15th November, 2024 Current Affairs

Sakshi Education

NATIONAL
DRDO completes Flight Tests of Guided Pinaka Weapon System

Defence Research and Development Organisation, DRDO has completed the Flight Tests of Guided Pinaka Weapon System as part of Provisional Staff Qualitative Requirements (PSQR) Validation Trials. Defence Ministry said in a release that the flight tests have been conducted in three phases at different field firing ranges.
During these tests, the PSQR parameters including range, accuracy, consistency and rate of fire for multiple target engagement in a salvo mode, have been assessed by extensive testing of rockets. Twelve rockets from each production agency from two in-service Pinaka launchers upgraded by the launcher production agencies have been tested.

INTERNATIONAL
Inauguration of first trilateral power transaction – from Nepal to Bangladesh through the Indian Grid

The Government of India had announced its decision to facilitate the first trilateral power transaction from Nepal to Bangladesh, through Indian grid with an export of upto 40 MW of power during the visit of the former Prime Minister of Nepal, Mr. Pushpa Kamal Dahal ‘Prachanda’ to India from 31 May to 3 June 2023 . During the visit, both sides had expressed their commitment towards greater sub-regional cooperation, including in the energy sector, which would lead to increased inter-linkages between the economies for mutual benefit of all stakeholders.
Subsequently, a tripartite power sales agreement between NTPC Vidyut Vyapar Nigam, Nepal Electricity Authority and Bangladesh Power Development Board was signed on 3 October 2024 in Kathmandu.
The start of this power flow from Nepal to Bangladesh through India is expected to boost sub-regional connectivity in the power sector.

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ECONOMY
S&P Global Ratings projects 6.5-7% growth for India’s GDP till FY 2026-2027

Driven by infrastructure development and increased consumption, the country’s GDP is projected to grow between 6.5 to 7 per cent annually in the next three fiscals up to 2027. S&P Global Ratings has said this in its latest global bank outlook report. The new report by the agency added that structural improvements and good economic prospects will support the resilience of India’s financial institutions. It added that higher demand coupled with stronger bank capitalisation should boost bank loan growth and the RBI’s regulatory clampdown will strengthen the financial system in the medium term.
RBI Governor Shaktikanta Das had also said last month that the country’s growth story remains intact as its fundamental drivers, consumption and investment demand are gaining momentum. He said India is likely to see real GDP growth at 7.2 per cent for FY 2024-25.
The S&P Global report however pointed out that external uncertainties could delay capital expenditure-related growth.
S&P Global Ratings, a division of S&P Global, is a leading credit rating agency that provides independent assessments of creditworthiness for various entities, including corporations, governments, and financial institutions.

Also Read: Top 30 MCQs on Ministries and Their Portfolios 2024: Who handles the Ministry of Heavy Industries?

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ENVIRONMENT
Clean Ganga Mission Introduces Dolphin Ambulance

The National Mission for Clean Ganga (NMCG) is spearheading several important initiatives under the Clean Ganga Mission, focusing on the preservation of the Ganga’s biodiversity, particularly endangered species like the Ganga Dolphin.
Along with the Dolphin Ambulance, NMCG has approved several other conservation projects aimed at safeguarding aquatic life in the Ganga and its tributaries. These projects highlight the significant role the Ganga plays in preserving not just the river’s physical cleanliness but also the life it sustains.
These efforts are part of a larger vision to restore the ecological balance of the river while protecting the flora and fauna that depend on it. One of the key initiatives in this mission is the launch of a special Dolphin Ambulance to aid in the rescue of injured Ganga Dolphins, a species vital to the river’s ecosystem.

Published date : 15 Nov 2024 05:30PM