Current Affairs India - 21 February 2015

1. Bihar Chief Minister Jitan Ram Manjhi resigned just before the scheduled trust vote at the Bihar assembly yesterday. He had submitted his resignation to Governor Keshari Nath Tripathi. With this Nitish kumar is all set to return as Bihar Chief Minister again on 22nd February.

2. The formation of the BJP-PDP coalition government in Jammu and Kashmir may be announced soon as both the parties are able to reach to common consensus in both the controversial issues like Article 370 and Armed Forces Special Power Act. PDP won 28 seats and BJP won 25 seats in the 87-member Assembly in the assembly poll conducted in December 2014.

3. Famous scientist Tapan Misra has been appointed the Chief of ISRO-s Space Applications Centre (SAC), Ahmedabad Gujarat. He will succeed A S Kiran Kumar, who was appointed as the Chairman of the Indian Space Research Organization (ISRO) last month.

He was awarded Hari Om Ashram Prerit Vikram Sarabhai research Award in 2004, ISRO Merit award in 2008 and Sir JC Bose National Talent Search (JBNSTS) Scholarship in 1981.

4. Founder and Managing Director of Sun Pharma, Dilip Shanghvi is now the richest Indian due to his more than 63% holding in three group companies; Sun Pharma, Sun Pharma Advanced Research and Ranbaxy Labs, is not worth of about USD 23.4 billion. This is higher than worth of USD 21.2 billion owned by Reliance Industries Chairman Mukesh Ambani.

But as per the Bloomberg Billionaire Index Mukesh Ambani is still the richest Indian (33rd globally) with a net worth of USD 21.9 billion followed by Shanghvi (39th globally) with a net worth of USD 19.7 billion.

5. India-s foreign exchange (forex) reserves jumped by USD 2.956 billion to all time high USD 333.1693 billion in the week ended 13th February, as per weekly report published by the RBI. Strong FII inflows to Indian capital market and reduction in import bill due to drop in Crude oil are the main reasons for record high forex reserves.

The jump was mainly due to increase in foreign currency assets which was increased by USD 2.299 billion to USD 307.257 billion in the same week. India-s reserve position in the International Monetary Fund (IMF)  was also increased by USD 661.9 million and Special Drawing Rights was decreased by USD 5.1 million in the same week. Gold Reserves remained unchanged at USD 20.183 billion in the same week.

6. Famous leader of Communist Party of India (CPI), Govind Pansare passed away in Mumbai yesterday night. He was shot along with his wife Uma by unidentified persons near his house in Kolhapur last week. He was 82. He was leading a campaign against the collection of toll in Maharashtra.

7. Famous Urdu poet Dr. Kalim Ahmed Ajiz passed away in Hazaribagh, Jharkhand. He was 90. He was the author of several books and classical ghazals and his first book of ghazals was released in 1976 by the President of India Fakruddin Ali Ahmad.

8. Bollywood actor Ashraful Haque, known for his role in the movies Delhi Belly and Fukrey, passed away in Andheri, Mumbai. He was 46 and suffering from Myelodysplastic Syndrome for a long time.