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Important Current Affairs 9th January 2019

National News

Customers cannot be charged for availing tokenisation service: RBI 
•    The Reserve of India (RBI) has allowed all card payment networks to offer tokenisation service. However, the central bank has made it clear that no charges should be recovered from the customer for availing this service.
•    Tokenisation involves a process in which a unique token masks sensitive card details. The token is then used to perform card transactions in contact-less mode at Point Of Sale (POS) terminals, Quick Response (QR) code payments, etc.
•    The RBI has allowed card payment networks to offer card tokenisation services to any token requestor, that is, a third party app provider. A card holder can avail these services by registering the card on the token requestor’s app and after giving ‘explicit consent’.
 

Sports

Sharath-Manika duo shocks Manav-Archana, takes title 
•    Sharath Kamal, featuring in the mixed doubles event after 11 years, partnered Manika Batra to outclass the top-seeded pair of Manav Thakkar and Archana Kamath in an all-Petroleum Sports Promotion Board (PSPB) final and clinch the first individual title of the 11Sports 80th inter-State and National table tennis championship.
•    The tournament was held at J.N. Indoor Stadium of Cuttack


Egypt to host 2019 Africa Cup of Nations
•    Egypt will host the 2019 Africa Cup of Nations between 15th June and 13th July. Confederation of African Football (CAF) President Ahmad Ahmad made the announcement in Senegalese capital Dakar yesterday.
•    The CAF executive committee preferred Egypt to South Africa as replacement for original hosts Cameroon, who were dropped due to delays in preparations and concerns over security.
•    Egypt will stage the biennial showpiece of African football for the fifth time
 

Economy and Banking

Nandan Nilekani to head five-member RBI panel on digital payments 
•    The Reserve Bank of India has appointed a five-member panel headed by Nandan Nilekani to suggest ways to improve digital payments. 
•    The committee will submit its report in 90 days from its first meeting.
•    Former Deputy Governor of RBI H.R. Khan, former Vijaya Bank MD and CEO Kishore Sansi, former Secretary of Information and Technology Aruna Sharma and Sanjay Jain, Chief Innovation Officer, Center for Innovation, Incubation & Entrepreneurship (CIIE), IIM Ahmedabad, are the other members of the panel.
•    The panel would assess the current levels of digital payments in financial inclusion, suggest measures to strengthen the safety and security of digital payments, provide a road map for increasing customer confidence to use digital transactions, and suggest a medium-term strategy for deepening of digital payments.


Raisina Dialogue begins in New Delhi
•    Norway Prime Minister Erna Solberg has pitched for promoting Ocean economy and said that resources in the ocean should be used properly.
•    Delivering her inaugural address at Raisina Dialogue in New Delhi on Tuesday evening in presence of Prime Minister Narendra Modi, Ms. Solberg said, rapid climate changes in the Arctic area will have a far-reaching global impact and the world has a responsibility to protect the ocean.
•    Calling for promoting blue economy, Ms. Solberg said, ocean-based industries help provide jobs. She also said there is a need to improve the health of the oceans.
 

International Relations

EAM Sushma meets Australian, Spanish counterparts 
•    External Affairs Minister Sushma Swaraj met her Australian and Spanish counterparts in New Delhi.
•    Australian Foreign Minister Marise Payne, who is on her maiden visit to India, will give the Ministerial Address on ‘The Arrival of Global Politics' at the Raisina Dialogue.
•    Mrs Swaraj also met Spanish Foreign Minister Josep Borrell Fontelles. The two leaders had a good discussion on various aspects of bilateral relations, including trade and investment, security and renewable energy.


India, Norway agree to combat international terrorism
•    India and Norway have agreed to closely collaborate on ocean economy and achieving the Sustainable Development Goals.
•    The two countries also decided to step up bilateral trade. Prime Minister Narendra Modi held delegation-level talks with his Norwegian counterpart Erna Solberg in New Delhi today.
•    They discussed ways to give new energy and direction to bilateral ties. The two countries also signed a MoU for holding an India-Norway Ocean Dialogue.
 

International News

Gautemala to withdraw from UN-backed anti-corruption commission 
•    Guatemala has said it is withdrawing from a UN-backed anti-corruption commission. It has given the UN body's staff 24 hours to leave the country. 
•    President Jimmy Morales accused the International Commission Against Impunity in Guatemala, commonly known as CICIG, of polarising the country and putting its security at risk.
•    The CICIG was formed in 2006 upon the request of the Guatemalan government to combat high rates of impunity for crimes.
 

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Important Current Affairs 7th January 2019

Sports

Scripting history, India scores maiden series win in Australia 
•    India scripted history winning the first ever series on Australian soil beating the home team 2-1 after the fourth and final Test ended in a tame draw due to inclement weather.
•    It is a rare first Down Under for India since Lala Amarnath's side visited the country back in 1947-48 months after independence to face Sir Don Bradman's 'Invincibles'
•    India has also become the first ever Asian team to win a Test series in Australia.
 

Awards

'Bohemian Rhapsody' wins best film
The Golden Globes 2019 was held at the The Beverly Hilton, Beverly Hills, California, United States
Complete list of winners
Film
•    Drama- “Bohemian Rhapsody”
•    Actress, Drama- Glenn Close, “The Wife”
•    Actor, Drama- Rami Malek, “Bohemian Rhapsody”
•    Comedy or Musical- “Green Book”
•    Actor, Comedy or Musical- Christian Bale, “Vice”
•    Actress, Comedy or Musical- Olivia Colman, “The Favourite”
•    Actress-Supporting Role- Regina King, “If Beale Street Could Talk”
•    Actor-Supporting Role- Mahershala Ali, “Green Book”
•    Foreign Language Film- “Roma”
•    Best Director- Alfonso Cuaron, “Roma”
•    Screenplay- Nick Vallelonga, Brian Currie, Peter Farrelly, “Green Book”
•    Animated- “Spider-Man- Into the Spider-Verse”
•    Original Score- Justin Hurwitz, “First Man”
•    Original Song- “Shallow,” “A Star Is Born”
Television
•    Drama- “The Americans”
•    Actress, Drama- Sandra Oh, “Killing Eve”
•    Actor, Drama- Richard Madden, “Bodyguard”
•    Musical or Comedy- “The Kominsky Method”
•    Actress, Musical or Comedy- Rachel Brosnahan, “The Marvelous Mrs. Maisel”
•    Actor, Musical or Comedy- Michael Douglas, “The Kominsky Method”
•    Limited Series or Movie Made for Television- “The Assassination of Gianni Versace- American Crime Story”
•    Actress, Limited Series or Movie Made for Television- Patricia Arquette, “Escape at Dannemora”
•    Actor, Limited Series or Movie Made for Television- Darren Criss, “The Assassination of Gianni Versace- American Crime Story”
•    Actress, Supporting Role, Limited Series or Movie Made for Television- Patricia Clarkson, “Sharp Objects”
 

National news

Polavaram project enters Guinness Book of World Record for concrete pouring 
•    The Polavaram project in Andhra Pradesh on Monday entered the Guinness Book of World by pouring 32,100 cubic metres of concrete in 24 hours. 
•    The concrete work to make the spillway began at 8 am on Sunday and concluded at 8 am this morning. 
•    The project beat the existing record of 21,580 cubic metres which was achieved by Abdul Wahed Bin Shabib, RALS Contracting LLC and Alfa Eng. Consultant (all UAE), in Dubai between May 18 and 20 in 2017.
 

Economy and banking

Banks get a breather on bad loans 
•    For the first time since the bad loan saga began to play out six years ago, Indian banks have reported a decline in the proportion of loans gone bad for the half-year ended September 2018.
•    Their aggregate Gross Non-Performing Asset (GNPA) ratio dipped from 11.5% in March 2018 to 10.8% in September 2018. The GNPA ratio captures the proportion of loans in a bank’s books on which borrowers haven’t repaid dues for more than 90 days.
 

International news

Malaysia’s king abdicates in historic first 
•    Malaysia’s king has abdicated in a historic first for the country that ended weeks of speculation about his future after he took medical leave.
•    Sultan Muhammad V’s decision marks the first time a king has abdicated in the country since it gained independence from Britain in 1957.
•    Malaysia is a constitutional monarchy, with a unique arrangement where the throne changes hands every five years between rulers of the nine Malaysian States headed by centuries-old royalty. The rotating monarchy system has been in place since independence from Britain in 1957, and Sultan Muhammad V is the first monarch to have renounced the throne.
 

International relations

U.S., China hold crucial talks to ease trade war 
•    Delegates from the US and China on Monday began the crucial face-to-face negotiations here to ease a bitter trade war between the world’s two largest economies amid growing concerns about China’s slowing economy and its impact on American businesses.
•    The US and China have been locked in an escalating trade spat since early 2018, raising import tariffs on each other’s goods.


OVL makes oil discovery in Colombia 
•    ONGC Videsh Ltd., the overseas arm of State-owned Oil and Natural Gas Corp. (ONGC) has made a second oil discovery in Colombia that has increased prospects of its onland block in the South American nation.
•    OVL is the operator of the block with 70% stake while Petrodorado South America S A Sucursal (PDSA) of Colombia holds the remaining 30%.
•    The well was spudded on November 7, 2018, and the company completed drilling on December 15, 2018.


Norwegian PM arrives in New Delhi 
•    Prime Minister of Norway Erna Solberg has arrived in New Delhi on a three-day state visit to India. 
•    She was accompanied by senior officials from her government and a large business delegation. 
•    She will participate in the Indo-Norwegian Business Conference.
•    She will hold talks with Prime Minister Narendra Modi. She will also call on President Ram Nath Kovind and Vice President M Venkaiah Naidu. External Affairs Minister Sushma Swaraj will call on the visiting dignitary.
•    The Norwegian Prime Minister will deliver the Inaugural address at the Raisina Dialogue.
 

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Important Current Affairs 28th December 2018

National News

Lok Sabha passes Triple Talaq 
•    The Lok Sabha on Thursday passed The Muslim Women (Protection of Rights on Marriage) Bill, 2018, after a heated debate.
•    The Bill to make the practice of triple talaq among Muslims a penal offence was introduced in the Lok Sabha on December 17 to replace an ordinance issued in September.
•    Under the proposed law, giving instant triple talaq will be illegal and void, and will attract a jail term of three years for the husband. The fresh bill is proposed to supersede an earlier bill passed in the Lok Sabha and pending in the Rajya Sabha


Centre extends deadline to update NRC
•    The Centre has given an extension of six months to complete the ongoing exercise for updating the National Register of Citizens (NRC) in Assam by June 30.
•    In a notification, the Registrar General of India Sailesh said the decision was taken as the exercise to enumerate citizens in the NRC, a list of Assam’s residents, could not be completed within the specified date of December 31, 2018.
•    On December 6, 2013, the government issued the first notification setting a deadline of three years for completion of the entire NRC process. Since then, five extensions have been given by the government. 
•    The draft NRC was published on July 30 and included the names of 2.9 crore people of the total 3.29 crore applicants.


Nitin Gadkari lays foundation stone of 11 projects for Yamuna rejuvenation
•    Union Minister Nitin Gadkari laid the foundation stone of 11 projects for Yamuna Rejuvenation under Namami Gange Programme in New Delhi.
•    Most of the projects are for the sewerage infrastructure and are at various stages of implementation.
•    These projects under Yamuna Action Plan III are located in three drainage zones namely Kondli, Rithala and Okhla in Delhi.


Niti Aayog releases second Delta Ranking of Aspirational districts
•    Niti Aayog CEO Amitabh Kant today released the Second Delta Ranking of the Aspirational Districts Programme. The ranking details the incremental progress achieved by the districts during June to October this year across six key development sectors.
•    Virudhunagar district in Tamil Nadu has shown the most improvement overall, followed by Nuapada district in Odisha, Siddarthnagar in Uttar Pradesh, Bihar's Aurangabad and Koraput in Odisha. These districts have championed the development narrative in fundamental parameters of social progress.
•    Nagaland's Kiphire district, Jharkhand's Giridih, Chatra in Jharkhand, Hailakandi in Assam, and Pakur in Jharkhand have shown least improvement.
•    The districts have been ranked in a transparent basis on parameters across various performance indicators like Health and Nutrition, Education, Skill Development and Basic Infrastructure among others.
•    The rankings are based on the data that is publicly available through the Champions of Change Dashboard, which includes data entered on a real-time basis at the district level. 
•    The Aspirational District Programme was launched by Prime Minister Narendra Modi in January this year with the aim to rapidly transform the districts that have shown relatively lesser progress in key social areas.

Economy and Banking

Bimal Jalan to head six-member panel on RBI’s economic capital framework
•    The Reserve Bank of India (RBI), in consultation with the government, has set up a six-member committee to review the economic capital framework of the central bank.
•    Former RBI Governor Bimal Jalan will be the committee’s chairman and former Deputy Governor Rakesh Mohan deputy chairman.
•    The other members are Economic Affairs Secretary Subash Chandra Garg, RBI Deputy Governor N.S. Vishwanathan and two board members of the RBI — Bharat Doshi and Sudhir Mankad.
•    Dr. Jalan was the Governor of the RBI between November 1997 and September 2003.
•    The committee would submit its report within 90 days from the date of its first meeting, the RBI said in a statement on Wednesday.
•    The terms of reference of the committee would be to review status, need and justification of various provisions, reserves and buffers presently provided for by the RBI, keeping in mind ‘public policy mandate of the RBI, including financial stability considerations.’
•    The committee will also review best practices followed by the central banks globally in making assessment and provisions for risks, to which central bank balance sheets are subjected.

RBI launches survey to capture retail payment habits in 6 cities 
•    The Reserve Bank of India (RBI) will capture payment habits of individuals in six cities, including four metropolitan towns. For the purpose, the central bank has launched a 'Survey on Retail Payment Habits of Individuals (SRPHi)'.
•    the survey will cover a sample of 6,000 individuals from various socio-economic backgrounds across six cities including Mumbai, Delhi, Kolkata, Chennai, Bengaluru and Guwahati. 
•    The survey seeks qualitative responses from individuals on their payment habits. The findings may provide some idea about awareness and usage habits of digital payment products.
•    The central bank further said that Sigma Research & Consulting Pvt Ltd has been engaged to conduct the fieldwork of the survey on behalf of the RBI.

International News

UAE resumes Damascus embassy in Syria after 6 years of suspension 
•    United Arab Emirates has resumed its diplomatic service at Damascus in Syria after six years of suspension signaling a thaw in the relations between the two countries, as also with the Arab world.
•    The Charge d'Affaires of the UAE Embassy began discharging his duty yesterday.
•    This move will also prevent the dangers of regional interference in Syrian affairs.
•    UAE had closed its Embassy in the early years of the Syrian conflict.

Sports


Former Australia captain Ponting inducted into ICC Hall of Fame
•    Former Australia captain Ricky Ponting was formally inducted into the ICC Cricket Hall of Fame
•    To mark the occasion, Ponting received his commemorative cap from compatriot ICC Cricket Hall of Famer, Glenn McGrath, during the tea break on the opening day of the third Test against India at the MCG.
•    Ponting was named in the ICC Cricket Hall of Fame along with former India captain Rahul Dravid and England woman wicketkeeper-batter Claire Taylor during the ICC Annual Conference in Dublin in July.

Persons


Colin O’Brady - first person to complete a solo trek across Antarctica
•    An American adventurer has become the first person to complete a solo trek across Antarctica without assistance of any kind.
•    Colin O’Brady, 33, took 54 days to complete the nearly 1,600 km journey, crossing the frozen continent from coast to coast.
•    Mr. O’Brady and an Englishman, Louis Rudd, 49, set off individually on November 3 from Union Glacier in a bid to be the first to complete a solo, unassisted crossing of Antarctica.
•    His voyage was tracked by GPS, and live updates of the trip were provided daily on his website colinobrady.com
•    In 1996-97, a Norwegian polar explorer, Borge Ousland, made the first solo crossing of Antarctica but he was wind-aided by kites on his voyage.

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Important Current Affairs 13th December 2018

Economic news

RBI slaps 1 crore fine on Indian Bank for violating cyber security norms
The contravention is with regard to RBI’s directions on Frauds- Classification and Reporting by Commercial Banks.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers
About Indian Bank
Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

Defence news


Indian Navy inducts its first Deep Submergence Rescue Vehicle
The Indian Navy on Wednesday inducted its first Deep Submergence Rescue Vehicle (DSRV) System at the Naval Dockyard in Mumbai.
DSRV is used to rescue crew members stranded in submarines that get disabled. The Indian Navy joins a select group of naval forces in the world that boasts of this niche capability.
The DSRV can be operated at a depth of 650 meters and can hold around 15 people. The Indian Navy in March 2016 had commissioned two DSRVs, the second will deployed at the Eastern Naval Command in Visakhapatnam.

Sports news


ITTF award for Manika
India’s star paddler Manika Batra was bestowed with the International Table Tennis Fedreation’s (ITTF) Breakthrough star award 2018. 
In 2018, Manika won 4 medals in commonwealth games. These are women’s singles gold,women’s doubles silver and mixed doubles bronze.
She also begged bronze in mixed doubles in the Asian Games 2018.

National news


Zoramthanga as the new CM of Mizoram
Mizoram Governor Kummanam Rajasekharan on Wednesday afternoon invited Mizo National Front (MNF) president Zoramthanga to form the government.
Outgoing Congress Chief Minister Lal Thanhawla had submitted his resignation an hour before Mr Zoramthanga had staked the claim. The current term of the Assembly expires on Friday.


Shri Nitin Gadkari flags off first container mainline vessel at Tuticorin
Shri Nitin Gadkari, Union Minister for Shipping and Road Transport & Highways and Water Resources, River Development & Ganga Rejuvenation flagged off the first container mainline vessel from VoC Port (Tuticorin Port).
At present containers from Tuticorin to Far East countries viz Malaysia, Singapore, China and Hong Kong are transited by the feeder vessels to Colombo where they are further connected to the mother vessel .
In the last four years, Tuticorin Port has made investments to the tune of Rs 1,500 crore towards improvement of infrastructure.

SWIFT India
SWIFT India has appointed ex-SBI chief Arundhati Bhattacharya as the new chairman of its board.
SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication). 

International News


Vice-Chair of the UN Panel of Auditors
Comptroller and Auditor General Rajiv Mehrishi has become the Vice-Chair of the UN Panel of Auditors. The United Nations Panel of Auditors consists of External Auditors of the United Nations and its agencies.
The United Nations General Assembly in 1959 established the Panel of External Auditors. Presently, the panel consists of 11 countries.


Adoption of global compact on migration in Marrakech hailed a victory
UN members states adopted the Global Compact on Migration in Marrakech.
The adoption is a victory for a progressive new framework of how the world views migrants and agrees to protect their basic human rights.
The GCM creates a non-legally binding and co-operative framework that builds on the commitments agreed upon by member states in the New York Declaration for refugees and migrants of December 2016. 

UAE's Federal National Council to be 50 per cent women
President Sheikh Khalifa has called for Emirati women to occupy 50 per cent of the country's Federal National Council after next year's elections.
 Currently, there are eight women members — representing 20 per cent of the 40 available seats. Dr Al Qubaisi was also the first woman elected to the FNC in 2006.

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Important Current Affairs 10th December 2018 English

(Obituary)

Mushirul Hasan passes away

  • Historian Mushirul Hasan, passed away .
  • Mr. Hasan was the Vice-Chancellor of the Jamia Millia Islamia University. He has also served as the Director-General of the National Archives of India, and the President of the Indian History Congress.
  • Contribution :
  1. extensively written on India's Partition(India Partition: The Other Face of Freedom)
  2. documented Islam and Muslims of South Asia.
  3. He documents how Jawaharlal Nehru decided to guide India on to the world stage as a modern nation, contrary to Mahatma Gandhi's imagination of Hind Swaraj.

(National news)

Swaraj India launches iCan19
Swaraj India, has launched a new platform to encourage ordinary citizens to intervene in electoral politics, set an agenda and select independent candidates who will speak on behalf of farmers and youth.

Centre Amends Rules For 3 Nations Minorities
•    Union Home Ministry has notified amendments to the Citizenship Rules, 2009.
•    Amendment:  to include a separate column in the citizenship form for applicants belonging to six minority communities from Pakistan, Afghanistan and Bangladesh.
•    Citizenship to six persecuted minorities who came to India before 2014.

Shi Yomi becomes 23rd district of Arunachal Pradesh
Arunachal Pradesh got its 23rd district with the formal inauguration of Shi Yomi, carved out of the West Siang district.
The Arunachal Pradesh Assembly had on August 29 passed a bill for the creation of three new districts -- Pakke-Kesang, Lepa Rada and Shi Yomi.
 

(Economy news)

Urjit Patel steps down as RBI Governor
Dr. Urjit Patel announced that he was stepping down from his position as the Reserve Bank of India (RBI) Governor.
He was appointed the Governor of the RBI in 2016. He was previously the Deputy Governor of the central bank.
 

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Important Current Affairs 9th December 2018

National News

Kerala becomes first Indian state to have four international airports

Kerala has become the first state in the country to have four international airports with the inauguration of the Kannur airport. 

Thiruvananthapuram, Kochi and Kozhikode being the other three.

The Kannur airport, built on a public-private partnership (PPP) model, will become a new benchmark of how airports will be constructed in the country. 

Economy news

India in top position in remittances : World Bank 

India is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each) and Egypt (USD 26 billion), according to the global lender.

Global remittances, which include flows to high-income countries, are projected to grow by 10.3 per cent to USD 689 billion.

Defence news

INDRA NAVY 2018

Russian Federation Navy (RuFN) Ships Varyag,  Admiral Panteleyev and Boris Butoma arrived Visakhapatnam to participate in INDRA NAVY, the bilateral maritime exercise between Indian Navy and Russian Federation Navy exercise. 

Initiated in 2003, INDRA NAVY exercise has matured over the years with increase in scope, complexity and level of participation.

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Union Cabinet approves the exclusion of States from National Small Savings Fund

The Union Cabinet on 18 January 2017 excluded States and Union Territories except Arunachal Pradesh, Delhi, Kerala and Madhya Pradesh from National Small Savings Fund (NSSF) investments with effect from 1 April 2016.
●    On the occasion, the cabinet also approved one-time loan of Rs 45000 crore from NSSF to Food Corporation of India (FCI) to meet its food subsidy requirements. 
●    Arunachal Pradesh will be given loans to the tune of 100 per cent of NSSF collections within its territory, while Delhi, Kerala and Madhya Pradesh will be provided with 50 percent of collections.
●    Servicing of interest and principal of debt will be extended to Food Corporation of India through the budget line of Department of Food and Public Distribution. 
●    The repayment obligation of the FCI in respect of NSSF Loans will be treated as the first charge on the food subsidy released to the Food Corporation of India. 
●    Moreover, FCI will be required to reduce the amount of its current Cash Credit Limit with the banking consortium to the extent of the NSSF loan amount.
●    An agreement will also be signed between FCI, Department of Food and NSSF on the modalities for repayment of interest rate and the restructuring of FCI debt will be made possible within 2-5 years.
 

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Motherson Sumi makes a Rs 4,100 crore bid for Finland’s PKC Group

Homegrown component major Motherson Sumi (MSSL) has made a 571 million (over Rs 4,150 crore) acquisition offer for Finland's PKC Group Plc (PKC), a maker of wiring harness. 
●    If closed, the deal will be one of the biggest cross-border acquisition in the auto components space.
●    MSSL's board on Thursday approved a proposal to launch a voluntary, recommended public tender offer for the acquisition of the outstanding share capital and voting rights of PKC Group Plc, Finland.
●    The shares of PKC are currently listed on the Nasdaq Helsinki stock exchange.
●    MSSL and PKC entered into a combination agreement for the proposed transaction, the statement further said.
●    The acquisition, which will be made through a 100% subsidiary of MSSL to be set up for the purpose, is expected to be completed by the end of March this year.
 

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BSE to launch country’s first IPO by a stock exchange

India's second largest domestic stock exchange BSE on Friday said it would hit the market with its initial public offering (IPO) on January 23. 
●    The IPO is expected to be sold in the price band of Rs 800-850 apiece, with existing investors offloading shares worth nearly Rs 1,350 crore through the offer. 
●    BSE has 302 shareholders, including Singapore Exchange and a Citi group unit, who will sell up to 15.4 million shares with a face value of Rs 2 each, the red herring prospectus filed with the market regulator. 
●    The issue will close on January 25. 
●    The Singapore Stock Exchange (4.67 per cent), George Soros-promoted Quantum fund (3.68 lakh shares) and Atticus Mauritius (3.68 per cent) would be among the shareholders who would sell their entire holdings in the exchange. 
●    Deutsche Borse, which holds 4.7 per cent stake in the stock exchange, is not among the selling shareholders. 
●    The Singapore Exchange and Deutsche Borse had acquired 5 per cent stake each in the exchange for a consideration of Rs 200.78 crore each in 2007. 
 

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SpiceJet strikes Rs 1.5 lakh crore deal with Boeing for 205 planes

Placing its largest ever aircraft order, SpiceJet on Friday announced it will buy up to 205 Boeing planes worth $22 billion or Rs 1.5 lakh crore at list price. 
●    The low-cost carrier (LCC) increased its existing order of 55 single aisle B 737-8 by 100 to 155 planes. 
●    An additional 50 planes — mix of wide body and B 737s — have been placed as optional order, taking the total to 205.
●    The 155 planes on firm order will be delivered between 2018 and 2024. The list price of firm order of 100 additional planes placed now is $11billion
●    Asked how the airline will fund this aircraft acquisition, Singh said: "There are several options like sale-and-lease-back and Exim Bank open to us. We will opt for the most economic funding route. There will be no dilution of equity and no debt will be raised in coming years for this order."
●    SpiceJet currently has 32 B-737s and 17 regional jets in its fleet. Singh re-acquired the LCC two years back when it was on the brink of closure.
 

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