Economy
- The Reserve Bank of India (RBI) has introduced a Positive Pay Mechanism for - cheques.
- This institution will set up an ‘Innovation Hub’ in the country for ideation and incubation of new capabilities which can be leveraged to deepen financial inclusion and promote efficient banking services - Reserve Bank of India.
- On 5 August, the RBI has given an in-principle approval to this private sector lender for setting up a wholly owned non-financial subsidiary - South Indian Bank.
International
- For improving power supply quality, Export-Import Bank of India (EXIM Bank) on 6 August has extended a USD 250-million (about Rs 1,870 crore) line of credit (LOC) to - Mozambique.
National
- The government is set to launch the Focused Product Investment Scheme to attract funding in - the manmade fibre segment.
- First two coastal villages of Odisha and the first in the Indian Ocean region that have been recognised as being "Tsunami Ready" status from the Intergovernmental Oceanographic Commission (IOC) of UNESCO - Venkatraipur (Boxipalli, Ganjam district) and Noliasahi (Jagatsinghpur district).
- On 10 August, Prime Minister Narendra Modi will inaugurate the submarine Optical Fibre Cable (OFC) connecting Chennai and - Port Blair.
Persons in News
- New Managing Director and Chief Executive Officer of PNB Housing Finance Ltd, from 10 August - Hardayal Prasad.
- Person who bagged the 9th edition of Bharath Murali award for the best debutant director - Vijith Nambiar.
- Archaeologist who was conferred with the prestigious Vishnu Shridhar Wakankar National Award of Madhya Pradesh government for the year 2014-15 - Prof Ramanath Mishra.
- New Chairman of the Union Public Service Commission (UPSC) - Professor Pradeep Kumar Joshi (replaced Arvind Saxena).
Sports
- This institution will host an online program for training of Physical Education (PE) Teachers from CISCE Schools on “Khelo India Fitness Assessment of School Going Children” - Sports Authority of India.
State Current Affairs
- The Maharashtra government decided to scrap this ambitious pilot project that provides counselling and financial aid to farmers - Baliraja Chetana Abhiyan.
- First state in India that adopted Google's G Suite for Education and Google Classroom for administering online education - Maharashtra.
- This state/UT government will provide financial assistance up-to Rs 1.5 lakh to those buying electric vehicles under Electric Vehicle Policy - Delhi.
General Knowledge
- Intergovernmental Oceanographic Commission (IOC) was established in – 1960.
- United Nations Educational, Scientific and Cultural Organisation (UNESCO) – Founded: 4 November 1945; Headquarters: Paris, France.
- Union Public Service Commission (UPSC) was formed on - 01 October 1926.
- Council for the Indian School Certificate Examinations (CISCE) - Founded: 03 November 1958; Headquarters: New Delhi.
- Sports Authority of India (SAI) - Founded: 1982; Headquarters: New Delhi.
