Sep Monthly CA Magazine PDF 0283d87dae182
Sep Monthly CA Magazine PDF 0283d87dae182
Sep Monthly CA Magazine PDF 0283d87dae182
NATIONAL ........................................................................................................................................................ 2
INTERNATIONAL ............................................................................................................................................ 11
SCIENCE & TECHNOLOGY ........................................................................................................................... 15
APPOINTMENT & RESIGNATIONS................................................................................................................ 16
AWARDS & RECOGNITION ........................................................................................................................... 19
BOOK & AUTHOR........................................................................................................................................... 20
IMPORTANT DAY ........................................................................................................................................... 20
OBITUARY ...................................................................................................................................................... 23
RANKING ........................................................................................................................................................ 24
SPORTS ......................................................................................................................................................... 24
SUMMIT’S & MOU’S ....................................................................................................................................... 28
BANKING & ECONOMY.................................................................................................................................. 31
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IMPORTANT ONE LINERS
NATIONAL
Centre announces five new districts in Ladakh
The Central govt has announced the creation of five new districts in the Union Territory of Ladakh. These new
districts are Zanskar, Drass, Sham, Nubra, and Changthang.
Himachal Govt approves Mukhya Mantri Sukh Shiksha Yojana
The Himachal Pradesh Cabinet, in a meeting at Shimla chaired by Chief Minister Sukhvinder Singh Sukhu, has
approved a new scheme, “Mukhya Mantri Sukh Shiksha Yojana”. The scheme aims to provide financial support
to identified socially and economically vulnerable women and parents of disabled children so as to enable the
education and well-being of their children.
Maharashtra Becomes First State to Adopt Unified Pension Scheme
The Maharashtra cabinet on Sunday has decided to implement the Unified Pension Scheme (UPS) for state
government employees, making it the first state to adopt the scheme announced by the Union government the
previous day, According to the cabinet’s decision, the UPS will take effect from March this year and will benefit
all state government employees,
Spices Board of India launches scheme to boost exports, cardamom productivity
The Spices Board of India has launched a transformative scheme ‘SPICED’ aimed at significantly enhancing the
export of spices and value-added spice products as well as improving the productivity of cardamom and
upgrading the post-harvest quality of spices for exports. The scheme, officially named ‘Sustainability in Spice
Sector through Progressive, Innovative and Collaborative Interventions for Export Development,’ will be
implemented throughout the remainder of the 15th Finance Commission cycle.
Nirmala Sitharaman Inaugurates GST Bhawan at Udaipur
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the GST Bhawan, an
Official complex of CGST, Udaipur Commissionerate under Central Board of Indirect Taxes and Customs (CBIC),
at Udaipur, Rajasthan.
Jyotiraditya Scindia inaugurates shooting range in Gwalior named after Manu Bhaker
Union Minister Jyotiraditya Scindia inaugurated a 10m air pistol shooting range at Jiwaji Club in Gwalior named
after double Olympic medalist Manu Bhaker, He also made a video call to Bhaker to inform her about the shooting
range.
PM Modi lay foundation stone of the Vadhvan Port, and More
Prime Minister Narendra Modi visited Maharashtra during which he addressed Global Fintech Fest (GFF) 2024
in Mumbai and lay the foundation stone of Vadhvan Port project worth around ₹76,000 crore in Palghar, at
around 11 a.m., Modi addressed the session of GFF 2024 at the Jio World Convention Centre, Mumbai. The event,
co-organized by the Payments Council of India, the National Payments Corporation of India, and the Fintech
Convergence Council, will feature about 800 speakers from various sectors including policymakers, senior
bankers, and industry leaders.
Dr. Mansukh Mandaviya Launches RESET Programme for Retired Sportspersons
On National Sports Day in New Delhi, Union Minister of Youth Affairs and Sports, Dr. Mansukh Mandaviya,
launched the “Retired Sportsperson Empowerment Training” (RESET) Programme. This initiative aims to
empower retired athletes by providing them with the necessary skills and knowledge to enhance their
employability and career development.
Annapurna Devi Launches SHe-Box Portal to Enhance Workplace Safety for Women
Union Minister of Women and Child Development, Annapurna Devi, launched the new SHe-Box portal, a
centralized platform aimed at making workplaces safer for women by addressing complaints of sexual
harassment. The launch event was held in New Delhi, it also included the introduction of a revamped ministry
website.
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PM Narendra Modi flags off 3 new Vande Bharat Express:
Prime Minister Narendra Modi flagged off three new Vande Bharat Express trains on Saturday August 31 through
video conferencing, to enhance connectivity in Uttar Pradesh, Tamil Nadu, and Karnataka, The three trains add
to the network of more than 100 Vande Bharat Express trains that are operational, connecting more than 280
districts
Indian Army Launches Project NAMAN: SPARSH-Enabled Service Centres Across India
The Indian Army launched the first phase of Project NAMAN, in presence of General Upendra Dwivedi, Chief of
the Army Staff along with Mrs Sunita Dwivedi, President Army Wives Welfare Association (AWWA),
A project designed to provide dedicated support and services to Defence Pensioners, Veterans and their families,
Project NAMAN is centred around the implementation of the SPARSH (System for Pension Administration
Raksha), digital pension system, which streamlines pension related processes for Defence Pensioners,
addressing the critical need for accessible facilitation points for Veterans and Next of Kin (NOK) across the
country.
VISA Partners With Skill India To Up Skill 20,000 Youth For India’s Booming Tourism Industry
The Tourism & Hospitality Skill Council (THSC) under the aegis of Ministry of Skill Development and
Entrepreneurship, has signed a Memorandum of Understanding with Visa (NYSE: V), a global leader in digital
payments, for a three-year partnership valued at up to $1 million USD. This initiative, designed to up skill at least
20,000 Indian youth in tourism-relevant skills, was formalized in the presence of Shri Jayant Chaudhary, Minister
of State (Independent Charge), Ministry of Skill Development & Entrepreneurship (MSDE) and Minister of State,
Ministry of Education Government of India.
Mastercard Launches Payment Passkey Service in India
Mastercard, a global technology in the payments industry announced the worldwide launch of its new Payment
Passkey Service to make online shopping more secure and easier than ever, This service has debuted in India as
a pilot with some of the nation’s largest payment players including, payment aggregators Juspay, Razorpay and
PayU, online merchants such as Bigbasket and banks such as Axis Bank.
Centre releases BioE3 Policy 2024
Union Minister for Science and Technology Dr. Jitendra Singh released the Biotechnology for Economy,
Environment, and Employment (BioE3) Policy 2024 in New Delhi, The Union Cabinet approved the BioE3 policy
on the 24th of this month.
Country's Largest Aero Lounge Inaugurated In Cochin Airport
Kerala Chief Minister Sri. Pinarayi Vijayan inaugurated the CIAL's new venture; 0484 AERO LOUNGE, on Sunday,
(September 1, 2024), at Terminal 2, The 0484 Aero Lounge at Cochin Airport is touted as country's largest aero
lounge.
Annpurna Devi Launches 7th Rashtriya Poshan Maah 2024
Union Minister Smt Annpurna Devi launches 7th Rashtriya Poshan Maah 2024 from Mahatma Mandir,
Gandhinagar Gujarat. The event, centered on promoting nutrition related awareness and well-being across the
nation, was graced by Smt. Annpurna Devi, Union Minister for Women and Child Development, Shri
Bhupendrabhai Patel, Chief Minister of Gujarat, Smt. Bhanuben Babariya, Minister of Women and Child
Development, Government of Gujarat, senior officers from Government of India and State Government of Gujarat,
and other dignitaries.
President Droupadi Murmu Unveils New Supreme Court Flag and Insignia
President Droupadi Murmu unveiled the new flag and insignia of the Supreme Court of India during the two-day
National Conference of District Judiciary held in New Delhi. The ceremony, attended by members of the judiciary
from across the nation, symbolized the rich cultural and legal heritage of India, encapsulated in the newly
designed symbols of the highest court.
Vishanu Yuddh Abhyas - Pandemic Preparedness Drill Under One Health Mission
Under the National One Health Mission (NOHM), a comprehensive mock drill named “Vishanu Yuddh Abhyas”
(Virus War Exercise) was held in Ajmer district, Rajasthan, from August 27 to August 31, 2024. This exercise
aimed to assess the pandemic preparedness of the National Joint Outbreak Response Team (NJORT), which
includes experts from human health, animal husbandry, and wildlife sectors.
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First Joint Commanders' Conference commences in Lucknow
The maiden Joint Commanders' Conference (JCC) commenced at Lucknow on 4 September 2024, under the
theme 'Sashakt and Surakshit Bharat: Transforming Armed Forces'. The conference is focused on shaping the
future of India's military to adapt to the changing operational milieu.
Kaynes' Proposal for Semiconductor Unit at Sanand Gets Govt Nod
The government on Monday cleared a proposal of Kaynes Semicon to set up a Rs 3,307-crore semiconductor unit
in Sanand, Gujarat, that will have the capacity to churn out 6.3 million chips a day.
Rajasthan Approves 33% Quota for Women in Police Force and more
The Rajasthan government approved 33% reservation for women in the police force by deciding to amend the
State Police Subordinate Service Rules, 1989, The Cabinet also sanctioned a 5% additional allowance for
pensioners aged 70 to 75 years, following Chief Minister Sharma’s prior announcement. This will require a
replacement of Rule 54B in the pension regulations.
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World’s 1st breeding centre for Asian King Vultures inaugurated in UP
Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the Jatayu Conservation and Breeding Centre in the
Bharivaisi, Campierganj Range of the Gorakhpur Forest Division on 6 September 2024. It is the world’s first
conservation and breeding centre for the Asian King Vulture or the red-headed vulture.
Vice President inaugurates new Sainik School at Gorakhpur, Uttar Pradesh
Vice President Jagdeep Dhankhar today inaugurated a Sainik school at Gorakhpur in Uttar Pradesh, It is the first
Sainik School in Eastern Uttar Pradesh and the second Sainik School run by the Uttar Pradesh Sainik School
Society. This is the fifth Sainik School in Uttar Pradesh, out of which three are in Jhansi, Amethi, and Mainpuri,
which are run by the Defence Ministry.
MSDE, Swiggy tie up to provide skilling, employment opportunities
The Ministry of Skill Development and Entrepreneurship and Swiggy launched an initiative to provide skilling
and employment opportunities within Swiggy's food delivery and the quick commerce network, the partnership
will benefit 2.4 lakh delivery partners and staff of restaurant partners associated with Swiggy.
India launches National Blockchain Framework
The Indian Government has launched the Vishvasya-Blockchain Technology Stack alongside the National
Blockchain Framework (NBF). The launch aims to facilitate Blockchain-as-a-Service (BaaS) as well as support
the creation of innovative decentralised applications.
PM Modi launches Jal Sanchay Jan Bhagidari initiative
Prime Minister Narendra Modi virtually launched the Jal Sanchay Jan Bhagidari initiative, The Jal Sanchay Jan
Bhagidari initiative was launched in Surat, Gujarat, on 6 September 2024 in the presence of Union Minister of
State for Jal Shakti CR Patil and Gujarat Chief Minister Bhupendra Patel.
MoD signs Rs 26,000 crores deal with HAL for Su-30MKI fighter jet engines
Ministry of Defence (MoD) has signed a contract with Hindustan Aeronautics Limited (HAL) to supply 240 AL-
31FP engines for Su-30MKI fighter jets. The contract, worth over Rs 26,000 crore, was signed on September 9,
in New Delhi. Defence Secretary Giridhar Aramane and Air Chief Marshal VR Chaudhari, Chief of the Air Staff,
were present at the signing.
Telangana signs MoU for World Trade Centre at AI City
The government of Telangana has taken a significant step towards establishing itself as a global AI hub by signing
a Memorandum of Understanding (MoU) with the World Trade Centres’ Association for the creation of a World
Trade Centre (WTC) within the proposed AI City near Hyderabad, The planned WTC at AI City is set to become a
cornerstone of Telangana's technological ambitions.
Rajiv Ranjan Singh to Launch Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna
Union Minister for Fisheries, Animal Husbandry and Dairying, Rajiv Ranjan Singh will launch Pradhan Mantri
Matsya Kisan Samridhi Sah-Yojna in an event in New Delhi (On September 11). Mr Singh will also release
Standard Operating Procedure on Production and Processing Clusters in the Fisheries Sector.
Govt to launch PAIR programme to boost research in higher education institutions
The central government will launch the Partnerships for Accelerated Innovation and Research (PAIR)
programme designed to elevate research capabilities in higher education institutions (HEIs) by linking top-tier
research institutions with those where research capability is limited, creating a collaborative mentorship
environment.
QCI Approves National Test House Ghaziabad as Certification Body for Drones
The Quality Council of India (QCI) has provisionally approved National Test House (NTH), Ghaziabad, as a
certification body for type certification of drones under the Drone Rules 2021. NTH will assess agricultural
drones, including Vimaana Aerospace Technologies’ Krishiraj 1.0, and provide low-cost certification services to
support the growing drone sector in India.
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L&T Technologies and IBM ink pact to develop advanced processors
L&T Semiconductor Technologies, the chip arm of infrastructure major Larsen and Toubro, announced a
collaboration with US-based computing giant IBM for research and development to develop advanced
processors.
Bharat Biotech ties up with Alopexx to develop anti-microbial vaccine
Bharat Biotech has collaborated with Alopexx Inc for development and commercialisation of the latter's broad-
spectrum anti-microbial vaccine in India and other low income countries, As part of the collaboration, the
companies will co-develop and commercialise the vaccine -- AV0328, in India and other licensed territories.
Lockheed Martin, Tata Expand C-130J Partnership to Boost India's Defense Capabilities
Lockheed Martin and Tata Advanced Systems (TASL) have strengthened their longstanding partnership through
a new agreement focusing on the C-130J Super Hercules tactical airlifter.
Piyush Goyal launches Trade Connect e-platform
In a bid to support Indian exporters, MSMEs, and entrepreneurs, Commerce and Industry Minister Piyush Goyal
on Wednesday launched the Trade Connect e-platform.
PM Modi to inaugurate second phase of Ahmedabad Metro, Connecting Ahmedabad and Gandhinagar
Developed by the Gujarat Metro Rail Corporation (GMRC) in partnership with the Government of Gujarat and the
Government of India, this project aims to expand the metro network, connecting key locations between
Ahmedabad and Gandhinagar. The new extension will link crucial areas such as GNLU, PDEU, Gift City, Raysan,
Randesan, Dholakuva, Infocity, and Sector-1.
Shri Piyush Goyal inaugurates Akurli bridge, Mumbai
Union Minister for Commerce and Industry, Shri Piyush Goyal, as he inaugurated the Akurli bridge on the
Western Express Highway in Mumbai yesterday late at night. This significant project, which had been languishing
for several years, was expedited following the intervention of Shri Goyal, who is also the Member of Parliament
for North Mumbai.
Cabinet Approves PM E-DRIVE Scheme and more
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the PM Electric Drive Revolution in
Innovative Vehicle Enhancement (PM E-DRIVE) Scheme to promote electric mobility in India. The scheme, with
an outlay of Rs 10,900 crore over two years, aims to expedite EV adoption, improve air quality, and reduce the
environmental impact of transportation,
The Union Cabinet also approved the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget
of INR 3,435.33 crore. This initiative is designed to promote the deployment and operation of electric buses (e-
buses) by Public Transport Authorities (PTAs) from FY 2024-25 to FY 2028-29.
Maharashtra to establish Tribal University in Nashik
Maharashtra Governor C.P. Radhakrishnan has said that a Tribal University with 80 percent reservation for
students from tribal communities will be set up in the Nashik district of Maharashtra, Nashik’s Guardian Minister
Dadaji Bhuse, deputy speaker of Maharashtra Legislative Assembly Narhari Zirwal, MP Bhaskar Bhagare and
representatives from various political parties were present.
Suzlon and NTPC Green Energy’s 370 windmills Deal
Suzlon Ltd, India’s largest windmill manufacturer has secured the largest windmill order in India from NTPC
Green Energy Ltd, the renewable energy arm of NTPC, the country’s largest power producer. The windmills were
to be installed across three locations in Gujarat, with the aim of powering approximately three million
households.
DRDO & Indian Navy successfully flight test Vertical Launch Short Range Surface-to-Air Missile
Defence Research & Development Organisation (DRDO) and Indian Navy successfully flight tested Vertical
Launch Short Range Surface-to-Air Missile (VL-SRSAM) from the Integrated Test Range (ITR), Chandipur off the
coast of Odisha on 12 September.
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Defence Minister Rajnath Singh inaugurated IDAX-24 in Jodhpur
Defence Minister Rajnath Singh observed the ongoing Tarang Shakti exercise at Jodhpur Air Force Station. Mr
Singh also inaugurated the Defence Aviation Expo, IDAX being organised at Jodhpur Air Force station. This
edition of IDAX at Jodhpur, scheduled from 12-14 Sep 24, will have a grand participation from industry and host
a wide range of products, technologies.
Port Blair to be renamed as - Sri Vijaya Puram
The government has decided to rename Port Blair in Andaman and Nicobar Islands as Sri Vijaya Puram. Union
Home Minister Amit Shah said, the government took the decision to free the nation from the colonial imprints.
He said, Sri Vijaya Puram symbolises the victory achieved in the country’s freedom struggle.
Zomato teams up with IRCTC to offer food delivery service on trains
Food aggregating platform Zomato announced its collaboration with the Indian Railway Catering and Tourism
Corporation (IRCTC) for Food Delivery in Trains, Through ‘Zomato - Food Delivery in Trains’, customers can
order meals, whether they’re at the station or in their train compartment. The convenience extends to every
passenger.
Union Minister Shri Jyotiraditya M. Scindia launches the ‘Ashtalakshmi Mahotsav’ website
Shri Jyotiraditya M. Scindia, Hon'ble Union Minister for Communications and Development of North Eastern
Region (DoNER), launched the official website Ashtalakshmi Mahotsav, A step towards celebrating the rich
cultural and economic heritage of Northeast India,
The launch event took place at Sanchar Bhawan, New Delhi, underscoring the government's commitment to
promoting the Northeast's vast potential on a national and global stage.
Piyush Goyal unveils two portals to resolve exporters' issues
Commerce Minister Piyush Goyal launched two digital initiatives to assist exporters. The Jan-Sunwai Portal
provides necessary information and direct communication with officials, and the ERP portal of ECGC offers
online services like claims and credit support.
PM Modi to flag off 6 new Vande Bharat trains
Prime Minister Modi flagged off six Vande Bharat trains at Tatanagar Junction Railway Station around 10 am,
September 15, the six new routes that these trains will cover are Tatanagar-Patna, Brahmapur-Tatanagar,
Rourkela-Howrah, Deoghar-Varanasi, Bhagalpur-Howrah and Gaya-Howrah.
Fourth edition of the Global Bio-India 2024 concluded New Delhi
The fourth edition of Global Bio-India 2024 concluded successfully at Pragati Maidan, New Delhi, showcasing
India’s growing biotech capabilities. Organized by the Department of Biotechnology (DBT) under the Ministry of
Science and Technology, in partnership with the Biotechnology Industry Research Assistance Council (BIRAC),
VP Jagdeep Dhankhar inaugurated the Constitution Temples
Vice President Jagdeep Dhankhar inaugurated ‘Constitution Temples’ at the vocational training centres in 434
Industrial Training Institutes (ITIs) across Maharashtra in an event organised in Mumbai on Sunday ( September
15 ).
VP Jagdeep Dhankhar inaugurated the Digital Tower at Ramdeobaba University, Nagpur
Vice-President, Jagdeep Dhankhar Nagpur inaugurated the Digital Tower at Ramdeobaba University, (September
15 ). Governor C.P. Radhakrishnan, Chief Minister Eknath Shinde, Deputy Chief Minister Devendra Fadnavis were
also present on this occasion.
The digital tower is a 12 storied building consisting of digital classrooms equipped with the latest systems
catering to the needs of computer science and emerging technologies.
PM Narendra Modi inaugurated 4th RE Invest Global Industrial Meet in Gujarat
Prime Minister Narendra Modi will inaugurated the fourth RE Invest Global Industrial Meet at Mahatma Mandir
in Gandhinagar. Mr. Modi also flagged off the second phase of the Ahmedabad Metro connecting Ahmedabad to
Gandhinagar and GIFT City.
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DPIIT set to launch BHASKAR platform for startups
Department for Promotion of Industry and Internal Trade, DPIIT is set to launch a digital platform – BHASKAR-
aimed at strengthening India’s startup ecosystem. The Bharat Startup Knowledge Access Registry, BHASKAR
initiative, is a platform designed to centralize, streamline, and enhance collaboration among key stakeholders
within the entrepreneurial ecosystem. This initiative aligns with Government’s vision to transform India into a
global leader in innovation and entrepreneurship.
Adani firms to sign 6.6 Gw power supply pact with Maharashtra discom
Adani group entities - Adani Green Energy (AGEL) and Adani Power (APL) - announced on Sunday that they will
sign a long-term power purchase agreement (PPA) with Maharashtra’s largest electricity distribution utility to
supply the state with a 6.6 gigawatt (GW) of combined solar and thermal power.
IIL Partners with ICMR for India's First Zika Vaccine
Indian Immunologicals Limited (IIL) has joined hands with the Indian Council of Medical Research (ICMR) to
develop India's first Zika virus vaccine. They have signed an agreement called a Memorandum of Agreement
(MoA) to work together on this project.
India's second largest butterfly species discovered in Madurai
India's second largest butterfly species, Southern Birdwing, has been found on the satellite campus of The
American College between Chathirapatti and Kadavur on New Natham Highway in Madurai district.
Jitan Ram Manjhi inaugurated Centre for Rural Enterprise Acceleration through Technology at Leh
Union Minister for MSME, Shri Jitan Ram Manjhi, inaugurated the Centre for Rural Enterprise Acceleration
through Technology (CREATE) at Leh via virtual mode. The event was attended by various dignitaries including
the Minister of State for MSME, the Lieutenant Governor of UT-Ladakh, the Chairman of KVIC, and other officials
from the Ministry of MSME, UT-Ladakh, KVIC, and MGIRI, along with around 200 local artisans.
PM Modi inaugurates Tuticorin International Container Terminal
Prime Minister Narendra Modi inaugurated the Tuticorin International Container Terminal in Tamil Nadu via
video message. Describing the terminal as a “new star of India’s marine infrastructure,” PM Modi emphasized its
significance in enhancing the capacity of the V.O. Chidambaranar Port and supporting India’s journey towards
becoming a developed nation.
President Droupadi Murmu to inaugurate 8th India Water Week 2024
The 8th India Water Week 2024 which start from September 17 in New Delhi. President Droupadi Murmu will
inaugurate the event at Bharat Mandapam, During the four-day event, around four thousand delegates including
two hundred foreign delegates from 40 countries will participate. More than one hundred exhibitors and
startups will showcase their ideas in the water sector during the exhibition.
LIC signes contract with Infosys to build Next-Gen platform
State-owned Life Insurance Corporation (LIC) has signed up tech giant Infosys to develop a next-generation
digital platform that will act as the foundation for new high-value business applications, such as customer and
sales super apps, portals, and digital branches. The financial terms of the deal remain undisclosed.
NPS Vatsalya Scheme to be Launch on September 18, 2024
The NPS Vatsalya Scheme, announced in the Union Budget 2024-25, will be launched by Finance Minister Smt.
Nirmala Sitharaman on September 18, 2024, in New Delhi. This initiative allows parents to invest in pension
accounts for their children with flexible contributions starting at Rs. 1,000 annually, offering long-term wealth
building through compounding.
PM Narendra Modi flagged off the Durg-Visakhapatnam Vande Bharat
Prime Minister Narendra Modi virtually flagged off the Durg-Visakhapatnam Vande Bharat Express train from
Raipur railway station, The new express train is set to revolutionize travel between the two cities, reducing the
journey time from the previous 11-12 hours to a mere 8 hours.
UP and Tripura CM Inaugurate Sidheshwari Temple
Uttar Pradesh Chief Minister Yogi Adityanath and Tripura Chief Minister Dr. Manik Saha jointly inaugurated the
newly built Sidheshwari Temple at Barkathal in Tripura,. Yogi Adityanath also laid the foundation stone for the
Ved Vidyalaya at Chitta Dham, Barakathal, Mohanpur, West Tripura.
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Eknath Shinde inaugurates Maharashtra's first semiconductor Plant
Maharashtra Chief Minister Eknath Shinde inaugurated the state’s first semiconductor manufacturing OSAT
(Outsourced Semiconductor Assembly and Test plants) plant in Navi Mumbai which will reduce the country’s
reliance on imported semiconductor chips.
Piyush Goyal unveils AI and ML-based Trademark Search Technology & IP Saarthi Chatbot
Union Minister of Commerce & Industry, Shri Piyush Goyal unveiled the Artificial Intelligence (AI) and Machine
Learning (ML) based Trademark Search Technology and IP Saarthi Chatbot in New Delhi.
Mohana Singh becomes India’s 1st woman Tejas fighter pilot
Squadron Leader Mohana Singh has become India’s first woman Tejas fighter pilot, with the Indian Air Force
assigning her to the No. 18 ‘Flying Bullets’ Squadron based at Naliya in Gujarat, Singh, one of India’s first women
fighter pilots, was previously serving in the No. 3 ‘Cobras’ Squadron at the Nal fighter base near Bikaner and
flying the MiG-21 Bison aircraft.
Mega event "World Food India 2024" begins in New Delhi
The Ministry of Food Processing Industries is set to host World Food India 2024 at Bharat Mandapam, New Delhi
covering a vast area of 70,000 square meters. This highly anticipated global event from 19-22 September, 2024
will see participation from over 90 countries, 26 Indian States and Union Territories, and 18 Central Ministries
and allied government bodies.
Central Government approves Bio-RIDE Scheme of the DBT
The central government has approved the launch of the ‘Biotechnology Research Innovation and
Entrepreneurship Development (Bio-RIDE)’ scheme of the Department of Biotechnology (DBT), Union Ministry
of Science and Technology.
Center approves PMJUGA scheme for holistic Tribal Development
The Union Cabinet has approved a new scheme, Pradhan Mantri Janjatiya Unnat Gram Abhiyan (PMJUGA), to
improve the socio-economic condition of the country's tribal majority villages and aspirational districts. The
scheme seeks to utilise the existing central government scheme to achieve the objectives of the Pradhan Mantri
Janjatiya Unnat Gram Abhiyan (PMJUGA) scheme.
Government approves ISRO’s interplanetary mission to Venus
The central government has approved the Indian Space Research Organisation (ISRO) 's interplanetary Venus
Orbiter Mission (VOM) to study the Venus planet. The Venus Orbiter Mission, also known as the Sukrayaan
mission, was approved in a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi on 18
September 2024.
BEL secures order for indigenous radar worth Rs 850 cr from Cochin Shipyard
Navratna Defence PSU Bharat Electronics Limited has secured an order worth Rs 850 crore from Cochin Shipyard
Limited for the supply of indigenous Multi-Function Radar, The fully indigenous radar, designed by DRDO and
manufactured by Bharat Electronics Limited (BEL), is capable of detecting, acquiring and tracking airborne
targets to provide protection for naval ships.
Nadi Utsav 2024 inaugurated at IGNCA New Delhi
Celebrating the significance of India’s rivers, Nadi Utsav 2024 was inaugurated at the Indira Gandhi National
Centre for the Arts – IGNCA in New Delhi September 5. The 5th edition of the festival is being celebrated under
the theme ‘Rivers in Reverse: Making of a Lifeline’, focusing on the components of a river and its surrounding
culture.
National Centre of Excellence for Animation to be set up in Mumbai
The Union Cabinet approved the establishment of the National Centre of Excellence (NCoE) for Animation, Visual
Effects, Gaming, Comics, and Extended Reality (AVGC-XR). Designed to mirror the IITs and IIMs, this initiative
aims to bolster India’s position as a global content hub, the centre will be located in Mumbai as a Section 8
Company under the Companies Act, 2013.
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Amit Shah launches 'White Revolution 2.0' to boost Indian dairy sector
In a major push to transform India's dairy cooperative sector, Union Minister Amit Shah unveiled 'White
Revolution 2.0', a comprehensive initiative aimed at empowering women farmers and creating job opportunities
in dairy sector.
The programme focuses on four key areas - empowering women farmers, enhancing local milk production,
strengthening dairy infrastructure, and boosting dairy exports.
JP Nadda Inaugurates the 2nd Global Food Regulators Summit 2024
Union Minister of Health and Family Welfare, Jagat Prakash Nadda (JP Nadda), inaugurated the second edition
of the Global Food Regulators Summit 2024 in New Delhi. The 2nd Global Food Regulators Summit 2024 is
organised alongside the 3rd World Food India 2024.
PM Modi lays foundation stone for PM Mega Integrated Textile Regions and Apparel Park
Prime Minister Narendra Modi laid the foundation stone of PM Mega Integrated Textile Regions and Apparel (PM
MITRA) Park in Maharashtra’s Amravati, The 1000-acre park is being developed by the Maharashtra Industrial
Development Corporation (MIDC) as the State Implementation Agency. The central government had approved
setting up 7 PM MITRA Parks for the textile industry.
Mizoram government launches Bana Kaih scheme
The Mizoram government launched a financial assistance and support programme, 'Bana Kaih', for small
entrepreneurs and farmers of the state, Chief Minister Lalduhoma launched the scheme at a function at the
Vanapa Hall in Aizawl.
Jaipur to Host the 25th IIFA Awards
Jaipur, the capital of Rajasthan, is set to host the prestigious 25th edition of the International Indian Film
Academy (IIFA) Awards from March 7 to 9, 2025, at the JECC Sitapura. The announcement was made during a
formal agreement signing ceremony at the iconic Albert Hall, attended by Deputy Chief Minister Diya Kumari.
Pune airport to be renamed Jagadguru Sant Tukaram Maharaj International airport
The Maharashtra government has decided to rename Pune airport to Jagadguru Sant Tukaram Maharaj
International Airport, Jagadguru Sant Tukaram Maharaj was born in Lohegaon, where Pune International Airport
is located. He also spent his childhood there. Therefore, this proposal was presented to the state government.
India’s First Co2 to Methanol pilot plant to be set up in Pune
The foundation stone for India’s first of its kind CO2-to-Methanol pilot plant with an overall capacity of 1.4 Tons
Per Day (TPD) was unveiled virtually by Prof. Abhay Karandikar, Secretary, Department of Science and
Technology (DST), Government of India, at Thermax Limited premises in Pune, Maharashtra.
Indian Navy readies second edition of Navika Sagar Parikrama expedition
The Indian Navy is all set to launch its second Navika Sagar Parikrama expedition on 2 October 2024. The Indian
Navy launched its first Navika Sagar Parikrama in 2017, manned by six female crew members, to circumnavigate
the globe on board the Indian Naval Sailing Vessel Tarini, or INSV Tarini.
PM Modi to inaugurate metro, supercomputing, energy projects and more
Prime Minister Narendra Modi is scheduled to visit Pune, Maharashtra today, (September 26) He will flag off the
Pune Metro from District Court to Swargate at 6 PM. Following this, he will inaugurate and lay the foundation for
multiple projects valued at over Rs. 22,600 crore.
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INTERNATIONAL
North Korean leader Kim Jong Un unveils new ‘suicide drones’
North Korean leadeA Kim Jong Un recently unveiled a new type of “suicide drone,” with state media reporting
that he personally oversaw a performance test of the weaponry. Suicide drones are explosive-carrying
unmanned drones designed to be deliberately crashed into enemy targets, effectively acting as guided missiles.
2 Agreements signed for India - US Defence Cooperation
India and the United States of America (USA) have signed two new defence agreements—a Security of Supply
Arrangement (SOSA) and a Memorandum of Agreement regarding the Assignment of Liaison, during Defence
Minister Rajnath Singh's official visit to the USA from 23 to 26 August 2024.
Youngest Asian to conquer Mt Kilimanjaro
Five-year-old Teghbir Singh from Ropar in Punjab has become the youngest ever from Asia to scale the 5,895-
metre Mount Kilimanjaro, the highest peak in Africa located in Tanzania.
ReNew Signs 437.6 MW Green Attribute Contract with Microsoft
Indian renewable energy firm ReNew has signed a green attribute sale contract of 437.6MW with Microsoft, This
contract is expected to generate over one million units of green electricity attributes annually, contributing to
Microsoft’s ambition to be carbon-negative by 2030, ReNew said this is amongst India's largest corporate
renewable agreements.
India signs deal for 73,000 assault rifles from the US
India has secured a contract to import 73,000 SiG Sauer rifles from the U.S., adding to the 72,400 rifles previously
purchased. This move comes amid ongoing border tensions with China and Pakistan. The SiG-716 rifles, valued
at Rs 837 crore, are preferred for their advanced capabilities and 500-meter effective range.
India & Malaysia Sign MoU for Strengthening Co-Operation in Tourism
India and Malaysia have signed a Memorandum of Understanding (MoU) between the Ministry of Tourism,
Government of Republic of India and the Ministry of Tourism, Arts and Culture, Government of Malaysia for
strengthening co-operation in the field of tourism.
The MoU was signed on 20th August 2024 between Minister of Tourism and Culture from India Shri Ganjendra
Singh Shekhawat and Minister of Tourism, Arts and Culture of Malaysia Mr. Y B Dato Sri Tiong King Sing.
INS Tabar Conducts Maritime Partnership Exercise with Spanish Navy Ship Atalaya
The Indian Navy's frontline frigate, INS Tabar, visited Malaga, Spain, for two days starting 25 August. After
leaving on 27 August, it participated in a maritime partnership exercise (MPX) with the Spanish Navy Ship
Atalaya in the Mediterranean Sea.
Nepal Tourism Board Won the PATA Gold Award for Sustainable Tourism
Nepal Tourism Board has received the Pacific Asia Travel Association (PATA) Gold Award in Sustainable Tourism
for Livelihood Recovery Project (STLRP). This is the third time NTB has received a PATA award in community-
based tourism. The award recognizes the project’s efforts in creating employment opportunities and enhancing
sustainable tourism development in all seven provinces of Nepal.
India & 3 more Nations signed charter to establish Colombo Security Conclave Secretariat
India signed the Charter and memorandum of understanding (MoU) for the establishment of the Colombo
Security Conclave (CSC) Secretariat along with Sri Lanka, Maldives, and Mauritius.
National Security Adviser Ajit Doval, along with representatives from Maldives, Mauritius, and Sri Lanka, signed
a charter and memorandum of understanding (MoU) to establish the Colombo Security Conclave (CSC)
Secretariat, according to the High Commission of India in Sri Lanka.
India and Saudi Arabia signed MoU to enhance bilateral cooperation in public sector
In a significant move to enhance bilateral cooperation in public sector auditing, India and Saudi Arabia signed a
Memorandum of Understanding in Riyadh. The agreement was signed by Girish Chandra Murmu, the
Comptroller and Auditor General of India, and Dr. Hussam Al-Angari, President of the Saudi General Court of
Audit.
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Indian Navy’s P8I aircraft to take part in Exercise Varuna
The Indian Navy’s P-8I aircraft has landed at Air Base 125 Istres-Le Tube in France, marking its first-ever
deployment in Europe, to participate in the 22nd edition of Exercise Varuna with the French Navy.
This deployment comes 63 years after the Indian Navy’s Alize aircraft, operating from the erstwhile INS Vikrant,
last flew at Hyeres Airbase, according to a statement released by the Indian Navy.
India and UNESCO to Co-Organize 2024 Chief Science Advisers Roundtable
India and UNESCO Co-organising the 2024 Edition of Chief Science Advisers Roundtable (CSAR) in Paris, France
on 6 September 2024 Delegations of 28 countries, led by their Chief Science Advisers or nominated equivalents,
and 6 international organisations will join this roundtable to discuss.
IIT Delhi opens first int'l campus with batch of 52 students in Abu Dhabi
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, visited the Abu
Dhabi campus of the Indian Institute of Technology Delhi (IIT Delhi-Abu Dhabi) on September 2, 2024, and
blessed its first batch of undergraduate students, marking a historic milestone in international engineering
education under the prestigious brand of IIT. The inaugural undergraduate batch of 52 students will pursue
B.Tech degrees in Computer Science and Engineering, and Energy Engineering.
India and Kenya holds 3rd Joint Defence Cooperation Committee meeting
The third edition of Joint Defence Cooperation Committee (JDCC) meeting between India and Kenya was held in
New Delhi on September 3, 2024.The two countries discussed a wide range of avenues for defence cooperation
in areas like military cooperation, training, defence industries, R&D etc.
Indian Navy and South African Navy signs Agreement to enhance submarine rescue support cooperation
The Indian Navy and the South African Navy signed an Implementing Agreement to enhance their submarine
rescue support cooperation. The Defence Ministry said that under the agreement, the Indian Navy will provide
assistance by deploying its Deep Submergence Rescue Vehicle when required. The Ministry underlined that this
will ensure the safety of the South African Navy’s submarine crew in times of distress or accident.
India and Singapore Sign Agreement on Semiconductor Partnership
India and Singapore have signed a Memorandum of Understanding (MoU) on Semiconductor Ecosystem
Partnership during Prime Minister Modi's visit to Singapore. This agreement will facilitate the entry of
Singapore's semiconductor companies into the Indian market.
Barnier becomes new French PM
Veteran French conservative Michel Barnier has taken over as the new Prime Minister of France, Almost two
months after France's snap elections ended in political stalemate.
Algerian President Tebboune Wins Second Term with 95% Vote
Algerian President Abdelmadjid Tebboune has been re-elected for a second term with 95% of the vote, Tebboune
received 94.65% of the vote, while his opponents, Abdelaali Hassani Cherif and Youcef Aouchiche, garnered 3%
and 2% respectively.
Israel's Tower Semiconductor, Adani plan $10 bln chip project in India
Israel’s Tower Semiconductor and India’s Adani Group are set to invest 839.47 billion rupees ($10 billion) in a
semiconductor manufacturing project in Maharashtra. The semiconductor plant in Maharashtra will initially
produce 40,000 wafers.
India and UAE signed Agreement on nuclear energy, petroleum
During the official visit of Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, India
and the UAE signed several significant Memoranda of Understandings (Agreement), paving the way for
cooperation between the two nations in sectors like nuclear energy and petroleum.
India-US joint military exercise 'Yudh Abhyas 2024' begins in Rajasthan
The 20th edition of the India-USA Joint Military Exercise, Yudh Abhyas 2024, commenced at the Foreign Training
Node in the Mahajan Field Firing Ranges, Rajasthan. This year's exercise will take place from September 9 to 22.
Since its inception in 2004, Exercise Yudh Abhyas has been held annually, alternating between India and the
United States.
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India-UAE signed Agreement to collaborate in Critical Mineral Supply Chain
India and UAE agreed upon two business-related outcomes on the occasion of the visit of the Crown Prince of
Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan in Mumbai. The outcomes include the launch of
work on the India-UAE virtual trade corridor, VTC and MAITRI interface to facilitate VTC.
Nepal Becomes 101st Member of International Solar Alliance
Nepal has become the 101st country to join the International Solar Alliance-ISA as a full member. In a social
media post, the Ministry of External Affairs said that Nepal handed over its Instrument of Ratification to the ISA
in New Delhi, The Instrument of Ratification was exchanged during a meeting between Nepal’s Charge d’ affairs
Dr. Surendra Thapa and Joint Secretary (ED&MER) in the External Affairs Ministry, Abhishek Singh.
US govt to partner with IIT Madras Research Park for solar, green hydrogen
The United States and IIT Madras Research Park will soon announce a partnership to work in four broad areas,
solar, green hydrogen, electric vehicles and batteries and green buildings.
TN government signs MoU with U.S. machinery manufacturer Caterpillar
During Stalin’s ongoing visit to the U.S., several key partnerships and investment agreements between American
companies and the Tamil Nadu government have been signed, According to the MoU, U.S. machinery
manufacturer Caterpillar will expand its equipment manufacturing facilities in the state, Caterpillar, plans to
invest in the Thiruvallur and Krishnagiri districts of Tamil Nadu.
India-Oman Joint Military Exercise Al Najah
An Indian Army contingent has departed for the fifth edition of the India-Oman Joint Military Exercise, Al Najah.
Scheduled from September 13 to 26, the exercise will take place at the Rabkoot Training Area in Salalah, Oman.
Indian Navy's P8I aircraft reaches Australia to participate in Exercise Kakadu
The Indian Navy's P8I aircraft, led by Commanding Officer Captain Ajay Kanwar, has reached Australia's Darwin
to participate in the 16th 4edition of Exercise Kakadu 2024.
Exercise Kakadu is a Royal Australian Navy (RAN)-led biennial exercise supported by the Royal Australian Air
Force (RAAF). Kakadu is the RAN’s flagship regional international engagement activity and has grown in size and
complexity since its inception in 1993.
US to sell High Altitude Anti-Submarine Warfare sonobuoys to India
The US has decided to sell High Altitude Anti-Submarine Warfare (HAASW) sonobuoys worth USD 52.8 million
to India. It will enhance India’s capacity to conduct anti-submarine warfare operations from its MH-60R
helicopters. The proposed sale will also strengthen the US-India strategic and defence relationship.
India and Argentina hold 7th round of Foreign Office Consultations in Buenos Aires
The 7th round of Foreign Office Consultations (FOCs) between India and Argentina was held on September 13 in
Buenos Aires, co-chaired by Jaideep Mazumdar, Secretary (East) from India’s Ministry of External Affairs, and
Leopoldo Francisco Sahores, Argentina’s Deputy Minister for Foreign Affairs. The previous round of FOCs took
place in November 2021 in New Delhi.
India launches ‘Operation Sadbhav’ to aid flood-hit Laos
The Government has initiated Operation Sadbhav to provide emergency humanitarian assistance to Laos,
following the devastating floods and landslides caused by Typhoon Yagi. The natural disaster has affected nearly
40,000 people, inflicting widespread damage to homes, infrastructure, and agricultural lands in northern Laos.
University of Melbourne, Australia launches centre in Delhi
The University of Melbourne, a premier government-run institute in Australia, has opened a centre in Delhi,
marking a significant expansion of its global presence. The Melbourne Global Centre – Delhi is strategically
located in the heart of the Indian national capital.
Glasgow to host the 2026 Commonwealth Games after Victoria backs off
Glasgow, Scotland's capital, has agreed to host the 2026 Commonwealth Games after the original host, Victoria
of Australia, declined due to the rising cost. Glasgow has previously successfully hosted the 2012 Commonwealth
Games.
SIDM Signs Two MoUs on Defence Industry Cooperation with UAE
In a landmark move to enhance defence cooperation, the Society of Indian Defence Manufacturers (SIDM) signed
two Memorandums of Understanding on Defence Industry Cooperation with the Emirates Defence Companies
Council (EDCC) and EDGE Group UAE.
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India and EU agree to deepen cooperation in Sustainable Water Management
India and the European Union agreed to enhance cooperation in sustainable water management and both sides
committed to advance cooperation in river basin management, fostering innovation and technology transfer
while promoting sustainable investments.
Govt approves sale of FSNL to Japan's Konoike Transport for Rs 320 cr
The government approved the privatisation of Ferro Scrap Nigam Ltd (FSNL) to Japanese corporation Konoike
Transport Co Ltd for Rs 320 crore, Under the Steel Ministry, FSNL is a 100 per cent subsidiary of MSTC Ltd. The
government had received two technically qualified financial bids for the company.
Jordan becomes first country to eliminate Leprosy: WHO verification
The World Health Organization (WHO) has congratulated the Hashemite Kingdom of Jordan for becoming the
first country in the world to be officially verified as having eliminated leprosy. This significant milestone marks
a new era in global public health efforts.
Sri Lanka picks Marxist-leaning Dissanayake as President
Sri Lanka elected Marxist-leaning Anura Kumara Dissanayake as its new president, putting faith in the 55-year-
old’s pledge to fight corruption and bolster a fragile economic recovery following its worst financial crisis in
decades.
India - United States groundbreaking partnership aimed at clean energy manufacturing
India and United States have entered into a ground breaking partnership aimed at boosting clean energy
manufacturing, The funding would be done through the International Bank for Reconstruction and Development
(IBRD), It would support supply-side manufacturing capacity expansion for key technology verticals, focusing
on solar, wind, battery, energy grid systems, and high-efficiency air conditioner and ceiling fans.
India and Bhutan Deepen Cooperation in the field of Food Safety
The Food Safety and Standards Authority of India (FSSAI), under the Ministry of Health and Family Welfare, held
a bilateral meeting with the Bhutan Food and Drug Authority (BFDA) during the Global Food Regulators Summit
at Bharat Mandapam. The meeting focused on implementing the “Agreement” signed on March 21, 2024, during
Prime Minister Narendra Modi’s visit to Bhutan.
Piyush Goyal inaugurates Invest India’s new office in Singapore
Union Commerce and Industry Minister Piyush Goyal inaugurated the Invest India’s new office in Singapore. The
office will serve as a dedicated point of contact for companies from the region looking to invest in India, fostering
collaboration across sectors.
India and Kuwait signed an MoU to teach Hindi
India and Kuwait signed a Memorandum of Understanding (MoU) to teach Hindi in Kuwait. The MoU was signed
by Dr. Adarsh Swaika, the Ambassador of India to Kuwait, and Professor Bassam Alameddine, the President of
GUST. The agreement states that the Indian Council for Cultural Relations (ICCR) will appoint an Indian
academician to teach Hindi at GUST for up to three years.
19th India-Australia Joint Ministerial Commission meeting to be held in Adelaide
Shri Piyush Goyal will co-chair with Minister Farrell the 19th India-Australia Joint Ministerial Commission
meeting held in Adelaide today (September 25, 2024) During the meeting, both countries discussed ways to
elevate bilateral economic engagement further.
Iran unveils all new and powerful suicide drone ‘Shahed-136B’
Amid the growing tension in the Middle-East, Iran for the first time has showcased the Shahed 136B drone and
Jihad ballistic missile. Iran unveiled a new ballistic missile and an upgraded one-way attack drone at a military
parade.
India-US to jointly set up multi-chip fab unit for National Security
India and the United States will jointly set up the world’s first multi-material chip fabrication unit in Jewar - UP
India, which will be exclusively for national security purposes. Both the countries agreed to jointly set up a new
semiconductor plant which will produce chips to be used in high-technology warfare platforms, like advanced
communications, advanced sensing, and high voltage power electronics equipment.
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SCIENCE & TECHNOLOGY
India's First Mpox RT-PCR Kit
AMTZ and Transasia Diagnostics in Vizag launched India's first indigenous MonkeyPox RT-PCR Kit, Developed
by Transasia Bio-Medicals, Validated by the Indian Council for Medical Research and authorized by the CDSCO,
this kit features lyophilized components for ambient temperature storage and ensures accuracy with zero cross-
reactivity.
Bharat Biotech unveils affordable oral cholera vaccine, Hillchol
Vaccine maker Bharat Biotech International Ltd on Tuesday (August 27, 2024) launched Hillchol (BBV131), a
novel single-strain oral cholera vaccine (OCV) it has developed under licence from Hilleman Laboratories
(funded by Merck, USA and Wellcome Trust, UK).
ISRO and AlphaMERS Join Forces to Combat Marine Pollution Using AI
The Space Applications Centre (SAC) of the Indian Space Research Organisation (ISRO) in Ahmedabad has signed
a memorandum of understanding (MOU) with AlphaMERS Ltd., a Bengaluru-based firm. The agreement, finalized
on July 4, 2024, aims to leverage both entities' resources to develop a sophisticated AI model. This AI system will
be designed to detect and profile marine pollution in India's coastal waters, focusing on macro plastics and oil
spills.
Reliance AGM: Mukesh Ambani announces suite of AI tools called Jio Brain
Speaking at RIL's 47th Annual General Meeting (AGM), chairman Mukesh Ambani unveiled Jio AI-Cloud, AI
brainchild 'Jio Brain' and many more new plans. Jio is developing a suite of tools and platforms that span the
entire AI lifecycle, called Jio Brain.
TCS launches innovation studio in Philippines to boost digital solutions in APAC
Tata Consultancy Services has launched its TCS Pace Studio in Manila, Philippines, aimed at driving digital
innovation across the Asia-Pacific region. The facility will serve as a hub for co-creating tailored digital solutions
with clients, leveraging cutting-edge technologies like artificial intelligence, cloud computing, cybersecurity, and
data analytics.
Hitachi Payment Services and NPCI introduce India’s first Android-Based CRM
Hitachi Payment Services has launched the country’s first Android-Based Cash Recycling Machine (CRM) at the
Global Fintech Fest 2024 (GFF), in collaboration with the National Payments Corporation of India (NPCI).
Google DeepMind’s Morni AI to Cover 125 Indic Languages
Google DeepMind’s India unit is spearheading an ambitious AI project named Morni (Multimodal Representation
for India), aiming to encompass 125 Indic languages and dialects.
PayU Unveils Industry-First Biometric Authentication technology for Card Payments
The Fintech, Payments Service Provider PayU has introduced Flash Pay, a biometric authentication solution for
card payments. Designed to simplify the payment experience and enhance security, it was unveiled at the Global
FinTech Festival (GFF) 2024.
This solution combines the ease of a seamless payment experience with robust security measures, meeting both
customer aspirations for convenience and banks’ stringent authentication requirements.
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APPOINTMENT & RESIGNATIONS
Chirag Paswan re-elected as Lok Janshakti Party president for five years
The Lok Janshakti Party (Ram Vilas) re-elected its leader and Union Minister, Chirag Paswan, as the party
president for the next five years during its national executive meeting held in Ranchi on August 25.
Sanjeev Raina Appointed ITBP Additional Director General
In a rare move the government has promoted and appointed a non-IPS Sanjeev Raina, a 1987-batch Indo-Tibetan
Border Police (ITBP) cadre officer, as Additional Director General (ADG) in the India-China Line of Actual Control
(LAC) guarding force, only the second time in the history of the force.
Arun Agarwal Appointed Chairman of TEDC
Governor Greg Abbott has appointed Dallas-based Indian American entrepreneur Arun Agarwal as the chairman
of the Texas Economic Development Corporation's (TEDC) board of directors. A key public-private partnership
with the Governor's Office of Economic Development and Tourism.
NASSCOM announces SAP Labs India MD Sindhu Gangadharan as Chairperson
IT industry body NASSCOM on Monday announced the appointment of SAP Labs India Managing Director Sindhu
Gangadharan as its chairperson with immediate effect.
Gangadharan takes the chair from Rajesh Nambiar, who has been appointed president-designate for NASSCOM
(National Association of Software and Service Companies).
Senior IPS officer B. Srinivasan Appointed as DG of NSG
The Appointment Committee of the Union Cabinet, in a meeting held in New Delhi on 27 August 2024, has
approved the appointment of senior Indian Police Officer (IPS) B Srinivasan as the new Director General of the
elite counter-terrorism force National Security Guard.
Satish Kumar appointed as Chairman and CEO of Railway Board
Satish Kumar, an Indian Railway Management Service officer, has been appointed as the new Chairman and Chief
Executive Officer of the Railway Board, effective from September 1. Kumar, who succeeds Jaya Verma Sinha upon
her retirement on August 31, marks a historic first as the board’s first Scheduled Caste chairman and CEO.
Vice Admiral Rajesh Dhankhar Takes Over as DG of Project Seabird
Vice Admiral Rajesh Dhankhar on Wednesday assumed duties of the director general of Project 'Seabird', with a
charter to oversee largest defence infrastructure project currently progressing at the Karwar Naval Base, the
Indian Navy said. He took charge from Vice Admiral Tarun Sobti.
Subhasri Appointed as MD & CEO of Shriram Capital
Shriram Capital, the holding company of Shriram Group, has announced the appointment of Subhasri as its
managing director and CEO effective from September 1, 2024. Currently, she is serving as the joint managing
director of the company
CS Setty takes over as the 27th Chairman of SBI
Challa Sreenivasulu Setty, or CS Setty, became the 27th Chairman of India’s largest commercial bank, State Bank
of India (SBI), on 28 August 2024. He succeeded Dinesh Khara, who retired after the closing of banking hours on
28 August 2024.
John Matthai was the first chairman of SBI to be appointed in 1955 after the nationalisation of the Imperial Bank
of India in 1955 under the State Bank of India Act 1955. The Imperial Bank of India was also renamed the State
Bank of India.
Satish Vadugiri named interim chairmen for IOC, Rajneesh Narang for HPCL
The government named interim chairmen for top oil firms, Indian Oil Corporation (IOC) and Hindustan
Petroleum Corporation Ltd (HPCL), as appointment of full-time heads is work in progress.
Satish Kumar Vaduguri, Director (Marketing), IOC has been appointed interim chairman of the company for three
months starting September 1, He replaces Shrikant Madhav Vaidya who completes his extended term at month-
end.
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The ministry appointed Rajneesh Narang, Director (Finance), HPCL as the chairman and managing director of
the company for three-month period starting September 1.
Rajiv Gauba retiers, TV Somanathan takes over as Cabinet Secretary
India’s longest-serving cabinet secretary, Rajiv Gauba, retired after five years of service on 30 August 2024. He
was replaced by Finance Secretary TV Somanathan, TV Somanathan is the 33rd cabinet secretary of the
government of India.
IPS Officer Rajwinder Singh Bhatti Takes Charge as CISF Director General
Rajwinder Singh Bhatti has been appointed as the 31st DG for the CISF. Prior to his appointment as DG CISF,
Bhatti was serving as the Director General of Bihar Police, where he was known for his strategic acumen and
leadership in managing complex law and order challenges.
Air Marshal Tejinder Singh takes over as Deputy Chief of the Air Staff
Air Marshal Tejinder Singh on Sunday September 1, 2024, took over as Deputy Chief of the Air Staff of the Indian
Air Force, An alumnus of the National Defence Academy, Air Marshal Singh was commissioned in the fighter
stream of the Indian Air Force (IAF) on June 13, 1987.
Ashutosh Dixit takes over as AOC-In-C, Central Air Command
Air Marshal Ashutosh Dixit has taken over as the chief of the Central Air Command at Prayagraj, while Air Marshal
Tejinder Singh has been appointed as the deputy chief of air staff in New Delhi. Dixit is an experienced test pilot
and instructor. Singh has a rich flying experience with over 4,500 hours in the air.
L’Oreal Paris Announces Alia Bhatt as New Global Brand Ambassador
French cosmetics giant L’Oreal Paris has signed Alia Bhatt, one of Bollywood’s most prominent actresses, as its
newest global brand ambassador. This partnership marks a major milestone for both the brand and the actress,
signaling L’Oreal’s continued focus on diversity and global representation.
Aparna Yadav appointed as vice chairperson of UP women's commission
The Uttar Pradesh government on Tuesday announced the appointment of its state women's commission office-
bearers, with Samajwadi Party chief Akhilesh Yadav's sister-in-law Aparna Yadav also finding a place in the
panel.
Governor Anandiben Patel has exercised her powers to nominate Babita Chauhan as chairperson of the UP Rajya
Mahila Aayog, and Aparna Yadav and Charu Chaudhary as vice-chairpersons of the commission for a period of
one year or till UP government's decision.
Randhir Singh Becomes First Indian To Be Elected As OCA President
Veteran sports administrator Randhir Singh became the first Indian to be elected as the president of the Olympic
Council of Asia (OCA) during the 44th General Assembly of the continental body.
IAS officer Tuhin Kanta Pandey appointed as Finance Secretary
The government has appointed Indian Administrative Service (IAS) officer Tuhin Kanta Pandey as Finance
Secretary, Mr Pandey replaces TV Somanathan, who has been appointed as the new Cabinet Secretary of India,
succeeding Rajiv Gauba in August.
Vinay Goyal Appointed as State Mission Director of NHM
Dr. Vinay Goyal has officially assumed the role of State Mission Director for the National Health Mission (NHM).
He succeeds K. Jeevan Babu, who has moved to the Kerala Water Authority as Managing Director. Dr. Goyal, an
IAS officer of the 2016 batch, also takes charge as Director of the Kerala State IT Mission and Project Director at
eHealth Kerala.
Shri Arun Goel appointed as the next Ambassador of India to the Republic of Croatia
Arun Goel has been appointed as India’s next Ambassador to Croatia, succeeding Raj Kumar Srivastava. Goel, a
retired 1985-batch IAS officer from the Punjab cadre, previously served as the Election Commissioner of India
from November 21, 2022, to March 9, 2024.
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IFFCO Tokio Appoints Subrata Mondal as MD & CEO
IFFCO Tokio General Insurance Company announced the appointment of Subrata Mondal as the new Managing
Director and Chief Executive Officer, Mondal, who has been associated with the company since 2001, brings over
36 years of experience in the insurance industry to his new leadership role, IFFCO Tokio General Insurance
Company (IFFCO Tokio) said in a statement.
C S Vigneshwar appointed FADA President
The Federation of Automobile Dealers Associations (FADA) announced the appointment of C S Vigneshwar as its
President for 2024-26 period, the decision was taken at the 315th Governing Council Meeting, held immediately
after the 60th annual general meeting, FADA said in a statement.
RS Sharma Appointed Non-Executive Chairperson of ONDC
The Open Network for Digital Commerce (ONDC) has appointed R S Sharma as its Non-Executive Chairperson.
Sharma, who has previously served as the Director General and Mission Director of the Unique Identification
Authority of India (UIDAI), Chairman of the Telecom Regulatory Authority of India (TRAI), and CEO of the
National Health Authority, will now lead ONDC
R. Ravindra appointed as India's next Ambassador to Iceland
The Ministry of external affairs (MEA) has appointed Mr. R. Ravindran as the next ambassador to Iceland. He was
a bureaucrat and served at many organizations and places.
Senior IPS Officer Amrit Mohan Appointed SSB Chief
Senior IPS officer Amrit Mohan Prasad was on Friday appointed as the Director General, Sashastra Seema Bal
(SSB), according to an official order, Prasad, a 1989-batch Indian Police Service (IPS) officer of Odisha cadre, is
presently working as Special Director General, Central Reserve Police Force (CRPF).
Ministry of Ports, Shipping & Waterways appointed Manu Bhaker as their New Brand Ambassador
The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal announced that the Double
Olympic Medal Winner in Shooting, Manu Bhaker, has been appointed as the Brand Ambassador for the Ministry
of Ports, Shipping & Waterways
Atishi Marlena named new Chief Minister of NCT Delhi
The ruling Aam Aadmi Party (AAP), in a meeting in New Delhi on 17 September 2024, has elected senior party
leader Atishi Marlena as its new chief minister after the announcement of resignation by the incumbent chief
minister, Arvind Kejriwal. Atishi will be 3rd woman after Sushama Swaraj and Sheila Dikshit and 8th person to
become the chief minister of the National Capital Territory (NCT) of Delhi.
Amazon India appoints Samir Kumar as its new head
Amazon India has appointed Samir Kumar as its new head, effective October 1, 2024. A 25-year company veteran,
Kumar takes over from Manish Tiwary, who is stepping down after leading the Indian business for over eight
years.
National Symposium ‘Exercise AIKYA’ on Disaster Management to Begin in Chennai
A two-day national symposium of the National Disaster Management Authority and the Army Southern
Command entitled Exercise AIKYA will begin in Chennai, September 18. The primary aim of the exercise is to
enhance disaster preparedness and foster robust collaboration among key stakeholders.
RBI approves re-appointment of V Vaidyanathan as IDFC First Bank's MD & CEO
The Reserve Bank of India (RBI) has approved the re-appointment of IDFC First Bank’s Managing Director (MD)
and Chief Executive Officer (CEO) V Vaidyanathan, effective from December 19, 2024, He took over as the MD
and CEO of IDFC First Bank in December 2018, following the merger of Capital First and IDFC Bank.
Anurag Garg Appointed as New NCB’s Director General
Anurag Garg, a 1993-batch IPS officer from the Himachal Pradesh cadre, has been appointed as the Director
General of the Narcotics Control Bureau (NCB) by the Appointments Committee of the Cabinet (ACC). Currently
serving as Additional DG in the Border Security Force (BSF), Garg’s tenure as NCB DG will last until May 23, 2026,
or until further orders.
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South Korean Ambassador Elected as President of IAEA General Conference
South Korea's Ambassador to Austria Ham Sang-wook has been elected as the president of the 68th General
Conference of the International Atomic Energy Agency (IAEA), An international organization within the United
Nations.
Air Marshal Amar Preet Singh appointed as next Chief of Air Staff
Air Marshal Amar Preet Singh, presently serving as Vice Chief of the Air Staff, has been appointed as the next
Chief of the Air Staff. Mr Singh will take over as the Chief of the Air Staff from Air Chief Marshal Vivek Ram
Chaudhari on the afternoon of the 30th of this month.
Walmart's Flipkart appoints former Reliance executive Seema Nair as CHRO
Walmart-owned e-commerce firm Flipkart has appointed Seema Nair as chief human resources officer (CHRO).
In this role, she will oversee human resources for Flipkart, partnering closely with respective leaders and HR
teams.
KVS Manian takes charge as MD & CEO, Federal Bank
KVS Manian has taken over as the new Managing Director & CEO of Federal bank effective September 23, 2024.
He joins Federal Bank after working for over two-and-a-half decades at Kotak Mahindra Bank Ltd.
Jitendra J Jadhav Appointed as Director General of Aeronautical Development Agency
The Appointment Committee of the Cabinet has approved a significant change in leadership for India’s
aeronautical sector. Jitendra J Jadhav, a Distinguished Scientist with nearly four decades of experience in aircraft
design and development, has been appointed as the new Director General of the Aeronautical Development
Agency (ADA).
SP Dharkar appointed as the next IAF vice Chief
Air Marshal SP Dharkar, a distinguished fighter pilot, has been appointed as the next Vice Chief of Air Staff. He
will succeed Air Marshal AP Singh, who is set to become the Chief of Air Staff. Dharkar will assume his new role
once the Chief takes over.
Jana Small Finance Bank Sweeps 4 Awards at ICC Emerging Asia Banking Conclave
Jana Small Finance Bank was honoured with the titles of Best Small Finance Bank, India, Best Performance on
Profitability (Runners-up), Best Performance on Asset Quality, and Best Performance on Risk Management. This
quadruple win underscores the bank's exceptional performance across key metrics and its dedication to
providing innovative financial solutions.
RINL Wins CII-GBC National Energy Leader Award for Sixth Consecutive Year
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant has once again set a
remarkable benchmark in energy efficiency and conservation, by bagging the prestigious National Energy Leader
Award from the Confederation of Indian Industry – Green Business Centre (CII-GBC).
Dhruvi Patel wins Miss India Worldwide 2024
Dhruvi Patel, a Computer Information System student from the USA, has been declared the winner of Miss India
Worldwide 2024, the longest running Indian pageant outside of India.
About - Miss India Worldwide is a beauty pageant which draws contestants from India and from among members
of the Indian diaspora residing in other countries, It is conducted by India Festival Committee (IFC), first founded
and headed by Dharmatma Saran in New York City, USA.
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ICMR gets U.N. award for successes in control of non-communicable diseases
Indian Council of Medical Research (ICMR) has received the prestigious 2024 @UN Inter-Agency Task Force
Award for achievements in advancing multi-sectoral action on the prevention and control of non-communicable
diseases and mental health and the broader NCD-related Sustainable Development Goals (SDGs),
Rhea Singha wins the Miss Universe India 2024 title
Rhea Singha, a 19-year-old model from Gujarat, was crowned Miss Universe India 2024 in Jaipur. She will
represent India at the global Miss Universe competition in Mexico.
Book Titled ‘Sri Rama in Tamilagam – An inseparable bond’ Released by Governor of Tamil Nadu
Thiru. R.N. Ravi, the Honorable Governor of Tamil Nadu, released a groundbreaking book titled “Sri Rama in
Tamilagam – An Inseparable Bond”. This literary work, authored by the esteemed duo Dr. D.K. Hari and Dr. D.K.
Hema Hari, explores the deep-rooted connection between Lord Rama and the land of Tamilagam, now known as
Tamil Nadu.
IMPORTANT DAY
Janmashtami / Gokulashtami
The festival of Janmashtami is being celebrated with great enthusiasm and reverence across the country today.
Around the world, devotees are gathering in huge numbers for the Darshan of Lord Krishna in temples, According
to the Hindu calendar, Janmashtami, also known as Gokulashtami, is celebrated on the eighth day, or Ashtami, of
the Krishna Paksha (dark fortnight) in the month of Bhadrapada, which is usually in August or September. In
2024, Janmashtami is celebrated on August 26.
National Sports Day: India
National Sports Day is celebrated annually on August 29th in India, marking the birth anniversary of Major Dhyan
Chand. This day emphasizes the importance of sports and physical activities and serves to honor Major Dhyan
Chand's legacy in Indian hockey.
International Day against Nuclear Tests
International Day against Nuclear Tests is observed on August 29. It was established on December 2, 2009, at
the 64th session of the United Nations General Assembly by the resolution 64/35, which was adopted
unanimously.
National Small Industry Day
National Small Industry Day is celebrated on 30th August to honour the contributions of small-scale industries
to India's economy. The National Small Industries Corporation (NSIC) Ltd is a designated government
organisation that launches initiatives for SSI.
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National Nutrition Week: India
National Nutrition Week in India is observed from September 1 to September 7 every year. This week provides
a platform for various health-related activities and campaigns aimed at improving the nutritional status of the
population.
World Coconut Day
World Coconut Day is celebrated annually on September 2nd to promote the importance of coconuts worldwide,
World Coconut Day was first celebrated on September 2nd, 2009, by the Asian and Pacific Coconut Community
(APCC), an organization that promotes the growth and development of the coconut industry in the Asia-Pacific
region.
Skyscraper Day
Every year on September 3rd, engineers, city people, and lovers of architecture get together to celebrate
Skyscraper Day, an occasion to recognise the monumental accomplishments of contemporary engineering and
architecture.
Teacher's Day: India
Teacher's Day is a special occasion celebrated annually on September 5th to honor educators who shape the
future by imparting knowledge and life lessons, It includes all celebrations to honor them for their special
contributions in a particular field area, or the community tone in education.
Teachers' Day marks the birth anniversary of Dr Sarvepalli Radhakrishnan - the first Vice-President and the
second President of India.
The first Teachers' Day was observed on Dr. Radhakrishnan’s 77th birthday in the year 1962, It was where the
tradition of celebrating Teachers' Day began.
Ganesh Chaturthi: 2024
Ganesh Chaturthi is a major Hindu festival celebrating the birth of Lord Ganesha, the remover of obstacles and
the god of wisdom and prosperity. In 2024, Ganesh Chaturthi falls on September 7. Ganesh Chaturthi falls on the
Shukla Paksha of Bhadrapada month.
International Vulture Awareness Day
Every year, on the first Saturday of September, the world commemorates International Vulture Awareness Day,
a global event aimed at raising awareness about the importance of vultures and the challenges they face.
International Day of Police Cooperation
On September 7, the world observes the International Day of Police Cooperation, recognizing the crucial role of
law enforcement in global security, The choice of September 7 as the date for this observance is significant, as it
coincides with the centenary of INTERPOL (International Criminal Police Organization). The International
Criminal Police Commission (ICPC), I
International Literacy Day
International Literacy Day is an international observance, celebrated each year on 8 September that was
declared by UNESCO on 26 October 1966 at the 14th session of UNESCO's General Conference. It was celebrated
for the first time in 1967.
Himalaya Day
Every year Himalaya Day, also known as Himalaya Diwas, is observed on September 9 in order to conserve the
Himalayan ecology and region, Himalaya Day was started in 2014 by Harish Rawat, the then Uttarakhand's Chief
Minister, to celebrate the Himalayas.
National Forest Martyrs Day: India
National Forest Martyrs Day is obeserved on September 11 every year in India to honor those who have lost
their lives while protecting the country's forests and wildlife. The day also aims to educate people about the
importance of preserving forests and their role in the environment.
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UNGA declares July 6 as World Rural Development Day
The United Nations General Assembly (UNGA) has unanimously passed a Pakistan Sponsored resolution to
declare July 6 as World Rural Development Day.
The 193-member Assembly adopted the resolution without voting, which was initiated by Bangladesh and co-
sponsored by Pakistan and 42 other countries, highlighting the importance of rural development.
Hindi Day
Hindi Day is celebrated in India to commemorate the date 14 September 1949 on which a compromise was
reached—during the drafting of the Constitution of India—on the languages that were to have official status in
the Republic of India.
International Day of Democracy
In 2007 the United Nations General Assembly resolved to observe 15 September as the International Day of
Democracy—with the purpose of promoting and upholding the principles of democracy—and invited all
member states and organizations to commemorate the day in an appropriate manner that contributes to raising
public awareness.
Doordarshan Foundation Day
Doordarshan, India’s public service broadcaster, proudly marks its 65th anniversary this year. Since its
establishment on 15th September 1959, Doordarshan has been at the forefront of Indian media, promoting unity,
culture, and education while serving as the nation’s voice.
Engineers’ Day :India
Engineer’s Day, celebrated annually on September 15, is a day dedicated to the remarkable minds that bring
ideas to life and shape the modern world. In India, Engineer’s Day commemorates the birth anniversary of Sir
Mokshagundam Visvesvaraya, one of the greatest engineers India has ever produced.
International Day for the Preservation of the Ozone
International Day for the Preservation of the Ozone Layer is celebrated on September 16 as designed by the
United Nations General Assembly. This designation had been made on December 19, 2000, in commemoration
of the date, in 1987, on which nations signed the Montreal Protocol on Substances that Deplete the Ozone Layer.
World Patient Safety Day
World Patient Safety Day is observed annually on 17 September, It aims to raise global awareness about patient
safety and call for solidarity and united action by all countries and international partners to reduce patient harm.
World Bamboo Day
World Bamboo Day is celebrated on September 18 every year to raise awareness about bamboo and its many
uses. Bamboo is a versatile, strong, and eco-friendly plant that can help reduce carbon dioxide levels in the
atmosphere. World Bamboo Day was established in 2009 by the World Bamboo Organization (WBO) to raise
awareness about bamboo's economic and environmental benefits,
International Day of Peace
The International Day of Peace, also officially known as World Peace Day, is a United Nations-sanctioned holiday
observed annually on 21 September, The 2024 theme “Cultivating a Culture of Peace” draws inspiration from
UNESCO's foundational belief that “wars begin in the minds of men, so it is in the minds of men that the defences
of peace must be constructed.
World Rivers Day
World Rivers Day is an annual event that raises awareness about the importance of rivers and the threats they
face from human activities. It takes place on the fourth Sunday of September every year. In 2024, World Rivers
Day will be celebrated on September 22.
Theme - The theme for World Rivers Day 2024 is "Waterways of Life." It underscores the crucial role rivers play
in sustaining life. Waterways: Refers to rivers, streams, and wetlands that provide vital services.
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International Day of Sign Languages
International Day of Sign Languages is celebrated annually across the world on 23 September every year along
with International Week of the Deaf. The choice of 23 September is the same date that the World Federation of
the Deaf was established in 1951.
World Pharmacists Day
World Pharmacists Day is a global healthcare event celebrated on September 25th every year since 2009,
Organized by the International Pharmaceutical Federation (FIP), a WHO partner, is a day to recognize and
celebrate the crucial role that pharmacists play in building healthier communities everywhere, This year, 2024,
the World Pharmacist Day Theme is “Pharmacists: Meeting Global Health Needs”.
Antyodaya Diwas
Antyodaya Diwas is observed on September 25, every year marking a significant day dedicated to remembering
Pandit Deendayal Upadhyay, a prominent Indian political leader and thinker. Celebrated annually, Antyodaya
Diwas highlights the vision and mission of uplifting the last person in society, focusing on creating an inclusive
India where no one is left behind.
World Contraception Day
The World Contraception Day is a worldwide awareness day that has taken place on the 26th of September every
year. During this day, various local and global healthcare organisations gather around to raise awareness of
contraception in the general population.
World Environmental Health Day
World Environmental Health Day is celebrated annually on September 26th to highlight the connection between
environmental health and human health. The day is an initiative of the International Federation of
Environmental Health.
World Maritime Day
World Maritime Day is observed worldwide by all the seafaring communities on the last Thursday of September,
In 2024 World Maritime Day will be observed on 26 September.
Theme - The International Maritime Organisation chooses the theme of World Maritime Day to highlight an issue.
This year, the IMO has chosen “Navigating the future: Safety First” as the theme of World Maritime Day.
OBITUARY
Veteran Congress leader, Nanded MP Vasantrao Chavan passes away
Veteran Congress leader and Nanded MP Vasantrao Chavan passed away in the early hours of Monday (August
26). He was 70. He passed away while receiving treatment in a hospital in Hyderabad. He was under medical
treatment for last two weeks.
Former Lebanon Prime Minister Salim Hoss Passes Away
Former Lebanese Prime Minister Salim Hoss, a key figure during Lebanon’s turbulent years, has passed away at
the age of 94, Salim Ahmad al-Huss, also spelled Selim El-Hoss, was a Lebanese politician who served as the prime
minister of Lebanon and a longtime Member of Parliament representing his hometown,
Olympic Cyclist Daniela Chirinos Passes Away
The cycling world mourns the loss of Daniela Larreal Chirinos, a celebrated Venezuelan Olympic cyclist who
passed away at the age of 51. Chirinos, known for her remarkable career spanning over a decade, left an indelible
mark on the sport of track cycling and represented her nation with distinction on the global stage.
Chilean tennis legend Luis Ayala Passes Away
Luis Ayala, a Chilean tennis great who played in two French Open finals, has died, the country’s tennis federation
announced on Wednesday. He was 91.
Born in Santiago, Ayala was an icon of the sport in Chile as he won 46 singles titles in his career, Among his
greatest achievements, he was a finalist at Roland Garros in 1958 and 1960, when he “became one of the greatest
players in clay of his time,” added the federation.
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RANKING
IIFT tops LinkedIn Global MBA Ranking in networking
India's premier business school Indian Institute of Foreign Trade (IIFT), under the commerce ministry, has
topped the chart in the networking category in the LinkedIn's top 100 MBA programmes in the world, The
institute was ranked 51st among the top 100 programmes, the ministry said in a statement on Tuesday.
India ranks No.1 in MSCI EM Index
India has surpassed China to become the top weight nation in the MSCI Emerging Market (EM) Investable Market
Index (IMI) for the first time, Indian equities together carry a weighting of 22.27 per cent in the index, edging
ahead of Chinese stocks, whose combined weight now has fallen to 21.58 per cent.
TIME's World's Best Companies 2024 List: HCLTech, Adani Group, Reliance make the cut
A number of Indian companies were featured on TIME's World's Best Companies of 2024 list among which are
HCLTech, Infosys, Wipro, the Adani Group and Reliance Industries. The list consists of 1000 companies among
which 22 this year are Indianborn, Apple inc tops the list with a score of 97.75 points followed by Accenture with
97.70 points and so on,
TIME's World's Best Companies of 2024: List of all Indian firms, rankings
1) HCLTech. India, Rank 112, Score: 91.75.
2) Infosys. India, Rank 119, Score: 91.55.
3) Wipro. India, Rank 134, Score: 91.29.
4) Mahindra Group. India, Rank 187, Score: 90.57.
5) Axis Bank. India, Rank 504, Score: 86.72.
6) State Bank of India. ...
7) ICICI Bank. ...
8) Larsen & Toubro.
Delhi airport climbs to 24th in megahub rankings, Mumbai falls to 44tth
Delhi's Indira Gandhi International Airport (IGIA) has climbed to 24th place in the latest ranking of global
"megahub" airports, up from its previous 25th position, according to international aviation analytics firm OAG,
However, both Delhi and Mumbai airports fare better in OAG’s ranking of megahub airports for low-cost carrier
(LCC) operations. Thanks to IndiGo, the Delhi airport rose to 5th place, up from 6th last year, while Mumbai
maintained its position at 11th.
Kerala Retains Top Spot In SFSI for Second Consecutive Year
Kerala has once again secured first position in the State Food Safety Index (SFSI) 2024, marking the second
consecutive year that the southern state has claimed the spot. The report was released in the inaugural session
of FSSAI Global Food Regulators Summit 2024.
India 3rd most powerful country in Asia: Asia Power Index 2024
According to the Asian Power Index Report 2024, released recently by the Australian think tank Lowy Institute,
India is ranked third most powerful country in Asia after the United States of America and China. Last year, India
was ranked the fourth most powerful country in Asia in the 2023 report, but this year, India overtook Japan to
be ranked third.
SPORTS
India clinches silver medal at Asian Surfing Championships 2024
India secured a silver medal at the Maruhaba Cup, a prestigious team event at the Asian Surfing Championships
2024, held in Thulusdhoo, with a score of 24.13 points, Japan clinched the gold medal with a dominant score of
58.40.
Lando Norris won the Dutch GP 2024
McLaren driver Lando Norris claimed his second victory of the F1 2024 season in the Dutch Grand Prix at
Zandvoort, with Red Bull’s Max Verstappen forced to settle for second at his home race and Ferrari driver Charles
Leclerc in third.
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U17 World Wrestling Championships 2024
The young Indian women's wrestlers produced a stellar performance at the U17 World Wrestling
Championships 2024, winning the team title and breaking the Japanese dominance in the championship. The
Indian women's contingent won 8 out of the 10 medals outshining the male wrestlers.
England Batter Dawid Malan Retires from International Cricket
Dawid Malan has announced his immediate retirement from international cricket with England. His decision
brings to a close a career that includes 22 Test matches, 30 one-day internationals and 62 T20 internationals,
the left-hander amassing 4,416 runs for his country across all formats.
Paris Paralympics: Avani clinches gold, Mona secures bronze in women’s 10m air rifle
Reigning Paralympic champion Avani Lekhara continued her winning streak by claiming gold in the women’s
10m air rifle final at the Paris Paralympics 2024. In a remarkable start for India, shooter Mona Agarwal also
captured a bronze medal in the same event.
Bihar to host 8th Women’s Asian Hockey Champions Trophy 2024
Rajgir, Bihar, will host the 8th Women’s Asian Champions Trophy Hockey Tournament 2024. This is the second
consecutive time that India will host the tournament. India hosted the 7th Women’s Asian Champions Trophy
hockey tournament in Ranchi, Jharkhand, from 27 October to 5 November 2023, which the Indian team won.
Paralympics: Rubina Francis wins bronze in Women’s 10m Air Pistol SH1
Para shooter Rubina Francis brought home India’s fifth medal in the ongoing Paris Paralympics, winning bronze
medal in the P2 – 10m Air Pistol SH1 event.
NorthEast United FC wins its maiden Durand Cup beating MBSG
Guwahati-based NorthEast United Football Club won its first Durand Cup title, defeating the defending champion
Mohun Bagan Super Giant (MBSG) 4-3 in a penalty shootout in the final. The final of the 133rd edition of Asia’s
oldest football tournament was played at the Vivekananda Yuba Bharati Krirangan, Kolkata(West Bengal), on 31
August 2024.
Nishad Kumar Wins Silver Medal at the Paris Paralympics
India's Nishad Kumar secured a silver medal in the men's T47 high jump final at the Paris Paralympics Kumar,
who previously claimed silver in Tokyo, recorded his season-best jump of 2.04 meters to finish in second place.
Townsend-Roberts of the United States claimed the gold medal with a season-best jump of 2.08 meters, pulling
ahead of India's Nishad Kumar. Russia's Georgii Margiev took home the bronze.
Paris Paralympics 2024: Deepthi Jeevanji wins bronze in women’s 400m race
Deepthi Jeevanji, the 20-year-old world champion sprinter from India, has secured a bronze medal in the
women’s 400m T20 event at the 2024 Paris Paralympics. This achievement marks a significant milestone in
Jeevanji’s career, coming in her debut Games appearance.
Sachin Khilari secures silver medal in men’s shot put F46 final at the Paris Paralympics 2024
Para-athlete Sachin Khilari clinched the silver medal in the men’s shot put F46 final at the ongoing Paris
Paralympics, Sachin secured the second spot with a 16.32-meter throw, which is also an area best (AB). However,
the Indian athlete narrowly missed the top spot by just 0.06 meters.
Pranjali Dhumal wins bronze in 25m pistol at World Deaf Shooting Championship
Pranjali Dhumal secured a bronze medal in the Women’s 25m Pistol event at the World Deaf Shooting
Championship in Hanover, Germany.
Pranjali qualified for the finals with a deaf world record and championship record score of 571, In the finals,
Dhumal clinched the bronze by hitting three out of five shots in the eighth series, edging out Croatia’s Lana
Skeledzija by a single point. She finished with a score of 29, trailing the Ukrainian duo Sofiia Olenych and Halyna
Mosina, who claimed gold and silver, respectively.
Kapil Parma clinches bronze in men’s -60kg J1 judo at Paris Paralympics
Indian judoka Kapil Parma secured a bronze medal at the Paris Paralympics, defeating Brazil’s Elielton de
Oliveira in the men’s -60kg J1 contest on Thursday. Parma executed a decisive Ippon in just 33 seconds, sealing
his victory and adding another medal to India’s tally.
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Praveen Kumar Wins Gold Medal in in the Men’s high jump at Paralympics 2024
Indian para-athlete Praveen Kumar secured a gold medal for the country at the ongoing Paris Paralympics in the
men’s high jump.
In the medal round, Praveen achieved a record-breaking jump of 2.08 meters, setting a new Asian record. The
silver and bronze positions were claimed by the USA’s Derek Loccident, with a jump of 2.06 meters, and
Uzbekistan’s Temurbek Giyazov, who cleared 2.03 meters, respectively.
Wrestler Jyoti Berwal wins gold medal in U20 World Championships
In wrestling, Jyoti Berwal clinched a gold medal in the women’s 76 kg freestyle category at the U20 World
Championships in Pontevedra, Spain. Jyoti defeated Ukraine’s Mariia Orlevych in the final yesterday without
giving her a chance to score a single point.
Indian Para Athlete Hokato Hotozhe Sema won Bronze at Paris 2024 Paralympics
India’s Hokato Hotozhe Sema has clinched the bronze medal in the men’s shot put F57 class at the Paris 2024
Paralympics. This achievement not only marks a personal milestone for Sema but also contributes to India’s
growing success in para-athletics on the global stage.
Navdeep's silver upgraded to gold after dramatic men's javelin throw F41 final at Paralympics
India's Navdeep Singh's silver medal was upgraded to gold after initial winner Iran's Sadegh Beit Sayah was
disqualified for repeatedly displaying an objectionable flag following a dramatic men's javelin throw F41 final at
the Paris Paralympics.
Ronaldo becomes 1st player to reach 900 career goals
Portugal's talisman Cristiano Ronaldo reached a remarkable milestone by scoring his 900th career goal during
Portugal’s 2-1 victory over Croatia in their opening UEFA Nations League match on September 5. The 39-year-
old is the first player in football history to reach 900 career goals for both club and country.
Sabalenka Won the U.S. Open women's Title
Belarusian Aryna Sabalenka hoisted the trophy in New York at last after years of close calls, as she outplayed
American sixth seed Jessica Pegula 7-5 7-5 in the U.S. Open women's final.
Jannik Sinner won the U.S. Open men’s title
Jannik Sinner bookended his standout Grand Slam year with his second major title when the Italian defeated
Taylor Fritz 6-3, 6-4, 7-5 to lift the trophy at the US Open.
The 23-year-old delivered a high-quality display to dash home hope Fritz’s title dreams and clearly showcase
why he has risen to the top of the game in the past 18 months. World No. 1 Sinner has now won a Tour-leading
six titles in a stunning 2024 season and has moved 4,105 points clear of his nearest challenger Alexander Zverev
in the battle to claim ATP Year-End No. 1 presented by PIF honours.
England all-rounder Moeen Ali retires from international cricket
Moeen Ali has announced his retirement from international cricket, with the 37-year-old declaring: “I've done
my part.” In an interview with the Daily Mail, Moeen Munir Ali OBE is an English cricketer, who was formerly
vice-captain of England in limited overs cricket. He played Test cricket for his country between 2014 and 2023,
becoming only the 16th person to hit 3,000 runs and take 200 wickets in Tests.
Syria wins the 4th Intercontinental Cup Men’s Football Tournament
Syria defeated India 3-0 in the last round-robin match to win the 4th Intercontinental Cup men’s football
championship. India, the defending champions, could not score a single goal in the match.
Neeraj Chopra clinches silver in Diamond League, falls just 1cm short of gold
Javelin throw star Neeraj Chopra narrowly missed out on reclaiming the Diamond League Trophy finishing just
one centimetre behind the champion, Chopra’s best throw of 87.86 metres came in his third attempt, falling short
of Grenada’s Anderson Peters, who secured the title with an 87.87-metre throw on his first try.
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Oscar Piastri won the Azerbaijan Grand Prix
Oscar Piastri of McLaren secured his first Formula 1 victory at the Azerbaijan Grand Prix, marking a significant
milestone in his career. The race, held at the Baku City Circuit, concluded under a virtual safety car due to a late
crash, adding an element of drama to the final moments.
India win 5th Asian Champions Trophy hockey title after beating China
The Indian team won their 5th Asian Champions trophy crown as they defeated a resolute China 1-0 on
September 17, Tuesday. Jugraj Singh scored the decisive goal in the 51st minute to help India secure the win as
China made the defending champions work hard for the win in the end.
Punjab lifts Hockey Junior Men’s National Championship 2024 trophy
Punjab defeated Uttar Pradesh to clinch the 14th Hockey India Junior Men’s National Championship 2024 at the
Olympian Surjit Singh Hockey Stadium in Jalandhar. After a 3-3 finish, the match was decided in the shootout,
with Punjab winning 4-3 to lift the trophy. Haryana defeated Karnataka 5-0 to secure third place on the podium.
Jasprit Bumrah becomes 10th Indian bowler to reach 400 international wickets
Indian pace spearhead Jasprit Bumrah on Friday completed 400 wickets in international cricket, becoming the
10th bowler from India to achieve this feat. Bumrah reached this milestone during India’s first Test against
Bangladesh in Chennai, With this achievement, Bumrah’s international tally now stands at 401 wickets from 196
matches, averaging an impressive 21.01,
India won double gold at Chess Olympiad 2024
India’s teams delivered outstanding performances at the 45th International Chess Federation (FIDE) Chess
Olympiad, held in Budapest, clinching gold in both the men’s and women’s events. India won the gold in both the
open and women’s categories.
India’s men’s team, consisting of D Gukesh, R. Praggnanandhaa, Arjun Erigaisi, Vidit Gujrathi, and Pentala
Harikrishna, defeated Slovenia to clinch the gold, and The Indian women’s team, featuring Harika Dronavalli, R.
Vaishali, Divya Deshmukh, Vantika Agarwal, and Tania Sachdev, mirrored the men’s success by securing gold
after a dominant 3.5-0.5 victory against Azerbaijan. Harika, Divya, and Vantika won their matches, with Vaishali
earning a draw.
Lando Norris Wins Singapore Grand Prix 2024
Lando Norris of McLaren secures his third career victory in Formula 1 by winning the Singapore Grand Prix on
Sunday, September 22, 2024. This year’s Singapore Grand Prix broke new ground by being the first in the event’s
history to run without a safety car deployment. This unusual circumstance added an extra layer of challenge for
the drivers, who had to maintain focus throughout without the usual breaks in racing action that safety car
periods provide.
Anmol Kharb bags her second title by winning the Polish International
Continuing her impressive performance, Indian badminton prodigy Anmol Kharb won the women’s singles title
at the Polish International Badminton Championships. 17-year-old Anmol Kharb won her first senior
international title last week by winning the Belgian International Badminton Championships singles title.
Jeevan Nedunchezhiyan & Vijay Sundar Prashant win Hangzhou Open Doubles title
Indian tennis duo Jeevan Nedunchezhiyan and Vijay Sundar Prashanth today won the doubles title in the ATP
250 Hangzhou Open 2024. They defeated the German pair of Constantine Frantzen and Hendrik Jebens at the
Hangzhou Olympic Sports Expo Centre. The Indian duo staged a remarkable comeback to triumph 4-6, 7-6 (7-5),
10-7, marking their first ATP title together as a pair.
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SUMMIT’S & MOU’S
2nd India-Singapore Ministerial Roundtable held in Singapore
ISMR is a unique mechanism established to set a new agenda for India-Singapore bilateral relations. Its inaugural
meeting was held in New Delhi in September 2022. The 2nd round of the India -Singapore Ministerial Roundtable
(ISMR), aimed at further strengthening trade and economic ties between the two countries, was held in
Singapore today ( 26 August 2024, Four union ministers – Nirmala Sitharaman, Piyush Goyal, S Jaishankar and
Ashwini Vaishnaw, attended the meeting. During their visit, the ministers interacted with their Singaporean
counterparts and leadership,
World Water Week 2024: 25-29 August
World Water Week is the leading conference on global water issues, held every year since 1991, The Stockholm
International Water Institute (SIWI) is organizing the World Water Week from 25 to 29 August 2024.
The theme for the year 2024 is “Bridging Borders: Water for a Peaceful and Sustainable Future”. This powerful
theme encapsulates the urgent need for global cooperation in addressing water-related challenges that
transcend national boundaries.
24th International Mother Teresa Awards
The 24th International Mother Teresa Awards Ceremony took place on August 26, 2024, at Millennium Plaza
Dubai, marking the 114th birth anniversary of the esteemed humanitarian. Organized by the All-India Minority
and Weaker Sections Council,
This event was held outside India for only the second time, with both international ceremonies occurring in
Dubai. Established posthumously after Mother Teresa’s death in 1997, the awards honor exceptional individuals
across various sectors including education, science, culture, sports, social work, medicine, industry, and politics.
REC inks MoU with JNPA for financing projects
Rural Electrification Corporation (REC) Limited, Maharatna PSU under the Ministry of Power and a leading NBFC,
signed an MoU with Jawaharlal Nehru Port Authority (JNPA) for financing up to Rs 45,000 crore for various
upcoming projects of JNPA, which includes the development of the deepwater Vadhavan Port.
ICAR-CIFE and VAMNICOM Sign MoU to Enhance Cooperative Management in Fisheries
The Central Institute of Fisheries Education (ICAR-CIFE) and the Vaikunth Mehta National Institute of
Cooperative Management (VAMNICOM) signed a Memorandum of Understanding, The collaboration aims to
advance cooperative management in the fisheries sector and supports the vision of establishing 200,000 Primary
Agricultural Credit Societies (PACS), dairy, and fishery cooperatives in every Panchayat.
2nd Indo-Russian Commission meeting on Emergency Management held in Moscow
The Russian capital city of Moscow on 28 August 2024 hosted the 2nd Meeting of the Joint Russian-Indian
Commission on Cooperation in the Field of Emergency Management. 2024, The Indian delegation was led by
Union Minister of State for Home Affairs, Nityanad Rai.
The Russian Minister for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters,
Kurenkov Aleksandr Vyacheslavovic, led the Russian delegation.
5th Global Fintech Fest Held in Mumbai
The 5th Global Fintech Fest was held in Mumbai, Maharashtra, from 28-30 August 2024. The festival, which
started in 2021, aims to establish itself as the premier global conference for the global fintech ecosystem,
promote collaboration, and influence the future of the Fintech industry.
IIM-K & RBIH signes MOU to boost research and innovation in fintech
In an effort to foster research and innovation in fintech, the Laboratory for Innovation Venturing and
Entrepreneurship (IIMK LIVE) of the Indian Institute of Management Kozhikode (IIM-K) and the Reserve Bank
Innovation Hub (RBIH) have signed a pact that will aim to revolutionize the FinTech sector in India.
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First Joint Commanders’ Conference commences in Lucknow
The maiden Joint Commanders' Conference (JCC) commenced at Lucknow on 4 September 2024, under the
theme 'Sashakt and Surakshit Bharat: Transforming Armed Forces'. The conference is focused on shaping the
future of India's military to adapt to the changing operational milieu.
First International Solar Festival held in New Delhi
Prime Minister Narendra Modi virtually addressed the first International Solar Festival, which was being held in
New Delhi on 5 September 2024, from Singapore. Prime Minister Modi was on an official visit to Singapore on 4
and 5 September 2024.
20th HACGAM Held in Incheon, South Korea
The Indian Coast Guard attended the 20th Heads of Asian Coast Guard Agencies Meeting (HACGAM) in Incheon,
South Korea. The 20th HACGAM was hosted by the South Korean Coast Guard at Incheon, South Korea, from 2 -
6 September 2024.
6th India-Saudi Joint Committee on Defence Cooperation meeting in Riyadh
The 6th meeting of the India-Saudi Arabia Joint Committee on Defence Cooperation was held in Riyadh, Saudi
Arabia, on 4 September 2024.
The Indian side was led by Joint Secretary Amitabh Prasad, which included officials from the Ministry of Defence.
Major General Salman Bin Awadh Al-Harbi led the Saudi Arabian delegation.
India and Maldives held 5th Defence Cooperation Dialogue in New Delhi
The fifth Defence Cooperation Dialogue between India and the Maldives took place in New Delhi. The Indian
delegation was led by Defence Secretary Giridhar Aramane, while the Maldivian delegation was headed by Chief
of Defence Force, General lbrahim Hilmy.
The meeting provided both sides with an opportunity to discuss the matters related to bilateral defence
cooperation. This included expediting the implementation of various ongoing defence cooperation projects.
India to host 2nd Asia-Pacific Ministerial Conference on Civil Aviation
India is set to host the 2nd Asia-Pacific Ministerial Conference on Civil Aviation, Scheduled to take place from
September 11-12, 2024, at Bharat Mandapam in New Delhi, the conference is co-hosted by the International Civil
Aviation Organization (ICAO) and the Ministry of Civil Aviation, Government of India.
Prime Minister Modi to inaugurate SEMICON India 2024 in Greater Noida
Prime Minister Narendra Modi is set to inaugurate SEMICON India 2024 on September 11 at India Expo Mart in
Greater Noida, Uttar Pradesh. The event, scheduled for 10:30 AM, will also feature an address from the Prime
Minister.
India-US Defence Summit INDUS-X launches new webpage to help investors
The third edition of India-U.S Defense Acceleration Ecosystem (INDUS-X) Sungmit concluded in California on
September 10, This event brings together leading defence policymakers from Washington and New Delhi with a
central focus on strengthening defence and advanced technology innovative partnerships
During the summit, a new official INDUS-X webpage was launched. The INDUS-X webpage is a resource for
investors and startups to learn about the programme, its goals, and partnership opportunities. It features a
directory of participating companies and upcoming events.
India to Join the Quad leaders Summit in Wilmington, US
US President Joe Biden will host the fourth Quad Leaders Summit in Wilmington, Delaware, on September 21,
the White House announced on Thursday (local time). President Joe Biden said he looks forward to welcoming
the Prime Minister of Australia, Anthony Albanese, Prime Minister of India, Narendra Modi, and the Prime
Minister of Japan, Kishida Fumio, to the meeting.
7th National Security Strategies Conference 2024 begin in New Delhi
Union Home Minister Amit Shah inaugurated the 7th National Security Strategies Conference 2024 in New Delhi.
During the two-day conference, the government will outline a roadmap to address emerging national security
challenges with the top police leadership from states, Union Territories, Central Armed Police Forces, and Central
Police Organisations.
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India participates in BRICS Literature Forum 2024 in Russia
The BRICS Literature Forum 2024 began in Kazan, Russia, bringing together prominent writers, poets,
philosophers, artists, and scholars from the BRICS nations. The forum was inaugurated by the Mayor of Kazan,
Ilsur Metshin, under the theme, “World Literature in the New Reality: Dialogue of Traditions, National Values,
and Cultures.”
2nd Naval Commanders’ Conference to Begin in New Delhi
The second edition of the Naval Commanders’ Conference will begin in New Delhi on September 17, The
Conference is the apex-level biannual event facilitating deliberations on significant strategic, operational and
administrative issues between the Naval Commanders. The Defence Ministry said the four-day conference will
commence with the inaugural address by the Chief of Naval Staff.
PMBI and Coal India Limited sign MoU for Jan Aushadhi Kendras across its premises
In a significant milestone under the mission to provide quality generic medicines and surgical equipments at
affordable prices to the masses, the Pharmaceuticals and Medical Devices Bureau of India (PMBI) and Coal India
Limited have signed a Memorandum of Understanding (MoU) for opening of Jan Aushadhi Kendras in the
premises of every coal field, selected hospitals or any suitable location specified or decided by Coal India Limited.
Indian Coast Guard inks MoU for marine conservation
The Indian Coast Guard (ICG) signed a Memorandum of Understanding (MoU) with The Habitats Trust and HCL
Foundation for marine conservation in New Delhi. The primary objective of this initiative is to implement critical
conservation efforts, including the removal of ghost nets, mapping and classifying areas affected by ghost gear,
and enhancing understanding to prioritize cleanup efforts.
Adani Ports sign MoU with Rorix Holdings for trade, logistics purposes
Adani Ports and Special Economic Zone Limited (APSEZ) signed a memorandum of understanding (MoU) with
Rorix Holdings, an Abu Dhabi-based global trade facilitation and finance company, to integrate technologies into
their logistics and trading platforms, The MoU was signed during the UAE-India Business Forum. As per APSEZ’s
stock exchange filing,
G7 culture minister’s meeting held in Naples, Italy
In a compelling address at the Special Session of G7 Ministers’ meeting on Culture in Naples, Italy, India made a
strong case for elevating the role of culture in global development strategies. Arunish Chawla, Secretary of India’s
Ministry of Culture, led the delegation in advocating for culture to be recognized as a standalone goal in the post-
2030 Sustainable Development Agenda.
World Audio Visual & Entertainment Summit 2025
India will host the inaugural World Audio Visual & Entertainment Summit (WAVES) from February 5 to 9, 2025,
aimed at boosting its media and entertainment industry globally. The summit will cover key areas like Animation,
Visual Effects, Gaming, and Comics (AVGC) and encourage dialogue, innovation.
President Droupadi Murmu Inaugurated the 16th ASOSAI Assembly
President Droupadi Murmu inaugurated the 16th Assembly of the Asian Organization of Supreme Audit
Institutions (ASOSAI) on September 24, 2024, in New Delhi. This significant event marks the beginning of crucial
discussions centered on the evolving role of Supreme Audit Institutions (SAIs) in promoting transparency and
accountability.
AIIMS Delhi sign MoU with tech company, Intuitive
All India Institute of Medical Sciences (AIIMS), New Delhi, and a technology company, Intuitive, signed a
Memorandum of Understanding to establish an innovative new training centre for robotic-assisted surgery. The
AIIMS da Vinci robotic-assisted surgery training centre will focus on equipping surgeons and care teams with
the skills and technology to perform robotic-assisted surgery across specialities, including urology, gynaecology,
general surgery, and more.
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Rubber Research Institute signs MoU with IndianOil
A memorandum of understanding was signed between Rubber Research Institute of India (RRII) and Indian Oil
Corporation Ltd (IOCL) to enhance the research on using Rubber Process Oils marketed by IOCL in different tyre
and non-tyre rubber products.
DRDO signs MoU with IIT Delhi to develop Light Weight Bullet Proof jackets
Defence Research and Development Organisation, DRDO has signed a Memorandum of Understanding with the
Indian Institute of Technology, IIT Delhi to develop Light Weight Bullet Proof Jackets named Advanced Ballistics
for High Energy Defeat.
Piramal Finance and Central Bank of India partner to reach underserved markets
Piramal Capital and Housing Finance Limited (Piramal Finance), a subsidiary of Piramal Enterprises Limited, has
partnered with Central Bank of India to expand their co-lending operations. The alliance is focused on providing
loans to middle and low-income borrowers, particularly in rural and semi-urban regions.
YES Bank ties up with Newtap Finance on financing solutions for affluent customers
YES Bank has entered into a co-lending partnership with Newtap Finance Private Limited to provide
personalised financing solutions for creditworthy individuals on payments platform CRED.
Dreamplug Technologies Private Limited (DTPL), which operates CRED, will serve as the Lending Service
Provider (LSP) for YES BANK and Newtap Finance in this partnership, The collaboration aligns YES BANK’s
financing expertise with CRED's affluent member base, where in recognition of their demonstrated financial
responsibility.
ESAF Small Finance Bank Launches Inori RuPay Platinum Credit Card
ESAF Small Finance Bank has launched the Inori RuPay Platinum Credit Card, a premium financial product
designed in collaboration with the National Payments Corporation of India (NPCI) to offer cardholders exclusive
benefits and privileges.
NPCI introduces BBPS for Business, UPI Circle to boost digital payments
National Payments Corporation of India (NPCI) has announced the introduction of two new offerings namely
Bharat BillPay (BBPS) for Business, designed to streamline business-to-business (B2B) transactions across
different ERPs and accounting platforms, and UPI Circle, which enables delegate payments to users.
CCI clears merger of Disney & RIL media assets in a ₹70,350 crore combination
The Competition Commission of India (CCI) provisionally approved the ₹70,350 crore combination involving
Reliance Industries Ltd. (RIL) and its units Viacom18 Media Private Limited (Viacom18), Digital18 Media Limited
with The Walt Disney Co.’s (TWDC) Star India Private Ltd. (SIPL) and Star Television Productions Ltd.
BOB’s BOBCARD launches high-end credit card ETERNA on RuPay Network
Bank of Baroda (BOB) launched the Eterna credit card, a high-end card that comes with a range of benefits,
ETERNA credit card is a luxury credit card launched at the prestigious Global Fintech Festival 2024 combines
the convenience of UPI payments with a suite of exclusive benefits, It is available on the RuPay network for an
annual fee of just Rs 2,499.
RBI imposes penalty on UCO Bank & Cent Bank Home Finance
The Reserve Bank of India has levied penalties on two banks: Rs 2.68 crore on UCO Bank for violating rules on
current accounts, interest on deposits, and fraud classification, and Rs 2.1 lakh on Cent Bank Home Finance Ltd
for not complying with KYC regulations.
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RIL Becomes India’s First Company to Surpass Rs 10 Lakh Crore in Annual Revenue
Reliance Industries Limited (RIL) has made history as the first Indian company to exceed ₹10 lakh crore in annual
revenue. This milestone was revealed during RIL’s Annual General Meeting (AGM) by Chairman Mukesh Ambani.
For the financial year 2023-24, Reliance achieved a record consolidated turnover of ₹10,00,122 crore (USD 119.9
billion), with a net profit of ₹79,020 crore (USD 9.5 billion).
World Bank raises Indian growth forecast to 7 % in FY 25
The World Bank has raised the growth forecast for the Indian economy in the current financial year (2024-25)
to 7 per cent from its earlier projection of 6.6 per cent. The upward revision in the World Bank forecast occurred
after the Indian economy recorded its lowest quarterly growth in fifteen months. The Indian economy grew by
6.7 per cent during the Q1(April-June) of the 2024-25 fiscal year.
POP Launches India’s First Multi-Brand Co-Branded Card
POP Launches India’s First Multi-Brand Co-Branded Card with RuPay & Yes Bank Fintech startup POP, founded
by former Flipkart employees, has introduced India’s first multi-brand co-branded credit card, the YEB BANK
POP-CLUB RuPay credit card, developed in collaboration with RuPay and YES Bank.
As India’s first multi-brand co-branded card, it brings together top brands such as Zomato, Blinkit, Cult, Rapido,
Cleartrip, and Pharmeasy, covering key daily expenditure categories like e-commerce, groceries, F&B, travel, and
health & fitness.
Axis Bank introduces two innovative digital solutions
Axis Bank launches 'UPI-ATM', an integrated Android Cash Recycler with Unified Payments Interface (UPI)
technology for cardless cash withdrawal and deposits. It also launched 'Bharat Connect (erstwhile BBPS) for
Business', in partnership with NPCI's Bharat BillPay Limited (NBBL).
BOI launches 333-Day Star Dhan Vriddhi FD, offers 7.9% interest rates
Bank of India (BOI) has launched a fixed deposit scheme called ‘Star Dhan Vriddhi Fixed Deposit' that will have
a term limit of 333 days. These revised rates are effective September 1, 2024.
The Star Dhan Vriddhi Fixed Deposit offers an interest rate of 7.90 per cent per annum for the so-called super
senior citizens. Senior citizens can benefit from an interest rate of 7.75 per cent per annum, while the general
public is offered a rate of 7.25 per cent per annum.
Zurich Insurance Group acquired a 70% stake in Kotak General Insurance
Kotak General Insurance has rebranded itself as Zurich Kotak General Insurance after Zurich Insurance Group
acquired a 70% stake in the company.
This acquisition, finalised on June 18, marks a major foreign investment in India’s general insurance sector
following the government’s increase in the foreign direct investment (FDI) limit to 74% in 2021.
Star Health launches India’s first health insurance policy in Braille
Star Health and Allied Insurance Co. Ltd (Star Health Insurance) has launched a policy in Braille with this step
the visually-impaired people can access information and make independent choices on matters related to their
health and finances.
RBL Bank Partners with IndianOil for New Credit Card
Private sector lender RBL Bank has launched a new credit card in collaboration with Indian Oil Corporation,
named ‘Xtra Credit Card,‘ as part of its strategy to moderately grow its credit card portfolio and enhance
customer engagement.
RBI fines HDFC Bank & Axis Bank for non-compliance
The Reserve Bank of India (RBI) has fined the largest private sector bank, HDFC Bank, and the third largest
private bank, Axis Bank, for non-compliance with the RBI's regulatory norms.
Rs 1.91 crore fine on Axis Bank =
The RBI fined Axis Bank Rs 1.91 crore for violating the provisions of the Banking Regulation Act 1949 regarding
the opening of savings accounts for ineligible persons, failing to issue unique customer identification codes
(UCIC), and improperly managing collateral for agricultural loans up to Rs 1.60 lakh.RBI also fined the bank for
its subsidiary's conduct in violating RBI’s norms.
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Rs 1 crore fine on HDFC Bank =
The RBI fined HDFC Bank Rs 1 crore for failing to follow RBI’s instructions regarding deposit interest rates,
recovery agents, and customer service practices. The bank was found guilty of paying first-year premiums for
the life insurance policies of some of its customers, opening accounts for ineligible entities, and failing to follow
customer contact guidelines.
SBI introduces 3 new offerings to ease payments for commuters
State Bank of India introduces 3 new offerings to ease payments for commuters namely, the MTS RuPay NCMC
prepaid card, which provides an offline payment solution; the One View mobile app, a one-stop solution to
manage all SBI NCMC prepaid cards; and an advanced design for SBI FASTag that reduces travel time for
commuters.
RBI imposes penalty on BNP Paribas and 3 others for compliance lapses
The Reserve Bank of India it has imposed a penalty of Rs 31.8 lakh on BNP Paribas (the bank) for certain
deficiencies in statutory and regulatory compliance.
The central bank has also imposed penalties on Hewlett Packard Financial Services (India), SMFG India Credit
Company, and Muthoot Vehicle & Asset Finance for non-compliance with certain norms.
Bank of Baroda introduces GenAI-powered virtual relationship manager
Bank of Baroda (BoB) has introduced ‘Aditi’, a GenAI-powered virtual relationship manager, to enhance the
digital customer service experience, These human-like interface presented in the form of digital avatars, offer
conversational banking across a range of services, Available on the bank’s web portal, the capability supports
audio, video and chat-based assistance ensuring 24x7 banking services with multilingual support. This service
is being gradually rolled out to our existing customers through an enrollment process available on the bank’s
website.
Jana Small Finance Bank launches Liquid Plus FD schemes at 6.75% interest rate
Jana Small Finance Bank has floated a new FD scheme -- Liquid Plus Fixed Deposit -- at an interest rate of 6.75%
per annum for tenures ranging from 7 to 180 days. The rate is applicable to a minimum deposit of Rs 10 lakhs
for retail deposits up to Rs 3 crore, and for bulk deposits between Rs 3 crores and Rs 200 crores per customer
for a short period of time.
Axis Bank and Mastercard Launch MyBiz Credit Card for Small Business Owners
Axis Bank, a leading private sector bank in India, has partnered with Mastercard, a global payments technology
firm, to launch the MyBiz credit card, specifically designed for sole proprietors and small business owners. This
premium World Mastercard® offers a comprehensive suite of business and travel benefits tailored to meet the
diverse needs of small and medium-sized enterprises (SMEs).
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