1)Banking and Finance

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1) Banking and Finance: 2017 World Economic Forum (WEF) annual meeting Held in Davos, Switzerland i. The World Economic Forum Annual Meeting 2017 was held in Davos-Klosters, Switzerland from January 17-20, 2017.The theme of 47th World Economic Forum Annual Meeting 2017 is Responsive and Responsible Leadership. ii. The inaugural had musical concert by violinist Anne- Sophie Mutter. iii. The Coalition for Epidemic Preparedness Innovations (CEPI) was launched at World Economic Forum (WEF) Davos with $460-million funding to develop vaccines against 3 emerging highly-contagious and fatal diseases namely Middle East respiratory syndrome (MERS)-coronavirus, Lassa fever, and Nipah virus. iv. The annual WEF meeting concluded with a musical performance by Afghan’s firstwomen Orchestra ‘Zohra’ on January 20, 2017 in Davos.

Kwality Ltd Signs MoU with Bank of Baroda for Rs 4000 Cr Loan to Farmers i. Mumbai based dairy firm Kwality Ltd has signed an MoU with Bank of Baroda on January 20, 2017 to provide Rs. 4000 crore loans to one lakh farmers out of the established networks from whom the company procures milk. ii. The MoU aims to provide financial assistance to improve socio-economic lives of farmers and encourage them towards digitisation. iii. Kwality has a network of about 3.25 lakh across about 4,500 villages in largest milk producing states of Uttar Pradesh, Haryana and Rajasthan. The remaining farmers would be covered in subsequent phases over a period of time. iv. The funds will be available at preferential rate and will be utilised mainly for purchasing of milching animals, smartphone and two wheelers.

Apple Named as The Most Innovative Company In The World i. According to the annual 50 Most Innovative Companies survey report published by the management consulting firm BCG (Boston Consulting Group), , Apple Inc. has been named as the World’s Most Innovative Company in 2016. ii. This is the 11th time that the report has been revised since it first appeared in the year 2004. iii. BCG surveyed more than 1,500 senior innovation executives around the globe. Out of the top 50 most innovative companies, 34 are based in the US, 6 in Asia, and 10 in Europe. Top 5 Most innovative Company 1 Apple 2 Google 3 Tesla Motors 4 Microsoft 5 Amazon WB Nets Over Rs 2.35 lakh cr Proposals  West Bengal has received investment proposals worth Rs 2.35 lakh cr across sectors at the 3rd Global Bengal Business Summit.  The State has secured investments across sectors like urban development, manufacturing, & transport.  Chinese companies have expressed interest in a ₹27000 cr mass rail transit programme;  Manufacturing sector netted investment commitments of Rs 61,765 cr

For: BANK PO / CLERK, NEET, JEE, TNPSC Gr-I,II,IV,VII & VAO, SSC, RRB,TET,TRB, POLICE, SI,NIC-AO, LIC-ADO & AO,BSNL-JE AND ENTRANCE EXAMS E-MAIL: [email protected], cell: 9360246557 / 0427-4056557 Model Exam Website: www.arunacademy.in, www.facebook.com/arunacademy Branch Name: SALEM ERODE NAMAKKAL DHARMAPURI ATTUR Contact No: 9994949322 9942029422 9994953608 9994983313 9994953607

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Apple Files $1B Suit Against Qualcomm  Apple Inc has filed a $1 billion lawsuit against supplier Qualcomm Inc after the U.S. govt accused the chip maker of resorting to anti competitive tactics to maintain a monopoly.  Qualcomm is a major supplier to both Apple & Samsung Electronics for chips that connect phones to wireless networks.  The two companies together accounted for 40 percent of Qualcomm’s $23.5 billion in revenue.

2) Appointments: Ex-BCCI president Anurag Thakur to head Himachal Olympic Association i. Ex-BCCI president Anurag Thakur was today unanimously elected head of the Himachal Pradesh Olympic Association (HPOA) for a four-year term. ii. Nirwan Mukherjee was Observer from Indian Olympic Association for the polls. iii. Surat Singh Thakur was the Returning Officer to conduct the elections. iv. Virender Kanwar was elected Senior Vice-President, while Rajesh Bhandari, who is a Vice President of the Boxing Federation of India, was elected General Secretary.

3) Sports: Sunish wins ITF Juniors title i. Dhruv Sunish won ITF Juniors title at the Dakshin Kalikata Sansad clay courts. ii. The under-18 India number two, who had lost in the finals of the Chandigarh Grade 3 ITF Juniors in the first week of 2017 and 2 ITF Juniors in 2016, played flawlessly to drub the Kazakh 6-2 6-3 Saina Nehwal Lifts 2017 Malaysia Masters Grand Prix Gold i. Indian badminton ace Saina Nehwal clinched the 2017 Malaysia Masters Grand Prix Gold women’s single title in the summit clash in Sibu, Malaysia on January 22, 2017. ii. The top-seeded London Olympics bronze-medallist, defeated 18-year-old Thai Pornpawee Chochuwong, 22-20 22-20. iii. This was her first award of 2017 and 23rd title overall. 2017 Malaysia Masters Grand Prix Gold winner list Title Winner Runner Men’s Ng Ka Long(Hong Kong) Lee Hyun-il(South Korea) Singles Women’s Saina Nehwal(India) Pornpawee Chochuwong(Thailand) Singles Men’s Berry Angriawan & Hardianto9 Goh Sze Fei & Nur Doubles Indonesia) Izzuddin(Malaysia) Women’s Jongkolphan Kititharakul & Poon Lok Yan & Tse Ying Doubles Rawinda Prajongjai(Thailand) Suet(Hong Kong) Mixed Tan Kian Meng & Lai Pei Jing9 Goh Soon Huat & Shevon Jemie Doubles Malaysia) Lai(Malaysia)

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4) Persons: Urdu poet, lyricist Naqsh Lyallpuri dies at 88 i. Renowned Urdu poet and lyricist Naqsh Lyallpuri died. He was 88. ii. He wrote lyrics in films like “Chetna”, which was his first big break, followed by “Aahista Aahista”, “Tumhare Liye”, “Gharonda” among others. iii. He also wrote lyrics for the 2005 “Taj Mahal- An eternal love story” and “Yaatra” in 2006, whose music was composed by Naushad and Khayyam respectively.

EC Censures Kejriwal for Bribe Remarks  The Election Commission has censured Aam Aadmi Party convenor and Delhi Chief Minister Arvind Kejriwal for violation of model code.  Kejriwal had asked the voters to take money if offered by the Congress and the BJP, “but vote only for AAP”.  He made these remarks at a poll rally in Goa.  The EC said if he continues to violate the model code, stern action would be taken against him.

5) Defense: Special Task Force for Women Safety in Delhi Reconstituted i. A special task force (STF) for women safety has been reconstituted under the Chairmanship of Lieutenant Governor (L-G) Anil Baijal to review the decisions taken by the Delhi Police and other departments regarding women’s safety on January 20, 2017. ii. The 11-member STF will have Delhi Chief Secretary, Delhi Police Commissioner, DCW chief, and Principal Secretary, Home Department (Delhi) among others as its members. The force will conduct a meeting every 15 days. iii. The decision regarding reconstitution of the force was taken after a notice issued by the High Court to the L- G on a petition by Delhi Commission for Women (DCW) chief Swati Maliwal seeking response as to whether any committee on women’s safety was in place or not. iv. The task force was established in 2013 following the December 16, 2012 Nirbhaya Gangrape. It was disbanded in 2016.

PM Addressed Top Military Commanders  PM Modi addressed the Combined Commanders’ Conference at the Indian Military Academy in Dehradun.  The annual conference was held in Dehradun as part of Modi’s wish to organise it outside Delhi.  The PM along with top commanders reportedly took stock of the security challenges before the country  This was the first conference for all the three service chiefs who took over last year.

Dhanush to be Showcased in R- Day Parade  India’s first indigenous, long-range artillery gun ‘Dhanush’, aka ‘Desi Bofors’, will be showcased for the first time at the Republic Day parade in New Delhi.  It was manufactured by Jabalpur-based Gun Carriage Factory (GCF), the 155-mm gun cost about Rs14.50 crore a piece  The indigenous gun has a strike range of 38 km, which is 11 km more than the imported Bofors guns.

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6) Place: Over 3.5 L People Sing National Anthem  Over 3.5 lakh people set a new world record by singing the national anthem at an event at Kagvad in Rajkot district of Gujarat.  The occasion was installation of idol of goddess Khodiyar at a newly-built Khodal Dham temple.  Earlier, 2,54,537 people had sung the national anthem in Bangladesh in 2014 & set a record.  That record was broken & Guinness World Records had issued the certificate.

7) Science and Technology: TeamIndus proposes nameplate on the Moon for Rs.500 i. A Bengaluru start-up TeamIndus proposes nameplate on the Moon for Rs.500. ii. Indians are being offered the opportunity to leave their name on the moon, for a price iii. Space start-up TeamIndus will get the names of public ‘donors’ micro-engraved on a small-sized aluminium object, which will be placed on the lunar surface when its lander descends on the moon.

China Commissions its 31st Stealth Warship i. In a move to rapidly expand its naval fleet, China’s People’s Liberation Army Navy commissioned its 31st stealth warship on January 22, 2017. ii. With the commissioning of the 31st Type—056 class corvette warship, CNS Ezhou, China has become the world’s largest fleet of modern corvettes. iii. The CNS Ezhou with a hull number of 513 was delivered to the East Sea Fleet in a naval base in East China’s Fujian province on January 18, 2017. It is 89 meters long and 11 m wide and has a full displacement of 1,254 metric tons. iv. With a maximum speed of 52 km/h, the ship is installed with a high-level of automation and stealth capability, and is capable of hitting aircraft, ships and submarines. The ship has been deployed to perform coastal patrol, fishery escort, anti-submarine and anti-ship operations. v. It is the second ship that has been commissioned to the PLA Navy since the start of 2017. Earlier CNS Kaiyangxing, a Type—815A class electronic reconnaissance ship was commissioned which now belongs to the North Sea Fleet.

Indian Scientists Deploys Plasma to Heal Human & Earth i. Indian scientists at the Institute for Plasma Research (IPR), lying between Sabarmati River in Gandhinagar and Amul Diary have taken steps to make use of plasma for healing not only humans but also the earth. ii. Plasma is a unique state of matter (other than solid, liquid and gas) in which charged ions are bound in gaseous form but since the whole mass is charged they behave uniquely unlike any other known form of matter. iii. The most intense and dense state of plasma is the Sun. When hot gasses stripped of electrons are bound together in an exceptional state then one of the consequences of that giant ball of plasma is the release of solar energy that literally powers life on Earth. iv. This study states that plasma has a life giving property. Mostly plasmas are formed at very high temperatures but scientists can generate them at low temperature as well. v. Cool plasma can be used to cure human fungal infections. Besides, it is also used to treat a type of very warm wool called Angoora that produces some of the warmest woollen clothing.

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vi. In addition, high temperature plasmas are also being used to destroy toxic and organic waste from hospitals, thus helping heal the Earth.

Punjab National Bank Launches Contactless Credit Card i. Punjab National Bank (PNB) has launched a Contactless Credit Card named PNB Wave N Pay on January 21, 2017 in New Delhi to further enhance its digitalization initiative. ii. The new card was launched by the Managing Director & Chief Executive Officer of PNB, Usha Ananthasubramanian and is developed on Visa Platinum platform. iii. The customers simply need to waive the card across the terminal to complete the transaction process, without the need to enter any PIN number for transactions up to Rs 2,000. In case of any fraud or misuse, the customer is entitled to get full refund. Punjab National Bank (PNB) ♦ Headquarters: New Delhi ♦ CEO: Usha Ananthasubramanian ♦ Founded: 19 May 1894 ♦ Slogan: The Name you can Bank Upon

Scientists to explore Wolf 1061c  Scientists have discovered an exoplanet named Wolf 1061 located around 14 light years away from Earth that could be the habitable planet in the future after Earth.It was discovered by astronomer Stephen Kane from San Francisco State University  Scientists have discovered that it orbits around the sun at a much faster rate, hence the climate is chaotic.

FreeCharge Launch Mutual Funds Platform  FreeCharge has announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund.  With the launch of the facility, users can invest in a Money Market Mutual Fund that targets higher returns.  The entire process from investing to redemption is paperless.  The scheme will invest in ultra-short term debt funds, which are traditionally safer.

Scientists Develop Robotic Sleeve  Researchers from Harvard University and Boston Children’s Hospital have developed a customizable soft robotic sleeve to encase a diseased heart and help it beat  The newly developed device is designed to help people who are experiencing heart failure  It has been programmed to move in the same pattern as the weakened heart muscle to which it surrounds

Microsoft acquires Simplygon  Microsoft has acquired Sweden-based company Simplygon to accelerate innovation in enabling 3D for everyone.  Developer of automatic 3D data-optimisation solutions, Simplygon was developed by Donya Labs AB, a privately-held company based in Sweden.

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 Simplygon is a leader in 3D game optimisation, dedicated to helping creators and users of 3D.

8) AWARDS & HONOURS Over 3.5 lakh People Sing National Anthem to Create World Record in Gujarat i. Over 3.5 lakh people in Gujarat created a world record on January 21, 2017 by singing the National Anthem at an event of installation of idol of goddess Khodiyar at a newly-built Khodal Dham temple in Kagvad town in Rajkot district. ii. During the 5-day installation ceremony which began on January 17, 2017, over 50 lakh devotees were estimated to have visited the temple. Goddess Khodiyar is particularly revered by the Leuva Patel community. iii. The temple has been built at the cost of Rs. 60 crore. Observers from Guinness World Records were present to monitor the event. iv. Earlier, similar record was made by 2,54,537 people who sung the national anthem in Bangladesh in 2014.

9) Others: Gujarat: Over 3.5 lakh people sing national anthem, set new world record i. More than 3.5 lakh people in Gujarat’s Rajkot district set a new world record by singing the national anthem at an event. The feat took place at the installation of a Khodiyar goddess idol at the newly-built Khodal Dham temple in the town. ii. “Over 3.5 lakh people sang the anthem together at the idol installation ritual in the presence of observers from Guinness World Records,” said Hansraj Gajera, a member of Khodal Dham temple trust. The previous record stood for 2,54,537 people singing the national anthem in Bangladesh in 2014.

Himachal Pradesh Found Best State in Learning Outcomes by ASER i. According to the 2016 Annual Status of Education Report (ASER), developed by a non-governmental organisation, Pratham, Himachal Pradesh was found to be best performing state in India on the education front as compared to the rest of the states. ii. Himachal Pradesh had the highest reading and mathematics learning levels, surpassing even Kerala which is regarded as the most literate state of India. iii. As per the report the enrolment rate of students in the age group 6-14 in Himachal Pradesh was 99.8 percent and the state secured first rank in achieving learning outcomes in basic reading and mathematics across the country.

Bihar Forms 11,292 km Human Chain to Eliminate Alcohol i. Bihar formed the world’s largest human chain in the state on January 21, 2017 by holding hands of each other in order to express unity and support towards liquor ban. ii. The human chain was about 11,292 km comprising of two crore citizens. iii. The 45-minute-long human chain formation was inaugurated at the historic Gandhi Maidan by Chief Minister Nitish Kumar by holding the hand of RJD supremo Lalu Prasad Yadav on one side and state Legislative Assembly Speaker Vijay Kumar Chaudhary on the other. iv. The CM, Lalu Prasad and other leaders stood in lines to form a map of Bihar. A picture of liquor bottle with a cross sign was drawn in the middle of this map to give the message against alcohol. v. Besides, BIHAR was written in dark black color in the middle of the map so that ISRO sattelite, drones and helicopters could capture the clear picture of the event.

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vi. This human chain is considered to be the world’s largest. The previous record is of 1050 km long human chain that was formed in Bangladesh in 2004.

Three-Day Arogya Mitra Conference Begins in Silchar, Assam i. Assam State Governor Banwarilal Purohit inaugurated the Arogya Mitra conference on January 21, 2017 at Silchar. The three day conference has been organised by the south Assam zone of the NGO, Keshab Smarak Sanskriti Surabhi at the campus of Veterinary College, Ghungoor. ii. Aim of the Conference 1.Make available minimum free medical services to the people of isolated and backward places. 2.Make people conscious of their health. 3.Provide special training to the workers, extend social services. 4.Arrange health check up camps. iii. Aarogya Mitra Seva Kendra have been set up in 701 places to achieve the objective. The conference would see participation by over 1000 people from Barak Valley and adjoining areas.

Centre Foms Committee to Frame Rules for Implementation of RPD Act i. A committee has been constituted by the Centre on January 22, 2017 to frame uniform rules for the states to avoid delay in proper implementation of the Rights of Persons with Disabilities (RPD) Act across the country. ii. The Committee will be headed by Secretary from Department of Empowerment of Persons with Disabilities (DEPwD). It will also comprise of representatives from Ministry of Health, Department of Personnel and Training, Labour, Legislative Department, and representatives from NGOs. iii. Besides, it will also have Principal Secretary/Secretary, Social Welfare Department from Gujarat, Karnataka, Odisha, Madhya Pradesh, Assam and Uttar Pradesh. iv. The committee has to submit its report within three months. The Ministry plans to notify the rules on April 14, 2017, the birth anniversary of B R Ambedkar.

PM Modi attend the Combined Commanders Conference in Uttarakhand i. Prime Minister Narendra Modi has arrived in Dehradun to inaugurate the Combined Commanders Conference. ii. The Prime Minister reached the Indian Military Academy (IMA) campus from the Jolly Grant airport in a special Indian Air Force (IAF) chopper. iii. The military conference is being attended by the defense minister Manohar Parrikar.

Russian Railways help India to increase the speed of train to 200km i. India’s passenger train speed will be increased to 200 km per hour with the help of Russian Railways and budget of the high speed train will be shared between the two countries in the ratio 50:50 ii. Russian Railways is at present collaborating with Indian Railways on a 575-km stretch between Nagpur and Secunderabad. iii. The fastest train in India is Gatimaan Express with the speed of 160 km per hour.

Russia : ♦ Capital: Moscow ♦ Currency: Russian ruble ♦ President: Vladimir Putin

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No More Visa-Free Facility for Indians in Hong Kong i. Hong Kong has withdrawn the visa-on arrival facility for Indians travelling to Hong Kong effective from January 23, 2017. ii. From now, the Indian nationals must apply for and successfully complete pre-arrival registration online before they can visit or transit the HKSAR visa-free. iii. However for those Indians who are travelling in direct transit by air via Hong Kong and not leaving the Hong Kong airport transit area would not require pre-arrival registration. vi. The Pre-Arrival Registration is valid for a six-month period or until the expiry date of the Indian passport linked to it, whichever is earlier. v. Indians were till now permitted by Hong Kong to enter with valid passport for a period up to 14 days without a visa. But the facility has been withdrawn since the number of Indian asylum seekers was on the rise for business, trade and holiday purpose.

CCI Approves Merging MakeMyTrip with ibibo Group i. The Competition Commission of India (CCI) on January 20, 2017 approved the proposed merger of online travel firm MakeMyTrip’s Indian travel business with rival Ibibo Group. The closing of the transaction is expected to be around January 31, 2017. ii. The deal for merging the two online travel booking firms was first announced in October 2016 and the transaction was expected to be closed by the end of December 2016. iii. Under the deal, MakeMyTrip will own the business of Ibibo Group including goibibo, redBus, Ryde and Rightstay. The two companies together processed 34.1 million transactions during the financial year 2016. iv. With the deal Ibibo’s owners, Naspers and Tencent will own 40% stake in the merged entity and will have 10 directors.

Women Stage Massive Anti-Trump Protests  Women turned out in large numbers in major US cities in the historic Women’s March in a stunning show of protest on the first full day of the Trump administration.  The protest comes after a series of controversial comments by President Trump during his election campaign.  Protesters said they believe the rights of many Americans are under threat from the new administration.

Ex-President Jammeh Leaves The Gambia  Gambia’s former President Yahya Jammeh has left the country in the wake of elections that ousted him after 22 years in power.  Mr Jammeh was defeated in December’s election by Adama Barrow but went on to challenge the results.  He had at first accepted defeat in the election but then reversed his position.  He’s the first president to peacefully hand over power in The Gambia since 1965.

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Hong Kong Withdraws Visa-Free Facility  Hong Kong has withdrawn the visa-free facility for Indians who will have to complete a pre-arrival registration.Henceforth,Indian Nationals will require Pre-arrival Registration  The pre-arrival registration will be valid for a 6 month period or until the expiry date of the Indian passport linked to it

AYUSH Ministry & ASCI Ink MoU  The Union Ministry of AYUSH & ASCI have signed a MoUs to co-regulate malpractices in the advertisement of AYUSH sector.  ASCI will comprehensively monitor these advertisements across print and electronic media with respect to AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy) drugs, treatments & related services.  ASCI is the Advertising Standards Council of India.

Don’t add Hindi dialects in 8th Schedule  A group of Hindi professors have written to PM Modi requesting not to add dialects of Hindi, like Bhojpuri and Rajasthani,in the 8th Schedule of the Constitution as full-fledged Indian languages  22 Indian languages are recognized by the constitution.Of the 22 official languages,15 are Indo-Aryan,4 are Dravidian,2 are Tibeto-Burman, & 1 is Munda

Indian Railways Set to Raise $5 billion  The Indian Railways has decided to set up a $5 billion Railways of India Development Fund so as to support commercially viable projects in railway sector in India.  The World Bank would fund 80% RIDF while 20% fund would be raised by the Indian railways.  Railways hopes to set up this fund by the end of the first quarter of the 2018.