World Bank projects India’s growth rate at 7.3% for 2019 and 7.5% for 2020

The World Bank has projected India’s growth rate at 7.3% for 2019 and 7.5% for 2020. The bank also noted that Indian economy has recovered from the effects of demonetisation and the Goods and Services Tax (GST). The World Bank ..

Month: Current Affairs - April, 2018

Saudi Arabia hosts 29th Arab League Summit 2018

The 29th Arab League Summit 2018 has started in Dahran, Saudi Arabia on April 15 to promote Arab joint action to address challenges facing the nation. In the annual gathering of Arab leaders, Saudi Arabia hopes to push for a ..

Month: Current Affairs - April, 2018

Bangladesh decides to end reservation in Government jobs

Bangladesh Prime Minister Sheikh Hasina has decided to scrap the quota system in government services after thousands of students marched across the country in protest against a controversial policy of setting aside jobs for special groups. The students began the ..

Month: Current Affairs - April, 2018

Trilateral Maritime Security Cooperation Initiative

India, Sri Lanka and Maldives launched the Trilateral Cooperation in Maritime Security in October 2011 at the first NSA-level Trilateral Meeting on Maritime Security Cooperation in Maldives. An Outcome Document after deliberations and discussions was signed in 2013 by the ..

Long Term Capital Gains

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings. Capital Gains tax is of two kind viz. Short term and long term. ..

Port of Duqm

The Port of Duqm is strategically located situated on southeastern seaboard of Oman, overlooking Arabian Sea and Indian Ocean. It is straddled along critical sea lanes in  Arabian Sea and Gulf of Aden. It is located in close proximity to ..

India ranked 130th in latest annual Index of Economic Freedom released by a top American think-tank Heritage Foundation

India with an economic freedom score of 54.5 points has been ranked 130th in the latest annual Index of Economic Freedom released by a top American think-tank the Heritage Foundation. As per 2018 Index, India is developing into an open-market ..

Month: Current Affairs - April, 2018

The joint military exercise “Desert Tiger 5” held between UAE & Malaysia

The joint military exercise “Desert Tiger 5” was recently held between United Arab Emirates (UAE) and Malaysia in Dubai, UAE. The purpose of the exercise was to raise the level of performance and combat efficiency and working together between both ..

Month: Current Affairs - April, 2018

IMASAREX

The first International Multilateral Maritime Search and Rescue Exercise (IMASAREX) held in Bangladesh.  It is a first ever sea based exercise under the aegis of Indian Ocean Naval Symposium with participation of Indian Ocean Littoral states in Bay of Bengal.

Trincomalee Port

Trincomalee Harbour is a seaport in Trincomalee Bay or Koddiyar Bay, a large natural harbour situated on the north-east coast of Sri Lanka. Recently Sri Lanka allowed India to jointly develop the Trincomalee port (oil tanks farm) in north-eastern part of the country.