- GDP GROWTH PROJECTED TO FALL TO FOUR YEAR LOW AT 6.4%
SUBJECT: ECONOMY
- National Statistics Office (NSO)Estimates for 2024-25: India’s real GDP growth is projected at6.4%, a four-year low, down from8.2% in 2023-24.
- Growth is expected to rebound in the second half of FY25 to6.8%, following 6% growth in the first half.
- Agriculture: Growth forecasted at3.8%, up from1.4%in 2023-24.
- Manufacturing: GVA growth is set to decline sharply to5.3%from9.9%last year.
- Mining and Quarrying: Estimated GVA growth at2.9%, down from7.1%.
- Other Services: Expected growth of9.1%, up from7.8%in 2023-24
- Gross Fixed Capital Formation (GFCF), a measure of fresh investments, is projected to rise by only 6.4%, compared to9%in 2023-24.
- GDP Value: Real GDP at constant prices is estimated at₹184.88 lakh crore for 2024-25, compared to₹173.82 lakh crore in 2023-24
2. MORE FLEXIBILITY BUT ALSO GREATER CHALLENGES
SUBJECT: NATIONAL
- The University Grants Commission (UGC)has introduced reforms such as accelerated and extended degree programmes, allowing students to complete their studies earlier or later than the standard duration.
- These changes aim to align with the National Education Policy (NEP), 2020, focusing on flexibility and interdisciplinary learning
- Flexibility and Autonomy: Students can align their academic pace with personal goals, enabling those with financial or professional constraints to progress at their convenience.
- Interdisciplinary Approach: Encourages skill diversification, preparing students for dynamic global markets by integrating research, internships, and innovation into learning.
- Global Competitiveness: Promotes mobility for Indian students, both domestically and internationally, by adhering to international educational standards
- Requires curriculum restructuring and training for educators to adopt interdisciplinary pedagogy effectively.
- Digital Divide: Greater reliance on technology could marginalise students from rural or economically weaker sections.
- Financial Constraints: Accelerated programmes may deter students due to upfront costs, while extended programmes may lead to additional financial burdens
3. WHY THE LOCATION OF CHINA’S EARTHQUAKE MATTERS
SUBJECT: GEOGRAPHY
- A 7.1 magnitude earthquake struck on January 7, with its epicenter near the Tingri region, close to Mt. Everest, in the Lhasa terrane.
- Over 95 deaths and significant infrastructural damages reported in Tibet and neighboring areas, including tremors felt in Kathmandu and Kolkata.
- The Lhasa terrane, a crustal fragment, lies near tectonic boundaries where the Indian plate continues to collide with the Eurasian plate at 60 mm/year.
- China’s recently approved mega hydroelectric project on the Yarlung Tsangpo River (Brahmaputra in India) is located in the Lhasa terrane.
- Potential risks include destabilization of the river’s perennial flow, affecting ecosystems in Arunachal Pradesh and Assam.
- The Himalayas, referred to as the “Third Pole,” hold vast water resources in glaciers, lakes, and rivers, making the region critical for regional stability.
- Earthquake activity here poses risks such as glacier destabilization and flooding, disrupting natural cycles and dependent communities.
4. BHARATPOL TO AID IN NABBING FUGITIVE CRIMINALS WHEREVER THEY HIDE : HOME MINISTER
SUBJECT: SCIENCE AND TECHOLOGY
- Inaugurated by Union Home Minister Amit Shah, Bharatpol provides seamless connectivity between Indian law enforcement and Interpol.
- Facilitates the identification, tracking, and prosecution of fugitives globally.
- Developed by the Central Bureau of Investigation (CBI).
- Includes five modules: Connect, Interpol Notices, References, Broadcast, and Resources.
- Aims to simplify and expedite the extradition process of criminals
- Enables the prosecution of fugitive criminals through trials in absentia.
- Establishes a mechanism for structured and scientific handling of Interpol notices.
- Strengthens India’s ability to combat transnational crimes and secure international justice
- Empowers grassroots-level law enforcement through technology and training.
- Integrates Indian law enforcement agencies with Interpol’s global systems.
- Enhances collaboration to locate fugitives across borders effectively
5. INDIA U.S TO JOINTLY MANUFACTURE INTEROPERABLE SONOBUOYS FOR NAVY
SUBJECT: DEFENSE
- India and the U.S. will co-produce sonobuoys, advanced undersea instruments for tracking submarines, under the Make in India initiative.
- Partnership involves Ultra Maritime (U.S.) and Bharat Dynamics Limited (India).
- Sonobuoys will enhance India’s underwater domain awareness (UDA)to detect submarines in deep waters.
- It is a response to the rapid expansion of China’s naval presence in the Indian Ocean
- Builds on the U.S.-India Initiative on Critical and Emerging Technology(iCET), launched in 2022.
- The sonobuoys will meet U.S. Navy standards, ensuring interoperability across Quad nations (India, U.S., Australia, and Japan)
- Includes deployment of sonobuoys alongside advanced platforms like P-8I aircraft and MH-60R helicopters, boosting India’s anti-submarine warfare (ASW) capabilities.
- Signals a deepening of defense ties and a shift toward indigenous production of high-tech military equipment