Friday, August 3rd, 2018
We thank God for another day to make a positive impact on the world.
➢ All 23 Indian Institutes of Technology (IITs) are likely to come together to recruit foreign faculty in order to give a fillip to their global rankings.
➢ The government will complete the task of giving LPG connections free of cost to five crore (50 Million) poor households across 715 districts under the ‘Ujjwala’ programme by Friday.
➢ US Congress has passed a defence spending bill that seeks to amend an existing law to provide waivers to America’s strategic partners like India from punitive sanctions against those doing business with Russia’s defence industry.
➢ The IIRG is preparing to hold a large-scale naval exercise in the Strait of Hormuz, which could block navigation in the strait, where about 20 percent of the global supply of oil transits from the Persian Gulf.
➢ To avoid a tariff war with the US, India plans to put off implementation of retaliatory import duties of $241 million against 29 products.
➢ The government is set to approve a subsidy of around Rs 3,500 crore ($ 500 Million) for promoting electric vehicles over the next five years as part of the FAME 2 plan.
➢ NMPT (New Mangalore Port Trust) has begun the process of mechanizing two of its berths and it is likely to be ready by January 2019.
DID YOU KNOW
➢ The average ice berg weighs 20 Million Tonnes.