Lieutenant General Gurmit Singh, who retired as the Deputy Chief of Army, was appointed the Governor of Uttarakhand.
Lt Gen Singh superannuated from the Army in February 2016 after nearly four decades of service, during which he held prestigious appointments of Deputy Chief of Army Staff, Adjutant General and Corps Commander of Strategic XV Corps that overlooks the Line of Control in Kashmir.
The President also ordered shuffling of governors of some states which includes shifting Banwarilal Purohit from Tamil Nadu to Punjab.
The Centre’s interlocutor and retired IPS officer RN Ravi has been shifted from Nagaland to Tamil Nadu as its new Governor. Jagdish Mukhi, at present Governor of Assam, has been appointed to discharge the functions of the Governor of Nagaland.
India’s inflation based on wholesale price index (WPI) rose 11.39% YoY in August 2021 compared with 0.41% in August 2020.
The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum & natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc.
The food articles segment witnessed a (-) 1.29 per cent change in August. In the month prior to that, this was zero per cent.
Vegetable prices contracted (-)13.30 per cent in August, against (-) 8.73 per cent in July.
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) announced a project to link their respective fast payment systems — Unified Payments Interface (UPI) and PayNow.
UPI is India’s mobile based, ‘fast payment’ system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address (VPA) created by the customer.
PayNow is the fast payment system of Singapore which enables peer-to-peer funds transfer service, available to retail customers through participating banks and Non-Bank Financial Institutions (NFIs) in Singapore.