• International

Treasurer Scott Morrison has been elected the new Prime Minister of Australia

• Treasurer Scott Morrison has been elected the new Prime Minister of Australia after winning an internal vote of 45-40 against former Home Affairs Minister Peter Dutton.
• Morrison will take over the charge as PM from Malcolm Turnbull.

• International

The World Bank launched ‘bond-i',

• The World Bank launched ‘bond-i’, the world’s first bond to be created, allocated, transferred and managed by using distributed ledger technology.
• This two-year bond successfully raised 110 million Australian dollars (USD 80.48 million).

• Economy and Business

Indian economy is expected to grow by about 7.5% in 2018 and 2019.

• According to the Moody’s Investors Service’s report, the Indian economy is expected to grow by about 7.5% in 2018 and 2019.
• The title of the report is ‘Global Macro Outlook‘ for 2018-19.

• Economy and Business

RIL became the first Indian company to cross ₹ 8 lakh crore market capitalization

• Reliance Industries Limited (RIL) became the first Indian company to cross ₹ 8 lakh crore market capitalization on 23 August, 2018.
• The market valuation of Reliance Industries crossed the $100-billion mark in July 2018.

• Sports

Jhulan Goswami has announced her retirement

• Jhulan Goswami has announced her retirement from Twenty20 Internationals (T20I).
• In her T20I career she took 56 wickets from 68 matches at an average of 21.94.

• Sports

Rohan Bopanna and Divij Sharan won the gold medal in the men’s doubles tennis

• India’s Rohan Bopanna and Divij Sharan won the gold medal in the men’s doubles tennis event at the ongoing 18th Asian Games 2018.
• India’s Rohan Bopanna and Divij Sharan defeated Kazakhstan’s Aleksandr and Denis to win the gold medal.

• Sports

The Indian rowing team won the gold medal

• The Indian rowing team won the gold medal in the Men’s Quadruple Sculls at the ongoing Asian Games in Indonesia.
• The Indian rowing team comprised of Sawarn Singh, Dattu Bhokanal, Om Prakash and Sukhmeet Singh.

• Important Days

The Indian Railways tests semi-high speed “Train 18”

• The Indian Railways will start the testing of the indigenously built semi-high speed “Train 18” from September 2018.
• Train 18 will be the first engine-less train of Indian Railways meant for inter-city travel.

• Science and Tech

NASA will be launching a laser satellite

• NASA will be launching a laser satellite that will measure changes in the heights of Earth’s polar ice to understand what is causing ice sheets to melt fast.
• The name of the satellite is ‘Ice, Cloud and Land Elevation Satellite-2 (ICESat-2)‘.

• Miscellaneous

The Odisha government approved a proposal for setting up a Legislative Council

• The Odisha government approved a proposal for setting up a Legislative Council (LC) in the state.
• The proposed Legislative Council will have 49 members.

• Miscellaneous

The National Green Tribunal has formed a three-member committee

• The National Green Tribunal (NGT) has formed a three-member committee to decide Vedanta’s plea challenging closure of its Sterlite copper plant at Tuticorin.
• The committee will be headed by former Punjab and Haryana High Court Chief Justice S J Vazifdar.