Daily Current Affairs 25th May 2024, Important News Headlines (Daily GK Update)

National News

Doordarshan’s DD Kisan Embraces AI Revolution with ‘Krish and Bhoomi’

As the Doordarshan channel DD Kisan marks its 9th anniversary on 26 May 2024, it is set to embark on a remarkable journey by introducing Krish and Bhoomi, the first AI anchors in India’s government broadcasting history. This groundbreaking move underscores the channel’s commitment to leveraging cutting-edge technology to better serve the nation’s agricultural community.

Mission ISHAN: Streamlining India’s Airspace for Enhanced Efficiency

India is embarking on Mission ISHAN, aimed at consolidating its fragmented airspace management into a single, unified system headquartered in Nagpur. This move promises to revolutionize air traffic management, benefitting both airlines and passengers.

States News

Karnataka Mandates 33% Reservation for Women in Govt Contract Jobs

The Karnataka government has mandated a 33% reservation for women in outsourced government jobs. This aligns with existing quotas for permanent positions and applies to jobs lasting more than 45 days and involving over 20 employees.

Banking News

RBI Data Shows Significant Decline in Net FDI to $10.5 Billion in FY24

Net foreign direct investment (FDI) into India experienced a notable decrease of 62.17% in the fiscal year 2023-24 (FY24), plummeting to $10.58 billion from the previous year’s $27.98 billion. This decline is attributed primarily to increased repatriation of capital and Indian companies’ investments abroad.

Business News

L&T Technology Services Launches Simulation Centre of Excellence for Airbus in Bengaluru

L&T Technology Services Ltd (LTTS) announced the inauguration of a Simulation Centre of Excellence (CoE) for Airbus at its Bengaluru campus. This state-of-the-art facility is set to bolster engineering support for Airbus’s aircraft structural simulation activities across its European business units in France, Germany, the UK, and Spain.

Summits and Conferences News

10th World Water Forum Opens in Bali, Indonesia

The 10th World Water Forum, themed “Water for Shared Prosperity,” officially commenced on May 21 in Bali, Indonesia. Attendees included numerous country leaders and United Nations representatives. The forum focused on four critical topics: water conservation, clean water and sanitation, food and energy security, and mitigation of natural disasters.

Ranks and Reports News

India Records Positive Growth Among Top 5 World Steel Producers in April

India is the only country among the world’s top five crude steel producers to record positive growth in April 2024, according to the World Steel Association. India, the second-largest crude steel producer globally, achieved a growth rate of 3.9% compared to April 2023.

Oxford Economics’ Global Cities Index: Delhi Leads Indian Rankings

In the latest Oxford Economics’ Global Cities Index, Delhi emerges as the highest-ranked Indian city, securing the 350th position among the world’s 1000 largest cities. However, no Indian city managed to break into the top 300. The index, encompassing cities from 163 countries, evaluates cities across five key categories: Economics, Human Capital, Quality of Life, Environment, and Governance. New York clinches the top spot, with London, San Jose, Tokyo, and Paris following suit.

Important Days News

World Football Day 2024, Date, History and Significance

In 2024, the world marks the 100th anniversary of the first international football tournament involving teams from all regions, held on May 25, 1924, during the Summer Olympic Games in Paris. To honour this milestone, the United Nations General Assembly passed Resolution A/RES/78/281 on May 7, 2024, proclaiming May 25 as World Football Day.

International Week of Solidarity with the Peoples of Non-Self-Governing Territories 25-31 May

The U.N. commemorates International Week of Solidarity with Peoples of Non-Self-Governing Territories annually from May 25 to May 31. The U.N. describes a Non-Self-Governing Territory as a territory “whose people have not yet gained a complete degree of self-government.” This day aims to request the administering Powers to protect and respect the rights of the peoples in these territories to their natural resources and their property rights. Currently, there are 17 non-self-governing territories left in the world.

Miscellaneous News

Cyclone Remal: IMD Predictions and Impact

A low-pressure system over the Bay of Bengal is set to intensify into Cyclone Remal, reaching Bangladesh and adjoining West Bengal coasts as a severe cyclonic storm. The India Meteorological Department (IMD) forecasts the cyclone’s progression, predicting it to become a severe cyclonic storm by May 25 morning and make landfall between Sagar island in West Bengal and Khepupara in Bangladesh by May 26 evening.