The book titled “Quest for Restoring Financial Stability in India” authored by former Reserve Bank of India (RBI) deputy governor Viral V.Acharya. The book is published by SAGE Publications India Pvt Ltd. The book portrays his quest to restore financial stability in India and offers a concrete plan for sustained improvement

Tunisian President Kais Saied appointed Hichem Mechichi (46-year-old), Interior Minister as its new Prime minister. He has a month to form a government i.e., should be capable of winning a confidence vote in parliament by a simple majority. He succeeded Elyes Fakhfakh, who resigned over allegations of a conflict of interest.

Walmart-owned Flipkart has launched a hyperlocal 90-minute delivery service called Flipkart Quick in Bengaluru across categories including grocery, mobiles, electronics and home accessories.

With this launch, the company has also forayed into fresh fruits and vegetables, as well as meats and milk on its platform. These new business verticals will also be operated through partnerships, for instance, for fresh fruits and vegetables, the company has partnered with Ninjacart.

The Indian economy will contract by 6.1 percent in the April-June quarter and is likely to expand only in the December quarter, a Japanese brokerage said on Monday, expecting another 0.75 percent cut in rates by the RBI to push growth in 2020. The conventional approach to rate-setting which involves a sharp focus on inflation will take a backseat and growth concerns will be accommodated, Nomura said in a report after the monetary policy committee (MPC) minutes were made public.

Haryana will host the fourth edition of the Khelo India Youth Games after the 2021 Tokyo Olympics, the state’s chief minister Manohar Lal Khattar and union sports minister Kiren Rijiju announced. The Games will be held in Panchkula

Tata AIA Life Insurance has appointed Naveen Tahilyani as the new Chief Executive Officer & Managing Director. This is subject to regulatory approval from Insurance Regulatory and Development Authority of India (IRDAI)

andiben Patel has been given charge of Madhya Pradesh until the appointment of regular incumbent, an official communiqué issued by Rashtrapati Bhavan said

President of Somalia, Mohamed Abdullahi Farmajo appointed Deputy Prime Minister Mahdi Mohammed Gulaid as the interim Prime Minister of Somalia following the impeachment of Hassan Ali Khaire, the previous Prime Minister of Somalia

Air Marshal Vivek Ram Chaudhari has been appointed as the new commander-in-chief of the Indian Air Force’s Western Air Command (WAC) which looks after aerial defence of the sensitive Ladakh sector as well as various other parts of North India, officials said. He is set to take charge of the Delhi headquartered command on August 1, succeeding Air Marshal B Suresh,

Reliance Industries Limited (RIL) became the world’s second most valuable energy company, overtaking American oil giant ExxonMobil after its market capitalization (m-cap) reached over Rs 14 lakh crore (14.1 trillion or USD 189.3 billion). Aramco tops the list. ExxonMobil has an m-cap of USD 184.7 billion. It is to be noted that no Indian company has ever crossed the m-cap of Rs 14 trillion

Swarna Jayanti Fellowships have been awarded to 14 Indian Scientists

To commemorate India’s fiftieth year of Independence the fellowships were awarded

A selected number of young scientists, with proven track record, are provided special assistance and support to enable them to pursue basic research in frontier areas of science and technology. It is scientist specific and not institution specific

Indian-origin nurse in Singapore has been conferred with the President’s Award for Nurses for serving on the frontline during the COVID-19 pandemic.

Kala Narayanasamy was among the five nurses given the award. Each recipient was awarded a trophy, a certificate signed by President Halimah Yacob and SGD 10,000 (USD 7,228)

Japan approves dexamethasone to treat Covid-19 patients

Prime Minister Narendra Modi inaugurated three new high-throughout ICMR COVID-19 testing labs in Noida, Mumbai and Kolkata on July 27, 2020. During his virtual address, the Prime Minister highlighted that the labs will not remain restricted to testing COVID samples

Reserve Bank of India (RBI) has agreed to a USD 400 million currency swap facility for Sri Lanka, valid till November 2022. This will help Sri Lanka to meet its short-term international liquidity requirements and to boost its foreign exchange reserves following the economic crisis resulting from COVID-19.

In the review meeting of “Char Dham Road Project” over a virtual platform, Prakash Javadekar, the Union Minister of Environment, Forest and Climate Change(MoEF&CC) informed the approval of the Zonal Master Plan (ZMP) of Bhagirathi Eco-Sensitive Zone by the Ministry Environment, Forest and Climate Change(MoEF&CC) on 16th July 2020.

The Shanti Swarup Bhatnagar Prize for Science and Technology (SSB) is a science award in India given annually by the Council of Scientific and Industrial Research (CSIR) for notable and outstanding research, applied or fundamental, in biology, chemistry, environmental science, engineering, mathematics, medicine and physics.

APJ Abdul Kalam was an aerospace scientist and a phenomenal teacher who served as the 11th President of India from 2002 to 2007, and widely referred to “People’s President”.

He collapsed while delivering a lecture at Indian Institute of Management (IIM)-Shillong and died from an apparent cardiac arrest on July 27, 2015.