Current affairs 03 June 2023

India defeated Pakistan to win Junior Men's Asia Cup Hockey in 2023.

• The Indian hockey team defeated Pakistan in the final of the Men's Junior Asia Cup 2023, held at the Sultan Qaboos Youth Complex Stadium in Salalah, Oman.
• This was India’s fourth title at Men's Junior Asia Cup, after winning in 2004, 2008, and 2015.
• With this title win, India has become the most successful country in the history of the Men's Junior Asia Cup.
• While Pakistan is the second-most successful team in the tournament with three titles.

India’s GCC market size to hit $60 billion by 2025: Report.

• According to the report titled GCC 4.0 – India Redefining the Globalization Blueprint, released by NASSCOM – Zinnov, India's Global Capability Centre (GCC) ecosystem will expand with over 1,900 GCCs and a market size of $60 billion by 2025.
• As of FY23, India is home to 1,580 unique GCCs, with several global MNCs opting to establish their first global center outside of their headquarters in India.
• The GCC market size in FY 23 was $46 billion.

India’s Esow Alben wins bronze medal in Bahnen-Tournee cycling 2023.

• Indian cyclist Esow Alben has bagged the bronze medal in the elite men's keirin event at a UCI Class 1 Event-Finale Bahnen-Tournee 2023 cycling competition in Germany.
• He has also listed himself in being the first cyclist from India to participate in the UCI Champions League.
• Alben was also the first Indian who won a medal in a cycling world championship.
• Apart from Alben, Indian cyclist Ronaldo Singh Laitonjam finished 10th in the men’s sprint event at Germany meet.

Union Minister For Jal Shakti launched portal for GOBARdhan.

• The Minister for Jal Shakti, Gajendra Singh Shekhawat has launched the Unified Registration Portal for GOBARdhan.
• Aim: One-stop repository to assess investment and participation in the Biogas/CBG sector at the pan India level and streamline the process of setting up CBG/Biogas plants.
• GOBARdhan refers to Galvanizing Organic Bio-Agro Resources Dhan.
• It is an initiative of the Government of India, that aims to convert waste to wealth towards promoting a circular economy.

NHPC, VUCL sign MoU for Phukot Karnali Hydroelectric Project.

• NHPC Limited and Vidhyut Utpadan Company Limited (VUCL), Nepal signed an MoU in New Delhi for the development of the Phukot Karnali Hydro Electric Project (480MW) in Nepal.
• The MoU was signed in the presence of PM Modi and Nepal PM Pushpa Kamal Dahal Prachanda.
• The project will use the flow from the Karnali River for power generation and the generated power will be fed into the integrated power system of Nepal.
• The installed capacity of the project shall be 480 MW.