9 PM Current Affairs Brief – July 2nd, 2018

Gearing up for space wars Article Harsh V. Pant, professor, and Kartik Bommakranti, Associate professor, discusses that the implication of the American plans for space weapons corps are still unclear. Important Analysis: 2. Recently, the U.S.    President Donal Trump announced the creation of a “space force”. 3. The imperative by America to build space weapons… Continue reading Gearing up for space wars

FDI growth hits 5-year low News: FDI growth hits 5 year low in India Important facts: 2. According to the latest data of the Department of Industrial Policy and Promotion(DIPP), FDI in 2017-18 grow by only 3% to $ 44.8 billion. 3. Foreign inflows in the country grew by 8.67% in 2016-17, 29% in 2015-16,… Continue reading FDI growth hits 5-year low

Agni-V to be part of nuclear arsenal soon News: Agni V will be inducted into the nuclear arsenal very soon. Important facts: 2. The missile features the latest technologies for navigation and improved accuracy. 3. The intermediate range ballistic missile (IRBM) with range over 5000 km can reach most parts of China. 4. Recently, the… Continue reading Agni-V to be part of nuclear arsenal soon

Tax department launches ‘instant’ PAN card service News: Income Tax Department has launched an ‘instant’ Aadhaar based PAN card services. Important facts: 2. The facility is provided free of cost. 3. Available only for Aadhaar Card holders. 4. The service will be available for individual seeking the unique identity for the first time. 5. The… Continue reading Tax department launches ‘instant’ PAN card service

GST monthly revenue will exceed Rs. 1.1 lakh cr: Goyal News: According to the finance minister Piyush Goyal, revenue from GST will exceed Rs 1.1. lakh crore. Important facts: 2. He expects about 13 lakh crore of revenue this fiscal. 3. There was scope for further rationalization of the tax rates if tax compliance improved… Continue reading GST monthly revenue will exceed Rs. 1.1 lakh cr: Goyal

Govt. banks must boost monitoring, training systems’ News: Reserve Bank of India issues regulatory instructions to banks on various matters, including customer service. Important facts: 2.Banking codes and standard board of India (BCSBI) was set up in 2006. 3.Accordingly, BCSBI had evolved two codes: The Code of Bank’s commitment to customers The Code of banks… Continue reading Govt. banks must boost monitoring, training systems’

The dream of being an AI powerhouse Article: Priyanka Pulla, author, analyse India’s dream of becoming an Artificial Intelligence(AI) powerhouse and challenges in fulfilling this ambition. Important Analyses: 2. Recently, NITI Aayog in its report has chalked out an ambitious strategy for India to become an artificial intelligence powerhouse. 3. Artificial intelligence means the use… Continue reading The dream of being an AI powerhouse