GS-III

Credit growth at 5-year high

Demand from firms, NFBCs drive loan growth; however, deposits grow slower In what could be an indication of a pick-up in private investment, loan growth of commercial banks is at a five-year high on the back of strong demand, latest data released by Reserve Bank of India (RBI) showed. According …

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Zika outbreak in Rajasthan under control: NHM

The National Health Mission has said the recent Zika virus outbreak in Rajasthan was under control after the detection of over 150 cases of infection, including those among pregnant women. Source  :  https://www.thehindu.com/todays-paper/tp-national/zika-outbreak-in-rajasthan-under-control-nhm/article25459232.ece

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‘No move to seek Rs. 3.6 lakh cr. from RBI’

The rift between the two became public last month after a speech by RBI Deputy Governor Viral Acharya in which he cautioned that “governments that do not respect central bank independence will sooner or later incur the wrath of financial markets… ignite economic fire, and come to rue the day …

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India to export sugar to China

Initial contract is to despatch 50,000 tonnes to COFCO In a boost to sugar mills sitting on surplus stocks, India will start raw sugar exports to China in early 2019, and is in talks to finalise exports to Indonesia and Malaysia as well. In a statement on Thursday, the Commerce …

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Army fire power gets booster shot

Emerging from the shadow of the Bofors scandal, the Army on Friday inducted its first artillery gun systems in three decades. The M777 Ultra Light Howitzers from the U.S. and K9 Vajra-T self-propelled artillery gun from South Korea were inducted at the Devlali Field Firing Ranges in Maharashtra. The third …

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T.N. lost 41% shoreline to erosion, says study

Mamallapuram and Bommayarpalayam among sites chosen for study to provide solutions In the past two decades, Tamil Nadu has reportedly lost 41% of its shoreline to erosion. As an effort to protect the coastline, National Centre for Coastal Research is preparing a report to identify vulnerable areas and propose solutions …

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Spanking is harmful to kids: study

Suggests eliminating or limiting fear and violence in a parent-child relationship Parents should not spank their children, the American Academy of Pediatrics said in a strongly-worded policy statement. The group, which represents about 67,000 doctors, also recommended that paediatricians advise parents against the use of spanking and said to avoid …

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