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Current Affairs India – 25 October 2014

Posted by Manas on October 25th, 2014

1. Chief Election Commissioner V S Sampath has announced poll schedule for assembly elections in Jharkhand and Jammu and Kashmir today. Poll will be conducted in 5 phases in 81 member Jharkhand assembly and 87 member Jammu and Kashmir. The poll dates are 25th November and 2nd, 9th, 14th and 20th of December. Counting will take place on 23rd December.

As per election commission, the model code of conduct has come into force with immediate effect. Also by-elections for three assembly seats in Delhi will also be held in the first phase on 25th November and counting will be held on 23rd December.

2. Kaushal Srivastava has been chosen as the new Chairman of the Central Board of Excise and Custom (CBEC), the apex policy making body of indirect taxes. He is a 1978 batch Indian Revenue Service officer and the senior-most in the board.

He will replace JM Shanti Sundharam, who will retire on 31st October. Srivastava will remain at the top post till he attains retirement age of 60 in July 2016.

3. India’s first hospital to treat abnormalities and diseases in fish will be set up in Kolkata by mid-2015. Senior scientist T J Abraham, who is spearheading the project, told that the work has already started on the project. The institute will not only help fish farmers increase yield by reducing the number of fish deaths, but will also ensure that people will consume healthy fish.

4. India’s forex reserves increased by USD 945.6 million in the week ended 17thOctober to USD 313.682 billion, as per weekly report published by the RBI. The increase was mainly due to increase in foreign currency assets which increased by USD 914.1 million to USD 287.799 billion in the same week.

Special Drawing Rights and the India’s reserve position in the International Monetary Fund (IMF) were also increased by USD 23.1 million and USD 8.4 million respectively while Gold Reserves remained unchanged at USD 20.013 billion.

5. Famous Tamil Actor S.S. Rajendran passed away at a private hospital in Chennai on Friday. He was 85. He made his debut in Parasakthi and also acted in films like Ratha Kanner, Rangoon Radhaand Sivagangai Seemai.

He was also actively involved in politics for more than 2 decades. Under the establishment of SSR Pankajam, Rajendran’s wife Pankajam and he had built a cinema theatre, film studio and recording theatre.

6. Famous freedom fighter Jagdish Sharan Pande who had worked for Netaji Subhash Chandra Bose’s Azad Hind Fauj passed away in Almora on Thursday. He was 95.

7. India’s cueist Pankaj Advani outplayed former champion Peter Gilchrist in the 150 up points format World Billiards Championship final to win his 11th world title on Friday. He defeated Singapore cueist Gilchrist 6-2 in a high quality finals of the shorter format of billiards.

With this win, Advani now is the holder of three different world titles in 2014 – the IBSF World 6-Red Snooker title, the World Team Billiards title and now the World Billiards Championship (point format), creating a record for himself.


Current Affairs Global – 25 October 2014

Posted by Manas on October 25th, 2014

1. China and other Asian countries have formally launched Asian infrastructure bank this week as a new rival of Western economies dominated World Bank and IMF. The Asian Infrastructure Investment Bank (AIIB) was launched in Beijing at a ceremony attended by financial leaders and delegates from 21 countries including China, India, Thailand and Malaysia.

This USD 50 billion Asian Infrastructure Investment Bank (AIIB) will provide necessary funding to Asian emerging economies and directly seen as a challenge to the World Bank and Asian Development Bank. China will have the largest shareholding of 50% in the bank.

2. Switzerland has been ranked as the world’s most favourite destination among expats, according to anHSBCsurvey. Switzerland is followed by Singapore, China, Germany and Bahrain.

India is placed at the ninth spot in the same list after receiving high scores on children’s education cost, social life and household income.

3. An Indian-American student, Sahil Doshi, has been awarded with ‘America’s Top Young Scientist’ award for his innovative design of an eco-friendly device that will reduce carbon footprint while offering power for household usage.

“His prototype — the PolluCell — converts carbon dioxide into electricity, ingeniously helping to reduce our carbon footprint, while offering power for household uses and developing nations,’’ Discovery Education and 3M said in a statement.

He is a ninth grader student from Pittsburg and he competed alongside nine other for the 2014 Discovery Education 3M Young Scientist Challenge. The award includes USD 25,000 and a student adventure trip to Costa Rica.

4. UK economic growth dropped to 0.7% in the third quarter (July-September), as per the data published by the Office for National Statistics. This is slightly lower than 0.9% growth witnessed in the previous quarter.

This lower GDP growth will raise concern about economic recovery in UK and entire Euro zone. UK economic growth may be affected further by slowdown in Euro zone.


Daily Practice Quiz – 25 October 2014

Posted by Manas on October 25th, 2014

Daily Practice Quiz – 25 October 2014

8121 The Board of Control for Cricket in India (BCCI) has signed an agreement with MRF Pace foundation in Chennai to send pace bowlers in Sep 2014. Which former pace bowler is now the director of MRF Pace Foundation?
A) Glenn McGrath
B) Dennis Lillee
C) Bret Lee
D) Jason Gillespie
8122 Former __________ AP Venkateshwaran passed away in September 2014. He was 84.
A) Economist
B) Raw Head
C) Foreign secretary
D) Planning Commission head

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Daily Practice Quiz – 24 October 2014

Posted by Manas on October 24th, 2014

Daily Practice Quiz- 24 October 2014

8111 Bombay High Court set up ___________ Committee in Sep 2014 to conduct forensic audit of NSEL and liquidate the assets of its defaulting borrowers in the over 5500 crore rupees payments scam.
A) Bibek Debroy
B) TSR Subramanain
C) Shanta Kumar
D) V V Daga
8112 _________________ and Japan Bank for International Cooperation (JBIC) signed a dual-currency loan agreement to set up an export credit line in Sep 2014.
A) Punjab National Bank
B) State Bank of India
C) Exim Bank

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Current Affairs India – 22 October 2014

Posted by Manas on October 22nd, 2014

1. India was re-elected for the second consecutive term to the UN Human Rights Council (UNHRC) from 2015 to 17. India has received the highest number of votes in the Asia-Pacific Group which clearly proves India’s growing influence in the region and in the global body.

India is currently a member of the 47-nation UN Human Rights Council (UNHRC) and its first term is due to end on December 31, 2014. Indian has sought for re-election which was held in the UN General Assembly today.

Apart from India, the other 14 member states elected to the Human Rights Council for a three-year term of office from 2015 to 2017 are Albania, Bangladesh, Bolivia, Botswana, the Congo, El Salvador, Ghana, Indonesia, Latvia, the Netherlands, Nigeria, Paraguay, Portugal and Qatar.

2.The Central Government has set up a committee to frame bankruptcy law to enable entrepreneurs to close down unviable businesses. The committee will be headed by former Law Secretary T K Vishwanathan and it will study the corporate bankruptcy legal framework in India and submit a report by February 2015.

This decision was taken as per the announcement made by the Finance Minister during his 2014-15 budget speech where he proposed to develop an entrepreneur friendly legal bankruptcy framework for SMEs to enable easy exit.

3. One day after his sudden announcement to quit as Chief Coach of Indian Hockey team, Terry Walsh has decided to continue in his post after a meeting with top sports officials today. He officials have assured him that all of his concerns will be taken care of in a fresh contract.

After a hectic meeting with the Sports Ministry and SAI officials, he decided to stay back for the time being.

4. World Boxing body, AIBA has provisionally suspended India’s woman boxer Laishram Sarita Devi for refusing to accept the bronze medal at the recently concluded Asian Games podium ceremony.She had refused to wear the medal and broke down on the podium after the controversial decision of the judges.

The AIBA also provisionally suspended Sarita’s coaches (Messrs Gurbakhsh Singh Sandhu, Blas Iglesias Fernandez and Sagar Mal Dhayal) as well as Indian chef-de-mission in the Incheon Asiad, Adille J Sumariwalla and will not allow any of them to participate at all levels of competitions, events and meetings until further notice. This case has been sent for review by the AIBA Disciplinary Commission.


Current Affairs Global – 22 October 2014

Posted by Manas on October 22nd, 2014

1. Pakistani teenager and Noble Peace Prize winner Malala Yousafzai has been awarded with the Liberty Medal, as announced today. With this, she will be the youngest recipient of the American award.

Previous recipients of this famous American award include Hillary Clinton, Tony Blair, George H W Bush, Bill Clinton, Kofi Annan and Hamid Karzai. After this news, Malala said that this award will further encourage her to continue her campaign for child rights in countries, including India

2. Indian-American Anita M Singh has been appointed as Chief of Staff and Counselor in the National Security Division (NSD) of the US Justice Department. John Carlin, Assistant Attorney General for National Security announced her appointment which was a part of some restructuring at the NSD.

She previously worked at the White House on cyber-related issues. Post her appointment, she will focus on strategic management issues including the design of structural changes to support work in emerging threat areas.


Daily Practice Quiz – 22 October 2014

Posted by Manas on October 22nd, 2014

Daily Practice Quiz – 22 October 2014

8101 Alan Rusbridger, editor of The Guardian along with Edward Snowden have been jointly awarded with the Right Livelihood Award in Sep 2014?
A) Dan Ellsberg
B) Radley Balko
C) Edward Snowden
D) None of These
8102 The Government announced Deen Dayal Antyodaya Yojana for urban and rural poor with the aim of empowering the population through enhancement of livelihood opportunities. Which MP lauched the same in Sep 2014?
A) Narendra Modi
B) Rajnath Singh
C) M Venkaiah Naidu
D) Smriti Irani

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Current Affairs India – 21 October 2014

Posted by Manas on October 21st, 2014

1. Manhohar Lal Khattar has been chosen as the new Chief Minister of Haryana and he will swear in on 26th October.He was chosen during a meeting by BJP Legislative Party leaders in Chandigarh today. After that, the legislative party leaders and two observers called on the Haryana Governor Kaptan Singh Solanki and submitted their proposal to form the Government in Haryana.

2. Cairn India has appointed Mayank Ashar as the company’s Managing Director and Chief Executive Officer with effect from 17th November. The board has approved his appointment. He has more than 36 years of experience in the oil and gas industry and he played leadership roles in British Petroleum, Petro-Canada and Suncor Energy.

3. The Central Government has ordered merger of the scam-hit company National Spot Exchange Ltd with its holding company Financial Technologies India Ltd, FTIL today in order to help quick recovery from the 5,600-crore rupees fraud. Earlier the scam broke out in July 2013 when NSEL went default on its payments to the investors.

4. Chief Coach of Indian hockey team, Terry Walsh has resigned from his post today because of a “pay dispute” with the Sports Authority of India.His resignation came at a very bad time and just couple of weeks after the Men’s hockey team winning a Gold medal in the recently concluded Asian Games in Incheon, South Korea.

His contract was valid till the 2016 Rio Olympics. He said that he was finding it difficult to adjust to the decision making style of the sporting bureaucracy in the country. His contract was to run till the 2016 Rio Olympics.

5. India’s rank dropped to fifth position in the latest ICC Test team rankings released in Dubai today. South Africa secured No1 position followed by Australia, England and Sri Lanka in the same list.

None of Indian batsmen and bowlers have been included in the top 10. Only Ravichandran Ashwin has been ranked as the number one test All-rounder.


Current Affairs Global – 21 October 2014

Posted by Manas on October 21st, 2014

1. China’s economic growth dropped to 7.3% in the third quarter (July-September) of the current year compared to same period last year. This is the slowest economic growth for China since the financial crisis in 2009 when economic growth dropped to just 6.6%.

Economic growth in the same quarter was marginally lower compared to 7.5% growth witnessed in the previous quarter. On quarterly basis, economic growth dropped to 1.9%.

2. The Chief Executive of French oil giant Total, Christophe de Margerie, was killed in an accident when his business jet collided with a snow plough during takeoff at Moscow’s Vnukovo International Airport. He was travelling to Paris in his Dassault Falcon business jet while the accident took place.

3. Famous fashion designer Oscar de la Renta passed away on 20 October at Kent, Connecticut. He was 82. He became famous for designing dresses of US first ladies including Kennedy, Nancy Reagan and Laura Bush etc.

He was often described as the sultan of suave and had been awarded the lifetime achievement award of the Council of Fashion Designers of America.

4. South Africa’s gold medalist athleteOscar Pistorius was sentenced to five years in prison for killing his girlfriend Reeva Steenkamp on Valentine’s Day in 2013 by a South African judge today. The judge said the runner showed gross negligence when he shot his girlfriend multiple times through a toilet cubicle door in his home.


Daily Practice Quiz – 21 October 2014

Posted by Manas on October 21st, 2014

Daily Practice Quiz – 21 October 2014

8091 The Prime Minister launched the ___________ initiative in Sep 2014 with the aim to make India a manufacturing hub by attracting foreign companies and foreign investments to set up their manufacturing units here.
A) Made in India
B) Make in India
C) Manufactured in India
D) India Made
8092 Prime Minister Narendra Modi has approved ___________ assistance to United Nations in Sep 2014 to fight Ebola outbreak in West Africa as the outbreak has escalated significantly and posed risk to the entire region.
A) USD 8 million
B) USD 10 million
C) USD 12 million
D) USD 20 million

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