India's ranking improved from 40th to 34th, over 2017 on world travel and tourism competitiveness index by WEF. Spain held on to the top spot in the report which ranked 140 countries on their relative strengths in global tourism and travel
WEF HQ: Cologny, Switzerland; Founded: 1971
ECL Finance Ltd of Edelweiss & State Bank of India have signed a co-origination agreement to increase access to credit for Micro, Small and Medium Enterprises. It involves sharing of risks & rewards b/w Banks & NBFCs, MSMEs, creating a lending environment
SBI plans to set up a special NBFC Alliance department
Gujarat Government & Delaware State of America signed MoU for sister state. Cooperation in the field of services and investment opportunities in GIFT IFSC were discussed during the meeting b/w delegation of Delaware state of America & CM Vijay Rupani
Gujarat Capital: Gandhinagar; Governor: Acharya Devvrat
Principal Bench of the National Company Law Tribunal approved JSW Steel's Rs 19,700 cr bid for Bhushan Power & Steel. Bhushan Power owes close to Rs 50000 cr to a consortium of lenders led by Punjab National Bank.
It’s one of 12 large stressed a/c RBI identified for resolution
Union Minister Prahlad Singh Patel flagged off the first Mobile Science Exhibition at Leh Palace, in Leh. The Mobile Science Exhibition specially designed in a bus will be moving to various schools in the Leh district.
Sky Observation via telescope, science film show to be its part
Insurance Regulatory IRDAI formed a 9-member working group to look into current regulatory framework, need for changes, risk management, claims handling, pricing, reserving working group on revisiting guidelines on trade credit insurance
IRDAI HQ: Hyderabad; Chair: Subhash Chandra Khuntia
Health Minister Harsh Vardhan kick-started POSHAN Maah 2019 with a year-long social & mass media campaign on the Eat Right India movement. He also launched Eat Right India logo representing healthy plate & online course for frontline health workers
POSHAN- PM's Overarching Scheme for Holistic Nourishment
For the development of Russian Far East, India has decided to give line of credit worth $1 bn under the govt’s Act East policy in the 20th Indo-Russia annual summit. India is a very attractive source of manpower exports to the Far East
Both nations have set $30 bn trade target by 2025
28th edition of India-Thailand Coordinated Patrol b/w IN & Royal Thai Navy is being conducted. IN Ship Kesari & His Majesty’s Thailand Ship (HTMS) Kraburi along with Maritime Patrol Aircraft from both the navies are participating in the CORPAT
UNCLOS- United Nations Conventions on Laws of the Sea
Acclaimed English-Marathi journalist and writer Kiran Nagarkar passed away at the age of 77. He wrote "Cuckold" (1997) which won him the 2001 Sahitya Akademi award. His other works include God's Little Soldier (2006), Ravan and Eddie (2004)
His 1st Marathi novel- Saat Sakkam Treychalis (1974)