06 June 2017 Current Affairs is available now for the users to read.
06 June 2017 Current Affairs
India GDP growth to remain flat at 7.1% in 2017-18
India’s economic growth is expected to remain flat at 7.1 per cent in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.
According to the global financial services major, the GDP growth momentum is slowing since mid-2016 and this trend is expected to continue going forward. Government is trying to bring reforms to accelerate the pace.
National Aviation Univ. signs MoU with Bird Worldwide Flight Services
The National Aviation University signed a MoU with the Bird Worldwide Flight Services to develop professional aviation and aerospace education program and research for the benefit of the Indian civil aviation industry. Internships and campus placements for eligible students have been incorporated in the provisions.
Four Arab nations cut diplomatic ties with Qatar
Four Arab nations cut diplomatic ties with Qatar, further deepening a rift between these nations.
Bahrain, Egypt, Saudi Arabia and the United Arab Emirates all announced that they would withdraw their diplomatic staff from Qatar, a gas-rich nation that will host the 2022 FIFA World Cup.
Hill Area Development Program for Northeast Announced
The Union Minister of State (Independent Charge) for Development of North Eastern Region Dr Jitendra Singh announced the launch of Hill Area Development Program for Northeast in Imphal
Elaborating on the new scheme, Dr Jitendra Singh said that the hilly areas of Manipur, Tripura and Assam have a distinct geo-physical entity and are lagging in socio-economic development.
There is a wide gap between the hill and valley districts in terms of infrastructure, quality of roads, health and education etc. Hill Development Program he is inspired with a serious research and deliberation of all these factors.
World Bank providing loan of USD 39.2 Million to India
An agreement for IBRD Credit of USD 39.2 Million from World Bank for the project Assam Citizen Centric Service Delivery was signed.
The program size is USD 49 million, of which USD 39.2 million will be financed by the Bank, and the remaining amount will be funded-out of State Budget. The program duration is 5 years.
The objective of the project is to improve access in the delivery of selected public services in Assam.