Current Affairs India - 10 January 2015

1. Central Government has imposed Governor's rule in Jammu and Kashmir yesterday as no political party was able to form government after assembly election held later last year. Jammu & Kashmir Governor Mr. Vohra sent a report to the President recommending Governor-s rule in Jammu & Kashmir.

2. Ritesh Batra-s movie -The Lunchbox- has bagged a nomination in the non-English best film category at the British Academy of Film and Television Arts (BAFTA) Awards this week. This is the only Indian film to be nominated at this year-s ceremony.

It will compete with other films including Pawel Pawlikowski-s Polish-Danish drama -Ida-, Russian film -Leviathan-, Brazilian-British adventure thriller -Trash-, and Belgian movie -Two Days, One Night- in the Film Not in the English Language category at the awards.

3. Tata-s newly launched airlines Vistara flew its first flight on 9th January from Delhi to Mumbai. With this Tata re-enters into Indian aviation industry after a gap of six decades. Vistara is a joint venture between Tata and Singapore Airlines where Tata holds 51% stake and Vistara owns 49% stake.

4. India-s foreign exchange (forex) reserves decreased by USD 471.4 million to USD 319.238 billion in the week ended 2nd January, as per weekly report published by the RBI. The fall was mainly due to decrease in foreign currency assets which was increased by USD 863.2 million to USD 294.536 billion in the same week.

Special Drawing Rights and India-s reserve position in the International Monetary Fund (IMF) were also dropped by USD 0.7 million and USD 0.2 million respectively in the same week. Gold Reserves were increased by USD 392.7 million to USD 19.377 billion in the same week.