1.Brexit Secretary David Davis has resigned from the UK government. The resignation comes days after British Prime Minister Theresa May secured the Cabinet’s backing for her Brexit plan at a meeting at Chequers outside London.
2.Human Resource Development Minister Prakash Javadekar inaugurated the 17th World Sanskrit Conference held at Vancouver, Canada.The purpose of this conference is to promote, preserve and practice the Sanskrit language all over the world by the people. The World Sanskrit Conference is being held in various countries across the globe once in every three years and so far it has been held thrice in India.
3.The Reserve Bank of India has announced that the licence of Alwar Urban Co-operative Bank in Alwar, Rajasthan has been cancelled as it is not in a position to pay its depositors in full as and when their claims accrue, among other reasons.The reasons for the cancellation of the licence were, the bank does not have adequate capital and earning prospects, and hence does not comply with the relevant provisions of the Banking Regulation Act, 1949.
4.India’s premier gymnast Dipa Karmakar clinched a gold medal in the vault event of FIG Artistic Gymnastics World Challenge Cup at Mersin in Turkey.
5.Indian lifter Jhilli Dalabehera has bagged the bronze medal in the 2018 IWF Junior World Weightlifting Championships at Tashkent. She lifted 167 kg in the 48 kg category to finish third on the podium.
6.South Korean President Moon Jae-in arrived in New Delhi evening on a four-day visit to India. He is being accompanied by First Lady Kim Jung-sook on his maiden visit to the nation.
7.India's latest frontline warship INS Trikand has reached Sri Lanka in a goodwill visit. Sri Lanka Navy ceremonially welcomed the state-of-the-art warship in accordance with naval traditions.
8.The European Bank for Reconstruction and Development is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. The Head Office of EBRD is in London, UK.
9.A collateralized borrowing and lending obligation (CBLO) is a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of a loan.
10.MDR or Merchant Discount Rate is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments.
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