Current Affairs India - 9 November 2013

1. The Election Commission has banned the publication and dissemination of exit polls of any kind in the five poll bound states from 11th November to 4th December. The Commission sent the orders to Chief Electoral Officers of the poll-bound states of Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Delhi. Channels are also prohibited from telecasting interviews of voters after they cast their votes. The Commission has also banned the publication of results of any opinion polls 48 hours before polling in a state.


2. India successfully test-fired its indigenously developed nuclear-capable Agni-I ballistic missile with a strike range of 700 km from a test range off Odisha coast as part of a user trial by the Army.


3. The Vice President of India, M. Hamid Ansari released a book entitled India-s Nuclear Energy Programme: Future Plans, Prospects and Concerns at a function organized by Indian National Science Academy (INSA). The book is edited by Prof. R. Rajaraman.


4. International Monetary Fund (IMF) economist Siddharth Tiwari is likely to succeed Raghuram Rajan as the next Chief Economic Advisor in the Ministry of Finance. Tiwari is the director of strategy, policy, and review at the multilateral institution and has got vast experience in Asia-Pacific, as well as Africa and Europe.


5. Bank of Maharashtra has appointed Sushil Muhnot as its new Chairman and Managing Director. Before that he was Chairman of Small Industries Development Bank of India since April 2012. Muhnot will assume charge as CMD of Bank of Maharashtra in Mumbai today.


6. Parvinder Sohi Behuria, a Senior IRS officer was appointed as the Secretary General of National Human Rights Commission (NHRC) yesterday. She is the successor of Ashok Sahu who retired recently. She is a 1977 batch IRS (Income Tax) officer. At present, she is the Member (Revenue) in Central Board of Direct Taxes under the Department of Revenue.


7. The Reserve Bank of India has allowed third-party payment for export and import transactions as easing procedures. The RBI said that with a view to further liberalise the procedure relating to payments for exports/imports, banks are allowed payments for export of goods/software to be received from a third-party.  It added, banks are also permitted to make payments to a third-party for import of goods.


8. Martha Dodray, a health worker from Bihar won the global UN Award for her commitment and dedication to eradicate Polio in India. United Nation has conferred the -UN Frontline Workers Global Leadership Award- to Martha Dodray. The award was given in recognition of the roles to individuals, organizations, and corporations played in supporting the work of the United Nations- to advance global peace, justice, and prosperity.


9. More than a year after it made an offer to buy Orient-Express Hotels, Tata Group-s hospitality company Indian Hotels Co (IHCL) withdrew its USD 1.86-billion bid for the London-based group amid concerns about the worsening global hospitality slump. The Orient-Express boards continuous refusal to entertain the offer from the Tatas, the current economic environment as well as the Indian chains changed priorities triggered the withdrawal.


10. Global ratings agency Moody-s Investors Service affirmed the ratings of three large private banks, ICICI Bank, HDFC Bank and Axis Bank, but warned that they expect these banks to experience marginal weakness in their corporate exposures due to the ongoing slowdown in the economy. The rating agency affirmed its ratings for the senior unsecured debt and local currency deposits of these three private sector banks at Baa2 with a -stable- outlook.


11. ICICI Bank MD and CEO Chanda Kochhar has been named as the most powerful businesswoman in India for the third consecutive year by Fortune Magazine. Shikha Sharma of Axis Bank and Aruna Jayanthi of Capgemini India have taken the second and third place in the Fortune list of 50 most powerful businesswomen ranking for 2013. Preetha Reddy, Managing Director of Apollo Hospital Enterprises, and Mallika Srinivasan, CEO of Tractors and Farm Equipment Limited (TAFE), have placed at fourth and fifth positions, respectively.


12. India was selected by the International Hockey Federation (FIH) to host the Men-s World Cup of Hockey in 2018. The finals will be played in December 2018. Also, England will host the Women-s World Cup of hockey from in July, 2018. Hockey's World Cup is held every four years. India hosted the world cup in 2010 at New Delhi. The 2014 edition of Hockey World Cup would be played in The Hague, Netherlands.


13. Indian women's hockey team won silver in Asian Champions Trophy tournament at Kakamigahara, Japan today. The team lost to hosts Japan by a solitary goal in the summit clash of the event.