 Government e-Marketplace signed an MoU with Union Bank of India. As per the MoU, UBI will be able to offer an array of services including transfer of funds through GeM Pool Accounts, advising of Performance Bank Guarantees and Earnest Money Deposit to the registered users on the GeM portal. The MoU will facilitate a cashless, paperless and transparent payment system on the portal and will create an efficient procurement system for government entities. GeM is an initiative of the Government of India offering one stop platform facilitating online procurement of common use goods and services required by various government departments, organisations, Public Sector Units. |
| Source: The Press Information Bureau |
 Moody, the rating agency has lowered its 2019-20 GDP growth forecast for India to 5.8% from 6.2%. It stated that the Indian economy is experiencing a pronounced slowdown partly due to long-lasting factors. |
| Source: The Live Mint |
 Legendary saxophonist and the Padma Shri awardee Kadri Gopalnath passed away. The Carnatic music maestro won multiple awards in his illustrious career, including the Kendra Sangeetha Nataka Academy Award and Karnataka Kalashree. He had the distinction of being the first Carnatic musician to be invited in the BBC Promenade concert in the Royal Albert Hall at London in 1994. |
| Source: The Hindu |
 The Maharashtra and Goa Circle of the India Post is celebrating National Postal Week. The postal circle is observing the National Postal Week in each of the six regions under its jurisdiction – Mumbai, Navi Mumbai, Pune, Nagpur, Aurangabad and Goa. The week is being celebrated to spread awareness about services provided by the department and efforts made to meet changing requirements of customers. The week also commemorates the establishment of the Universal Postal Union in 1874 in the Swiss capital Berne. |
| Source: The Business Standard |
 Union Minister Nityanand Rai has launched a Government Railway Police’s website “railways.delhipolice.gov.in” and a mobile application “Sahyatri”. The database of criminals, including their photographs, active in railways’ jurisdiction all over India would be uploaded on the Railway police’s website. It will also have the facility to scan and read QR codes and make an emergency call. The Sahyatri app will help railway passengers find out the jurisdiction of a police station and the details of GRP officials by geo-tagging with Google Maps. It will also help the railway police in addressing complaints of passengers from across India and crime detection by integrating the criminal database online. |
| Source: The Hindu |
 The 38th India Carpet Expo will be held in Varanasi, Uttar Pradesh. The expo will be organized by the Carpet Export Promotion Council (CEPC). The India Carpet Expo aims to promote the cultural heritage and weaving skills of Indian hand-made carpets and other floor coverings for the visiting overseas carpet buyers. India carpet expo also acts as a platform for international carpet buyers, buying houses, buying agents, architects and Indian carpet manufacturers and exporters to meet and establish business relationship. |
| Source: The Press Information Bureau |
 SARAS Aajeevika Mela has begun at India Gate Lawns, in New Delhi. It has been organized by the Ministry of Rural Development under the initiative of the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission. It aims to bring the rural women Self Help Groups (SHGs) formed with support of DAY-NRLM, under one platform to show-case their skills, sell their products and help them build linkages with bulk buyers. Over 200 stalls have been set-up at the Mela venue, where nearly 500 rural SHG craftswomen from 29 States and UTs will show-case varied range of products like handicrafts, handlooms, natural food products and a food court with regional cuisines at India Gate Lawns. |
| Source: The Press Information Bureau |
 The Reserve Bank of India has rejected the merger proposal of Indiabulls Housing Finance and Lakshmi Vilas Bank. RBI has rejected the application for voluntary amalgamation of Indiabulls Housing Finance Ltd. and Indiabulls Commercial Credit Ltd. with the Lakshmi Vilas Bank Ltd. The merger was crucial for Lakshmi Vilas Bank as it is now under the prompt corrective action framework of the RBI due to a high level of bad loans and insufficient capital. |
| Source: The Hindu |
 A team of astronomers has discovered a haul of 20 new moons orbiting the ringed planet, Saturn. This discovery has brought its total to 82 moons, while Jupiter, by contrast, has 79 natural satellites. The moons were discovered using the Subaru telescope on Maunakea, Hawaii. Each of the newly discovered objects in orbit around Saturn is about 5 km in diameter and 17 of them orbit the planet “backwards” i.e. retrograde direction. The other three moons orbit in a prograde direction i.e. the same direction as Saturn rotates. Dr Scott Sheppard of the Carnegie Institution for Science in Washington DC led the team of astronomers including David Jewitt of University of California, Los Angeles (UCLA), and Jan Kleyna of the University of Hawaii. |
| Source: The BBC |
 GEMINI is a portable receiver developed to avoid communication blackouts. It linked to ISRO-satellites and is “fail-proof” and warn fishermen of danger. The Indian National Centre for Ocean Information Services collaborated with Accord, a private company, to develop a box-shaped receiver that has an antenna and in-built battery that can last 3 to 4 days. GEMINI works on GAGAN, developed by ISRO and the Airports Authority of India and is an India-made global positioning system and relies on the positioning system by ISRO’s GSAT satellites. When GEMINI is connected to an app, it also lets fishermen know the probability of fish-catch in the surrounding seas. |
| Source: The Hindu |
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