Days in Focus
Economy
- This global payment solutions company launched “Identity Check Express”, a card payment feature that will allow customers to do uninterrupted transactions - Mastercard.
- As per National Council of Applied Economic Research (NCAER), India's GDP growth in 2019-20 is likely to be - 6.2%.
- To treat as priority sector lending for banks, the Reserve Bank of India (RBI) allowed the banks on lending through Non-banking financial companies (NBFCs) to - Agri, MSMEs and affordable housing.
- The Reserve Bank of India (RBI) on August 7 cut the repo rate (its key lending rate) by 35 basis points to - 5.40%.
- The RBI on August 7 expects India’s real or inflation-adjusted gross domestic product (GDP) in 2019-20 to grow at - 6.9%.
International
- India contributed this much amount to the United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees - USD 5 million.
- On7 August, 46 members of the UN Convention on International Settlement Agreements (UNISA)Resulting from Mediation has inked - the Singapore “Convention on Mediation”.
- American Nobel laureate person, who died on 5 August 2019 - Toni Morrison.
Persons in News
- The first woman chief minister of Delhi who died on 6 August 2019 - Sushma Swaraj.
- Chairman and Managing Director of Power Grid Corporation - Kandikuppa Sreekant.
Sports
- This former New Zealand captain announced his retirement from all forms of cricket on 5 August - Brendon McCollum.
General Knowledge
- United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees founded in - 1949.
- Power Grid Corporation was established in - 1989.
- The UN Convention on International Settlement Agreements (UNISA) Resulting from Mediation was adopted by UNGA in - 2018 (December 20).
- Reserve Bank of India (RBI) – Founded in: 1935 (1 April); Headquarters: Mumbai (Maharashtra).
- A basic concept of Gross Domestic Product (GDP) introduced by - British economist William Petty.
