Daily GK Update - 26th May 2023 Current Affairs

                                                         Current Affairs

                                                         National Affairs

According to the Ministry of Agriculture, total food grain production is going to be 330.05 million tonnes.

• In its third advance estimate, the Ministry of Agriculture has announced that the total food grain production is going to be 330.05 million tonnes which is the highest ever food grain production till now.

Indian Navy lands Mig-29k on INS Vikrant during the night.

• The Indian Navy has achieved another historic milestone by undertaking the maiden night landing of MiG-29K.
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Niti Ayog has released the Health Index.

• Kerala and Tamil Nadu have topped the Niti Aayog Health Index.

The Ministry of Civil Aviation has launched the Udan 5.1 Scheme.

• Regional Connectivity Scheme Udan (Ude Desh Ka Aam Nagrik) was launched by the Ministry of Civil Aviation.
• Udaan 5.1 specifically focuses on Helicopter routes for promoting connectivity.

Indian Supercomputer ‘Airawat’ ranks 75th fastest supercomputer in the world.

• Airawat which is the fastest supercomputer in India has been ranked as the 75th  fastest supercomputer in India.
• Airawat has been installed at the Centre for Advanced Supercomputing.

                                                          International Affairs

Germany, which is the fourth largest economy in the world, falls into recession.

• The GDP growth rate in Germany continued to fall for three quarters and till now the GDP of Germany has contracted by 0.5%.

Iran has test-fired the Khorramshahr ballistic missile.

• Iran has test-fired the Khorramshahr ballistic missile which has a range of 2,000 km and can carry 15,00 kg of warhead.

Ioannis Sarmas has been named as Greece's caretaker prime minister of Greece.

• Senior judge Ioannis Sarmas has been named as Greece's caretaker prime minister after a general election failed to produce a new government.

                                                                   Economy

The Ministry of Finance has lifted the exemption of 21 countries from levying Angel Tax.

• The Ministry of Finance has lifted the exemption of Investors from 21 counties from levying Angel Tax.
• Angel taxes are taxes funds raised by startups if they exceed the fair market value of the company.
• This tax is levied at a 30.9% rate on net investments over the fair market value. Angel Tax originated from Section 56(2) (VII B) of the Income Tax Act introduced in 2012.

                                                                 Appointments

R. Dinesh assumed office as the President of the Confederation of Indian Industry.

• R. Dinesh who is president of the TVS supply chain has been elected as the president of the Confederation of Indian Industry (CII).

Realme has appointed Shahrukh Khan as its brand ambassador.

• Realme has appointed Shahrukh Khan as its brand ambassador before the launch of its most innovative products.

Justice S. Vaidyanath has been appointed as acting chief justice of Madras High Court.

• President Droupadi Murmu has appointed Justice S. Vaidyanathan, the seniormost judge of the Madras High Court, as it's Acting Chief Justice (ACJ)

                                                                      Sports

Khelo India University Games are to be held today in Uttar Pradesh.

• The Khelo India University Games 2023 is scheduled to start on May 25 with four cities across the state of Uttar Pradesh set to host the multi-sport event.