Daily Current Affairs: January 16, 2017

India inks financing pact with World Bank for $48 million

World Bank and India signed a financing agreement for IDA credit of USD 48 million (equivalent) for the ‘Nagaland Health Project’.

  • The objectives of the project are to improve health services and increase their utilization by communities in targeted locations in Nagaland.

World Bank to fund reclamation of saline lands in Maharashtra

The World Bank will fund a Maharashtra government project for reclaiming saline lands, spread over 5 lakh hectares affecting 1,000 villages in the State.

  • The World Bank will provide Rs 2,800 crore while the rest will be contributed by the State government.

IMF cuts India’s growth rate to 6.6% due to note ban

The IMF cut India’s growth rate for the current fiscal year to 6.6 per cent from its previous estimate of 7.6 per cent due to the “temporary negative consumption shock” of demonetisation.

Central & SBI Card launch premium co-branded card

Future Group’s fashion and lifestyle departmental store Central and SBI Card announced the launch of a co-branded credit card, to offer benefits to consumers in the premium lifestyle and fashion space.

Andhra Bank launches cashless transaction with Aadhar number

PSU lender Andhra Bank announced the launch of a new initiative ‘AB e-Vyapar’ for cashless transactions through mobile phones for which only the Aadhar number is required.

  • The initiative needs only Aadhar number and not even any card or a PIN

RBI Note Mudran printing press prints highest number of currency notes in Dec

The RBI Note Mudran printing press in Mysuru has broken all its past record by printing highest number of currency notes in December. 10.9 million notes were printed on a single day, which broke the previous world record of 8.7 million notes printed in an American currency printing press.

  • There are 650 workers involved in printing work in the Mysuru unit which worked for 12 hours a day in two shifts and printed 1350 million currency notes in December.

India slips to 92nd rank on global talent competitiveness

India has slipped 3 places to 92nd rank on the global index of talent competitiveness that measures how countries grow, attract and retain talent, a list topped by Switzerland.

India most trusted nation in terms of institutions: Report

India has emerged as the most trusted nation in terms of its institutions by general population even as there has been a “global implosion of trust” worldwide, says a survey.

  • The Indian government is also the second most trusted after neighbouring China, according to the 2017 Edelman Trust Barometer released ahead of the World Economic Forum (WEF) annual meet.

2016 was country’s warmest year: IMD

The India Meteorological Department (IMD) reported the year 2016 as the warmest ever on record since the documenting of meteorological records began in 1901, in its ‘statement of climate of India, 2016’.

Tamil Nadu seeks Rs 39,565 crore from Centre to tackle drought

Drought-hit Tamil Nadu urged the Centre to sanction Rs 39,565 crore from the National Disaster Response Fund towards mitigation measures, with Chief Minister O Panneerselvam seeking Rs 1,000 crore urgently as the state government does not have sufficient funds to meet the challenge.

Kiran Doshi wins The Hindu Prize 2016

Kiran Doshi, a retired diplomat and educationist from Gujarat, won The Hindu Prize 2016 for his third major work of fiction, Jinnah Often Came to Our House, a book set against the political turmoil of the subcontinent from the early part of the 20th century, ending with the Partition and Independence.

Amazon India launches regional language support services for sellers

Amazon India announced the launch of regional language support services for sellers in three Indian languages – Kannada, Tamil and Telugu.

  • Extending its support service offered currently in Hindi & English, sellers will now have the flexibility to opt for a callback option from Amazon India’s seller support associates in these regional languages.

Barack Obama proclaims January 16 as Religious Freedom Day

Urging his countrymen to stand against religious intolerance, US President Barack Obama has proclaimed January 16 as Religious Freedom Day in accordance with a yearly tradition.

  • Obama regretted that in 2015, nearly 20 percent of hate crime victims in America were targeted because of religious bias which is unacceptable.


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