At the 52nd Annual Meeting of ADB’s Board of Governors in Fiji. The Asian Development Bank (ADB) launched the Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region.
ADB will also launch the Oceans Financing Initiative.
India will be attending the Group of 7 industrialised nations meet organised by France in Biarritz in August along with Australia, Chile and South Africa, in a sign of the recognition of India’s growing economic heft in the international arena.
Manmohan Singh attended- G-8 +5 meet in Gleneagles,Scotland,2005
Paytm, India’s mobile payment and commerce platform’s President, Bhushan Patil, has quit the company. He joined Paytm in March 2016 after serving five years at the Chinese company Alibaba.com.
e-bay is preparing to make investment in Paytm Mall.
Reserve Bank of India imposed penalties on five prepaid payment instrument (PPI) issuers i.e. Vodafone m-pesa, PhonePe, Western Union Financial Services Inc, MoneyGram Payment Systems & Y-Cash Software Solutions for violation of regulatory norms.
RBI Governor- Shaktikant Das.
India and Australia agreed to further deepen counter-terrorism co-operation through regular exchange of information and sharing of best practices on countering extremism and radicalization.
Scott Morrison- Prime Minister, Australia.
World Laughter Day is observed on the first Sunday of May of every year. In 2019 , it is being celebrated on May 5.The day began considering how positive and powerful emotion can change people and in fact the world.
The first Laughter Day was celebrated on May 10,1998, in Mumbai
Walt Disney Co is set to sell its interests in 21 regional sports networks and Fox College Sports to Sinclair Broadcast Group Inc for $9.6 billion. It excludes the New York Yankees team’s regional sports network, Yes.
Sinclair is the largest U.S. broadcast station owner.
Bank of Baroda (BoB) hiked its marginal cost of funds-based lending rate (MCLR) by 0.05 per cent with effect from May 7. Rate for six-month tenor has been hiked to 8.65 per cent and one-year tenor to 8.70 per cent.
BOB Headquarters- Alkapuri, Vadodara.
Elon Musk’s Space Exploration Technologies Corp. launched its 17th commercial resupply mission to the International Space Station for longtime customer NASA. SpaceX will attempt to recover Falcon 9’s first stage on a droneship in the Atlantic Ocean.
SpaceX set a record last year with 21 launches for customers.
Facebook Inc. is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system on the back of its gigantic social network. It is also working to tie online purchases more closely to ads.
In 2014 Facebook hired PayPal Holdings President David Marcus.