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Current Affairs India – 29 September 2014

Posted by Manas on September 29th, 2014

1. AIADMK leader O.Panneerselvam was sworn in as the new Chief Minister of Tamil Nadu by the Tamilnadu Governor Dr. K.Rosaiah as AIADMK Supremo Ms. Jayalalithaa had to resign as Chief Minister following her conviction in an 18-year old DA case by the Special court on Saturday.

Meanwhile, J Jayalalitha’s lawyers filed an appeal before the Karnataka High court today for seeking bail. Earlier she was sentenced to 4 years imprisonment and a fine of 100 crore rupees for amassing disproportionate assets of over 66 crore rupees beyond her source of income.

2. Justice Handyala Lakshminarayanaswamy Dattu was sworn-in as the new and 42nd Chief Justice of India on Sunday (28th September) and he was administered oath of office by President Pranab Mukherjee at Rashtrapati Bhawan. He succeeds Chief Justice R M Lodha who retired on 27th September after attaining retirement age.

3. Delhi Metro has been ranked at 2nd place among 18 international Metro systems in terms of overall customer satisfaction, as per an online customer survey result published recently. The survey conducted among the commuters of those Metro systems by Global Metro Benchmarking Groups NOVA and CoMET in which Delhi Metro along with London DLR and Bangkok were the best three performers in the Net Promoters Score (NPS) category.

4. Japanese electronics firm Casio has roped in Oscar winning music composer and singer director A R Rahman as brand ambassador for its electronic musical instruments division. It will help the Indian arm, Casio India to expand business in India and change its image as a high quality keyboard maker.

5. Indian tennis player Leander Paes won the ATP Malaysian Open title along with his new partner Marcin Matkowski after defeating second seeded Jamie Murray and John Peers by 3-6 7-6 10-5 in the final match at Kuala Lumpur today. It was his first title of the season.

6. India’s Seema Poonia won Gold medal today in women’s discus throw event while and tennis pair of Sania Mirza and Saketh Myneni won the yellow medal in mixed doubles today. Overall, India bagged two gold, two Silver and three bronze medals today and India’s overall medals tally now is: 6 gold 7 silver and 29 bronze.

Seema Poonia threw 61.03 meters to win the gold while her sister, Krishna Poonia finished fourth in the same event. Sania Mirza and Saketh Myneni defeated Chinese Taipei pair by 6-4, 6-3 in the final match of the mixed doubles. Sanam Singh and Saketh Myneni won silver medal in men’s doubles event and they lost to Korean pair by 5-7, 6-7 in final. Sania Mirza and Prarthana Thombare pair also won a bronze medal in Women’s doubles event after losing to Chinese Taipei’s Chin Wei Chan and Su Wei Hsiehin in the Asian Games yesterday.

Indian wrestler Yogeshwar Dutt won gold medal in the men’s freestyle 65kg category in the Asian Games yesterday, thus ending India’s 28-year-old wait for a wrestling gold medal in the Asian Games.

Khushbir Kaur became the first Indian woman to win a medal in race walking in the Asian Games yesterday after she won silver medal in 20km event on the second day of the athletics competition.


Current Affairs Global – 29 September 2014

Posted by Manas on September 29th, 2014

1. World Heart Day is observed today (29th September) across the world to raise awareness that heart disease and stroke are the world’s leading causes of death.

World Heart Day was founded in 2000 to educate people globally about the dangers of heart disease and stroke. Theme of 2014 is “Creating heart-healthy environments” which revolves around, taking a look at places around our work, home and play that increase our risk of heart disease.

2. Ashraf Ghani was sworn in Monday as Afghanistan’s President today which is also the country’s first peaceful democratic transition of power. He assumed charge after signinga power-sharing deallast week with his rival presidential candidate, Abdullah Abdullah.

He succeeds Hamid Karzai, who has spent 13 years as President of Afghanistan after Taliban rule.

3. China’s e-commerce giant Alibaba, which has recently marked its biggest IPO debut in NYSE, has received approval from Chinese Central bank authority to set up a private bank in order to diversify its business into financial services. Alibaba is the latest company outside the financial sphere to win approval to start a bank in China.

Alibaba, through its subsidiary Zhejiang Ant Small and Micro Financial Services Group Co, will hold 30% of share capital of the new bank, as per the China Banking Regulatory Commission.

4. Europe has retained Golf’s Ryder Cup after defeating the United States today. This is Europe’s eight victory in last 10 events of Ryder cup. The 12 man European team secured an easy win after finishing ahead 16 1/2 to 11 1/2 over USA team.


GK Quiz – 29 September 2014

Posted by Manas on September 29th, 2014

GK Quiz – 29 September 2014

7901 Who has been appointed as the new Governor of Maharashtra in Aug 2014?
A) Kalyan Singh
B) Vajubhai Rudabhai Vala
C) C. Vidyasagar Rao
D) Mridula Sinha
7902 After Governors, the Narendra Modi government planned to remove independent directors appointed by the previous UPA regime on PSU boards. NDA government recerntly sacked four directors on the board of which PSU?
C) Indian Oil Corp

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GK Quiz – 28 September 2014

Posted by Manas on September 28th, 2014

GK Quiz – 28 September 2014

7891 The government announced the minimum monthly pension of __________ and a higher wage ceiling of Rs. 15,000 for social security schemes run by retirement fund manager EPFO in Aug 2014 which will be implemented from 1st September.
A) Rs. 7000
B) Rs. 1,000
C) Rs. 1,500
D) Rs. 2,000
7892 Which bollywood actor has been roped in as Ambassador of Interpol’s initiative ‘Turn Back Crime’ campaign to promote awareness about prevention of crime in Aug 2014? With this, he has become the first Indian to be roped in as Ambassador of Interpol.
A) Amitabh Bachchan
B) Anupam Kher
C) Amir Khan
D) Shahrukh Khan

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Current Affairs India – 27 September 2014

Posted by Manas on September 27th, 2014

1. A special court in Bangalore sentenced Tamil Nadu chief minister J Jayalalithaa and her three associates, N Sasikalaa, J Elavarasi and VN Sudhakaran, to four years imprisonment and fined Rs 100 crore in a 18-year old Rs 66.65 crore disproportionate assets case. If they fail to pay the fine, they have to spend another one more year in prison.

Post her conviction, she was sent to jail and disqualified as MLA as per Supreme Court verdict. She has to step down as the Chief Minister Tamil Nadu immediately and she will also have to resign as the Member of Legislative Assembly and will be allowed to contest in elections for the next 10 years.

2. Justice Handyala Lakshminarayanaswamy Dattu is the new Chief Justice of India and he will be sworn-in by the President Pranab Mukherjee at Rashtrapati Bhawan tomorrow. He will be 42nd Chief Justice of India and will succeed Chief Justice R M Lodha who retired today (27th September).

He is the senior-most judge of the Supreme Court after Chief Justice Lodha and He will act as CJI of India for 14 months before he retires.

3. The Finance Ministry has set up a 15-member committee in order to examine the financial architecture for Micro, Small and Medium Enterprises (MSME) sector as announced by the Finance Minister Arun Jaitley during his budget speech. The committee will be headed by ICICI Bank Chairman K V Kamath.

The committee will suggest measures to increase the flow of equity support to MSMEs by targeting incubator-based funds, seed funds, impact funds, venture capital fund and private equity funds and it will also look at regional disparities in credit flow to MSMEs.

4. The Government has announced winners of the Shanti Swarup Bhatnagar Awards-2014 in recognition of their work today. 10 scientists have been awarded with the award and all of them will get a cash prize of Rs 5 lakh, a citation and a plaque.

The winners are Roop Malik (biological sciences), Kavirayani Ramakrishna Prasad (chemical sciences), Souvik Maiti of Institute of Genomics and Integrative Biology, Sachchida Nand Tripathi, (earth, atmosphere, ocean and planetary sciences), S Venkata Mohan (engineering sciences),  Soumen Chakrabarti, Kaushal Kumar Verma (mathematical sciences), Anurag Agrawal (medical sciences), Pratap Raychaudhuri (physical sciences) and Sadiqali Abbas Rangwala of Raman Research Institute, Bangalore.

5. Capital market watchdog SEBI has appointed Gyan Bhushan as its chief vigilance officer. He succeeds R K Padmanabhan, against whom CBI launched an inquiry in connection with purported weakening of a case against promoters of Bank of Rajasthan (BoR).

6. After upgrading India’s credit rating outlook from ‘Negative’ to ‘Stable’, credit rating agency Standard & Poor’s has revised the rating outlooks on 11 Indian banks and financial institutions to ‘Stable’ from ‘Negative’. These banks include ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, State Bank of India, Bank of India, IDBI Bank Ltd, Indian Bank, Union Bank of India, IDFC and Kotak Mahindra Prime.

7. Indian men’s squash and archery teams won a historic gold medals at the 17th Asian Games today. With this, India’s position jumped to 11th in the overall standings on the eighth day of competitions.

Young archer Abhishek Verma along with Rajat Chauhan and Sandeep Kumar won the gold medal in the compound team event before picking up the individual silver medal at the Gyeyang Asiad Archery Field.

Men’s squash team led by Saurav Ghosal won the gold medal in the team event while the women’s team of Dipika Pallikal, Anaka Alankamony and Joshana Chinappa won the silver medal.


GK Quiz – 27 September 2014

Posted by Manas on September 27th, 2014

GK Quiz – 27 September 2014

7881 Textiles Ministry has inked a pact with which domestic e-commerce company in Aug 2014 to provide an online marketing platform to handloom weavers across the country in order to boost the handloom sector, empower the weavers and uplift manufacturing in the country?
B) Snapdeal
C) Flipkart
D) Zomato
7882 Central Government has appointed ____________ as the new chief of Joint Intelligence Committee, a body tasked to assess intelligence gathered by various intelligence agencies including IB and RAW and functions under the National Security Council Secretariat, in Aug 2014.
A) Nehchal Sandhu
B) Arvind Gupta
C) R N Ravi
D) Shashi Kant Sharma

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Current Affairs India – 26 September 2014

Posted by Manas on September 26th, 2014

1. The Government announced Deen Dayal Antyodaya Yojana yesterday for urban and rural poor with the aim of empowering the population through enhancement of livelihood opportunities. M Venkaiah Naidu, Minister of Housing & Urban Poverty Alleviation said, “Under the current urban poverty alleviation programmes, only 790 cities and towns are covered and the Government has decided to extend these measures to all the 4,041 statutory cities and towns.”

He added that September 25 will be celebrated as Antyodaya Diwas every year to mark the birth anniversary of Pandit Deen Dayal Upadhyaya. Under the scheme, Rs 1,000 crore has been provisioned for urban poverty alleviation during 2014-15, out of which Rs 500 crore will be spent on skill development of over 5,00,000 urban poor.

The Yojana aims at training 10 lakh (1 million) rural youths for jobs in three years, that is, by 2017. The minimum age for entry under the Yojana is 15 years compared to 18 years under the Aajeevika Skills Programme. The Urban component will be implemented by the Union Ministry of Housing & Urban Poverty Alleviation while the rural development Yojana will be implemented by the Union Ministry of Rural Development.

2. Suresh Prabhu has been appointed as Prime Minister Narendra Modi’s Sherpa for the G20 annual Summit 2014 this week. He was selected by the Prime Minister Narendra Modi himself for the duty.

The G-20 annual summit will be held in Brisbane in November this year in which he will attend the G20 Sherpa’s meeting. Sherpa is a senior official responsible for preparing the agenda for leaders to consider during the summit.

3. Maharashtra chief minister Prithviraj Chavan has resigned today after the Nationalist Congress Party withdrew support to his Congress-led government yesterday after calling of their 15 years old alliance with Congress party. He has submitted his resignation letter to the governor today. TheAssembly elections in Maharashtra will be held on 15th October.

4. Global credit rating agency Standards & Poor’s has revised India’s credit outlook up to ‘stable’ from current credit outlook of ‘negative’ and India’s rating at BBB-. This is a great sentiment booster for Indian government and will be a big positive for Indian stock market. The reason behind this improvement is stable government at the center, proper fiscal consolidation initiatives, improve current account deficit and improved FDI.

S&P said, “The outlook indicates government can implement fiscal & economic reform. Rating outlook revision shows improved political setting” and “Political setting offers conducive environment for reforms. Government reform pick-up may let RBI draft effective policy”.

Other rating agencies Moody’s assigns a ‘Baa3′ rating on India with a stable outlook. Fitch has also affirmed India’s long-term rating at ‘BBB-‘ with stable outlook.

5. The Reserve Bank of India released Gopalakrishna Committee report on Capacity Building in banks and non-banks this week. The committee, headed by former Executive Director, Reserve Bank of India, G Gopalakrishna, has recommended a 360-degree feedback for a transparent and comprehensive performance assessment exercise, one that ensures adequate performance differentiation between employees.

As per RBI website, the above Committee was constituted by the Reserve Bank with the objective of implementing non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC) relating to capacity building in banks and non-banks, streamlining training intervention and suggesting changes thereto in view of ever increasing challenges in banking and non-banking sectors.

The key recommendations of the Report are:

  • Approach to capacity building in banks and non-banks, enhancing Human Resources Management practices
  • Creation of position of “Chief Learning Officer” in banks and concept of return on learning,
  • Strategies for addressing issues of replacement / replenishment of talent in banks,
  • Process and steps for skill development,
  • Training strategy and need for expert trainers to help build capacities etc.

6. The News Broadcasters Association (NBA) has been appointed Rajat Sharma, chairman and editor-in-chief of India TV, as its president for the year 2014-2015. At the same time, the board of NBA appointed Ashok Venkatramani, chief executive of ABP News, as vice president and Anurradha Prasad, chairperson-cum-managing director of News24 Broadcast India Ltd, as the honorary treasurer.

He will replace KVL Narayan Rao who was the president of NBA for four consecutive years. KVL Narayan Rao will remain a member of NBA board.

7. NRI businessman Anil Agarwal and his family have decided to give away 75% of their wealth for the good of the society in order to give it back to the society. He announced the same at a function to celebrate the 10th anniversary of Vedanta’s listing on the London Stock Exchange.

The Chairman of Vedanta Resources has a net worth of USD 3.5 billion and he is ranked at 24th among India’s richest persons as per Forbes. The pledge amount will be nearly USD 2.6 billion or about Rs. 15,900 crore which will be mainly used for eradication of poverty, child welfare and women empowerment in India.

8. Famous author and filmmaker Madathil Thekkepaattu Vasudevan Nair has been selected for the JC Daniel Award for lifetime achievement for the year 2013 by the Kerala Government for his overall contribution to the Malayalam film industry.

He will be presented with the award at a function on 17th October 2014 at Kanakakunnu Palace in Thiruvananthapuram, Kerala.

9. Board of Cricket Control in India had announced extension of the tenure of Ravi Shastri as the Director of Indian cricket team till 2015 ICC World Cup which is scheduled to be held in Australia and New Zealand.

Shastri had been appointed Director of the Indian cricket team for the recently-concluded One-Day series in England last month. He will work with Coach Duncan Fletcher and support staffs R Sridhar, Sanjay Bangar and Bharath Arun till 2015.


Current Affairs Global – 26 September 2014

Posted by Manas on September 26th, 2014

1. US economic growth for the previous quarter has been revised upward to 4.6% which is the highest growth in last 2 and half years. This is the best performance since fourth quarter of 2011 and much better than 2.1% contraction in the previous quarter.

The growth is broad based and confirms strong economic recovery for the largest economy in the world. Also US economic Growth estimates for the July-September quarter has been revised as high as 3.6%.

2. Former U.S. spy agency contractor Edward Snowden and Alan Rusbridger, editor of The Guardian have been jointly awarded with the Right Livelihood Award this week. Edward Snowden was awarded for his courage and skill as he revealed USA surveillance details and Alan Rusbridger, was awarded for writing extensively on government surveillance, based on leaks of Edward Snowden.

The Right Livelihood Award, established in 1980, is also known as Alternative Nobel prize of Sweden.


GK Quiz – 26 September 2014

Posted by Manas on September 26th, 2014

GK Quiz – 26 September 2014

7871 The Reserve Bank has projected India’s economic growth at _________ in the current financial year due to improvement in manufacturing activity and investment, in its annual report for the Financial Year 2013-14 published in Aug 2014.
A) 4.8%
B) 5.1%
C) 5.5%
D) 5.9%
7872 The Indian Banks’ Association has elected ____________ as the Chairman of the Association for 2014-15 at its 67th annual general meeting in Aug 2014.
A) KR Kamath
B) TM Bhasin
C) Arun Kaul
D) SL Bansal

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Current Affairs India – 25 September 2014

Posted by Manas on September 25th, 2014

1. The Southern University System of Louisiana in United States has announced to confer an honorary doctorate degree to Indian Prime Minister Narendra Modi for his work in the field of inclusive growth. This is an important news just before Modi’s visit to the USA for the first time after becoming Prime Minister.

The University board met at 4.00 am (Indian time) at the Baton Rouge campus and finally approved the conferment. Baton Rogue is the capital of Louisiana State and about 150 km from New Orleans. Governor of Louisiana, Bobby Jindal also has Indian root.

2. The Prime Minister today launched the “Make in India” initiative today with the aim to make India a manufacturing hub by attracting foreign companies and foreign investments to set up their manufacturing units here.

Launching the initiative which was attended by lots of global and domestic business leaders including Mukesh Ambani and Azim Premji, Modi said that the biggest factor to attract investment is to create an atmosphere of trust. He also said his definition of FDI for the people of India is First Develop India. The “Make in India” logo is given below,

Make In India Campaign

3. Prime Minister Narendra Modi has approved USD 12 million assistance to United Nations to fight Ebola outbreak in West Africa as the outbreak has escalated significantly and posed risk to the entire region.

External Affairs Ministry Spokesperson Syed Akbaruddin said that USD 10 million will be contributed to UN Secretary General’s Fund and an additional USD 2 million will be given for purchase of protective gear to tackle Ebola.

This virus has already killed nearly 2,200 people in West Africa and infected nearly 10000 people. As per UN and WHO, 20,000 people will be infected before November this year and will pose a major risk if appropriate actions not taken immediately.

4. Bharatiya Janata Party and its oldest ally Shiv Sena have announced to part ways after 25 years of association ahead of the Maharashtra Assembly elections. BJP has formally announced that it will contest the upcoming assembly poll only with the Mahayuti allies.

There was a dead lock between these two major parties for last couple of weeks over seat sharing and CM post which was never resolved.

The NCP has also announce to break its 15-year long alliance with Congress today just couple of hours of BJP announcing its split with Shiv Sena. With this, NCP and Congress with contest the upcoming Maharashtra assembly election separately which is scheduled to be held in October.

5. Famous Hindi author Govind Mishra was awarded with the ‘Saraswati Samman’ for his novel “Dhool Paudhon Par” published in 2008 at New Delhi on Monday. The award was constituted by the K K Birla Foundation and Home MinisterRajnath Singhsaid that it has been recognised as the highest literary award in India while giving away the award.

With this, he has become the second Hindi author who was conferred this honour after it was given to Harivansh Rai Bachchan in 1991.

6. Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells Amul brand of milk products, ranked 15th among the top dairy organisations in the world as per the International Farm Comparison Network (IFCN). Amul has also been emerged as the fastest growing dairy organisation as its rank was improved from 20 in 2012 to 15th this year in terms of milk procurement and turnover per kg milk.

The milk cooperatives federation expects the average milk procurement to remain around 155 lakh liters per day (LLPD) for the year 2014-15.

7. Reliance Industries Chairman Mukesh Ambani has been ranked as the richest Indian for the eighth consecutive year, as per the list published by Forbes. Also for the first time, the 100 richest tycoons in India are all billionaires, as per the list.

Mukesh Ambani leads the list eith a net worth of USD 23.6 billion for the eighth consecutive year. He was was followed by Dilip Shanghvi and Lakshmi Mittal and 2nd and 3rd rank respectively.

“Good days are here” for the India’s 100 Richest, as the top 100 richest Indians are all billionaires with combined wealth of USD 346 billion, compared to USD 259 billion in 2013, as per Forbes.

8. Leading NRI businessmen Hinduja brothers, G P Hinduja and S P Hinduja have been awarded with a Lifetime Achievement Award in Business in United Kingdom. The award, constituted by the Indo-European Business Forum (IEBF), was presented to them at the event hosted by Baroness Sandip Verma, an Indian- origin minister in the UK’s Department of Energy and Climate Change.



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