1.The USA has surpassed India as top greenfield FDI destination with a total FDI of USD 87.6 billion.The number of greenfield FDI projects sharply fell by 21% during this year in case of India as compared to previous year.China received a total FDI of USD 50.3 billion in the year 2017 while India received an FDI of 25.1 billion in 2017.
2.A green field investment is a type of foreign direct investment (FDI) where a parent company builds its operations in a foreign country from the ground up. In addition to the construction of new production facilities, these projects can also include the building of new distribution hubs, offices and living quarters.
3.Colombia has chosen Ivan Duque to be its next president after a long and divisive campaign that often centred on a controversial peace process with leftist rebels the Revolutionary Armed Forces of Colombia (FARC).Bogota is the capital of Colombia.Bogota is the capital of Colombia.
4.The 4th meeting of governing council of NITI Aayog was held in New Delhi chaired by PM Narendra Modi.The meeting aimed to double the farmers’ income and progress of flagship scheme such as Ayushman Bharat, National Nutrition Mission and Mission Indradhanush.It planned for a 3 year action plan to develop a new agenda for “New India 2022”.
5.The 4th international Yoga day in Nepal was celebrated by locals by participating at Yoga camp at Muktinath Temple at a height of 12500 feet above sea level.The yoga camp was organised by Indian embassy in Kathmandu.The International yoga day is celebrated on 21st June each year since 2015 and was declared unanimously by United Nations General Assembly.
6.India has agreed to open 4 new air gateways to Nepal in the eastern and western part of the country, aimed to facilitate international traffic. The eastern part would connect Patna and Kolkata of India with Kathmandu and Dhaka while the western part would connect Kathmandu with Delhi.The routes will be operational till 2019.
7.Northeast India’s first small bank, North East Small Finance bank (NESFB) started its services.Rashtriya Gramin Vikas Nidhi (North East) Microfinance Limited received the Small Finance Bank License from the Reserve Bank of India (RBI) on March 31, 2017.Tata Trust chairman Ratan Tata and Assam’s finance minister Himanta Biswa Sarma launched the first 28 branches of the bank.
8.External Affairs Minister Sushma Swaraj is on a 7 day tour of 4 European countries – Italy, France, Luxembourg and Belgium, which is aimed to strengthen trade ties and revamp pending EU-India free trade pact.During her visit she would celebrate 20th anniversary for India – French Partnership.She would also be the 1st ever external affairs minister to visit Luxembourg.
9.ISRO has cleared GSAT – 11 for launch, which was recalled from Kourou in French Guinea for checks, after another satellite GSAT 6A, had lost contact which was launched earlier.The 5,700 Kg Satellite was to launch on 26 May 2018 from Kourou, site in South America which India uses to launch heavy satellites. Arianespace is the space agnecy that launches India’s Satellite from this site.
10.Maharastra Govt. will provide viability gap of Rs. 2,500 Cr for Bandra Versova Sea link by selling floor space index (FSI) to builders.The total cost incurred in creating 39 km sea link would be Rs. 9,500 Cr that will connect Marine lines with Kandivli.The govt will invest Rs. 2000 Cr, Rs. 5000 Cr is being raised by loans and the rest of Rs. 2500 Cr by FSI.
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