Current Affairs India - 24 January 2015

1. Prime Minister Narendra Modi launched the -Beti Bachao-Beti Padhao- scheme at Panipat in Haryana this week. The scheme aims to address gender imbalance and discrimination against the girl child across the nation. He begged the people to save the lives of the girl child and also administered them an oath to fight female foeticide, celebrate the birth of a girl and educate them.

2. The National Girl Child Day is observed today (24th January) across the nation. PM tweeted "On National Girl Child Day, I salute the unparalleled accomplishments of the girl child. Their role in nation building is paramount.-

The government has been celebrating the National Girl Child Day on 24th January every year since 2008 across India to raise awareness and importance of the girl child to the society.

3. India observed the 118th birth anniversary of Netaji Subhash Chandra Bose yesterday (23rd January). Some functions held at different locations to pay tribute to him. PM Modi took to his official Twitter account to express his gratitude to the phenomenal freedom fighter.

4. The Supreme Court announced its much-awaited verdict on IPL Spot fixing and former BCCI chief N Srinivasan's conflict of interest case on 22nd January. The apex Court gave verdict that N Srinivasan can't contest BCCI polls till he gives up commercial interest in CSK. The Supreme Court also said that No BCCI administrator can have commercial interests.

The court-appointed Justice Mukul Mudgal Committee had also found Srinivasan's son-in-law Gurunath Meiyappan guilty of IPL spot fixing during IPL 2013 despite being a CSK team official.

5. Indian American author Jhumpa Lahiri has been awarded with the prestigious DSC Prize for Literature for her book "The Lowland". DSC Prize is considered among South Asia's top literary awards with a prize value of USD 50,000. Pulitzer Prize-winning poet Vijay Shesadri awarded this prize to Jhumpa Lahiri.

The Prize celebrates writing on the South Asian region from writers across the globe and is given to the best novel or translations into English of a work on or about the region. The book -The Lowland- is set in both New England and the eastern state of West Bengal during the late 1960s when the Naxalite movement began.

6. India-s largest bank, State Bank of India has signed a loan agreement for 100 million euro with European Investment Bank for lending to private businesses in the country. As per the agreement, the loan will be utilized to support the development of private sector, in particular small and medium-sized enterprises, social and economic infrastructure as well as climate change mitigation and adaptation in the country.

7. Sunil Sood has been appointed as the new Managing Director and Chief Executive Officer of Vodafone India. He is currently the chief operating officer of Vodafone India. He will succeed Martin Pieters who will be stepping down from his post with effect from 1st April, 2015.

8. India-s foreign exchange (forex) reserves jumped by USD 2.660 billion to all time high USD 322.135 billion in the week ended 16th January, 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 decrease in foreign currency assets which was increased by USD 2.685 billion to USD 297.53 billion in the same week. However Special Drawing Rights and India-s reserve position in the International Monetary Fund (IMF) were dropped by USD 19.3 million and USD 5.3 million respectively in the same week. Gold Reserves remained unchanged at USD 19.377 billion in the same week.