Union Cabinet gave its nod to India-Singapore MoU on civil aviation.

  • Union Cabinet on Wednesday gave its ex-post facto approval for a memorandum of understanding (MoU) that was signed with Singapore in the field of civil aviation.
  • MoU was signed in November 2015 between the AAI (on behalf of the Government of India) and Singapore Cooperation Enterprise (on behalf of the Government of Singapore) during Prime Minister Narendra Modi’s visit to Singapore.
  • Objective : to establish mutual cooperation in the field of civil aviation, which will cover, to begin with, the airports of Jaipur and Ahmedabad.

IMPS launched by Andhra Bank.

  • IMPS Stands for Immediate Payment Service.
  • Andhra Bank IMPS across all its branches in association with the National Payments Corporation of India (NPCI).
  • The service makes payments possible within fraction of seconds with all the standards and integrity maintained for security.
  • IMPS was enabled across all branches to provide inter-bank electronic fund transfer service capable of processing person to account remittances.
  • Immediate Payment Service (IMPS) is one of the electronic funds transfer systems of India. It was started in November 2010. The service enables an instant, 24X7, interbank electronic fund transfer through mobile, internet and ATM.

Forbes publishes 2016 30 under 30 list; 45 Indian-origin people figured in the list.

  • Forbes released the 2016 30 Under 30 List featuring 600 men and women who achieved remarkable professional success before attaining 30 years of age.
  • They were chosen from an initial screening list of more than 15000 representing a gamut of 20 segments that include art & style, finance, sports, education, etc.

Indian-origin people figured in the list are,

  • Ritesh Agarwal, OYO Rooms CEO
  • Karishma Shah, Alphabet’s Google X
  • Divya Nettimi, Viking Global Investors
  • Nisha Chittal, MSNBC
  • Ashish Patel, NowThis Media
  • Saagar Govil, CEO of Cemtrex

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Union Cabinet approves Stand Up India Scheme.

  • Union Cabinet on 6 January 2016 approved the Stand Up India Scheme to promote entrepreneurship among Scheduled Caste/Scheduled Tribes and Women entrepreneurs.
  • The Scheme is intended to facilitate at least two projects per bank branch, on an average one for each category of entrepreneur.
  • It is expected to benefit at least 2.5 lakh borrowers.
  • The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the Scheme.

Largest Blue start sapphire of world discovered in Sri Lanka.

  • World’s largest blue star sapphire that weighs 1404.49 carats was discovered in a mine in Sri Lanka.
  • The sapphire was found in August 2015 near Ratnapura city in the South of Sri Lanka.
  • The stone is worth at an estimated cost of 100 million US dollars but could be valued up to 165 million US dollars.

CCI clears Relaince Capital – Goldman Sachs deal

  • CCI gave its approval to Reliance Capital Asset Management’s proposed acquisition of Goldman Sachs’ mutual fund business in India for 243 crore rupees.
  • CCI approved the acquisition as the deal may not have an adverse impact on competition in the country.
  • After CCI’s nod, Reliance Capital Asset Management (RCAM) will seek the final nod of the Securities and Exchange Board of India (SEBI) to complete the takeover.

Ganga Gram Yojana launched by Union Govt in UP.

  • Union Minister of Water Resources, River Development and Ganga Rejuvenation Uma Bharti on 5 January 2016 launched Ganga Gram Yojana at Village Puth in Hapur district of Uttar Pradesh (UP).
  • Under the scheme, 1600 villages of UP situated along the banks of river Ganga will be developed.

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Go Set a Watchman of Harper Lee topped the US Bestseller List 2015.

  • The book Go Set a Watchman written by Harper Lee was in news in the first week of January 2016 as it topped the 2015 US bestseller list.
  • Around 1.6 million copies of the book were sold in the USA since it was published in July 2015.
  • The figures were based on US print unit sales reported to Nielsen.

Wayne Rooney named England Player of the Year 2015.

  • Manchester United striker Wayne Rooney has been voted 2015 England Player of the Year for the fourth time.
  • Rooney, England’s captain, received 37 percent of the votes in a poll of England Supporters Club members.
  • He previously won the award in 2008, 2009 and 2014.

Apurvi Chandela sets World Record to win Gold at Swedish Grand Prix.

  • Indian shooter Apurvi Chandela broke the world record on way to winning gold in the women’s 10 metre air rifle event at the Swedish Cup Grand Prix.
  • Chandela had won the gold at the National Championships in the Capital last month.

She had won an Olympic quota place for India after winning a bronze at the ISSF World Cup in Changwon, South Korea, in April.


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