Current Affairs 2019 - Current Affairs Today

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Comparing PM-KISAN with Rythu Bandhu scheme of Telangana

The union government announced the PM-KISAN farm support scheme to address the farm sector in crisis. Similar initiatives have already been announced by states. Here’s a comparison of the centre’s farm support scheme PM-KISAN with similar schemes from various states. PM-KISAN and Rythu Bandhu of Telangana The Centres Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) would Read More…

The Future of Rail Report: Key Facts

The Future of the Rail Report was prepared by the International Energy Agency (IEA) in association with the International Union of Railways (UIC). Findings of the Report The report provides a specific focus on India, The important findings of the Future of Rail Report are: Indian railways will account for nearly 40% of total global rail Read More…

Aero India 2019

The 12th edition of Aero India, Aero India 2019, will be held at Air Force Station at Yelahanka in Bengaluru from February 20 to 24. Aero India 2019 aims to provide a significant platform in bolstering business opportunities in the International aviation sector. Aero India Aero India Exhibition/Show is organised every two years. Aero India Read More…

Startup India-WhatsApp Grand Challenge

The Facebook-owned messaging app WhatsApp has announced Startup India-WhatsApp Grand Challenge to encourage entrepreneurs and small businesses in India. About the challenge The challenge is being hosted in association with Invest India. The top 5 winners would receive a cash prize worth $250,000 (roughly Rs. 1.8 crores). The challenge is aimed at encouraging the entrepreneurs who Read More…

Defence Ministry approves acquisition of Milan-2T Anti-Tank Missiles

The Defence Acquisition Council headed by Defence Minister Nirmala Sitharaman has approved the acquisition of the Rs 1,200 crore Milan-2T anti-tank missiles. While the requirement was of 70,000 different types of anti-tank guided missiles (ATGM) and 850 different launchers, the DAC has approved the purchase of 5,000 Milan 2T anti-tank guided missiles from France. Defence Read More…

Best Practices in Budget Formulation

The Transparency International conducted a survey to analyse the best practices followed by the states in the Budget Formulation. About the Survey The survey was based on 4 parameters which include public disclosure, budgetary process, post-budget fiscal management and efforts to make the budget more transparent and citizen-friendly. The findings of the survey are: The Read More…

Prompt Corrective Action framework restrictions lifted for Three Banks

The Reserve Bank of India (RBI) has lifted the Prompt Corrective Action (PCA) framework operational curbs on Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC). These public sector banks are out of the prompt corrective action (PCA) framework. This will aid in making marked improvements in the capital positions Read More…

Revision of GDP Estimates

The Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2017-18. The highlights of the revised estimates are: The forecast for GDP growth for 2017-18 was increased to 7.2% from the earlier estimate of 6.7%. The actual growth rate in 2016-17 has been Read More…