Daily Current Affairs: January 12, 2017

Airtel rolls out payments bank, to invest Rs 3,000 crore

Finance Minister Arun Jaitley inaugurated Airtel Payments Bank of Bharti Enterprises, which is being rolled out across the country with an investment of Rs 3,000 crore.

  • Airtel Payments Bank is the first among several such niche banks to start operations, after the central bank handed over new permits to bring financial services within the reach of millions who still lack access to formal banking.
  • While Bharti Airtel has 80 per cent stake, Kotak Mahindra Bank has 20 per cent stake in Airtel Payments Bank.

Bharti Airtel bags ‘Best Governed Company’ award from ACCGS

Bharti Airtel, India’s biggest mobile carrier and the third-largest globally by subscriber base, received the ‘Best Governed Company Award’ at the 4th Asia Business Responsibility Summit organised by the Asian Centre for Corporate Governance & Sustainability (ACCGS).

India’s contribution to world GDP to reach 17% this yr: PwC

Asia will remain the fastest growing region of the world, but the spotlight will shift away from China to India and Indonesia, PwC’s global economy watch (GEW) said.

  • India grew fastest among major economies worldwide at over 7.5 per cent in 2016 and will continue to drive global growth in 2017 with its share in the world GDP expected to rise to 17 per cent according to PwC.

Govt hikes minimum pension for central govt employees to Rs 9000

The minimum pension has been increased to Rs 9,000 per person besides a two-fold hike in ex-gratia amount for central government employees.

4 Day National Youth Festival with the theme Youth for Digital India begins

21st National Youth Festival with the theme “Youth for Digital India” begins in Rohtak, Haryana. At the inaugural ceremony of the 4 day festival, the Prime Minister Shri Narendra Modi addressed the Youths from across country who have come to Rohtak to participate in the event through video conference. The Mascot of the festival is ‘Lado‘.

India’s first Madame Tussauds museum to open in Delhi in June

World famous wax museum Madame Tussauds is set to debut in India in New Delhi in June, with Prime Minister Narendra Modi, Bollywood megastar Amitabh Bachchan and American pop star Lady Gaga’s statues as some of the star attractions.

  • This is the 23rd branch of Madame Tussauds across the world.

Sex ratio in Haryana touches 900-mark for first time in 20 years

Sex ratio at birth (SRB) in the State this past year touched the 900-mark for the first time in almost two decades.

  • The Prime Minister chose Haryana to launch the ‘Beti Bachao, Beti Padhao’ campaign in January 2015. Two years later, Haryana, saw a historic turnaround.

Airbus France to set up aerospace, defence cluster at Dholera

Airbus France signed an MoU with Gujarat government’s Dholera Industrial City Development Ltd (DICDL) for setting up an aerospace and defence cluster at Dholera Special Investment Region near Ahmedabad, Gujarat.

Gujarat to ink MoU with Railways to make parts for bullet train

In a major boost to small and medium industries in the state, the Gujarat government has signed a memorandum of understanding with the Indian Railways for manufacturing parts of the bullet train (high speed train) with a value of Rs. 67,000 crore.

Atos and Nasscom Foundation set up NDLM centers in Vadodara, Gujarat

Digital services firm Atos and the Nasscom Foundation announced the launch of National Digital Literacy Mission (NDLM) centers dedicated to training and imparting digital literacy at Vadodara Gujarat. The NDLM centers will conduct skill development programs in the area of Information Technology.

Mahindra Lifespace to develop Rs 3,000 crore industrial park in Gujarat

Mahindra group’s realty firm Mahindra Lifespace Developers will develop a 350-acre industrial park near Ahmedabad that could entail an investment of Rs 3,000 crore from the company and units to be established.

One lakh people attempt to create five yoga world records in Chhattisgarh

Over one lakh people are attempting to create five yoga world records in Bhilai, Chhattisgarh in the presence of yoga guru Baba Ramdev.

International kite festival in Hyderabad from Jan 12-17

Kite flyers from 17 countries are participating in KITE 2017, Telangana State’s second International Kite Festival.

Khanderi, the second Scorpene class submarine launched

Khanderi, the second Scorpene class submarine was launched at the Mazagon Dock Shipbuilders Limited in Mumbai.

  • It has superior stealth and the ability to launch a crippling attack with torpedoes as well as tube-launched anti-ship missiles whilst underwater or on surface.

Air India’s ‘Fly For Sure’ scheme set to take off

The national carrier will launch a ‘Fly For Sure’ scheme under which passengers can pay Rs 2,000 and board any other Air India flight on the same sector on the same day on missing their booked flight.

  • So as per new scheme: If you are uncertain about your plans, pay extra Rs 2,000 while booking the ticket and get to board any Air India flight on the same day and same sector.

BIS revises standards on gold hallmarking, effective from January 1, 2017

The hallmarked gold jewellery will now be available in three grades of 14 carat, 18 carat and 22 carat.

  • The caratage will also be marked on jewellery in addition to fineness for convenience of consumers, i.e. for 22 carat jewellery 22K will be marked in addition to 916 (22K916), for 18 carat jewellery 18K will be marked in addition to 750 (18K750), and for 14 carat jewellery, 14K will be marked in addition to 585 (14K585).

Tata Sons group names N. Chandrasekaran as Chairman

Tata Sons named Natarajan Chandrasekaran as its new chairman.

  • Chandrasekaran was the Chief Executive Officer (CEO) and managing director of Tata Consultancy Services.

TCS appoints Rajesh Gopinathan as MD, CEO.

Facebook announces ‘Journalism Project’

Facebook announced a new initiative, called the “The Journalism Project” in an attempt to maintain closer ties with media houses and publishers. As part of the effort, the social networking giant will collaborate with news organisations on product development, help train journalists on how to use Facebook as a reporting tool and work on efforts to promote news literacy.

Prakash Javadekar releases Tarun Vijay’s book “Cyber Pathshala”

Union Minister of Human Resource Development (HRD) Prakash Javadekar released BJP leader and noted author Tarun Vijay’s book on cyber vocabulary named Cyber Pathshala at World Book Fair in New Delhi

Veteran journalist Easwar Sagar passes away at 95

Veteran journalist Easwar Sagar, who was a long-time correspondent for The Hindu in Washington and a deputy editor, has passed away.

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