Notes:
The Asian Development Bank (ADB) retained India’s economic growth forecast at 6.4 per cent for FY24.
The forecast is based on recovery in consumption demand in both rural and urban areas. The Indian economy grew 7.2 per cent in 2022-23. In an update to its Asian Development Outlook (ADO), ADB lowered its inflation projection for current fiscal year (FY24) at 4.9 per cent.

Notes:
In a victory for the Rishi Sunak government, the U.K. House of Lords passed the Illegal Migration Bill, a law that will make it the Home Secretary’s “duty” to remove illegal migrants from the U.K.
This bill will significantly change existing protections for asylum seekers. By decreasing access to routes to asylum, the Bill seeks to deter illegal migration to the country – especially via small boats crossing the English Channel.

Notes:
Facebook parent company Meta has unveiled a generative artificial intelligence (AI) model called “CM3leon”. It possesses the ability to generate both images from text and text from images.
The AI model CM3Leon is also distinguished by being one of the first image generators capable of generating captions for images, laying the groundwork for more capable image-understanding models going forward.

Notes:
Australia and New Zealand are jointly hosting the 9th edition of the FIFA Women’s Football World Cup. New Zealand opened with a 1-0 win over Norway.
In the latest edition, 32 nations including defending world champions US are taking part. It is the first Women’s World Cup with two co-hosts.

Notes:
The India surf team, participating for the first time, in the Asian championship has bagged the bronze medal.
Two Tamil Nadu youths also broke into the top 10 Asian rankings. As a team, India scored 2,708 points securing the third position, thereby winning the bronze medal. Japan won the gold with 4,450 points.