05 June 2017 Current Affairs

India successfully test-fires 1st all weather tracked-chassis QR-SAM

India on 4th June successfully test-fired its first all weather tracked-chassis Quick Reaction Surface-to-Air Missile (QR-SAM) from a mobile launcher at Integrated Test Range at Chandipur in Odisha. The Quick Reaction Surface to Air Missile (QR-SAM) was jointly developed by the Defence Research and Development Organisation (DRDO) and Bharat Electronics Limited.

AP’s Vizianagaram bags MGNREGA national award

The Ministry of Rural Development has selected Vizianagaram as one among the 17 districts across the nation for the MGNREGA annual award for effective implementation of the Mahatma Gandhi National Rural Employment Guarantee Act during 2015-16. The award would be presented at the Mahatma Gandhi NREGA Sammelan to the district programme coordinator and District Collector on June 19 in New Delhi.

India slips to 45th spot in IMD’s World Competitiveness list

India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by IMD which saw Hong Kong topping the list. US was pushed out of the top three slots while Hong Kong consolidated its dominance of the annual rankings for the second year in the list compiled by the International Institute for Management Development’s (IMD) World Competitiveness Center. Switzerland and Singapore were ranked second and third respectively, with the USA at the fourth spot – its lowest position in five years and down from third last year. The IMD World Competitiveness Center is a research group at IMD business school in Switzerland. It has been publishing the rankings every year since 1989. This year’s list comprises 63 countries with Cyprus and Saudi Arabia making their first appearance.

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