12 April 2018 Current Affairs
India’s GDP to grow 7.3% this Fiscal, 7.6% in Next: ADB
The Asian Development Bank (ADB) has projected that India’s economic growth is set to rise to 7.3% this fiscal and further to 7.6% in the next financial year, on back of GST and banking reforms. According to the Asian Development Outlook (ADO), 2018, Indian economy grew 6.6% in the last fiscal and it would remain the fastest-growing country across Asia.
UAE approves law on equal wages for men, women
The Cabinet of United Arab Emirates (UAE) has approved the issuance of law on Equal Wages and Salaries for men and women. The new law will ensure equal pay for men and women working in the country. It will provide women with equal opportunities as partners in the UAE’s development.
India’s Kidambi Srikanth becomes World no. 1 Badminton player
Kidambi Srikanth has become the first Indian male badminton player to attain the world number one ranking since Prakash Padukone in the 1980s. Srikanth had become the first-ever Indian to win four Super Series titles in a year in 2017.
Rakesh Bharti Mittal new CII President
Bharti Enterprises Vice-Chairman Rakesh Bharti Mittal assumed the office of the President of Confederation of Indian Industry (CII) for 2018-19. Uday Kotak, Founder and CEO of Kotak Mahindra Bank took over as President-Designate of CII for 2018-19. Vikram Kirloskar is the new Vice-President of CII for the current fiscal.
Bangladesh ends Reservation in Government Jobs
Bangladesh Prime Minister Sheikh Hasina has decided to scrap the quota system in government services after thousands of students marched across the country in protest against a controversial policy of setting aside jobs for special groups.
Index of Economic Freedom 2018: India ranks 130th
India ranked 130th out of 186 economies in recently released Index of Economic Freedom 2018 that measures the degree of economic freedom in the countries of the world. In this edition of index, India with score of 54.5 jumped 13 places from 143rd rank in previous year (2017) with a score of 52.6 points.
ISRO Launches Navigation Satellite IRNSS-1L
The Indian Space Research Organisation launched the Indian Regional Navigation Satellite System-1L, the eighth such satellite to be a part of a constellation. It was launched from the first launch pad at the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh.