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Thursday, January 5, 2017

DAILY CURRENT AFFAIRS: 5TH JAN 2017

DAILY CURRENT AFFAIRS: 5TH JAN 2017
(Daily News India)
Shared By: WWW.DailyGk.IN

1. CHINA LAUNCHES FIRST FREIGHT TRAIN TO LONDON
i. China has launched its first freight train to London.
ii. The train will travel for about 18 days and more than 12,000 km before reaching its destination in Britain.
iii. It will pass through Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France before arriving in London.

2. CENTRE APPROVES NEW PROJECTS FOR GANGA CLEANING OVER RS. 370 CRORE
i. The National Mission for Clean Ganga has approved many new projects at an estimated cost of over Rs 370 crore for its ongoing Ganga rejuvenation programme in Haridwar and Varanasi
ii. In Haridwar, 68 MLD sewage treatment plant in Jagjeetpur and 14 MLD STP in Sarai have been approved at an indicative cost of Rs 110.30 crore and Rs 25 crore respectively under Hybrid Annuity based PPP mode.
iii. The ‘Namami Gange’ programme was launched as a mission to achieve the target of cleaning river Ganga in an effective manner by involving all stakeholders.

3. TELANGANA AND ASSAM JOINS UDAY SCHEME
i. Assam and Telangana signed a pact with the Power Minister, Piyush Goyal to join the UDAY scheme in New Delhi in a bid to improve the performance of state run power distribution companies.
ii. Since the launch of the UDAY Scheme, the Power Ministry has signed Agreements with 18 states to join the Scheme. With the joining of Assam and Telangana, the total states covered under the scheme rose to 20.

4. FINLAND BECOME 1ST COUNTRY IN WORLD TO PAY BASIC INCOME TO RANDOMLY PICKED CITIZENS ON NATIONAL LEVEL
i. Finland become First country in world to pay basic income to Citizens to ensure a universal income offering greater security, especially as technological advances reduce the need for human labour.
ii. Its main aim to tackle unemployment, which stands at 8.1 percent in a nation of 5.5 million.
iii. Under this programme every month 2,000 selected unemployed will get 560 Euros.

5. MUNICH RE TO OPEN REINSURANCE BRANCH OFFICE IN MUMBAI
i. Germany based Munich Reinsurance Company has planned to open its branch office in Mumbai to provide the property-casualty, life, health reinsurance markets in India.
ii. Munich Re is one of the first foreign reinsurers to receive approval for a dedicated branch in India.

6. YES BANK TIES-UP WITH BAJAJ ELECTRICALS FOR VENDOR FINANCING USING BLOCK CHAIN
i. Yes Bank has tied-up with Bajaj Electricals for vendor financing using block chain solution.
ii. Block chain solutions is a distributed database that maintains a continuously-growing list of ordered records called blocks
iv. ICICI Bank was the India’s first bank to execute its first transaction on block chain.

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