Daily News

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HAL’s Light Combat Aircraft (LCA) project to come under IAF control

The government is set to hand over control of the HAL,Bengaluru to the IAF, to prevent more time and cost overruns on the indigenous LCA project.This will affect LCA project’s new phase, MK2 variant development,& Advanced Medium Combat Aircraft (AMCA).

Did you Know

HAL Founder- Walchand Hirachand,Founded: 1940

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Kento Momota, Carolina Marin capture world badminton titles

Kento Momota of Japan defeated Shi Yuqi of China 21-11, 21-13 in the men's final at the badminton world championships

In women's singles, Carolina Marin of Spain defeated India's Pusarla Sindhu 21-19, 21-10 for her third world title.

Did you Know

The 2018 BWF World Championships held at Nanjing,China.

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Baleno to be the first Maruti Suzuki car to be sold as a Toyota

Suzuki Motors will supply about 25,000 Maruti Suzuki Baleno premium hatchbacks each year to Toyota Motors as the car gets set to become the first cross-badged product of the auto makers.Some minor changes in its exteriors and interiors will take place.

Did you Know

Suzuki & Toyota motors Headquarters- Japan

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RBI industrial outlook survey no good news for manufacturing

The Reserve Bank of India’s industrial outlook shows that the Business Expectations Index, or BEI, for the quarter ahead fell from 115.8 for the March 2018 quarter to 114.1 for the June 2018 quarter.

Did you Know

The BEI calculates share of GVA of different industry groups.

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UP govt sanctions Rs 150 cr for developing pilgrim centres

The UP government has sanctioned proposals worth Rs 150 crore to improve infrastructure of noted pilgrim centres of the state.UP Brij Tirth Vikas Parishad declared Vrindavan, Govardhan, Radhakund, Barsana, Nandgaon, Gokul and Baldeo as pilgrim centres.

Did you Know

UP CM-Yogi Adityanath, Governor- Ram Naik

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Prominent film personality M. Bhaktavatsala passes away

Prominent film personality M. Bhaktavatsala, an octogenarian, passed away owing to age-related ailments.He entered the film industry in the 1960s quitting a job in HMT & was a writer, film producer, film distributor, and even exhibitor.

Did you Know

He is the only Kannadiga to head Film Federation of India.

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India’s forex reserves dip by $950.9 mn to $404.2 bn

The foreign exchange reserves declined by USD 950.9 million to USD 404.192 billion in the week to July 27, because of a fall in the foreign currency assets,In the previous week, the reserves had increased a marginal USD 67.7 million to USD 405.143 billion.

Did you Know

Forex reserves are used to influence monetary policy.

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Narendra Modi to launch India Post Payments Bank on 21 August

Prime Minister Narendra Modi will launch long-awaited India Post Payments Bank (IPPB) On 21 August. It will have at least one branch in every district and focus on financial services in rural areas.

Did you Know

IPPB launched- 30th Jan,2017(Ranchi & Raipur), CEO Suresh Sethi.

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President gives assent to bill on fugitive economic offenders

President Kovind has given assent to a Bill that will deter fugitive economic offenders(individual against whom warrants for arrest are issued for his involvement in select economic offences) from evading the legal process in India and fleeing the country.

Did you Know

The Bill was passed by the Rajya Sabha on July 25, 2018.

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ICRISAT to study impact of Mission Kakatiya

The International Crops Research Institute for Semi-Arid Tropics (ICRISAT) will study the impact of Mission Kakatiya, the ambitious programme launched by the Telangana government to restore and revive the irrigation tanks.

Did you Know

ICRISAT Headquarter-Patancheru, Hyderabad, Founded 1972.