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NATIONAL
-The Telangana Government has issued a notification to extend the Rythu Bandhu scheme for 2019-20 while enhancing the amount from Rs 4000 to Rs 5000. The Rythu Bandhu scheme, Telangana CM K Chandrasekhar Rao’s pet scheme, is aimed at providing income support to the agriculture directly to back their crops.
-Rajasthan government has increased th financial assistance given to school girls under the ‘Aapki Beti’ scheme and ex-gratia payment to the families of polling personnel who die during election duty. Under the Aapki Beti scheme, girls living under the Below Poverty Line and whose mother or Father or both have died to get annual financial assistance in the state.
INTERNATIONAL
-The US will end preferential trade status for India next week, President Donal Trump has confirmed amid a deepening row over protectionism. India had been the largest beneficiary of a scheme that allows some goods to enter the US duty-free.
-In the Cenral American country of El Salvador, Nayib Bukele was sworn in by the Speaker of the National Assembly in downtown San Salvador.
BANKING
-Global efforts to impose a unified tax policy on Google, Facebook and other internet giants have cleared a major hurdle ahead of a G20 summit in Japan. The Paris-based Organization for Economic Cooperation and Development stated that 129 countries had signed off on a road-map to grab a fairer tax share of the companies’ booming sales.
-ONGC, India’s top oil and gas producer, has toppled Indian Oil Corp to regain the crown of being the country’s most profitable public sector company. According to earnings statements of the listed companies, Oil and Natural Gas Corp reported a 34% jump it’s in 2018-19 fiscal net profit to Rs 26,716 crore.
APPOINTMENTS
-Chattisgarh government appointed a new advocate general, Satish Chandra Verma with immediate effect, replacing Kanak Tiwari on the post.
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