Banking Awareness 06th January 2017 | Financial Awareness 06th January 2017

3-month sale from tomorrow:

Air India flights at cost of Rajdhani fares

• The national carrier will be launching a sale offer from January 6, wherein it will offer flight tickets at the cost of a train journey on all routes on which the Rajdhani operates.
• The sale, the report added, will continue till April 20, 2017, with the travel period starting from January 26.

Advance purchase sale

which is valid for travel up to April 15.

Asus AR set to be the first Tango

Daydream-enabled smartphone

Taiwanese smartphone major Asus announced Asus AR, the world’s ‘first’ smartphone with Google’s Tango and Daydream platforms enabled. And, that is not the only first for this smartphone; it is also the first device that is equipped with an 8GB RAM.

Specification

• Render augmented reality (AR) through Tango apps
• Virtual reality (VR) through a Daydream VR headset.

  Google banks on artificial intelligence, machine learning for future growth

  

  It aims to have rural penetration
  

Global technology major Google, which is primarily accredited for developing the search engine and transforming mobiles into complex devices, is banking on the concept of artificial intelligence (AI) and machine learning to drive its future growth.

Sundar Pichai

Google global chief executive officer (CEO).

SC wants CBI to probe Air India aircraft purchase

Praful Patel was Civil Aviation Minister when aircraft were purchased.

• The Supreme Court asked the CBI to investigate an alleged scandal in the purchase and leasing of aircraft by Air India between 2004 and 2008 when the Congress-led UPA was in office.
• The allegations, made by NGO Centre for Public Interest Litigation, include allotment of bilateral routes to private airlines at the expense of the national carrier.

Praful Patel

Nationalist Congress Party leader.

Note ban most disruptive policy innovation since 1991

Traditional banks should look into other avenues to compet.

Former Reserve Bank governor D Subbarao termed demonetisation as “creative destruction and the most disruptive policy innovation since 1991 reforms” that has helped destroy black money.

D Subbarao

Former Reserve Bank governor.

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