Daily Current Affairs – 04-05-2024

General/Other

ECO-FRIENDLY WATER TREATMENT SOLUTION

Indian Institute of Petroleum& Energy( IIPE), Visakhapatnam, in association with other research institutions, have found an effective eco-friendly solution ‘ Surface Modification Technique of Membrane’. It aims to resolve the problems associated with water treatment at various levels, particularly for muddy river water. This technique is eco-friendly and it utilizes non-toxic gases.

Economy/Business

The National Institute of Public Finance and Policy (NIPFP) predicts India’s GDP growth for the fiscal year 2024-25 to be 7.1%.

Asian Development Bank (ADB) and Fitch Ratings estimate a growth rate of 7% for FY25. International Monetary Fund (IMF), S&P Global Ratings, and Morgan Stanley estimate a growth rate of 6.8% for FY25. Organisation for Economic Co-operation and Development (OECD) has revised India’s GDP growth projection upward to 6.6% for FY25.