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Daily Current Affairs 31st May 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 31st May 2023. It includes all Major National, International, Business and Sports related current affairs of 31st May 2023. 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 31st May 2023 Current affairs test.

 

Banking & Finance

1. ADB’s Country Partnership Strategy for India (2023-2027)

  • The Asian Development Bank (ADB) presents its country partnership strategy for India for 2023-2027, concentrating on expediting structural transformation, employment creation, endorsing climate-resilient growth, and improving social and economic inclusivity.
  • ADB acknowledges India’s speedy recuperation from the Covid-19 pandemic, projecting an economic growth rate of 6.4% in FY24, cementing its status as a rapidly expanding major global economy.

2. Introduction of “Turbo UPI” by Razorpay in Association with Axis Bank and NPCI

  • Joining hands with Axis Bank and the National Payments Council of India (NPCI), fintech enterprise Razorpay has launched “Turbo UPI.”
  • This innovative feature lets online shoppers execute UPI payments directly during checkout, bypassing redirections to third-party UPI applications. Turbo UPI boasts a payment process that’s five times speedier, aiming to elevate the success rate of UPI transactions by 10%.

National & International Appointments

3. Appointment of Acting Chief Justice for Bombay High Court

  • Justice Nitin Jamdar has been officially designated by the Central Government as the Acting Chief Justice of the Bombay High Court, taking over from Chief Justice RD Dhanuka who retired on May 30.
  • A native of Solapur, Justice Nitin Jamdar has an illustrious legal lineage. At the Bombay High Court, his legal endeavors primarily spanned administrative and constitutional law, representing multiple public entities and acting as the Senior Standing Counsel for the Union of India.

Science & Technology

4. Launch of Shenzhou-16 Spacecraft by China

  • China recently celebrated the successful lift-off of the Shenzhou-16 spacecraft, which carries a trio of astronauts.
  • The launch was orchestrated at the Jiuquan Satellite Launch Center situated in the Gobi Desert. The crew is headed for China’s space station, with key mission agendas encompassing scientific experiments and space station equipment upkeep. This signifies China’s fifth crewed voyage to its space station since 2021.

Important Dates

5. World No Tobacco Day 2023

  • World No Tobacco Day, frequently termed Anti-Tobacco Day, is commemorated every May 31. This day is dedicated to amplifying awareness regarding the harmful repercussions of tobacco consumption and advocating for effective policy implementations to diminish its use.
  • Spearheaded by the World Health Organization (WHO), the theme for 2023 is “We need food, not tobacco.” This theme highlights the importance of promoting alternative agricultural and marketing avenues for tobacco cultivators, prompting the growth of sustainable crops.

Sports

6. India’s Triumph in CAVA Women’s Volleyball Challenge Cup 2023

  • India secured victory in the Central Asian Volleyball Association (CAVA) Women’s Volleyball Challenge Cup 2023, hosted in Kathmandu.
  • India achieved the championship title by overpowering Kazakhstan in a trio of sets, registering scores of 25-15, 25-22, and 25-18. Maintaining an undefeated streak throughout the event, India emerged as champions. The competition witnessed participation from eight countries, with Kazakhstan clinching the second position, followed by Nepal in third. Other participating nations included Uzbekistan, Sri Lanka, Kyrgyzstan, Maldives, and Bangladesh.
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