School Assembly News Headlines: 7 August 2025

National News

1. RBI holds repo rate at 5.5%, maintains neutral stance ahead of festive season to ensure economic and credit stability.

2. Lok Sabha passes Shipping Bill to expand vessel ownership, marine accident probes; opposition protests Bihar voter list, House adjourned early.

3. New US tariffs on Indian goods affect $8.1 billion exports; minimal 0.19% impact expected on GDP, says PHDCCI report.

4. PM Modi meets Uttarakhand MPs, reviews Uttarkashi disaster relief, assures complete central assistance for rescue, rehabilitation, and coordinated support.

International News

1. Karol Nawrocki sworn in as Poland’s president; nationalist backing may strain ties with centrist government and challenge pro-EU policies.

2. Bangladesh to hold elections by February 2026; interim government begins transition process after Sheikh Hasina’s exit, pledging peaceful power handover.

Sports News 

1. UPKL welcomes Kanpur Warriors for Season 2, expanding kabaddi’s reach in North India and promoting youth talent in traditional strongholds.

2. Siraj jumps to 15th in ICC Test rankings after stellar nine-wicket performance against England, helping India secure series draw.

Business News

1. Air India to internalise maintenance tasks with Singapore Airlines’ backing, reducing reliance on AI Engineering Services for routine aircraft repairs.

2. Novo Nordisk to slash costs, refocus strategy after $95 billion market loss and new CEO appointment, aiming to regain stability.

1. PM Modi to Visit China for SCO Summit, First Since Galwan; Talks Likely on Security, Trade, and Bilateral Stability.
Prime Minister Modi will visit China for the SCO Summit from August 31 to September 1. Key discussions include regional security, terrorism, trade, and efforts to improve India-China relations.

2. RBI Keeps Repo Rate Unchanged at 5.5% Ahead of Festive Season, Maintains Neutral Stance to Support Credit Stability
The RBI’s Monetary Policy Committee kept the repo rate at 5.5%. This decision comes before the festive season. Other key rates also remain unchanged to support economic stability.

3. Lok Sabha Passes Shipping Bill to Expand Vessel Ownership Rules and Investigate Marine Accidents Amid Protests on Bihar Voter List
Parliament approved a bill allowing more people to own merchant ships and handle sea accident cases. Opposition protested over Bihar voter list issue, leading to noise and early adjournment of session.

4. US Tariffs on Indian Goods May Hit $8.1 Billion Exports but Expected to Have Minimal Impact on India’s GDP.
PHDCCI reports US tariffs, effective August 7, will impact India’s exports slightly. Key affected sectors include engineering, electronics, pharma, jewellery, and garments. Overall GDP impact estimated at just 0.19%.

5. PM Modi Meets Uttarakhand MPs, Reviews Relief Efforts for Uttarkashi Disaster, Assures Full Central Support for Rescue Operations.
PM Modi met Uttarakhand MPs over the Uttarkashi disaster. He expressed deep grief and confirmed ongoing review of rescue efforts. Central and state agencies are working together with full support and coordination.

6. BharatGen AI to Support All 22 Indian Languages by 2026, Aims to Build Sovereign AI Aligned with Indian Contexts.
BharatGen, India’s national AI project, now supports 9 languages and will cover all 22 by June 2026. It focuses on text, speech, and vision systems for Indian societal needs.

1. Maharashtra Approves 105-km Express Freight Corridor to Link Vadhavan Port with Samruddhi Expressway, Travel Time to Reduce Sharply.
Maharashtra cabinet approved a high-speed freight corridor to boost cargo movement. It will connect Vadhavan Port to Samruddhi Expressway, reduce travel time, and be completed in three years at ₹2,529 crore.

2. Haryana to Roll Out Bus Tracking System by August 15, App Will Show Live Timings for All State Buses.
Haryana will launch a tracking system for all buses by August 15. Passengers can check live bus timings through an app. All Roadways equipment and spare parts will be digitally recorded.

3. EC Orders Suspension, FIR Against Four West Bengal Officers for Leaking Voter Data and Neglecting Election Duties.
The Election Commission asked West Bengal to suspend four officers from Baruipur Purba and Moyna for sharing sensitive election data and neglecting duties. FIRs will be lodged for serious violations.

4. Uttarkashi Cloudburst: Search Operations Continue to Locate Over 100 People, Including Army Personnel, in Challenging Mountain Terrain.
Following the Uttarkashi cloudburst, dedicated rescue teams are working continuously. Over 100 people, including army personnel, are being traced. Authorities are focused on timely support and safe recovery in remote areas.

1. Karol Nawrocki Becomes Poland’s President, Backed by Nationalist Party, Signals Shift in Policies and Tensions with Centrist Government.
Karol Nawrocki took oath as Poland’s new president. Backed by the Law and Justice Party, his leadership may challenge the current government’s pro-EU stance and impact ties with neighbouring Ukraine.

2. Bangladesh to Hold National Elections by February 2026, Interim Government Prepares to Hand Over Power to Elected Leadership.
Interim leader Muhammad Yunus announced national elections before Ramazan 2026. The process begins to transfer power peacefully after one year of interim governance following former PM Sheikh Hasina’s departure.

3. Gaza Water Crisis Deepens as Families Struggle Daily for Clean Water Amid Ongoing Conflict and Rising Health Concerns.
Amid growing hunger in Gaza, clean water remains scarce. Many rely on polluted wells or limited aid supplies, raising health risks like diarrhoea and hepatitis, aid groups and health monitors report.

4. New US Bill Offers Faster Green Card Path for Applicants Waiting Over 10 Years, Proposes $20,000 Fee Option.
The Dignity Act of 2025 aims to reduce green card backlogs by 2035. It proposes an optional fast-track process for applicants stuck over a decade, through a $20,000 payment option.

5. UN Expresses Deep Concern Over Possible Israeli Military Expansion in Gaza, Warns of Impact on Hostages and Civilian Safety.
The UN warned that a wider military operation in Gaza could worsen the crisis. China called for a ceasefire. Reports suggest Israel may consider a full military strategy shift in Gaza.

1. UPKL Adds Kanpur Warriors for Second Season, Aims to Grow Kabaddi in New Regions with Strong Sporting Culture.
UPKL announced Kanpur Warriors as its new team, owned by BA Sports Club. The move supports kabaddi’s growth in Kanpur, a city known for youth participation and traditional kabaddi roots.

2. Mohammed Siraj Climbs to 15th in ICC Test Rankings After Nine-Wicket Haul in Final England Test.
India’s Mohammed Siraj rose to 15th in the ICC Test rankings. He took nine wickets in the final Test at The Oval, helping India win and level the series 2-2.

3. Harry Brook Says Joe Root Should’ve Been Named Player of the Series, Despite Being Picked by India Coach.
Harry Brook disagreed with Gautam Gambhir’s choice, saying Joe Root had a stronger performance in the Test series. The award selection came from each team’s coach after the 2-2 series draw.

4. Naomi Osaka Reaches First Canadian Open Semi-Final, Defeats Svitolina in Straight Sets for First WTA 1000 Semi Since 2022.
Naomi Osaka beat Elina Svitolina 6-2, 6-2 to enter the Canadian Open semi-finals. It’s her first WTA 1000 semi since 2022, showing strong form and composure throughout the match.

5. ESPN to Acquire NFL Media Assets in Landmark Deal; NFL to Receive 10% Stake in Sports Network.
Disney’s ESPN will acquire NFL Network and related media assets. In return, the NFL gets a 10% equity stake in ESPN. The deal supports ESPN’s upcoming streaming platform, pending approvals.

1. Air India Plans In-House Aircraft Maintenance with Support from Singapore Airlines, Reducing Dependence on State-Owned Engineering Services.
Air India plans to handle inspections and minor repairs internally with Singapore Airlines’ help. These tasks are currently managed by state-run AI Engineering Services Ltd., marking a shift in operations.

2. Novo Nordisk to Cut Costs and Realign Business Focus Following CEO Change and $95 Billion Stock Value Drop.
After a profit warning and leadership transition, Novo Nordisk will streamline costs and sharpen its strategy. The move follows a sharp decline in stock value last week, affecting investor confidence.

3. RBI Keeps FY26 GDP Forecast at 6.5%, Says Global Challenges Like US Tariffs Already Accounted For.
The RBI retained India’s growth outlook at 6.5% for FY26. Governor Sanjay Malhotra stated that recent global issues, including new US tariffs, were already considered in earlier projections.

4. OpenAI Releases Two Open-Weight AI Models with Low Hardware Requirements to Promote Broader Access and Innovation.
OpenAI launched two open-source reasoning models—gpt-oss-120b and gpt-oss-20b. They run on standard devices and aim to support wider AI access amid global interest in open-source technology.

5. Retail Investors Can Use SIPs to Buy Treasury Bills via RBI’s Retail Direct Platform, Says Governor Malhotra.
RBI has expanded its Retail Direct scheme, enabling individuals to invest in Treasury Bills through SIPs. These short-term government securities offer capital gains, as they are issued at a discount.

1. Heavy Rainfall Continues in Himachal Pradesh; Yellow Alert Issued, Over 600 Roads and Several Highways Closed Due to Landslides.
Himachal Pradesh is experiencing continuous heavy rain. Kasauli recorded 145 mm rainfall. Landslides have closed 613 roads and four highways. Authorities issued a Yellow Alert and advised people to stay cautious.

2. Rain Weakens in South Kerala, But Red Alert Issued for Northern Districts Kannur and Kasargode Amid Heavy Rain Forecast.
Rain intensity has reduced in Southern Kerala but is likely to increase in the north. Red alert is issued for Kannur and Kasargode, while three districts remain under orange alert.