Day: October 10, 2018

IMF projects India’s growth at 7.3% in 2018

IMF projects India’s growth at 7.3% in 2018 The International Monetary Fund (IMF) forecasted a growth rate of 7.3% for India in 2018. IMF also predicted a growth rate of 7.4% in 2019. If projections are true, then India would regain the tag of the fastest growing major economies of the world, crossing China with more than 0.7 […]

Govt launches Sovereign Gold Bond Scheme

Govt launches Sovereign Gold Bond Scheme The government launched the Sovereign Gold Bond Scheme FY19 on 8 October 2018. The scheme retains the incentives offered in the earlier tranche—2.5% interest rate and capital gains tax exemption on redemption. The tenor of the bond will be for a period of 8 years with an exit option […]

IMF cuts global growth forecast to 3.7%

IMF cuts global growth forecast to 3.7% International Monetary Fund cuts its forecast for world growth for 2018 and 2019 at 3.7%. The decline in the forecast has been made due to an upswing in economic risks, rising trade tensions and record debt. The forecast has been made in the World Economic Outlook, the annual flagship report […]

India’s first Olympic medal in judo

India’s first Olympic medal in judo Thangjam Tababi Devi became India’s first judo medallist at the Olympic level in Youth Olympic Games 2018 at Buenos Aires, Argentina. She won a silver medal after losing to Venezuela’s Maria Giminez in the finals of the women’s 44kg event. India has never won an Olympic medal in judo […]

K’taka govt unveils ‘Unnati’ scheme

K’taka govt unveils ‘Unnati’ scheme Karnataka Social Welfare Minister Priyank Kharge unveiled the ‘Unnati Scheme’. The scheme will identify and promote entrepreneurs from SC and ST background. The govt will invest up to Rs 20 crore to create the end-to-end support infrastructure for startups and entrepreneurs The department will provide up to Rs 50 lakh […]

NHB raised refinance limit for HFCs

NHB raised refinance limit for HFCs National Housing Board (NHB) has raised refinance limit for housing finance companies to Rs 30,000 crore for the period between July 2018 to June 2019. The regulator to housing finance companies (HFCs) had set an initial limit of Rs 24,000 crore, towards refinancing eligible institutions. NHB is the principal […]

India faces threat of deadly heat waves

India faces threat of deadly heat waves According to the ‘Special Report on Global Warming of 1.5°C’, if the average global temperature rises by more than one degree Celsius from the present, India could “annually” expect conditions like the 2015 heat wave. The report has been commissioned by the Intergovernmental Panel on Climate Change (IPCC). […]

India, Tajikistan signed several MoUs

India, Tajikistan signed several MoUs President Ram Nath  Kovind met his Tajikistan counterpart Mr Emomali Rahmon. On this occasion, India and Tajikistan signed several MoUs in the field of political relations, strategic research, agriculture, renewable energy, traditional medicine, space technology, youth affairs, Culture and Disaster Management. India has offered a grant of $20 mn to Tajikistan […]

Army Commanders’ Conference began in Delhi

Army Commanders’ Conference began in Delhi Army Commanders’ Conference began in New Delhi on 9 October 2018. The last Army Commanders’ Conference was held in April 2018. A large number of issues ranging from operational challenges, administrative issues, logistics to human resource related issues was discussed during the conference.

China launched two remote sensing satellites

China launched two remote sensing satellites China successfully launched two remote sensing satellites to conduct electromagnetic environmental probes. The satellites, both belonging to the Yaogan-32 family, were launched by a Long March-2C rocket. Remote sensing generally refers to the use of sensor technologies to detect objects. The remote sensing satellites collect data by detecting the […]