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Current Affairs – Business News – General Knowledge
Posted by Manas on September 13th, 2013

1. After a nine-month-long trial, a special court here awarded death sentence to all the four convicts in the December 16 Delhi gang-rape case today after terming the act under rarest of rare category. Gym instructor Vinay Sharma, bus cleaner Akshay Kumar Singh, fruit-seller Pawan Gupta and Mukesh Singh, who were found guilty in all 13 charges, including murder and rape, were given death sentence. Out of the six men arrested in the case, one Ram Singh committed suicide inside Tihar Jail. Another accused, who was 17 at the time of the crime, was sent to reform home for three years by a juvenile court.

The Indian Penal Code (IPC) was amended to provide death penalty in rape cases that cause death of the victim or leave her in a vegetative state. The Act also introduced several other new offences such as causing grievous hurt through acid attacks, sexual harassment, use of criminal force on a woman with intent to disrobe, voyeurism and stalking.

2. BJP has formally announced Gujarat Chief Minister Narendra Modi as the party’s prime ministerial candidate for the Lok Sabha polls. The decision was taken at the party Parliamentary Board meeting in New Delhi today evening. Announcing it, party President Rajnath Singh said that the decision has been taken in view of mood of the people and sentiment of the party cadres and the leaders of all NDA allies have supported Modi’s candidature. Modi met party senior leader L K Advani at his residence after the anointment.

3. Reserve Bank of India has formed an expert committee for examining its Current Monetary Policy Framework. The committee will be responsible to recommend the measures to revise and strengthen the Monetary Policy Framework, by making it more transparent and predictable. Dr. Urjit Patel, Deputy Governor of RBI, will head the Committee.

4. Prime Minister’s key economic advisor C Rangarajan has lowered the growth forecast for the current fiscal to 5.3% from 6.4% projected earlier and listed out host of measures including further liberalisation of FDI norms to improve economic condition. The PMEAC had in April projected 6.4% growth for Indian economy for current financial year. In order to promote growth, Rangarajan suggested that the government should liberalise FDI investment norms, resolve tax concerns of the industry, fast track public sector investment and initiate measures to contain fiscal deficit.

5. Delhi has the highest par capital annual income in the country. The per capita annual income in the national capital has increased to Rs. 2.01 lakh in 2012-13 compared to Rs 1.73 lakh in the previous fiscal, which is three times the national average and highest in the country. The national average has been worked out at around Rs 61,564.

6. The Board of Control for Cricket in India- BCCI has imposed life bans on S Sreesanth and Ankeet Chavan for being involved in the IPL spot-fixing scam. It also handed out lesser punishments to some others involved in the match fixing scandal which rocked the IPL T20 tournament this year. Amit Singh was handed a five-year ban and Siddharth Trivedi was banned for one year. No action has been taken against Harmeet Singh in the absence of evidence against him. They have been debarred from playing any representative Cricket, or in any way being associated with the activities of the BCCI or its affiliates.

 

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