Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed died
Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed passed away on 7 January 2016 at the AIIMS hospital in New Delhi. He was 79.
Sayeed who founded the Jammu and Kashmir Peoples Democratic Party (PDP) had been admitted to AIIMS in Delhi with complaints of severe fever and neck pain.
Union Cabinet approved Stand Up India Scheme
The Union Cabinet on 6 January 2016 approved the Stand Up India Scheme to promote entrepreneurship among Scheduled Caste/Scheduled Tribes and Women entrepreneurs.
The Scheme is intended to facilitate at least two projects per bank branch, on an average one for each category of entrepreneur. It is expected to benefit at least 2.5 lakh borrowers.
The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the Scheme.
The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the Scheme.
Andhra Bank launched Immediate Payment Service
Andhra Bank on 6 January 2016 launched Immediate Payment Service (IMPS) across all its branches in association with the National Payments Corporation of India (NPCI).
The service makes payments possible within fraction of seconds with all the standards and integrity maintained for security.
The service makes payments possible within fraction of seconds with all the standards and integrity maintained for security.
Apurvi Chandela broke world record to win gold at Swedish Cup Grand Prix
Indian shooter Apurvi Chandela broke the world record on 5 January 2016 to grab a gold medal in the women's 10 metre air rifle event at the Swedish Cup Grand Prix.
Chandela shot 211.2 in the event to outshine the feat of Chinese Olympic gold medallist Yi Siling, who held the record with 211.
On the other hand, Swedish shooters Astrid Steffensen and Stine Nielsen won the silver and bronze, respectively.
Union Government decides to directly shift from BS-IV to BS-VI Emission norms in 2020
Union Ministry of Road Transport & Highways has decided to implement the stricter emission norms of Bharat Stage (BS) VI from 1st April 2020 in a bid to curb vehicular pollution. Government will directly switch over to BS-VI emission norms from the present BS-IV emission norms and completely skip BS-V emission norms altogether. Decision in this regard was taken at an inter-ministerial meeting chaired by Unon Road Transport and Highways Minister Nitin Gadkari and was attended by Oil Minister Dharmendra Pradhan, Heavy Industries Minister Anant Geete and Environment Minister Prakash Javadekar.
Union Ministry of Road Transport & Highways has decided to implement the stricter emission norms of Bharat Stage (BS) VI from 1st April 2020 in a bid to curb vehicular pollution. Government will directly switch over to BS-VI emission norms from the present BS-IV emission norms and completely skip BS-V emission norms altogether. Decision in this regard was taken at an inter-ministerial meeting chaired by Unon Road Transport and Highways Minister Nitin Gadkari and was attended by Oil Minister Dharmendra Pradhan, Heavy Industries Minister Anant Geete and Environment Minister Prakash Javadekar.
Union Cabinet approves creation of a Credit Guarantee Fund for MUDRA loans
The Union Cabinet has approved creation of a Credit Guarantee Fund (CGF) for Micro Units Development Refinance Agency (MUDRA) loans. The CGF is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance.
The Union Cabinet has approved creation of a Credit Guarantee Fund (CGF) for Micro Units Development Refinance Agency (MUDRA) loans. The CGF is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance.
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