Friday, 9 June 2017

RBI keeps repo rate unchanged…

The Reserve Bank of India (RBI) on 7th June, kept key rates unchanged, as was widely expected, while lowering its projections for inflation after recent data showed consumer prices rising more slowly.
Repo rate - the rate at the which the central bank lends short-term money to banks - stays unchanged at 6.25 per cent. CRR or Cash Reserve Ratio - which is a portion of deposits that banks must mandatory keep with the RBI—also stays unchanged at 4 per cent.

The RBI has cut the Statutory Liquidity Ratio (SLR) by 50 basis points to 20%. RBI has projected the headline inflation in the range of 2.0-3.5% in the first half of 2017-18 and 3.5-4.5% in the second half.

According to the central bank, the implementation of GST is not expected to have material impact on overall inflation. It has observed that the 7th Pay Commission allowances, geo political, financial risk pose upside risk to inflation. RBI has reduced the growth projection for the current fiscal to 7.3% from 7.4%.

The monetary policy decision has been taken by the six-member monetary policy committee (MPC). The RBI has also revised its target for gross value added (GVA) 
WHO revises Protocol for Antibiotics…
In an effort to curb antibiotic resistance, the World Health Organization (WHO) has divided the drugs into three categories — access, watch and reserve — specifying which are to be used for common ailments and which are to be kept for complicated diseases.

Commonly used antibiotics will be under the ‘access’ category; the second line of antibiotics, slightly more potent, have been categorised under “watch” and potent drugs to be used only as a “last resort” fall under the ‘reserve’ category.

·     The WHO has now recommended that antibiotics in the access group be available at all times as treatment for a wide range of common infections. This includes amoxicillin, a widely-used antibiotic to treat infections such as pneumonia.

·      The ‘watch’ group covers antibiotics that are recommended as first or second choice treatment for a small number of infections.

Ciprofloxacin, used to treat cystitis (a type of urinary tract infection) and upper respiratory tract infections (like bacterial sinusitis and bacterial bronchitis), falls under this category. The WHO has recommended that prescription of these drugs should be dramatically reduced to avoid further development of resistance.

·  The third group, ‘reserve’, includes antibiotics such as colistin and some cephalosporins that should be considered last-resort options, and used only in the most severe circumstances when all other alternatives have failed, such as for life-threatening infections due to multidrug-resistant bacteria.

Rohan Bopanna wins French Open mixed doubles title to clinch maiden Grand Slam…

Bopanna and Dabrowski defeated unseeded pair of Groenefeld and Farah 2-6, 6-2, 12-10 in a thrilling final
Bopanna scripted history as he became only the fourth Indian to win a Grand Slam trophy
This was only the second time in his career that Bopanna had reached the summit clash of a Grand Slam tournament
French Open is also known as Roland Garros. It is a premier clay court tennis championship event held between late May and early June for a duration of two weeks at the Stade Roland-Garros in Paris.

The event is the second of out of four annual Grand Slam tournaments. The other three events are Australian Open, Wimbledon and the US Open. The event has been named after the French aviator Roland Garros.  

Senior bureaucrat Hoshiar Singh has been appointed as Registrar of Copyrights…

The Office of Copyrights, under the Department of Industrial Policy and Promotion, is mandated to protect the music and film industry besides addressing its concerns, among others.
The competent authority has approved the appointment of Singh, a 1994 batch officer of the Indian Telecom Service, as Registrar, Copyrights Office, for a period of five years, an order issued recently by the Department of Personnel and Training (DoPT) said.

The Copyright Office is under the immediate control of a Registrar of Copyrights, who acts under the superintendence and directions of the Central Government, according to norms.

India is one of top 5 consumer markets in Asia: BMI Research…

According to the latest report of BMI Research, India features in the top 5 consumer markets in Asia.

India is among the top five consumer markets in Asia offering retailers consumer spending growth of an average of 6.1 per cent over the next five years, according to a BMI Research report.

The top 5 consumer markets in Asia are :-

China, Sri Lanka, Vietnam, India and Indonesia are the five favourite consumer markets in Asia.

According to BMI Research, a Fitch group company, these countries offer retailer the strongest consumer spending growth over its forecast period to 2021.

World's first hybrid “Aeroboat”…

The world's first hybrid "aeroboat" capable of travelling on land, water, snow and sand has been built by an Indo-Russian joint venture. The aeroboat was unveiled in Moscow on Tuesday at a start-ups event organised by Russia's state-run Skolkovo Foundation.

It has been designed by IIAAT Holding, a joint venture between the International Institute for Advanced Aerospace Technologies and Indian firm Millennium Aerodynamics.

Human Milk Bank Inaugurated At Lady Hardinge Medical College in New Delhi…

A national human milk bank was inaugurated at Lady Hardinge Medical College (LHMC) in New Delhi on 7th june to provide breast milk to newborns who cannot be nursed by their own mothers.

The human milk bank and lactation counselling centre, 'Vatsalya - Maatri Amrit Kosh', will collect, pasteurise, test and store milk donated by lactating mothers and make it available for infants in need.
Union Health Minister Shri J P Nadda  Conferred WHO Director-General’s Special Recognition Award for Global Tobacco Control

Shri J P Nadda, Union Minister of Health and Family Welfare
was conferred the WHO Director-General’s Special Recognition Award for global tobacco control, here today. The global recognition was presented to him by Dr Poonam Khetrapal Singh, Regional Director, WHO South-East Asia at the ‘National Consultation on Accelerating Implementation of WHO Framework Convention on Tobacco Control (FCTC) for achievement of SDGs’. Shri Faggan Singh Kulaste and Smt Anupriya Patel, Ministers of State for Health & Family Welfare, were also present at the occasion.
One million dollar fund established to bolster BRICS media…

The Brazil-Russia-India-China-South Africa (BRICS) grouping has signaled its intent to expand its footprint in the global media space, with the injection of a one million dollars fund.

An aimed is the joint development of BRICS digital media, financial information services and promoting people- to-people contacts.

BRICS is an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.

From June 16, Petrol, Diesel Prices Will Be Revised Daily…

State-run fuel retailers will revise petrol and diesel prices daily from June 16, Indian Oil said. Daily revision of petrol and diesel prices has already been implemented on a pilot basis in five cities - Udaipur, Jamshedpur, Visakhapatnam, Chandigarh, and Puducherry - from May 1. "After its successful implementation, public sector oil companies have now decided to start daily revision in retail selling prices of petrol and diesel in the entire country with effect from 16th June, 2017," Indian Oil said. 
The prices are expected to change every day at midnight, following directives by the Petroleum Ministry, news agencies said, citing sources. 

The three oil retailers will take steps "to establish an appropriate mechanism for conveying the prices to consumers every day, including daily publishing of the prices in newspaper on a daily basis, prominent displays of prices at the retail outlets, sending of price-related data/SMS from the centralized locations, mobile apps etc," Indian Oil said. 

State-run oil companies - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - operate 90 per cent of the retail outlets in the country.
Scientist have discovered 'hottest’ planet in universe…

Scientists have discovered the hottest known planet located 650 light years from Earth, which is warmer than most stars in the universe and sports a giant, glowing gas tail like a comet.

The Jupiter-like planet orbits a massive star KELT-9 every day and a half, researchers said.

Designated KELT-9b, is hotter than most stars and only 926 degree Celsius cooler than our Sun.
આજે રથયાત્રા પૂર્વે જગન્નાથજીની પારંપરિક જળયાત્રા યોજાશે...

અમદાવાદમાં યોજાનારી ભગવાન જગન્નાથની ૧૪૦મી રથયાત્રાને આડે હવે ગણતરીના દિવસો બાકી રહ્યા છે. રથયાત્રા પૂર્વે આજે જગન્નાથજીની પારંપરિક જળયાત્રા યોજાશે. જળયાત્રા બાદ ભગવાન જગન્નાથજીને ગજવેશથી શણગારી મોસાળ મોકલવામાં આવશે. ૨૫ જૂન-રવિવારના દિવસે યોજાનારી રથયાત્રા દરમિયાન ભગવાન મોસાળેથી પરત ફરશે.

માહિતી અનુસાર રથયાત્રાની અત્યંત મહત્વપૂર્ણ ઉત્સવવિધી 'જળયાત્રા' શુક્રવારે જેઠ સુદ પૂનમ છે ત્યારે સવારે ૮ વાગ્યે જગન્નાથજી મંદિરેથી નીકળી સાબરમતી નદીના સોમનાથ ભુદરના આરે ગંગાપૂજન કરવા વરઘોડારૂપે પહોંચશે. ગંગાપૂજન કર્યા બાદ ત્યાંથી ૧૦૮ કળશમાં જળ ભરીને લાવવામાં આવશે. ત્યારબાદ તે જળથી મહાભિષેક કરી શોડષોપચાર પૂજન વિધી કરાશે. આ પછી ભગવાન જગન્નાથને ગજવેશથી શણગારીને મોસાળ મોકલાશે.

ઉનાળાની સમાપ્તિ અને ચોમાસાના પ્રારંભનો સમયગાળો છે. જેથી ભગવાન જગન્નાથજીને પ્રાર્થના કરવામાં આવે છે કે ઇન્દ્રદેવ સારો વરસાદ આપે, જેથી પ્રજા પાસે ધન-ધાન્ય ભરપૂર રહે. ભગવાનના મોસાળ સરસપુરમાં પણ ભક્તોમાં અનેરો આનંદ છે.

Indian-American Raja Chari Selected Among 12 NASA Astronaut Candidates…

In the list of 12 new astronauts NASA has chosen from a record number of over 18,000 applicants, the name Raja Chari stands out as the only Indian American. What's even more interesting to note is that the 39-year-old Indian-American Lieutenant Colonel with the US Air Force has a Hyderabad connection.

Raja's father Srinivas Chari was an engineer who immigrated to the US after his completing his engineering from Osmania University in Hyderabad.

Chari has been selected by the NASA to join the 2017 Astronaut Candidate Class. The seven men and five women comprise the 22nd class of American spaceflight trainees since 1959. The group, the largest in almost two decades selected by NASA, will report for two-year training in August, the space agency announced.