 Former Australian cricketer Justin Langer has been appointed as Australian cricket team's head coach for all three formats. Langer replaces Darren Lehmann, who had stepped down after Australia's tour of South Africa amid the ball-tampering controversy. The 47-year-old, who represented Australia in 105 Tests, will begin his four-year term ahead of limited-overs series against England in June. |
| Source- The Guardian |
 Stepping up its crackdown on money laundering and round-tripping, SEBI recently came out with a detailed framework for risk-based Know Your Customer (KYC) documentation of foreign portfolio investors (FPIs). Among other things, the market regulator made it clear that non-resident Indians (NRIs), overseas citizens of India (OCI) and resident Indians cannot be beneficial owners of FPIs. NRIs and OCIs can only obtain an FPI licence on condition that they limit their roles to investment advisors and do not invest their money. Sebi further sought a comprehensive list of beneficial owners from the existing FPIs within six months. |
| Source- Business Standard |
 The bilateral trade between India and China through Nathu La border has resumed. The announcement in this regard was made by the General Secretary of the Indo-China Border Traders’ Welfare Association, Tenzing Tsepel. Trade between India and China through Nathu La border, located at a height of 14,200 feet, resumed in 2006, 44 years after it was closed. As per the agreement, both countries agreed the list of items to 36 as export items and 20 as import items. |
| Source- AIR World Service |
 The first Finance Minister in the Left Front government in West Bengal Ashok Mitra passed away in Kolkata. He was 90. Besides serving the State Government, he also worked with the Central Government as the Chief Economic Adviser and was a member of Rajya Sabha. |
| Source- The Hindu |
 The 15th Pravasi Bharatiya Divas will be held in the holy city of Varanasi in January 2019 with the Indian diaspora having an option to participate in Kumbha Snan and attend the Republic Day parade in New Delhi.
This year’s event would be inaugurated by PM Narendra Modi and his Mauritian counterpart Pravind Jugnauth. Organised by the Ministry of External Affairs in association with the Uttar Pradesh government, the theme of this Pravasi Bharatiya Divas is “Role of Indian Diaspora in building a New India”.
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| Source- The Hindu |
 Telecom Commission approved a proposal for allowing people to make phone calls and use internet services in domestic and international flights in India, with certain riders. Telecom Commission (the highest decision-making body of telecom department) also approved regulator TRAI’s recommendations on internet telephony in its meeting in New Delhi.
Another proposal that received approval entails creation of an ombudsman to deal with telecom grievances. The ombudsman will be set up under TRAI and will require an amendment to the TRAI Act.
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| Source- DD News |
The government has released the draft of the new Telecom policy named National Digital Communications Policy, 2018. The policy aims at creating 40 lakh new jobs by 2022, attracting 100 billion US dollars investment in the sector and ensuring broadband coverage at 50 mbps for every citizen. The draft proposes one Gbps connectivity to all Gram Panchayats by 2020 and 10 Gbps by 2022. It also proposes to address woes of the Telecom sector by reviewing licence fees, spectrum usage charges, universal service obligation fund levy for enhancing ease of doing business in the sector.
In a new start, the Dominican Republic and China had established diplomatic relations as the Caribbean country becomes the latest nation to dump Taiwan in the face of Beijing's growing influence. With this, Dominican Republic has broken a 77-year alliance with Taiwan.
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| Source- DD News |
 The Union Cabinet has given the approval to accede to the Protocol under World Health Organization (WHO) Framework Convention on tobacco control to eliminate illicit trade in tobacco products. It will be applicable to both smoking and chewing or smokeless tobacco (SLT) forms as negotiated and adopted under Article 15 of the World Health Organization Framework Convention on Tobacco Control (WHO FCTC). India is a party to WHO FCTC. |
| Source- Press Information Bureau (PIB) |
 Minister of Commerce and Industry and Civil Aviation, Suresh Prabhu, attended India- South Africa business summit in Johannesburg, South Africa. The visit began with a series of bilateral meetings. The Minister highlighted the historical relations between India and Swaziland, Botswana and Lesotho and pledged to take the economic partnership forward. The Minister also met members of India-South Africa CEOs forum who expressed confidence in the Government of India’s efforts to strengthen India-Africa relations. Mr Prabhu inaugurated a multi-sectoral exhibition at Johannesburg. |
| Source- Press Information Bureau (PIB) |
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