According to World Bank report,India’s GDP growth is expected to accelerate moderately to 7.5% in Fiscal Year 19-20.The growth will be driven by (a)investment strengthening (b)improved export performance and (c)resilient consumption. The report said that on the demand side,domestic consumption has remained the primary growth driver but gross fixed capital formation and exports also made… Continue reading WB pegs India’s GDP growth at 7.5%
Category: Daily Factly articles
U.S. designates Iran’s elite military unit as a ‘terrorist organisation
The United States has designated Iran’s elite Islamic Revolutionary Guard Corps(IRGC) as a foreign terrorist organization.The US administration has accused the group of not only facilitating but perpetrating terrorism. It is the first time that the U.S. has designated an entity of another government as a terrorist organization.US has said that the move is part… Continue reading U.S. designates Iran’s elite military unit as a ‘terrorist organisation
Superseded Navy vice admiral moves court
Vice Admiral Bimal Verma has moved Armed Forces Tribunal for challenging his supersession and appointment of Vice Admiral Karambir Singh as the next Navy Chief. The Vice admiral in his petition has asked why he was overlooked as the next Navy chief despite being the senior most in terms of the length of service.He stated… Continue reading Superseded Navy vice admiral moves court
Army gets first batch of Dhanush, home-made Bofors artillery guns, from OFB
The Ordnance Factory Board has delivered the first six indigenously built Dhanush artillery guns to the Army.This is the first of the 114 guns ordered by the Indian army. Dhanush is the first indigenously built 155 mm x 45 calibre long-range artillery gun with strike range of 38 kilometres.Further,they are improved version of Bofors guns… Continue reading Army gets first batch of Dhanush, home-made Bofors artillery guns, from OFB
U.S. Treasury official David Malpass named World Bank President
David Malpass has been unanimously elected as the new President of the World Bank.He will be the 13th President and will start his five year term from April 9,2019.He was nominated by the US president.David Malpass was a US government official and economic analyst.He has served as the Under Secretary of the Treasury for International… Continue reading U.S. Treasury official David Malpass named World Bank President
Post SC judgement, LGBTQI community now in search of inclusive shelters
A recent study titled “Survivor speak – call for action from five states” has highlighted that lesbians and trans-women from the LGBTQI community look forward for inclusive and special shelters. The study was conducted in Delhi, Karnataka, Tamil Nadu, Assam and Meghalaya by different voluntary organisations under the banner of Lam- Lynti Chittara Neralu (LCN)… Continue reading Post SC judgement, LGBTQI community now in search of inclusive shelters
Highway ban disrupts life in J&K
The first day of closure of the 271-km Baramulla-Udhampur national highway for civilian traffic has disrupted the distribution of essentials and halted all passenger services. The Jammu and Kashmir administration and Centre had announced that the national highway from Baramulla to Udhampur will be put out of bounds for civilian traffic on Sundays and Wednesdays… Continue reading Highway ban disrupts life in J&K
Trinamool, BJP seek credit for enclave exchange
Political parties in West Bengal’s Cooch Behar district has raised the issue of enclaves and are demanding votes seeking credit for the land boundary agreement between India and Bangladesh in 2015. The Cooch Behar constituency includes 51 enclaves which became part of India in 2015 after the Land Boundary Agreement with Bangladesh. Enclaves refers to… Continue reading Trinamool, BJP seek credit for enclave exchange
Angel investors get further relief
The government has announced that it will be mandatory to disclose holdings in unlisted companies while filing tax returns.This data will be matched with filings of startups which have been asked to disclose the list of investors along with some of their details.This may give some relief to the angel investors from notices of the… Continue reading Angel investors get further relief
100 years on,UK may not apologise for Jallianwala
India is still hopeful of an apology from the U.K government as 100 years of the Jallianwala Bagh massacre approaches.Last year,UK Foreign Secretary had said that he would give consideration to the suggestion that the U.K. should mark the anniversary by seeking forgiveness from the Indian people for one of the worst crimes of the… Continue reading 100 years on,UK may not apologise for Jallianwala
