1. India presses for automatic exchange of tax information at G20 meet
i. India has called for expeditious implementation of the automatic exchange of tax information saying it would help in tracking illegal money stashed in foreign banks.
ii. Minister of State for Finance Jayant Sinha advocated "full and fast implementation" of Automatic Exchange of Information within the agreed time-frame.
iii. India called for strengthening the IMF through implementing the 2010 quota and governance reforms and creating an environment for multilateral swaps to overcome such negative impact.
2. National Games mascot in Limca Book of Records
i. National Games mascot Ammu, the Great Hornbill, has immortalised itself by finding a mention in the Limca Book of Records.
ii. The mascot found a place in the record books owing to a play, Kalikkunna Kuttikalkkayi Bharatham Kathirikkunnu (India Awaits Children Who Play) in which Ammu is featured.
iii. According to the Limca Book’s 2015 Special Literature Edition, it is a play about a mascot which had been staged in most number of schools. The Great Indian Hornbill, had been staged in 147 schools.
3. Israel offers expertise to clean up Ganga
i. In an effort to deepen economic cooperation, Israel has offered its expertise and technological capabilities to India in its ambitious drive to clean up the Ganga.
ii. A preliminary offer on this was made by Amit Lang, Director-General of the Ministry of Economy, Israel led delegation to continue talks on the Free Trade Agreement (FTA), which both countries had initiated in 2007, as well as expand cooperation in the field of water management, waste water treatment.
iii. Israel has made significant technological advancement in desalination and drip irrigation with the world’s largest desalination plants and recycles 90 per cent of water for agricultural needs.
4. Scheme for grant of government pension to journalists
i. Puducherry government has initiated steps to bring into effect a scheme evolved in 2003 to pay monthly pension to media persons.
ii. The scheme envisages payment of monthly pension of Rs 6000 to a media person who had completed 20 years of continued service in a newspaper, periodical, news agency or in electronic media.
iii. The beneficiary should be aged 58 years and above at the time of presenting the application.
5. NABARD announces Rs 1,14,927 crore credit plan for Rajasthan
i. National Bank for Agriculture and Rural Development (NABARD) today announced Rs 1,14,927 crore credit plan for agriculture in Rajasthan for fiscal 2015-16, encompassing all 33 districts in the state.
ii. The credit projections will grow by 39 per cent from Rs 82,534 crore in the ongoing fiscal (2014-15) to Rs 1,14,927 crore in 2015-16 for Rajasthan's agriculture and allied sectors.
iii. NABARD has identified infrastructure gaps in the state with 155 projects worth Rs 3,020 crore, which could be financed under RIDF and other channels available with NABARD.
6. ICICI Bank launches ‘Pockets’, India’s first digital bank on a mobile phone
i. ICICI Bank, India’s largest private sector bank, has announced the launch of ‘Pockets’, India’s first digital bank for the youth.
ii. Anyone, including those who are not customers of ICICI Bank, can download the e-wallet from Google Playstore, fund it from any bank account in the country and start transacting immediately.
iii. This wallet uses a virtual VISA card which enables the users to transact on any website or mobile application in India
********************10th janu.2015******************************
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1. AAP deflates BJP
i. The AAP stunned everyone on Tuesday with an overwhelming victory in the Delhi assembly polls, setting up a second stint for Arvind Kejriwal as chief minister.
ii. The AAP bagged as many as 67 seats of the 70-member House, going far beyond the most optimistic exit polls.
iii. The BJP was left bruised in a distant second place with wins projected for it in just three seats. The Congress drew a blank. BJP's CM candidate, Kiran Bedi, lost the elections.
iv. Kiran Bedi lost Krishna Nagar seat which was considered as BJP's pet by a narrow margin, While Arvind Kejriwal won New Delhi seat comfortably.
v. AAP got 54.3% of the total polled votes, while BJP came a distant second with 32.2% of the votes polled.
vi. Arvind Kejriwal will sworn as the Chief Minister of Delhi for second successive term on 14th February.
2. PNB raises Rs. 1,000 crore via private placement
i. State-owned Punjab National Bank has raised Rs. 1,000 crore through bonds to fund business growth and meet global capital adequacy norms.
ii. The bank has raised Rs. 1,000 crore long term bonds at an annual coupon of 8.23 per cent on Private Placement basis.
iii. The government has decided to provide Rs. 870 crore to the bank as part of capital infusion plan.
iv. Public sector banks require equity capital of Rs. 2.4 lakh crore by 2018 to meet the global, Basel III norms on capital adequacy. For the current fiscal, the government has allocated Rs. 11,200 crore for bank capitalisation.
3. Govt gives Gauri Shankar additional charge of MD of PNB
i. Government gave additional charge of Managing Director and CEO of Punjab National Bank to Gauri Shankar, senior most executive director at the bank.
ii. The post of full time Managing Director and CEO has been vacant since November, when the then Chairman and Managing Director K R Kamath failed to get extension from the government.
iii. As per the government rules, the CMD and Directors are appointed in public sector entities for a period of five years or up to the age of 60, whichever is earlier.
4. Amartya Sen wins John Maynard Keynes Prize
i. Economist and Nobel laureate Amartya Sen has won the newly instituted Charleston-EFG John Maynard Keynes Prize.
ii. In the spirit of John Maynard Keynes’ work, life and legacy, this new global prize recognises Professor Sen’s outstanding contribution to society.
iii. Currently a Professor of Economics and Philosophy at Harvard University, he has been a Professor at the London School of Economics and until 2004 was Master of Trinity College, Cambridge. His books have been translated into more than 30 languages.
5. Facebook rings Reliance Communications for free data access
i. Anil Ambani led Reliance Communications Ltd (RCOM) has partnered with Facebook to offer free data access to select popular websites for all its customers, existing and new ones.
ii. Thirty three popular websites can be accessed free of cost through internet.org and all the subscriber needs to have is an internet enabled hand set.
iii. In the first phase this service has gone live in seven circles of RCOM which include Mumbai, Maharashtra, Gujarat, Andhra Pradesh, Tamil Nadu, Chennai and Kerala.
6. India pegs 2014-15 GDP growth at 7.4 per cent
i. Economy is likely to grow at a faster pace of 7.4 per cent in the current fiscal as against 6.9 per cent in 2013-14.
ii. The data further said economy grew by 7.5 per cent in the September-December quarter of the current fiscal after a growth rate of 8.2 per cent in the preceding quarter.
iii. The government had recently updated the base year to calculate Gross Domestic Product (GDP) to 2011-12 from 2004-05.
iv. The sectors which registered a growth rate of over 7 per cent are financial, real estate and professional service; trade, hotels, transport, communication and services related to broadcasting; public administration, defence and other services; and electricity, gas, water supply and other utility services.
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