Top Current Affairs – July 24, 2025

Introduction

Here’s your curated Top Current Affairs July 24, 2025 roundup — bringing together the most influential developments from India and around the world. Today’s headlines highlight India’s landmark trade deal with the UK, probing moves in finance and corporate governance, evolving economic resilience, emerging climate warnings, and sporting diplomacy. Whether you’re following India current affairs July 24, 2025 or global news, these updates shed light on India’s strategic shifts and international interactions.

National Affairs – Current Affairs July 24, 2025

1. India‑UK Free Trade Agreement Signed
Category: National / Foreign Affairs
Summary: On July 24, PM Modi and UK PM Keir Starmer signed a comprehensive trade pact reducing tariffs across sectors such as textiles, cars and whisky—Britain’s biggest post-Brexit deal.
Key Points:

Cuts tariffs on British vehicles and Indian exports in leather, engineering
Seen as a template for future EU, US agreements

2. Enforcement Directorate Launches Probe into Reliance Group
Category: National / Business / Governance
Summary: ED began searches across 35+ premises tied to Anil Ambani’s group, investigating alleged money laundering across over 50 firms and 25 individuals.
Key Points:

Broad operations, high-profile individuals involved
Significant reputational impact expected

💼 Economy & Business – Current Affairs July 24 2025

3. India Resists EU Oversight Proposal on Capital Flows
Category: International / Economy
Summary: During FTA negotiations, India pushed back on an EU proposal allowing capital flow oversight, citing sovereignty concerns and unequal treatment in trade agreements.
Key Points:

India objects to EU’s crisis-time panel mandate
Seeking parity with other FTAs

4. Indian Shares Fall Amid Weak Tech & Consumer Earnings
Category: Economy / Markets
Summary: Indian stock indices slipped due to disappointing quarterly performance among IT and consumer stocks, reversing earlier gains from financial services.
Key Points:

IT shares underperformed; consumer goods down
Financials also dipped ground after rally

5. Indian Rupee to Rise on Trade Deal Sentiment
Category: Economy / Currency
Summary: The rupee opened higher at ₹86.34–86.36, buoyed by optimism about U.S. trade talks, though front-loaded gains expected to fade.
Key Points:

Supported by progress in bilateral trade deals
Analysts expect move to be short-lived

🧭 Government & Diplomacy

(No separate politics/governance headline beyond those already included.)

🔬 Science & Environment

6. World Bank Warns of $5 Trillion Flood Risk in Indian Cities
Category: Science / Environment
Summary: A joint World Bank–MoHUA study predicts Indian cities face up to $5 trillion in flood-related losses by 2030 if climate adaptation is not prioritized.
Key Points:

Rapid urbanisation heightens vulnerability
Calls for massive climate-proof infrastructure

⚽ Sports & Culture

7. IOA Unites and Targets Doping Ahead of 2036 Olympic Bid
Category: Sports / Governance
Summary: The Indian Olympic Association aligned internally and announced a rigorous anti-doping education campaign to strengthen its Ahmedabad 2036 Olympic bid.
Key Points:

Unity restored after internal rifts
Emphasis on sustainability and athlete focus

🌐 International Affairs – Current Affairs July 24 2025

8. U.S.–India Trade Talks Making ‘Fantastic Progress’
Category: International / Trade
Summary: Commerce Minister Piyush Goyal described U.S.–India trade negotiations as progressing very well, although a complete deal before August 1 remains uncertain.
Key Points:

High confidence despite tariff stalemates
Focusing on sector-specific wins over a comprehensive pact

🏛 Key Themes & Trends

Summing up Top Current Affairs July 24 2025, India deepens strategic economic ties—especially with the UK and US—while asserting financial sovereignty during EU trade talks. Market sentiment remains cautious amid weak earnings and currency pressure. Concurrently, India’s governance agencies launch high-profile probes and climate risks are increasingly highlighted. In sports governance, India aligns its anti-doping stance to support its Olympic aspirations.