Daily News

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India, China ink 2 MoUs on sharing of Brahmaputra river data and supply of non-Basmati rice

China has resumed sharing hydrological data on the Brahmaputra and Sutlej rivers with India

The two countries also signed an agreement under which China has agreed to import non-Basmati rice from India which is likely to bridge the ballooning trade deficit to a certain extent.

Did you Know

The Brahmaputra is one of the major rivers of Asia.
It flows through China, India, and Bangladesh.

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French Open: Halep beats Stephens to win maiden Grand Slam title

Simona Halep became the second Romanian woman to win a Grand Slam singles trophy after Virginia Ruzici

This was Halep"s fourth major final and has lost all three in the past, including two at Roland Garros

Halep also was the runner-up at the Australian Open this January.

Did you Know

The French Open, officially called Roland-Garros is a major tennis tournament held over two weeks between late May and early June at the Stade Roland-Garros in Paris, France.

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SBI expects Rs 30,000 crore recovery from resolution under IBC

State Bank of India, the country’s largest lender, is expecting to recover around Rs 300 billion through the resolution process under the Insolvency and Bankruptcy Code (IBC) in the current financial year.

Total recovery expected during this fiscal year is Rs 400 billion, of which the recovery from the Reserve Bank of India’s (RBI’s) first and second lists of stressed assets referred for resolution under the IBC will be between Rs 250 billion and 300 billion.

SBI has been able to recover Rs 85 billion from Tata Steel’s acquisition of Bhushan Steel. Another Rs 15 billion is in an escrow account on account of Electro Steels.

Did you Know

The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.

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Xi to visit India in 2019 for Wuhan-style informal meet

Mr. Xi accepted Mr. Modi’s invitation for another informal summit in India next year and described Wuhan as a “new starting point” in India-China relations.

China is willing to work with India to take the Wuhan meeting as a new start point to continuously enhance political mutual trust and engage in mutually beneficial cooperation across the board, to push forward China-India relationships in a better, faster and steadier manner.

Did you Know

The Capital of China – Beijing
The Currency of China – Renminbi

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India, Uzbekistan to route their trade through Chabahar

Prime Minister Narendra Modi met Uzbekistan President Shavkat Mirziyoyev on the sidelines of the SCO Summit here and the two leaders reviewed the full range of bilateral ties, especially ways to boost economic and cultural links.

India and Uzbekistan are set to route their trade through the Iranian port of Chabahar as part of New Delhi’s growing engagement with resource-rich Central Asia.

Did you Know

Chabahar Port is a seaport in Chabahar located in southeastern Iran, on the Gulf of Oman.
The Capital of Uzbekistan – Tashkent
The currency of Uzbekistan – Uzbekistani so’m

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World record ODI score by NZ women

New Zealand women’s cricket team posted the highest ever total in one-day cricket, scored an incredible 490 for four against Ireland in the first ODI in Dublin with skipper Suzie Bates leading from the front with a blistering 151-run knock.

The total posted by the ‘White Ferns’ is the highest ever in ODIs, including men’s matches.

Did you Know

A One Day International (ODI) is a form of limited overs cricket, played between two teams with international status, in which each team faces a fixed number of overs, usually 50. The Cricket World Cup is played in this format. One Day International matches are also called Limited-Overs Internationals.

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India backed Maldives for non-permanent seat in United Nations Security Council’

The Maldives lost the vote for the Asia-Pacific seat to Indonesia by a large margin, winning only 46 of the 190 votes cast at the U.N. General Assembly for the two-year stint

India had assured the Maldives of its support for a non-permanent seat on the United Nations Security Council on at least three occasions.

Did you Know

The Capital of Maldives – Malé
The Currency of Maldives - Maldivian Rufiyaa

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Commerce minister says economic growth may cross 8% in the next two years

India"s GDP growth is likely to cross 8 percent in the next two years and the government is taking a number of steps including formulation of a new industrial policy to double the economy"s size to $5 trillion in 7-8 years.

Did you Know

Union Minister of Commerce – Suresh Prabhu

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Tax dept clears Rs 7,000 crore GST refunds of exporters

The CBIC has allowed clearance of GST refunds based on PAN of exporters if such refunds are held up due to the mismatch in GSTIN mentioned in shipping bill and return forms.

More than Rs 7,000 crore or half of the pending GST refunds of exporters has been cleared in the first nine days of the ongoing special refund fortnight.

Did you Know

The Income Tax Department also referred to as IT Department, is a government agency in charge of monitoring the income tax collection by the Government of India. It functions under the Department of Revenue of the Ministry of Finance.

Union Minister of Finance: Arun Jaitley

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Centre working consistently towards doubling farmers" income: Radha Mohan Singh

Union Agriculture Minister Radha Mohan Singh said the Union Government is working consistently towards doubling the income of farmers and animal rearers.

Union Agriculture Minister laid foundation stone of the country"s first sex-sorted semen laboratory in Rishikesh under the Rashtriya Gokul Mission Yojana.

The laboratory will be the first of its kind facility in the country where the technique of producing female calf through artificial insemination in animals will be used.

This initiative will help increase milk production and boost farmers" income.

Did you Know

Rashtriya Gokul Mission was launched for development and conservation of indigenous bovine breeds for enhancing milk production and productivity through induction of high genetic merit bulls for semen production, field performance recording, strengthening of bull’s mother farms, setting up of Gokul Grams etc.