IMF Managing Director KV Subramanian forecasts 7% growth in FY24, says India ‘is charting its own path’

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December 2, 2023

KV Subramanian, managing director of the International Monetary Fund (IMF) and former chief economic advisor to the Indian government, praised the country’s economic performance and expressed optimism for the economy.

Responding to former RBI governor

Raghuram Rajan’s comments on India’s GDP growth, KV Subramanian, managing director of the International Monetary Fund (IMF) and former chief economic advisor to the Indian government, expressed his optimistic.

Speaking to ANI, he highlighted the strong growth of the Indian economy, with growth of 7.2% last year and 7.7% in the first half of this year. Subramanian expects 7% growth in the current financial year.

“The fact that the economy grew 7.2% last year and 7.7% in the first half of this year speaks for itself. And if I predict growth of 7.7% in the first half, even with an average growth of 6.3% in the second half. half, India will grow at 7% in this particular fiscal year,” he said.

“I think it’s important to remember that during the pandemic, a lot of commentators were very negative. There have been people and if you check their statements in the media, you will see that there are people who have said there are millions of people. Indians are dying in the streets. There are those who say that GDP will decline by more than 20% this financial year. Many people “Many people have made such statements and I don’t think this has happened.” right,” he added, referring to cautious comments during the COVID-19 pandemic.

“In general, I think because of the suigeneris policy implemented by India, India has had the confidence and courage to chart its own course instead of copying and pasting what has already been done, for example. such as during the global financial crisis.” , where we copy and paste what advanced economies are doing…” he added.

GST revenue has a positive trend

Subramanian also commented on GST revenue collections by November 2023, saying that collection trends indicate the possibility of ₹ 2 lakh crore per month in 1.5-2 years. He attributed the success in GST collection to effective policy implementation, reflecting India’s commitment to sound fiscal management.

“I think from the indications so far, in about 1.5 to 2 years, we can expect to touch 2 lakh rupees in a month. I think good GST collection is part of the overall phenomenon about the good policy that has been implemented…So, overall, I think the good results on the GST side are evidence of good tax policy…”, he stated.

Satisfaction with India’s GDP growth

Expressing satisfaction over India’s GDP trajectory, Subramanian recorded a growth of 7.6% in the second quarter, following previous growth of 7.2% in FY23 and 7.8% in first quarter of the current fiscal year. He also hailed the average growth rate of 7.7% in the first half of the year as exceptional in a challenging global economic environment, and praised India’s economic performance as remarkable in the face of the current recession.

International headwinds.

Subramanian praised the resilience and dynamism of the Indian economy, highlighting its remarkable growth despite the complexities of the global economy. He emphasized India’s ability to chart its own course, comparing it to the approach taken during the global financial crisis, where India implemented unconventional policies instead of imitating imitate advanced economies.

What did Rajan say?

Former Reserve Bank of India Governor Raghuram Rajan said last month that the Indian economy is showing signs of steady growth, but needs to grow at a rate above 8% to create enough jobs for the most populous country. world. “We should reach 8-8.5%, taking into account people’s needs and employment needs. Economic growth of 6 to 6.5% is strong compared to other countries, but compared to our job needs, I think it is still a bit slow because we have a lot of young people who need jobs.” he noted.

Rajan said India also needs to train its workforce to compete with other efficient manufacturing countries, including China and Vietnam. “India is trying to move up the value chain and there are signs that this is happening. But there is a long way to go before we actually produce complete mobile phones in India,” he added, referring to iPhone production in the country.

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COP28 Summit 2023: Prime Minister Modi returns to Delhi, shares details on 10 updates from the Global Climate Action Summit

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December 2, 2023

After participating in the Conference of Parties-28 (COP28) in Dubai on Friday, Modi landed at Delhi airport late at night. Prime Minister Modi shared a video on platform X, highlighting key moments of the Global Climate Action Summit. The video includes glimpses of his bilateral meetings and interactions with world leaders. During his visit to the UAE, Prime Minister Modi noted that climate change is already having a huge impact on the Global South.

Here are the latest updates on COP28 SUmmit 2023:

A group of 36 countries co-chaired by Germany and Chile aims to tackle industrial emissions in an ambitious way. This is the “Climate Club”, born at last year’s Group of Seven Summit and officially launched. COP28: how much loss and damage is caused by climate change?

Vietnam has announced a $15.5 billion spending plan committed by rich countries to accelerate the transition away from fossil fuels under the Fair Energy Transition Partnership or JETP at the United Nations conference. United Nations on climate change in Dubai.

Japanese Prime Minister Fumio Kishida has pledged to end the construction of new coal-fired power plants, demonstrating a clearer determination than before to achieve net zero.

COP28 President mobilizes 2.5 billion USD to support the food-climate agenda

France and Kenya will form a coalition of countries that support the establishment within two years of the introduction of international tariffs to mobilize billions of dollars for developing countries most affected by climate change. climate change. French President Emmanuel Macron told the COP28 climate conference in Dubai that his country, Kenya, Barbados and “several others” are forming an “international working group” that will report its findings at next year’s G20 summit in Rio.

Prime Minister Modi proposed that India host the COP33 climate change summit in Dubai

European Commission President Ursula von der Leyen said on Friday that more than 110 countries want the COP28 climate talks to adopt a target of tripling renewable energy and doubling energy efficiency. energy by 2030. Prime Minister Narendra Modi on Friday proposed hosting the United Nations climate conference in 2028 and also launched a “green credit initiative” focused on creating carbon storage through citizen participation.

A loss and damage fund to help vulnerable countries cope with the impacts of climate change has been officially launched. Initial funding is estimated at $475 million: the United Arab Emirates commits $100 million, the European Union commits $275 million, the United States commits $17.5 million, and Japan commits 10 million dollars.

About COP28:

COP28, the annual United Nations (UN) climate meeting, will be held this year in Dubai. Hundreds of world leaders have gathered at a major United Nations climate summit to discuss the fight against climate change. The COP28 2023 summit begins on November 30 and will continue until December 12.

What is the goal of the COP Summit?

The Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) is an international climate summit where world leaders come together to find solutions combat climate change. There are currently 198 Parties (197 countries plus the European Union) party to the Convention, constituting virtually universal membership.

COP28: what is it and why is it important? Mint explains

The importance of COP28

COP28 will maintain the target of limiting long-term global temperature rise to 1.5°C. In 2015, all countries agreed to keep this promise in Paris.

The 1.5°C target is crucial to avoiding the most disastrous impacts of climate change. However, recent estimates show that the world is currently on track to warm by about 2.4°C to 2.7°C by 2100.

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The tech mogul spends $2 million a year to stay young and show off his new “baby” face. second opinion

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December 2, 2023

Brian Johnson started “Project Baby” about 10 months ago. It is about slimming and reducing the size of the face so that you look younger.

Brian Johnson, the 46-year-old software billionaire who is seeking to reverse his biological age, recently revealed his new “baby face” in a social media post. Mr. Johnson posted a selfie on X (formerly Twitter) on Monday to show off the fruits of his labor, which he dubbed “Project Face Baby.” According to the New York Post, this project began about 10 months ago. It is about slimming and reducing the size of the face so that you look younger. “I got really slimmed down during my first year using Blueprint and lost a lot of volume in my face.

We launched the Baby Face 10 project,” Mr. Johnson, who has documented biohacking efforts to reverse the body’s biological age, wrote on X. months ago. How are we doing?” he asked his supporters. Notably, Blueprint was the name for his efforts that were marketed as a way to overcome death.

Since sharing it, Mr Junchun’s photo has attracted more than 3.4 million views and more than 2,400 likes. It received mixed reactions from social media users. While some people love the progress the tech mogul has made, others are criticizing the 46-year-old’s transformation.

“I like the progress, I think you look younger,” one user wrote. “Facial volume is important for a youthful appearance. We are so excited for our upcoming Project Baby Face!” Another said. “He really looks old and tired.

“I don’t understand what all the fuss is about,” a third user commented. Another person added: “Your skin is inhumanly pale right now, which makes most people feel uncomfortable, even though it may be very superficial.” One user even noticed that Mr. Junchun’s hairstyle was completely different. “I just want him to change his hairstyle. This seems strange, they wrote.

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‘Enchanted’: US Ambassador Eric Garcetti attends the Hornbill Festival in Nagaland

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December 2, 2023

In a series of posts on social media platform X, Ambassador Garcetti expressed his admiration for the festival and the rich diversity of Nagaland.

Kohima (Nagaland):

The Hornbill Festival in Nagaland attracted international attention when US Ambassador to India Eric Garcetti expressed his delight at this vibrant and grand cultural festival. In a series of posts on social media platform X, Ambassador Garcetti expressed his admiration for the festival and the rich diversity of Nagaland. “The Hornbill Festival is fantastic.

I loved meeting so many people and learning about the different Naga communities they represent. “I am proud and honored that the United States will join Germany as a partner nation in this year’s festival,” Ambassador Garcetti said on X.

The participation of the United States as a partner country with Germany adds an international dimension to the Hornbill Festival, promoting cultural exchange. Nagaland’s extraordinary beauty, complex history and diverse indigenous cultural heritage left an indelible impression on the American envoy. “Nagaland is like no other place in the world and you have to see it to believe it. I have already marked my return in my calendar!” he added. Expressing his passion for heritage and history, Ambassador Garcetti also visited the Nagaland State Museum.

“Museums are treasure troves of heritage and history. I loved visiting the Nagaland State Museum and learning a lot about the unique indigenous culture and traditions of the state. The Hornbill Festival is a 10-day annual cultural festival in Nagaland. It is also known as the “Festival of Festivals”.

The festival showcases the ethnic diversity of Nagaland through: folk dances, traditional music, local cuisine, handicrafts and art workshops. The festival is held in the first week of December. The government of Nagaland organizes the festival to promote the state’s cultural heritage and encourage tribal interaction. In Kohima, Nagaland, Garcetti also attended a World AIDS Day event on Friday along with state government officials, community leaders and civil society groups.

He said that India’s National AIDS Program has been hailed as a global model, and that the US government is proud to support the country’s efforts to combat the disease. “India’s National AIDS Program has been hailed as a global model, and the United States government is proud to partner and support these efforts,” the US Ambassador said.

In a warm greeting to the people of Nagaland, Ambassador Garcetti said: “Hello Nagaland! I was in Kohima and looking forward to attending the famous Hornbill Festival. “I have heard a lot about your rich culture and heritage, and I am here to learn more about you.”

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DSSD : Institute to Look For in 2024 For Data Analytics

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December 1, 2023

DSSD Introduction:
In the dynamic landscape of technology, staying ahead of the curve requires more than just theoretical knowledge—it demands practical skills, industry relevance, and a commitment to excellence. Established in 2015, DSSD has emerged as a powerhouse in computer education, with a network of over 10 branches across India. With a rich tapestry of courses covering digital marketing, data analytics, web development, graphic designing, programming, and accounting, DSSD is not just an institute; it’s a gateway to a transformative learning experience.

DSSD Pan India Presence
DSSD’s expansive reach with 10+ branches across the country reflects its commitment to making quality technology education accessible to aspiring professionals nationwide. Whether you’re in Delhi or down south, DSSD is your local partner for excellence in computer education.

Diverse Course Offerings
DSSD’s curriculum is a comprehensive mosaic, catering to the diverse needs of the IT industry. From digital marketing strategies to the intricacies of data analytics, web development, graphic design, and programming languages, DSSD ensures that students are well-equipped with the skills demanded by the ever-evolving technology landscape.

Prestigious Partnerships
DSSD’s commitment to providing top-notch education is further solidified by its partnerships with industry giants. As training and testing partners with Microsoft, Tally, Adobe, Certiport, NIELIT, and NSDC, DSSD ensures that its courses are aligned with industry standards, keeping students in sync with the latest advancements.

Impressive Track Record
With an impressive track record of having trained over 52,000 students, DSSD has successfully placed more than 48,000 professionals in the industry. This remarkable achievement is a testament to the institute’s dedication to providing market-linked programs that make students not just job-ready but industry-ready.

Data Analytics Specialization
DSSD stands out as a leader in data analytics training, recognizing the rising demand for professionals with expertise in this field. The specialized program covers a spectrum of skills, including Advanced Excel, VBA, Tableau, Power BI, SQL, Python, and more. With 20+ live projects integrated into the curriculum, students gain hands-on experience that sets them apart in the competitive job market.

Conclusion:
In a world where technology is the driving force behind progress, DSSD stands as a beacon of excellence, shaping the future of aspiring technologists. With a legacy of over seven years, a pan-India presence, prestigious partnerships, and a focus on market-linked programs, DSSD is not just a computer institute; it’s a catalyst for success in the digital age. Join DSSD today and embark on a journey towards a future where your skills are not just valued but sought after by leading industries.

Inspirational Milestones: Dr. R. Devika’s 25 Years of Academic Excellence and Pioneering Contributions in Environmental Sciences and Bioengineering.

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December 1, 2023

Dr. R. DEVIKA, M.Sc., M.Phil., Ph.D.,(Env.Sci.), PGDBI, M.Tech., Ph.D.,(BioEng.) is a
passionate teacher presently working as Professor Cum Research Promotion Management
Officer – AV campus, Aarupadai Veedu Institute of Technology, Paiyanoor. Her
specializations are in Environmental Sciences and Bioengineering with 24.7 years of
Academic experiences and 4.5 Years industrial experiences. She completed her Ph.D under
CSIR – SRF Fellowship. She is an university rank holder right from Under Graduation till
M.Phil. She has completyed several certification courses consistently to acquire and update
her knowledge in her area of experitise. She is guiding two Ph.D scholars and guided one
in various fields of expertise. She has published 90 research papers in several peered
SCOPUS and Web of Science indexed National and International journals with high impact
factors. She has presented and participated in 132 National and International conferences /
seminars. She has published five books namely “Enzyme” and “Food Microbiology”,
“Biomedical Nanotechnology”, “Food, Agriculture, Biotechnology and Nanotechnology”
and “Recent advances in Biosciences and Bio-Engineering” and published several books
chapters.

She has submitted 34 new Actinomycetes, Fungi and bacterial sequences in NCBI
database and published one patent. She has been recognized as Editor In Chief for Basic
Research Journal of Microbiology, Hononary Member of Editorial Board of IJBST group
of journals and as reviewer for several reputed peer journals. She is an active Life member
in several professional societies like Indian Science Congress, Indian Society for Technical
Education, Society for Biotechnologist, Society of Biological Chemist, Indian Association
of Biomedical Scientists, Association of Food Scientists and Technologists, International
Association of Engineers, Institute for Science, Engineering and Technology etc.

She has been as Chief Guest and delivered scientific lectures in the field of Biotechnology,
Bioinformatics and in FDPs in various institutions / organizations. As Head of the
department, she has organised two National and two International Conferences, six MoUs
with reputed industries and research laboratries, several guest lectures, workshops, hands
on trainiing, Industrial visits and seminars for students of Bioinformatics and
Biotechnolgy.

She has coordinated many awareness programs for villagers, school children, Polytechnic
colleges and Engineering colleges in the areas of food adulteration, Nuclear energy,
Vaccinations, Food and Nutrition, Vermi compost, Mushroom cultivation, TN ISTE
chapter conference etc. She has received sponsored funding around Rs 6,43,000/- for
conduction of conferences, awareness programs, Earth Day celebration, Entrepreneur
awareness program and for conducting Communal Harmony Celebrations from various
sectors of Govt. of India. As convener of Centre for Innovation and Excellence organised
several FDPs, Training programmes, Workshop, Micro teaching for faculty members of
various polytechnique college, Nursing colleges, Engineering colleges, Medical colleges
etc. in variuos places like Kanchipuram, Puducherry, Paiyanoor.

She is a recipient of several awards such as “Swathik Award for Proficiency, “The Best
Citizens of India Award, “Bharat Jyoti Award” ,“Certificate of Excellence”, “Bharat Ratna
Mother Teresa Gold Medal Award”, “Life Time Education Achievement Award-2016”,
“Inspirational Teacher Award”, “Human Handbook”, Short biography with photo in Asian
Admirable Achievers, “Highest Research Paper Publications – 2018”, “Lead Editor”, “Best
outstanding performance” in the contribution of Indian and Asian thickest book 2020 and
recently she received a Guinness record certificate for contributing a book in the World
thickest book “WORLD 2023” of 1,00,100 pages of 19 ft 34 inches.

Instagram: https://instagram.com/_drdevika?igshid=MzMyNGUyNmU2YQ==

Facebook: https://www.facebook.com/profile.php?id=61554203154610&mibextid=ZbWKwL

Understanding Simulataneous elections

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Team Happen Recently

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December 1, 2023

Simultaneous elections, often referred to as “One Nation, One Election,” propose the synchronization of various elections in India to be held at the same time. The idea primarily aims to streamline the electoral process, reduce the frequency of polls, and minimize the disruption caused by frequent elections.

Advocates of simultaneous elections argue that this approach would enhance political stability, as it would prevent the constant shift in focus from governance to election campaigns. With national, state, and local elections occurring concurrently, politicians could potentially allocate more time to policy-making and addressing public issues rather than being in perpetual campaign mode.

However, implementing simultaneous elections poses significant challenges. India’s political landscape is diverse, with elections occurring at multiple levels, from panchayats to the Lok Sabha. Synchronizing these elections would necessitate constitutional amendments, as the terms of various legislative bodies differ. Furthermore, achieving a harmonized electoral cycle is complicated by the possibility of premature dissolution of assemblies or unforeseen circumstances.

Critics argue that simultaneous elections might undermine the federal structure of India’s democracy. Regional issues, they contend, may be overshadowed by national concerns, potentially diminishing the representation of local interests. Additionally, the financial and logistical implications of conducting such large-scale elections simultaneously are substantial, raising questions about the feasibility of this proposal.

While the idea of simultaneous elections has generated considerable debate, its implementation requires careful consideration of constitutional, logistical, and democratic principles. Striking a balance between enhancing governance efficiency and preserving the essence of a diverse and federal democracy remains a complex task.

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The Emerging Global Order Bipolar

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Team Happen Recently

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December 1, 2023

The emerging global order appears to be increasingly bipolar, characterized by the dominance of two major powers shaping international relations. This shift is primarily driven by the rivalry between the United States and China, both vying for geopolitical influence and economic supremacy.

In recent years, China’s rapid economic growth and technological advancements have positioned it as a formidable global player, challenging the traditional dominance of the United States. The ongoing competition between these two powers extends beyond economic spheres to include military capabilities, technological innovation, and diplomatic influence.

The bipolar nature of the emerging global order is evident in the formation of distinct blocs and alliances. Countries align themselves with either the United States or China based on shared interests and strategic considerations. This polarization has led to the redefinition of geopolitical dynamics, with regional powers also seeking to assert their influence within this bipolar framework.

The technological realm has become a key battleground in this bipolar competition, particularly in areas such as 5G technology, artificial intelligence, and cyber capabilities. Control over these critical technologies not only enhances economic competitiveness but also bolsters military strength and overall global influence.

Despite the bipolar tendencies, it is essential to acknowledge the presence of other actors and regional dynamics that contribute to the complexity of the global order. Regional powers, non-state actors, and global challenges like climate change and pandemics play pivotal roles, influencing the trajectory of the emerging order.

In conclusion, the emerging global order is increasingly taking on a bipolar character, with the United States and China at the forefront of this transformation. The competition between these two major powers shapes alliances, economic interactions, and technological advancements, impacting the geopolitical landscape and setting the stage for a new era in international relations.

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Don’t give up coal anytime soon: India

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December 1, 2023

Mr. Modi is expected to attend several events on Friday before returning home in the evening. The highlight of his visit will be the national statement he is expected to make in the afternoon.

Hours before Prime Minister Narendra Modi arrives in Dubai on Thursday evening to attend the COP28 climate meeting, India reiterated that it cannot abandon its dependence on coal for power generation any time soon, even as the country rapidly increases its renewable energy supply. to ensure a rapid transition to green. energy.

“Coal is and will remain an important part of India’s energy mix, as it always has been, as we work towards meeting domestic development priorities,” External Affairs Minister Vinay Mohan Kwatra said at a press conference in New Delhi, before the press conference. . The Prime Minister’s visit to Dubai for a conference where coal use is expected to feature again in discussions.

Mr. Modi is expected to attend several events on Friday before returning home in the evening. The highlight of his visit will be the national statement he is expected to make in the afternoon.

He will also hold bilateral meetings with other world leaders. More than 140 heads of state and government are expected to attend the high-level session of COP28 on Friday.

India is often criticized for not abandoning coal-fired power plants quickly enough, but it maintains that it must continue using coal for some time to meet growing electricity demand.

“India is one of the very few major economies that is on track to fulfill its Nationally Determined Contribution (NDC) obligation. In fact, we announced and improved our NDC last year and we are pleased to say that we are now on track to achieve these improved NDC targets,” he said.

“We are proactively taking climate action steps that are practical and based on a very solid conceptual understanding and a very firm belief that our development must be green, inclusive development,” he said. timing consistent with our climate development priorities.” speak. speak.

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MSME claims worth Rs 700 million settled: End Secy

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December 1, 2023

“There are approximately 4,000 remaining complaints that need to be resolved, but the majority have been resolved.

This has provided significant relief to several MSMEs. Also, it makes them eligible for additional credits, additional purchases,” he said.

Finance Minister TV Somanathan said on Thursday that the Union government has settled 43,904 claims worth Rs 700 crore of micro, small and medium enterprises (MSMEs) under the Vivad se Vishwas II scheme ( contract dispute), was announced in the budget for FY24.

“There are approximately 4,000 remaining complaints that need to be resolved, but the majority have been resolved. This has provided significant relief to several MSMEs. Also, it makes them eligible for additional credits, additional purchases,” he said. MSME claims worth Rs 700 crore resolved: End Secy

“There are approximately 4,000 remaining complaints that need to be resolved, but the majority have been resolved. This has provided significant relief to several MSMEs. Also, it makes them eligible for additional credits, additional purchases,” he said.

Finance Minister TV Somanathan said on Thursday that the Union government has settled 43,904 claims worth Rs 700 crore of micro, small and medium enterprises (MSMEs) under the Vivad se Vishwas II scheme ( contract dispute), was announced in the budget for FY24.

“There are approximately 4,000 remaining complaints that need to be resolved, but the majority have been resolved.

This has provided significant relief to several MSMEs. Also, it makes them eligible for additional credits, additional purchases,” he said. The Vivad se Vishwas II program was launched on July 15 to resolve bidding-related disputes and the deadline for submitting complaints by contractors is October 31. Recently, the Department of Expenditure later extended the deadline to December 31.

This system applies to all domestic contract disputes where one of the parties is the Government of India or government enterprises. Under this scheme, for court awards made on or before April 30, 2023, the amount of payment given to the contractor will be 85% of the net amount awarded/determined by the court. receive. For arbitration awards entered on or before January 31, 2023, the proposed settlement amount may be up to 65 percent of the net amount awarded.

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IMF Managing Director KV Subramanian forecasts 7% growth in FY24, says India ‘is charting its own path’

COP28 Summit 2023: Prime Minister Modi returns to Delhi, shares details on 10 updates from the Global Climate Action Summit

The tech mogul spends $2 million a year to stay young and show off his new “baby” face. second opinion

‘Enchanted’: US Ambassador Eric Garcetti attends the Hornbill Festival in Nagaland

DSSD : Institute to Look For in 2024 For Data Analytics

Inspirational Milestones: Dr. R. Devika’s 25 Years of Academic Excellence and Pioneering Contributions in Environmental Sciences and Bioengineering.

Understanding Simulataneous elections

The Emerging Global Order Bipolar

Don’t give up coal anytime soon: India

MSME claims worth Rs 700 million settled: End Secy

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