 The Union Government, Rajasthan and the World Bank signed a USD 250 million Development Policy Loan (DPL) to support Rajasthan in improving the performance of its Electricity Distribution Sector under the State’s ‘24x7 Power for All’ program. The loan from the World Bank’s International Bank for Reconstruction and Development (IBRD), has a 3 year grace period and a maturity of 21 years. |
| Source- The Indian Exopress |
 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows- |
The Cabinet has approved-
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 Veteran Indian development economist Satya S Tripathi has been appointed as the Assistant Secretary-General and Head of the New York Office of the United Nations Environment Programme (UNEP) by UN Chief Antonio Guterres. He will replace Elliott Harris. Tripathi has worked for the United Nations since 1998 in Europe, Asia and Africa on strategic assignments in sustainable development, human rights, democratic governance and legal affairs. |
| Source- AIR World Service |
 The Union Government has constituted a 21-member science and technology council to advise Prime Minister Narendra Modi on matters related to science, technology and innovations. The council will be headed by K Vijay Raghavan, the principal scientific adviser to the Union Government. The council has been named as Prime Minister's Science Technology and Innovation Advisory Committee (PM-STIAC). The panel will advise the Prime Minister on all matters related to science, technology and innovation and monitor the implementation of PM’s vision on the same. |
| Source- The Times of India |
 The First South Asian Association for Regional Cooperation (SAARC) Agri Cooperative Business Forum has begun in Kathmandu, Nepal. The theme of three-day Forum is the ‘Organizing and Strengthening Family Farmers’ Cooperatives to attain the Sustainable-Development-Goals-1 and 2 in South Asia’. It is being co-organized by the Food and Agriculture Organization of the United Nations and Asian Farmers’ Association with the support from the International Fund for Agricultural Development. |
| Source- The Hindu |
 The National Sports Day is celebrated on 29th August every year to mark the birthday of legendary hockey player Dhyan Chand. Prime Minister Narendra Modi has greeted all sports enthusiasts and stated that this year has been great for the sporting fraternity, with the Indian athletes excelling in various tournaments including Asian Games 2018 and Commonwealth Games. |
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| Source- DD News |
 The G20 Digital Economy Ministerial Meeting was held in Salta, Argentina. It took place as part of Sherpa Track for 2018 G20 Leaders’ Summit, which is to be hosted by Argentina by end of 2018. The theme of the meeting was 'Building consensus for fair and sustainable development'. Its three key issues for the agenda were future of work, infrastructure for development, and sustainable food future. It concluded with the adaptation of declaration that reflects G20’s commitment towards promoting policies and actions that catalyze digital transformations. |
| Source- g20.org |
 An MoU was signed between the National Skill Development Corporation (NSDC) and National Health Agency (NHA), to provide capacity building for Pradhan Mantri Jan Arogya Yojana (PMJAY) to ensure effective rollout and continued quality implementation. The MoU was signed by Dr Indu Bhushan, CEO, NHA and Manish Kumar, MD & CEO, NSDC. As per the MoU, NSDC will ensure quality training of Arogyamitra through its network of Skill Development Centres functioning under PMKVY and Pradhan Mantri Kaushal Kendras(PMKK). |
| Source- Press Information Bureau (PIB) |
 Union Water Resources Minister Nitin Gadkari signed an MoU with six states for the construction of the Lakhwar multi-purpose project in the upper Yamuna basin to deal with water crisis. Chief Ministers of Uttar Pradesh (Yogi Adityanath), Rajasthan (Vasundhara Raje Scindia), Uttarakhand (Trivendra Singh Rawat), Himachal Pradesh (Jai Ram Thakur), Haryana (Manohar Lal Khattar) and Delhi (Arvind Kejriwal) signed the MoU. Under the agreement, the 204-metres high project will be constructed near Uttarakhand's Lohari village with live storage capacity of 330.66 million cubic metres (MCM). The total project is worth Rs 3,966.51 crore. |
| Source- The Indian Express |
 Alphabet Inc’s Google has partnered with four Indian banks to grant consumer loans online, as the fight for a $1 trillion digital finance market intensifies. The U.S. search giant has teamed with HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd. and Federal Bank Ltd. to offer instant, pre-approved loans to customers. California-based company re-branded its made-in-India Tez app as 'Google Pay' -- the catch-all label for its payments services. Google has claimed that it has 2.2 crore monthly active users on Google Pay. |
| Source- The Bloomberg |
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