Current Affairs News (4th August, 2025)

India • National Affairs RBI Policy Outlook The Reserve Bank of India is widely expected to maintain the benchmark repo rate at 5.50% during its monetary policy meeting on August 6, 2025. This stance reflects subdued inflation—retail inflation dropped to 2.10% in June, a six-year low—though economists now anticipate a possible rate cut due to weaker growth prospects following recent U.S. tariffs on Indian exports. India‑Philippines Naval Drill & Presidential Visit India and the Philippines launched their first-ever bilateral naval exercise near Scarborough Shoal in the South China Sea on August 2. The drill underscores shared concerns over China’s maritime assertion. Simultaneously, Philippine President Ferdinand Marcos Jr. is visiting India from August 4 to 8, focusing on deepening trade, investment, and defence cooperation, including discussions around integration of the BrahMos missile system. MEA Clarifies Diplomatic Position India’s Ministry of External Affairs officially denied circulating claims about reviewing U.S. tariff exemptions or suspending bilateral agreements with the United States, calling these reports “fake news.” The clarification aims to reinforce that Indo-U.S. economic and diplomatic relations remain steady. Tollywood Strike Causes Disruptions From August 4, film shoots across Hyderabad's Tollywood have come to a standstill due to a union-led strike by the Telugu Film Industry Employees’ Federation, demanding a 30% wage hike. Negotiations are underway to address the disruption. World • International Affairs U.S. Tariffs & Global Market Repercussions President Trump has issued executive orders imposing steep new tariffs (10–41%) on imports from 68 countries, including India (25%) and Taiwan (20%), effective August 7. The announcement triggered a global equity sell-off, pressured the U.S. dollar lower, and revived expectations of a Fed rate cut amid weak July job numbers. Markets brace for further uncertainty with deadlines for U.S.-China trade talks looming and major U.S. economic data—including durable goods, PMI figures, and quarterly earnings from firms like Disney and Uber—due this week. The Bank of England is also expected to lower interest rates. Major Corporate News: Tesla Compensation Tesla awarded CEO Elon Musk 96 million shares, valued at around $29 billion, set to vest over two years if performance targets are met. The announcement, tied to the company’s AI- and robotics-driven strategy, led to a 2.1% uplift in Tesla’s stock. Cricket Drama at The Oval In the Fifth Test between England and India at The Oval, England is within 35 runs of winning the series 3-1. India needs four wickets to salvage a draw. The game has seen injury setbacks for both sides—India's Rishabh Pant is ruled out (fractured foot), and captain Ben Stokes is sidelined—adding to the match’s intensity. What’s Next? India: RBI’s rate decision on August 6; evolution of India–Philippines strategic ties after the President’s visit; resolution of Tollywood strike. Global: Rollout of U.S. tariffs on August 7; economic data releases and trade talks shaping global markets; Bank of England action; upcoming earnings reports. Free Backlinks ap-pro.ru/profile/176768-airporttoairlines yebble.com/profile/airport-toairlines sold.com.au/jonesville/sample-category/airporttoairlines replit.com/@airporttoairlin airporttoairlines.vigilwiki.com/7086544/airporttoairlines evileg.com/en/forum/topic/4385 invitation.app/u/aEfhapGXA/about weareindy.com/community/AirportToAirlines postman.com/airporttoairlines akniga.org/profile/1127697-airport-toairlines travel.stackexchange.com/questions/199905 modelairlinerforum.com/threads/jfk-terminal-1 mumsnet.com/talk/holidays/5146542 github.com/airporttoairlines/AirportToAirlines share.evernote.com/note/137af766... tumblr.com/blog/airporttoairlines