Indian Navy commenced security operations ‘Operation Sankalp’ in order to ensure safe passage of Indian Flag Vessels through the Strait of Hormuz. Operation is being coordinated with stakeholders including Min of Defence, External Affairs & Shipping
Strait of Hormuz is b/w Persian Gulf & Gulf of Oman
CCEA approved capital grant as viability gap funding of Rs 5,599 cr for setting up the North-East Natural Gas Pipeline Grid to Indradhanush Gas Grid Ltd. In 2016, the govt provided a capital grant to Jagdishpur-Haldia & Bokaro-Dhamra gas pipeline project
Gas Pipeline Grid to be developed in all 8 states of N-E region
Cabinet approved conferring the status of Institution of National Importance to a cluster of Ayurvedic institutions at Gujarat Ayurved University campus in Jamnagar to provide autonomy to upgrade the standard of Ayurveda education, frame various courses
Minister of State (I/C) AYUSH: Shripad Yesso Naik
Report released presents key trends identified such as issues of lack of platform neutrality, unfair P2B contract terms, exclusive contracts b/w online marketplace platforms & sellers/service providers, platform price parity restriction & deep discounts
CCI is responsible for enforcing The Competition Act, 2002
Cabinet has approved MOU b/w India & Mongolia on Cooperation in the Exploration and Uses of Outer Space for Peaceful and Civilian Purposes; U.K. for Enabling Energy Self Sufficiency for Indian Railways; Sweden on cooperation in Polar Science
Capitals Sweden: Stockholm; Mongolia: Ulaanbaatar
World Bank has projected a 5% growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8% in the 2020-2021 financial year. The growth rate for Bangladesh has been projected to remain above 7%
Global economic growth is forecast to edge up to 2.5%
Global tech major IBM has appointed Sandip Patel as new MD of its India & South Asia operations succeeding Karan Bajwa. He will be responsible for all strategic matters & delivery operations in the region, including Bangladesh, Nepal & Sri Lanka
IBM is nicknamed as Big Blue
Paytm launched all-in-one QR for merchants across the country to enable business to accept unlimited payments through Paytm Wallet, Rupay Cards & all UPI-based payment apps directly into their bank account at 0% fee.
Paytm ‘Business Khata' complementing all-in-one QR also launched
National Stock Exchange has introduced cross-margining facility to offset positions in corelated equity indices to increase liquidity & trading volumes in stock markets allowing market participants to reduce the total margin payment required
SEBI, in 2008 allowed the same across cash & equity derivatives
India skipper Virat Kohli retained his top spot among batsmen with 928 points. Australian speedster Pat Cummins was at top of the standings with 904 points ahead of Neil Wagner & West Indies' Jason Holder.
Jasprit Bumrah, remained at 6th position among bowlers
Union Cabinet approved a proposal to divest equity shares of 4 PSUs - MMTC, NMDC, BHEL and MECON - in Neelachal Ispat Ltd. Neelachal Ispat is a JV, in which these 4 CPSEs & state PSUs of Odisha, IPICOL & OMC, are shareholders
Union Minister of Coal: Pralhad Joshi