1. RBI announces a slew of measures to boost digital payments
On August 6, 2020, the Reserve Bank of India launched “Innovation Hub” for ideation and incubation of new capabilities that can be leveraged to deepen financial inclusion.
The hub is being launched to promote the start ups in the country. It will help in ideation and incubation of new capabilities.
This will in turn help to deepen financial inclusion in the country and promote efficient banking services.
The hub is to act as a centre to create viable and innovative financial products. This will provide the following benefits.
The hub will help achieve efficient banking.
RBI has recently taken several similar initiatives to encourage responsible innovation. One such recent initiative is the “Regulatory Sandbox”.
2. Govt extends Ajay Tyagi’s term as SEBI chairman by 18 months till Feb 2022
Ajay Tyagi has been given an 18 month extension as the chairman of markets regulator Securities and Exchange Board of India, SEBI. His term will continue till February 2022.
The Appointments Committee of the Cabinet has approved the extension of Ajay Tyagi’s term for 18 months with effect from 1st September 2020 to 28th February 2022.
Tyagi, a 1984 batch retired IAS officer of Himachal Pradesh cadre was appointed as the SEBI chairman in March 2017 for three years.
3. Senior BJP leader Manoj Sinha appointed as new Lieutenant Governor of Jammu & Kashmir
The President Ram Nath Kovind has appointed Manoj Sinha as the Lieutenant Governor of Jammu and Kashmir.
The President accepted the resignation of Girish Chandra Murmu as Lieutenant Governor of Jammu and Kashmir.
Mr Murmu, a 1985 batch Gujarat cadre IAS officer was appointed as the Lt.Governor in October last year.
Murmu had sent his resignation to President Ram Nath Kovind.
4. US Conducts Test Flight of Unarmed Minuteman 3 Missile
United States (US) Air Force conducted a scheduled test launch of an LGM-30G Minuteman III, an intercontinental ballistic missile (ICBM) carrying a load of three unarmed reentry vehicles, from Vandenberg Air Force Base in California, US to a target in the Pacific Ocean.
Missile’s three reentry vehicles traveled 4,200 miles (6,759 kilometers) to the Kwajalein Atoll in the Marshall Islands as part of a developmental test.
Minuteman III, manufactured by Boeing is a long-range, solid-fuel, three-stage ICBM with the capability to carry single or multiple nuclear warheads.
5. Haryana Chief Minister Manohar Lal Khattar launched Parivar Pehchan Patra in the state
A brain child of team CMO, the PPP will enable the citizens to get the benefits of various central and state government schemes at their door-step in a fair and transparent manner.
The PPP will be now linked to Mukhya Mantri Parivar Samridhi Yogna (MMPSY).
All the departments will be linked with e-ParivarPehchanPatra (PPP) within the next three months.
At present, the MMPSY, which was launched on January 26, 2020 and three pension schemes – Old Age Samman Allowance Scheme, Divyang Jan Pension Scheme, and Widow and Destitute Women Pension Scheme, have been integrated with ParivarPehchanPatra.
6. Atal Innovation Mission declares results of ATL Tinkering Marathon 2019
Atal Innovation Mission (AIM) has declared the results of its flagship national annual innovation marathon challenge.
The ATL Tinkering Marathon 2019 was held over fifty thousand Atal Tinkering Labs across the country and announced 150 winners of the Marathon.
The challenge was executed by AIM in partnership with MyGOV on MyGov’s Innovate Platform this year.
42 percent of the winning teams are from rural areas and 57 percent are from government schools. About 45 percent of the winning team students are girls.
This year’s marathon was uniquely designed by the students themselves.
The Marathon had a strong focus on Research preceding the Innovations.
The final phase of solution development received over 1191 entries from students across 29 States and UTs.
7. India contributes over $15 mn to India-UN Development Partnership Fund
India has contributed $15.46 million to the India-UN Development Partnership Fund, underscoring the country’s commitment to supporting developing nations in their developmental priorities across all the Sustainable Development Goals.
India’s Permanent Representative to the UN Ambassador T S Tirumurti handed over a cheque of $15.46 million.
The tranche of $15.46 million includes $6 million to the overall fund, in which all the developing countries are eligible for partnership, and $9.46 million dedicated to the Commonwealth countries.
The India-UN Development Partnership Fund is managed by the UNOSSC and implemented under the leadership of partner developing countries leveraging the strengths of United Nations Agencies, Funds and Programmes.
8. Karnataka Medical Education Minister inaugurates nation’s first ICMR approved mobile RTPCR COVID lab
Nation’s first ICMR approved mobile RTPCR COVID lab developed by Indian Institute of Science in Bengaluru was inaugurated by Karnataka Medical Education Minister Dr.K.Sudhakar.
Packed with all the safety features, this unique lab is capable of producing accurate results within four hours.
In a month the mobile lab can conduct 9000 tests.
The lab can be utilised for testing H1N1,HCV,TB,HPV,HIV virus also.
Called as Mobile Infection Testing and Reporting lab, MITR can be deployed in Corona hot spots quickly.
Another innovative project fructified in Bengaluru when a bus stand was converted into 200 bed Covid Care Centre.
9. Former Union Home Secretary & Arunachal Pradesh Governor, Ram Pradhan passes away at 92
The former Union Home Secretary Ram Pradhan has passed away due to age-related ailments. Mr. Pradhan served as the governor of Arunachal Pradesh during the Rajiv Gandhi government.
Pradhan was an IAS officer of the Maharashtra cadre.
He also headed a two-member committee set up in December 2008 to probe the security forces’ response to the 26/11 Mumbai terror attack.
10. India extends Line of Credit worth 18 million dollars to Maldives
India has extended Line of Credit worth 18 million US dollars to the Government of Maldives for the expansion of fishing facilities at Maldives Industrial Fisheries Company (MIFCO).
The project envisages investment in fish collection and storage facilities and the setting up of a tuna cooked plant and fishmeal plant.
It is part of the 800 million US dollars line of credit offered by India with repayment tenor of 20 years and a 5-year moratorium.