MAY 31 CURRENT AFFAIR FOR ALL EXAMS

     ‘MAY 31 CURRENT AFFAIRS’

Exam Rewards presents you with daily current affairs updates that are invaluable for all your exam preparations. Today’s highlights include:

·       India's Manufacturing Sector continues to show robust growth, as indicated by the latest HSBC India Manufacturing Purchasing Managers' Index (PMI) report, which recorded the second highest expansion rate since early 2021. This surge reflects heightened demand and increased production output, underscoring positive trends in the manufacturing domain and contributing significantly to economic advancement.

·       Micron Technology has unveiled plans to commence semiconductor chip production at its Sanand facility in Gujarat by 2025, primarily targeting export markets. This strategic move aligns with India's aspirations to fortify its global position in the semiconductor industry, thereby bolstering the nation's prowess in electronics manufacturing.

·       Adani Green Energy has secured a substantial $400 million financing package from international financial institutions to facilitate the development of 750 MW solar power projects in Rajasthan and Gujarat. Set to be operational by November 2024, these projects are poised to play a pivotal role in supporting India's renewable energy objectives while advancing Adani's footprint in the green energy sector.

·       Dhruv Bahl, former COO of BharatPe, has launched Eternal Capital, a venture capital fund with an initial corpus of Rs 240 crore. Geared towards investing in early-stage startups across diverse sectors, this initiative aims to foster innovation and entrepreneurship, further enriching India's startup ecosystem.

·       Pratima Singh has assumed the role of Director at the Department of Promotion of Industry and Internal Trade (DPIIT). Tasked with spearheading policy formulation and implementation to bolster industrial growth and trade promotion, her appointment underscores the government's commitment to fostering a conducive business environment.

·       Amul, a renowned dairy brand in India, has secured the principal sponsorship rights for the USA and South Africa cricket teams in the upcoming T20 World Cup 2024. This strategic alliance underscores Amul's strategic endeavors to amplify its global presence and brand visibility through high-profile international sporting events.

·       West Indies cricketer Devon Thomas has incurred a five-year ban from the International Cricket Council (ICC) due to violations of anti-corruption codes related to cricket betting. This disciplinary action underscores the ICC's unwavering commitment to upholding the integrity of the sport.

·       India is set to host the 2025 BWF World Junior Badminton Championships in Guwahati, providing a platform for emerging badminton talents worldwide. This prestigious event not only fosters the development of the sport but also showcases India's capabilities as a host for international sporting extravaganzas.

·       ICICI Bank has ascended to the ranks of India's top five companies by market capitalization, surpassing a valuation of over Rs 8 trillion. This significant milestone underscores the bank's robust financial performance and underscores investor confidence in its prospects.

·       World Press Freedom Day 2024 was commemorated on May 3 under the theme "A Press for the Planet: Journalism in the Face of the Environmental Crisis." This event served as a poignant reminder of the pivotal role journalism plays in addressing environmental challenges and advocating for sustainable practices.

·       The passing of V. Srinivas Prasad, a stalwart politician and former Union Minister, marks the end of an era. Recognized for his immense contributions to social welfare and nation-building, his legacy will continue to inspire generations to come.

·       India and Japan have reaffirmed their commitment to bolstering anti-terrorism cooperation during their 6th Joint Working Group meeting. Emphasizing information sharing, capacity building, and training initiatives, this collaborative effort underscores the shared resolve to combat the scourge of terrorism.

·       In a bid to foster advanced defense technology research, a Centre of Excellence has been established at IIT Kanpur in collaboration with the Defense Research and Development Organisation (DRDO). This initiative seeks to foster interdisciplinary research and innovation in defense technologies, thereby bolstering India's defense capabilities.

·       Former US President Donald Trump's felony conviction on 34 counts of falsifying business records related to pre-election hush money payments marks a historic legal outcome, underscoring the principle of accountability irrespective of one's stature.

·       Tashigang, nestled in the Spiti Valley at an altitude of 15,256 feet, has been hailed as a model polling station, boasting a remarkable 100% voter turnout during the 2019 Lok Sabha elections. This commendable feat underscores the spirit of democracy and civic engagement thriving even in the most challenging terrains. 

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