1. The World’s Twenty20 championship 7th edition next year is all set to be scrapped and pushed to 2020 as top member nations will be busy with bilateral commitments on 2018.
  2. Pakistan won the ICC Champions Trophy 2017 title by defeating India by 180 runs in the final.
  3. Indian shuttler k. Srikanth clinched his third super series title, Indonesian Open, with a victory over Japanese Kazumasa Sakal in finals.


  1. Union Finance Minstry has asked four large PSU lenders, (Punjab National Bank, Bank of Baroda, Canara Bank and Bank of India), to explore opportunities for acquisition of small and mid-sized banks with a goal to create global sized lenders.

Emerging Terms, News and Other:

  1. Signed copy of German dictator Adolf Hitler’s autobiography, Mein Kampf, has been sold for a whopping euro 17,000.
  2. Dinesh Kumar Sarraf, chairmam of $33 billion energy major ONGC.
  3. ZED: Zero defect, Zero effect.
  4. Leaders of the China-backed Asian Infrastructure Investment Bank (AIIB), which has 80 member countries was set to help meet the estimated $26 trillion need for infrastructure spending in Asia through 2030. President of AIIB- Jin Liqun.
  5. AAI- Airport Authority of India- Chairman- Guruprasad Mohapatra.
  6. LPA-Low Pressure Area- related to monsoon rainfall.
  7. ZLD– Zero Liquid Discharge

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