Daily Current Affairs 03rd May 2025: Your guide for daily General Knowledge Preparation
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This post contains daily current affairs 03rd May 2025. It includes all National, International, Business & Sports related current affairs 03rd 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 03rd May, 2025 Current affairs test.
National News
India Leads Global Discourse on Chemical and Waste Management at BRS COPs 2025
At the Basel, Rotterdam, and Stockholm (BRS) Conventions COPs held in Geneva from April 30 to May 1, 2025, India reaffirmed its prominent role in environmental policy.
Union Environment Minister Bhupender Yadav led India’s delegation, highlighting the nation’s regulatory measures in chemical and waste governance.
India advocated for global access to financial resources, technological support, and collective action to curb plastic pollution.
The conference theme was: “Make visible the invisible: Sound management of chemicals and wastes.”
Amit Shah Dedicates Statue of Bodo Icon Bodofa Upendranath Brahma
Union Home Minister Amit Shah unveiled a 9-foot statue of Bodofa Upendranath Brahma in the national capital.
A road and a traffic rotary were also named after Brahma to honor his legacy on the 35th anniversary of his death.
Brahma is remembered as a revered Bodo leader who championed peaceful activism for tribal identity and rights.
Madhya Pradesh Introduces India’s First AI-Powered Real-Time Forest Monitoring System
Madhya Pradesh has pioneered the launch of India’s first artificial intelligence-driven forest alert mechanism.
This system integrates satellite imagery, AI-based algorithms, and mobile data from field agents to identify issues like deforestation and land misuse.
The initiative is currently being piloted in five forest divisions: Shivpuri, Guna, Vidisha, Burhanpur, and Khandwa.
Banking News
Deloitte Forecasts India’s GDP Growth for FY25 at 6.5–6.7% Driven by Domestic Factors
Deloitte has predicted that India’s GDP will grow between 6.5% and 6.7% in the fiscal year 2025.
This growth projection is underpinned by robust domestic demand and supportive tax-related incentives, despite the challenging international trade landscape.
For the fiscal year 2026, Deloitte anticipates a slightly moderated GDP growth in the range of 6.3% to 6.5%.
The economic outlook depends on how well India manages foreign trade partnerships while simultaneously boosting domestic consumption.
Appointments News
Sanjay Khanna Becomes CMD of BPCL Succeeding G. Krishnakumar
Sanjay Khanna has been assigned the additional responsibility of Chairman and Managing Director (CMD) of Bharat Petroleum Corporation Ltd (BPCL).
This follows the conclusion of G. Krishnakumar’s term on April 30, 2025.
Previously, Khanna served as Director (Refineries) and has overseen major projects at BPCL’s Kochi and Mumbai refineries.
Neeraj Kumar Gupta Appointed as Chairman and PID of NSE International Exchange
Former IAS officer Neeraj Kumar Gupta has been appointed as the Chairman and Public Interest Director of NSE International Exchange (NSE IX).
The International Financial Services Centres Authority (IFSCA) approved his position on the NSE IX Governing Board, effective April 1, 2025.
Gupta retired in 2018 as Secretary of the Department of Investment & Public Asset Management, Ministry of Finance.
He also completed a tenure as Central Information Commissioner, concluding his service in 2023.
India Nominates M. Revathi for Leadership Role at ITU’s Radiocommunication Bureau
M. Revathi, currently Joint Wireless Advisor at the Department of Telecommunications (DoT), has been nominated as India’s candidate for Director of the Radiocommunication Bureau at the International Telecommunication Union (ITU).
If elected, Revathi would be the first woman and the first representative from ITU’s Region E (Asia/Australasia) and Region D (Africa) to assume this role.
This nomination reflects India’s growing prominence in global telecom governance, further emphasized by the successful hosting of WTSA in New Delhi in October 2024.
Mous & Agreement News
GAIL and CONCOR Sign MoU to Explore LNG Use in Rail Logistics
GAIL (India) Limited and Container Corporation of India (CONCOR) have entered into a memorandum of understanding (MoU).
The MoU aims to evaluate the feasibility of deploying Liquefied Natural Gas (LNG) as a fuel alternative for CONCOR’s rail-based container transport operations.
Ranking & Index News
India Ranks as World’s 4th Largest Economy in IMF’s April 2025 Report
The International Monetary Fund (IMF) has listed India as the fourth-largest global economy in its April 2025 World Economic Outlook.
India’s GDP stands at $4.39 trillion, maintaining its spot behind Germany and ahead of Japan.
Despite a slight downward revision, India is projected to grow at a rate of 6.2% in 2025, keeping its title as the fastest-growing major economy.
Top 10 Economies in 2025 (as per IMF estimates):
| Rank | Country | GDP (USD) | Projected Growth | GDP per Capita (USD) |
|---|---|---|---|---|
| 1 | United States | $30.34 trillion | 2.70% | $30,510 |
| 2 | China | $19.53 trillion | 4.60% | $19,230 |
| 3 | Germany | $4.92 trillion | 0.80% | $4,740 |
| 4 | India | $4.39 trillion | 6.20% | $4,190 |
| 5 | Japan | $4.27 trillion | 0.70% | $4,190 |
| 6 | United Kingdom | $3.73 trillion | 1.60% | $3,840 |
| 7 | France | $3.28 trillion | 0.80% | $3,210 |
| 8 | Italy | $2.46 trillion | 0.70% | $2,420 |
| 9 | Canada | $2.33 trillion | 2.00% | $2,230 |
| 10 | Brazil | $2.31 trillion | 2.20% | $2,130 |
Maharashtra, Gujarat, Karnataka Lead CareEdge State Rankings 2025
Maharashtra, Gujarat, and Karnataka have been ranked as the top three Indian states in CareEdge Ratings State Ranking 2025.
The rankings assess performance across seven pillars: economic, fiscal, infrastructure, financial development, governance, social, and environmental factors, using 50 indicators.
Key Highlights:
Maharashtra: Ranked 1st overall for excellence in economic, fiscal, financial, and social sectors.
Gujarat: Commended for industrial investments, high per capita GSDP, and significant FDI inflows.
Karnataka: Secured 3rd position for balanced achievements in environmental sustainability and governance.
Goa: Emerged as the top small state, especially in fiscal strength and infrastructure quality.
The analysis underscores western states’ industrial strength and southern states’ governance and environmental leadership.
Tamil Nadu Emerges as Top Textile Exporter in FY 2024-25
Tamil Nadu has retained its lead in textile exports, contributing $7.99 billion, accounting for 26.81% of India’s total textile exports worth $36.61 billion.
This marks a notable jump from its 20.78% share in the previous fiscal year.
Tiruppur Knitwear Hub: Played a significant role with exports of ₹40,000 crore ($4.69 billion), bolstered by global buyers shifting away from Bangladesh as GSP benefits end in 2027.
Gujarat and Maharashtra secured 2nd and 3rd places respectively in textile exports.
Sports News
MMA Makes Asian Games Debut in 2026, Cricket Secured Again
The Olympic Council of Asia has sanctioned Mixed Martial Arts (MMA) as a competitive sport in the 2026 Asian Games in Japan.
Cricket will also be featured again in the T20 format for both men and women.
Event Details:
Date & Venue: To be held from September 19 to October 4, 2026, across Aichi and Nagoya, Japan.
MMA Debut: Includes six medal events; marks a milestone for combat sports in Asia, especially popular in countries like India.
Cricket’s Return: Reinstated after its last inclusion in 2023, marking its fourth overall appearance.
Combat Sports Expansion: MMA joins existing disciplines like jujitsu and kurash, diversifying medal opportunities.
Rising Stars: Indian UFC fighters Anshul Jubli and Pooja Tomar symbolize the region’s growing prominence in MMA.
Global Reach: Cricket’s inclusion in Paris 2024 Olympics supports its expansion on the world stage.
Obituaries News
Veteran Politician Girija Vyas Passes Away at 79
Senior Congress leader and former Union Minister Girija Vyas passed away at the age of 79.
She suffered burn injuries during a Gangaur Puja celebration at her home in Udaipur on March 31.
Important Days
World Press Freedom Day 2025 Observed on May 3
Celebrated annually on May 3, World Press Freedom Day highlights the importance of free expression and press rights.
Established by the UN General Assembly in December 1993, following a recommendation from UNESCO’s 26th General Conference.
The day also honors journalists who have lost their lives in the pursuit of news.
