 5 July 2025

National News

1. PM Modi allows OCI cards for sixth-generation Indian-origin citizens in Trinidad and Tobago; applauds UPI adoption strengthening digital ties.

2. President Murmu unveils Durand Cup 2025 trophies; football tournament scheduled from July 23 to August 23 across six Indian venues.

3. India ranks third in global FinTech funding in H1 2025 despite 26% decline; early-stage investments show 10% growth.

4. India-Trinidad and Tobago trade strengthens under 1997 MFN pact; exports rise, opening wider Caribbean markets for Indian businesses.

State News

1. Haryana to build India’s first Disneyland-style theme park in Manesar, aiming to transform state into major tourism and entertainment hub.

2. Puducherry first to screen TB patients under Family Adoption Program, using medical student outreach to boost public health detection efforts.

International News

1. Nasscom launches US CEO Forum in New York to deepen India-US collaboration in technology, innovation, digital policy, and talent development.

2. China urges India not to politicise Tibet issue after Minister supports Dalai Lama’s authority to choose his spiritual successor.

Sports News

1. Hitesh Gulia and Sakshi reach World Boxing Cup 2025 semi-finals, strengthening India’s medal chances in Astana, Kazakhstan competition.

2. IOC raises concerns over IOA governance and doping issues amid India’s bid to host the 2036 Olympic Games.

Business and Start-ups News

1. SEBI bans Jane Street group from Indian markets for Bank Nifty manipulation, earning ₹4,843 crore through unfair trading practices.

2. Nvidia approaches world’s highest valuation at $3.92 trillion market cap, driven by strong demand for AI-powered chips and technology.

1. PM Modi grants OCI card eligibility to sixth-generation Indian-origin citizens in Trinidad and Tobago; praises UPI adoption success.
PM Modi announced OCI eligibility for sixth-generation Indian-origin citizens. He praised Trinidad and Tobago for adopting UPI, strengthening bilateral digital and diaspora ties with India during his community address.

2. President Murmu unveils Durand Cup 2025 trophies; tournament to be held across six venues from July 23 to August 23.
Durand Cup 2025 will take place in West Bengal, Assam, Manipur, Meghalaya, and Jharkhand. Organised by the Indian Army, it includes top Indian clubs and international teams.

3. India’s FinTech sector ranks third globally in H1 2025 startup funding despite overall decline, shows Tracxn report.
Indian FinTech startups raised $889 million in H1 2025, ranking behind the US and UK. Early-stage funding rose 10%, while overall funding declined by 26%.

4. India-Trinidad and Tobago trade grows steadily under 1997 MFN Agreement, offering gateway to wider Caribbean markets for exporters.
Bilateral trade rose from $264 million in 2020–21 to $341 million in 2024–25. India exports vehicles, pharma, and plastics, while importing fuels, aluminium, and ores.

5. DGCA reprimands Air India Express for delaying engine part replacement, falsifying compliance records on Airbus A320.
Air India Express failed to replace A320 engine parts as mandated by EU aviation regulators. The airline admitted the lapse and has taken corrective and preventive steps.

6. RBI withdraws ₹1,00,010 crore from banking system via 7-day VRRR auction at 5.47% cut-off rate.
The Reserve Bank of India conducted a 7-day VRRR auction, accepting ₹1,00,010 crore out of ₹1,70,880 crore bids. The funds were withdrawn at a 5.47% cut-off rate.

7. PM Modi to make historic bilateral visit to Argentina, first by Indian PM in nearly six decades, on July 4–5.
PM Modi will visit Argentina for bilateral talks with President Javier Milei. He’ll pay tribute to national hero San Martín and discuss strengthening India-Argentina strategic ties during high-level meetings and luncheon.

8. India establishes first Equine Disease-Free Compartment in Meerut, gains WOAH recognition to enable international competition for sport horses.
India’s first Equine Disease-Free Compartment at RVC Centre in Meerut gets WOAH recognition, allowing Indian sport horses to compete globally under international biosecurity and health compliance standards.

1. Nasscom launches US CEO Forum in New York to strengthen India-US tech ties in innovation, policy, and talent development.
Nasscom’s US CEO Forum aims to boost India-US collaboration in AI, cybersecurity, green energy, and frontier tech. It fosters strategic dialogue among Indian tech leaders and US stakeholders.

2. China urges India to avoid interference on Tibet issue after Minister backs Dalai Lama’s authority to choose his spiritual successor.
China warned India against using Tibet to interfere in internal affairs. This follows an Indian Minister’s rare statement supporting Dalai Lama’s sole authority in choosing his successor.

3. Global food prices rise in June, driven by meat, dairy and vegetable oil, says UN FAO in latest food index.
FAO Food Price Index rose 0.5% in June to 128.0 points. Prices are 5.8% higher than last year but 20.1% below the March 2022 peak.

4. India proposes WTO-sanctioned retaliatory tariffs on US goods over safeguard duties on automobiles, notifies Council for Trade in Goods.
India informed the WTO of plans to impose retaliatory duties on selected US products. The move responds to American safeguard tariffs on automobiles, under WTO norms for suspending concessions.

5. German Chancellor Friedrich Merz discusses Ukraine arms deliveries with US President Donald Trump in phone call initiated from Berlin.
German Chancellor Merz spoke with President Trump about military aid to Ukraine. The call, initiated by Merz, was confirmed by his spokesperson and first reported by Spiegel magazine.

1. Hitesh Gulia and Sakshi enter semi-finals at World Boxing Cup 2025, boost India’s medal hopes in Astana, Kazakhstan.
Hitesh defeated Kazakhstan’s Almaz Orozbekov 5-0 in men’s 70kg. Sakshi secured a unanimous win over Brazil’s Tatiana Chagas in women’s 54kg, ensuring India more podium finishes.

2. IOC warns Indian Olympic Association over governance and doping amid India’s 2036 Olympic bid preparations.
While India pitched for hosting the 2036 Olympics, the IOC raised concerns over mismanagement, doping, and poor Olympic performance, urging reforms in the Indian Olympic Association’s structure.

3. Harry Brook scores ninth Test century at Edgbaston, leads England’s recovery with Jamie Smith on Day 3 against India.
Harry Brook hit his ninth Test hundred in 137 balls, avoiding a repeat of his 99-run dismissal at Headingley. He and Jamie Smith led England’s strong comeback against India.

1. SEBI bans Jane Street and affiliates from Indian markets for manipulating Bank Nifty, unlawfully earning ₹4,843 crore.
SEBI barred Jane Street entities for manipulating Bank Nifty index. The firms unlawfully gained ₹4,843.6 crore, violating market norms, as per the July 3, 2025 order.

2. Nvidia nears record as world’s most valuable company with $3.92 trillion market cap, driven by AI chip demand.
Nvidia shares rose to $160.6, pushing market value to $3.92 trillion. It surpassed Apple’s previous record, fuelled by rising investor confidence in AI technologies.

3. Google faces EU antitrust complaint over AI Overviews; publishers seek interim relief citing threat of irreparable business harm.
Independent publishers filed an EU antitrust complaint against Google’s AI Overviews. They claim the AI-generated summaries, now ad-supported, harm their traffic and revenue. Overviews are visible in over 100 countries.

4. Adani Krishnapatnam Port achieves record cargo volume of 5.85 MMT in June 2025, second consecutive monthly milestone.
Adani Krishnapatnam Port handled 5.85 MMT cargo in June 2025, surpassing May’s record. CEO Jagdish Patel credited the milestone to strong teamwork, vendor collaboration, and customer support.