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HEAD TURNERS THIS WEEK After the phenomenal response to the previous Week’s Digi Note,

We’ve made some changes by highlighting the different sections and

focus on ‘International fleet review’’ and ‘’Make in India’’.

Digi Note shall only be successful if we understand the purpose of this

exercise, which is to keep you posted of the events in the week.

Best of Luck.

From The Newspapers

THE ECONOMIC TIMES

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7th Feb

Prez congratulates Bhutan Royal couple on birth

of baby boy (Business Standard)

President Pranab Mukherjee today congratulated the royal couple of Bhutan on the birth of their baby boy.

The new crown prince was born to King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema.

Abu Dhabi Crown Prince TO visit India (Business

Standard)

In his first State visit, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE armed forces Sheikh Mohamed bin Zayad Al Nahayan will visit India and hold wide-ranging talks with Prime Minister Narendra Modi on key issues including security and stability of the Gulf region, which hosts over seven million Indians.

Nepalese PM Oli to visit India on February 19

(The New Indian Express)

Nepal's Prime Minister K P Oli would visit India on February 19, his first foreign trip after assuming office.

Nana Patekar to get 'Godavari Gaurav' award

(Times of India)

Nana Patekar will get the 'Godavari Gaurav' award, 'Kusumagraj Prathishthan'.

The award carries a prize of Rs 21,000 and a memento.

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Singer-songwriter Dan Hicks dies at 74 (Indian

Express)

American singer-songwriter Dan Hicks passed away after a two-year long battle with throat and liver cancer. He was 74.

Known for his traditional mix of folk, jazz and country music, Hicks took his last breath on February 6 in Mill Valley, California.

News of his demise was confirmed on his official website.

Hicks was known as the frontman of the acoustic band Dan Hicks and His Hot Licks.

He will be remembered for such songs as “I Scare Myself,” “Canned Music” and “How Can I Miss You When You Won’t Go Away?”

Negi is costliest Indian, Watson most expensive

94 players go under hammer; no buyers for Amla,

Guptill (The Hindu)

The young domestic cricketer, largely relegated to the shadows, unlike those who play for the nation and premier State sides, found validation in the Indian Premier League (IPL) player auction.

The stars, too, found riches coming their way with Shane Watson being the day’s most expensive buy at Rs. 9.5 crore (Royal Challengers Bangalore).

94 players were auctioned, including 23 overseas cricketers.

A whopping Rs. 136 crore was spent on player purchases,and the two new teams - Rising Pune Supergiants and Gujarat Lions build their teams.

The day’s highlight was the Rs. 8.5 crore that Delhi left-arm spinner Pawan Negi secured from Delhi Daredevils.

Negi even emerged as the most expensive Indian player, pipping Yuvraj Singh, who got Rs. 7 crore from Sunrisers Hyderabad.

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International Fleet Review 2016 (The Hindu)

IFR, in its second edition, was be held from February 4, 2016 to February 8, 2016 at Visakhapatnam.

The International Fleet Review is being held after a gap of almost one-and-a-half decade.

The first IFR was held in 2001 at Mumbai.

Features:

Participating Nations

52 countries.

Website and Mobile application launched

The website ifr16.indiannavy.gov.in and the mobile app IFR-16 Indian Navy which will serve as the single window interface for interaction with the public and the participants have been launched.

The theme of the event is 'United through Oceans' and the mascot is Dolphin.

President Pranab Mukherjee, Supreme Commander of the Armed Forces, reviewed the fleet on the Presidential Yacht INS Sumitra, accompanied by Prime Minister Narendra Modi, Defence Minister Manohar Parrikar and Chief of Naval Staff Admiral Robin K. Dhowan. Governor E. S. L. Narasimhan and Chief Minister N. Chandrababu Naidu were also present.

India’s aircraft carrier INS Vikramaditya and INS Viraat,the world’s oldest aircraft carrier on its last voyage, stood majestically even as the baby of the Indian Navy,ASW INS Kadmatt, formed part of the Indian fleet.

BG Take: Also read about Araku Coffee.

Cartoonist Sudhir Tailang passes away (The

Hindu)

Well-known cartoonist Sudhir Tailang, who was suffering from a brain tumour, passed away.

He was awarded Padma Shri in 2004 for his contribution to the art of cartooning.

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Rajasthan government gives boost to start-ups

(The Hindu)

The Rajasthan Government organised a one-day start-up fest at Udaipur, promoting entrepreneurship and giving a boost to start-ups in the state.

The event was a sequel to the state’s first start-up fest, held in Jaipur in October last year, where the government unveiled its maiden start-up policy.

The event, organised by Rajasthan State Industrial Development and Investment Corporation (RIICO) along with its incubation centre Start-up Oasis, saw participation from 100 start-ups, 30 start-up mentors and 15 venture capital investors.

Start-up Oasis, since its establishment in 2013, has catered to start-ups across the State.

8th Feb Joint Indo-Nepal army exercise begins in

Uttarakhand (The Economic Times)

The 14-day Indo-Nepal military exercise 'Surya Kiran' focusing on jungle warfare and counter terrorism has begun at Pithoragarh in Uttarakhand.

This is the 9th such exercise between the two countries

Indian economy to grow at 7.6% in FY15 (The

Hindu)

India's economy is forecast to grow by 7.6% in 2016-17

Data released by the Central Statistics Office (CSO) showed the economy grew 7.3% in the October-December quarter. Nepali Finance Minister Bishnu Prasad Paudel meets Arun Jaitley. (Indian Express)

RBI cancels registration of four NBFCs (Business

Standard)

Reserve Bank of India (RBI) has cancelled the certificate of registration of four non-banking financial companies (NBFCs).

Goyal Commercial Pvt Ltd and First Debt Management Co. of India Ltd are the NBFCs belonging to Kolkata, while Nostalgia Finvest Private Limited and Narad Realtors Private Limited belong to Mumbai.

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Kajol to be part-time member on Prasar Bharati

board (Business Standard)

Film actor Kajol is likely to be appointed as a part-time member of the Prasar Bharati board.

A committee headed by Vice-President Hamid Ansari is learnt to have cleared her name for the post.

Shashi Shekhar Vempati, who has previously worked with Infosys and now heads an online media company, is the second person chosen for the post of part-time member on the public broadcaster’s board.

Neel Sethi as Mowgli hits right cords in 'Jungle

Book' trailer (Business Standard)

Indian-American boy Neel Sethi has left a positive impact as Mowgli in the first trailer of Disney's 3D live-animation adventure fantasy film "The Jungle Book".

Directed by Jon Favreau, the movie is based on Rudyard Kipling's stories and inspired by Disney's classic animated film of the same name.

"The Jungle Book" will hit the theatres in 3D on April 22.

Acclaimed poet-lyricist Nida Fazli no more

(Business Standard)

Renowned poet and lyricist Nida Fazli, who penned several soulful compositions like 'Kabhie kisi ko mukamil jahan nahi milta', passed away.

He was 78.

Muqtida Hasan Nida Fazli, popularly known as Nida Fazli, was a recipient of the Sahitya Akademi award.

Brendon McCullum retires from ODI cricket (The

Indian Express)

Brendon McCullum bowed out of one-day internationals with a win as New Zealand beat Australia by 55 runs at Hamilton to win the Chappell-Hadlee Trophy.

The Black Caps skipper, one of the most destructive hitters in the game, has played 260 games with 6083 runs and five centuries.

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9th Feb Former Nepal PM Sushil Koirala dies at 78

(Indian Express)

Nepal's former Prime Minister Sushil Koirala, who was credited with promulgating the country's new Constitution in September last year to complete a stalled peace process, died after a bout of pneumonia.79-year-old Koirala died at his residence in Maharajgunj in the outskirt of capital Kathmandu at 12.50 am (local time).

Swedish Prime Minister Stefan Lofven to visit

India (Business Standard)

Swedish Prime Minister Stefan Lofven will be on a two-day visit to India this month to participate in the ‘Make in India Week’ here and will also meet Prime Minister Narendra Modi for a bilateral dialogue.

Heath Streak all set to become Gujarat Lions

bowling coach (Indian Express)

Former Zimbabwe all-rounder Heath Streak is set to become the bowling coach of Gujarat Lions, one of the two new teams to feature in IPL this season.

Streak is currently the bowling coach of Bangladesh but he doesn’t have an exclusive contract with the national team and that enables him to take up the IPL job.

TRAI backs Net Neutrality, rules against

differential rates (The Hindu)

The Telecom Regulatory Authority of India (TRAI) barred telecom service providers from charging differential rates for data services, effectively prohibiting Facebook’s Free Basics and Airtel Zero platform in their current form.

TRAI said a fine of Rs. 50,000 would be levied per day, subject to a maximum of Rs. 50 lakh, for any violation of these regulations.

An exemption, however, has been made for offering emergency services.

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Aditya gets ready to gaze at the sun (The Hindu)

Aditya-L1, the Indian Sun mission due after three years, may turn out to be a unique formation of not one but two spacecraft looking at the Sun from two stable orbital points.

Aditya is the nation’s third big extra-terrestrial outing after Moon and Mars, all conceived and designed by ADCOS, the multi-faculty body of the Indian Space Research Organisation.

10th Feb India ranks 37/38 in new US Chamber IP index

(Business Standard)

India is placed at a poor second last position in the US Chamber of Commerce's latest IP index for not following international best practices in patent protection.

In the 4th annual International IP Index 'Infinite Possibilities', Venezuela finished last out of the 38 economies.

RBI to cut repo rate by 25 bps in April: Nomura

(Economic Times)

The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget, in its policy meeting in April, beyond which the central bank is expected to stay on hold.

According to the Japanese brokerage firm, gross value added (GVA) growth has marginally undershot the RBI's 7.4% projection in the financial year 2015-16, supporting the case for a rate cut.

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J&K set to host 10th edition of SaMaPa music

fest (Business Standard)

Spread over 35 locations across the scenic state and 75 concert performances, music cutting across genres is set to resonate Jammu and Kashmir as the 10th edition of the 'SaMaPa Aalap Festival' goes underway on February 16.

The festival, being organised by Sopori Academcy of Music and Performing Arts (SaMaPa) under the aegis of Santoor exponent Bhajan Sopori, will feature more than 100 musicians presenting classical, sufi, ghazal, folk music and 'sufiana mausiqi' of Kashmir.

Mobile phones sold in India may have local fonts

by end of April (The Hindu)

Indian fonts may be mandatory for mobile phones sold in the country according to new standards for handsets being finalised by the government.

The Bureau of Indian Standards is expected to notify the standards that will require handsets to be able to render Indian font messages as well as allow users to type.

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11th Feb Centre plans workshop for 23 cities to improve

Smartcity proposals (Economic times)

In order to enable every state to be included in the Centre's Smartcity project, the Urban Development Ministry has communicated the 'deficiencies' in the plan submitted by 23 cities across the country that failed to make the cut.

The Ministry will soon organise a workshop to guide these 23 cities in improving their Smart City plans so they can submit improved proposals by April 15 this year.

The move comes against the backdrop of concerns being raised in some political quarters.

Harinder Sidhu to be new Australian High

Commissioner to India (Economic Times)

Australia has appointed Harinder Sidhu as its next High Commissioner to India three years after another diplomat of Indian origin, Peter Varghese, served in this key post.

Finance Secretary Ratan Watal gets 2 month

extension (Business Standard)

With the Budget-making process under way, government extended the term of Finance Secretary Ratan Watal by two months till April 30.

Appointments Committee of the Cabinet has approved extension in service to Ratan P Watal, Finance Secretary and Secretary, Department of Expenditure, Ministry of Finance for a period of two months up to April 30, 2016.

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Ramesh Abhishek named new DIPP secy

(Economic Times)

Former Forwards Markets Commission (FMC) chairman Ramesh Abhishek has been appointed secretary in the department of industrial policy and promotion (DIPP), making him responsible for implementing some of Prime Minister Narendra Modi's key initiatives like "Make in India" and "Start up India".

He succeeds the high-profile Amitabh Kant, who will head to Niti Aayog, as its Chief Executive Officer (CEO).

“Banks need deep surgery,but no more AQR now"

:Raghuram Rajan”

Net neutrality debate: Facebook shuts down Free

Basics in India (Economic times)

Facebook pulled the plug on Free Basics in India, a year after its launch in the social networking giant's largest market outside the US.

This follows the telecom regulator barring discriminatory pricing of data services.

12th Feb Ashok Chawla to head Teri; Pachauri goes on

leave (Business Standard)

R K Pachauri proceeded on leave from his recently gained position of executive vice-chairman of Teri (The Energy and Resources Institute) and former Competition Commission of India chief Ashok Chawla was appointed the chairman by the governing council.

Chawla replaces an old-time colleague of Pachauri, B V Sreekantan

IIP in negative territory for 2nd month, CPI

inflation hardens (The Hindu)

Remaining in the negative zone for the second month, industrial output in December shrank 1.3 per cent while retail inflation in January edged up to a

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16-month high, prompting the industry to call for urgent policy action in the forthcoming Budget to spur revival.

Retail inflation as measured by the consumer price index (CPI) inched up to a 16-month high of 5.69 per cent in January compared with 5.61 per cent in December.

BCCI bans Pakistani umpire Asad Rauf for 5

years (The Hindu)

The disciplinary committee of the Board of Control for Cricket in India (BCCI), banned Pakistan umpire Asad Rauf for five years on charges of “corruption” and “misconduct” in relation to the Indian Premier League betting and spot-fixing scandal of 2013.

Rauf was named in the Mumbai Police’s chargesheet after he left India when the scandal came to light three years ago.

Lahiri wins Hilton Asian Tour Golfer of the Year

(Business Standard)

India's Anirban Lahiri has been voted as the Hilton Asian Tour Golfer of Year by fans in an online poll.

Lahiri reinforced his stature as one of the global game's rising young stars with a spectacular season to remember in 2015.

Country songwriter Kim Williams dies (Business

Standard)

Kim Williams, the country songwriter behind Garth Brooks' "Ain't Goin' Down 'Til the Sun Comes Up", has died.

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BG QUIZ

1. Who was awarded the “Godavari Gaurav” Award?

A. Kamal hasan

B. Nana Patekar

C. Cyrus Mistry

D. None of These

Answer – B

2. Who is the present Prime Minister of Nepal?

A. Sushil Kumar Koirala

B. V.B. Thapa

C. Bidiya Devi

D. K.P. Oli

Answer - D

3. What is the current CPI in January?

A. 5.61 %

B. 5.63 %

C. 5.69 %

D. 6 %

Answer – C

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4. Where did the International Fleet review take place?

A. Kochi

B. Vishakhapatnam

C. Mumbai

D. Digboi

Answer – B

5. Who has been elected as the Chairman of TERI?

A. R.K. Pachauri

B. Ashok Chawla

C. B.N. Srinivasan

D. None of these

Answer - B

6. Who has been appointed as the Australian High Commissioner to India?

A. Harinder Sandhu

B. Richard Hellbrooke

C. Samuel L Jackson

D. None of these

Answer – A

7. Which International Cricket Umpire was banned for 5 years by BCCI?

A. B. Bouden

B. S. Buckner

C. A. Rauf

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D. None of these

Answer – C

8. What is the rank of India in the U.S. Chamber IP Index?

A. 36

B. 37

C. 38

D. 39

Answer - 37

9. Which former President/Prime Minister of Nepal passed away recently?

A. Sushil Kumar Koirala

B. V.B. Thapa

C. K.P. Oli

D. None of these

Answer – A

10. What is the name of the Joint military exercise between India and Nepal?

A. Surya shikhar

B. Surya Prakash

C. Surya Kiran

D. Sun Rise

Answer – C

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We at BG focus on providing the most accurate and precise current events

and financial terms for the forthcoming bank examinations and work tirelessly

to innovate and are always ready for feedback which can be provided to us in

the comments section.

Best Of Luck ,

Banker