National
1-India established individual bilateral ‘Air Bubbles’ with France, Germany, and the USA
Union civil aviation minister Hardeep Singh puri informed that India has established an individual bilateral ‘air bubble’ with France and USA.in addition to this, a similar arrangement with Germany has been established and Lufthansa will be operating the flights. This agreement allows countries airline to operate international flights.
International
India remains as the lower-middle-income economy: World Bank country classifications by income level 2020-21
According to the new world bank country classifications by income level 2020-2021, India remains in the classification of lower-middle-income economies.
Economy and business
Centre’s fiscal deficit to impress to 7.6% and India’s GDP to contract by 5.3% in FY21: India Ratings and research’s report
As per the research report of India’s ratings and research, the center’s fiscal deficit is estimated to 7.6% in FY21, which is twice the budget estimates as the country spends more to mitigate the impact of COVID-19 pandemic, facing a shortfall in revenues.
Science and Technology
ICAT launched automotive technology e-portal ASPIRE.
The international center of automotive technology has launched an automotive technology e-portal, automotive solutions portal for industry, research, and education(ASPIRE).
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