Daily Current Affairs 03rd September 2024, Important News Headlines (Daily GK Update)

National News

President Droupadi Murmu Unveils New Supreme Court Flag and Insignia

In a significant event marking the evolution of India’s judiciary, President Droupadi Murmu unveiled the new flag and insignia of the Supreme Court of India during the two-day National Conference of District Judiciary held in New Delhi. The ceremony, attended by members of the judiciary from across the nation, symbolized the rich cultural and legal heritage of India, encapsulated in the newly designed symbols of the highest court.

Union Cabinet Approves Establishment of Semiconductor Unit in Sanand, Gujarat

In a historic move that underscores India’s commitment to becoming a global hub for semiconductor manufacturing, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the proposal of Kaynes Semicon Pvt Ltd to establish a semiconductor manufacturing unit in Sanand, Gujarat. The meeting, held in New Delhi on 2 September 2024, marks a significant milestone in India’s Semiconductor Mission, which was launched in 2022 to boost the country’s semiconductor capabilities.

States News

Uttar Pradesh to Invest Rs 33,500 Crore in IT and ITeS Hubs

The Uttar Pradesh government is set to make a significant investment of approximately Rs 33,500 crore (around $4 billion) to spur growth in the Information Technology (IT) and IT-enabled Services (ITeS) sectors over the next five years. The plan aims for a tenfold increase in these sectors by developing technology hubs across five major cities: Noida, Lucknow, Kanpur, Varanasi, and Prayagraj (Allahabad).

Appointments News

Philips Appoints Bharath Sesha as New Managing Director for India

Dutch multinational conglomerate Philips has appointed Bharath Sesha as the Managing Director for India, effective September 1. Sesha will lead the company’s growth strategy in India, focusing on enhancing customer satisfaction and driving operational excellence, particularly in the healthcare sector. He succeeds Daniel Mazon, who has transitioned to a global role at Philips’ headquarters in the Netherlands.

Economy News

World Bank Ups India’s Growth Forecast to 7% for FY25

The World Bank has revised its growth forecast for the Indian economy, increasing it to 7% for the fiscal year 2024-25, up from the earlier estimate of 6.6%. This adjustment comes despite a slowdown to 6.7% in the April-June quarter, attributed to reduced government spending during national elections.

Business News

Bisleri Partners with Goa for Improved Waste Management

Bisleri International Pvt. Ltd. has partnered with the Government of Goa to improve waste management in Mormugao, Vasco. This collaboration was solidified during the Green Goa Summit 2024, where a Letter of Intent (LOI) was exchanged between Bisleri and the Goa State Pollution Control Board, with the presence of Chief Minister Dr. Pramod Sawant. The partnership aims to enhance plastic waste management under Bisleri’s CSR initiative, ‘Bottles for Change,’ focusing on sustainable development and environmental stewardship.

RIL Becomes India’s First Company to Surpass Rs 10 Lakh Crore in Annual Revenue

Reliance Industries Limited (RIL) has made history as the first Indian company to exceed ₹10 lakh crore in annual revenue. This milestone was revealed during RIL’s Annual General Meeting (AGM) by Chairman Mukesh Ambani. For the financial year 2023-24, Reliance achieved a record consolidated turnover of ₹10,00,122 crore (USD 119.9 billion), with a net profit of ₹79,020 crore (USD 9.5 billion).

Science and Technology News

Google DeepMind’s Morni AI to Cover 125 Indic Languages

Google DeepMind’s India unit is spearheading an ambitious AI project named Morni (Multimodal Representation for India), aiming to encompass 125 Indic languages and dialects. Speaking at the Global Fintech Fest, Manish Gupta, Director of Google DeepMind India, highlighted that among these languages, 73 had no existing digital corpus. Despite Hindi being spoken by nearly 10% of the global population, its online text representation is just 0.1%.

Sports News

Lord’s to Host the ICC World Test Championship Final in 2025

The prestigious Lord’s Cricket Ground in London is set to make history by hosting the final of the ICC World Test Championship (WTC) from June 11 to June 15, 2025. This event marks the first time that the iconic venue, often referred to as the “Home of Cricket,” will host the climax of cricket’s most revered format.

NorthEast United FC Claims Historic Durand Cup Title

Guwahati-based NorthEast United Football Club etched their names in Indian football history by clinching their maiden Durand Cup title. In a thrilling final that went to a penalty shootout, they defeated the defending champions, Mohun Bagan Super Giant (MBSG), 4-3. The match took place at the iconic Vivekananda Yuba Bharati Krirangan in Kolkata on August 31, 2024.

Sheetal Devi and Rakesh Kumar Secure Bronze in Mixed Team Compound Archery at Paralympics 2024

Indian duo of Sheetal Devi and Rakesh Kumar claimed the bronze medal in the mixed team compound archery competition at the Paralympics 2024 on September 2nd. Their victory was secured with a nail-biting 156-155 win over Italy’s Eleonora Sarti and Matteo Bonacina, marking only the second time that India has won a medal in archery at the Paralympics.

Suhas Yathiraj Secures Silver Medal in Badminton at Paris 2024 Paralympics

Indian para-badminton star Suhas Lalinakere Yathiraj added yet another accolade to his remarkable career by winning the silver medal in the men’s singles SL4 category at the Paris 2024 Paralympics. The match took place at the historic Stade Pierre de Coubertin, where Suhas faced off against world champion Lucas Mazur. Despite a hard-fought battle, Suhas had to settle for silver, but his exceptional performance solidified his position as one of India’s top para-athletes.

Thulasimathi Murugesan and Manisha Ramadass Shine at Paris 2024 Paralympics

In a remarkable display of skill and perseverance, Indian para-badminton players Thulasimathi Murugesan and Manisha Ramadass clinched silver and bronze medals, respectively, in the women’s singles SU5 class at the Paris 2024 Paralympics. Their outstanding performances not only showcased their exceptional talent but also marked a historic moment for Indian badminton.