1. State Bank of India links interest rates to RBI's repo rate

• SBI had announced that it will link its interest rate on savings account with balance above ₹1 lakh and short-term loans like overdraft and cash credit facility to Reserve Bank of India's repo rate, effective 1 May 2019.
• The interest rates on large SBI savings account deposits and interest rate on some short-term loans will automatically change as and when RBI changes its repo rate.
• This will help in better transmission of RBI's policy rates into the banking system.

2. Vice president issued Postage Stamp to commemorate 750th Birth Anniversary of Sri Vedanta Desika

• The Vice President, Shri. M. Venkaiah Naidu released a postage stamp to commemorate the 750th birth anniversary of Sri Vedanta Desikan in New Delhi.
• Sri Vedanta Desikan is one of the most prominent preceptors in the Srivaishnava tradition and one of the most effulgent luminaries to have graced this land.
• He had authored brilliant poems, prose, drama, epics, commentaries, scientific texts and philosophical treatises in many languages, mainly Sanskrit, Tamil, Prakrit and Manipravalam.

3. Sebi bars NSE from securities market for 6 months in co-location case

• The Securities and Exchange Board of India (Sebi) directed the National Stock Exchange (NSE) to disgorge Rs 625 crore, along with interest at 12 per cent per annum since 2014.
• The regulator also barred the exchange for a period of six months from accessing the securities market.
• In separate orders, Sebi imposed penalties on brokers OPG Securities, Way2Wealth Brokers, and GKN Securities.

4. 14th edition of Sino-Indian border trade opens at Nathu La

• The 14th edition of the annual Sino-Indian border trade opened at Nathu La in Sikkim.
• The bilateral border trade between the two countries is organised four days a week for six months.
• India’s trade list comprised of two sections. Export list comprised of 36 items from dairy products to utensils and Import list includes a total of 20 items, namely carpets, quilts and jackets.

5. Sri Lanka great Kumar Sangakkara named new MCC president

• Marylebone Cricket Club (MCC) is the greatest cricket club in the world, with its global reach and continued progress for cricket on and off the pitch.
• The Sri Lankan legend is an active member of MCC's World Cricket committee since 2012, and also owns the Honorary Life Membership of the club.
• Sangakkara's one-year tenure will encompass two England Tests against West Indies and Pakistan, and the launch of The Hundred competition before winding up on 30 September 2020.

6. BSNL launches 'Bharat Fibre' broadband service in Kashmir Valley

• State-owned telecom firm BSNL has become the first operator to start optical fibre-based high-speed broadband service in Pulwama with the launch of 'Bharat Fibre'
• "This is the first such FTTH (fibre-to-the-home) service deployment in the (Kashmir) Valley under this unique revenue share model
• The ‘Bharat Fibre’ service has been launched on a revenue sharing basis in a business collaborative model with the local channel partner of Pulwama area.

7. Apurvi Chandela Becomes World Number One In 10m Air Rifle ISSF Rankings

• Shooter Apurvi Chandela became the world number one in women's 10m Air Rifle category with 1,926 rankings points, according to the latest rankings released by International Shooting Sport Federation (ISSF).
• The shooter, won the gold medal in 10m Air Rifle event in the New Delhi Shooting World Cup earlier this year.
• Anjum Moudgil, who was sixth in the eight-member final, occupies the second spot in world rankings.