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Re-nomination of Revathy Iyer and Sachin Chaturvedi as part-time, Non-official Directors on the Central Board of RBI

The Central Government has re-nominated Ms Revathy Iyer and Prof. Sachin Chaturvedi as part-time, non-official Directors on the Central Board of Reserve Bank of India for a further period of four years after completion of their present tenure on September 18, 2022, or until further orders, whichever is earlier.

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Drug firm Pfizer's Managing Director S Sridhar resigns

Drug firm Pfizer said its Managing Director S Sridhar has resigned from the company.

Over the past 14 years, Sridhar has led a number of key leadership positions in Pfizer, including serving as the Chief Financial Officer for a period of eight years.

Sridhar also serves as the President of the Organisation of Pharmaceuticals Producers of India (OPPI).

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World Elephant Day 2022 : August 12

World Elephant Day, celebrated every year on August 12, aims to spread awareness on the risk of extinction faced by these much-loved wild animals.

On 12 August, 2012, World Elephant Day was co-founded by Canadian filmmaker Patricia Sims and the Elephant Reintroduction Foundation of Thailand, an initiative of HM Queen Sirikit.

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International Youth Day, celebrated on 12 August

The theme for 2022’s edition of International Youth Day is "Intergenerational solidarity: creating a world for all ages."

The focus of International Youth Day for 2022 is on ageism, an age-based discriminatory behaviour. Young and older people all face this issue and often suffer lasting financial and psychological harm, which impacts society at large, as well.

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Rishabh Pant appointed as brand ambassador of Uttarakhand

Star Indian wicketkeeper-batter Rishabh Pant was appointed as the brand ambassador of Uttarakhand by Chief Minister Pushkar Singh Dhami in a programme organised at Uttarakhand Sadan in New Delhi.

CM Dhami said that honouring cricketer Rishabh Pant as Uttarakhand brand ambassador would inspire youth in the field of sports in the state.

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RBI cancels the licence of Rupee Co-operative Bank Ltd, Pune

RBI has cancelled the licence of “Rupee Co-operative Bank Ltd, Pune”. Consequent to the cancellation of its licence, the bank is prohibited from conducting the business of ‘banking’ which includes, acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act,1949 with effect from September 2022.

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Satish Kashinath Marathe, S Gurumurthy re-nominated on RBI central board

Central Government has re-nominated Satish Kashinath Marathe and Swaminathan Gurumurthy as part-time, non-official Directors on the Central Board of RBI for a further period of four years with effect from August 11, 2022.

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RBI's central board now consists of five official members and 10 non-official members.

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RBI issues strict norms for digital lending to curb malpractice

RBI mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, as it put in place strict norms to curb rising malpractice in digital lending space. RBI said digital lending entities and not the borrowers should pay fees or charges payable to Lending Service Providers (LSPs) in the credit intermediation process.

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Department of Posts with its network of 1.5 lakh Post Offices take “Har Ghar Tiranga” Programme to every citizen of country

Department of Posts with its omnipresent network of 1.5 lakh Post Offices, has taken “Har Ghar Tiranga” Programme to every citizen of the country. Within a short span of 10 days, India Post has sold more than 1 crore National Flags, through Post offices as well as online, to citizens. These Flags have been sold by the Department at a very economical price of Rs. 25/- .

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The length to width ratio of the flag has to be 3:2.

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NIPAM achieves target of training 1 million students on Intellectual Property (IP) awareness

National Intellectual Property Awareness Mission (NIPAM) has achieved target of imparting Intellectual Property (IP) awareness and basic training to 1 million students on 31st July 2022, ahead of the deadline which was 15 August 2022.

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One Year of announcement of Rice Fortification

A total of 151 Districts (in 24 States) have already lifted fortified rice under Targeted Public Distribution System (TPDS) in Phase II of Rice Fortification Programme. Nearly 6.83 LMT have been distributed by the States/UTs under the phase which started from April 1, 2022. And under ICDS and PM POSHAN, nearly 7.36 LMT have been lifted by the States/UTs so far.

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FSSAI is the regulatory/licensing authority for food fortification.

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Union Minister Amit Shah inaugurates National Conference of Rural Cooperative Banks

Union Minister Amit Shah has inaugurated National Conference of Rural Cooperative Banks organized by the Ministry of Cooperation and the National Federation of State Cooperative Banks (NAFSCOB) in New Delhi. NAFSCOB provides a common forum to members and their affiliates/shareholders/ owners to project their achievements, focus their concerns and promote their interests.

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MoU signed between NHIDCL and NSDC for collaboration in skill development initiatives

A MoU was signed between MD, NHIDCL (National Highways Infrastructure Development Corporation Limited) and COO & Officiating CEO NSDC (National Skill Development Corporation) on 08.08.2022. The MoU provides a formal basis interaction between NHIDCL and NSDC, and will play a significant role in realizing the aims and objectives of Prime Minister’s skill development program.

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Major Dhyanchand Stadium to host Phase 1 of 1st Khelo India Women's Hockey League (U-16)

Following the success of the Khelo India Women’s Hockey League (U-21) held over three phases in New Delhi and Lucknow earlier this year, a similar league for U-16 girls is scheduled to start on August 16 at the Major Dhyanchand Stadium in the national capital. The Sports Authority of India has allocated a total of Rs 53.72 lakhs for 3 phases of the competition.

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