FDI Confidence Index 2018: India ranks 11th

India was ranked 11th position in the FDI Confidence Index 2018 released by global consultancy firm A T Kearney. It has slipped by three notches in 2018 as it was ranked 8th in 2017 and 9th in 2016. This is ..

Month: Current Affairs - May, 2018

CCEA renames Multi-sectoral Development Programme as Pradhan Mantri Jan Vikas Karyakram

The Cabinet Committee on Economic Affairs (CCEA) has approved proposal for renaming and restructuring of Multi-sectoral Development Programme (MsDP) as Pradhan Mantri Jan Vikas Karyakram (PMJVK). It also has approved its continuation during the remaining period of the 14th Finance ..

Month: Current Affairs - May, 2018

3 May: World Press Freedom Day

May 3 is celebrated as World Press Freedom Day every year to celebrate fundamental principles of press freedom as well as to evaluate freedom of press around the world. It serves as occasion to defend media from attacks on their ..

Month: Current Affairs - May, 2018

CCEA approves financial assistance to sugar mills for clearing cane dues of farmers

The Cabinet Committee on Economic Affairs (CCEA) has approved proposal to provide financial assistance of Rs. 5.50 per quintal of cane crushed in sugar season 2017-18. It will help to sugar mills to offset the cost of cane which will ..

Month: Current Affairs - May, 2018

India and France conduct final phase of Varuna naval exercise near Reunion Island

Indian and French navies conducted final and third phase of Varuna naval exercise 2018 near Reunion Island in Indian Ocean region (IOR) to enhance their operational coordination. In the final phase, both navies simulated different possible scenarios such as asymmetric ..

Month: Current Affairs - May, 2018

India, US hold round 3 of Maritime Security Dialogue in Goa

India and United States held the third round of the India-US Maritime Security Dialogue in Goa from April 30 to May 1, 2018 focussing on cooperation and developments in the Indo-Pacific region Key Facts During the third round of dialogue, ..

Month: Current Affairs - May, 2018

Cabinet approves ordinance to amend law for speedy disposal of commercial disputes

The Union Cabinet chaired by Prime Minister Narendra Modi has approved promulgation of Ordinance amend a law for speedy disposal of commercial disputes. This decision aims to improve India’s ranking in World Bank’s ease of doing business index. The index ..

Month: Current Affairs - May, 2018

Pradhan Mantri Swasthya Suraksha Yojana: Cabinet approves setting up of 20 AIIMS

The Union Cabinet chaired by Prime Minister Narendra Modi has approved plan to set up 20 All India Institute of Medical Sciences (AIIMS) across the country and upgrade 73 medical colleges. The decisions are part of the Pradhan Mantri Swasthya ..

Month: Current Affairs - May, 2018

Global warming driving harmful algae growth: Study

Scientists have found that global warming is driving proliferation of Noctiluca algae (commonly known as sea tinkle), a harmful algae in Arabian Sea responsible for glowing of Mumbai’s beaches in dark. The study was jointly conducted by researchers from Indian ..

Month: Current Affairs - May, 2018

Pradhan Mantri Vaya Vandan Yojana: Cabinet doubles investment limit for senior citizens

The Union Cabinet has approved doubling of investment limit from Rs 7.5 lakh to Rs 15 lakh under Pradhan Mantri Vaya Vandana Yojana (PMVVY). It also extended time limits for subscription from ay 2018 to March, 2020. These decisions were ..

Month: Current Affairs - May, 2018