ADB retains India’s growth forecast at 6.4 per cent for current fiscal

The Asian (ADB) on Wednesday retained Indias economic Growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next, saying robust domestic demand will continue to support the region’s recovery.

In an update to its Asian Development Outlook, the ADB said Inflation is expected to continue to fall, approaching pre-pandemic levels as fuel and food prices decline. It forecast 3.6 per cent inflation this year for developing economies in Asia, and 3.4 per cent

in 2024.

In April, the ADB had projected that India’s economic growth is expected to moderate to 6.4 per cent in the current financial year due to tight monetary conditions and elevated oil prices.

Study finds new method to reverse effects of fentanyl

Researchers have discovered a new way to reverse the effects offentanyl, which is 50 to 100 times stronger than morphine.
Their research, which was published in the Journal of

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Medicinal Chemistry, could lead to a new method of reversing overdoses, either through a new product or by working in tandem with naloxone.
According to the Centres for Disease Control, 100,000 Americans die each year from overdoses, the majority of which are caused by the use of synthetic opiates such as fentanyl. While naloxone, the only antidote for opiateoverdose, is becoming more widely available, it is less effective against fentanyl-class synthetic opioids.

Members will include officials from the MoCA, MOPSW, and the Ministry of Tourism (MoT).

Under the Namami Gange Programme, an agreement was signed for the development of a 35 MLD (Mega Liters per day) sewage treatment plant in Maheshtala (a city on the east bank of the Ganga). The project was signed in the form

of a Hybrid Annuity PPP.

The Namami Gange program is a comprehensive conseration mission. It was approved by the Union Government as a “flagship program” in June 2014 to achieve the dual goals of effectively reducing pollution and protecting and rejuvenating the national river Ganges.

It is operated by the Ministry of Resources“>Water Resources, River Development and Ganges Rehabilitation Department of Jal Shakti Ministry.

The program is implemented by the National Mission for Clean Ganga (NMCG) and its state counterpart, the State Program Management Group (SPMG).

The National Ganga Council’s implementation wing is the NMCG (set in 2016; which replaced the National Ganga River Basin Authority

– NGRBA).

It has a Rs. 20,000-crore corpus that is centrally funded and non-lapsable, and it includes nearly 288 projects.

India Rank 43rd World Competitiveness Index

The Ministries of , Shipping, and Waterways (MoPSW) and Civil Aviation (MoCA) signed a Memorandum of Understanding (MoU) for

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the Development of Sea Plane Services in India.

Highlights:

European Space Agency to Launch Wood Satellite

The European Space Agency (ESA) has deliberate to launch the worlds first wood satellite. It is going to be launched from New Zealand. It will be launched from a Rocket Lab Electron rocket by the last of 2021. The satellite is the brainchild of Jari Makinen.

The satellite, WISA Woodsat, is a nanosatellite. It is 10cm on every side, length, height, and width.

The sensors of the satellite have been developed by the European Space Agency (ESA) and designers have placed the timber in a

thermal vacuum chamber to keep it dry.
A very thin aluminium oxide layer has been used to decrease the vapour coming from the wood and to defend it from the erosive outcomes of atomic Oxygen. The non-wooden external parts are made up of aluminium rails.

The Union Minister of Agriculture-notes-for-state-psc-exams”>Agriculture and Farmers Welfare delivered a speech at the 42nd session of the Food and Agriculture Organization (FAO). The conference is held every two

years. India is a founding member of FAO

Highlights:

The national planning framework developed by India’s FAO in cooperation with the Ministry of Agriculture and Farmer Welfare of the Government of India adopts a multi sectoral approach.

India has provided technical expertise and assistance in cases of trans-boundary pests, primarily Fall Army Worm and Desert Locust.

The FAO also supported India’s proposal for an International Year of Pulses (2016) and an International Year of (2023).

Ministry for Corporate Affairs Introduces C-PACE

TheMinistry of Corporate Affairs (MCA)has established theCentre for Processing Accelerated Corporate Exit (C-PACE)to streamline the process of removing companies from theMCA Register. The purpose of C-PACE is to reduce the burden on the registry and provide a convenient process for stakeholders to remove their companys name from the register.

This initiative is part of MCAs effort to make doing business and exiting easier for companies.

C-PACE will operate under theRegistrar of Companies (RoC)and will handle applications

for processing and disposal.

The office of C-PACE was inaugurated on May 1, 2023, by R.K. Dalmia, the director of inspection and investigation at MCA.

Centre to Launch New 75 Coin to Mark New Parliament Inauguration

The Ministry of Finance has announced the launch of a special 75 coin to commemorate the inauguration of Indias new parliament building. Prime MinisterNarendra Modiwill unveil the coin on Sunday, 28 May, coinciding with the celebration of Indias 75 years of independence.

The newly minted 75 coin will feature the iconic Lion Capital of the Ashoka Pillar on one side, with the wordsSatyamev Jayatebelow it. The coin will

bear the inscription Bharat in on the left side and India in English on the right. It will also display the rupee symbol and the denomination value of 75 in international numerals beneath the Lion Capital. On the reverse side, an image of the parliament complex will be depicted, with Sansad Sankul written in Devanagari script on the upper periphery and Parliament Complex in English on the lower periphery.

Journal: 20% healthy adults have pre-diabetes glucose metabolism

About 20 per cent or one in five adults considered healthy by medical standards, have glucose Metabolism similar to those with pre-diabetes, according to a study published in the journal Mayo Clinic Proceedings: Digital Health.

These healthy adults were identified using a new method of analysis, developed by scientists at Klick Health, a US based life sciences Company that flags a precursor to prediabetes called impaired glucose homeostasis (IGH).

The team has stressed the need for intervention to stop these adults from becoming diabetic.

Participants were diagnosed diabetic, pre-diabetic, or healthy, according to

guidelines outlined by the American Diabetes Association.

After applying the mathematical model, patients were then re-classified into two groups based on their glucose homeostasis parameters: effective or impaired.

Google Bard Now Available in 180 Nations

Google Bard now comes up in India with its latest features and upgradation initiated by the multinational company. In the beginning, it was only accessible in UK and US.

This AI model can be used for multiple works including creating answers to your questions, helping with coding projects, etc.

Improved images and PaLM2 updates have been recently

added to the companys bucket list with its advancing tools.

India looks beyond Alphonso, to push other mango exports

A Himsagar mango from Bengal may land on a plate in South Korea, or a Zardalu could reachMauritius. India, the worlds largest mango producer, is looking to diversify its basket forexportsand will push varieties from North India, while also resuming shipments to

the US.

There is also an effort to diversify the markets beyond the strongholds of theUAE, the EU and Nepal, with Japan, South Korea, Australia and Mauritius also on the radar. Although India is the largest producer, Mexico and evenPakistancommand a higher share of the export market, which India is trying to capture. While domestic

consumption as well as high sugar content, especially in the north Indian varieties is seen as the factors for low exports, there are issues related to standards too.