Politics


1.Worlds second largest food producer India ranks under Severe Hunger Levels 

One of the highest food producers- India stands on the 100th rank for the title ‘Hungry’. Out of 119, India stood on 100th rank which is disturbing for the nation with the highest population. ‘Global Hunger Index’ carried out by International Food Policy Research Institute chalked out nations that fall under ‘Starving’ category.

 

2.India committed to take bilateral relations with Cambodia to new high and Two countries sign four MoUs

India and Cambodia signed four Memoranda of Understanding in areas, including deepening cooperation in culture and preventing human trafficking. The MoUs were signed after delegation-level talks between Prime Minister Narendra Modi and his Cambodian counterpart Hun Sen in New Delhi.

 

3.Union Finance Minister Arun Jaitley reiterated that the government aims to provide an easy environment for doing business in India.

He was addressing a function to mark the International Customs Day in New Delhi. He urged the officers of the Central Board of Excise and Customs (CBEC) to be very sharp in the detection process to avoid tax evasion.

 

4.Union Government relaxes norms of Atal Pension Yojana to expand coverage

The Union Finance Ministry relaxed norms of Atal Pension Yojana (APY) to allow small finance banks and payment banks to offer APY distribution. The move is expected to help expand coverage of the scheme and strengthen existing channels of APY distribution.

 

5.AirAsia India passengers volume up 79% to 1.42 million in Q3

AirAsia India carried 1.42 million passengers in the December quarter, a growth of 79% over the same period last fiscal. AirAsia India is a 51:49 joint venture between Tata Sons and Malaysian carrier AirAsia.

 


Business


1.SoftBank may back Indian insurance startup PolicyBazaar

Multibillion-dollar Japanese conglomerate SoftBank is reportedly in talks to invest in Indian online insurance aggregator PolicyBazaar at a valuation of $800 million.

Indian regulatory policies limit foreign domestic investment in the country at 49% while PolicyBazaar already has foreign investors, namely Tiger Global Management and Temasek Holdings, which control 48% stake in the company.