China successfully launches Gaofen-4 satellite
China
 has successfully launched its most sophisticated observation satellite 
Gaofen-4. It was launched aboard a Long March-3B carrier rocket from the
 Xichang Satellite Launch Centre in the south western province of 
Sichuan. It was the 222th space flight of the Long March rocket series 
and China’s 19th space mission in year 2015. Gaofen-4 is China’s first 
geosynchronous orbit high-definition optical imaging satellite and 
world’s most sophisticated HD geosynchronous orbit remote sensing 
satellite. It is located at the orbit 36,000 km away from the earth and 
moves synchronously with the earth.
Gujarati litterateur selected for 2015 Jnanpith Award
Eminent
 Gujarati litterateur Raghuveer Chaudhary has been selected for the 51st
 Jnanpith award. Mr. Chaudhary is the fourth Gujarati litterateur to bag
 this prestigious award. He is novelist, poet and critic. He has 
authored more than 80 books and some of his notable novels include 
Amrita, Venu Vatsala, Purvarang and Laagni Samjyaa Vinaa Chuuta Padvanu.
 He has received numerous accolades including Sahitya Acadmi Award for 
his novel Trilogy Uparvaas in 1977.
Government sets up Infra Investment Fund
The
 Rs. 40,000 crore National Investment and Infrastructure Fund (NIIF) has
 been set up by the government. It’s chief executive will be finalised 
by January end. Several sovereign funds and pension funds from Russia, 
Singapore, Uk and UAE are willing to participate in the fund and 
cooperate with it at various levels. While the government will invest 
Rs. 20,000 crore in NIIF from the Budget, another Rs. 20,000 crore is 
expected to come from private investors. Market regulator SEBI has 
approved the setting up of the NIIF. It has been registered with SEBI as
 Category II Alternative Investment Fund (AIF) on December 28, 2015. The
 NIIF would invest in greenfield, brownfield and stalled projects.
Russia inks deal with HAL to manufacture 200 Kamov helicopters
Russia’s
 Rostech State Corporation has signed one billion US dollar deal with 
Hindustan Aeronautics Limited (HAL) to manufacture 200 Kamov 226T light 
helicopters. These helicopters will be manufactured under make in India 
initiative and shall replace the ageing fleet of Cheetah and Chetak 
helicopters. This is the first Russian-Indian high-tech project 
implemented by the Indian government within the framework of the ‘Make 
in India’ programme with the help of Russia. Under this manufacturing 
deal Rostech State Corporation will organize in India the production of 
Russian Ka-226T and its modifications in around 200 units. It will also 
carry out maintenance, operation and repair of helicopters.
WHO declares Guinea Ebola free
World
 Health Organization (WHO) has declared Guinea Ebola-free after no new 
cases were reported. Now the country enters into 90-day period of 
heightened surveillance of WHO. In Guinea, the deadly disease had killed
 more than 2,500 people and had completely shattered country’s economy 
and country’s health and education sectors. WHO can declare a country 
Ebola free after no new cases are reported from human-to-human 
transmission over two incubation periods of virus i.e. 21 days. Earlier,
 WHO had declared Liberia Ebola-free in September 2015 and was followed 
by Sierra Leone in November 2015.