National News

Decision to Grant Honorary Promotion of One Rank Up

• The Ministry of Home Affairs has taken a historic decision to grant an honorary promotion of one rank higher on the day of retirement to personnel of the Central Armed Police Forces (CAPF) and Assam Rifles (AR) who retire below the officer rank (from Constable to Sub-Inspector).

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‘Viksit Krishi Sankalp Abhiyan’

• Union Minister of Agriculture and Farmers’ Welfare, Shivraj Singh Chouhan, formally launched the nationwide ‘Viksit Krishi Sankalp Abhiyan’ on 29th May 2025 from Puri district of Odisha.
• This campaign will run from 29th May to 12th June 2025 and will be organized across more than 700 districts in the country.

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Economy and Banking

‘Annual Business Summit 2025’ Organized

• The ‘Annual Business Summit 2025’ was organized on 29–30 May 2025 in New Delhi.
• This summit provides a platform for the country’s key policymakers, industry leaders, and thinkers to discuss India’s economic direction and development.

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Three PSUs Granted 'Miniratna' Category-I Status

• Defence Minister Rajnath Singh has approved the granting of 'Miniratna' Category-I status to three defence public sector undertakings (PSUs).

These three companies are:

International News

Elon Musk Resigns from DOGE Post

• Elon Musk, who served as the head of the Department of Government Efficiency (DOGE) and advisor in former U.S. President Donald Trump's administration, resigned from his post on 29th May 2025.
• Musk announced his resignation on social media platform ‘X’, thanked Trump, and stated that he was honored to have had the opportunity to work on reducing government expenditure.

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Reports and Indexes

"Women at the Heart of India’s Digital Evolution"

• TeamLease Digital has released a report titled "Women at the Heart of India’s Digital Evolution", which highlights a significant increase in women’s participation in tech roles within non-tech sectors in India.
• The report underscores the growing role of women in driving India’s digital progress.

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RBI Annual Report 2024–25

• According to the Annual Report of the Reserve Bank of India (RBI), India’s real GDP growth for the financial year 2025–26 is projected at 6.5%, which would keep India as the world’s fastest-growing major economy.

Reserve Bank of India (RBI):

Important Days

Goa Statehood Day

• Goa celebrates its Statehood Day every year on 30th May. On 30th May 1987, Goa was granted statehood and became the 25th state of India, transitioning from a Union Territory.
• Earlier, Goa was liberated from Portuguese rule on 19th December 1961, a day commemorated as Goa Liberation Day.

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International Day of the Potato

• The International Day of the Potato is celebrated annually on 30th May.
• The United Nations General Assembly officially declared this day in December 2023 to raise awareness about the nutritional, economic, environmental, and cultural importance of the potato.

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International Everest Day

• International Everest Day is celebrated every year on 29 May.
• This day is dedicated to the memory of the first successful ascent of Mount Everest, which was completed on 29 May 1953 by Sir Edmund Hillary of New Zealand and Tenzing Norgay Sherpa of Nepal.

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Hindi Journalism Day

• Hindi Journalism Day is observed every year on 30th May to commemorate the beginning of Hindi-language journalism in India and to honor its contribution.
• Hindi journalism began on 30th May 1826, when Pandit Jugal Kishore Shukla published the first Hindi newspaper, ‘Udant Martand’, from Kolkata.