At 6.7 % growth slid to five quarter low in Q1
India’s real economy rose to 6.7 % of GDP in April to June 2024. This is the slowest growth rate in five quarters .
RBI had predicted a 7.1% of uptick as well 7.8% uptick registered in preceding quarters .
The Real Gross Value Addition ( GVA ) is 6.8 % .
For the first time , the growth in real Gross Value added ( 6.8% ) has outperformed GDP growth .
The data was released by National Statistical Office ( NSO ) which comes under Ministry of Statistics and Planning implementation ( MoSPI )
In calculation of GVA we remove interference by the government ( through taxes and subsidies ) from production value .
GVA = GDP – taxes + subsidies
Cyclone Asna forms over Kutch ; heavy rain batters Gujarat
Cyclone Asna has formed over the Kutch coast in Gujrat and adjoining areas of Pakistan . The cyclonic storm is expected to move further away from the western coast in the next 24 hours .
This is a rare cyclone , as it has formed on land and is moving towards sea .
Generally cyclones form in the sea and move towards land .
This is also the first cyclonic storm in the Arabian sea since August 1976 .
Between 1891 and 1976 only 3 cyclonic storms were witnessed in the region .
The reason behind the formation of this cyclone was the changing monsoon wind pattern .
The build up of Asna has caused heavy rain in Gujarat . Rain related incidents have claimed 32 lives while 18,000 people have been relocated . The state has witnessed 111% rain so far . With Kutch witnessing 177% , Saurashtra 124% rainfall .
India yet to take decision on Pak , invite to SCO meet
The government of India confirmed on Friday that it received an invitation from Pakistan for the participation of Shanghai Cooperation Organisation ( SCO ) meeting .
In a weekly press conference , MEA spokesperson Randhir Jaiswal however said that India has not made any decision yet over participation in the SCO meeting . The meeting is scheduled on 15 and 16 th October in Islamabad .
The next visit of India will be the “ summit of future “ in New York on September 22 -23 .
On a question that whether India would mediate between Russia and Ukraine , Mr Jaisawal said that PM Modi has indicated his willingness to play a “ constructive role “ in further peace .
Modi apologises collapse of Shivaji statue in Maharashtra
PM Narendra Modi on Friday , apologised for the collapse of a statue of Chhatrapati Shivaji at Rajkot Fort in Sindhudurg , Maharashtra .
The statue collapsed on Monday .
“ Shivaji is our deity .” , “ I extend my apologies to everyone whose sentiments are hurt . “
The 35 foot statue was unveiled by the PM on Navy Day ( December 4 ) .
A technical committee has been formed to investigate the matter .
The Congress led opposition was demanding an apology from the PM over this.
Maharashtra deputy CM Ajit Pawar said that a new statue will be installed at the same place .
Earlier , the PM laid the foundation stone of Wadhwan port in Palghar, Maharashtra .
The project will be built at a cost of ₹76,000 crore .
LGBTQIA+ couples can open joint bank accounts : centre
Union government in an advisory this week said that LGBTQIA+ community can open Joint bank accounts and can also nominate each other as beneficiaries .
This comes a year after a year of Supreme Court’s judgement of denying legal marriage for LGBTQIA + community. SC had held that it was government to make any law for their marriages . SC had directed government to consider Joint banking account and nominee facilities for the community .
World
Harris defence her drift from liberal stance , says ‘ values have not changed
Democrat Presidential candidate Kamala Harris in an interview with CNN said that she might be shifting from their previous stance over some issues but “ overall values have not changed “ .
She was citing her party’s position on illegal migration and fracking .
Historically Democrats ( Kamala Harris party ) have been soft on illegal migration , while Republicans ( Donald Trump ) have been tough against illegal migration .
Fracking is a process to extract shell gas which is a major energy source for the US , from ground . In this oil and other chemicals is put inside poured through pressure to break rock and extract gas .
Environmental experts have flagged red on Fracking because of harsh environmental impact .
Donald Trump has accused democrats of trying to ban fracking , which Ms Kamla denied .
Pakistan conducts military strike in Balochistan , kills 5
At least five terrorists of a banned militant group were killed and three others were injured in a Pakistani intelligence based operation in Balochistan .
This comes after the banned Balochistan Liberation Front ( BLA ) took the responsibility of the terrorist attack that killed at least 50 people including 14 Pakistani Military soldiers.
Taliban refuse to cooperate after UN slams morality law
The Taliban has refused to cooperate with the UN mission in Afghanistan , calling it “ an opposing side “ .
Recently the Taliban has codified laws that tell women to cover their faces in public .
The UN Assistance Mission in Afghanistan ( UNAMA ) recently said that it will be hard for Afghanistan to engage with the international community , if such laws are in place .
The Taliban in its systement has urged international organisations to respect “ Islamic values of Muslims “ and refrain from statements that “ insult “ Islamic values.
Members at Pacific islands forum join back police plan maintain ties with Taiwan
Pacific islands forum ( PIF ) meeting wrapped up on Friday in Tonga .
One major decision taken here was a Joint policing Initiative . Under this four regional police training centres will be created ,backed by initial 271 million dollar funding from Australia .
Another contentious issue was ouster over Taiwan , on which no decision was taken to oust it as a development partner .
The PIF is a group of 18 Pacific Ocean countries . Australia and NewZealand are the only two major large countries among other small Island states .
This is the region of countries which used to recognise Taiwan .
In recent years Taiwan , Kiribati and Nauru have switched to recognise Beijing instead of Taipei .
Palau , Marshall Island ,and Tuvalu still maintain diplomatic ties with Taiwan.
Taiwan has been a development partner of the group for a long timehhh .
But as the influence of China has increased in the region , it was expected that Taiwan would be removed as a development partner .
Solomon Islands , the most friendly partner of China, made this an issue . But the group failed . announce the ouster of Taiwan .
One China Policy – It says that there is only one China and Taiwan is part of China .
China doesn’t hold diplomatic relations with any country which recognises Taiwan .
Out of more than 190 countries only 12 recognise Taiwan .
Sports
Paralympics
Avani Lekhara won gold in the 10 m rifle event .
This is her second consecutive gold medal in the Paralympics .
She shot better than her own previous Paralympics record 249.7 to erase his previous best 249.6
Roma Agarwal wins bronze in 10 m air rifle , in the same event that Avani won gold .
Manish Narwal wins silver in 10 m air pistol .
Preethi Pal wins bronze in India’s first ever medal in the 100mggg race .
