Agni-IV missile successfully test fired

The flight-trial of India's long range, strategic ballistic missile, Agni-IV, on Jan 2, from a road-mobile launcher on Abdul Kalam Island, off Odisha coast, was "a grand success.”
Agni-IV's success proved the reliability and efficacy of India's long-range ballistic missile system.
About:
Agni-IV is a two-stage, surface-to-surface missile that can travel 4,000 km and can carry a nuclear warhead weighing one tonne.

‘Leap second’ syncronises Indian time with Earth’s spin on January 1,2017

The atomic clock was programmed to add an extra second to 2017 to compensate for a slowdown in the Earth’s rotation.
Details:
A ‘leap second’ was added to the Indian clock at 5:29.59 hours on January 1 to synchronise with the Earth’s rotational clock. 
  • As the atomic clock at the National Physical Laboratory (NPL) here struck 23:59:59 last night, it was programmed to add an extra second to 2017 to compensate for a slowdown in the Earth’s rotation.

Drug discovery for GPCR signalling made easy by IIT Kanpur

Researchers have shown that the regulation of G Protein-Coupled Receptors (GPCRs) by new drugs can be simpler than generally thought — it can be mediated by engaging only the end of the receptor, which is called the tail of the receptor.

Significance of these findings:
With this, discovering new drugs that bind to G Protein-Coupled Receptors (GPCRs), which are central to almost every physiological process in our body such as vision, taste, immune response and cardiovascular regulation, becomes easier.

Fossil fuel formation linked to rise in atmosphere’s oxygen

The rapid rise in the atmospheres oxygen roughly 500 million years ago which made advanced animal life possible on Earth is linked to the process that led to the formation of fossil fuels, suggests new research.
According to the study, the rise in oxygen was associated with a rapid increase in the burial of sediment containing large amounts of carbon-rich organic matter – the raw material of coal, oil and natural gas.

PM Modi announced inclusion of NBFCs in the Credit guarantee scheme

PM’s New Year eve speech has opened up opportunities for digital lending players, including startups in the space. PM has announced the inclusion of non-banking financial companies (NBFCs) in the credit guarantee scheme for small, medium and micro enterprises (SMEs) and also extended the scheme for loans up to Rs 2 crore.

India, Pakistan exchange lists of nuclear sites

India and Pakistan recently exchanged for the 26th consecutive year the list of their nuclear installations under a bilateral agreement that prohibits them from attacking each other’s atomic facilities.

Key facts:

The exchange was carried out under the Agreement on the Prohibition of Attack against Nuclear Installations between India and Pakistan.

RBI sets up counters for NRI deposits

The Reserve Bank of India (RBI) has opened a new window for non-resident Indian and citizens who were staying abroad since November 8 to deposit the demonetised ₹1,000 and ₹ 500 currency notes.

Details:

  • For RICs: Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto March 31, 2017.