Iran demanded the UN's top court to suspend U.S. nuclear-linked sanctions against Tehran, accusing Washington of plotting its economic strangulation.
The Islamic Republic launched a suit at the International Court of Justice over U.S. President Donald Trump's decision to reimpose the sanctions that had been lifted in a 2015 accord.
US and Mexico Reach NAFTA Deal
The US and Mexico agreed to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact.
A deadline set by India's central bank to restructure an estimated 3.6 trillion rupees ($52 billion) of stressed loans may push dozens more companies into bankruptcy.
The Reserve Bank of India in February introduced new rules and a 180-day timeline for banks to recast loans once payments are missed, scrapping previous methods that could take an indefinite amount of time.
India has one of the worst bad-loan ratios among the world's 10 largest economies.
RCom Sells Fibre Assets to Jio
Anil Ambani-led Reliance Communications Ltd. (RCom) sold its fibre and related infrastructure assets, worth Rs. 3,000 crore, to the Mukesh Ambani-led Reliance Jio Infocomm (RJio).
Escorts Inks JV Pact with Tadano
Farm and construction equipment maker Escorts is setting up a joint venture (JV) with Japan's Tadano to manufacture rough terrain and truck-mounted cranes in the country. Tadano, which is Japan's largest mobile crane manufacturer, would hold 51% stake in the JV with Escorts chipping in with the rest 49%
Neeraj Chopra won gold in the men's javelin throw and Sudha Singh, Neena Varakil and Dharun Ayyasamy clinched silver medals in their respective events.
SpiceJet operated India's first test flight powered by biojet fuel.
The flight was powered with a blend of 75 per cent air turbine fuel (ATF) and 25 per cent biojet fuel.
The advantage of using biojet fuel as compared to ATF is that it reduces carbon emissions and enhances fuel efficiency.
Flying Drones Will Be Legal from December
According to the regulations for use of Remotely Piloted Aircraft System (RPAS) released by the civil aviation ministry, individuals and companies will be able to fly drones from December 1, 2018, in areas other than those barred for security reasons.
Operators will be able to apply for permissions and get instant approvals through a portal (Digital Sky Platform) for the use of drones for photography and recreational purposes. The commercial use of drones �" as taxis, delivery vehicles, or other services �" will not be allowed as of now.
Nadda Unveils Ayushman Bharat Logo
Union health minister JP Nadda said that the unique quick response (QR) code will be sent on September 5 to each identified family to avail of an annual cashless health insurance cover under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojna (AB-PMJAY).
The government is in the process of identifying beneficiaries at the moment and we have covered 85% of the rural population and 60% of the urban population. It is an ongoing process so we will continue it till we have all beneficiaries covered.
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