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 South African President Cyril Ramaphosa will be the Chief Guest at the 2019 Republic Day celebrations in New Delhi. The anouncement was made by the Prime Minister Narendra Modi. India is celebrating the 150th birth anniversary of Mahatma Gandhi. Mr Modi also stated that Mr Ramaphosa’s visit will further cement business and people to people ties between India and South Africa.
Source- Press Information Bureau (PIB)

 The World Bank has unveiled 200 billion US Dollars in climate action investment for 2021 to 2025, adding that this amounts to a doubling of its current five-year funding. The move coincides with a UN climate summit in Katowice. The breakdown of 200 billion dollars would comprise approximately 100 billion in direct finance from the World Bank. Around one-third of the remaining funding will come from two World Bank Group agencies with the rest private capital mobilised by the World Bank Group.
Source- News on AIR

It was again all Ethiopian Show in Pune International Marathon 2018. Atlawim Debebe of Ethiopia won the Full Marathon with the timing of 2 hours 17 minutes 17 seconds. Teshome Getachew claimed second and Bekele Asefa third position. Both of them are also from Ethiopia. In women’s Full Marathon Pascalia Chepkogei from Kenya stood first with the timing of 2 hour 50 minutes 27 seconds. Belew Mekonnen and Fekede Tilahun of Ethiopia claimed second and third position. Dekebe Tafa and Degefa Gezmu both from Ethiopia are winners of the men’s and women’s half marathon.
Source- The Hindu

 The Reserve Bank of India has approved the merger of SBM (Mauritius), India with SBM Bank (India). RBI has sanctioned the Scheme of amalgamation of the entire undertaking of SBM Bank (Mauritius) Limited, India with SBM Bank (India) Limited which has been granted licence by the Reserve Bank to carry on the business of banking in India through Wholly Owned Subsidiary (WOS) mode under the Banking Regulation Act.
Source- The Hindu Business Line

 Raninder Singh has become the first Indian to be elected one of the four vice-presidents of the International Shooting Sport Federation. The 51-year-old Raninder also heads the National Rifle Association of India. The former trap shooter bagged 161 votes to occupy the coveted post. In 2017, Raninder was re-elected president of the NRAI for a four-year term with an overwhelming mandate in Mohali.
Source- NDTV News

 Leftist leader Andres Manuel Lopez Obrador has been sworn in as the new Mexican President following his landslide victory in the July 2018 presidential election. Lopez Obrador, 65, took oath before a crowd that included world leaders and a strong majority in both houses of Congress. Lopez Obrador also reaffirmed his intentions to sell Mexico’s official presidential plane, to not live in the presidential palace and announced he will receive 40% of his presidential salary.
Source- AIR World Service

 State-owned Bank of Maharashtra announced that AS Rajeev has joined the lender as its managing director and chief executive officer. Prior to this, he was executive director of Indian Bank.
Source- The Economic Times

 NATHEALTH has announced the appointment of Siddhartha Bhattacharya as Secretary-General. In his new role, Siddhartha will lead the organization and work with key partners in realizing NATHEALTH’s vision/mission to spearhead the goal of high quality, affordable health for all.
Source- ANI News

 The Asia Pacific Summit-2018 began in Kathmandu, the capital of Nepal. The theme of two-day Summit is “Addressing the Critical Challenges of Our Time: Interdependence, Mutual Prosperity, and Universal Values”. Around 1500 participants from 45 countries, including India, attending the summit. They will discuss various global issues, including peace, development, good governance and role of parliamentarians, climate change and role of media.
Source- The Himalayan Times

 The G-20 Summit 2018 was held in Buenos Aires, Argentina. G-20 is a grouping of the world’s 20 major economies. This year, the theme of the summit was ‘Building Consensus for Fair and Sustainable Development’. 
Following are the important agenda discussed during the summit:
  • 1. Climate change: G20 signatories to the Paris Agreement on climate, which is all of them except the US, pledged the “full implementation” of the pact, which they called “irreversible.” They also took note, without further pledges, of UN scientists’ call for a more ambitious target of reducing warming to 1.5 degrees Celsius above pre-industrial levels.
  • 2. Trade: Bowing to the view of Trump’s administration, the G20 stated that multilateral trade was “falling short of its objectives” on promoting growth and job creation.
  • 3. IMF: Calling the International Monetary Fund crucial to the global safety net, the G20 pledged to provide adequate funding and to meet a goal of finalising new national quotas in time for the global lender’s spring 2019 meetings.
  • 4. Corruption: The G20 “committed to prevent and fight corruption and lead by example,” promising action from 2019 through 2021 on cleaning up state-run enterprises.
  • 5. Gender inequality: The G20 recommitted to a four-year-old goal of reducing the gender gap in the labor force by 25 percent by 2025.
  • 6. Future of work: Noting that new technologies will transform the nature of labour, the G20 called for “an inclusive, fair and sustainable” future of work, with retraining of workers where needed.
  • 7. Infrastructure: Calling infrastructure a key driver of global growth, the G20 called for greater standardisation in contract-making to encourage more private capital. Prime Minister Narendra Modi highlighted the flagship programmes like the Pradhan Mantri Jan Dhan Yojna, MUDRA and Start-up India undertaken by Indian government to modernise the economy and promote inclusive growth at the opening session of the G-20 summit in Buenos Aires.
  • (i) PMJDY: Pradhan Mantri Jan Dhan Yojana is a financial inclusion programme that aims at expanding and making affordable access to financial services to the last man in the row. Since its launch on August 15, 2014 till June 27, 2018, over 31 crore bank accounts were opened and over Rs. 7,92,00 crore were deposited under the scheme. (ii) MUDRA: It stands for Micro Units Development and Refinance Agency, is a financial institution set up in 2016 for development and refinancing micro units enterprises. It provides funding to the non-corporate small business sector through various last mile financial institutions like banks, non banking financial companies (NBFCs) and Micro Finance Institutions (MFIs). (iii). Start-up India: Launched in January 16, 2016, the Startup India is an initiative of the Indian government to promote startups, generate employment and create wealth.
    Source: The Hindu Business Line


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