 The Supreme Court held that Lieutenant Governor does not have independent decision-making powers,and is bound to act on the aid and advice of the Council of Ministers. The apex court was ruling on a batch of appeals filed by the Delhi government challenging the Delhi High Court’s order holding the LG as the administrative head of the national capital. The judgement pronounced in the court by Chief Justice Dipak Misra, who was heading a five-judge Constitution bench, also held that the LG cannot act as an "obstructionist". |
| Source- DD News |
 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 |
 The Union Cabinet approved proposal of renaming Agartala Airport in Tripura as ‘Maharaja Bir Bikram Manikya Kishore Airport, Agartala. The decision comes in the wake of long pending demand of people of Tripura as well as Government of Tripura for paying tribute to Maharaja Bir Bikram Manikya Kishore. |
|
|
 Madhya Pradesh Government has Sambal Yojana, an outstanding power bill waiver scheme and subsidised power scheme for labourers and poor families. Under this scheme, Below Poverty Line (BPL) families and registered labourers of unorganised sector from the state will be provided electricity at cost of Rs 200 per month, |
|
 Union minister of chemicals and Fertilisers Ananth Kumar announced that the country’s first e-waste recycling unit will come up in Bengaluru, Karnataka. The unit, to be set up by the ministry, is likely to be ready in four months, and is in keeping with the Swachh Bharat Abhiyan drive. A 2016 study by Assocham and KPMG ranked India among the top five countries in e-waste generation,with an estimated 1.85 million tonnes generated annually. According to the study, computers comprised 70% of the total e-waste and telecommunication equipment accounted for 12%. Bengaluru ranked third after Mumbai and Delhi and generated nearly 92,000 tonnes of e-waste annually. |
| Source- The Times of India |
 The government has decided to sharply increase the Minimum Support Price (MSP) for Kharif crops, as it responds to concerns about distress in the country’s farm economy despite two years of strong monsoons. The MSP for common variety paddy, the most important Kharif crop, will be raised by Rs 200 over last year’s Rs 1,550 per quintal. That works out a 13%t increase for the financial year ended March 2019 compared to a 5.4% increase in FY18. The year-on-year jump in MSP for most other Kharif crops has also been far steeper than the annual increases announced over the last three years. |
| Crop | FY16 | FY17 | FY18 | FY19 |
|---|---|---|---|---|
| Paddy | 3.70 | 4.30 | 5.40 | 12.90 |
| Jowar | 2.60 | 3.50 | 4.60 | 42.90 |
| Bajra | 2 | 3.50 | 7.10 | 36.80 |
| Maize | 1.10 | 3 | 4.40 | 19.30 |
| Ragi | 6.50 | 4.50 | 10.10 | 52.40 |
| Source- The Bloomberg |
 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows- |
| The Cabinet has approved- |
|
|
| Source- Press Information Bureau (PIB) |
 NITI Aayog, in collaboration with various ministries and industry partners, is organising ‘MOVE: Global Mobility Summit’ in New Delhi in September 2018. This Summit will help drive Government’s goals for vehicle electrification, renewable energy integration and job growth and also speed up India’s transition to a clean energy economy. PM Narendra Modi will be inaugurating the Summit, which will be the first Global Mobility Summit of its kind, with over 1,200 expected participants from across the world. The Summit will constitute three designated components – The Conclave, the Expo and the Featured Events. |
| Source- Press Information Bureau (PIB) |
 The 5th Regional Comprehensive Economic Partnership (RCEP) Intersessional ministerial meeting was held in Tokyo, Japan. It was first RCEP ministerial gathering to be held outside ASEAN countries. It was co-chaired by Singapore’s Minister of Trade and Industry Chan Chun Sing and his Japanese counterpart Hiroshige Seko. During the meeting, ministers from member countries had in-depth discussions on issues such as trade, service, investment and rules at the meeting. |
| About Regional Comprehensive Economic Partnership in Brief (RCEP): RCEP is a proposed proposed free trade agreement (FTA) or comprehensive regional economic integration agreement between the 10-ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam) and its six FTA partners (Australia, New Zealand, India, China, Japan and Korea). |
 The Khadi and Village Industries Commission (KVIC) launched its, in-house developed,single-umbrella e-marketing system named Khadi Institution Management and Information System (KIMIS) in New Delhi.The system can be accessed from anywhere in the country for the sale and purchase of Khadi and Village Industries products. This software will give real-time data of sales and will also give the updated status of stocks of khadi bhawans and godowns, allowing better planning and control of inventory of the KVIC. |
| Source- Press Information Bureau (PIB) |
You need to login to perform this action.
You will be redirected in
3 sec
