Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy up to 3 million tonnes or 60,000 barrels per day of US oil. State-run IOC had previously purchased US oil from spot markets and signed a mini-term deal in August to buy 6 million barrels of U.S. oil between November to January. IOCL chairman Sanjiv Singh said the annual contract will begin from April. He declined to give the name of the seller and pricing details citing confidentiality. Points to Remember Headquarters: New Delhi Chairperson: Sanjiv Singh
Andhra Pradesh Chief Minister N Chandrababu Naidu announced Rs 9000 each to the farmers under Annadata Sukhibhava scheme 2019. Under Annadata Sukhibhava scheme 2019, an amount of Rs 9,000 will be given to the farmers having land less than 5 acres. This will be in addition to the Rs 6,000 announced by the Central government. Effectively, each farmer will get Rs 15,000 per annum. Farmers having land more than 5 acres, will be given Rs 10,000. This will be solely by the state government, as the Centre is not giving any aid to farmers having land more than 5 acres
The Insolvency and Bankruptcy Board of India (IBBI) organised a two-day workshop on “Committee of Creditors: An Institution of Public Faith” in Mumbai. The workshop was jointly organised with the State Bank of India (SBI) and the Indian Institute of Corporate Affairs (IICA). The Workshop was unique and the First of its kind for the benefit of Financial Creditors who comprise Committee of Creditors (CoC) under the Insolvency and Bankruptcy Code, 2016. 28 Senior Officers (General Managers and Executive Directors) of the major Scheduled Commercial Banks participated in the Workshop.
Unmanned aerial vehicles (UAVs) or drones, aircraft systems and balloons have been banned in Bengaluru for security reasons during the five-day Aero India 2019 show. Defence Research and Development Organisation (DRDO) will be participating in show and will be showcase around 250 systems. Also, Aircraft manufacturer Boeing will showcase its range of platforms with "advanced capabilities" at the event. Boeing would showcase the F/A-18 Super Hornet aircraft, KC-46A Pegasus tanker, AH-64E Apache helicopter, CH-47F Chinook helicopter, and the P-8 aircraft. Points to Remember The 12th edition of Aero India 2019, an international aerospace and defence exhibition will be held from 20-24 February at Yelahanka in Bengaluru. It is organised once in every two years by the Department of Defence Production, the Ministry of Defence.
The President of India presented the Tagore Award for Cultural Harmony at Pravasi Bhartiya Kendra, New Delhi. The awards were presented to Shri Rajkumar Singhajit Singh; Chhayanaut (a cultural organization of Bangladesh); and Shri Ram Sutar Vanji for the years 2014, 2015 & 2016 respectively. This annual award is given to individuals, associations, institutions or organizations for their outstanding contribution towards promoting values of Cultural Harmony. Points to Remember Tagore Award for Cultural Harmony was instituted by the Government of India from 2012 recognising the contributions made by Gurudev Rabindranath Tagore to humanity. It is awarded annually and carries an amount of Rs. One Crore, a citation in a Scroll, a Plaque as well as an exquisite traditional handicraft/handloom item.
West Indian batsman Chris Gayle has announced that he will retire from One-day Internationals after the forthcoming World Cup. The 39-year old left-hander has scored 9,727 ODI runs, second only to the legendary Brian Lara among West Indians in 284 matches. He needs 677 more runs to surpass Lara, he will be hoping to achieve at his fifth World Cup. Points to Remember The World Cup will be held in England and Wales from 30th May till 14th July.
Belgium's Elise Mertens claimed the biggest win of her career after beating world number three Simona Halep to clinch the Qatar Open. She won the match by 3-6, 6-4, 6-3, despite being outclassed in the first set. She overcame after an eight-minute medical timeout for back pain in the second set, and losing 18 consecutive points at one stage in the match. This is world number 21 Mertens' first-ever WTA Premier-level crown, and the fifth title of her career overall.
India Captain Virat Kohli remained on top while teammate Chesteshwar Pujara managed to hold on to his third position in the latest ICC Test Cricket rankings. Kohli is leading the chart with 992 rating points ahead of New Zealand skipper Kane Williamson with 897 points and Pujara with 881. Besides Kohli and Pujara, no other Indian feature in the top 10 list. In the bowlers' list, Australia fast bowler Pat Cummins has overtaken Kagiso Rabada to grab the top spot. India's Ravindra Jadeja is placed at the fifth spot with 794 points.