Draft e-commerce policy will be in recommendations of Justice Srikrishna Committee report. The draft personal data protection Bill 2018, proposed that critical personal data of Indian citizens be processed in centres located within the country.
Minister of Commerce and Industry: Suresh Prabhu
Work related to Central Road & Infrastructure Fund (CRIF) now brought under Finance Ministry (DEA) from Ministry of Road Transport & Highways. Budget 2018 amended Central Road Fund Act, 2000 & renamed as Central Road & Infrastructure Fund.
Minister of Finance: Shri Arun Jaitley
According to Moody’s (rating agency) -GST rate cuts will weigh on government’s revenue collection & is ‘credit negative’ as it will put pressure on efforts of fiscal consolidation. Revenue loss estimated to be about 0.04%-0.08% of GDP annually.
Moody’s CEO/President: Raymond W. McDaniel, Jr.
The two day Unified Commanders’ Conference (UCC) for the year 2018 was held on 30th & 31st Jul at New Delhi. It provides a platform for discussions at the Apex Level on all ‘Joint Issues’ amongst three Services & Ministry of Defence.
Minister of Ministry of Defence: Smt. Nirmala Sitharaman
3rd BRICS Film Festival took place in Durban, S. Africa, along with International Durban Film Festival (DIFF) from 22-27th July. Last day of festival was celebrated as India Country Day, followed by Awards.
Best Actress: Bhanita Das, Best Film: Newton
Minister of Info & Broadcasting: Rajyavardhan Singh Rathore
The Hongkong & Shanghai Banking Corporation (HSBC) has appointed Surendra Rosha as Chief Executive Officer for HSBC India. Mr. Rosha succeeds Jayant Rikhye, who is taking leave of absence for medical reasons.
HSBC Headquarters: London, United Kingdom
Prabhat Koli (19) has become the first Asian to swim the choppy water from Jersey (an Island in the UK) to France. He also crossed the English Channel when he was 16. The long-distance sea swimmer covered 25km in 6 hours and 54 min.
Jersey Long Distance Swimming Club (JLDSC) organized this swim.
Paytm Payments Bank CEO Renu Satti has resigned from the role & now head Paytm's new retail initiative. Under its 'New Retail' model, consumers will be able to discover nearby pharmacies, groceries & other shops to place an order and get instant deliveries
Paytm founder and CEO: Vijay Shekhar Sharma
MG Motor India announced partnership with IIT-Delhi for developing technologies and applications to boost in-car child safety, in which a team of IIT-D is working on a project to develop an application for geofencing for child safety through ECU control.
President & Managing Director of MG Motor India: Rajeev Chaba
The Startup India Yatra was launched in Raipur. Startup India initiative of GoI envisages to build a robust startup ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs.
It already started in Gujarat, UP, Odisha, Uttarakhand & MP.