The government should announce by 1 September the names of urban centers that would appear in the list of 100 smart cities, a flagship program of the administration Narendra Modi.
- Union Minister of Urban Development and Housing: M Venkaiah Naidu
Business & Economy
The Reserve Bank of India (RBI) allowed banks to extend the repayment period of the agricultural loan up to 5 years in case of 50% of the crop is damaged due to natural disasters such as drought and flooding.
- If crop damage is 33 percent, then the loan repayment period can be extended up to two years, including one year moratorium.
- RBI has advised banks that they should not insist on additional collateral security for these restructured loans.
The Government hikes minimum export price of onion to $ 700 per metric ton from $ 425 USD to check rising prices.
- Note: The prices of onion wholesale shoots up RS57 perkg at Lasalgaon in Maharashtra, the largest onion market in Asia (which is the highest so far this year).
The banana variety ‘Nendran’, ‘Chengalikodan‘, was granted the status geographical indication (GI).
- Banana, special variety grown in the suburb of Thrissur and Thalappilly taluk of Kerala is known for its unique size shape, color and taste.
- Note: GI status is an indication that identifies goods produced from a particular area, which has the particular quality or reputation attributable to its geographical origin.
Iran unveiled Fateh-313, a solid fuel short range ground-to-surface ballistic missile.
- It was unveiled at a time of the defense of the Industry Day and attended the ceremony Hassan Rouhani by President.
Google India has announced that the next YouTube Space Mumbai, a center of collaboration an production for the creators of YouTube videos, at Whistling Woods International (WWI), making it the first to host a space in Southeast Asia.
- Scheduled to open in late 2015, the space will allow video creators and students WWI learn about video production, collaborate with other creators, and break the barriers of resources hampering innovation and creativity.
The World Championships in Athletics 15th began today in Beijing.
This event will be the largest sporting event to be held at Beijing National Stadium (“Bird’s Nest”) since the summer 2008 Olympics.
Teenager Eritrean Ghirmay Ghebreslassie according to the first gold medal of the tournament in the men’s marathon.
Sania Mirza and his Swiss partner Martina Hingis enter semifinals of the Cincinnati Open tennis tournament.
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