Rajya Sabha approved a resolution abrogating Article 370 for Jammu & Kashmir & a bill to bifurcate the state into 2 Union Territories. RS also approved a bill to extend 10% reservation to economically weaker sections in the state as well
J&K will be UT with assembly; Ladakh UT without assembly
3rd edition of India's largest education brainstorming event, the ScooNews Global Educators Fest (SGEF) will be held on August 9-10 in Udaipur, the City of Lakes. Theme for this year: 'Education for Sustainability: Moving on from conformity to creativity
Lakshyaraj Singh Mewar of Udaipur is the patron of this event
Govt wants to converge various land & water schemes to mainstream land degradation issues in national programs. Govt finds budgetary allocations made for various programmes, like MGNREGA are enough to tackle land degradation, but convergence is needed
14th session of the COP 14 to UNCCD to be held in New Delhi
RBI has slapped monetary penalty aggregating ₹8.50 cr on 11 banks for non-compliance with certain provisions of its directions on frauds classification and reporting by commercial banks & select Financial Institutions including SBI, J&K Bank, UCO & others
PNB, BOB & SBI were fined 50 lac each
RBI could cut repo rate by 25 basis points (bps) in the August 7 policy meet and further reduce it by 50-75 bps to achieve the level of less than or equal to 5 per cent by March 2020, according to State Bank of India's research report ‘Ecowrap’.
GDP growth to fall to 5.6% in Q1 FY20 from 5.8 % in Q4-FY19
Online pharmacy startup Medlife has appointed former Myntra CEO Ananth Narayanan as CEO, with a mandate to head day-to-day operations, raise funds and oversee mergers and acquisitions at the firm. Outgoing CEO Tushar Kumar will remain in company board
It intends to raise more than $100 mn Cipla & Softbank
Aamir Khan attended the launch function of Mission Shakti, an initiative by Maharashtra minister Sudhir Mungantiwar to train athletes from Chandrapur and Gadchiroli for international events like the Olympics.
2020 SUmmer Olympics venue: New National Stadium, Tokyo
US Treasury Secretary Steven Mnuchin, under the auspices of President Trump, has determined that China is a 'Currency Manipulator'. US will engage with the IMF to eliminate the unfair competitive advantage created by China's latest actions
The move was promised by US Prez Trump during 2016 election
In a first-of-its-kind initiative, Mohali traffic police have launched 3-D Smart Traffic Signal devised by the students of a Chandigarh university. Wireless system, 'Intelights', has been installed at the traffic crossing near the Airport on a pilot basis
Intelights proposes 360-deg solution to curb traffic congestion
Supreme Court (Number of Judges) Amendment Bill was passed in the Lok Sabha that proposes an increase in the number of judges in Supreme Court from 30 to 33 excluding the Chief Justice. It seeks to address the rising pendency of cases in the apex court
Union Law Minister: Ravi Shankar Prasad