PV Sindhu in Rio Olympics 2016

PV Sindhu is the first Indian woman to win an Olympic silver medal after a heart breakingly close badminton final, Spain’s Carolina Marin wins 19-21, 21-12, 21-15 against India’s PV Sindhu in the women’s singles badminton final match. It was one step too far for PV Sindhu, who ran into an inspired Carolina Marin in the final with the Spaniard showing just why she is the best women's player in the world at the moment. Looking to become the first Indian woman to win an individual gold medal in the Olympics for India, Sindhu fell short and had to settle for a silver medal at Rio 2016.

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Sports News

1) Jinson Johnson on the right track

• While India's other sporting stars are busy sharing their training pictures or their arrival pictures from Rio, Jinson kissed goodbye to time-consuming social media activities more than five months ago in an endeavour to accomplish his biggest dream in life, qualify for the Olympics. His single-minded focus on achieving his goal paid dividends as he sealed his Rio berth at the Indian Grand Prix held at Sri Kanteerava stadium in Bengaluru when he achieved a personal best of 1:45:98s in the men's 800m to make the cut.

2) Shot put queen Adams eyes golden hat-trick

• Plagued by injury and frustrated at the doping scandals tainting her sport, New Zealand's Valeria Adams says she's intent on winning an unprecedented third women's shot put gold in Rio.

• Few athletes have dominated their event like the towering Adams, who stands 193 centimetres (6ft 4in) tall and weighs a muscular 120 kilograms (265lb, 18st 13lb).

3) Know your Rio Olympics athlete: Dipa Karmakar

• Became the first Indian Women gymnast to qualify for the Rio Olympics, 52 years on from the last time the country had gymnastic representation at the Summer Games. Previously, six gymnasts participated in the 1964 Tokyo Olympics, three in Melbourne 1956 and two in Helsinki 1952.

4) 'Robots' Uchimura and Biles ready to roll

• LONDON: The world's best gymnasts will be hoping the sweat and tears they have shed in training will provide them with the spark they need at the Olympics to pull the plug on two record-chasing champions who have been dubbed "robots".

5) FINA lets two Russian swimmers compete at Rio

• Swimming's world governing body FINA has allowed Russian swimmers Vladimir Morozov and Nikita Lobintsev to compete at the Rio Olympics, TASS news agency quoted their lawyer Artyom Patsev as saying on Tuesday.

• "Yes, Morozov and Lobintsev have been admitted to the Olympic Games by FINA," Patsev told the agency.

• The two swimmers had launched an appeal against the ruling banning them from the Rio Olympics even though they have never failed a doping test.

6) Kromowidjojo says Campbell sisters her biggest challenge

• Reigning Olympic 50m and 100m freestyle champion Ronomi Kromowidjojo says a recent back trouble is no threat to her hopes of a Rio repeat -- but Australia's Cate and Bronte Campbell are.

• "I had a little bit of pain in my lower back but the media blew it all up," the 25-year-old Dutch star said Monday after training at the Olympic Aquatics Stadium.

• "It wasn't an injury, it was just a case of having to be careful, it was just an irritation. I'm fine and feeling really good, great, and really looking forward to racing."

world news

1) China FDI footprint growing in Nepal

• According to Nepal's Department of Industry, China again pledged maximum FDI in Nepal for the fiscal year 2015-16. While China committed $57 million as FDI, India stood third with $18 million.
• As against the $600 million commitment Nepal received in 2014-15, only $140 million was pledged to it in 2015-16, mainly because of the political uncertainty. China's share though remained steady in terms of percentage of total FDI committed. The ouster of KP Sharma Oli has come to China as a setback but Beijing already has too much at stake in Nepal and will look to bounce back just the way it did in Sri Lanka after the shock defeat of Mahinda Rajapaksa two years ago.

2) Wi-Fi aboard planes in Indian skies yet to take off

• Getting Wi-Fi connectivity while flying in India remains a pipe dream for travellers - whether domestic or international.

• For instance, Singapore Airlines (SIA) has Wi-Fi on its Boeing 777s and the Airbus A-380s. While the B-777s have Internet in Indian airspace, it has to be switched off in its A-380s. SIA's internet service provider said this is the result of Indian "regulatory constraints" as local rules require "all satellite operators to establish a communication satellite gateway in India".

• "Inmarsat, our satellite connectivity partner, is engaged in the building of such a gateway," Cecilia Odello from SITAONAIR told TOI.

• The regulatory framework is complex but it is evolving and we are confident that in the future this will be resolved, allowing our customers to connect to Wi-Fi over India very soon," said Patrick Brannelly, Emirates divisional VP (customer experience).

3) Mayawati ex-aide Maurya may join BJP this month

•  In another jolt to Bahujan Samaj Party chief Mayawati, her former close aide Swami Prasad Maurya is all set to join Bharatiya Janata Party. "Decks are clear for Maurya's joining," a senior party member privy to the development told TOI. The former leader of opposition is likely to make a formal switchover in New Delhi on August 8.

4)Samsung Galaxy Note 7 with iris scanner, octa-core SoC launched

• Samsung Galaxy Note 7 comes with an Iris scanner
• The smartphone runs Android 6.0 Marshmallow out-of-the-box
• The Galaxy Note will be available starting August 19

NASA to explore asteroid Bennu during its close encounter with Earth

• A near-Earth asteroid that is coming towards our planet after being dislodged by a gravitational pull can indeed strike us and cause massive destruction, but according to experts, it has a only a one in 2,700 chances of hitting.

•  NASA and the University of Arizona, plans to launch an unmanned spacecraft on September 8 in the efforts to reach Bennu in August 2018.

On-tap bank licence not for big corporates

• Large industrial houses, whose income from non-banking sources is over 40 per cent of total will not be eligible to set up a universal bank in the country, the Reserve Bank of India (RBI) said on Monday. However, they are allowed to pick up 10 per cent stake in banks.

• Final guidelines

1. The central bank has allowed individuals with 10 years of experience in banking and finance, as well as business groups with 10 years’ track record to promote universal banks. For business groups with more than Rs.5,000 crore in total assets to be eligible for a licence, their income from non-financial businesses should not account for 40 per cent or more in terms of total assets/in terms of gross income.
2. Large industrial houses are excluded as eligible entities but are permitted to invest in the banks up to 10 per cent,” RBI said in its guidelines statement.The existing non-banking financial companies (NBFCs) that are controlled by residents and have a successful track record for at least 10 years will also be eligible. However, an NBFC, which is a part of the group where the non-financial business of the group accounts for 40 per cent or more in terms of total assets/gross income, is not eligible, the banking regulator clarified.
3. The bank should have a minimum capital of Rs.500 crore and should list on the stock exchanges within six years of commencing operations, RBI said. The bank shall open at least 25 per cent of its branches in unbanked, rural centres. The bank should also maintain a capital adequacy ratio of 13 per cent in the first three years of operation as compared to 9 per cent in existing banks.