Chinese President Xi Jinping launched AIIB.

  • AIIB stands for Asian Infrastructure Investment Bank.
  • An Indian delegation headed by Dinesh Sharma, additional Secretary in the Ministry of Finance, attended the opening ceremony.
  • The bank was formally established in Beijing on December 25, 2015.
  • Chinese Finance Minister, Lou Jiwei, was elected as the first Chairman of the AIIB council. China’s former Finance Minister, Jin Liqun, was elected the first AIIB president.

World Bank will be anchor investor in RDF : Prabhu

  • RDF stands for Rail Development Fund.
  • It will be used modernisation of Indian Railways.

Writer Ankita Anand wins Lorenzo Natali Media Prize for Work on Khap panchayats.

  • Delhi-based writer Ankita Anand won the European Commission’s prestigious Lorenzo Natali Media Prize for 2015 in Asia and the Pacific amateur category.
  • She earned the award for her sensitive portrayal of life for young women facing the threat of the diktat of khap panchayats in Haryana with the title Stirrings beneath the peepul published in the journal The Equator Linel.

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World Bank releases report titled World Development Report 2016 : Digital Dividends

  • World Bank on 14 January 2016 released a report titled World Development Report 2016: Digital Dividends in Washington DC, the USA.
  • The report explored the impact of the internet, mobile phones, and related technologies on economic development across the world including India.

“Start Up India” launched by Finance Minister Arun Jaitely at Vigyan Bhawan in New Delhi.

  • Start Up India mission to be unveiled on Saturday envisages technology business incubators and research parks.
  • The program was organised by Department of Industrial Policy and Promotion (DIPP), along with other key Indian startup ecosystem players.
  • Startup India, Standup India initiative aims to celebrate the country’s entrepreneurial spirit, and create a strong ecosystem for fostering innovation and startups in India.

Flipkart inked MoU with Mahindra for KUV 100 online bookings.

  • Online marketplace Flipkart has tied up with auto major Mahindra & Mahindra Ltd to exclusively launch the latter’s newest SUV- KUV100.
  • Consumers can book the SUV on Flipkart from January 18th, 2016

Dr Jancy James : Prof MV Pylee Award

  • She wins the award for the distinguished Academician of India.
  • The award was instituted by Cochin University of Science and Technology in the name of MV Pylee.
  • He is an Indian scholar, educationist and management guru and widely regarded as the father of management education in Kerala.
  • The award is given for excellence in teaching and research and contribution to academic community. It carries an amount of 1 lakh rupees and a citation


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