Daily News

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Sovereign Gold Bond Scheme 2018 -19

GOI, in consultation with RBI, will issue Sovereign Gold Bonds-2018-19. It will be issued every month from Oct 2018 to Feb 2019. The maximum limit will be 4 KG for individual/HUF and 20 Kg for trusts. Tenor of the Bond will be for a period of 8 years

Did you Know

Minimum permissible investment will be 1 gram of gold.

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NHB increases the Refinance Limit from Rs. 24,000 cr to Rs.30,000 cr

National Housing Bank (NHB) has decided to increase the Refinance limit to Rs.30,000 cr form the earlier set limit of Rs. 24,000 cr. This refinancing is a credit flow to Housing Finance Companies & other Institutions.

Did you Know

NHB is a wholly owned subsidiary of RBI set up in 1988

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President Kovind on a three-day visit to Tajikistan

President Ram Nath Kovind embarked on a three-day visit to Tajikistan. He will meet Tajik counterpart Emomali Rahmon, Speaker of Parliament Shukurjon Zuhurov, and Speaker of the Lower House- Majlisi Namoyandagon.

Did you Know

Kokhir Rasulzoda is the Prime Minister of Tajikistan from 2013

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ESIC wins ‘ISSA GOOD Practice Award, Asia & the Pacific 2018’

The Employees’ State Insurance Corporation (ESIC) has won the ‘ISSA Good Practice Award’ for Administrative Solution for Coverage Extension at the “Regional Social Security Forum for Asia and the Pacific”.It recognizes ESIC for extension of coverage-SPREE.

Did you Know

SPREE-Scheme for Promoting Registration of Employers & Employees

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US duo William Nordhaus and Paul Romer win Nobel Economics Prize

William Nordhaus & Paul Romer won the 2018 Nobel Economics Prize for integrating climate change & technological innovation into macroeconomic analysis. The economics prize was established in 1968 & was not part of the original group of five Nobel awards

Did you Know

Will of Alfred Nobel established the five Nobel prizes in 1895.

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IMF projects India’s growth at 7.3% in 2018, 7.4% in 2019

The International Monetary Fund (IMF) forecasted a growth rate of 7.3% for India in the current year of 2018 and that of 7.4% in 2019. In 2017, India had clocked a 6.7% growth rate. China was fastest growing economy in 2017, ahead of India by 0.2% points

Did you Know

World Economic Outlook report is published by IMF biannually.

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Coal India signs MoU with NLC for 5000 mw power generation

CIL and NCIL signed a MoU for setting up a 50:50 joint venture company that would set up 5000 mw of power generation capacity of which 3000 mw would be solar powered while the rest 2000 mw would be coal fuelled.

Did you Know

NLC India (NLCIL) was formerly Neyveli Lignite Corporation

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Naveen Patnaik Launches Scheme To Help Kids Of Construction Workers

Odisha govt launched 'Nirman Kusuma' programme for providing financial assistance to the children of the construction workers for their technical education in the state. A total of 1,878 students will get benefit from the programme.

Did you Know

Odisha doubled accidental/death benefits of construction workers

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Government sets up key panel under NSA to assist National Security Council

Govt has set up a panel, headed by NSA Ajit Doval, to assist the National Security Council, on national security and strategic interests. The Strategic Policy Group (SPG) will undertake a long-term strategic review of country's security affairs.

Did you Know

NSA - National Security Advisor

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86th Indian Air Force Day 2018

Indian Air Force celebrates 8th October as Air Force Day every year to mark the day the IAF was officially established in 1932. 86th Air Force Day Parade 2018, took place at Air Force Station, Hindon, in Ghaziabad.

Did you Know

Farkhor Air Base of Tajikistan is India’s first external Airbase