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Rio Olympics 2016: Narsingh Yadav gets four-year suspension
i. The Court of Arbitration for Sport (CAS) has banned wrestler Narsingh Yadav for four years following an appeal by World Anti-Doping Agency (WADA).
ii. The CAS also ruled to disqualify all the competitive results obtained by Narsingh from 25 June 2016.
iii. The CAS panel further stated that there was no evidence to accept his claim that his food/drink was spiked.
iv. Yadav, whose suspension begins immediately

Gujarat govt, Railways ink pact to develop Surat station
i. The Railways, Gujarat government and Surat Municipal Corporation have signed an agreement to develop Surat station under the Public Private Partnership model.
ii. This tri-party agreement was signed here today in the presence of Union Railway Minister Suresh Prabhu, Gujarat Deputy Chief Minister Nitin Patel and Surat mayor Asmita Siroya.

Sunshine, seaweed help to break down dye waste
i. Scientists at the Central Salt & Marine Chemicals Research Institute (CSMCRI), Bhavanagar, Gujarat have been able to completely degrade three industrial dyes — methyl orange, methylene blue and reactive black-5 — in the presence of sunlight.
ii. The researchers developed a photocatalyst using titanium dioxide doped with red seaweed polymer carrageenan to degrade the dyes.

Dutch apparel brand Scotch & Soda drops Myntra for Reliance
i. Dutch apparel brand Scotch & Soda which was being sold exclusively on Myntra.com, has struck a long-term partnership with Reliance Brands to open its stores in India.
ii. The e-commerce rights for the brand will also move to Reliance at a time when fashion retailers are looking to deploy a multi-channel strategy of having physical stores as well as a notable online presence.

World’s largest aircraft embarks maiden flight
i. The world’s largest aircraft the ‘Airlander 10′ has embarked its maiden flight at an airfield in Cardington in central England. It is a hybrid airship made by Hybrid Air Vehicles in United Kingdom.
ii. Its successful flight comes 85 years after another airship the ill-fated R101 took off in October 1930 from the same airfield before crashing in France.

Union Cabinet approves liberalization of FDI norms for NBFCs
i. The Union Cabinet has approved liberalization of foreign investment norms for the non-banking finance companies (NBFCs) to improve the ease of doing business.
ii. Decision in this regard, Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi.
iii. Foreign investment in NBFCs can now come under the automatic route provided they are regulated by any of the financial sector regulators.

1st National Conference of Investigating Agencies concludes
i. The first National Conference of Investigating Agencies was held from August 12 to 13, 2016 at Vigyan Bhawan in New Delhi.
ii. The two-day conference was inaugurated by the Union Home Minister Rajnath Singh. The conference was attended by more than 100 delegates from States/UTs/Central Police Organisations.

Shashi Shekhar Committee submitted report to NGT
i. The Shashi Shekhar Committee was in news in the third week of August 2016 as the NGT directed Sri Sri Ravi Shankar’s Art of Living (AOL) to submit its response within three weeks on the inspection report.
ii. The report of the expert committee dealt with the damage caused to the Yamuna flood plains due to the World Culture Festival.
iii. The festival was organised by the AOL in March 2016 along the River Yamuna in New Delhi.
iv. The 5-member committee was formed by the National Green Tribunal (NGT) in the wake of allegations that the festival caused extensive damage to the biodiversity and aquatic life of Yamuna.

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