Quit India Movement Day, also known as August Kranti Day, is a significant date in India’s history that commemorates the launch of the Quit India Movement in 1942. This pivotal moment in India’s struggle for independence from British colonial rule called for the immediate withdrawal of British forces from India.
Led by Mahatma Gandhi, the movement mobilized millions of Indians in a non-violent civil disobedience campaign against British colonialism.
Rashtriya Vigyan Puraskar 2024 Announced
In a significant move to recognize and honor outstanding contributions to science, technology, and innovation, the Indian government has announced the inaugural Rashtriya Vigyan Puraskars.
This new award system, replacing over 300 previous awards from various science departments, aims to celebrate the achievements of academics, technologists, and inventors across the country.
Deloitte India Predicts Economic Growth Between 7% and 7.2% in FY25
Deloitte’s India Economic Outlook for August 2024 predicts strong economic growth between 7.0% and 7.2% in FY25, driven by robust economic fundamentals. This surpasses the Economic Survey’s prediction but aligns with the Reserve Bank of India’s outlook. However, Deloitte also pegs FY25 GDP growth at 6.6%, raising its FY24 prediction.
RBI Hikes UPI Limit for Tax Payments to Rs 5 Lakh per Transaction
In a move aimed at boosting digital payments and facilitating larger transactions, the Reserve Bank of India (RBI) has increased the upper limit for tax payments through the Unified Payments Interface (UPI) to Rs 5 lakh per transaction from the previous limit of Rs 1 lakh.
This decision is expected to provide convenience to taxpayers, especially for high-value transactions, and is part of the RBI’s ongoing efforts to promote digital payments and reduce reliance on cash transactions.
Indian Army Conducts ‘Parvat Prahaar’ Exercise in Ladakh
The Indian Army has conducted a strategic military exercise, ‘Parvat Prahaar’, in Ladakh, focusing on high-altitude warfare and operations. This exercise is crucial for maintaining the readiness and effectiveness of the Army in the region, which is close to the India-China border.
Andhra Scraps 2-Child Policy For Individuals To Contest Local Body Polls
The Andhra Pradesh government has decided to scrap the two-child norm for contesting local body elections in view of the declining fertility rate in the state. The decision was taken at the meeting of the state Cabinet, chaired by Chief Minister N Chandrababu Naidu, on August 2024.
Agreed to amend the Andhra Pradesh Municipal Corporation Act-1955, Andhra Pradesh Municipal Corporation Act-1965 and Andhra Pradesh Panchayat Raj Act-1994 to bar communities having more than two children from participating in municipal and panchayat elections.
China to Launch Satellite Constellation to Rival Musk’s Starlink
China is close to launching its first batch of satellites for a mega constellation aimed at rivaling US company SpaceX’s Starlink Internet network. As reported by Xinhua, state-run Shanghai Spacecom Satellite Technology (SSST) launched the first components on the network. SSST’s constellation has been named “Thousand Sails.”
Pilgrimage to Shri Baba Buddha Amarnath Commences in J&K
In Jammu and Kashmir, the 10-day pilgrimage to Shri Baba Buddha Amarnath in the Loran Valley of Poonch district began and will conclude on the 19th of this month, coinciding with Sawan Purnima and Raksha Bandhan. The journey is marked by tight security and significant arrangements to accommodate the influx of pilgrims.