DAILY GK UPDATED 08-DECEMBER-2015

India to sign deal with Japan to get first bullet train
                 
DAILY GK UPDATED 08-DECEMBER-2015
DAILY GK UPDATED 08-DECEMBER-2015
India is set to sign a deal with Japan this week on the country’s first bullet train, with Tokyo financing the bulk of the high-speed rail project between Mumbai and Ahmedabad through a $8 billion loan, a leading Japanese business daily reported on Tuesday. Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will issue a joint statement on the deal on Saturday during latter’s visit to India, The Nikkei reported.
Abe will convey an offer of more than $8.1 billion in official Japanese lending for the roughly $14.6 billion project to link Mumbai and Ahmedabad with 505 km railway line, it said.
Florida Mayor bans Donald Trump after comment on Muslims
                                         
DAILY GK UPDATED 08-DECEMBER-2015
DAILY GK UPDATED 08-DECEMBER-2015
A Florida Mayor said he is banning Donald Trump from his city after the Republican presidential candidate called for the US to stop Muslims from entering the country.Playing off of Mr. Trump’s earlier words, St. Petersburg Mayor Rick Kriseman tweeted yesterday that he was banning Mr. Trump “until we fully understand the dangerous threat posed by all Trumps.”
Trump’s proposed ban is in response to what he called hatred among “large segments of the Muslim population” toward Americans.Mr. Trump said the ban should be implemented “until we are able to determine and understand this problem and the dangerous threat it poses.” Mr. Trump’s proposal was quickly condemned by other Republican and Democratic presidential candidates.
SEBI orders freezing bank, demat accounts of Sunplant Forgings
                          
DAILY GK UPDATED 08-DECEMBER-2015
DAILY GK UPDATED 08-DECEMBER-2015
          Markets regulator SEBI has ordered attachment of bank and demat accounts of Sunplant Forgings, its promoters and directors, to recover dues worth over Rs 17 crore.Also, the company and its promoters and directors — Abhinandan Kumar Singh, Sumanta Singh, Neeraj Pathak and Arup Kumar De — had been barred from the securities markets for four years and this ban would continue till the completion of refund to investors.
Similarly, it has directed depositories —NSDL and CDSL — to attach all demat accounts of the defaulters.In a separate order, the regulator has slapped a penalty of Rs 5 lakh on Mangal Keshav Capital for alleged failure to make timely disclosures about its acquisition of shares in Arms Paper Ltd.Mangal Keshav Capital has violated the provisions related to PIT (Prohibition of Insider Trading) norm and SAST (Substantial Acquisition of shares) Regulations, SEBI said.
RBI governor optimistic about passage of GST
                             
DAILY GK UPDATED 08-DECEMBER-2015
DAILY GK UPDATED 08-DECEMBER-2015
Optimistic about the passage of long pending GST Bill in the Parliament, RBI Governor Raghuram Rajan has told American investors that continued focus on fiscal consolidation and inflation will mean they will reach their targeted goal.Mr. Rajan said RBI’s continued focus on fiscal consolidation and inflation will mean that they will reach their targeted goals, according to a USIBC media statement.
During the interaction, Mr. Rajan said he is optimistic about the passage of goods and services tax (GST) and the opportunities for compromise that will help realise the goals of the GST - a unified tax market, improvement in tax collection and broadening the tax base, USIBC said.USIBC applauded the Indian government for its recent reform introduced in private sector banking that permits the total foreign holding in private banks to have a composite cap of 74 per cent and eliminates existing sub-limits for FDI and FII capital (which were at 49 per cent).
World’s first biologically powered chip created
                
DAILY GK UPDATED 08-DECEMBER-2015
DAILY GK UPDATED 08-DECEMBER-2015
        In a major breakthrough, researchers at Columbia Engineering have harnessed the molecular machinery of living systems to power an integrated circuit.They achieved this by integrating a conventional solid-state complementary metal-oxide-semiconductor (CMOS) integrated circuit with an artificial lipid bilayer membrane containing adenosine triphosphate (ATP)-powered ion pumps.In living systems, ATP is used to transport energy from where it is generated to where it is consumed in the cell.
“In combining a biological electronic device with CMOS, we will be able to create new systems not possible with either technology alone,” said study leader professor Ken Shepard.While other groups have harvested energy from living systems, Ken Shepard and his team are exploring how to do this at the molecular level, isolating just the desired function and interfacing this with electronics.
Tata Comm concludes deal to sell Neotel fixed line to Vodacom
                             
DAILY GK UPDATED 08-DECEMBER-2015
DAILY GK UPDATED 08-DECEMBER-2015
        Tata Communications on Tuesday said it will sell majority of its subsidiary Neotel’s fixed line assets to Vodacom South Africa but will retain control of licences including spectrum.The deal was originally signed in May last year wherein Vodafone’s South African subsidiary Vodacom had reached an agreement to buy Neotel, controlled by Tata Communications, for 7 billion rand (about Rs 3,200 crore).In dollar terms, the value of transaction at that time was around $676 million which has come down to $479 million due to depreciation in value of South African rand. Neotel, under the revised pact, will offer a roaming arrangement to all the mobile network operators in the country, including Vodacom.
“We confirm that there has been a positive outcome in discussions with Vodacom, to conclude a modified transaction structure. In this restructured transaction, Vodacom will acquire the majority of Neotel’s assets related to its fixed line business as a going concern, excluding Neotel’s licenses (which include spectrum),” the company said in a statement.
source from the HINDU








DAILY GK UPDATED 08-DECEMBER-2015 DAILY GK UPDATED 08-DECEMBER-2015 Reviewed by SSC-IBPS on 19:12:00 Rating: 5
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