 The Reserve Bank of India has eased investment norms for Foreign Portfolio Investors (FPIs) in debt, especially into individual large corporates, a move that can help attract more overseas flows and thereby help arrest the recent fall in the rupee. FPIs are allowed to invest in various debt market instruments such as government bonds, treasury bills, state development loans and corporate bonds, but with certain limits and restrictions. The RBI increased the FPIs cap on investment in government security to 30% of the outstanding stock of that security, from 20% earlier. FPIs were allowed to invest in government bonds with a minimum residual maturity of three years. |
| Source- The Economic Times |
 The indigenously upgraded artillery gun Dhanush has successfully completed final user trials and is ready for induction into the Army. Dhanush is an upgraded version of the Swedish Bofors gun procured by India in the mid-1980s. This was the third and final phase of user exploitation firings in which six Dhanush guns were fired in battery formation at the Pokhran field firing range. The first phase of trials were conducted between July and September 2016 at the Pokhran and Babina ranges and the second phase was conducted between October and December 2016 at the Siachen base camp with three guns. |
| Source- The Hindu |
 Noted mimicry artiste Nerella Venumadhav had passed away after a brief illness in Warangal city. He was 85. Venumadhav served as MLC in 1971 in undivided Andhra Pradesh. He rose to international fame after his enthralling performance at the United Nations. He has conferred scores of awards, including the Padma Shri in 2001. |
| Source- The Hindu |
 The 220 MW Unit-1 of Karnataka's Kaiga Generating Systems (KGS-1) set a new record of the continuous operation of 766 days, surpassing the earlier record of 765 days set by the Unit-5 of Rajasthan Atomic Power Station (RAPS-5) in 2014. With this achievement, KGS-1 stands second in the world among the Pressurised Heavy Water Reactors (PHWRs) and fourth among all nuclear power reactors in terms of continuous operation. The unit KGS-1 has been in operation since May 13, 2016. The 220 mw KGS-1 is an indigenous PHWR fuelled by domestic fuel. |
| Source- The Pioneer |
 The World Sustainable Gastronomy Day is observed every year on June 18 across the world. The day acknowledges gastronomy as cultural expression related to natural and cultural diversity of the world. It also reaffirms that all cultures and civilizations are contributors and crucial enablers of sustainable development. |
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 External Affairs Minister Sushma Swaraj has left for a 4-nation tour to Italy, France, Luxembourg and Belgium. On her first leg of the tour, she will visit Italy. It will be the first major political exchange between India and Italy following the swearing- in of Mr Giuseppe Conte as Italy’s new Prime Minister. She will be in France on the second leg and will meet her counterpart, Jean-Yves Le Drian in Paris to review the bilateral relations. Mrs Swaraj will reach Luxembourg on the 3rd leg and she will be visiting Belgium on the last and 4th leg. |
| Source- AIR World Service |
 The World Bank has approved $700 million to help Bangladesh achieve its education for all vision by improving the primary education sector. The Quality Learning for All Program (QLEAP) will cover more than 18 million children studying in pre-primary level to grade 5. It will also finance implementation of the government's Fourth Primary Education Development Program (PEDP4). |
| Source- DD News |
 Muthoot Fincorp Limited announced its partnership with National Skill Development Corporation to train over 10,000 youth over the next three years and make them job ready. With the partnership, Muthoot Fincorp claims to have become the first major private sector player to partner with National Skill Development Corporation (NSDC) to launch the Pradhan Mantri Kaushal Vikas Yojana (PMKVY.2) programme. NSDC has approved a target of 3,000 candidates in the first year and 3,500 each in the subsequent two years. |
| Source- The Times of India |
 Colombia has chosen Ivan Duque to be its next president after a long and divisive campaign that often centred on a controversial peace process with leftist rebels the Revolutionary Armed Forces of Colombia (FARC). Duque, who will turn 42 just before taking office will be Colombia's youngest ever President. |
| Source- The Indian Express |
_5.PNG) The fourth meeting of the Governing Council of NITI Aayog was held under the chairmanship of the PM Narendra Modi at Rashtrapati Bhavan in New Delhi. It was attended by 23 Chief Ministers and the Lieutenant Governor of Andaman & Nicobar Islands, apart from Union Ministers, who are ex-officio members and special invitees. The PM highlighted the importance of the Governing Council of NITI Aayog as a platform to inspire cooperative federalism, stressing the need for effective centre-state cooperation to advance development outcomes and achieve double-digit growth for India. States were called up to fix growth targets for their economies as the world looks towards India soon becoming a USD 5 trillion economy. |
| Source- Press Information Bureau (PIB) |
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