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Daily Current Affairs Jan 16th, 2021

India and Japan sign MoU to enhance cooperation in Information and Communications Technologies field

The MoU was signed by Minister for Communications, Electronics & IT Ravi Shankar Prasad & the Japanese Minister for Internal Affairs & Communications Takeda Ryota. enhance mutual cooperation in the field of 5G technologies, telecom security, etc.

Did you Know

Capital: Tokyo; Currency: Japanese yen; PM: Yoshihide Suga

India’s forex reserves up by $758 million to lifetime high of $586.082 billion

foreign currency assets (FCAs), a major component of the overall reserves, rose by $150 million to $541.791 billion.The country’s reserve position with the IMF rose by $35 million to $5.181 billion.The gold reserves climbed by $568 million to $37.594 bn.

Did you Know

Special drawing rights with the IMF increased by $5M to $1.515Bn

General Motors To Invest C$1 Billion In Canada Plant To Manufacture Electric Vans

General Motors Co & labor union Unifor have reached a tentative deal for the automaker to invest nearly C$1 billion ($785.42 million) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture commercial electric vans(EV600).

Did you Know

Capital: Ottawa; Currency: Canadian Dollar; PM:Justin Trudeau

Thales and Bharat Dynamics Limited (BDL), bringing STARStreak Air Defence system

The Teaming Agreement was signed by Thales and BDL in the presence of UK and Indian Government representatives in a virtual ceremony. STARStreak is unique due to its three laser-guided darts, which cannot be jammed by any known countermeasure.

Did you Know

Missile system is in service in the British Army.

Rajnath Singh unveils Beml’s driverless metro cars for Mumbai Metropolitan Region Development Authority (MMRDA)

The cars will operate on 25 kV AC traction power and equipped with CCTV surveillance and with the provision to carry passenger bicycles in the coaches. Cars are made up of stainless steel body with a capacity of carrying 2280 passengers.

Did you Know

Union Defence Minister: Rajnath Singh

Fiat Chrysler partners with Wipro to establish its first global digital hub in Hyderabad, India

Digital hub called Fiat Chrysler Automobiles (FCA). It supports Information & Communication Technology operations to focus on delivering premium mobility services & help FCA to achieve its goal to enhance customer centricity through digital transformation.

Did you Know

Wipro HQ: Bengaluru; Formed: 1945; Founder: M.H. Hasham Premji

Former MP and vice-president of Tamil Maanila Congress BS Gnanadesikan (71) passes away

He was being treated for an age-related illness.Gnanadesikan was a staunch follower of Congress leader and former Tamil Nadu Chief Minister K Kamaraj.From 2011-2014, he served as the president of TNCC.Gnanadesikan was elected to the Rajya Sabha in twice.

Did you Know

TN CM: Edappadi K. Palaniswami; Governor:Banwarilal Purohit

11 domestic companies in Hurun’s top 500 list, India ranked 10th

The total value of these 11 companies grew 14% & has been pegged at $805 billion or nearly a third of the Indian GDP. Reliance Industries topped among the local enterprises with a rank of 54rd then followed by TCS (73rd), HDFC (105rd).

Did you Know

Apple topped in the list, followed by Microsoft, Amazon.

Digit Insurance becomes first start-up to enter the unicorn club in 2021 with $1.9 billion valuation

Digit is an insurance start-up, founded with the aim of making insurance simple. It has a portfolio of products across motor, travel, property and health insurance.The insurer uses technology to simplify processes for their customers.

Did you Know

It is a part of the sandbox initiative of IRDA

Union Minister Nitin Gadkari lays foundation stone virtually for construction of elevated corridor at in Hubballi, Karnataka

The foundation stone for the construction of an elevated corridor at Rani Chennamma Circle in Hubballi. The Minister announced that a decision is taken for 13 highway projects of 847 kilometres at a cost of Rs 21,000 crore in North Karnataka.

Did you Know

Union Minister for Road Transport, Highways and MSMEs

Wonderla Bangalore, theme park receives COV-safe certification from Bureau Veritas

First theme park chain in India to receive this highly coveted certification that will help to reduce the risk of the pandemic for visitors and park employees.’COV-SAFE Hygiene Assessment’ is based on leadership, risk management, personal hygiene, etc.

Did you Know

Wonderla Bangalore awarded a DIAMOND grade certification.

Shri Piyush Goyal inaugurates the ‘Prarambh: Startup India International Summit’.

The two-day summit begins in New Delhi with members of BIMSTEC. The Summit is being organized by the Department for Promotion of Industry & Internal Trade, M/o Commerce & Industry. It is a demonstration of neighbourhood first policy to booster partnership

Did you Know

Bay of Bengal Initiative for Multi-Sectoral Technical & Economy.

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