 Armies of India and Japan began their first-ever joint military exercise ‘Dharma Guardian- 2018’ at a jungle warfare school in Mizoram’s Vairengte with a focus on strengthening counter-terror cooperation. The focus of the two-week-long exercise will be to enhance tactical skills against global terrorism and increase interoperability between the two forces. The Japanese contingent is represented by 32nd Infantry Battalion, while the Indian side by 6/1 Gorkha Rifles. |
| Source- Press Information Bureau (PIB) |
 The Prime Minister Narendra Modi launched a historic support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector. As part of this programme, the Prime Minister unveiled12 key initiatives which will help the growth, expansion and facilitation of MSMEs across the country. The 12 decisions that he is announced will mark a new chapter for the MSME sector. The OM mentioned the rise in India’s “Ease of Doing Business Rankings,” from 142 to 77 in four years. There are five key aspects for facilitating the MSME sector. These include 1. access to credit, 2. access to market, 3. technology upgradation, 4. ease of doing business, and 5. a sense of security for employees. |
| Source- Press Information Bureau (PIB) |
 An MoU for collaboration in LPG services was signed between Oil Marketing Companies (IOCL, HPCL & BPCL) and CSC e-Governance Services India Limited in presence of Ravi Shankar Prasad, Minister of Law & Justice and Electronics & Information Technology (MeitY) and ShriDharmendraPradhan, Minister of Petroleum & Natural Gas and Skill Development &Entrepreneurship. CSC SPV and OMCs have agreed to facilitate their distributors to avail the following services through Common Services Centers: |
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| Common Services Centre will help beneficiaries to provide the above OMCs service near to their home, accessing through Digital Seva Portal. |
| Source- Press Information Bureau (PIB) |
 The Kirloskar group had announced that it has received licence from the Reserve Bank to launch a non-banking finance company (NBFC), Kirloskar Capital, which will be headed by industry veteran Vimal Bhandari. The group company will invest Rs 1,000 crore in the proposed NBFC, which will be a fully-owned subsidiary of Kirloskar Oil Engines, and will focus on providing growth capital to industry with an initial focus on small and medium enterprises (SMEs). |
| Source- The Hindu Business Line |
 The Indian Institute of Technology Madras has designed and booted up ‘Shakti’, which can be used for wireless and networking systems, as well as mobile computing. ‘Shakti’ is India’s first and indigenous microprocessor. Bluespec, an open-source high-level synthesis language was used in making the chips. The concept to design the chip was germinated in 2011 and some preliminary works were carried out. In 2017, the project gained speed with about Rs 11 crore funding from the Indian government. |
| Source- Times of India |
 Atul Kumar Goel assumed charge as Managing Director and Chief Executive Officer (UCO) of UCO Bank. Prior to this assignment, he was executive director of Union Bank of India. Goel takes over from R K Takkar who completed his three-year tenure on November 1, 2018. |
| Source- The Moneycontrol |
 Tourism minister KJ Alphons along with a delegation of senior officials attended the 109th session of United Nations World Tourism Organization (UNWTO) Executive Council in Manama, Bahrain. The Executive Council will discuss several topics on the agenda that are related to the development of global Tourism sector. During the opening day of the Executive Council meeting, Alphons chaired the ‘Programme and Budget Committee’ meeting of UNWTO. For the first time, UNWTO had a surplus budget and most of the arrears due have been paid. India will be the chair of Programme and Budget Committee of Executive Council till 2021. |
| Source- Press Information Bureau (PIB) |
 The first ever India-US Dialogue on Intellectual Property has been launched in Delhi to deepen bilateral strategic cooperation on IP policy. The dialogue was launched by US Chamber of Commerce’s Global Innovation Policy Center (GIPC) and FICCI in partnership with the US-India Business Council. It will be convened annually, alternating between New Delhi and Washington, DC. |
| Source-Business Today |
 Indian Air Force has organised a two day seminar on ‘Emerging Trends in Aviation Engineering and Logistics’ (AVIAMAT-2018) at Air Force Auditorium, Subroto Park, New Delhi. The Seminar brought together designers, producers, and users of high-tech aviation equipment to discuss the potential of innovative indigenous technologies. |
| Source-India.gov.in |
 The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI. IDFs are investment vehicles for channelling investment into India’s infrastructure sector. IDFC-IFL, with a loan book of Rs 4500 crore, lends to operating infrastructure projects, helping original project financiers to recycle their capital following the commencement of operations. |
| Source- The Economic Times |
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