1.All railway stations – nearly 8,500 across the country, including those in rural and remote areas – will be equipped with Wi-Fi facilities at an estimated cost of Rs 700 crore ($110 million). As part of the government’s ambitious Digital India initiative, the national transporter has currently commissioned Wi-Fi services at 216 major stations enabling about seven million rail passengers to log on to the free Internet facility.
2.Fintech startup Nearby Technologies has tied up with Yes Bankto provide Aadhaar- enabled cardless and pinless ATM service by which customers can deposit or withdraw money at retailers' place. Using the PayNEARBY mobile application on a smart phone, a retailer can become an Aadhaar ATM/Aadhaar Bank branch for cash withdrawals and deposits by a customer, Yes Bank said in a release.Yes Bank and Nearby worked closely with the National Payments Corporation of India (NPCI) to launch this service.
3.With an aim to promote skill development in northeast India, the centre and the states have been rolling out various projects.In a recent step in this direction, Assam Chief Minister Sarbananda Sonowal inaugurated various skill development centres across the state.
Focusing on the need to nurture skilled manpower in the state, Sonowal recently inaugurated around 249 skill centres in the state to impart vocational training to the native youth and help them become financially independent.The centres were inaugurated as a part of a programme organized by Department of Skill, Employment and Entrepreneurship at Srimanta Sankardev Kalakshetra in Guwahati.
4.The Bretton Woods twins refers to the two multilateral organizations created at the Bretton Woods Conference in 1944. They are:The World Bank. The International Monetary Fund.
5.The World Bank is different from the World Bank Group, an extended family of five international organizations: 1.International Bank for Reconstruction and Development (IBRD). 2 International Development Association (IDA). 3 International Finance Corporation (IFC). 4 Multilateral Investment Guarantee Agency (MIGA). 5.International Centre for Settlement of Investment Disputes (ICSID).
6.A new solution gaining popularity is the “bad bank”. The concept is simple: Divide a bank’s assets into two categories, good and bad. By separating the two, a bank can avoid the contamination of good assets by the bad. It also alleviates the concerns of investors and helps the bank focus on future lending by improving health and transparency.
7.India’s Chief Economic Advisor Arvind Subramanian said there is an urgent need for India to create a ‘bad bank’ that could buy up bad debts from lenders to restructure them, echoing the views of Reserve Bank of India’s newly-appointed Deputy Governor Viral Acharya, who yesterday had called for a new approach to tackle the problem of high NPAs (non performing assets).The proposed ‘bad bank’ would be a centralised agency that would take over the largest and most difficult stressed loans from public sector banks in order to help clean their balance sheets, and would take politically tough decisions to reduce debt, providing an impetus to further lending to spur economic activity.
8. Jhumpa Lahiri : Book : The Namesake / Interpreter of Maladies / Unaccustomed Earth / The Lowland .
9.Every year the festival takes place in Ahmedabad from 7th to 15th of January every year and a large number of kite flyers from different parts of the country as well as from a number of other countries in the world participate in it.The kite flying festival during Makaar Sankranti is one of the most important events in Gujarat tourism calendar and to promote tourism in the sate every year the festival is arranged in different cities of the state.
10.French mathematician Yves Meyer was awarded the 2017 Abel Prize for his work on wavelets, a mathematical theory with applications in data compression, medical imaging and the detection of gravitational waves.
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