Current Affairs India - 10 September 2014

1. The Cabinet Committee on Economic Affairs (CCEA) approved the sale of stake in Coal India Limited (CIL), Oil and Natural Gas Company (ONGC) and National Hydro Power Corporation (NHPC) today to raise nearly Rs 43,000 crore as a part of divestment.

The CCEA has cleared 10% stake sale in CIL, 5% in ONGC and 11.36% in NHPC. At current market prices, it will help government to raise Rs 23,000 Crore, Rs 18,000 Crore and Rs 2,800 Crore respectively from these three PSUs.

The CCEA also gave its approval for Phase-V of the Unique Identification scheme AADHAAR for undertaking enrollments in Uttar Pradesh, Bihar, Chhattisgarh and Uttarakhand. With this, the Unique Identification Authority of India (UIDAI) has been given the target of generating 100 crore Aadhaar numbers by 2015. So far, more than 67.38 crore Aadhaar numbers have been generated in the country.

2. Senior IAS officer Subhash Chandra Garg was appointed as Executive Director (ED) in World Bank today. Garg, a 1983-batch IAS officer of Rajasthan cadre, will have a tenure of three years from the date of assuming charge of the post.

The Executive Directors are responsible for the conduct of the general operations of the World Bank and exercise all the powers delegated to them by the Boards of Governors. They also select a President who serves as Chairman of the Boards. They are responsible for International Bank for Reconstruction and Development-s loans, guarantees and policies that impact the World Bank-s general operations among others.

3. India-s largest private sector bank, ICICI Bank has announced its -Cardless Cash Withdrawal- service that allows its customers to transfer money from their account to anyone even without a banking account and only with a mobile number in India.

The recipient can withdraw money without using a debit card from over 10,000 ATMs of ICICI Bank across the country 24x7. One can do this even without having a bank account of any bank. However, the sender needs to be an ICICI Bank savings account holder.

4. The 60th National School Games will be organized in two phases - at Sri Anandpur Sahib and Bathinda in Punjab in November this year. It will be held in six sporting disciplines and nearly 4,000 sports persons from across the country are expected to participate in the games.