India’s first technology business incubation centre based on green technology named ‘Greenovator Incubation Foundation’ is to be set up at National Institute of Technology (NIT) Srinagar. Technology Business Incubation or Inclusive TBI (i-TBI) is a three-year initiative supported by the Department of Science and Technology (DST) for educational institutions, innovators and entrepreneurs. DST provides all necessary funds for setting up the centre.

Prime Minister Narendra Modi launched the Gandhinagar-Mumbai Vande Bharat Express train, the third in the Vande Bharat series, between Mumbai and Ahmedabad. The two additional Vande Bharat Express trains, which began service in February and October of this year, operate from New Delhi to Varanasi and Katra, respectively. The 'Vande Bharat 2.0' Gandhinagar-Mumbai Express train travels 540 kilometers in 6 hours and 30 minutes.

The Cabinet Appointments Committee named Rajiv Bahl, a renowned World Health Organization researcher, as Director General of the Indian Council of Medical Research (ICMR). Bahl is the World Health Organization's (WHO) director of research for maternal and newborn health, adolescent health, and aging. He will also serve as Secretary of Health Research (DHR). He spent ten years as a Senior Scientist at the AIIMS before joining WHO.

The Army has enabled satellite broadband-based internet service atop the Siachen Glacier in partnership with Bharat Broadband Network Limited (BBNL). At a height of 19,061 feet, the glacier is located in the Himalayas' eastern Karakoram range. The BBNL is a totally owned government-owned supplier of broadband infrastructure. It is operating under the Bharat Net scheme to deliver internet connectivity to rural and distant locations using satellites.

Union Minister Piyush Goyal issued a handbook titled 'Safety in Electrical Installations - A Way Forward to Safety by National Electrical Code of India' as well as a guide for using the National Building Code of India 2016. It was unveiled at the Bureau of Indian Standards' (BIS) fourth Governing Council Meeting. Pamphlets are also distributed to raise public awareness about building their own home or purchasing from a builder.

Prime Minister Narendra Modi will lay the groundwork for the 'Kartavya Path' at India Gate in New Delhi. Kartavya Path will have landscape improvements, lawns, new green spaces, rehabilitated canals, enhanced parking, and new exhibition panels. It also has a number of sustainability elements such as solid waste management, used water recycling, and energy-efficient lighting systems, among others.

Amit Shah, Union Home Minister, presided over the 30th Southern Zonal Council meeting in Thiruvananthapuram. 26 problems were considered at the meeting, 9 were resolved, and 17 were reserved for future consideration. The major goals of the Zonal Council meeting are resolutions. Center-state and inter-state issues are resolved through mutual agreement, and regional cooperation among states is promoted, among other things.

The Department of Biotechnology (DBT), in collaboration with the Serum Institute of India, is preparing to launch India's first indigenously created Quadrivalent Human Papillomavirus (qHPV) vaccine against cervical cancer. According to the World Health Organization (WHO), India accounts for almost one-fifth of the global cervical cancer burden, with 1.23 lakh cases and approximately 67,000 deaths each year.

The movement from an agrarian-based economy to a manufacturing and the service-based economy shows that, a country is moving from a less developed phase to a developing and developed phase.

The Economic Survey of India is the flagship annual document of the Finance Ministry. The Department of economic affairs, Ministry of Finance presents the Survey in the parliament every year, just before the Union Budget. It is prepared under the guidance of the Chief economic advisor of India. This document is presented to both Houses of Parliament during the Budget session.

The GDP deflator measures price inflation in an economy.It measures the changes in prices for all of the goods and services produced in an economy. The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.

The Factors of production are the inputs available to supply goods and services in an economy. They are Land, Labour, Capital and Enterprise.

Tax is the cost imposed by the government over goods and services in an economy to generate revenue for the government for its expenditure. This includes capital as well as revenue expenditure.

Market equilibrium is defined by equality between quantity demanded and quantity supplied in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.

In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.

The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.

Price Elasticity is the measure of the degree of responsiveness of demand for a commodity to change in its price. That means the low price elasticity is demand doesn’t change with the price. These are the necessary goods.

Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area’s total income by its total population