Suresh Prabhu launched a logo and tagline for ‘GI’ to increase awareness about Intellectual Property Rights (IPR) in India. A GI product is primarily an agricultural, natural or a manufactured product originating from a definite geographical territory.
Famous GI products- Darjeeling Tea, Kangra Painting etc.
TRAI recommended the auction of spectrum for 5G services for the first time at a pan-India reserve price of about ₹492 crore per MHz TRAI has called for over 43% reduction in the reserve prices of 700 MHz band spectrum for high-speed services.
TRAI HQ- New Delhi, Chairman- R. S. Sharma
President Ram Nath Kovind gave away the Outstanding Parliamentarian awards. Dr. Najma Heptulla won the award for 2013, Hukum Dev Narayan for 2014, Ghulam Nabi Azad for 2015, Dinesh Trivedi for 2016 and Bhartruhari Mahtab for 2017.
Parl. Houses with max. cap.- Lok Sabha (552), Rajya Sabha (250)
The Inland Waterways Authority of India (IWAI) has launched a dedicated portal to connect cargo owners and shippers with real-time data on the availability of vessels. The portal has been named as the Forum of Cargo Owners and Logistics Operators (FOCAL).
IWAI- Chairperson- MS. NUTAN GUHA BISWAS, Foundation-1986.
RBI has said it will soon release guidelines on the co-origination of loans by banks and ‘Non-bank finance companies (NBFCs)’ for the priority sector. It can help banks meet priority sector lending targets in a more convenient and organized manner.
RBI current Governor- Urjit Patel Inaugural Gov.- Osborne Smith
Fashion retailer Myntra has acquired omnichannel fashion marketplace Pretr Online Services Pvt. Ltd for an undisclosed amount as part of its broader push towards establishing itself as a retailer across channels. Myntra is a leading fashion website.
Myntra CEO- Ananth Narayanan. It was acquired by Flipkart.
LIC has received approval from the Union cabinet to buy a 51% stake in IDBI Bank Ltd. IDBI Bank, the worst performing state-run bank, will get fresh equity after the transaction is completed. LIC will receive promoter status and management control.
LIC- Chairman - Shri V K Sharma, HQ- Mumbai, Maharashtra.
Ministry of Culture has launched the ‘Seva Bhoj Yojana’ on 1 August for FY 2018-19 and 2019-20. The scheme envisages reimbursing the CGST and IGST to lessen the financial burden of Religious Institutions who provide food for free to Devotees.
Culture Minister -Mahesh Sharma, Consti. - Gautam Budh Nagar UP
Released by Bureau of Energy Efficiency (BEE) & Alliance for an Energy Efficient Economy (AEEE) & NITI. States categories- ‘Front Runner’, ‘Achiever’, ‘Contender’, ‘Aspirant’. ‘Front Runner’ states - Andhra Pradesh, Kerala, Maharashtra, Punjab, Rajasthan.
AEEE is an initiative of Efficiency Valuation Organization (EVO)
NITI Aayog has announced to host an Investors’ Conference on August 10 at Pravasi Bharatiya Kendra for the Holistic Development of Islands. It will attract investment for the sustainable development of eco-tourism projects in islands in the country.
Prime Minister of India is a chairman of NITI Aayog.
Ministry of WCD, as per Protection of Child Rights Act 2005, has directed the NCPCR to constitute a Mediation Cell, to resolve the cases of child custody dispute in NRI accord. A cell will develop a parental plan keeping in view the interest of the child.
WCD Minister- Maneka Gandhi, Constituency- Pilibhit (UP)
Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the proposal for opening of 13 new Kendriya Vidyalayas in seven states and a second Jawahar Navodaya Vidyalaya (JNV) in Alot, District Ratlam, Madhya Pradesh.
Nodal Agency of KV- Ministry of Human Resource Development