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- The Reserve Bank of India has permitted resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to International Financial Services Centres (IFSCs) in the country. The decision of the RBI is aimed at deepening the financial markets in the IFSCs and providing an opportunity for resident individuals to diversify their portfolios. The RBI has reviewed the extant guidelines on LRS and decided to permit resident individuals to make remittances under LRS to IFSCs set up in India under the Special Economic Zone Act, 2005.
- Ajai Malhotra became the first Indian to be elected as the Chairperson of the United Nations Advisory Committee of the Human Rights Council. He has been on the Indian team negotiating issues such as biological diversity, climate change, desertification, education, energy, forestry, health, human rights, human settlements, intellectual property, international law, labour, ozone depletion, sustainable development and trade.
- Former Royal Challengers Bangalore (RCB) superstar and South African all-rounder Chris Morris shattered all records at the Indian Premier League (IPL) 2021 auction in Chennai. Rajasthan Royals went all-out for the South African all-rounder Morris, buying him for a whopping INR 16.25 crore.
History on this Day:
(1946) Giants outfielder Danny Gardella is 1st major leaguer to announce he is jumping to the “outlaw” Mexican League