Thursday, October 30, 2025

Current affairs for KBC

 According to NITI Aayog’s latest report (2024), India’s services sector contributed over 50% of the country’s GDP in 2023–24, yet employed only 18.8 crore workers—just under one-third of the total workforce—revealing the paradox of high output but limited job creation.

***

President Droupadi Murmu became the first President of India to take sorties in two Indian Air Force fighter jets—Sukhoi-30MKI in 2023 and Rafale in 2025—after flying a 30-minute, 200-km mission from Air Force Station Ambala.

***
McDonald’s has committed an investment of $100 million (approximately Rs 875 crore) in its new Global Capability Centre (GCC) in Hyderabad, India, over the next two years. This major capital outlay will support the establishment of McDonald’s largest innovation and technology hub outside the United States, including infrastructure and workforce expansion plans.
***
Karnataka's refusal to outbid Andhra Pradesh for Google's $15 billion AI data centre may seem like a loss, but in game theory terms, it reflects smart governance. The concept of a "war of attrition" explains that relentless bidding to outlast competitors can result in a worse outcome than if one walks away early. Andhra Pradesh offered massive incentives worth Rs 22,000 crore, including land and water subsidies and free electricity, but such incentives come at a high long-term cost, especially from an ecological and social perspective. Data centers consume enormous amounts of water and power, stressing resources in host cities. Karnataka’s choice shows restraint, recognizing that not every prize is worth the high price, and that sustainable cooperation between states on investment standards could yield better outcomes than destructive incentive wars. This illustrates the wisdom in game theory applied to governance: knowing when not to play is sometimes the smartest move.
***

No comments:

Post a Comment