School Assembly News Headlines, 1 August 2025: National, International, Business and Sports Updates

As students across the country gather for their morning assemblies on 1 August 2025, here is a detailed look at some of the key updates making headlines today across India and the world. From national developments to global diplomacy, business movements, and exciting sports victories, today’s news brings a mix of important updates that students and teachers alike should be aware of.

National News

• Prime Minister Narendra Modi will release the 20th installment of over Rs 20,000 crore under the PM-Kisan scheme on 2 August, benefiting millions of farmers across India.
• A sudden cloudburst in Shimla’s Rampur area has caused damage, washing away bridges and isolating several villages.
• A London-bound Air India flight aborted takeoff at Delhi airport following a technical issue. Passengers were safe, and an investigation is ongoing.
• A crowd surge occurred on Bengaluru’s Church Street after German influencer Younes Zarou’s visit, following a similar incident earlier with Ed Sheeran. Police intervened to manage the situation.
• The Defence Research and Development Organisation (DRDO) has completed a successful two-day test of the ‘Pralay’ missile, validating its full range and accuracy with assistance from the Indian Armed Forces.
• Union Home Minister Amit Shah confirmed that three Lashkar-e-Taiba terrorists were killed during Operation Mahadev and criticised the opposition for not acknowledging the achievement.
• RBI’s Digital Payments Index has risen sharply to 493.22 as of March 2025, showing the continued rise of UPI and digital transactions in the country.
• PM Modi praised Operation Sindoor for swiftly avenging the recent Pahalgam terror attack within 22 minutes, calling it a precise and timely strike.

International News

• The United States and China are currently in their second day of trade talks in Sweden, trying to resolve the tariff issues affecting both countries’ economies.
• The European Union has proposed limiting Israel’s participation in the Horizon Europe programme due to the ongoing Gaza conflict. Member states are yet to vote on the decision.
• The United States has said that more discussions are needed with India regarding a pending trade deal, just ahead of the 1 August tariff deadline, citing India’s market protection measures.
• North Korea has declared that it will not engage in any denuclearisation talks, maintaining that its nuclear status is non-negotiable despite improved ties with the US.

Business News

• Microsoft is nearing a $4 trillion market capitalisation after beating market expectations in its recent earnings report.
• Infosys CEO Salil Parekh has said that the company will continue with its hiring plans even as TCS, one of its competitors, reduces its workforce.
• Trump’s proposed tariffs may lead to a 0.25 percentage point cut in India’s GDP growth forecast and reduce Nifty earnings by 2–3%, according to LGT’s Stefan Hofer.
• Economists suggest that the maximum impact of the Trump tariffs on India’s GDP may be around 0.3 percentage points.
• Schneider Electric has acquired the remaining stake held by Temasek in its Indian joint venture for €5.5 billion, gaining full ownership of the business.

Sports News

• Teenage swimming star Summer McIntosh defeated Olympic champion Katie Ledecky to win the gold medal in the 400m freestyle at the World Aquatics Championships in Singapore.
• Nick Kurtz has become the first rookie in Major League Baseball to hit four home runs in a single game during the Athletics’ 15-3 victory over the Houston Astros.
• Oscar Piastri claimed victory at the rain-delayed Belgian Grand Prix and has now extended his lead in the Formula One drivers’ standings.