Current Affairs India - 10 March 2014

1. Former Infosys chief financial officer V Balakrishnan has been figured in AAP-s fourth list of candidates for the 2014 Lok Sabha elections. He will fight for Bangalore Central seat. This news came one day after his former colleague in Infosys Nandan Nilekani formally joining Indian Congress Party to content Lok Sabha poll from Bangalore South seat. 

2. Domestic passenger car sales increased by 1.39%to 1,60,718 units in February compared to 1,58,512 units sold in the same month last year, as per the data released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales jumped by 5.39% to 8,43,307 units in February compared to 8,00,165 units sold in February last year. Recently Indian government has reduced excise duty on Four and Two wheelers which helped to boost sales volume.

3. The Indian stock markets jumped to new high today with Sensex crossing 22,000 mark for the first time due to sustained FII inflows. Nifty also managed to close at life time high of 6537. Indian stock markets witnessed strong buying due to improved macro-economic scenario in spite of Fed Tapering fear.

4. India has once again emerged as the largest non-oil trading partner of Dubai for financial year 2013-14, as per the latest report by the Dubai Department of Economic Development. It shows that the bilateral trade crossed USD 37 billion between these two nations.

5. Virat Kohli has reclaimed the No.1 position in the latest ICC ODI rankings released on 9th March after conclusion of the Asia Cup. He was followed by South African batsman AB de Villiers who is now trailing by nine points. Other Indian batsmen in the list include Shikhar Dhawan at 8th spot, Rohit Sharma at 22nd spot and Ravindra Jadeja at 50th spot.