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Indian Economic Growth - World Bank Forecast

  • The World Bank has maintained its earlier position as various companies have changed their forecasts for India's growth. The World Bank has forecast that the country's economic growth will continue to be 8.3 percent in the current fiscal year, up from last July.
  • The reason for this is that the recovery has not yet been widely achieved. Last week, the National Statistics Office said the country's economic growth was projected at 9.2 percent for the current fiscal year, compared to 8.3 percent for the World Bank. It also forecasts growth of 8.7 and 6.8 percent in the next fiscal and subsequent fiscal years.
Appointment of new Chairman of ISRO
  • Shiva from Tamil Nadu was the head of the Indian Space Research Organization (ISRO). Senior rocket scientist S. Somnath has been selected as the new leader following the expiration of his term.
  • It has been announced that Somnath will head ISRO for the next three years. Somnath, who is the current director of the Vikram Sarabhai Space Center (VSSC), is from Kerala.
Prime Minister Modi inaugurated 11 new medical colleges
  • In Tamil Nadu, new medical colleges will be set up in 11 districts namely Virudhunagar, Namakkal, Nilgiris, Tiruppur, Tiruvallur, Nagaon, Dindigul, Ariyalur, Kallakurichi, Ramanathapuram and Krishnagiri. Built at an estimated cost of Rs 4,000 crore.
  • This will provide a total of 1,250 additional medical facilities to Tamil Nadu. For this, Rs. 2,145 crore has been disbursed.
  • Prime Minister Narendra Modi inaugurated the new campus of the Central Institute of Classical Tamil Studies in Chennai. Rs. The company's new campus, built at a cost of Rs 24 crore, has been upgraded from a three - storey new complex to a rented building.
  • A huge building with 12 sections including an electronic library has been opened. The event was attended by Tamil Nadu Chief Minister MK Stalin, Tamil Nadu Medical and Public Welfare Minister Ma Subramanian, Union Health Minister Mansuk Mandavia and government officials.
Prime Minister's Security Mess - Supreme Court announces panel headed by retired Judge Hindu Malkotra
  • The Prime Minister left for Punjab on the 5th to attend the groundbreaking ceremony. The Prime Minister's car was stopped for 20 minutes as farmers were engaged in a picket on a flyover.
  • Following this, Supreme Court Chief Justice NV Ramana set up a panel headed by a retired Supreme Court judge to look into the case filed on behalf of Lawyers Voice over Prime Minister Modi's security breaches.
  • In this case, the Supreme Court has announced the details of the five-member panel investigating the Prime Minister's security breach.
  • Accordingly, the panel will be chaired by Hindu Malkotra, a retired judge of the Supreme Court, and will appoint an officer not under the rank of DG of the National Intelligence Agency or the IG he can appoint, the Chief Registrars of the Punjab and Haryana State High Courts, DGPs of Punjab and Chandigarh.
Natural Resources Department
  • The government has created a new sector called Natural Resources. According to the government, the Department of Mines and Mineral Resources has been separated from the industry and a new department called Natural Resources has been created.
  • The department will be overseen by Water Resources Minister Duraimurugan. This sector has been created to increase government revenue.
  • The Directorate of Geology and Mining, the Tamil Nadu Minerals Corporation and the Tamil Nadu Magnesite Company are the three departments coming under the control of this new natural resource sector.
Issue of coin engraved with the image of a black woman for the first time in the United States
  • Maya Angelo was born in 1928 in Missouri, USA. A black man, he is a versatile magician. Who was subjected to racist attacks at an early age. Who was raped when he was 7 years old. Who experienced many atrocities. 
  • Recovering from it, he learned many lessons from this community that gave him so much pain. Against racism, he voiced support for black women. Wrote various poems, essays, books. His autobiography, 'I Know Why the Cage Sings', has attracted worldwide attention. 
  • Maya skinned the atrocities of racism through her life. For this, Maya received the 'President's Award', the highest American people's award in 2010. He passed away in 2014 at the age of 86.
  • In this regard, the US Government has issued a 25 cent coin engraved with the image of Maya Angelo in appreciation of her service. This is the first time in American history that a coin engraved with the image of a black woman has been issued.
Retail price inflation stood at 5.59 per cent in December
  • Last November, retail price inflation stood at 4.91 per cent; Food inflation rose to 4.05 per cent in December from 1.87 per cent in the previous month.
  • Retail inflation rose to 5.59 per cent, but remained within the Reserve Bank's target. The Reserve Bank of India (RBI) has set a target of keeping retail inflation below 6 per cent for the current fiscal.
Prime Minister Narendra Modi inaugurates the 25th National Youth Festival in Pondicherry
  • Prime Minister Narendra Modi inaugurated the 25th National Youth Festival in Pondicherry and later inaugurated the Kamaraj Mani Mandapam on the East Coast Road at a cost of Rs.23 Crores.
  • Speaking on the occasion, he said that small, medium and micro enterprises are important for an independent India. Every small, medium and micro enterprise should make full use of technology.
  • It will make a big difference globally. He also spoke about the importance of promoting new small and micro enterprises on the path to change
Transformation of some portfolios of 3 Ministers - Government of Tamil Nadu
  • It has been reported that the sugar mills in Tamil Nadu have been transferred from the Minister of Industry to the Minister of Agriculture.
  • Subsequently, the Government of Tamil Nadu announced that the Department of Air Transport has been transferred from the Ministry of Transport to the Minister of Industry and the Foreign Employees Union has been transferred from the Minister of Minority Welfare to the Minister of Labor Welfare.
  • The Natural Resources Department has been created as a new sector in the Government of Tamil Nadu. The Directorate of Geology and Mining, Tamil Nadu Minerals Corporation and Tamil Nadu Magnesite Company are brought under the control of the Natural Resources Department. 
  • It has also been informed that the necessary rules and instructions for the department will be issued by the Department of Home Affairs.
Mark Rude becomes Prime Minister of the Netherlands for the fourth time
  • Mark Rude was elected Prime Minister for the fourth time last Monday by a coalition government since the general election in the Netherlands in March last year.
  • Mark Rudd, the fourth prime minister since 2010, is the second youngest prime minister in Dutch history. It is noteworthy that even after he became Prime Minister, to this day he continues to teach community-based lessons to students two hours a week at Johann de Witt College.

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