Table of Contents
National News
India Approves Eight New National High-Speed Road Corridors
On August 2, 2024, the Government of India took a significant step towards enhancing the country’s transportation infrastructure. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the construction of eight new national high-speed corridor projects. This decision marks a pivotal moment in India’s ongoing efforts to modernize and expand its road network to meet current and future demands.
“VIRAASAT”, 10th National Handloom Day Begins At Handloom Haat, New Delhi
“VIRAASAT”, a fortnight long exhibition dedicated to celebrating 10th National Handloom Day began at Handloom Haat in Janpath on 3rd August, 2024. National Handloom Development Corporation Ltd (NHDC) is organising the handloom expo under the aegis of the Ministry of Textiles, Government of India which will conclude on 16th August, 2024.
International News
President Murmu’s Six-Day Visit to Fiji, New Zealand, and Timor-Leste
President Droupadi Murmu embarked on a six-day visit to Fiji, New Zealand, and Timor-Leste, marking significant diplomatic engagements. This visit is notable for being the first by an Indian Head of State to Fiji and Timor-Leste.
Janet Yang Re-Elected Film Academy’s President
Film producer Janet Yang has been re-elected for a third term as the President of the Academy of Motion Picture Arts and Sciences. Alongside her re-election, several new board officers have been appointed to key positions within the Academy.
States News
Jharkhand Launches Mukhyamantri Maiyaan Samman Yojana
The government of Jharkhand, led by Chief Minister Hemant Soren, has unveiled a significant welfare initiative aimed at empowering women in the state. The Mukhyamantri Maiyaan Samman Yojana, set to be officially launched on August 16, 2024, represents a major step towards providing financial assistance to eligible women across Jharkhand.
Bankings News
RBI Cancels Licenses of 78 UCBs Since 2014
The Reserve Bank of India (RBI) has canceled the licenses of 78 Urban Cooperative Banks (UCBs) since 2014. Maharashtra has seen the highest number of cancellations, with 36 UCBs losing their licenses, followed by Uttar Pradesh (14) and Karnataka (8). In 2024 alone, 10 UCB licenses were canceled, affecting banks across Maharashtra, Karnataka, Uttar Pradesh, Gujarat, Rajasthan, Assam, and Andhra Pradesh.
Economy News
India’s Fiscal Deficit Declines to 8.1% of Full-Year Estimate in Q1 FY25
The Ministry of Finance reported that India’s fiscal deficit for the first quarter of FY25 stood at 8.1% of the full-year estimate, a significant improvement from 25.3% in the same period last year. This sharp decline is attributed to increased tax collections and a higher surplus payment from the RBI. The fiscal deficit amounted to Rs. 1.36 lakh crore by the end of June 2024.
Ind-Ra Raises FY25 GDP Growth Forecast to 7.5%
India Ratings & Research (Ind-Ra) has increased its forecast for India’s GDP growth in FY25 to 7.5%, up from the previous estimate of 7.1%. This revised projection surpasses the RBI’s forecast of 7.2% and the Finance Ministry’s Economic Survey estimate of 6.5-7%. The upward revision is attributed to expected improvements in consumption demand driven by government policies and increased capex.
Appointments News
DG SSB Daljit Singh Chawdhary Takes Over Additional Charge of Director General, BSF
Daljit Singh Chawdhary, the Director General of Sahastra Seema Bal (SSB), took over the additional charge of Director General Border Security Force on August 3. “On 03rd August 2024, Shri Daljit Singh Chawdhary ,IPS Director General SSB took over the additional charge of Director General Border Security Force, the largest Border Guarding Force of the world.
Summits and Conferences News
PM Inaugurates The 32nd International Conference of Agricultural Economists
The Prime Minister, Shri Narendra Modi inaugurated the 32nd International Conference of Agricultural Economists (ICAE) at National Agricultural Science Centre (NASC) Complex, New Delhi on August 3. Around 1,000 delegates from around 75 countries took part in the conference.
Important Days
Commemorating the 14th Indian Organ Donation Day
On August 3, 2024, India observes its 14th Indian Organ Donation Day, a significant event in the country’s healthcare calendar. This annual observance serves multiple crucial purposes: raising awareness about organ donation, honoring the selfless contributions of deceased donors and their families, and dispelling myths surrounding this life-saving practice.
Sports News
Novak Djokovic Clinches First Olympic Gold Medal at the Paris 2024 Olympics
Novak Djokovic of Serbia secured his first Olympic gold medal at the Paris 2024 Olympics. The 37-year-old tennis legend overcame Spain’s Carlos Alcaraz in a gripping men’s singles final at Roland Garros on Sunday, cementing his status in the annals of tennis history.
Star Shooter Manu Bhaker Set To Be India’s Flagbearer In Closing Ceremony
Manu Bhaker, India’s two-time Olympic bronze medallist, has been chosen to be India’s flagbearer for the closing ceremony of the Paris Olympics. According to sources from the Indian Olympic Association (IOA), Bhaker will represent India as the women’s flagbearer during the event.
Celebration of Paris Olympics 2024: India Releases Commemorative Postage Stamps
In a significant gesture to commemorate the upcoming Paris Olympics, the Department of Posts is set to release a special set of postage stamps. This event, scheduled for Monday, 5th August 2024, at 12:00 PM, will take place at the prestigious Rang Bhawan, All India Radio, in New Delhi. The occasion marks a celebration of sportsmanship, international unity, and India’s enthusiastic support for the Olympic movement.
Noah Lyles Wins U.S. Men’s 100-Meter Olympic Gold in 20 Years
American sprinter Noah Lyles clinched gold in the men’s 100-meter sprint at the 2024 Paris Olympics. The race was one of the closest in Olympic history, with Lyles finishing just 0.005 seconds ahead of Jamaica’s Kishane Thompson. Lyles’ time of 9.784 seconds narrowly beat Thompson’s 9.789 seconds. Team USA’s Fred Kerley secured bronze with a time of 9.81 seconds.
Obituaries News
Iconic Classical Dancer Yamini Krishnamurthy Passes Away
On August 3, 2024, India lost one of its most revered classical dancers, Yamini Krishnamurthy, who passed away at the age of 83 at Apollo hospital in New Delhi. Known for her mastery over Bharatanatyam, Kuchipudi, and Odissi, Krishnamurthy was a luminary who helped elevate Indian classical dance to the global stage.
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