01 June 2017 Current Affairs

India, Spain strengthen bilateral cooperation to fight against terrorism: PM

PM Modi has said that India and Spain should strengthen their bilateral cooperation to fight against terrorism.Both the nations have faced the security challenge. Modi met Spain’s President Mariano Rajoy at the Moncloa Palace, the official residence of the president and the king of Spain in the first engagement during his stay in the country. Modi said, the focus of his discussion in Spain will be on the international developments. The prime minister praised the Spanish president saying under Rajoy’s leadership the country has undergone economic reforms “which is also the biggest priority of my government.

World Milk Day: 1st June

In 2001, the Food and Agriculture Organisation of the United Nations (FAO) selected June 1 as World Milk Day, which celebrates the important contributions of the dairy sector to sustainability, economic development, livelihoods and nutrition. The Global Dairy Platform coordinated global celebrations on June 1, 2017.

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,

Arun Jaitley inaugurates Telangana solar plant

Defence Minister Arun Jaitley inaugurated a grid-connected solar power plant of 16 MW capacity at the Ordinance Factory in Telangana’s Medak district. The solar power plant at Medak set up at a cost of Rs 105 crore by Bharat Electronics Limited (BEML) with the commissioning of 9 Mega Watt windmill project at Dammit.
The excellence awards in the institutional category for 2014-15 was given to Bharat Dynamics Limited, Hyderabad while the award for 2015-16 was conferred on Hindustan Aeronautics Limited, Bengaluru. The best performance award in exports for 2014-15 was given to Goa Shipyard Limited while the award for 2015-16 was conferred on Bharat Electronics Limited, Bengaluru.

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