 The United Nations observes 5 September every year as International Day of Charity with the objective of sensitizing and mobilizing people, NGOs, and stakeholders all around the world to help others through volunteer and philanthropic activities. The date of 5 September was chosen to commemorate the anniversary of the passing away of Mother Teresa. She also received the Nobel Peace Prize in 1979 “for work undertaken in the struggle to overcome poverty and distress, which also constitute a threat to peace.” |
| Source: The United Nations |
 India has surpassed the Netherlands to move into the list of top10 countries in terms of total gold reserves. According to the World Gold Council, India has gold reserves totalling 618.2 tonnes, which is marginally higher than the Netherlands’ reserves of 612.5 tonnes. According to the World Gold Council, the U.S. leads the country list with total gold reserves of 8,133.5 tonnes followed by Germany with 3,366.8 tonnes. In terms of individual countries, India actually ranks 9th since the International Monetary Fund (IMF) occupies the third position after the U.S. and Germany. |
| Source: The Hindu |
 Economist Intelligence Unit’s Global Liveability Index for 2019, released with both Delhi and Mumbai sliding down ranks. New Delhi dropped 6 places to 118, from 112 last year and Mumbai also fell in this year’s index, by two places to 119, from 117 last year. Vienna in Austria, Melbourne and Sydney in Australia make the top three cities. The survey ranks countries across indicators including stability, healthcare, education, infrastructure, culture and environment. |
| Source: The Hindustan Times |
 Indian Cricket team vice-captain Rohit Sharma is launching Rohit4Rhinos campaign, in partnership with WWF India and Animal Planet. This campaign helps to build awareness for the need to conserve the Greater One-Horned Rhinoceros or the Indian Rhino. The Indian rhinoceros faces several threats, including poaching, habitat loss and mass mortality from inbreeding and disease. |
| Source: The News18 |
 The Reserve Bank of India has made mandatory for banks to link retail and MSME loans to external interest rate benchmarks. This new norm will be effective from 1st of October. Under this norm, banks have to link all of their new loan products, be it personal, housing or auto to an external benchmark rate. Banks have been allowed to choose any benchmark market interest rate published by the Financial Benchmarks India Private Ltd (FBIL). Banks can choose RBI’s repo rate, government of India’s three-month treasury bill yield published by the FBIL, government’s six-month treasury bill yield published by the FBIL or any other market interest rate published by the FBIL. |
| Source: The Live Mint |
 The Cabinet has approved a capital infusion of Rs 4,557 crore into IDBI Bank. The capital infusion process will be done through recapitalisation bonds under which The government will infuse the capital into the bank and the bank will buy the recapitalisation bonds from the government on the same day. The capital infusion aims to help the bank in its return to profitability. The capital infusion is also expected to help IDBI to come out of Prompt Corrective Action framework of the Reserve Bank of India. |
| Source: The Hindu |
 ECL Finance Ltd, a subsidiary of Edelweiss Financial Services, and Central Bank of India have signed an agreement for priority sector lending to Micro, Small and Medium Enterprise (MSME’s) customers. The partnership aims to facilitate speedy disbursal of credit across a bouquet of products, including machinery and business loans. Through this partnership, MSMEs will be offered a blended lower rate of interest, translating into a lower cost of funds, helping them deploy capital more effectively in their business. |
| Source: The Hindu |
 Zimbabwe captain Hamilton Masakadza has announced to retire from international cricket after conclusion of Bangladesh & Afghanistan T20I Tri-series. He has represented Zimbabwe in 38 Tests, 209 ODIs and 62 T20Is since making his international debut against West Indies in 2001. In his overall international career, he scored 9,410 international runs including 10 international tons and 42 half-centuries. |
| Source: The India Today |
 Senior India batswoman Mithali Raj has announced retirement from International T-20 Cricket. In 89 T20 Internationals matches, she scored 2364 runs including 17 fifties with a career-best 97 not out. Mithali is also the first Indian cricketer to reach the landmark of 2000 T20I runs. |
| Source: The Times of India |
 The Government of India has announced a contribution of 22 million US Dollars to the Global Fund for AIDS, TB and Malaria (GFTAM) for the 6th replenishment cycle (2020-22), an increase of 10% over the amount contributed in the 5th cycle. India stands firm to its long-standing partnership with the Global Fund and its commitment to eliminate AIDS, Tuberculosis and Malaria. India’s pledge for the Global Fund strongly demonstrates its strong political leadership to achieve the universal health for all and its equally strong commitment to work across borders to join hands in fighting the epidemics of these three diseases. |
| Source: The Press Information Bureau |
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