Daily Current Affairs 08th May 2025: Your guide for daily General Knowledge Preparation
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This post contains daily current affairs 08th May 2025. It includes all National, International, Business & Sports related current affairs 08th 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 08th May, 2025 Current affairs test.
National News
62nd Executive Committee Meeting of NMCG Sanctions Key Projects for Ganga Rejuvenation
The National Mission for Clean Ganga (NMCG) held its 62nd Executive Committee meeting, chaired by Shri Rajeev Kumar Mital.
During this session, multiple initiatives aimed at restoring the Ganga River and preserving its ecosystem received approval.
These projects are part of the larger Namami Gange Mission, focusing on sustainable strategies including the protection of wetlands and the reuse of treated wastewater to promote environmental sustainability and efficient water resource management.
IIFT to Establish New Campus at GIFT City, Gujarat
The Indian Institute of Foreign Trade (IIFT) has received a green light from the Ministry of Education to inaugurate an off-campus centre in GIFT City, located in Gandhinagar, Gujarat.
This move supports the goals of the National Education Policy (NEP) 2020, advocating for a multidisciplinary approach to education.
The new campus will facilitate enhanced access to high-quality trade education and foster global competitiveness among Indian students.
₹60,000 Crore Modernisation Plan Approved for ITIs Alongside Creation of Five National Centres of Excellence
The Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has sanctioned a significant Centrally Sponsored Scheme worth ₹60,000 crore.
This initiative aims to revamp 1,000 government-run Industrial Training Institutes (ITIs) and set up five National Centres of Excellence for advanced skill development over a span of five years.
The scheme is projected to train approximately 20 lakh young individuals, aligning vocational training programs with current industry requirements.
Cabinet Gives Nod to Revised SHAKTI Policy Featuring Two-Tier Coal Linkage System for Power Plants
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has endorsed a new version of the SHAKTI Policy, which governs coal linkages for thermal power plants.
The revamped structure includes:
Window–I: Coal supply at government-notified prices.
Window–II: Auction-based linkages that operate with a premium, offering flexibility in allocation.
The update is designed to streamline the coal allocation process for Central and State government power generators, as well as private Independent Power Producers.
Banking News
Moody’s Lowers India’s GDP Forecast for 2025 to 6.3%
Moody’s Investors Service has revised India’s GDP growth estimate for the year 2025, reducing it from the previously projected 6.6% to 6.3%.
The adjustment is primarily due to evolving policy dynamics and heightened trade-related uncertainties, especially those stemming from economic frictions between powerful nations like the United States and China.
Additionally, geopolitical tensions, particularly those involving Pakistan, are seen as potential risks that could further impact India’s economic performance.
International News
Maldives Unveils $8.8 Billion Plan for Financial Free Zone in Male
The Maldivian government has announced an ambitious plan to develop the Maldives International Financial Centre (MIFC) in its capital, Malé, with a total investment of $8.8 billion.
The MIFC project is a collaborative effort with MBS Global Investments, a Qatari-owned firm.
Targeted for completion by 2030, the financial centre is envisioned as a sustainable Freezone aimed at transforming the Indian Ocean region into a vibrant business hub.
The centre will be designed to attract international financial entities, fintech startups, and remote-working professionals (digital nomads).
Romanian PM Marcel Ciolacu Steps Down Following Nationalist Win
Marcel Ciolacu, Prime Minister of Romania, has submitted his resignation and the Social Democrat Party (PSD) has exited the coalition government.
This political shake-up follows the victory of George Simion, the nationalist leader of the Alliance for the Unity of Romanians (AUR), in the first round of presidential elections.
Election results include:
George Simion leading with 40.96% of the vote.
Reformist candidate and Bucharest Mayor, Nicusor Dan, trailing with 20.99%.
Friedrich Merz Becomes New Chancellor of Germany
Friedrich Merz has been elected as Germany’s new Chancellor after winning the required majority in the second round of parliamentary voting.
He received 325 votes out of 630, surpassing the minimum threshold of 316.
In the initial round, Merz had only secured 310 votes, marking a rare setback in Germany’s post-World War II political history.
Prime Minister Narendra Modi extended his congratulations to Merz and emphasized strengthening the India-Germany Strategic Partnership.
Defence News
India Conducts Operation Sindoor Against Terror Camps in Pakistan and PoK
The Indian Army, Air Force, and Navy executed a coordinated military operation, dubbed “Operation Sindoor,” targeting terrorist camps in Pakistan and Pakistan-occupied Kashmir (PoK).
The operation was carried out in retaliation for the April 22 terrorist attack in Pahalgam, which resulted in the deaths of 26 individuals, including a Nepali citizen. Most of the victims were targeted based on their religious identity.
Lasting a mere 25 minutes, from 1:05 AM to 1:30 AM IST, the mission demonstrated India’s advanced military coordination and precision.
Science & Technology News
Paras Defence Partners with Heven Drones of Israel to Manufacture Advanced Drones in India
Paras Defence and Israel-based Heven Drones have signed a Memorandum of Understanding (MoU) on May 6, 2025, to create a joint venture for drone manufacturing in India.
The collaboration will operate under the name “Paras Heven Drones India.”
The joint venture will specialize in building logistics and cargo drones capable of carrying payloads between 10 kg and 40 kg.
Ownership of the venture is structured as 51% for Paras Defence and 49% for Heven Drones.
Texas Approves Starbase as an Official City for SpaceX Operations
Starbase, previously known as Boca Chica, is now officially recognized as a city in Texas.
Situated near Brownsville in the Rio Grande Valley, the site houses the SpaceX launch facility.
SpaceX is rapidly expanding the area into a large-scale manufacturing complex, including significant infrastructure and residential facilities.
Airtel Africa Joins Hands with Starlink to Broaden Satellite Internet Coverage
Airtel Africa has entered into a strategic partnership with SpaceX to offer Starlink’s satellite-based internet services.
The collaboration aims to bring high-speed satellite connectivity to remote and underserved communities throughout the African continent.
This partnership is expected to revolutionize communication access across rural regions by leveraging Starlink’s advanced satellite technology.
Sports News
China Clinches 14th Sudirman Cup, Maintains Badminton Supremacy
In the 2025 Sudirman Cup final held in Xiamen, China defeated South Korea 3–1 to secure their 14th world mixed team title.
Despite South Korea’s star player An Seyoung maintaining her unbeaten streak, China’s deep and well-balanced squad proved superior.
With this victory, China has now won 14 out of 18 editions of the prestigious BWF World Mixed Team Championship, reinforcing their legacy in international badminton.
Important News
World Red Cross and Red Crescent Day 2025 – May 8
Observed annually on May 8, World Red Cross and Red Crescent Day is commemorated to honor the foundational principles and global unity promoted by the Red Cross Movement.
The occasion was inspired by findings of an International Commission formed during the 14th International Conference on the Red Cross.
The day aims to increase public understanding of the humanitarian efforts and distinct mission of the Red Cross and Red Crescent organizations.
World Thalassaemia Day 2025 – May 8
Celebrated every year on May 8, World Thalassaemia Day serves to raise awareness about the challenges faced by individuals with this inherited blood disorder.
The theme for 2025 is: “Together for Thalassaemia: Uniting Communities, Prioritizing Patients.”
The day underscores the importance of supporting patients and fostering collaborative efforts to improve their quality of life.
