Top Headlines - 21.01.2016

Top Headlines - 21.01.2016
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1. The International Monetary Fund cut its global economic growth forecast for 2016 to 3.4 percent while maintains India's outlook. It has been said that Indian economy will grow at 7.5 percent in 2016 and 2017 while Chinese economy will grow by 6.3 percent this year and at 6 percent next year.

2. Indian Space Research Oraganisation (ISRO) launched India's fifth navigation satellite IRNSS-1E powered by PSLV - C31 rocket.

3. Union Minister for Science and Technology and Earth Sciences, Dr Harsh Vardhan, inaugurated the first Indian Institute of Geomagnetism (IIG) of the North East christened as Shillong Geophysical Research Centre of the Indian Institute of Geomagnetism (IIG).

4. Pakistan conducted a successful flight test of the indigenously developed nuclear capable cruise missile Ra’ad with a range of 350 kms.

5. The Water Supply and Sanitation Collaborative Council (WSSCC) announced that Amina J. Mohammed, environment minister of the Federal Republic of Nigeria, will serve as WSSCC's new chair.

6. India and the UK have agreed to strengthen their economic cooperation in infrastructure and financial services as they vowed to address cross-border tax evasion and avoidance.

7. The Union Cabinet approved the ‘National Tariff Policy for Electricity’ aimed at tightening regulations for setting power rates and promotion of clean energy. Cabinet also approved the expenditure of Rs 5,050 crore Solar projects.

8. Eko, a mobile-based Financial technology company, announced the launch of Indo-Nepal remittance services in partnership with Nepal's Prabhu Money Group.

9. The Union Home Minister Shri Rajnath Singh inaugurated the International Conference on “Cooperative Federalism: National Perspectives and International Experience” in New Delhi.

10. Prime Minister Narendra Modi launched the autobiography of Essel Group Chairman Dr Subhash Chandra.The autobiography titled 'The Z Factor: My Journey as the Wrong Man at the Right Time' has been written along with Pranjal Sharma.

11. According to the annual global CEO survey of PwC released at the WEF Annual Meeting, the top five markets considered as most important for overall growth prospects by the respondents are USA, China, Germany, the UK and India.