National
PMO open to single water panel : Central government is planning to form the proposed National Water Commission (NWC) by merging the Central Water Commission (CWC) and the Central Ground Water Board (CGWB).
Central Services cadre under review : The Centre has formed a task force for a comprehensive study of the cadre structure of all Group ‘A’ Central Services and sought its report within three months.
Western Ghats can contribute up to 30 p.c. of rainfall in Bengaluru: Study : In the three months that the Southwest monsoon lashes the subcontinent, evaporation from land masses can contribute up to 30 per cent of the rainfall received, reveals a study by researchers from the Centre for Earth Sciences (CEaS).
Mumbai aims to be international cruise gateway : The city is aiming to be an international cruise destination with the Mumbai Port Trust giving high priority to developing this sector under its new business plan.
Economy
India figures in 10 wealthiest countries at No. 7 : India has figured among the top 10 wealthiest countries in the world with a total individual wealth of $5,600 billion while the U.S. topped the chart.
Pace of formation of new bad loans has slowed: RBI : Reserve Bank of India Deputy Governor S. S. Mundra said the pace of formation of new non-performing assets (NPAs) or bad loans has decelerated although some banks have posted losses for the first quarter of the current financial year due to higher provisioning.
Environment
‘Polluted clouds cause greater havoc’ : Clouds hold the key to predicting monsoon and climate change, a green body said and asserted that a better understanding of them can help predict lightning, which is the topmost weather-related cause of death in India.
Needed: Scientific flood management : India’s vulnerability to severe flooding during the monsoon is spectacularly demonstrated year after year, with the season invariably ending in significant loss of life and property.
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