India is a source of growth for the global economy for the next few decades: IMF
• International Monetary Fund (IMF) has said that India is a source of growth for the global economy for the next few decades.
• Releasing the report of its annual consultations with India, IMF's mission chief for India, Ranil Salgado said that India contributes 15 per cent of the growth in the global economy in purchasing power parity measures. He said this is next to only China and the UnitedStates.
• In its report, the IMF has forecast India's growth to rise to 7.3 per cent in the financial year 2018-19 and 7.5 per cent in the financial year 2019-20, on strengthening investment and robust private consumption.
• The IMF report also described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy.
Justice Bhat appointed as acting Chief Justice of Delhi High Court
• Justice Shripathi Ravindra Bhat was on August 7, 2018 appointed as the acting chief justice of the Delhi High Court.
• His appointment comes after acting chief justice of the Delhi High Court Geeta Mittal was elevated as the chief justice of the Jammu and Kashmir High Court.
• Justice Bhat will continue to hold the charge of acting chief justice till Justice Rajendra Menon of the Patna High Court takes over as the chief justice of the Delhi High Court in the coming days.
Third India-Nepal coordination meet held
• The third India-Nepal coordination meet was held on August 8, 2018 to discuss border security.
• Issues related to security along the border and sharing of information on criminals were discussed during the meet.
• A seven-member delegation from Nepal, headed by Inspector General of Nepal Armed Police Force Shailendra Khanal, arrived to take part in the three-day meet.
• During the visit, several important matters like security scenario along the border, coordination meetings at field level, sharing of information about crimes and criminals, training of armed police personnel and mutual visits by officers of two countries will be discussed.
UP Government to appoint interns for publicity of government’s welfare schemes
• The Uttar Pradesh government has announced that it will appoint interns in every block of the state for publicity of the welfare schemes of government.
• These interns named as ‘Lok Kalyan Mitra’ will also provide feedback regarding implementation of the welfare schemes.
• The decision was taken at the state cabinet meeting chaired by Chief Minister Yogi Adityanath on August 7, 2018.
• Under the internship programme, the 822 Lok Kalyan Mitras, each in a block of state, would be appointed through written examination.
• They will disseminate information among people at village level about various development programmes of the government.
World Champion weightlifter Mirabai Chanu pulls out of the Asian Games
• World Champion weightlifter Mirabai Chanu pulled out of the Asian Games after failing to recover from a lower back injury.
• The reigning CWG champion is struggling with an unidentified lower-back problem since May and is yet to begin full-fledged weight training.
• Her absence from the upcoming Asian Games comes as a huge setback for India, as she was considered as one of the strongest contenders for a gold medal in the event.
Chinese astronomers discover lithium-rich giant star, bigger than sun
• Chinese astronomers have discovered the most lithium-rich giant star ever known, which could shed new light on the evolution of the universe.
• With 3,000 times more lithium than a normal star, it was found in the direction of Ophiuchus, on the north side of the galactic disk, at a distance of 4,500 light years from Earth. The star has a mass almost 1.5 times our sun.
• A research team, led by astronomers from the National Astronomical Observatories of China (NAOC), made the discovery with the Large Sky Area Multi-Object Fibre Spectroscopic Telescope (LAMOST).
• The telescope can observe about 4,000 celestial bodies at one time and has made a massive contribution to the study of the structure of the galaxy.
• Lithium is considered one of the three elements synthesised in the Big Bang, together with hydrogen and helium. The abundance of the three elements was regarded as the strongest evidence of the Big Bang.
Goa CM launches new app-based taxi service
• Goa Chief Minister Manohar Parrikar and Tourism Minister Manohar Ajgaonkar on August 7, 2018 flagged off the Goa Tourism Development Corporation's app-based taxi service in Panaji.
• The app-based taxi service, called ‘GoaMiles’, would ensure that commuters are not cheated and at the same time would increase the earnings of taxi drivers by ‘two to three’ times.
• The service is aimed at bringing about transparency in fares for the customers.
• The launch was, however, marred by protests from drivers of yellow-and-black cabs who claimed that the government had not taken them into confidence before launching the service.
Government extends e-visa facility to 165 countries
• Seeking to promote tourism, the government has extended e-visa facility for citizens of 165 countries at 25 airports and five seaports.
• The government has launched the ‘Incredible India 2.0’ campaign, marking a shift from generic promotions to market-specific promotional plans.
• A 24X7 toll free multi-lingual tourist helpline has also been put in place as part of the efforts.
Earth heading towards irreversible ‘hothouse’ state: Study
• A new study has warned that Earth is at the risk of entering an irreversible 'hothouse' condition, where the global temperatures will rise by four to five degrees and sea levels may surge by up to 60 metres higher than today, even if the targets under the Paris climate deal are met.
• According to the researchers, keeping global warming to within 1.5-2 degrees Celsius may be more difficult than previously assessed.
• The study suggests that human-induced global warming of two degrees Celsius may trigger other Earth system processes, often called "feedbacks," that can drive further warming - even if countries stop emitting greenhouse gases.
• Currently, global average temperatures are just over 1 degree Celsius above pre-industrial and rising at 0.17 degree Celsius per decade.