• IAF launched an IAFs facilitation cum publicity pavilion in Delhi.

The Indian Air Force launched an IAF's facilitation-cum-publicity pavilion in Delhi. It was inaugurated by Union HRD Minister Ramesh Pokhriyal on 31 July. It has a flight simulator. IAF also launched a new 3D mobile-based video game 'Indian Air Force: A Cut Above' based on the missions of the force. It was launched by Air Chief Marshal B S Dhanoa.


About special pavilion:

The special pavilion is the second pavilion in Delhi, after the one at T3 terminal of the airport. It is a unique and technologically advanced set-up broad comprising of a flight simulator and various exhibits, including models of fighter jets, like Mirage-2000, Rafale, Sukhoi, Jaguar.

Aim of 3D Game:

The new facilitation-cum-publicity pavilion of IAF-themed mobile game has been designed to raise awareness among the youth about the IAF. It has been set up to inspire them to take up a career in the Air Force. 
It will connect to more than 7.5 lakh children and showcase the powers of the IAF.

  • Hegde Kageri to be the next speaker of Karnataka assembly.
Vishweshwar Hegde Kageri, Senior BJP MLA, has been selected to become the next speaker of Karnataka assembly. He was the only candidate to file his nomination papers for the post on 30 July. The place fell vacant after K R Ramesh Kumar quit on 29 July.


Vishweshwar Hegde Kager:

Kageri is a six term MLA from Sirsi. He has also served as the Minister for Primary and Secondary Education in the BJP Government of Karnataka. He was elected to the Karnataka assembly fromAnkola assembly seat in 1994.

  • Cabinet approved the setting up of ISRO Technical Liaison Unit (ITLU) in Moscow.
The Union Cabinetapproved the setting up of ISRO Technical Liaison Unit (ITLU) in Moscow. The move comes as the India Space Research Organisation's (ISRO) cooperation with Russia on the Gaganyaan project, India's human space mission programme. The process has been planned to be completed within six months from the date of approval.

Cost estimated:

The cost estimated for the project is about Rs.1.5 crore per annum. It is expected to be incurred at ISRO Technical Liaison Unit (ITLU) towards salary, office expenses, rent and taxes etc.

ISRO’S ITLU:

The ISRO Technical Liaison Unit (ITLU) at Moscow will provide effective technical coordination for timely interventions on diversified matters with Russia and neighbouring countries for realization of the programmatic targets of ISRO.
The ITLU Moscow office will be managed by an ISRO scientist or engineer designated as Counsellor (Space) on deputation and supported by the staff sourced locally.          
ISRO’s Gaganyaan programme requires development of some of the key technologies and establishment of specialized facilities, which are essential to support life in space. ISRO will be able to collaborate with Space agencies/industries in Russia and neighbouring countries for mutually synergetic outcomes.

  • Postal department decides to convert India Post Payments Bank to a SFB.
The postal department decided to convert the India Post Payments Bankinto a small finance bank It is enabling it to offer small loans to customers..The department looks to open one crore accounts for IPPB in 100 days.
The decisions were taken at the annual Heads of Circles Conference. The conference held at Srinagar in Jammu and Kashmir from July 29-31, 2019.The main aim is to adopt a 100-day action plan and a five-year vision to align the Department of Posts with the Prime Minister's New India initiative. The decision included "Converting the India Post Payments Bank (IPPB) into a Small Finance Bank (SFB) 
Main Aim: To provide micro-credit at the doorsteps to individuals and SME's. Targeting the milestone of one crore accounts for IPPB in 100 days" among several other steps.India Post will partner with Common Service Centre to provide a suite of citizen-centric services such as banking, remittance, insurance, DBT, bill and tax payments, etc at post offices. The postal department decided to develop infrastructure to extend the reach of the e-commerce industry to tier 2 and 3 towns as well as to rural areas by investing in 190 parcel hubs80 Nodal Delivery Centers and a Pan India Road Transport Network.

  • Government aims to enrol 150 million workers under PM pension scheme.
Union government enrol around 150 million workers over the next three years under the scheme Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM). The pension scheme will benefit a large pool of people who earn less but form a large part of the labour market. The National Democratic Alliance (NDA) government is targeting the bottom of the pyramid through various policy interventions, realising that they are a significant political constituency.


Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Scheme

The government is likely to achieve the 150 million number over the next two to three years. The total enrolment, 50-60 million workers will be from the construction sector.The government announced the scheme in February 2019 interim budget, promising to provide pension of ₹3,000 per month. There is a monthly contribution till the age of 60 years to get an assured pension of ₹3,000 every month.The 18-year-old starts out by paying ₹55 per month, which moves up to ₹80 at the age of 25, and ₹105, ₹150 and ₹200 for those aged 30, 35 and 40, respectively. When a regular contributor dies before the age of 60, the spouse will be entitled to join and continue the scheme by regular contribution or exit the scheme. Around 8% of the labour market are formal sector employees and social security benefits, including provident funds, pensions available.