1.Axis Bank has announced opening of off-shore banking unit at the International Financial Services Centre at Gujarat International Finance Tec-City.The Bank will now be able to provide a more comprehensive range of products to its customers with access to International financial markets.Offshore Banking unit is capable to trade in foreign currency in overseas market & also with Indian Banks.
2.nion Minister of State (IC) for Power and New & Renewable Energy, Shri R.K. Singh inaugurated the ‘International R&D Conclave’– two day conference on Emerging Opportunities and Challenges of R&D in Indian Power Sector, organised by Central Electricity Authority (CEA) in New Delhi.In his address inaugural, Shri Singh stressed upon the need of a dedicated R&D department in CEA to coordinate the research in power sector, and asked the concerned departments to make an effort to implement the ideas emerging from this Conference.
3.Sardar Singh is the captain of a 28-member Indian squad for the 27th Sultan Azlan Shah Cup to be held in Ipoh, Malaysia.He was dropped from the team including the Hockey World League Final in Bhubaneswar.
4.Prime Minister Narendra Modi flagged off the Palace Queen Humsafar Express train at the Mysuru railway station. The train will run from Mysuru to Udaipur in Rajasthan.
The Prime Minister also dedicated a 140-km long fully electrified railway line from Mysuru to KSR Bengaluru to help the Indian Railways in achieving energy-efficient transport.The train will connect the five Western Indian states – Rajasthan, Madhya Pradesh, Gujarat, Maharashtra and Karnataka.
5.PM Modi has launched Nasscom’s platform—Future Skills—for skill development in 8 varied technologies.Modi launched the platform via video conference during the inaugural session of the World Congress on Information Technology 2018.The platform offers skilling and up-skilling in Artificial Intelligence, virtual reality, Internet of Things, big data analytics, 3D printing & cloud computing.
6.Tax Haven : A tax haven is a country that offers foreign individuals and businesses a minimal tax liability in a politically and economically stable environment, with little or no financial information shared with foreign tax authorities. Tax havens do not require individuals to reside in or businesses to operate out of their countries to benefit from local tax policies. Due to the globalization of business operations, an increasing number of U.S. corporations, including Microsoft, Apple and Alphabet, are keeping cash in offshore tax havens to minimize corporate taxes.
7.The National Tiger Conservation Authority (NTCA) has recognized Bhoramdeo Wildlife Sanctuary in the state of Chhattisgarh as a Tiger Reserve.
8.World Social Justice is observed every year on February 20. Social justice is an underlying principle for peaceful and prosperous coexistence within and among nations.2018 theme: Workers on the Move: the Quest for Social Justice.
9.Govt has extended the waiver of inter-state power transmission charges & losses for solar & wind power projects commissioned till 31 March 2022.Earlier waiver was available to solar & wind power projects commissioned till 31 Dec 2019 & 31 March 2019, respectively.Order also provides that waiver would be available to only those projects which are awarded through competitive bidding process.
10.Japanese Yuzuru Hanyu became the first figure skater in 66 years to win back-to-back Winter Olympic gold medals in the men’s singles event as he won Japan’s first gold medal at PyeongChang Games.Hanyu won the title with 317.85 points, beating compatriot Shoma Uno and multiple world champion Javier Fernandez of Spain to the second and third spots.
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