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According to Reserve Bank of India (RBI) Annual Report 2022-23, India’s growth momentum is likely to be sustained in 2023-24. Highlights of the RBI annual Report: According to RBI, in the atmosphere of easing inflationary pressures, Indian economy will be supported by: Sound macroeconomic policies Softer commodity prices A robust financial sector …

India will host the annual summit of the Shanghai Cooperation Organisation (SCO) in the virtual format in July. The last SCO summit took place in the Uzbek city of Samarkand that was attended by all top leaders of the grouping ie Modi, Xi Jinping and Vladimir Putin. India had assumed the rotating chairmanship of the SCO at …

An Indian Navy MiG-29K fighter jet made the maiden night landing on the indigenous aircraft carrier INS Vikrant. It is an important step towards the warship becoming fully operational along with its air wing. The Mikoyan MiG-29K is a Russian all-weather carrier-based multirole fighter aircraft developed in the late 1980s. INS Vikrant (IAC-1) is the first …

Kohinoor left Indian shores in the early 1850s and is currently embedded in the crown of the British monarch. The retrieval of Kohinoor is a contentious since it was surrendered by Maharaja Dalip Singh as part of the 1849 peace treaty with the British. Under the provisions of the Antiquities and Art Treasure Act, 1972 the …

India and Indonesia have completed a joint feasibility study on the development of strategically valuable Sabang port. Sabang port is roughly 700 km from the Andaman and Nicobar Islands. It is located in the Aceh, province of Indonesia. The successful development of Sabang Port would allow India easier access to the Malacca …

China plans to place astronauts on the moon before 2030 and expand the country’s orbiting space station. China’s latest announcement came against the backdrop of rivalry with the US for reaching new milestones in outer space. The US aims to put astronauts back on the lunar surface by the end of 2025 as part of …

Jammu and Kashmir gets its first full-fledged Jambu Zoo in a naturally green landscape at Khanpur Nagrota. Details: Khanpur Nagrota is located in the foothills of Shivalik along the Jammu-Srinagar national highway on the outskirts of Jammu city. Initially the Zoo will have 27 species of rare animals and birds brought from different …

In continuation of the declining trend that has been observed since June last year, India’s exports and imports continue to shrink across many nations for most items. Details: The imports have declined more than the exports thus narrowing the trade deficit. While the decline in exports was widespread, affecting most of the major …

According to the Agricultural Ministry, India will achieve foodgrain production of 3305.34 Lakh Metric Tonnes (LMT) in the current agricultural year According to the third advance estimates of production of major crops, government is estimating record production of rice, wheat, maize, soybean, rapeseed and mustard, and sugarcane. The total foodgrain production is likely to …

On March 30, the Lahore High Court annulled the offence of ‘sedition’ in the Pakistan Penal code. Embarrassingly, around the same time in India, the police registered a series of complaints in Delhi and in Ahmedabad The detainees were not accused of ‘sedition,’ but were booked for criminal conspiracy to …