India to Build Mongolia's 1st Oil Refinery by 2025.

  • Mongolia Ambassador to India Dambajav Ganbold has informed that the 1st oil refinery of Mongolia, which is built and funded with Indian assistance, will be completed by 2025.
  • The 1st stage of the Mongol Oil Refinery will be built with a $1.2 billion Indian soft loan.
  • The development comes with strategic implications as Mongolia is entirely dependent on Russia for its energy imports.
  • It would help Mongolia meet 70% of its demand domestically.

PM Modi flagged off India's 1st water metro in Kochi, Kerala.

  • PM Modi has inaugurated India's 1st water metro in Kochi (Kerala), which connects 10 islands around Kochi through battery-operated electric hybrid boats.
  • The metro project will start with eight electric hybrid boats developed under Cochin Shipyard Limited.
  • It was funded by the Kerala govt and the German company KfW.
  • It consists of 38 terminals and 78 electric boats.
  • The 1st phase of this project started from the High Court-Vypin and Vyttila-Kakkanad terminals.

Sharjah stadium stand named after Sachin Tendulkar.

  • The West Stand at the Sharjah cricket stadium has been renamed after Indian former cricketer, Sachin Tendulkar in a special ceremony in the UAE, honouring the Indian cricket legend on his 50th birthday.
  • Sharjah Cricket Stadium holds the Guinness record for most One-Day internationals played (244).
  • The gate at the Sydney Cricket Ground was also named after Sachin Tendulkar on his 50th birthday.
  • CEO of Sharjah Stadium: Khalaf Bukhatir.

India launches Operation Kaveri to evacuate stranded citizens from Sudan.

  • India has launched a rescue operation named Operation Kaveri to evacuate its stranded citizens from Sudan.
  • Two C-130s aircraft and the navy ship INS Sumedha is on standby to evacuate Indians.
  • The name for rescue operations in Sudan has been kept Operation Kaveri for the same purpose that Prime Minister Modi chose to name rescue ops in Ukraine Operation Ganga.
  • Kaveri is one of the major Indian rivers flowing through Karnataka and Tamil Nadu.

Zimbabwe to Introduce Gold-Backed Digital Currency.

  • The Reserve Bank of Zimbabwe will launch a gold-pegged digital currency and legalize them in the country.
  • It is believed that the government took this step for stabilizing the local currency after its continuous devaluation in comparison to the U.S. dollar.
  • This initiative taken by Zimbabwe will allow the exchange of Zimbabwean dollars with digital gold tokens and secure Zimbabweans against currency volatility.
  • Zimbabwe Capital: Harare; President: Emmerson Mnangagwa

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