News360 - Weekly CA Shorts (May First Week) | Weekly Current Affairs - May 2023

 Weekly Current Affairs - 1st May to 7th May , 2023

1. Reserve Bank of India removed restrictions on resident individuals from opening interest earning Foreign Currency Accounts (FCA) in International Financial Services Centres (IFSCs) for making investments under the Liberalised Remittance Scheme (LRS).

2. Razorpay joined with the e-commerce network Open Network for Digital Commerce (ONDC) a non-profit company set up by the Department for Promotion of Industry and Internal Trade (DPIIT) as an alternative for internet shopping.

3. Redington Limited and State Bank of India have partnered to offer Solar Loans of up to Rs. 5 crore at interest rates linked to rates that the bank charges its best customers .

4. State Bank of India is contemplating launching new variants of current account (with balances of 50,000 and 50 lakh) and Parivar savings account in FY24.

5. The " Singara Chennai Card " [ National Common Mobility Card NCMC) ] was introduced by Chennai Metro Rail Ltd.  in collaboration with State Bank of India.

6. RBI Governor Addresses Global Conference on Financial Resilience 

[ Theme - " Financial Stability : Framework, Monitoring and Implementation " ].

7. IndusInd Bank to launch digital bank " Indie " 

Note : Number of digital payment transactions in FY23 -  9,192 cr. 

8. Tesla Power USA Inks Pact With Indian Oil To Sell Batteries At Petrol Pumps [ The company has 36,000 petrol pumps in the country ].

9. MSME Minister Narayan Tatu Rane launches Revamped Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme in Mumbai, Maharashtra.

About Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) :

- Launched in August 2000

- Set up By Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI)

- Objective : To catalyse flow of institutional credit to Micro & Small Enterprises (MSEs).

10. Prime Minister Narendra Modi virtually inaugurated All India Radio's (AIR) 91 new 100 WFM Transmitters which have been installed in 85 districts across 18 States and 2 Union Territories to give a further boost to radio connectivity in India.

11. The Anji Khad cable stayed train bridge, the 96 cables on India's 1st cable stayed bridge connecting Katra and Reasi in Jammu and Kashmir (J&K) have been installed 

[ The cable stayed bridge portion is 473 metres long and has a total length of 725 metres ; The cost of over Rs. 400 crore ; The cable stayed train bridge crosses the Anji River, a tributary of the Chenab].

12. ITC Limited has overtaken Infosys Limited, an Indian multinational information technology company, to become India's 6th largest company, as per market capitalization.

13. According to the 2023 Special 301 Report, on the adequacy and effectiveness of the United States trading partners protection and enforcement of intellectual property rights (USTR ) , released by the Office of the United States Trade Representative, India is retained in the Priority Watch list of 2023

[ Along with India, Argentina, Chile, China, Indonesia, Russia and Venezuela are placed on the Priority Watch list in 2023 ; USTR reviewed more than 100 trading partners for this year's Special 301 Report, and placed 29 of them on the Priority Watch List or Watch List ].

14. The 68th edition of the Hyundai Filmfare Awards (Filmfare Awards 2023) took place at the Jio World Conventional Centre in Mumbai 

[The awards were first introduced in 1954 ; The Filmfare Awards are presented annually by The Times Group ].

15. The Dalai Lama personally received the 1959 Ramon Magsaysay Award [ The award was given in August 1959 by the Ramon Magsaysay Award Foundation in the Philippines ] from members of the Ramon Magsaysay Award Foundation at his residence .

Note : The Ramon Magsaysay Award, often called the " Nobel Prize of Asia " .

16. Vodafone Group Plc appointed Margherita Della Valle as the permanent CEO of Vodafone .

17. A Madhavarao , Director of Bharat Dynamics Limited , has been selected for the Post of Chairman and Managing Director of Bharat Dynamics Limited.

18. Pankaj Singh, the BJP MLA from Noida and son of Union Defence Minister Rajnath Singh, has been elected unopposed as the Cycling Federation of India president in the Annual General Body meeting in Nainital.

19. Australian Prime Minister Anthony Albanese announced that they will host the third in person Quad Summit on May 24 in Sydney

[ It will be attended by US President Joe Biden, Japanese PM Fumio Kishida and Prime Minister Narendra Modi ].

20. Arya.ag , India's largest Grain commerce platform of Aryatech Platforms Private Limited, made partnership with Shivalik Small Finance Bank (SFB) to drive financial inclusion for farmers and FPOs (Farmers Producers Organisations) through offering loans via Shivalik SFB under warehouse receipt finance.

21. According to the Asian Development Bank (ADB) Annual Report 2022 Pakistan got loans of USD 5.58 billion, making it the largest recipient of ADB funded programs/projects in 2022.

- ADB to fund Rs. 1,311.20 cr Tourism Projects in Himachal Pradesh ; The Asian Development Bank has approved a USD 130 million (over Rs. 1,072 crore) loan to Himachal Pradesh ; ADB Proposes up to $25 Billion Support to India’s Development Priorities.

22. NLC India Limited has signed a MoU with The Nature Conservancy Centre India (TNC India) to collaborate on research work pertaining to the repurposing of mined out lands for setting up of Renewable Energy projects .

23. People in Bengaluru experienced a unique astronomical phenomenon as their shadows disappeared from the surface ; the city experienced Zero Shadow Day at 12 : 17 pm as the Sun was overhead on 25th April , 2023 .

24. The Ministry of Housing and Urban Affairs (MoHUA) launches the " City Beauty Competition " and Portal . Through this portal, all the Urban Local Bodies (ULB) across India can participate in the competition via online process 

[ It was launched by the MoHUA in December 2022 ].

25. Canadian concrete waterproofing solutions provider, Xypex has announced the launch of its first production plant in India . The plant will be opened at Greater Noida, Uttar Pradesh.

26. The 7th edition of India and the United Kingdom (UK) bilateral training exercise " Ajeya Warrior " 2023 was planned to be conducted at Salisbury Plains, UK . It is a biennial training exercise of India and UK, which is conducted alternatively in the UK and India, the 6th edition was held at Chaubatia , Uttarakhand in October 2021.

27. The United Kingdom based Sanskrit Scholar, Dr. M.N. Nandakumara , Executive Director of the Bharatiya Vidya Bhavan centre in London, UK has been awarded the honorary " Member of the Most Excellent Order of the British Empire " (MBE) by King Charles III .

28. The Green Organization, London, United Kingdom (UK) presented the Green World Awards 2023, at Miami International Airport in the United States of America (USA) ; India's Vedanta Limited, Power Grid Corporation of India Limited (POWERGRID) and Chennai Metro Rail Limited (CMRL) received awards in various categories.

29. The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi has approved the appointment of Debadatta Chand as the new Managing Director (MD) and  Chief Executive Officer (CEO) of Bank of Baroda (BoB) 

[ He will succeed, Sanjiv Chadha the incumbent MD and CEO of BoB , who is set to retire on 30th June 2023 ].

- The ACC has also approved the appointment of Rajneesh Karnatak Executive Director (ED) of Union Bank of India as the MD and CEO of Bank of India (BoI) for a period of three years

[ He succeeds Atanu Kumar Das whose tenure as MD and CEO of BoI ended in January 2023 ].

30. Venkatasamy Jagannathan , Chairman and Chief Executive Officer (CEO) of Star Health and Allied Insurance Co Ltd, stepped down from his position as CEO.

31. Engineers at the Massachusetts Institute of Technology (MIT) Massachusetts, United States of America (USA) have designed a two component system - a combination of " Synthetic nanoparticles " and a " polymer " that can be injected into the body and help from blood clots at the sites of internal injury.

32. Shashi Shekhar Vempati , a former Chief Executive Officer (CEO) of Prasar Bharati , released his book titled , " Collective Spirit, Concrete Actions " focused on Mann Ki Baat.

33. " Pushkaram " is a festival celebrated in India once every 12 years, the 12-day Pushkaralu festival of Telugu speaking people commenced in Varanasi, Uttar Pradesh (UP) and it is dedicated to worshiping the 12 sacred rivers - Ganga, Yamuna, Narmada, Saraswathi, Godavari, Krishna, Kaveri, Bhima, Tapati, Tungabhadra, Sindhu and Pranhita .

34. Bank of India (BoI) announced the launch of a retail term deposit scheme for senior citizens named " Shubh Arambh Deposit ".

- The bank is providing a 7.15% interest rate on a 501 day term for the general public

[ With effect from 1st April 2023 ,the special FD scheme comes with an additional interest rate of 0.50% for senior citizens and 0.65% for super senior citizens ].

35. Markets regulator, Securities and Exchange Board of India (SEBI) came out with an advertisement code for investment advisers and research analysts whereby they have been prohibited from issuing statements which may mislead investors . 

The advertisements by Investment Advisers (IAs) and Research Analysts (RAs) should not contain superlative terms such as " best, No. 1, top adviser/research analyst, leading " . The new code, aimed at further strengthening the conduct of IAs and RAs, will come into force from May 1, 2023.

36. The United Kingdom and India signed an agreement to collaborate on science and innovation . The agreement between the two nations was signed after the meeting between the Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh and UK Science Minister George Freeman.

37. The Supreme Court modified its order of maintaining eco sensitive zones around national parks or wildlife sanctuaries . Supreme Court modified its June 2022 order of maintaining a 1 km eco sensitive zone (ESZ) around national parks or wildlife sanctuaries . 

Supreme Court in its modified order removed a complete ban on development and construction activities within ESZs . The order has been issued by a bench of Justices B.R Gavai Vikram Nath and Sanjay Karol.

38. Central government employees will now get 42 days special casual leave for organ donation . Presently, rules say a maximum of 30 days can be granted as special casual leave in any one calendar year.

39. Agriculture Minister Narendra Singh Tomar has launched the first of its kind " Millets Experience Centre (MEC) " at Dilli Haat in New Delhi . National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) has established the Millets Experience Centre in collaboration with the Agriculture Ministry.

Note : The United Nations General Assembly has declared the year 2023 as the International Year of Millets (IYM) 2023.

40. Prime Minister Narendra Modi has inaugurated NAMO Medical Education and Research Institute in Silvassa , Dadra and Nagar Haveli and Daman and Diu 

[ The foundation stone of NAMO Medical Education and Research Institute was also laid by the Prime Minister himself in January 2019 ].

-  The Prime Minister inaugurated the Devka Seafront in Daman . The 5.45 km Seafront built at a cost of around Rs. 165 crore is one of its kind coastal promenade in the country.

- PM Modi flagged off India's first water metro project in Kochi ; PM Modi inaugurated CBI's diamond jubilee celebrations ; PM Modi laid foundation stone for first Digital Science Park in Thiruvananthapuram ; PM Modi laid the foundation stone and dedicated to the nation various projects worth 10,900 crore rupees in Guwahati.

41. An Odisha born entrepreneur in the United Kingdom (UK) Biswanath Patnaik has pledged about Rs. 250 crores to a UK based charitable organisation Shree Jagannatha Society (SJS) UK, working on constructing the UK's first temple devoted to Bhagwan Jagannath in London .

42. Indian Navy's Surface warships are inducting the Naval Anti Drone System (NADS) developed by the Defence Research and Development Organisation (DRDO) with the support of the Indian Navy and manufactured by the Bharat Electronics Limited (BEL) . 

This is the first indigenously developed Naval Anti Drone System to be inducted into the Indian Armed Forces. This system uses a laser based kill mechanism for destroying the enemy target.

43. For the third year in a row, Tamil Nadu has topped the list of States with highest market borrowings . According to RBI's data, Tamil Nadu's gross market borrowings through State Development Loans (SDL) stood at Rs. 68,000 crore during April-February FY23 . Tamil Nadu stood on top of the borrowing table in the previous two fiscals too . The State borrowed Rs. 87,977 crore in FY21 and Rs. 87,000 crore FY22.

Top - 3 borrower among States in April February FY23 :

1. Tamil Nadu - Rs. 68,000 crore

2. Andhra Pradesh - Rs. 52,860 crore

3. Maharashtra - Rs. 50,000 crore

44. The government has appointed Siddharth Mohanty as the chairman of Life Insurance Corporation of India (LIC) till June 2024. Mohanty was serving as the interim chairman of the corporation from March 14 , 2023 . Also Chairman Siddhartha Mohanty will be the Managing Director (MD) and Chief Executive Officer (CEO) of the insurance giant from June 2024 to June 2025.

45. Justice Sarasa Venkatanarayana Bhatti has been appointed as the acting Chief Justice (CJ) of Kerala . He succeeded Justice S Manikumar who retired on 22nd April 2023.

46. Dubai based airline Emirates has unveiled the world's first robotic check-in assistant named " Sara " .

47. Union Minister of Finance and Corporate Affairs Nirmala Sitharaman has launched " Reflections " a book authored by eminent banker Narayanan Vaghul in Mumbai . The book carries a vivid account of Vaghul's experiences spanning decades in India's financial landscape.

48. HDFC Bank has launched " HDFC Bank Smart Saathi " a digital distribution platform which will help in connecting Business Correspondents and Business Facilitators to the bank . HDFC Bank Smart Saathi will enable its agents to offer over 40 banking products and services, including loan products, especially for rural customers.

49. According to latest shareholding data, Foreign investors holdings in many of the private sector banks went down marginally in FY23 as they pulled out Rs. 29,921 crore from the Banking and Financial Services sector, making it the 3rd highest loser of Foreign portfolio investment (FPI) money after IT (Information Technology) Services Rs. 51,138 crore and Oil & Gas Rs. 37,674 crore.

- FPIs holding in RBL Bank went down by 4% to 25% as of March 2023 quarter ; In IndusInd Bank too, FPIs have trimmed their exposure by 4% to 42.16% .

- In FY23 FPIs increased their stakes in Yes Bank (by 12%) , IDFC First Bank (by 6%) and Axis Bank ( by 2%).

50. India's biggest public sector bank, State Bank of India (SBI) collaborates with a startup, Garuda Aerospace Pvt Ltd (GAPL) with a view to making drone technology more accessible to the agricultural sector while also increasing efficiency in the sector's use of the technology.

51. According to the International Monetary Fund's (IMF) Regional Economic Outlook Asia and Pacific May 2023, growth in Asia and the Pacific is projected to increase to 4.6% in 2023 from 3.8% in 2022 . 

Asia and the Pacific region is expected to contribute around 70% of global growth in 2023 . The global economy is expected to grow by 2.8% in 2023 and 3% in 2024.

52. The International Financial Services Centers Authority (IFSCA) and IHub Data, IIIT (International Institute of Information Technology) Hyderabad signed a MoU at IIIT Hyderabad campus in Hyderabad , Telangana.

53. India will join the International Civil Aviation Organization (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and Long Term Aspirational Goals (LTAG) from 2027.

54. The Telangana Government has launched a Grand Challenge for Innovation to promote innovation in the food processing sector.

- The Telangana government is organising a Food Conclave - 2023 focussing on the opportunities in Green, White, Yellow, Blue, and Pink revolutions . The theme of the conclave is " Envisioning India's Decade in the Agri Food Sector ".

55. According to the 4th edition of World Economic Forum (WEF)'s bi-annual survey report , Future of Jobs Report 2023 Insight Report May 2023 , the Indian jobmarket is expected to expand by 22% over the next five years with top job creation from the artificial intelligence, machine learning and data segments.

- The survey report included 803 companies, which combined employ more than 11.3 million people across 45 economies from across the globe and 27 sector clusters.

- Globally, the job market is estimated to expand at 23% with 69 million new jobs expected to be created over the next 5 years.

56. UK (United Kingdom) based Indian origin actor, writer Meera Syal has been presented a BAFTA (British Academy of Film and Television Arts) Fellowship, the highest accolade granted annually by the BAFTA.

57. A former Member of Parliament, Pandit Ramkishan was honoured with the title of " Shatabdi Purush (Man of the Century) "  to recognise his efforts as a socialist leader during the event organised to mark the birth centenary celebrations of Madhu Limaye in New Delhi.

58. Canada based Brookfield Asset Management has acquired a 51% stake in 4 commercial properties Rostrum Realty Private Limited, a real estate joint venture firm, in which Bharti Enterprises Limited will hold the balance of 49% .

59. In the Badminton Asia Championship 2023 the Indian pair of Chirag Shetty and Satwiksairaj Rankireddy won the men's doubles title, held in Dubai . They defeated Malaysian pair Teo Ee Yi and Ong Yew Sin in the final.

Note : This was India's second ever Badminton Asia Championships title after Dinesh Khanna in 1965.

60. Retired Indian Administrative Service (IAS) officer Amitabh Kant, who served as Chief Executive Officer (CEO) of the NITI Aayog 2016-2022 has authored a new book titled " Made In India : 75 Years of Business and Enterprise " published by the Rupa Publications India.

61. Airtel Payments Bank collaborated with the National Payments Corporation of India (NPCI) to roll out Face Authentication for Aadhaar enabled Payment System (AePS) at its 5 lakh banking points to drive financial and digital inclusion.

62. Pine Labs India announced the acceptance of the digital Rupee or central bank digital currency (CBDC) on its PoS (point-of-sale) terminals across key retail outlets in Mumbai and Bengaluru in partnership with ICICI Bank.

- ICICI Prudential Life Insurance launched " ICICI Pru Gold " .

63. Dvara SmartGold Private Limited has entered into a strategic partnership with Bengaluru based Jana Small Finance Bank (SFB) to offer gold loans to its customers in Tamil Nadu, Chhattisgarh and Maharashtra.

64. Bharti Airtel Limited (Airtel) and Dialog Axiata PLC, Sri Lanka's largest telecommunications service provider, signed a binding term sheet for the merger of their Sri Lankan subsidiaries.

65. The Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants in England and Wales (ICAEW) have renewed their Memorandum of Understanding (MoU) which will open opportunities for the appropriately qualified members of both the institutes 

[ The 1st MoU between the two Institutions, which established the relationship between ICAI and ICAEW, was signed in 2008].

66. The Indian Army's (IA) Military Engineer Services Jhansi in Uttar Pradesh signed a MoU with Indian Institute of Technology Kanpur, UP to convert IA's stations/cantonments into carbon neutral campuses.

- IIT Bombay, UIDAI join hands to develop touchless biometric.

- IIT Roorkee signs MoU with Taiwan's NCDR to Develop Tech Solutions for Earthquakes & Floods.

67. Council of Scientific and Industrial Research (CSIR) and Directorate of Defense Research and Development (DDR&D) , Ministry of Defense of the State of Israel, signed a Multi-Sectoral MoU on Industrial Research and Development Cooperation focusing on several key technology areas.

68. The Government of India blocked 14 messenger mobile applications widely used in Jammu and Kashmir for spreading terror . The ban on these apps has been implemented under Section 69A of the Information Technology Act, 2000.

69. IIT Kanpur's C3iHub, a cybersecurity Technology Innovation Hub, formally inaugurated its Cybersecurity Skilling Programme with support from the Department of Science and Technology, Government of India, under the National Mission on Interdisciplinary Cyber Physical Systems (NM-ICPS) .

70. Maharashtra Deputy Chief Minister Devendra Fadnavis has unveiled a statue of Maratha warrior king Chhatrapati Shivaji Maharaj in Mauritius . Devendra Fadnavis also announced a grant of 44 million Mauritius rupees for building a multi purpose hall and a scholarship for 10 students.

71. The Russian based company Sberbank launched its own Al chatbot " GigaChat " to compete with OpenAI's ChatGPT.

72. BharatPe , a fintech in the payment space, has acquired a 51% stake in Mumbai- based Trillionloans Fintech Private Limited, a non banking financial company (NBFC).

73. Vantika Agrawal is the new Indian Women No. 3 in Chess and the 11th Indian women to achieve the International Master title.

74. India has participated in the inaugural edition of the ASEAN - India Maritime Exercise with its two frontline warships - INS Satpura and INS Delhi . 

The harbor phase of the exercise is scheduled to be held at the Changi Naval Base (Singapore) from May 2 to 4 while the sea phase will be conducted from May 7 to 8 in the South China Sea.

75. Mahatma Gandhi's 5th Grandson Arun Manilal Gandhi, the 89 year old author and socio-political activist, passed away at Kolhapur in Maharashtra.

Books of Arun Manilal Gandhi :

" Kasturba : A Life " (2000) , " The Forgotten Woman : The Untold Story of Kasturba Gandhi, Wife of Mahatma Gandhi (2016) and " The Gift : Ten spiritual lessons for the modern world from My Grandfather, Mahatma Gandhi " (2018).

76. Cashfree Payments have partnered with Yes Bank to offer 'Global Collections' an international collection service for Indian exporters with Yes Bank account, to simplify the way Indian exporters receive payments from across the world.

- The partnership will enable the Yes Bank account holders to collect payments in over 30 foreign currencies using the Global Collections service.

- It also enables global collections in over 30 foreign currencies up to the equivalent of US$ 10,000 in line with the Reserve Bank of India's Online Payment Gateway Service Providers (OPGSP) guidelines

[ YES Bank has collaborated with National E-Governance Services Limited (NeSL) to issue its first electronic Bank Guarantee (e-BG) ].

77. Axis Bank and India Shelter Finance Corporation Ltd (IndiaShelter) have entered into a strategic partnership under the co-lending model to offer secured MSME (Micro, Small and Medium Enterprises) loans to middle and low income borrowers in semi urban areas.

- Axis Bank launched a groundbreaking payment solution called Micropay by Razorpay and MyPinpad in association with technology partners Ezetap.

78. The Ministry of Housing and Urban Affairs (MoHUA) signed a Memorandum of Understanding (MoU) with RITES Limited for technical assistance for Solid Waste Management (SWM) and Used Water Management (UWM) under Swachh Bharat Mission Urban (SBM-U) 2.0 .

79. The Union Ministry of Agriculture Farmers Welfare, Government of India, has set a target of 332 million (3320 lakh) tonnes of production of foodgrains for the 2023-2024 crop year (July 2023 - June 2024).

- MoA&FW's target includes the production of 29.25 MT of pulses, 44 MT of oilseed and 17 MT of millets.

80. Indian Institute of Foreign Trade (IIFT) , New Delhi has celebrated its Diamond Jubilee on its 60th Foundation Day on 3rd May . 

On the occasion, Vice Chancellor of IIFT Prof. Satinder Bhatia released the commemorative issue of Foreign Trade Review (FTR) Journal . The Indian Institute of Foreign Trade (IIFT) was established in 1963 as an autonomous body under the Union Ministry of Commerce Industry to contribute in the skill building for the external trade sector of India .

81. Union Minister Parshottam Rupala Ministry of Fisheries, Animal Husbandry and Dairying, launched a Veterinary Council of India portal at Vigyan Bhawan, New Delhi .

82. According to the latest report released by global media watchdog Reporters Without Borders (RSF) India's ranking in the 2023 World Press Freedom Index has slipped to 161 out of 180 countries . In the year 2021, India ranked 142 on the press freedom index which came down to 150 last year.

- The top five countries with the highest press freedom are - Norway (1st), Ireland (2nd), Denmark (3rd), Sweden (4th) and Finland (5th), with Norway maintaining its lead for the seventh year in a row.

- The bottom three countries with the lowest press freedom are all from Asia - Vietnam (178th), China (179th) and North Korea (180th).

83. Australia's flagship carrier, Qantas has named its finance chief Vanessa Hudson as its new chief executive officer (CEO) , making her the first woman to lead the airline.

84. An economist from Paraguay's ruling conservative Colorado party Santiago Peña won the country's presidential election.

85. Anuj Tyagi, Deputy Managing Director (DMD) of HDFC ERGO, has been promoted as Joint Managing Director (MD) of HDFC ERGO General Insurance Company Limited.

86. The Competition Commission of India (CCI) approves the acquisition of the shareholding of Tower Vision India Private Limited (Tower Vision) by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd (GIP EM)

[ The Proposed Combination is being notified under Section 6(2) read with Section 5 of the Competition Act, 2002 (as amended) ].

- The CCI also approves acquisition by Sanjay Chamria of certain equity shares of Jaguar Advisory Services Private Limited (Jaguar), resulting in an indirect acquisition of certain equity shares of Magma HDI General Insurance Company Limited (Magma HDI).

87. Andhra Pradesh CM YS Jagan Mohan Reddy laid the foundation stone for Rs. 4,592 crore International Greenfield Airport at Bhogapuram village in Vizianagaram district, AP.

- AP CM YS Jagan Mohan Reddy also inaugurated multiple projects on 3rd May 2023, including 

(i) A Rs 4,592 crore International Greenfield Airport at Bhogapuram village in Vizianagaram district, AP.

(ii) The foundation stone for the Rs 194 crore Taraka Rama Sagaram project in Vizianagaram district of AP.

(iii) The foundation stone for the Rs 24 crore Chintapalli Fish Landing Centre in Vizianagaram district of AP.

88. American track and field athlete Tori Bowie, who won 3 medals in the Olympic Games, passed away in Horizon West, Florida, United States of America . 

Tori Bowie began her professional track and field career in 2013 and made her international debut at World Indoor Championships in Sopot in 2014 in Long Jump . She won her 1st major international medal (Bronze) in a 100 meter at the 2015 World Championships in Beijing, China.