| News headline | Detalis of the news | Trick | |
|---|---|---|---|
| 1 | Govt proposes Payments Regulatory Board in RBI | Finance Minister Arun Jaitley has proposed a creation of a six-member Payments Regulatory Board in the RBI, headed by RBI Governor Urjit Patel as part of bringing about structural reforms in the payment eco-system. | RBI - have payments regulatory board |
| 2 | Govt to launch new scheme called TIES to fund export infrastructure | Exporters body Federation of Indian Export Organisations (FIEO) said the scheme Trade Infrastructure for Export Scheme (TIES) will help create modern infrastructure like last mile connectivity to ports, testing labs and certification centres. | TIES - reducing transaction costs for traders. |
| 3 | Govt to set up dairy development fund with corpus of Rs 8,000 cr | To augment income of farmers budget has proposed setting-up of a Dairy Processing and Infrastructure Development Fund with a corpus of Rs 8,000 crores over three years. | DAIRY development fund - 8000 cr |
| 4 | Moussa Faki Mahamat appointed as new African Union (AU) head | Chadian foreign affairs minister Moussa Faki Mahamat has been elected as the head of African Union (AU) Commission. He will replace Nkosazana Dlamini-Zuma | African Union (AU) head - Moussa Faki Mahamat |
| 5 | Agri credit raised to record Rs 10 lakh crore in Financial Year 2018 | The target for agricultural credit in 2017-18 has been fixed at a record level of Rs 10 lakh crore, Jaitley stated in his Budget speech.The government provides short-term crop loans up to Rs 3 lakh at subsidised interest rate of 7% per annum. An additional incentive of 3% is provided to farmers for prompt repayment of loans within due date, making an effective interest rate for them at 4%. The Finance Minister noted that the agriculture sector is expected to grow at 4.1% the current financial year on good monsoon. | Agri credit - 10 lakh crore |
| 6 | US House of Representatives Introduces H-1B Visa Reform Bill | The US House of Representatives has introduced a legislation by making it mandatory to raise the minimum salary of the H-1B visa holders to more than double at USD 1,30,000 from the previous USD 60,000. If the legislation is passed, it would highly impact American companies as they may face difficulty in replacing the American employees with foreign workers including IT professionals from India | Us house - H-1B visa reform bill |
| 7 | UNICEF launches 3.3 bln USD to aid millions of children | UN children's agency UNICEF has launched an appeal for 3.3 billion US Dollar to help 48 million children caught up in crises worldwide amid fears of a funding cut from top donor the United States. This year's appeal represents a 18 per cent increase from the initial request for funding in 2016 | UNICEF - 3.3 billion USD |
| 8 | The Union Budget has allocated Rs. 10,000 crore to PSB recapitalisation | The Union Budget has allocated Rs. 10,000 crore towards recapitalisation of public sector banks in FY2017-18. Under Indradhanush roadmap announced in 2015, the government stated to infuse Rs. 70,000 crore in state banks over four years while they will have to raise a further Rs. 1.1 lakh crore from the markets to meet their capital requirement in line with global risk norms, known as Basel—III. | PSB recapitalisation - 10,000 crores |
| 9 | Surajkund International Crafts Mela started in Faridabad | The 31st edition of Surajkund International Crafts Mela started with amid tight security. 20 countries will participate in this mela. | Surajkund crafts mela -faridabad |
| 10 | PM Theresa May receives UK Parliament's approval to begin Brexit process | UK Prime Minister Theresa May has received Parliament's first stage approval to begin the process of Britain's exit from the European Union (EU) after winning a crucial vote in the House of Commons. | Theresa may - gets approval - for brexit |
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