Politics


 

 

1. Finance Ministry Ties Up With 40 Companies Under Mudra Scheme

 

The Union Finance Ministry has tied up with 40 entities including Flipkart, Swiggy, Patanjali and Amul for extending loans to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY).

In order to identify people who can be given funds under the Pradhan Mantri Mudra Yojana (PMMY), the ministry has organized an event in Mumbai to extend loan under the scheme.

PMMY was launched by Prime Minister Narendra Modi on April 8, 2015, for providing loans of up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises.

 

2. Minimum Compensation of Rs1 crore To Paramilitary Jawan Who Dies In Action

Home Minister Rajnath Singh has announced that the family of a paramilitary jawan who dies in action will be given a minimum compensation of one crore rupees. The Home Minister presented gallantry awards to BSF jawans and officers.

The Border Security Force came into existence on 01 Dec 1965, and Mr. K F Rustamji was the 1st chief and founding father.

BSF Headquarters in New Delhi.

KK Sharma is the present Director General of BSF.

 

3. Pravin Agrawal Appointed BHEL Director

 

State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) has appointed Pravin L. Agrawal as a part-time official director on its board. An Indian Forest Service officer, Agrawal is presently joint secretary in the Department of Heavy Industry (DHI), Ministry of Heavy Industries and Public Enterprises.

 

4. HD Kumaraswamy Took Oath as New Karnataka CM

 

The JD(S)-Congress coalition government head HD Kumaraswamy was sworn-in as the New Chief Minister of Karnataka. Governor Vajubhai Vala administered the oath of office and secrecy to Kumaraswamy. Congress Leader G. Parameshwara was sworn in as Deputy Chief Minister. There are 221 elected members in the Legislative Assembly, and the coalition partners have 117 members.

 

5. English Translation of Polish Novel ‘Flights’ Wins Man Booker Prize

Polish author Olga Tokarczuk has won the Man Booker International Prize for her novel ‘Flights’. The novel, translated by Jennifer Croft, interweaves narratives of travel with explorations of the human body. It bagged the 67,000 US dollar prize after topping a shortlist of six titles, with Tokarczuk becoming the first Polish writer to win the award. The head judge of the awards was Lisa Appignanesi.

The Man Booker International Prize celebrates the English translations of works of international literature.

In 1971, V.S. Naipaul’s novel In a Free State was the first book by an Indian novelist to win the Booker.

 


Sports


1. AB de Villiers Retires From International Cricket

Star South African batsman AB de Villiers has announced his decision to retire from international cricket with immediate effect. In his 14-year career, he played 114 Tests, 228 One-Day Internationals (ODI) and 78 T20 Internationals. Some of the Phenomenal Records of ABD are:

The World Record for the fastest ODI 50 (16 balls), 100 (31 balls) and 150 (64 balls), the second highest individual Test score for South Africa (278*), the highest points (935) by a South African on the ICC Test rankings.

 

2. Manika Batra, Mirabai Chanu Sign Up With IOS Sports

 

Commonwealth gold medal winning table tennis star Manika Batra and weightlifter Mirabai Chanu have signed multi-year agreements with sports management firm IOS. IOS will now manage their endorsements, appearances, brand profiling, patents, licensing and digital rights, images, and visibility on social networking sites. With this deal, Manika and Mirabai join the likes of boxing stars MC Mary Kom, Vijender Singh and Saina Nehwal on the IOS roster.

 

 


Business


1. SBI Reports Loss Of Rs. 7,718 Crore In March Quarter: Report

State Bank of India (SBI), the country's biggest lender, reported a loss of Rs. 7,718 crore in the January-March quarter, hurt by higher provisions for bad loans. The loss for the three months to March 31 was deeper than the expected Rs. 1,285 crore on average by 16 analysts, according to Thomson Reuters data.

SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 01st July 1955.

 

2. India to Achieve 9% Growth Rate by 2022: NITI Aayog

NITI Aayog vice-chairman Rajiv Kumar exuded confidence that Indian economy will achieve 9% growth rate on sustained basis by 2022 on the back of reforms like GST, demonetization and the Insolvency and Bankruptcy Code (IBC). According to Mr. Kumar, Indian economy grew by 6.6% in 2017-18 and expected to grow at 7.5% this fiscal.