Current Affairs, News & Facts of 08 Jan 2016

    Comments (0)
  • Sam Pitroda appointed as Technical Advisor to Odisha Government


    Sam Pitroda appointed as Technical Advisor to Odisha Government

    Well-known telecom engineer, inventor,entrepreneur and policymaker Satyanarayan Gangaram Pitroda popularly known as Sam Pitroda has been appointed technology advisor to the State Government of Odhisa. Pitroda was appointed as the technology adviser for the development of IT sector in Odisha.

    Pitroda will have a key role in Vision 2036 for Odisha@100, a vision document for 2036 to celebrate the 100 years of state’s formation. Dr. Pitroda will help provide the essential technological blueprint to write the IT story of Odisha.

    Key facts about Sam Pitroda :

    Birth : Sam Pitroda was born on 4 May 1942  in Titlagarh, Odisha.

    Education : He completed his schooling from Vallabh Vidyanagar in Gujarat and completed his Master's degree in Physics and Electronics from Maharaja Sayajirao University in Vadodara and later he went to the United States and obtained a Masters in Electrical Engineering from the Illinois Institute of Technology in Chicago.

    Career : Pitroda launched the Centre for Development of Telematics (C-DOT) in 1984 and served as advisor to then Prime Minister Rajiv Gandhi in 1987 on Technology Missions. He was also the founding chairman of India’s Telecom Commission. He is a director of the Young Indian Company co-owned by Sonia Gandhi and Rahul Gandhi.

    Autobiography: Dreaming Big: My Journey to Connect India.

    Awards and Honours: Padma Bhushan (2009), World Telecommunication and Information Society Award (2011) and many more

  • ICICI Bank partners with FINO PayTech for payments bank space


    ICICI Bank partners with FINO PayTech for payments bank space

    India’s largest private sector lender ICICI Bank has partnered with FINO PayTech to foray into the payments bank space. The tie-up with ICICI Bank will help FINO to extend services which a payments bank is not allowed to offer.

    With this tie-up ICICI Bank joins some of the leading lenders of the country which have partnered with payments banks for example, State Bank of India and Kotak Mahindra Bank have picked up stake in the payments banks that will be floated by Reliance Industries and the Bharti Group, respectively.

    FINO Paytech and RBI regulations :

    • FINO Paytech is one of the 10 entities that have that have received ‘in principle’ licence from the Reserve Bank of India (RBI) to start a payment bank. The ICICI Group, with about 16 per cent stake in FINO Paytech, is the largest domestic shareholder. RBI regulations allow universal banks to invest up 30 per cent in payments bank.
    • RBI regulations also mandate 51 per cent of the equity of the payments bank should be with domestic entities, In FINO PayTech, about 70 per cent stake is with foreign entities but if FINO would raise capital it bring down foreign shareholding. FINO is planning to raise about Rs.500 crore from private equity and other strategic investors.
  • Overseas ministry to merge with Ministry of External Affairs 


    Overseas ministry to merge with Ministry of External Affairs

    The government has decided to merge the ministry of overseas Indian affairs (MOIA) with the external affairs ministry. The move aims to address the overlapping in the functions of the two ministries and address the various complaints of Indian overseas workers in a more effective manner. The merger would also help by doing away with the duplication of work.

    The merger of two Ministries is in line with Union Government’s broad principle of minimum government, maximum governance. The merger was announced by Union External Affairs Minister Sushma Swaraj and proposal in this regard was cleared by Prime Minister Narendra Modi.

    Ministry of Overseas Indian Affairs :

    • Established : It was established in May 2004 as the Ministry of Non-Resident Indians’ Affairs and in September 2004 it was renamed as the Ministry of Overseas Indian Affairs (MOIA).
    • Objective : It's main role was to provides information, partnerships and facilitations for all matters related to Overseas Indians so that they are connected to the motherland. Building partnership by developing network with overseas Indian's was also one f it's objectives.
  • Govt to build three special training centres for disabled sportsmen


    Govt to build three special training centres for disabled sportsmen

    Union Ministery for Social Justice and Empowerment will set up three state-of-the-art training centres in Punjab, Madhya Pradesh and Andhra Pradesh to provide special training and support to sportsmen who are differently-abled. 

    The centres will be set up in Zirakpur in Punjab, Ujjain in Madhya Pradesh and Visakhapatnam in Andhra Pradesh. Union Minister for Social Justice and Empowerment Thaawarchand Gehlot made announcement in this regard.

    Key facts :

    • Under the new draft Bill, the number of disabilities has been raised from 7 to 19, while the percentage of reservation has been raised from 3 to 5.
    • As a part of Sugamya Bharat Abhiyan (Accessible India Campaign) launched on December 3 (International Day of Persons with Disability,)  48 cities have been selected where 100 "most important government buildings" will be converted into fully accessible buildings by July 2016.    

    Accessibility audit : Accessibility audit of all international airports will be conducted and they will be made accessible for disabled people by July 2016. The auditing will cover the auditing of  built environment-steps, ramps, corridors, entry ways, emergency, exists, parking as well as indoor and outdoor facilities, including lighting, signage, alarm systems and toilets.

  • Subscribers of New Pension System can now make payments online  


    Subscribers of New Pension System can now make payments online

    Pension fund regulator PFRDA has launched a online platform eNPS through which subscribers of New Pension System can make their contributions online through net banking, credit or debit cards.

    Through this platform, a prospective subscriber can register for NPS; contribute to his/her Permanent Retirement Account. Further, the subscribers who already have an NPS account can make contributions through eNPS directly.

    Pension Fund Regulatory Development Authority (Pfrda) has been pursuing development and operationalisation of online transaction facilities as per government's Digital India campaign to promote e-governance.


2nd Aug

Exam Date : 02-08-2016

Exam Time : 07:15:00

Ques/Time : 6/5 min


Exam Date : 01-08-2016

Exam Time : 06:00:00

Ques/Time : 8/5 min

Todays test

Exam Date : 22-07-2016

Exam Time : 05:10:00

Ques/Time : 3/5 min