On June 24, the IMF predicted a “record” sharp 4.5% contraction in the Indian economy in 2020, citing the unprecedented coronavirus pandemic that almost stopped all economic activity, but said it the country was expected to recover in 2021 with a robust…
read moreBihar regiment bravely fought in the recent clash with the Chinese People’s Liberation Army in the Galwan Valley of Ladakh, losing 12 soldiers, including the commander of his 16th battalion, Colonel Bikkumalla Santosh Babu. The regiment has several achievements and victories on…
read moreThe US administration has extended the 60-day ban on immigration and non-immigrant worker visas until the end of 2020. These Popular work visas, including the coveted H-1B and H-2B, and certain categories of H- 4, J and L will also remain suspended…
read moreWith a significant drop in domestic economic activity due to the coronavirus-induced lockdown significantly reduced imports, the finance ministry expects the country’s current account balance to turn into a surplus in the first quarter of fiscal 2020-21 after a 12-year difference. Last…
read moreAFCAT is an entrance test for candidates who wish to join the Indian Air Force as a Commissioned Officer in Flying, Ground Duty (Technical) and Ground Duty (Non-Technical). Indian citizens, passed with a minimum of 60% marks in physics and mathematics at…
read moreWholesale market prices fell to a low level of 4.5 years in May, registering deflation of 3.21%, due to a sharp drop in fuels and energy products, even when food becomes expensive. The wholesale price index (WPI) reached its lowest level since…
read moreReliance Industries’ Jio Platforms digital unit attracted yet another investment from global investment firm TPG and PE L Catterton. Thanks to these investments, the mega telecommunications company has so far raised Rs.1.04 crore lakh and sold a 22.38% stake. TPG will invest…
read moreCDS 2 exam will be held on November 8, 2020, CDS or Combined Defence Services examination is a national-level entrance test conducted by UPSC twice a year, first in February and the second one in November. It is conducted for the recruitment…
read moreThe government is said to be considering a proposal from the banking lobby, the Association of Indian Banks (IBA), and the feasibility of the proposal is currently under consideration. Following the IBA’s proposal, the bad bank will have an ARC-AMC model and…
read moreIndia’s foreign exchange reserves crossed the $ 500 billion mark for the first time in the week ending June 5, 2020. Unlike 1991, when India had to compromise its gold reserves to avoid an important financial crisis, the country can now depend…
read more