1) 🇮🇳National India's 8th WTO Trade Policy Review Begins: India's 8th Trade Policy Review (TPR) officially commenced at the World Trade Organization (WTO) Headquarters in Geneva, Switzerland. The delegation presented key economic milestones, including a record total export figure of $863.1 billion achieved during the 2025–26 fiscal year. Assam Flood Relief Scale-Up: State disaster management frameworks intensified emergency relief operations across multiple affected districts in Assam following persistent monsoon downpours and rising water levels across major river basins. Safety Extension for Schools in J&K: The Union Territory administration of Jammu & Kashmir extended school closures through 26 July due to continuous heavy rainfall and adverse weather alerts along key transit corridors. 2) 🌍International Red Sea Shipping Diversions: Maritime security concerns in West Asia prompted several India-bound and China-bound commercial oil tankers to alter their navigation routes away from vulnerable corridors in the Red Sea. EAM Jaishankar Meets Sergey Lavrov: External Affairs Minister Dr S. Jaishankar held bilateral discussions with Russian Foreign Minister Sergey Lavrov in Manila, prioritizing the safety and security of Indian seafarers navigating high-risk maritime zones. President Murmu's State Visit to Moldova: Continuing the first leg of her three-nation European tour, President Droupadi Murmu held high-level talks with Moldovan President Maia Sandu in Chisinau, announcing a doubling of Indian Technical and Economic Cooperation (ITEC) slots for Moldovan professionals in artificial intelligence and cyber diplomacy. 3) 💰Economy SBI Funds Management Prepares for IPO: Asset management major SBI Funds Management initiated formal regulatory groundwork to launch its highly anticipated Initial Public Offering (IPO) in domestic capital markets. Tamil Nadu Leads in Female Industrial Employment: A new economic study revealed that Tamil Nadu continues to lead all Indian states in the share of female workers employed within formal manufacturing and industrial units. DPI Integration with Unified Lending Interface: The Department of Land Resources collaborated with the RBI Innovation Hub to link digital land records directly with the Unified Lending Interface (ULI), accelerating hassle-free Kisan Credit Card (KCC) disbursements for rural farmers. 4) 🗓️Date’s importance National Broadcasting Day (23 July): Celebrated annually across India to commemorate the historic commencement of organized radio broadcasting on 23 July 1927, when the private Indian Broadcasting Company (IBC) aired its inaugural broadcast from the Mumbai station. 5) 👱♂️👩🦳Person of the day Rajesh Agarwal: The Union Commerce Secretary made key international headlines as the head of the official Indian delegation at the WTO in Geneva for India's 8th Trade Policy Review, steering discussions before over 40 participating member nations. 6) 🏅Sports Commonwealth Games Opening Day: The 2026 Commonwealth Games officially kicked off in Glasgow, Scotland, featuring the grand opening ceremony alongside early round events in lawn bowls with Indian contenders in action. GM Pranesh M Outplays World Champion: Young Indian Chess Grandmaster Pranesh M recorded a major triumph in international chess competition by defeating World Chess Champion D. Gukesh. 7) 🏆Awards Airline Strategy Award for Digital Leadership: Air India received the prestigious global 'Airline Strategy Award for Digital Leadership' from aviation platform FlightGlobal in recognition of its comprehensive digital transformation roadmap. 8) ⭐️Other important significance Inaugural MBA Batch at IIM Guwahati: The Indian Institute of Management (IIM) Guwahati officially commenced its flagship Master of Business Administration (MBA) degree course, inducting its historic inaugural batch of 52 students. 📚Word of the day INUNDATION Meaning: (Noun) An overwhelming abundance of water flooding land; an overflow or submergence. Usage in Exams: Severe monsoon rainfall led to widespread inundation across low-lying agricultural districts, disrupting regional transport networks.