 An MoU was signed between the Indian Army and HDFC Bank on the Defence Salary Package. The first MoU between HDFC Bank and the Indian Army was signed in 2011 and was renewed in Mar 2015. The current MoU is tailor-made to suit the requirements of serving soldiers, pensioners and families. Under the current MoU apart from other benefits the Army personnel will get free personal accident death cover and free permanent disability cover of Rs 30 lakhs, free educational cover of upto Rs 1 Lakh per year for four years for education of dependent child in case of accidental death of defence personnel and 100% processing fees waived for Car Loans and Personal Loans. |
| Source- Press Information Bureau (PIB) |
 The 21st edition of the Commonwealth Games will begin in Gold Coast, Australia, with a colourful opening ceremony. This will be a momentous day for the city as the biggest event in its history begins. Carrara Stadium has been chosen as the venue to host the opening ceremony. These Games will mark the 5th time that Australia has hosted the games. India will be represented at the opening ceremony by a contingent of over 200 athletes who will be led by flag-bearer P V Sindhu. |
| Source- DD News |
_3.PNG) According to report released by global startup ecosystem map Startupblink, India was ranked 37th out of 125 countries in global startup ecosystem in 2017. Startupblink is a global startup ecosystem map with tens of thousands of registered startups, coworking spaces, and accelerators. The list, measuring startup ecosystem strength and activity, was topped by the United States followed by the United Kingdom. |
| Source- DD News |
 With the beginning of the financial year 2018-19, the e-way Bill System for Inter-State movement of goods comes into force. Under this system businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over Rs 50,000 from one state to another. |
| Source- DD News |
 Ride-hailer Ola has acquired Mumbai-based Ridlr, an end-to-end public transport ticketing and commuting app. The acquisition will complement Ola’s efforts to integrate its mobility platform with public transportation infrastructure. Founded in 2012, Ridlr enables users to search and book public transport options on their mobile phones. |
| Source- The Hindu |
 SoftBank has signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India. GCL will invest for a 40% stake in the joint venture, with SoftBank taking the rest. The project will have a 4 gigawatt-capacity and will produce solar ingots, silicon wafers, batteries, and components. |
| Source- Bloomberg.com |
 A world-class interpretation centre and other tourist facilities for visitors were inaugurated at the Konark Sun Temple, Odisha. It coincided with Utkal Diwas, Odisha's foundation day. The facilities were inaugurated by the Union Petroleum Minister Dharmendra Pradhan. |
| Source- Business Standard |
.png) Reliance Industries Chairman and Managing Director Mukesh Ambani has been ranked 19th on Bloomberg Billionaires Top 100 Index as he becomes the third richest Asian on the list. With a net worth of approximately $38.3 billion, Ambani’s wealth is pegged at about over 1.5 percent of India’s GDP. While Amazon CEO Jeff Bezos has added $21.8 billion to his fortunes this year and takes the top spot, Microsoft founder Bill Gates was ranked 2nd. From Asia, Alibaba co-founder Jack Ma (ranked 13th) is the richest with a net worth of $47.2 billion and is followed by Tencent co-founder and CEO Pony Ma (17) with a $41.1 billion net worth. |
| Source- Bloomberg.com |
 The state government of West Bengal introduced a new scheme called ‘Rupashree’ in order to provide marriage assistance to girls coming from economically weaker families with a budgetary allocation of Rs 1500 crore. The scheme proposes to extend one-time financial assistance worth Rs 25,000 to the family of the girl whose annual income is up to Rs 1.5 lakh. The monetary assistance will be provided at the time of marriage after the girl has attained the age of 18 years. |
| Source- The Indian Express |
 Defence Minister Nirmala Sitharaman is in Russia to attend the 7th Moscow Conference on International Security. This is her first visit to Russia in her capacity as the Defence Minister. During her three-day tour, she will meet her Russian counterpart Army General Sergei Shoigu and other senior leaders. |
| Source- Air World Service |
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