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Union Government releases Rs 2,000 crore for Employees’ Pension Scheme

Union Government has released 2,000 crore rupees to Employees’ Pension Scheme (EPS), 1995 as its contribution for the year 2015-16. 

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Union Government launches SAHAJ scheme for online release of new LPG connections

Union Government has launched SAHAJ scheme for online release of new LPG connections for the consumers as parts of its consumer friendly initiative. 

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Govt caps kerosene subsidy at Rs 12 per litre and Rs 18 per kg for LPG

On 10 August Central government has capped the subsidy payout on kerosene at Rs. 12 per litre and Rs. 18 per kg for LPG and notifies

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Government approves MoU between India and America to establish PACEsetter Fund

The Union Cabinet gave its ex-post-facto approval for the Memorandum of Understanding (MoU) between American and India to establish the PACEsetter Fund. 

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Japan nuclear reactor for first time start operations since Fukushima Nuclear disaster

Japan for the first time has switched on a nuclear reactor nearly two years after all nuclear power stations were closed aftermath of the Fukushima disaster of 2011.

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Greece agrees bailout deal ‘in principle’ with its creditors

Greece has agreed a new in principle multi-billion euro bailout deal with its creditors. It was announced by the European Commission (EC) 

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India signs Financing Agreement with World Bank for NCRMP Projects

On 11 August 2015 Government of India and the World Bank signed the Financing Agreement for the assistance of National Cyclone Risk Mitigation Project- I & II (NCRMP- I & II) for $ 104.00 Million 

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High-intensity earthquake hits Hindukush region in Afghanistan

A high-intensity earthquake has struck the Hindukush region in Afghanistan. As per India Meteorological Department (IMD) 

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China’s Phicomm to invest $1 billion to set up India units

Phicomm, a Shanghai-based smartphone maker has announced to invest around 6400 crore rupees in India by 2017.

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India’s social security pact with Canada comes into force

The social security pact between India and Canada which was approved by Union Cabinet in 2013 comes into force after two years of long waiting. 

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