Current Affairs – 02 July 2024

Denmark Set to Impose World’s First Carbon Tax on Gassy Cattle

Denmark plans to implement a tax on livestock farmers starting in 2030, making it the first nation to do so. This initiative targets methane emissions from cows, sheep, and pigs, which are significant contributors to global warming. The goal is to achieve a 70 per cent reduction in Danish greenhouse gas emissions from 1990 levels by the year 2030.

South Korea, US, And Japan Launch First Trilateral Multi-Domain Exercise

Japan, the Republic of Korea, and United States began the inaugural execution of exercise Freedom Edge, a trilateral multi-domain exercise, June 2024. The execution of the exercise was announced at the Camp David Summit in August 2023 and at the Japan, ROK, and U S defense ministerial meeting, which took place in June during the Shangri-La Dialogue.

NCAER Projects Over 7% Growth for Indian Economy in Fiscal 2025

The National Council of Applied Economic Research (NCAER) forecasts India’s GDP to surpass 7% and possibly reach 7.5% in fiscal year 2024-25, citing resilient domestic economic indicators and favorable global conditions. High-frequency data shows robust economic activity, prompting upward revisions by all major agencies. Factors supporting this outlook include expected normal monsoons and a focused policy stance on investment and stability.

PM Gati Shakti Scheme is Transforming India’s Infrastructure: Morgan Stanley

In a recent report American multi-national investment bank and financial company Morgan Stanley has all praise for PM Gati Shakti scheme. The report highlights increased and more targeted investments, suggesting a continued emphasis on infrastructure spending in India’s future. Under PM Gati Shakti Yojana, 101 projects totaling Rs 609 billion have been identified so far for implementation in ports and shipping sectors.

Cricket Legend Kapil Dev Takes Helm of Indian Professional Golf

In a momentous development for Indian golf, Kapil Dev, the legendary cricketer and passionate amateur golfer, has been elected as the new president of the Professional Golf Tour of India (PGTI). This significant appointment marks a new chapter in the history of professional golf in India. Kapil Dev, popularly known as the “Haryana Hurricane” for his exceptional all-round cricketing skills, has been a long-time supporter of golf in India. His election to the PGTI President position comes after three years of dedicated service as Vice President and member of the organisation’s Governing Body.

National Doctor's Day 2024, Date, History and Significance

Every year on July 1st, India celebrates National Doctors Day, a day dedicated to recognising the invaluable contributions of doctors to the society. This day serves as a reminder of the selfless service and dedication of medical professionals who work tirelessly to ensure the health and well-being of the nation.

T20 World Cup 2024, India won the trophy

India beats South Africa by 7 runs and lifts the India lifts ICC T20 World Cup 2024 for 2nd time after 2007. After 11 long years, India has once again lifted the trophy at the T20 World Cup and emerged victorious against South Africa. The moment team India won the T20 World Cup 2024, numerous people took to various sites to express their excitement.

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