 The Union Cabinet approved the promulgation of the Fugitive Economic Offenders Ordinance 2018, which would empower the government to seize the domestic assets of those deemed by a relevant court to be fugitive economic offenders. The Ordinance has a provision for a ‘Special Court’ under the Prevention of Money-laundering Act, 2002 to declare a person as a Fugitive Economic Offender. |
| Source- The Hindu |
.PNG) SJVN Limited has signed an MoU with Ministry of Power for the year 2018-19. The MoU was signed by Ajay Kumar Bhalla, Secretary (Power) and Shri Nand Lal Sharma, Chairman & Managing Director, SJVN. As per the targets set in the MOU, SJVN shall strive to achieve 9200 Million Units generation during the year under ‘Excellent’ category. Further, SJVN will have Capital Expenditure (CAPEX) target of Rs. 900 crore and Turnover target of Rs. 2175 crore under the Excellent category. |
| Source- Press Information Bureau (PIB) |
 Prime Minister Narendra Modi held bilateral talks with German Chancellor Angela Merkel and discussed ways to further strengthen the strategic partnership between the two countries. It was third and the last leg of Modi’s three-nation tour to the UK, Sweden and Germany. |
| Source- The Financial Express |
 The 16th Federation Cup Junior National athletics championship has begun in Coimbatore, Tamil Nadu.Over 800 athletes from 32 states across the country will take part in this tournament. The meet will serve as the selections trials for the 18th Asian Junior Athletic Meet to be held at Gifu, Japan, in June. The three-day event will see 440 boys and 352 girls in the age group of 16 to 20 years take part in 44 events. |
| Source- DD News |
 Minister of State for Parliamentary Affairs Vijay Goel inaugurated the new office of Central Project Monitoring Unit for the e-Vidhan project of the Government at the Parliament House Annexe. This was done as a part of Swachhata Pakhwada being observed by the Ministry of Parliamentary Affairs. e-Vidhan is a part of the broader Digital India Programme of the Government and is likely to contribute to the cleanliness and environment by reducing the use of papers to a great extent. |
| Source- AIR World Service |
 Vice President M. Venkaiah Naidu inaugurated the two-day Civil Services Day event in New Delhi. The Day focuses on the topic ‘Evolving Strategies for Transforming Aspirational Districts’. The Vice President also released a book 'Emulating Excellence- Takeaways for Replication'. The day is celebrated for the civil servants to rededicate themselves to the cause of citizen and renew their commitments to public service and excellence in work. |
| Source- DD News |
 The Commonwealth countries have unanimously agreed to take action on cybersecurity by 2020. In a landmark declaration at the end of Commonwealth Heads of Government Meeting (CHOGM) in London, the leaders of 53 countries agreed to work closely to evaluate and strengthen their cybersecurity frameworks and response mechanisms. A release issued, termed the declaration as the world's largest and most geographically diverse inter-governmental commitment on cybersecurity cooperation. It followed an announcement by the UK government pledging up to 15 million pounds to help the Commonwealth nations strengthen their cybersecurity capabilities. |
| Source- DD News |
 'Son of Dreams' was unveiled as official Mascot of the FIBA Basketball World Cup 2019 in China. The selection of Son of Dreams as China 2019's Official Mascot was the culmination of a unique process by FIBA. The mascot finalists were Chinese dragon ('Son of Dream'), a Siberian tiger ('Speed Tiger') and a lion ('Qiu Qiu'). For the first time, there are 32-team in FIBA Basketball World Cup. The tournament will take place in eight Chinese cities from August 31 until September 15. |
| Source- The Quint |
 In India, Bangalore has emerged as the most preferred city for office expansion, according to a survey by real estate consulting firm, CBRE South Asia. MNCs are focusing on expanding in Bangalore and smaller cities across the country, but have limited growth plans in the Delhi NCR and Mumbai, according to the CBRE Asia Pacific Occupier Survey 2018. |
| Source- The Hindu |
 Private sector lender Yes Bank has received the Reserve Bank of India’s (RBI) approval to open two representative offices in London and Singapore. Yes Bank opened its first representative office in Abu Dhabi in April 2015 and also launched IFSC banking unit (IBU) at GIFT City, Gandhinagar, in the same year. |
| Source- The Hindu |
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