Bihar Affairs
‘Shodh Shuddhi’ project: Universities in Bihar to use software to check plagiarism
In order to improve and raise the standard of research, state’s universities have geared up to use a much more stringentanti-plagiarism softwareto conduct checks on all thesis submissions and dissertations. Under the UGC’sinformation and library Network(INFLIBNET) scheme, around 15 higher Education institutions in the state have been provided plagiarism detection Software (PDS) through the’Shodh Shuddhi’ project.
Many universities have also already started screening the theses for plagiarism before accepting them for evaluation.
Shodh Chakra supports the university to collect and organise the entire life cycle of the scholars registered for the research programme. It is an interactive dashboard to keep a record of all the communications that happen between the research guide (faculty member), scholars and the research administration.
National and International Affairs
Economic Survey 2022-23
The Economic Survey is an annual report card of the economy, which is presented a day before the budget and examines the performance of each and every sector and then suggests future moves.
India’s economy to grow 6.5% in 2023-24, compared to 7% this fiscal and 8.7% in 2021-22. Gross domestic product (GDP) in nominal terms to be 11% in next fiscal
Growth driven by private consumption, higher capex, strengthening corporate balance sheet, credit growth to small businesses and return of migrant workers to cities
growth to be in the range of 6-6.8% next fiscal depending on global economic, political developments
Challenge to rupee depreciation persists with the likelihood of further interest rate hikes by the US Fed
Current Account deficit (CAD) may continue to widen as global commodity prices remain elevated, economic growth momentum stays strong. If CAD widens further, rupee may come under depreciation pressure
The country’s Current Account Deficit widened to 4.4% of the GDP in the quarter ending September, from 2.2% of the GDP during the April-June period due to a higher trade gap, according to the latest Reserve Bank Of India (RBI) data.
India has sufficient forex reserves to finance CAD and intervene in forex market to manage rupee volatility
The growth in exports has moderated in second half of current fiscal; the surge in growth rate in 2021-22 and first half of current fiscal led to production processes shifting gears from ‘mild acceleration’ to ‘cruise mode’
Slowing world growth, shrinking global trade led to loss of export stimulus in the second half of current year
Bank credit growth likely to be brisk in FY24 on back of benign Inflation, moderate credit cost
Credit growth to small businesses high at over 30.5% in January-November, 2022
Central govt capex grew 63.4% in April-November of current fiscal
Stock market gave positive returns in calendar year 2022 unfazed by FPI withdrawal
Private consumption, Capital Formation led economic growth in current fiscal has helped generate EMPLOYMENT; urban employment rate declined, while Employee Provident Fund registration rose
The Survey said that ‘entrenched inflation’ may prolong the tightening cycle and therefore borrowing costs may stay higher for longer
India and Japan to conduct joint exercise to strengthen cooperation in air defence
The joint exercise, which will go through January 26th, intends to encourage international collaboration in air DEFENCE.
Four Su-30 MKI, two C-17, and one IL-78 aircraft from the Indian contingent will take part in the air exercise, while four F-2 and four F-15 aircraft from the JASDF will take part.
According to a statement from the Ministry of Defence, the first exercise would involve several aerial combat drills between the two Air Forces.
Theyll engage in sophisticated multi-domain air combat operations while exchanging best practises.