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Daily Current Affairs 01 July 2025 – IAS Current Affairs

IAS Current Affairs
Daily Current Affairs 01 July 2025 – IAS Current Affairs

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Daily Current Affairs 01 July 2025 – IAS Current Affairs

Current Affairs 01 July 2025 focuses on the Prelims-Mains perspective. Major events are :

India’s Addition to Flora and Fauna in 2024

Source: The Hindu
GS I: Important Geophysical phenomena such as earthquakes, Tsunami, Volcanic activity, cyclone etc., geographical features and their location- changes in critical geographical features (including waterbodies and ice-caps) and in flora and fauna and the effects of such changes.

GS III: Conservation, environmental pollution and degradation, environmental impact assessment.

Overview

Photo by Chirag Saini on Unsplash
  1. News in Brief
  2. About India’s Addition to Flora and Fauna in 2024
  3. Zoological Survey of India (ZSI)

Why in the News?

India added new species to its Flora and Fauna in the year 2024 for megadiverse country.

News in Brief
  • The details of new discoveries and new records were released by the Union Minister for Environment, Forest and Climate Change recently.
  • In terms of diversity of fauna, the country has recorded 1,05,244 species and subspecies encompassing all forms of faunal life from protists to mammals.
  • Zoological Survey of India (ZSI), the country’s premier institution for faunal exploration and research, publishes Animal Discoveries every year, detailing the new discoveries of fauna.
  • Similarly, the Botanical Survey of India (BSI), the country’s premier organisation for plant research and taxonomy, publishes Plant Discoveries every year detailing the new discoveries of flora.
About India’s Addition to Flora and Fauna in 2024
  • India added 683 new species to its fauna in the year 2024, which included 459 new species and 224 new species records.
  • The country also added 433 taxa of flora during the same period, which included 410 species and 23 infraspecific taxa of plants.

State Status

  • The maximum number of new discoveries of fauna in 2024 was recorded from Kerala with 101 species (80 new species and 21 new records).
  • It is followed by Karnataka 82 (68 new species and 14 new records).
  • Tamil Nadu recorded 63 discoveries with 50 new species and 13 new records.
  • Arunachal Pradesh recorded 72 animal discoveries (42 new species and 30 new records)
  • Meghalaya 42 new discoveries (25 new species and 17 new records).
  • West Bengal 56 new discoveries (25 new species and 31 new records).
  • The Andaman and Nicobar Islands, another biological hotspot in the country, recorded 43 new discoveries of fauna from the region, including 14 new species and 29 new records.

Fauna Status

  • In terms of plant discoveries, the highest number of flora discovered was from Kerala (58).
  • It is followed by Maharashtra (45) and Uttarakhand (40).
  • The new plant discoveries for 2024 record
    • 154 angiosperms
    • 4 pteridophytes
    • 15 bryophytes
    • 63 lichens
    • 156 fungi
    • 32 algae
    • 9 microbes
  • Faunal discoveries for the year 2024 include two new genera and 37 species of reptiles and five new species of amphibians.
  • The hotspot regions, such as the Western Ghats and the North-Eastern regions, have contributed 35% of total discoveries. 
  • India has recorded and documented 56,177 species of plants — angiosperms, gymnosperms, pteridophytes, bryophytes, lichens, fungi, and algae, etc.

Overall Recorded Status

  • In terms of diversity of fauna, the country has recorded 1,05,244 species and subspecies encompassing all forms of faunal life from protists to mammals.
  • India, recognised as one of the 17 megadiverse countries worldwide, occupies a vital position in the ecological framework of our planet.
  • Despite covering only 2.4% of the Earth’s land area, the nation is home to approximately 8% of the world’s recorded biodiversity.

Megadiverse countries are those that contain the highest levels of biodiversity on Earth, including a large number of endemic species.

Zoological Survey of India (ZSI)

National Indicator Framework Progress Report 2025

Source: PIB
GS II: Government policies and interventions for development in various sectors and issues arising out of their design and implementation

Overview

Source: PIB
  1. News in Brief
  2. About National Indicator Framework Progress Report, 2025 – Sustainable Development Goals
  3. Highlights from the SDG NIF progress report 2025

Why in the News?

The Ministry of Statistics and Programme Implementation released the following publications on Sustainable Development Goals – National Indicator Framework Progress Report, 2025

News in Brief
About National Indicator Framework Progress Report, 2025 – Sustainable Development Goals
  • The report presents the time series data on the SDG national indicators, received from the data source Ministries, which will be instrumental in monitoring the national-level progress of the 17 SDGs.
  • SDG Progress Reports, released by MoSPI, serve as valuable tools for policymakers, planners, and other stakeholders.

About the report

  • SDGs NIF serves as the backbone for monitoring SDGs at the national level.
  • The report offers valuable guidance to policymakers and the implementing agencies of various schemes and programs.
  • The major data sources for these SDG national indicators are administrative data, surveys and censuses.
  • Primarily, secondary data from concerned line Ministries is used for the compilation of the indicators.

The report consists of four main sections

  • Overview and Executive Summary: The ‘Overview’ covers the background of SDG-NIF along with the role and steps taken by MoSPI for facilitating the monitoring of SDGs at the national level. ‘Executive Summary’ includes a goal-wise summary highlighting/ progress made during the period under reference.
  • Data Snapshot: presenting the data summary of the SDG national indicators.
  • Metadata: contains information on each indicator describing goal, target, level & type of disaggregation, mapping with global indicator, unit of measurement, link/source(s) of data availability, etc.
  • Data Tables: presenting time series data on the indicators, wherever available.

Data Snapshot on Sustainable Development Goals – National Indicator Framework, Progress Report, 2025

  • It is a derived report, in handbook form, from the Sustainable Development Goals – National Indicator Framework Progress Report, 2025.
  • It provides national-level time series data for the SDG indicators.

Sustainable Development Goals – National Indicator Framework, 2025

  • It is also a derived report, in handbook form, from the Sustainable Development Goals – National Indicator Framework Progress Report, 2025.
  • Report encompassing all the national SDG indicators along with their data source and periodicity.
  • The report consists of 284 national SDG indicators.
Highlights from the SDG NIF progress report 2025
  • Social Protection
    • The population covered by social protection systems/floors has increased from 22% in 2016 to 64.3% in 2025.
  • Agriculture
    • Gross Value Added in agriculture per worker (in Rs.) has increased from 61,247 in 2015-16 to 94,110 in 2024-25.
  • Drinking Water
    • The percentage of the population using an improved drinking water source in rural areas has increased from 94.57% in 2015-16 to 99.62% in 2024-25.
  • Renewable energy’s
    • Total installed electricity generation has increased from 16.02 in 2015-16 to 22.13 in 2024-25.
    • Installed renewable energy generating capacity in the country has increased from 64.04 watts per capita in 2014-15 to 156.31 watts per capita 2024-25.
  • Waste Recycling
    • The number of waste recycling plants installed has increased from 829 in 2019-20 to 3036 in 2024- 25.
    • The percentage of waste processed has increased from 17.97% in 2015-16 to 80.7% in 2024-25
  • Start Up
    • The number of start-ups recognised under Start-up India has increased from 453 in 2016 to 34,293 in 2024.
  • Gini coefficient of household expenditure
    • Decreased from 0.283 in 2011-12 to 0.237 in 2023-24 in rural areas.
    • Also, for urban areas, it has decreased from 0.363 in 2011-12 to 0.284 in 2023-24.
  • Emission Target
    • The reduction in emissions intensity of GDP in 2020 over the 2005 level is 36%.
  • Digital Connectivity
    • The total number of internet subscriptions (in millions) has increased from 302.36 in 2015 to 954.40 in 2024.
  • Forest Cover
    • The percentage of total geographical area has increased from 21.34% in 2015 to 21.76% in 2023.

Financial Stability Report 2025

Source: PIB
GS III: Indian Economy

Overview

Photo by Jakub Żerdzicki on Unsplash
  1. News in Brief
  2. HighlightsFinancial Stability Report 2025
  3. Financial Stability and Development Council (FSDC)

Why in the News?

Reserve Bank of India (RBI), in its Financial Stability Report (FSR), July 2025, highlights that India continues to be a major global growth driver,

News in Brief
  • Reserve Bank released the June 2025 issue of the Financial Stability Report (FSR).
  • A report that reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on the resilience of the Indian financial system and risks to financial stability.
HighlightsFinancial Stability Report 2025
  • Elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system.
  • Financial markets remain volatile, especially core government bond markets, driven by shifting policy and geopolitical environment. Alongside, existing vulnerabilities such as soaring public debt levels and elevated asset valuations have the potential to amplify fresh shocks.
  • Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth, underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies.
  • The domestic financial system is exhibiting resilience fortified by healthy balance sheets of banks and non-banks. Financial conditions have eased supported by accommodative monetary policy and low volatility in financial markets. The strength of the corporate balance sheets also lends support to overall macroeconomic stability.
  • The soundness and resilience of scheduled commercial banks (SCBs) are bolstered by robust capital buffers, multi-decadal low non-performing loans ratio and strong earnings.
  • Results of macro stress tests affirm that most SCBs have adequate capital buffers relative to the regulatory minimum even under adverse stress scenarios. Stress tests also validate the resilience of mutual funds and clearing corporations.
  • Non-banking financial companies (NBFCs) remain healthy with sizable capital buffers, robust earnings and improving asset quality.
  • The consolidated solvency ratio of the insurance sector also remains above the minimum threshold limit.
Financial Stability and Development Council (FSDC)
  • Formed in 2010
  • It is a non-statutory apex body by the Government of India.
  • Chairperson: The Union Finance Minister
  • Members: 
    • Heads of key financial regulators: RBI, SEBI, IRDAI, PFRDA, and FMC (now merged with SEBI)
    • Finance Secretary and other senior officials
    • Expanded in 2018 to include additional members for broader coordination
  • Functions:
    • Promote and maintain financial stability
    • Encourage the development of the financial sector
    • Facilitate inter-regulatory coordination
    • Address issues related to financial literacy, financial inclusion, and macroprudential supervision

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