 Maldives finance ministry has signed an agreement with India’s Export-Import Bank (EXIM) for line of credit (LOC) of 800 million US dollars to finance the new government’s infrastructure projects. The agreement was signed in presence of External Affairs Sushma Swaraj who was on a 2-day visit to Male. The LOC is part of 1.4 billion US dollars finance assistance announced by the Indian government during President Ibrahim Mohamed Solih’s state visit in December 2018. The EXIM Bank loans come with a 1.75% interest rate and a 15-year repayment periodafter five years of moratorium. |
| Source- Press Information Bureau (PIB) |
 Ola has signed a Memorandum of Understanding (MoU) with the Government of Telangana to support the latter’s efforts in strengthening traffic infrastructure in the city. The partnership would see Ola ‘share intelligent insights’ that enable the Government to implement smart solutions to enhance ‘mobility experience’ in the city, an Ola release stated. The first pilot project proposed to be implemented under the MoU is the dynamic mapping of riding quality of various major roads in Hyderabad through the network of vehicles operating on the Ola platform. |
| Source: Business Standard |
 The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI). The IBBI and the SEBI seek effective implementation of the Insolvency and Bankruptcy Code, 2016 (Code) and its allied rules and regulations, which have redefined the debt-equity relationship and aims to promote entrepreneurship and debt market. |
| Source: Business Standard |
 Hyundai Motor Group (the Group) and Ola announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will invest a total of $ 300 million in Ola, making it their biggest combined investment to date. The agreement will see the three companies collaborate on developing fleet and mobility solutions, building India-specific electric vehicles and infrastructure, as well as nurturing opportunities and offerings for aspiring driver partners with customized vehicles on the Ola platform. |
| Source- The Hindu Business Line |
 The inaugural Africa-India Field Training Exercise-2019 for India and African nations called AFINDEX-19 started with a grand opening ceremony at Aundh Military Station, Pune. Contingents of the 17 African Nations came together for the opening ceremony along with a contingent of Maratha Light Infantry representing India. The aim of the exercise is to practice the participating nations in planning and conduct of Humanitarian Mine Assistance and Peace Keeping Operations. |
| Source- Press Information Bureau (PIB) |
 Exercise MITRA SHAKTI is conducted annually as part of military diplomacy and interaction between armies of India & Sri Lanka. The joint exercise for the year 2018-19 will be conducted in Sri Lanka. Troops from 1st Battalion the BIHAR Regiment of the Indian Army and Gemunu Watch Battalion of Sri Lankan Army would be jointly undertaking the exercise. The aim of the exercise is to build and promote close relations between armies of both the countries and to enhance ability of joint exercise commander to take military contingents of both nations under command. |
| Source- Press Information Bureau (PIB) |
 Senior journalist and environmental activist Darryl D’Monte passed away in Mumbai after a brief illness at the age of 74 years. In a career spanning several decades, he served as the resident editor of Mumbai editions of The Times of India and The Indian Express. He had also served as the chairperson of the Forum of Environmental Journalists of India (FEJI) and was the founder-president of the International Federation of Environmental Journalists (IFEJ) in Dresden, Germany, in 1993. |
| Source: Indian Express |
 The ‘i-help’ initiative to promote digital electoral literacy in Assam has been launched in view of the forthcoming Lok Sabha polls. It is a joint initiative of the Office of the Chief Electoral Officer(CEO) and Common Service Centres (CSC) in Assam. CEO Mukesh Chandra Sahu launched the ‘i-help’ initiative. |
| Source: Business Standard |
 The 2019 Swiss Open, officially the YONEX Swiss Open 2019, was a badminton tournament which took place at St. Jakobshalle in Basel, Switzerland and had a total purse of $150,000. |
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Here is the complete list of Winners of 2019 Swiss Open Badminton Championships 2019:
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 Mercedes’ Valtteri Bottas beat his world champion teammate Lewis Hamilton to clinch the season-opening Australian Formula One Grand Prix. Bottas, who claimed his first race win since Abu Dhabi in 2017, also claimed the extra point for the fastest lap in the race. Hamilton finished the race in the second spot, while Red Bull’s Max Verstappen finished third. |
| Source- BBC News |
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