India Faces US Tariffs, Boosts Science & Economy, Implements New UPI Rules

August 01, 2025

India has been at the forefront of significant developments over the past 24 hours, marked by the imposition of new tariffs by the US, major advancements in science and technology, and crucial policy approvals aimed at economic growth and digital payment enhancements. The US announced a 25% tariff on Indian goods, prompting a strong response from India asserting its economic resilience. Meanwhile, India successfully launched the NISAR satellite in collaboration with NASA, and Karnataka unveiled ambitious plans for a quantum economy. The Union Cabinet approved key initiatives for railway infrastructure and food processing, while new UPI regulations came into effect to streamline digital transactions.

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India Faces US Tariffs, Boosts Science & Economy, Implements New UPI Rules

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1. What percentage of tariffs did US President Donald Trump announce on Indian goods?

2. When are the new tariffs imposed by the US on Indian goods set to become effective?

3. Economists project a potential reduction of how many basis points in India's GDP growth if the US tariffs persist throughout the fiscal year?

4. The NASA-ISRO Synthetic Aperture Radar (NISAR) satellite was successfully launched on July 31, 2025, from which location?

5. What is the primary purpose of the collaborative NASA-ISRO Synthetic Aperture Radar (NISAR) satellite mission?

6. How many chip-design projects have been sanctioned under the Design Linked Incentive (DLI) Scheme to bolster India's semiconductor capabilities?

7. Which Indian state launched its Quantum Mission at the Quantum India Bengaluru 2025 summit?

8. What is the new total allocation for the Pradhan Mantri Kisan Sampada Yojana (PMKSY) after the recent increase?

9. From which date did new rules for the Unified Payments Interface (UPI) come into effect?

10. How does the World Bank currently classify India, despite its economic progress and decline in poverty rate?

11. Who was recently appointed as Director in the Department of Personnel & Training?

12. The Supreme Court of India recently recalled its May 2 verdict concerning the liquidation of which company?

13. Who is the Commerce Minister of India mentioned in the context of the US tariffs on Indian goods?

14. What is Karnataka's ambitious target for its quantum economy by 2035?

India Faces US Tariffs, Boosts Science & Economy, Implements New UPI Rules

Your Score: 0 / 0

1. What percentage of tariffs did US President Donald Trump announce on Indian goods?

2. When are the new tariffs imposed by the US on Indian goods set to become effective?

3. Economists project a potential reduction of how many basis points in India's GDP growth if the US tariffs persist throughout the fiscal year?

4. The NASA-ISRO Synthetic Aperture Radar (NISAR) satellite was successfully launched on July 31, 2025, from which location?

5. What is the primary purpose of the collaborative NASA-ISRO Synthetic Aperture Radar (NISAR) satellite mission?

6. How many chip-design projects have been sanctioned under the Design Linked Incentive (DLI) Scheme to bolster India's semiconductor capabilities?

7. Which Indian state launched its Quantum Mission at the Quantum India Bengaluru 2025 summit?

8. What is the new total allocation for the Pradhan Mantri Kisan Sampada Yojana (PMKSY) after the recent increase?

9. From which date did new rules for the Unified Payments Interface (UPI) come into effect?

10. How does the World Bank currently classify India, despite its economic progress and decline in poverty rate?

11. Who was recently appointed as Director in the Department of Personnel & Training?

12. The Supreme Court of India recently recalled its May 2 verdict concerning the liquidation of which company?

13. Who is the Commerce Minister of India mentioned in the context of the US tariffs on Indian goods?

14. What is Karnataka's ambitious target for its quantum economy by 2035?

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