• Union Government fixes an inflation target of 4 percent for five years
• Rio Olympics 2016 starts with a glittering ceremony in Rio De Janerio
• Union Government launches MAA, nation-wide breast feeding programme

The Union Government has launched MAA (Mothers̢۪ Absolute Affection), a nation-wide breast feeding programme. It was launched by Union Health Minister & Family Welfare J P Nadda along with Bollywood actress Madhuri Dixit who is brand ambassador of this campaign.

China has successfully launched the first satellite dubbed as The Tiantong-01 for mobile telecommunication.

The Union Government has set an inflation target of four per cent for the next five years i.e. till March 31, 2021.

The 31st edition of Summer Olympic Games opened in the Brazilian city of Rio de Janeiro.

Eminent Assamese litterateur Mahim Bora died due to old age problems in Guwahati, Assam. He was 92.

• Gujarat HC quashes 10% quota for economically backward classes
• RBI launches portal to curb illegal money
• Nita Ambani becomes first Indian woman member of IOC

The Reserve Bank of India (RBI) has launched a website (sachet.rbi.org.in) to curb illegal and unauthorised pooling of funds by unscrupulous firms.

Noted sports promoter and founder chairperson of Reliance Foundation, Nita Ambani was elected as an individual member of International Olympic Committee (IOC).

The Gujarat high court has quashed 10 percent reservation quota for the economically backward classes (EBCs).

The United States declared Pakistan based Jamaat-ur-Ahrar (JuA) as a ‘terror group’ by adding it to its list of global terrorists.

The Delhi High Court has ruled that the National Capital Territory (NCT) of Delhi continues to be a Union Territory (UT) under the administrative control of the Lt Governor (LG).