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World
Humanitarian Day observed with theme: Inspiring the World's Humanity
Days
> World
Humanitarian Day > 20th August
On
19 August, World Humanitarian Day was observed with the theme -
Inspiring the World's Humanity. The
theme attempts to encourage people
to join any of the world’s humanitarian organizations and become an
active messenger of Humanity. The day is observed to acknowledge the
efforts of humanitarian personnel and pay tribute to those who lost
their lives working for humanitarian causes.
11
applicants including RIL, Aditya Birla Nuvo & Airtel get RBI's
'in-principle' approval for payment banks
Banking
and Insurance >
RBI > 20th August
Eleven
applicants who had sought licenses for setting up payments banks that
will provide essential facilities aimed at covering the segment of
population that has no access to financial services, have received in
principle' approval from Reserve Bank of India. They will be able to
offer only basic services. They can accept up to Rs 1, 00,000 as
deposits per account, issue ATM and debit cards and offer payments
and remittance services. The risk is less because they cannot extend
loans and have to invest 75 per cent of their deposits in government
securities. Among the applicants are Reliance Industries, India Post,
Bharti Airtel, Vodafone and Paytm. According to RBI, applicants were
assessed on financial soundness along with their ability to reach
customers with technology.
Education
loan portal launched by the government
India
> Education > 21st August
An
education loan portal that aims to ensure that no student misses out
on higher studies due to lack of funds has been launched by the
government. The portal named 'Vidya Laxmi' was launched on the
occasion of Independence Day. Five banks -- SBI, IDBI Bank, Bank of
India, Canara Bank and Union Bank of India have integrated their
system with the portal for providing loan processing status to
students.
Bandhan
Bank commences its operations
Banking
and Insurance >
Bandhan Bank > 23rd August
The
Indian banking industry gets its new member as Bandhan Bank begins
operations with 501 branches and 1.43 crore accounts across the
country. The Kolkata-headquartered bank has two divisions — micro
banking and general banking and will provide complete retail
financial solutions, including a variety of savings and loan
products. The bank also plans to have 632 branches and 250 ATMs in 27
states by the end of fiscal year 2016.
Lalita
Babar breaks national record in 3000m, qualifies for World Athletics
Championships
Sports
> Athletics > 24th August
Asian
champion Lalita Babar broke her own national record to qualify for
the women's 3000m steeplechase final in the World Athletics
Championships. Babar clocked 9:27.86 to finish fourth in heat number
two and qualified for the final round as one of the six fastest
timers outside three top finishers in each of the three heats who got
automatic qualification.
Others
Government
modifies Atal Pension Yojna for informal sector workers
Politics
and Government >
Atal Pension
Yojna > 20th August
The
Atal Pension Yojna which is a guaranteed pension scheme has been
modified by the Government to give subscribers an option to make
contribution on a monthly, quarterly or half-yearly basis. The
modification aims to widen the reach of the scheme among informal
sector workers. The statement from the Finance Ministry further said
that discontinuation of payment of contribution provision has been
substantially modified in favour of the subscriber.
Saina
Nehwal topples Carolina Marin to regain No.1 rank
Sports
> Badminton > 20th August
Saina
Nehwal dethroned Spaniard Carolina Martin to whom she had lost in the
summit clash of recently concluded World Championships to regain the
World No. 1 spot. The newly released BWF ranking features Saina with
82792 points in the top spot.
Greek
PM Tsipras resigns, paves way for new elections
World
> Greece > 20th August
After
losing support from the members of his own Syriza party, Greek Prime
Minister Alexis Tsipras announced his resignation making way for snap
elections hoping to return to power with a strong hold. The rebels in
his leftist Syriza party had opposed his backing of the demands of
international creditors for yet more austerity and economic reform in
exchange for a new $96 billion bailout. Meanwhile, 25 members of the
left wing of Syriza have announced they are breaking away to form a
separate party called Popular Unity.
Banks
will be closed on 2nd, 4th Saturdays from September 1
Banking
and Insurance >
Bank Holidays > 21st August
The
much awaited sanction of holidays on second and fourth Saturdays of a
month for the bank employees has finally got a nod from the
Government. The notification from the government will be effective
from September 1. The move comes as a respite to the bank employees
and hopes to increase productivity of the workers.
Making
India Awesome authored by Chetan Bhagat released
Books
> Chetan
Bhagat > 21st August
Ace
author Chetan Bhagat's book titled 'Making India Awesome' was
released by Rupa Publications on 19 August 2015. After the success of
his first non-fiction book 'What Young India Wants' , Chetan Bhagat
has again attempted to explore the genre of non-fiction. This book
provides inspired solutions to the country's most intractable
problems—poverty, unemployment, corruption, violence against women,
communal violence, religious fundamentalism, illiteracy and more.
Railway
officer Ashwani Lohani becomes new Air India Chief
India
> Air
India > 21st August
Indian
Railway Service officer of 1980 batch, Ashwani Lohani has taken up
the position of Air India chief as Rohit Nandan's three year term
ends. Lohan, who is also a fellow of the Chartered Institute of
Logistics and Transport, will assume the charge from next month.
Isro
to launch communication satellite GSAT-6 on August 27
Science
and Technology >
ISRO > 21st August
Indian
Space Research Organisation is gearing up to launch the
Geo-synchronous Satellite Launch Vehicle (GSLV) D6 carrying India's
latest communication satellite GSAT-6 from Sriharikota on August 27.
The 25th geostationary communication satellite built by ISRO, GSAT-6,
will join the group of India’s other operational geostationary
satellites. The special feature of this satellite is its S Band
unfurlable antenna of 6 m diameter which is by far the largest
satellite antenna released by ISRO.
Sri
Lanka's Kumar Sangakkara retires after 15 years
Sports
> Cricket > 21st August
Sri
Lanka's ace cricketer, Kumar Sangakkara retired after 15 years of his
career in cricket and played his last test against Inida in Colombo.
Sangakkara has cemented his name as the fifth highest run-getter in
Test history, finished his Test career with 12,400 runs from 134
Tests at an average of 57.40. He scored 38 centuries, including a
best of 319 against Bangladesh in Chittagong last year. Sangakkara
was welcomed by a guard of honour formed by rival Indian team to
applaud the veteran cricketer as he walked out to bat on the day of
his last match. The whole stadium reverberated with applause when the
37-year-old left-hander and the fifth-highest run-getter in Test
history came out of the dressing room.
U
Mumba wins the Pro Kabaddi title
Sports
> Pro
Kabaddi > 23rd August
Bengaluru
Bulls was defeated by U Mumba to clinch the second Pro Kabaddi title.
While Bengaluru Bulls gave a stiff competition to U Mumba as the
scores ran neck-to-neck, it was U Mumba who emerged victorious by
their smart tactics at the end of the game. The winner took home the
top prize of Rs one crore and Bulls got Rs 50 lakh.
Usain
Bolt retains his world 100m title
Sports
> Athletics > 23rd August
The
100m World Athletics Championships was won by the world's fastest man
Usain Bolt who retained his world 100m title. Bolt beat Justin Gatlin
by just one-hundredth of a second. A double Olympic gold medalist,
Bolt ran his season's best of 9.79 seconds in the race.
DRDO
ties up with Ramdev to market herbal products
India
>
DRDO > 24th August
Yoga
guru Ramdev's Patanjali Ayurveda Limited will now be able to widen
its reach of herbal products across the country and abroad, following
a deal with India's premier defence research organisation DRDO. The
two parties have entered into the agreement for transfer of
Seabuckthorn technology based products developed by Defence Institute
of High Altitude Research (DIHAR), a laboratory which develops
technologies for fresh food cultivation, poultry, goat and dairy
farming and green house cultivation which are disseminated to the
local farmers. DRDO is looking forward to commercialize these
technologies for the benefit of the local population.
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