 The Reserve Bank of India (RBI) released the draft guidelines to modify the loan system for delivery of bank credit, making the rules stricter to regulate larger borrowers enjoying working capital facility from the banking system. The draft specifies a minimum level of loan component in fund based working capital finance and a mandatory Credit Conversion Factor (CCF) for the undrawn portion of cash credit availed of by large borrowers. |
| Source- The Economic Times |
 India will host first military exercise of the BIMSTEC Countries in September 2018 in Pune, Maharashtra. The theme of the exercise includes counter-terrorism in semi-urban terrain and cordon and search. The main aim of this military exercise is to promote strategic alignment among the member-states and to share best practices in the area of counter-terrorism. Each participating member country will bring in some 30 soldiers. BIMSTEC countries had held disaster management exercise in 2017 in New Delhi, but this will be the first military exercise of the grouping. |
| Source- The Hindu |
 Indian captain Virat Kohli has received the prestigious Polly Umrigar Trophy (Cricketer of the Year) awardfor two consecutive seasons (2016-17 and 2017-18) at the BCCI Annual Awards function. Anshuman Gaekwad and Sudha Shah received the CK Nayudu Lifetime Achievement award. Jalaj Saxena and Parvez Rasool were adjudged ‘Best All Rounders' in Ranji Trophy while Krunal Pandya was rewarded for his performance in the Hazare one-day championship. |
| Source- DD News |
 India stands 177th at the bottom of the Global Environment Performance Index (EPI) rankings. In 2016, the country had ranked 141 out of 180 countries. In 2018, according to the State of India’s Environment (SoE) 2018 in Figures, it has slipped to the 177th position. India scored 5.75 out of 100 in air quality.
The Top 3 countries on the list are:
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| Source- The Times of India |
 At 17.2%, Axis Bank commands the largest value share of mobile banking transactions but it’s Paytm that tops volumes with 22%. However, Paytm’s value share is a meagre 0.25%, according to State Bank of India’s (SBI) annual report for 2017-18 which has put out Reserve Bank of India’s data for January 2018. ICICI Bank has a 17.1% share of transactions by value and 9.7% by volume. SBI’s volume share has slipped by over 5 percentage points from nearly 25% at the end of March 2017 to 19.5% in January 2018. |
| Source- The Indian Express |
 Bihar Chief Minister Nitish Kumar inaugurated and laid foundation stones for more than 100 schemes, worth Rs 875 crore, of the state bridge construction corporation. At a function organised on the occasion of the 43rd establishment day of the Bihar Rajya Pul Nirman Nigam Ltd, 122 schemes were inaugurated or their foundation stones laid down by the chief minister. |
| Source- The Moneycontrol |
 Khadi and Village Industries Commission (KVIC) has created a world record of distributing the maximum number of bee-boxes in one day. This was achieved by the KVIC in the Zangalee Army area at Kupwara in Kashmir. It had beaten its previous best of 1000 bee boxes distributed in Kaziranga forest area among the Mishing tribe on the occasion of World Honey Bee Day (18 August). Two thousand three hundred thirty(2330) bee-boxes were distributed among 233 beneficiaries in the Zangalee Army area. |
| Source- The Economic Times |
 The government has launched 5,000 Wi-Fi Choupals in villages and delivery of rail tickets through Common Service Centres (CSCs). It was inaugurated by Electronics and IT Minister Ravi Shankar Prasad in New Delhi. The move is aimed at transforming rural Internet connectivity through BharatNet. The WiFi Choupals will enable people in rural areas with an effective Internet access for their various digital processes. |
| Source- DD News |
 NITI Aayog’s Atal Innovation Mission (AIM) has selected 3,000 additional schools for the establishment of Atal Tinkering Labs (ATLs), bringing the total number of ATL schools to 5,441. The selected schools shall receive a grant of Rs 20 lakh spread over the next five years to establish Atal Tinkering Labs for nurturing innovation and entrepreneurial spirit among secondary school children across India. ATLs will soon be established in every district of India, seeking to enable an innovation ecosystem, which will facilitate transformational change in technological innovation and pedagogy. |
| Source- Press Information Bureau (PIB) |
 The United States has decided to provide security guarantees to North Korea, in exchange of Pyongyang's firm and unwavering commitment to complete denuclearisation of the Korean Peninsula. This is according to the joint document which was signed by US President Donald Trump and North Korean leader Kim Jong Un following their historic maiden talks at Singapore's Sentosa island. Both nations commit to establishing new relations in accordance with the desire of the people of the two countries for peace and prosperity. |
| Source- The Times Now |
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