| 1. India & Nepal have inked 8 pacts, including on cooperation in countering drug trafficking. India & Nepal have inked 8 pacts, including on cooperation in countering drug trafficking Pacts were signed after comprehensive talks b/w PM Modi & Sher Bahadur Deuba on strategic bilateral & regional issues. The two leaders jointly inaugurated Kataiya-Kusaha & Raxaul-Parwanipur cross-border power transmission lines. |
| 2. Dhanlaxmi Bank, DHFL Pramerica tie up for bancassurance. DHFL Pramerica Life Insurance Company has signed on Kerala-based Dhanlaxmi Bank as its bancassurance partner, under which the latter will distribute retail and group life insurance products to its customers across 260 branches in India. Speaking on the occasion, G Sreeram, Managing Director and CEO, Dhanlaxmi Bank, said the bank has consistently enhanced its portfolio to meet the diverse financial needs of its customers. |
| 3. Maharastra has launched web portal to help with competitive tests. The Maharashtra education board has launched a web portal with online question banks to help students prepare for competitive exams on their own. The portal, which can be accessed for free, will function as a substitute for expensive coaching classes, board officials said. This comes after state School Education Minister Vinod Tawde banned integrated coaching in Maharashtra. |
| 4. Nandan Nilekani appointed Chairman of Infosys board. Infosys Co-founder Nandan Nilekani was appointed the non-executive Chairman of Infosys board on Thursday. This comes after the board's Chairman R Seshasayee and Co-Chairman Ravi Venkatesan submitted their resignations. Vishal Sikka, who recently stepped down as Infosys CEO, also submitted his resignation to the board. |
| 5. Raghuram Rajan has penned a book titled 'I Do What I Do: On Reform, Rhetoric & Resolve'. Former RBI Governor Raghuram Rajan has penned a book titled 'I Do What I Do: On Reform, Rhetoric & Resolve'. The book conveys what it was like to be at the helm of RBI in those turbulent but exciting times, said publisher HarperCollins India. The book will launch on September 4, exactly a year after Rajan quit as RBI governor. |
| 6. US sends first-ever shipment of its coal to Ukraine. The US has sent the first-ever shipment of its coal to Ukraine under a deal between a US mining company and Ukrainian state-run thermal energy producer earlier this year, the Ukrainian Embassy has said. "This shipment will boost both of our country's economies by supporting jobs in the coal and transportation industries. |
| 7. Bilateral Meeting Between India and Uzbekistan Held in New Delhi. The Commerce and Industries Minister, Mrs. Nirmala Sitharaman and Mr. Abdulaziz Kamilov, Minister of Foreign Affairs and Mr. Elyor Ganiev, Minister of Foreign Trade held detailed discussions on deepening trade and economic ties between India and Uzbekistan in a bilateral meeting in New Delhi. |
| 8. Bank Of India slashes interest to 3.5% for deposits up to Rs 50 lakh . Public lender Bank of India has reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent on deposits of up to Rs 50 lakh. However, the bank will continue to pay 4 per cent interest on deposits of above Rs 50 lakh. BOI said customers maintaining savings bank balance up to Rs 50 lakh will get 3.5 per cent while those maintaining above Rs 50 lakh will continue to earn an interest of 4 per cent per annum. |
| 9. Mobile wallet transactions to touch Rs 32 trillion by 2022. The mobile wallet industry is expected to maintain the pace of its current expansion with transaction volume expected to touch 32 billion by 2022 and the value of the same will be Rs 32 trillion, said a report. Value of the transactions is also expected to reach Rs 32 trillion by 2021, growing at a rate of 126 per cent, said the report by consultancy Deloitte. The volume growth is likely to be at a compounded rate of 94 per cent. |
| 10. Cristiano Ronaldo First to be named Men's Player of the Year for Three Times. Real Madrid forward Cristiano Ronaldo has won the UEFA Men's Player of the Year award for the 2016/17 season. He received the award at the 2017/18 UEFA Champions League group stage draw in Monaco. Ronaldo picked up the trophy for the second consecutive season and third time in total. |
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