- The Global Alliance for Mass Entrepreneurship (GAME) and NITI Aayog have announced a strategic partnership aimed at fostering vibrant entrepreneurship ecosystems across multiple states in India.
- It refers to the widespread creation of small and medium-sized enterprises (SMEs) that generate jobs, economic growth, and social impact.
- It emphasizes inclusive business creation, enabling millions of individuals to become job creators rather than job seekers, unlike traditional entrepreneurship, which often focuses on high-growth startups. Read More
Home / Daily Current Affairs / 03-05-2025
Daily Current Affairs – 3 May, 2025
PDF 
- PM Modi said that Coastal States and port cities will become key growth centres for a developed India, during the commissioning of the Vizhinjam International Seaport in Kerala.
- The port economy refers to the economic activities and value generated through the functioning and development of ports, which serve as vital nodes in global trade and logistics networks.
- Ports facilitate the movement of goods and people, enable export-import operations, and support shipbuilding and repair. Read More
Port Economy to Drive India’s Growth
Context
What is the Port Economy?
- NITI Aayog released a report on improving Micro, Small, and Medium Enterprises (MSMEs) competitiveness in India.
- It is a key driver of India's industrial economy, with 5.93 crore registered enterprises employing over 25 crore people.
- In 2023-24, MSME-related products contributed 45.73% to India's total exports. Read More
Report on “Enhancing Competitiveness of MSMEs in India”
In News
India’s MSME sector
- India has intensified its efforts to combat terror financing and actively engage with international financial institutions to curb the misuse of such funds in supporting terrorist activities.
- India is urging institutions like the International Monetary Fund (IMF), World Bank, and Asian Development Bank (ADB) to review their financial aid to Pakistan to ensure that development funds are not diverted towards financing terrorism.
- India is advocating for Pakistan's re-entry into the Financial Action Task Force (FATF) grey list, emphasizing the need for stringent monitoring of its financial systems to prevent terror financing. Read More
Terror Financing
In News
More about the News
- Researchers from the University of California, have developed a new brain-computer interface that enables movement for people who are paralysed.
- A Brain-Computer Interface is a direct communication pathway between the brain’s electrical activity and an external device.
- Typically, BCIs are used to assist, augment, or repair human cognitive or sensory-motor functions. Read More
Brain-Computer Interface (BCI) to Enable Movement in People with Paralysis
Context
What is a Brain-Computer Interface (BCI)?
- The Archaeological Survey of India (ASI) has documented 11 new inscriptions in the Gundaram Reserve Forest near Peddapalli, Telangana.
- These inscriptions date from the 1st century BCE to the 6th century CE and provide crucial insights into the Satavahana period and the early cultural-political landscape of the Deccan region.
- Scripts and Language: The inscriptions are in early Brahmi script and Prakrit language. Read More
