Politics


1. U.S.- India Aviation Summit Held in Mumbai

 

In collaboration with the U.S.-India Aviation Cooperation Program and the Government of India, US Trade and Development Agency (USTDA) is hosted the 6th U.S.-India Aviation Summit in Mumbai, India. The American Association of Airport Executives (AAAE) is organizing this visit on behalf of USTDA.

 

2Telangana Government Launches Rythu Bandhu Scheme For Farmers

The Telangana government introduced Rythu Bandhu, a scheme to provide Rs4,000 per acre each to land-owning farmers for Rabi and Kharif seasons, and issued special passbooks for them.

The programme was flagged off by chief minister K. Chandrashekhar Rao, who distributed 298 cheques to farmers at Huzoorabad Mandal in Karimnagar district. The state government has set aside Rs12,000 crore in the 2018-19 budget for Rythu Bandhu.

Telangana CM- K Chandrasekhar Rao, Governor- E.S Lakshmi Narasimhan (Add. Charge).

 

3. Vijay Prahar Exercise of Indian Army Concluded in Rajasthan

 

Indian Army’s month-long Vijay Prahar exercise concluded in Suratgarh, Rajasthan. It was conducted by South Western Command of Indian Army. The exercise was aimed to orchestrate wide spectrum of threats including Nuclear, Chemical or Biological (NCB) attack which are planned to be tackled through high tempo joint air and land operation.

General Bipin Rawat is the present Chief of Army Staff.

 

4. Malaysia Gets Oldest Prime Minister in the World

Mahathir Mohamad was sworn in as Prime Minister of Malaysia. He took the oath at the Istana Negara Palace in Kuala Lumpur. He has replaced Najib Razak. His coalition defeated the governing Barisan Nasional coalition, led by Prime Minister Najib Razak, which has been in power for more than 60 years. Ninety-two-year-old, Mahathir becomes the oldest Prime Minister in the world.

Malaysian Capital- Kuala Lumpur, Currency- Malaysian ringgit.

 

 5. SCO Tourism Ministers’ Conference Held in China

The Minister of State (I/C) for Tourism and Minister of State for Electronics and Information Technology, K. J. Alphons attended the Tourism Ministers’ conference by Shanghai Cooperation Organization (SCO) in Wuhan, China. At the inaugural session, the Minister stated that India’s Tourism sector is fast growing and has got an emerging market for outbound travel and a tremendous potential for tourism co-operation with the SCO region.

 


Business


1.  China's Alibaba Buys Pakistan e-Commerce Firm Daraz

 

Chinese e-commerce giant Alibaba had purchased leading Pakistani online retailer 'Daraz', continuing its overseas expansion by gaining a foothold in the growing South Asian consumer market. China is seeking closer economic ties with Asian neighbours including Pakistan through its Belt and Road initiative, a strategy to increase trade links that are led primarily by infrastructure projects.

Jack Ma is the CEO of Alibaba Group.

Jack Ma is the Richest person in Asia (13th overall), according to the Bloomberg Billionaires Top 100 Index 2018.

Daraz was founded in 2012.

 

2. Indian Tea Industry Records Highest Ever Production, Export in FY18

 

Indian tea industry has recorded the highest ever production as well as exports in FY18. The total tea production was 1325.05 million kgs, an increase of 74.56 million kgs as compared to 2016-17. In percentage terms, the increase is around 6%.

Similarly, the total quantity of tea exported during the financial year 2017-18 stood at 256.57 million kgs, while the foreign exchange realized from exports of Indian tea was $ 785.92 million. The growth in exports was majorly driven by the following countries: Egypt (increased by 7.49 million kgs), Iran (increased by 6.95 million kgs), Pakistan (increased by 4.96 million kgs), China (increased by 2.91 million kgs) and Russia (increased by 2.89 million kgs).