 The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the Rs 42,000-crore resolution plan submitted by ArcelorMittal for the debt-ridden Essar Steel Ltd. The tribunal’s approval for the mega-deal has come 583 days after it started the insolvency proceedings, instead of the mandated 270 days. ArcelorMittal’s takeover proposal for the indebted steel-maker was approved by the Essar Steel’s Committee of Creditors last October and it was pending before the NCLT for approval since then. |
| Source- The Economic Times |
 Defence Research and Development Organization (DRDO) successfully test fired the PINAKA guided WEAPON rocket system from Pokhran range in Rajasthan. The weapon system is equipped with state-of-the-art guidance kit comprising of an advanced navigation and control system. The weapon systems impacted the intended targets with high precision and achieved desired accuracies. |
| Source- DD News |
 India is the second largest importer of weapons in the world, as per the annual report ‘Trends in International Arms Transfers-2018’ released by the think tank Stockholm International Peace Research Institute (SIPRI). Saudi Arabia is now the world’s largest weapons importer. After maintaining its position of world’s largest arms importer for about 8 years, India dropped down to be the second largest importer of weapons during 2014-18. India accounted for 9.5% of the global total imports during 2014-18, while Saudi Arabia accounted for 12% of the total imports during the period. |
| Source- The Economic Times |
 Indian gymnast Dipa Karmakar was selected as Barbie role model & was presented with a one-of-a-kind doll by Barbie as the company celebrates its 60th anniversary. She was part of the ‘Shero’ program launched in 2015 by the company. |
| Source- The Hindu |
 Prime Minister Narendra Modi has announced that Prasar Bharati has brought 11 more State DD Channels on the Satellite footprint of India through DD Free Dish. The 11 channels include five from Northeastern states.
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 The persistent efforts of the Intellectual Property Rights cell of the Kerala Agriculture University have finally yielded results. The Marayur Jaggery largely produced in the regions of Marayur and Kanthallur grama panchayats of Kerala has got the GI tag. |
| Geographical Indication Geographical Indication (GI) is a name or sign used on products which correspond to a specific geographical location or origin. Geographical Indication act as a certification that the product possesses certain qualities, is made according to traditional methods or enjoys a certain reputation, due to its geographical origin. |
| Marayur Jaggery Marayoor in the Idukki district of Kerala is known for its tensive sugarcane cultivation. In the regions of Marayur and Kanthallur, more than 2500 acres of land is under sugarcane cultivation. The peculiar geographical location of Marayoor amid the forests of the Western Ghats gives the sugar cane a distinct geographical identity. The local people have integrated the age-old tradition have imparted age-old specialized skill to make Marayur Jaggery a distinct product in itself. The distinct features of the Marayur Jaggery are high sweetness with less saltiness, high content of iron and less sodium. The produce is free of impurities and the sugar cane fields are free of chemical pesticides and fertilisers. The Marayur Jaggery is produced without adding any chemicals has always been known for its high quality. Eyeing the market of the traditional Marayur Jaggery fake jaggery with a salty taste was being marketed as Marayur jaggery. The GI tag will now enable to initiate legal action against fake jaggery being sold as Marayur Jaggery. |
 State Bank of India has become the first domestic bank to link the interest rate it offers on savings account deposits to an external benchmark — the Reserve Bank of India’s repo rate. By doing so, the bank will effectively link all loan rates to an external benchmark either directly or indirectly, thereby attempting to speed up the transmission of any changes in the benchmark monetary policy rate to depositors and borrowers. |
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SBI announced the following changes:
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| Source- Press Information Bureau (PIB) |
 Korea Exim Bank has come forward to extend a Rs 4,100 crore loan for Visakhapatnam (VIZAG) Metro Rail project The state government had earlier sent a proposal in this regard to the Central government, which in turn forwarded it to Korea Exim Bank. Following this, the Bank deputed a team to Amaravati to hold talks with the state government. |
| Source- The Indian Express |
 The Supreme Court ordered a court-monitored mediation in the Ram Janmabhoomi-Babri Masjid land dispute case to arrive at a “permanent solution” to the politically and religiously sensitive issue. The five-judge constitution bench headed by CJI Ranjan Gogoi appointed a panel of 3 mediators in the title suit with Retired Justice Kalifullah chairing the court-appointed and monitored mediation process. The other two members are spiritual leader Sri Sri Ravi Shankar and senior advocate Sriram Panchu. |
Here is the Short Information on the 3 Members of the Panel:
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 The Ministry of Tourism, Government of India has won the First Prize in the category of TV Cinema Spot at the prestigious international Golden City Gate Tourism Awards 2019. The awards were received by Yogendra Tripathi, Secretary, Tourism at ITB, Berlin. |
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Following promotional films / television commercials produced by the Ministry as part of its Incredible India 2.0 Campaign received the awards:
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| Source-United News of India |
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