1.Government has designated financial services secretary Rajiv Kumar as finance secretary. He succeeds Subash Chandra Garg, who was shifted to the position of power secretary. Kumar has played a crucial role in initiating banking reforms for state-run banks.Garg served as the economic affairs secretary.
2.NITI Aayog's Atal Innovation Mission will launch a new programme for Community Innovation in New Delhi. It aims to encourage the spirit of innovation in the country. It will be jointly inaugurated by Ramesh Pokhriyal Nishank & Dharmendra Pradhan.Atal Innovation Mission Director - R Ramanan.
3.RBI relaxed norms for end-use of money raised through ECBs. ECBs with a minimum average maturity period of 7 yrs can be availed for repayment of rupee loans availed domestically for capital expenditure as also by NBFCs for on-lending for the same purpose.ECB (10 yr avg maturity)can be used for working capital purposes.
4.India and Myanmar inked a Memorandum of Understanding on defence cooperation aimed at enhancing military training, joint surveillance, and maritime security to further strengthen their military ties.Armies of India & Myanmar held 2 phases of 'Operation Sunrise'.
5.DARPG in association with MeitY, GoI & Meghalaya govt will organize the 22nd National Conference on e-Governance 2019 at Shillong. It is the first time the event is being organized in North-Eastern region. Theme is ‘Digital India: Success to Excellence’.Minister of State of MeitY - Dhotre Sanjay Shamrao.
6.Former Cognizant executive Debashis Chatterjee will take over as Mindtree's new Chief Executive Officer on August 1. He served as the executive vice president and president, global delivery, in Cognizant.New Chairman of Mindtree – A M Naik.
7.Lok Sabha passed the Consumer Protection Bill that seeks to establish the Central Consumer Protection Authority (CCPA) to protect and enforce consumer rights. The CCPA will take immediate action after a complaint is filed by consumers.The bill would replace the Consumer Protection Act, 1986.
8.London has been named as the world's best city for students for the 2nd consecutive year, beating international cities like Tokyo & Melbourne that came 2nd & 3rd respectively. The 'QS Best Student Cities Ranking' compiled by QS Quacquarelli Symonds.Indian Students in London registered a hike of 20% in 2017-18.
9.B. Sai Praneeth has jumped 4 places to enter in the top 20 players in the latest World Badminton Rankings. He is now World No.19 in Men's Singles badminton ranking. Kidambi Srikanth & Sameer Verma retained his 10th & 13th position respectively.PV Sindhu & Saina Nehwal retained 5th & 8th rank respectively.
10.Dr.Subir Vithal Gokarn passed away at 60. He was the RBI Deputy Governor (2009-12) & oversaw Monetary Policy Research & Financial Markets dept. He served as Chief Economist of Standard & Poor’s Asia-Pacific (2007-09) & Chief Economist of CRISIL (2002-07).He was appointed as Executive Director of IMF in Nov 2015.
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