ENGLISH NEWS - 05-10-2016

DAILY G.A UPDATE : 05-10-2016

In this competitive age, everyone needs to be updated with the current affairs. So, here is the important news for your upcoming exams like IBPS PO, IBPS CLERK, RRB and many more. 

1. IMF predicts strong 7.6% growth for India in 2016, 2017

The IMF projected a robust 7.6 per cent growth rate for India in 2016 and 2017, but asked the government to continue reforming its tax system and eliminate subsidies to provide more resources for investments in infrastructure, education and healthcare.

"India's GDP will continue to expand at the fastest pace among major economies, with growth forecast at 7.6 per cent in 2016-17," the International Monetary Fund (IMF) said, a slight upward revision of 0.2 from its July projections.

"India's economy continued to recover strongly, benefiting from a large improvement in the terms of trade, effective policy actions, and stronger external buffers, which have helped boost sentiment," the IMF said in its latest report on the World Economic Outlook.

At the same time, the IMF asked New Delhi to continue reform of its tax system and eliminate subsidies to provide more resources for investments in infrastructure, education and health care.

In 2015, India’s GDP grew at 7.6 per cent, as compared to Chinas 6.9 per cent.

India remains the fastest growing major economies of the world, as IMF has projected 6.6 per cent and 6.2 per cent GDP growth rate for China for the year 2016 and 2017 respectively.

Global growth is projected to slow to 3.1 per cent in 2016 before recovering to 3.4 per cent in 2017.

2. Reddy appointed honorary consul of Germany for Hyderabad

Former Nasscom Chairman BVR Mohan Reddy has been appointed as honorary consul of Germany for Hyderabad. 

Reddy is Executive Chairman of Cyient Limited (Formerly Infotech Enterprises Limited). 

3. Ex-ISRO chairman inducted into IAF Hall of Fame

Former ISRO Chairman and Space Secretary, Professor U R Rao, has been inducted into the prestigious "The 2016 IAF Hall of Fame" by the International Astronautical Federation.

4. Wildlife film-maker Prajna Chowta conferred knighthood by France

Film-maker and elephant researcher Prajna Chowta was recently appointed Chevalier de l'Ordre National du Mérite (Knight in the National Order of Merit) by the French Government.

5. Nobel Prize Chemistry 2016

Nobel Prize in Chemistry 2016 has been given to Jean-Pierre Sauvage, Sir J. Fraser Stoddart and Bernard L. Fering for design and synthesis of molecular machines.