1. National News (India‑focused)
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US‑India trade deal on horizon [Important]
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President Trump and Treasury Secretary Bessent suggest an agreement may prevent US from raising “reciprocal tariffs” on Indian exports, set to escalate from 10% to 27% post 9 July
- Indian FM S. Jaishankar acknowledges complexity and highlights need for give‑and‑take
- Exam relevance: Constitutional context in India–US trade pacts, WTO norms, and Parliament’s power under Article 246.
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- Reserve Bank Innovation Hub CEO appointment
- Sahil Kini named CEO of RBI Innovation Hub
- Focus area: fintech, digital payments, regulatory sandbox.
- Policy angle: Alignment with RBI’s mandate under Reserve Bank of India Act, 1934.
2. International Affairs
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US–India trade negotiations
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Reciprocal trade talks in Washington ahead of tariff deadline on 9 July.
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Context: A potential deal could benefit Indian exporters, reduce trade friction.
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Quad Meeting in Washington (30 Jun–2 Jul)
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FM S. Jaishankar attended, alongside US, Japan, Australia.
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Agenda: Indo‑Pacific security, maritime domain, supply‑chain resilience
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Exam link: India’s Act East policy, strategic autonomy, legal frameworks like UNCLOS.
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Colombia & Uzbekistan join New Development Bank
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Membership expanded BRICS‑led NDB
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Shows rising influence of alternative multilateral institutions.
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3. Government Schemes / Policies
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RBI Innovation Hub
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Creation: Promotes fintech innovation. Constitutional basis: RBI Act empowers RBI to regulate financial technology.
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Monsoon‑linked agri‑support policies
- IMD forecasts July rainfall >106% of LPA
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Government provisions under PMFBY, MGNREGS: crop insurance, wage support during sowing.
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4. Economic Updates
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Trade deal implications
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A US‑India tariff deal may maintain reciprocal tariffs at 10% instead of 27%, benefitting exporters.
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Monsoon gains
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Above‑normal rains support agricultural GDP (~17–18% of GDP), rural demand and Kharif crop sowing.
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5. Science & Technology
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RBI Innovation Hub: Champions fintech research, digital payments—key for digital economy push.
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Fintech sandbox initiatives: Enables experimentation in payment systems and blockchain.
6. Environment & Ecology
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Monsoon forecast
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IMD projects excess rainfall; positive for crop sowing, groundwater, and rural economy
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Prelims data: IMD defines “Above‑normal” as ≥106% of LPA.
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7. Sports
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India’s T20 women’s bowling milestone
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Radha Yadav becomes second Indian woman with 100 T20‑I wickets
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Her performance highlights progress in women’s cricket.
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8. Important Dates / Observances
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9 July:
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Today in History:
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1868: US 14th Amendment ratified (citizenship & equal protection) 1762: Catherine the Great crowns in Russia .
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1911: South Sudan independence from Sudan .
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9. Miscellaneous (Awards, Books, People in News)
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New RBI Innovation Hub CEO: Sahil Kini (see Govt Schemes).
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NDB membership: Colombia & Uzbekistan expansion.
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Trade talks: Role of FM Jaishankar, US-sec Rubio (Quad meeting context).
10. Today in History
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1868: Ratification of 14th Amendment – key in constitutional law, due process, equal protection 1762: Catherine the Great assumes Russian throne after coup
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1911: South Sudan becomes youngest sovereign state
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1850: Death of US President Zachary Taylor, succession by VP Fillmore
Prelims Fact
The 14th Amendment (1868) guaranteed birth‑right citizenship and legal equality under US law—fundamental concept in constitutional jurisprudence and civil rights.
[Important] Summary of Key Constitutional/Legal Points
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Trade deal: Negotiated under WTO rules and subject to India’s RDC, requires Parliament ratification if involving tariff changes.
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14th Amendment: Emblematic of constitutional guarantee of equality—a precedent for Indian judiciary’s rights jurisprudence.
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IMD data & policy: Informs government agricultural schemes (PMFBY, MGNREGS) based on scientific forecasting.
Aamir Ahmad Fateh is a seasoned digital marketer and experienced news writer with over 7 years of expertise in covering political affairs, social issues, technology, sports, and Bollywood. He is the founder and chief editor of 24fnews.com, where he is dedicated to delivering accurate, unbiased, and timely news to a wide audience every day. His sharp insights and journalistic integrity make him a trusted voice in the digital news space.
