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29th May Current Affairs – Top News of the Day

Today’s Current Affairs

29th May 2023 Current Affairs are incorporated with the important news that made the current affairs headlines for banking, UPSC or other competitive exams. Daily Current Affairs is the complete bag of important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the Top News of the Day for 29th May 2023 to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Current Affairs 29th May 2023 covering the following news headlines: International Day of UN Peacekeepers, Jawaharlal Nehru, 2023 Monaco Grand Prix, Ambati Rayudu, IIFA Awards 2023.

National News

1. PM Narendra Modi inaugurates new Parliament building

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On May 28, 2023, Prime Minister Narendra Modi officially opened the new Parliament building. He arrived at Gate No. 1, wearing traditional attire, and was greeted by Lok Sabha Speaker Om Birla. Accompanied by priests from Karnataka’s Shringeri Math, the Prime Minister participated in a ceremonial “Ganapati Homam” to seek divine blessings for the inauguration of the new Parliament building. Vedic chants added a spiritual atmosphere to the occasion.

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2. PM Modi Chairs 8th Governing Council Meeting of Niti Aayog, Emphasizes Team India Approach for a Developed Nation by 2047

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Prime Minister Shri Narendra Modi recently presided over the 8th Governing Council Meeting of Niti Aayog, held at the New Convention Centre in New Delhi. The meeting saw the participation of Chief Ministers and Lieutenant Governors representing 19 states and 6 union territories. In his address, Prime Minister Modi underscored the importance of collaborative efforts between the central government, states, and union territories to realize the aspirations of the people and transform India into a developed nation by 2047.

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3. First Vande Bharat Express Train of Northeast to be Flagged Off by PM Modi

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Prime Minister Narendra Modi will flag off Assam’s first Vande Bharat Express train. The state-of-the-art Vande Bharat train will be flagged off by the Prime Minister through video conferencing. The new service will cover the distance of 411 km between Guwahati and New Jalpaiguri in 5 hours 30 minutes reducing the present shortest journey time by the speediest train significantly. Get to know all the features included in the first Vande Bharat Express train of Northeast India.

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4. India Secured Approval to Set Up Second Hydropower Project in Nepal

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Nepal has decided to allow India’s Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country. At present SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal, scheduled to be completed in 2024. A meeting of the Investment Board Nepal (IBN) chaired by Prime Minister Pushpa Kamal Dahal aka Prachanda approved the draft project development agreement (PDA) to be signed with India’s state-owned SJVN to develop the 669-megawatt (MW) Lower Arun Hydropower project in eastern Nepal.

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Appointments News

5. Karnataka Bank Appoints Srikrishnan Harihara Sarma as MD & CEO

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Karnataka Bank, a prominent Indian banking institution, has announced the appointment of Srikrishnan Harihara Sarma as its new Managing Director and Chief Executive Officer (CEO). With extensive experience spanning nearly four decades in commercial, retail, and transactional banking, technology, and payments, Sarma brings a wealth of expertise to his new role. The appointment is subject to the approval of shareholders at the ensuing Annual General Meeting or within a period of three months from the date of assuming charge, whichever is earlier.

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Economy News

6. GDP expected to grow 6-6.5 per cent in FY24: BoB Eco Research

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Experts from various agencies have estimated India’s economic growth for the fiscal year 2023-24 to be in the range of 6-6.5%. While there are slight variations in decimal points, the consensus suggests a positive outlook for the country’s GDP growth. Factors such as improved agricultural output, rebounding contact-intensive sectors, and government initiatives are expected to drive this growth. However, there are also downside risks, including geopolitical tensions and slowing external demand.

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Banking News

7. Bank of Maharashtra Emerges as Top Performer in NPA Management during FY23

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Bank of Maharashtra (BoM), a Pune-based state-owned lender, has been recognized as the best bank in managing bad loans, achieving a remarkably low net non-performing assets (NPAs) ratio of 0.25% during the financial year that ended in March 2023. This achievement positions BoM as the leader among all banks with total business exceeding Rs 3 lakh crore, not limited to public sector banks (PSBs), according to the published yearly data of banks.

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Defence News

8. Sudarshan Shakti Exercise 2023: Enhancing India’s Defense Capabilities

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The Sapta Shakti Command of the Indian Army recently conducted the highly anticipated exercise ‘Sudarshan Shakti 2023’ along the western borders in Rajasthan and Punjab. The exercise aimed to transform the forces into a modern, lean, and agile fighting combination capable of leveraging new-age technologies. With a focus on operational planning in a network-centric environment, this exercise validated the Indian Army’s combat power, combat support, and logistic support capabilities.

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Schemes News

9. IMPRINT India: Boosting Research and Innovation for a Technologically Advanced Nation

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The IMPRINT India scheme, an acronym for “Impacting Research Innovation and Technology,” is a collaborative initiative between the Department of Science and Technology and the Ministry of Human Resource Development in India. The program aims to strengthen research and innovation in the country by addressing major engineering and technology challenges across ten crucial domains. By promoting indigenous research and development, IMPRINT India seeks to reduce dependence on foreign technology and enhance the nation’s self-sufficiency. This article explores the objectives, features, functionality, benefits, and vision of the IMPRINT India scheme.

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Awards News

10. Cannes Film Festival 2023 awardee’s list

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The 2023 Cannes Film Festival has come to a close, with the 76th annual celebration of cinema awarding the coveted Palme d’Or to Justine Triet’s crime drama Anatomy of a Fall. French director Justine Triet became the third female director to win the Cannes Film Festival’s Palme d’Or for her film Anatomy of a Fall, beating out 20 other films in competition for the top prize at Cannes Film Festival 2023.

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11. Goan writer Damodar Mauzo gets 57th Jnanpith Award

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Damodar Mauzo, a Goan short story writer, novelist, critic, and scriptwriter in Konkani, has been awarded the 57th Jnanpith Award, India’s highest literary honor. Mauzo is the second Goan to receive the award, after Ravindra Kelekar in 2008. Mauzo’s 25 books have been published in Konkani and one in English. Many of his books have also been translated in different languages. Mauzo’s famous novel ‘Karmelin’ received the Sahitya Akademi Award in 1983.  Renowned poet Gulzar was present during the function held at the Raj Bhavan near Goa capital Panaji.

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12. IIFA Awards 2023 Announced: Check The Complete List Of Winners

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The 23rd season of the International Indian Film Academy Awards, also known as IIFA, has made its return. Produced by Wizcraft International Entertainment Pvt. Ltd., this annual award ceremony recognizes outstanding contributions in the Bollywood film industry, including films, stars, filmmakers, and technicians. Since its establishment in 2000, the IIFA awards have been held in different countries worldwide. The inaugural ceremony took place on June 24, 2000, at the Millennium Dome in London, and the 22nd edition was held in Abu Dhabi, UAE.

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Sports News

13. Ambati Rayudu Announces IPL Retirement Ahead of CSK vs GT Finals

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Ambati Rayudu, the Chennai Super Kings’ star batter, announced his retirement from the Indian Premier League, confirming that the final of the 2023 edition against Gujarat Titans will be his last match in the tournament. Ambati Rayudu has been part of the Chennai Super Kings since 2018, and won two titles with the franchise; he had begun his IPL career with Mumbai Indians in 2010.

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14. Max Verstappen wins Monaco Grand Prix 2023

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Red Bull’s Max Verstappen won the 2023 Monaco Grand Prix, leading all 78 laps from pole position. The victory was Verstappen’s fourth of the season and extended his lead in the Drivers’ Championship to 39 points. The race was held in wet conditions, and Verstappen made the most of it, starting well and pulling away from the rest of the field. He never looked back, and cruised to victory. Fernando Alonso finished second, with Esteban Ocon in third. Charles Leclerc retired from the race after a collision with Carlos Sainz.

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Important Days

15. India Observes Jawaharlal Nehru’s 59th Death Anniversary

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This year marks the 59th death anniversary of the former Prime Minister of India, Jawaharlal Nehru. Jawaharlal Nehru was the first Prime Minister of India after Independence and played a significant role in the freedom struggle of India. On the 59th Death Anniversary of Jawaharlal Nehru, Prime Minister Narendra Modi paid tribute to the legendary leader of India. PM Modi took this thought to Twitter and expressed his tribute.

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16. International Day of UN Peacekeepers 2023 observed on 29th May

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The International Day of UN Peacekeepers is observed annually on May 29th. It is a day dedicated to honoring the contributions and sacrifices of United Nations (UN) peacekeepers in maintaining peace and security around the world. The day also serves as a tribute to those who have lost their lives in the line of duty. The theme of the 75th anniversary “Peace begins with me” recognizes the service and sacrifice of peacekeepers, past and present, including more than 4200 who have given their lives under the UN flag.

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