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Daily Current Affairs 29th May, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 29th May, 2024. It includes all Major National, International, Business and Sports related current affairs of 29th May, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 29th May, 2024 Current affairs test.


International News

Massive Landslide in Papua New Guinea Buries Entire Village

  • A catastrophic landslide in Yambali, a remote village in the Enga Province of Papua New Guinea, has resulted in significant loss of life.
  • According to the United Nations International Organization for Migration (IOM), over 670 individuals have perished, and more than 2000 are feared trapped under the debris.
  • The death toll is expected to rise due to the challenging rescue efforts hampered by the area’s inaccessibility.

Banking News

RBI Launches PRAVAAH, Retail Direct Mobile App, and FinTech Repository

  • The Reserve Bank of India (RBI) Governor, Shaktikanta Das, has introduced three major initiatives: the Pravaah portal, the Retail Direct Mobile App, and a FinTech Repository.
  • These initiatives, previously announced in the RBI’s bi-monthly statements from April 2023, April 2024, and December 2023, aim to streamline regulatory processes, provide easier access to government securities for retail investors, and enhance the understanding of the FinTech sector.

Poonawalla Fincorp And IndusInd Bank Launch Co-Branded RuPay Credit Card

  • Poonawalla Fincorp Limited, in partnership with IndusInd Bank, has launched the ‘IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card’.
  • This card offers rewards and benefits without any joining or annual fees. Users can earn rewards for every ₹100 spent, including UPI transactions, and enjoy 2.5 times reward points on e-commerce purchases.
  • Additional perks include ₹0.40 cash credit per reward point, buy-one-get-one movie ticket offers through BookMyShow, a 1% fuel surcharge waiver, and milestone achievement rewards.

Business News

Reliance Industries to Begin Construction on India’s First Multimodal Logistics Park Near Chennai

  • Reliance Industries is set to commence construction on India’s first Multimodal Logistics Park at Mappedu near Chennai in June.
  • This project, conceptualized 12 years ago, has faced initial setbacks but is now ready to proceed.
  • Valued at Rs 1,424 crore and covering 184.27 acres in Tiruvallur district, the project is poised to transform the logistics landscape in the southern region.

Reliance Industries Strikes Deal with Rosneft for Rouble Payments

  • Reliance Industries has secured an agreement with Russia’s Rosneft to purchase at least 3 million barrels of oil monthly, with payments made in Russian roubles.
  • This deal aligns with Russian President Vladimir Putin’s push for alternative trading mechanisms amidst Western sanctions and allows Reliance to obtain oil at discounted rates amidst anticipated OPEC+ supply cuts.

Reliance Industries Partners with Norway’s Nel to Boost New Energy Investments

  • Reliance Industries Ltd (RIL) has formed a significant technology partnership with Norway’s Nel ASA to advance its investments in new energy.
  • This collaboration aims to facilitate RIL’s transition towards green energy, focusing on the production of green hydrogen.

Economy News

Indian Economy Grew 7.4% in Q4 FY24; 8% in FY24: SBI Research Report

  • The Indian economy recorded a 7.4% GDP growth in Q4 FY24 and an overall 8% growth for FY24, according to an SBI Research report.
  • This announcement precedes the official GDP figures release by the Centre on May 31 for Q4 FY24 and the provisional estimates for FY24.
  • The RBI projected a 7.3% real GDP growth for Q4 FY24, with expectations of 7.5% growth in Q1 FY25 and a full-year FY25 growth of 7.0%.
  • Chief Economic Adviser V. Anantha Nageswaran indicated that India’s economic growth could potentially reach 8% in FY24.

Schemes News

Crackdown on Fraudulent SMS Under Sanchar Saathi Initiative

  • The Department of Telecommunication (DoT), in collaboration with the Union Ministry of Home Affairs, has launched the Sanchar Saathi Initiative to combat the surge of fraudulent SMS.
  • This initiative aims to address the proliferation of deceptive messages targeting unsuspecting mobile users, with the government identifying and blocking eight SMS headers frequently used by cybercriminals.

Awards News

Indian Peacekeeper Receives UN Military Gender Advocate of the Year Award

  • Major Radhika Sen, an Indian military peacekeeper serving with the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO), has been honored with the 2023 United Nations Military Gender Advocate of the Year Award.
  • This award recognizes her commitment and efforts in promoting the principles of UN Security Council resolution 1325 on women, peace, and security.

Sports News

ICC Players of the Month for April 2024 Announced

  • Hayley Matthews, the West Indies captain, has been named the ICC Women’s Player of the Month for her outstanding all-round performances that led the West Indies to success in Pakistan across both ODI and T20I series.
  • Muhammad Waseem, the UAE captain and opener, has been named the ICC Men’s Player of the Month for his significant run-scoring achievements as the UAE won the ACC Premier Cup.

Important Days

International Day of United Nations Peacekeepers 2024 Celebrated Annually on May 29th

  • The International Day of United Nations Peacekeepers, celebrated annually on May 29th, honors the extraordinary contributions of peacekeepers towards international peace and security.
  • Since the inception of the first UN peacekeeping mission in 1948, over two million peacekeepers have served in 71 missions, aiding countries in their transition from war to peace.
  • This year’s theme is “Fit for the Future: Building Better Together.”

Celebrating International Day of Action for Women’s Health 2024

  • The International Day of Action for Women’s Health in 2024 serves as a crucial platform to advocate for gender equality, women’s rights, and ensuring a healthy and fulfilling life for all women worldwide.

World Hunger Day 2024, A Call to End Global Hunger

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  • On May 28th, the world observes World Hunger Day, a day dedicated to raising awareness about global hunger.
  • The 2024 theme, “Mobilising in Critical Times of Threats and Opportunities,” emphasizes the need for sustainable solutions to end hunger and highlights the importance of empowering women to make decisions free from coercion and discrimination.

Miscellaneous News

Legendary Disney Songwriter Richard M. Sherman Passes Away at 95

  • Richard M. Sherman, one half of the famed Sherman Brothers duo known for creating iconic Disney songs, has passed away at the age of 95.
  • Alongside his late brother Robert, Sherman left an enduring legacy through their award-winning compositions for films like “Mary Poppins,” “The Jungle Book,” and “Chitty Chitty Bang Bang.”

Indian Mountaineer Satyadeep Gupta Achieves Historic Double Dual Ascent

  • Indian mountaineer Satyadeep Gupta has made history by becoming the first person to scale Mt. Everest and Mt. Lhotse twice in a single season.
  • He is also the first Indian to traverse the two peaks within an astonishing 11 hours and 15 minutes.
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