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  • The government has retained the interest rates for General Provident Fund (GPF) and other related schemes at 8% for the April-June quarter.
  • India was a net importer of steel during the 2018-19 fiscal year, the first time in 3 years.
  • India’s service exports rose 5.5% to USD 16.58 billion in February 2018-19 from USD 15.71 billion in the same month a year ago.
  • Asian Development Bank committed to provide USD 3 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986. New commitments include USD 21.6 billion in loans, grants and investments from ADB’s own resources.
  • 100th anniversary of Jallianwala Bagh massacre: April 13, 2019
  • India successfully test-fired its first sub-sonic cruise missile Nirbhay at Chandipur, Odisha coast. It was launched by DRDO.
  • Karnam Sekhar, CEO and MD of Dena Bank will become the MD and CEO of Indian Overseas Bank with effect from July 1. After superannuation on June 30, 2020 he will join IOB as OSD and whole time director.
  • Vijaya Bank MD and CEO R A Sankaranarayanan has been named as MD and CEO of Canara Bank.

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