• The acquisition by Lightstone Fund S.A., for and on behalf of Lightstone Global Fund (LGT) of certain equity stakes has been approved by the Competition Commission of India (CCI).

• Under Section 31(1) of the Competition Act, 2002, the Lightstone Fund S.A. will acquire certain equity stakes in 91Streets Media Technologies Pvt. Ltd. (91Streets), Ascent Health and Wellness Solutions Pvt. Ltd. (Ascent), API Holdings Pvt. Ltd. (API), Aahaan Commercials Pvt. Ltd. (Aahaan) and Lokprakash Vidhya Pvt. Ltd. (Lokprakash).

• Lightstone Fund S.A.: It was established as an umbrella fund structure with initially one sub-fund, i.e. Lightstone Global Fund and is presently managed by LGT Capital Partners (Ireland) Limited.

• Indian conglomerate Tata Group has launched a new app purported to bring together the country's disparate sales sector to offer a range of consumer goods in a “super app,”

• The app will offer food and grocery ordering, fashion and lifestyle, consumer electronics and consumer durables, insurance and financial services, education, healthcare and bill payments,

• The app will put the conglomerate in competition with giants of the region like Reliance Industries and global titans like Amazon.

• The Finance Ministry of the Government of India has declared in a series of statements that Businesses with an annual turnover of up to Rs 40 lakh will enjoy GST exemption.

• Previously the threshold limit was Rs 20 lakh.

• During the commemoration ceremony of the first death anniversary of former Finance Minister Arun Jaitley, the Finance Ministry of GoI released a series of statements

• GST has reduced the tax rate as well as increased the number of taxpayers.

• The business with an annual turnover of up to Rs 40 lakh will be shifted under the GST exempt category.

• The organization with a turnover up to Rs. 1.5 crore can adopt the Composition Scheme and pay only 1% tax.

• Union Minister of Commerce and Industry, Piyush Goyal has inaugurated the National Digital Conference on “Easing Doing Business for Atmanirbhar Bharat”.

• This conference is organized by the Confederation of Indian Industry (CII) with the Department for Promotion of Investment and Internal Trade (DPIIT) to improve the business environment of India.

• The Conference deliberated on a range of issues like major regulatory reforms are undertaken by the government across various indicators of doing business.

• Hyderabad based energy solution provider, Greenko Energies Private Limited has entered into a Memorandum of Understanding (MoU) with with NTPC Vidyut Vyapar Nigam (NVVN) to explore renewable energy power supply solution and energy storage.

• This comes under the framework of India’s World largest clean energy programme, a part of global climate change commitments, which aims to have 175 GW of clean energy by 2022.

• NTPC Vidyut Vyapar Nigam (NVVN) is a wholly-owned subsidiary of NTPC limited.

• The National Highways Authority of India (NHAI) has developed the ‘Vendor Performance Evaluation System’ to establish a transparent and comprehensive performance rating system for its consultants, contractors and concessionaires.

• The portal-based objective assessment of vendors was initiated to track the vendor performance for various NHAI projects.

• The vendors are required to conduct a self-assessment and upload the documents related to the project activities executed by them on the portal.

• Vendor rating is generated based on the review(of the submissions) made by the NHAI at multiple levels.

• UTI Infrastructure Technology And Services Limited (UTIITSL) has signed MoU with National Health Authority (NHA) for providing the printing services of e-cards to the beneficiaries under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).

• UTIITSL will be providing the services of printing of e-cards through its branches and PSAs.

• The National Health Authority (NHA) is the apex agency of the Government of India responsible for the design, roll-out, implementation and management of Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) and the National Digital Health Mission across the country.

• NHA functions as an attached office of the Ministry of Health and Family welfare and is governed by a Governing Board chaired by the Union Minister of Health & Family Welfare.

• PM Narendra Modi has given approved a new pan India Central Sector Scheme called ‘Agriculture Infrastructure Fund’

• It will provide medium to long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets

• The duration of the Scheme shall be from FY2020 to FY2029 (10 years).

• It will be managed and monitored through an online Management Information System (MIS) platform by MIS platform

• The government is launching the Floating Rate Savings Bonds 2020 (Taxable) scheme from July 01, 2020

• The Floating Rate Savings Bonds 2020 (FRSB Bonds) will have a tenure of 7 years and the interest rate will keep varying during the tenure of the scheme.

• Currently, the rate of interest has been set at 7.15 per cent per annum payable half-yearly.

• The minimum investment amount is Rs 1000, while there will be no maximum limit for investments made in the Bonds. The maximum investment in cash can be made up to Rs 20,000.

● The aim of setting up AHIDF is to unlock private sector investments in the animal husbandry sector.

● Through the fund, Infrastructural developments will be promoted in dairy, animal feed, and meat processing plants.

● As per Government estimate, the fund will help in creating up to 35 lakh jobs across the country.

● The total budget for the fund is Rs 15,000 crores. Beneficiaries of the fund will be MSMEs, Farmer Producer Organisations (FPOs), private Companies, Section 8 companies, and Individual Entrepreneurs working in the Animal Husbandry Sector.

● Beneficiaries will be provided with a 3 percent interest subvention by the Government of India.