India emerges third largest solar market in the world in 2017

According to recently released report by Mercom Communications, India emerged as third largest solar market in world in 2017 behind China and United States. Mercom Communications India is arm of global clean energy consulting firm Mercom Capital Group. Key Highlights ..

Month: Current Affairs - May, 2018

China launches first India-dedicated investment fund

The Industrial and Commercial Bank of China (ICBC), a top state-run Chinese bank has launched China’s first India-dedicated publicly offered investment fund. The fund has been named as Industrial and Commercial Bank Credit Suisse India Market Fund. ICBC is the ..

Month: Current Affairs - May, 2018

Three million new jobs by 2030 to offset employment loss due to rising heat: ILO Report

International Labour Organization’s (ILO’s) World Employment and Social Outlook Report has that projected increase in surface temperature due to global warming will lead to around 2,59,000 job losses in India by 2030, especially in carbon-and resource-intensive industries. Key Facts According ..

Month: Current Affairs - May, 2018

India was world’s largest remittance-receiving country in 2017: Repot

According to recently released report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’, India was largest remittance receiving country in the world with US $69 billion in 2017. Top five remittance receiving countries in 2017 in the ..

Month: Current Affairs - May, 2018

6th US-India Aviation Summit held in Mumbai

The 6th United States-India Aviation Summit was held in Mumbai, Maharashtra from 9 to 11 May, 2018. It was formally inaugurated by Union Minister for Civil Aviation Suresh Prabhu. Key Facts The biennial Summit was jointly organised by Ministry of ..

Month: Current Affairs - May, 2018

India to grow 7.4% in 2018: IMF's Asia & Pacific Regional Economic Outlook report

The International Monetary Fund (IMF) in its Asia and Pacific Regional Economic Outlook report has reaffirmed that India will be the fastest growing major economy in 2018, with growth rate of 7.4% and 7.8% in 2019. Key Facts India’s medium-term ..

Month: Current Affairs - May, 2018

The National Small Industries Corporation Limited (NSIC) signs a MoU with MSME Ministry for FY 2018-19

The National Small Industries Corporation Limited (NSIC) has recently signed a MoU with Ministry of Micro, Small and Medium Enterprises (MSME) for the year 2018-19.The MoU envisages provision of enhanced services by NSIC under its marketing, financial, technology and other ..

Asia Power Index: India ranks fourth in Asia-Pacific region

India was ranked fourth out of 25 nations in Asia-Pacific region in the inaugural Asia Power Index released by Australian think tank Lowy Institute. Asia Power Index It measures overall power of countries and territories in Asia-Pacific region. A country’s ..

Month: Current Affairs - May, 2018