NATIONAL NEWS
PM-LVMY Yojana launched by the Government The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has recently approved a new scheme called ‘Pradhan Mantri Laghu Vyapari Maan-dhan Yojana‘ that offers pension coverage to the trading community.- The main feature of PMLVM Yojana 2019 is that each subscriber of the scheme shall receive minimum assured lifelong pension of Rs 3000/- per month after attaining the age of 60 years.
- The Union Housing and Urban Affairs Ministry has issued standard specifications of the 'Metrolite' system which will be developed on surface and elevated stretches.
- According to the ministry, the 'Metrolite', which can be developed at a lower cost in comparison with existing metro system, will also act as feeder system to high capacity Metro.
- According to its International Moving Price Index for 2019, San Francisco is the most expensive city to move to.
- Delhi is among the world's cheapest cities to move to. Delhi was ranked 85th in terms of individual relocation.
BUSINESS & ECONOMY
India's GDP growth to be flat at 6.8% in FY20: Report The economy will not be able to achieve the official forecast of 7 percent growth in FY20, making it a second consecutive year of sub-7 percent expansion, according to a report by Singaporean lender DBS.- It estimated FY20 growth to stay at 6.8 percent, the same as FY19. The economic survey earlier this month had pegged growth to rise to 7 percent.
- WhatsApp, in collaboration with NITI Aayog, will announce an annual calendar of events aimed at capacity building of women entrepreneurs and develop specific programmes aimed at addressing challenges faced by women entrepreneurs. The initiative would target the registered users of WEP.
- Reliance Industries (RIL) overtakes state-owned Indian Oil Corporation (IOC), which had been the top-ranked Indian company on the list and was first on the Fortune India 500 list which was started in 2010.
SPORTS
Lasith Malinga bids adieu to international cricket Sri Lanka's unorthodox fast bowler Lasith Malinga played his last international game against Bangladesh. He thus announced his retirement from international cricket.APPOINTMENTS
IAS Ajay Kumar Bhalla appointed as OSD in MHA The government has made key appointments in several ministries. IAS officer Ajay Kumar Bhalla, who was Secretary in the Ministry of Power, has been appointed as Officer on Special Duty in the Ministry of Home Affairs with immediate effect.- IAS officer Subhash Chandra Garg, who was Secretary in Department of Economic Affairs in Finance Ministry will now be the Power Secretary.
- Senior IAS officer Atanu Chakraborty, has been appointed as Secretary in Department of Economic Affairs
OBITUARIES
Trade union leader, three-time MP A.K. Roy passes away Former Lok Sabha MP and founder of Marxist Coordination Committee (MCC) A K Roy passed awayfollowing multiple organ failure. He was 90.
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