Ratings agency Fitch raised India’s GDP growth estimates for FY24 and FY25 on Thursday, as compared with its previous outlook, citing growing domestic demand and improved business and consumer confidence.

Terming the upward revisions “sizeable", the ratings agency changed the FY24 estimate to 7.8% from 6.9% in December 2023, and the FY25 estimate to 7%, from 6.5% a quarter ago. It also lowered its expectations of future rate cuts.

"With GDP growth having exceeded 8% for three consecutive quarters, we expect an easing in growth momentum in the final quarter of the current fiscal year, implying an estimate of 7.8% for growth in FY24," Fitch said.

Around 100 jails across the country have been certified as Eat Right Campus by the Food Safety and Standards Authority of India (FSSAI). The Ministry of Health and Family Welfare, today, said that the highest number of jails certified were from Uttar Pradesh, followed by Punjab, Bihar and Madhya Pradesh. It said, the initiative saw participation and certification of some prominent jails of India, including the Tihar Prison in Delhi, Central Jail Gaya in Bihar, Modern Central Jail in Punjab, Central Jail Rewa in Madhya Pradesh and along with several district and Mandal jails. The Ministry added that by extending the Eat Right Campus certification to prisons and correctional facilities, FSSAI focuses on ensuring access to safe and nutritious food for all, including inmates and prison staff.

In Bangladesh, a legendary Rabindra Sangeet singer Sadi Mohammad passed away on Wednesday evening. The younger brother of the deceased and distinguished dancer Shibli Mohammad confirmed the death to the media in Dhaka. He was 70. Family sources said that Sadi was practising music with his Tanpura in a room of their house in Dhaka on Wednesday evening. Suddenly, his brother Shibli Mohammad noticed the closed door of the room. Upon breaking open the door, he found the singer’s lifeless body hanging from the ceiling fan. He was mentally disturbed after his mother’s death last year.

Sadi Mohammad completed his bachelor’s and master’s in Rabindra Sangeet from the Visva-Bharati University in India and is the son of Liberation War martyr Salimullah and Jebunnesa Salim Ullah. Sadi served as the director of the cultural organisation Rabi Raag. His death has cast a grim shadow in Bangladesh’s cultural sphere.

As India emerges as a major gaming hub, more and more gamers and game enthusiasts are getting into the arena of game development. KRAFTON, one of the major game development companies in the world has announced a first of its kind incubator for game development which will allow development from the concept stage. Anuj Sahani, head of KRAFTON India Incubator Program and India Publishing Advisor, while speaking to The Indian Express said they have shortlisted two companies which would be the first cohort to be incubated by the company.

Valued at roughly $ 180 billion, the gaming industry across the world has seen robust growth across the years.

India’s share is minimal given the country is still at the infant stages when it comes to development of games. While game development might be at its infancy, India is a major gaming hub with almost all multinational players customising their games for the Indian market. KRAFTON has invested around $ 160 million in various startups since they entered India in 2021 and has plans to invest $ 150 million more in the next 2-3 years.

The Rajasthan government has decided to distribute free seeds of millets and coarse grains to the state’s farmers in a bid to boost millet production.

“We have decided to provide free mini kits of maize seeds to 1.2 million farmers, pearl millet (bajra) seeds to 800,000 farmers, mustard seeds to 700,000 farmers, moong seeds to 400,000 farmers, and sorghum (jowar) and moth seeds to 100,000 farmers,” Chief Minister Bhajan Lal Sharma said.

An official of the agriculture department said that the free seeds kits will be distributed starting next financial year.

Rajasthan has a share of 26 per cent in total millet production of the country. Pearl millet and sorghum are the main millet crops produced in the state, with Rajasthan accounting for the country’s 41 per cent bajra production.

Mumbai, the perennial domestic heavyweights, brought an end to their eight-year title drought by clinching a historic 42nd Ranji Trophy title on Thursday. Their resounding victory came on the fifth and final day of the summit clash against a resilient Vidarbha side by 169 runs.

The victory was even sweeter for the Ajinkya Rahane-led Mumbai as they clinched the record-extending title at their home ground, the iconic Wankhede Stadium.

The Centre and the Asian Development Bank (ADB) on Thursday signed a $23 million loan agreement to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT-City).

The signatories to the loan agreement for Promoting Research and Innovation through Development of Fintech Institute at GIFT-City Project were Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, for the Government of India, and Rajesh Vasudevan, Officer-in Charge of ADB’s India Resident Mission, for ADB.

B Sairam is the new Chairman and Managing Director (CMD) of Northern Coalfields Limited (NCL), the Singrauli-based flagship Subsidiary of Coal India Limited. He has assumed the charge for the post on Wednesday.

Sairam has a vast reservoir of knowledge and experience spanned over 33 years of dedicated service in the coal sector.

A distinguished graduate mining engineer from NIT Raipur, Sairam has traversed various domains within the coal industry, including mine operations, planning, logistics, and regulatory affairs.

Less than 24 hours after they were selected by a panel led by Prime Minister Narendra Modi, retired IAS officers Gyanesh Kumar and Sukhbir Singh Sandhu took charge as Election Commissioners on Friday morning.

The committee of the Prime Minister, Home Minister Amit Shah and Leader of the Congress in the Lok Sabha Adhir Ranjan Chowdhury met on Thursday afternoon to select two candidates for the vacant EC posts. By evening, President Droupadi Murmu appointed the two, issuing a notification under the Chief Election Commissioner and Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023.

The two appointments became the first to be conducted as per the new Act.

World Consumer Rights Day 2024: Consumers have certain rights that are needed for them to be aware of in order to avoid being exploited or misled. The rights also ensure that the consumers get total value for money. In order to ensure that they are not exploited or cheated on, it is important for them to know the rights and practice them all the time. Sometimes people are not aware of their rights, and it can be difficult for them. World Consumer Rights Day is observed to create more awareness about consumer rights. This is different from National Consumer Rights Day. While both speak of similar rights, National Consumer Rights Day is celebrated at a national level while World Consumer Rights Day is observed at a global level with different focus and scope.