1.Prime Minister Narendra Modi announced a summer internship linked to the ‘Swachh Bharat’ campaign. Three ministries of the Indian government have announced the ‘Swachh Bharat Summer internship’.The internship is an initiative of the Sports, Human Resource Development (HRD) and Water Ministry.
2.The International Buddhist Conference got underway in Lumbini, the birthplace of Lord Buddha.The conference aims to disseminate teachings of Buddha and spread the messages of nonviolence, brotherhood, co-existence, love and peace to the international community.Representatives from 16 countries including U.S., Japan, India, China, Indonesia and Sri Lanka will attend the conference.
3.Reserve Bank of India said it is withdrawing a restriction that limited foreign investors to only investing in government and corporate bonds with tenures of three years or more, a move that could bolster the domestic bond market.
4.Sikkim Chief Minister Pawan Chamling became the longest-serving Chief Minister in India, surpassing the record of Jyoti Basu, who served as West Bengal CM from 1977 to 2000.Chamling became the Chief Minister in December 1994 and belongs to the Sikkim Democratic Front.
5.Jammu and Kashmir Assembly speaker Kavinder Gupta has been appointed as the Deputy- CM of the state. Seven others ministers were also sworn in the state's PDP-BJP government led by Mehbooba Mufti.
6.Jammu and Kashmir’s Budgam district has been shortlisted for PM Modi’s excellence award for promoting digital payments and cashless economy.Digital payments facility has been installed at 670 places across the district so far.In order to ensure successful implementation of the digital payments, the district administration has trained hundreds of local residents at Common Services Centers.
7.HDFC Bank launched IRA 2.0, its interactive humanoid at the Koramangala Branch in Bengaluru. The interactive humanoid in its advance version is aimed to enhance user experience for customers visiting in the branch.HDFC Bank has developed IRA (Interactive Robotic Assistant) 2.0 in collaboration with its technology partners Invento Makerspaces and Senseforth Technologies.
8.The World Day for Safety and Health at Work is an annual international campaign to promote safe, healthy and decent work.It is held on 28 April and has been observed by the International Labour Organization (ILO) since 2003.The theme for World Day for Safety and Health at Work 2018 is: Occupational safety health (OSH) vulnerability of young workers.
9.According to the Deutsche Bank research report, the Indian economy is witnessing a "cyclical upswing" and the country is likely to clock a GDP growth of 7. 5% this financial year.The Reserve Bank expects India's economic growth rate to strengthen to 7.4% in the current fiscal, from 6.6% in 2017-18, on account of revival in investment activity.
10.RBI has further liberalized norms for external commercial borrowing that will allow Indian companies to access cheaper funds from overseas markets.According to new norms, RBI has stipulated a uniform all in cost ceiling of 450 bps over benchmark rate.RBI also decided to increase the ECB Liability to Equity Ratio for ECB raised from direct foreign equity holder under automatic route to 7:1.
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