Daily GK Update: 29th May 2023

By Neha Bisarya|Updated : May 29th, 2023

 Science & Technology

1. ISRO successfully placed 2G navigation satellite into intended orbit


  • ISRO has successfully launched a second generation navigation satellite, NVS-01, by using a GSLV rocket with a cryogenic upper stage.
  • NVS-01 would augment the India's regional navigation system, providing accurate and real-time navigation
  • The GSLV-F12/NVS-01 mission was launched from the 2nd launch pad at the Satish Dhawan Space Centre, Sriharikota
  • The signals will be more secure, civilian frequency band has been introduced
  • This was one of the five of such satellites.
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2. HS Prannoy wins his maiden BWF World Tour title 2023


  • India's world No.9 shuttler, H.S. Prannoy has clinched his maiden BWF World Tour title 2023, held at the Malaysia Masters Super 500 badminton tournament.
  • In finals, he beat Weng Hong Yang of China 21-19, 13-21, 21-18.
  • He had previously clinched the title at the 2017 US Open.
  • Women's singles: Akane Yamaguchi
  • Men's Double: Kang Min-hyuk and Seo Seung-jae
  • Women's doubles:  Baek Ha-na and Lee So-hee
  • Mixed doubles: Dechapol Puavaranukroh and Sapsiree Taerattanachai
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 National & International Appointments

3. Turkiye President Recep Tayyip Erdogan wins Presidential election


  • President Recep Tayyip Erdogan has won the presidential election In Turkiye, extending his rule to a third decade.
  • He defeated opposition leader Kemal Kilicdaroglu in a runoff vote.
  • Out of 99.43% of the votes, Erdogan got 52.14% of the votes and Kilicdaroglu received 47.86%.
  • The vote seals Erdogan’s place in history as he extends his 20-year rule for a further five years.
  • Türkiye capital: Ankara and Currency: Turkish lira
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4. India's SJVN to develop second hydropower project Arun-4 in Nepal


  • Nepal has decided to allow India's Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country.
  • Presently, SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal.
  • The draft project development agreement was approved by Nepal PM Pushpa Kamal Dahal Prachanda and is to be signed with India's state-owned SJVN to develop the 669 MW Lower Arun Hydropower project in eastern Nepal
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 National Affairs

5. Cambodian King Norodom Sihamoni arrives in New Delhi


  • King of Cambodia, Norodom Sihamoni has arrived in New Delhi on a three-day visit to India.
  • The King will have bilateral meetings with President Droupadi Murmu and PM Modi.
  • He will also pay floral tributes to Mahatma Gandhi at Raj Ghat.
  • The visit marks the culmination of the celebrations of the 70th anniversary of diplomatic relations between India and Cambodia.
  • This visit by the King of Cambodia is taking place after almost six decades.
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 National & International Appointments

6. Bola Ahmed Tinubu sworn in as the President of Nigeria


  • Bola Tinubu, from Nigeria's ruling All Progressives Congress party, has been sworn in as the new President of Nigeria.
  • In February 2023, he defeated former Vice President Atiku Abubakar.
  • The swearing ceremony was attended by the Indian defense minister, Rajnath Singh, who is on a three-day visit to Nigeria.
  • Agenda of visit: To strengthen the India-Nigeria bilateral relations
  • This is the first-ever visit of an Indian Defence Minister to Nigeria.
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 Important Dates

7. International Day of UN Peacekeepers 2023: 29 May


  • International Day of United Nations Peacekeepers is celebrated every year across the globe on May 29 to highlight the efforts of the UN peacekeepers work to establish and maintain peace in conflict areas.
  • 2023 theme: Peace Begins With Me
  • The first UN peacekeeping effort commenced in the Middle East in 1948 and this year (2023) marks the 75th year of operation of UN peacekeeping
  • The Dag Hammarskjold medal was posthumously awarded to peacekeepers who passed away in 2022
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 Banking & Finance

8. Bank of Maharashtra top performer in NPA management during FY23


  • Bank of Maharashtra (BoM) has emerged as the best bank as far as the management of bad loans is concerned with its net non-performing assets (NPAs).
  • The NPA fell as low as 0.25% during the financial year ended March 2023.
  • This is the lowest ratio among all banks having total business above Rs 3 lakh crore and not just public sector banks (PSBs).
  • While HDFC Bank's net NPA fell to 0.27% followed by Kotak Mahindra Bank placed third spot with 0.37% of net advances.
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 State Affairs

9. Assam's first Vande Bharat Express train inaugurated


  • PM Modi has flagged off Assam's first Vande Bharat Express train through video conferencing on May 29, 2023.
  • This new service will cover the distance of 411 km between Guwahati and New Jalpaiguri in 5 hours and 30 minutes.
  • The train will stop at Kamakhya, New Bongaigaon, Kokrajhar, New Alipurduar, and New Coochbehar and culminate at NJP
  • This will be the third Vande Bharat for West Bengal, after Howrah-NJP Vande Bharat Express and Howrah-Puri Vande Bharat Express
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 Banking & Finance

10. UPI to account for 90% of retail digital payments by 2026-27


  • According to PwC report 'The Indian Payments Handbook - 2022-27, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90% of the retail digital payments
  • UPI is driving the digital payments revolution, accounting for about 75% of the total transaction volume in the retail segment during 2022-23
  • The Indian digital payments market also saw steady growth at a CAGR of 50% (volume) and is expected to reach 411 billion transactions in FY 2026-27
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Daily GK Update: 29th May 2023


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