 Indian Banking Association has issued advisory requesting banks to waive off the processing, documentation, inspection and all other service charges for Kisan Credit Cardand crop loans up to 3 lakh rupees. Agriculture Ministry in a release stated that there are over 21 crore small and marginal farmers in the country and providing them timely and affordable credit is the key to attaining inclusive growth. The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system to the farmers to meet the short term credit requirements for cultivation of crops, investment credit requirements for agriculture and allied activities and other needs. |
| Source: News on AIR |
 Fino Payments Bank (FPB) has announced the launch of a sweep account facility in association with Suryoday Small Finance Bank (SSFB). This partnership will help FPB address the issue of deposit limits that all the payment banks face at the moment. As per the Reserve Bank of India (RBI), payment banks can only take deposits upto Rs1 lakh per account. However the partnership would allow customers to seamlessly transfer the excess amount from their account in FPB to SSFB (partner bank) account. |
| Source- The Hindu Business Line |
 The government appointed Air India chief managing director and Chairperson Pradeep Singh Kharola the secretary of the Ministry of Civil Aviation. Kharola will take over from Rajiv Nayan Choubey. Kharola, an Indian Administrative Services officer of Karnataka cadre from the 1985 batch, was named chairperson of Air India in November 2017. He presided over a turbulent period for the national carrier, which is not doing well financially. |
| Source- The Livemint |
 The State Bank of India’s Uk chief Mr. Sanjiv Chadha has been honored with the ‘Freedom of the City Of London’ by the city of London Corporation in recognition of his contribution to promoting the bilateral relations. Sanjiv Chadha was nominated for the honor by Lord Mayor of London Peter Estlin and Sheriff Vincent Keaveny. Sanjiv Chadha took up the position in 2014 and he will be succeeded by Sharad Chandak. Pt. Jawaharlal Nehru was the previous Indian recipient of this award and other recipient includes author JK Rowling and actor Dame Judi Dench. |
| Source: Business Standard |
 Mr. Dharmendra Pradhan, Union Minister for petroleum and natural gas, inaugurated the 2019 Asia LPG summit in New Delhi. The summit has been organized jointly by the major Indian oil marketing companies (OMCs) Indian Oil, Hindustan Petroleum and Bharat Petroleum together with the World LPG Association (WLPGA) at the Taj Palace Hotel in New Delhi. This is the second edition of the Asia LPG Summit, with the first one having been held in 2017. This two-day event will focus on ‘LPG – Energy for Life.’ India is the 2nd largest consumer of liquified natural gas (LPG) in the world. |
| Source: Energetica-India |
 The second joint secretary level meeting to review the India-Nepal Trade Treatybegun in Pokhara, Nepal. The Indian delegation is headed by Bhupinder Singh Bhalla,Joint Secretary (South Asia), Department of Commerce, while Ravi Shankar Saiju, Joint Secretary, Ministry of Industry, Commerce and Supplies is leading the Nepalese side. During the two day meeting, India will respond to Nepal’s proposal of updating treaty submitted in the first meeting held in August last year. Both sides will also deliberate upon various bilateral trade issues including ways to reduce Nepal’s trade deficit with India. |
| Source- DD News |
 India and Germany have joined hands for cooperation on Water and Waste Management. During the meeting of 3rd Indo-German Working Group for cooperation on water and waste management which concluded in New Delhi, both sides discussed potential cooperation in this area. Both sides decided to work on developing reference documents for the textile sector, Water Governance, Marine Litter, waste to energy landfill sites, water quality management, training and capacity building of local bodies and Circular Economy. |
| Source- AIR World Service |
 Indian Coast Guard and the Airport Authority of India (AAI) signed a Memorandum of Understanding at Coast Guard Regional Headquarters in Port Blair in the presence of Inspector General Maneesh Vishal Pathak, Commander Coast Guard Region (Andaman and Nicobar Islands) for coordination in the aeronautical and maritime search and rescue operations. The MoU with AAI) is aimed at strengthening mutual interactions, interoperability and validating procedures during conduct of search and rescue operations jointly by the Rescue Coordination Centre (RCC) Kolkata, Airport Authority of India (AAI) and Maritime Rescue Coordination Centre (MRCC) in Port Blair, the PRO of Indian Coast Guard said in a press release. |
| Source- DD News |
 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows: |
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The Cabinet has approved-
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| Source- PIB |
 RBI has released 6th Bi-Monthly Monetary Policy Statement. On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to: |
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| The MPC also decided to change the monetary policy stance from calibrated tightening to neutral. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2% while supporting growth. |
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Inflation Rates:
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