1. Central monetary authority of Nepal, the Nepal Rastra Bank (NRB), talked with the Indian Reserve Bank (RBI) and asked to make Rs, 200, 500, and 2000 Indian bank bills as a legal tender in Nepal.
2. Three regional rural banks – Punjab Gramin Bank, Malwa Gramin Bank, and Sutlej Gramin Bank – have been combined into a single regional bank.
3. After a meeting between Iran’s Foreign Minister Md. Javad Zarif and Union Minister Mr. Nitin Gadkari, the government has Allowed An Iranian Bank to Open Branch in Mumbai, Maharashtra.
4. Sri Lanka’s Central Bank has verified that the Reserve Bank of India (RBI) has agreed to provide $400 million under the swap arrangement scheme. That amount will increase the reserves of Sri Lanka.
5. The Tax Council on Goods and Services approved the doubling of the exemption limit to Rs 40 lakh under the GST scheme. It also raised the turnover limit from current Rs 1 crore under the composition scheme to Rs 1.5 crore. The new scheme will will be effective from April 1, 2019.
6. The Reserve Bank of India (RBI) slapped Citibank (India) with an INR 3 crore penalty. This penalty has been enforced by RBI because Citibank did not comply with the instructions regarding the bank’s ‘ fit-and-proper criteria ‘.
7. An extra Rs 6,084 crore was approved by the Government of India at MGNREGA’s RE stage. The extra amount made the total grant to the Rs 61,084 crore scheme in 2018-19. It has also become the largest allocation ever for this scheme.
8. Vijay Mallya has been declared as a fugitive economic offender by a special Mumbai anti-money laundering court. This makes him the first tycoon to be listed under the new law as the economic offender. Such government action will prevent financial fraud. Moreover, such a tag will now enable the government to confiscate the country’s properties.
9. Amazon has overtaken Microsoft’s biggest company in the world, hence became largest company in the world. Microsoft is in second position now. According to the current study, the total market value of Amazon is about $797 billion, while the total market value of Microsoft is $783 billion.
10. By delivering 806 aircraft, Boeing Co. set a new record in 2018. Likewise, for the seventh year, Boeing maintained the title of the world’s largest aircraft manufacturer. However, due to supplier miseries that delayed shipments, it missed its full-year goal of 810-815.
11. Union Commerce minister Mr. Suresh Prabhu announced that Saudi Arabia and the United Arab Emirates (UAE) have agreed to use India as a basis for resolving their food security issue. Mr. Prabhu added that India’s export policy will, for the first time, identify agricultural potential along with horticulture, dairy, fisheries and plantation.
12. BASF SE , A Germany company has signed a Memorandum of Understanding (MoU) with the Adani Group and will invest € 2 billion (around 16,000 crore) in the value chain for acrylics. This will be the biggest investment BASF has ever made in India.
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