PM Narendra Modi announced a new campaign “Start-up India, Stand up India”
In his Independence Day Adress Prime Minister Narendra Modi launched a new campaign with the name “Start-up India, Stand up India”.
Economy
Wholesale inflation in India lowest since 1976
Wholesale prices has fallen for the ninth consecutive month in July on the back of a decline in food and fuel prices, raising prospects of a cut in interest rates to give a push to growth.
Govt of India started overhauling PSU banks by appointing private sector executives in top positions
The Central government of India announced an overhaul of public sector banks. As a part of this process, the government drafted executives from the private sector to run at least two state-run lenders, for the first time since nationalization.
RBI paid government Rs 66,000 cr in dividend
The Reserve Bank of India paid a dividend of nearly Rs 66,000 crore to the government. The amount is the highest ever in the central bank’s 80year history, and 22% more than it paid last year.
Ban on Maggi in India hurts Nestle: Global net dips 2.5%
Swiss FMCG major Nestle reported 2.5% decline in its consolidated net profit at 4.51 billion Swiss francs for the first half of 2015 reportedly due to the ban on Maggy in India.
Inflation in India decreases while Industrial Output jumps to 4-month high
According to a recently released data, the Retail inflation in India decreased sharply in July, while industrial output growth rose to a four-month high in June.
Google launched its parent company ‘Alphabet Inc’
Search engine giant Google Inc on 10 August 2024 launched a new parent company called Alphabet Inc to separate its highly profitable search and advertising business.
iPhone-maker Foxconn decided to invest $5bn to ‘Make in Maharashtra’
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple Inc, on 7 August signed a pact with the Government of Maharashtra to invest $5 billion over five years in a semiconductor manufacturing facility.
India to produce a dozen billionaires among start-ups by 2020: ASSOCHAM
ASSOCHAM (Associated Chamber of Commerce Industries) Study on Start-Ups released on 2 August 2024 pointed out that India is expected to produce at least a score of billionaires and many times millionaires among the start-ups in the next five years.
RBI to issue 10 rupees coins to commemorate International Day of Yoga
The Reserve Bank of India has decided to put into circulation 10 rupees coins to commemorate the International Day of Yoga. The coins have been minted by the Government of India.