SASEC's Finance Ministers Meeting held in New Delhi

i. Union Finance Minister Arun Jaitley chaired the South Asia Subregional Econom
ic Cooperation (SASEC) Finance Ministers meeting in New Delhi.
ii. It was attended by the seven Finance Ministers from Bangladesh, Bhutan, Indi
a, Maldives, Myanmar, Nepal and Sri Lanka and the Asian Development Bank as a su
pporting SASEC in this endeavor.
iii. Myanmar has joined the SASEC program as its seventh member.
National conference on Communicating India to be organized
i. A day-long national conference on Communicating India will be organized in Ne
w Delhi which will be inaugurated by Minister of State for Information and Broad
casting Rajyavardhan Rathore.
ii. Telling the India's story to the world, Communicating via Journalism and Dia
logue with Diaspora are three main themes which are outlined for the conference.
Jhargram becomes 22nd Bengal district
i. Chief Minister Mamata Banerjee declared Jhargram as the 22nd district of West
Bengal.
ii. Jhargram has been formed by bifurcating West Midnapore, which has a populati
on of more than 11.37 lakh. Mamta Banerjee announced a budget of Rs 200 crore fo
r the development of Jhargram.

Rs 40,000 crore expressway project in northeast announced

i. The first express highway project in the northeast region will be developed a
long the Brahmaputra river in Assam at an estimated investment of Rs 40,000 cror
e inaugurated by Union Road Minister Nitin Gadkari.
ii. The agreement was signed by the Assam government, the National Highways Auth
ority of India and the Inland Waterways of India.
BS-IV Grade Fuel launched by Central Government after BS-III ban
i. Dharmendra Pradhan, Minister of State (I/C) for Petroleum and Natural Gas off
icially launched the low emission Bharat stage (BS)-IV Grade fuel in Bhubaneswar
.
ii. The launch was made on the special occasion of Utkal Diwas which is the foun
dation day of Odisha.
iii. The launch was made in 12 cities of India. They were Varanasi, Vijayawada,
Durgapur, Gorakhpur, Imphal, Bhopal, Ranchi, Madurai, Nagpur, Patna, Guwahati an
d Shillong.
ICICI, Axis Bank sell Rs 1800 crore Ballarpur loans to Edelweiss
i. ICICI Bank and Axis Bank sold Rs.1,800 crore of loans to paper maker Ballarpu
r Industries Ltd to Edelweiss Asset Reconstruction Company.
ii. It is the first time that loans have been sold to an asset reconstruction fi
rm. Axis Bank sold loans of Rs.1,200 crore and ICICI Bank sold loans of Rs.600 c
rore.
Geetha Johri- Gujarat's first woman Police Chief
i. A 1982 batch Indian Police Service (IPS) Geetha Johri has been appointed as t
he first woman Director General of Police (DGP) of Gujarat.
ii. She has replaced P P Pandey, who resigned recently. Johri is posted at the S
tate Police Housing Corporation in Gandhinagar.

Amazon.in launches Classroom for new sellers

i. To make on-boarding easy for new sellers, Amazon India has launched an initia
tive called Amazon Classroom , a virtual training program to help teach them th
e nuances of online selling.
ii. The program focusses on areas such as order processing, adding products and
managing returns that are required to operate a successful online business.
Gionee India ties up with RCB for IPL 10
i. Handset maker Gionee India announced its association with the Royal Challenger
s Bangalore, as their presenting sponsors for the tenth edition of the Indian Pre
mier League (IPL).
ii. Gionee is already the principal sponsor of the Kolkata Franchise Kolkata Knig
ht Riders. Gionee has become the first brand ever to sponsor front jerseys of two
IPL teams in the same edition and will have its logo feature on the front jerse
y of both the teams.
iii. The smartphone manufacturer had signed Captain Virat Kohli as its brand amb
assador in November 2016.
Berhampur Thakurani Yatra fetival begins in Odisha
i. The famous Berhampur Thakurani Yatra, one of the biggest festivals of souther
n Odisha, has been celebrated with pomp and gaiety.
ii. Nearly a month-long festival celebrates the journey of the deity Maa Budhi T
hakurani.

WTO sets up panel to resolve steel dispute with India, Japan

i. The WTOs dispute settlement set up a panel to resolve the dispute between Japa
n and India over imposition of safeguard import duty on iron and steel products.
ii. Japan in December 2016 dragged India to the WTO against certain measures tak
en by New Delhi on imports of iron and steel products.
iii. Japan, which is the second largest steel producer in the world, had alleged
that duties imposed on steel imports by India violates WTO trade norms.
Indian Cricketer MS Dhoni named CEO of Gulf Oil for 1 day
i. The former Indian cricket team skipper MS Dhoni became an acting Chief Execut
ive Officer (CEO) of Gulf Oil India just for a day.
ii. He took charge of Gulf Oil India at the Mumbai head office. Mahendra Singh D
honi was also named as the brand ambassador for Gulf Oil in the year 2011.

Important Takeaways from above GK Update are as follows-

National conference on Communicating India will be organized in New Delhi
Minister of State for Information and Broadcasting is Rajyavardhan Rathore
Geetha Johri has been appointed as the first woman DGP of Gujarat
She has replaced P P Pandey
Governor of Gujarat is Mr. Om Prakash Kohli and its Chief Minister is Mr. Vijay
Rupani
Nitin Gadkari announces Rs 40,000 crore expressway project in northeast
Nitin Gadkari is the Union Minister for Road Transport and Highways and Shipping
Amazon.in launches Classroom, a virtual training program for new sellers
Jeff Bezos is CEO of Amazon
Amazon is USA based company
SASEC s Finance Ministers Meeting was held in New Delhi
South Asia Subregional Economic Cooperation is the full form of SASEC
Myanmar has joined the SASEC program as its seventh member
ICICI, Axis Bank sell Rs 1800 crore Ballarpur loans to Edelweiss Asset Reconstru
ction Company
ICICI bank headquarter is in Mumbai and CEO is Chanda Kochhar
Axis Bank headquarter is in Mumbai and CEO is Shikha Sharma
Ballarpur is a town and a municipal council in Chandrapur district in the state
of Maharashtra, India
Jhargram declared as the 22nd district of West Bengal
CM of West Bengal is Mamta Banerjee
Governor of West Bengal is Keshari Nath Tripathi
Government officially launched the low emission Bharat stage (BS)-IV Grade fuel
in Bhubaneswar, Odisha
Minister of State (I/C) for Petroleum and Natural Gas is Dharmendra Pradhan.
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