India is 6th wealthiest country in the world

According to AfrAsia Bank Global Wealth Migration Review, India is the sixth wealthiest country in the world with total wealth of $8,230 billion. US is richest nation globally with total wealth of $62,584 billion. Total wealth refers to private wealth ..

Month: Current Affairs - May, 2018

Queqiao satellite: China launches relay satellite to explore dark side of Moon

China launched relay satellite named Queqiao (Magpie Bridge) to establish communication link between earth and its planned Chang’e-4 lunar probe (rover) that will explore the dark side of moon. It was launched as part of Chinese Lunar Exploration Program (CLEP) ..

Month: Current Affairs - May, 2018

India's economy is projected to grow 7.6% in 2018-19: UN WESP

According to UN World Economic Situation and Prospects (WESP), India’s economy is projected to grow 7.6% in fiscal year 2018-19, making it fastest growing economy in the world. GDP growth in India is expected 7.5 and 7.6% in fiscal years ..

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

Type 001A: China’s first indigenous aircraft carrier begins sea trial

China’s first domestically manufactured aircraft carrier known only as “Type 001A” started sea trials from Dalian port in Liaoning province. The ship’s engine, propulsion and navigation systems will be tested at sea for first time, a year after it was ..

Month: Current Affairs - May, 2018

World’s second oldest rock discovered in Odisha

Scientists have discovered world’s second oldest grain of magmatic zircon (a mineral that contains traces of radioactive isotopes) from Champua from Singhbhum rock sample in Odisha’s Kendujhar district. It is an estimated 4,240 million years old, making it world’s second ..

Month: Current Affairs - May, 2018

SCO Tourism Ministers’ conference held in Wuhan, China

The Shanghai Cooperation Organization (SCO) Tourism Ministers’ conference was held in Wuhan, China. It was first meeting of SCO tourism ministers since the organization was established in 2001 in Shanghai. From India Minister of State (Independent Charge) for Tourism K. ..

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