03rd May Daily Current Affairs 2024: Daily GK Update for all exams

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Here 03 May, 2024 Headlining events such as: BWF World Junior Badminton Championships, ICICI Bank, Adani Green Energy, Micron’s Venture in India, World Press Freedom Day 2024, T20 World Cup 2024 to become familiar with etc. Daily GK updates is given After reading about these events, you can current affairs quiz can also practice

Banking Awareness and Static Awareness questions asked in General Awareness section are mainly based on current affairs. So you need to prepare this section well to score good marks.General Awareness section plays an important role in scoring more than the cut off marks in any competitive exam.

Top 18 Daily GK Updates: National & International News

Below are given top 18 important Daily General Knowledge 2023 updates with national and international news.

economy

RBI announces 8% interest on floating rate bonds 2034

The Government of India has introduced a Floating Rate Bond (FRB) maturing in 2034, Reserve Bank of India (RBI) has announced 8% interest rate for the Floating Rate Savings Bond (FRSB) 2034. This bond offers a variable interest rate that resets every six months, reflecting market conditions.

The interest rate for FRBs is determined by the average of recent auction yields for short-term government debt such as Treasury bills. This rate is adjusted every six months. For the period April 30, 2024 to October 29, 2024, the interest rate is 8%.

international

NPCI signs agreement with Bank of Namibia to develop payment system like UPI

NPCI International Payments Limited (NIPL) to launch real-time payment system similar to India's Unified Payment Interface (UPI) in Namibia Bank of Namibia (BoN) Has shaken hands with. This partnership marks NPCI's first collaboration with a central bank to deploy the UPI stack in an international market, with the aim of revolutionizing digital payments in Namibia.

this agreement Namibia's financial ecology Mechanism Focused on leveraging India's UPI expertise to increase reach, affordability and connectivity within India. By providing BON access to cutting-edge technology and insights from NIPL, the initiative aims to build a strong platform for digital transactions, driving financial inclusion and modernization in Namibia.

Jeremiah Manele elected new Prime Minister of Solomon Islands

solomon islands MPs of former foreign minister Jeremiah Manele Has been elected as the new Prime Minister of the country. Manele's election as prime minister is a sign that the Pacific nation will continue to move away from the West and closer to China.

Jeremiah Manele received 31 votes in a secret ballot involving 49 MPs, defeating opposition leader Matthew Vale, who received 18 votes. Manele used his first speech as leader to promise to govern with integrity and prioritize the interests of the nation.

Business

Micron India's Sanand unit to launch first batch of domestic semiconductor chips in 2025

Sanand Unit of Micron India It is set to launch its inaugural batch of domestically manufactured semiconductor chips in 2025 with a focus on global exports. Managing Director Anand Ramamurthy highlighted the growing global demand, strategic partnerships and diverse applications spanning different sectors, particularly emphasizing the lack of agility and talent in niche domains such as cyber security.

Ramamurthy laid major emphasis on exports from the Sanand unit, which is aligned with the substantial global demand for semiconductors. Acknowledging growing domestic demand, he stressed that India's market size for semiconductor chips remains modest compared to international demand.

Former BharatPe COO Dhruv Bahl launches Eternal Capital VC fund

In the dynamic landscape of Indian startups, former BharatPe COO Dhruv Dhanraj Bahl has entered the world of venture capital with the launch of his first fund, Eternal Capital, with a substantial corpus of Rs 240 crore, including a greenshoe option.

Bahl emphasizes a thesis-based investment approach, targeting companies poised to shape the future by solving real-world challenges. Leveraging his operational experience, Bahl aims to identify and support startups with mature metrics and practical solutions.

Adani Green Energy gets $400 million fund from 5 international banks

Adani Group company Adani Green Energy Limited (AGEL) has Its 750 MW solar projects in Rajasthan and Gujarat successfully from a consortium of five major international banks 400 million usd Has received funds of Rs. The financing will support the construction of these projects, with the project expected to become operational from November 2024.

The financing, placed under AGEL subsidiaries, underlines the company's commitment to sustainability and aligns with the Green Loan Principles, 2023. Sustainable Fitch provided a favorable second-party opinion on the robustness and transparency of the green loan framework of AGEN's 750 MW solar projects, emphasizing its contribution to India's transition towards a low-carbon future.

Second fastest improvement in manufacturing sector growth in April in three and a half years

India's manufacturing sector continued its strong performance in the first quarter of the new financial year, maintaining its momentum from last year's stellar performance. In April, HSBC India Manufacturing Purchasing Managers' Index (PMI) revealed an upbeat picture, with manufacturing activity recording its second-strongest expansion since the start of 2021.

Manufacturers in India experienced strong demand for their products both domestically and internationally. Total new orders increased significantly, the second-strongest expansion since the beginning of 2021. This growth was fueled by healthy demand trends and effective marketing strategies.

banking

ICICI Bank included in the top 5 companies of India, whose market cap crossed Rs 8 trillion.

ICICI Bank Under a remarkable achievement 8 trillion rupees Crossing Rs. 1,000 crore, it has registered its name among the top five companies of the country in terms of market capitalisation. Shares of the private lender rose more than 5%, pushing its market value to new heights and cementing its position as a financial powerhouse.

Following the footsteps of HDFC Bank, ICICI Bank becomes first Indian bank to cross Rs 8 trillion market capitalization milestone second bank has been made. This achievement underlines the Bank's strong financial performance, strong growth prospects and investor confidence.

RBI imposed monetary penalty on cooperative banks

Reserve Bank of India (RBI) has recently received several fines for various regulatory violations. Monetary penalty on co-operative banks have put. These fines are based on deficiencies in regulatory compliance and are not intended to validate or invalidate any specific transaction or agreement entered into by banks with their customers.

A penalty of Rs 43.30 lakh has been imposed on this bank for non-compliance with RBI directions regarding loans and advances to directors and their relatives, restrictions on opening of certain types of savings bank accounts and maintenance of deposit accounts.

game

India to host BWF World Junior Championships in Guwahati next year

India will host the World Junior Badminton Championships at the National Center of Excellence in Guwahati next year. BWF, the global governing body of the sport, gave this information. This will be the first time since 2008 that this prestigious competition of the Badminton World Federation (BWF) will be organized in India.

Both the team and individual events will be held at the Badminton Association of India (BAI) National Center of Excellence in the north-eastern region of the country, BWF said in a release. India last hosted this competition in Pune.

West Indies cricketer banned for 5 years for match fixing

West Indies batsman Devon Thomas banned for five years by ICC for match fixing. The Dubai-based ICC said Thomas had admitted 'seven counts of breaching the anti-corruption codes of Sri Lanka Cricket, the Emirates Cricket Board and the Caribbean Premier League'. These violations relate to attempting to fix the outcome of games and obstructing investigations through concealing, tampering or destroying evidence.

The ban will be effective from last year. The ban on Devon Thomas will be effective from May 23 last year when he was temporarily suspended. The final 18 months of the ban will be suspended. ICC General Manager Alex Marshall said the ban was appropriate and should send a strong message to players and corrupt people that attempts to corrupt our game will be dealt with harshly.

Amul will sponsor America and South Africa in T20 World Cup

Indian milk products manufacturer Amul will sponsor the US and South Africa teams during the T20 World Cup in June. The cricket boards of both the teams made this announcement.

America will make its debut as co-host in the tournament starting June 1. Many matches in the tournament including semi-finals and final will be held in West Indies.

important day

World Press Freedom Day 2024: 3 May

World Press Freedom Day every year 3 may Is celebrated. Throughout the world this day is dedicated to remembering the contributions of the media. This day tells us about the importance of media freedom and inspires us to raise our voice for the safety of journalists.

This year, World Press Freedom Day is on Friday, and the theme for 2024 is “A Press for the Planet: Journalism in the Face of the Environmental Crisis” Is. The theme highlights the important role of journalism and freedom of expression in addressing the global environmental crisis and driving meaningful action on environmental issues.

death

BJP MP and former Union Minister V. Srinivas Prasad passes away at the age of 76

Bharatiya Janata Party (BJP) MP and former Union Minister V. Srinivas Prasad With the demise of the Indian political scene has lost an experienced leader. Prasad, who had an illustrious career spanning five decades, breathed his last in Bengaluru, Karnataka at the age of 76.

Born on 6 August 1947 in Ashokapuram, Mysore, Prasad started his political journey in 1974 when he contested the assembly elections as an independent candidate. Before finding his home in BJP, he was associated with various political parties including Janata Party, Congress, Janata Dal (Secular), Janata Dal (United) and Samata Party.

Appointment

Pratima Singh appointed Director in DPIIT

The Department of Personnel and Training (DoPT) has announced the appointment of Indian Revenue Service (IRS) officer Pratima Singh as Director in the Department for Promotion of Industry and Internal Trade (DPIIT).

2009 batch IRS officer Pratima Singh has been selected for the prestigious role under the Central Staffing Scheme. His appointment as Director in DPIIT is for a period of five years from the date of assumption of charge or until further orders, whichever comes first.

Important Current Affairs of 03 May 2024

Current Affairs play a very important role in preparing for competitive exams. Current affairs one line is being presented in a new form. Get all International, National, Sports, Economy, Latest Schemes & Appointments Current Affairs updates with Adda247 headlines. Adda247 headlines of the day brings you the best collection of daily updates. Stay connected with us!

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03rd May | Current Affairs 2024 | Current Affairs Today | Current Affairs by Ashish Gautam

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