Daily Current Affairs 02nd May 2025

Daily Current Affairs 02nd May 2025: Your guide for daily General Knowledge Preparation

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This post contains daily current affairs 02nd May 2025. It includes all National, International, Business & Sports related current affairs 02nd May 2025. 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 02nd May, 2025 Current affairs test.

National News

GenomeIndia Project: India’s First National Genomic Dataset Made Available to Researchers

• The Department of Biotechnology (DBT) has successfully completed Whole Genome Sequencing (WGS) of over 10,000 individuals across India under the GenomeIndia Project.

• This dataset reflects the diverse genetic landscape of India’s population.

• The government has officially granted Indian researchers access to this data via the Indian Biological Data Centre (IBDC).

• The dataset was formally dedicated by Prime Minister Narendra Modi on January 9, 2025, during the Genomics Data Conclave.

Banking News

State Bank of India Collaborates with Land Ports Authority of India to Expand Banking Services at 26 Land Ports

• The State Bank of India (SBI) has entered into a Memorandum of Understanding (MoU) with the Land Ports Authority of India (LPAI).

• This agreement aims to improve and broaden banking facilities at 26 land ports situated along India’s borders with neighboring countries.

• LPAI’s Operational Reach:

  • LPAI currently manages 15 land ports across 8 border states.

  • These ports are located at borders shared with Nepal, Bangladesh, Bhutan, and Myanmar.

NPCI Rolls Out API Guidelines to Reduce UPI Transaction Outages

• The National Payments Corporation of India (NPCI) has issued two important circulars to regulate application programming interfaces (APIs) in the Unified Payments Interface (UPI) ecosystem.

• The goal of these guidelines is to minimize outages and ensure smoother operations for real-time payments.

• Key Points of the Guidelines:

  • The first circular addresses the need for faster response times in four critical APIs.

  • The second circular introduces measures to avoid API misuse in real-time payment systems.

API Response Time Adjustments:

• Check Transaction Status API:

  • Previous response time: 30 seconds

  • Updated response time: 10 seconds

• Transaction Reversal API (debit/credit):

  • Previous response time: 30 seconds

  • Updated response time: 10 seconds

• Request and Response Pay Function:

  • Previous response time: 30 seconds

  • Updated response time: 15 seconds.

RBI Acquires 57.5 Tonnes of Gold in FY25 – Second-Highest Annual Purchase in 7 Years

• The Reserve Bank of India (RBI) has purchased 57.5 tonnes of gold in the fiscal year 2024-25.

• This marks the second-largest gold acquisition by RBI since 2017.

• Reasons for Increased Gold Reserves:

  • Global economic instability.

  • A 30% surge in gold prices.

RBI’s Gold Reserve Data:

• Total gold reserves stood at 879.6 tonnes as of March 2025, rising from 822.1 tonnes a year earlier.

• Largest recent purchase was in FY22 with 66 tonnes, followed by 35 tonnes in FY23 and 27 tonnes in FY24.

Global Context:

• The rising gold purchases are attributed to dollar volatility, particularly after Donald Trump’s re-election in November 2024.

• India’s Global Rank in Gold Holdings:

  • India holds the 7th largest gold reserves globally in 2025, improving from 10th position in 2015.

  • India remains the 5th largest economy globally.

 Business News

Nvidia Announces $500 Billion Plan to Establish AI Chip Manufacturing in the U.S.

• Jensen Huang, CEO of Nvidia, announced a $500 billion investment plan to build AI chip manufacturing capabilities in the United States.

• This initiative represents a major shift from Nvidia’s dependence on Asian production hubs, particularly Taiwan.

• The announcement was made at a White House event, signaling the strategic importance of AI infrastructure in national development and global technological competition.

Razorpay Introduces India’s First Model Context Protocol Server for AI-Driven Payments

• Fintech leader Razorpay has launched India’s first Model Context Protocol (MCP) server for payment gateways.

• This innovation allows AI-powered systems to connect directly to payment infrastructures.

• Businesses can automate payment workflows without relying on conventional dashboards or APIs.

BookMyForex Unveils USD Global Forex Card with No Cross-Currency or ATM Withdrawal Fees

• BookMyForex has rolled out a single-currency Global Forex Card in USD.

• The card is designed to enable international payments without cross-currency fees or ATM withdrawal charges.

• Target Users:

  • International students.

  • Frequent global travelers.

  • Professionals engaged in international transactions.

WAVES 2025: Global Showcase for Media, Entertainment, and Technology

• The Media & Entertainment industry in India is one of the fastest-growing globally.

• WAVES 2025 aspires to establish India as a digital and cultural powerhouse by combining storytelling, innovation, and entrepreneurship.

• The inaugural World Audio Visual & Entertainment Summit commenced on May 1, 2025, at Mumbai’s Jio World Convention Centre.

• The event has attracted over 100,000 registrations from 60+ countries.

International News

PM Narendra Modi to Skip Moscow’s Victory Day; Rajnath Singh to Represent India

• Prime Minister Narendra Modi will not attend Russia’s Victory Day celebrations on May 9, 2025, in Moscow.

• Defense Minister Rajnath Singh will represent India instead.

• Though no official reason was provided, media reports speculate that the absence may be related to security concerns following a terrorist attack in Pahalgam, Jammu and Kashmir.

Appointment News

Sujata Chaturvedi Appointed as Member of UPSC

• Ms. Sujata Chaturvedi, a senior bureaucrat with over 30 years of service, has been appointed as a Member of the Union Public Service Commission (UPSC).

• Her professional journey spans roles in both state and central governments, including serving as Secretary in the Department of Sports.

• Her addition is viewed as strengthening the expertise within the UPSC.

Sunil Bharti Mittal Joins World Bank’s Private Sector Investment Lab

• Sunil Bharti Mittal, Chairman of Bharti Enterprises, has been inducted into the Private Sector Investment Lab of the World Bank.

• He joins other prominent leaders such as:

  • Bill Anderson (CEO, Bayer AG)

  • Aliko Dangote (CEO, Dangote Group)

  • Mark Hoplamazian (CEO, Hyatt Hotels)

• This team will contribute to the Lab’s next phase of global investment initiatives.

Kapil Dev Named Brand Ambassador of Sobo Mumbai Falcons for T20 Mumbai League

• Cricket legend Kapil Dev, who captained India’s 1983 World Cup-winning team, has been appointed as the brand ambassador of Sobo Mumbai Falcons.

• His role is expected to bring leadership and inspiration to the team’s debut season.

• The franchise believes Kapil Dev’s stature will motivate players and fans alike, enhancing the team’s reputation and performance.

Ranking & Index News

Bloomberg 2025: Ambani Tops Asia’s Wealthiest Families List

• Bloomberg has released its 2025 rankings of Asia’s Top 20 Wealthiest Families, with six Indian families featuring prominently.

• The Ambani family leads the list with a fortune of $90.5 billion (₹7.85 lakh crore), underscoring the dominance of India’s family-owned conglomerates.

Indian Families in Bloomberg’s Asia Wealth List (2025):

 Sports News

Pankaj Advani Dominates First Match at CCI Billiards Classic

• Pankaj Advani kicked off his campaign with an emphatic 860–170 victory against Tathya Sachdev in Mumbai.

• Advani showcased his prowess by compiling three century-plus breaks.

• Other First-Round Results:

  • Rishabh Thakkar defeated Hitesh Kotwani 495–313.

  • Rohan Jambusaria triumphed over Anurag Bagri 611–294.

 Obituaries News

Professor Sunny Thomas, Former National Shooting Coach, Passes Away at 83

• Professor Sunny Thomas, who coached India’s national shooting team during its golden era, has passed away at 83 years old at his residence in Uzhavoor, Kottayam.

• He was a multiple-time state champion and won the National Shooting Championship in 1976.

Dr. Mathew Samuel Kalarikal, Pioneer of Angioplasty in India, Passes Away at 77

• Dr. Mathew Samuel Kalarikal, celebrated as the father of angioplasty in India, died at 77 years old at Apollo Hospitals, Chennai.

• He was a trailblazer in interventional cardiology, transforming the way heart diseases are treated in India.

 Important Days

World Tuna Day 2025 – Observed on May 2

• World Tuna Day is commemorated every year on May 2.

• Established by the United Nations General Assembly, this day aims to promote awareness about the importance of tuna conservation.

• The focus is to advocate for sustainable fishing practices amid growing concerns about overfishing and species decline.