* An Air Algerie jetliner carrying 116 people crashed in a rainstorm over restive Mali. Its wreckage was found near the border of neighboring Burkina Faso. * Naval forces from India, Japan and the United States are participating in exercise Malabar 2014. Economic & Business – * National Geographic launched a special edition of Explorer magazines for schoolchildren in India. * The Union Cabinet gave go-ahead to FDI cap hike in insurance to 49 per cent. * The Union Government revised investment target for Dedicated Freight Corridor (DFC) from 27000 crore rupees to 80000 crore rupees. Banking - * The Reserve Bank of India (RBI) has proposed a Trade Receivables Discounting System (TReDS), which would be a scheme for setting up and operating the institutional mechanism for facilitating the financing of trade receivables of Micro, Small & Medium Enterprises (MSMEs). * Important days – * 15th anniversary of Kargil Vijay Diwas was celebrated across India. Kargil Vijay Diwas is on 26th July. * The first International Gaucher Day will be celebrated on Saturday 26th July 2014.
Posted on: Fri, 01 Aug 2014 14:26:41 +0000
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