Day To Day Current Affairs - 30th September 2014 By BankExamzGuru.Blogspot.In

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This post includes the current affairs on 30th September 2104.

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Day To Day Current Affairs - 30th September 2014

1. RBI announced fourth Bi-Monthly Monetary Policy Statement, keeps key rate unchanged

i. For the fourth time in a row, RBI kept key interest rates unchanged today maintaining that it will not cut them unless inflation moderates to anticipated levels, disappointing borrowers and the industry in this festive season.

ii. Reserve Bank Governor Raghuram Rajan hoped that inflation will moderate to acceptable level of 6 per cent by January 2016 and maintained that the GDP growth in the current fiscal will be 5.5 per cent, same as projected earlier.
iii. RBI relaxed the 'know your customer' norms by allowing self-certification of documents needed for opening bank accounts.
iv. The short-term lending rate (repo) rate will remain at 8 per cent, and the cash reserve requirement of banks at 4 per cent. The statutory liquidity ratio (SLR) has also been retained at 22 per cent.
v. RBI has reduced the liquidity provided under the export credit refinance (ECR) facility from 32 per cent of eligible export credit outstanding to 15 per cent with effect from October 10.
vi. It has decided to continued providing liquidity under overnight repo at 0.25 per cent at the LAF repo rate and liquidity under 7-day and 14-day term repos of up to 0.75 per cent through auctions


Current Rates are as follows:
1. Repo Rate – 8%
2. Reverse Repo Rate – 7%
3. SLR – 22%
4. CRR – 4%
5. Bank Rate – 9%
6. MSF – 9%


2. RBI relaxes KYC norms for opening bank accounts
i. The Reserve Bank of India, RBI, today relaxed Know Your Customer, KYC norms by allowing self-certification of documents for opening bank accounts.
ii. RBI has asked banks to allow self-certified copy of the document by mail, or post for opening an account. Banks have also been asked not to seek fresh documents, if a KYC compliant customer desires to open another account in the bank.
iii. The RBI added that if the customers are unable to comply within a reasonable period of time, partial freezing may be introduced for KYC non-compliant customers.
iv. This means that only credits would be allowed in such accounts, but debits would not be allowed. The account holder would have the option to close the account and take back the money in the account.


3. AP Government signed MoU with Google India for Digital AP project
i. The Andhra Pradesh (AP) Government on 29 September 2014 signed the Memorandum of Understanding (MoU) agreement with Google India for Digital AP project.
ii. Under the memorandum, Google India will work with the AP government to get women and small and medium businesses online and help them gain from the internet economy. It will launch a series of initiatives to transform the State into digital AP in a record time.


4. ONGC to contribute Rs. 20.75 cr for upkeep of Taj Mahal
i. Hydrocarbon behemoth Oil and Natural Gas Corporation Ltd (ONGC) will contribute Rs. 20.75 crore for the beautification and cleanliness of the Taj Mahal.
ii. A tripartite memorandum of understanding (MoU) for this was signed at the Red Fort in New Delhi on Monday between ONGC, the Archaeological Survey of India (ASI) and the Union Ministry of Tourism.
iii. ONGC has launched a ‘Swachchha Smarak, Swachchha Bharat’ campaign to clean up memorials and heritage places. It also participated in a cleanliness drive at the Red Fort, an official said here on Tuesday.


5. Muthuraman Vice Chairman of Tata Steel retired
i. B Muthuraman, Vice-Chairman of Tata Steel retired from the Board of the company on 26 September 2014 after attaining the age of 70. He retired as per the company’s retirement policy.
ii. B Muthuraman who was also a chairman of Tata International Ltd, the global trading and distribution arm of the Tata group was replaced by former Union Home Secretary GK Pillai. Pillai was appointed for the post on 26 September 2014.


6. Bhagat Singh’s last surviving sister Bibi Prakash Kaur died
i. Bibi Prakash Kaur, the last surviving real sister of martyr Bhagat Singh died on 28 September 2014 in Canada. She was 94.
ii. She was paralysed and bed ridden since 2008. Coincidently, she passed away on the 107th birth anniversary of the martyr Bhagat Singh which falls on 28 September every year.’
iii. Bibi Prakash Kaur was born in 1921 and was only 12 years old when Bhagat Singh was hanged to death by British rulers on 23 March 1931.
iv. Prakash Kaur was settled in Canada since 1980 and was residing there with her elder son Rupinder Singh Malhi.


7. Auto Portal Cardekho acquired Gaadi.com for 11 million US dollar
i. Auto Portal Cardekho on 29 September 2014 acquired Gaadi.com. Cardekho is expected to have paid 11 million US dollar for Gaadi.com.
ii. However, both the companies will continue to run independently and operate as separate businesses in order to drive focus, especially in the pre-owned car business.
iii. The combined Cardekho and Gaadi entity is expected to become the largest online auto classifieds play by revenue and traffic.


8. Vikas Gowda settles for silver in discus throw

i. Vikas Gowda lost out to his old nemesis and defending champion Ehsan Hadadi of Iran once again as he settled for a silver in men’s discus throw event in the Asian Games in Incheon on Tuesday.
ii. Gowda, who recently won the gold in Glasgow Commonwealth Games, came up with a best effort of 62.58m which he did in his second attempt to fetch the silver at the Incheon Asiad Main Stadium.
iii. Hadadi, who was struggling for form this season but a pre-Games favourite, outperformed Gowda with a best throw of 65.11m to clinch the gold and run away with his hat trick of titles. He has also won gold in 2006 and 2010 Asian Games.


9. Asian Games: Mary Kom enters women’s flyweight boxing finals

i. M.C. Mary Kom secured a berth in the gold medal bout of the women’s flyweight (48-51kg) after a convincing win in the semi-final of the 17th Asian Games on Tuesday.
ii. The 31-year-old Indian beat Vietnam’s Le Thi Bang by 3—0 decision to enter the final.


10. Former International cricket umpire Mohammad Ghouse died
i. Former International cricket umpire Mohammad Ghouse died on 29 September 2014 following a brief illness. He was 83.
ii. Mohammad Ghouse made his debut as an umpire in a Ranji Trophy match in 1968-69 and went on to officiate over its 18 seasons.
iii. His first Test as an official was in 1975-76 in the match between India and New Zealand.

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Day To Day Current Affairs - 29th September 2014 By BankExamzGuru.Blogspot.In

Dear Friends,

This post includes the current affairs on 29th September 2104.

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Day To Day Current Affairs - 29th September 2014

1. Panneerselvam sworn in as new Tamil Nadu CM

i. Jayalalithaa loyalist O. Panneerselvam was on Monday was sworn-in as Chief Minister of Tamil Nadu, succeeding his party chief two days after her conviction in an illegal assets case.

ii. An emotional Mr. Panneerselvam was seen wiping his eyes as he was sworn-in as Chief Minister by Governor K. Rosaiah at the Raj Bhavan.
iii. The new Chief Minister’s cabinet was also sworn-in by the Governor.
iv. The 63-year-old Panneerselvam, who is the AIADMK Treasurer, was unanimously elected as Leader of AIADMK Party Legislature on Sunday following Jayalalithaa’s conviction and subsequent disqualification as MLA following her four year prison term awarded by the Bangalore Special Court in the Rs 66.65 crore disproportionate assets case.


2. World Heart Day: Adopt healthy lifestyle for a good heart

i. World Heart Day is being observed today.
ii. The objective of the day is to inform people around the globe that heart disease and stroke are the world’s leading causes of death, claiming 17.3 million lives each year.
iii. Eating more of low-calorie and nutrient-rich foods, such as fruits and vegetables, and less of high-calorie, high-sodium foods, such as refined, processed or fast foods, can shape up our diet as well as our heart.


3. Ashraf Ghani sworn in as Afghanistan President

i. Ashraf Ghani Ahmadzai has been sworn in as Afghanistan’s new President, replacing Hamid Karzai in the country’s first democratic transfer of power since the 2001 U.S-led invasion toppled the Taliban.
ii. He became President of Afghanistan in a peaceful transition Monday after a six-month election season that ended with marathon negotiations that gave the newly created position of chief executive to his challenger Abdullah Abdullah.
iii. Mr. Karzai had been Afghanistan’s only leader since 2001.


4. Modi announces lifelong visas for Indian Diaspora

i. Amid cheers from thousands of Indian-Americans, Prime Minister Narendra Modi on Saturday announced several measures to ease travel to their motherland including life-long visas.
ii. “There is even more to come,” he said smilingly as he announced that People of Indian Origin (PIOs) in staying in India for long would not have to report to police. “There is no need for them to do that anymore.”
iii. Eventually the PIO and OCI schemes will be combined in a new scheme and also cover spouses.


Note: i. Currently PIO cards, given to those who themselves, their parents or grandparents or their spouse, were one-time Indian citizens, allow for visa-free travel to and from India. However, a PIO card is only valid for 15 years.
ii. Also, if one’s stay in India is going to exceed 180 days on any single visit, one needs to register within 30 days of the expiry of 180 days with the concerned Foreigners Regional Registration Officer/Foreigners Registration Officer or local police authorities.


5. Bombay HC directs centre to strictly ban manufacture of plastic flags

i. The Bombay High Court on Monday directed the Union Government to strictly implement the ban on manufacture of national flags made from plastic. The Ministry of Home Affairs has been directed to take stringent measures against the use, distribution and sale of such plastic flags.
ii. The court thereafter directed the Maharashtra Government to make proper arrangements for the disposal of such flags. The tehsildars and the Collector offices will be the nodal agencies for the disposal of the national flags.
iii. The court also directed the State Government to allow NGOs and other organisations to collect the flags and hand them over to the district Collector office or Tehsildar office.


6. Govt. to launch Universal Health Assurance Mission
i. Government will soon launch Universal Health Assurance Mission to provide affordable health services to people
ii. Health Minister Dr Harsh Vardhan said, the endeavor of the government is to provide affordable health care so that not a single patient remains undiagnosed.
iii. He said, under the mission about 50 essential drugs with a diagnostic package and 30 AYUSH drugs will be made available to all citizens at government hospitals and health centers across the country.


7. Alibaba gets approval to set up private bank in China

i. China’s e-commerce giant Alibaba, which completed the world’s largest initial public offering ever this month, has won approval from authorities here to establish a private bank as it diversifies into financial services.
ii. Alibaba, through its subsidiary Zhejiang Ant Small and Micro Financial Services Group Co, will hold 30 per cent of share capital of the new bank, the China Banking Regulatory Commission said.
iii. Having its own commercial bank will afford Alibaba greater control over many of its key services, including online payment and wealth management products.
iv. Alibaba is the latest company outside the financial sphere to win approval to start a bank in China. Beijing hopes private banks will help in its drive to open up the economy to more competition and get private capital to more parts of the economy.


Note: Alibaba completed the biggest initial public offering ever this month by selling $25 billion of stock to investors keen to tap into the world’s biggest pool of Internet users.


8. KV Kamath-led 15-member panel to study financing in MSME sector
i. The Finance Ministry has appointed a 15-member committee under the Chairmanship of ICICI Bank Chairman KV Kamath to examine the financial architecture for the micro, small and medium enterprises (MSME) sector.
ii. The committee will, among other things, come up with concrete suggestions to improve the share of institutional finance to MSMEs.
iii. This Panel has been asked to submit its final report in three months.


9. Doha Bank to acquire India operations of HSBC Oman
i. Seeking to expand Asian operations, Qatar-based Doha Bank will acquire the Indian operations of the HSBC Bank Oman.
ii. The board of Doha Bank has approved the terms of amalgamation to “take over and combine” the banking operations of HSBC Bank Oman SAOG, India, with Doha Bank QSC India operation as a going concern, Doha Bank said a filing to the Qatar Stock Exchange.


Note: Late last year Doha Bank had secured licence from the Reserve Bank of India (RBI) to commence banking operations in India and has been permitted to open a branch in Mumbai to provide full—scale banking services.


10. Seema Poonia wins Gold in women's discus throw at the Incheon Asian Games

i. India's Seema Poonia grabbed gold in the women's discus throw event. This is India's fifth gold. Seema threw 61.03 meters to bag the gold.
ii. Her sister, Krishna Poonia figuring in the same event finished fourth. Two bronze medal also came from athletics today. O P Jaisha finished third in women's 1500 meter and Naveen Kumar won bronze in men's 3000 meter steeplechase.


11. Sania-Saketh win gold
i. The tennis mixed doubles pair of Sania Mirza and Saketh Myneni won the gold medal for India by defeating Chinese Taipei top seeds Hsien Yin Peng-Hao Ching Chan 6-4, 6-3 in Incheon on Monday. It is the sixth gold medal for India.


12. Wrestler Bajrang tennis combination of Sanam Singh and Saketh Myneni picked up silver medals
i. Wrestler Bajrang and the men’s tennis combination of Sanam Singh and Saketh Myneni picked up silver medals.
ii. Apart from Bajrang and the tennis team’s silver-winning feats, athlete O.P. Jaisha (women’s 1500m race) and wrestler Narsingh Pancham Yadav (74kg) clinched bronze medals on a rather mixed day for the Indian contingent.
Note: With the addition of five medals on Monday, India had a total of haul of 42 -- six golds, seven silver and 29 bronze. China maintained their supremacy with a tally of 231 (110-69-52) followed by hosts South Korea 144 and Japan 131.


13. Leander Paes wins Malaysian Open doubles title
i. Veteran Indian star Leander Paes has lifted the ATP Malaysian Open title with new partner Marcin Matkowski.
ii. At Kuala Lumpur today, the fourth seeded Indo-Polish pair rallied to beat the second seeded Briton-Australian combo of Jamie Murray and John Peers 3-6 7-6 10-5 in the summit clash.


14. Europe retains Golf's Ryder Cup
i. Europe has retained Golf's Ryder Cup, easily defeating the United States for its eighth victory in the last 10 times in the biennial event.
ii. The 12 man European team, a collection of the continent's best professional golfers, held a commanding four point lead heading into yesterday's decisive singles matches at the Gleneagles course in Scotland, and added to its margin, finishing ahead 16 1/2 to 11 1/2.


15. Volcano Mount Ontake erupted in Japan
i. Volcano Mount Ontake in Japan erupted on 27 September 2014 killing more than 30 people and injuring as many people.
ii. The volcano, which is a popular destination for religious pilgrimages, erupted when many hikers were out enjoying the beautiful start to the weekend and the autumn hiking season.
iii. The eruption led to pouring in of smoke and ash hundreds of meters into the sky. Ash was found on cars as far as 80km away.


16. Indo-US joint military Yudh Abhyas exercise underway in Uttarakhand
i. The 10th edition of annual Indo-US joint military exercise is on at Ranikhet in Uttarakhand. It is focused on counter-insurgency and counter-terrorism operations in mountainous terrain in United Nations peace keeping scenario.
ii. The exercise, involving contingents from Garud division of the Indian army and the US' infantry division, is being held at Chaubattia forest range in the foothills of Himalayas.

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Day To Day Current Affairs - 28th September 2014 By BankExamzGuru.Blogspot.In

Dear Friends,

This post includes the current affairs on 28th September 2104.

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Day To Day Current Affairs - 28th September 2014

1. Justice H.L. Dattu sworn-in as 42nd Chief Justice of India

i. Justice Handyala Lakshminarayanaswamy Dattu was today sworn-in as the new Chief Justice of India. He was administered oath of office by President Pranab Mukherjee at Rashtrapati Bhawan.

ii. Justice Dattu succeeds Chief Justice R M Lodha who retired yesterday. He is the 42nd Chief Justice of India and will have a tenure of 14 months as Chief Justice of Supreme Court.
iii. Vice President M. Hamid Ansari, Union Ministers Rajnath Singh, Ravi Shankar Prasad, Venkaiah Naidu and senior BJP leader L K Advani are among those present during the swearing-in ceremony.
iv. Born on December 3, 1950, Justice Dattu began his practice as an advocate in Bangalore in 1975 and dealt with all type of cases including civil, criminal, tax and Constitutional matters.


2. Nation remembers Bhagat Singh on his 107th birth anniversary

i. Thankful nation is remembering Shaeed-e-Azam Bhagat Singh today on his 107th birth anniversary. It was on this day the great martyr of freedom movement was born at Khatkar Kalan village of then Jalandhar district of Punjab. Today Youth and Sports Club at various villages of Punjab took oath to work for de-addiction among the youth.
ii. Bhagat Singh sacrificed his life on March 23, 1931 for the freedom of the nation and his sacrifice influenced youth of the country at that time to work for the national movement.
iii. He is respected as an ideal by many present day youth organisation while they take pledge to work for the betterment of the society.


3. PM want World to adopt an Int'l Yoga Day
i. Prime Minister Narendra Modi while discussing matters of regional and bilateral cooperation with top leaders of Sri Lanka, Bangladesh and Nepal wanted world leaders their full support to suggest to the UN to celebrate International Yoga Day once a year.
ii. Prime Minister during his 35-minute speech at the UN General Assembly had urged world leaders to adopt an International Yoga Day.
iii. PM Modi also reiterated his commitment to make SAARC a strong regional block. Before his UN speech, Modi met UN Secretary General Ban Ki-moon and discussed issues like imminent reforms in the UNSC and the need to involve countries contributing peace troops in the decision-making process of the multilateral institution.


4. Modi invites New Jersey Governor Chris Christie to visit India

i. Prime Minister Narendra Modi has invited New Jersey Governor Chris Christie to visit India with a trade mission.
ii. Modi extended the invitation to Christie when the latter called on him at the New York Palace hotel, where the Prime Minister is staying for attending the annual session of the UN General Assembly.
iii. Christie, a popular Republican politician and a 2016 presidential election aspirant, has accepted the invitation to visit India with a trade delegation sometime next year, said Andy Shenoy, director on the Board of United Nations Development Corporation who played a major role in coordinating this important meeting.


5. Number of asylum seekers in developed countries up by 24 %: UNHCR
i. UN High Commissioner for Refugees has said that the number of people seeking refugee status in developed nations has gone up by 24 percent in the first half of 2014. UNHCR’s new asylum trends report reveals that it is mainly driven by the wars in Syria and Iraq as well as conflict and instability in countries such as Afghanistan and Eritrea.
ii. The report based on data received from 44 governments in Europe, North America and parts of the Asia-Pacific, says more than 3,30,700 people asked for refugee status in these countries between January and June this year.
iii. The report has warned that more than seven lakh claims for refugees status may be made in the remaining half of 2014 reaching its highest level in 20 year


6. Swachh Bharat Mission to be launched on Oct 2
i. The Swachh Bharat Mission will be launched on 2nd of next month. The Mission aims at fulfilling the dream of clean India of Mahatma Gandhi by his 150th birth anniversary in 2019.
ii. As part of Swachh Bharat campaingn various departments have initiated cleanliness drive. Yesterday Rashtrapati Bhawan, Prime Minister's Office and other Ministries initiated special cleanliness drive in their premises ahead of launch of the Mission.


7. ONGC Videsh signs agreement with Petroleos Mexicanos
i. ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has signed an agreement with Petroleos Mexicanos (Pemex) for cooperation in the Latin American nation.
ii. The MoU was signed by Anil Bhandari, Director (Exploration), OVL and Gustavo Hernandez Garcia, Director General, Pemex Exploracion Y Produccion at Cancun, Mexico on the sidelines of World National Oil Companies Congress— Americas.
iii. “Under the MOU, the two companies plan to discuss future cooperation and collaboration in the upstream sector in Mexico. The MOU also envisages cooperation in the fields of technology, human resources, research and development,” OVL said in a statement.


Note: Mexico is the largest crude oil producing country in Latin America. It has excellent potential for both conventional and unconventional hydrocarbon. As a result of recent energy reforms in the country, the oil and gas sector is being opened for participation by foreign firms.


8. Delhi Metro ranked 2nd among 18 international metro systems

i. Delhi Metro has been ranked second among 18 international Metro systems in terms of overall customer satisfaction in an online customer survey.
ii. According to a DMRC official, in the survey conducted among the commuters of those Metro systems by Global Metro Benchmarking Groups NOVA and CoMET, Delhi Metro along with London DLR and Bangkok were the best three performers in the Net Promoters Score (NPS) category.
iii. Under this category the survey analysed the likelihood of customers recommending the service to others on the basis of their satisfaction.
iv. More than 41,000 respondents gave their feedback worldwide in this survey conducted online through the websites and social media links of 18 major Metros of the world from April 28th to May 25th earlier this year.
v. The Metro systems that participated in this survey apart from Delhi Metro were Hong Kong MTR, London Underground, Metro De Madrid, Paris RATP, Metro De Sandiago, Singapore SMRT, Barcelona TMB, Brussels STIB, Bangkok BMCL, London DLR, Istanbul Ulasim, Kualalumpur Rapid PL, Metropolitano De Lisboa, Montreal STM, Newcastle Nexus, Metro Rio and Toronto TTC. The NPS is calculated by the percentage of promoters minus the percentage of detractors (P-D = NPS).


9. President’s rule imposed in Maharashtra
i. President’s rule was imposed on Sunday in poll-bound Maharashtra after Chief Minister Prithviraj Chavan resigned following the break-up of 15-year-old Congress-NCP alliance in the state.
ii. President Pranab Mukherjee signed the proclamation for imposition of central rule in Maharashtra, a day after the Union Cabinet recommended clamping of President’s rule in the state, a Home Ministry spokesperson said.


10. Yogeshwar Dutt wins gold in the men's 65 kg freestyle wrestling at the Asian Games.

i. Yogeshwar Dutt ended India’s 28-year-old wait for a wrestling gold medal in the Asian Games by emerging champion in the men’s freestyle 65kg category at the Dowon Gymnasium in Incheon Sunday.
ii. The Indian, an Olympic bronze medallist, put on a stupendous show in winning 3-0 against Zalimkhan Yusupov of Tajikistan in the title clash.


11. Asian games: Khushbir scripts history, wins silver in 20km race walk

i. Khushbir Kaur today became the first Indian woman to win a medal in race walking in the Asian Games as she clinched silver in 20km event on the second day of the athletics competition here.
ii. The 21-year-old from Amritsar clocked 1:33:07 to finish behind Lu Xiuzhi of China, who won the gold in 1:31:06, at the Marathon Course here.
iii. The Indian, who holds the national record of 1:31:40, was consistently third till the 18km mark before going up a position in the final two kilometres, thanks largely to the slowing down of second-placed Chinese Nie Jingjing, who eventually finished fourth.
iv. The bronze medal went to local favourite Jeon Yeongeun, who also clocked a personal best of 1:33:18.
v. This is the biggest triumph of Khushbir’s nascent career after the bronze medal she won at this year’s Asian Walking Championships bronze in Japan. She was the first Indian woman to achieve such a feat


12. Indian pair of Sania-Prarthana settles for bronze
i. Indian pair of Sania Mirza and Prarthana Thombare settled for a bronze after losing their women’s doubles semifinal to Chinese Taipei’s Chin Wei Chan and Su Wei Hsiehin in the Asian Games, in Incheon on Sunday.
ii. The fifth seeded Indian combo put up a brave fight before going down 6-7 (1-7), 6-2, 10-4 to the Chinese Taipei duo, seeded second, at the Yeorumul Tennis Courts.
iii. Sania and Prarthana took the courts and toiled hard for an hour and 35 minutes but at the end failed to make it to the finals.

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Day To Day Current Affairs - 27th September 2014 By BankExamzGuru.Blogspot.In

Dear Friends,

This post includes the current affairs on 27th September 2104.

I hope You like this and share it on your time line.

Day To Day Current Affairs - 27th September 2014

1. Jayalalithaa convicted to 4 years imprisonment in DA case

i. Tamil Nadu Chief Minister J Jayalalithaa was on Saturday convicted under prevention of corruption act by a special court in Bangalore. She has been given a jail term of 4 years by the bangalore special court and slapped a fine of 100 crores.

ii. Special Judge John Michael D'Cunha convicted the 66-year-old AIADMK Chief in a case of owning assets to the tune Rs 66,65 crores disproportionate to her known sources of income during 1991-96 when she was chief minister for the first time.
iii. Jayalalithaa's close aide Sasikala Natarajan, her niece Ilavarasi and her nephew and the chief minister's disowned foster son Sudhakaran were also convicted.
iv. The verdict was delivered at a makeshift court in the Parappana Agrahara prison complex in the presence of Jayalalithaa and the other accused.
v. Jayalalithaa, 66, will now lose MLA's post and has to step down as Tamil Nadu Chief Minister, while she stands disqualified from public office for next 6 years.


2. Justice Handyala Dattu to be sworn-in as new CJI
i. Justice Handyala Lakshminarayanaswamy Dattu will be sworn-in as the new Chief Justice of India tomorrow.
ii. He will succeed Chief Justice R M Lodha who is retiring today. Justice Dattu will be administered oath of office by the President Mr Pranab Mukherjee at Rashtrapati Bhawan.
iii. He will have a tenure of 14 months as Chief Justice of the Supreme Court. Justice Dattu, who is the senior-most judge of the Supreme Court after Chief Justice Lodha has been heading the bench monitoring investigations into the 2G spectrum scam.
iv. Justice Dattu joined the Supreme Court as a judge in December 2008. Born on December 13, 1950, he began his practice as an advocate in Bangalore in 1975 and dealt with all type of cases including civil, criminal, tax and Constitutional matters.


3. K.V. Kamath-led panel to examine financial architecture for MSME sector
i. The Finance Ministry has appointed a 15-member committee under the Chairmanship of ICICI Bank Chairman K V Kamath to examine the financial architecture for Micro, Small and Medium Enterprises (MSME) sector.
ii. The committee will, among other things, come up with concrete suggestions to improve the share of institutional finance to MSME from the low levels seen currently.
iii. Besides looking at innovative financial products for MSMEs, the committee will suggest measures to increase the flow of equity support to MSMEs by targeting incubator-based funds, angel/ seed funds, impact funds and venture capital/ private equity funds.
iv. It will also look at regional disparities in credit flow to MSMEs.
v. The Department of Financial Services move to set up this committee comes two-and-a-half months after Finance Minister Arun Jaitley announced in his maiden Budget speech that a committee will be set up to examine the financial architecture for the MSME sector.


4. BCCI extends tenure of Ravi Shastri as team India director till 2015 WC
i. The working committee of the BCCI today retained former India all-rounder Ravi Shastri as the Director of the Indian cricket team till the ICC World Cup next year.
ii. The Committee also decided to hold its Annual General Meeting in Chennai on November 20.
iii. The working committee also decided to continue with the services of coach Duncan Fletcher till the World Cup in Australia and New Zealand in February-March next year.
iv. The Indian support staff trio of Sanjay Bangar, Bharath Arun and R Sridhar were also rewarded with contracts till the end of the World Cup.


5. SBI signed 500 million dollar Line of Credit with Korea Eximbank
i. State Bank of India (SBI), the country’s largest lender announced that it has signed a Line of Credit (LoC) of 500 million dollar with Export-Import Bank of Korea (Korea Eximbank).
ii. The LoC will be utilised to provide finance to SBI’s clients in India and neighbouring countries that have business relationships either by way of equity participation or regular trade with Korean companies globally, as well as joint ventures or subsidiaries of Korean companies.
iii. SBI’s regional head (East Asia), C Venkat Nageswar and Korea Eximbank’s member of Board of Directors, Young Whan Sul signed the agreement at Seoul. The entire process was facilitated by SBI’s subsidiary, SBI Capital Markets and the signing of the pact for LoC is being seen as a step towards further strengthening of Korea-India strategic partnership.


6. Pakistan test fired short range nuclear capable missile Hatf IX
i. Pakistan on 26 September 2014 test fired the Hatf IX -short range surface-to-surface missile. The nuclear capable missile also called as Nasr was tested with successive launches of four missiles from a Multi Tube Launcher with Salvo Mode.
ii. It is a nuclear capable ballistic missile with a maximum range of 60 kilometers can cover western parts of India. With in-flight manoeuvre capability Hatf IX is a quick response system with shoot and scoot capability.


7. Sri Lanka wins backing of 22 nations against UN rights probe
i. Sri Lanka has won the backing of 22 nations in its battle against the UN's war crimes probe into the country's human rights record during its brutal civil war.
ii. A government statement said the countries in a joint statement had termed the UN Human Rights Council (UNHRC) resolution passed last March as an intrusive mandate and unwarranted in the context of Sri Lanka's own local investigation.
iii. The like minded group chaired by Egypt included Algeria, Angola, Bangladesh, Belarus, Bolivia, China, Cuba, Ecuador, Indonesia, Iran, North Korea, Myanmar, Nicaragua, Pakistan,Russia, South Sudan, Sudan, Uganda, Venezuela and Zimbabwe.
iv. This support was in addition to the concerns raised by India as Sri Lanka's all important giant neighbour had questioned the methodology of the investigation.
v. This is in view of Sri Lanka's decision not to cooperate with the investigation.
vi. India backed the US-sponsored 2012 and 2013 UNHRC resolutions which pinned Colombo to a credible process of reconciliation with the Tamil minority.
vii. However, India much to the delight of Sri Lanka abstained at the crucial vote last March which mandated an international investigation.


8. 10 scientists get Shanti Swarup Bhatnagar Prize
i. Ten scientists were on Friday felicitated with prestigious Shanti Swarup Bhatnagar Prize for their outstanding contributions to field of science and technology.
ii. P S Ahuja, Director General of Council of Scientific and Industrial Research (CSIR) awarded the scientists for their notable and outstanding research, applied or fundamental, in the field of biology, chemistry, environmental science, engineering, mathematics, medicine and Physics.
iii. Roop Mallik and Pratap Raychaudhuri, both scientists from Mumbai-based Tata Institute of Fundamental Research (TIFR), were awarded for their contribution in the field of Biological and Physical science respectively.
iv. Sadiqali Abbas Rangwala from Raman Research Institute in Bengaluru was given the award for Physical Science.
v. Anurag Agrawal of New Delhi-based Institute of Genomics and Integrative Biology (CSIR-IGIB) was awarded for his contribution in the field of Medical Science.
vi. S Venkata Mohan from Indian Institute of Chemical Technology (CSIR-IICT), Hyderabad and Soumen Chakrabarti from Indian Institute of Technology, Mumbai were given the award in the field of Engineering science while Kaushal Kumar Verma from Indian Institute of Science Bengaluru was awarded for his work in Mathematical Sciences.


9. Asian Games: Indian men's team wins compound archery gold

i. Creating a landmark in the history of Indian sports, India beat hosts and World champions South Korea in the men's compound archery team final at the Gyeyang Asiad Archery Field on Saturday for the country's second gold of 17th Asian Games.
ii. Indian team of Rajat Chauhan, Sandeep Kumar and Abhishek Verma, came all guns blazing and beat the hosts 227-225 for the gold medal -- country's first from archery in the 17th Asiad.
iii. India won their first medal from the discipline earlier in the day as the women's compound team beat Iran to win bronze.


10. Asiad: Men’s team gets historic Squash gold

i. Indian Men's Squash team scripts history as they won the first ever Gold medal in the Asiad.
ii. They defeated Malayasin Team 2-Nil to fetch the gold. This was fourth medal from squash in this Asian Games.
Earlier, today Indian Women's team settled for a silver after loosing to Malaysia Nil-2. Squash has given 1 Gold 2 Silver and a bronze.
iii. In the morning, Archery bagged Gold their first ever yellow metal. In the Men's Compound team event, the trio of Abhishek Verma, Sandeep Kumar and Rajat Chauhan defeated champions South Korea, 227-225.
iv. Shooter Jitu Rai had won the first Gold on the opening day. Earlier today, in the Women's section, the team of Trisha Deb, Purvasha Shende and Jyothi Vennam defeated Iran, 224-217 to win a Bronze.

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Day To Day Current Affairs - 26th September 2014 By BankExamzGuru.Blogspot.In

Dear Friends,

This post includes the current affairs on 26th September 2104.

I hope You like this and share it on your time line.

Day To Day Current Affairs - 26th September 2014

1.    G-4 countries meet in New York to discuss Security Council reform

i. G-4 countries have underscored their continuous commitment to a Security Council reform which should be reflective of the geopolitical realities of the 21st century. The G-4 Foreign Ministers of India, Brazil, Germany and Japan met in New York on the margins of the 69th Session of the United Nations General Assembly to exchange views on Security Council reform. 

ii. They agreed that the difficulties of the Security Council to effectively address current international challenges are a compelling reminder of the urgent need for a Security Council reform which makes it more broadly representative, efficient and transparent. 
iii. They said, it will further enhance its effectiveness and the legitimacy and implementation of its decisions. 
iv. The Ministers voiced their concern that, 70 years after the foundation of the United Nations, 50 years after the first and only time that the Security Council was reformed, discussions are still at a stalemate. 

2.    Public Sector Banks require 26–37 billion US dollars to meet Basel-III norms: Moody

i. Global rating agency Moody 2014 released a report titled Indian Banks Could Need 26-37 billion US dollar in External Capital for Basel III Compliance.

ii. In the report it revealed that 11 Indian public sector banks (PSBs) need to raise 26 to 37 billion US dollar in external capital in the financial year 2015 in order to meet the Basel-III capital adequacy norms by financial year 2019.

iii. This projection of Moody is based on the assumption that there is a moderate recovery in India's GDP growth, and a gradual decline in nonperforming loans from current levels.

Main highlights of the report
i. In rupee terms these banks will require additional 1.5 to 2.2 trillion rupees to fully comply with the Basel-III norms.
ii. A significant part of the required capital, around 800 - 900 billion rupees (or 13-15 billion US dollars) could be in the form of Additional Tier 1 (AT1) capital. 
iii. Moody's notes that these PSBs constitute 62 percent of the net loans in the Indian banking system but barely meet the current minimum capital requirements. As a result PSBs will find it difficult to raise capital quickly in the current environment.

Basel-III Norms
Basel III raises the minimum required capital levels for both Tier 1 capital to 7.0 percent and Common Equity Tier 1 (CET1) capital to 5.5 percent. Besides, the banks will also need to meet a Capital Conservation Buffer in order to pay dividends. These will be pressurizing the Indian public-sector banks due to low capital levels remain a key credit weakness.

3.    RBI released Gopalakrishna Committee report on Capacity Building in Banks and non-Banks

i. The Reserve Bank of India released Gopalakrishna Committee report on Capacity Building in banks and non-banks.  The committee has recommended a 360-degree feedback for a transparent and comprehensive performance assessment exercise, one that ensures adequate performance differentiation between employees.

ii. The committee was constituted with an objective to implement non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC) relating to capacity building in banks and non-banks, streamlining training intervention and suggesting changes thereto in view of ever increasing challenges in banking and non-banking sectors.

The key recommendations of the Report include and pertain to:
• Approach to capacity building in banks and non-banks
• Enhancing Human Resources Management practices
• Creation of position of Chief Learning Officer in banks and concept of return on learning
• Strategies for addressing issues of replacement or replenishment of talent in banks
• Process and steps for skill development

4.    GST implementation from April 2016

i. As negotiations with states on GST enter a critical stage, the Centre is looking forward to implementation of the new indirect tax regime from 1st April 2016.

ii. The deadline for actual implementation of GST from April 1, 2016, would be feasible. It all depends on how quickly we are able to reach consensus on critical issues," Revenue Secretary Shakti Kanta Das said at an event in New Delhi on Saturday. 
iii. The Goods and Services Tax (GST) regime aims at subsuming most of the indirect taxes at the central as well as state level. 

iv. The UPA government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for introduction of GST. 
v. The GST which has been pending since 2006, is stuck at a crucial stage where states have proposed to keep products such as petroleum, tobacco and alcohol out of GST ambit and had demanded the exemption list be included in the Constitutional Amendment Bill. 

5.    UN Climate Change Summit 2014 held in New York

i. UN Climate Change Summit 2014 was held at UN headquarters in New York on 23 September 2014 to put the planet on course towards reversing global warming.

ii. The purpose of the 2014 Climate Summit was to raise political momentum for a meaningful universal climate agreement in Paris in 2015. Moreover, it aimed to galvanize transformative action in all countries to reduce emissions and build resilience to the adverse impacts of climate change.

iii. Hollywood star Leonardo DiCaprio was also present on the UN summit on climate change.  UN Secretary General Ban Ki-moon hosted the summit of all 120 leaders.

6.    Union Government launched Deen Dayal Upadhyaya Antyodaya Yojana for urban and rural poor

i. Union Government Deen Dayal Upadhyaya Antyodaya Yojana for urban and rural poor. The Yojana aims at alleviating urban and rural poverty through enhancement of livelihood opportunities through skill development and other means.

ii. Deen Dayal Upadhyaya Antyodaya Yojana has two components one for urban India and other for rural India.

Main Highlights of the Urban Scheme 
The scheme will focus on 
i. Imparting skills with an expenditure of 15000 rupees to 18000 rupees on each urban poor
ii. Promotion of self-employment through setting up individual micro-enterprises and group enterprises with interest subsidy for individual projects costing 2lakhs rupees and 10 lakhs rupees for group enterprises. Subsidized interest rate will be 7 percent.
iii. Training urban poor to meet the huge demand from urban citizens by imparting market oriented skills through City Livelihood Centres. Each Centre would be given a capital grant of 10 lakhs rupees.
iv. Enabling urban poor form Self-Help Groups for meeting financial and social needs with a support of 10000 rupees per each group who would in turn would be helped with bank linkages.
v. Development of vendor markets besides promotion of skills of vendors 
vi.  Construction of permanent shelters for urban homeless and provision of other essential services.

Main Poins of the Rural Scheme
i.  The Yojana aims at training 10 lakh (1 million) rural youths for jobs in three years, that is, by 2017.
ii. The minimum age for entry under the Yojana is 15 years compared to 18 years under the Aajeevika Skills Programme.
iii. Skill development training centres to be launched so as to address the unemployment problem in the rural area.
iv. The skills imparted under the Yojana will now be benchmarked against international standards and will complement the Prime Minister’s Make In India campaign.
v. The Kaushalya Yojana will also the address the need for imparting training to the differently-able persons and chip in private players including international players to impart the skills to the rural youths.

Note: i.  The Urban component will be implemented by the Union Ministry of Housing & Urban Poverty Alleviation  

ii. Rural component named as Deen Dayal Upadhyaya Grameen Kaushalya Yojana will be implemented by the Union Ministry of Rural Development.

7.    SBI, ICICI allowed kids to operate bank accounts independently

i. State Bank of India (SBI) and Industrial Credit and Investment Corporation of India (ICICI) allowed kids to operate bank accounts independently.
ii. The bank account is available for all kids above 10 who can sign uniformly. A uniform signature is a prerequisite since the banks are not making any allowance in signature variation for children and cheques can be returned where signatures do not match.
iii. On 5 September 2014, SBI had launched new accounts Pehla Kadam and Pehli Udaan for kids.
iii. Now, ICICI Bank has launched Smart Stars account and Federal Bank Limited has Young Champ Account for minors.

iv. Further, ICICI Bank has imposed a debit transaction limit of 50000 rupees annually for minor-operated accounts. If the account is operated with a guardian's consent, the annual limit is enhanced to 2 lakh rupees.
v. The banks are offering full-fledged services to minors, including photo debit cards and access to mobile and net banking.
vi. These minor-operated accounts were allowed by the Reserve Bank of India in May 2014 to inculcate savings behaviour among the young. 
vii. The only condition was that minors should not be given any overdraft or credit facility.

8.    MT Vasudevan Nair selected for 2013 JC Daniel Award of Kerala Government

i. Noted writer and filmmaker Madathil Thekkepaattu (MT) Vasudevan Nair was selected for the JC Daniel Award for lifetime achievement for the year 2013. The award given by the Kerala government recognises the overall contribution of MT to the Malayalam film industry. 
ii. He will be presented with the award at a function on 17 October 2014 at Kanakakunnu Palace in Thiruvananthapuram, Kerala. 
iii. He was selected for the award by a jury headed by noted writer and Malayalam University Vice-Chancellor K Jayakumar.

9.    Rajat Sharma appointed as the president of News Broadcasting Association

i. India TV chairman and editor-in-chief Rajat Sharma on 24 September 2014 was appointed as the new president of the News Broadcasting Association (NBA) for the year 2014-2015.
ii. Rajat Sharma will replace KVL Narayan Rao who was the president of NBA for four consecutive years. However, Rao will remain a member of NBA board.
iii. Anurradha Prasad was named as the new honorary treasurer of NBA. Meanwhile, Ashok Venkatramani will continue to be the vice president of NBA.

10.  US to pay 500 million US dollar in compensation to Native American Navajo tribe

i. The US government will pay more than $500 million to the Native American Navajo tribe in the US southwest, ending decades-old disputes over use of their land, officials said Wednesday.

ii. In return, the tribe will not claim lawsuits over US management of Navajo resources and funds.

iii. The sum is the largest ever paid by the United States to a single tribe, according to The Washington Post.

iv. This historic agreement resolves a longstanding dispute between the United States and the Navajo Nation, including some claims that have been sources of tension for generations," Attorney General Eric Holder said in a statement sent to AFP.

v. Half of all Navajo land is rented out for agricultural and forestry purposes, oil and gas production, and mineral extraction, among other uses.

Note: i. The Navajo reservation, straddling the western states of Arizona, New Mexico and Utah, is the largest in the United States, covering around 70,000 square miles (181,299 square kilometers).

ii. "This landmark resolution ends protracted and burdensome litigation. It will provide important resources to the Navajo Nation. And it fairly and honorably resolves a legal conflict over the accounting and management of tribal resources," Holder said.

iii. The Navajos are the largest indigenous tribe in the United States with more than 300,000 members.

11.  Edward Snowden and Alan Rusbridger won Right Livelihood Award 2014

i. Former U.S. spy agency contractor Edward Snowden and Alan Rusbridger, editor of The Guardian on 24 September 2014 won Right Livelihood Award. The award was shared between the two.
ii. Edward Snowden was awarded for his courage and skill in revealing the unprecedented extent of state surveillance violating basic democratic processes and constitutional rights. While, Alan Rusbridger, was awarded for writing extensively on government surveillance, based on leaks of Edward Snowden.

Note: The Right Livelihood Award is also known as Alternative Nobel prize of Sweden.

About Right Livelihood Award:i. The Right Livelihood Award was established in 1980. 
ii. The award was given to honour and support those offering practical and exemplary answers to the most urgent challenges facing us today.
iii. The prize money is shared among the winners, usually numbering four, and is EUR 200000. Very often one of the four laureates receives an honorary award, which means that the other three share the prize money.

12.  Suresh Parbhu selected as PM’s Sherpa for G-20 summit

i. Suresh Prabhu on 23 September 2014 was appointed as Prime Minister Narendra Modi’s Sherpa for the Group of 20 annual Summit 2014. He was selected by the Prime Minister Narendra Modi.

ii. The G-20 annual summit will be held in Brisbane from 15 November to 16 November 2014.

iii. Suresh Prabhu will attend the G20 Sherpa’s meeting that is going to be held in Canberra, Australia from 30 September to 1 October 2014. Sherpa is a senior official responsible for preparing the agenda for leaders to consider during the summit.

13.  Emami biotech acquired Vanaspati brand Rasoi

i. Emami biotech acquired Vanaspati brand Rasoi. Emami biotech is the edible oil and bio-diesel arm of the Emami Group of Companies.
ii. The deal is estimated to be worth around 20 crore rupees. This is Emami's second acquisition in three months and with this deal Emami makes entry into vanaspati segment.
iii. The acquisition will be an addition to the Company’s existing portfolio of edible oil brands such as Emami Healthy & Tasty and Himani Best Choice.

14.  Forbes India released The 100 Richest Indian List 2014

i. The Forbes India magazine releasedThe 100 Richest Indian List 2014 on 25 September 2014. As per the list, the top 100 richest tycoons in India are all billionaires for the first time. The combined net worth of 100 richest tycoons in India is 346 billion US dollars in 2014 up more than a third from 259 billion US dollars in 2013.

ii. According to the Forbes India List, the Top 10 Richest people of India:

1. Mukesh Ambani; 2. Dilip Shanghvi; 3. Azim Premji; 4. Pallonji Mistry; 5. Lakshmi Mittal; 6. Hinduja brothers;

7. Shiv Nadar; 8. Godrej family; 9. Kumar Birla; 10. Sunil Mittal

Highlights of the Forbes India Rich List 2014

i. Mukesh Ambani topped the list for the eighth consecutive year with a net worth of 23.6 billion US dollars.

ii. Dilip Shanghvi, founder of Sun Pharmaceutical Industries, is at the second position on the list. He overtook steel baron Lakshmi Mittal who slipped to fifth place.  

iii. Azim Premji whose net wealth increased to 16.4 billion US dollars from 13.8 billion US dollars is at third position.

iv. The biggest dollar gainer is Gautam Adani who jumped 11 spots to eleventh position adding nearly 4.5 billion US dollars to his wealth which reached 7.1 billion US dollars.

v. As many as 85 people out of 89 who returned to the top 100 from 2013 are wealthier and several are billionaires for the first time.

15.  Former British PM Tony Blair named "gay icon"

i. Former British Prime Minister Tony Blair was named one of the top "gay icons" of the last thirty years on Friday in recognition of his work for gay rights.

ii. Gay Times magazine awarded the politician the accolade in an edition marking the newspaper`s 30th anniversary.

iii. Blair, 61, won a landslide victory in a 1997 general election, and was the head of a left-leaning Labour Party government for the next decade.

16.  Maharashtra CM Prithviraj Chavan resigns

i. Maharashtra chief minister Prithviraj Chavan has resigned  after the Nationalist Congress Party withdrew support to his Congress-led government on Thursday.

ii. Chavan submitted his resignation letter to the governor on Friday evening as the opposition BJP stepped up pressure that president's rule be imposed in the state.

iii. Governor C Vidyasagar Rao is reportedly seeking legal advice, after the BJP upped the pressure saying the Congress government in the state did not have a majority any longer after splitting with the NCP.

iv. The Assembly elections in the state are scheduled for October 15.

17.  Cricketers Sachin Tendulkar & Steve Waugh selected as 2014 Bradman Honouree

i. Cricketer Sachin Tendulkar and Steve Waugh of Australia were selected as Bradman Honouree 2014. It was announced by The Bradman Foundation on 22 September 2014. They will be honoured at the Gala Dinner of the Bradman Foundation on 29 October 2014 in Sydney.

ii. Sachin Tendulkar was selected for Bradman Honouree because he has scored more Test runs than any other cricketer in history and bestrode the international cricket stage for 24 years.

About Bradman Honourees : The Bradman Foundation, a non profitable organisation was established in 1987 with the support of Sir Donald Bradman. It was established to promote cricket as a valuable cultural and sporting force within the community.

Every year two Bradman Honourees were selected for their significan

That's it for now Friends.

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