The following are the important development in various fields including economy.
India US defence ties : There will be a quantum Jump in the defence relationship between US and India. Based on the ties between the two countries the twin pacts are joined manufacturing of GE – F414 fighter jet engines and sale of armed MQ -9B predator drones . These pacts are for a non – military ally of US. The $3.5 billion for 31 drones will help in guarding of sky and sea for army, IAF and navy . It will improve the intelligence , surveillance and reconnaissance and strike missions both in the land borders with China and Pakistan and Indian Ocean region . The co production of GE -F414 INS 6 turbo fans engines will be used in Tejas Mark – 2 fighters . It ill give further boost for industrial collaboration . This will help India for improved monitoring of In do China border.
The search for missing sub is in critical stage : Rescue team is racing to find the missing vessel. It’s 96 hours of life support is getting closer. The submersible was headed to 13 thousand feet under water .More vessels joing the search operation as noises were heard .Titanic tourism is very dangerous . Mysterious sound heard during the search.
World’s most livable cities for 2023 : The world’s most livable cities released by economist for 2023 .Vienna has come on top yet again. The factors considered for the ranking are health care, education , stability ,infrastructure and environment. Vienna held first place for it’s reliable infrastructure ,entertainment ,impeccable education , health service and standout culture. This city is followed by Copenhagen of Denmark which retained second place .Switzerland has got it’s Zurich and Geneva in top 10 entries .
Fitch revises GDP forecast of India to 6.3% for current fiscal year : Fitch in March has lowered forecast for 2023-24 to 6% from 6.2% because of headwinds from higher inflation and interests and with subdued global demand .For 2024-25 and 2025-26 fiscal years the growth estimated is 6.5% each.
