India’s economy expected to grow at 5.8 percent in 2023 and 6.7 percent in 2024: UN

naveen

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1 India’s economy expected to grow at 5.8 percent in 2023 and 6.7 percent in 2024: UN​


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The United Nations has expressed its confidence in the Indian economy in the World Economic Situation and Prospects report . According to the report, India’s economy is expected to grow at the rate of 5.8 percent in 2023 and 6.7 percent in 2024 . The report states that India remains a bright spot amid global economic uncertainty. According to this, in the year 2023, the rate of inflation in India is likely to come down to 5.5 percent. According to the report, economic growth in India is expected to remain strong while the economic growth rate of other South Asian countries will be more challenging.

2 Jal Jeevan Mission completes four years, the mission was implemented in Mizoram in 2019​


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Jal Jeevan Mission was first implemented in Mizoram in 2019 . About 78 per cent functional household tap connections have been given in four years . Jal Jeevan Mission has provided tap water supply to 12 crore rural families Has set a new record of providing. This mission was announced by Prime Minister Narendra Modi in 2019. It aims to ensure tap water supply to every household in villages by 2024. At the time of the announcement of the mission, only three crore 23 lakh families in rural areas were getting piped water supply. The Ministry of Jal Shakti has informed that at present the target of 100 per cent household tap water supply has been achieved in five states and three union territories. These states and union territories are Goa, Telangana, Haryana, Gujarat, Punjab, Puducherry, Daman and Diu, Dadra and Nagar Haveli and Andaman and Nicobar Islands. According to the ministry, due to the untiring efforts of the central and state governments, tap water supply has been provided in more than nine lakh schools and more than nine lakh 39 thousand Anganwadi centres.

3 Indigenous dengue vaccine trial in India​


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Serum Institute of India and Panacea Biotech , two leading drug makers have taken a major step towards developing India’s first vaccine against dengue . In response to ‘Expression of Interest’ for collaborative Phase-III clinical trials for indigenous manufacturers, the Indian Council of Medical Research (ICMR) Application has been submitted. Phase-III trials are conducted to evaluate the efficacy, safety and immunogenicity of tetravalent dengue vaccine candidates developed by Indian manufacturers. Dengue virus disease poses a huge health burden globally, with 2–2.5 lakh cases reported annually in India. The World Health Organization (WHO) has recognized dengue as one of the top ten global health threats. There is currently no specific treatment for dengue, which underscores the urgent need for effective vaccines. Dengue is a mosquito-borne tropical disease caused by dengue virus (genus flavivirus), transmitted by several species of mosquitoes of the genus Aedes, mainly Aedes aegypti. This mosquito also transmits chikungunya, yellow fever and Zika infection.

4 Eli Lilly develops donanumab drug for the treatment of Alzheimer’s​


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After receiving “accelerated” approval from the US Food and Drug Administration (FDA) for lecanemab, a drug developed by Biogen and Eisai for the treatment of Alzheimer’s disease, another pharmaceutical company, Eli Lilly , has now approved donanemab for the treatment of Alzheimer’s disease. (Donanemab) drug is prepared. Donanumab is not currently approved for use in the US and Europe . Donanumab belongs to antibody-based therapies that target the amyloid-beta (Aβ) protein. targets. These proteins can form amyloid plaques (a small, abnormal patch of tissue on a body part or organ) in the brain, which can lead to a decrease in cognitive cognition. Donanumab aims to remove these plaques and slow down the progression of the disease. Lecanumab belongs to a class of drugs called monoclonal antibodies. These antibody-mediated drugs also target beta amyloid and inhibit cell function. Both donanumab and lecanumab carry a high risk of side effects, including amyloid-associated imaging abnormalities (ARIA) such as swelling or bleeding in the brain. Tragically, three patients in the donanumab trials lost their lives due to these side effects.

5 Quad leaders meeting to be held in Sydney next week canceled​


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The meeting of the Quad leaders was to be held in Sydney next week . The meeting was canceled after US President Joe Biden refused to participate in the meeting . This was announced by the Prime Minister of Australia , Anthony Albanese . The leaders of Australia, America, Japan and India were to meet in Sydney on the 24th of this month. Mr. Biden was scheduled to address the federal parliament on 23 May. Prime Minister Anthony Albanese said he looks forward to meeting Mr. Biden, Japanese Prime Minister Fumio Kishida, Indian Prime Minister Narendra Modi at the G7 Summit in Japan over the weekend.

6 Indian companies benefit in Dubai’s Paper Arabia-2023 exhibition​


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Indian companies are making significant gains in the ongoing Paper Arabia-2023 exhibition in Dubai . Thirty companies, mostly from the Micro, Small and Medium Enterprises (MSME) sector, are participating in the India Pavilion of the exhibition. The exact figure of the amount traded by these companies will be declared after the conclusion of the exhibition. The exhibition is being supported by the Ministry of Commerce, Government of India and the Confederation of Indian Industry and Commerce. Paper Arabia is the largest event in East Asia. Started in 2007, the event brings together manufacturers of paper tissue and paper board on one platform. The 2023 exhibition showcased significant achievements in the paper industry and key paper products.

7 Taliban regime in Afghanistan appoints cleric Abdul Kabir as caretaker prime minister​


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The Taliban regime in Afghanistan has appointed cleric Abdul Kabir as acting prime minister and interim head of the cabinet. The decision was taken by Afghan Taliban chief Mullah Habitullah Akhund. The decision has been taken due to ill health of Mullah Mohammad Hassan Akhund, the acting head of the Taliban regime. Mohammad Hasan suffered a heart attack in early April and has been unable to perform his duties since then. Mullah Hassan Akhund and Maulvi Kabir both served as deputy prime ministers between 1996 and 2001 under the regime of Mullah Rabbani, the then prime minister of the Taliban.

8 Indian Pavilion inaugurated at Cannes International Film Festival in France​


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Union Minister of State for Information and Broadcasting Dr. L. Murugan inaugurated the Indian Pavilion at the 76th Cannes International Film Festival in France . Javed Ashraf , Ambassador of India to France , Prithul Kumar , Joint Secretary, Ministry of Information and Broadcasting and several personalities from the Indian film industry were present on the occasion . Inspired by the Saraswati Yantra and the colors of the national flag, the India Pavilion at the Cannes Film Festival 2023 highlights the country’s rich culture and heritage and creative economy to the world.

9 Union Government approves Project Collaboration Agreement between Department of Health Research and World Health Organization​


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The Union Government has approved the Project Collaboration Agreement between the Department of Health Research and the World Health Organization on Assistive Technology . The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi in New Delhi . The collaboration aims to work towards drawing global attention towards access to assistive technology, promoting research and innovation, and developing appropriate training programmes. During the meeting, signing of MoU between Competition Commission of India and Competition Authority of Egypt was also approved. The MoU envisages exchange of information, promotion of cooperation in competition law and policy. Union Cabinet It also approved the signing of a Memorandum of Understanding between the Institute of Chartered Accountants of India-ICAI and the Chartered Accountants of Maldives . It aims to establish mutual cooperation between the two countries for the advancement of accountancy knowledge, professional and intellectual development, furthering the interests of their respective members and contributing positively to the development of the accountancy profession in Maldives and India.

10. Cabinet approves signing of MoU between Competition Commission of India and Competition Authority of Egypt​


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The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Memorandum of Understanding (MoU) between the Competition Commission of India (CCI) and the Egyptian Competition Authority (ECA) . The MoU focuses on promoting and strengthening cooperation in competition law and policy through exchange of information, sharing of best practices as well as through various capacity building initiatives. Its objective is to develop and strengthen the relationship between the CCI and the ECA. In addition, the two countries seek to learn from and emulate each other’s experiences in competition law enforcement in the respective jurisdictions through sharing of experiences and technical cooperation.

11 Minister of State for Communications Devusingh Chauhan launched the Open Radio Access Network Probe Field Project​


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Union Minister of State for Communications Shri Devusingh Chouhan inaugurated the World Telecom Day Convention on the occasion of World Telecom and Information Society Day on May 17, 2023 at Dr. Ambedkar International Center in New Delhi . He inaugurated an exhibition showcasing innovations in telecom by startups and released a commemorative postage stamp to mark 20 years of Universal Service Obligation Fund (USOF) . He also unveiled the USOF@India book and the Open Run (Radio Access Network) test bed project . The project will facilitate the development of a fully indigenous 5G radio network in India.

12 Government approves Phase II of Production Incentive Scheme for IT Hardware​


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The Central Government has approved the second phase of the Production Linked Incentive Scheme for the IT hardware sector. 17 thousand crore rupees have been allocated for this . Prime Minister Narendra Modi This decision was taken in the cabinet meeting in New Delhi under the chairmanship of Shri. After the meeting, Electronics and Information Technology Minister Ashwini Vaishnav said that the tenure of this scheme is six years. He said that an investment of more than two thousand four hundred crore rupees is expected for this scheme. Mr. Vaishnav expressed confidence that more than two lakh jobs including 75 thousand direct jobs will be created through this scheme. He said that in the last eight years, the electronics manufacturing sector has registered a growth of 17 percent and has crossed one hundred and five billion dollars. Shri Vaishnav said that India has become the second largest mobile phone manufacturer in the world.

13 Center announces subsidy of over Rs 1 lakh crore for fertilizers in Kharif season to 13 farmers​


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The government has approved one lakh, eight thousand crore rupees as fertilizer subsidy for the Kharif season this year. After the cabinet meeting, the Union Minister for Chemicals and Fertilizers, Dr. Mansukh Mandaviya said that there will be no increase in the price of fertilizers. He said that the farmers would continue to get nutrition based fertilizers at the existing price. Dr. Mandaviya said that Rs.70 thousand crore has been earmarked for Urea and Rs.38 thousand crore for DAP as fertilizer subsidy. He said that the farmers of the country are being provided fertilizers at a lower price as compared to foreign countries.

14 Union Health Ministry launches an ambitious initiative to screen 75 million people with hypertension and diabetes and bring them under standard care by 2025​


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The Union Health Ministry on the occasion of World Hypertension Day launched an ambitious initiative to screen 75 million people with high blood pressure and diabetes and bring them under standard care by 2025. This was announced by NITI Aayog Member ( Health ) Dr. V.K. Paul Union Health Secretary Shri Rajesh Bhushan and Special Secretary, Ministry of Health Shri S. In the presence of Gopalakrishnan. Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO) and Dr. Poonam Khetrapal Singh, Director, WHO SEARO addressed the event virtually. In addition to the 75/25 initiative, the Sashakt portal was also launched to train 40,000 primary health care medical officers on standard treatment workflow for NCDs to provide health care services closer to the community.

15 Virat Kohli becomes brand ambassador of Duroflex​


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Indian mattress brand, Duroflex has appointed former Indian captain Virat Kohli as its brand ambassador. Following this association with the 34-year-old star batsman, the company aims to amplify the message of quality sleep to a wider audience.

16 ISRO to launch 16 NVS-01 satellites​


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Indian Space Research Organization (ISRO) is going to launch NVS-01 satellite , which is a significant step towards strengthening India’s navigation capabilities. Navigation Satellite-01 , or NVS-01, is an advanced satellite that will be launched on May 29. It is designed to replace the IRNSS-1G satellite launched in 2016 . With a mission life of 12 years, the NVS-01 satellite aims to augment the existing navigation infrastructure by incorporating advanced technologies and capabilities. The IRNSS space segment comprises a constellation of seven satellites. These satellites, namely IRNSS-1A, 1B, 1C, 1D, 1E, 1F and 1G were launched between July 2013 and March 2016. NVS-01 satellite will replace IRNSS-1G.

17 Portugal legalized euthanasia​


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Portugal recently passed a law legalizing euthanasia , becoming one of the few countries in the world to do so. The move has sparked intense debate within the Catholic country, with conservative President Marcelo Rebelo de Sousa expressing strong opposition. According to the new law, persons over the age of 18 are eligible to request aid in dying. However, the law specifies that it only covers persons experiencing “permanent” and “intolerable” pain.

18 Dr. Manoj Kumar’s book ‘Supreme Court on Commercial Arbitration’ released​


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The book titled ‘ Supreme Court on Commercial Arbitration ‘ written by Dr. Manoj Kumar and edited by Shri R.K. Presented by Venkataramani. The book comprises a collection of three volumes covering the years 1988 to 2022 with compilations of the Arbitration Acts 1940 and 1996. This book was released on 13.05.2023, the founder’s day of ‘Hammurabi and Solomon Partners’.

19 ICC made major changes to playing conditions​


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The International Cricket Council (ICC) has made some changes in the playing conditions of cricket matches . One major change is that ‘soft signals’ by on-field officials have been done away with . A soft signal, according to ICC rules, is the visual transmission of the original on-field decision of the last umpire of the bowler to the third umpire before the umpire review is initiated. The validity of catches taken a few inches above the ground was determined using this signal. It was often criticized by experts for creating more confusion and TV umpires had difficulty making decisions based on this signal. Another important change is that helmets are now mandatory in high-risk positions. This includes the batsmen facing the fast bowlers, the wicket-keeper near the stumps and the fielders closest to the batsman in front of the wicket. Additionally , a minor modification has been made to the free hit rule , which states that runs scored on free hits when the ball hits the stumps will not count. The changes will come into effect from June 1, 2023, with the Lord’s Test between England and Ireland being the first match to follow the new rules. The ICC made these changes after the Cricket Executive Committee approved the recommendations of the men’s and women’s cricket committees. The International Cricket Council (ICC) is the global governing body in the world of cricket. With 104 members represented, the ICC regulates and administers the game and works with its members to develop the game. Its headquarter is in Dubai, United Arab Emirates.

20 Gatka martial art will be included in the 37th National Games​


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The traditional game of Gatka has been officially included in the 37th National Games-2023 , scheduled to be held in Goa in October this year. The Indian Olympic Association (IOA) in collaboration with the government will organize a total of 43 sporting events during this National Games. National Gatka Association of India (NGAI) president and state awardee Harjit Singh Grewal, IOA President, Rajya Sabha member PT Usha and Sports Technical Conduct Committee (GTCC) chairman Amitabh Sharma, member Bhupinar, for the inclusion of Gatka in the National Games for the first time Singh Bajwa and appreciated other members.
 
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