Current Affairs India - 13 October 2014

1. Very severe cyclone Hudhud devastated Andhra Pradesh and Orissa after making landfall on Sunday and now weakened into a deep depression (just below cyclone status) located over south Chhattisgarh. Yesterday it made a landfall with wind speed nearly 200 Kms/hr and created huge destruction in the affect area.

Earlier the Navy has been appointed as the lead agency among the armed force to carry out relief and rescue operations which have been code-named 'Op Lehar'. Rescue and relief operation has been intensified today to provide necessary support to all the affected people.

2. The Congress party has removed Shashi Tharoor from the post of party spokesperson after his praise of Prime Minister Narendra Modi. The Congress disciplinary committee has recommended the same as the Kerala Unit of the party had demanded action against him for raising Narendra Modi.

Earlier, he had praised NDA government's Swachh Bharat campaign and responded positively to Mr. Modi's invitation to join it.

3. Indian arm of Online e-commerce giant Amazon and India-s Future Group have signed a deal to jointly sell Future group-s goods on internet. As per the deal, Future group's portfolio of over 40 brands will be sold exclusively on website.

The partnership will mainly focus on Future Group's fashion brands now and will subsequently cover all other categories.

4. Capital Market regulator SEBI has barred realty major DLF, as also six top executives including Chairman K.P Singh, from securities markets for three years after it found them guilty of -active and deliberate suppression- of material information at the time of its public offer in 2007.

As per SEBI, DLF executives have deliberately suppressed important material information and mislead the investors in the securities market during its IPO launch in 2007. The company and its top executives are found to have violated various regulations including SEBI-s Disclosure and Investor Protection (DIP) Guidelines and the PFUTP (Prevention of Fraudulent and Unfair Trade Practices) norms.

5. Asia Index Pvt Ltd (AIPL), a joint venture between S&P Dow Jones Indices and Bombay Stock Exchange, has announced the launch of two more indices for investors in Indian market named as the S&P BSE Sensex Future Index and S&P BSE CPSE Index.

The S&P BSE Sensex Futures Index will help investors and traders to invest in one-month futures contract on S&P BSE Sensex traded on the BSE. The S&P BSE CPSE Index will track the Central Public Sector Enterprises for the investors and traders. This CPSE list will not include the public sector banks.

6. Indian Super League (ISL) - India-s star studded football league just like IPL was inaugurated as the Salt Lake stadium in Kolkata on Sunday with a glittering ceremony. Nita Ambani, founding Chairperson of Football Sports Development (ISL), declared the league open. The ceremony was attended by stars like Sachin Tendulkar, Amitabh Bachchan, and West Bengal Chief Minister, Mamata Banerjee etc.

Atletico De Kolkata won the inaugural game, after defeating Mumbai FC by 3-0.