1. Senior Biju Janata Dal leader Pramila Malik has been elected unopposed as the new Speaker of the Odisha Assembly.

2. Pramila Mallik has been MLA from Binjharpur assembly constituency six times, for the first time she was elected in the year 1990 on the Janata Dal ticket and in the year 2000 from Biju Janata Dal.

1. The Indian Navy's indigenously built warship INS Sahyadri participated in the first trilateral maritime partnership exercise with the Royal Australian Navy (RAN) and the Indonesian Navy.

2. “The trilateral exercise provided an opportunity for the three maritime nations to strengthen their partnership and improve their collective capacity to support a stable, peaceful and secure Indo-Pacific region.

1. Mata Amritanandamayi Devi has been selected for the '2023 World Leader for Peace and Security Award' by the Boston Global Forum (BGF) and Michael Dukakis Institute for Leadership and Innovation (MDI).

National Income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. In expenditure method, the National Income is measured by adding up the four flows, - namely C, I, G, X and M.

Thus, Y = C+1+G + (X-M) + (X- M) Where,

C = Total consumption expenditure

I = Total investment expenditure

G = Total government expenditure

X = Export,

M = Import

1. Veerangana Durgavati Tiger Reserve will be created by merging Nauradehi Sanctuary in Sagar and Rani Durgavati Sanctuary in Damoh in Madhya Pradesh.

2. Along with this, it is the seventh tiger reserve of Madhya Pradesh and the 54th tiger reserve in the country.

Income method measures National Income from the side of payments made to the primary factor of production for their productive services in an accounting year.

The components of factor income are (i) Employee’s Compensation, (ii) Profit, (iii) Rent, (iv) Interest, (v) Mixed income and (vi) Royalty.

Profit, rent, interest and other mixed income are jointly known as operating surplus.

The difference between Gross National Product and Depreciation is called Net National Product (NNP). NNP at factor cost is the net output evaluated at factor prices. It includes income earned by factor of production through participation in the production process, such as wages and salaries, rents, profits etc.

It is also called National Income. NNPFC = NNPmp – Indirect taxes

+ Subsidies = National Income. But now NNP_MP is National Income

1. The world's first 3D rocket is set to launch from Sriharikota soon.

2. This is the rocket Agnibaan of Chennai's private space company Agnikul Cosmos.