Latest Current Affairs

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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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Indian football team Baichung Bhutia congratulated Chhetri becoming India's most-capped Player

Indian football team Baichung Bhutia congratulated Chhetri becoming India’s most-capped Player

Former India skipper Bhaichung Bhutia congratulated Sunil Chhetri and became India’s most capped international player with 108 appearances.  He overtook his mentor Bhutia’s record of 107 matches and captained India in the King’s Cup opener against Curacao. He scored the goal for his side in the 31st minute from a spot kick for his 69th

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Govt. set up a 10 member Cabinet Committee on Employment and Skill Development

Govt. set up a 10 member Cabinet Committee on Employment and Skill Development

The government set up a 10-memberCabinet Committee on Employment and Skill Development on 5 June. The committee is one of two Cabinet committees that are set up to rise theeconomic growth and tackle unemployment. Members of the committee: The Committee will be chaired by Prime Minister Narendra Modi. The committee includes: Home Minister Amit Shah  Finance Minister Nirmala Sitharaman Railway Minister Piyush Goyal  Agriculture Minister Narendra

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Report says sharp 10 percent decline in the approval rate of H 1B visa by the US

Report says sharp 10 percent decline in the approval rate of H 1B visa by the US

US authorities said that there was a sharp 10% decline in the approval of H-1B visas by the U.S. in 2018, which is popular among highly skilled Indian IT professionals. The experts attributed to the aggressive policies of the Trump administration to clamp down on the use of the work visa programme. What is H-1b Visa? The H-1B visa programme is the main vehicle

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Indian Air Force and French Air Force have planned to carry out Garuda, atwo-week-long mega air exercise, beginning on July 1 in France. The aim is to boost the military-to-militaryties between the two countries. A fleet of Sukhoi 30 fighter jets of the Indian Air Force will engage in dogfights with France’s Rafale multirole aircraft in simulated scenarios as part of the ‘Garuda’ exercise. Other assets include mid-air refueller will also be sent to France by the IAF. It will be one of the largest air exercises between the two strategic partners. The exercise will also provide an opportunity to a sizeable number of IAF pilots to have a close look at the Rafale jets being operated by the French Air Force. India had signed a government-to-government deal with France in 2016 to buy 36 Rafale fighter jets at a cost of about Rs.58,000-crore. The first Rafale jet is scheduled to be delivered in September.

India and France to carry out Garuda, a two week long mega air exercise

Indian Air Force and French Air Force have planned to carry out Garuda, atwo-week-long mega air exercise, beginning on July 1 in France. The aim is to boost the military-to-militaryties between the two countries. A fleet of Sukhoi 30 fighter jets of the Indian Air Force will engage in dogfights with France’s Rafale multirole aircraft in simulated scenarios as part

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India, Myanmar strengthen ties acting robust against insurgent groups

India, Myanmar strengthen ties acting robust against insurgent groups

India maintained strong relations with foreign nations in its quest of counter terrorism.  India and Myanmar are the two neighboring countries resulted in much progress Finally, Myanmar government being on Indian side successfully crackdown Indian groups taking shelter. The takeover of the NSCN-K headquarters a drastic development as Taga was the collective headquarters of all

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Disability Summit, Argentina 2019 is being held Buenos Aires, Argentina

Disability Summit, Argentina 2019 is being held Buenos Aires, Argentina

The 2nd Global Disability Summit being held in Buenos Aires, Argentina. ‘Disability Summit, Argentina 2019’, the three-day summit will be held from 6 June to 8 June 2019. India will be represented by the Minister of Social Justice and Empowerment Thaawar Chand Gehlot. Organized by: The Global Disability Summit is organized by International Alliance Disability (IDA), an umbrella organization focused on improving awareness and

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