Ministry of Finance launched an Annual Financial Inclusion Index (FII) which will be a measure of access and usage of a basket of formal financial products and services. The single composite index will guide Macro Policy.
Finance Ministry formulates Fiscal Policy.
Ministry of New and Renewable Energy is conducting the First Assembly of International Solar Alliance in New Delhi. ISA is an Indian initiative to utilise solar power and reduce carbon usage. The Delhi Solar Agenda adopted in the Founding Conference of ISA
ISA Headquarters is at Gurugram (Gurgaon).
The Defence Acquisition Council (DAC) has approved procurement of 1,000 engines for fitment in T-72 tanks of the Army at an approximate cost of over 2,300 crore rupees. Engines will enhance mobility, agility and acceleration of T-72 tanks.
Defence Minister chairs DAC.
The Assam government launched the Universal Pension scheme in the state. Under the scheme, pension will be given to citizens over 60 years of age.
The decision was taken in a state Cabinet meeting held in Guwahati.
Chief Minister of Assam is Sarbananda Sonowal.
Supreme Court formed a Committee on Prison Reforms chaired by former apex court judge, Justice Amitava Roy,to examine the various problems plaguing prisons in the country,from overcrowding to lack of legal advice to convicts to issues of remission & parole
NALSA= National Legal Services Authority
India ranked 158th in the world for its investments in education and healthcare, according to the first-ever scientific study ranking countries for their levels of human capital. The study conducted by the Institute for Health Metrics and Evaluation (IHME)
UNDP Publishes Human Development Index
In Nepal, the famous Indra Jatra festival is being celebrated in Kathmandu with gaiety and religious fervor. It also marks the end of monsoon and beginning of harvest season and festivity. The chariot procession and mask dances are the main attraction.
Nepal’s President is Bidya Devi Bhandari.
Facebook's WhatsApp is working closely with Reliance Jio to spread awareness of false messages, weeks after the telecom operator opened up the messaging service to millions of customers using its cheap internet-enabled phone.
Mukesh Ambani is the founder of Reliance Jio.
The liquidity crisis at IL&FS, rush to dress up balance sheets by banks and Mutual funds have all combined to trigger a liquidity deficit in the system which has led to short-term rates on commercial papers (CPs) increasing up to 50 basis points (bps)
RBI to infuse ₹10,000 cr via OMO.
Department of Financial Services (DFS), Ministry of Finance developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative. Mobile App to Provide Guidance to the Common People in Locating a Financial Service.
Hasmukh Adhia is the Finance Secretary of India.