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Daily Current Affairs 4th May 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 4th May 2023. It includes all Major National, International, Business and Sports related current affairs of 4th 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 4th May 2023 Current affairs test.

International & National Organizations

1. Cristiano Ronaldo Tops Forbes’ 2023 Athlete Earnings List

  • Soccer star Cristiano Ronaldo from Portugal has been recognized by Forbes as the highest-earning athlete of 2023, following his move to Al-Nassr in Saudi Arabia.
  • Ronaldo’s contract with Al-Nassr, set to run until 2025, is worth £175 million annually.
  • Over the last year, he garnered $136m (£108.7m), while Lionel Messi from Argentina is close behind, earning $130 million. Kylian Mbappé, LeBron James, and Canelo Álvarez follow in the rankings.

National Updates

2. Indian Unemployment Peaks in April 2023

  • As per data from the Centre for Monitoring Indian Economy (CMIE), India’s unemployment reached a four-month high at 8.11% in April, seeing an increase from 7.8% in March 2023.
  • The urban unemployment rate rose to 9.81%, while rural unemployment saw a slight decrease to 7.34% in April.
  • This unemployment surge is attributed to a higher labor force participation, which increased from 39.7% to 41.9% in March.
  • A month-by-month breakdown for 2023 shows unemployment rates at 7.14% in January, 7.45% in February, 7.80% in March, and 8.11% in April.

3. India-Israel Forge R&D Cooperation

  • India has entered into a partnership with Israel through an MoU emphasizing Industrial Research and Development. The collaboration will span sectors including aerospace, electronics, engineering, environment, mining, chemicals, petrochemicals, and agriculture.
  • The agreement was initiated between India’s CSIR and Israel’s Directorate of Defense Research and Development in New Delhi.
  • This strategic partnership marks a significant step in India-Israel ties, fostering innovation and technology advancements.
  • Additionally, India has recently signed agreements with various nations, including an air service agreement with Guyana, a research networking MoC with Sweden, an audio-visual co-production pact with Australia, a semiconductor supply chain MoU with the US, and a disability sector cooperation MoU with South Africa.

Appointments at National & International Levels

4. Ajay Banga to Lead World Bank

  • The World Bank’s executive board, comprised of 25 members, has officially appointed Indian-American Ajay Banga as its president, with his tenure starting June 2, 2023.
  • Nominated for the position by US President Joe Biden in February 2023, Banga is currently the vice chairman at the US-based investment firm General Atlantic LP.
  • Before this role, he served as the president and CEO of Mastercard. In recognition of his contributions, he was honored with the Padma Shri, India’s fourth-highest civilian award, in 2016.


5. Exercise BULAND BHARAT at High Altitude Ranges

  • The Eastern Theatre witnessed the execution of Exercise BULAND BHARAT, a combined surveillance and firepower drill.
  • Conducted at the elevated artillery ranges, it involved a coordinated operation of Artillery, Infantry, Special Forces, Aviation, and CAPF in the regions of West Kameng and Tawang in Arunachal Pradesh.
  • The exercise also tested seamless long-distance communication across various channels.

Significant Observances

6. May 4 Marks Coal Miners Day

  • Annually observed on May 4, Coal Miners Day focuses on emphasizing the necessity of mine safety and the importance of providing miners with a secure work environment.
  • The history of coal mining traces back to the 16th century, with George Bruce of Carnock, Scotland, pioneering the first coal mine in 1575. Coal mining has since been pivotal to the global economic landscape.

7. Celebrating International Firefighters on May 4

  • The world commemorates International Firefighters’ Day (IFFD) every May 4.
  • The day is a tribute to the brave firefighters who relentlessly protect life and property. It’s an occasion to honor their commitment, courage, and the challenges they overcome.
  • Established in 1999, IFFD serves as a reminder of the valor and sacrifices firefighters make globally.
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