- The shipping and railway ministries along with Madhya Pradesh and Maharashtra governments entered into a pact to implement around Rs 9,000 crore Indore-Manmad rail project.
- The Cabinet approved an increase of 79.3% in the project outlay for setting up the India Post Payments Bank to Rs.1,435 crore.
- Maharashtra Mahabaleshwar has become the wettest place in India this year, leaving behind Meghalaya’s Cherrapunji.
- Senior diplomat Ruchi Ghanashyam has been appointed as India’s next High Commissioner to the United Kingdom.
- Life Insurance Corporation (LIC) will buy 7 per cent equity stake in IDBI Bank.
- Warren Buffett’s Berkshire Hathaway Inc has acquired Rs 2,500 crore stake in India’s biggest digital-payments firm Paytm, its first investment in the country’s burgeoning startup ecosystem.
- The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the trade cooperation framework between India and Rwanda.
- Dr. K. Vijay Raghavan, Chief Scientific Advisor to the Government of India, has been made the Chairman of the Prime Minister’s Science, Technology and Innovation Advisory Council.
- India will take part as a partner country in the Izmir International Trade Show to be held in Istanbul from September 7.
- The Union Cabinet has approved the signing of Memorandum of Understanding (MoU) between India and Bulgaria for strengthening cooperation in the field of Tourism.
Current Affairs 30 August 2018
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