29th NOVEMBER 2024 ENGLISH TNPSC CURRENT AFFAIRS PDF TNPSC SHOUTERS

29th NOVEMBER 2024 ENGLISH TNPSC CURRENT AFFAIRS PDF TNPSC SHOUTERS

Index of Eight Major Industries for October 2024

• The composite index of eight major industries increased by 3.1 percent (provisional) in October 2024 as compared to the index of October 2023. The production of cement, refinery products, coal, fertilizers and steel registered positive growth in September 2024.
• The industrial index measures the combined and individual production performance of eight major industries namely coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.
• The final growth rate of the index of eight major industries for July 2024 is 6.1 percent. The overall growth rate for the period April to October 2024-25 as compared to the same period of the previous year is 4.1 percent (provisional).
• Coal - Coal production (weight: 10.33 percent) increased by 7.8 percent in October 2024 compared to October 2023.
• Crude oil - Crude oil production (weight: 8.98 percent) decreased by 4.8 percent in October 2024 compared to October 2023.
• Natural gas - Natural gas production (weight: 6.88 percent) decreased by 1.2 percent in October 2024 compared to October 2023.
• Petroleum refining products - Petroleum refining production (weight: 28.04 percent) increased by 5.2 percent in October 2024 compared to October 2023.
• Fertilizers - Fertilizer production (weight: 2.63 percent) increased by 0.4 percent in October 2024 compared to October 2023.
• Steel - Steel production (weight: 17.92 percent) increased by 4.2 percent in October 2024 over October 2023.
• Cement - Cement production (weight: 5.37 percent) increased by 3.3 percent in October 2024 over October 2023.
• Electricity - Electricity production (weight: 19.85 percent) decreased by 0.6 percent in October 2024 over October 2023.

The country's GDP growth rate in the 2nd quarter of the current financial year is expected to increase to 5.4 percent

• A press release issued by the National Statistical Office of the Union Ministry of Statistics and Programme Implementation has estimated the country's GDP and its expenditure for the 2nd quarter from July to September for the financial year 2024-25. 
• It is reported that the estimates are made in two ways, namely constant prices (2011-12) and current prices. The quarterly and half-yearly aggregate value index changes annually in economic activities according to the estimates related to basic prices.
• The country's GDP growth rate in the second quarter of the financial year 2024-25 is estimated to increase to 5.4 percent. This is lower than the growth rate of 8.1 percent in the second quarter of the last financial year. 
• Despite the fact that the manufacturing sector grew by 2.2 percent and the mining and quarrying sector grew by -0.1 percent, the total revenue for the half-year registered a growth of 6.2 percent.

Monthly India Accounts till October

• The total revenue of the Central Government till October 2024 is Rs 17,23,074 crore. This is 53.7 percent of the budget estimates for the financial year 2024-25. 
• Of the total revenue, tax revenue till October is Rs 13,04,973 crore, non-tax revenue is Rs 3,99,294 crore and non-debt capital revenue is Rs 18,817 crore. Of this, Rs 7,22,976 crore has been given to the state governments. 
• The central government's tax share to the state governments is Rs 1,94,571 crore more than in the previous financial year. The total expenditure of the central government (51.3 per cent of the budget estimates for the financial year 2024-25) is Rs 24,73,308 crore. 
• Of this, Rs 20,07,353 crore is revenue expenditure and Rs 4,66,545 crore is capital expenditure. Of the total revenue expenditure, Rs 5,96,347 crore is spent on interest and Rs 2,48,670 crore on major subsidies.

Submarine missile test successful

• A long-range hypersonic missile was successfully test-fired from the Odisha coast 10 days ago. Following this, the nuclear-capable K-4 missile was successfully test-fired from the nuclear-powered submarine INS Arigat yesterday. The test was conducted from the Bay of Bengal in Visakhapatnam. 
• With this, India has joined the ranks of a few countries that can launch nuclear-capable missiles from land, air and under the sea. The submarine-launched missile has a range of up to 3,500 km. This is the first such test to be conducted.