National Affairs: President Ram Nath Kovind formally inaugurated the Annual Conference of Indian Economic Association at Acharya Nagarjuna University campus near Guntur in Andhra Pradesh .
Chief Minister N Chandrababu Naidu felicitated the President at the event.
Speaking on the occasion, Mr Kovind said, India is one of the fastest growing economies in the world.
The imaginative policy making is required to tackle the inequities in our society.
India to become the world's fifth-largest economy in dollar terms by Next year.
The Centre for Economics and Business Research (Cebr) consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices.
Deputy Chairman of Cebr, Douglas McWilliams said, despite temporary setbacks, India's economy has still caught up with that of France and the UK and next year, will overtake both of them.
Sectoral regulator IRDAI issued regulations for insurance firms to carry out offshore business from Gujarat-based GIFT International Financial Services Centre (IFSC).
With this, Insurance operations will get a major boost.
Under the regulations, for the first time in the country, foreign insurers are permitted to open IFSC Insurance Office (IIO) at GIFT IFSC.
GIFT IFSC already hosts three major insurance players, GIC Re, New India and ECGC.
The Directorate General of Civil Aviation (DGCA) allowed Hindustan Aeronautics Ltd (HAL)- manufactured Dornier 228 to be used for civilian flights.
The 19-seater aircraft has, till now, been used by defence forces and is the first plane to be made in the country for commercial flights.
HAL can sell this plane to airlines in India and it can be used by them for regional flights under the Indian government's ambitious UDAN (Ude Desh Ka Aam Naagrik) scheme.
Smartphone manufacturer Samsung launched its 'Bill Payments' on its flagship payments service, Samsung Pay in partnership with Axis Bank.
With the introduction of 'Bill Payments', consumers will be able to pay their utility bills seamlessly through Samsung Pay, set reminders and search favourite biller based on their current location.
The Government of India and the World Bank signed a $318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies to improve water management practices and increase market opportunities for small and marginal farmers.
About 500,000 farmers, of which a majority are small and marginal, are expected to benefit from improved and modernized tank irrigation systems.
The $318 million loan from the IBRD has a 5-year grace period and a maturity of 19 years.
Uttar Pradesh launched a free household power connection scheme for the poor in the state to mark former prime minister Atal Bihari Vajpayee’s birth anniversary.
The government has a target of covering 16 million by 2018-end, driven by Yogi Adityanath government’s motto ‘Prakash hai to Vikas hai’ (the barometer of development is light).
The government has also introduced Kisan Uday Yojana, a novel scheme for farmers.
The scheme would cover 10 lakh farmers by 2022, would lead to 35 percent saving on power consumption.
Senior BJP leader Jai Ram Thakur took oath as the 6th Chief Minister of Himachal Pradesh.
The swearing-in ceremony was held at the historic Ridge Ground of Shimla.
He has replaced Virbhadra Singh.
A five-time MLA, Mr Thakur won Siraj Assembly seat of Mandi district this time. Governor Aacharya Devvrat administered the oath of office and secrecy to Mr Thakur. Prime Minister Narendra Modi was also present at the swearing-in ceremony.
This was the first time when the Prime Minister attended the oath-taking ceremony of the Chief Minister in the state.
Saudi Arabia is hosting a world chess tournament for the first time, nearly two years after the country’s top cleric issued a religious edict against playing the board game.
The tournament has been named as the King Salman World Rapid and Blitz Chess Championships.
The world’s top three chess players from Norway, Armenia and Azerbaijan are participating in the tournament.
Agri service solutions provider Sohan Lal Commodity Management (SLCM) having operations across India and Myanmar has tied up with HDFC Bank and IndusInd Bank to provide collateral management services.
This tie-up will not only help improve the farmers' access to post-harvest credits at affordable interest rates, it will also provide easy access to scientific storage facilities leading to a fair price discovery of their products in the market.
Amazon bought an Andover, Massachusetts-based company 'Blink' that makes Internet-connected doorbells and security cameras.
The move could help Amazon compete in the fast-growing home security camera market and against similar devices made by Nest, a subsidiary of Google parent company Alphabet.
Indian boxers have claimed three gold, a silver, and a bronze medal at the Galym Zharylgapov Boxing Tournament in Karaganda, Kazakhstan.
In the event, the country’s Gold Medal winners were K Shyam Kumar in 49kg, Naman Tanwar in 91kg and Satish Kumar in the 91kg category claimed gold medals.
The19-year-old Naman Tanwar was also adjudged the best boxer of the tournament.
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