Ministry of Commerce & Industry is developing a National Logistics Portal to ensure ease of trading in the international & domestic markets. It will link all the stakeholders of EXIM, domestic trade and movement and all trade activities.
Aim is to reduce logistics cost from 14% of GDP to 10% by 2022.
NITI Aayog launched 5 TRs in Indo-Himalayan regions related to Inventory & Revival of Springs for Water Security, Sustainable Tourism, New Shifting Cultivation approach, Strengthening Skill & Entrepreneurship Landscape & Data for Informed Decision Making.
NITI Aayog Launched- January 2015, CEO-Amitabh Kant.
According to SBI report, the country's GDP is expected to grow by 7.7 % in the April-June (Q1 FY19) on the back of pick up in leading indicators like cement production, sale of vehicles and bank credit. It is based on Composite Leading Indicator (CLI).
GVA growth is expected to be 7.6 per cent.
INS Vikramaditya is going to be fitted with marine hydraulic system for the 1st time as part of its upgrade that will give an edge to the air-capable wing of the ship.The systems will be fitted by Russia's Rostec State Corporation starting Oct. this year.
INS Vikramaditya is India’s only aircraft carrier.
Shardul Vihan,15 became the youngest Indian shooter to win a medal at the Asian Games after he finished second in the men’s double trap. He shot 73 in the final after topping the qualification.He also won a medal at the ISSF Junior World Cup in Germany.
It was India’s 8th medal from the Jakabaring Shooting Range.
The technology developed by the Council of Scientific and Industrial Research - National Aerospace Laboratory (CSIR-NAL) which uses indigenously developed carbon fibre, is set to make combat aircraft Tejas 20% lighter.
The composite tech. is must for the 4th gen.
fighter aircraft.
India & China are set to draft a fresh memorandum of understanding (MoU) on defence cooperation & further expand the engagements between their armed forces. Additional measures for peace along the 3,488-km Line of Actual Control (LAC) was also discussed.
The new MoU will replace the MoU signed in 2006.
Reliance Power Netherlands BV has won an international arbitration award of $56 mn against Prestige Capital Holdings (a Seychelles-based company) and Kokos Jiang. It was related to a contractual dispute in the context of company's coal mines in Indonesia.
Reliance Power Founder- Dhirubhai Ambani.
A panel set up by the DoT to prepare a roadmap for rollout of 5G telephony in India expects the service to be operational by 2020.The nine-member Steering Committee, headed by AJ Paulraj, recommended releasing additional spectrum for 5G services.
Cumulative economic impact of $1 trillion, by 2035 is expected.
Veteran journalist and former Rajya Sabha member Kuldip Nayar passed away, he was 95. He was known for his stand against the Indira Gandhi govt. during the Emergency as the Editor of The Statesman. He was arrested for his vocal protest during the time.
He was former High Commissioner of India to United Kingdom.