Daily GK Update 28 January, 2017

Daily GK Update 28 January, 2017


SBI Launches Wealth Management Product SBI Exclusif in Kochi
The State Bank of India has launched a new wealth management product named ‘SBI Exclusif’ in Kochi, Kerala. The product was launched by Chief General Manager, SBI, Kerala Circle, S Venkataraman.SBI Exclusif is targeted at fast growing affluent and high net worth customer segments of the bank.

Indian Navy’s Theatre Level Exercise, TROPEX 17 Begins
Theatre Readiness Operational Exercise (TROPEX), an annual Indian Navy exercise kicked started off the Western Seaboard. TROPEX 17 exercise is aimed at testing combat readiness of the combined fleets of the Indian Navy, and the assets of the Indian Air Force, Indian Army and the Indian Coast Guard

GAAR will be effective April 1, 2017, onwards: CBDT
The Union Finance Ministry has announced that the General Anti Avoidance Rule (GAAR) will be effective from the 1 April, 2017. GAAR seeks to prevent companies from routing transactions through other countries to avoid taxes. The rules are framed mainly to minimize and check avoidance of tax.

India ranked 79th in the Corruption Perception Index 2016
India has been ranked at 79th spot out of 176 countries in the Corruption Perception Index (CPI) for the year 2016. This rating is released by the Berlin-based corruption watchdog Transparency International (TI). New Zealand and Denmark jointly shared the first position as the least corrupt nations while Somalia was rated as the most corrupt country in the list.

ISRO successfully ground-tests Cryogenic Upper Stage engine meant for rocket GSLV-Mark-III
Indian Space Research Organisation (ISRO) has successfully ground tested the Cryogenic Upper Stage engine meant for the rocket GSLV-Mark-III at Mahendragiri in southern Tamil Nadu, demonstrating all the stage operations.


G.N. Rao to be inducted into Ophthalmology Hall of Fame
Gullapalli N. Rao, a noted Indian eye doctor, has been selected to the 2017 Ophthalmology Hall of Fame instituted by the American Society of Cataract and Refractive Surgery. Rao will be honoured at the induction ceremony in Los Angeles on May 6, 2017 at the annual meeting of the ASCRS.

Indian Hotels appoints Chandrasekaran non-executive Additional Director
Tata group hospitality firm Indian Hotels Co today announced the appointment of Tata Sons Chairman designate N Chandrasekaran as non-executive Additional Director. TCS chief Chandrasekaran was named the new Chairman of Tata Sons.

President appoints Banwarilal Purohit as Governor of Meghalaya
Prez Pranab Mukherjee has given Governor of Assam Banwarilal Purohit additional charge of Meghalaya. Besides, President also gave Governor of Nagaland PB Acharya additional charge of Arunachal Pradesh.

Dr Vijay Bhatkar appointed new vice-chancellor of Nalanda University
President Pranab Mukherjee has appointed Dr Vijay Bhatkar, architect of India’s first supercomputer the Param series, as the chancellor of Nalanda University. He shall succeed George Yeo, former Foreign Minister of Singapore, who resigned after the Board of the University was reconstituted.


PSU oil companies, Andhra Pradesh govt ink pacts
Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan stated that the public sector oil companies such as the HPCL, ONGC and the GAIL have signed MoUs for investing 1.65 lakh crore in Andhra Pradesh on several projects, many of them in the Krishna-Godavari basin.

Telangana signs MoU for aero skill academy
The Telangana government has signed a memorandum of agreement with French firm Aerocampus Aquitaine, known for aircraft maintenance skill training, to create a world-class aero skill academy.


Tokyo 2020 Unveils Son Goku As Olympics Ambassador
In order to woo the young audiences at the 2020 Olympics, the organisers of the Tokyo Games have unveiled Japan’s cult anime character Son Goku as its ambassador. Apart from the Dragonball Z character, other cartoon stars that will be massively visible throughout the sporting extravaganza will be Mario, Naruto and Sailor Moon.

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