Shaktikanta Das assumes charge as Revenue Secretary
i. Shaktikanta Das, a 1980 batch Tamil Nadu Cadre IAS officer, assumed charge as Revenue Secretary in the Finance Ministry on Monday.
ii. He has replaced Rajiv Takru, who has been posted as Secretary in the Ministry of DONER, an official release said..
World Bank revises down developing world growth to 4.8%
i. Developing countries are headed for a year of disappointing growth, the World Bank said in its Global Economic Prospects (GEP) report, which has lowered its forecasts for developing countries to 4.8 per cent growth rate this year from the January estimate of 5.3 percent.
ii. In its latest report, the Bank has lowered its forecasts for developing countries, now eying growth at 4.8 per cent this year, down from its January estimate of 5.3 per cent.
iii. Signs point to strengthening in 2015 and 2016 to 5.4 and 5.5 per cent, respectively.
iv. China is expected to grow by 7.6 per cent this year, but this will depend on the success of rebalancing efforts. If a hard landing occurs, the reverberations across Asia would be widely felt, the Bank said.
v. “Growth rates in the developing world remain far too modest to create the kind of jobs we need to improve the lives of the poorest 40 per cent,” said World Bank Group President Jim Yong Kim.
vi. “Clearly, countries need to move faster and invest more in domestic structural reforms to get broad-based economic growth to levels needed to end extreme poverty in our generation,” Kim said.
Gujarat gets approval to raise height of Narmada dam
i. In a major boost to Gujarat which has been regularly facing water woes due to deficient rains, Chief Minister Anandiben Patel on Thursday announced that they have got approval to raise the height of Narmada dam to 138.72 metres (455 feet).
ii. The Narmada Control Authority (NCA) has given the approval to raise the height of the dam to 138 metres," Patel said in Junagadh while she was there to attend a function.
iii. The decision of the NCA comes just a few days after Narendra Modi took over as the Prime Minister of the country.
iv. The decision to raise the height of the dam comes after eight years. The foundation stone of the dam was laid by country's first Prime Minister Jawaharlal Nehru on April 5, 1961.
v. The project, however, got embroiled in controversy over issues of displacement of project-affected people. However, the Supreme Court had earlier given the approval for the project to raise the height of the dam to 138.72 metres.
Neymar rescues Brazil in World Cup opener
i. Neymar hit two goals including a bitterly contested penalty to guide Brazil to a 3-1 victory over Croatia in the opening match of the World Cup on Thursday.
ii. Croatia took a shock lead when Marcelo scored an own goal in the 11th minute.
iii. Neymar pulled Brazil level after 30 minutes, but Croatia were left in fury when Japanese referee Yuichi Nishimura pointed to the spot in the second half after Fred backed into Croatian defender Dejean Lovren and fell.
iv. Barcelona golden boy Neymar, who was also booked, converted the penalty to put Brazil ahead and Chelsea midfielder Oscar scored a brilliant individual goal to seal the crucial victory in Group A.
v. The five-time winners start the tournament as overwhelming favourites, seeking to heal decades of hurt after the humiliation of losing the final to Uruguay on home soil in 1950. But they made a nervous start in the Corinthians Arena.
No price hike for domestic LPG cylinders: Pradhan
i. The price of domestic LPG cylinders will not be increased and the number of subsidised refills given to consumers would continue, Union Petroleum Minister Dharmendra Pradhan said today.
ii. “LPG will be provided to the consumers at the same rate at which it is being made available now. No additional burden will be imposed on them. The subsidy and the number of subsidised cylinders that people are getting will be continued by our Government,” Pradhan told reporters.
iii. About petrol and diesel prices, he said these are big issues and the central Government is paying attention to them
i. Shaktikanta Das, a 1980 batch Tamil Nadu Cadre IAS officer, assumed charge as Revenue Secretary in the Finance Ministry on Monday.
ii. He has replaced Rajiv Takru, who has been posted as Secretary in the Ministry of DONER, an official release said..
World Bank revises down developing world growth to 4.8%
i. Developing countries are headed for a year of disappointing growth, the World Bank said in its Global Economic Prospects (GEP) report, which has lowered its forecasts for developing countries to 4.8 per cent growth rate this year from the January estimate of 5.3 percent.
ii. In its latest report, the Bank has lowered its forecasts for developing countries, now eying growth at 4.8 per cent this year, down from its January estimate of 5.3 per cent.
iii. Signs point to strengthening in 2015 and 2016 to 5.4 and 5.5 per cent, respectively.
iv. China is expected to grow by 7.6 per cent this year, but this will depend on the success of rebalancing efforts. If a hard landing occurs, the reverberations across Asia would be widely felt, the Bank said.
v. “Growth rates in the developing world remain far too modest to create the kind of jobs we need to improve the lives of the poorest 40 per cent,” said World Bank Group President Jim Yong Kim.
vi. “Clearly, countries need to move faster and invest more in domestic structural reforms to get broad-based economic growth to levels needed to end extreme poverty in our generation,” Kim said.
Gujarat gets approval to raise height of Narmada dam
i. In a major boost to Gujarat which has been regularly facing water woes due to deficient rains, Chief Minister Anandiben Patel on Thursday announced that they have got approval to raise the height of Narmada dam to 138.72 metres (455 feet).
ii. The Narmada Control Authority (NCA) has given the approval to raise the height of the dam to 138 metres," Patel said in Junagadh while she was there to attend a function.
iii. The decision of the NCA comes just a few days after Narendra Modi took over as the Prime Minister of the country.
iv. The decision to raise the height of the dam comes after eight years. The foundation stone of the dam was laid by country's first Prime Minister Jawaharlal Nehru on April 5, 1961.
v. The project, however, got embroiled in controversy over issues of displacement of project-affected people. However, the Supreme Court had earlier given the approval for the project to raise the height of the dam to 138.72 metres.
Neymar rescues Brazil in World Cup opener
i. Neymar hit two goals including a bitterly contested penalty to guide Brazil to a 3-1 victory over Croatia in the opening match of the World Cup on Thursday.
ii. Croatia took a shock lead when Marcelo scored an own goal in the 11th minute.
iii. Neymar pulled Brazil level after 30 minutes, but Croatia were left in fury when Japanese referee Yuichi Nishimura pointed to the spot in the second half after Fred backed into Croatian defender Dejean Lovren and fell.
iv. Barcelona golden boy Neymar, who was also booked, converted the penalty to put Brazil ahead and Chelsea midfielder Oscar scored a brilliant individual goal to seal the crucial victory in Group A.
v. The five-time winners start the tournament as overwhelming favourites, seeking to heal decades of hurt after the humiliation of losing the final to Uruguay on home soil in 1950. But they made a nervous start in the Corinthians Arena.
No price hike for domestic LPG cylinders: Pradhan
i. The price of domestic LPG cylinders will not be increased and the number of subsidised refills given to consumers would continue, Union Petroleum Minister Dharmendra Pradhan said today.
ii. “LPG will be provided to the consumers at the same rate at which it is being made available now. No additional burden will be imposed on them. The subsidy and the number of subsidised cylinders that people are getting will be continued by our Government,” Pradhan told reporters.
iii. About petrol and diesel prices, he said these are big issues and the central Government is paying attention to them
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