06 July 2018 Current Affairs
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Karnataka budget announced
Karnataka Chief Minister H.D. Kumaraswamy presented the Congress-JD(S) coalition government’s first budget, announcing farm loan waiver worth Rs 34,000 crore.
Indian economy to touch $5 trillion by 2025
President Ram Nath Kovind said the Indian economy is set for a surge in the next decade with the Gross Domestic Product (GDP) size doubling to 5 trillion US dollars probably by 2025.
Vishwas Patel appointed PCI Chairman
Payments Council of India (PCI), an apex body representing companies in payments and settlement system, has a new Chairman in Vishwas Patel. Patel, who is Director at Infibeam Avenues, has been associated with PCI since its inception in 2013 and was serving as the co-Chairman of PCI.
India is home to more than 19,500 mother tongues
More than 19,500 languages or dialects are spoken in India as mother tongues, according to the latest analysis of a census released this week. There are 121 languages which are spoken by 10,000 or more people in India, which has a population of 121 crore, it said.
ISRO first PAT conducted successfully
The PAT (Pad Abort Test) was conducted at the Satish Dhawan Space Centre, Sriharikota. It marks the first step to qualify India’s indigenous Crew Escape System technology for launching astronauts into space.
25 countries in global banks
China, UAE, Cyprus and significantly, Mauritius, along with 21 other countries have been tagged as “high-risk jurisdictions” by global banks acting as custodians for foreign funds which comprise the largest group of investors in the Indian stock market.
L. Narasimha Reddy appointed as CAT Chairman
The Cabinet has approved the appointment of Former Chief Justice of Patna High Court, Justice L. Narasimha Reddy as the Chairman of the Central Administrative Tribunal (CAT).
Uttam Dhillon appointed head of drug enforcement agency
Uttam Dhillon, an Indian-American lawyer has been appointed as the Acting Director of the US Drug Enforcement Administration (DEA) that combats the smuggling and use of narcotics in the US.