RBI in its annual report said monetary policy will be guided by achieving inflation of 4 %, with a band of +/- 2%, while supporting growth. India's economic growth rate will accelerate to 7.4 % with pick up in industrial activity and good monsoon.
RBI uses monetary policy to control inflation,interest rates,etc
4th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit is being held in Nepal. Theme is 'Towards a peaceful, prosperous and sustainable Bay of Bengal region'. There are 7 member states in BIMSTEC
Members-Bangladesh,India,Myanmar,Sri Lanka,Thailand,Bhutan,Nepal
Arpinder Singh clinched India’s first men’s triple jump gold in 48 years, with a jump of 16.77m in the Asian Games. India’s last Asian Games gold medal in men’s triple jump had come in 1970 from Mohinder Singh Gill.
Arpinder had earlier won bronze in the 2014 Commonwealth Games.
R K Singh released a book on “Weather Information Portal for Indian Power System”. It has been developed by Power System Operation Corporation limited (POSOCO) and IMD to facilitate enhanced utilization of Weather Portal in all spheres of Power Sector.
R K Singh is Minister of State (IC) for Power& Renewable Energy
National Highways Authority of India did a financial closure of its first Toll-Operate-Transfer project with the India chief of Macquarie with a cheque for Rs 9,681.5 cr. This closure is the first for an asset recycling initiative by any government in India
This year Rs, 71,000 cr allotted for roads and highways in India
Facebook, has started testing its dedicated video platform ‘Watch’ in India. It was available only in the US. Watch is a platform for all creators and publishers to find an audience, build a community of passionate fans, and earn money for their work.
Facebook has over 2.2 bn monthly active users as of January 2018
The third edition of Smart India Hackathon (SIH) 2019 was launched by the Union Minister for HRD-Shri Prakash Javadekar in New Delhi. It is a nationwide initiative to provide students with a platform to solve some of pressing problems we face in our daily lives
SIH 2019 will have 2 editions - Software & Hardware edition
Thaawarchand Gehlot, Union Minister for Social Justice & Empowerment presented “Dr. Ambedkar National Merit Awards- 2017” to meritorious SC/ST students. Dr. Ambedkar Foundation (DAF) was set up in 1992. The award scheme was started in year 2002-03
Minister for Social Justice is the Chairperson of the Foundation
Cabinet approved a scheme “Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART)”. It encompasses a total of 16 sub-projects addressing ocean development activities - Services, Technology, Resources, Observations and Science.
This helps in dealing with ocean disasters like Tsunami,Storm
Asian Development Bank (ADB) has approved USD 375 mn loan to boost irrigation projects in Madhya Pradesh and USD 245 mn loan to supply clean water in West Bengal in districts affected by arsenic, fluoride and salinity.
ADB- 19 December 1966, HQ - Manila, Philippines, Members-67