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News in Short

News in Short - 04-December-2019

Government plans to invest ? 1 lakh crore in infrastructure

Date: 04 December 2019 Tags: Basics of Economics
  • Amid concerns about the crisis in the Indian economy following GDP growth slipping to a 26-quarter low of 4.5 per cent in July-September, the government is open to further reforms for making India a more attractive investment destination.
  • It also said about 12 global companies have evinced interest to shift their base from China to India, taking advantage of the competitive tax rate of 15 per cent announced recently.
  • Currently the GDP growth rate has slowed for the sixth consecutive quarter, with the previous low recorded at 4.3 per cent in March 2013.

Imphal- Mandalay flight to be included in international UDAN

Date: 04 December 2019 Tags: Infrastructure
  • The Ministry of Civil Aviation has told that the Imphal-Mandalay route will be included in the International UDAN scheme, with the bidding process for selection of airlines to be completed within two months.
  • Manipur government had been pursuing the introduction of flight operations between Imphal and Mandalay for quite some time, but instead of a scheduled flight service, permission for chartered flights was given that too for a limited duration of time.
  • Under the UDAN scheme, airlines are required to bid on the number of passenger seats per flight for which they will require a subsidy.

Lionel Messi wins Ballond'Or

Date: 04 December 2019 Tags: Honours & Awards
  • Argentine and Barcelona footballer Lionel Messi has won the prestigious Ballon d’Or prize for the best footballer of the year.
  • Messi has previously won the award five times. He overtakes Portuguese footballer Christiano Ronaldo as the highest winner of Balloon d'Or.
  • Lionel Messi beat Dutch defender Virgil van Dijk and Cristiano Ronaldo to the award.