NATIONAL UPDATES:
1.
Start-up India: This is the beginning of big bang start up boom in India, says
Softbank CEO: Finance Minister ArunJaitley
kick-started PM Modi’s ambitious Start-up India mission at VigyanBhawan in New
Delhi.
2.
NarendraModi initiative has Kochi’s ‘Start-up Village’ plotting more success: Start-up
Village commenced operations as India’s first public-private technological
business incubator with the aim of creating at least 48 start-up companies in
five years. However within three and a half years, it achieved its targets,
becoming home to over 70 start-ups in typical incubation mode.
3. World Bank to be anchor investor
in Rail Development Fund: Prabhu: The World Bank
would be the anchor investor in the new Railway Development Fund, which would
be used to fund the modernisation of Indian Railways as said by Railway
Minister Suresh Prabhu.
4. Flipkart ties-up with Mahindra
for KUV100 online bookings: Online marketplace
Flipkart has tied up with auto major Mahindra & Mahindra Ltd to exclusively
launch the latter’s newest SUV-KUV100. Consumers can book the SUV on Flipkart
from January 18th, 2016.
5. Cardiac monitoring firm wins
tech contest hosted by Google at Start-up India: Cardiac
Design Labs, a start-up that has come up with an innovation to help cardiac
patients in rural India access critical care through a wearable device, came
out triumphant at a live contest hosted by tech firm Google at the Start-up
India event.
6. 6th Asian Mining
Congress will be held in Kolkata.
7. 68th Army Day
celebrated on 15th January 2016.
INTERNATIONAL UPDATES:
1.
Chinese President Xi launches Asian Infrastructure Investment Bank: China-backed
AIIB, in which India and 56 countries have joined as founding members, was
formally opened by Chinese President Xi Jinping.
2.
World Bank released report titled World Development Report 2016: Digital
Dividends: The report explored the impact of
the internet, mobile phones, and related technologies on economic development
across the world including India.
3.
Tsai Ing-wen elected Taiwan’s first female President.
FINANCE/BANKING:
1. India saved 1 billion US dollars
annually using Aadhaar: World Bank: As
per the report, transfer of fuel subsidy to bank accounts using the
Aadhaar-based Direct Benefit Transfer (DBT) saved about 1billion per year when
applied throughout the country on account of reduced leakage and efficient
gains.
AWARDS:
2.
Dr Jancy James selected for Prof M V Pylee Award for the Distinguished
Academician of India.
3.
EasterineKire wins The Hindu Prize for her novel ‘When the River Sleeps’.
OBITUARIES:
4.
Muslim Personal Law Board spokesperson Mohammed Abdul Rahim Qureshi died of
cardiac arrest at the age of 81.