 In line with the efforts to indigenize the defence sector under the 'Make in India' initiative, Larsen & Toubro (L&T) and Bharat Electronics Limited (BEL) signed an MoU to cater to the needs of evolving domestic and export markets for defence products and systems. The MoU seeks to leverage the capabilities of both the firms for meeting the growing requirements of the Indian Armed Forces. The MoU also intends to leverage the well-developed supply chain, vast experience and expertise of BEL and L&T to synergise and enhance exports in the defence sector. |
| Source- Business Standard |
 State-run Punjab National Bank (PNB) launched new products such as pre-approved credit card and UPI solution to mark its 124th foundation day. Besides, the bank announced its UPI partnership with the expense management app WALNUT that comes embedded with features such as bill reminders, bill-split and instant paperless loans. |
| Source- Business Standard |
 Shuttler Saina Nehwal defeated world number three PV Sindhu in the first-ever all-Indian women's singles final at the Commonwealth Games. With this, Nehwal claimed her second Commonwealth Games singles gold medal after having won it at the 2010 Delhi Games. Nehwal is the only Indian female badminton player to win singles gold in Commonwealth Games history. |
| Source- The Indian Express |
 Aiming to contribute towards the economic and sustainable development of communities, the National Skill Development Corporation (NSDC) signed an MoU with the Nuclear Power Corporation of India Limited (NPCIL) to provide skill training to 500 youth and women at Kudankulam in Tamil Nadu. The skill development project will be executed by NSDC through its approved training partners near Kudankulam Nuclear Power Project (KKNPP), the single largest nuclear power station in India, situated in the Tirunelveli district of the southern Indian state of Tamil Nadu. |
| Source- ANI News |
.jpg) India Mobile Congress will be held in October 2018 at Aerocity in New Delhi. It is one of the biggest marquee Mobile, Internet and Technology events in Asia, organized by Department of Telecommunications and Cellular Operators Association of India. According to the Minister of State for Communications Manoj Sinha, the event is an excellent platform for policymakers, industry and regulators to engage in meaningful deliberations to drive the future direction of this important sector. |
| Source- AIR World Service |
 National E-Repository Limited (NERL), a group company of National Commodity and Derivatives Exchange Limited (NCDEX ), has brought in ICICI Bank and HDFC Bank on board as the repository participants for pledge finance. NERL has signed the agreement with both the banks where they will offer pledge finance against eNWRs created on NERL’s repository platform commodities stored in warehouses registered with Warehousing Development and Regulatory Authority (WDRA). ICICI Bank (also a key shareholder with NERL) and HDFC Bank have now been empanelled as repository participants – pledgee with NERL. |
| Source- The Hindu |
 The Reserve Bank of India tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which an individual can transfer up to USD 2,50,000 abroad in a year. The LRS transactions are currently permitted by banks based on the declaration made by the remitter. The monitoring of adherence to the limit is confined to obtaining such a declaration without independent verification, in the absence of a reliable source of information. Under the LRS, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transaction or a combination of both. |
| Source- Business Standard |
 Home Minister Rajnath Singh launched the web-based application e-FRRO (e-Foreigners Regional Registration Office) scheme under which foreigners can avail, various visa and immigration-related services online. This will facilitate hassle-free travel to India for foreigners. As per the Home Ministry, the e-FRRO scheme is aimed at building a centralised, transparent online platform for foreigners to avail of visa-related services. It will provide faceless, cashless and paperless services to the foreigners with a user-friendly experience. |
| Source- DD News |
 India and Russia signed 7 MoUs at Defence Expo at Chennai, Tamil Nadu. These MoUs were signed between the Indian Private Defence sector manufacturing companies and Russian Original Equipment Manufacturers (OEMs) for manufacture, development of spares, sub-assemblies and assemblies of identified Russian origin platforms. The MoUs were signed during third India-Russia Military-Industrial Conference held on the sidelines of DefExpo 2018. |
| Source- AIR World Service |
 Shooter Sanjeev Rajput won the men's 50m Rifle 3 Positions with a Games record at the 2018 Commonwealth Games to seven. The gold was Rajput's third successive medal at the CWG, after having bagged silver and bronze in the 2014 and 2010 editions respectively. India's Chain Singh stood fifth in the same event. |
| Source- The Indian Express |
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