The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.

It serves as a globally accepted key benchmark interest rate that indicates borrowing costs between banks. The rate is calculated and published each day by the Intercontinental Exchange (ICE).

It is based on five currencies including the U.S. dollar, the euro, the British pound, the Japanese yen, and the Swiss franc.

Indian Overseas Bank (IOB) on Thursday said Partha Pratim Sengupta has been appointed as its new managing director and chief executive

July 31st is going to be Munshi Premchand’s 140th delivery anniversary this yr, on July 31, i.e. Friday

National Education Policy (NEP) 2020 emphasizes setting up of Gender Inclusion Fund, Special Education Zones for disadvantaged regions and groups

The macro stress tests for credit risk indicate that the GNPA ratio of all SCBs may increase… to 12.5% by March 2021 under the baseline scenario,” the RBI said in its Financial Stability Report, July 2020. “The ratio may escalate to 14.7% under a very severely stressed scenario,” which assumes hypothetically that the GDP would suffer a contraction of 8.9% in 2020-21, the central bank added. In the baseline case, the GDP is assumed to contract 4.4%

National Education Policy 2020 will replace the thirty-four year old National Policy on Education (NPE), 1986.

The Environment Ministers of the five BRICS countries participated in the 6th BRICS Environment Ministers’ Meeting on July 30, 2020. The video conference was held under the Presidency of Russia

The Union Minister of Health and Family Welfare (MoH& FW), Dr. Harsh Vardhan, released an ebook, titled ‘Standard Treatment Guidelines (STG) for the Management of Substance Use Disorders (SUD) and Behavioural Addictions’ virtually. The book was released in the presence of State Minister of (MoH & FW), Ashwini Kumar Choubey. Aim: The book centers the tackling of substance abuses and behavioural addiction of the country. The guidelines in the book were developed by a group that works under the Tobacco control and Drug Dependence and Treatment program

The Asian Development Bank (ADB) and the Green Climate Fund (GCF) have agreed to partner toward a “green recovery” for members confronting the harsh economic impact of the coronavirus disease (COVID-19) pandemic.

Digital India is an umbrella programme that covers multiple Government Ministries and Departments. It weaves together a large number of ideas and thoughts into a single, comprehensive vision so that each of them can be implemented as part of a larger goal.

Each individual element stands on its own, but is also part of the larger picture. Digital India is to be implemented by the entire Government with overall coordination being done by the Department of Electronics and Information Technology (DeitY).

Digital India aims to provide the much-needed thrust to the nine pillars of growth areas, namely Broadband Highways, Universal Access to Mobile Connectivity, Public Internet Access Programme, e-Governance: Reforming Government through Technology, e-Kranti – Electronic Delivery of Services, Information for All, Electronics Manufacturing, IT for Jobs and Early Harvest Programmes. Each of these areas is a complex programme in itself and cuts across multiple Ministries and Departments

The project would be implemented in collaboration with the Food and Agriculture Organisation (FAO) in high-conservation-value landscapes of five States namely, (i) Madhya Pradesh: Chambal Landscape, (ii) Mizoram: Dampa Landscape, (iii) Odisha: Similipal Landscape, (iv) Rajasthan: Desert National Park Landscape and v) Uttarakhand: Corbett-Rajaji Landscape.

The Pandemic Century: One Hundred Years of Panic, Hysteria and Hubris by Mark Honigsbaum, a medical historian at the City University of London (UK), focuses on large-scale outbreaks since 1900. The author uses 9 examples to shine a light on epidemiological blind spots to avoid in future investigations. For example, he suggests that the initial lackluster response to the 1918 influenza pandemic can be attributed in part to false confidence in Richard Pfeiffer’s 1892 discovery of Bacillus influenzae, now known as Haemophilus influenzae. We later learned that H. influenzae occasionally is found in persons with influenza but was not the cause of the pandemic

The Defence Research and Development Organisation (DRDO) has established a COVID-19 testing facility at the Leh-based Defence Institute of High Altitude Research (DIHAR) to enhance the rate of testing to identify coronavirus cases in the Union Territory of Ladakh.

A study by Google, IT industry body Nasscom and think tank ICRIER revealed, one unit increase in Artificial Intelligence (AI) intensity by Indian firms can result in a 2.5 per cent increase in the country’s gross domestic product (GDP) in the immediate term.

During the 5th annual meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB), Jin Liqun was elected President of AIIB for a second five-year term commencing January 16, 2021. The election result was announced by chair of AIIB’s Board of Governors, Liu Kun, who is a Minister of Finance, People’s Republic of China. Under President Jin’s leadership, AIIB has grown from 57 founding members to 103 approved members from around the world

The market cap of Reliance Industries Limited (RIL) on Thursday rose to Rs 13 lakh crore, making it the first Indian company to achieve the feat. The company has gained a market cap of Rs 2 lakh crore over the last month.

Indian Space Research Organisation (ISRO) recently initiated ‘Project NETRA’ – an early warning system in space to detect debris and other hazards to Indian satellites.

The project estimated to cost Rs.400 crore, when in place, will give India its own capability in space situational awareness (SSA) like the other space powers — which is used to ‘predict’ threats from debris to Indian satellites. It also goes so far as to serve as an unstated warning against missile or space attack for the country, experts say.

Under NETRA, or Network for space object Tracking and Analysis, the ISRO plans to put up many observational facilities: connected radars, telescopes; data processing units and a control centre.

The government has appointed former chairman of Coal India, Anil Kumar Jha, as the chairman of a key panel that deals with violation of environment rules.

Prime Minister Narendra Modi jointly inaugurated the new Supreme Court Building of Mauritius along with Mauritian PM Pravind Jugnauth through video conferencing on July 30, 2020

Indian Railway Catering and Tourism Corporation Limited (IRCTC) and SBI Card launched a co-branded contactless credit card, IRCTC -SBI Platinum Card on RuPay Platform to reward the frequent railway (train) travelers. The card is equipped with Near Field Communication (NFC) technology by which users can facilitate their transactions at the point of sale(POS) machines by Tap and Pay Option. This enables consumers to transact safely and securely online. SBI Card: Headquarters– Gurugram, Haryana.

The Ministry of Human Resource and Development (MHRD) has been renamed as Ministry of Education. The decision was taken during a cabinet meeting chaired by Prime Minister Narendra Modi.

The Defence Research and Development Organisation (DRDO) launched ‘Dare to Dream 2.0’, which is an innovation contest.
The contest was launched on the fifth death anniversary of renowned scientist and former President of India Dr APJ Abdul Kalam, the Ministry of Defence

The Grand Ethiopian Renaissance Dam (GERD), formerly known as the Millennium Dam, is under construction in the Benishangul-Gumuz region of Ethiopia, on the Blue Nile River, which is located about 40km east of Sudan. The project is owned by Ethiopian Electric Power Corporation (EEPCO).

India has slipped 10 places to rank 68th on the World Economic Forum’s competitiveness index, largely due to improvements witnessed by several other economies.

Union Minister for Consumer Affairs, Food & Public Distribution Ram Vilas Paswan launched the Bureau of Indian Standard’s Mobile App, ‘BIS-Care’, by which consumers can check the authenticity of the ISI and hallmarked products and also lodge complaints using this app. In addition to this, he also launched 3 portals of e-BIS: standardisation, conformity assessment and training Portals on www.manakonline.in for consumers.

International Tiger Day 2020: It is observed on 29 July to raise awareness about the decline population of wild tigers and encourage the work of conservation of tiger. Let us read in detail about International Tiger Day, its history, significance, and some facts about the tiger

Hollywood veteran actor John Saxon, who passed away, was not only an actor but also a martial artist. He was 83.

International Union of Railways, UIC, Paris, has nominated Director General of 54r2 Railway Protection Force, Arun Kumar, as Vice-Chairman of its security platform.