Daily GK Update 19th January 2017, Important Current Affairs

Daily GK Updates 8th & 9th January 2017, Important Current Affairs
1. Union Cabinet approves amendment in Modified Special Incentive Package Scheme
i. The Union Cabinet has given its approval for amendment in the Modified Special Incentive Package Scheme (M-SIPS) for electronics manufacturing. 
ii. These modifications will further incentivize investments in electronic sector and move towards Union Government’s goal of ‘Net Zero imports’ in electronics by 2020. 

2. Digi Dhan Melas: Consumers, merchants win prizes worth Rs 61 Cr
i.Over three lakh 80 thousand consumers and twenty-one thousand merchants have won prize money worth around 61 crore rupees at 24 Digi-Dhan Melas across the country.
ii. This was disclosed by the Information Technology Minister Ravi Shankar Prasad in New Delhi Government’s efforts to give a boost to the digital payment systems and cashless economy have evoked good response from the people. 
iii.People from different age groups, occupations and walks of life have taken part in a big way in the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana giving a fillip to digital transactions. 

3. CCEA approves listing of five general insurance PSUs at the stock exchanges
i. The Cabinet Committee on Economic Affairs (CCEA) has given its ‘in principle’ approval for listing the five Public Sector General Insurance Companies (2016-17) owned General Insurance Companies in the stock exchanges. 
ii. They are New India Assurance Company Ltd, United India Insurance Company Ltd, Oriental Insurance Company Ltd, National Insurance Company Ltd and General Insurance Corporation of India. 
iii. The shareholding of these PSGICs will be divested from 100% to 75% in one or more tranches over a period of time as per Securities and Exchange Board of India (SEBI) and Development Authority of India (IRDAI) rules and regulations.

4. Bengaluru Ranked Most Dynamic City in the World in WEF Report
i.India’s IT Hub, Bengaluru has been ranked at the top position in the 2017 City .
ii.Momentum Index released the World Economic Forum Annual Meeting being held in Davos. The index identifies the most dynamic cities of the world.
iii.From India six cities have find place in top 30 most dynamic cities.

5. Union Cabinet approves to augment CGTMSE for supporting MSEs
i. The Union Cabinet has approved package for augmentation of the Corpus of Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) for supporting Micro and Small Enterprises (MSEs).

6. Prez Mukherjee inaugurate 28th Dantan Gramin Mela in West Bengal
i.President Pranab Mukherjee is due to inaugurate the 28th Dantan Gramin Mela in West Midnapore district in West Bengal. 

7. AAI receives 45 initial bids under Regional Connectivity Scheme
i. The Airports Authority of India (AAI) has received 45 initial bids from 11 parties to fly routes under the Regional Connectivity Scheme (RCS) launched by the Union Ministry of Civil Aviation.

8. Meghalaya’s Mawlynnong village becomes a role model for cleanliness
i.Mawlynnong village in Meghalaya has become a role model for other states in maintaining cleanliness known as Asia’s cleanest village.

9. 30 More Countries to Join Asia Infrastructure Investment Bank
i.The Foreign Ministry spokesperson of China, Hua Chunying stated that thirty more countries have applied for joining the Asia Infrastructure Investment Bank (AIIB) besides 57 founding members.
ii.It was officially established with 57 founding members and authorized capital of USD 100 billion.China is the largest shareholder of the bank having 26.6% voting shares. India is  the second largest shareholder with 7.5% followed by Russia 5.93% and Germany with 4.5%.

10. ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 crore
i.ICICI Prudential Life Insurance has acquired 8.41 per cent stake in Fino Paytech Ltd (FPL) for a total consideration of Rs 100 crore.
ii.FPL provides technology-based solutions and services related to financial inclusion. Earlier this month, FPL was granted payment bank licence by the RBI.

11. C.V. Vishveshwara, Pioneer of Black Hole Discovery Dies at 78
i.Veteran Indian Scientist CV Vishveshwara and pioneer in the discovery of black hole in India died of prolonged illness.He was 78.
ii.He worked extensively on the theory of black holes and made major contributions to this field of research since its very beginning.

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