India’s first international financial services centre GIFT City has appointed former Corporate Affairs Secretary Tapan Ray as the Managing Director. He was given additional charge as interim Economic Affairs Secretary recently.
GIFT City is a Gujarat govt project in partnership with IL&FS.
Canada Prime Minister Justin Trudeau announced that single-use plastics will be banned in the country from 2021 to reduce ocean waste. Less than 10 percent of plastics used in Canada are currently recycled.
Canada:
Capital – Ottawa
Currency – Dollar
As per the new norms of RBI, Banks are free to provide additional value-added services, including the issue of cheque book, beyond the above minimum facilities to basic account holders. However, banks cannot ask the customer to maintain a minimum balance.
4 withdrawals from ATMs in a month also included in the service.
IDBI Bank & Max Bupa have signed a Bancassurance corporate agency agreement. Max Bupa will provide the services including pre-authorization of cashless claims within 30 mins & access to ‘Point of Care’ desks at leading hospital chains across the country.
MD & CEO of IDBI Bank - Rakesh Sharma.
Lewis Hamilton has won the 2019 Canadian Grand Prix. Sebastian Vettel was penalized for dangerous driving against his rival. Monaco's Charles Leclerc finished third while Valtteri Bottas of Finland took the fourth position.
Azerbaijan Grand Prix was won by Mercedes’ Valtteri Bottas.
A non-executive director of Yes Bank, Ajai Kumar has resigned from the board. He served as the bank’s interim Managing Director and Chief Executive for one month after Rana Kapoor’s exit. He had led state-run Syndicate Bank earlier.
MD and CEO of Yes Bank - Ravneet Singh Gill.
Yuvraj Singh has announced his retirement from International Cricket. He played 400 games for India. He came into the India ODI fold in October 2000 in the ICC knockout tournament in Nairobi. He became a part of the Indian T20 International squad in 2007.
He played 40 Tests, scoring 1900 runs with an average of 33.92.
Acc to the CRISIL report, the NPAs stock has declined to 9.3% as of Mar 2019 after tripling to 11.5% in the 4 fiscals till Mar 2018. The gross NPA ratio of both public &private sector banks showed a half-yearly decline for the first time since Mar 2015.
CRISIL is headquartered in Mumbai.
Serbia’s Novak Djokovic has topped in the ATP Rankings followed by Rafael Nadal who won the French Open Men’s title for 12th time recently. Austrian Dominic Thiem keeps his fourth place behind Switzerland's Roger Federer.
Naomi Osaka topped in WTA rankings followed by Ashleigh Barty.
Noted actor & Jnanpith awardee Girish Karnad passed away in Bengaluru. He served as Director of the Film & Television Institute of India & National Academy of Performing Arts. He was also conferred the Padma Shri, Padma Bhushan & Rajyotsava Award.
Rajyotsava Award - 2nd highest civilian honour of Karnataka govt