GS-III

Global trade war sends stocks into a free fall

Sensex drops 500 points intraday A combination of global and domestic factors affected investor sentiment on Monday with the benchmark indices registering their biggest single-day fall in almost six months. While renewed concerns over an escalation of trade war between the U.S. and China pulled down global markets, the domestic …

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India may overtake China in farmed shrimp production

‘Many producers planning to expand capacity’ India is set gain the top slot in farmed shrimp production, overtaking China in 2019-20, said Ravi Kumar Yellanki, president, Society of Aquaculture Professionals. “We have already overtaken China in shrimp exports last year but are on par with regard to farmed shrimp production. …

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RBI intervenes as rupee breaches 72.5 to dollar

Currency among worst performers in emerging markets; widening current account deficit weighs, more rate hikes may be on the cards The rupee breached 72.5 a dollar on Monday and touched all-time low of 72.67 intraday as the current account deficit widened to five- year high in the first quarter of …

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Fuel prices continue the upward march

The state-owned oil marketing companies again increased the price of petroleum products such as petrol and diesel in the country on Monday, with Mumbai paying the highest among the four major metros. Petrol costs Rs. 88.12 a litre and diesel Rs. 77.32 in the city, according to the daily price …

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Reduce VAT on fuel: Kamal Nath to Madhya Pradesh government

Senior Congress leader raises demand after neighbouring Rajasthan reduced tax on petrol, diesel on Sunday Madhya Pradesh Congress president Kamal Nath on Monday demanded that the State government reduce VAT on fuel two times of what has been done in neighbouring Rajasthan. Rajasthan Chief Minister Vasundhara Raje had on Sunday …

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Tejas clears maiden mid-air re-fuelling trial

The first ever mid-air refuelling of the indigenously developed Light Combat Aircraft (LCA) Tejas was successfully carried out Monday, placing India in an elite group of countries which have developed the air-to-air refuelling system for military aircraft. With this first trial, the aircraft gets much closer to the important battle-ready …

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Extend NRC to all States and seal border: Sonowal

‘What happens if illegal immigrants shift to another State?’ Defending the National Register of Citizens exercise, Assam Chief Minister Sarbananda Sonowal on Monday recommended such an exercise in all States. “The unabated influx from Bangladesh cannot be seen as a standalone problem of Assam. Assam accounts for just a fraction …

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