1.Paraguay gets first interim woman President Alicia Pucheta for the first time in its history after outgoing leader Horacio Cartes stepped down ahead of schedule.
2.Moody's Investors Service report has cut India's GDP growth forecast to 7.3% in 2018, from the previous forecast of 7.5% due to higher oil prices and tighter financial conditions.
3.The Gujarat government unveiled its 'Reuse of Treated Waste Water Policy' which aims to reduce the state's dependence on freshwater sources like the Narmada river. Chief Minister Vijay Rupani and Deputy Chief Minister Nitin Patel launched the policy at a function held in Gandhinagar. The policy will promote the use of treated wastewater and will see the setting up of sewage treatment plants (STP) in all major towns and cities of Gujarat.
4.Top Indian discus thrower Vikas Gowda retired after competing at the highest level for more than 15 years, during which he became the first and only Indian male to win Commonwealth Games medal in the discipline.
5.The Gaj Yatra campaign was flagged off by the Wildlife Trust of India (WTI) Brand Ambassador Ms Dia Mirza at an event organised in Meghalaya. WTI and the Ministry of Environment, Forest & Climate Change, Government of India, formally launched the unique campaign.’Gaj Yatra’, a “journey celebrating India’s national heritage animal”, aims at securing 100 elephant corridors across India.
6.The United Nations Environment Programme (UNEP) recognized Cochin International Airport Ltd (CIAL) in Kerala as the world’s first fully solar energy-powered airport. CIAL is India’s first airport to be constructed in public-private-partnership (PPP) model in 1999. It is the busiest and largest airport in the state of Kerala.
7.Accepting deposits and making loans and advances to public is not fall within the functions of the Reserve Bank of India.
8.Financial inclusion is where individuals and businesses have access to useful and affordable financial products and services by Banks or other Financial Institutions that meet their needs that are delivered in a responsible and sustainable way.
9.Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy by which to provide to States banking with it to help them to tide over temporary mismatches in the cash flow of their receipts and payments. This is guided under Section 17(5) of RBI Act, 1934, and are '..repayable in each case not later than three months from the date of making that advance'.There are two types of WMA – normal and special. While Normal WMA are clean advances, Special WMA are secured advances provided against the pledge of government of India–dated securities.
10.Export-Import Bank of India is the premier export finance institution in India, established in 1982 under Export-Import Bank of India Act 1981. The Headquarters of EXIM Bank in Mumbai.
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