1.Reserve Bank of India granted ‘in-principle’ approval to 11 applicants to start a payments bank.
The selected applicants are:
Reliance Industries
Airtel M Commerce Services
Tech Mahindra
Vodafone m-pesa
Aditya Birla Nuvo
Department of Posts
Cholamandalam Distribution Services
Fino PayTech
PayTm
National Securities Depository Ltd (NSDL)
Sun Pharma.
2.LIC launches maiden unit linked insurance plan (ULIP)
3.Haryana government signs MoU with United Technologies
4.Lenovo to make Smartphones in Chennai with Flextronics under Make in India initiative
5.Finance Minister launches two funds for promoting MSMEs and Start-ups( On 18 August Finance Minister Arun Jaitley launched two funds the India Aspiration Fund (IAF) and SIDBI Make in India Loan for Enterprises (SMILE) under Small Industries Development Bank of India (SIDBI) in line to carter funding for start-ups and to aid small enterprises in India.)
6.United National Party (UNP) led United National Front for Good Governance (UNFGG) has emerged as largest group by winning 106 seats out of total 225 seats in Sri Lankan Parliamentary election 2015.
7.Union Government has completed the demarcation of eco-sensitive zone (ESZ) around the Okhla Bird Sanctuary in the national capital region (NCR) of Delhi.
8.India’s historic Mughal mausoleum Taj Mahal has ranked fifth position in the prestigious list of most attractive travel hotspot in the world.
9.TPP Nair, Romeo James and SP Misra have been recommended for prestigious Dhyan Chand award 2015.
10.Union Government announces Rs 1.25 lakh crore special package for Bihar
11.Tata Trusts to develop 264 villages in Vijayawada under Sansad Adarsh Gram Yojana(SAGY) initiative( Tata Trust to develop 264 villages in Vijayawada Lok Sabha constituency of Andhra Pradesh under Sansad Adarsh Gram Yojana(SAGY) initiative.)
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