Current Affairs 9^th June 2014 | Ushering in High Growth Rate and putting economy back on track is highlight of economic blueprint of Modi

New Chairman of Board of Governors at IIT Madras is Pawan Goenka

09.06.2014: New Chairman of Board of Governors at IIT Madras is Pawan Goenka. He is Executive Director & President Automotive & Farm Equipment Sectors Mahindra & Mahindra Limited. President of India made this appointment.

Uttarakhand Assembly session held outside Dehradun

09.06.2014: For the 1^st time Uttarakhand Assembly session held outside Dehradun since its formation in 2000. Assembly session conducted from 9^th June 2014 to 11^th June 2014 at Gairsain in Chamoli.

Migrant Workers and Transferred employees need only one documentary proof of address

09.06.2014: To open the bank account, Migrant Workers and Transferred employees need only one documentary proof of address. This rule was passed by Reserve Bank of India. Address proof may be either permanent or current. As per the RBI notification, in case there is change in address mentioned as per proof of address, fresh proof of address may be submitted to the branch within a period of six months.

First Quarter GDP growth of Japan’s economy is 6.7%

09.06.2014: First Quarter GDP growth of Japan’s economy is 6.7% as against 5.9 % for the January to March quarter announced in the Mid May. It is World’s 3^rd largest economy.

BrahMos Missile Test Fired

09.06.2014: BrahMos Missile Test Fired from Karwar Coast in Karnataka. It is 290 KM Range Supersonic anti ship cruise missile. It is having the capability to launch 16 BrahMos missiles.

Wang Yi, Foreign Minister of China, Visited India

09.06.2014: Two day visit of Wang Yi, Foreign Minister of China to India i.e. from 8^th June 2014 to 9^th June 2014. Main aim of his visit is to establish contact with Modi Government. He met Sushma Swaraj, Union External Affairs Minister and discussed regarding border, economy, trade and people to people exchanges. He also discussed with Prime Minister Narendra Modi and President Pranab Mukherjee. Major discussions were people to people exchanges like Kailash Mansarovar, respect the sensivities and aspirations of their people which is essential for the expansion of bilateral relations, discussion about the project about the Encyclopaedia of India China cultural contacts.

Ushering in High Growth Rate and putting economy back on track is highlight of economic blueprint of Modi

09.06.2014: Major highlights of economic blueprint of Modi were Ushering in High growth rate and putting economy back on track, Accelerate Job Creation, Reignite the investment Cycle, Contain Food inflation, Undertake reforms to enhance ease of doing business, Make efforts to introduce GST, make tax regime non adversarial, Create Predictable, Transparent and fair policy environment, restore investor confidence, Steps to prevent hoarding and black marketing, Emphasis on improving supplies to contain food inflation, allow FDI in sectors that will create jobs, assets, undertake reforms to enhance ease of doing business, Promote labour intensive manufacturing, increase investment in agriculture infrastructure, Reform of Public Distribution system.