NK Singh, who has chaired the Fifteenth Finance Commission, has replaced former prime minister Dr. Manmohan Singh as the president of the Institute of Economic Growth (IEG) Society. Former CII DG Tarun Das is the Chairman and Prof Ajit Mishra is the IEG Director.
US Agency for International Development & US International Development Finance Corporation (DFC) would jointly sponsor a $50 mn. loan portfolio guarantee to Kotak Mahindra Bank to support increased financial access to women borrowers, and MSMEs in India.
Under the program, Kotak Mahindra Bank will provide loans to NBFCs operating in the MSME and Microfinance (MFI) space.
Union Finance Minister launched an ambitious ‘Ubharte Sitaare Fund’ -USF for export-oriented firms and startups. The Fund aims at arranging funds for the promotion of micro, small and medium companies. The fund has been set up by Exim Bank and SIDBI.
Malaysia's King Al-Sultan Abdullah named former Deputy Prime Minister Ismail Sabri Yaakob as the country's new Prime Minister. No elections were held to appoint Malaysia’s new prime minister as the king had ruled it out over coronavirus pandemic concerns. Notably, In Malaysia, the king has the constitutional power to appoint a new prime minister.
The Union Cabinet has approved an MoU signed between the Indian Council of Medical Research (ICMR) and the Foundation for Innovative New Diagnostics (FIND), Switzerland. The MoU is aimed at strengthening the relation within the framework of international scientific and technological collaboration and promote cooperation in fields of mutual interest.
The Department of Health and Family Welfare (MoHFW) has launched a digital portal for crowdfunding and voluntary donations for the treatment of patients of Rare Diseases in accordance with the mandate of the National Policy for Rare Diseases 2021.
Former Chief Minister of Uttar Pradesh Kalyan Singh passed away. He was also the former governor of Rajasthan and Himachal Pradesh.
He was two time MP from Bulandshahar and Etah.
NTPC Limited has commissioned the largest floating solar PV project of 25 MegaWatt on the reservoir of its Simhadri thermal station in Visakhapatnam, Andhra Pradesh. This is also the first solar project to be set up under the Flexibilisation Scheme, notified by the Government of India in 2018.
Zydus Cadila has received the Emergency Use Authorization (EUA) from the Drug Controller General of India (DCGI) for ZyCoV-D, the world’s first Plasmid DNA vaccine for the Covid-19. The ZyCoV-D is a three-dose vaccine. With this approval, India now has its first Covid-19 vaccine for adolescents in the 12-18 age group, besides the adult population.
Former India hockey player VR Raghunath, swimming coach Nihar Ameen and ace shuttler Anup Sridhar have been drafted into a high-level committee of the Karnataka government to identify 75 promising athletes from Karnataka for the Paris Olympics 2024.
Each of the 75 sportspersons selected will receive Rs 5 lakh from the government for training, supplements, sports kit & so on
Broadcast Audience Research Council India (BARC), the Industry’s Television Audience measurement body, has announced Nakul Chopra as its new Chief Executive Officer.
Nakul Chopra joined the BARC India Board in 2016 and was subsequently appointed the Chairman of the company (2018-19).
Prime Minister virtually inaugurated and laid the foundation stone of various projects in Somnath, Gujarat. The projects inaugurated include the Somnath Promenade, the Somnath Exhibition Centre, and the reconstructed temple precinct of Old Somnath. The Prime Minister also laid the foundation stone of Shree Parvati Temple during the event.
The UN General Assembly designated 22 August as the International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief recognizing the importance of providing victims of acts of violence based on religion or belief and members of their families with appropriate support and assistance in accordance with applicable law.
World Sanskrit Day, also known as Vishva-samskrita-dinam.
It is celebrated on Sawan Purnima and this year, it was celebrated on August 22, with the aim of promoting its revival and maintaining the dignity of the language.
The Sanskrit organisation Samskrita Bharati is involved in promoting the day.
Sanskrit has its foundation rooted back in the Vedas.