Moody’s Investors Service slashed India’s economic growth forecast for current year to 5.6% from 5.8% estimated earlier, saying GDP slowdown is lasting longer than previously expected. It expected economic activity to pick up in 2020 & 2021 to 6.6% & 6.7%,
Figures based on Moody’s latest Global Macro Outlook report.
Gujarat Cabinet announced ₹ 700-crore relief package for 4 lakh + farmers who suffered heavy losses due to unseasonal rain in the state. ₹ 13,500/ hectare will be given for irrigated crop & ₹ 6,800 for non-irrigated crops where losses are more than 33%.
Gujarat CM Vijay Rupani, Governor- Acharya Devvrat.
Lt. Cdr. Karabi Gogoi a naval engineer, will become the first woman officer from the Navy to be posted as a Defence Attache at an Indian mission abroad. She has been posted as the Assistant Naval Attache at the Indian embassy in Moscow.
Lt. Cdr. Gogoi was commissioned into the Navy in 2010.
Wholesale prices based inflation eased further to 0.16 per cent in Oct, as against 0.33 per cent in September.However, retail inflation for the month hit a 16-month high of 4.62 per cent due to soaring prices of food articles, including fruits & vegetables
New series of Wholesale Price Index(WPI) is with base 2011-12
According to the Trace Bribery Matrix, Bangladesh has the highest business bribery risk among South Asian courtiers. Evaluation on the bases of, business interaction with the government, anti-bribery deterrence, transparency & civil society oversight.
Somalia topped overall; Bangladesh ranked 178th.
The Insurance Regulatory and Development Authority of India has suggested that there should be no discrimination in providing any of the wellness features offered to the same or similar placed categories of policyholders of the health insurance product.
Subhash Chandra Khuntia, IRDAI Chairman.
Tobacco Board of India has been awarded the Golden Leaf Award in the Most Impressive Public Service Initiative category, 2019, for its efforts to initiate various sustainability (green) initiatives in Flue-Cured Virginia (FCV) tobacco cultivation in India.
Tab Expo 2019 event held Amsterdam, The Netherlands
Spain's all-time top scorer David Villa announced that he is retiring from football at the end of the Japanese top flight season. He has been playing in Japan with Vissel Kobe since the beginning of this year.He retired from international football in 2014.
He won two La Liga titles with Barca and one with Atletico.
Fair trade regulator CCI approved Adani Properties’ acquisition of 23.5% stake in the country’s second busiest aerodrome Mumbai International Airport. Adani Properties has acquired the shares from Mauritius based Bid Services Division and ACSA Global Ltd.
Competition Commission of India (CCI) chairman,Ashok Kumar Gupta
Renowned mathematician Vashishtha Narayan Singh,77 passed away. He worked at the NASA in the U.S. and IITs in India & also said to have challenged great scientist Einstein’s theory of relativity. He was born in Basantpur village in Bhojpur, Bihar.
He had been suffering from schizophrenia.