Current Affairs India - 25 September 2014

1. The Southern University System of Louisiana in United States has announced to confer an honorary doctorate degree to Indian Prime Minister Narendra Modi for his work in the field of inclusive growth. This is an important news just before Modi-s visit to the USA for the first time after becoming Prime Minister.

The University board met at 4.00 am (Indian time) at the Baton Rouge campus and finally approved the conferment. Baton Rogue is the capital of Louisiana State and about 150 km from New Orleans. Governor of Louisiana, Bobby Jindal also has Indian root.

2. The Prime Minister today launched the -Make in India- initiative today with the aim to make India a manufacturing hub by attracting foreign companies and foreign investments to set up their manufacturing units here.

Launching the initiative which was attended by lots of global and domestic business leaders including Mukesh Ambani and Azim Premji, Modi said that the biggest factor to attract investment is to create an atmosphere of trust. He also said his definition of FDI for the people of India is First Develop India. The "Make in India" logo is given below,

Make In India Campaign

3. Prime Minister Narendra Modi has approved USD 12 million assistance to United Nations to fight Ebola outbreak in West Africa as the outbreak has escalated significantly and posed risk to the entire region.

External Affairs Ministry Spokesperson Syed Akbaruddin said that USD 10 million will be contributed to UN Secretary General's Fund and an additional USD 2 million will be given for purchase of protective gear to tackle Ebola.

This virus has already killed nearly 2,200 people in West Africa and infected nearly 10000 people. As per UN and WHO, 20,000 people will be infected before November this year and will pose a major risk if appropriate actions not taken immediately.

4. Bharatiya Janata Party and its oldest ally Shiv Sena have announced to part ways after 25 years of association ahead of the Maharashtra Assembly elections. BJP has formally announced that it will contest the upcoming assembly poll only with the Mahayuti allies.

There was a dead lock between these two major parties for last couple of weeks over seat sharing and CM post which was never resolved.

The NCP has also announce to break its 15-year long alliance with Congress today just couple of hours of BJP announcing its split with Shiv Sena. With this, NCP and Congress with contest the upcoming Maharashtra assembly election separately which is scheduled to be held in October.

5. Famous Hindi author Govind Mishra was awarded with the 'Saraswati Samman' for his novel "Dhool Paudhon Par" published in 2008 at New Delhi on Monday. The award was constituted by the K K Birla Foundation and Home MinisterRajnath Singhsaid that it has been recognised as the highest literary award in India while giving away the award.

With this, he has become the second Hindi author who was conferred this honour after it was given to Harivansh Rai Bachchan in 1991.

6. Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells Amul brand of milk products, ranked 15th among the top dairy organisations in the world as per the International Farm Comparison Network (IFCN). Amul has also been emerged as the fastest growing dairy organisation as its rank was improved from 20 in 2012 to 15th this year in terms of milk procurement and turnover per kg milk.

The milk cooperatives federation expects the average milk procurement to remain around 155 lakh liters per day (LLPD) for the year 2014-15.

7. Reliance Industries Chairman Mukesh Ambani has been ranked as the richest Indian for the eighth consecutive year, as per the list published by Forbes. Also for the first time, the 100 richest tycoons in India are all billionaires, as per the list.

Mukesh Ambani leads the list eith a net worth of USD 23.6 billion for the eighth consecutive year. He was was followed by Dilip Shanghvi and Lakshmi Mittal and 2nd and 3rd rank respectively.

-Good days are here- for the India-s 100 Richest, as the top 100 richest Indians are all billionaires with combined wealth of USD 346 billion, compared to USD 259 billion in 2013, as per Forbes.

8. Leading NRI businessmen Hinduja brothers, G P Hinduja and S P Hinduja have been awarded with a Lifetime Achievement Award in Business in United Kingdom. The award, constituted by the Indo-European Business Forum (IEBF), was presented to them at the event hosted by Baroness Sandip Verma, an Indian- origin minister in the UK-s Department of Energy and Climate Change.