 India and Singapore have signed the Second Protocol amending the Comprehensive Economic Cooperation Agreement in New Delhi which will boost bilateral trade between the two countries. The Protocol was signed in New Delhi by Rajneesh, Joint Secretary, Ministry of Commerce and Industry and Francis Chong, Senior Director, Ministry of Trade and Industry, Government of Singapore. Both sides agreed to expand the coverage of tariff concessions, liberalize the Rules of Origin, rationalize Product Specific Rules and include provisions on Certificate of Origin and Cooperation on its verification. |
| Source- AIR World Service |
 Prasar Bharati and Mizzima Media Group of Myanmar signed an MoU to realize cooperation and collaboration in broadcasting and content sharing. The agreement was signed in the presence of Prasar Bharati CEO, Shashi Shekhar Vempati and Editor-in-chief and MD, Mizzima in New Delhi. The Agreement will realize cooperation and collaboration in broadcasting and envisions content-sharing covering a wide range of genres, including culture, entertainment, education, science, news and sports along with other areas of mutual interest. |
| Source- AIR World Service |
 Industry chamber Assocham appointed former bureaucrat Uday Kumar Varma as its new Secretary General. He succeeds DS Rawat who held the position for nearly 14 years. Varma retired from the position of Secretary, Ministry of Information and Broadcasting, Government of India in 2013, and has extensive administrative experience at the highest levels of administration both in the state government (of Madhya Pradesh) and central government. |
| Source- Business Standard |
 For the first time, India's only aircraft carrier INS Vikramaditya will be fitted with a marine hydraulic system to boost the air operations of the ship. Hydraulics technology uses fluid pressure to power machines. Technodinamika, a subsidiary of Russia's Rostec State Corporation, will install the system in the Indian Navy ship by May 2019. The GS-1MF hydraulic system is used in helicopters, while GS-3 is used in aircraft. |
| Source- NDTV News |
 The Defence Acquisition Council (DAC), chaired by Defence Minister Smt Nirmala Sitharaman accorded approval for procurement for the Services amounting to approximately Rs. 46,000 crores. The DAC in a landmark decision approved procurement of 111 Utility Helicopters for the Indian Navy at a cost of over Rs. 21,000 crores. This is the first project under the MoD’s prestigious Strategic Partnership (SP) Model that aims at providing the significant fillip to the Government’s ‘Make in India’ programme. |
| Source- Press Information Bureau (PIB) |
 Indian women’s team fast bowler Jhulan Goswami announced her retirement from T20 Cricket Internationals. The veteran player played 68 T20 Internationals and took 56 wickets at an economy rate of 5.45. The 35-year-old will only play ODIs. In ODIs, she is the world’s highest wicket-taker with 200 scalps from 169 games. |
| Source- The Indian Express |
 Treasurer Scott Morrison has been elected the new Prime Minister of Australia after winning an internal vote of 45-40 against former Home Affairs Minister Peter Dutton. Morrison will take over the charge as PM from Malcolm Turnbull. Morrison's election comes after Turnbull lost support of a majority of the party's MPs. |
| Source- BBC News |
 The World Bank launched ‘bond-i', the world’s first bond to be created, allocated, transferred and managed by using distributed ledger technology. This two-year bond successfully raised 110 million Australian dollars (USD 80.48 million). This was the first time that investors supported the World Bank’s development activities in a transaction that is fully managed using the blockchain technology from start to finish. |
| Source- The Reuters |
 The Centre unveiled a draft scheme for extending the affordable air travel programme UDAN to international circuits, with state governments identifying the routes for operation. The draft International Air Connectivity (IAC) scheme envisages to increase the international ticketing to 20 crore by 2027. According to the draft scheme, state governments will identify the routes to be connected, and airline operators will assess demand on the identified routes and submit proposals for providing connectivity. Operations under the scheme will be permitted through fixed-wing aircraft only with more than 70 seats. |
| Source- Business Standard |
 The Indian economy is expected to grow by around 7.5% in 2018 and 2019 as it is largely resilient to external pressures like those from higher oil prices, according to Moody's Investors Service. In its Global Macro Outlook for 2018-19, Moody's stated the run-up in energy prices over the last few months will raise headline inflation temporarily but the growth story remains intact as it is supported by strong urban and rural demand and improved industrial activity. Moody's put G-20 growth at 3.3% in 2018 and 3.1% in 2019. The advanced economies will grow 2.3% in 2018 and 2% in 2019, while G-20 emerging markets will remain the growth drivers at 5.1% in both 2018 and 2019. |
| Source- The Economic Times |
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