DAILY GK 29 MAY 2019
1. IAF
CHIEF B S DHANOA LEADS ‘MISSING MAN’ FORMATION IN TRIBUTE TO HEROES OF KARGIL
✔Recently,
Indian Air Force’s Air Chief Marshal B S Dhanoa flew the ‘missing man’
formation in a MiG-21 aircraft to pay tributes to Squadran Leader Ajay Ahuja
and heroes of the Kargil war. Air Officer Commanding-in-Chief Western Air
Command Air Marshal R Nambiar also companied B S Dhanoa in the flypast
organised at Air Force Station in Bhisiana.
✔B
S Dhanoa led a four MiG-21 aircraft ‘Missing Men’ to honour the valour and
supreme sacrifice of men who were killed in action during ‘Operation Safed
Sagar’ at Kargil, J&K.
2. GDP
GROWTH IN Q4 LIKELY TO MODERATE TO 6.1-5.9%: SBI REPORT
✔According
to the Ecowrap Report of State Bank of India, GDP growth in the fourth quarter
ended March 2019 is likely to moderate to 6.1-5.9%. As a result, entire growth
rate for fiscal 2018-19 can be slipped down to below 7%.
✔The
dip in growth rate may propel the Reserve Bank of India to cut rates to 0.50%.
1% point cut in the Cash reserve Ratio can release Rs 1.28 lakh crore, reducing
lending rates by 0.15% and improve banks’ profitability by Rs 12,000 crore
annually.
✔The
growth estimated for January-March period is at 6.1-5.9% leading to annual
growth rate of 6.9%.
✔The
Gross Value Added growth for Q4, FY 19 is estimated at 6% or it could be
slipped marginally below 6% at 5.9%.
