NATIONAL
Govt launches National Data Repository (NDR) & Open Acreage Licensing Process
Petroleum Minister Dharmendra Pradhan introduced a new oil and gas block licensing policy that is expected to open up 2.8 million square kilometers of sedimentary basins to exploration and production activities. The OALP, a part of the government’s Hydrocarbon Exploration and Licensing Policy (HELP), gives exploration companies the option to select the exploration blocks on their own, without having to wait for the formal bid round from the Government. OALP is a fundamental shift and a very transformative step in India’s E&P history. This policy reiterates GoI’s commitment to reduce administrative & regulatory burden, thus enhancing ease of doing business.
New training programme ‘COMMIT’ was launched for State Govt officials
The Minister of State for Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh launched a new training program ‘Comprehensive Online Modified Modules on Induction Training’ (COMMIT) for State Government officials. The objective of this training program is to improve the public service delivery mechanism and provide citizen- centric administration through capacity building of officials who interact with the citizens on day-to-day basis. COMMIT will be launched in 6 States of Assam, Haryana, Maharashtra, Tamil Nadu, Telangana and West Bengal initially on the pilot basis during the current financial year 2017-18 and within next year it is expected to cover all India level. The COMMIT programme, developed by DoPT in collaboration with United Nations Development Programme (UNDP), will supplement the existing 12-Day ITP launched in 2014-15 for newly recruited state Government officials to develop in them Generic & Domain specific competencies. The programme will cover approximately 74,000 State Government officials in the financial year 2017-18.
PM Modi inaugurates filling of Aji Dam under Sauni Yojana
Prime Minister Narendra Modi inaugurated various irrigation and water-related initiatives at Aji Dam in Rajkot, Gujarat including the filling of Aji dam with Narmada waters under Sauni Yojana. PM recognized the role of younger generation in finding solutions to the everyday problems. PM on the occasion launched Smart Rajkot Hackathon where urban local body will engage with young students to find innovative solutions to improve the efficiency of various government departments. The Narmada water reaching the dam will resolve the water woes of the people of this city in Saurashtra region which has been facing perennial water shortage due to deficient rains.
EC joins hands with FB to Launch First Time Nationwide “Voter Registration Reminder”
The Election Commission of India (ECI) has joined hands with Facebook to launch nationwide voter registration reminder aimed at reminding eligible Indian voters to register themselves on the electoral rolls. As a part of the initiative, Facebook will activate a unique ‘Register Now’ button reminding all the eligible Indian users to enroll themselves as voters. The reminder will be made available for four days beginning July 1. When the users click the button, they will be redirected to National Voters’ Services Portal, where they can register themselves as voters. The reminder will be available in 13 languages-English, Hindi, Gujarati, Tamil, Telugu, Malayalam, Kannada, Punjabi, Bengali, Urdu, Assamese, Marathi and Oriya.
MSME Ministry launched ‘Digital MSME Scheme’ & exchanged three MoUs
Ministry of Micro,Small & Medium Enterprises (MSME) Minister Mr. Kalraj Mishra has launched the Digital MSME Scheme and also exchanged three MoUs with SAP India, Intel and HMT. The MSME has a total budget of Rs. 85.705 Crore including Government of India’s contribution of Rs. 58.105 crore during 2017- 18 to 2019-20.
Finance Ministry sets up ‘War room’ to battle GST crises
Equipped with multiple phone lines and computer systems and manned by tech-savvy youngsters, a “mini war room” has been set up in the finance ministry to deal with crises related to the implementation of GST. The unit will act as a quick resource centre for central and state government officials to address their queries on the historic tax reform scheduled to be implemented from July 1. The action room will function from 8 am to 10 pm. It will provide prompt response to queries raised by states and central government officials. The room will act as a single-window for anything and everything related to the GST.
Centre clears proposal for setting up new airport in Greater Noida
The Government has cleared the proposal for setting up a new airport in Jewar in Greater Noida. Civil Aviation Minister Ashok Gajapathi Raju stated that in-principle approval for a greenfield airport at Jewar has been granted to cater to the growing flying requirements of National Capital Region. The Noida International Airport will cater to 30 to 50 million passengers per year over the next 10 to 15 years.
Aadhar not valid ID proof for travelling to Nepal, Bhutan: Govt
Aadhaar is not a valid identification document for Indians traveling to Nepal and Bhutan, according to the Union home ministry. Indians can travel to Nepal and Bhutan- both countries for which they don’t need visas – if they possess a valid national passport or election ID card issued by the Election Commission. Moreover, to ease travel, persons over 65 and below 15 years can show documents with photographs to confirm their age and identity. These include PAN card, driving licence, Central Government Health Service (CGHS) card and ration card but not Aadhaar. The move is aimed at ensuring hassle-free movement of Indians going abroad. The Aadhaar card, which has a 12-digit unique identification number and personal details like name and address, acts as a proof of identification and residence.
MeitY launches Web Portal for smooth GST implementation
In order to ensure smooth GST implementation from 1st July 2017, the Ministry of Electronics and Information Technology (MeitY) has launched a dedicated Webpage for facilitating taxpayers with regard to addressing issues related to Information Technology Services and Electronics goods. The webpage can be accessed through Ministry’s Web Portal www.meity.gov.in. Individuals, Companies, and Entrepreneurs in IT and Electronics sector can visit the webpage for sector-specific information. It also enables filing of grievances in relation to the implementation of GST.
Union Govt launches VAJRA scheme to attract Indian scientists abroad
The Department of Science and Technology (DST) under Ministry of Science and Technology has launched the Visiting Advanced Joint Research Faculty (VAJRA) scheme in a bid to bring together the Indian scientists abroad and India-based researchers for conducting joint researches in India. The web portal of VAJRA was launched by Union Minister of Science and Technology Harsh Vardhan. The motive behind the launching of VAJRA scheme is to bring the best of the world to India and conduct research in the country itself. It aims to convert brain-drain into brain-gain.
Cabinet aprroves agreements & MoUs on different fields
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved following agreements and MoUs on different fields. Those includes:
1. Amendment of the Bilateral Social Security Agreement (SSA) between India and the Netherlands by incorporating the ‘Country of Residence’ Principle into the said SSA.
2. MoU between Ministry of Water Resources, River Development and Ganga Rejuvenation and the Ministry of Infrastructure and the Environment of the Kingdom of the
Netherlands for bilateral cooperation in the field of water resources management.
3. Constitution of Indian Naval Material Management Service (INMMS) as an Organized Group ‘A’ Engineering Service.
4. MoU on cooperation in the textiles, clothing and fashion sectors between India and Australia.
5. MoU on cooperation in the peaceful uses of outer space between India and Armenia.
6. MoU for cooperation in Traditional Systems of Medicine and Homoeopathy between India and Sri Lanka.
Union Government launched Mobile App “Celebrating Yoga”
Minister for Science & Technology Dr. Harshvardhan launched a Mobile App “Celebrating Yoga” developed by Ministry of Science & Technology in New Delhi. The Mobile App has been developed by DST on the occasion of International Yoga Day (21 June) 2017. The purpose of the App is to popularize Yoga and encourage people to participate in it for a scientifically healthy living. The App will enable in capturing both mass events being organized in public places, schools and office complexes across the country and individual enthusiasts who are performing yoga to promote the celebration of the day and yoga performances. The App “Celebrating Yoga” can be downloaded from Google Play Store.
Piyush Goyal Launches Energy Conservation Building Code 2017
Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines has launched the Energy Conservation Building Code 2017 (ECBC 2017). Developed by Ministry of Power and Bureau of Energy Efficiency (BEE), ECBC 2017 prescribes the energy performance standards for new commercial buildings to be constructed across India. The updated version of ECBC provides current as well as futuristic advancements in building technology to further reduce building energy consumption and promote low-carbon growth. The code aims to optimise energy savings with the comfort levels for occupants, and prefers life-cycle cost effectiveness to achieve energy neutrality in commercial buildings.
DIPP sets up GST facilitation cell
The government has set up a GST facilitation cell in Department of Industrial Policy and Promotion (DIPP) to facilitate the rollout of Goods and Services Tax. The cell is headed by Sudhansu Sekhar Das Economic Adviser of the department. The cell will remain in constant touch with major industry and business associations relating to the Department. It will be the first point of contact for addressing any issue being faced by any sector related to the Department.
Pensioners can now subscribe digitally for APY through APY@eNPS
Pension Fund Regulatory and Development Authority (PFRDA) has now introduced “APY@eNPS” which involves a complete digital enrolment process. This is the latest in the series of various initiatives taken by PFRDA for expansion of outreach of Atal Pension Yojana (APY), to give the additional push to cover the as yet unreached population with greater ease. PFRDA has conducted meetings with Banks and Dept of Post at Kolkata, Bengaluru & Mumbai respectively for the earliest roll out of the facility call. The APY was launched by the Prime Minister of India on 9th May 2015 and became operational from 1st June 2015. APY is available for all citizens of India in the age group of 18-40 years.
External Affairs Minister inaugurates KIP for Young Overseas Indians
External Affairs Minister Sushma Swaraj has inaugurated Know India Programme (KIP) for NRI and PIO youth with a view to provide them with an exposure to the country of their origin so that they can understand India better and more closely. External Affairs Minister has also launched a portal for the Know India Programme (KIP). Know India Programme is an initiative of the Ministry of External Affairs for the Persons of Indian Origin (PIO) between the age group of 18 to 30 years. The Know India Programme is a three-week orientation programme which is aimed at promoting awareness on different facets of life in India as well as the progress made by the country in fields such as economic and education.
Prime Minister Modi Inaugurates Kochi Metro
Prime Minister Narendra Modi has inaugurated the Kochi Metro & dedicated the first phase of Kochi Metro to the nation. He took a ride on the Metro from Palarivattom station to Pathadippalam station. Kerala Governor P Sathasivam, Chief Minister Pinarayi Vijayan, Union Urban Development Minister M Venkaiah Naidu and ‘Metro Man’ E Sreedharan also travelled with Mr Modi. Kochi Metro is the first public transport system to reserve jobs for members of the third sex and it will be manned mainly by women a self-help group. Modi also launched the PN Panicker National Reading Day – Reading Month Celebrations. Kochi Metro Rail Limited is a 50-50 Joint Venture of Centre and the Kerala government. The estimated completed cost of the metro touched Rs 5, 181.79 crore.
Health Ministry launches IDCF to reduce child deaths due to diarrhoea
The Ministry of Health and Family Welfare has launched the Intensified Diarrhea Control Fortnight (IDCF) in order to intensify efforts to reduce child deaths due to diarrhoea. The Ministry has made it a national priority to bring health outcomes among children to a level equitable with the rest of the world. Through this initiative, the Ministry will mobilize health personnel, State Governments and other stakeholders to prioritize investment in control of diarrhea, one of the most common childhood illnesses. It aims to create mass awareness about the most effective and low-cost diarrhoea treatment, a combination of Oral Rehydration Salt (ORS) solution and Zinc tablets. Nearly 12 crores under 5-children will be covered during the program across the country. ASHA worker would undertake distribution of ORS packets to households with under-five children in her village. ORS- Zinc Corners will be set-up at health care facilities and non-health facilities such as Schools and Anganwadi centres.
India to be Co-Partner Country in ANUGA 2017
Minister of Food Processing Industries Smt Harsimrat Kaur Badal addressed a Joint Press Conference with the organizers of ANUGA – an international business platform for Food Industry to be held in Cologne, Germany. She also signed the Memorandum of Understanding for Participation in the ANUGA Exhibition with Ms Katharina C Hamma, Chief Operating Officer, Koelnmesse GmBH (Organizers of ANUGA).
Recent Cabinet Approvals-14th June 2017
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval in the various fields and has also approved some important MoUs. The important approvals of the Cabinet are as follows-
The Cabinet has approved-
* The Interest Subvention Scheme (ISS) for farmers for the year 2017-18: This will help farmers getting short term crop loan up to Rs. 3 lakh payable within one year at only 4% per annum. The Government has earmarked a sum of Rs. 20,339 crore for this purpose.
* Ex-post facto approval to the MoU between Ministry of Agriculture & Farmers’ Welfare and the Ministry of Agriculture in the State of Palestine on agriculture cooperation.
* The proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017: The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies, and financial sector entities.
* The signing of MoU between India and Armenia on cooperation on youth matters
* The signing of MoU between India and Bangladesh for promoting cooperation in the field of Information Technology and Electronics.
Railway Ministry launches Mission Retro-Fitment to enhance the passenger experience
To enhance the passenger’s experience by upgrading existing fleet of coaches with better furnishing, aesthetics & amenities and better safety features with a view to provide a safe and comfortable travel, Minister of Railways Shri Suresh Prabhu has launched MISSION RETRO-FITMENT in Rail Bhavan, New Delhi. Mission Retro-Fitment is an ambitious program to upgrade the level of furnishing & amenities in the coaches of Indian Railways. This is one of the largest retro fitment project in the world as Indian Railways’ 40,000 coaches will be refurbished and retrofitted in the next five years.
India’s first canal top solar PV system at NTPC Mouda
State-run power giant National Thermal Power Corporation (NTPC) has energized India’s first 150 kWp canal top solar PV System on cooling water (CW) channel inside power station premises at its 2,320 MW, Mouda Thermal Power Project, near Nagpur in Maharashtra. This novel Solar PV system makes use of side walls of CW channels as load bearing structure thereby significantly decreasing cost of civil and mounting structure. It also has several other unique advantages such as land and water conservation due to reduced evaporation, increased PV generation due to cooling and reduction in dirt, leaves thereby reducing chemicals for water treatment.
GST Council revises rates for 66 items
India’s most comprehensive indirect tax reform the goods and services tax (GST) is inching towards a July 1 rollout with the GST Council cutting the rate on household goods and other essential items, raising the threshold for the scheme that requires lesser compliance and approving another key set of rules relating to audit and accounts. At its meeting in New Delhi, the council revised rates on 66 items such as pickles, sauces, fruit preserves, insulin, cashew nuts, insulin, school bags, coloring books, notebooks, printers, cutlery, agarbattis and cinema tickets, following representations from industry. Restaurants, manufacturers and traders having a turnover of up to Rs 75 lakh can avail of the composition scheme with lower rates of 5%, 2%, and 1%, respectively, with lower compliance, against Rs 50 lakh previously. A GST rate of 5% will be applicable on outsourcing of manufacturing or job work in textiles and the gems and jewelry sector. Bleaching and cleaning of human hair, a big industry in Midnapore, will not face any tax.
Dr. Jitendra Singh announces “Hill Area Development Programme” for Northeast
The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), Dr Jitendra Singh announced the launch of “Hill Area Development Programme” (HADP) for Northeast in Imphal, Manipur. He announced the launch of the program to address a meet of Investors and Entrepreneurs, organized by NEDF (North Eastern Development Finance Corporation Ltd), with joint participation of the Union Ministry of DoNER and the Government of Manipur. The program aims to bridge the gap between the hill and valley districts in terms of infrastructure, quality of roads, health and education. HADP was launched during the Fifth Five Year Plan aimed at balanced regional development.
Govt launches Tele Law to provide legal aid in rural areas via video conferencing
The government of India has launched ‘Tele Law’ service to provide legal aid for the people living in rural areas through video conferencing. The service has been launched to make legal aid easily accessible to the marginalized communities and citizens living in rural areas. The Ministry of Law and Justice partnered with the Ministry of Electronics and Information Technology to provide legal aid services through its Common Service Centres, CSC at the panchayat level, spread across the country. The service was launched by IT Minister Ravi Shankar Prasad. Under the scheme, the Tele-Law portal will be available across the CSC network connecting the citizens to legal service providers. In the first phase, the Tele-Law scheme will be tested as a pilot across 1000 CSCs in Uttar Pradesh and Bihar.
NITI Aayog launches SATH programme
Furthering the agenda for cooperative federalism, NITI Aayog has launched SATH, a program providing ‘Sustainable Action for Transforming Human Capital’ with the State Governments. The vision of the program is to initiate transformation in the education and health sectors. The program addresses the need expressed by many states for technical support from NITI. NITI Aayog invited all States and Union Territories for the three-stage selection process out of which 16 responded. Five States were shortlisted post project presentation by 14 States. Subsequently, three States will be selected through further assessments. SATH programme will be implemented by NITI Aayog along with global consultancy McKinsey & Company and IPE Global consortium in the three selected States after the signing of MoUs.
Ayush Ministry launches yoga awareness drive using attractive mascots
The Central Council for Research in Yoga & Naturopathy (CCRYN) under the Ministry of AYUSH, Government of India, has initiated a Yoga Awareness Drive through Mascots and Flash Mobs (YogMob) prior to International Yoga Day (21st June) to increase the popularity of Yoga, especially among the youth. The campaign is underway at Delhi NCR, Haryana and Lucknow. The first such event was held in Rohini area of the National Capital. According to the Ministry, illustrative Yoga sessions with the help of mascots were organised where the Mascots demonstrated a few Yoga asanas to the crowd. The mascots Provide an eye-catching way of helping boost the awareness of International Day Of Yoga. They are connecting with families by providing added entertainment and interactivity, especially at Malls, Public Places, Events & Recreational Tourist Areas.
Indian Overseas Bank launches retail mart in Thiruvananthapuram
Indian Overseas Bank (IOB), the Lead Bank for Thiruvananthapuram district, has launched the Retail Mart, a retail lending concept, in Kerala’s capital city. The exclusive facility that handles retail products has started functioning at the main branch. The Retail Mart has been designed with an aim to complete all the pre-release formalities at the customer’s doorstep and sanction quality retail loans at a competitive rate of interest with a minimum turnaround time.
President Pranab Mukherjee launches ‘Selfie with Daughter’ mobile app
President Pranab Mukherjee today launched the ‘Selfie with Daughter’ mobile application, aimed at raising awareness about female foeticide and sex selection. The President urged people to take photographs with their daughters and upload them to make the campaign a success. The campaign was started by Sunil Jaglan in June 2015 in village Bibipur in Haryana’s Jind district. The former sarpanch had been working in the field of women empowerment and village development. The aim of the campaign is to motivate society to feel proud to be parents of a girl child, which, in turn, will result in improving child sex ratio.
Civil Aviation Ministry to roll out ‘DigiYatra’ for air travellers
Civil Aviation Ministry is adding a digital experience for Air travelers through ‘DigiYatra’ Platform in New Delhi. This initiative aims at bringing together entire industry to develop a digital ecosystem that will deliver customers a seamless and paperless service experience at every stage of journey. Minister of State for Civil Aviation Jayant Sinha stated that the initiative envisages providing airline travelers in India, a digitally unified flying experience across all stages of their journey. The initiative will help passengers plan their trips efficiently by identifying price trends and estimate future airfares at the time of ticket booking. Passengers will also get relevant information pertaining to various facilities, protocols, airline timings, queue lengths at airports.
Nadda launches Skill for Life, Save a Life initiative to promote skill development in the health sector
Shri J P Nadda has launched ‘Skill for Life, Save a Life’ initiative to promote skill development in the health sector. ‘Skills for Life, Save a Life’ Initiative’ aims to upscale the quantity and quality of trained professionals in the healthcare system. Under this initiative, various courses are planned to be initiated targeting specific competencies for healthcare professionals as well as for the general public. Shri Nadda further informed that the curriculum has been designed by National Institute of Health and Family Welfare (NIHFW) and AIIMS, Delhi.
Health Secretary inaugurates ‘Vatsalya – Maatri Amrit Kosh’, a National Human Milk Bank and Lactation Counselling Centre
Shri C K Mishra, Secretary (Health and Family Welfare) inaugurated the ‘Vatsalya – Maatri Amrit Kosh’, a National Human Milk Bank and Lactation Counselling Centre at the Lady Hardinge Medical College (LHMC) in New Delhi. The Vatsalya – Maatri Amrit Kosh will be the largest milk bank and lactation counseling center available in the North India. It is established in collaboration with the Norwegian government, Oslo University and Norway-India Partnership Initiative (NIPI). It is a national human milk bank and lactation counseling center that will collect, pasteurize, test and safely store milk that has been donated by lactating mothers and makes it available for infants in need.
Cabinet approves MoU between India and Korea for export credit of USD 9 billion
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of USD 9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries. The MoU is proposed to be signed between the two banks during the forthcoming visit of the Finance Minister Shri Arun Jaitley, to Seoul, the capital city of South Korea during 14-15 June 2017 for the Annual Financial Bilateral Dialogue. The decision is expected to promote the country’s international exports, and deepen political and financial ties between India and South Korea.
Elections for India’s 15th President on July 17
The process for electing the 15th President of India will begin on June 14 with the Election Commission issuing the notification for the polls. As per the Chief Election Commissioner Nasim Zaidi (in Picture), the Presidential elections will take place on July 17. The Commission has set June 28 as the last date for filing nominations, while July 1 will be the last date for their withdrawal. Polling will take place in Parliament House and in the Assemblies of the States. Counting of votes will take place in Delhi. The term of President Pranab Mukherjee will come to an end on 24 July 2017. He assumed the office of President in July 2012. The electors, drawn from elected Members of Parliament and State legislatures will be required to use a “particular pen” provided by the Commission to mark their choice(s). The pen uses a particular ink. “The use of any other pen, apart from the particular pen provided by the Commission, will see the vote being declared invalid,” Zaidi said.
SEBI gets nod for MoU with Iran, EU counterparts
The Union Cabinet recently gave its nod for Securities and Exchange Board of India (SEBI) to enter into two separate memoranda of understanding (MoU) with securities market regulators of the European Union and Iran. These MoUs are expected to strengthen cooperation between India and the respective countries on matters pertaining to securities market. In the case of the European Securities and Markets Authority (ESMA), the MoU is likely to establish cooperation arrangements as a precondition for ESMA to recognise Central Counter Parties (CCPs) established in India and supervised by the Securities and Exchange Board of India to provide clearing services to clearing members or trading venues established in the European Union and to provide ESMA with adequate tools to monitor the ongoing compliance by the covered CCPs with the recognition conditions.
Narendra Modi government to scrap UGC, AICTE soon with HEERA
The University Grants Commission (UGC) and All India Council of Technical Education (AICTE) will soon be a thing of the past as the Prime Minister Narendra Modi-led government at the Centre is planning to replace the two education regulators with a new Higher Education Regulator. This is being done to bring one single education regulator named HEERA in place. Higher Education Empowerment Regulation Agency or HEERA is the name of the new proposed regulator. This new body will be implemented with the aim of eliminating the overlaps in the jurisdiction and also to remove the irrelevant regulatory provisions. The Human Resource and Development Ministry (HRD) is working with the Niti Aayog towards the implementation of this new proposed regulatory body. They are working to bring the technical as well as the non-technical institutions under the same umbrella.
Vijaya Bank set to develop 100 digital villages
Vijaya Bank is going to develop as many as 100 digital villages in various States of the country as part of its initiative to promote digital banking among the rural population. Speaking on the sidelines of the inauguration of the bank’s 2031st ATM at Pandit Nehru Bus Station in the Vijayawada, Andhra Pradesh, Bank Executive Director B.S. Rama Rao stated that Vijaya Bank is the only public sector financial institution to develop digital villages with focus on rural areas and it has already developed five villages including the one in Guntur district.
India will be first in world to run all government ports on green energy
All 12 major domestic ports will soon switch to renewable energy to meet their entire power requirements, making India the first country to have all government-owned ports running on solar and wind energy. As part of this the government plans to install almost 200 megawatt solar and wind power generation capacity at the ports by 2019. A high-level conference attended by shipping minister, Nitin Gadkari, top officials and chairmen of several port trusts was held at JNPT in Mumbai to discuss the road map of implementing the green ports project. These renewable energy projects will help in reduction of carbon emission and lead to improvement of environment around the ports.
Few major Government Ports are Listed Below:
Navi Mumbai, Maharashtra.
Visakhapatnam Port, Andhra Pradesh.
Kochi Port, Kerala.
New Mangalore Port, Karnataka.
Mundra Port, Gujarat.
Kandla Port, Gujarat.
Port of Quilon – The oldest and second largest port in Kerala
India’s GDP slows to 6.1% in fourth quarter, is 7.1% for 2016-2017
India lost its fastest-growing major economy tag in the fourth quarter of 2016-17, with GDP growth coming in at 6.1% compared with China’s 6.9% in the same period. Data from the Ministry of Statistics on Wednesday showed GDP grew 7.1% in the financial year 2016-17, slower than the 8% registered in 2015-16.
Indian Railways to launch ‘buy now, pay later’ feature for tickets
Railways have decided to provide the ‘buy tickets now and pay later’ service for any Express trains, According to the Indian Railway Catering and Tourism Corporation (IRCTC) Ltd. IRCTC has collaborated with a Mumbai-based firm ePayLater for adding the new service option. Through this service a passenger can book a ticket five days prior to the journey with a service charge of 3.5 per cent and pay it in the next 14 days.
Read more: Current Affairs June 2017 Study Material | FreeJobAlert.com http://currentaffairs.freejobalert.com/june-2017-current-affairs-study-material/23259/#ixzz5ThsFJgRr
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