 Konkan Railways Corporation Ltd has signed a contract agreement with Nepal’s Department of Railways to supply two 1600 HP DEMU train sets. These trains will be used to operationalise railway link between Jayanagar in India and Kurtha in Nepal. The train sets will be manufactured by the Integrated Coach Factory, Chennai. The agreement was signed in Kathmandu in the presence of Indian Ambassador Manjeev Puri and Nepal’s Secretary, Ministry of Physical Infrastructure and Transport Madhusudan Adhikari. Each train set will comprise of one driving power car, three trailer cars with one air-conditioned, one driving trailer car with standard accessories. |
| Source- News on AIR |
 BharatPe – India’s first Fintech start-up enabling payments for merchants through interoperable UPI QR codes, has announced its foray into merchant services with a new app. Along with UPI payments, the app now allows merchants to manage their entire Bahi Khata and even note receivables and payables seamlessly. |
| Source- Business Standard |
 First AH-64E (I) – Apache Guardian helicopter was formally handed over to the Indian Air Force at Boeing production facility in Arizona, USA. Air Marshal AS Butola, represented the Indian Air Force and accepted the first Apache. IAF had signed a contract with US Government and M/s Boeing Ltd in Sep 2015 for 22 Apache helicopters. The first batch of these helicopters is scheduled to be shipped to India by July 2019. |
| Source- Press Information Bureau (PIB) |
 National Technology Day is observed every year on 11th of May in India, acting as a reminder of the anniversary of Shakti. Shakti is the Pokhran nuclear test which was held on the 11th of May, 1998. The first nuclear test Pokhran with a codenamed as ‘Smiling Buddha’ was carried out in May 1974. The second test conducted was Pokhran II which was a series of five tests of nuclear bomb explosions, administered by India at the Pokhran Test Range of Indian Army in May 1998. |
| Source- News18 |
 Noted Tamil novelist and Sahitya Akademi awardee Thoppil Mohamed Meeran,passed away in Pettai, Tamil Nadu. Saaivu Naarkkaali (The Reclining Chair), released in 1995, bagged him the prestigious Sahitya Akademi Award in 1997. In recognition, he received 8 awards including Tamil Nadu Kalai Ilakkiya Perumantram Award in 1992. |
| Source- The Hindu |
 The Padma Bhushan awardee and ITC’s Non-Executive Chairman YC Deveshwarpassed away at the age of 72. He spearheaded the diversification of ITC to an FMCG company. He stepped down as chief executive of ITC in 2017. Between 1991 and 1994, he led state-owned carrier Air India as the Chairman and Managing Director. |
| Source- The Times Now |
 The 5th United Nations Global Road Safety Week is being observed from May 6 to 12, 2019. It is celebrated once in two years. The theme of the Road Safety Week is ‘Leadership for Road Safety’. The goal is to generate a demand for stronger leadership for road safety worldwide to help achieve SDG and other road safety targets. |
| Source: WHO |
 Amul has been announced as the principal sponsor of the Afghanistan cricket team for the upcoming World Cup, slated to be held in England and Wales from May 30. The logo of brand Amul will appear on the leading arm of the Afghanistan team playing jerseys as well as on the training kits throughout the showpiece event. |
| Source: Business Standard |
 The Australian flight carrier, Qantas has operated the world’s first zero-wastecommercial flight from Sydney to Adelaide which disposed of all waste through compost, reuse or recycle. The Australian airline Qantas has planned to eliminate 100 million single-use plastics by the end of 2020 and also to reduce 75% of airline’s waste by the end of 2021. |
| Source: Dailymail |
 Bank credit grew by 13.2% in the financial year 2018-19 as compared to 10.3% in the previous financial year, mainly aided by loans to services and retail sector. Deposit growth also gained momentum, growing by 10% as compared to 6.7% a year ago. |
RBI Data-
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| Source- The Hindu |
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