Business
- 3 major telecom companies – Airtel, Vodafone and Idea has rolled-out which new verification facility for mobile connections from 24 August 2016 : Instant Aadhaar based eKYC
- Reliance Infrastructure Ltd (RInfra) on 22 August 2016 notified that it has completed 100 percent sale of Reliance Cement Company Private Limited (RCCPL) to which cement company : Birla Corporation Limited
Economy
- The Cabinet on 24 August 2016 approved signing of a new air services agreement between India and Fiji that would allow Indian airlines to fly to any point in the island nation. The pact is for revising the ASA, which was entered into in which year : January 1974
Finance
- Which Indian bank on 24 August 2016 notified that it will raise up to Rs 11,000 crore through Basel III compliant debt instruments on a private placement basis : State Bank of India
- In another major step in fight against tax evasion, the Cabinet on 24th August 2016 gave its approval to the revised DTAA (Double Taxation Avoidance Agreement) between India and Cyprus that provides for source-based taxation of capital gains on transfer of shares instead of one based on residence. India and Cyprus have a DTAA since 1994 and Cyprus is a major source of foreign funds flows into the country. With the revision of the treaty now approved by the Cabinet what is the benefit that Indian government can take of that : Capital gains will be taxed in India for entities resident in Cyprus, subject to double tax relief
General
- On 23 August 2016 Panama-based shipping company and its two Qatar-based sister concerns are ordered to pay Rs. 100 cr. as damages for causing an oil spill which cargo vessel when a cargo vessel sank off Mumbai coast during August 2011 by the National Green Tribunal (NGT) : MVRak
- Union Information & Broadcasting Minister on 24 August 2016 unveiled the official poster for the BRICS film festival that will be conducted between 2 September to 6 September at which Auditorium in New Delhi : Siri Fort Auditorium in New Delhi
- In a major change to the surrogacy laws in India, the cabinet has approved the surrogacy amendment bill 2016 on 24th August 2016. In this amendment, government has decided to completely ban commercial surrogacy in the country
International
- The New World Wealth in August 2016 released the report titled The W10: The 10 wealthiest countries in the world. As per the rankings in the report, India stood at what position among the richest country in the world with a total individual wealth of 5.6 trillion US dollars (The United States topped the list with total individual wealth held at 48900 billion US dollars) : 7th (Seventh) Position
- Singapore’s longest serving former president died on 22 August 2016 at the age of 92 (1924 in the family of Indian Tamil descent in Straits Settlements of Singapore). He was of Indian-origin and the sixth and longest-serving President of Singapore. What is his name : Sellapan Ramanathan
Sports
- Which India’s ace tennis player was on 22 August 2016 topped the ATP Women’s Doubles Tennis rankings after she recently ended her partnership with Martina Hingis after three Grand Slam victories and 11 WTA doubles titles together. Hingis was figured at the second sport with 10945 points behind Sania’s 11260 points : Sania Mirza
- The International Kabaddi Federation (IKF) on 22 August 2016 announced that the 2016 Kabaddi World Cup will be hosted at which city in India between 7 October 2016 to 22 October 2016 : Ahmedabad, Gujarat
Technology
- Which state in India became the first country on 20 August 2016 that has launched the DNA Index System (DIS) for DNA (Deoxyribonucleac acid) profiling of criminals. The system uses the latest DNA technology tool, known as RapidHIT DNA System, developed by IntegenX of United States : Andhra Pradesh