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According to study conducted by rights group Oxfam, India’s richest 1% now hold a huge 58% of the country’s total wealth, indicating rise income inequality.
The World Economic Outlook (WEO) update released by the International Monetary Fund (IMF) has cut India’s growth rate for the fiscal year 2016–17 to 6.6% from its previous estimate of 7.6%.
The sub-committee under chairmanship of professor Timothy Gonsalves has recommended reservation for girl students in IITs to address the issue of slump in number of female students entering the prestigious institutes.
Daily Current affairs for IBPS, Banking, IAS on 17th January, 2017
The Union Ministry of Commerce and Industry (MOCI) has launched a mobile application named SEZ India under its broader e-Governance initiative to help the Special Economic Zone (SEZ) Units and Developers.
China has handed over two ships to the Pakistan to safeguard the strategic Gwadar port and trade routes under the ambitious China-Pakistan Economic Corridor (CPEC).
The Securities and Exchange Board of India (SEBI) has tightened rules for mergers and amalgamations by Indian companies in a bid to safeguard the interests of the public shareholders.
The Central Board of Direct Taxes (CBDT) has entered into a Bilateral Advance Pricing Agreement (BAPA) on the with Indian subsidiary of a Japanese trading company.
India has signed Memorandum of Understanding (MoU) with Sri Lanka to construct 3000 rain water harvesting systems in Rin Jaffna District at a cost of 300 million Rupees (Sri Lankan).
The Union Ministry of Minority Affairs has decided to set up a six-member committee to look into the Hajj subsidy issue.
The National Institution for Transforming India (NITI) Aayog has called for a review of the provisions of the Right To Education (RTE) Act that stipulate children who do not perform well cannot be held back up to 8th Class.
The grand Annual 62nd Jio Filmfare Awards event organised by the Filmfare magazine was held in Mumbai, Maharashtra.
