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GS-2
President Trump promises a ‘very big trade deal with India’
Prime Minister Narendra Modi and U.S. President Donald Trump held “very open and productive” talks on the sidelines of the G-20 summit in Osaka.
‘Move on electric vehicles is well-thought-out’
Countering the industry’s claims that the NITI Aayog’s proposal for transition to electric vehicles (EVs) was “unrealistic” and “ill-timed”, the NITI Aayog has said that the move on electric vehicles is well thought-out
GS-3
Current account deficit tapers
India’s current account deficit (CAD) for the January-March period narrowed to 0.7% of the GDP, or $4.6 billion
Small savings schemes interest rates lowered
The government has reduced the interest rates on small savings schemes such as the Senior Citizen Savings Scheme, Public Provident Fund, Kisan Vikas Patra and the Sukanya Samriddhi Yojana.
Trade war makes India a haven for aluminium scrap dumping
India has overtaken China as the preferred destination for aluminium scrap with imports growing 18.8% in the January-March 2019 quarter compared with the same quarter of the previous year
Fiscal deficit at 52% of full year target
The government’s fiscal deficit touched 52% of the Budget estimate for the full year in the first two months of 2019-20.
India got $1.81 bn FDI from China in five years: Goyal
India has received $1.81 billion (about Rs. 12,474 crore) foreign direct investment from China between April 2014 and March 2019.
Desert-dwelling carnivorous dinosaur’s bones found in Brazil
A desert-based carnivorous dinosaur that used claws to capture small prey 90 million years ago has been unearthed in southern Brazil.
Even central banks need ‘capital’ infusion
Professor Pulapre Balakrishnan advocates that Reserve Bank of India and the economic policy-making establishment will take into account the evolving understanding of macroeconomics globally.
Things to do to avoid another water crisis
The recent Chennai water crisis has prompted a better and more efficient use of water.
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