All India Radio News Summary: 15 OCTOBER 2017
- IMF chief says Indian economy is on a very solid track due to structural reforms carried out in the last couple of years
International Monetary Fund chief said that the Indian economy is on a very solid track in the mid-term.
- She said for the medium and long-term India is on a growth track that is much more solid due to structural reforms conducted in the last couple of years.
- Describing the two major recent reforms – demonetisation and Goods and Services Tax as a monumental effort, she said it is hardly surprising that there is a little bit of a short-term slowdown as a result.
- But for the medium term, a very solid track is seen ahead for the Indian economy.
- Urgent revision of the quota of the IMF in favour of the dynamic emerging market
India has called for urgent revision of the quota of the International Monetary Fund, IMF in favour of the dynamic emerging market so as to reflect the ground realties of the world. There is an urgent case for revising quota shares in favour of dynamic emerging market countries in line with global economic realities to maintain fairness in the governance structure of the fund.
- FM said, in India the sound fundamentals and number of progressive policy initiatives have been taken in the last few months which will provide the basis for a strong prognosis and convergence with growth potential.
- He assured the world financial leaders that India will continue to perform robustly on the back of credible macroeconomic adjustments and structural reforms.
- Bankers should hold the MUDRA loan promotion campaigns in every district of the country
Defence Minister has asked bankers to hold the MUDRA loan promotion campaigns in every district of the country. She disbursed cheques under MUDRA loan to beneficiaries in Chennai. The loans under MUDRA do not require any collateral.
- Pakistan government has withdrawn its request for extending the detention of Mumbai attack mastermind
Pakistan government has withdrawn its request for extending the detention of Mumbai attack mastermind and JuD chief Hafiz Saeed under the anti-terrorism law.
- On January 31, Saeed and his four aides were detained by the Punjab government for 90 days under preventative detention and the Anti-Terrorism Act 1997. They have been under house arrest since then.
- The JuD has already been declared as a foreign terrorist organisation by the United States in June 2014.
- Finance Minister says there is a great interest about India in United States and among its investors
Union Finance Minister said that there is a great interest about India in the United States and among its investors and the relationship between the two countries is a “mature” one.
- FM said the US companies are investing in India in a big way and a large contingent of US corporates will arrive in India in November for investment.
- According to the US Trade Representative figures, India was US’ ninth largest trading partner with the total two-way trade of 67.7 billion dollar last year.
- India was among the largest recipients of FDI since it had one of the most open policies as far as investment is concerned.
- Some of the key reforms, including demonetisation and the GST, were carried out keeping in mind their long-term benefits to the country’s economy and as a result India’s growth rate is now headed for a higher trajectory.
- 86th birth anniversary celebrations of Kalam at Rashtrapati Bhavan
President said the country will never forget the contribution of late President APJ Abdul Kalam in nation building. Kalam’s views will continue to inspire future generations of the country.
- Kalam truly ignited young minds with a power to think and innovate. Dr. Kalam enjoyed being with the people. He was adored by the people and youngsters. He loved his students and spent these final moments among them.
- The President received the Kalam Sandesh Vahini: Vision 2020 bus, which arrived after traveling through 16 states, spreading the message about Kalam’s vision.
- The President said Dr Kalam was one of India’s greatest visionaries and is fondly remembered as ‘The Missile Man of India’ and ‘People’s President’.
- He has made momentous contribution to India’s scientific heritage through his involvement in varied fields ranging from nuclear technology to designing low cost stents for the heart or lightweight callipers for polio victims.
- Government is giving preference to woman Farmer under various policies
Agriculture Minister said, government is giving preference to woman Farmer under various policies such as organic farming and self-employment scheme.
- Rashtriya Mahila Kisan Diwas was celebrated in New Delhi.
- Women farmers can propel the country towards second Green Revolution and can change the landscape of the development if they get opportunities and facilities.
- NGT has directed the Centre and Uttar Pradesh and Uttarakhand governments to file affidavits regarding clean Ganga
The National Green Tribunal has directed the Centre and Uttar Pradesh and Uttarakhand governments to file affidavits about steps they have taken to comply with its directions to clean the Ganga in the stretch between Gomukh and Unnao.
A bench headed by NGT Chairperson asked all the stakeholders to explain the course of action they propose to take in relation to Phase-2 from Kanpur to the UP border.
- India and Bangladesh relationship
Bilateral relations between India and Bangladesh have taken a new height and dimension due to the joint efforts of Prime Minister and his Bangladesh counterpart.
- Bangladesh aspires for further enhancing the friendship with India.
- People from both sides want better relations between two countries.
- Last year 14 lakhs Bangladeshi people visited India for different purposes such as business, medical treatment and travel.
- Training teachers as how to make students aware of the danger of addiction to online games
In Assam, many schools affiliated to the Central Board of Secondary Education, CBSE have started training their teachers as how to make students aware of the danger of addiction to online games and teach them to use the Internet more judiciously and productively.
- The move comes in the wake of a recent guideline circulated by CBSE to its affiliated schools asking them to keep tabs on internet surfing by students.
- The circular -‘Guidelines for Safe and Effective Uses of Internet and Digital Technologies on Schools and School Buses’ – has been issued to the schools affiliated to the Central Board of Secondary Education across the country.
- The CBSE circular says that the potential of information technology as a valuable learning resource is immense.
- The circular suggests that the schools create awareness among teachers about Internet safety norms, install digital surveillance systems, monitor online activities of students and sensitize parents about the problems of Internet abuse.
- GoM set up to make the GST composition scheme more attractive
The Group of Ministers, GoM set up to make the GST composition scheme more attractive held its first meeting in New Delhi.
- The five members GoM, headed by Assam Finance Minister have been tasked to revisit Goods and Services Tax (GST) rates for restaurants.
- It will examine whether the AC restaurants pass on the benefit of cost reduction under GST to consumers and if they do not, whether they should be disallowed input tax credit claims.
- Currently, GST is levied at 12 per cent on non-AC restaurants and 18 per cent on air-conditioned restaurants.
- The GoM will submit its report by the end of next month. The council had also hiked the threshold for availing of the composition scheme to one crore rupees from 75 lakh.
- The tax rate for traders of goods in the composition scheme is 1 per cent, while it is 2 per cent for manufacturers and 5 per cent for restaurants.
- ”Run for Clean Air” campaign is the harbinger of positive energy for Clean Air
Environment Minister exhorted the children to spread the message of ‘Clean Air’ throughout the nation and said the ”Run for Clean Air” campaign is the harbinger of positive energy for Clean Air.
- With Deepawali festivities in the air, the scientists have been asked to develop Zero-pollution fire-crackers.
- Scientists have been asked to develop zero pollution fire crackers within a year by using scientific process that does not cause air pollution and Health Hazards to our children.
- Combating pollution and protecting the environment can be effectively done through small steps by each and every citizen of the nation.