27 May 2024 Current Affairs in English

Today’s Current Affairs – 27 May 2024

27 May 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 27 May 2024 Current Affairs is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 27 May Current Affairs lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.

27th May Daily Current Affairs 2024

27 May 2024 Current Affairs also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 27 May 2024 Current Affairs not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.

KKR lifts their third trophy in IPL

In Cricket, Kolkata Knight Riders lifted their third trophy in the Indian Premier League with a crushing eight-wicket win over Sunrisers Hyderabad in a completely one-sided final yesterday. Having lost the toss, KKR produced a clinical effort with the ball to dismiss SRH for 113, the lowest-ever total in an IPL title clash. Mitchell Starc was declared Player of the Match.

• Harshal Patel of Punjab Kings (PBKS) won the Purple Cap, taking 24 wickets.
• Royal Challengers Bangalore’s (RCB) Virat Kohli claimed the Orange Cap with 741 runs.
• Nitish Kumar Reddy, with 303 runs, was named Emerging Player of the Season.
• Sunil Narine was awarded both the Most Valuable Player and Ultimate Fantasy Player of the Season.

Dipa Karmakar clinches India’s first-ever gold medal in women’s pole vault at the Asian Championships in Tashkent

Dipa Karmakar scripted history clinching India’s first-ever gold medal at the Asian Championships in Tashkent, Uzbekistan. The 30-year-old Olympian registered an average score of 13.566 in the women’s Vault final. This is the first time that an Indian gymnast has won a gold medal in any event at the Asian Championships.

She is the first female gymnast from India to compete in the Olympics and at Rio 2016. She also became the first Indian ever to win a gold medal at an international gymnastics competition when she won the women’s vault gold medal at the 2018 FIG World Cup in Mersin, Turkey.

India only country among the top 5 largest steel producers in the world to see growth in production

India has emerged as the sole nation among the top five steel producers in the world to witness growth in production during April, while others experienced declines of up to 7%. India, the second-largest steel producer worldwide, recorded a 3.6% increase in production, reaching 12.1 million tonnes in April.

The country has achieved an impressive 8.5% growth in production between January and April this year, having produced 49.5 million tonnes of steel. Japan, the United States, and Russia experienced a 2-6% year-on-year decline in steel production during the month.

TCS gets core banking transformation deal from Kuwait’s Burgan Bank

Tata Consultancy Services (TCS) on May 22 announced that it bagged a deal to modernize the core banking technology of Burgan Bank, a leading commercial bank in Kuwait, coming at a time when the IT services giant is seeing increased growth and demand in the emerging markets including the Middle East.

TCS will help Burgan Bank consolidate multiple standalone legacy applications into a contemporary universal banking solution that drives innovation and strengthens customer relationships. Burgan Bank is one of the youngest commercial banks in Kuwait, with a regional network of over 160 branches and 360 ATMs.

CBDT notifies Cost Inflation Index for the financial year 2024- 25

The Central Board of Direct Taxes, CBDT has notified the Cost Inflation Index, CII for the financial year 2024- 25 for calculating long-term capital gains. The CII for the financial year 2024-25, relevant to the assessment year 2025-26, stood at 363. The Cost Inflation Index is used by taxpayers to compute gains arising out of the sale of capital assets after adjusting inflation.

This notification will come into force with effect from the 1st day of April 2025. For the financial year 2023-24, the CII was set at 348. It is popularly used to calculate the “indexed cost of acquisition” while calculating capital gains at the time of sale of any capital asset. An asset is required to be retained for more than 36 months (24 months for immovable property and unlisted shares, 12 months for listed securities) to qualify as ’long-term capital gains’. Since prices of goods increase over time resulting in a fall in the purchasing power, the CII is used to arrive at the inflation-adjusted purchasing price of assets so as to compute taxable long-term capital gains (LTCG).

WCD ministry ‘officially’ dissolves Food and Nutrition Board

A board responsible for providing technical and logistical support for the functioning of community nutrition programs has been “officially dissolved” as part of a plan for the rationalization of government bodies. The Food and Nutrition Board has been shut down by the Women and Child Development (WCD) Ministry. It was a technical wing of the ministry headquartered in Delhi.

The board had a wide network of offices, including four regional offices and many quality control laboratories in Faridabad, Mumbai, Kolkata, and Chennai. The activities of the FNB were officially closed as per a gazette notification dated June 16, 2021. The formal dissolution was approved on Nov 30 last year. Consequently, FNB ceased operations effective December 2023.

Thiruvananthapuram International Airport receives zero waste to landfill accolade

The Thiruvananthapuram International Airport has received the zero waste to landfill (ZWL) accolade from the Confederation of Indian Industry (CII-ITC) Centre of Excellence for Sustainable Development. It was the first airport in the country to receive this ‘prestigious recognition’.

The ZWL assessment verified that Thiruvananthapuram International Airport implemented the best waste management practices and achieved a 99.50% waste diversion from landfill. The airport has successfully diverted 100% of plastic waste and 100% of MSW waste (wet and dry).

Payal Kapadia Scripts History; All We Imagine As Light Wins Grand Prix at Cannes

Indian filmmaker Payal Kapadia made history by winning the country’s first-ever Grand Prix Award at the 77th Cannes Film Festival. Her Malayalam-Hindi film All We Imagine As Light stars Kani Kusruti and Divya Prabha as nurses working in Mumbai. The movie also stars Chhaya Kadam and Hridhu Haroon.

After Shaji Karun’s Swaham, which competed for the Palme d’Or at the 1994 Cannes, Kapadia’s film was the first Indian title in 30 years to be selected for the prestigious Competition section. Kapadia is also the first Indian woman to be nominated in the category.

Jetha Ahir new chairman of NAFED

Jetha Ahir, who has served as the deputy speaker of the Gujarat Assembly in the past, has been elected uncontested as the chairman of the National Agricultural Cooperative Marketing Federation of India (NAFED). Ahir is also the chairman of Panchmahal’s Pancharmrut Dairy as well as the Panchmahal District Cooperative (PDC) Bank.

Remal Makes Landfall On Bangladesh Coast

Cyclone Remal made landfall on the Bangladesh coast. The cyclone is likely to land in the adjoining West Bengal region around midnight on 27th May, the India Meteorological Department (IMD) predicted. It is the first cyclone over the Bay of Bengal in this pre-monsoon season.

The cyclone that is hurtling towards the West Bengal and Bangladesh coastlines with landfall has been named ‘Remal’ as per the standard convention of naming tropical cyclones in the region. The IMD follows a specific naming convention for tropical cyclones forming in the North Indian Ocean, including the Arabian Sea and the Bay of Bengal.

The name “Remal”, means “sand” in Arabic. The name was given by Oman. Cyclone Remal is the first pre-monsoon cyclone in the Bay of Bengal this season. In view of the effective cyclone warning and disaster mitigation in the North Indian Ocean region, the WMO came together in 1972 to establish the Panel on Tropical Cyclones (PTC).

The PTC originally comprised eight member nations — Bangladesh, India, Maldives, Myanmar, Pakistan, Sri Lanka, Sultanate of Oman and Thailand. However, the panel expanded in 2018 and included Iran, Qatar, Saudi Arabia, the United Arab Emirates, and Yemen in its list of member nations.

Daily Current Affairs 2024

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