India Current Affairs 2018

Latest India Current Affairs and Current Affairs related to Government policy, polity and administration in India. India’s National Current Affairs updates for 2018.

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SC orders Karnataka to release Cauvery water to Tamil Nadu

The apex court directed Karnataka to release 2.44 tmc (thousand million cubic feet) water of Cauvery river to Tamil Nadu for irrigating its standing crops in the delta basin.

The court dismissed the objections of Tamil Nadu which sought 9 tmc of water for the state’s standing crops spread over six lakh hectares of land. The court passed the directions after receiving the report of the expert committee that had visited the Tamil Nadu part in the delta region and recommended that 2.44 tmc water be released for the standing crop.

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India’s domestic savings declines to 30% this fiscal

As per the warnings of India Ratings, the national savings rate will further plunge to 30% or so this fiscal, from 30.8% of the GDP last fiscal, if the advance estimates of national income are considered.

How would it affect Indian economy?
The estimates depict a weak perspective of stabilizing twin deficits. While the estimated investment rate this fiscal is likely to be similar to FY12, an 80 bps rise in the share of consumption expenditure (private and government) will reduce the savings rate further, leading to further widening of the current account deficit which is already prevailing at historic high of 5.3% in Q2. 
The domestic saving rate had seen a high of 36.9% in FY08 but since then has continuously plummeted. It declined to 33.8% in FY10 and gained a little in FY11 to 34% but again fell to 30.8 %of GDP in FY12.

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