Daily GK Updates 8th January 2016 Important Current Affairs

1. ICICI Bank partners with FINO PayTech for payments bank space
i. India’s largest private sector lender ICICI Bank has partnered with FINO PayTech to foray into the payments bank space. With this partnership, ICICI Bank joins some of the leading lenders of the country that have partnered with payments banks. 
1. ICICI Bank partners with FINO PayTech for payments bank space
ii. For example, Kotak Mahindra Bank (KMB) and State Bank of India (SBI) have picked up stake in payments banks to be floated by Bharti Group and Reliance Industries respectively.
iii. The tie-up with ICICI Bank will help FINO to extend services which a payments bank is not allowed to offer. It will also help it to build some banking products and services that they cannot offer on our own.

2. India-France military exercise Shakti-2016 begins
i. India and France have started their eight-day counter-terrorism and counter-insurgency bilateral military exercise Shakti-2016 in Rajasthan. In this bilateral exercise, French contingent comprising 56 personnel of 35th Infantry Regiment of 7th Armoured Brigade are participating.
ii.  Indian side is being represented by the 2nd Battalion of Garhwal Rifles which is part of the Sapta Shakti Command.

3. India to grow at 7.8% in year 2016: World Bank Report
i. The Global Economic Prospect report published recently by the World Bank (WB) has projected a robust 7.8 per cent growth for the Indian economy in the year 2016. 
ii. In its report bank also has cited strong investor sentiment in India and the positive effect on real incomes of the recent fall in oil prices.

4. Union Government launches River Information System
i. India’s first River Information System (RIS) was launched by Union Government facilitate safe and accurate inland waterway navigation.
ii.  It has been launched in phases and the first phase will cover 145-km stretch of National Waterways 1 (Phase I- Haldia to Farakka) on the Ganges River. 
iii. Inland Waterway Authority of India (IWAI), a statutory body under the aegis of Union Ministry of Shipping is implementing the RIS in India

5. Union Government approved Atal Mission Plans for Punjab and Uttarakhand for 2015-16
i. The Union Ministry of Urban Development (MoUD) approved the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for Punjab and Uttarakhand for the year 2015-16.  The plans were approved by an inter-ministerial Apex Committee under the State Annual Action Plans (SAAP).
ii. Punjab Government will invest 720 crore rupees in improving basic urban infrastructure in 16 cities.
iii. Under the SAAP for 2015-16, Punjab Government will invest 365 crore rupees in 46 water supply related projects.

6. Devender Kumar Sikri appointed as Chairman of Competition Commission of India
i. Devender Kumar Sikri was appointed as Chairman of fair-trade regulator Competition Commission of India (CCI). He succeeds Ashok Chawla, whose tenure as the Chairman of CCI ended on 7 January 2016 itself.
ii. Sikri will have a tenure of about two and half years, i.e. till he attains the age of 65 years. 

7. Miguel Tabuena won Hilton Asian Tour Golfer of the Month
i. The Philippines' Miguel Tabuena on 7 January 2016 was voted as the Hilton Asian Tour Golfer of Month for December 2015.
ii. Tabuena won the award ahead of Thailand's Phachara Khongwatmai and India's Himmat Rai. The trio were nominated by a selection panel before going into a voting process.

8. 59 sixes, 129 fours: Mumbai's Pranav Dhanawade scores 1,009 in 323 balls
i.  Mumbai teenager Pranav Dhanawade today scripted history by becoming the first batsman ever to notch up a four-figure score by smashing an unbeaten knock of 1009 in an inter-school tournament.
ii. The 15-year-old, playing for KC Gandhi Higher Secondary School, reached the gigantic score in just 323 deliveries with a jaw-dropping strike rate of 312.38 in the game against Arya Gurukul in the Bhandari Cup inter—school tournament organised by the Mumbai Cricket Association (MCA).
iii. In the course of his awe—inspiring innings, which lasted 395 minutes, Dhanawade smashed a whopping 129 fours and 59 sixes. 
iv. The epic knock ended when his school declared at 1,465, which is also a world record. His school went past Victoria’s 1,107 against New South Wales made way back in 1926. 
v. Pranav now holds the record for the highest individual score in any form of cricket, bettering AEJ Collins’ 628 not out for Clark’s House against North Town in 1899 in the UK. 


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