1.Delhi won their maiden Syed Mushtaq Ali Trophy after beating Rajasthan by 41 runs in the final at Eden Gardens in Kolkata.
2.India and Cambodia signed an MoU on the prevention of human trafficking under which the two countries will seek to increase bilateral cooperation on the issues of prevention, rescue and repatriation related to human trafficking.They also inked a pact for cultural exchanges through 2018-2020.Cambodia PM : Samdech Hun Sen. Capital : Phnom Penh , Currency : Rial.
3.India and Cambodia today inked pacts, including one to improve cooperation in prevention, investigation of crimes and legal assistance in criminal matters, besides a line of credit from India to fund Cambodia's Stung Sva Hab water resources development project for USD 36.92 million.The pacts were signed after comprehensive talks between Prime Minister Narendra Modi and his Cambodian counterpart Samdech Hun Sen, who agreed to further enhance bilateral defence ties, including through exchanges of senior-level defence personnel and capacity building projects.The two leaders also discussed exploring ways to intensify the development partnership and boost ties in key sectors, including trade and investment, energy conservation, agriculture, and tourism and culture.
4.The Country celebrates its 69th Republic Day on 26th January in Rajpath, New Delhi to be resplendently displaying the country's pride and glory. Heads of 10 ASEAN countries are chief guests at Republic Day.The family members of Corporal Jyoti Prakash Nirala (Posthumous) of the Indian Air Force (IAF), who died fighting militants in Kashmir valley, received India’s highest peacetime gallantry award, Ashok Chakra.
5.Noted Kannada actor Chandrashekhar popularly known as ‘Edakallu Guddada Mele’ Chandrashekhar, passed away in Canada.Chandrashekhar was debuted as a child artiste with Namma Makkalu in 1969 but got his big break from the film Edakallu Guddada Mele.
6.Book titled “Dilli Meri Dilli: Before and After 1998”, written by Sheila Dikshit, who was Chief Minister of Delhi for an uninterrupted 15 years, the book, with the help of rare and carefully curated photographs, offers an engrossing narrative about the journey of India’s capital city and its evolution over the centuries.
7.Vindhyachal Thermal Power Station is Located in Singrauli district of Madhya Pradesh, with an installed capacity of 4,760MW.It is a coal-based power plant owned and operated by NTPC.
8.Holocaust Memorial Day (HMD) (27 January) is a national commemoration day in the United Kingdom dedicated to the remembrance of those who suffered in The Holocaust, under Nazi Persecution, and in subsequent genocides in Cambodia, Rwanda, Bosnia and Darfur.
9. The Central government on Friday said "Payments Banks and Small Finance Banks" will offer social security scheme Atal Pension Yojana (APY) to their subscribers.
"To strengthen the existing channels of APY distribution, it is felt that these new Payments Banks and Small Finance Banks will provide a boost to the outreach of subscribers under APY," the Ministry of Finance said in a statement.
According to the Ministry, currently there are 11 Payments Banks and 10 Small Finance Banks that have received license from the Reserve Bank of India (RBI) to start their operations.
"In order to familiarise these Small Finance Banks and Payment Banks in APY, the Pension Fund Regulatory and Development Authority (PFRDA) has conducted an Orientation Meeting on January 15, 2018 in New Delhi for all the Small Finance Banks and Payment Banks and discussed the implementation of Scheme in these banks".
10. Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹1 lakh per customer and may be increased further. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, net-banking and mobile-banking. Bharti Airtel set up India's first live payments bank. The RBI will grant full licenses under Section 22 of the Banking Regulation Act, 1949, after it is satisfied that the conditions have been fulfilled.On 23 September 2013, Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, headed by Nachiket Mor, was formed by the RBI.The minimum capital requirement is ₹100 crore. For the first five years, the stake of the promoter should remain at least 40%. Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India. The voting rights will be regulated by the Banking Regulation Act, 1949.
Small finance banks are a type of niche banks in India. Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending. The aim behind these to provide financial inclusion to sections of the economy not being served by other banks, such as small business units, small and marginal farmers, micro and small industries and unorganised sector entitiesThe firms must have a capital of ₹100 crore. Existing non-banking financial companies (NBFC), micro-finance institutions (MFI) and local area banks (LAB)[Local area banks are non scheduled banks.They were set up with the twin objectives of providing an institutional mechanism for promoting rural and semi urban savings and for providing credit for viable economic activities in the local areas.They were established as public limited companies in the private sector.They are promoted either by individuals, corporate, trusts or societies.They are governed by the provisions of Reserve Bank of India act 1934, Banking Regulation act 1949 and other relevant statutes.They are to be registered as public limited companies under the Indian companies act 1956
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