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Global stocks plunge, dollar slides as Fed's emergency cut spooks investors US stock futures plunged 4.8% to hit their downlimit before daybreak in Singapore.The dollar sank more than 2% against the yen Current Affairs : Stocks were hammered on Monday and the dollar battered after crisis rate cuts in the United States and New Zealand, and a pile of steps by policymakers overall neglected to stem the defeat in business sectors scared by the expanding aftermath of the coronavirus. US stock prospects plunged 4.8% to hit their downlimit before sunrise in Singapore. The dollar sank over 2% against the yen. Australia’s benchmark stock record fell 7% in the main quarter-hour of exchange before paring a portion of the misfortunes. US rough fell 5% to under $30 per barrel. New Zealand shares were down 3%. Japan’s Nikkei was up 0.1% after an over 6% decay on Friday to the most minimal since late 2016. South Korea’s KOSPI was a shade more fragile. That left MSCI’s record of Asi...

PM Modi hails corporation tax rate cut as historic move for economic boost The government on Friday slashed corporate tax rates for companies by almost 10% Current Affairs  :- Head administrator Narendra Modi on Friday named as “noteworthy” the cut in corporate duty rates and attested that monetary declarations made over the most recent couple of weeks demonstrate that his legislature is investigating every possibility to make India a superior spot to work together. The declarations over the most recent couple of weeks plainly show that the administration is investigating every possibility to make India a superior spot to work together, improve open doors for all areas of society and increment thriving to make India a $5 trillion economy, he said on Twitter “The progression to cut corporate duty is memorable. It will give an incredible boost to #MakeInIndia, draw in private venture from over the globe, improve intensity of our private part, make more employments and...

Can’t achieve $5 trn economy target if growth keeps going down: Manmohan Singh said Prime Minister Narendra Modi has been talking about achieving $5 trillion economy by 2024 but in the present situation it looks like a “piped dream” Current Affairs  :- Previous Prime Minister Manmohan Singh on Thursday said there was no expectation of Modi government’s guarantee of $5 trillion economy turning into a reality if development propped up down the manner in which it has for the last five quarters. Tending to Congress pioneers at a gathering here, he said that at any rate one million individuals may lose their positions if a boost bundle isn’t given to the auto segment, which is weeping for help, and interest in the private segment isn’t advanced. “The nation today is amidst a hazardously extended log jam. What’s more, this is something which isn’t the announcement being made distinctly by the Congress gathering individuals yet wherever whether you converse with individual...

PM Modi launches $4.2 mn redevelopment project of Hindu temple in Bahrain Modi, the first Indian Prime Minister to visit the key Gulf nation, offered prayers at the Shreenathji Temple in Manama, the oldest temple in the region Current Affairs :- Head administrator Narendra Modi on Sunday propelled the $4.2 million redevelopment task of the 200-year-old Lord Sri Krishna sanctuary in the Bahraini capital. Modi, the main Indian Prime Minister to visit the key Gulf country, offered petitions at the Shreenathji Temple in Manama, the most established sanctuary in the locale, and furthermore the prasad’ that he purchased with the RuPay card in the wake of propelling it in the UAE on Saturday. Head administrator at that point disclosed the plaque, along these lines formally propelling the redevelopment task of the notorious sanctuary. Much obliged to you Bahrain for the glow and warmth. PM @narendramodi closes his noteworthy encounter with supplications at the 200 years of age...

India contributes $5 mn to UN agency working for Palestinian refugees India increased its annual financial assistance to the UNRWA by four fold, from $1.25 million to $5 million, when Prime Minister Narendra Modi visited Palestine in February 2018 C urrent Affairs :- India on Tuesday contributed $5 million to the UN Palestine evacuee office and called for guaranteeing continued financial help for the association’s work. The check for the sum was given over to the United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees by Representative of India (ROI) in Palestine, Sunil Kumar, at the organization’s central station in Jerusalem. India expanded its yearly budgetary help to the UNRWA by four overlay, from $1.25 million to $5 million, when Prime Minister Narendra Modi visited Palestine in February 2018, the first historically speaking visit by an Indian Premier to Ramallah. The climb in New Delhi’s commitment comes when the office is confronting a troubleso...

China accounted for around 67% of India’s bulk drug imports in FY19 The import of bulk drugs and drug intermediates from China stood at $2,055.94 million in 2017-18, accounting for 68.68 per cent of their total import International :- China represented 67.56 percent of all out imports of mass medications and medication intermediates in 2018-19 at $2,405.42 million, Parliament was educated on Tuesday. The import of mass medications and medication intermediates from China remained at $2,055.94 million of every 2017-18, representing 68.68 percent of their complete import, Minister of Chemicals and Fertilizers D V Sadananda Gowda said in an answer to the Lok Sabha. Refering to information from DGCIS Kolkata, he said portion of China in the absolute mass medication imported to the nation during 2018-19 was around 67 percent. “The nation imports mass medications/dynamic pharmaceutical fixings (APIs) for delivering prescriptions including certain fundamental drugs. As India i...