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India was placed at 40th spot among 137 countries in World Economic Forum’s (WEF) Global Competitiveness Index (GCI) 2017-18. India has slipped by one position compared to 39th spot in 2016 GCI. WEF’s GCI assesses competitiveness of countries to provide insight into drivers of their productivity and prosperity. GCI scores are calculated on basis of…

The Union Cabinet has approved signing of memorandum of understanding (MoU) between India and Afghanistan on Technical Cooperation on Police Training and Development. The MoU has been approved for period of five years from date of signing. It can be extended for further period of 5 years on condition that are not further changes and…

The Union Cabinet has approved signing and ratification of Bilateral Investment Treaty (BIT) between India and Belarus on Investments. The Cabinet also approved Memorandum of Understanding (MoU) signed between India and Belarus in oil and gas sector.

The Cabinet has approved signing of Interbank Local Currency Credit Line Agreement and Cooperation Memorandum relating to Credit Ratings by Exim Bank with member banks under BRICS Interbank Cooperation Mechanism. These agreements were highlighted in BRICS Leaders Xiamen Declaration adopted in Xiamen, China in September 2017.

The Cabinet Committee of Security (CCS) has approved implementation of umbrella scheme of Modernisation of Police Forces (MPF) for years 2017 to 2020 to strengthen country’s law and order mechanism, modernise police forces and effectively fight against terrorism. It is biggest ever internal security scheme in country. It has financial outlay of Rs.25,060 crore out…

According to World Nuclear Industry Status Report 2017, India with six installed nuclear reactors ranks third in world, while China is leading at 20 installed nuclear reactors. Decline in Nuclear Reactors: The number of nuclear reactor units under construction is declining globally for fourth year in a row, from 68 reactors at end of 2013 to 53…

The second edition of DRUZBA 2017 (Friendship-2017), a joint military exercise between special forces of Pakistan and Russia was held in Minralney Vodi, , Russia. The exercise set the stage for translating political goodwill between both countries into a substantial partnership especially in the field of defence.

ISRO’s globally acclaimed Mars Orbiter Mission (MOM) also known as Mangalyaan completed three years in Martian orbit. It has outlived its original lifespan and is still in good health and continues to work as expected. On the occasion of completion of three years, ISRO released MOM second year science data from September 24, 2014 to September 23,…

INS Tarasa (T94), the fourth and last ship in series of Water Jet Fast Attack Craft (WJFAC) was commissioned into Indian Navy at Naval Dockyard, Mumbai. It is an improved variant of Car Nicobar-class high-speed offshore patrol vessels (OPVs) built indegenously by Kolkata (West Bengal) based Garden Reach Shipbuilders & Engineers Ltd (GRSE), for the Indian Navy.

The Ministry of Consumer Affairs, Food and Public Distribution launched web portal of Warehousing Development and Regulatory Authority (WDRA) & Electronic Negotiable Warehouse Receipt (e-NWR) System under Digital India mission. These initiatives aims at simplifying Warehouse Registration Rules, digitizing entire process of registration, monitoring and surveillance as well as creation and management of NWRs in electronic…

The Ministry for Social Justice and Empowerment has launched Divyang Sarathi—The accessible and comprehensive mobile application for easy dissemination of information to ‘Divyangjans’. The mobile app aims to empower Divyangjans by providing them easier and convenient access to information pertaining to schemes, scholarships, statutes, institutional support systems, jobs and other crucial information.

The Film Federation of India (FFI) has selected Hindi film Newton, a black comedy on foibles of democracy to represent India in Best Foreign Language category at 90th Academy Awards (Oscars) to be held in February 2018. It was unanimously chosen by FFI’s selection committee, headed by Telugu produce C V Reddy from 26 entries received this year.

State Bank of India (SBI) along with FTSE Russell, global index and data provider launched FTSE SBI Bond Index series at London Stock Exchange (LSE) It is India’s first bond index series for overseas investors. It launch follows November 2015 visit of Prime Minister Narendra Modi in UK when letter of intent was signed between SBI and…

The Reserve Bank of India (RBI) has increased corporate bond investment limit for foreign investors by taking out Masala bonds (rupee-denominated bond (rupee-denominated bonds) from ambit of total debt investment limit. They will be considered as part of External Commercial Borrowings (ECBs) and will be considered as part of External Commercial Borrowings (ECBs) and will be monitored…

National Institution for Transforming India (NITI) Aayog’s SATH (Sustainable Action for Transforming Human capital) Program was launched in in Guwahati, Assam. The SATH program aims to provide structured support to Assam in identifying key health priorities and implement the solutions towards transforming the health and improving the well-being of people of state.

Prime Minister Narendra Modi inaugurated Deendayal Hastkala Sankul, a trade facilitation centre and Crafts Museum for handicrafts at Varanasi, Uttar Pradesh. The centre and Crafts Museum was proposed by Union Finance Minister in his 2014-15 Budget speech to develop and promote handlooms, handicrafts and Silk Products.