9 PM Daily Current Affairs Brief – August 14, 2017

India, China to join Indian Ocean exercise:  Context The Indian Navy will be joining the People’s Liberation Army (PLA) Navy in a maiden maritime search and rescue exercise, chaired by Bangladesh at the Indian Ocean Naval Symposium (IONS) in November this year. The details of the exercise Bangladesh, the current Chair, is arranging a maiden… Continue reading India, China to join Indian Ocean exercise: 

GIS-enabled portal maps land-related information Context: In a little over six months beginning February, the Centre has brought out an online database developed by the Department of Industrial Policy and Promotion (DIPP) and the National e-Governance Division in the Ministry of Electronics and Information Technology as well as the BISAG – an institute for space… Continue reading GIS-enabled portal maps land-related information

Investors ‘shell’ shocked over SEBI order:  Context: A recent order from market regulator SEBI  brought to a halt trading in more than 170 actively traded stocks on the stock exchanges. These firms formed part of a larger group of 331 ‘shell’ companies whose names the Ministry of Corporate Affairs (MCA) shared with the regulator for… Continue reading Investors ‘shell’ shocked over SEBI order: 

How low can interest rates go?:  Context: The interest rate on the one-year term deposit in India’s largest bank has nosedived from 9% in July 2014 to 6.5% now.  Interest rates on the three-year term deposit have dropped from 8.75% to 6.25%. Introduction: In pegging down their deposit rates, banks have taken their cues from… Continue reading How low can interest rates go?: