Niryat Mitra : Mobile App to promote ease of doing business launched by Commerce & Industry Minister Suresh Prabhu

Union Minister of Commerce & Industry and Aviation Suresh Prabhu launched Niryat Mitra – mobile App in New Delhi .

It provides wide range of information required to undertake international trade.
Key Points:
i.It will help promote export in the country and increase the ease of doing business.

Khangchendzonga Biosphere Reserve : 11th Biosphere Reserve from India to be Included in the World Network of Biosphere Reserves of UNESCO

UNESCO designated World Network of Biosphere Reserves (WNBR) included Khangchendzonga Biosphere Reserve in its list. This decision was taken at the 30th Session of International Coordinating Council (ICC) of Man and Biosphere (MAB) Programme of UNESCO held at Palembang, Indonesia, from July 23-27, 2018.

Haryana government launches online portal for disbursal of departmental funds

Haryana Finance Minister Captain Abhimanyu Singh Sindhu launched an online portal for releasing grant-in-aid to government departments.

Online portal for disbursal of departmental funds:
i. Abhimanyu Singh Sindhu made the first transaction using the electronic system. He released Rs 84.58 crore to the health department under the National Health Mission.
ii. This online system will make budgetary process more transparent and enhance working efficiency of finance department officials.


International Affairs

“Pacific Endeavor-2018 (PE-18)” started in Kathmandu, Nepal

Pacific Endeavor-2018 (PE-18), a communication exercise under the Multinational Communications Interoperability Program (MCIP) begun in Kathmandu, Nepal.
About Pacific Endeavor:
♦ Started – 2005
♦ Focus – establishing rapid and effective interoperable communication systems to work together in disaster relief operations

Former Chile president Bachelet named new UN human rights chief

UN (United Nations) Secretary-General Antonio Guterres has chosen former two time Chilean President Michelle Bachelet to be new UN high commissioner for human rights. She would replace Jordan’s Zeid Ra’ad al-Hussein. Bachelet who ranks among the world’s most powerful women in politics, also served in 2010 as the first director of UN Women, the UN agency promoting gender equality worldwide.


Banking and Finance

HSBC launches online platform “MyDeal” to raise funds through capital markets

HSBC has launched a new digital platform named “MyDeal” to simplify capital raising process through capital markets by offering real-time access to information like investors’ feedback, profiles, client orders and deal pricing.

About HSBC:
♦ Group Chief Executive – John Flint
♦ Headquarters – London

PayPal & HDFC Bank partner to offer seamless payment experiences to card holders

PayPal and HDFC Bank
 partnered to offer safer, faster and convenient payment experiences to bank’s card holders.

♦ Headquarters: Mumbai.
♦ CEO: Aditya Puri.
♦ Tagline: We Understand your world.
♦ Founded: August 1994.

PayU & Reliance Money announce strategic partnership for instant personal loan

PayU India
 partnered with Reliance Money to offer personal loans via LazyPay.
To reach out to the underserved consumers in India,

IMF forecasts India’s GDP to grow at 7.5 % in 2019/20 fiscal year

International Monetary Fund (IMF)
 has projected India’s GDP (Gross Domestic Product) to grow at 7.5 % in the 2019-2020 fiscal year.

About International Monetary Fund (IMF):
♦ CEO – Christine Lagarde
♦ Headquarters – Washington, D.C., United States



P V Sindhu wins silver World Championships 2018 of Badminton

Ace Indian shuttler P V Sindhu finished second best winning silver medal at World Championships 2018 of Badminton in women’s singles category held at Nanjing, China.

It makes Sindhu only Indian to have four world championships podium finishes. Earlier she had won two bronze medals at 2013 (Guangzhou) and 2014 (Copenhagen) editions.

Government selects 734 athletes for Khelo-India scholarships

Sports Authority of India (SAI) under Union Ministry of Sports and Youth Affairs has cleared 734 athletes for the scholarship under the Khelo India Talent Development Scheme. They were selected High Powered Committee of SAI.

Through this programme, the athletes will get training at government-accredited residential academies.



NDA candidate Harivansh elected as Deputy Chairman of Rajya Sabha 

NDA candidate and JD(U) member Harivansh was elected as Rajya Sabha Deputy Chairman.

About Rajya Sabha:
♦ Chairman – M Venkaiah Naidu
♦ Leader of the House – Arun Jaitley
♦ Leader of Opposition – Ghulam Nabi Azad

Ivan Duque sworn in as Colombia’s youngest 60th President

Colombia’s President-elect 42-year-old Ivan Duque has been sworn in as the country’s 60th president.
i. He replaced Juan Manuel Santos and became the youngest president in Colombia’s recent history.
ii. He defeated left-leaning candidate, Gustavo Petro, in a presidential runoff in June with 54 percent of the vote.

Nikhil Nanda has been appointed as the Chairman and MD of the Escorts company

Escorts, Farm and construction equipment maker, unanimously appointed Nikhil Nanda as the Chairman and Managing Director (CMD) of the company. He succeeded his late father Rajan Nanda.

Nikhil said Escorts will create products and solutions that will transform agriculture by empowering farmers with mechanized, precision-based autonomous technology and partner nation to build smart and safe infrastructure.

S Gopakumar appointed as Director and General Manager In UIIC

Gopakumar was serving GIC Housing Finance Ltd as its Managing Director and Chief Executive Officer. United India Insurance Company (wholly owned by the Government of India) is the 2nd Largest General Insurance company with a premium of Rs.16000+ Crore in India. The Gross Domestic Premium for the Financial Year 2017-18 is above Rs.17300 crores.


Important Days

76th anniversary of Quit India movement: August Kranti Day – 9 August

The 76th anniversary of Quit India movement named as August Kranti Day was observed in India.
August Kranti Day:
i. On 9th August 1942, father of the nation Mahatma Gandhi started the Do or Die campaign to drive away Britishers from India.
ii. The movement started from Gawalia Tank in Mumbai. This day is observed as August Kranti Day every year.
iii. To observe the anniversary of Quit India movement, President Ram Nath Kovind hosted the freedom fighters at an At-Home reception at Rashtrapati Bhavan in New Delhi.

Thought of the Day

“Your Best Teacher is Your Last Mistake”

Attempt the Quiz based on 9th August 2018

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