13 August 2016 Current Affairs

Union Government launches 1st phase of Smart Ganga City programme in 10 cities

Union Ministers M Venkaiah Naidu and Uma Bharti jointly launched ‘Smart Ganga City’ programme in 10 cities located along Ganga to set up Sewage Treatment Plants (STPs) and improve drainage network there on hybrid annuity mode on public private partnership basis. 10 Cities/ Towns are Haridwar, Rishikesh, Mathura, Varanasi, Kanpur, Allahabad, Lucknow, Patna, Sahibganj and Barrackpore. Under this programme, Sewage Treatment Plants (STPs) and improve drainage network will be set up on hybrid annuity mode on public private partnership basis. In the hybrid annuity model, a part of capital investment (up to 40%) will be paid by Union Government through construction linked milestones.


USA wins 1,000th Olympic gold medal

Simone Manuel anchored the U.S. women’s 4×100 metres medley relay team to the 1,000th gold medal in her country’s summer Olympic history, and the second of her career. Australia won the silver, with Cate Campbell touching out just 0.01 ahead of bronze medallists Denmark.


Fifth Generation signs pact with Anna University

Fifth Generation Technologies, a multi-national research and innovation company with specialisation in building “real time intelligence” solutions and products to the manufacturing industry, has entered into an agreement with Anna University, Chennai, for conducting research to arrive at a useful prediction of the remaining life of critical equipment that are working in high temperature environments. The company proposes to invite one of its clients who are global industry leaders and original equipment manufacturers of such critical equipment to participate in this research.


Kotak Mahindra Bank starts Innovation Lab, open to investing in startups

Private sector lender Kotak Mahindra Bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in startups. The fourth largest private sector bank has put together a seven-member core team which is working with an equal number of startups in the artificial intelligence, analytics, biometric or iris scanning and machine learning space. The initiatives being undertaken by them include launching dedicated funds to invest in startups, starting incubation centres, organising ‘hackathons’ and ideation contests.


Leave a Reply


Share:
Free E-mail Job Alerts
Enter your email address:
Don't Forget To "Activate" Subscription Link Sent to Your Email