Labour Party Leader Jeremy Corbyn Meets Prime Minister Narendra Modi
1. Britain’s opposition Labour Party leader Jeremy Corbyn today called on Prime Minister Narendra Modi on the final day of his maiden visit to the UK.
2.The Prime Minister’s Office tweeted photographs of the two leaders shaking hands and then sitting for discussions.
LPG Subsidy for People Above Rs 10-Lakh Income Might be Stopped
1.The NDA government is mulling to lift the subsidy on LPG cylinder for consumers whose annual income is above Rs 10 lakh, Union Minister M Venkaiah Naidu said here today.
2.Dharmendra Pradhan (Minister for Petroleum and Natural Gas) told me that the Government has found many of illegal gas connections and is saving thousands of crore of rupees by stopping supply to those consumers.
3.Naidu was speaking at an awards function organised by Federation of Andhra Pradesh and Telangana Chambers of Commerce.
India Can Become $10 Trillion Economy in Over 2 Decades: Pranab Mukherjee
1.Asserting that the Indian economy has shown resilience in the face of challenging global trends, President Pranab Mukherjee today said it has the potential to attain a size of $10 trillion over the next two decades.
2.Inaugurating the 35th India International Trade Fair (IITF) 2015 here at Pragati Maidan, he said there was a need to provide impetus to domestic manufacturing, and ‘Make in India’ campaign along with focus on Asia, Africa and Latin America as newer export markets will help sustain the challenges from the external sector.
3.We are a $2.1 trillion economy and have the potential to be a $10 trillion economy over the next two decades provided we are able to give fillip to manufacturing and innovation.
US Fines Alstom Record $772 Million in Foreign Bribery Charges
1.The US has fined French multinational Alstom SA, a record $772 million over international bribery charges in which the energy and transport giant bribed government officials in Indonesia, Saudi Arabia, Egypt, and Taiwan.
2.Alstom, which got a multi-billion contract in India to supply 800 railway engines to the Indian Railways this week had earlier pleaded guilty to the charges.
3.Its widespread corruption scheme involved at least $75 million in secret bribes paid to government officials in countries around the world, including Indonesia, Saudi Arabia, Egypt, the Bahamas and Taiwan.
World Diabetes 2015: The Eye-opening Reality of Diabetes in India
1.First, the economics. The current expenditure on diabetes treatment in India is approximately 95 USD (Rs. 6,000) person/annum as per IDF atlas, 2014, whereas the cost of treatment of one complication of diabetes, e.g. treating the diabetic foot is around Rs. 10-30,000 per treatment. With the huge numbers of diabetes patients and complications we are dealing with, overall health expenditure per person is much lesser as compared to the developed countries.
HSBC Unveils Rs 100 Crore Skill Development Programme
1.Banking major HSBC has announced a skill development programme for India, entailing an investment of Rs 100 crore, which will impart skills to more than 75,000 people.
2.The launch of the programme – HSBC Skills for Life – was announced on Thursday evening by Prime Minister Narendra Modi and his UK counterpart David Cameron.
3.PM Modi is on a three-day visit to the UK.
4.The programme aims to provide more than 75,000 young people and women with requisite skill sets, over the next five years, to enable them to earn a sustainable livelihood.
Jayant Sinha is planning to meet Chief Executives of State-run banks every 45 days
1.Jayant Sinha, Minister of State for Finance, is planning to meet Chief Executives of State-run banks every 45 days to take stock of various performance parameters and discuss evolving issues.
2.The move comes at a time when public sector banks are witnessing increasing pressure on asset quality, which is eroding their capital and profitability. This meeting is in addition to the meeting with the Union Finance Minister, which takes place every quarter, primarily to review the quarterly performance of banks.