 World Bank Group member IFC (International Finance Corporation) has invested $100 million in Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance). This would enable the Mahindra Group company to augment its growth by extending loans to individuals along with financing small and medium enterprises. The investment in India’s largest tractor financier will be through secured non-convertible debentures. Mechanised farming can cut costs by 25% and raise productivity by 20%, helping meet the Centre’s target of doubling farmers’ incomes by 2022. |
| Source- The Hindu |
 Union Minister of Coal, Railways, Finance & Corporate Affairs, Piyush Goyal launched the Coal Mine Surveillance & Management System (CMSMS) and Mobile Application ‘Khan Prahari’ developed by CMPDI, Ranchi in New Delhi. The basic objective of CMSMS is reporting, monitoring and taking suitable action on unauthorised coal mining activities. The CMSMS is a web-based GIS application through which location of sites for unauthorised mining can be detected. Khan Prahari is a tool for reporting any activity taking place related to illegal coal mining like rat-hole mining, pilferage etc. |
| Source- Press Information Bureau (PIB) |
 The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018. In a significant move, the Insolvency and Bankruptcy Board of India (IBBI) has mandated that a resolution professional should determine whether a corporate debtor had indulged in fraudulent transactions within a specified time period during the resolution process. With the amended norms, there is more clarity on procedural requirements for various classes of creditors, including home buyers. |
| Source- Press Information Bureau (PIB) |
 Prime Minister of Bhutan Dasho Tshering Tobgay arrived in New Delhi on the three-day visit to India.During the visit, Prime Minister of Bhutan will call on President Ram Nath Kovind and hold talks with Prime Minister Narendra Modi. India and Bhutan enjoy unique ties of friendship and cooperation, which are characterized by utmost trust and mutual understanding. This year both countries are commemorating the Golden Jubilee of the establishment of formal diplomatic relations. |
| Source- DD News |
 Chief Election Commissioner of India Mr Om Prakash Rawat, along with the Election Commissioners Sunil Arora and Ashok Lavasa, launched an Android-based mobile application named ‘cVigil’ for citizens to report any violation of the model code of conduct during elections. The app will help voters to share malpractice proof with the authorities. cVIGIL will allow anyone in the election-bound state to report violations of Model Code of Conduct (MCC) that comes into effect from the date of announcement of elections and goes on till a day after the polls. |
| Source- The Times of India |
 The Cabinet Committee on Economic Affairs (CCEA) has approved proposal for expanding the scope of Higher Education Financing Agency (HEFA) by enhancing its capital base to Rs. 10,000 crore and tasking it to mobilise Rs. 1,00,000 crore for Revitalizing Infrastructure and Systems in Education or RISE by 2022. The modalities for raising money from the market through Government guaranteed bonds and commercial borrowings would be decided in consultation with the Department of Economic Affairs. This would enable HEFA to leverage additional resources from the market to supplement equity, to be deployed to fund the requirements of institutions. |
| Source- DD News |
 Uttam Dhillon, an Indian-American top White House lawyer, has been appointed as the new head of the crucial Drug Enforcement Agency that combats the smuggling and use of narcotics in the US. Dhillon replaces Robert Patterson, who has retired after 30 years of service. Dhillon, who till recently worked in the White House as deputy counsel and deputy assistant to President Donald Trump, took up the role of Acting Director of the Drug Enforcement Agency (DEA). |
| Source- The Livemint |
 The world’s first digital art museum opened its doors to the public in Tokyo, Japan allowing patrons to step all the way into the artworks. Attendees are able to move freely through the 9,000-square meter interactive gallery. The exhibition itself is linked in real-time to the real-world seasons, which means that no two trips to the museum will be the same. |
| Source- The Tribune |
 UN Secretary-General Antonio Guterres has appointed a veteran Uruguayan Army official Major General José Eladio Alcain as head of the United Nations mission tasked with monitoring the ceasefire line between India and Pakistan. Major General will be Head of Mission and Chief Military Observer for the United Nations Military Observer Group in India and Pakistan (UNMOGIP). He will succeed Major General Per Gustaf Lodin of Sweden, who will complete his two-year assignment. |
| Source- The Indian Express |
  Payments Council of India (PCI), an apex body representing the companies in the payments and settlement system, has announced the appointment of Vishwas Patel, CEO of Infibeam Avenues, as its new chairman. It has also announced the appointment of Loney Antony, Managing Director, Hitachi Payment Services, as its new co-chairman. He has been associated with PCI ever since its inception in 2013 and was serving as the co-chairman of PCI. He takes over from Naveen Surya, who has been elevated to the post of Chairman Emeritus. |
| Source- The Moneycontrol |
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