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1. India to become the world's fifth-largest economy in dollar terms by Next year. The Centre for Economics and Business Research (Cebr) consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices. Deputy Chairman of Cebr, Douglas McWilliams said, despite temporary setbacks, India's economy has still caught up with that of France and the UK and next year, will overtake both of them.
2. National Affairs: President Ram Nath Kovind formally inaugurated the Annual Conference of Indian Economic Association at Acharya Nagarjuna University campus near Guntur in Andhra Pradesh . Chief Minister N Chandrababu Naidu felicitated the President at the event.
3. Sectoral regulator IRDAI issued regulations for insurance firms to carry out offshore business from Gujarat-based GIFT International Financial Services Centre (IFSC). With this, Insurance operations will get a major boost. Under the regulations, for the first time in the country, foreign insurers are permitted to open IFSC Insurance Office (IIO) at GIFT IFSC. GIFT IFSC already hosts three major insurance players, GIC Re, New India and ECGC.
4. Commercial Flight Nod for Made-in-India Plane Dornier 228.
5. he Government of India and the World Bank signed a $318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies to improve water management practices and increase market opportunities for small and marginal farmers.
6. Uttar Pradesh launched a free household power connection scheme for the poor in the state to mark former prime minister Atal Bihari Vajpayee’s birth anniversary. The government has a target of covering 16 million by 2018-end, driven by Yogi Adityanath government’s motto ‘Prakash hai to Vikas hai’ (the barometer of development is light). The government has also introduced Kisan Uday Yojana, a novel scheme for farmers. The scheme would cover 10 lakh farmers by 2022, would lead to 35 percent saving on power consumption.
7. Saudi Arabia is hosting a world chess tournament for the first time, nearly two years after the country’s top cleric issued a religious edict against playing the board game. The tournament has been named as the King Salman World Rapid and Blitz Chess Championships. The world’s top three chess players from Norway, Armenia and Azerbaijan are participating in the tournament.
8. Amazon bought an Andover, Massachusetts-based company 'Blink' that makes Internet-connected doorbells and security cameras. The move could help Amazon compete in the fast-growing home security camera market and against similar devices made by Nest, a subsidiary of Google parent company Alphabet.
9. Indian boxers have claimed three gold, a silver, and a bronze medal at the Galym Zharylgapov Boxing Tournament in Karaganda, Kazakhstan. In the event, the country’s Gold Medal winners were K Shyam Kumar in 49kg, Naman Tanwar in 91kg and Satish Kumar in the 91kg category claimed gold medals. The19-year-old Naman Tanwar was also adjudged the best boxer of the tournament.
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2. National Affairs: President Ram Nath Kovind formally inaugurated the Annual Conference of Indian Economic Association at Acharya Nagarjuna University campus near Guntur in Andhra Pradesh . Chief Minister N Chandrababu Naidu felicitated the President at the event.
3. Sectoral regulator IRDAI issued regulations for insurance firms to carry out offshore business from Gujarat-based GIFT International Financial Services Centre (IFSC). With this, Insurance operations will get a major boost. Under the regulations, for the first time in the country, foreign insurers are permitted to open IFSC Insurance Office (IIO) at GIFT IFSC. GIFT IFSC already hosts three major insurance players, GIC Re, New India and ECGC.
4. Commercial Flight Nod for Made-in-India Plane Dornier 228.
5. he Government of India and the World Bank signed a $318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies to improve water management practices and increase market opportunities for small and marginal farmers.
6. Uttar Pradesh launched a free household power connection scheme for the poor in the state to mark former prime minister Atal Bihari Vajpayee’s birth anniversary. The government has a target of covering 16 million by 2018-end, driven by Yogi Adityanath government’s motto ‘Prakash hai to Vikas hai’ (the barometer of development is light). The government has also introduced Kisan Uday Yojana, a novel scheme for farmers. The scheme would cover 10 lakh farmers by 2022, would lead to 35 percent saving on power consumption.
7. Saudi Arabia is hosting a world chess tournament for the first time, nearly two years after the country’s top cleric issued a religious edict against playing the board game. The tournament has been named as the King Salman World Rapid and Blitz Chess Championships. The world’s top three chess players from Norway, Armenia and Azerbaijan are participating in the tournament.
8. Amazon bought an Andover, Massachusetts-based company 'Blink' that makes Internet-connected doorbells and security cameras. The move could help Amazon compete in the fast-growing home security camera market and against similar devices made by Nest, a subsidiary of Google parent company Alphabet.
9. Indian boxers have claimed three gold, a silver, and a bronze medal at the Galym Zharylgapov Boxing Tournament in Karaganda, Kazakhstan. In the event, the country’s Gold Medal winners were K Shyam Kumar in 49kg, Naman Tanwar in 91kg and Satish Kumar in the 91kg category claimed gold medals. The19-year-old Naman Tanwar was also adjudged the best boxer of the tournament.
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