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Bihar government has announced to waive off 50% of the total taxes levied on e rickshawas

Bihar government has announced to waive off 50% of the total taxes levied on e rickshawas

The Bihar State government has announced to waive off 50% of the total taxes levied on the purchase and running of battery-propelled e-rickshawas. The announcement was made by the deputy chief minister of state Sushil Kumar Modi.  Aim: The move is to combat air pollution. 3 cities of Bihar namely Patna, Gaya and Muzaffarpur are placed among the most 20 polluted cities of the world in a report […]

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Mumbai ranked first among 403 global cities in Traffic Index 2018 study

Mumbai ranked first among 403 global cities in Traffic Index 2018 study

An analysis of traffic congestion done in more 400 cities across six continents has found that commuters in Mumbai spent the most time on the road last year. Mumbai ranked first in the study, ‘Traffic Index-2018’, by location technology specialist TomTom, with a congestion level of 65 per cent New Delhi ranked fourth with a congestion of 58

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Muhammad Bande has been elected as the next President of the 74th session UN General Assembly

Muhammad Bande has been elected as the next President of the 74th session UN General Assembly

Nigeria’s Ambassador to the UN Tijjani Muhammad-Bande, elected as the next President of the 74th session UN General Assembly. He will succeed Maria Fernanda Espinosa. The next General Assembly session will commence in September 2019. Elected as per the rule: UNGA rule states that the President of the 74th session of the General Assembly should be elected from among the African States.

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India ranks 95 in the Sustainable Development Goals Gender Index

India ranks 95 in the Sustainable Development Goals Gender Index

India ranked 95th out of 129 countries in the Sustainable Development Goals Gender Index. India’s score of 56.2 on a scale of 0–100.The index found that no country has fully achieved te gender equality and that the global average score of65.7 out of 100 which falls in the poor category.  Parameters: SDG Gender Index a new index that measures global gender equality considering various parameters such

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India Test Fires Brahmos Supersonic Cruise Missile From Chandipur in Odisha

India Test Fires Brahmos Supersonic Cruise Missile From Chandipur in Odisha

Supersonic cruise missile BrahMos was test fired from the Integrated Test Range (ITR) at Chandipur in Odisha. Anti-ship version of the missile launched by complex-3 of the ITR, Defence Research and Development (DRDO) sources. World’s fastest supersonic cruise missile with high rate of accuracy Missile is fired from land, sea and air.  The missile with a

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RBI reduces interest rates by 25 basis points to 5.75 percent

RBI reduces interest rates by 25 basis points to 5.75 percent

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) reduced interest rates by 25 basis points to 5.75% with immediate effect amid slowing economic growth and rising global uncertainty, for the 3rd time in a row.  RBI Governor Shaktikanta Das announced it in the second bi-monthly monetary policy statement for 2019-20.  Purpose: The reduction is expected to bring down

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Indian microfinance sector is expected to register a more than 30 percent

Indian microfinance sector is expected to register a more than 30 percent

The industry body Sa-Dhan reported that the Indian microfinance sector is expected to register a more than 30% year-on-year growth to Rs.90,000 crore in 2018-19. The total gross loan portfolio (GLP) for the sector stood at Rs.68,789 crore in 2017-18.  The industry body report based on the data collected from 128 microfinance institutions, the GLP had already touched Rs.75,476 crore. However, this would rise to more than Rs.90,000

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