Current Affairs India - 28 October 2014

1. The Supreme Court ordered Centre today to disclose all the names of black money holders abroad to the apex court by Wednesday in a sealed envelope and slammed it for reluctance on the issue.The apex court said that it cannot modify its order and slammed the central government for seeking modification of its earlier order.

Attorney General said the government has received 500 names of account holders from different countries like Germany.

2. Devendra Fadnavis has been elected the leader of the Bharatiya Janata Party (BJP) Legislature Party in Maharashtra today. With this, he will be BJP Party-s first Chief Minister of the state. The resolution proposing Fadnavis as the leader of the Legislature Party was unanimously approved by the newly elected MLAs in the presence of union home minister Rajnath Singh and BJP general secretary in-charge of Maharashtra J.P. Nadda.

3. The Central Government has formed a committee headed by former CVC Pratyush Sinha to assess compensation to be paid for taking over running or ready to produce mines.Earlier Supreme Court has cancelled allocation of 204 coal blocks to various companies allocated between 1993 and 2009. 37 are running coal mines and another five are ready to produce by April.

The panel, which will also compromise officials of ministries of coal, power, finance and law, will submit its recommendations by November 10.

4. India has been ranked at 114th place in the list of 142 countries based on gender-based disparities, as per the World Economic Forum's 2014 gender gap index published today. India slipped 13 places this year compared to 101th spot last year.

India is also part of the 20 worst-performing countries on the labour force participation, estimated earned income, literacy rate and sex ratio at birth indicators while India has been ranked among the top 20 best-performing countries on the political empowerment subindex. Based on economic participation and opportunity, India was ranked 134th; on educational attainment, India was ranked at 126th with female to male ratio in literacy rate at 0.68 and based on health and survival, ranked at 141st spot.

India performed better than countries like UAE, Bahrain, Saudi Arabia, Pakistan and Jordan. Pakistan has been ranked as the second lowest country at 141st position. Iceland has been ranked at No 1 spot on World Economic Forum index followed by Finland (2), Norway (3), Sweden (4) and Denmark (5).

5. Private sector lender ING Vysya Bank's Board has announced Deputy CEO Uday Sareen as new Managing Director and CEO of the bank. He will succeed current Managing Director and CEO Shailendra Bhandari, who resigned today after spending 5 years with the bank. Bhandari will continue in office till January 31, 2015.

6. Japanese Telecom major, the Softbank group has invested USD 627 million in Indian Online marketplace Snapdeal, which raises confidence in future growth potential of Indian E-commerce sector. With this investment, the SoftBank Group aims to increase its presence in India and leverage synergies with its network of Internet companies around the world. With this, SoftBank has become the largest shareholder of the E-Commerce company.