 The Union Finance Ministry has tied up with 40 entities including Flipkart, Swiggy, Patanjali and Amul for extending loans to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY). In order to identify people who can be given funds under the Pradhan Mantri Mudra Yojana (PMMY), the ministry has organised an event in Mumbai to extend loan under the scheme. The CEOs of various Banks, senior officials in the rank of MD or CEO from Oil Companies, Railway Board would be part of the event. |
| Source- Business Standard |
 The JD(S)-Congress coalition government head HD Kumaraswamy was sworn-in as the New Chief Minister of Karnataka. Governor Vajubhai Vala administered the oath of office and secrecy to Kumaraswamy. Congress Leader G. Parameshwara was sworn in as Deputy Chief Minister. There are 221 elected members in the Legislative Assembly, and the coalition partners have 117 members, including one BSP and two independents. |
| Source- DD News |
 State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) has appointed Pravin L. Agrawal as a part-time official director on its board. An Indian Forest Service officer, Agrawal is presently joint secretary in the Department of Heavy Industry (DHI), Ministry of Heavy Industries and Public Enterprises. |
| Source- The Moneycontrol |
  Commonwealth gold medal winning table tennis star Manika Batra and weightlifter Mirabai Chanu have signed multi-year agreements with sports management firm IOS. IOS will now manage their endorsements, appearances, brand profiling, patents, licensing and digital rights, images, and visibility on social networking sites. With this deal, Manika and Mirabai join the likes of boxing stars MC Mary Kom, Vijender Singh and Saina Nehwal on the IOS roster. |
| Source- India Today |
 Polish author Olga Tokarczuk has won the Man Booker International Prize for her novel ‘Flights’. The novel, translated by Jennifer Croft, interweaves narratives of travel with explorations of the human body. It bagged the 67,000 US dollar prize after topping a shortlist of six titles, with Tokarczuk becoming the first Polish writer to win the award. The awards were announced at a ceremony in London. The head judge of the awards was Lisa Appignanesi. |
| Source- BBC News |
 Home Minister Rajnath Singh has announced that the family of a paramilitary jawan who dies in action will be given a minimum compensation of one crore rupees. The Home Minister presented gallantry awards to BSF jawans and officers. |
| Source- AIR World Service |
 Rajasthan Government has launched new software called Nidaan for disease monitoring and strengthening tele-medicine services in the government hospitals. The software will help for providing presumptive diagnosis and monitoring of seasonal and non-communicable diseases as well as trends of ailments found in specific areas. |
|
 NITI Aayog vice-chairman Rajiv Kumar exuded confidence that Indian economy will achieve 9% growth rate on sustained basis by 2022 on the back of reforms like GST, demonetisation and the Insolvency and Bankruptcy Code (IBC). |
| According to Mr Kumar, Indian economy grew by 6.6% in 2017-18 and expected to grow at 7.5% this fiscal. |
| Source- AIR World Service |
 State Bank of India (SBI), the country's biggest lender, reported a loss of Rs. 7,718 crore in the January-March quarter, hurt by higher provisions for bad loans. The loss for the three months to March 31 was deeper than the expected Rs. 1,285 crore on average by 16 analysts, according to Thomson Reuters data. |
| SBI shares rallied after the results were announced. Shares were up 5% at Rs. 256 in afternoon trade. Gross bad loans as a percentage of total loans rose to 10.91% from 10.35% three months earlier and 6.90% a year prior. |
| Source- DD News |
 Indian Air Force Chief Marshal Birendra Singh Dhanoa left to Israel on a four-day tour of the country. In Israel, the Chief of the Air Staff will be attending a conference on ‘Air Superiority as a Bridge to Regional Stability’. The conference is part of the Israel Air Force’s 70th-anniversary celebrations.
According to the Ministry of Defence, the conference will enable strategic dialogue between Israel’s highest leadership, innovative thinkers and the invited Air Force Commanders.
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| Source- The Statesman |
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