NEWS
07/11/2021.
NEWS FOR 8th-NOV (MONDAY)
1. The govt has reduced the central excise duty on petrol & diesel by Rs.5/- & Rs.10/- respectively. The states were urged to reduce the VAT for the same, after which many states have started doing so.

2. India's services sector activity has expanded at the strongest pace in ten and a half years in Oct this year. It was driven by a substantial upturn in business activity amid favorable demand conditions this year.

3. India is likely to become the first buyer of Russia's S-500 anti-aircraft missile system. Russia is getting ready to export its cutting edge S-500 anti aircraft missile systems to India & China soon.

4. India has announced that it will reach carbon neutrality by 2070 as part of a five-point action plan that included reducing emissions to 50% by 2030. India made this pledge at the Conference of the Parties (COP) 26 climate summit in Glasgow, where it also urged developed countries to deliver on their promise of climate financing.

5. DRDO & IAF carried out successful flight tests of indigenously-developed smart anti-airfield weapon. Its maximum range is 100 kms & it is equipped with imaging infra-red seeker technology. 

6. India has missed out on the semi final berth of the ongoing T20i cricket world cup being held in the UAE. England, Australia, Pakistan & New Zealand have made it into the top 4.

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