International Affairs

⚫Mauritius’s incumbent Prime Minister Pravind Jugnauth was sworn in for a five-year term after elections in which his coalition consolidated its grip on parliament.

⚫Iran has discovered a new oilfield with 53 billion barrels of crude oil in Khuzestan province, home to Iran’s Khuzestan’s crucial oil industry.

States in the News

⚫Gujarat Government has given approval to the world’s first CNG terminal at Bhavnagar port, Gujarat. Joint venture of United Kingdom-based Foresight Group and Mumbai-based Padmanabh Mafatlal Group will invest 1,900 crore in the project.

⚫The Ministry of Environment has granted clearance to the Indian Oil Corporation Ltd to set up a ₹ 766- crore 2G ethanol plant in Haryana’s Panipat district.

⚫The Assam State Commission for Protection of Child Rights is going to launch a mobile app Sishu Suraksha on the occasion of Children’s Day to empower citizens to take moral responsibility for protecting future generations.

⚫The festival ‘Bali Yatra’ which is organised every year in memory of the rich maritime history of the state, was inaugurated in Cuttack, Odisha at the bank of Mahanadi River.

⚫Uttar Pradesh government has launched a dedicated web portal and a mobile application, e-Ganna App, for sugarcane farmers of the state which will ensure transparency in the process of getting slips, and facilitate sugarcane supply by farmers to mills and check irregularities.

⚫Andhra Pradesh government has launched the ‘Nadu-Nedu’ programme which aims to introduce English medium from classes 1 to 6 in state-run schools. It will cover all schools in three years’ time with a budget of Rs 12,000 crores.

Agreements/MoUs Signed

⚫Federation of Indian Chambers of Commerce and Industry has signed a MoU with Singapore Fintech Association (SFA) as part of the growing Singapore- India fintech ecosystems during the 4th edition of Singapore Fintech Festival.

⚫The Competition Commission of India (CCI) approves the merger of the BNP Paribas (BNPP) Mutual Fund and the Baroda (BOB) Mutual Fund, under Section 31(1) of the Competition Act, 2002.

⚫Council of Scientific & Industrial Research(CSIR)- Institute of Microbial Technology (IMTECH), Chandigarh signed a MoU with Indian Institute of Technology (IIT) Bombay to promote collaborative research.

Banking/Economy/Business News

⚫The Karnataka Gramin Bank (KGB) has launched ‘mobile ATMs’ in Kalaburagi, among several other districts in the Karnataka.

⚫As per the report titled “Furthering Digital Payments” released by the Reserve Bank of India, banks can no longer charge savings bank account holders for online transactions in the NEFT system from January 2020.

⚫The economic research team from the State Bank of India (SBI) has revised India’s Gross Domestic Product(GDP) to 5% from its earlier estimate of 6.1% for the Fiscal Year 2020 in their report titled “EcoWrap”.

⚫Moody’s Investors Service has slashed India’s economic growth forecast to 5.6% for the fiscal year 2019.

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