- 1 IT Ministry launches e-Aksharayan Language Software
- 2 Neeraj Chopra wins Gold Medal at Savo Games in Finland
- 3 China launches High- Resolution Earth Observation Satellite
- 4 RBI hikes repo rate by 25 bps to 6.5% raises inflation projection.
- 5 Government launches Seva Bhoj Yojana to help charitable institutions
- 6 Latest Current Affairs
IT Ministry launches e-Aksharayan Language Software
At a symposium for Indian Languages Technology Industry “Bashantara” in New Delhi, the IT Ministry’s Ajay Prakash Sawhney has launched e- Aksharayan in 7 Indian Languages.
E-Aksharayan is a desktop software that can convert scanned printed Indian Language documents into fully editable text format in Unicode Encoding.
E-Aksharayan works in the following languages – Hindi, Malayalam, Kannada, Tamil, Bangla, Gurmukhi, and Assamese.
Neeraj Chopra wins Gold Medal at Savo Games in Finland
Indian Javelin Athlete Neeraj Chopra won a gold medal at the Savo Games in Lapinlahti, Finland.
Chopra recorded a throw of 85.69 meters to win Gold at the event.
Chao- Tsun Cheng of Chinese Taipei recorded a throw of 82.52 m to win silver medal.
China launches High- Resolution Earth Observation Satellite
China launched Gaofen – 11, an optical remote sensing satellite, as a part of the country’s high resolution Earth Observation Project.
The Gaofen-11 Satellite was launched on a Long March 4B Rocket.
It was the 282nd Flight Mission by a Long March carrier Rocket.
The satellite can be used for Land survey, urban planning, road network, design, agriculture, and disaster relief.
Data from the satellite will be also used for the Belt and Road Initiative.
RBI hikes repo rate by 25 bps to 6.5% raises inflation projection.
The Reserve Bank of India’s monetary policy committee (MPC) raised policy rates by 25 basis points to 6.5%, in its Third Bi-Monthly Monetary Policy Statement for 2018-19.
Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) is adjusted to 6.25%.
The decision of the MPC is in line with the neutral stance of the monetary policy. The objective is to achieve the medium- term target for consumer price index (CPI) inflation is 4%.
Government launches Seva Bhoj Yojana to help charitable institutions
The Ministry of Culture launched the Seva Bhoj Yojana scheme to reimburse CGST and IGST to religious and charitable institutions who provide food for free.
Under the scheme, the Government set aside Rs 325 Crore for the financial years, 2018-19 and 2019-20.
This means religious and charitable institutions will effectively not have to pay CGST and IGST on food that is provided free of cost to the public or devotees.
IGST stands for Integrated Goods and Service Tax.