NATIONAL UPDATES:
1. Committee of Experts to identify key data
protection issues formed: A
Committee of experts under the chairmanship of B N Srikrishna, to study and
identify key data protection issues and recommend methods for addressing them, has
been formed. The committee will also suggest a draft Data
Protection Bill. Protection of Data is expected to provide a big boost to
Digital economy of the country.
2. BSE appoints Dhirendra
Swarup
as the new Chairman: Bombay Stock Exchange has appointed Dhirendra Swarup as its new
Chairman. Swarup, who was functioning in the capacity of a Public Interest
Director with BSE replaces incumbent Sudhakar Rao.
3. India and Somalia sign agreement: India & Somalia have signed a bilateral agreement for
transfer of sentenced persons, deepening humanitarian cooperation b/w 2
countries. Agreement was signed by Sushma Swaraj and Foreign
Minister of Somalia Yusuf Garaad Omar.
4. Jharkhand clears bill Religious Freedom Bill 2017 to ban ‘forceful’ conversions: Jharkhand
cabinet has approved draft of a bill that will ban religious conversion by
force or allurement. It aims for
tougher action on forced conversions of minor girls & women from
scheduled tribes. Anyone found violating it will be liable for 3 years’
imprisonment or Rs 50,000 fine or both.
5. Contest for designing logo
for 'Women of India Festival' launched: The Women and Child Development Ministry has launched a contest for
designing a logo for the 'Women of India Festival' to be held at ‘Dilli Haat’
in October 2017.
6. e-RaKAM portal
to sell agricultural produce launched: Govt
has launched a portal e-Rashtriya Kisan Agri Mandi which will provide a
platform to sell agricultural produce. It is developed by MSTC Limited
& supported by marketing & logistics partner CRWC Limited.
INTERNATIONAL UPDATES:
1. Shahid
Abbasi
elected as interim Pakistan PM: Pakistan’s parliament
has elected Shahid Abbasi as country’s new PM, after Supreme Court disqualified
Nawaz Sharif.
2. India to construct hydroelectric power facilities
under Indus Waters Treaty: The World Bank has allowed
India to construct hydroelectric power facilities on tributaries of the Jhelum
and Chenab rivers under the Indus Waters Treaty. It is noteworthy that Pakistan is opposed to the construction of hydroelectric power plants
being built by India in Jammu and Kashmir.
3. US imposes sanctions on Venezuela President: US govt has imposed sanctions on Venezuelan President Nicolas Maduro,
following irregularities in the election of a new
legislative body to redraft the constitution. Maduro’s assets under US
jurisdiction are now frozen.
OTHER UPDATES:
SPORTS:
1. Dhanraj
Pillai awarded with Bharat Gaurav: Former
India hockey captain Dhanraj Pillay was honoured by East Bengal football club
on its foundation day with its highest award, Bharat Gaurav, for contribution
to the field of hockey.
2. Veer Dev Gulia wins Bronze: Veer Dev Gulia bagged a
bronze medal on the opening day of the competition at Tampere in Finland. In
the Men's 74 kg freestyle category, Gulia finished third after beating Yamasaki
Yajuro of Japan, 8-5 in the bronze medal play-off bout.
BANKING & FINANCE:
3. Reserve Bank of
India announces its third bi-monthly policy review: Repo rate under the liquidity adjustment facility (LAF) reduced by 25
basis points from 6.25 per cent to 6.0 per cent with immediate effect. The
reverse repo rate under the LAF stands adjusted to 5.75 per cent. The marginal
standing facility (MSF) rate and the Bank Rate are at 6.25 per cent. Cash
Reserve Ratio (CRR) remains unchanged at 4 percent.
BUSINESS & ECONOMY:
4. Sanjay Baru appointed as new Secretary General of
FICCI: Sanjaya Baruhas been named new secretary
general of the Federation of Indian Chambers of Commerce and Industry. He will replace A Didar Singh and will assume the charge from September
1.
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