India-born Gita Gopinath became the first woman and second Indian to feature on the 'wall of former chief economists' of the International Monetary Fund (IMF).
Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC).
The reforms include loosening restrictions on foreign institutional investors' (FPIs') ability to invest in the debt market and raising the automated route's external commercial borrowing (ECB) cap from USD 750 million or its equivalent to USD 1.5 billion.
Prime Minister Narendra Modi has urged citizens to hoist the national flag of India at their homes and offices between August 13 and 15 to strengthen the Har Ghar Tiranga Movement.