Current Affairs - January, 2017

Highlights of Economic Survey 2016-17

January 31, 2017

Union finance Minister Arun Jaitley tabled the Economic Survey 2016-17 in Parliament budget session. The survey prepared by chief economic adviser in the finance ministry Arvind Subramanian. The survey projects the economy to grow in the range of 6.75% to 7.25% in fiscal year 2017-18 in the post-demonetisation year. It says that the adverse impact ..

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Bombay Natural History Society launches climate change programme in Central Himalayas

January 31, 2017

The Bombay Natural History Society (BNHS) has launched climate change programme to conduct study to assess the status, distribution and conservation of Pheasants and Finches in Central Himalayas. It is long-term monitoring project funded by Oracle and facilitated by CAF-India. It will focus on their conservation in the context of climate change with the help ..

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Finance Ministry to aid Rashtriya Rail Sanraksha Kosh for rail safety

January 31, 2017

The Union Finance Ministry has agreed to contribute partially to a new dedicated railway safety fund named as ‘Rashtriya Rail Sanraksha Kosh’ in the upcoming Union Budget 2017-18. The proposed safety fund will be utilised for track improvement, bridge rehabilitation, rolling stock replacement, human resource development, improved inspection system and safety work at level crossing, ..

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IT Ministry urges tax incentives for PC manufacturers too

January 31, 2017

The Ministry of Electronics and Information Technology (MeitY) in its key recommendations for Union Budget 2017-18, has suggested differential excise duty regime and tax exemptions to be expanded to personal computers and servers. Ministry’s suggestions were as per the Phased Manufacturing Roadmap, it had worked out in consultation with the NITI Aayog. Recommendations for Budget ..

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Vampire star caught in the act by ASTROSAT

January 31, 2017

India’s first dedicated space observatory, ASTROSAT has captured the rare phenomenon of a small six-billion-year-old vampire star preying on a bigger celestial body. The vampire star phenomenon is observed when smaller star sucks material (mass and energy) out of the bigger companion star, causing its eventual death. It is also called a blue straggler as ..

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