Category: Current Affairs

Ronaldinho retires from football

Ronaldinho retires from football Former Brazil and Barcelona midfielder Ronaldinho has retired from professional football. Ronaldinho has not played for a professional team since leaving Brazilian side Fluminense in July 2015. Ronaldinho was part of the triumphant Brazil 2002 World Cup squad, won the Champions League in 2006 with Barcelona and won the Balon d’Or […]

Facebook elects first black board member

Facebook elects first black board member Facebook has announced the addition of Kenneth I. Chenault, CEO of American Express, to its board of directors. Chenault will become the first African-American board member at the social media giant. Chenault, who joined American Express in 1981, has been chairman and CEO of the company since 2001. Chenault […]

Pak-Iran to resume rail services

Pak-Iran to resume rail services Pakistan & Iran will be resuming train services b/w 2 countries by Sept as the security situation has improved. The train will operate between Quetta & Mashhad or Qom. Both countries also considering to revise 1959 railways agreement inked between both countries. To cater to the business community, Pak’s railway […]

Tata Steel raises $1.3 bn through bonds

Tata Steel raises $1.3 bn through bonds Tata Steel has raised $1.3 billion by issuance of unsecured bonds in the international markets. The issue comprises $300 million 4.45% Unsecured Bonds due on July 24, 2023 & $1 billion 5.45% Unsecured Bonds due on January 24, 2028. The bonds are rated BB- by S&P and will […]

Jo Jo White passes away

Jo Jo White passes away Basketball Hall of Famer Jo Jo White, a two-time NBA champion with the Boston Celtics and an Olympic gold medalist, has died. White, who won an Olympic gold medal with the U.S. team in 1968, was a seven-time NBA All-Star. He averaged 17.2 points per game over 13 years, also […]

India joins Aus export control regime

India has joined the Australia Group export control regime, an informal forum which seeks to ensure that exports do not contribute to development of chemical or biological weapons. The inclusion is expected to raise India’s stature in field of non-proliferation & help in acquiring critical technologies. India is now a member of MTCR, Wassenaar Arrangement […]

India win Blind World Cup 2018, beat Pakistan by 2 wickets

Indian cricket team after winning Blind World Cup 2018. (Source: Twitter) The Indian cricket team won the blind world cup 2018 by beating arch-rivals Pakistan by 2 wickets in the final. Chasing a target of 308 runs in 50 overs at the Sharjah Cricket Stadium in UAE on Saturday, the Indian team reached there with […]

GST Council reduces tax rates

GST Council has reduced the tax rate on 29 goods and 53 categories of services by bringing them in lower category. The GST rate on transportation of petroleum crude and petroleum products including ATF has been cut down from 18% to 5%. The GST rate on tailoring service has been reduced from 18 to 5%. […]

Public register against money laundering

Britain has announced the world’s first public register that requires overseas companies that own or buy property in the country to provide details of their ultimate owners. The government is set to publish relevant draft laws and the register will go live by early 2021. The register is the government’s move to crack down on […]

SBI to raise Rs 20,000 cr

SBI to raise Rs 20,000 cr The board of State Bank of India has given nod to raise Rs 20,000 crore for financing affordable housing and infrastructure projects through long-term bonds. Affordable housing segment has gained momentum after the government provided infrastructure status to it in the last year’s budget. Govt is also providing interest […]