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TNPSC BITS
August 3 , 2021
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- The International Monetary Fund has cut India’s GDP growth forecast to 9.5% for the fiscal year 2021-22 due to the second wave of the COVID-19 pandemic.
- Previously, IMF has forecasted 12.5% GDP growth.
- The Department of Defence Production which comes under the Ministry of Defence has given its approval for a central sector scheme named ‘Innovations for Defence Excellence (iDEX)’.
- The primary aim of this scheme is to provide financial support to around 300 MSMEs, Start-ups, and individual innovators as well as around 20 partner incubators through the Defence Innovation Organisation (DIO).
- India has overtaken Russia to become the fourth largest country with foreign exchange reserves.
- Currently, China has the largest reserves followed by Japan and Switzerland.
- 'Divya Nayan' a personal reading device for the visually impaired developed by the CSIR-Central Scientific Instruments Organization (CSIO), Chandigarh.
- Using this tool, any printed or digital document can be accessed via voice.
- The State Bank of India has topped the list of public sector banks that have written off loans in fiscal 2021.
- Union Bank of India and Punjab National Bank are in second and third place respectively.
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