Recommend: Times of India
# Tennis: Ankita Raina included in TOPS
Tennis player Ankita Raina has been included in the government’s Target Olympic Podium Scheme (TOPS).She has displayed good form this season both in the Fed Cup and the professional circuit.Ankita recently broke into the top-200, reaching a career-best 197 in the WTA rankings, becoming the third Indian to do so.Before Ankita, Sania and Nirupama Vaidyanathan have made it to the top-200.
# Fitch retains India rating at ‘BBB-‘
Global credit rating agency Fitch has affirmed India’s sovereign rating at ‘BBB-’ with ‘stable’ outlook.‘BBB-’ rating indicates lowest investment grade.The rating was assigned to the country 11 years ago. Fitch had last upgraded the rating from ‘BB+’ to ‘BBB-’ with stable outlook on August 1, 2006.Fitch has projected India’s growth at 7.3 per cent in current the fiscal.
# Alfie dies after court rejects appeal
Alfie Evans, the 23-month-old British toddler whose grave illness drew international attention, has died.Alfie had been in a semi-vegetative state for more than a year.A British court rejected an appeal by the parents on Wednesday to take their son to Italy.The case has provoked strong feelings over whether judges, doctors or parents have the right to decide on a child’s life.
# Axis Bank posts first loss since 1998
Axis Bank has reported a net loss of Rs 21.88 billion for the quarter ended March 2018.This is the first time the bank has posted quarterly loss since its listing in 1998.The loss has been attributed to higher provisioning for bad loans.The lender substantially raised its provisioning to cover for bad loans and contingencies during the quarter to Rs 71.79 billion.
# NITI Aayog VC: India to grow at 7.5%
Niti Aayog Vice Chairman Rajiv Kumar expects India’s economy to grow by at least 7.5 per cent in 2018-19.Attributing this growth to improvement in investment cycle and capacity utilisation, he has also prescribed for more action by govt.He has said that the government should now concentrate on consolidating the reform initiatives undertaken in the last 47 months.
# Tejas fires air-to-air BVR missile
Indigenously developed Light Combat Aircraft Tejas has successfully fired an air-to-air beyond visual range (BVR) missile.With this major milestone, Tejas has demonstrated its overall capability as an effective combat jet, and inched closer to receive final operational clearance.Nirmala Sitharaman complimented the DRDO and other agencies involved in making Tejas a world-class aircraft.
# POCSO Act to be made gender-neutral
The Centre has proposed to amend the POCSO Act and make it gender-neutral.In 2017, the govt. had instructed the National Commission for Protection of Child Rights (NCPCR) to look into the issue.As of right now, Protection of Children from Sexual Offences Act (POSCO) does not cover boys who suffer from sexual abuse.
# Delhi govt to set up Rogi Kalyan Samiti
Delhi government has decided to set up ‘Rogi Kalyan Samitis’ in each constituency and ‘Jan Swasthaya Samitis’ in dispensaries and clinics.These Assembly Rogi Kalyan Samitis will play advisory role and will assist health facilities, develop and customise strategies.‘Assembly Rogi Kalyan Samiti’ and ‘Jan Swasthaya Samiti’ will be provided Rs 3 lakh per annum as grand-in aid.
# Archery World Cup: India shines
India has won bronze in the compound mixed team event at the Archery World Cup.Abhishek Verma and Jyothi Surekha Vennam combined to beat the Turkish team of Yesim Bostan and Demir Elmaagacli by a score of 154-148.This win is Verma’s seventh overall World Cup medal and India’s second bronze in compound archery at the World Cups since the start of 2017.
# Nod for procurement of NAG missile
The Defence Ministry approved military procurement worth Rs. 3,687 crore, which includes anti-tank guided missile NAG for the Army and long-range guns for the Navy.The proposals were cleared at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman.The DAC also approved the procurement of thirteen 127 mm calibre guns for the Navy.
# A Saraswati Samman for Sitanshu
Eminent Gujarati poet Sitanshu Yashaschandra’s poetry collection “Vakhar” has been chosen for the Saraswati Samman for 2017.The selection for the award is made by a high level ‘Chayan Parishad’ (selection committee), presided over by former secretary general of Lok Sabha, Subhash C Kashyap.The Saraswati Samman is awarded annually by the K K Birla Foundation.
# UNCCD workshop on land degradation
A four-day Asia Pacific Regional Workshop of the United Nations Convention to Combat Desertification (UNCCD) was held in New Delhi.The workshop was jointly held jointly hosted by the Ministry of Environment, Forest and Climate Change (MoEFCC) and UNCCD Secretariat.Its objective was to discuss on how to build the capacity of the Asia-Pacific Region to monitor and report on land degradation
# Govt. to acquire RBI’s stake in NHB
The government is all set to acquire the stake of Reserve Bank of India in housing finance regulator National Housing Bank (NHB),RBI currently holds 100 per cent stake in the NHB.The Finance Bill 2018 has amended the National Housing Bank Act, 1987, for transferring RBI’s stake in the NHB to the government.
# A historic event: North-South Korea meet
In a historic turn of events, North Korean leader Kim Jong Un on April 27, 2018 stepped into South Korean border for a day of talks with the Southern President Moon Jae-in.Kim and Moon signed “Panmunjom Declaration,” named after the truce village in the Demilitarized Zone between the two Koreas.Both leaders also agreed to work jointly for the denuclearization of the Korean Peninsula.
# Rahul Bhatia as interim CEO of Indigo
InterGlobe Aviation Ltd.’s director Rahul Bhatia has taken over as the interim chief executive officer after its president and director Aditya Ghosh unexpectedly resigned.Indigo is jointly owned by Rahul Bhatia and Rakesh Gangwal.Indigo is the biggest airline in India and the biggest budget airline in Asia by market valuation.
# Wuhan summit: India-China to collaborate
India and China have decided to launch together a launch joint economic project in war-torn Afghanistan.This would be the first ever Sino-Indian joint initiative in a third country.The two sides also decided give to momentum to economic partnership and joint global projects in health and disaster management
# Former PM launches economist Rao’s book
Former PM Manmohan Singh recently released a book by Economist C H. Hanumantha Rao.The book is titled ‘My Journey from Marxism-Leninism to Nehruvian Socialism’.C H Hanumantha Rao was the former Planning Commission and Finance Commission member.
# Govt. collects Rs 7.41 trillion from GST
Govt. has collected Rs 7.41 trillion in taxes in the first year of the Goods and Services Tax (GST) between August 2017 and March 2018The revenues for four months have not being accounted for because of the mid-year rollout and an accounting lag.Under GST, the tax levied on consumption of goods or rendering of service is split 50:50 between the Centre and the states.
# Indian Culinary Institute inaugurated
The Indian Culinary Institute (ICI) was inaugurated by Union Tourism Minister KJ Alphons in Noida on April 27, 2018.The institute will further government’s commitment of creating skilled manpower in the field of hospitality.It will also help in promoting the research and development in Culinary ArtsAnother ICI campus is being set up in Andhra Pradesh’s Tirupati.
# RBI eases rules for foreign investors
RBI has removed the restriction that limited foreign investors to only investing in government and corporate bonds with tenures of three years or more.This decision can bolster the domestic bond market.The move comes after weak investor interest in two recent auctions that led to a spike in sovereign debt yields.