1.Miscellaneous

Kerala: First state to provide free internet to poor

Kerala will be implementing an ambitious broadband project called Kerala Fibre Optic Network (K-FON)

It will provide free hi-speed wi-fi services for BPL people in Kerala

This is the first such state initiative in India

Quick Fact: The full form of Wi-Fi is Wireless Fidelity

2.Economy

RBI launches Payments Infrastructure Development Fund

The fund will encourage acquirers to deploy digital and physical Points of Sale (PoS) infrastructure

The primary focus areas are tier-3 to tier-6 centres and north eastern states.

The fund contribution will be shared by RBI and card-issuing banks and card networks operating in India on 50:50 basis

3.Economy

CCI approves merger of Peugeot and Fiat Chrysler Automobiles

Peugeot is incorporated in France and is a original equipment manufacturer and dealer of motor vehicles, passenger cars as well as light commercial vehicles

Fiat Chrysler is incorporated in the Netherlands and is a global automotive group.

Quick Fact: CCI, Competition Commission of India is a statutory body which enforces the Competition Act, 2002

4.Person in News

Rajeev Topno appointed as Senior Advisor to ED of World Bank

Rajeev Topno is a 1996 batch IAS officer of Gujarat cadre

He will be Senior Advisor to the Executive Director (ED) of World Bank

His tenure will have a duration of three years from appointment

Quick Fact: David Malpass is the president of the World Bank

5.Person in News

Kritika Pandey wins Commonwealth Short Story Prize for Asia Region

Pandey has won the award for her story “The Great Indian Tee and Snakes”

The story revolves around the theme of love in the times of hatred and division

She was also nominated for the Pushcart prize earlier.

6.National Affairs

#iCommit Initiative launched by Power Ministry

The initiative will be driven by the Energy Efficiency Services Limited

It has been launched to boost usage of renewable power and resilient energy systems

The campaign aims to strengthen the Indian power system via innovative changes


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