Current Affairs Digest: October 25, 2023

Introduction

Current affairs are the lifeblood of any competitive exam, and staying updated is crucial for success. This blog article aims to provide you with a comprehensive roundup of the most important current affairs for October 25, 2023. The information has been sourced from Bankers Adda and is presented in bullet points under various subheadings for easy consumption. Let's dive in!

Business News

Euro Zone PMI Hits Lowest In Nearly 3 Years

• Euro Zone businesses faced a setback this October due to a drop in demand.
• The Purchasing Managers’ Index (PMI) for the region fell sharply.
• Geopolitical tensions in the Middle East and Ukraine add to global economic uncertainties.

ONGC Secures Bid To Purchase PTC’s Wind Power Division

• Oil and Natural Gas Corporation (ONGC) secured a bid to acquire PTC India Ltd’s wind power unit for Rs 925 crore.
• ONGC aims to achieve zero carbon emissions by 2038.
• The company has pledged to invest Rs 2 lakh crore for renewable energy capacity.

Economy News

India To Surpass Japan In 2030

• India’s GDP is predicted to reach $7.3 trillion by 2030.
• This will make India the second-largest economy in the Asia-Pacific region.
• India's GDP expanded by 7.8% year-on-year from April to June 2023.

Important Days News

World Development Information Day 2023

• Celebrated on October 24th each year by the United Nations.
• The day aims to draw attention to pressing global development issues.
• It also seeks to foster greater awareness among the youth.

Global Media And Information Literacy Week 2023

• Observed from October 24 to 31 every year.
• The theme for 2023 is “Media and Information Literacy in Digital Spaces: A Collective Global Agenda.”

UN Disarmament Week

• Celebrated from October 24 to 30, 2023.
• Organized by the United Nations Office for Disarmament Affairs (UNODA).
• Aims to raise awareness of the significance of disarmament.

Science & Technology News

Skyroot Aerospace Unveils Vikram-1 Rocket

• Union Minister of Science and Technology, Dr. Jitendra Singh, unveiled Skyroot’s Vikram-1 orbital rocket.
• The rocket has a payload capacity of approximately 300 Kg to Low Earth Orbit.
• Skyroot also inaugurated its new global headquarters in Hyderabad, named MAX-Q.

Additional Insights

The Importance of Renewable Energy Investments

The ONGC's bid to acquire PTC India Ltd’s wind power unit is a significant step towards achieving India's renewable energy goals. It also aligns with global efforts to combat climate change. The company's ambitious goal to achieve zero carbon emissions by 2038 sets a precedent for other corporations to follow.

The Rise of India's Economy

India's projected GDP growth to $7.3 trillion by 2030 is a testament to the country's economic resilience and potential. This growth could have far-reaching implications, not just for India but for the global economy as well. It's a sign of shifting economic power dynamics in the Asia-Pacific region.

The Role of Information Literacy

The theme of Global Media And Information Literacy Week 2023 emphasizes the importance of digital literacy in today's world. As information is increasingly disseminated through digital channels, being media and information literate is more crucial than ever.

Now take the following current affairs quiz to test your knowledge

Current affairs quiz - 25 October 2023