Current Affairs Sep 06, 2015

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01. Global growth likely to be weaker than expected: IMF chief:IMF Managing Director Christine Lagarde has predicted that the global economic growth is likely to be weaker than earlier expected and will remain at moderate levels.

02. Got investment proposals worth $3.05 bn : The Indian government has received investment proposals worth $3.05 billion under Prime Minister Narendra Modi’s ‘Make in India’ initiative, Commerce and Industry Minister Nirmala Sitharaman has said.

03. India ranks low on inclusive growth, development in WEF report: India has been ranked very low, mostly in the bottom half, globally on most of the parameters for inclusive growth and development even as it fares much better internationally when it come to business and political ethics. India's overall place in the Global Competitiveness Index 2014–2015 rankings is 71 out of 144 countries.

04. India finishes fourth in Asian Boxing Championships: India signed off a creditable fourth among the record 28 countries which participated in the Asian Boxing Championships after grabbing one silver and three bronze medals on the whole.

05. IRFC to facilitate Indian Railways Rs 1,50,000 cr LIC loan : The Indian Railway Finance Corporation (IRFC), the borrower for the national transporter, will play the intermediary for raising a large part of the proposed Rs 1,50,000-crore loan from state-run Life Insurance Corporation (LIC).

06. Finance Ministry to introduce MUDRA Bill in Budget session:The Finance Ministry is planning to introduce a bill in the Budget session to give statutory status to MUDRA Bank which will act as a regulator for micro finance institutions.

07. Lewis Hamilton wins 2015 Italian Grand Prix: Lewis Hamilton of Britain haswon 2015 Italian Grand Prix of Formula One which was his seventh victory of the season.

08. US trade deficit drops to $41.9 billion in July: The U.S. trade deficit fell in July to the lowest level in 5 months as exports posted a small gain while imports declined, reflecting a big drop in shipments of consumer goods such as cell phones.

09. FMC to merge with SEBI: The Government of India has notified the merger of commodities market regulator Forward Markets Commission (FMC) with Securities & Exchange Board of India