Today’s Daily Current Affairs in Hindi & English PDF | 27th May 2023

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1. National

1.1 Oil India Limited Reports Record Net Profit and Production Growth in FY 2022-23

Oil India Limited (OIL) has achieved its highest-ever net profit since its inception, amounting to Rs. 6810.40 Crore in FY 2022-23, with a growth of 75.20% YoY. The company also saw a significant increase in pipeline throughput and turnover. OIL experienced growth in oil and gas production, setting new records. The company’s earnings per share (EPS) also rose, and it declared a final dividend for the fiscal year. Furthermore, OIL’s group company, NRL, achieved its highest-ever consolidated profit after tax and turnover. OIL is a state-owned enterprise and one of the largest oil and gas companies in India.

1.2 BJP-led NDA Government Completes 9 Years: A Look at Major Achievements and Initiatives

BJP-led NDA government completes 9 years at Centre, launching a month-long mass outreach campaign. Prime Minister Modi’s initiatives have boosted indigenous defense manufacturing and space sector growth. Defense and space sectors are intertwined, and space is becoming crucial for global conflicts.

1.3 India’s First Mining Start-up Summit: Boosting Innovation and Technology in the Mining Sector

Mumbai will host India’s first ‘Mining Start-up Summit’ on May 29, focusing on innovation and technique in mining and metallurgy. Over 120 start-ups and 20 major industries will participate, with a focus on exploration, virtual reality, automation, and drone technology. The summit aims to leverage the capabilities of India’s start-up ecosystem to address technological challenges in the mining sector and enhance mineral production. The event will feature exhibitions, technical sessions, panel discussions, and presentations by start-ups. India’s mining sector plays a crucial role in economic growth and employment generation.

1.4 India’s Fastest 5G Rollout: Seamless Connectivity and Progress in 6G Technology

India launched its 2,00,000th 5G site at Gangotri, covering 700 districts and providing mobile coverage to Chardhams. The rollout, led by Prime Minister Narendra Modi, is one of the fastest in the world. The connectivity will benefit pilgrims with seamless internet access and good voice/video call quality. 5G technology is expected to revolutionize communication with its high speed and reliability. India is also making progress in 6G technology, holding over 100 patents and attracting interest from developed countries.

2. International

2.1 Indian Peacekeepers Honored with UN Medal for Supreme Sacrifice

Three Indian peacekeepers, Head Constables Shishupal Singh and Sanwala Ram Vishnoi, were honored with the highest UN medal, the Dag Hammarskjold Medal, for their sacrifice while serving in the Democratic Republic of the Congo. Another individual, Shaber Taher Ali, was also posthumously awarded the medal. The ceremony took place at the UN headquarters in New York on May 25, coinciding with the International Day of UN Peacekeepers. India has been a significant contributor to UN peacekeeping missions, deploying over 275,000 troops, including a notable female contingent in Liberia in 2007.

2.2 King of Cambodia’s State Visit to India Marks 70th Anniversary of Diplomatic Ties

The King of Cambodia, Preah Bat Samdech Boromneath NORODOM SIHAMONI, will visit India on an official two-day tour. The visit coincides with the 70th anniversary of diplomatic ties between India and Cambodia. The King will meet with Indian leaders, including the President, Vice President, and Prime Minister, to discuss bilateral and multilateral cooperation. The visit holds symbolic value as it is the first visit by a Cambodian King to India in six decades. The King will also lay a wreath at Mahatma Gandhi’s Memorial and attend a state banquet in Rashtrapati Bhawan.

2.3 US Defense Secretary’s Visit to India: Strengthening Defense Cooperation and Innovation

US Defense Secretary, Lloyd J. Austin III, will visit India as part of his four-nation tour in the Indo-Pacific region. This will be his second visit to India and seventh to the Indo-Pacific since assuming office. The visit is significant due to Prime Minister Narendra Modi’s upcoming visit to the White House.

Austin will first stop in Tokyo and meet with Japanese Defense Minister Yasukasu Hamada, then proceed to Singapore for the International Institute for Strategic Studies conference. Finally, he will travel to New Delhi to focus on enhancing defense innovation, industrial cooperation, and operational collaboration between the US and Indian militaries. The US-India defense relationship has experienced substantial growth, particularly since it was designated as a “Major Defense Partnership” in 2016.

2.4 China Faces Looming Threat of Fresh Corona Infection from New Variant

Threat of fresh corona infection looming large over China as a new variant poses a serious danger. Director Zhong Nanshan warns that up to 65 million people could be infected every week in June. China is preparing to combat the new variant by promoting preventive measures and granting permission for the use of a vaccine effective against it.

3. Business

3.1 Record Crop Production Expected in 2022-23: Third Advance Estimates

Record production of major crops expected in 2022-23, according to the third advance estimates. The Ministry of Agriculture and Farmers Welfare estimates a total foodgrain production of 3305.34 lakh tonnes. Rice, wheat, maize, soybean, rapeseed & mustard, and sugarcane are among the crops with expected record production. The increase in production is attributed to the efforts of farmers, scientists, and farmer-friendly policies.

4. Sports

4.1 Indian Junior Men’s Hockey Team Wins 3-1 against Japan in Men’s Junior Asia Cup 2023, PV Sindhu and HS Prannoy Advance in Malaysia Masters 2023

Indian junior men’s hockey team secured a 3-1 victory over Japan in the Men’s Junior Asia Cup 2023. They will face Pakistan next. In badminton, PV Sindhu and HS Prannoy advanced to the semi-finals of the Malaysia Masters 2023, while Kidambi Srikanth was eliminated in the quarterfinals.

4.2 BFI Appoints Renowned Coach John Warburton as Head Coach for Sub-Junior Category

Renowned coach John Warburton appointed as head coach for the Sub-Junior category by the Boxing Federation of India (BFI) as part of their partnership with JSW. With a coaching career spanning four decades, Warburton brings extensive experience and expertise to Indian boxing. He has worked with notable boxers in England and the national teams, contributing to their success at prestigious events. Warburton’s appointment reflects BFI’s commitment to developing young talents and creating a strong talent pool. He currently leads boxing at JSW’s Inspire Institute of Sport, where he has guided promising Indian boxers. Warburton’s academic pursuits in sports coaching demonstrate his dedication to continual learning.

5. Sci-Tech

5.1 Defence Minister Emphasizes Importance of Technologically Advanced Military for Protecting Country’s Interests

Technologically advanced military is crucial for protecting the country’s interests, according to Defence Minister Rajnath Singh. He emphasized the need for a partnership between the Defence Research and Development Organization (DRDO) and academia to address challenges and make India a leader in defense technologies. Research plays a key role in driving innovation and enhancing the armed forces’ capabilities. The partnership benefits both parties, with DRDO gaining skilled human resources and academia gaining access to funds, infrastructure, and lab facilities. Developing a technologically advanced military is important for India due to the double threat it faces on its borders. Research provides countries with a strategic edge and acts as a deterrent in the global security landscape.

6. Health

6.1 India’s Health Minister Engages in Global Health Collaborations at World Health Assembly

India’s Union Health Minister, Dr. Mansukh Mandaviya, participated in the 76th World Health Assembly, engaging in bilateral meetings with several countries and organizations. The discussions focused on collaborations in healthcare and pharma sectors, global health architecture, universal health coverage, public health emergencies, and more effective World Health Organization (WHO). India’s commitment to a healthier world and the importance of global partnerships were emphasized. Collaborative opportunities were explored with countries such as Singapore, France, USA, Bangladesh, Argentina, and organizations like the Bill and Melinda Gates Foundation. Jamaica, the Maldives, and Oman expressed their desire to collaborate with India in various healthcare domains.

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