Daily GK Update 21st August 2016, Important Current Affairs

1. 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). These four banks include Nomura, SBI Caps, ICICI Securities and IDBI Capital.

2. 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.

3. 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.

4. 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.

5. 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).

6. 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.

7. 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.

8. 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.


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