May 2018

INTERNATIONAL   India largest remittance-receiving country in the world   India was the largest remittance- receiving country in the world, with migrant workers from the country sending home USD 69 billion in 2017.   According to the report, remittances to the Asia-Pacific region amounted to USD 256 billion last year.   The report ‘Remit SCOPE … Read more

RAJASTHAN President launches several schemes in Rajasthan   The President of India, Shri Ram Nath Kovind, addressed a civic reception hosted for him in Jaipur, Rajasthan, by the state government on May 13, 2018.   The President appreciated the Government of Rajasthan for launching the ‘Bhairon Singh Shekhawat Antyodaya Employment Scheme’ and the ‘Sunder Singh … Read more

INTERNATIONAL   ·        China’s Alibaba Buys Pakistan E-Commerce Firm Daraz   Chinese e-commerce giant Alibaba purchased leading Pakistani online retailer‘Daraz’,continuing its overseas expansion by gaining a foothold in the growing South Asian consumer market. China is seeking closer economic ties with Asian neighbors including Pakistan through its Belt and Road initiative, a strategy to increase … Read more

RAJASTHAN Foodgrains yield in state stagnant for past decade   The yield of foodgrains in Rajasthan has remained more or less stagnant in the past decade, latest data released by the Reserve Bank of India (RBI) has revealed.   The wheat yield in Rajasthan that was 3,175 kgs per hectare in   2008-09 had registered … Read more

INTERNATIONAL   President Kovind becomes first President to visit Siachen in 14 years   The President of India, Shri Ram Nath Kovind, visited Siachen Base Camp on May 10, 2018 and addressed the soldiers posted there.   He also visited the Kumar Post. President Kovind is the second President of India to visit Siachen.   … Read more

RAJASTHAN Now panchayats get rights to transfer land mutation deeds   The government decision will benefit 295 panchayat samitis, and 46,229 villages that fall under 9,891 panchayats. Earlier, there was no provision to transfer land deeds at panchayat level.   Rural development and panchayati raj minister Rajendra Rathore said the gram panchayats can now transfer … Read more

INTERNATIONAL   Walmart acquires 77% stake in Flipkart   The world’s largest retailer Walmart will acquire a 77 percent holding in Flipkart Group for $16 billion, the companies said in a statement.   Flipkart co-founder Binny Bansal and other shareholders will hold the remainder. Japan’s Softbank to exit Flipkart by selling entire 20 per cent … Read more

RAJASTHAN Rajasthan government nod for construction on private hill land   In a first, the state government has given the go ahead for constructions on hills in private land in urban areas.   The urban housing and development (UDH) department and the directorate of local bodies (DLB) have jointly framed the model bylaws for the same.   The … Read more

INTERNATIONAL   15th Asia Media Summit to be hosted by India   The 15th Asia Media Summit (AMS) 2018 is being hosted by the Ministry of Information and Broadcasting, Government of India, jointly with the Indian Institute of Mass Communication (IIMC), New Delhi and Broadcast Engineering Consultants India Limited (BECIL), from 10th -12th May, 2018 … Read more

RAJASTHAN Rs 900 crore Benami properties attached in Rajasthan in 16 months   A total of 201 benami properties including bank accounts worth Rs 921-cr, claimed to be the biggest haul in the country, were attached by the income tax department under Benami Transaction (prohibition) Amendment Act 2016 in Rajasthan till March 31 this year.   Procedure: once a … Read more