IT Department Launches Operation Clean Money

Income Tax Department (ITD) has initiated Operation Clean Money to investigate tax evaders. As a part of the operation, the government has launched a website on ‘Operation Clean Money’ operation. Salient Highlights The Operation Clean Money’ portal has been designed by the Central Board of ..

Month: Current Affairs - May, 2017

India's GDP Growth Forecast for 2017 Revised Downward by UN

In the report titled, World Economic Situation and Prospects, the UN has projected a 7.3% growth for India in 2017. Earlier in the report’s January edition, UN had forecasted a growth of 7.7% for the year. The revised report also has ..

Month: Current Affairs - May, 2017

Mt Lhotse records First Summit in 3 years

Mt Lhotse has recorded its first summit in 3 years. Mt Lhotse is the fourth highest mountain in the world. Indian climber Debasish Biswas and a woman climber from New Zealand were the first to successfully climb Mt Lhotse after a team of Sherpas fixed the ..

Month: Current Affairs - May, 2017

Ovais Sarmad Appointed to Key Post in UNFCCC

Ovais Sarmad who is an Indian national has been appointed by the U.N. Secretary-General Antonio Guterres to the post of Deputy Executive Secretary, which is a key post in the United Nations Framework Convention on Climate Change (UNFCCC). As per the U.N. Information Centre in Delhi, the appointment ..

Month: Current Affairs - May, 2017

India and Palestine Inks 5 Agreements

India and Palestine has signed five agreements during the 4 day visit of Palestinian President Mahmoud Abbas to India. This is Abbas’s fifth visit to India and the third state visit after his earlier visits in 2008 and 2012. These 5 MoUs signed were on visa exemption ..

Month: Current Affairs - May, 2017

PFRDA-CRISIL Report: India Ageing Gradually with Every 5th Person to be in 60s by 2050

As per the PFRDA-CRISIL report titled, Financial security for India’s elderly – The imperatives, India will begin ageing gradually and transform from ‘young’ to a ‘greying’ with every 5th Indian to be in 60s in contrast to every 12th person at present. By 2050, persons above the ..

Month: Current Affairs - May, 2017

Outcomes of OBOR Summit

Belt and Road Forum (BRF) is a gathering of world leaders from across the globe, organized by China to showcase its plans to build a network of trade routes under the One Belt, One Road (OBOR) initiative. As of now, ..

Month: Current Affairs - May, 2017

MoU Signed between Indian Navy and Space Application Centre

Indian Navy and the Space Application Centre has signed a Memorandum of Understanding on Data Sharing and Scientific cooperation in the field of Meteorology and Oceanology. As per the MoU, the scientific advancements and expertise achieved by SAC would be synergised ..

Month: Current Affairs - May, 2017