1.The Indian Space Research Organization (ISRO) unveiled India’s Gaganyaan programme for manned space flight before 2022.ISRO Chairman K. Sivan said the manned mission to space having 3 crew members will be in space for 5-7 days.Mr. Sivan said the spacecraft will be placed in a low earth orbit of 300-400 km and the total programme cost is expected to be less than Rs 10,000 crores.
2.The Reserve Bank of India (RBI) has formed a new unit to track emerging technologies like cryptocurrency, blockchain and artificial intelligence.The committee will research, draft rules and will supervise the development of these digital assets.The news about the forming of the research unit came after multiple warnings issued by RBI against crypto transactions.
3.The Government of India and the World Bank signed a $220 million Loan Agreement and $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program.The program will be implemented by the Energy Efficiency Services Limited (EESL).It will help to avoid lifetime emissions of 170 million tons of CO2 by replacing traditional machinery with energy efficient equipment.
4.The Government of India, Government of Rajasthan and World Bank signed a $250 Million agreement to support electricity distribution sector reforms in Rajasthan.It is the second electricity distribution reform policy for Rajasthan. The first closed in March 2017.The program will support the distribution sector, provide incentives to employees, reducing the costs of energy procurement etc.
5.Senior diplomat Ruchi Ghanashyam has been appointed as India’s next High Commissioner to the United Kingdom.Ghanashyam is a 1982 batch Indian Foreign Service officer and is currently Secretary (West) in the Ministry of External Affairs.
6.A 21-member committee has been set up to advise Prime Minister Narendra Modi on science, technology, and innovations.Vijay Raghavan, the principal scientific adviser to the Government of India will head the committee.Secretaries of at least 10 central ministries, related to science, technology, energy, and education, are special invitees to the panel.
7.Assam government has extended the Armed Forces (Special Powers) Act, AFSPA for another six months in the entire state.The official notification said that the state governor has declared the entire State of Assam as the ‘disturbed area’ up to six months.The Act gives special rights and immunity to security forces in carrying out various operations in disturbed areas.
8.The Union Cabinet approved the revision of project outlay for setting up of India Post Payments Bank (IPPB) from Rs. 800 crore to Rs. 1,435 crore.The additional sum of Rs. 635 crore accounts of Rs 400 crore for Technology Costs and Rs 235 crore for Human Resource Costs.IPPB services shall be available at 650 IPPB branches and 3250 Access Points from 1st September 2018.
9.Cabinet approved implementation of an umbrella scheme-Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART).The scheme covers a total of 16 sub-projects, which address ocean development activities such as services, technology, resources, and science.The Cabinet Committee on Economic Affairs approved the scheme implementation at an overall cost of Rs 1623 Cr.
10.The government of India and the Asian Development Bank (ADB) signed a $375 million loan agreement to expand irrigation networks and system efficiency of Madhya Pradesh.The project will develop 125,000 hectares of new, highly efficient and climate resilient irrigation networks.The project aims to double farming incomes by benefiting over 800,000 people in Madhya Pradesh.
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