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Pradip Shah Committee formed to formulate a plan to develop international retail business

Pradip Shah Committee
  • The International Financial Services Centres Authority (IFSCA) has constituted a seven-member committee of industry experts to suggest ways to develop international retail business at the International Financial Services Centre (IFSC). The committee will be headed by Indasia Fund Advisors Pvt Ltd Chairman Pradip Shah.

A tri-party agreement signed among MoD, IIT Kanpur and DARPG to conduct a predictive analysis of public grievances

A tri-party agreement
  • A Tripartite Memorandum of Understanding (MoU) has been signed between Department of Defence (DoD) Ministry of Defence (MoD), Department of Administrative Reforms & Public Grievances (DARPG) and Indian Institute of Technology, Kanpur (IITK) on 4 August 2020.They IIT Kanpur will develop Artificial Intelligence (AI) and Machine Learning (ML) Techniques to conduct exploratory and predictive analysis of Public Grievances.

SBI Card appointed Ashwini Kr Tewari as its CMD

Ashwini Kr Tewari
  • Ashwini Kumar Tewari has assumed as its new Managing Director (MD) and Chief Executive Officer (CEO) of SBI Cards & Payment Services (SBI Card).He will take charge from 1 August 2020.And he replaced Hardayal Prasad.

Defence Production and Export Promotion Policy 2020

  • The Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020) with the objective to make India self-reliant in defence manufacturing and to position the country amongst the leading countries of the world in defence and aerospace sectors
Defence Production and Export Promotion Policy

The co-inventor of the computer mouse, William English passed away

William English
  • The American computer engineer who co-invented the world’s first computer mouse, William Kirk English, has passed away at the age of 91 years old. He was the first person to co-develop the mouse along with Douglas Engelbart, at the Stanford Research Institute and demonstrated it in 1968.

First General Council meeting of the Khelo India Scheme held on 4th July

Khelo India Youth Games
  • First General Council meeting of the Khelo India Scheme held on 4th July which is chaired by Sports Minister Kiren Rijiju. He asked the states to organize State-level Khelo India Games annually with an effort to identify a larger number of grassroots-level talents and directed to organize competitions at the district, block, and panchayat-level to identify young talent.

First-of-its-kind mobile RT-PCR lab developed by IISc

mobile RT-PCR lab
  • The latest mobile RT-PCR lab developed by IISc Bengaluru is the country’s only ICMR approved lab which is capable of conducting 9000 RT-PCR tests per month. The first-of-its-kind mobile COVID-19 lab was launched by the Karnataka Education Minister Dr. K Sudhakar.

6th August observed as Hiroshima Day

Hiroshima Day
  • 6th of August marks the anniversary of the atomic bombing in Hiroshima during World War II as Hiroshima Day or Anti-Nuclear day. The horrific incident took place on August 6, 1945, when the United States dropped an atomic bomb named “Little Boy”, on the town of Hiroshima in Japan.

GOI extends line of credit worth 18 million to Maldives

  • The Line of credit worth 18 million US dollars extended by the Indian government to the Maldives comes with a repayment tenor of 20 years with a grace period of 5 years for the expansion of fishing facilities at Maldives Industrial Fisheries Company (MIFCO).

Repo rate unchanged at 4.0 percent, GDP growth predicted to be negative in FY2

repo rate
  • The policy repo rate unchanged at 4.0 percent after the decision was taken by the six-member Monetary Policy Committee during its meeting on August 6, 2020.
  • The MPC has consequently decided to keep the reverse repo rate under the liquidity adjustment facility (LAF)unchanged at 3.35 percent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 percent.

An amount of $15 million contributed by Indian Govt. to India-UN Development Partnership Fund

India-UN Development Partnership Fund
  • An amount of $15 million contributed by Indian Govt. to India-UN Development Partnership Fund to support developing nations in their developmental priorities across all Sustainable Development Goals (SDG).
  • TS Tirumurti, India’s Permanent Representative to the UN Ambassador, had handed over a cheque of $15.46 million to Jorje Chediek, Director, United Nations Office for South-South Cooperation (UNOSSC).

FutureBrand Index 2020- Reliance ranked 2nd

  • As per the report of FutureBrand Index 2020, Reliance Industries has been ranked the second biggest brand after Apple. The 2020 list is topped by Apple, while Samsung is ranked third, followed by Nvidia, Moutai, Nike, Microsoft, ASML, PayPal and Netflix.

A book titled ‘Swachh Bharat Kranti’ released

Swachh Bharat Kranti
  • The book ‘Swachh Bharat Kranti’ was launched by the Union Minister of Textiles and Women & Child Development, Smt. Smriti Irani and Union Minister of Jal Shakti, Gajendra Singh Shekhawat in New Delhi where the book aims at capturing the remarkable journey of Swachh Bharat Mission (SBM) through 35 essays.
  • ‘The Swachh Bharat Revolution’, which is edited by Shri Parameswaran Iyer, Secretary of Department of Drinking Water and Sanitation, has been translated into Hindi and is published as the Swachh Bharat Kranti.

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