9 PM Current Affairs Brief – October 16th, 2018

The Bhutan vote News: The last round of Bhutan general elections are going to be conducted on October 18, 2018. Important Facts: The first round of elections in September 2018 witnessed defeat of the ruling People’s Democratic Party (PDP) against the Druk Nyamrup Tshogpa (DNT). In first round of elections DNT emerged winner followed by… Continue reading The Bhutan vote

Saudi Arabia promises to meet India’s oil needs News Prime Minister Narendra Modi recently met chiefs of national and international oil and gas companies and other stakeholders to discuss the challenges posed by volatile oil prices. Important facts: Backdrop: Oil prices have increased in 2018 on expectations that U.S. sanctions on Iran will strain supplies… Continue reading Saudi Arabia promises to meet India’s oil needs

India, France in talks to conduct tri-service exercise News: Defence Minister Nirmala Sitharaman during her visit to France discuss for a bilateral tri-service military exercise and to operationalise the logistics agreement between two countries. Important facts Bilateral tri-service military exercise between two countries will be India’s third such joint exercise. The first joint tri-service exercise… Continue reading India, France in talks to conduct tri-service exercise

Not just liquidity: on NBFCs crisis News: Non-banking financial companies are stuck in a liquidity crises which has now reached to the tumbling stock prices. Important Facts: About the crises: It started with defaults by Infrastructure Leasing and Financial Services Ltd (IL&FS), which has been classified as core investment company by RBI. This infrastructure lender… Continue reading Not just liquidity: on NBFCs crisis

Castles in the air  News: The article discusses about the concept of ‘Charter Cities” and its implications. Important Facts: About Charter Cities These are characterised as “startup cities” that experiment with reforms by breaking out of the existing state system and build new cities with distinct rules that foster innovation and economic growth. Since the… Continue reading Castles in the air