Top Current Affairs – July 23, 2025

Introduction

Welcome to today’s Top Current Affairs July 23 2025 digest—a snapshot of stories shaping India and the world. From trade breakthroughs and economic resilience to aviation scrutiny and global climate accountability, this curated list brings clarity and insight into the day’s key developments.

National Affairs – Current Affairs July 23 2025

1. India’s Economy Holding Up Despite Global Uncertainties
Category: Economy
Summary: The RBI’s July bulletin reported resilient economic performance, citing strong services growth, summer crop recovery, and inflation at a six‑year low of 2.10%. Monetary easing, including a 50 bps rate cut and lower CRR, bolstered stability.
Key Points:

Retail inflation at 2.10% in June
Services sector strong; industrial growth moderate

2. India to Resume Issuing Tourist Visas to Chinese Citizens from July 24
Category: Foreign Affairs
Summary: After a five-year freeze, India will start granting tourist visas to Chinese nationals again, signaling gradual normalization in bilateral ties.
Key Points:

Effective July 24
First such policy change since suspension

3. Indian E‑Commerce Firms Face Rising Regulatory Scrutiny
Category: Economy / Business
Summary: Global e‑commerce giants, including Amazon and Walmart’s Myntra, are under investigation for alleged violations of Indian foreign investment norms.
Key Points:

Myntra accused of wholesale-to-consumer breach
Scrutiny extends across multiple platforms

🌐 International Affairs – Current Affairs July 23 2025

4. EU & China Plan Joint Climate Statement at Beijing Summit
Category: International / Climate
Summary: The EU and China are preparing a joint declaration reaffirming climate commitments, ahead of the UN COP30, despite broader trade and geopolitical tensions.
Key Points:

No new targets, but symbolic pledge
Contrasts U.S. under Trump’s climate rollback

5. U.S. Stocks Up as Trade Talks with Japan & EU Gain Momentum
Category: International / Markets
Summary: Global markets rose following progress on U.S.–Japan and U.S.–EU trade discussions, easing investor fears amid ongoing tariff pressures.
Key Points:

Indian equities followed index rally
Expectations of new trade corridors

🏛 Politics & Governance – Current Affairs July 23 2025

(No prominent India-specific governance items surfaced for this date.)

💼 Economy & Business – Current Affairs July 23 2025

6. Foreign Outflows Weigh on Rupee Performance
Category: Economy / Markets
Summary: India’s currency faced downward pressure as foreign investors sold $382M in equities and $41.7M in bonds on July 23 alone, contributing to broader Asian currency weakness.
Key Points:

Rupee trading near ₹86.48–86.50/USD
Over $500M pulled from equities in July so far

7. Schneider Electric to Acquire Full Stake in India Unit for $6.4 Billion
Category: Business / M&A
Summary: Schneider Electric agreed to buy Temasek’s 35% stake in Schneider Electric India, consolidating control to accelerate decision-making in India.
Key Points:

Deal valued at €5.5B (~$6.4B)
India is core to global expansion strategy

🔬 Science & Technology / Environment – Current Affairs July 23 2025

8. World Court to Issue Advisory on Climate Change Responsibility
Category: Science & Environment
Summary: On July 23, the International Court of Justice will release a landmark nonbinding opinion on nations’ legal duties to tackle climate change, potentially influencing future climate litigation.
Key Points:

Addresses liability of high-emitting countries
Expected to set precedent in environmental law

⚽ Sports & Culture – Current Affairs July 23 2025

9. India Women’s Cricket Team Completes Historic Win in England
Category: Sports
Summary: India’s women concluded their England tour by winning both T20I (3–2) and ODI (2–1) series—their first series victory in England across white-ball formats.
Key Points:

Smriti Mandhana: 221 T20I runs
Kranti Goud: 9 wickets in series

🎯 Summary

The Current Affairs July 23 2025 roundup shows India’s economic resilience amid global uncertainties, regulatory tightening around e‑commerce firms, and renewed diplomatic outreach toward China. On the global stage, climate accountability, market optimism from trade prospects, and legal frameworks loom large as defining narratives today.