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Economic Concerns: Moody’s downgrades India rating for 1st time in 22 yrs

Moody’s downgrades India rating for 1st time in 22 yrs Approx Read Time: 6 minutes In News: Global ratings agency Moody’s Investors Service has downgraded India’s sovereign ratings to “Baa3” from “Baa2”, with the outlook of the country remaining “negative”. News Summary: Moody’s downgrades India rating for 1st time in 22 yrs Moody’s has downgraded India’s sovereign ratings to “Baa3” from “Baa2”, with …

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National Concerns: Maharashtra, Gujarat brace for ‘Severe Cyclone’

Nisarga Cyclone to hit Maharashtra, Gujarat Approx Read Time: 6 minutes In News: Nisarga Cyclone A cyclonic storm, named as Nisarga, has been forming in the Arabian Sea which is expected to make a landfall between Raigad district (in northern Maharashtra) and Daman by 3rd. News Summary: Nisarga Cyclone to hit Maharashtra, Gujarat As per IMD, it is …

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Extra Bytes: George Floyd protests flare in U.S. cities

George Floyd protests flare in U.S. cities Approx Read Time: 6 minutes In News: George Floyd, an African-American man, died recently in Minneapolis, US while he was being violently restrained by the police, with an officer pressing his knee into his neck of the victim. The incident has resulted in protests in many cities across …

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Science Bytes: SpaceX rocket ship with two NASA astronauts docks with space station

SpaceX rocket ship with two NASA astronauts docks with space station Approx Read Time: 7 minutes In News: SpaceX rocket ship with two NASA astronauts docks with space station US based private space company SpaceX’s Crew Dragon spacecraft with two NASA astronauts successfully docked with the International Space Station (ISS) after a historic launch from the Kennedy Space …

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Economic Bytes: 7.75% RBI bonds discontinued

7.75% RBI bonds discontinued Approx Read Time: 5 minutes  In News: The Reserve Bank of India (RBI) announced that it will stop issuing the government of India’s 7.75% (taxable) bonds— popularly known as 7.75% RBI bonds. News Summary: 7.75% RBI bonds discontinued The Reserve Bank of India notified that the Government of India has discontinued 7.75% savings (taxable) bonds, …

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