Current Affairs India - 30 November 2014

1. The Prime Minister has organized a meeting with the Chief Ministers of all the states in December to seek their view points on the structure of the institution which will replace the current Planning Commission. After that the name and structure of the new institution will be finalized which will replace the 64-year old planning commission.

2. Former Union Minister GK Vasan, who broke away from the Congress party earlier this month, has launched a new political party named as the -Tamil Maanila Congress-. The party has also requested the Election Commission to give Cycle as their party symbol.He along with former Tamil Nadu Congress Committee President BS Gnanadesikan, former Trichy mayor Sarubala Thondaiman and many other followers parted ways with Congress earlier this month to launch this new party.

3. Prime Minister Narendra Modi flagged off the first train from Mendipathar in Meghalaya to Guwahati this week. With this launch, Meghalaya is now connected with other parts of the country using railway network.

4. The Reserve Bank of India (RBI) eased gold imports norms and scrapped 20:80 scheme which was launched in 2013 in order to reduce Gold Imports and check rising current account deficit. This new norm is expected to reduce gold smuggling into the country.
Under the 20:80 scheme, 20% of the imported gold had to be mandatorily exported as finished products like jewellery. Initially only public sector firms and banks were allowed to import gold and later in May 2014 these rules were slightly eased to star and premier export houses.

5. Mauritius emerged as the largest source of foreign direct investment (FDI) in India after contributing around USD 4.19 billion in the April-September period of the current financial year, as per the data published by Finance Ministry. Singapore secured the second place with USD 2.41 billion FDI followed by the Netherlands at USD 1.95 billion and USA at USD 1.19 billion during the same period.
Singapore had overtaken Mauritius as the largest source of FDI in India in the previous financial year 2013-14 which accounted for about 25% of total FDI inflows in the fiscal. In the previous financial year, India had received FDI of USD 5.98 billion from Singapore and USD 4.85 billion from Mauritius.

6. Russian film -Leviathan- directed by Andrey Zvyagintsev won the best film award at the 45th International film Festival of India, which was concluded in Goa today. The award contains a Golden Peacock and Rs.40 lakh cash award.

7. Famous historian of modern India-s economic and social history, Tapan Raychaudhuri passed away on 26th November at his home in Oxford, England. He was 88. He was an Indian historian specializing in British Indian history, Indian economic history and the History of Bengal.

8. Famous theatre personality and founder of the Adishakti Laboratory for Theatre Arts and Research near Auroville, Veenapani Chawla, passed away today after a sudden heart attack. She was 67. She was awarded with the Sangeet Natak Akademi Puruskar for her contribution to Indian theatre as a director. She was considered a pioneer of experimental theatre in India. She established Adishakti in 1981 and was also its Managing Trustee and Artistic Director.

9. Two-time World Championship bronze medalist P V Sindhu defended her Macau Grand Prix Gold trophy after defeating Kim Hyo Min of Korea in the women's singles final match held in Macau on today. This is also her first title of this season. World No. 11 Sindhu defeated 91st-ranked Korean player Kim by 21-12 21-17 in the final match held at the Tap Seac Multisport Pavilion here.

10. PSPB (Petroleum Sports Promotion Board)-s Abhishek Yadav has won the boys' singles title in the 76th Junior National and Youth Table Tennis Championships. He defeated his team mate Sudhanshu Grover by Four games to one in the final match played at Alappuzha, Kerala today. Manika Batra of the PSPB retained the crown in the girl-s single category while Manav Thakkar of the PSPB Academy emerged champion in the Junior Boys' section. It was a rare hat-trick of titles for the PSPB in the championship.