National Statistics Office (NSO) releases the Provisional Estimates of Annual Gross Domestic Product (GDP) for the Financial Year (FY) 2024-25.
Key Highlights
- Real GDP (GDP at Constant Prices) has been estimated to grow by 6.5% in FY 2024-25 while Nominal GDP (GDP at Current Prices) has witnessed a growth rate of 9.8%.
- Real Gross Value Added (GVA) is estimated at ₹171.87 lakh crore in the FY 2024-25 while Nominal GVA is estimated at ₹300.22 lakh crore.
- Private Final Consumption Expenditure (PFCE) has reported a 7.2% growth rate.
- Gross Fixed Capital Formation (GFCF) has recorded 7.1% growth rate.
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1 sourceIndia’s Fiscal Deficit stood at 4.8% of GDP for FY2024-25, according to data released by the Comptroller General of Accounts (CGA), meeting the revised estimate set by the Union Budget FY2025-26.
About Fiscal Deficit
- Fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding borrowing.
- Gross fiscal deficit = Total expenditure – (Revenue receipts + Non-debt creating capital receipts)
- Non-debt creating capital receipts are receipts which are not borrowings and do not give rise to debt. E.g. recovery of loans, proceeds from sale of PSUs.
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1 sourceTelangana Government declared the Tiger Corridor Area connecting the Kawal Tiger Reserve in Telangana with the Tadoba-Andhari Tiger Reserve in Maharashtra as ‘Kumram Bheem Conservation Reserve’.
About Kawal Tiger Reserve
- Located in Sahyadri Mountain Ranges along the banks of River Godavari in Telangana.
- Situated in southern-most tip of Central Indian Tiger Landscape, having linkages with Tadoba-Andhari Tiger Reserve (Maharashtra) and Indravati Tiger Reserve (Chhattisgarh).
- Flora: Southern Tropical Dry Deciduous Forest and Southern Dry Mixed Deciduous Forest.
- Fauna: Tiger, Leopard, Nilgai, Chinkara, Fox, Jackal etc.
President of India presented the National Florence Nightingale Awards for 2025 to 15 nurses for their exemplary service in strengthening public health delivery.
About National Florence Nightingale Awards
- It was instituted by the Ministry of Health and Family Welfare in 1973.
- It aims to recognize the meritorious services of nurses and is presented to Registered Nurses, Midwives, Auxiliary Nurse Midwives, and Lady Health Visitors.
- Each award includes a Certificate of Merit, a cash prize of ₹1,00,000, and a medal.
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1 sourceOn its statehood day, Goa becomes the second state (after Mizoram) to achieve Full Functional Literacy under the ULLAS - Nav Bharat Saaksharta Karyakram (New India Literacy Programme).
- ULLAS is a centrally sponsored initiative which focuses on imparting functional literacy and enrich learners with critical life skills.
About Goa
- India’s smallest state located on the Western Coast.
- History: Formed part of Mauryan Empire, and came under rule of Chalukyas of Badami, Rashtrakutas of Malkhed, Vijayanagara Empire and Bahmani Sultans.
- In 1510 AD, Afonso de Albuquerque captured Goa from the Sultan of Bijapur.
- Liberated from Portuguese rule in 1961 and later formed as an Union Territory.
- Major rivers: Mandovi, Zuari, Chapora etc.
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1 sourceBirch Glacier in Switzerland catastrophically failed, generating a massive landslide that has partially buried Blatten village.
- The collapse of the Birch Glacier also impacted the Lonza River.
Birch Glacier
- Birch Glacier is located in the Lötschental valley in northern Switzerland.
- Experts believe climate change played a central role in the glacier's collapse.
- Rising global temperatures have led to the rapid retreat of glaciers and the thawing of alpine permafrost, which acts as the glue holding mountain slopes together.
- Switzerland, home to the largest number of glaciers in Europe, has witnessed a dramatic loss of nearly 40% of its glacial volume since the year 2000.
Nearly 41 % of urban adolescents in government schools across north India suffer from folate or vitamin B9 deficiency: AIIMS
About Vitamin B9 (Folate or Folic Acid)
- Folate is the natural form of vitamin B9, water-soluble and naturally found in many foods.
- Function: Helps to form DNA and RNA and is involved in protein metabolism.
- It is also needed to produce healthy red blood cells and is critical during periods of rapid growth, such as during pregnancy and fetal development.
- Sources of folate include: Dark green leafy vegetables, Beans, Peanuts etc.
- Folate deficiency leads to blockade of DNA synthesis and, inter alia, the symptoms of megaloblastic anemia.
The fibre optics first-person-view (FPV) drones are being used in the Russia-Ukraine war.
About Fibre Optics First-Person-View (FPV) Drones
- They are wired kamikaze drones that use fibre optics instead of radio waves for navigation.
- Fibre optics uses very thin glass or plastic threads through which light can travel to carry information. It works on the principle of total internal reflection.
- The drone operator gets access to high-quality images at high speed, improving navigability and precision targeting.
- Features: Difficult to detect, immune from being electronically intercepted, longer battery life, more accurate navigation in difficult terrains.
- Drawbacks: Can be slower, and the cable could get entangled in obstacles.