30th MAY DAILY NEWS DIGEST

1. GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%

  • The GDP expanded by 5.7% in the corresponding quarter of 2018-19.
  • The growth in GDP during 2019-20 is estimated at 4.2% as compared to 6.1 per cent in 2018-19.
  • The RBI fix the GDP growth for 2019-20 at 5% as projected by National Statistical Office in this year January and February.

2. Deep sea fishing ban period reduced from 61 days to 47

  • The fishing ban is scheduled from June 1 to July 31.
  • The State government reduced deep sea fishing ban period along coastal Karnataka from 61 days to 47 on June 15.
  • The main objective of banning deep sea fishing during June and July is to protect fish wealth.
  • As commercially important species breed during this period.

3. Knowledge-based economy the way forward: CM

  • Chief Minister Pinarayi Vijayan said to create a knowledge-based economy.
  • It generate employment, produce wealth, power innovation and drive manufacturing.
  • Mr. Vijayan reviewed ?1,500-crore Kerala Infrastructure Investment Fund Board-funded project.
  • It would provide Internet free of charge to an estimated 20 lakh BPL households.

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