28th July 2025 Daily Current Affairs

📰 National Affairs (India)

• Operation Sindoor & parliamentary rift: In Parliament’s Monsoon Session, the Opposition is fiercely criticizing government intelligence failures linked to the recent Pahalgam terrorist attack. They’re also criticizing comments tied to former U.S. President Trump. The government, meanwhile, plans a vigorous patriotic rebuttal highlighting national security achievements

• Defense Minister on conflict with Pakistan: Rajnath Singh denied India ended military operations under U.S. pressure. He asserted operations ceased only after all pre-set political and military goals were achieved during the May conflict following the April 22 tourist massacre

• Pahalgam encounter operation: On July 28, India’s PARA SF commandos neutralized three terrorists near Srinagar, using intel from a monitored Huawei satellite phone used by a terror suspect since late April

• Green Steel Procurement Policy: India is working on mandating that 25% of public procurements of steel come from low-emission “green steel” sources—a strategic move to curb emissions from the steel sector

• Telangana Cabinet session: The state government is set to decide on a 42% BC quota in local bodies, overdue panchayat polls, and key reports related to caste survey data, Sigachi industries blast, gig worker welfare schemes, and monsoon agriculture plans.

🌍 International Developments

• Cambodia–Thailand ceasefire: An unconditional ceasefire took effect at midnight on 28 July, ending major cross-border clashes that had displaced over 270,000 people

• New York Gaza Peace Conference: The UN‑sponsored conference (28–29 July) aims to advance a two‑State solution, negotiate Hamas disarmament and hostages release, and potentially prompt recognition of Palestine by several Western countries

• Thailand–Cambodia border truce: Leaders have agreed to halt fighting after several days of deadly clashes, prompting humanitarian relief talks ahead of the ceasefire $$

💼 Economy & Business

• U.S.–EU trade deal sparks market optimism: Futures for Nasdaq (+0.4%) and S&P 500 (+0.2%) rose modestly as the U.S.–EU pact, which includes a 15% tariff on EU goods and massive investment commitments, energized markets. Oil prices climbed, Bitcoin slipped under $119K, and Treasury yields ticked up

• Tesla–Samsung chip alliance: A $16.5 billion AI chip production partnership in Texas (for the AI6 chip) boosted Tesla’s stock by nearly 2%

• Alibaba introduces AI smart glasses: Alibaba unveiled its Quark smart glasses with translation, transcription, and music features, prompting a 1.5% rise in its share price

• Nike shares surge: A JPMorgan upgrade raised stock nearly 4%, citing improved global orders and revised earnings outlook under CEO Elliott Hill I

• Indian markets focused on Fed and tariffs: Indian rupee and bond markets remain cautious ahead of the U.S. Fed meeting and the Aug‑1 tariff deadline. The rupee recently slipped to ₹86.5150/USD. RBI’s upcoming policy decision on Aug 6 and major economic updates—like industrial output and PMI—are in focus

🎓 Current Affairs Highlights for Exams

• UPSC and exam-targeted analysis:

  • Legacy of the Chola dynasty: commemorative coins, statues announced by PM during Rajendra Chola I’s birth anniversary

  • Glacial Lake Outburst Floods (GLOFs) and disaster management issues.

  • Key topics: Haridwar stampede, Sohrai art, India’s first private heavy water upgradation testing facility, Android Earthquake Alert System, Foot and Mouth Disease, Exercise Bold Kurukshetra 2025, Kalu River mapping

• Modi’s visit to Maldives: Intended to reset India-Maldives ties amid past tensions; tied to 60 years of bilateral ties

• Other select themes: Discovery of altermagnets (new magnetic materials), humanitarian crisis in Nigeria, showcase of Sohrai art at Kala Utsav 2025

🧪 Science & Technology

• Real-time molecular imaging breakthrough: Caltech researchers developed a technique to observe molecular motion live—a major advance in imaging tech

🧩 Miscellaneous

• World Nature Conservation Day: Observed on July 28 with the theme “Connecting People and Plants, Exploring Digital Innovation in Wildlife Conservation”

• Notable news: Disappearance of long-time caretaker and reported murder in a Delhi farmhouse; arrestee confessed to killing after being denied ₹10,000 loan

🧭 Summary at a Glance