RaiTel Awarded International Organization for Standardization (ISO) 14001:2015 Certification.

RaiTel has been awarded the prestigious ISO 14001:2015 certification by the International Organization for Standardization (ISO). This certification recognizes RaiTel's commitment to environmental management systems, demonstrating the company's adherence to global standards in minimizing its environmental impact. Achieving ISO 14001:2015 certification underscores RaiTel's dedication to sustainability, continuous improvement, and responsible resource management. The certification process involved rigorous evaluation of RaiTel's environmental policies and practices, ensuring they align with international norms. This accomplishment reinforces RaiTel's position as a responsible corporate entity committed to environmentally sustainable operations.

India Makes First Payment to Sri Lanka for Power Projects.

India has made its first payment to Sri Lanka as part of a significant bilateral agreement to develop power projects on the island nation. This collaboration marks a major step in strengthening the energy partnership between the two countries. The power projects aim to enhance Sri Lanka's energy infrastructure and ensure a stable supply of electricity. The payment signifies India's commitment to supporting Sri Lanka's development goals and fostering regional cooperation. Both nations view this initiative as a crucial component of their broader economic and diplomatic ties, contributing to long-term regional stability and prosperity.

Bank of Baroda's BOBCARD Unveils High-End Credit Card ETERNA on RuPay Network.

Bank of Baroda (BOB) has launched its premium credit card, ETERNA, on the RuPay network. Designed to offer a high-end experience, ETERNA caters to affluent customers seeking exclusive benefits and luxury services. The card provides a range of features including higher credit limits, personalized concierge services, and access to premium lounges and travel benefits. The collaboration with RuPay enhances the card's reach and acceptance across India. This move is part of BOB's strategy to expand its credit card portfolio and cater to the evolving needs of its high-net-worth clients.

IndiaFirst Life Becomes First Indian Life Insurer to Start Operations in GIFT City.

IndiaFirst Life Insurance has become the first Indian life insurer to commence operations in GIFT City, Gujarat. The company’s move into the Gujarat International Finance Tec-City (GIFT City) marks a significant milestone for the Indian insurance sector, enabling it to tap into global opportunities and offer innovative products. GIFT City is India’s first operational smart city and an international financial services hub. By establishing its presence here, IndiaFirst Life aims to expand its reach and provide services to a broader customer base, leveraging the benefits of GIFT City’s regulatory environment and international market access.

International day of the victims of enforced disappearances is celebrated on 30 august.

On August 30, 2024, International Day of the Victims of Enforced Disappearances was marked by global calls for justice and accountability. Activists and families of the disappeared held protests and vigils worldwide, highlighting ongoing human rights abuses. In recent news, several countries faced renewed scrutiny over their handling of forced disappearances, with demands for international investigations and support for survivors intensifying. The day emphasized the need for greater transparency and protection for vulnerable populations.

"National Small Industry Day Celebrated on August 30 to Honor Small Business Contributions.

National Small Industry Day, observed annually on August 30, celebrates the pivotal role of Micro, Small, and Medium Enterprises (MSMEs) in shaping economies worldwide. According to the United Nations, MSMEs represent 90% of businesses, generate 60 to 70% of employment, and contribute 50% of global GDP. These enterprises are not just economic entities but the backbone of societies, fostering livelihoods and driving inclusive growth, especially among the working poor, women, youth, and vulnerable communities.

Air Chief Marshal V R Chaudhari launches first comic book on Indian Air Force heroes.

Chief of the Air Staff, Air Chief Marshal VR Chaudhari has launched the first comic book in the series of heroes of the Indian Air Force today. The book published by the Indian Air Force is aimed at presenting historical and heroic narratives of the Indian Air Force since its inception. It also aims to educate the readers about the war history of the Indian Air Force and foster a sense of duty and inspiration among the youth of the nation. This comic book consists of two stories, the first is about the Marshal of the Air Force Arjan Singh DFC and the second is about the 1971 epic Battle of Boyra. It also gives out information about career choices in the Indian Air Force and the eligibility criteria.

ESAF Small Finance Bank Launches INORI (Innovative RuPay Offering for Regional Inclusivity) RuPay Platinum Card with Exclusive Benefits.

ESAF Small Finance Bank has launched the INORI (Innovative RuPay Offering for Regional Inclusivity) RuPay Platinum Card, aimed at providing exclusive benefits to its customers. This card offers a range of privileges, including access to airport lounges, fuel surcharge waivers, and attractive reward points on every transaction. The INORI card is designed to cater to the banking needs of customers across various regions, promoting financial inclusivity. With this launch, ESAF Small Finance Bank continues its commitment to offering innovative products that enhance the banking experience for its customers.

Department of Higher Education Selects 16 Teachers from Higher Education Institutions and Polytechnics for NAT 2024.

The Department of Higher Education (DoHE) has selected 16 teachers from Higher Education Institutions (HEIs) and polytechnics for the National Assessment Test (NAT) 2024. This selection aims to enhance the quality of education and ensure a rigorous evaluation process. The chosen educators will play a crucial role in assessing and improving educational standards across various disciplines. This initiative is part of DoHE’s ongoing efforts to support and develop a robust educational framework in the country, aligning with national standards and promoting excellence in teaching and learning.

Government of India Appoints Satish Kumar Vaduguri as Interim Chairman of IOCL and Rajneesh Narang as Interim CMD of HPCL.

The Government of India has appointed Satish Kumar Vaduguri as the interim Chairman of Indian Oil Corporation Limited (IOCL) and Rajneesh Narang as the interim Chairman and Managing Director (CMD) of Hindustan Petroleum Corporation Limited (HPCL). Vaduguri, who has been with IOCL for several years, will oversee the company's operations until a permanent Chairman is appointed. Narang, with extensive experience in the energy sector, will lead HPCL in a similar interim capacity. These appointments come as part of routine administrative changes within major public sector enterprises to ensure smooth functioning and continuity in leadership.

Shubhasri Appointed as MD & CEO of Shriram Capital.

Shubhasri has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Shriram Capital. This significant leadership change marks a new chapter for the company as it continues to expand its operations and strengthen its market presence. Shubhasri, with extensive experience in financial services, is expected to drive strategic growth and innovation at Shriram Capital. Her appointment reflects the company's commitment to enhancing its executive leadership and achieving long-term business objectives. Shubhasri will be instrumental in steering the company through its next phase of development.

"Union Minister Smt. Annpurna Devi Launches SHe-Box Portal and New Ministry Website to Enhance Workplace Safety for Women.

The Ministry of Women and Child Development, under the leadership of Union Minister Smt. Annpurna Devi, has launched the new SHe-Box portal, a centralized platform for registering and monitoring complaints of sexual harassment of women at the workplace. The launch event was held in New Delhi . She also launched the new website of the Ministry during the event. Minister of State for Women and Child Development Smt. Savitri Thakur and Secretary for Women and Child Development Shri Anil Malik alongwith other officials of the Ministry were also present on the occasion.

Gautam Adani Becomes India's Richest Man According to 13th Hurun India Rich List 2024.

Gautam Adani has claimed the top spot as India’s richest man, according to the 13th Hurun India Rich List 2024. Adani, the chairman and founder of the Adani Group, has surpassed other prominent Indian billionaires with a significant increase in his net worth. The Hurun India Rich List, which ranks the wealthiest individuals in the country, highlights Adani’s rapid financial ascent and influential position in the business world. This achievement underscores the impressive growth of the Adani Group and reflects broader trends in India's economic landscape.

Indian Navy Commissions Indian Naval Design Arihant-Class Submarine in Visakhapatnam.

The Indian Navy has commissioned the latest Arihant-Class submarine at Visakhapatnam. This advanced vessel is part of India's nuclear submarine program and represents a significant leap in the country's defense capabilities. The submarine is equipped with state-of-the-art technology, enhancing India's maritime security. Its commissioning marks a milestone in the Indian Navy's strategic plans, contributing to the nation's deterrent and defense posture. This achievement underscores India's commitment to advancing its naval power and securing its maritime interests.

ISRO Successfully Demonstrates Satellite Technique to Study Ocean and Soil Parameters.

The Indian Space Research Organisation (ISRO) has successfully demonstrated a new satellite-based technique for studying ocean and soil parameters. This innovative approach will allow for more accurate monitoring of critical environmental factors, such as ocean salinity and soil moisture. These advancements are expected to enhance India's ability to manage natural resources and respond to environmental challenges. By leveraging satellite technology, ISRO continues to play a pivotal role in supporting sustainable development and climate resilience. The successful demonstration underscores India's growing expertise in space technology and its application to real-world problems.

Dawid Malan Announces Retirement from International Cricket.

Dawid Malan, the English cricketer known for his explosive batting and key role in the team, has announced his retirement from international cricket. Malan, who has been a significant figure in England's batting lineup, made the announcement via a heartfelt message on social media. His decision marks the end of a distinguished international career that saw him contribute significantly in all formats of the game. Malan's retirement comes after a series of notable performances and will be remembered for his consistent contributions and dedication to the sport. Fans and colleagues alike have expressed their respect and admiration for his career.

In the 8th EPC meeting, the Transport Ministry approved grants of ₹50 lakh each to 4 start-ups in transport technologies.

At the 8th Entrepreneurial Promotion Committee (EPC) meeting, the Ministry of Transport (MoT) approved grants of ₹50 lakhs each for four start-ups working in transport technologies. The initiative aims to support innovative solutions that enhance efficiency and sustainability in the transportation sector. The selected start-ups will receive financial support to develop and implement their projects, contributing to advancements in transport infrastructure and technology. This move aligns with the government's commitment to fostering entrepreneurship and technological innovation within the transport industry.

CCI Approves Merger of RIL (Reliance Industries Limited) 's Media Assets with Walt Disney.

The Competition Commission of India (CCI) has approved the merger of Reliance Industries Limited (RIL) media assets with Walt Disney. This strategic move will consolidate RIL’s extensive media portfolio with Disney’s global entertainment network, creating a significant player in the media and entertainment sector. The merger is expected to enhance content offerings and expand market reach. Both companies anticipate that this collaboration will lead to greater innovation and competitive advantage in the industry. The approval comes after thorough review and consideration by the CCI, ensuring compliance with regulatory standards.

Union Cabinet Approves Progressive Expansion of Central Sector Scheme under Agriculture Infrastructure Fund.

The Union Cabinet has approved the progressive expansion of the Central Sector Scheme under the Agriculture Infrastructure Fund (AIF). This move aims to strengthen the agricultural sector by providing financial support for the creation of post-harvest management infrastructure and community farming assets. The expansion will facilitate increased credit flow and investment in agriculture, benefiting farmers, agripreneurs, and agricultural cooperatives. The scheme, which initially targeted infrastructure development, will now include additional components to ensure comprehensive agricultural growth and sustainability. This decision is expected to boost rural economies and enhance the overall agricultural productivity of the country.

Ministry of Road Transport and Highways Launches Vehicle Scrapping Policy to Phase Out Polluting Vehicles.

The Ministry of Road Transport and Highways (MoRTH) has introduced a new vehicle scrapping policy aimed at phasing out older, polluting vehicles from the roads. This initiative is designed to reduce air pollution and promote environmental sustainability. Under the policy, vehicles that are more than 15 years old and fail to meet emission standards will be eligible for scrapping. Owners of these vehicles will receive incentives for upgrading to newer, cleaner models. The move is expected to improve air quality and support the automotive industry by encouraging the adoption of advanced, eco-friendly technologies.

"DoT Hosts Conference on Disaster Management and Capacity Building with National Telecom and Information Technology Institute (NTIPRIT) and LSA Delhi.

The Department of Telecommunications (DoT) recently hosted a conference focused on experience sharing and capacity building in disaster management. This event was organized in collaboration with the National Telecom and Information Technology Institute (NTIPRIT) and LSA Delhi. The conference aimed to enhance the skills and knowledge of participants through discussions and presentations on effective disaster management practices. Experts from various sectors shared their insights and experiences, contributing to a comprehensive understanding of disaster preparedness and response strategies. The event was well-received, providing valuable opportunities for networking and learning among professionals in the field.

Indian Railways Integrates DigiLocker with Hiring Portal to Speed Up Recruitment.

Indian Railways has announced the integration of DigiLocker with its recruitment portal to streamline and expedite the hiring process. This new initiative aims to reduce the time required for document verification and processing by allowing candidates to submit and verify their documents digitally. By leveraging DigiLocker, which is a secure digital storage platform, the railways expect to enhance efficiency and reduce paperwork, leading to a faster recruitment cycle. This move is part of the broader digital transformation strategy of Indian Railways to modernize its operations and improve service delivery.

Capitalmind Gets SEBI's In-Principle Approval to Launch New Mutual Fund.

Capitalmind has received in-principle approval from the Securities and Exchange Board of India (SEBI) to launch a new mutual fund. This approval marks a significant milestone for the investment firm, allowing it to offer a new range of mutual fund products to investors. The company plans to use this opportunity to expand its portfolio and cater to diverse investment needs. The approval from SEBI is a testament to Capitalmind’s commitment to compliance and regulatory standards, positioning the firm as a trusted player in the Indian mutual fund market.

RBI Imposes Monetary Penalty of ₹1.5 Lakh on Valsad Mahila Nagrik Sahakari Bank.

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.5 lakh on Valsad Mahila Nagrik Sahakari Bank for failing to adhere to regulatory norms. The penalty comes as a result of the bank's non-compliance with specific directions issued by the RBI. The central bank has emphasized the importance of strict adherence to regulatory requirements to ensure the stability and reliability of financial institutions. The RBI's action highlights its ongoing efforts to maintain high standards in the banking sector and safeguard the interests of depositors.

ReNew and Microsoft Sign 437.6 MW Clean Power Purchase Agreement.

Renew Power and Microsoft have signed a significant clean energy agreement, committing to the purchase of 437.6 megawatts (MW) of renewable energy. This partnership underscores both companies' dedication to sustainability and reducing their carbon footprint. The deal, part of Microsoft's broader strategy to achieve its carbon neutrality goals, will support the development of renewable energy projects in India. By investing in clean power, both Renew Power and Microsoft aim to drive positive environmental impact and contribute to a greener future. This agreement marks a major milestone in their ongoing efforts to support global climate goals.

V. Srinvas, Secretary of DoPPW, Conferred Anubhav Awards and Jury Certificates.

V. Srinvas, Secretary of the Department of Pension and Pensioners' Welfare (DoPPW), recently conferred the prestigious Anubhav Awards and Jury Certificates. The awards recognize outstanding contributions and achievements in the field of pension services. The ceremony highlighted exceptional efforts and innovations that have significantly improved the quality of pension administration. Srinvas praised the recipients for their dedication and impactful work, emphasizing the importance of continuous improvement in public service. The event underscored the department’s commitment to acknowledging excellence and motivating others to strive for higher standards in their professional endeavors.

B. Srinivas Appointed as the New Director General of the National Security Guard (NSG).

B. Srinivas has been appointed as the new Director General of the National Security Guard (NSG), a premier counter-terrorism unit in India. His appointment was announced by the Ministry of Home Affairs. Srinivas brings a wealth of experience to the role, having served in various senior positions within the Indian Police Service. As Director General, he will oversee the NSG’s operations, strategic planning, and counter-terrorism initiatives. This leadership change is expected to bring new strategies and enhance the operational effectiveness of the NSG in safeguarding national security.

India Orders Additional 73,000 SIG-716 Assault Rifles from the US.

India has placed a new order for 73,000 SIG-716 assault rifles from the United States. This decision is part of India's efforts to modernize its armed forces and enhance operational capabilities. The SIG-716 rifles are known for their reliability and advanced features, making them a preferred choice for modern military operations. The acquisition is expected to bolster India's defense infrastructure and improve the efficiency of its armed personnel. This move underscores the strengthening defense partnership between India and the US, reflecting ongoing collaboration on military technology and equipment.

International day against nuclear tests is celebrated on 29 August 2024.

On August 29, 2024, the International Day Against Nuclear Tests was observed globally. This significant day highlights the importance of a world free from the threats posed by nuclear testing. The observance aims to raise awareness about the catastrophic impacts of nuclear tests on the environment and human health. It also calls for the strengthening of international treaties and agreements aimed at nuclear disarmament. This day is a reminder of the collective responsibility to work towards a safer, nuclear-free world.

National Payments Corporation of India (NPCI) Introduces Bharat Bill Payment System for Business UPI Circle at Global Fintech Fest 2024.

At the Global Fintech Fest 2024, the National Payments Corporation of India (NPCI) introduced the Bharat Bill Payment System (BBPS) for the Business UPI Circle. This new initiative aims to streamline and enhance bill payment processes for businesses, offering them a more efficient and secure way to manage payments. BBPS, which has already revolutionized consumer bill payments, is now extended to the Business UPI Circle, providing a unified platform for business transactions. This move is expected to further accelerate digital payment adoption across various industries, reinforcing India's position as a global leader in fintech innovation.

RBI Recognizes Fintech Association for Consumer Empowerment as Self-Regulatory Organization for Fintech (SRO-FT).

The Reserve Bank of India (RBI) has officially recognized the Fintech Association for Consumer Empowerment as a Self-Regulatory Organization for Fintech (SRO-FT). This designation marks a significant milestone in the regulation of fintech companies in India. As an SRO-FT, the association will have the authority to set and enforce standards, ensuring better protection and empowerment for consumers in the financial technology sector. This recognition aims to enhance transparency and accountability within the industry, fostering greater trust and stability in the fintech ecosystem.

National sports day is celebrated on 29 August 2024.

National Sports Day was celebrated on August 29, 2024, across India. This annual event honors the birth anniversary of hockey legend Major Dhyan Chand. Various sports activities and events were organized nationwide to promote fitness, sportsmanship, and national pride. Schools, colleges, and sports institutions held competitions and exhibitions to encourage youth participation in sports. The day highlights the importance of sports in personal development and national unity. It serves as a reminder of the contributions of athletes to the country and aims to inspire the next generation to engage in physical activities.

Union Minister Jyotiraditya Scindia Inaugurates 10m Air Pistol Shooting Range in Gwalior Named After Manu Bhaker.

Union Minister Jyotiraditya Scindia recently inaugurated a 10-meter air pistol shooting range in Gwalior, which has been named after Olympic medallist Manu Bhaker. The new facility aims to promote shooting sports and provide advanced training opportunities for aspiring athletes. Scindia emphasized the importance of developing sports infrastructure to nurture talent and enhance India's performance in international competitions. The inauguration was attended by local officials and sports enthusiasts, who praised the initiative as a significant step forward for the region’s sporting community.

ICAR-CIFE and VAMNICOM (Vaikunth Mehta National Institute of Cooperative Management) Sign MoU to Enhance Cooperative Management in Fisheries.

The Indian Council of Agricultural Research - Central Institute of Fisheries Education (ICAR-CIFE) and Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM) have signed a Memorandum of Understanding (MoU) to boost cooperative management in the fisheries sector. The agreement aims to enhance collaboration and leverage expertise to improve the efficiency and sustainability of fisheries management. Through this partnership, both institutions will work together to develop innovative strategies and training programs to support cooperative fisheries management, ultimately contributing to the growth and development of the fisheries sector in India.

Spices Board Launches SPICED Scheme to Boost Spice Exports and Productivity.

The Spices Board has introduced the SPICED (Spice Promotion and International Connectivity for Export Development) scheme to enhance spice exports and productivity. This initiative aims to support spice growers and exporters by providing financial assistance, technical support, and market development opportunities. The SPICED scheme will focus on improving infrastructure, quality standards, and international market access for Indian spices. By fostering innovation and efficiency in the spice industry, the board hopes to boost India's position in the global spice market and contribute to the overall growth of the sector.

Ministry of Rural Development (MoRD) Signs MoU with MicroSave to Optimize Community Investment Funds.

The Ministry of Rural Development (MoRD)has signed a Memorandum of Understanding (MoU) with MicroSave to enhance the management and utilization of Community Investment Funds. This collaboration aims to improve financial inclusion and support rural development projects more effectively. By leveraging MicroSave’s expertise, the Ministry seeks to optimize the allocation of funds, ensuring that resources are used efficiently to benefit local communities. The MoU marks a significant step towards strengthening rural economies and fostering sustainable growth through better financial practices.

PayU Partners with Amazon Pay Later to Offer Instant Digital Credit to Indian Shoppers.

PayU has announced a strategic partnership with Amazon Pay Later to provide Indian shoppers with instant digital credit. This collaboration aims to enhance the shopping experience by offering seamless and quick access to credit for purchases. Through this initiative, consumers will be able to buy now and pay later, making it easier to manage expenses and make online transactions more flexible. The move is expected to boost e-commerce activity and cater to the growing demand for convenient credit solutions in India.

RBI Revokes Registration of Margdarshak Financial Services Due to High Net NPAs and Repayment Defaults.

The Reserve Bank of India (RBI) has revoked the registration of Margdarshak Financial Services due to significant financial issues. The decision was made following a review that highlighted the company's high net non-performing assets (NPAs) and frequent repayment defaults. This action aims to protect consumer interests and uphold financial stability. The RBI emphasized that such measures are necessary to ensure that financial institutions operate in a sound and prudent manner. Margdarshak Financial Services must cease its operations and address these concerns as part of the regulatory action taken by the RBI.

According to RBI study, Gujarat has surpassed Uttar Pradesh as the top investment destination in FY24.

According to the latest RBI study, Gujarat has overtaken Uttar Pradesh as the top investment destination in the fiscal year 2024. The study highlights Gujarat's growing appeal among investors due to its favorable business environment, robust infrastructure, and effective governance. The state's strategic initiatives and policies have significantly enhanced its attractiveness for both domestic and international investments. Uttar Pradesh, which previously held the top position, continues to be a key player but has been edged out by Gujarat's rapid development and investor-friendly reforms. This shift reflects a broader trend of evolving investment dynamics across India.

Jay Shah Becomes Youngest ICC Chairman and CEO of Railway Board.

Jay Shah has made history by becoming the youngest chairman of the International Cricket Council (ICC) and the CEO of the Railway Board. At just [age], Shah's new roles mark significant achievements in his career. As ICC chairman, he will oversee global cricket operations and strategic planning, while his role as Railway Board CEO will involve leading one of India's largest and most critical transportation sectors. His appointments reflect his growing influence and leadership in both sports and public administration. Shah's dual roles are expected to bring fresh perspectives and innovative changes to both organizations.

ISRO's SAC Signs MoU with alphaMERS to Combat Marine Pollution Using AI.

The Indian Space Research Organisation's Space Applications Centre (ISRO's SAC) has signed a Memorandum of Understanding (MoU) with the technology firm alphaMERS to address marine pollution. The collaboration aims to leverage artificial intelligence (AI) to monitor and mitigate pollution in marine environments. By utilizing advanced AI algorithms and satellite data, the partnership seeks to enhance the detection of pollutants and improve response strategies for marine conservation. This initiative is expected to make significant strides in protecting marine ecosystems and promoting sustainable practices in environmental management.

ACC Approves Satish Kumar's Appointment as Chairman and CEO of Railway Board.

The Appointment Committee of the Cabinet (ACC) has approved Satish Kumar's appointment as the Chairman and CEO of the Railway Board. Kumar, who previously served in various senior positions within the Indian Railways, will now lead the board in overseeing the management and development of the railway sector. His extensive experience in railways is expected to bring strategic improvements and efficiency to the board's operations. This appointment is a significant step towards enhancing the functioning and modernization of the Indian Railways.

Jal Jeevan Mission Celebrates 5th Anniversary Significant Progress in Providing Tap Water to Rural India.

The Jal Jeevan Mission, a flagship program of the Government of India, is celebrating its 5th anniversary. Launched on August 15, 2019, by Prime Minister Narendra Modi, the mission aims to provide safe and adequate drinking water through individual household tap connections in rural India by 2024. Over the past five years, the mission has significantly increased the number of rural households with access to tap water. This milestone is being marked by various events and activities across the country, highlighting the progress made and the mission’s ongoing commitment to ensuring water security for all.

Pradhan Mantri Jan Dhan Yojana Celebrates 10 Years of Successful Implementation.

The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014, has completed 10 years of successful implementation. This flagship financial inclusion program aimed to provide access to banking services for all households, particularly those in rural and underserved areas. Over the decade, PMJDY has opened millions of bank accounts, significantly increasing financial literacy and inclusion across India. With features like zero-balance accounts and insurance coverage, the scheme has empowered numerous citizens. The 10-year milestone highlights the program's impact on reducing financial disparities and enhancing economic participation among India's population.

Yes Bank Partners with Newtap Finance to Offer Innovative Financing Solutions.

Yes Bank has entered into a strategic partnership with Newtap Finance to provide innovative financing solutions. This collaboration aims to enhance access to personalized financial products and services. By combining Yes Bank's robust financial expertise with Newtap Finance's cutting-edge technology, the partnership seeks to offer tailored solutions that address diverse customer needs. This initiative will streamline the financing process and improve the overall customer experience. Both organizations are committed to leveraging their strengths to deliver advanced, customer-centric financial solutions in the rapidly evolving Markets.

India Wins Silver at Maruhaba Cup and Secures First-Ever Surfing Spots for Asian Games 2024.

India achieved a historic milestone at the Maruhaba Cup by winning the silver medal. This remarkable accomplishment not only highlights the growing prominence of surfing in the country but also ensures that India will have its first-ever surfing spots in the Asian Games 2024. The Maruhaba Cup, part of the Asian Surfing Championship, showcased some of the best talents in the sport, and India's performance was a testament to its rising prowess in international surfing. This achievement marks a significant step forward for Indian surfing, promising a bright future and increased visibility on the continental stage.

Axiom Space and Nokia Partner to Introduce 4G Technology in NASA's Lunar Spacesuits.

Axiom Space and Nokia have announced a groundbreaking partnership to integrate 4G technology into NASA's lunar spacesuits. This collaboration aims to enhance communication and data transmission capabilities for astronauts on the Moon. The 4G technology will enable real-time communication, improved telemetry, and increased connectivity, essential for mission success. By embedding this advanced technology into spacesuits, Axiom and Nokia are contributing to a more efficient and interactive lunar exploration experience. This innovation represents a significant leap in space technology, ensuring that astronauts remain connected and can perform their tasks more effectively during their missions.

New Plant Species Cleistanthus deekshabhoomiana Discovered in Maharashtra"

A new plant species, Cleistanthus deekshabhoomiana, has been discovered in Maharashtra. This species, named after the Deekshabhoomi site where it was found, belongs to the Euphorbiaceae family. The discovery was made by a team of botanists during a field study in the region's diverse ecosystems. Cleistanthus deekshabhoomiana is notable for its unique floral characteristics and habitat preferences, which differ from other known species in the genus. This finding highlights the rich biodiversity of Maharashtra and underscores the importance of continued exploration and conservation efforts to protect these newly identified species.

Indian Defence Minister Rajnath Singh’s US Visit Focuses on Deepening Military Ties, Bilateral Defence Cooperation, and Technological Advancements.

Indian Defence Minister Rajnath Singh's recent visit to the US underscored efforts to bolster military ties and strategic collaboration. Singh met with US Defence Secretary Lloyd Austin to discuss enhancing bilateral defence cooperation and regional security. The visit highlighted plans to increase joint military exercises and share technological advancements. Singh also engaged with US lawmakers and industry leaders, emphasizing a commitment to deepening strategic partnerships and addressing global security challenges.

Sindhu Gangadhar, MD of SAP Labs India, Appointed Chairperson of National Association of Software and Service Companies (NASSCOM).

Sindhu Gangadhar, the Managing Director of SAP Labs India, has been appointed as the Chairperson of the National Association of Software and Service Companies (NASSCOM). With her extensive experience in the tech industry, Gangadhar is set to lead NASSCOM through its next phase of growth and innovation. Her appointment comes at a crucial time for the organization as it continues to play a pivotal role in the Indian IT sector, advocating for policy changes, fostering industry growth, and supporting member companies. Gangadhar’s leadership is expected to bring fresh perspectives and drive strategic initiatives within NASSCOM.

"On August 25, 2024, PM Modi inaugurated infrastructure projects in Maharashtra and addressed agricultural and water conservation issues in Rajasthan."

On August 25, 2024, Prime Minister Narendra Modi undertook a crucial visit to Maharashtra and Rajasthan. In Maharashtra, he inaugurated several key infrastructure projects, including a major road network expansion and a new industrial park, aimed at stimulating regional development. Following this, Modi traveled to Rajasthan, where he addressed a large public gathering. He emphasized the central government's dedication to advancing agricultural practices and improving water conservation efforts in the state. The visit underscored the government's commitment to enhancing economic opportunities and infrastructural progress in both states, reflecting a focus on regional development and public welfare.

Ministry of Home Affairs Announces Creation of Five New Districts in Ladakh Zanskar, Drass, Sham, Nubra, and Changthang.

The Ministry of Home Affairs (MHA) has announced the creation of five new districts in Ladakh. These new districts—Zanskar, Drass, Sham, Nubra, and Changthang—aim to enhance administrative efficiency and ensure better governance in the region. The move is expected to address local administrative challenges and provide improved public services. This reorganization will help cater to the unique needs of each area and facilitate more focused development initiatives. The decision reflects the government's commitment to strengthening administrative structures and promoting balanced regional development in Ladakh.

RBI Governor Shaktikant Das Unveils ULI (Unified Lending Interface) Platform for seamless lending to ease credit for MSMEs & farmers.

The Reserve Bank of India (RBI) will launch the Unified Lending Interface (ULI) nationwide in due course, aiming to transform India’s lending sector, similar to how the Unified Payments Interface (UPI) revolutionised the payments ecosystem, Governor Shaktikanta Das said on Monday. The new platform will provide lenders consent-based digital access to customer’s financial and non-financial data — including land records — stored in various silos to help them extend frictionless credit, especially to farmers and micro, small, and medium enterprises (MSMEs).

REC Limited to Finance ₹45,000 Crore for JNPS Infrastructure Projects.

REC Limited has announced its decision to finance ₹45,000 crore for infrastructure projects under the Jal Jeevan Mission's National Project for Sustainable Sanitation (JNPS). This funding will be directed towards the development of critical infrastructure to ensure sustainable sanitation and clean drinking water in various regions. The initiative aligns with the government's mission to provide essential services to rural areas, enhancing the quality of life and contributing to long-term sustainability. The REC's financial support is expected to accelerate the completion of these projects, reinforcing India's commitment to achieving its environmental and health goals.

India's Q1 FY25 GDP Growth Likely to Reach 7.1%, According to RBI.

India's GDP growth for the first quarter of FY25 is expected to reach 7.1%, according to the Reserve Bank of India (RBI). This aligns with the forecast provided by SBI Research. The robust growth projection reflects strong economic performance, driven by increased consumer spending and favorable market conditions. The RBI's optimistic outlook is supported by recent data indicating sustained growth across key sectors such as manufacturing, services, and agriculture. Analysts suggest that this growth momentum is crucial for achieving the overall annual GDP target, reinforcing India's position as one of the fastest-growing major economies in the world.

GAIL and Petron Sign MoU to Explore Establishing Bio-Ethylene Plant in India.

GAIL (India) Limited and Petron Corporation have signed a Memorandum of Understanding (MoU) to explore the establishment of a bio-ethylene plant in India. The collaboration aims to advance sustainable and eco-friendly chemical production by leveraging renewable resources. This initiative aligns with both companies' commitment to reducing carbon footprints and promoting greener technologies. The proposed bio-ethylene plant will contribute to the development of India's chemical industry while supporting the country's environmental goals. The partnership marks a significant step toward enhancing the use of bio-based materials and fostering innovation in the sector.

Jana Small Finance Bank Honored with Four Awards at ICC Emerging Asia Banking Conclave & Awards 2024.

Jana Small Finance Bank has been honored with four prestigious awards at the ICC Emerging Asia Banking Conclave & Awards 2024. The awards recognize the bank’s outstanding performance and innovation in the financial sector. The accolades highlight Jana Small Finance Bank's commitment to excellence and its significant contributions to emerging markets in Asia. The recognition reflects the bank’s dedication to delivering high-quality financial services and fostering economic growth. The awards ceremony, held in a grand setting, celebrated the achievements of institutions that have demonstrated remarkable progress and leadership in the banking industry.

Nari Hira, Renowned Film Producer and Owner of Magna Publishing, Passes Away.

Nari Hira, a renowned film producer and the owner of Magna Publishing, has passed away. Hira was a prominent figure in the Indian film industry, known for his significant contributions to cinema and publishing. Under his leadership, Magna Publishing became a key player in the media sector. His work in film production earned him respect and admiration across the industry. Hira's passing marks the end of an era for many in the field, leaving behind a legacy of creativity and innovation. He will be remembered for his impact on both cinema and publishing.

Former Lebanese Prime Minister Salim Ahmad al-Huss Passes Away.

Former Lebanese Prime Minister Salim Ahmad al-Huss has passed away at the age of 82. Al-Huss, who served as Prime Minister from 1998 to 2000, was a respected figure in Lebanese politics. His tenure was marked by efforts to stabilize the country's economy and political landscape. His death has prompted an outpouring of tributes from political leaders and citizens alike, reflecting on his significant contributions to Lebanon's development.

Former World Health Organization (WHO) Chief Scientist Soumya Swaminathan Releases Activist Kalpa Sankar's Autobiography.

Former World Health Organization (WHO) Chief Scientist Dr. Soumya Swaminathan has recently launched the autobiography of renowned activist Kalpa Sankar. The autobiography, which highlights Sankar's significant contributions to social justice and activism, has been praised for its inspirational narrative. Dr. Swaminathan, who is known for her influential role in global health, expressed her admiration for Sankar's work and emphasized the importance of documenting such impactful stories. The release event saw numerous guests from the fields of social activism and public health, celebrating the life and achievements of Kalpa Sankar.

Himachal Pradesh Government Launches Mukhya Mantri Sukh Sikhsha Yojana with Rs 53.21 Crore Allocation.

The Himachal Pradesh Government has launched the Mukhya Mantri Sukh Sikhsha Yojana with an allocation of Rs 53.21 crores. This initiative aims to improve the quality of education in the state, ensuring better learning environments for students. The scheme is expected to provide enhanced educational resources, infrastructure development, and support for teachers. With this allocation, the government intends to uplift the education sector, focusing on holistic development and equal opportunities for all students across the state.

According to PGCI Q2 2024, Manila Tops the List, Followed by Mumbai at 2nd and New Delhi at 3rd.

According to the latest PGCI Q2 2024 rankings, Manila has emerged as the top city, securing the 1st position. Mumbai follows closely in 2nd place, with New Delhi ranking 3rd. The PGCI (Preferred Global Cities Index) evaluates cities worldwide based on various factors, including economic performance, quality of life, and infrastructure. Manila's rise to the top spot reflects its growing prominence as a global hub. Mumbai and New Delhi's rankings underscore their continued significance in the global landscape. The PGCI rankings are closely watched by investors, businesses, and policymakers for strategic decision-making.

Shikhar Dhawan Announces Retirement from International and Domestic Cricket.

Indian cricketer Shikhar Dhawan has announced his retirement from both international and domestic cricket. Dhawan, known for his explosive batting and vital role in India's successes across formats, made the announcement through a heartfelt message on social media. Over his career, Dhawan earned accolades for his performances in ODIs and T20Is, including a memorable stint in the 2019 Cricket World Cup. His decision marks the end of a significant chapter in Indian cricket. Fans and teammates alike have praised Dhawan for his contributions to the game and his sportsmanship throughout his career.

Cabinet approves Vigyan Dhara scheme to promote S&T capacity building, research, innovation.

The Union Cabinet has approved the Vigyan Dhara scheme, aimed at boosting science and technology (S&T) capacity building, research, and innovation in India. This initiative is designed to enhance the country’s S&T infrastructure and foster a culture of research and development. The scheme will provide support for various S&T projects, promote collaboration between institutions, and encourage innovative solutions to address key challenges. By focusing on strengthening the S&T ecosystem, the Vigyan Dhara scheme seeks to position India as a global leader in scientific research and technological advancements.

Centre for Development of Advanced Computing (C-DAC) Signs MoU with Various Industries and Inaugurates New Hardware Emulation Facility.

The Centre for Development of Advanced Computing (C-DAC) has signed memorandums of understanding (MoUs) with several leading industries to collaborate on advanced computing technologies. The agreements aim to foster innovation and enhance technological capabilities across various sectors. As part of the initiative, C-DAC has inaugurated a new hardware emulation facility designed to accelerate research and development in computing hardware. This state-of-the-art facility will provide critical support for developing and testing advanced hardware solutions, reinforcing C-DAC's commitment to advancing technology and industry partnerships.

Coal Secretary Amrit Lal Meena Reviews Development of Indian Coal Mines Safety Report Portal.

Coal Secretary Amrit Lal Meena recently reviewed the development of the Indian Coal Mines Safety Report Portal. This portal is designed to enhance safety standards across coal mines in India by providing real-time updates and detailed safety reports. During the review, Meena emphasized the importance of technological advancements in improving safety measures and reducing accidents in the mining sector. The portal aims to streamline the reporting process and ensure timely interventions. The initiative is expected to significantly boost safety protocols and support the overall goal of minimizing risks associated with coal mining operations.

Ministry of Skill Development and Entrepreneurship (MSDE) and Flipkart Sign MoU to Upskill Employable Youth Across India.

The Ministry of Skill Development and Entrepreneurship (MSDE) has partnered with Flipkart to enhance the employability of youth across India. The two entities signed a Memorandum of Understanding (MoU) aimed at upskilling young individuals to meet the demands of the evolving job market. This collaboration will focus on providing vocational training and skill development programs, leveraging Flipkart's expertise in the e-commerce sector. The initiative is expected to create numerous opportunities for job seekers, equipping them with relevant skills and knowledge to secure employment and contribute effectively to the economy.

Prime Minister Visits Poland and Ukraine for Enhances Economic and Defense Ties and Supports Ukraine.

From August 21 to 23, 2024, the Prime Minister undertook a significant visit to Poland and Ukraine. In Poland, discussions focused on strengthening economic ties and enhancing defense cooperation. The Prime Minister met with Polish leaders to explore opportunities for joint ventures and investments. In Ukraine, the visit underscored solidarity and support for Ukraine’s sovereignty amid ongoing conflicts. Key meetings with Ukrainian officials aimed at discussing strategic partnerships and humanitarian aid. The visit highlighted a commitment to fostering stronger bilateral relations and addressing regional security challenges collaboratively.

TPSSL (Tata Power Solar Systems Limited) Partners with ICICI Bank to Offer Solar Loans.

Tata Power Solar Systems Limited (TPSSL) has teamed up with ICICI Bank to offer solar loans, aiming to boost the adoption of solar energy in India. This collaboration is designed to simplify the financing process for customers seeking to install solar power systems. The solar loans will feature attractive interest rates and flexible repayment options, making it easier for individuals and businesses to invest in renewable energy solutions. This initiative aligns with both TPSSL’s and ICICI Bank’s commitment to promoting sustainable energy practices and reducing carbon footprints across the country.

RBI Approves E-Mandate for Automatic Replenishment of FASTag and National Common Mobility Card (NCMC).

The Reserve Bank of India (RBI) has authorized the use of e-mandates for the automatic replenishment of FASTag and National Common Mobility Card (NCMC) accounts. This move aims to streamline the payment process for highway tolls and public transportation by ensuring that users' accounts are automatically topped up when funds fall below a specified threshold. The new system is expected to reduce transaction failures and improve the convenience of travel for users. By leveraging e-mandates, the RBI seeks to enhance the efficiency of toll and transit payments across the country.

Goldman Sachs Reduces India's GDP Growth Forecasts for 2024 and 2025.

Goldman Sachs has revised its growth forecasts for India's GDP for the years 2024 and 2025. The financial giant now predicts a slower economic expansion due to a combination of factors, including global economic uncertainties and domestic challenges. The updated forecast reflects concerns over weakening consumer demand and investment activity, which could impact India's economic trajectory. This adjustment comes as part of Goldman Sachs' broader analysis of emerging markets and their growth potential amid changing global conditions. The revised figures are expected to influence market expectations and economic planning for the coming years.

India Launches Its First Reusable Hybrid Rocket, RHUMI-1.

India has achieved a significant milestone with the launch of its first reusable hybrid rocket, RHUMI-1. The rocket, developed by the Indian Space Research Organisation (ISRO), combines solid and liquid propulsion technologies, marking a crucial step towards more cost-effective and sustainable space exploration. RHUMI-1 aims to demonstrate the feasibility of reusable rocket technology and improve India's capabilities in space missions. The successful launch is expected to boost India's position in the global space industry and enhance its ability to undertake ambitious space projects in the future.

Indian Army Transfers Xploder and Agniastra Technologies to Private Sector for Mass Production, Boosting Defense Capabilities.

The Indian Army has transferred its advanced Xploder and Agniastra technologies to the private sector for mass production. This strategic move aims to leverage the efficiency and innovation capabilities of private enterprises, ensuring these cutting-edge technologies are produced on a larger scale. The Xploder technology, known for its explosive capabilities, and Agniastra, which boasts advanced weaponry features, are set to enhance India's defense capabilities. The transfer marks a significant shift in defense procurement and production strategies, reflecting a growing emphasis on public-private collaboration in India's military modernization efforts.

McLaren's Lando Norris Triumphs at the 2024 Dutch Grand Prix.

Lando Norris of McLaren claimed a stunning victory at the 2024 Dutch Grand Prix, marking a significant achievement for both the driver and the team. Norris showcased exceptional skill and strategy, outpacing the competition in a thrilling race at Circuit Zandvoort. This win solidifies his position as one of the top contenders in the championship. McLaren's strong performance continues to challenge the dominance of other leading teams, adding excitement to the Formula 1 season. The Dutch Grand Prix victory is a testament to Norris's growth and McLaren's resurgence in the sport.

World water week is celebrated on 25 to 29 August 2024.

World Water Week will be observed from August 25 to 29, 2024. This annual event focuses on addressing global water issues and promoting sustainable water management practices. Organized by the Stockholm International Water Institute, it brings together experts, policymakers, and stakeholders to discuss innovative solutions and share knowledge. The theme for this year highlights the importance of water conservation and equitable distribution to ensure a secure water future for all. The week aims to increase awareness, foster collaboration, and drive action towards achieving global water goals.

Department of Posts and ISRO's National Remote Sensing Centre Forge Partnership to Revolutionize India's Addressing System.

The Department of Posts (DoP) and the National Remote Sensing Centre (NRSC) of ISRO have partnered to revolutionize India's addressing system. This collaboration aims to use advanced geospatial technology to create a digital address system that will enhance accuracy, reduce delivery times, and improve logistics efficiency. The new system is expected to provide precise location information for every address in the country, making it easier for postal services and businesses to reach customers. This initiative marks a significant step towards modernizing India's postal services and supporting the country's growing digital economy.

Piramal Finance and Central Bank of India Form Strategic Co-Lending Partnership.

Piramal Finance and Central Bank of India have announced a strategic co-lending partnership aimed at expanding access to credit for underserved segments. This collaboration will leverage the strengths of both institutions to provide customized financial solutions, enhance customer reach, and improve loan disbursement processes. The partnership seeks to combine Piramal Finance's expertise in retail lending with the Central Bank of India's extensive network, facilitating easier and more efficient loan access for individuals and small businesses. This initiative reflects a commitment to supporting financial inclusion and fostering growth in key economic sectors.

Planet Launches Tanager-1, Its First Hyperspectral Satellite, and 36 SuperDoves with SpaceX.

Planet Labs has successfully launched Tanager-1, its first hyperspectral satellite, along with 36 SuperDove satellites, in collaboration with SpaceX. The Tanager-1 satellite is designed to capture highly detailed images across a wide range of wavelengths, enabling advanced environmental monitoring and analysis. The 36 SuperDoves will enhance Planet's existing Earth observation constellation, providing high-resolution imagery for various applications. This launch marks a significant milestone for Planet Labs as it expands its capabilities in satellite imaging and Earth observation, contributing to global efforts in climate monitoring, agriculture, and disaster response.

DARPG (Department of Administrative Reforms and Public Grievances) Signs MoU with Malaysia for Five-Year Cooperation in Digital Governance Systems.

The Department of Administrative Reforms and Public Grievances (DARPG) of India has signed a Memorandum of Understanding (MoU) with Malaysia to enhance cooperation in digital governance systems. The agreement, spanning five years, aims to foster collaboration between the two countries in developing and implementing advanced digital governance solutions. This partnership is expected to facilitate knowledge exchange, improve public service delivery, and strengthen digital infrastructure. The MoU underscores a shared commitment to leveraging technology for better governance and public administration, marking a significant step in international cooperation in the digital domain.

Tata AIA Life Unveils 'Sampoorna Raksha Promise,' a New Term Insurance Product.

Tata AIA Life Insurance has launched a new term insurance product named 'Sampoorna Raksha Promise.' This comprehensive plan offers extensive coverage to ensure financial security for policyholders' families. It includes benefits like death cover, accidental death benefits, and optional riders for enhanced protection. The product aims to provide peace of mind and financial stability by safeguarding against unforeseen circumstances. With customizable options and competitive pricing, 'Sampoorna Raksha Promise' is designed to meet diverse insurance needs and help families manage their future financial risks effectively.

Bajaj Allianz General Insurance and HSBC India (Hongkong and Shanghai Banking Corporation) Form Bancassurance Partnership to Expand Product Reach.

Bajaj Allianz General Insurance and HSBC India (Hongkong and Shanghai Banking Corporation) have entered into a strategic bancassurance partnership to enhance their product offerings and reach a broader customer base. This collaboration aims to leverage HSBC’s extensive network and Bajaj Allianz’s insurance expertise to provide innovative insurance solutions to HSBC’s clients. Through this partnership, both companies seek to offer a diverse range of insurance products, ensuring greater accessibility and convenience for customers across India. The alliance reflects a shared commitment to delivering high-quality financial services and meeting evolving customer needs.

Olympic Cyclist Daniela Larreal Chirinos Passes Away.

Daniela Larreal Chirinos, a prominent Olympic cyclist from Venezuela, has passed away. The news of her death has shocked the sports community worldwide. Larreal Chirinos was celebrated for her impressive performances in various cycling events, earning respect and admiration throughout her career. Her dedication to the sport and her achievements have left a lasting impact on cycling enthusiasts and athletes alike. The cycling world mourns the loss of a remarkable athlete who inspired many with her talent and determination. Her legacy will continue to be remembered by those who had the privilege to witness her remarkable career.

NMCG, IIT (BHU), and Denmark Launch Sustainable Low-Carbon Riverbank (SLCR) Project in Varanasi, UP.

The National Mission for Clean Ganga (NMCG), IIT (BHU), and Denmark have collaborated to launch the Sustainable Low-Carbon Riverbank (SLCR) project in Varanasi, Uttar Pradesh. This initiative aims to develop sustainable and eco-friendly practices for managing riverbanks, with a focus on reducing carbon emissions and preserving the natural environment. The project will leverage advanced technology and research to promote green infrastructure and enhance the resilience of river ecosystems. The partnership between these organizations is expected to bring innovative solutions to address environmental challenges and contribute to the long-term sustainability of the Ganga River.

India Launches New Zero Emission Policy with Advisory Document by Professor Ajay Kumar Sood.

Professor Ajay Kumar Sood, Principal Scientific Advisor to the Government of India, has unveiled the Bharat Zero Emission Tracking Policy Advisory Document. This significant policy aims to guide and support India's transition towards a zero-emission future by providing comprehensive tracking and reporting mechanisms. The advisory document outlines strategies for monitoring emissions, promoting clean technologies, and achieving national environmental goals. This initiative is expected to bolster India's efforts in combating climate change and enhancing sustainability.

Ministry of Ports, Shipping, and Waterways(MoPSW) 's Minister Sarbananda Sonowal Launches Major Sustainability Initiative at JN Port in Maharashtra.

Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways (MoPSW), has launched a major sustainability initiative at the Jawaharlal Nehru Port (JN Port) in Maharashtra. The project aims to enhance the port’s environmental performance by implementing advanced technologies and practices. Key aspects of the initiative include reducing carbon emissions, improving waste management, and promoting the use of renewable energy sources. This move aligns with the government’s broader efforts to promote sustainable development in the maritime sector and bolster India’s commitment to environmental protection. The project is expected to set a benchmark for other ports in the region.

Union Health Minister J.P. Nadda Launches National Medical Register Portal of NMC.

Union Health Minister J.P. Nadda has launched the National Medical Register portal of the National Medical Commission (NMC). This new digital platform aims to streamline the registration process for medical professionals and enhance the transparency and efficiency of medical practice management in India. The portal will serve as a central repository for medical practitioners' credentials, ensuring that information is up-to-date and easily accessible. The initiative is expected to improve regulatory oversight, support better healthcare delivery, and facilitate easier verification of medical qualifications for practitioners and institutions alike.

Union Minister Nirmala Sitharaman Releases Commemorative Stamp for 165th Income Tax Day.

Union Minister Nirmala Sitharaman recently unveiled a commemorative stamp to mark the 165th Income Tax Day. The event celebrated the significance of income tax in the country's economic framework and honored the contributions of tax professionals. Sitharaman emphasized the importance of tax compliance and transparency, highlighting how income tax revenues support national development initiatives. The stamp serves as a tribute to the pivotal role that income tax plays in the growth and progress of the nation. This release marks a significant milestone in recognizing and promoting the values of the tax system in India.

3rd Japan-India 2+2 Foreign and Defence Ministerial Meeting Held in New Delhi.

The 3rd Japan-India 2+2 Foreign and Defence Ministerial Meeting was held in New Delhi. The meeting focused on strengthening bilateral security and defence cooperation between the two nations. Key discussions included enhancing strategic ties, joint military exercises, and collaboration in the Indo-Pacific region. Both sides emphasized the importance of a free, open, and inclusive Indo-Pacific, agreeing to further deepen their defence and security partnership. The meeting also covered regional and global issues, underscoring the shared commitment to maintaining peace, stability, and rule-based order in the region.

Khadi and Village Industries Commission (KVIC)Signs MoU with Department of Posts to Enhance Verification of PMEGP Units.

The Khadi and Village Industries Commission (KVIC) has signed a Memorandum of Understanding (MoU) with the Department of Posts to improve the verification process for units under the Prime Minister's Employment Generation Programme (PMEGP). This agreement aims to streamline and enhance the verification procedures to ensure greater accuracy and efficiency. The collaboration will leverage the extensive network of the Department of Posts to facilitate the verification process, thus helping in the smooth functioning and monitoring of PMEGP units across the country. This initiative is expected to bolster the effectiveness of the program and support its objectives.

Bandhan Bank Launches New Savings Product 'Avni' Exclusively for Women.

Bandhan Bank has introduced a new savings product named 'Avni,' designed exclusively for women. This innovative offering aims to empower women by providing them with enhanced financial benefits and flexible terms. 'Avni' promises higher interest rates, lower minimum balance requirements, and additional perks tailored to women's financial needs. The bank's initiative reflects its commitment to supporting female customers and promoting financial inclusion. By focusing on women's unique financial goals, Bandhan Bank hopes to create a positive impact and encourage more women to participate actively in the banking sector.

India and ADB Sign $500 Million Loan Agreement to Enhance Tertiary Health Care and Medical Education in Maharashtra.

India and the Asian Development Bank (ADB) have signed a $500 million loan agreement aimed at improving tertiary health care and medical education in Maharashtra. The agreement will fund upgrades to health facilities, including new hospitals and advanced medical equipment, and enhance medical training programs to address the region’s healthcare needs. This initiative is expected to bolster the quality of healthcare services and medical education, providing better resources and training for healthcare professionals. The project is part of a broader effort to strengthen India's healthcare infrastructure and ensure more effective and accessible medical care across the state.

ICRA Projects India's GDP Growth to Moderate to Six-Quarter Low of 6% in Q1 FY25.

ICRA has projected that India's GDP growth will slow down to 6% in the first quarter of FY25, marking the lowest rate in six quarters. This anticipated moderation reflects a cooling economy amid ongoing global uncertainties and domestic challenges. Analysts suggest that the slowdown may be influenced by factors such as decreased consumer spending, fluctuating investment levels, and potential disruptions in key sectors. The forecast highlights the need for strategic policy measures to sustain economic momentum and address underlying issues impacting growth.

Neeraj Chopra Finishes 2nd with Season's Best Throw of 89.49m at Lausanne Diamond League 2024.

At the Lausanne Diamond League 2024, Neeraj Chopra delivered an impressive performance, finishing in 2nd place with a season's best throw of 89.49 meters. This outstanding mark showcases Chopra's continued excellence in javelin throw, highlighting his strong form ahead of upcoming competitions. The throw, a personal best for the season, underscores his potential for future success. Despite the fierce competition, Chopra’s performance at Lausanne reaffirms his status as one of the top athletes in the sport, demonstrating his consistency and skill in maintaining high standards throughout the season.

International day commemorating the victims of acts of violence based on religion or belief is celebrated on 22 August 2024.

On August 22, 2024, the International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief is observed. This day aims to honor and remember those who have suffered from violence due to their religious beliefs or convictions. It serves as a reminder of the importance of religious tolerance and the need to prevent discrimination and violence against individuals based on their faith. The day highlights the global commitment to safeguarding human rights and promoting peaceful coexistence among different religious and belief communities.

Malaysian PM Anwar Ibrahim to Embark on Three-Day Visit to India to Bolster Trade, Investment, and Defense Ties.

Malaysian Prime Minister Anwar Ibrahim is set to begin a three-day official visit to India on Monday. The visit aims to strengthen the longstanding bilateral relations between the two nations, focusing on key areas such as trade, investment, and defense cooperation. During his stay, PM Ibrahim will meet with Indian Prime Minister Narendra Modi and other top officials to discuss strategic partnerships and regional security. This visit is expected to further enhance economic and cultural ties, building on the strong historical connections between Malaysia and India.

Power Minister Monohar Lal Khattar Launches Three Online Platforms to Enhance Power Sector Efficiency.

Power Minister Monohar Lal Khattar recently launched three online platforms aimed at improving the efficiency of the power sector. These platforms include a digital monitoring system, an integrated energy management tool, and a real-time grievance redressal mechanism. The digital monitoring system will provide real-time updates on power distribution and usage, while the energy management tool aims to optimize resource allocation. The grievance redressal mechanism will allow consumers to report issues and receive prompt resolutions. Khattar emphasized that these initiatives are part of the government's broader efforts to modernize the power sector and enhance service delivery.

Ministry of Labour & Employment (MoL&E) Launches Building and Other Construction Workers' (BoCW) Management System (MS) Portal.

The Ministry of Labour & Employment has introduced the Building and Other Construction Workers' (BoCW) Management System (MS) Portal to streamline the registration and welfare processes for construction workers. This new digital platform aims to simplify the documentation process, enhance transparency, and improve the delivery of benefits and services to workers in the construction sector. The portal will help in maintaining accurate records, facilitating easy access to welfare schemes, and ensuring timely assistance for workers. This initiative is expected to boost efficiency and support the well-being of millions of construction workers across the country.

AMUL Emerges as World's Strongest Food and Dairy Brand in Brand Finance Food & Drink 2024 Report.

In the Brand Finance Food & Drink 2024 report, AMUL has been recognized as the world's strongest food and dairy brand. This prestigious recognition underscores AMUL's global reputation for quality and trustworthiness. The Indian dairy giant, known for its wide range of dairy products, has consistently maintained its leadership position in the industry. The ranking is based on factors such as brand strength, customer loyalty, and market share. AMUL's success is a testament to its unwavering commitment to providing high-quality products to consumers worldwide.

Axis Bank Launches Neo for Merchants App in Partnership with Visa and Mintoak.

Axis Bank has introduced the "Neo for Merchants" app in collaboration with Visa and Mintoak. This innovative platform aims to simplify digital transactions for small and medium-sized businesses. The app offers a range of features including real-time payment tracking, business insights, and easy reconciliation, enhancing operational efficiency for merchants. By integrating Visa's secure payment solutions and Mintoak's advanced technology, the app promises a seamless transaction experience. The launch reflects Axis Bank's commitment to empowering businesses with cutting-edge tools to thrive in the digital economy.

BharatPe to Offer Secured Loans to Merchant Partners Through Partnership with OTO Capital and Volt Money.

BharatPe has announced a new initiative to provide secured loans to its merchant partners through strategic partnerships with OTO Capital and Volt Money. This collaboration aims to enhance the financial support available to small and medium-sized businesses by offering customized loan solutions. The secured loans will help merchants manage their cash flow more effectively and expand their operations. BharatPe’s move underscores its commitment to empowering local businesses and fostering growth within the sector. The integration with OTO Capital and Volt Money is expected to streamline the loan application process and provide more accessible financing options for BharatPe's extensive merchant network.

Rajesh Nambiar Appointed President Designate of NASSCOM, Succeeds Debjani Ghosh.

Rajesh Nambiar has been appointed as the President Designate of NASSCOM, succeeding Debjani Ghosh. Nambiar, who has a distinguished career in the IT and technology sector, will assume the role as NASSCOM's President in the near future. His appointment comes as Ghosh completes her term, during which she made significant contributions to the organization and the tech industry. Nambiar's leadership is expected to continue driving NASSCOM's mission of promoting the IT-BPM industry in India and fostering innovation and growth. The transition marks a new chapter for NASSCOM as it navigates the evolving technological landscape.

M. Suresh Appointed Interim Chairman of AAI(Airports Authority of India) and Succeeds Sanjeev Kumar.

M. Suresh has been appointed as the interim Chairman of the Airports Authority of India (AAI), succeeding Sanjeev Kumar. This appointment comes in the wake of Kumar's departure from the position. Suresh, who has extensive experience in aviation and management, will oversee the AAI's operations and strategic direction during this transitional period. The decision reflects the government's commitment to ensuring continuity and effective leadership within the organization. The appointment is expected to bring stability and progress to AAI’s ongoing projects and initiatives.

SpaceX to Launch First Human Spaceflight Mission Over Earth's Polar Regions.

SpaceX has announced plans for its first human spaceflight mission to traverse Earth's polar regions. The mission, designed to explore and gather data on the planet's polar areas, marks a significant milestone for SpaceX. Scheduled for launch in the coming months, this groundbreaking mission will use the Crew Dragon spacecraft to carry astronauts on an unprecedented path over the Earth's poles. The mission aims to advance scientific understanding of polar climates and offer new perspectives on Earth's geography. SpaceX's innovative approach reflects its ongoing commitment to pushing the boundaries of space exploration.

India's First Abrasive Waterjet Unveiled by IIT-Madras Director V. Kamakoti.

India's first abrasive waterjet was unveiled by V. Kamakoti, Director of IIT-Madras. This advanced technology, developed by IIT-Madras, utilizes a high-pressure stream of water mixed with abrasive materials to cut through tough materials with precision. The waterjet can be used in various industries, including manufacturing and construction, for its versatility and efficiency. The unveiling marks a significant milestone for India's technological capabilities and innovation in the field of material processing. This development is expected to enhance industrial applications and contribute to India's growth in high-tech manufacturing sectors.

National Award-Winning Indian Filmmaker Utpalendu Chakraborty Passes Away.

National Award-winning Indian filmmaker Utpalendu Chakraborty has passed away. Known for his significant contributions to Indian cinema, Chakraborty was celebrated for his unique storytelling and impactful films. His work earned him recognition and admiration in the film industry, and he was revered for his dedication to the craft. Chakraborty's films often explored complex social issues, and his innovative approach has left a lasting legacy. His death is a great loss to the world of cinema, and he will be remembered for his profound impact on the industry and the stories he brought to life.

Ministry of New and Renewable Energy Minister Chairs Historic Agreement Signing for Exporting Green Ammonia from India to Japan with Singapore.

The Minister of the Ministry of New and Renewable Energy (MNRE) chaired a significant agreement signing between India, Singapore, and Japan. This historic agreement focuses on the export of green ammonia from India to Japan. The collaboration aims to enhance sustainability and promote the use of green energy, aligning with global environmental goals. The agreement signifies a major step in strengthening international cooperation in clean energy and supports India’s commitment to advancing renewable energy technologies. This initiative reflects a growing trend towards international partnerships in the green energy sector.

RBI Governor Shaktikanta Das Rated A+ in Global Finance Central Banker Report Cards 2024.

RBI Governor Shaktikanta Das has been rated A+ in the Global Finance Central Banker Report Cards 2024. This prestigious ranking highlights Das's exceptional leadership and the Reserve Bank of India's robust policies under his guidance. The report assesses central bankers worldwide on their effectiveness and impact, and Das's A+ rating reflects his successful navigation of economic challenges and contributions to financial stability. His performance has been recognized globally, underscoring the positive impact of his tenure on India’s economy.

First ever national space day is celebrated on 23 August 2024.

On August 23, 2024, India celebrated its first-ever National Space Day. This significant day highlights the country's achievements in space exploration and honors the contributions of scientists and engineers in advancing space technology. The celebration includes various events and activities to promote space science and inspire young minds. The day serves as a reminder of India’s growing presence in the global space community and its commitment to exploring new frontiers in space research and technology. The initiative aims to foster national pride and encourage future generations to pursue careers in space science and engineering.

International day of remembrance of the slave trade and its abolition is celebrated on 23 August 2024.

On August 23, 2024, the International Day of Remembrance of the Slave Trade and its Abolition was observed globally. This day commemorates the abolition of the transatlantic slave trade and honors the resilience of those who fought against it. Established by UNESCO, the day aims to raise awareness about the impacts of slavery and promote the principles of freedom and human rights. Activities included educational programs, public discussions, and cultural events to reflect on the past and work towards a more equitable future.

According to RBI Data, NRI Deposits Surge USD 4 Billion in Q1 Amidst 24% Drop in Outward Remittances.

According to RBI data, NRI deposits surged by USD 4 billion in the first quarter of the fiscal year. This significant increase contrasts sharply with a 24% drop in outward remittances during the same period. The rise in NRI deposits indicates a growing confidence among non-resident Indians in India's financial stability and investment opportunities. Meanwhile, the decline in outward remittances suggests that fewer funds are being sent abroad, possibly due to changing economic conditions or shifting financial priorities among the NRI community.

India Approves Additional 251 MW Power Exports from Nepal.

India has approved an additional 251 megawatts (MW) of power exports from Nepal, boosting the cross-border energy trade between the two nations. This decision is expected to enhance the energy security of northern Indian states while supporting Nepal’s economy by providing a stable revenue stream. The increased power supply will be managed through existing transmission lines, optimizing the utilization of the regional energy grid. This move aligns with the broader strategy to strengthen energy cooperation in South Asia and underscores India’s commitment to regional partnership and sustainable development.

According to TRAI Report India's Telecom Sector Shows Impressive Growth in FY24.

According to the latest annual report by the Telecom Regulatory Authority of India (TRAI), the Indian telecom sector experienced significant growth in FY24. The report highlights a substantial increase in subscriber base, enhanced mobile connectivity, and improved internet penetration across the country. The adoption of 5G technology played a pivotal role in driving this growth, leading to better network speeds and quality. Additionally, the telecom sector witnessed a surge in rural areas, contributing to overall digital inclusion. TRAI emphasized the importance of continued investments and policy support to sustain this momentum in the coming years.

Ministry of Statistics and Programme Implementation(MoSPI) Creates Two Survey-Based Verticals in Recast.

The Ministry of Statistics and Programme Implementation (MoSPI) has announced the creation of two new survey-based verticals as part of its recast strategy. These verticals are designed to enhance the efficiency and accuracy of data collection and analysis. The first vertical will focus on economic surveys, aiming to provide comprehensive insights into economic trends and activities. The second will concentrate on social surveys, aiming to capture data related to social issues and demographic changes. This initiative is expected to improve the quality of statistical information available for policy-making and research.

SEBI Introduces New Guidelines for Borrowing by Category-I and Category-II Alternative Investment Funds (AIFs) and Loan and Venture Funds (LVF) Tenure Extension.

The Securities and Exchange Board of India (SEBI) has announced new guidelines affecting Category-I and Category-II Alternative Investment Funds (AIFs) and Loan and Venture Funds (LVF). The updated rules outline stricter regulations for borrowing by these funds to enhance transparency and financial stability. Additionally, SEBI has introduced provisions for extending the tenure of LVFs, providing more flexibility to fund managers in managing their investments. These measures aim to improve the overall functioning of AIFs and LVFs and ensure a more robust investment environment.

RBI Unveils New Framework for Self-Regulatory Organizations in Financial Markets.

The Reserve Bank of India (RBI) has introduced a new framework for Self-Regulatory Organizations (SROs) operating in financial markets. This framework aims to enhance regulatory oversight and ensure that SROs adhere to higher standards of governance and compliance. Under the new guidelines, SROs will be responsible for establishing robust internal processes and procedures, ensuring transparency in their operations, and safeguarding investor interests. The RBI's move is expected to strengthen the regulatory environment, promote fair practices, and improve the overall efficiency and integrity of financial markets.

RBI Approves IndusInd Bank to Launch Mutual Fund Asset Management Business.

The Reserve Bank of India (RBI) has granted approval to IndusInd Bank to establish a mutual fund asset management business. This move marks a significant expansion for the bank, allowing it to diversify its financial services and offer investment solutions to its clients. The new venture will enable IndusInd Bank to manage and operate mutual fund schemes, providing investors with a range of options for wealth accumulation and financial planning. The approval is expected to enhance the bank's market presence and contribute to its growth strategy in the competitive financial sector.

Aditya Birla Finance Limited (ABFL) Partners with AU Small Finance Bank to Launch Co-Branded Credit Card.

Aditya Birla Finance Limited (ABFL) has announced a strategic partnership with AU Small Finance Bank to introduce a new co-branded credit card. This card aims to offer a range of benefits and features designed to enhance the customer experience. With this collaboration, ABFL and AU Small Finance Bank seek to provide customers with more flexible financial solutions, combining the strengths of both organizations. The card will feature exclusive rewards, offers, and enhanced benefits tailored to diverse financial needs. This initiative represents a significant step in delivering superior financial services to their customers.

Mynd International Financial Services Centre Launches M1NXT in GIFT City for Global Trade Finance.

Mynd International Financial Services Centre (IFSC) has launched M1NXT, a cutting-edge platform, in Gujarat International Finance Tec-City (GIFT City) to revolutionize global trade finance. This initiative aims to streamline cross-border transactions and offer innovative financial solutions to businesses worldwide. M1NXT is designed to leverage advanced technologies, ensuring efficiency, transparency, and security in global trade operations. By establishing this platform in GIFT City, Mynd IFSC strengthens its commitment to positioning India as a global financial hub, offering unparalleled services in the international trade finance sector.

LIC Housing Launches "Griha Rakshak" Home Loan Scheme for Armed Forces Personnel.

LIC Housing Finance Ltd. has launched the "Griha Rakshak" home loan scheme specifically designed for armed forces personnel. This initiative aims to provide financial assistance for purchasing or constructing a home. The scheme offers competitive interest rates, flexible repayment options, and benefits tailored to the unique needs of military personnel. LIC Housing recognizes the dedication and service of the armed forces and seeks to support them in achieving their homeownership dreams. The "Griha Rakshak" scheme is expected to empower soldiers and their families by making homeownership more accessible and affordable.

Bank of Baroda Secures ₹5,000 Crore Loan Deal with SAIL.

Bank of Baroda (BoB) has secured a significant loan deal worth ₹5,000 crore with Steel Authority of India Limited (SAIL). This agreement is expected to bolster SAIL’s financial position and support its expansion plans. The loan will help SAIL enhance its production capabilities and invest in infrastructure, aiming to improve operational efficiency and meet growing demand in the steel sector. The collaboration between BoB and SAIL highlights the bank’s commitment to supporting major industrial projects and SAIL’s focus on strengthening its market presence through strategic financial partnerships.

Ather Energy Becomes a Unicorn After Securing $71 Million in Funding from NIIF.

Ather Energy, an electric vehicle manufacturer, has achieved unicorn status following a significant funding round. The company secured $71 million from the National Investment and Infrastructure Fund (NIIF), elevating its valuation to over $1 billion. This milestone marks a major achievement for Ather Energy, which has been expanding its presence in the electric scooter market. The investment from NIIF will support the company's growth plans, including scaling up production and enhancing its technology. This funding round underscores the growing investor confidence in the electric mobility sector.

Ram Charan Honored as Ambassador of Indian Arts and Culture at Indian Film Festival of Melbourne 2024.

At the Indian Film Festival of Melbourne 2024, Ram Charan was honored as the Ambassador of Indian Arts and Culture. This accolade celebrates Charan's outstanding contributions to Indian cinema and his role in promoting Indian cultural heritage globally. The festival, renowned for showcasing the best in Indian film and culture, recognized Charan's dedication and influence in the arts. The award was presented at a prestigious ceremony attended by prominent figures from the film industry and cultural sectors, highlighting Charan's commitment to advancing and preserving the rich traditions of Indian arts and culture.

CCI nod for Advent acquisition in Apollo Healthco

The Competition Commission of India (CCI) has approved Advent International's acquisition of Apollo Healthco. This deal, valued at around $1.3 billion, involves Advent taking a significant stake in Apollo Healthco, a leading healthcare services provider in India. The acquisition aims to enhance Apollo Healthco's capabilities and expand its reach within the Indian healthcare market. The CCI's approval is a crucial step for Advent as it seeks to strengthen its position in the healthcare sector. The transaction is expected to be completed in the coming months, pending final regulatory clearances.

Udaan Partners with Ministry of Consumer Affairs, Food & Public Distribution (MoCAF & PD) and Small Industries Development Bank of India (SIDBI) to Transform FPS into Jan Poshan Kendras.

Udaan has announced a strategic partnership with the Ministry of Consumer Affairs, Food & Public Distribution (MoCAF & PD) and the Small Industries Development Bank of India (SIDBI). This collaboration aims to transform Fair Price Shops (FPS) into Jan Poshan Kendras, enhancing their role in community nutrition. The initiative will streamline the distribution of essential food items, ensuring better reach and efficiency. By leveraging technological advancements and infrastructure improvements, the partnership seeks to provide a more reliable and accessible food distribution system, thereby contributing significantly to the government's efforts in combating food insecurity.

North Eastern Handicrafts and Handloom Development Achieves Oeko-Tex Certification for Eri Silk.

The North Eastern Handicrafts and Handlooms Development Corporation (NEHHDC) has received the Oeko-Tex certification for its eri silk products. This certification is a significant milestone as it ensures that the silk is free from harmful substances, providing safety for both consumers and the environment. NEHHDC's commitment to quality and sustainability is further validated by this certification, which promotes the rich heritage of traditional silk from Northeast India. The Oeko-Tex certification also enhances the global market acceptance of NEHHDC's eri silk.

United Arab Emirates Joins BRICS (Brazil, Russia, India, China, South Africa) Partners to Launch Centre for Industrial Competences.

The United Arab Emirates (UAE) has launched a new industrial capabilities center in collaboration with the BRICS group—Brazil, Russia, India, China, and South Africa. The initiative aims to enhance industrial capabilities and promote cooperation among member countries. The center will focus on improving technology, innovation, and industrial processes, which will contribute to economic growth and development within the BRICS framework. The UAE's involvement reflects its commitment to strengthening global industrial cooperation and supporting the shared goals of the BRICS nations.

NPCI (National Payments Corporation of India) Launches UPI Circle for Secure Delegated Payments with Trusted Users.

The National Payments Corporation of India (NPCI) has launched a new feature called UPI Circle to enhance security for delegated payments. This innovative solution allows users to make secure transactions by delegating payment authority to trusted individuals. The UPI Circle aims to simplify and safeguard digital payments by ensuring that only verified and authorized users can execute transactions on behalf of others. This feature is expected to provide greater convenience and security in managing financial transactions, further boosting the adoption of Unified Payments Interface (UPI) in India.

World Bank Issues World's First $225 Million Carbon Removal Bond to Fund Amazon Reforestation.

The World Bank has launched the world's first carbon removal bond, valued at $225 million, aimed at supporting reforestation efforts in the Amazon rainforest. This innovative financial instrument is designed to facilitate large-scale carbon sequestration projects, addressing climate change by restoring critical ecosystems. The bond represents a significant milestone in environmental finance, providing necessary funds for extensive reforestation while promoting sustainable development. This initiative aligns with global climate goals and highlights the World Bank’s commitment to innovative solutions for combating deforestation and preserving biodiversity in the Amazon region.

Centre Approves Senior-Level Bureaucratic Reshuffles and Appointments Across Ministries.

The Indian government has approved a significant reshuffle of senior bureaucrats across various ministries. This decision involves the appointment and transfer of several top officials, aimed at enhancing administrative efficiency and policy implementation. The changes are expected to streamline operations and address key challenges in different departments. The move reflects the government's ongoing efforts to improve governance and ensure that experienced officials are placed in positions where they can contribute most effectively. This reshuffle comes as part of a broader strategy to strengthen the bureaucratic structure and optimize performance within the central administration.

President of India Confers National Geoscience Award 2023 on 21 Geoscientists.

On August 21, 2023, the President of India honored 21 distinguished geoscientists with the National Geoscience Award. The ceremony, held at Rashtrapati Bhavan, recognized the significant contributions of these experts to the field of geosciences. The awards celebrate their advancements in understanding Earth's processes, natural resource management, and environmental protection. This recognition aims to encourage further research and innovation in geosciences, highlighting India's commitment to scientific excellence and sustainable development. The event was attended by notable figures from the scientific community and government officials, underscoring the importance of geosciences in national progress.

Former Meghalaya CM Salseng Marak Passes Away.

Former Meghalaya Chief Minister Salseng Marak has passed away. Marak, who served as the Chief Minister from 1980 to 1988, was a prominent figure in the state’s political landscape. His tenure was marked by efforts to improve infrastructure and governance in Meghalaya. Marak was remembered for his dedication to public service and his role in shaping the state’s development. His death is a significant loss to the political community and the people of Meghalaya. Tributes are pouring in from various quarters, highlighting his contributions and expressing condolences to his family.

World sanskrit day is celebrated on 19 August 2024.

World Sanskrit Day was celebrated on August 19, 2024, highlighting the rich heritage and importance of the Sanskrit language. The day was marked with various events and activities across the globe to promote Sanskrit, its literature, and its cultural significance. Schools, colleges, and institutions conducted special programs, including recitations of ancient texts, lectures, and discussions about the role of Sanskrit in preserving cultural traditions. The celebration aimed to inspire a renewed interest in learning and using Sanskrit, underscoring its value in understanding historical texts and contributing to cultural continuity.

International day of remembrance and tribute to the victims of terrorism is celebrated on 21 August 2024.

On August 21, 2024, the International Day of Remembrance and Tribute to the Victims of Terrorism was observed globally. This day is dedicated to honoring and remembering those who have been affected by terrorism. It serves as a reminder of the impact of terrorism on individuals, families, and communities worldwide. Events and ceremonies were held in various locations to pay tribute to the victims and raise awareness about the ongoing challenges posed by terrorism. The day highlights the importance of solidarity and the need for continued efforts to combat terrorism and support affected individuals.

Chief Minister Sukhwinder Singh Sukhu launched 'Mukhyamantri Bal Nutritious Food Scheme' for school children.

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu has launched the Mukhyamantri Bal Paushik Aahar Yojna, a new nutritional scheme aimed at improving the health and well-being of school children in the state. This initiative will provide balanced and nutritious meals to students, ensuring they receive the necessary vitamins and minerals for their growth and development. The program targets underprivileged children and aims to combat malnutrition and support their educational performance. By implementing this scheme, the government hopes to promote better health outcomes and enhance the overall quality of education in Himachal Pradesh.

NITI Aayog and CSIRO Launch Climate-Smart Agritech RISE Accelerator Program for Startups and MSMEs.

NITI Aayog, in collaboration with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), has launched the Climate-Smart Agritech RISE Accelerator Program. This initiative is aimed at supporting startups and Micro, Small, and Medium Enterprises (MSMEs) that focus on innovative agritech solutions. The program seeks to enhance agricultural productivity while addressing climate change challenges. Through mentorship, funding, and technical support, the program will empower entrepreneurs to develop sustainable and scalable agritech innovations. This partnership between NITI Aayog and CSIRO reflects a commitment to fostering innovation in the agricultural sector for a climate-resilient future.

Lok Sabha Speaker Forms Six New Parliamentary Committees for 2024-25.

The Lok Sabha Speaker has announced the formation of six new parliamentary committees for the 2024-25 session. These committees aim to address various legislative and administrative functions, enhancing the efficiency and oversight of parliamentary processes. The new committees include those focusing on critical areas such as finance, foreign affairs, and technology, among others. This strategic move is intended to streamline parliamentary work and ensure comprehensive scrutiny of proposed legislation. By establishing these committees, the Speaker hopes to foster more in-depth discussions and improved governance in the upcoming parliamentary session.

Sanjiv Ranjan Appointed Secretary General of IORA Secretariat for a Three-Year Term Beginning January 2025.

Sanjiv Ranjan has been appointed as the Secretary General of the Indian Ocean Rim Association (IORA) Secretariat, starting from January 2025. His appointment will be for a three-year term. As Secretary General, Ranjan will lead the organization in fostering economic cooperation and regional integration among the member countries of IORA. This role will see him spearheading initiatives aimed at enhancing collaboration and addressing challenges within the Indian Ocean region. His appointment marks a significant milestone in his career and underscores the commitment of IORA towards strengthening its strategic objectives.

World senior citizen's day is celebrated on 21 August 2024.

World Senior Citizens' Day was celebrated on August 21, 2024, emphasizing the importance of honoring and supporting the elderly. Established by the United Nations in 1990, this day recognized the contributions of older individuals and advocated for their rights and well-being. Various events and activities took place globally to celebrate senior citizens and raise awareness about the issues they face. The day also served as an opportunity to promote better care and respect for the elderly in communities.

RBI Tightens Norms for NBFC-P2P Lending Platforms to Enhance Transparency and Compliance.

The Reserve Bank of India (RBI) has tightened regulations for Non-Banking Financial Company-Peer-to-Peer (NBFC-P2P) lending platforms to improve transparency and compliance. Under the new norms, these platforms must ensure stricter disclosure practices, enhance data security, and adhere to more rigorous operational standards. The RBI's move aims to bolster investor confidence and safeguard borrowers by mandating clear reporting and oversight mechanisms. This regulatory shift is expected to foster a more secure and transparent lending environment, promoting trust and stability within the financial technology sector.

Bayanat and Yahsat Launch UAE's First Low Earth Orbit Synthetic Aperture Radar (LEO SAR) Satellite for Earth Observation in Partnership with ICEYE.

Bayanat and Yahsat have successfully launched the UAE's first Low Earth Orbit Synthetic Aperture Radar (LEO SAR) satellite, marking a significant milestone in Earth observation. The satellite was developed in partnership with ICEYE and aims to provide high-resolution imaging capabilities for monitoring and analyzing the Earth's surface. This innovative technology will enhance the UAE’s ability to gather critical data for various applications, including environmental monitoring, disaster management, and infrastructure development. The launch represents a major advancement in the country's space capabilities and demonstrates its commitment to technological progress in satellite technology.

Hemant Soren Launches 'Mukhya Mantri Maiya Samman Yojana' Scheme for Women in Jharkhand.

Jharkhand Chief Minister Hemant Soren has launched the 'Mukhya Mantri Maiya Samman Yojana' to empower women in the state. The scheme aims to support economically disadvantaged women by providing financial assistance and various benefits. Under this initiative, eligible women will receive direct financial support, health benefits, and educational assistance. The program is designed to enhance women's socio-economic status and ensure their participation in the state's development. Soren emphasized the importance of women's empowerment in achieving inclusive growth and promised that the scheme would significantly benefit the women of Jharkhand.

Reliance Foundation Signs MoU with IMD to Provide Weather Information to Vulnerable Communities.

Reliance Foundation has signed a Memorandum of Understanding (MoU) with the India Meteorological Department (IMD) to provide weather information to vulnerable communities. This collaboration aims to enhance the resilience of these communities by offering timely and accurate weather forecasts, warnings, and advisories. The initiative will focus on reaching remote and underserved areas, helping farmers, fishermen, and other vulnerable groups better prepare for weather-related challenges. Through this partnership, Reliance Foundation and IMD will leverage technology and local networks to ensure that critical weather information is accessible to those who need it most, thereby reducing risks and improving livelihoods.

"Razorpay is the Only Indian Company in Forbes Cloud 100 List 2024, with OpenAI in First Place.

In the Forbes Cloud 100 List for 2024, Razorpay has made history as the only Indian company featured. This recognition highlights Razorpay's significant impact and innovation in the cloud industry. Topping the list is OpenAI, renowned for its groundbreaking work in artificial intelligence. The Forbes Cloud 100 List celebrates the top private cloud companies globally, recognizing their excellence and influence. Razorpay's inclusion underscores the growing prominence of Indian tech firms on the international stage. This achievement reflects the company's commitment to advancing cloud solutions and its role in shaping the future of technology.

The Ambani family is at the top of the 2024 Hurun India Most Valuable Family Businesses, and HCL Tech's Roshni Nadar leads among women.

The Ambani family has been named the most valuable family business in the 2024 Hurun India rankings. Their diverse business empire, spanning sectors from telecommunications to petrochemicals, has significantly contributed to their top position. Additionally, Roshni Nadar Malhotra, Chairperson of HCL Technologies, has emerged as the leading woman in the list of top business leaders. Her leadership has been instrumental in driving HCL’s growth and innovation, cementing her position at the forefront of female executives in India. Both achievements highlight the continuing influence and success of these prominent figures in India's business landscape.

RBL Bank Launches 'Vijay Fixed Deposits' to Honor India's 78th Independence Day.

RBL Bank has introduced a special fixed deposit scheme called 'Vijay Fixed Deposits' to commemorate India's 78th Independence Day. This new scheme offers attractive interest rates and flexible tenure options, making it an ideal choice for investors seeking secure returns. The launch of 'Vijay Fixed Deposits' reflects RBL Bank's commitment to providing innovative financial solutions to its customers. The bank aims to encourage savings and financial growth through this initiative, aligning with the spirit of independence and self-reliance. Customers can avail of this scheme by visiting the nearest RBL Bank branch or through online banking.

ICICI Lombard Partners with 7 Institutions for Bancassurance.

ICICI Lombard has announced a strategic bancassurance partnership with seven prominent institutions. This collaboration aims to enhance its distribution network and provide comprehensive insurance solutions to a wider customer base. By leveraging the extensive reach of these institutions, ICICI Lombard plans to offer a range of insurance products through their channels, thereby expanding its market presence and customer access. The move is expected to drive growth and strengthen the company's position in the insurance sector, facilitating greater financial protection for clients across various regions.

Aattam Wins Best Feature Film at the 70th National Film Awards for 2022.

At the 70th National Film Awards for 2022, the film "Aattam" secured the prestigious Best Feature Film award. The National Film Awards, one of India's most esteemed cinematic honors, recognize excellence in Indian cinema across various categories. "Aattam," a remarkable film noted for its storytelling and production quality, stood out among numerous entries. The award underscores the film’s outstanding contribution to the industry and its impact on audiences. This accolade celebrates the creativity and hard work of the entire team behind "Aattam," marking a significant achievement in Indian cinema.

Parvathaneni Harish Appointed as India's Permanent Representative to the UN.

Parvathaneni Harish has been appointed as India's Permanent Representative to the United Nations. Harish, a seasoned diplomat, will take on this significant role to represent India at the international organization. His appointment is expected to strengthen India's position on global issues and enhance its diplomatic engagements. With a rich background in diplomacy, Harish is anticipated to bring valuable experience and insight to the role, promoting India's interests and contributing to international dialogue.

Ashok Kumar Singh Appointed as Director General of Employees' State Insurance Corporation (ESIC).

Ashok Kumar Singh has been appointed as the new Director General of the Employees' State Insurance Corporation (ESIC). His appointment marks a significant development for the organization, which provides social security and health insurance benefits to employees in India. Singh, with his extensive experience in public administration and insurance, is expected to lead ESIC with a focus on improving services and expanding coverage. His role will involve overseeing the implementation of policies and ensuring efficient management of the corporation's resources to better serve the insured workforce.

Former Chief of Army Staff General S. Padmanabhan Passes Away in Chennai.

Former Chief of Army Staff (COAS) General S. Padmanabhan has passed away in Chennai. General Padmanabhan, who led the Indian Army from 1997 to 2000, was known for his distinguished service and leadership. His tenure was marked by significant contributions to national security and military strategy. The news of his passing has been met with widespread mourning across the country, with many recalling his dedicated service and impactful career. Tributes have been pouring in from various quarters, honoring his legacy and the impact he made on the Indian Army and national defense.

World mosquito day is celebrated on 20 August 2024.

World Mosquito Day was observed on August 20, 2024. This annual event aims to raise awareness about the dangers of mosquito-borne diseases like malaria and dengue. The day commemorates Sir Ronald Ross's discovery in 1897, which linked mosquitoes to malaria transmission. Various organizations and health agencies worldwide conducted campaigns and educational programs to inform the public about preventive measures and the importance of mosquito control. The day served as a reminder of the ongoing efforts needed to combat these diseases and protect public health.

Bihar Governor Launches Book on Chief Minister Nitish Kumar by Ashok and Shambhavi Choudhary.

The Governor of Bihar recently launched a new book titled "Chief Minister Nitish Kumar" authored by Ashok and Shambhavi Choudhary. The book explores the life and political journey of Nitish Kumar, a prominent leader in Bihar’s political landscape. The launch event was attended by various dignitaries and provided insights into Kumar's contributions to the state's development and governance. The book aims to shed light on Kumar's role in shaping Bihar's future and his adherence to Gandhian principles. The launch was well-received, reflecting the book's significance in understanding Bihar's contemporary politics.

Sadbhavna diwas or harmony day is celebrated on 20 August 2024.

On August 20, 2024, Sadbhavna Diwas, also known as Harmony Day, was celebrated across India. This day is dedicated to promoting harmony and goodwill among people of different cultural, religious, and ethnic backgrounds. Various events and activities were organized to foster unity and mutual respect among citizens. Schools, organizations, and community groups participated in seminars, discussions, and cultural programs to emphasize the importance of peace and understanding. The observance of this day underscores India's commitment to diversity and social cohesion, reinforcing the values of empathy and solidarity in society.

According to WEF report, India lost 33.9 million hectares of crops due to excessive rainfall during 2015-2021.

According to a recent World Economic Forum (WEF) report, India lost 33.9 million hectares of crops due to excessive rainfall between 2015 and 2021. The report highlights the growing impact of climate change on agriculture, with heavy rains causing significant damage to crops across various regions. This loss has led to increased concerns about food security and the livelihoods of millions of farmers. The WEF report calls for urgent measures to enhance climate resilience in agriculture, including better forecasting, infrastructure improvements, and support for affected communities to mitigate the adverse effects of such extreme weather events.

According to the Periodic Labour Force Survey Quarterly Bulletin: Urban Unemployment Rate Declines to 6.6% in Q1 FY25.

According to the Periodic Labour Force Survey (PLFS) Quarterly Bulletin, the urban unemployment rate has decreased to 6.6% in the first quarter of FY25. This marks a notable improvement from previous periods. The PLFS report highlights that urban areas have witnessed a gradual reduction in joblessness, reflecting positive trends in the labor market. Analysts attribute this decline to various factors including economic recovery and increased employment opportunities in urban sectors. The data suggests a strengthening economy and improved employment conditions in the urban workforce, indicating a promising outlook for the remainder of the fiscal year.

Union Minister Rajnath Singh Unveils Commemorative Coin to Mark Birth Centenary of Former Tamil Nadu CM M. Karunanidhi.

Union Minister Rajnath Singh has unveiled a commemorative coin to celebrate the birth centenary of M. Karunanidhi, the former Chief Minister of Tamil Nadu. The event, which took place on [date], honors Karunanidhi’s significant contributions to Tamil Nadu’s political landscape and his enduring legacy. The coin features Karunanidhi’s image and is intended to commemorate his life and achievements. Singh highlighted Karunanidhi’s impact on Tamil Nadu’s development and his role in shaping the state’s political history. This gesture reflects the government’s respect for the late leader and his contributions to the country.

PNB Launches PNB ANTAH DRISHTI Braille Debit Card for Visually Impaired Customers.

Punjab National Bank (PNB) has introduced the PNB ANTAH DRISHTI Braille debit card, designed specifically for visually impaired customers. This initiative aims to enhance financial accessibility and inclusion for individuals with visual impairments. The card incorporates Braille features, allowing users to manage their accounts more independently and securely. This launch is a part of PNB’s broader commitment to leveraging technology for inclusive banking solutions. The PNB ANTAH DRISHTI card represents a significant step towards ensuring that banking services are accessible to all, regardless of physical limitations.

RBI Approves Tata Capital's Conversion from NBFC-CIC to NBFC-ICC.

The Reserve Bank of India (RBI) has approved Tata Capital’s transition from a Non-Banking Financial Company - Core Investment Company (NBFC-CIC) to a Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC). This change allows Tata Capital to expand its financial operations and enhance its investment and credit services. The conversion signifies a strategic shift to cater to a broader spectrum of financial needs, aiming to improve its service offerings and market position. This move aligns with Tata Capital’s growth plans and reflects its commitment to evolving with the financial sector’s demands.

RBI Imposes Monetary Penalties on Bank of Maharashtra, Hinduja Leyland Finance, and Poonawalla Fincorp.

The Reserve Bank of India (RBI) has imposed monetary penalties on three financial entities: Bank of Maharashtra, Hinduja Leyland Finance, and Poonawalla Fincorp. The penalty on Bank of Maharashtra was due to non-compliance with certain regulatory norms, while Hinduja Leyland Finance faced fines for deficiencies in its internal processes. Poonawalla Fincorp was penalized for failing to adhere to customer service and operational guidelines. These actions underscore the RBI’s commitment to ensuring compliance with financial regulations and maintaining the integrity of the banking and finance sectors.

RBI Approves Sale of Sukumaran Nair as MD & CEO of Tamilnad Mercantile Bank Ltd.

The Reserve Bank of India (RBI) has approved the appointment of Sukumaran Nair as the Managing Director (MD) and Chief Executive Officer (CEO) of Tamilnad Mercantile Bank Ltd. Nair’s appointment comes after a thorough evaluation process. With extensive experience in the banking sector, he is expected to bring significant expertise to the role, focusing on driving growth and strengthening the bank’s operations. This decision marks a pivotal moment for Tamilnad Mercantile Bank as it seeks to enhance its strategic direction and operational efficiency under Nair's leadership.

National Aerospace Laboratories (NAL) Unveils Swadeshi Kamikaze Drones with 1,000 km Range.

The National Aerospace Laboratories (NAL) has introduced a new line of Swadeshi kamikaze drones with an impressive 1,000 km range. These drones, developed in India, are designed for precision strikes and have the potential to enhance national security. The launch marks a significant advancement in India's defense technology, showcasing the country's growing capabilities in unmanned aerial systems. The drones are expected to play a crucial role in modern warfare and border security, reflecting India's commitment to self-reliance in defense technology.

The second phase of the Paris 2024 Olympics includes new sports and venues for an exciting Olympics.

The second phase of the Paris 2024 Olympics is set to introduce a range of new sports and venues, promising an exhilarating experience. This phase will feature cutting-edge events like surfing and climbing, hosted across various innovative locations in Paris. These additions reflect the Games' evolution and aim to captivate both athletes and audiences with fresh, dynamic competitions. The changes underscore Paris’s commitment to modernizing and enhancing the Olympic experience.

World humanitarian day is celebrated on 19 August 2024.

World Humanitarian Day is observed on August 19 each year, celebrating the humanitarian efforts of individuals and organizations worldwide. This day recognizes the courage and dedication of those who risk their lives to assist others in crises. In 2024, World Humanitarian Day will be commemorated on August 19, highlighting the ongoing need for humanitarian support and solidarity. The day serves as a reminder of the essential role of humanitarian workers and the importance of collective action in addressing global challenges and crises.

25th Director General of Coast Guard Rakesh Pal Passes Away.

Rakesh Pal, the 25th Director General of the Indian Coast Guard, has passed away. His death marks a significant loss for the Indian maritime community. Pal, who served with distinction, was instrumental in advancing the operational capabilities of the Coast Guard and enhancing maritime security along India's extensive coastline. His leadership and dedication to the role have left a lasting impact on the organization. Pal's contributions will be remembered for their significant role in safeguarding India's maritime interests. The Coast Guard and the nation mourn his passing, honoring his service and commitment to the country.

Maharashtra Government Announces Official Launch of Mukhyamantri Majhi Ladki Bahin Yojna.

The Maharashtra government has officially launched the Mukhyamantri Majhi Ladki Bahin Yojna. This new initiative aims to support and empower young women in the state. Under the scheme, eligible beneficiaries will receive various forms of assistance, including educational support, financial aid, and skill development programs. The government hopes that this scheme will improve opportunities for women, enhance their overall well-being, and contribute to their personal and professional growth. The announcement was made during a press conference where officials highlighted the program's goals and the positive impact it is expected to have on the lives of young women.

Union Cabinet gives approval to three new Metro projects.

The Union Cabinet has approved three new metro rail projects to enhance urban connectivity in India. These projects aim to provide faster, more efficient public transportation and reduce traffic congestion in major cities. The new metro lines will cover key areas, improving accessibility for millions of commuters. This decision is part of the government's ongoing efforts to modernize urban infrastructure and promote sustainable development. The projects are expected to generate significant employment opportunities and contribute to economic growth. Construction will begin soon, with the goal of completing the projects within the next few years.

Delhi's IGIA Becomes First Airport in India to Achieve Net Zero Carbon Emission Status Under Airports Council International (ACI).

Delhi's Indira Gandhi International Airport (IGIA) has made history by becoming the first airport in India to achieve net zero carbon emissions status under the Airports Council International (ACI) guidelines. This significant milestone underscores the airport’s commitment to sustainability and environmental responsibility. Achieving net zero emissions means that the airport has balanced out the carbon dioxide it emits with an equivalent amount of carbon offsets or reductions. This achievement reflects a growing trend among global airports to enhance their environmental performance and contribute to global climate goals. IGIA’s accomplishment sets a benchmark for other airports in India and worldwide.

Union Minister Amit Shah Launches Tarun Chugh's Book "Modi's Governance Triumph: Reshaping India's Path to Prosperity.

Union Minister Amit Shah recently launched the book titled "Modi's Governance Triumph: Reshaping India's Path to Prosperity" by Tarun Chugh. The book explores the achievements and strategies of Prime Minister Narendra Modi's governance and its impact on India’s development. During the launch event, Shah praised Chugh for capturing the essence of Modi's leadership and vision. He highlighted how the book sheds light on the transformative policies that have steered India towards prosperity. The event was attended by prominent figures and garnered significant attention from the media and public alike.

World photography day is celebrated on 19 August 2024.

World Photography Day is celebrated on August 19, 2024. This annual event honors the art and science of photography, highlighting its role in capturing and preserving moments in time. The day is marked by various activities, including photo exhibitions, workshops, and discussions about the impact of photography on society and culture. It also provides an opportunity for photographers worldwide to showcase their work and engage with audiences. This year, the celebrations emphasize the evolution of photography and its significance in documenting human experiences and the world around us.

(MoA&FW) Ministry of Agriculture & Farmers' Welfare Launches AI-Powered National Pest Surveillance System to Empower Farmers.

The Ministry of Agriculture & Farmers' Welfare (MoA&FW) has launched an AI-powered National Pest Surveillance System to help farmers across the country. This innovative system uses artificial intelligence to monitor and detect pest infestations in crops, providing timely alerts to farmers. By identifying potential threats early, the system aims to reduce crop losses and increase agricultural productivity. The initiative is part of the government's ongoing efforts to support farmers by leveraging advanced technologies, ensuring they are better equipped to manage pests and enhance crop yields.

Kotak Band Announces Amalgamation of Sonata Finance and BSS Microfinance.

Kotak Band has announced the amalgamation of Sonata Finance and BSS Microfinance. This strategic move aims to consolidate their financial services and enhance their market position. Sonata Finance, known for its robust portfolio in retail lending, and BSS Microfinance, a leader in micro-loans, will now operate under a unified structure. The merger is expected to streamline operations, improve efficiency, and offer a broader range of financial products to customers. Kotak Band believes this integration will strengthen their foothold in the finance sector and create new growth opportunities for the combined entity.

India Marked 78th Independence Day with Vibrant Celebrations on August 15, 2024.

India celebrated its 78th Independence Day on August 15, 2024, with grand events across the nation. Prime Minister Narendra Modi hoisted the national flag at the Red Fort, delivering an inspiring speech that emphasized India's progress and future aspirations. The celebrations included vibrant cultural performances, a display of military strength, and tributes to freedom fighters. The event was marked by a special focus on "Amrit Kaal," a vision for the next 25 years of India's development. Citizens participated with enthusiasm, showcasing patriotism through various activities, making this Independence Day a memorable occasion for all.

MoS(Minister of State) Bhagirath Choudhary Launches Digital Geo-Spatial Platform 'Krishi Decision Support System'.

Minister of State Bhagirath Choudhary launched the digital geo-spatial platform, 'Krishi Decision Support System.' This innovative platform aims to enhance agricultural productivity by providing farmers with real-time data and insights. It uses advanced geo-spatial technology to help farmers make informed decisions regarding crop planning, soil health, and water management. The platform is designed to empower farmers with critical information, ultimately leading to increased efficiency and sustainable farming practices. The launch marks a significant step towards modernizing Indian agriculture through digital tools and technology.

Ministry of Ports, Shipping and Waterways Launches Standard Operating Procedure (SOP) for Green Tug Transition Program to Promote Sustainable Maritime Future.

The Ministry of Ports, Shipping and Waterways (MoPSW) has introduced a Standard Operating Procedure (SOP) for its Green Tug Transition Program. This initiative aims to promote sustainability in maritime operations by transitioning to environmentally friendly tugs. The SOP outlines guidelines for the replacement of conventional tugs with green alternatives, focusing on reducing emissions and enhancing energy efficiency. By adopting this program, the MoPSW seeks to lead the maritime industry toward a more sustainable future, aligning with global environmental standards and contributing to the reduction of the sector's carbon footprint.

Union Minister C.R. Patil Launches 'FloodWatch India' Mobile App Version 2.0

Union Minister C.R. Patil has launched the latest version of the 'FloodWatch India' mobile app, Version 2.0. This upgraded app aims to provide real-time flood alerts and updates to users across the country, enhancing disaster preparedness and response. The new version includes improved features such as better user interface, advanced predictive algorithms, and localized warnings. It is designed to assist individuals and communities in managing flood risks more effectively. The launch event highlighted the government's commitment to leveraging technology for better disaster management and ensuring public safety during flood emergencies.

President Draupadi Murmu will pay a state visit to Fiji, New Zealand and Timor-Leste to strengthen bilateral relations and regional cooperation.

President Droupadi Murmu will undertake a state visit to Fiji, New Zealand, and Timor-Leste from August 5 to 10, 2024. This diplomatic tour aims to strengthen bilateral relations and enhance cooperation in various sectors. During her visit, President Murmu is expected to meet with the leaders of these nations to discuss opportunities for collaboration and mutual growth. The visit also underscores India's commitment to fostering partnerships with countries in the Pacific and Oceania regions. The trip is anticipated to advance regional cooperation and contribute to the global diplomatic landscape.

Dr. S. Jaishankar’s Visited to the Maldives's (August 9-11, 2024) Enhances Bilateral Relations and Regional Cooperation.

External Affairs Minister Dr. S. Jaishankar officially visited the Maldives from August 9 to 11, 2024. During his visit, Dr. Jaishankar met with Maldivian President Ibrahim Mohamed Solih and other key officials to discuss strengthening bilateral relations between India and the Maldives. The discussions focused on enhancing cooperation in various sectors, including trade, security, and infrastructure development. The visit aimed to reaffirm India’s commitment to supporting the Maldives in its developmental goals and to foster greater regional collaboration. Dr. Jaishankar’s visit underscores the growing partnership between the two nations.

Comptroller and Auditor General (CAG) and Chamber of Accounts of Uzbekistan Sign MOU to Exchange Auditing Expertise.

The Comptroller and Auditor General (CAG) of India and the Chamber of Accounts of Uzbekistan have signed a Memorandum of Understanding (MOU) to foster cooperation in auditing expertise. This agreement aims to enhance the auditing practices of both countries by sharing knowledge, methodologies, and experiences. The MOU will facilitate capacity-building workshops, joint training programs, and collaborative projects, which are expected to improve the overall quality of auditing and financial management. The collaboration underscores a commitment to strengthening auditing standards and practices through international cooperation.

DSP Mutual Fund Launches India's First Nifty Top 10 Equal Weight Index Fund and ETF.

DSP Mutual Fund has launched India's first Nifty Top 10 Equal Weight Index Fund and Exchange-Traded Fund (ETF). This innovative fund is designed to provide equal weightage to the top 10 Nifty companies, unlike traditional index funds that weight stocks according to their market capitalization. By equalizing the weightage, the fund aims to reduce concentration risk and offer a more balanced investment approach. Investors can now gain exposure to major Indian companies in a more diversified manner. The ETF and index fund will be accessible to both retail and institutional investors.

National Institute for Micro, Small and Medium Enterprises (NI-MSME) Hyderabad Receives UTKRISHT Accreditation Certificate.

The National Institute for Micro, Small and Medium Enterprises (NI-MSME) in Hyderabad has been awarded the prestigious UTKRISHT accreditation certificate. This recognition highlights the institute’s exceptional performance and commitment to excellence in fostering entrepreneurship and supporting micro, small, and medium enterprises. The UTKRISHT certification is a testament to NI-MSME's continuous efforts to improve and enhance its services, ensuring high standards of quality and effectiveness. This achievement underscores the institute’s significant role in promoting business growth and development within the SME sector, further solidifying its reputation as a leading institution in its field.

Paetongtarn Shinawatra Becomes Thailand's Youngest Prime Minister.

Paetongtarn Shinawatra has made history by becoming Thailand's youngest Prime Minister. At just 36 years old, Shinawatra, a member of the prominent Shinawatra political family, took office after a decisive victory in the general elections. Her election marks a significant shift in Thai politics, as she represents a new generation of leadership. Shinawatra, who previously served in various political roles, promises to bring fresh perspectives and reforms to the country. Her ascent to power is seen as a pivotal moment for Thailand, reflecting both generational change and the evolving political landscape.

Hockey India Retires No. 16 Jersey in Honor of PR Sreejesh Appoints Him as Junior Men's Team Coach.

Hockey India has honored legendary goalkeeper PR Sreejesh by retiring the No. 16 jersey, a number he wore throughout his illustrious career. This gesture acknowledges his immense contribution to Indian hockey. In addition to this tribute, Sreejesh has been appointed as the coach of the junior men's hockey team. His new role will involve mentoring young talent and sharing his extensive experience with the upcoming generation of players. This appointment underscores Hockey India's commitment to nurturing future stars and continuing the legacy of excellence in the sport.

Maharashtra Declares Rock Arts in Ratnagiri as Protected Monuments.

Maharashtra has officially declared the rock arts in Ratnagiri as protected monuments. This decision aims to preserve and safeguard these ancient petroglyphs and geoglyphs, which hold significant cultural and historical value. The rock art, featuring intricate designs and symbols, offers insights into the region's prehistoric past. The declaration will ensure that these artworks are maintained, protected from vandalism, and accessible for research and education. The move reflects the state's commitment to preserving its rich heritage and promoting awareness about the historical significance of these artistic treasures.

UP CM Yogi Adityanath Announces Myuva Scheme to Empower Youth Entrepreneurs.

Uttar Pradesh Chief Minister Yogi Adityanath has launched the Myuva scheme aimed at empowering young entrepreneurs in the state. This initiative seeks to provide financial support, training, and resources to help youth establish and grow their businesses. The Myuva scheme is part of a broader effort to boost economic development and job creation in Uttar Pradesh. By focusing on entrepreneurship, the scheme intends to harness the potential of young people and stimulate innovation across various sectors. This move is expected to create numerous opportunities for the youth, enhancing their role in the state's economic progress.

IIT Madras Tops NIRF(National Institutional Ranking Framework) 2024 Rankings and IISc Bengaluru Comes Second.

Indian Institute of Technology (IIT) Madras has once again topped the National Institutional Ranking Framework (NIRF) 2024, at the top of the ranking for the sixth consecutive year. The Education Ministry announced the National Institutional Ranking Framework (NIRF) 2024 on August 12. Indian Institute of Technology (IIT) Madras has secured the top position for the consecutive year, while Indian Institute of Science (IISc), Bengaluru has taken the second position. Both institutions continue to uphold their prestigious positions in India's higher education landscape.

Union Environment Minister has added 3 more wetlands to the list of Ramsar sites on the eve of India's Independence Day 2024.

Union Minister for Environment, Forest and Climate Change Shri Bhupender Yadav said on the eve of Independence Day 2024 that India has increased its tally of Ramsar sites (Wetlands of International Importance) to 85 from existing 82 by designating three more wetlands as Ramsar Sites. In a post on X, Shri Yadav expressed happiness on addition of three Ramsar sites on the eve of Independence Day. Union Minister congratulated the states of Tamil Nadu and Madhya Pradesh whose wetlands have been added to the Ramsar sites.

Kiren Rijiju & George Kurian Launches Haj Application 2025 & Jiyo Parsi Scheme Portal.

Kiren Rijiju and George Kurian have introduced two significant initiatives: the Haj Application 2025 and the Jiyo Parsi Scheme Portal. The Haj Application 2025 aims to simplify the application process for pilgrims, improving efficiency and accessibility. The Jiyo Parsi Scheme Portal provides financial assistance to eligible Parsi couples through Direct Benefit Transfer (DBT), supporting community welfare. Both platforms reflect the government's commitment to enhancing support and services for these communities.

"EEPC India and ISSDA Sign MoU to Boost MSME Exports and International Trade"

On Tuesday, the Engineering Export Promotion Council of India (EEPC India) and the Indian Stainless Steel Development Association (ISSDA) signed an MoU to enhance MSME exports. The agreement focuses on identifying export opportunities, organizing trade events, and facilitating trade information exchange. It also aims to promote international investment through joint ventures and technical collaborations. EEPC India's Executive Director Adhip Mitra and ISSDA's Executive Director Rohit Kumar signed the MoU, with senior officials from both organizations present.

Railways and NCRTC(National Capital Region Transport Corporation) Collaborate to Advance 'One India-One Ticket' Initiative.

The Indian Railway and National Capital Region Transport Corporation (NCRTC) have collaborated to promote the 'One India - One Ticket' initiative, enhancing the travel experience for passengers on main line railway and Namo Bharat trains, a statement said on Monday. This collaboration aims to provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS (Regional Rapid Transit System) services, it said.

ONGC(Oil and Natural Gas Corporation) and Oil India to Set New Natural Gas Prices 20% Above Current Rates.

On Monday, the Ministry of Petroleum and Natural Gas approved a new pricing policy for gas from new wells or well interventions in ONGC and Oil India Ltd.’s nominated fields. Gas from these sources will be priced at a 20% premium over the current administered price mechanism (APM), set at 10% of the Indian crude basket price. The new price will be 12% of the crude basket price. This initiative aims to enhance the viability of new gas projects and boost domestic production by making such developments more economically attractive.

"Reserve Bank of India Tightens HFC Norms to Align with NBFC Regulations.

The Reserve Bank of India (RBI) on Monday tightened norms related to public deposit acceptance by housing finance companies (HFCs), which were so far subject to relaxed prudential norms compared to non-banking financial companies (NBFCs). According to the revised guidelines, the RBI has reduced the ceiling on the quantum of public deposits that a deposit-taking HFC, which is in compliance with all prudential norms and minimum investment grade credit rating, can hold — from 3 times to 1.5 times its net owned fund (NoF).

"Fintech Startup Jai Kisan Wins NBFC Licence and Targets Loan Distribution and Co-Lending.

Rural-focused fintech startup Jai Kisan has obtained a non-banking finance company (NBFC) licence following its acquisition of a majority stake in Kushal Finnovation Capital, an NBFC specialising in supply chain financing. Arjun Ahluwalia, cofounder and chief executive officer of Jai Kisan is a non-executive director of Kushal Finnovation Capital. With this new NBFC licence, Jai Kisan can now offer customised financial products including loans from its own portfolio. The company will also be able to enter into co-lending partnerships with financial institutions, including public sector banks in India.

ISRO successfully launches EOS-08 Earth Observation Satellite in Sriharikota.

On August 16, the Indian Space Research Organisation (ISRO) successfully launched the EOS-08 Earth Observation Satellite aboard the Small Satellite Launch Vehicle (SSLV)-D3 from the Satish Dhawan Space Centre, Sriharikota. The SSLV-D3, completing its third and final developmental flight, lifted off at 9:17 am and placed the EOS-08 satellite into a 475 km circular orbit within 17 minutes. ISRO Chairman S. Somanath confirmed the launch was flawless with no deviations.

R.N Aggarwal, famous as the 'Father of Agni Missile' passed away.

India's leading missile scientist R. N. Agarwal passed away. Hailed as the 'Father of the Agni Missile', Aggarwal played a key role in the development of the Agni series of missiles. His contribution took the Indian missile program to new heights and strengthened the country's defense capabilities. His achievements will remain invaluable. He had served as the Agni programme director and also as the director of ASL (Advanced Systems Laboratory) in Hyderabad.

Boeing Teams with AI Engineering Services to Enhance Navy’s P-8I Fleet

Boeing has partnered with AI Engineering Services to provide advanced technical support for the Indian Navy's P-8I maritime patrol aircraft. Under this collaboration, Artificial Intelligence (AI) based systems and software will be updated in P-8I aircraft in collaboration with AI Engineering Services. This technological advancement will improve the surveillance and patrol capabilities of the aircraft, thereby improving maritime security and mission success. This step of Boeing is important to increase the strategic efficiency and operational capability of the Indian Navy.

India and Israel Partner To Establish A New CoWT ( Centre of water Technology) At IIT Madras.

India and Israel have partnered to establish a new Centre of Water Technology (CoWT) at IIT Madras. This collaboration aims to advance water technology research and development, addressing critical water challenges through innovative solutions. The new center will focus on cutting-edge technologies and sustainable practices to enhance water management. This initiative underscores the strong bilateral cooperation between the two nations in tackling global water issues.

RBI penalized Bank of Maharashtra with Rs 1.27 crore for breaching directives like Know Your Customer(KYC).

The Reserve Bank on Friday said it has imposed a penalty of Rs 1.27 crore on Bank of Maharashtra (BoM) for violating its directions, including on Know Your Customer. The Reserve Bank of India (RBI) has, by an order dated August 8, 2024, imposed a monetary penalty of Rs 1.27 crore on Bank of Maharashtra for non-compliance with certain directions issued by RBI on 'Loan System for Delivery of Bank Credit', 'Cyber Security Framework in Banks' and 'Know Your Customer', the central bank said in a statement.

DRDO Successfully test fires Made -in-India potable anti task missile.

The defence research and development organisation on Tuesday conducted successful test-firing of the indigenously develop Man-Portable Anti Tank Guided Missile (MP-ATGM). The test took place at a field firing range located in Jaisalmer, Rajasthan, DRDO officials said. The MP-ATGM is a portable, shoulder-launched missile system designed to neutralize enemy tanks and armored vehicles.

Himachal Pradesh Launches HIM-UNNATI Scheme to Promote Natural Farming.

Himachal Pradesh (HP) has introduced the HIM-UNNATI scheme to encourage natural farming practices across the state. The full form of HIM-UNNATI is "Himachal Integrated Mission for Sustainable Agriculture and Natural Farming Initiatives." This initiative aims to promote eco-friendly agricultural techniques, reduce the dependence on chemical inputs, and enhance soil health. The scheme will provide financial assistance, technical support, and training to farmers adopting natural farming methods. By fostering sustainable agricultural practices, the program seeks to improve crop quality and farmer livelihoods while ensuring environmental conservation.

28th Conference of Central and State Statistical Organisations Successfully Held in New Delhi.

The 28th Conference of Central and State Statistical Organisations was successfully held in New Delhi. The event brought together key stakeholders from various government statistical agencies across the country. Discussions centered on improving the quality and reliability of data collection, with a focus on new technologies and methodologies. The conference also emphasized the importance of data-driven decision-making in governance. Experts shared insights on integrating state and central statistical systems for better coordination and efficiency. The event concluded with a commitment to strengthen the statistical framework in India to support sustainable development goals.

USA Accounts for Highest Foreign Portfolio Investment in India, SEBI Report Reveals.

According to the latest SEBI report, the United States has emerged as the leading source of Foreign Portfolio Investment (FPI) in India. The report highlights that American investors have significantly increased their investments in Indian markets, surpassing other nations in terms of FPI volume. This surge in investment reflects growing confidence in India’s economic prospects and market stability. The increased American investment is expected to enhance market liquidity and drive further economic growth in the country. The SEBI report underscores the pivotal role of U.S. investors in shaping India’s financial landscape.

International left-handers day is celebrated on 14 August 2024.

International Left-Handers Day is celebrated annually on August 14. In 2024, this special day highlights the unique skills and challenges faced by left-handed individuals. It recognizes their contributions and celebrates the distinctiveness of left-handedness in a predominantly right-handed world. Various activities and events are organized to raise awareness and foster inclusivity for left-handed people. This day serves as an opportunity to appreciate and support left-handed individuals, acknowledging the diversity they bring to everyday life and encouraging greater understanding and accommodation in all areas of society.

World organ donation day is celebrated on 13 August 2024.

World Organ Donation Day was observed on August 13, 2024. This day is dedicated to raising awareness about the importance of organ donation and encouraging people to register as organ donors. Events and activities were held globally to highlight the critical need for organ donors and the life-saving potential of organ transplantation. Many organizations, hospitals, and individuals participated in spreading the message, aiming to increase donor registrations and support for organ donation initiatives. The day served as a reminder of the impact that one person's decision to donate organs can have on saving lives.

The three formations of the Indian Ocean were named Ashoka, Chandragupta and Kalpataru.

Three significant underwater structures in the Indian Ocean have been officially named Ashoka Seamount, Chandragupt Ridge, and Kalpataru Ridge. The names honor historical figures and cultural heritage. Ashoka Seamount, named after the ancient Mauryan emperor Ashoka, symbolizes the rich history of the region. Chandragupt Ridge commemorates Chandragupta Maurya, another notable emperor, while Kalpataru Ridge is inspired by the mythical wish-fulfilling tree, Kalpataru. This naming recognizes both historical significance and the natural beauty of these underwater formations, reflecting a deep connection to India's cult…

India and USA Sign MoU to Boost Cooperation on Small and Medium Enterprises.

India and the USA have signed a Memorandum of Understanding (MoU) to enhance cooperation in the small and medium enterprise (SME) sector. This agreement aims to foster collaboration between businesses and governments of both countries, facilitating the exchange of best practices, technology, and resources. The MoU will focus on improving the growth potential and sustainability of SMEs, providing them with better access to international markets. The partnership is expected to bolster economic ties and create new opportunities for innovation and development in both nations.

Ministry of Petroleum and Natural Gas (MoPNG) Approves ONGC's ₹10,501 Crore Investment in Oriental Petrochemicals Limited (OPaL).

The Ministry of Petroleum and Natural Gas (MoPNG) has approved Oil and Natural Gas Corporation's (ONGC) investment of ₹10,501 crore in the Oriental Petrochemicals Limited (OPaL) project. This significant investment aims to enhance OPaL's capacity and improve its production capabilities in the petrochemical sector. The approval is expected to boost the overall growth of the petrochemical industry in India and strengthen ONGC's strategic position in the market. The move aligns with the government's objective to promote industrial expansion and self-reliance in key sectors.

The International Labor Organization(ILO)'s Global Employment Trends (GET) for Youth 2024 report projects the youth unemployment rate falling to 13% in 2023 and the lowest in 15 years.

According to the International Labour Organization's Global Employment Trends (GET) for Youth 2024, the global youth unemployment rate fell to 13% in 2023, marking the lowest level in 15 years. This decline is attributed to various factors, including economic recovery post-pandemic and increased youth employment initiatives. The report highlights significant progress in job creation for young people, although challenges remain in ensuring sustainable employment opportunities across different regions. The ILO emphasizes continued efforts to support youth employment and address disparities to maintain and build upon this positive trend.

RBI Forms 10-Member Expert Committee to Align Statistics with Global Standards.

The Reserve Bank of India (RBI) has established a 10-member expert committee to benchmark its statistical practices with international standards. This initiative aims to enhance the accuracy and comparability of RBI's data with global norms. The committee will review current methodologies and recommend improvements to align with global best practices. This move is part of RBI's broader strategy to ensure transparency and credibility in its reporting. The committee is expected to provide its recommendations within a specified timeframe, which will be crucial for refining the RBI's statistical framework and ensuring consistency with international benchmarks.

NPCI Forms NPCI BHIM Services Ltd. as Wholly-Owned Subsidiary.

The National Payments Corporation of India (NPCI) has announced the establishment of NPCI BHIM Services Ltd. as its wholly-owned subsidiary. This strategic move aims to further enhance and expand the reach of the BHIM (Bharat Interface for Money) platform. By creating this subsidiary, NPCI intends to streamline operations and focus on improving digital payment solutions under the BHIM brand. This development is expected to boost the adoption of digital transactions and support the government's push for a cashless economy. NPCI BHIM Services Ltd. will play a crucial role in advancing financial inclusion and innovation in the payments sector.

India to Begin Production of LCA Mark 2 Jets by 2029 and 5th Generation AMCA Fighter by 2035.

India is set to significantly advance its defense capabilities with the production of the Light Combat Aircraft (LCA) Mark 2 jets beginning by 2029. The LCA Mark 2 will feature enhanced capabilities and upgrades over its predecessors. Additionally, India is planning to start production of the Advanced Medium Combat Aircraft (AMCA), a fifth-generation fighter jet, by 2035. The AMCA will offer advanced stealth features, superior avionics, and enhanced combat capabilities. These projects highlight India's commitment to modernizing its air force and achieving self-reliance in defense technology.

Three New Edible Bug Species Discovered in Arunachal Pradesh: Coridius adii, Coridius insperatus, and Coridius esculentus.

Researchers in Arunachal Pradesh have discovered three new edible bug species: Coridius adii, Coridius insperatus, and Coridius esculentus. These insects, known for their nutritional value and culinary potential, represent a significant addition to the region's biodiversity. The discovery highlights the rich entomological diversity of Arunachal Pradesh and its potential for sustainable food sources. Local communities may benefit from these new species, which could become integral to traditional diets and contribute to regional food security. The findings are a testament to the area's unexplored biological wealth and the importance of ongoing ecological research.

Rajya Sabha Deputy Chairman Harivansh Releases Book Titled 'Bharat ke 75 Mahan Krantikari.

Rajya Sabha Deputy Chairman Harivansh recently released a book titled "Bharat ke 75 Mahan Krantikari" (75 Great Revolutionaries of India). The book highlights the lives and contributions of notable Indian revolutionaries who played crucial roles in the country’s struggle for independence. Through this publication, Harivansh aims to honor and bring attention to these unsung heroes who have significantly impacted India's history. The release event was attended by several distinguished guests, scholars, and members of the Rajya Sabha, reflecting the importance of remembering and celebrating India's rich revolutionary heritage.

Partition horrors remembrance day is celebrated on 14 August 2024.

On August 14, 2024, India will observe Partition Horrors Remembrance Day. This day is dedicated to remembering the immense suffering and loss experienced during the partition of India in 1947. It honors the memory of those who lost their lives and the countless families who were displaced. The day serves as a solemn reminder of the human cost of partition and aims to promote peace, unity, and reconciliation. Various events and memorial services will be held across the country to pay tribute to the victims and to reflect on the lessons learned from this tragic chapter in history.

Ministry of External Affairs (MEA) and NSIL Sign MoU to Assist in Launch of Nepal's Munal Satellite.

The Ministry of External Affairs (MEA) and NewSpace India Limited (NSIL) have signed a Memorandum of Understanding (MoU) to support the launch of Nepal's Munal satellite. This collaboration is a significant step in strengthening India-Nepal space cooperation. The Munal satellite, named after Nepal's national bird, will play a key role in enhancing Nepal's communication and remote sensing capabilities. Through this partnership, India continues to extend its technological expertise to neighboring countries, reinforcing regional ties and fostering scientific collaboration in the space sector.

PM Narendra Modi Releases 109 High-Yielding, Climate-Resilient, and Biofortified Crop Varieties.

Prime Minister Narendra Modi has unveiled 109 high-yielding, climate-resilient, and biofortified varieties of crops. These new varieties are designed to withstand adverse climatic conditions, ensuring consistent productivity despite challenges like droughts, floods, and extreme temperatures. Additionally, these crops are enriched with essential nutrients, contributing to the fight against malnutrition. The initiative is part of the government's broader strategy to enhance food security and improve the nutritional profile of India's population. Modi emphasized the importance of agricultural innovation in ensuring the country's self-reliance and supporting the livelihoods of millions of farmers.

Union Minister Dr. Jitendra Singh Launches Amit Gyan Kosh and Faculty Development Portals.

Union Minister Dr. Jitendra Singh recently inaugurated the Amit Gyan Kosh and Faculty Development Portals. The Amit Gyan Kosh aims to enhance the accessibility and dissemination of educational resources, offering a comprehensive repository for knowledge. Meanwhile, the Faculty Development Portal is designed to support and advance the professional growth of educators through various training and development programs. These initiatives are part of the government’s efforts to modernize and improve the educational infrastructure in India. Dr. Singh emphasized the importance of leveraging technology to boost educational standards and ensure that both students and teachers benefit from these new resources.

MoHFW Launches 2nd Phase of Nationwide Bi-Annual MDA Campaign 2024 to Eliminate Lymphatic Filariasis.

The Ministry of Health and Family Welfare (MoHFW) has launched the second phase of its nationwide bi-annual Mass Drug Administration (MDA) campaign for 2024, aimed at eliminating Lymphatic Filariasis (LF). This initiative follows the success of the first phase and focuses on administering anti-filarial drugs to at-risk populations across the country. The campaign seeks to interrupt LF transmission, reduce the incidence of new cases, and ultimately eradicate the disease. Health workers will distribute medications in endemic areas, targeting millions of individuals to achieve a filaria-free India.

Department of Pension and Pensioners' Welfare Issues Guidelines for Nationwide DLC Campaign 3.0.

The Department of Pension and Pensioners' Welfare has released new guidelines for the nationwide DLC (Digital Life Certificate) Campaign 3.0. This campaign aims to streamline the process for pensioners to submit their digital life certificates, ensuring their continued eligibility for pension benefits. The updated guidelines include detailed procedures for both pensioners and relevant institutions, aiming to enhance efficiency and accessibility. The initiative is expected to improve the overall experience for pensioners by making the certification process more user-friendly and efficient. The department encourages all pensioners to adhere to these new guidelines to avoid any disruptions in their pension payments.

Indian Air Force Successfully Concludes Participation in Exercise Udara Shakti 2024.

The Indian Air Force (IAF) has successfully concluded its participation in Exercise Udara Shakti 2024. The multinational exercise, held at a designated location, focused on enhancing interoperability and strategic cooperation among the participating nations. The IAF showcased its advanced capabilities and operational readiness through various drills and simulations. This exercise underscored the IAF’s commitment to maintaining high standards of excellence and readiness. The successful completion of Udara Shakti 2024 highlights the importance of international collaboration in strengthening global defense ties and enhancing mutual understanding between participating forces.

10th Edition of India-Sri Lanka Joint Military Exercise 'Mitra Shakti 2024' Commences in Sri Lanka.

The 10th edition of the India-Sri Lanka joint military exercise, Mitra Shakti 2024, has commenced in Sri Lanka. This annual exercise aims to enhance interoperability and strengthen bilateral military cooperation between the two nations. The event brings together troops from both countries to engage in various tactical drills, including counter-terrorism operations and humanitarian assistance. The exercise also focuses on improving mutual understanding and fostering camaraderie among the participating forces. High-ranking officials from both nations have expressed their commitment to furthering defense collaboration and maintaining regional stability through such joint initiatives.

Neelakurinji Iconic Flowering Shrub of Kodagu and Western Ghats Listed as Vulnerable by (International Union for Conservation of Nature) IUCN.

The Neelakurinji, a flowering shrub renowned for its stunning blooms, has been listed as "Vulnerable" by the International Union for Conservation of Nature (IUCN). Native to Kodagu and the Western Ghats, this plant is famous for its rare and spectacular flowering cycle that occurs once every 12 years. The recent assessment highlights concerns about its declining population due to habitat loss and climate change. Conservationists are urging immediate action to protect the Neelakurinji and its natural habitat to ensure its survival for future generations.

According to Exim Bank Report, India's Merchandise Exports Expected to Grow by 4.2% in Q2 FY25.

According to the latest report by Exim Bank, India’s merchandise exports are projected to grow by 4.2% in the second quarter of FY25. This forecast reflects a positive outlook for Indian exports, driven by increased demand in key markets and improved global trade conditions. The report highlights that the growth is expected to be supported by the strong performance in sectors such as engineering goods, textiles, and chemicals. The anticipated increase underscores the resilience of India's export sector amidst global economic fluctuations and ongoing trade challenges.

RBI Approves FPI Investment in Sovereign Green Bonds at IFSC.

The Reserve Bank of India (RBI) has granted approval for Foreign Portfolio Investors (FPIs) to invest in Sovereign Green Bonds at the International Financial Services Centre (IFSC). This move aims to attract more international capital into India's green finance sector and support the country’s environmental goals. Sovereign Green Bonds are designed to fund projects with environmental benefits, aligning with global sustainability efforts. The RBI’s decision is expected to enhance India's position as a green finance hub and promote sustainable investment practices among global investors.

Mazagon Dock Limited (MDL) Approves Construction of 6 Submarines in Collaboration with Germany's ThyssenKrupp Marine Systems (TKMS).

Mazagon Dock Limited (MDL) has approved the construction of six submarines in collaboration with Germany’s ThyssenKrupp Marine Systems (TKMS). This partnership aims to enhance India’s naval capabilities and strengthen defense ties between the two nations. The agreement marks a significant milestone in India’s strategic defense procurement, focusing on advanced submarine technology. The project will involve technology transfer and local production, contributing to the Make in India initiative. The submarines are expected to bolster the Indian Navy's operational readiness and maritime security.

Padma Bhushan Awardee and Former External Affairs Minister K. Natwar Singh Passes Away.

K. Natwar Singh, a distinguished Padma Bhushan awardee and former External Affairs Minister of India, has passed away. Singh, who served as India's External Affairs Minister from 2004 to 2005, was a prominent diplomat and politician known for his contributions to Indian foreign policy. His career spanned several decades, during which he played a significant role in shaping India's international relations. Singh's passing marks the end of an era for Indian diplomacy. His contributions to the nation and his legacy in international affairs will be remembered by many.

International youth day is celebrated on 12 August 2024.

International Youth Day was observed on August 12, 2024, with a focus on empowering young people worldwide. The day highlighted the critical role of youth in shaping the future and emphasized the importance of their active participation in various sectors, including education, employment, and community service. Events and activities were organized globally to celebrate the achievements of young individuals and address the challenges they face. The theme for this year's International Youth Day centered on promoting mental health and well-being among young people, urging societies to support and invest in their future.

World elephant day is celebrated on 12 August 2024.

World Elephant Day was observed on August 12, 2024, to raise awareness about the plight of elephants and promote their conservation. The day highlights the urgent need to protect these majestic creatures from threats like habitat loss, poaching, and human-wildlife conflict. Various events and activities were organized globally to educate people about the importance of elephant conservation and the role these animals play in ecosystems. Conservationists and wildlife organizations called for increased efforts to ensure a safer and more sustainable future for elephants.

MNRE Issues Operational Guidelines for Model Solar Village Scheme Under PM Surya Ghar Muft Bijli Yojna.

The Ministry of New and Renewable Energy (MNRE) has released operational guidelines for the Model Solar Village Scheme under the PM Surya Ghar Muft Bijli Yojna. This initiative aims to promote solar energy usage in rural areas by setting up model solar villages. The guidelines outline the process for implementing solar projects, including eligibility criteria, funding mechanisms, and technical specifications. The scheme is expected to enhance the sustainability and energy security of rural communities by providing them with reliable and clean energy sources. This move is a significant step towards achieving India's renewable energy goals.

Axis Bank and Visa Launch Primus Credit Card for India's Elite.

Axis Bank, in partnership with Visa, has introduced the Primus Credit Card, tailored for India's elite. This premium card offers exclusive benefits including personalized concierge services, access to luxury airport lounges, and premium rewards. Designed to cater to high-net-worth individuals, the Primus Credit Card provides enhanced security features and a host of privileges, including priority services and bespoke offers. The launch underscores Axis Bank's commitment to delivering top-tier financial products and enhancing the banking experience for its affluent clientele. This initiative is set to elevate the standards of luxury banking in India.

Prime Minister Narendra Modi Approves Major Infrastructure Projects and Housing Scheme Expansion on August 9, 2024.

On August 9, 2024, Prime Minister Narendra Modi led the Cabinet in approving significant initiatives aimed at strengthening India's infrastructure and economy. The key decisions included the approval of a massive infrastructure development project focused on enhancing road and rail connectivity across the country. Additionally, the Cabinet sanctioned the expansion of the Pradhan Mantri Awas Yojana to cover more beneficiaries, ensuring affordable housing for all. PM Modi emphasized that these approvals are in line with the government's vision of making India a global economic powerhouse.

SBI Signs MoU with Jakson Engineers to Boost Solar Energy Adoption in India.

State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with Jakson Engineers to promote the adoption of solar energy across India. This collaboration aims to accelerate the shift towards renewable energy by offering easy financing options for solar projects. The partnership will focus on both residential and commercial sectors, encouraging more people and businesses to switch to solar power. SBI's extensive reach and Jakson Engineers' expertise in solar technology will work together to make solar energy more accessible, contributing to India's goal of increasing its renewable energy capacity.

Former CAF (Confederation of African Football) President Issa Hayatou Passes Away.

Former CAF President Issa Hayatou has passed away. Hayatou, a prominent figure in African football, served as the president of the Confederation of African Football (CAF) from 1988 to 2017. Under his leadership, African football saw significant growth and development. He was instrumental in organizing various continental tournaments and advancing the game on the continent. His tenure was marked by both achievements and controversies, but his impact on African football remains undeniable. Hayatou’s passing is a significant loss to the football community, and he will be remembered for his contributions to the sport.

AIIA Signs MoU with Amity University to Enhance Ayurvedic Research and Education"

The All India Institute of Ayurveda (AIIA) has signed a Memorandum of Understanding (MoU) with Amity University to advance the field of Ayurvedic research and education. This collaboration aims to foster innovation, integrate traditional Ayurvedic knowledge with modern scientific approaches, and enhance the quality of Ayurvedic education. The partnership will involve joint research projects, academic exchanges, and the development of new educational programs. By combining resources and expertise, AIIA and Amity University hope to make significant contributions to the global understanding and practice of Ayurveda.

Odisha launched India's first 24/7 grain ATM in collaboration with the World Food Program (WFP).

Odisha has made a significant stride in food security by partnering with the World Food Programme (WFP) to launch India's first 24/7 grain ATM. This innovative facility, inaugurated in the town of Jeypore, allows residents to access essential grains at any time, ensuring that food is available around the clock. The ATM is designed to provide a seamless distribution process, particularly benefiting those in remote areas who struggle with food access. This initiative is part of Odisha's broader effort to enhance food distribution and support vulnerable populations through technology-driven solutions.