Government selects four investment banks for share sale in HUDCO
i. Department of Investment and Public Asset Management (DIPAM), the nodal agency under the finance ministry that coordinates government disinvestment programme has selected four investment banks for the proposed share sale in HUDCO (Housing & Urban Development Corporation Limited).
ii. These four banks include Nomura, SBI Caps, ICICI Securities and IDBI Capital.
China's high speed train maker launches operation in India
i. China largest high-speed train maker has announced the launch of its first joint venture (JV) plant in India with USD 63.4 million investment to manufacture and repair railway locomotives.
ii. The joint venture, named CRRC (China Railway Rolling Stock Corporation) Pioneer (India) Electric Co Ltd, is housed in Bavo Industrial District of Haryana between New Delhi and Bombay.
iii. The Chinese side holds 51% of the share.
NLC Ltd to add 6,820 Mw of power at cost of Rs 27,740 crore
i. Navaratna company NLC Ltd, which comes under the Ministry of Coal, is planning to add over 6,821 megawatt (Mw) of power, with an investment of over Rs 27,740 crore in these projects.
ii. NLC Ltd, earlier known as Neyveli Lignite Corporation, is presently operating four thermal power stations at Neyveli, Tamil Nadu, and one thermal power station at Barsingsar, Rajasthan, with a total installed capacity of 3,240 Mw. During the year, two units of TPS-II Expansion (2x250 Mw) achieved commercial operation.
India pledges Rs 39.97 million for upgrading school in Nepal
i. India has pledged financial assistance worth 39.97 million Nepali Rupees for the construction of a new building and a hostel facility at a Sanskrit school in eastern Nepal.
ii. The project is being implemented through the Indian government's grant assistance under the small development programme.
AP announces Rs 3 cr cash award, Group I cadre job for Sindhu
i. The Andhra Pradesh Cabinet has decided to felicitate the Olympic badminton star PV Sindhu with Rs. 3 crore reward in cash, a 1,000 sq yard site in the new capital city of Amaravati and a Group I cadre job in the State.
ii. The Cabinet also approved a Rs. 50 lakh cash reward to Pullela Gopichand, the former badminton star and coach of Sindhu.
Andhra Pradesh police launches pilot project on DNA profiling
i. Andhra Pradesh Police has launched DNA Index System (DIS), the first-of-its-kind initiative that allows generation of DNA profiles from live samples like saliva and blood stains.
ii. The system uses the latest DNA technology tool called RapidHIT developed by IntegenX of USA.
iii. The DIS allows generation of DNA profiles using buccal swabs, blood stains, saliva and other live samples in less than two hours.
India ranks 39th in Asia Pacific on fixed broadband
i. India ranks a low 39th in terms of fixed broadband adoption among Asia-Pacific countries, with just 1.3% of its citizens subscribing to such a service in 2015, according to a study by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
ii. Hong Kong, New Zealand, Japan, Macao, Australia and Singapore topped the list of 53 countries.
Maneka Gandhi Inaugurate Animal Birth Control Centre in Dehradun
i. Union Women and Child Development (WCD) Minister Maneka Gandhi inaugurated the state’s first animal birth control centre (ABC) at Kedarpuram. The centre will take up birth control measures with stray dogs the population of which has been rising in the city and the state.
ii. The centres will be set up in Nainital and Mussoorie and other five municipal corporations in Haridwar, Haldwani, Kashipur, Haldwani and Roorkee.
iii. The Department of Urban Development has sanctioned Rs 2 crore to set up the centres.
Sunil Mittal re-appointed Chairman of Bharti Airtel for 5 yrs
i. Sunil Bharti Mittal has been re-appointed as the Chairman of telecom giant Bharti Airtel for another 5 years, with effect from October 1, 2016.
ii. Mittal is the Founder of Bharti Enterprises, India's one of largest conglomerates with diversified interests in telecom, insurance, real estate, agri and food, besides other ventures.
Amul MD Sodhi appointed on board of India Post Payment Banks
i. Amul Managing Director (MD) R S Sodhi has been appointed as independent director on the board of India Post Payment Banks (IPPB) - the payments bank arm of postal department.
ii. Sodhi is one of the 5 independent members to be appointed on the board IPPB, which is set to be operational in March 2017.
iii. The India Post Payments Bank aims to become the most accessible bank in the world, riding on advanced banking and payments technology.
Yogeshwar Sangwan concurrently accredited as the Ambassador of India to Georgia
i. Shri Yogeshwar Sangwan, presently Ambassador of India to the Republic of Armenia, has been concurrently accredited as the Ambassador of India to Georgia, with residence in Yerevan (Armenia).
ii. Georgia is a country in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe.
Former international umpire Subrata Banerjee dies
ii. Banerjee had a 15-year career at the international level, where he officiated in 13 ODIs.
iii. The former Test umpire, also stood in 64 first-class matches, besides serving as a television umpire in ODIs, and a reserve umpire in a Test between India and England in Mohali in 2001.
India world’s third biggest tech start-up hub: Assocham
i. India is home to the 3rd largest number of technology-driven start-ups in the world, with the US and the UK occupying the top two positions.
ii. The study, done by Assocham in association with Thought Arbitrage Research Institute, also revealed that Bengaluru is host to the largest share of technology start-ups in the country, followed by Delhi-NCR and Mumbai, while Hyderabad and Chennai are also quite popular among budding tech entrepreneurs.
iii. In the technology driven start-ups, India has moved up to 3rd position with the US occupying the top position with more than 47,000 and the UK with over 4,500.