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Sri Lanka with Beijing-backed Asian Infrastructure Investment Bank for a $1 billion dollar loan to help an economy that has been badly hit by a deadly terrorist attack and political turmoil.
They are discussing with the Asian Infrastructure Investment Bank to obtain nearly an additional $1 billion.
The ministry the bank also approved $280 million for a renovations in the capital Colombo.
There are projects worth around $271 million being carried out across the country to boost... Read More
Prime Minister Narendra Modi will attend the G-20 summit in Osaka, Japan from June 27-29, the Ministry of External Affairs.
He would be participating in the summit.
He would hold bilateral (discussions) and participate in plurilateral meetings which would be announced closer to the date.
The G-20 members are Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK... Read More
Saudi official carried out an extensive cover-up of Mr. Khashoggi’s killing in a Saudi consulate in October blocking investigators and possibly burning evidence.
The destruction of evidence and the active role of the Saudi consul general in organizing the operation in coordination with officials in Riyadh
The killing and cover-up were authorized at the highest levels of the Saudi royal court.
The report presents a new challenge to President Donald Trump embraced the Saudi crown... Read More
Finance Minister (FM) Nirmala Sitharaman chaired her first GST Council meeting .
Sitharaman replaced Arun Jaitley as new FM under the Modi 2.0 government
The Speculations were rife that the Council in its 35th meeting under the new FM would consider slashing Goods and Service Tax (GST) on electric vehicles to 5 per cent from 12 per cent.
The Council did not reduce the tax rate matter would be forwarded to the fitment committee for further consideration.
Th topics that were discussed during... Read More
India’s first solar-powered ferry in 2016, Kerala is gearing up for the launch of the country’s premier solar-powered cruise boat.
The initiative comes from the State Water Transport Department (SWTD), whose solar ferry Aditya in the Vaikom-Thavanakadavu route proved to be a success.
The ₹3-crore cruise boat can carry 100 passengers is under construction at a boatyard in Aroor and comes from the stable of the builders of Aditya.
It will be rolled out in Alappuzha in... Read More
The controller general of patents, designs and trademarks has granted the GI (Geographical Indications) tag to Kolhapuri chappal from Kolhapur, Sangli, Satara and Solapur districts of Maharashtra and Dharwad, Belgaum, Bagalkot and Bijapur of Karnataka.
Getting GI tag for Kolhapuri means that footwear produced only in these 8 districts will qualify to carry tag of being Kolhapuris.
According to the GI application made by the two states, Kolhapuris can be traced back to the 12th... Read More
According to the Ericsson Mobility Report, monthly data usage per smartphone in India rose to 9.8 gigabytes (GB) at the end of 2018, the highest in the world.
It is expected that, Monthly data usage per smartphone would grow at 11 percent to reach 18 GB by 2024 from 9.8 GB in 2018.
The report also projects that total mobile data usage per month in the country will go up 23 per cent in the coming five years, rising from 4.6 exabytes (EB) presently to 16 EB. One EB equals one billion... Read More
Reserve Bank of India (RBI) expert committee on Micro, Small and Medium Enterprises (MSMEs) headed by the former Securities and Exchange Board of India (SEBI) Chairman U K Sinha, has recommended doubling the capital on collateral-free loans from the current Rs 10 lakh to Rs 20 lakh, for borrowers falling under the Micro Units Development and Refinance Agency (MUDRA), self-help groups, and MSMEs.
According to the 2006 definition, manufacturing units with investment below Rs 25 lakh were termed... Read More
The Telecom Ministry is set to roll out a Central Equipment Identity Register (CEIR), a database of International Mobile Equipment Identity (IMEI) to help people track their stolen mobile phones.
People can inform the Department of Telecom (DoT) on losing their phones, which will, in turn, blacklist their IMEI numbers.
DoT had declared its plan to implement this project in July 2017 and a pilot was conducted in Maharashtra.
According to TRAI data, there are 1.16 billion wireless subscribers... Read More
Cash deposits in Canara Bank accounts of up to Rs. 50,000 are free for 3 transactions in a month, and then there will be a service charge of ₹1 per thousand, with a minimum of ₹50 and a maximum of ₹5,000-plus GST.
This will be effective from July 1.
The bank, however, gives five free cash withdrawals for saving banks (SB) accounts.
However, senior citizen and Jan Dhan holders are exempt from the new levy.
This move coincides with transaction charges on National Electronic Funds... Read More
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