1) 🇮🇳National

• First PinS Instrument Approach Procedure for Helicopters: The Directorate General of Civil Aviation (DGCA) approved the nation’s first Point-in-Space (PinS) instrument approach procedure for helicopter operations at Undavalli Heliport. Developed by the Airports Authority of India (AAI), it leverages satellite-based GAGAN navigation to allow safe operations during adverse weather.
• Digi Rover Land Survey Campaign Launched: Uttar Pradesh Chief Minister Yogi Adityanath launched a tech-driven land survey drive from Saharanpur using Global Navigation Satellite System (GNSS) technology to resolve nearly 80,000 pending land demarcation cases and secure farmer property rights.
• Assam's Borjuli Site Notified for Conservation: The National Biodiversity Authority notified the Borjuli site in Sonitpur, Assam, to protect the unique wild rice genetic resource Oryza rufipogon, heavily funded by the National Rainfed Area Authority.
• Employees' Provident Fund Scheme 2026 Notified: The Central Government officially replaced the 1952 framework under the Code on Social Security 2020. Key updates include a mandatory 12% contribution rate and a 25% minimum balance retention during partial withdrawals.

2) 🌍International

• India-Japan Defence Co-development Pact: During the 16th India-Japan Annual Summit in New Delhi, Prime Minister Narendra Modi and Japan’s newly elected first female Prime Minister, Sanae Takaichi, signed a historic, first-ever defence co-development agreement.
• India-Japan Biogas Initiative: The two nations launched the "Japan-India Cooperative Biogas for Growth (CBG) Initiative" under the Govardhan Pahal framework to boost rural infrastructure and green energy.
• Indian Navy in Seychelles: Indian Naval Ships INS Tarkash and INS Ikshak joined the National Day celebrations of Seychelles at Port Victoria, aligning with India's maritime MAHASAGAR vision.

3) 💰Economy

• Small Savings Scheme Rates Kept Unchanged: The Ministry of Finance announced that the interest rates on all Small Savings Schemes will remain unchanged for the second quarter (Q2) of the Financial Year 2026-27 (July 1 to September 30, 2026).
• Japanese Investment Commitment: Japan pledged a massive five trillion yen (approximately ₹5 lakh crore) investment target into India over the next five years, focusing on manufacturing, semiconductors, supply chain resilience, and AI large language models (LLMs).
• NSE Ruled a Public Authority: The Delhi High Court ruled that the National Stock Exchange (NSE) comes under the ambit of a public authority under the Right to Information (RTI) Act.

4) 🗓️Date’s importance

• National Doctors' Day (Observed July 1st/Current Week Review): Commemorating the birth and death anniversary of Bharat Ratna awardee Dr Bidhan Chandra Roy, a legendary physician and former Chief Minister of West Bengal. The 2026 theme is “Behind the Mask: Who Heals the Healers?”
• Van Mahotsav Week (July 1–7): Celebrated across the nation to expand green cover. The Uttar Pradesh Forest Department launched the 'Aam Bahaar, Aapke Dwar' campaign to distribute mango saplings directly to citizens' doorsteps.

5) 👱‍♂️👩‍🦳Person of the day

• Prasoon Joshi: The Ministry of Information and Broadcasting (MIB) appointed Prasar Bharati Chairman Prasoon Joshi to head a new high-level study group tasked with examining challenges in Indian cinema and making Indian films globally competitive.
• Air Marshal Ashutosh Dixit: Took charge as the 51st Vice Chief of the Indian Air Force (IAF).

6) 🏅Sports

• Ishan Kishan Becomes World No. 1: Indian cricketer Ishan Kishan climbed to the top of the ICC Men's T20 International batting rankings, replacing his compatriot Abhishek Sharma.
• 135th Durand Cup Dates Announced: The prestigious and oldest football tournament in Asia, the Durand Cup, is scheduled to commence on July 25, 2026, in Kolkata.

7) 🏆Awards

• PM Modi Honoured by Seychelles: Prime Minister Narendra Modi was bestowed with Seychelles' highest civilian distinction, the "Guardian of the Blue Horizon", recognising his efforts towards maritime security and sustainable development in the Indian Ocean Region.

8) ⭐️Other important significance

• Discovery of Gitchak Nakana: Researchers discovered a new species of fish named Gitchak nakana in Northeast India. It is identified as the region’s first completely blind, groundwater-dwelling fish species.
• Yamuna Water Project Pact: Resolving a 30-year-old water dispute, the states of Rajasthan and Haryana signed a formal agreement to execute the pipeline infrastructure that will supply 580 million cubic metres of Yamuna water to dry regions like Sikar, Churu, and Jhunjhunu.

📚Word of the day

• Trenchant (Adjective)
  • Meaning: Vigorous or incisive in expression or style; sharp, clear-cut, and penetrating.
  • Usage in Current Affairs: The strategic analyst gave a trenchant critique of the shifting geopolitical alliances in the Indo-Pacific region.