9 PM Current Affairs Brief – July 24th, 2018

PM in Africa amid a fall in trade News  PM to visit three African Nations to Boost India-Africa Bilateral Relation Important facts 2. This visit is important as it is a reflection of Indian engagement and the priority of India with African nations. 3. Indian engagement with African nations has been increased over last 4… Continue reading PM in Africa amid a fall in trade

Changing the order of battle Article K. Narayanan, former national security advisor, says that traditional diplomacy paved the way for summit diplomacy. Important analysis 2. Diplomacy is one of the world’s oldest professions. 3. However, summit level diplomacy is comparatively a recent phenomenon which started during the 2nd world war 4. The first instance was… Continue reading Changing the order of battle

Short spells of heavy showers News: Mini-cloud bursts are increasing in India Important facts: A mini-cloud burst is defined as rainfall in excess of 50 mm in two consecutive hours. The term was coined by the scientists at Pune’s Indian Institute of Tropical Meteorology(IITM) due to an increase in heavy rainfall of short durations during… Continue reading Short spells of heavy showers

Iran becomes India’s No. 2 oil supplier News Iran was the second-biggest oil supplier to Indian state refiners between April and June, after Iraq Important facts Iran replace Saudi Arabia as second largest supplier of oil India and other major buyers of Iranian oil are under pressure to cut imports from the country after Washington… Continue reading Iran becomes India’s No. 2 oil supplier

Banks agree to resolve stressed assets quickly News 24 public, private and foreign banks have signed inter-creditor agreements (ICA) to resolve stressed assets. Important facts The move comes after RBI dismantling of all the existing resolution mechanisms, such as the joint lenders’ forum in its 12 February circular RBI asked lenders (Banks, NBFC) to start… Continue reading Banks agree to resolve stressed assets quickly

Stimulus mode News Goods and Services Tax Council has announced a reduction in the tax rates for over 85 goods. Important Analysis 2. Reduction in Tax slabs On consumer durables such as television sets, washing machines and refrigerators, along with a dozen other products, have been slashed from 28% to 18%. This rate cut leave… Continue reading Stimulus mode