The second Summit of FIPIC began Jaipur today.
- The leaders of the 14 island nations of the Indo-Pacific ocean region attended the meeting.
- Note: India is hosting the summit for the first time.
- FIPIC – Forum for the Pacific Islands India Cooperation.
Indian Railways has announced plans to set up 400 model stations across the country in the way public-private partnership (PPP).
- A joint venture will be established between the central and state governments for the implementation of this project.
- 17 State governments have already agreed to float the company.
- Models stations will be set up on the basis of shared half and half of the costs.
- Railway Minister Suresh Prabhu
The Centre said second and fourth Saturday of the month as holidays for bank employees.
- The government accepted the request long wait of employees with effect from the first of September.
- Note: Currently, all banks in the PSU and the private sector work a half day on Saturdays.
- If a month has five Saturdays, banks will be closed only on the second and fourth Saturdays.
Minister of Information and Broadcasting Col Rajyavardhan Rathore inaugurated “Perfume Northeast” three-day North East Film Festival in New Delhi today.
The Ministry of Tourism of the Union will be awarding the title of “Twin Cities National Heritage for the cities of Haridwar and Rishikesh temple, the first instance of such a label given to one of the cities.
The government announced today that it has launched a website, vidyalakshmi.co.in for students seeking educational loans.
- Five banks including SBI, IDBI Bank and Bank of India have integrated their systems with the portal.
- Note: Finance Minister Arun Jaitley, in his 2015-16 Budget speech had proposed to set up an authority of the financial assistance to students based entirely IT to administer and monitor grants and funding programs of Education through Pradhan Mantri Vidya Lakshmi Karyakram (PMVLK).
- Vidya Lakshmi Portal is the first of its kind that offers one-stop portal for students to access information and make requests for educational loans provided by banks as also government scholarships.
Prime Minister of Greece Alexis Tsipras announced his resignation and called an early election.
The Centre today introduced the visa of the Bangladeshi writer Taslima Nasreen for one year.
- She was allowed to remain in India until August 2016.
- Nasreen has lived in exile since 1994.
- She left Bangladesh in 1994 after receiving death threats by Islamic fundamentalists who claimed his works, especially ‘Lajja’, were intended to insult their religion
Business & Economy
The government on Monday to sell 10 percent in Indian oil company (IOC), the largest oil company in the country, through an offer for sale (OFS), which can fetch around Rs 9,500 crore to the exchequer.
- The government currently holds 68.57 percent of shares by CIO, the largest oil refining and marketing company in the country.
- The sale of stake in IOC will be the fourth divestment exercise.
Prasar Bharati, the public broadcasting service in India, and digital TV in Russia (DTR), a corporation of VGTRK (Russian TV and radio) and Rostelecom JSC, today signed an agreement for the creation of a platform for cooperation for the exchange and joint production of television programs.
Bangladesh was the first country to receive funds from the United Nations (UN) for its solar home systems to rapid growth.
- The United Nations Framework Convention on Climate Change (UNFCCC) issued 395,286 carbon credits worth 3.56 million US Dollar with two Bangladeshi organizations.
The government today released the standards of selection of doctors and CEOs in the public sector banks (PSBs), other than the five major state-owned lenders and the hiring process will begin next month.
- According to the guidelines, the selection for the top job in the PSB would be from the existing pool of executive directors (DHS) or the Deputy Chief Executive (DMDS) in public banks with a residual maturity of two years.
Awards and Recognition
Bangladesh Zia Haider Rahman novelist James Tait won Black 2015 prices.
- He won the prize for his first novel in the light of what we know.
- Story writer Balwant Moreshwar Purandare was conferred with the “Maharashtra Bhushan Award for 2015.
UNP (United National Party) leader Ranil Wickremesinghe sworn in as the 23rd Prime Minister of Sri Lanka today.
- He was elected to the first Parliament of Sri Lanka in 1977.
- He served as prime minister three times earlier – 1993-1994, 2001-2004 and since January this year.
- It is widely considered a friend of India in diplomatic and political circles.
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