1 . Q4 Estimates of GDP released
Estimate releasing agency
Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation.
Important statistics related with GDP & GVA
1 . In the Fourth quarter (Q4) Jan 2018 –Mar 2018 Gross Domestic Product is estimated to grow at 7.7 percent.
2 . Q4 registered the strongest quarterly growth last financial year indicating a broader continuity in growth acceleration trends.
3 . Real GDP or GDP at constant prices has reached Rs 34.77 lakh crore in Q4 as against Rs 32.27 Lakh crore in Q4 2016-17.
4 . The GDP at the constant prices is estimated to grow at 6.7 percent for the financial year 2017-18.
5 . The Real GVA, i.e. GVA at basic constant prices (2011-12) has been estimated at 119.76 Lakh Crore for the year 2017-18 showing a growth rate of 6.5 percent over revised estimate of GVA for the year 2016-17 of Rs 112.48 Lakh Crore.
Important statistics related with per capita income & national income
1 . The per capita income at current prices during 2017-18 is estimated to have attained a level of Rs 1,12,835 as compared to the estimates for the year 2016-17 of Rs 1,03,870, showing a rise of 8.6 per cent
2 . In real terms, calculated at constant prices with base 2011-12, the per capita income grew by 5.4 per cent to Rs 86,668 in 2017-18 as compared to Rs 82,229 in 2016-17.
3 . The country’s gross national income (GNI) at current prices witnessed a rise of about 10 per cent at Rs 165.87 lakh crore during 2017-18 as against Rs 150.77 lakh crore during 2016-17.
4 . On real terms (with 2011-12 base year), the GNI increased at a slower rate of 6.7 per cent to Rs 128.64 lakh crore in fiscal ended March 2018, as against the previous year’s estimate of Rs 120.52 lakh crore.
5 . The per capita net national income in 2016-17 stood at Rs 1,03,870, witnessing a growth of over 10.3 per cent from the preceding fiscal ended March 2016 (at Rs 94,130).
1 . What is Gross Value Added(GVA)?
Put simply, it is a measure of total output and income in the economy. It provides the rupee value for the amount of goods and services produced in an economy after deducting the cost of inputs and raw materials that have gone into the production of those goods and services. It also gives sector-specific picture like what is the growth in an area, industry or sector of an economy.
2 . What is Gross Domestic Product(GDP)?
GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year.
3 . What is Net National Income?
Net National Income is Gross National Income or Gross National Product less depreciation.
Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income from abroad. It measures the monetary value of all the finished goods and services produced by the country’s factors of production irrespective of their location.
2 . Pradhan Mantri Awas Yojana (Urban)
Reasons for being in news
Recently Ministry of Housing & Urban Affairs has approved the construction of another 1.5 lakh affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs.7,227cr with central assistance of Rs.2,209 cr.
With the above proposed houses, cumulative houses under PMAY(U) would be 47,52,751 houses.
ABOUT PRADHAN MANTRI AWAS YOJANA
The Pradhan Mantri Awas Yojana (Urban) Programme launched by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA), in Mission mode envisions provision of Housing for All by 2022, when the Nation completes 75 years of its Independence.It is being implemented from 2015.
Features of the Yojana
1 . “Housing for All” Mission for urban area is being implemented during 2015-2022 and this Mission will provide central assistance to implementing agencies through States and UTs for providing houses to all eligible families/beneficiaries by 2022.
2 . Mission will be implemented as Centrally Sponsored Scheme (CSS) except for the component of credit linked subsidy which will be implemented as a Central Sector Scheme.
3 . Mission with all its component has become effective from the date 17.06.2015 and will be implemented upto 31.03.2022
Coverage and Duration
All 4041 statutory towns as per Census 2011 with focus on 500 Class I cities would be covered in three phases as follows:
1 . Phase I (April 2015 – March 2017) to cover 100 Cities selected from States/UTs as per their willingness.
2 . Phase II (April 2017 – March 2019) to cover additional 200 Cities
3 . Phase III (April 2019 – March 2022) to cover all other remaining Cities
The Mission seeks to address the housing requirement of urban poor including slum dwellers through following programme verticals:
1 . Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource
2 . Promotion of Affordable Housing for weaker section through credit linked subsidy
3 . Affordable Housing in Partnership with Public & Private sectors
4 . Subsidy for beneficiary-led individual house construction /enhancement.
New construction technologies
To fast track the construction of sanctioned houses, the Ministry has identified new technologies for mass housing construction and building materials for adoption among States/UTs. In addition, the Ministry is also organizing Global Housing Construction Technology Challenge (GHCTC) to co-opt internationally acclaimed rapid mass housing construction technologies and to help States/UTs to construct sanctioned houses under PMAY(U) to address housing shortage in the urban areas by 2022.
3 . Pradhan Mantri Gram Sadak Yojana (PMGSY)
Reasons for being in news
The Government of India and the World Bank recently signed a $500 million loan agreement to provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project, implemented by Ministry of Rural Development, Govt. of India, which will build 7,000 km of climate resilient roads, out of which 3,500 km will be constructed using green technologies.
Contribution of World Bank in PMGSY
The World Bank has supported PMGSY since its inception in 2004. So far it has invested over $1.8 billion in loans and credits mostly in the economically weaker and hill states across North India – Bihar, Himachal Pradesh, Jharkhand, Meghalaya, Rajasthan, Uttarakhand, and Uttar Pradesh. It has built and improved about 35,000 km of rural roads and benefited about eight million people with access to all-weather roads.
WHAT IS PMGSY ?
The Pradhan Mantri Gram Sadak Yojana (PMGSY) is a nationwide plan to provide good all-weather road connectivity to unconnected villages in our country.This Centrally Sponsored Scheme was introduced in 2000 . The aim was to provide roads to all villages-
1 . with a population of 1000 persons and above by 2003
2 . with a population of 500 persons and above by 2007
3 . in hill states, tribal and desert area villages with a population of 500 persons and above by 2003
4 . in hill states, tribal and desert area villages with a population of 250 persons and above by 2007
4 . ‘Solid Fuel Ducted Ramjet (SFDR)’ propulsion based missile
Reasons for being in news
The technology demonstrator flight test of ‘Solid Fuel Ducted Ramjet (SFDR)’ propulsion based missile has been carried out successfully from the Launch Center-III of ITR, Chandipur, Orissa recently.
About SFDR missile
Solid Fuel Ducted Ramjet tactical Air launched Missile is a new breed of an Air-to-Air missile which India has been jointly developing with Russia. SFDR aka Astra-2 is India’s first at Next generation beyond-visual-range air-to-air missile (BVRAAM) which will incorporate booster-ram jet sustainer propulsion system, which will propel new missile in the same class as MBDA’s Meteor beyond-visual-range air-to-air missile.
SFDR stunning performance will be achieved through its unique ramjet propulsion system – solid fuel, variable flow, ducted rocket advanced flight control system which will give it extra reach there by allowing it to engage targets at very long ranges. This ‘ramjet’ motor provides the missile with thrust all the way to target intercept, providing the largest No-Escape Zone of any air-to-air missile.
Ducted Ramjet Propulsion Technology is capable of producing higher thrust levels during acceleration phase due to higher maximum fuel flow rate which results into shorter acceleration time to hypersonic cruise conditions.
Comparison of Conventional Rocket Motor with SFDR
Conventional Rocket Motor based BVRAAMs have higher burning out rate since it works in the same amount of thrust levels from the moment it is fired, which means it can run out of fuel when it reaches its target in longer range and highly maneuverable targets can outrun the missile in the last phase if missile is fired from a long range.
Ramjets, by contrast, maintain their peak energy state for longer, delivering power throughout the flight, providing a high – though slightly slower – average speed and long ranges over a wide operational envelope, from sea level to high altitude.
Unlike traditional rocket motor,SFDR can throttle its engine during different phases of flight especially while approaching its target it can throttle up and able to maneuver and attack even fast maneuvering targets.
Not only does this mean the SFDR will have more energy to maneuver during the endgame of the engagement, but this capability also drastically increases the size of the missile’s “no escape zone.”
Significance of SFDR
The SFDR is indeed a high priority project for DRDO and future requirement for Indian Armed Forces w.r.t evolving threats of India’s unpredictable & unstable neighbors having no respect for India’s sovereignty. The future of missile warfare indeed belongs to air-breathing engines like ramjet, scramjet, shcramjet and pulse detonation engine.
SFDR BVRAAM Will help in maintaining the Air supremacy against Pakistan by rendering their Air Power obsolete but also help IAF to achieve parity with PLAAF against their new unknown Long range Air to Air Missile .
5 . World No Tobacco Day
World No Tobacco Day (WNTD) is observed around the world every year on 31 May.
It is intended to encourage a 24-hour period of abstinence from all forms of tobacco consumption around the globe. The day is further intended to draw attention to the widespread prevalence of tobacco use and to negative health effects, which currently lead to nearly 6 million deaths each year worldwide, including 600,000 of which are the result of non-smokers being exposed to second-hand smoke.
WNTD is one of eight official global public health campaigns marked by the WHO, along with World Health Day, World Blood Donor Day, World Immunization Week, World Tuberculosis Day, World Malaria Day, World Hepatitis Day, and World AIDS Day.
The theme for World No Tobacco Day 2017 was “Tobacco – a threat to development.” In 2018, it is “Tobacco breaks hearts”.
India among top 4 users of tobacco
This potentially lethal substance is responsible for more than 1 in 10 fatalities globally, with India featuring among the top four users of tobacco. About 11.2 percent smokers worldwide are Indian.
India is the second largest consumer of tobacco products with 28.6 percent of the population addicted to it in any form. Of this, 10.7 percent smoke, and 21.4 percent use SLT. Of the 346 million global SLT consumers, India alone has 152.4 million consumers with a substantial increase across all age groups.