1. Mumbai 12th Richest City Globally, New York Tops: New World Wealth Report
Mumbai, India's financial capital is the 12th richest city in the world with a total wealth of $950 billion, according to a report by New World Wealth. The list was topped by New York as the richest city in the world. Total wealth refers to the private wealth held by all the individuals living in each city. It includes all their assets (property, cash, equities and business interests) less any liabilities. The top 3 richest cities in the list are-
New York ($3 trillion).
London ($2.7 trillion).
Tokyo ($2.5 trillion).
2. PM Modi 3 Nation Visit- India and Palestine sign 6 MoUs
India and Palestine have signed six Memorandums of Understanding (MoU)s worth USD 40 million. This was welcomed by Palestinian President Mahmoud Abbas. During the term of this Government, the President of India made the first ever visit to Palestine in 2015.
3. Rajnath Singh inaugurates first of its kind spoken Sanskrit centre
Union Home Minister Rajnath Singh has launched the Centre for learning Sanskrit language in Gujarat University, Ahmedabad. The centre will offer a six-month course for people on how to speak the language. The coordinator of the course, Atul Unagar stated it was possibly the first such course launched in India.
The Minister of Road Transport & Highways Mr Nitin Gadkari released India’s first ever HighwayCapacity Manual (HCM) in New Delhi.
The manual is also known as Indo-HCM and it has been developed by CSIR – CRRI on the basis of an extensive, country-wide study of the traffic characteristics on different categories of roads like a single lane, two-lane, multi-lane urban roads, and the associated intersections on these roads.
CSIR- Council of Scientific & Industrial Research.
CRRI- Central Road Research Institute.
5. PM Modi 3 Nation Visit- India, Oman Sign 8 MoUs
India and Oman have signed eight MoUs in different areas during PM Narendra Modi’s maiden visit to the Gulf nation. The fields in which the agreements were inked include defence, health and tourism.
An MoU on legal and judicial co-operation in civil and commercial matters was also signed. The agreements were inked after Mr Modi held delegation-level talks with the Sultan of Oman, Qaboos bin Said al Said in Muscat.
Oman Capital- Muscat, Currency- Omani rial.
1. Sharmila Nicollet, 1st Indian Golfer to Qualify for China LPGA Tour
Sharmila Nicollet has become the first Indian golfer to qualify for the China Ladies PGA Tour. The 26-year-old Bengaluru golfer fought her way back into the tournament in the last two rounds to earn a card for the Tour.
Sharmila had played on the Ladies European Tour before losing her full card, played her three rounds in the CLPGA Tour Qualifying School.
1. PM Modi 3 Nation Visit- ONGC Videsh, Partners Acquire 10% Stake in Abu Dhabi Oilfield
ONGC (Oil and Natural Gas Corporation) Videsh Ltd and its partners have acquired a 10% in a large offshore oilfield Abu Dhabi National Oil Co.’s (ADNOC) in Abu Dhabi for $600 million. It is the first time any Indian company has set foot in oil-rich Emirate.
The current production of this field is about 400,000 barrels of oil per day (20 million tonnes per annum) and Indian consortium’s annual share shall be about 2 million tonnes. The contract for the concession was signed in Abu Dhabi in presence of Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed al-Nahyan and Prime Minister Narendra Modi.
ONGC Videsh Ltd (OVL) is the overseas arm of state-owned ONGC, Indian Oil Corp. (IOC) and a unit of Bharat Petroleum Corp. Ltd (BPCL).
2. SBI Wrote Off Bad Loans Worth Over Rs 20,000 crore Last Fiscal
The country’s largest lender SBI wrote off bad loans worth Rs 20,339 crore in 2016-17, the highest among all the public sector banks, which had a collective write off of Rs 81,683 crore for the fiscal. The data pertains to the period when the associate banks of SBI were not merged with it.
Besides SBI, Punjab National Bank had a write-off of Rs 9,205 crore in 2016-17, followed by Bank of India (Rs 7,346 crore), Canara Bank (Rs 5,545 crore) and Bank of Baroda (Rs 4,348 crore).
SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 01st July 1955.