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Banking and Ownership Information up to Rs General Awareness APRIL 2014 Year: 2014 Vol. 2, Issue 10 A PUBLICAITON OF GYANM EDUCATION & TRAINING INSTITUTE PVT. LTD. SCO 13-14-15, 2ND FLOOR, SEC 34-A, CHANDIGARH CONTENTS NATIONAL NEWS SECTION – A FEBRUARY 2014 CURRENT AFFAIRS TH From December to 1-24 TELANGANA TO BE 29 STATE February 2014 ANDHRA PUT UNDER PRESIDENTT’s RULE SECTION – B After prolonged at most bizarre Hungama that ever happened in the Parliament, the bill for formation of BULLET NEWS Telangana as 29th State of the Indian Union was From September to 25-34 passed. To protest against this decision, chief November minister of Andhra Pradesh Kiran Kumar Reddy SECTION – C resigned from his seat as well as from the congress 500 SAMPLE MCQS FOR party. As a result the state was put under 35-60 BANKS/ SSC President’s rule. CAPITAL PUT UNDER PRESIDENT’s RULE SECTION – E For the first time in its history, President’s Rule was imposed in Delhi when the Union th LATEST GK BYTES 61-87 Cabinet on 15 February approved the recommendation of Lieutenant-Governor Najeeb Jung for keeping the Delhi Assembly under suspended animation following the resignation by the Chief Minister Arvind Kejriwal. FIGURES TO REMEMBER REPO RATE 8.00% POLL EXPENDITURE CEILING RAISED Union Cabinet has approved Election Commission’s suggestion to increase the ceiling REVERSE REPO RATE 7.00% on poll expenditure for Lok Sabha Seat to Rs. 70 lac per candidate from Rs. 40 lac at MARGINAL STANDING 9.00% present. For assembly polls, the limit has been raised to Rs. 28 lac from Rs. 16 lac at FACILITY RATE present. These ceilings are however, applicable to big states only. STATUTORY LIQUIDITY 23% RATIO GERMAN PRESIDENT IN INDIA CASH RESERVE RATIO 4.00% Joachim Gauck, President of Germany visits India. India and Germany signed an BANK RATE 9.00% agreement worth one billion Euros (about Rs 8,500 crore) for financial and technical BASE RATE(s) 9.80% – cooperation for setting up a green energy corridor. (of various banks) 10.25 % VOTERS NUMBER SWELLS TO 81.5 CRORE INDIA’S RANK IN Summary revision data released by the Election Commission shows that India’s electorate for the World Press Freedom Index 140th upcoming general election will be 81.5 crore, The Environment Performance Index 155th electorate is now nearly five times what it was when rd India first voted, over 60 years ago. The EC has Index for Nuclear Safety 23 added nearly 10 crore new voters to the rolls between Index of Economic Freedom 120th 2009 and 2014, one of the largest-ever such Rank in Energy Usaage 69th increases between two elections. Ease of Doing Business (Forbes) 98th PM TO ATTEND BIMSTEC AT NAY PYI TAW Corruption Perception Index 94th Prime Minister to attend the BIMSTEC Summit (March 1-4) at Nay Pyi Taw, capital th World Prosperity Index 106 of Myanmar, with an eye on giving a boost to India's Look East policy, focus on Ease of Doing Business (World Bank) 134th increasing connectivity that will benefit the north-east and enhance cooperation in Global Hunger Index 2013 63rd counter-terrorism. BIMSTEC: Bay of Bengal Initiative for Multi-Sectoral Technical Human Capital Index 78th and Economic Cooperation. Global Gender Gap Index 101st INDIA RANKS 8TH IN DIGITAL GOVERNMENT Global Competitiveness Index 60th th A new comparative study by Accenture has found that Singapore, Norway and the Corruption Risk Index 69 United Arab Emirates (UAE) rank first, second and third, respectively, among 10 th Human Development Index 2013 136 countries in their use of "digital government". India ranked 8th in 10 country study. GENERAL AWARENESS – APRIL 2014 1 INDIA 140TH IN PRESS FREEDOM Ashok Kumar Mathur. The recommendations of the panel As per World Press Freedom Index, India has been ranked are likely to be implemented from January 2016. 140th in the list of 180 countries in terms of freedom of press. Finland ranks first, followed by Netherlands and INDO-CHINA YEAR OF FRIENDLY EXCHANGES Norway. India and China have agreed on a slew of measures, including RESTRICTION OF USAGE OF CERTAIN WORDS holding of joint Army exercise Govt has directed that Companies and limited liability this year and strengthening partnership firms floated by private entities should not use maritime security cooperation the word 'National' in their names. Similarly, words such as while maintaining peace and 'Bank', 'Stock Exchange' and ‘Exchange’ should be used only tranquility on the dispute border. after receiving no-objection from the concerned regulator. The two sides agreed to celebrate 2014 as the 'Year of Friendly Exchanges'. TWO MORE CHANCES FOR UPSC EXAMS In good news for lakhs of civil services aspirants, the DATA SIGNED WITH FIJI government has decided to give two additional attempts to India has signed a Double Taxation Avoidance Agreement all categories of candidates of the prestigious exam (DTAA) with Fiji. DTAA are signed to ensure that undue tax conducted by Union Public Service Commission. The burden is not imposed on a person by taxing him twice, candidates who have exhausted their four attempts and are once in the country of his residence and again in the running 30 years of age will get two more attempts till 32 country from where income is derived. years of age. S C ATTAINS FULL STRENGTH INDIA TO SUPPORT ARABIAN RAIL PROJECT The Supreme Court of India got its full Indian labour force will help in construction of the 450 kms strength of 31 judges (including Chief long Haramain High Speed Railway project in Saudi Arabia Justice) on 17th February when two to link two of Islam’s holiest cities, Makkah and Medina. new judges - Justice Rajesh Kumar The rails for the tracks will also be supplied by Indian Agrawal and Justice N V Ramana were companies. sworn in as new judges. BRAILLE COACH FOR BLIND PASSENGERS SECURITY AGREEMENTS SIGNED WITH ISRAEL Purushottam Express, a super-fast train running between India signs three security agreements — Mutual Legal Delhi and Puri will become the first train in India to be Assistance Treaty in Criminal Matters; Agreement on attached with a Braille-embedded AC coach to facilitate Protection of Classified Material; and Agreement on visually challenged passengers. Cooperation in Homeland and Public Security — with Israel. NGT BANS BURNING OF TYRES 57.62 crore Aadhaar cards issued till January 31, 2014. The National Green Tribunal People not having document based identity and address has banned the burning of proof can avail of introducer-based enrolment. tyres at public places, such as India currently has the largest population of illiterate roads and areas surrounded adults in the world with 287 million. This is 37 per cent by residential buildings and of the global total. also during protests by A Credit Suisse report says that In terms of consumer political and religious groups confidence among emerging market economies, India as it is likely to cause health has been ranked fifth in a list that is topped by China. hazard. Under Section 26 of India and Saudi Arabia sign a Memorandum of the National Green tribunal Act, 2010, a failure to follow the Understanding for cooperation in the field of defence order can result in a penalty of up to Rs 10 crore, which manufacturing. may be extended to Rs. 25 crore and/or imprisonment of three years. World Islamic Tamil Conference held at Kumbakonam, Tamil Nadu from 14 to 16 February. INDIA 9TH IN MILITARY SPENDING 101st Indian Science Congress held at the University of India has emerged as the ninth largest global military power Jammu, J&K, 3-7 February. in terms of military expenditure, spending about $36.3 A commemorative stamp released in honour of noted billion last year. The US tops the list with its 2013 defence ghazal singer Jagjit Singh budget estimated at $600.4 billion, followed by China at DAVID JOHNSTON: Governor General of Canada $112.2 billion and Russia at $68.2 billion. visits India. Ali Mohamed Shein, President of Zanzibar visited MATHUR TO HEAD 7TH PAY COMMISSION India. th Govt has set up a four member 7 Central Pay Hamad bin Isa Al Khalifa, King of Baharin visited Commission headed by former Supreme Court judge Justice India. GENERAL AWARENESS – APRIL 2014 2 February 11 after the last of random samples picked up JANUARY 2014 would be tested. PRESIDENT APPROVES LOKPAL ACT The much talked-about Lokpal and Lokayuktas Act, 2013, PRESIDENT OF MALDIVES VISITS INDIA has been passed by the President. The Bill provides for Abdulla Yameen Abdul Gayoom, President of Maldives creation of an anti-graft ombudsman to investigate visited India to strengthen the cooperation amongst the two corruption charges against public functionaries including the countries. India sanctioned a $25-million credit facility to Prime Minister, Ministers and Members of Parliament. Maldives for financing imports from India. Among other provisions, the Bill makes it incumbent upon States to make within a year their own law for setting up EXIM BANK TO PROVIDE CREDIT TO VIETNAM Lokayuktas on the lines of the Lokpal. The Act has come in Export-Import Bank has agreed to provide a Line of Credit to force from 16th January, 2014. of $ 19.50 million to Vietnam for financing eligible goods, machinery, equipment, works and services including JAPANESE PM VISITS INDIA consultancy services from India for the purpose of financing Shinzo Abe, Japanese Prime Minister two projects in Vietnam. Line of credit allows borrowers to was the Chief Guest at the draw on the credit aas and when required. Republic Day Parade. Thhe two countries decided to intensify defence SUPER JUMBO A-380 LANDS IN INDIA and maritime cooperation but made Govt.
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